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Gates Foundation Trust

Q3 2016 13F · by Michael Larson, CIO

As of
Sep 30, 2016
Filed
Nov 14, 2016
US stock
$18.5B · prev $16.8B
Positions
18 · 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%

Moves1 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 positions81% of US stock

  1. BRK.B BERKSHIRE HATHAWAY Class B added+2.79 pp added+2.7958.2%
  2. WM Waste Management, Inc. held held6.4%
  3. CNI Canadian National Railway held held6.1%
  4. CAT Caterpillar Inc. held held5.4%
  5. WMT Walmart Inc. held held4.5%

Positions18 in this filing · 0 exited

BRK.BBERKSHIRE HATHAWAY Class B58.21%74,349,971$10.7Badded+15%+2.79 pp14 q
WMWaste Management, Inc.6.44%18,633,672$1.2Bheld—14 q
CNICanadian National Railway6.07%17,126,874$1.1Bheld—14 q
CATCaterpillar Inc.5.42%11,260,857$1000Mheld—14 q
WMTWalmart Inc.4.53%11,603,000$837Mheld—14 q
ECLEcolab, Inc.2.88%4,366,426$531Mheld—14 q
FDXFedEx Corporation2.86%3,024,999$528Mheld—14 q
CCICrown Castle Inc.2.72%5,332,900$502Mheld—8 q
UPSUnited Parcel Service, Inc. Class B2.68%4,525,329$495Mheld—8 q
KOFCoca-Cola FEMSA, S.A.B DE C.V2.53%6,214,719$466Mheld—14 q
TVGrupo Televisa S.A.2.35%16,879,104$434Mheld—14 q
WBAWalgreens Boots Alliance, Inc1.52%3,475,398$280Mheld—8 q
LBTYKLiberty Global Ltd. Class C0.65%3,639,349$120Mheld—14 q
ANAutoNation, Inc.0.50%1,898,717$92Mheld—14 q
LBTYALiberty Global Ltd. Class A0.39%2,119,515$72Mheld—14 q
1LGEUSDLiberty Global PLC Lilac - C0.10%636,044$18Mheld—5 q
ARCOArcos Dorados Holdings Inc.0.09%3,060,500$16Mheld—11 q
99998USDLiberty Global PLC Lilac - A0.06%370,424$10Mheld—5 q

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