Great investors · Bill Gates · Q3 2024
What Bill Gates bought and sold in Q3 2024
Gates Foundation Trust 13F portfolio as of Sep 30, 2024: 24 positions worth $45.1 bn. Largest: MSFT, BRK/B, WM, CNI. Filed with the SEC on Nov 14, 2024.
The 13F is filed by Gates Foundation Trust, not by Bill Gates personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- IncreasedFedExFDX+0.6 pp
Sells in Q3 2024
- ReducedMicrosoftMSFT−5.4 pp
- ReducedBerkshire HathawayBRK/B−2.4 pp
- ReducedWaste ManagementWM−1.3 pp
4 companies with material moves, out of 5 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Gates Foundation Trust's Q3 2024 13F lists 24 lines of US-listed securities worth $45.1 bn; the largest is MSFT at 27.6% of the portfolio. It was accepted by the SEC on Nov 14, 2024 at 4:27 PM ET.
Against the previous quarter, it opened 1 position (PCAR), closed none, added to 1 (FDX) and trimmed 3 (MSFT, BRK/B and WM). 19 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Microsoft MSFT | 29.0 M | $12.5 bn | 27.6% | −17% |
| 2 | Berkshire Hathaway BRK/B | 22.1 M | $10.2 bn | 22.6% | −10% |
| 3 | Waste Management WM | 32.2 M | $6.7 bn | 14.8% | −8.5% |
| 4 | Canadian National Railway CNI | 54.8 M | $6.4 bn | 14.2% | no change |
| 5 | Caterpillar CAT | 7.4 M | $2.9 bn | 6.38% | no change |
| 6 | Deere DE | 3.6 M | $1.5 bn | 3.29% | no change |
| 7 | Ecolab ECL | 5.2 M | $1.3 bn | 2.95% | no change |
| 8 | Walmart WMT | 9.1 M | $734M | 1.63% | no change |
| 9 | FedEx FDX | 2.5 M | $694M | 1.54% | +65% |
| 10 | Coca Cola Femsa SAB De CV KOF | 6.2 M | $551M | 1.22% | no change |
| 11 | Waste Connections WCN | 2.1 M | $384M | 0.85% | no change |
| 12 | Coupang CPNG | 9.2 M | $227M | 0.50% | no change |
| 13 | Crown Castle CCI | 1.4 M | $168M | 0.37% | no change |
| 14 | Schrodinger SDGR | 7.0 M | $130M | 0.29% | no change |
| 15 | Madison Square Grdn Sprt COR MSGS | 592,406 | $123M | 0.27% | no change |
| 16 | Anheuser-Busch InBev BUD | 1.7 M | $113M | 0.25% | no change |
| 17 | Danaher DHR | 373,000 | $104M | 0.23% | no change |
| 18 | United Parcel Service UPS | 755,089 | $103M | 0.23% | no change |
| 19 | Paccar PCAR | 1.0 M | $98.7M | 0.22% | new |
| 20 | Kraft Heinz KHC | 2.6 M | $92.1M | 0.20% | no change |
| 21 | Hormel Foods HRL | 2.2 M | $69.6M | 0.15% | no change |
| 22 | On Holding ONON | 500,000 | $25.1M | 0.06% | no change |
| 23 | Veralto VLTO | 124,333 | $13.9M | 0.03% | no change |
| 24 | Vroom VRM | 31,250 | $293K | 0.00% | no change |
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Gates Foundation Trust's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.