We break down the stocks Bill Gates (Cascade Investment) bought, sold, and held in Q2 2024, including their holdings at the end of the quarter. All data sourced from Cascade Investment's 13F filed on August 14, 2024.
Who are Bill Gates and Gates Foundation Trust?
Cascade Investment is the private investment vehicle managing the personal wealth of Microsoft co-founder Bill Gates and the assets of the Bill & Melinda Gates Foundation. Established in 1995, the firm pursues a long-term value investing approach across diverse sectors including technology, energy, hospitality, and real estate. Michael Larsen, Cascade's CIO, applies a fundamental, long horizon investment approach across asset classes and geographies.
Cascadeassetmanagement.com
Wikipedia on Cascade Investment
Portfolio Changes in Q2 2024
New positions
Gates Foundation Trust did not establish any new positions during Q2 2024.
Bought
Gates Foundation Trust significantly increased its stake in Berkshire Hathaway (BRK-B), adding 7.3 million shares to bring the total position to 24.6 million shares worth over $10 billion, representing a 42% increase in share count.
Sold
Gates Foundation Trust completely liquidated its position in Carvana (CVNA), selling all 520,000 shares worth $45.7 million, and trimmed its Microsoft (MSFT) holding by 1.6 million shares while maintaining a substantial $15.6 billion position.
Holdings at the end of Q2 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| MSFT | Microsoft | 32.7% | Trimmed (-4%) | $15.59B |
| BRK-B | Berkshire Hathaway | 21.0% | Added (+42%) | $10.02B |
| WM | Waste Management | 15.8% | $7.52B | |
| CNI | Canadian National | 13.6% | $6.48B | |
| CAT | Caterpillar | 5.1% | $2.45B | |
| DE | Deere | 2.8% | $1.33B | |
| ECL | Ecolab | 2.6% | $1.24B | |
| WMT | Walmart | 1.3% | $615.52M | |
| KOF | Coca-cola femsa sab de cv | 1.1% | $533.47M | |
| FDX | FedEx | 1.0% | $460.06M | |
| WCN | Waste Connections | 0.8% | $376.88M | |
| CPNG | Coupang | 0.4% | $193.75M | |
| CCI | Crown Castle | 0.3% | $138.74M | |
| SDGR | Schrodinger | 0.3% | $135.03M | |
| MSGS | Madison Square Garden Sports | 0.2% | $111.45M | |
| UPS | UPS | 0.2% | $103.33M | |
| BUD | Anheuser-Busch InBev | 0.2% | $99.03M | |
| DHR | Danaher | 0.2% | $93.19M | |
| KHC | Kraft Heinz | 0.2% | $84.5M | |
| HRL | Hormel Foods | 0.1% | $66.93M | |
| ONON | ON | 0.0% | $19.4M | |
| VLTO | Veralto | 0.0% | $11.87M | |
| CVNA | Carvana | 0.0% | Exited | $0 |
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