GATES FOUNDATION TRUST
SEC Form 13F institutional filer · CIK 0001166559
13F-HR · 15 reported holdings · 2026-03-31
Foundation trust managing endowment assets.
Reported long-US-equity value
$25.43B
Top-10 concentration
98.9%
GATES FOUNDATION TRUST — $25.4B AUM allocation strategy
GATES FOUNDATION TRUST files SEC Form 13F and reports $25.4B of long US equity value across 15 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 54.4%, followed by Financials 32.1% and Consumer Staples 6.9%.
The top 10 holdings account for 99% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
GATES FOUNDATION TRUST — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$25.4B
total across 15 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
99% of value
higher = narrower conviction; lower = spread / hedging
Added from nil (new positions)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Sector Holdings32.1%—
- Environmental & Facilities Services25.0%—
- Construction Machinery & Heavy Transportation Equipment18.2%—
- Agricultural & Farm Machinery7.9%—
- Specialty Chemicals5.5%—
- Consumer Staples Merchandise Retail4.1%—
- Air Freight & Logistics3.3%—
- Soft Drinks & Non-alcoholic Beverages2.4%—
- Other holdings1.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 17M | $8.17B | -2.36M | 32.1% |
| $WM | Waste Management Inc | 27.6M | $6.35B | -1.29M | 25.0% |
| $CAT | Caterpillar Inc | 6.35M | $4.5B | +0 | 17.7% |
| $DE | Deere & Company | 3.56M | $2B | +0 | 7.9% |
| $ECL | Ecolab Inc | 5.22M | $1.39B | +0 | 5.5% |
| $WMT | Walmart Inc | 8.39M | $1.04B | +0 | 4.1% |
| $FDX | FedEx Corporation | 2.38M | $849M | +0 | 3.3% |
| $KO | Coca-Cola Company | 6.21M | $606M | +0 | 2.4% |
| $PCAR | PACCAR Inc | 1M | $116M | +0 | 0.5% |
| $WST | West Pharmaceutical Services Inc | 445K | $111M | +0 | 0.4% |
…and 5 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.