Bill & Melinda Gates Foundation Trust's Portfolio Focus on High-Impact Investments

Portfolio Highlights from Bill & Melinda Gates Foundation Trust

The portfolio, valued at $8.36 billion as of March 31, 2025, showcases a strategic focus on high-impact investments across various sectors.

• Technology Sector Dominance (25.55%): Microsoft Corporation (MSFT) holds the largest allocation at $21.37 billion, reflecting a strong presence in the tech industry.
• Financial Services Leadership (21.88%): Berkshire Hathaway Inc. (BRK-B) is the second-largest holder with $18.29 billion, underscoring growth in financial services.
• Scattered Allocation Across Sectors: The portfolio diversifies across sectors including Industrials, Consumer Defensive, and Basic Materials, with allocations of 17.85%, 12.78%, and 3.99% respectively.

Notable investments include Microsoft's $21.37 billion allocation in the Technology sector, marking a significant portion of the portfolio. Berkshire Hathaway Inc. follows with its $18.29 billion stake, highlighting growth in Financial Services.

Major Holdings and Performance Highlights

• Microsoft Corporation (MSFT): The largest holding at $21.37 billion, representing 25.55% of the portfolio. Shares increased by 28.46%, with a value rise of $2.85 billion.
• Berkshire Hathaway Inc. (BRK-B): Second-largest at $18.29 billion, accounting for 21.88%. A substantial increase of $3.74 billion in shares and a value rise of $6.50 billion.
• Waste Management Inc. (WM): Third-largest with $14.93 billion, contributing 17.85% to the portfolio. A significant increase of $2.62 billion in shares and a value rise of $3.09 billion.
• Other Key Investments: The portfolio also includes notable allocations in Canadian National Railway (CNI), Caterpillar (CAT), Deere & Company (DE), Ecolab Inc. (ECL), and Walmart Inc. (WMT), each contributing smaller percentages but significant in their respective sectors.

Investment Strategy: The portfolio demonstrates a balanced approach, with a focus on high-growth sectors like Technology and Financial Services while maintaining diversified exposure across various industries. Significant allocations to Microsoft, Berkshire Hathaway, and Waste Management highlight strategic positioning in key companies driving growth.

Performance Trends

• Berkshire Hathaway (BRK-B): The largest increase at 74.74%, with a value rise of $6.50 billion, indicating strong recent performance.
• Microsoft (MSFT): A moderate increase of 100%, reflecting stability in the Technology sector.
• Other Sectors: The portfolio shows consistent growth across all sectors, with notable increases in Basic Materials and Consumer Defensive sectors.

Overall, the portfolio reflects a strategic approach to investing, balancing high-impact companies while maintaining diversification across key sectors for sustained growth potential.