Majority of Bill Gates Foundation’s Stock Portfolio Concentrated in Three Large-Cap Investments

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Key Points

  • The Gates Foundation, a philanthropic organization founded by Bill Gates and Melinda Gates, has donated approximately $8.5 billion since 2000, supporting 1,472 grantees.

  • As of the first quarter of 2023, the foundation’s endowment, managed by the Gates Foundation Trust, had over $31.6 billion in assets.

  • Notably, 63% of the trust’s portfolio is invested in three large-cap stocks: Berkshire Hathaway (26%), Waste Management (20%), and Canadian National Railway (17%).

Berkshire Hathaway, a diversified company led by legendary investor Warren Buffett, represents the largest portion of the Gates Foundation Trust’s investments. Waste Management is transitioning into renewable energy, while Canadian National Railway operates a significant rail network, generating $181 billion in goods transportation annually.

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