Bill Gates - Bill & Melinda Gates Foundation Trust 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Nov 14, 2025, the Bill & Melinda Gates Foundation Trust portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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:

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date Symbol Type Change Qty
Q3 2025
BRK-B
Berkshire Hathaway Inc. New
Sell
-2,358,460
Q3 2025
CAT
Caterpillar, Inc.
Sell
-1,000,000
Q3 2025
CCI
Crown Castle Inc.
Sell - Position Exit
-1,420,072
Q3 2025
CNI
Canadian National Railway Compa
Sell
-3,000,000
Q3 2025
FDX
FedEx Corporation
Sell
-150,000
Q3 2025
HRL
Hormel Foods Corporation
Sell
-110,000
Q3 2025
KHC
The Kraft Heinz Company
Sell
-150,000
Q3 2025
MSFT
Microsoft Corporation
Sell
-17,000,000
Q3 2025
UPS
United Parcel Service, Inc.
Sell - Position Exit
-755,089
Q3 2025
WCN
Waste Connections, Inc.
Sell
-110,000
Q3 2025
WM
Waste Management, Inc.
Sell
-3,300,000
Q3 2025
WMT
Walmart Inc.
Sell
-700,000