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Q2 2026 holdings · 9 filings on record
Michael Larson
The Gates Foundation Trust holds and invests the endowment that finances the Gates Foundation's charitable work. Bill Gates is its trustee, while Cascade Asset Management Company manages the money through investment managers independent of the foundation's program staff. Its investments span public equities, government and corporate debt, private investments and other asset classes. The trust's job is to manage donated capital and provide funding for the foundation's activities as needed. Its stock portfolio therefore belongs to a charitable funding vehicle with spending obligations. It is separate from both Bill Gates's personal portfolio and the foundation's program-related investment decisions.
On June 30, 2026, Bill & Melinda Gates Foundation Trust held 24 positions in US-listed stocks worth $34.4 billion. The ten largest were 94.9% of it.
A 13F is a partial picture. Here is the part that is missing.
It lists long positions in US-listed stocks and options only. Not short positions, cash, ordinary bonds, anything listed only abroad, anything private, or anything bought and sold inside the quarter.
A quarterly SEC filing where large investment managers list the long positions in US-listed stocks and options they held at the end of the quarter. It is a snapshot, filed up to 45 days after that date.
Managers have 45 days after each quarter ends to file, and most of the funds we track file on the last permitted day. So the newest list still describes where the fund stood weeks ago, and the market has moved since.
How many equal-sized positions would be exactly this concentrated. Ten positions of the same size behave like 10. Ten positions where one holds most of the money behave like fewer than 2. It is 1 divided by the sum of each position’s squared share of the total.
Each line is one security as the manager filed it. Two share classes of one company, or a company’s stock and its convertible notes, are separate lines in the filing, and they stay separate here.
9 filings on record.
| Quarter ended | Reported to the SEC | Positions | Source |
|---|---|---|---|
| Jun 30, 2026 | Aug 14, 2026 | 24 | Open the SEC filing ↗ |
| Mar 31, 2026 | May 15, 2026 | 22 | Open the SEC filing ↗ |
| Dec 31, 2025 | Feb 17, 2026 | 23 | Open the SEC filing ↗ |
| Sep 30, 2025 | Nov 14, 2025 | 23 | Open the SEC filing ↗ |
| Jun 30, 2025 | Aug 14, 2025 | 25 | Open the SEC filing ↗ |
| Mar 31, 2025 | May 15, 2025 | 25 | Open the SEC filing ↗ |
| Dec 31, 2024 | Feb 14, 2025 | 24 | Open the SEC filing ↗ |
| Sep 30, 2024 | Nov 14, 2024 | 24 | Open the SEC filing ↗ |
| Jun 30, 2024 | Aug 14, 2024 | 23 | Open the SEC filing ↗ |
Where a manager later amended a filing, the date shown is the amendment’s. Every filing from this fund at the SEC ↗
⚠️ Public information, sourced from SEC 13F filings. A 13F shows long US-listed positions only; it cannot show shorts, cash, ordinary bonds, foreign lines, or anything bought and sold within the quarter. Values are the manager’s own quarter-end figures, filed up to 45 days later. Not financial advice.