Great investors · Bill Gates · Q1 2025
What Bill Gates bought and sold in Q1 2025
Gates Foundation Trust 13F portfolio as of Mar 31, 2025: 25 positions worth $41.8 bn. Largest: MSFT, BRK/B, WM, CNI. Filed with the SEC on May 15, 2025.
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 Q1 2025
No purchase of 0.5 points of the portfolio or more this quarter.
Sells in Q1 2025
- ReducedBerkshire HathawayBRK/B−3.1 pp
1 company with a material move, out of 2 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 Q1 2025 13F lists 25 lines of US-listed securities worth $41.8 bn; the largest is MSFT at 25.6% of the portfolio. It was accepted by the SEC on May 15, 2025 at 4:16 PM ET.
Against the previous quarter, it opened 1 position (WST), closed none, added to none and trimmed 1 (BRK/B). 23 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Microsoft MSFT | 28.5 M | $10.7 bn | 25.6% | no change |
| 2 | Berkshire Hathaway BRK/B | 17.2 M | $9.1 bn | 21.9% | −13% |
| 3 | Waste Management WM | 32.2 M | $7.5 bn | 17.9% | no change |
| 4 | Canadian National Railway CNI | 54.8 M | $5.3 bn | 12.8% | no change |
| 5 | Caterpillar CAT | 7.4 M | $2.4 bn | 5.80% | no change |
| 6 | Deere DE | 3.6 M | $1.7 bn | 3.99% | no change |
| 7 | Ecolab ECL | 5.2 M | $1.3 bn | 3.16% | no change |
| 8 | Walmart WMT | 9.1 M | $798M | 1.91% | no change |
| 9 | FedEx FDX | 2.5 M | $618M | 1.48% | no change |
| 10 | Coca Cola Femsa SAB De CV KOF | 6.2 M | $567M | 1.36% | no change |
| 11 | Waste Connections WCN | 2.1 M | $419M | 1.00% | no change |
| 12 | Coupang CPNG | 9.2 M | $203M | 0.49% | no change |
| 13 | Crown Castle CCI | 1.4 M | $148M | 0.35% | no change |
| 14 | Schrodinger SDGR | 7.0 M | $138M | 0.33% | no change |
| 15 | Madison Square Grdn Sprt COR MSGS | 592,406 | $115M | 0.28% | no change |
| 16 | Anheuser-Busch InBev BUD | 1.7 M | $105M | 0.25% | no change |
| 17 | McDONALD’S MCD | 334,900 | $105M | 0.25% | no change |
| 18 | West Pharmaceutical Services WST | 444,500 | $99.5M | 0.24% | new |
| 19 | Paccar PCAR | 1.0 M | $97.4M | 0.23% | no change |
| 20 | United Parcel Service UPS | 755,089 | $83.1M | 0.20% | no change |
| 21 | Kraft Heinz KHC | 2.6 M | $79.8M | 0.19% | no change |
| 22 | Danaher DHR | 373,000 | $76.5M | 0.18% | no change |
| 23 | Hormel Foods HRL | 2.2 M | $67.9M | 0.16% | no change |
| 24 | On Holding ONON | 500,000 | $22.0M | 0.05% | no change |
| 25 | Veralto VLTO | 124,333 | $12.1M | 0.03% | 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.