Bill Gates – Bill & Melinda Gates Foundation Trust Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Bill & Melinda Gates Foundation Trust portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q3 2025, the filing reported:
New Buys –
None reported
Increases –
None reported
Reductions – Berkshire Hathaway Inc. New, Caterpillar, Inc., Canadian National Railway Compa, FedEx Corporation, Hormel Foods Corporation, and 5 more
Complete Exits – Crown Castle Inc., United Parcel Service, Inc.
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q3 2025 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -2,358,460 | -9.8% | $10.94B | 21,765,224 |
Q3 2025 | CAT Caterpillar, Inc. | Caterpillar, Inc. | Sell | -1,000,000 | -13.6% | $3.03B | 6,353,614 |
Q3 2025 | CCI Crown Castle Inc. | Crown Castle Inc. | Sell - Position Exit | -1,420,072 | -100.0% | $0.00 | - |
Q3 2025 | CNI Canadian National Railway Compa | Canadian National Railway Compa | Sell | -3,000,000 | -5.5% | $4.89B | 51,826,786 |
Q3 2025 | FDX FedEx Corporation | FedEx Corporation | Sell | -150,000 | -5.9% | $562.26M | 2,384,362 |
Q3 2025 | HRL Hormel Foods Corporation | Hormel Foods Corporation | Sell | -110,000 | -5.0% | $51.59M | 2,085,290 |
Q3 2025 | KHC The Kraft Heinz Company | The Kraft Heinz Company | Sell | -150,000 | -5.7% | $64.39M | 2,472,600 |
Q3 2025 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -17,000,000 | -64.9% | $4.76B | 9,191,207 |
Q3 2025 | UPS United Parcel Service, Inc. | United Parcel Service, Inc. | Sell - Position Exit | -755,089 | -100.0% | $0.00 | - |
Q3 2025 | WCN Waste Connections, Inc. | Waste Connections, Inc. | Sell | -110,000 | -5.1% | $358.49M | 2,039,175 |
Q3 2025 | WM Waste Management, Inc. | Waste Management, Inc. | Sell | -3,300,000 | -10.2% | $6.39B | 28,934,344 |
Q3 2025 | WMT Walmart Inc. | Walmart Inc. | Sell | -700,000 | -7.7% | $864.72M | 8,390,477 |
Q2 2025 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Buy | +6,951,249 | +40.5% | $11.72B | 24,123,684 |
Q2 2025 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -2,266,040 | -8.0% | $13.03B | 26,191,207 |
Q1 2025 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -2,482,589 | -12.6% | $9.15B | 17,172,435 |
Q1 2025 | WST West Pharmaceutical Services, I | West Pharmaceutical Services, I | Buy - Position Entry | +444,500 | - | $99.51M | 444,500 |
Q4 2024 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -2,482,589 | -11.2% | $8.91B | 19,655,024 |
Q4 2024 | MCD McDonald's Corporation | McDonald's Corporation | Buy - Position Entry | +334,900 | - | $97.08M | 334,900 |
Q4 2024 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -500,000 | -1.7% | $11.99B | 28,457,247 |
Q4 2024 | VRM Vroom, Inc. | Vroom, Inc. | Sell - Position Exit | -31,250 | -100.0% | $0.00 | - |
Q3 2024 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -2,482,589 | -10.1% | $10.19B | 22,137,613 |
Q3 2024 | FDX FedEx Corporation | FedEx Corporation | Buy | +1,000,000 | +65.2% | $693.60M | 2,534,362 |
Q3 2024 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -5,932,350 | -17.0% | $12.46B | 28,957,247 |
Q3 2024 | PCAR PACCAR Inc. | PACCAR Inc. | Buy - Position Entry | +1,000,000 | - | $98.68M | 1,000,000 |
Q3 2024 | WM Waste Management, Inc. | Waste Management, Inc. | Sell | -3,000,000 | -8.5% | $6.69B | 32,234,344 |
Q2 2024 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Buy | +7,317,105 | +42.3% | $10.02B | 24,620,202 |
Q2 2024 | CVNA Carvana Co. | Carvana Co. | Sell - Position Exit | -520,000 | -100.0% | $0.00 | - |
Q2 2024 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -1,610,000 | -4.4% | $15.59B | 34,889,597 |
Q1 2024 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -2,613,252 | -13.1% | $7.28B | 17,303,097 |
Q1 2024 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -1,711,272 | -4.5% | $15.36B | 36,499,597 |