Gates Foundation Trust

Bill & Melinda Gates Foundation Trust

Trust / SovereignAUM $31.67BPositions 22Q1 2026

🏆 Clone Portfolio Track Record

Rank #47 of 69 by 3-year alpha vs SPY · mechanically replicating this book, rebalanced at filing dates

A strong clone record is a track record, not a forecast — tested across a decade it doesn't reliably repeat. See what actually holds up →

Analyst Take · Q1 2026

AI

The Gates Foundation Trust made its most symbolic move in years: fully exiting Microsoft, the position the trust was built on. What remains is a 22-position, 96%-top-10 book anchored by BRK/B (25.8%, itself trimmed 12%), Waste Management, CNI, CAT and Deere — essentially a Buffett-style infrastructure portfolio now without its founder's stock.

Generated quarterly from the filing data itself — holdings, changes, sector mix and clone-performance rank. Not investment advice.

The Gates Foundation Trust manages the endowment funding the world's largest private charitable foundation. Its portfolio is famously concentrated — historically dominated by Microsoft and Berkshire Hathaway (the latter from Warren Buffett's annual stock gifts), managed by Michael Larson's Cascade team.