GATES FOUNDATION TRUST Long-Term Concentrated

Location: Kirkland, WA

CIK: 0001166559 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $35.36B (100.0% shares, 0.0% debt)

Holdings (23)

BRK/B BERKSHIRE HATHAWAY INC DEL 27.6%

Value $9.755B Shares 19,406,764 Est. Cost $346.34 Unrealized +43.7%

WM WASTE MGMT INC DEL 18.0%

Value $6.357B Shares 28,934,344 Est. Cost $90.00 Unrealized +136.2%

CNI CANADIAN NATL RY CO 14.5%

Value $5.123B Shares 51,826,786 Est. Cost $98.32 Unrealized -2.2%

MSFT MICROSOFT CORP 10.5%

Value $3.72B Shares 7,691,207 Est. Cost $257.45 Unrealized +94.4%

CAT CATERPILLAR INC 10.3%

Value $3.64B Shares 6,353,614 Est. Cost $61.60 Unrealized +801.7%

DE DEERE & CO 4.7%

Value $1.656B Shares 3,557,378 Est. Cost $329.47 Unrealized +42.0%

ECL ECOLAB INC 3.9%

Value $1.37B Shares 5,218,044 Est. Cost $86.00 Unrealized +209.0%

WMT WALMART INC 2.6%

Value $935M Shares 8,390,477 Est. Cost $44.03 Unrealized +143.5%

FDX FEDEX CORP 1.9%

Value $689M Shares 2,384,362 Est. Cost $205.49 Unrealized +27.3%

KOF COCA-COLA FEMSA SAB DE CV 1.7%

Value $589M Shares 6,214,719 Est. Cost $140.29 Unrealized —

WCN WASTE CONNECTIONS INC 1.0%

Value $358M Shares 2,039,175 Est. Cost $133.39 Unrealized +29.6%

CPNG COUPANG INC 0.6%

Value $218M Shares 9,248,045 Est. Cost $35.17 Unrealized -19.1%

MSGS MADISON SQUARE GRDN SPRT COR 0.4%

Value $153M Shares 592,406 Est. Cost $166.43 Unrealized +36.8%

SDGR SCHRODINGER INC 0.4%

Value $125M Shares 6,981,664 Est. Cost $44.95 Unrealized -57.8%

WST WEST PHARMACEUTICAL SVSC INC 0.3%

Value $122M Shares 444,500 Est. Cost $274.80 Unrealized -0.5%

PCAR PACCAR INC 0.3%

Value $110M Shares 1,000,000 Est. Cost $92.23 Unrealized +9.7%

BUD ANHEUSER BUSCH INBEV SA/NV 0.3%

Value $109M Shares 1,703,000 Est. Cost $56.72 Unrealized —

MCD MCDONALDS CORP 0.3%

Value $102M Shares 334,900 Est. Cost $290.22 Unrealized +5.1%

DHR DANAHER CORPORATION 0.2%

Value $85.39M Shares 373,000 Est. Cost $228.13 Unrealized -3.8%

KHC KRAFT HEINZ CO 0.2%

Value $59.96M Shares 2,472,600 Est. Cost $31.47 Unrealized -21.7%

HRL HORMEL FOODS CORP 0.1%

Value $49.42M Shares 2,085,290 Est. Cost $41.90 Unrealized -44.4%

ONON ON HLDG AG 0.1%

Value $23.24M Shares 500,000 Est. Cost $35.13 Unrealized +22.6%

VLTO VERALTO CORP 0.0%

Value $12.41M Shares 124,333 Est. Cost $73.75 Unrealized +37.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	19,406,764	$9.755B	27.6%	$346.34	+43.7%	CL B NEW	084670702
WM	WASTE MGMT INC DEL	28,934,344	$6.357B	18.0%	$90.00	+136.2%	COM	94106L109
CNI	CANADIAN NATL RY CO	51,826,786	$5.123B	14.5%	$98.32	-2.2%	COM	136375102
MSFT	MICROSOFT CORP	7,691,207	$3.72B	10.5%	$257.45	+94.4%	COM	594918104
CAT	CATERPILLAR INC	6,353,614	$3.64B	10.3%	$61.60	+801.7%	COM	149123101
DE	DEERE & CO	3,557,378	$1.656B	4.7%	$329.47	+42.0%	COM	244199105
ECL	ECOLAB INC	5,218,044	$1.37B	3.9%	$86.00	+209.0%	COM	278865100
WMT	WALMART INC	8,390,477	$935M	2.6%	$44.03	+143.5%	COM	931142103
FDX	FEDEX CORP	2,384,362	$689M	1.9%	$205.49	+27.3%	COM	31428X106
KOF	COCA-COLA FEMSA SAB DE CV	6,214,719	$589M	1.7%	$140.29	—	SPONS ADS REP	191241108
WCN	WASTE CONNECTIONS INC	2,039,175	$358M	1.0%	$133.39	+29.6%	COM	94106B101
CPNG	COUPANG INC	9,248,045	$218M	0.6%	$35.17	-19.1%	CL A	22266T109
MSGS	MADISON SQUARE GRDN SPRT COR	592,406	$153M	0.4%	$166.43	+36.8%	CL A	55825T103
SDGR	SCHRODINGER INC	6,981,664	$125M	0.4%	$44.95	-57.8%	COM	80810D103
WST	WEST PHARMACEUTICAL SVSC INC	444,500	$122M	0.3%	$274.80	-0.5%	COM	955306105
PCAR	PACCAR INC	1,000,000	$110M	0.3%	$92.23	+9.7%	COM	693718108
BUD	ANHEUSER BUSCH INBEV SA/NV	1,703,000	$109M	0.3%	$56.72	—	SPONSORED ADR	03524A108
MCD	MCDONALDS CORP	334,900	$102M	0.3%	$290.22	+5.1%	COM	580135101
DHR	DANAHER CORPORATION	373,000	$85.39M	0.2%	$228.13	-3.8%	COM	235851102
KHC	KRAFT HEINZ CO	2,472,600	$59.96M	0.2%	$31.47	-21.7%	COM	500754106
HRL	HORMEL FOODS CORP	2,085,290	$49.42M	0.1%	$41.90	-44.4%	COM	440452100
ONON	ON HLDG AG	500,000	$23.24M	0.1%	$35.13	+22.6%	NAMEN AKT A	H5919C104
VLTO	VERALTO CORP	124,333	$12.41M	0.0%	$73.75	+37.0%	COM SHS	92338C103