---
title: Gates (Gates Foundation Trust) — 13F holdings
canonical: https://sweetvaluelab.com/investors/gates
cik: 0001166559
quarter: 2026-06-30
filed: 2026-08-14
---
# Gates — Gates Foundation Trust

Latest 13F for the quarter ended Jun 30, 2026, filed Aug 14, 2026: 24 positions worth $34.4B. Against the quarter ended Mar 31, 2026: 2 bought, 0 added to, 19 unchanged, 3 reduced, 0 sold. The top five are 83% of the portfolio, the top ten 95%; 16 of the positions have a research page on this site.

## Holdings

| Ticker | Issuer | Shares | Value | % of portfolio | Change this quarter |
| --- | --- | ---: | ---: | ---: | --- |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 14,689,844 | $7.4B | 21.4% | reduced (-14%) |
| CAT | CATERPILLAR INC | 6,353,614 | $6.8B | 19.7% | held (0%) |
| CNI | CANADIAN NATL RY CO | 51,826,786 | $6.2B | 18.0% | held (0%) |
| WM | WASTE MGMT INC DEL | 26,720,744 | $6.0B | 17.3% | reduced (-3%) |
| DE | DEERE & CO | 3,557,378 | $2.3B | 6.6% | held (0%) |
| ECL | ECOLAB INC | 5,218,044 | $1.5B | 4.2% | held (0%) |
| WMT | WALMART INC | 8,390,477 | $950.3M | 2.8% | held (0%) |
| FDX | FEDEX CORP | 2,384,362 | $746.6M | 2.2% | reduced (-19%) |
| KOF | COCA-COLA FEMSA SAB DE CV | 6,214,719 | $660.3M | 1.9% | held (0%) |
| HD | HOME DEPOT INC | 1,000,000 | $352.7M | 1.0% | bought |
| WCN | WASTE CONNECTIONS INC | 2,039,175 | $339.9M | 1.0% | held (0%) |
| MSGS | MADISON SQUARE GRDN SPRT COR | 592,406 | $238.1M | 0.7% | held (0%) |
| FDXF | FEDEX FGHT HLDG CO INC | 1,192,181 | $180.0M | 0.5% | bought |
| CPNG | COUPANG INC | 9,248,045 | $160.6M | 0.5% | held (0%) |
| WST | WEST PHARMACEUTICAL SVSC INC | 444,500 | $159.6M | 0.5% | held (0%) |
| BUD | ANHEUSER BUSCH INBEV SA NV | 1,703,000 | $140.3M | 0.4% | held (0%) |
| PCAR | PACCAR INC | 1,000,000 | $120.1M | 0.3% | held (0%) |
| SDGR | SCHRODINGER INC | 6,981,664 | $113.5M | 0.3% | held (0%) |
| MCD | MCDONALDS CORP | 334,900 | $90.5M | 0.3% | held (0%) |
| DHR | DANAHER CORP DEL | 373,000 | $71.0M | 0.2% | held (0%) |
| KHC | KRAFT HEINZ CO | 2,472,600 | $58.4M | 0.2% | held (0%) |
| HRL | HORMEL FOODS CORP | 2,085,290 | $51.8M | 0.2% | held (0%) |
| ONON | ON HLDG AG | 500,000 | $17.7M | 0.1% | held (0%) |
| VLTO | VERALTO CORP | 124,333 | $11.0M | 0.0% | held (0%) |

## Largest moves this quarter

| Ticker | Issuer | Shares now | Shares before | Change | Bought / sold at reported prices | Value |
| --- | --- | ---: | ---: | --- | ---: | ---: |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 14,689,844 | 17,048,304 | reduced (-14%) | −$1.2B | $7.4B |
| HD | HOME DEPOT INC | 1,000,000 | 0 | bought | +$352.7M | $352.7M |
| WM | WASTE MGMT INC DEL | 26,720,744 | 27,642,344 | reduced (-3%) | −$205.4M | $6.0B |
| FDXF | FEDEX FGHT HLDG CO INC | 1,192,181 | 0 | bought | +$180.0M | $180.0M |
| FDX | FEDEX CORP | 2,384,362 | 2,958,993.242 | reduced (-19%) | −$179.9M | $746.6M |

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Source: https://sweetvaluelab.com/investors/gates (SweetValueLab, free, no account). Holdings from SEC Form 13F-HR filings; tickers resolved from CUSIPs. Values as reported by the filer. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.