Gates Foundation Trust
Long Only- Manager
- Michael Larson
- Quarter
- Q2 2026
- Filed
- 2026-08-14
- 13F value
- $34.42B
- Positions
- 25
- CIK
- 0001166559
Weights are % of 13F book — no reported capital figure for this filer.i
| # | # Shares | Source | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc DelBRK-BHISTORY | 21.35% | (13.8%) | $7.35B | 14,689,844 | (2,358,460) | 1560.29% | 13F |
| 2 | Caterpillar IncCATHISTORY | 19.65% | — | $6.77B | 6,353,614 | — | 1.38% | 13F |
| 3 | Canadian Natl Ry CoCNIHISTORY | 17.95% | — | $6.18B | 51,826,786 | — | — | 13F |
| 4 | Waste Mgmt Inc DelWMHISTORY | 17.30% | (3.3%) | $5.96B | 26,720,744 | (921,600) | 6.68% | 13F |
| 5 | Deere & CoDEHISTORY | 6.56% | — | $2.26B | 3,557,378 | — | 1.32% | 13F |
| 6 | Ecolab IncECLHISTORY | 4.22% | — | $1.45B | 5,218,044 | — | 1.86% | 13F |
| 7 | Walmart IncWMTHISTORY | 2.76% | — | $0.95B | 8,390,477 | — | 0.11% | 13F |
| 8 | Fedex CorpFDXHISTORY | 2.17% | — | $0.75B | 2,384,362 | — | 1.01% | 13F |
| 9 | Coca-Cola Femsa Sab DE CVKOFHISTORY | 1.92% | — | $0.66B | 6,214,719 | — | — | 13F |
| 10 | Home Depot IncHDHISTORY | 1.02% | NEW | $0.35B | 1,000,000 | +1,000,000 | 0.10% | 13F |
| 11 | Waste Connections IncWCNHISTORY | 0.99% | — | $0.34B | 2,039,175 | — | 0.81% | 13F |
| 12 | Madison Square Grdn Sprt CorMSGSHISTORY | 0.69% | — | $0.24B | 592,406 | — | 2.45% | 13F |
| 13 | Fedex Fght Hldg Co IncFDXFHISTORY | 0.52% | NEW | $0.18B | 1,192,181 | +1,192,181 | 0.50% | 13F |
| 14 | Coupang IncCPNGHISTORY | 0.47% | — | $0.16B | 9,248,045 | — | 0.51% | 13F |
| 15 | West Pharmaceutical Svsc IncWSTHISTORY | 0.46% | — | $0.16B | 444,500 | — | 0.63% | 13F |
| 16 | Anheuser Busch Inbev SA NVBUDHISTORY | 0.41% | — | $0.14B | 1,703,000 | — | 0.09% | 13F |
| 17 | Paccar IncPCARHISTORY | 0.35% | — | $0.12B | 1,000,000 | — | 0.19% | 13F |
| 18 | Schrodinger IncSDGRHISTORY | 0.33% | — | $0.11B | 6,981,664 | — | 9.39% | 13F |
| 19 | McDonalds CorpMCDHISTORY | 0.26% | — | $0.09B | 334,900 | — | 0.05% | 13F |
| 20 | Danaher Corp DelDHRHISTORY | 0.21% | — | $0.07B | 373,000 | — | 0.05% | 13F |
| 21 | Kraft Heinz CoKHCHISTORY | 0.17% | — | $0.06B | 2,472,600 | — | 0.21% | 13F |
| 22 | Hormel Foods CorpHRLHISTORY | 0.15% | — | $0.05B | 2,085,290 | — | 0.38% | 13F |
| 23 | On Hldg AGONONHISTORY | 0.05% | — | $0.02B | 500,000 | — | — | 13F |
| 24 | Veralto CorpVLTOHISTORY | 0.03% | — | $0.01B | 124,333 | — | — | 13F |
| 25 | The Mexico Fund, Inc.MXFOff-13F | — | — | — | 647,198 | — | 4.50% | 13G |
Positions are from the latest 13F-HR (period end 2026-06-30). Weights are calculated: position value ÷ the 13F book. Rows marked Off-13F are >5% stakes disclosed on a Schedule 13D/13G dated after the latest 13F; they report shares and percent of class but no dollar value. Chg Shares and % Chg compare with the adjacent prior quarter's 13F only. % Out is either calculated (position shares ÷ issuer shares outstanding from the issuer's XBRL cover page; weighted-average basic shares as a fallback) or reported (percent of class on a Schedule 13D/13G newer than the 13F period) — hover a value for its source and date. Unavailable figures show “—”, never an estimate. Methodology