Key Points
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The Gates Foundation Trust maintains a concentrated equity portfolio of 24 stocks valued at $34.4 billion.
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As of June 30, the foundation’s largest holding is Berkshire Hathaway, valued at $7.4 billion, followed by industrial stocks including Caterpillar and Canadian National Railway.
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Notably, Caterpillar shares have risen 44% this year, contributing to the foundation’s strategy of focusing on industrial and consumer sectors over tech.
The Foundation’s Investment Strategy
Under the stewardship of Bill Gates, the Gates Foundation Trust has opted largely against technology stocks, instead investing in companies with reliable dividends and solid growth prospects. The foundation’s top holdings reflect this strategy, with Berkshire Hathaway at the forefront, accounting for $7.4 billion. Other key investments in the industrial sector include Caterpillar, valued at $2.3 to $6.8 billion, and consumer giants like Walmart and Home Depot.
Caterpillar has gained considerable traction in the market, celebrating its 100th anniversary while achieving a 24% year-over-year revenue increase to $20.5 billion in Q2. Moreover, it recently raised its dividend by 8%, exemplifying the foundation’s focus on stable, dividend-yielding stocks.
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