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Gates Foundation Trust

Q2 2014 13F · by Michael Larson, CIO

As of
Jun 30, 2014
Filed
Aug 14, 2014
US stock
$20.0B · prev $19.8B
Positions
20 · prev 20
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%

Moves2 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 positions70% of US stock

  1. BRK.B BERKSHIRE HATHAWAY Class B trimmed−2.95 pp trimmed−2.9545.7%
  2. KO Coca-Cola Company held held7.2%
  3. CAT Caterpillar Inc. held held6.1%
  4. CNI Canadian National Railway held held5.6%
  5. MCD McDonald's Corporation held held5.5%

Positions20 in this filing · 0 exited

BRK.BBERKSHIRE HATHAWAY Class B45.66%72,039,804$9.1Btrimmed−6%−2.95 pp5 q
KOCoca-Cola Company7.21%34,002,000$1.4Bheld—5 q
CATCaterpillar Inc.6.13%11,260,857$1.2Bheld—5 q
CNICanadian National Railway5.58%17,126,874$1.1Bheld—5 q
MCDMcDonald's Corporation5.48%10,872,500$1.1Bheld—5 q
WMTWalmart Inc.4.36%11,603,000$871Mheld—5 q
WMWaste Management, Inc.4.17%18,633,672$833Mheld—5 q
XOMExxon Mobil Corp4.11%8,143,858$820Mheld—5 q
KOFCoca-Cola FEMSA, S.A.B DE C.V3.54%6,214,719$706Mheld—5 q
TVGrupo Televisa S.A.2.90%16,879,103$579Mheld—5 q
ECLEcolab, Inc.2.43%4,366,425$486Mheld—5 q
FDXFedEx Corporation2.29%3,024,999$458Mheld—5 q
unresolvedCrwn Castle Int'l Corp.1.98%5,332,900$396Mheld—5 q
BPBP p.l.c.1.93%7,315,267$386Mheld—5 q
LBTYKLiberty Global Ltd. Class C0.75%3,532,529$149Mheld—5 q
ANAutoNation, Inc.0.57%1,898,716$113Mheld—5 q
LBTYALiberty Global Ltd. Class A0.47%2,119,515$94Mheld—5 q
RSGRepublic Services Inc.0.26%1,350,000$51Mheld—5 q
ARCOArcos Dorados Holdings Inc.0.17%3,060,500$34Mheld—2 q
THFGThai Fund Inc0.01%95,586$1Mtrimmed−65%0.00 pp2 q

Source

Form
13F-HR
Reading
0 defects · 1 unresolved
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet