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Gates Foundation Trust

Q1 2017 13F · by Michael Larson, CIO

As of
Mar 31, 2017
Filed
May 15, 2017
US stock
$18.9B · prev $19.0B
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 trimmed−2.57 pp trimmed−2.5756.9%
  2. WM Waste Management, Inc. held held7.2%
  3. CNI Canadian National Railway held held6.7%
  4. CAT Caterpillar Inc. held held5.5%
  5. WMT Walmart Inc. held held4.4%

Positions18 in this filing · 0 exited

BRK.BBERKSHIRE HATHAWAY Class B56.86%64,349,971$10.7Btrimmed−7%−2.57 pp16 q
WMWaste Management, Inc.7.20%18,633,672$1.4Bheld—16 q
CNICanadian National Railway6.71%17,126,874$1.3Bheld—16 q
CATCaterpillar Inc.5.54%11,260,857$1.0Bheld—16 q
WMTWalmart Inc.4.43%11,603,000$836Mheld—16 q
FDXFedEx Corporation3.13%3,024,999$590Mheld—16 q
ECLEcolab, Inc.2.90%4,366,426$547Mheld—16 q
CCICrown Castle Inc.2.67%5,332,900$504Mheld—10 q
UPSUnited Parcel Service, Inc. Class B2.57%4,525,329$486Mheld—10 q
KOFCoca-Cola FEMSA, S.A.B DE C.V2.36%6,214,719$446Mheld—16 q
TVGrupo Televisa S.A.2.32%16,879,104$438Mheld—16 q
WBAWalgreens Boots Alliance, Inc1.53%3,475,398$289Mheld—10 q
LBTYKLiberty Global Ltd. Class C0.68%3,639,349$128Mheld—16 q
ANAutoNation, Inc.0.43%1,898,717$80Mheld—16 q
LBTYALiberty Global Ltd. Class A0.40%2,119,515$76Mheld—16 q
ARCOArcos Dorados Holdings Inc.0.13%3,060,500$25Mheld—13 q
1LGEUSDLiberty Global PLC Lilac - C0.08%636,044$15Mheld—7 q
99998USDLiberty Global PLC Lilac - A0.04%370,424$8Mheld—7 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