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Gates Foundation Trust

Q3 2013 13F · by Michael Larson, CIO

As of
Sep 30, 2013
Filed
Nov 14, 2013
US stock
$19.5B · prev $17.8B
Positions
22 · prev 21
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 100.0%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves3 since the prior filing

The book

Very concentrated · behaves like 4 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 0.0% a year

  1. Low
  2. Moderate
  3. High

Top 5 positions71% of US stock

  1. BRK.B BERKSHIRE HATHAWAY Class B added+3.85 pp added+3.8550.8%
  2. KO Coca-Cola Company held held6.6%
  3. MCD McDonald's Corporation held held4.9%
  4. CAT Caterpillar Inc. held held4.6%
  5. CNI Canadian National Railway held held4.5%

Positions22 in this filing · 0 exited

BRK.BBERKSHIRE HATHAWAY Class B50.75%87,039,804$9.9Badded+17%+3.85 pp2 q
KOCoca-Cola Company6.62%34,002,000$1.3Bheld—2 q
MCDMcDonald's Corporation4.88%9,872,500$950Mheld—2 q
CATCaterpillar Inc.4.61%10,760,857$897Mheld—2 q
CNICanadian National Railway4.46%8,563,437$868Mheld—2 q
WMTWalmart Inc.4.22%11,103,000$821Mheld—2 q
KOFCoca-Cola FEMSA, S.A.B DE C.V4.02%6,214,719$783Mheld—2 q
WMWaste Management, Inc.3.95%18,633,672$768Mheld—2 q
XOMExxon Mobil Corp3.38%7,643,858$658Mheld—2 q
TVGrupo Televisa S.A.2.42%16,879,103$472Mheld—2 q
ECLEcolab, Inc.2.22%4,366,425$431Mheld—2 q
unresolvedCrwn Castle Int'l Corp.2.00%5,332,900$389Mheld—2 q
FDXFedEx Corporation1.77%3,024,999$345Mheld—2 q
BPBP p.l.c.1.56%7,226,278$304Madded+1%−0.11 pp2 q
LBTYALiberty Global Ltd. Class A0.86%2,119,515$168Mheld—2 q
PGProcter & Gamble Company0.58%1,500,000$113Mheld—2 q
APDAir Products & Chemicals, Inc.0.53%963,279$103Mnew+0.53 ppnew
ANAutoNation, Inc.0.51%1,898,716$99Mheld—2 q
LBTYKLiberty Global Ltd. Class C0.27%706,507$53Mheld—2 q
RSGRepublic Services Inc.0.23%1,350,000$45Mheld—2 q
TMToyota Motor Corporation0.10%153,300$20Mheld—2 q
unresolvedDiamond Foods Inc0.05%441,163$10Mheld—2 q

Source

Form
13F-HR
Reading
0 defects · 2 unresolved
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet