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Gates Foundation Trust

Q2 2015 13F · by Michael Larson, CIO

As of
Jun 30, 2015
Filed
Aug 14, 2015
US stock
$17.0B · prev $18.6B
Positions
17 · prev 18
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 3 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 positions76% of US stock

  1. BRK.B BERKSHIRE HATHAWAY Class B trimmed−2.15 pp trimmed−2.1554.9%
  2. CNI Canadian National Railway held held5.8%
  3. CAT Caterpillar Inc. held held5.6%
  4. WM Waste Management, Inc. held held5.1%
  5. WMT Walmart Inc. held held4.8%

Positions17 in this filing · 1 exited

BRK.BBERKSHIRE HATHAWAY Class B54.87%68,625,314$9.3Btrimmed−7%−2.15 pp9 q
CNICanadian National Railway5.81%17,126,874$989Mheld—9 q
CATCaterpillar Inc.5.61%11,260,857$955Mheld—9 q
WMWaste Management, Inc.5.07%18,633,672$864Mheld—9 q
WMTWalmart Inc.4.83%11,603,000$823Mheld—9 q
TVGrupo Televisa S.A.3.85%16,879,103$655Mheld—9 q
FDXFedEx Corporation3.03%3,024,999$515Mheld—9 q
KOFCoca-Cola FEMSA, S.A.B DE C.V2.90%6,214,719$494Mheld—9 q
ECLEcolab, Inc.2.90%4,366,425$494Mheld—9 q
UPSUnited Parcel Service, Inc. Class B2.58%4,525,329$439Mheld—3 q
CCICrown Castle Inc.2.52%5,332,900$428Mheld—3 q
BPBP p.l.c.1.76%7,509,796$300Mtrimmed0%+0.21 pp9 q
WBAWalgreens Boots Alliance, Inc1.72%3,475,398$293Mheld—3 q
LBTYKLiberty Global Ltd. Class C1.08%3,639,349$184Mheld—9 q
ANAutoNation, Inc.0.70%1,898,716$120Mheld—9 q
LBTYALiberty Global Ltd. Class A0.67%2,119,515$115Mheld—9 q
ARCOArcos Dorados Holdings Inc.0.09%3,060,500$16Mheld—6 q
RSGRepublic Services Inc.—−1,350,000—exited−0.29 pp—

Source

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