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GATES FOUNDATION TRUSTtracked

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CIK 1166559

13F portfolio (2026-Q1)
$31.7B
Positions
22
Implied 1Y CAGR
+13.5%
modeled · as filed

Reported long US book (13F) · Δ vs 2025-Q4 · methodology

Implied return what this book implies methodology →

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As filed = each book applied at quarter-end (what it did) · As copyable = applied at the 45-day filing deadline (what a follower could have earned).

Computing…

Exposures · what it owns, by sector & size (2026-Q1)

Holdings
22
Top 5
83.2%
Top 10
96.5%
Effective N
6.1
HHI
0.164
This quarter
0 new · 0 exit →

By sector

Industrials: 61.6%Financials: 25.8%Consumer Staples: 5.9%Materials: 4.4%Consumer Discretionary: 0.9%Health Care: 0.8%Communication Services: 0.6%Sector
Industrials61.6%
Financials25.8%
Consumer Staples5.9%
Materials4.4%
Consumer Discretionary0.9%
Health Care0.8%
Communication Services0.6%

By market cap

Large ($10–200B): 53.5%Mega (>$200B): 43.3%Unknown: 2.3%Mid ($2–10B): 0.6%Small ($300M–2B): 0.3%Size
Large ($10–200B)53.5%
Mega (>$200B)43.3%
Unknown2.3%
Mid ($2–10B)0.6%
Small ($300M–2B)0.3%

By region

North America: 99.6%Europe: 0.4%Region
North America99.6%
Europe0.4%

By industry group GICS — finer than sector

Industry groupWeightNames
Unclassified25.80%1
Commercial Services & Supplies21.11%2
Machinery20.54%2
Road & Rail16.82%1
Chemicals4.44%2
Specialty Retail3.84%2
Airlines2.68%1
Beverages2.29%2
Entertainment0.60%1
Automobiles & Components0.36%1
Health Care Equipment & Supplies0.35%1
Hotels, Restaurants & Leisure0.33%1
Food Products0.32%2
Technology Hardware & Equipment0.26%2
Pharmaceuticals & Biotechnology0.25%1

Top holdings

#TickerNameSectorWeight
1BRK.BBERKSHIRE HATHAWAY INCFinancials25.80%
2WMWASTE MANAGEMENT INCIndustrials20.06%
3CNICANADIAN NATIONAL RAILWAY COIndustrials16.82%
4CATCATERPILLAR INCIndustrials14.22%
5DEDEERE & COIndustrials6.33%
6ECLECOLAB INC.Materials4.38%
7WMTWalmart Inc.Consumer Staples3.29%
8FDXFEDEX CORPIndustrials2.68%
9KOFCOCA COLA FEMSA SAB DE CVConsumer Staples1.91%
10WCNWaste Connections, Inc.Industrials1.05%

22/22 classified; unclassified names are still shown.

Sector allocation over time · how the sector mix & top names shifted each quarter

top 5 per sector, the rest → “Other” · 52 quarters
0%25%50%75%100%20132014201520162017201820192020202120222023202420252026BRK.BAFRMJPMAMPELVOther FinancialsWMCNICATFDXDEOther IndustrialsMSFTAAPLAVGOORCLNVDAOther Information TechnologyWMTKOFKOBUDPGOther Consumer StaplesECLONONAPDEMNCCIBXPAMTTVMSGSGOOGLGOOGLILAKOther Communication ServicesMCDCPNGANAMZNTMOther Consumer DiscretionaryXOMBPCVXSLBSDGRDHRWSTAMGNTMOOther Health CareLBTYWBACROWN CASTLE INTL CORPKANSAS CITY SOUTHERNCANADIAN PAC RY LTDOther Unclassified

Sector allocation over 52 reported quarters, 2013-Q2 to 2026-Q1, 59 bands (top holdings within each sector). Latest quarter 2026-Q1: BRK.B 25.8%, WM 20.1%, CNI 16.8%, CAT 14.2%, DE 6.3%. Use the arrow keys to read a quarter.

FinancialsBRK.B, AFRM, JPM, AMP, ELV · other
IndustrialsWM, CNI, CAT, FDX, DE · other
Information TechnologyMSFT, AAPL, AVGO, ORCL, NVDA · other
Consumer StaplesWMT, KOF, KO, BUD, PG · other
MaterialsECL, ONON, APD, EMN
Real EstateCCI, BXP, AMT
Communication ServicesTV, MSGS, GOOGL, GOOG, LILAK · other
Consumer DiscretionaryMCD, CPNG, AN, AMZN, TM · other
EnergyXOM, BP, CVX, SLB
Health CareSDGR, DHR, WST, AMGN, TMO · other
UnclassifiedLBTY, WBA, CROWN CASTLE INTL CORP, KANSAS CITY SOUTHERN, CANADIAN PAC RY LTD · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 100.0% of the book is classified (unclassified names are still shown).

Style box · size × value-growth placement (2026-Q1), classified on today's fundamentals (not point-in-time) — load into PORT to overlay your own book

ValueCore (blend)GrowthSmallMidLarge0.1%1%3%2%7%39%3%
holdings, colored by sector (16 classified)GATES FOUNDATION TRUST centroid (Large Core)
IndustrialsMaterialsConsumer StaplesConsumer DiscretionaryCommunication ServicesHealth Care

Style box summary for GATES FOUNDATION TRUST: centroid Large Core. Heaviest cells: Large Core 38.7%, Large Value 6.9%, Large Growth 3.3%.

Classified: 54.8% of book weight (16/22 names) · unclassified 45.2%.

Contribution holdings-based, any period

Attribution lands once this book has priced history across the window. Try a longer period.

Holdings· 22 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#SecuritySharesValueWeightΔ QoQ
1BRK.BBERKSHIRE HATHAWAY INC DEL17,048,304$8.2B25.8%TRIM −12%
2WMWASTE MGMT INC DEL27,642,344$6.4B20.1%TRIM −4%
3CNICANADIAN NATL RY CO51,826,786$5.3B16.8%HOLD
4CATCATERPILLAR INC6,353,614$4.5B14.2%HOLD
5DEDEERE & CO3,557,378$2.0B6.3%HOLD
6ECLECOLAB INC5,218,044$1.4B4.4%HOLD
7WMTWALMART INC8,390,477$1.0B3.3%HOLD
8FDXFEDEX CORP2,384,362$849M2.7%HOLD
9KOFCOCA-COLA FEMSA SAB DE CV6,214,719$606M1.9%HOLD
10WCNWASTE CONNECTIONS INC2,039,175$331M1.0%HOLD
11MSGSMADISON SQUARE GRDN SPRT COR592,406$190M0.6%HOLD
12CPNGCOUPANG INC9,248,045$175M0.6%HOLD
13BUDANHEUSER BUSCH INBEV SA/NV1,703,000$118M0.4%HOLD
14PCARPACCAR INC1,000,000$116M0.4%HOLD
15WSTWEST PHARMACEUTICAL SVSC INC444,500$111M0.4%HOLD
16MCDMCDONALDS CORP334,900$104M0.3%HOLD
17SDGRSCHRODINGER INC6,981,664$79M0.3%HOLD
18DHRDANAHER CORP DEL373,000$71M0.2%HOLD
19KHCKRAFT HEINZ CO2,472,600$56M0.2%HOLD
20HRLHORMEL FOODS CORP2,085,290$47M0.1%HOLD
21ONONON HLDG AG500,000$17M0.1%HOLD
22VLTOVERALTO CORP124,333$11M0.0%HOLD

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed
Security2024-Q42025-Q12025-Q22025-Q32025-Q42026-Q1Latest value
BRK.BBERKSHIRE HATHAWAY INC DEL19.7M17.2M24.1M21.8M19.4M17.0M$8.2B
WMWASTE MGMT INC DEL32.2M32.2M32.2M28.9M28.9M27.6M$6.4B
CNICANADIAN NATL RY CO54.8M54.8M54.8M51.8M51.8M51.8M$5.3B
CATCATERPILLAR INC7.4M7.4M7.4M6.4M6.4M6.4M$4.5B
DEDEERE & CO3.6M3.6M3.6M3.6M3.6M3.6M$2.0B
ECLECOLAB INC5.2M5.2M5.2M5.2M5.2M5.2M$1.4B
WMTWALMART INC9.1M9.1M9.1M8.4M8.4M8.4M$1.0B
FDXFEDEX CORP2.5M2.5M2.5M2.4M2.4M2.4M$849M
KOFCOCA-COLA FEMSA SAB DE CV6.2M6.2M6.2M6.2M6.2M6.2M$606M
WCNWASTE CONNECTIONS INC2.1M2.1M2.1M2.0M2.0M2.0M$331M
MSGSMADISON SQUARE GRDN SPRT COR592K592K592K592K592K592K$190M
CPNGCOUPANG INC9.2M9.2M9.2M9.2M9.2M9.2M$175M
BUDANHEUSER BUSCH INBEV SA/NV1.7M1.7M1.7M1.7M1.7M1.7M$118M
PCARPACCAR INC1.0M1.0M1.0M1.0M1.0M1.0M$116M
WSTWEST PHARMACEUTICAL SVSC INC—445K445K445K445K445K$111M

Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.

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Firm lineageForm ADV + cited

Where this firm's principals came from, and what its alumni went on to found.

family tree & personnel →
joins filed 13F data only — no style, strategy or performance similarity is claimed · 13F 2026-Q1
Similar managers — “Similar” = same top sector (Industrials) + closest 13F size, self excluded; NOT a style or performance match, and a filer whose real business is elsewhere (shorts, private, non-13F) can still surface.
Also hold BRK.B — other Section 13(f) filers reporting a long position in this book's largest tickered holding for 2026-Q1. Lagged quarterly filings (up to 45 days after quarter-end); “% of shares out” is omitted where the reported share count can't carry it.
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