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Bill & Melinda Gates Foundation Trust

Bill & Melinda Gates Foundation Trust · 12 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 23 priced positions, -0.02% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.

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2026-02-172026-05-15

23 of 23 priced100.00% coverage
-0.02%
Holdings from Q4 2025 disclosure · accession 0001104659-26-016458 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BRK-B19,406,764$503.41$482.70$9.77B$9.37B-4.11%27.59%-1.1 bps1
WM28,934,344$235.22$219.82$6.81B$6.36B-6.55%17.98%-1.2 bps1
CNI51,826,786$108.47$111.79$5.62B$5.79B+3.06%14.49%+0.4 bps1
MSFT7,691,207$396.86$421.92$3.05B$3.25B+6.31%10.52%+0.7 bps1
CAT6,353,614$764.76$888.31$4.86B$5.64B+16.16%10.29%+1.7 bps1
DE3,557,378$600.84$561.83$2.14B$2B-6.49%4.68%-0.3 bps1
ECL5,218,044$303.80$247.62$1.59B$1.29B-18.49%3.87%-0.7 bps1
WMT8,390,477$128.85$131.45$1.08B$1.1B+2.02%2.64%+0.1 bps1
FDX2,384,362$302.42$375.78$721.07M$896M+24.26%1.95%+0.5 bps1
KOF6,214,719$112.75$104.35$700.71M$648.51M-7.45%1.66%-0.1 bps1
WCN2,039,175$161.28$156.61$328.88M$319.36M-2.90%1.01%-0.0 bps1
CPNG9,248,045$17.43$16.12$161.19M$149.08M-7.52%0.62%-0.0 bps1
MSGS592,406$293.78$351.54$174.04M$208.25M+19.66%0.43%+0.1 bps1
SDGR6,981,664$11.63$11.95$81.2M$83.43M+2.75%0.35%+0.0 bps1
WST444,500$243.19$302.89$108.1M$134.63M+24.55%0.35%+0.1 bps1
PCAR1,000,000$126.52$110.32$126.52M$110.32M-12.80%0.31%-0.0 bps1
BUD1,703,000$79.29$80.92$135.03M$137.81M+2.06%0.31%+0.0 bps1
MCD334,900$327.62$276.39$109.72M$92.56M-15.64%0.29%-0.0 bps1
DHR373,000$206.36$161.91$76.97M$60.39M-21.54%0.24%-0.1 bps1
KHC2,472,600$23.78$22.92$58.8M$56.67M-3.62%0.17%-0.0 bps1
HRL2,085,290$23.44$19.74$48.88M$41.16M-15.79%0.14%-0.0 bps1
ONON500,000$46.66$37.26$23.33M$18.63M-20.15%0.07%-0.0 bps1
VLTO124,333$92.20$84.83$11.46M$10.55M-7.99%0.04%-0.0 bps1
Top 5 (by entry value)(5)$30.11B$30.41B+1.00%
Total(23)$37.78B$37.77B-0.02%

2025-11-142026-02-17

23 of 23 priced100.00% coverage
+7.53%
Holdings from Q3 2025 disclosure · accession 0001104659-25-112544 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BRK-B21,765,224$508.94$503.41$11.08B$10.96B-1.09%29.91%-0.3 bps1
WM28,934,344$209.17$235.22$6.05B$6.81B+12.45%17.47%+2.2 bps1
CNI51,826,786$96.15$108.47$4.98B$5.62B+12.81%13.36%+1.7 bps1
MSFT9,191,207$510.18$396.86$4.69B$3.65B-22.21%13.01%-2.9 bps1
CAT6,353,614$554.03$764.76$3.52B$4.86B+38.04%8.29%+3.2 bps1
DE3,557,378$476.23$600.84$1.69B$2.14B+26.17%4.45%+1.2 bps1
ECL5,218,044$258.58$303.80$1.35B$1.59B+17.49%3.91%+0.7 bps1
WMT8,390,477$102.48$128.85$859.86M$1.08B+25.73%2.36%+0.6 bps1
FDX2,384,362$215.60$302.42$514.07M$721.07M+40.27%1.54%+0.6 bps1
KOF6,214,719$87.97$112.75$546.71M$700.71M+28.17%1.41%+0.4 bps1
WCN2,039,175$168.63$161.28$343.87M$328.88M-4.36%0.98%-0.0 bps1
CPNG9,248,045$28.22$17.43$260.98M$161.19M-38.24%0.81%-0.3 bps1
SDGR6,981,664$17.64$11.63$123.16M$81.2M-34.07%0.38%-0.1 bps1
MSGS592,406$215.95$293.78$127.93M$174.04M+36.04%0.37%+0.1 bps1
WST444,500$261.36$243.19$116.17M$108.1M-6.95%0.32%-0.0 bps1
MCD334,900$307.03$327.62$102.82M$109.72M+6.71%0.28%+0.0 bps1
BUD1,703,000$63.83$79.29$108.7M$135.03M+24.22%0.28%+0.1 bps1
PCAR1,000,000$95.59$126.52$95.59M$126.52M+32.36%0.27%+0.1 bps1
DHR373,000$221.21$206.36$82.51M$76.97M-6.71%0.20%-0.0 bps1
KHC2,472,600$24.85$23.78$61.44M$58.8M-4.31%0.18%-0.0 bps1
HRL2,085,290$22.64$23.44$47.21M$48.88M+3.53%0.14%+0.0 bps1
ONON500,000$42.40$46.66$21.2M$23.33M+10.05%0.06%+0.0 bps1
VLTO124,333$98.78$92.20$12.28M$11.46M-6.66%0.04%-0.0 bps1
Top 5 (by entry value)(5)$30.32B$31.89B+5.18%
Total(23)$36.79B$39.56B+7.53%

2025-08-142025-11-14

25 of 25 priced100.00% coverage
+2.06%
Holdings from Q2 2025 disclosure · accession 0001104659-25-078647 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT26,191,207$522.48$510.18$13.68B$13.36B-2.35%27.27%-0.6 bps1
BRK-B24,123,684$479.22$508.94$11.56B$12.28B+6.20%24.53%+1.5 bps1
WM32,234,344$226.15$209.17$7.29B$6.74B-7.51%15.44%-1.2 bps1
CNI54,826,786$92.76$96.15$5.09B$5.27B+3.65%11.94%+0.4 bps1
CAT7,353,614$417.50$554.03$3.07B$4.07B+32.70%5.97%+2.0 bps1
DE3,557,378$478.84$476.23$1.7B$1.69B-0.55%3.79%-0.0 bps1
ECL5,218,044$279.98$258.58$1.46B$1.35B-7.64%2.94%-0.2 bps1
WMT9,090,477$100.85$102.48$916.77M$931.59M+1.62%1.86%+0.0 bps1
KOF6,214,719$83.55$87.97$519.24M$546.71M+5.29%1.26%+0.1 bps1
FDX2,534,362$186.20$215.60$471.89M$546.41M+15.79%1.21%+0.2 bps1
WCN2,149,175$184.73$168.63$397.02M$362.42M-8.72%0.84%-0.1 bps1
CPNG9,248,045$28.33$28.22$262M$260.98M-0.39%0.58%-0.0 bps1
CCI1,420,072$101.05$91.68$143.5M$130.19M-9.27%0.31%-0.0 bps1
SDGR6,981,664$19.45$17.64$135.79M$123.16M-9.31%0.29%-0.0 bps1
MSGS592,406$192.65$215.95$114.13M$127.93M+12.09%0.26%+0.0 bps1
BUD1,703,000$60.68$63.83$103.34M$108.7M+5.19%0.24%+0.0 bps1
MCD334,900$308.95$307.03$103.47M$102.82M-0.62%0.20%-0.0 bps1
WST444,500$246.20$261.36$109.44M$116.17M+6.16%0.20%+0.0 bps1
PCAR1,000,000$99.69$95.59$99.69M$95.59M-4.11%0.20%-0.0 bps1
UPS755,089$88.55$95.98$66.86M$72.47M+8.39%0.16%+0.0 bps1
DHR373,000$210.22$221.21$78.41M$82.51M+5.23%0.15%+0.0 bps1
KHC2,622,600$27.65$24.85$72.51M$65.17M-10.13%0.14%-0.0 bps1
HRL2,195,290$28.30$22.64$62.13M$49.7M-20.00%0.14%-0.0 bps1
ONON500,000$44.21$42.40$22.11M$21.2M-4.09%0.05%-0.0 bps1
VLTO124,333$107.67$98.78$13.39M$12.28M-8.26%0.03%-0.0 bps1
Top 5 (by entry value)(5)$40.69B$41.73B+2.55%
Total(25)$47.55B$48.53B+2.06%

2025-05-152025-08-14

25 of 25 priced100.00% coverage
+2.33%
Holdings from Q1 2025 disclosure · accession 0001104659-25-049456 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT28,457,247$453.13$522.48$12.89B$14.87B+15.30%25.55%+3.9 bps1
BRK-B17,172,435$507.33$479.22$8.71B$8.23B-5.54%21.88%-1.2 bps1
WM32,234,344$228.02$226.15$7.35B$7.29B-0.82%17.85%-0.1 bps1
CNI54,826,786$108.13$92.76$5.93B$5.09B-14.21%12.78%-1.8 bps1
CAT7,353,614$349.81$417.50$2.57B$3.07B+19.35%5.80%+1.1 bps1
DE3,557,378$516.32$478.84$1.84B$1.7B-7.26%3.99%-0.3 bps1
ECL5,218,044$255.91$279.98$1.34B$1.46B+9.41%3.16%+0.3 bps1
WMT9,090,477$96.35$100.85$875.87M$916.77M+4.67%1.91%+0.1 bps1
FDX2,534,362$186.23$186.20$471.97M$471.89M-0.02%1.48%-0.0 bps1
KOF6,214,719$91.47$83.55$568.46M$519.24M-8.66%1.36%-0.1 bps1
WCN2,149,175$190.97$184.73$410.43M$397.02M-3.27%1.00%-0.0 bps1
CPNG9,248,045$26.84$28.33$248.22M$262M+5.55%0.49%+0.0 bps1
CCI1,420,072$100.77$101.05$143.1M$143.5M+0.28%0.35%+0.0 bps1
SDGR6,981,664$23.36$19.45$163.09M$135.79M-16.74%0.33%-0.1 bps1
MSGS592,406$196.76$192.65$116.56M$114.13M-2.09%0.28%-0.0 bps1
BUD1,703,000$67.52$60.68$114.99M$103.34M-10.13%0.25%-0.0 bps1
MCD334,900$314.48$308.95$105.32M$103.47M-1.76%0.25%-0.0 bps1
WST444,500$210.68$246.20$93.65M$109.44M+16.86%0.24%+0.0 bps1
PCAR1,000,000$95.97$99.69$95.97M$99.69M+3.88%0.23%+0.0 bps1
UPS755,089$100.35$88.55$75.77M$66.86M-11.76%0.20%-0.0 bps1
KHC2,622,600$27.49$27.65$72.1M$72.51M+0.58%0.19%+0.0 bps1
DHR373,000$190.95$210.22$71.22M$78.41M+10.09%0.18%+0.0 bps1
HRL2,195,290$30.16$28.30$66.21M$62.13M-6.17%0.16%-0.0 bps1
ONON500,000$60.25$44.21$30.13M$22.11M-26.62%0.05%-0.0 bps1
VLTO124,333$100.93$107.67$12.55M$13.39M+6.68%0.03%+0.0 bps1
Top 5 (by entry value)(5)$37.46B$38.54B+2.90%
Total(25)$44.37B$45.4B+2.33%

2025-02-142025-05-15

24 of 24 priced100.00% coverage
+4.99%
Holdings from Q4 2024 disclosure · accession 0001104659-25-014123 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT28,457,247$408.43$453.13$11.62B$12.89B+10.94%28.55%+3.1 bps1
BRK-B19,655,024$479.59$507.33$9.43B$9.97B+5.78%21.20%+1.2 bps1
WM32,234,344$227.73$228.02$7.34B$7.35B+0.13%15.48%+0.0 bps1
CNI54,826,786$101.59$108.13$5.57B$5.93B+6.44%13.25%+0.9 bps1
CAT7,353,614$353.32$349.81$2.6B$2.57B-0.99%6.35%-0.1 bps1
DE3,557,378$480.22$516.32$1.71B$1.84B+7.52%3.59%+0.3 bps1
ECL5,218,044$264.74$255.91$1.38B$1.34B-3.34%2.91%-0.1 bps1
WMT9,090,477$104.04$96.35$945.77M$875.87M-7.39%1.95%-0.1 bps1
FDX2,534,362$215.77$186.23$546.84M$471.97M-13.69%1.70%-0.2 bps1
KOF6,214,719$83.97$91.47$521.85M$568.46M+8.93%1.15%+0.1 bps1
WCN2,149,175$189.04$190.97$406.28M$410.43M+1.02%0.88%+0.0 bps1
CPNG9,248,045$25.34$26.84$234.35M$248.22M+5.92%0.48%+0.0 bps1
SDGR6,981,664$24.85$23.36$173.49M$163.09M-6.00%0.32%-0.0 bps1
MSGS592,406$211.67$196.76$125.39M$116.56M-7.04%0.32%-0.0 bps1
CCI1,420,072$87.96$100.77$124.91M$143.1M+14.56%0.31%+0.0 bps1
PCAR1,000,000$105.96$95.97$105.96M$95.97M-9.43%0.25%-0.0 bps1
MCD334,900$308.55$314.48$103.33M$105.32M+1.92%0.23%+0.0 bps1
UPS755,089$116.22$100.35$87.76M$75.77M-13.66%0.23%-0.0 bps1
DHR373,000$206.30$190.95$76.95M$71.22M-7.44%0.20%-0.0 bps1
BUD1,703,000$53.12$67.52$90.46M$114.99M+27.11%0.20%+0.1 bps1
KHC2,622,600$28.92$27.49$75.85M$72.1M-4.94%0.19%-0.0 bps1
HRL2,195,290$28.46$30.16$62.48M$66.21M+5.97%0.16%+0.0 bps1
ONON500,000$52.03$60.25$26.02M$30.13M+15.80%0.07%+0.0 bps1
VLTO124,333$97.99$100.93$12.18M$12.55M+3.00%0.03%+0.0 bps1
Top 5 (by entry value)(5)$36.56B$38.72B+5.91%
Total(24)$43.37B$45.53B+4.99%

2024-11-142025-02-14

23 of 24 priced100.00% coverage
-0.59%
Holdings from Q3 2024 disclosure · accession 0001104659-24-119000 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT28,957,247$426.89$408.43$12.36B$11.83B-4.32%27.64%-1.2 bps1
BRK-B22,137,613$467.70$479.59$10.35B$10.62B+2.54%22.60%+0.6 bps1
WM32,234,344$221.72$227.73$7.15B$7.34B+2.71%14.84%+0.4 bps1
CNI54,826,786$110.05$101.59$6.03B$5.57B-7.69%14.25%-1.1 bps1
CAT7,353,614$387.36$353.32$2.85B$2.6B-8.79%6.38%-0.6 bps1
DE3,557,378$394.64$480.22$1.4B$1.71B+21.69%3.29%+0.7 bps1
ECL5,218,044$247.61$264.74$1.29B$1.38B+6.92%2.95%+0.2 bps1
WMT9,090,477$84.47$104.04$767.87M$945.77M+23.17%1.63%+0.4 bps1
FDX2,534,362$235.53$215.77$596.91M$546.84M-8.39%1.54%-0.1 bps1
KOF6,214,719$77.43$83.97$481.21M$521.85M+8.45%1.22%+0.1 bps1
WCN2,149,175$183.73$189.04$394.87M$406.28M+2.89%0.85%+0.0 bps1
CPNG9,248,045$25.33$25.34$234.25M$234.35M+0.04%0.50%+0.0 bps1
CCI1,420,072$102.92$87.96$146.15M$124.91M-14.54%0.37%-0.1 bps1
SDGR6,981,664$20.37$24.85$142.22M$173.49M+21.99%0.29%+0.1 bps1
MSGS592,406$222.56$211.67$131.85M$125.39M-4.89%0.27%-0.0 bps1
BUD1,703,000$56.35$53.12$95.96M$90.46M-5.73%0.25%-0.0 bps1
DHR373,000$239.38$206.30$89.29M$76.95M-13.82%0.23%-0.0 bps1
UPS755,089$132.64$116.22$100.16M$87.76M-12.38%0.23%-0.0 bps1
PCAR1,000,000$115.06$105.96$115.06M$105.96M-7.91%0.22%-0.0 bps1
KHC2,622,600$31.79$28.92$83.37M$75.85M-9.03%0.20%-0.0 bps1
HRL2,195,290$30.41$28.46$66.76M$62.48M-6.41%0.15%-0.0 bps1
ONON500,000$53.35$52.03$26.68M$26.02M-2.47%0.06%-0.0 bps1
VLTO124,333$103.11$97.99$12.82M$12.18M-4.97%0.03%-0.0 bps1
VRM0.00%0
Top 5 (by entry value)(5)$38.74B$37.95B-2.04%
Total(23)$44.93B$44.66B-0.59%

2024-08-142024-11-14

22 of 23 priced100.00% coverage
+4.76%
Holdings from Q2 2024 disclosure · accession 0001104659-24-089650 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT34,889,597$416.86$426.89$14.54B$14.89B+2.41%32.71%+0.8 bps1
BRK-B24,620,202$438.47$467.70$10.8B$11.51B+6.67%21.01%+1.4 bps1
WM35,234,344$206.35$221.72$7.27B$7.81B+7.45%15.77%+1.2 bps1
CNI54,826,786$111.14$110.05$6.09B$6.03B-0.98%13.59%-0.1 bps1
CAT7,353,614$337.59$387.36$2.48B$2.85B+14.74%5.14%+0.8 bps1
DE3,557,378$351.28$394.64$1.25B$1.4B+12.34%2.79%+0.3 bps1
ECL5,218,044$239.47$247.61$1.25B$1.29B+3.40%2.61%+0.1 bps1
WMT9,090,477$68.66$84.47$624.15M$767.87M+23.03%1.29%+0.3 bps1
KOF6,214,719$89.56$77.43$556.59M$481.21M-13.54%1.12%-0.2 bps1
FDX1,534,362$228.31$235.53$350.31M$361.38M+3.16%0.97%+0.0 bps1
WCN2,149,175$181.56$183.73$390.2M$394.87M+1.20%0.79%+0.0 bps1
CPNG9,248,045$22.15$25.33$204.84M$234.25M+14.36%0.41%+0.1 bps1
CCI1,420,072$110.21$102.92$156.51M$146.15M-6.61%0.29%-0.0 bps1
SDGR6,981,664$19.00$20.37$132.65M$142.22M+7.21%0.28%+0.0 bps1
MSGS592,406$196.86$222.56$116.62M$131.85M+13.06%0.23%+0.0 bps1
UPS755,089$126.42$132.64$95.46M$100.16M+4.92%0.22%+0.0 bps1
BUD1,703,000$60.38$56.35$102.83M$95.96M-6.67%0.21%-0.0 bps1
DHR373,000$268.08$239.38$99.99M$89.29M-10.71%0.20%-0.0 bps1
KHC2,622,600$34.49$31.79$90.45M$83.37M-7.83%0.18%-0.0 bps1
HRL2,195,290$32.26$30.41$70.82M$66.76M-5.73%0.14%-0.0 bps1
ONON500,000$40.56$53.35$20.28M$26.68M+31.53%0.04%+0.0 bps1
VLTO124,333$108.51$103.11$13.49M$12.82M-4.98%0.02%-0.0 bps1
VRM0.00%0
Top 5 (by entry value)(5)$41.19B$43.1B+4.66%
Total(22)$46.71B$48.93B+4.76%

2024-05-152024-08-14

23 of 24 priced100.00% coverage
-2.16%
Holdings from Q1 2024 disclosure · accession 0001104659-24-061949 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT36,499,597$423.08$416.86$15.44B$15.22B-1.47%33.49%-0.5 bps1
WM35,234,344$209.00$206.35$7.36B$7.27B-1.27%16.38%-0.2 bps1
BRK-B17,303,097$412.76$438.47$7.14B$7.59B+6.23%15.87%+1.0 bps1
CNI54,826,786$125.39$111.14$6.87B$6.09B-11.36%15.75%-1.8 bps1
CAT7,353,614$360.04$337.59$2.65B$2.48B-6.24%5.88%-0.4 bps1
DE3,557,378$414.02$351.28$1.47B$1.25B-15.15%3.19%-0.5 bps1
ECL5,218,044$232.95$239.47$1.22B$1.25B+2.80%2.63%+0.1 bps1
KOF6,214,719$100.38$89.56$623.83M$556.59M-10.78%1.32%-0.1 bps1
WMT9,090,477$59.83$68.66$543.88M$624.15M+14.76%1.19%+0.2 bps1
FDX1,534,362$208.96$228.31$320.62M$350.31M+9.26%0.97%+0.1 bps1
WCN2,149,175$165.76$181.56$356.25M$390.2M+9.53%0.81%+0.1 bps1
SDGR6,981,664$23.36$19.00$163.09M$132.65M-18.66%0.41%-0.1 bps1
CPNG9,248,045$22.52$22.15$208.27M$204.84M-1.64%0.36%-0.0 bps1
CCI1,420,072$103.52$110.21$147.01M$156.51M+6.46%0.33%+0.0 bps1
UPS755,089$147.94$126.42$111.71M$95.46M-14.55%0.24%-0.0 bps1
MSGS592,406$188.54$196.86$111.69M$116.62M+4.41%0.24%+0.0 bps1
BUD1,703,000$66.03$60.38$112.45M$102.83M-8.56%0.23%-0.0 bps1
KHC2,622,600$35.85$34.49$94.02M$90.45M-3.79%0.21%-0.0 bps1
DHR373,000$263.46$268.08$98.27M$99.99M+1.75%0.20%+0.0 bps1
HRL2,195,290$35.60$32.26$78.15M$70.82M-9.38%0.17%-0.0 bps1
CVNA520,000$121.07$142.00$62.96M$73.84M+17.29%0.10%+0.0 bps1
ONON500,000$36.42$40.56$18.21M$20.28M+11.37%0.04%+0.0 bps1
VLTO124,333$98.90$108.51$12.3M$13.49M+9.72%0.02%+0.0 bps1
VRM0.00%0
Top 5 (by entry value)(5)$39.47B$38.65B-2.08%
Total(23)$45.22B$44.25B-2.16%

2024-02-142024-05-15

23 of 24 priced100.00% coverage
+3.63%
Holdings from Q4 2023 disclosure · accession 0001104659-24-023662 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT38,210,869$409.49$423.08$15.65B$16.17B+3.32%33.98%+1.1 bps1
BRK-B19,916,349$398.68$412.76$7.94B$8.22B+3.53%16.80%+0.6 bps1
CNI54,826,786$128.86$125.39$7.06B$6.87B-2.69%16.29%-0.4 bps1
WM35,234,344$199.16$209.00$7.02B$7.36B+4.94%14.92%+0.7 bps1
CAT7,353,614$316.71$360.04$2.33B$2.65B+13.68%5.14%+0.7 bps1
DE3,557,378$384.78$414.02$1.37B$1.47B+7.60%3.36%+0.3 bps1
ECL5,218,044$216.97$232.95$1.13B$1.22B+7.37%2.45%+0.2 bps1
KOF6,214,719$98.09$100.38$609.6M$623.83M+2.33%1.39%+0.0 bps1
WMT3,030,159$168.60×3$59.83$510.88M$543.88M+6.46%1.13%+0.1 bps1
FDX1,534,362$190.84$208.96$292.81M$320.62M+9.50%0.92%+0.1 bps1
WCN2,149,175$164.12$165.76$352.72M$356.25M+1.00%0.76%+0.0 bps1
SDGR6,981,664$27.75$23.36$193.74M$163.09M-15.82%0.59%-0.1 bps1
CCI1,420,072$105.80$103.52$150.24M$147.01M-2.16%0.39%-0.0 bps1
CPNG9,248,045$15.10$22.52$139.65M$208.27M+49.14%0.35%+0.2 bps1
UPS755,089$144.22$147.94$108.9M$111.71M+2.58%0.28%+0.0 bps1
BUD1,703,000$62.35$66.03$106.18M$112.45M+5.90%0.26%+0.0 bps1
MSGS592,406$191.91$188.54$113.69M$111.69M-1.76%0.25%-0.0 bps1
KHC2,622,600$34.16$35.85$89.59M$94.02M+4.95%0.23%+0.0 bps1
DHR373,000$247.99$263.46$92.5M$98.27M+6.24%0.20%+0.0 bps1
HRL2,195,290$28.80$35.60$63.22M$78.15M+23.61%0.17%+0.0 bps1
CVNA520,000$54.16$121.07$28.16M$62.96M+123.54%0.07%+0.1 bps1
ONON500,000$32.01$36.42$16.01M$18.21M+13.78%0.03%+0.0 bps1
VLTO124,333$84.22$98.90$10.47M$12.3M+17.43%0.02%+0.0 bps1
VRM0.00%0
Top 5 (by entry value)(5)$40B$41.27B+3.19%
Total(23)$45.38B$47.02B+3.63%

2023-11-142024-02-14

71 of 74 priced99.97% coverage
+12.27%
Holdings from Q3 2023 disclosure · accession 0001104659-23-118104 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT39,286,170$370.27$409.49$14.55B$16.09B+10.59%31.88%+3.4 bps1
BRK-B22,529,601$354.25$398.68$7.98B$8.98B+12.54%20.28%+2.5 bps1
CNI54,826,786$114.64$128.86$6.29B$7.06B+12.40%15.26%+1.9 bps1
WM35,234,344$172.14$199.16$6.07B$7.02B+15.70%13.80%+2.2 bps1
CAT7,353,614$247.86$316.71$1.82B$2.33B+27.78%5.16%+1.4 bps1
DE3,917,693$374.96$384.78$1.47B$1.51B+2.62%3.80%+0.1 bps1
ECL5,218,044$183.86$216.97$959.39M$1.13B+18.01%2.27%+0.4 bps1
KOF6,214,719$85.04$98.09$528.5M$609.6M+15.35%1.25%+0.2 bps1
WMT3,030,159$167.65$168.60$508.01M$510.88M+0.57%1.25%+0.0 bps1
FDX1,534,362$204.82$190.84$314.27M$292.81M-6.83%1.04%-0.1 bps1
WCN2,149,175$134.99$164.12$290.12M$352.72M+21.58%0.74%+0.2 bps1
SDGR6,981,664$30.24$27.75$211.13M$193.74M-8.23%0.51%-0.0 bps1
CPNG9,248,045$15.85$15.10$146.58M$139.65M-4.73%0.40%-0.0 bps1
CCI1,420,072$101.37$105.80$143.95M$150.24M+4.37%0.34%+0.0 bps1
UPS755,089$143.17$144.22$108.11M$108.9M+0.73%0.30%+0.0 bps1
MSGS592,406$173.24$191.91$102.63M$113.69M+10.78%0.27%+0.0 bps1
BUD1,703,000$61.23$62.35$104.27M$106.18M+1.83%0.24%+0.0 bps1
DHR373,000$203.52$247.99$75.91M$92.5M+21.85%0.24%+0.1 bps1
KHC2,622,600$33.58$34.16$88.07M$89.59M+1.73%0.23%+0.0 bps1
HRL2,195,290$32.92$28.80$72.27M$63.22M-12.52%0.21%-0.0 bps1
CVNA520,000$33.21$54.16$17.27M$28.16M+63.08%0.06%+0.0 bps1
ONON500,000$25.65$32.01$12.83M$16.01M+24.80%0.04%+0.0 bps1
AAPL52,815$187.44$184.15$9.9M$9.73M-1.76%0.02%-0.0 bps1
META27,035$336.31$473.28$9.09M$12.8M+40.73%0.02%+0.0 bps1
AMZN44,000$145.80$170.98$6.42M$7.52M+17.27%0.01%+0.0 bps1
ETN26,100$228.10$275.62$5.95M$7.19M+20.83%0.01%+0.0 bps1
AVGO6,500$972.96$1262.22$6.32M$8.2M+29.73%0.01%+0.0 bps1
BKNG1,650$3173.50$3738.31$5.24M$6.17M+17.80%0.01%+0.0 bps1
GOOGL38,400$133.62$145.94$5.13M$5.6M+9.22%0.01%+0.0 bps1
JPM29,600$148.44$176.03$4.39M$5.21M+18.59%0.01%+0.0 bps1
ORCL39,800$116.10$114.26$4.62M$4.55M-1.58%0.01%-0.0 bps1
AMP12,400$342.44$391.36$4.25M$4.85M+14.29%0.01%+0.0 bps1
NVDA9,165$496.56$739.00$4.55M$6.77M+48.82%0.01%+0.0 bps1
PHM53,500$87.85$103.82$4.7M$5.55M+18.18%0.01%+0.0 bps1
XLK24,300$182.04$204.88$4.42M$4.98M+12.55%0.01%+0.0 bps1
TJX42,500$92.50$97.17$3.93M$4.13M+5.05%0.01%+0.0 bps1
ELV8,500$461.75$506.11$3.92M$4.3M+9.61%0.01%+0.0 bps1
CVX21,500$145.05$151.01$3.12M$3.25M+4.11%0.01%+0.0 bps1
UL72,610$54.95$56.35$3.99M$4.09M+2.54%0.01%+0.0 bps1
CSCO62,000$53.17$50.28$3.3M$3.12M-5.44%0.01%-0.0 bps1
PG22,975$152.12$155.63$3.49M$3.58M+2.31%0.01%+0.0 bps1
V14,000$246.94$277.56$3.46M$3.89M+12.40%0.01%+0.0 bps1
TT15,900$229.05$272.81$3.64M$4.34M+19.11%0.01%+0.0 bps1
AMAT22,800$154.08$186.19$3.51M$4.25M+20.84%0.01%+0.0 bps1
AMGN11,050$270.02$290.07$2.98M$3.21M+7.43%0.01%+0.0 bps1
TMO5,675$459.26$548.27$2.61M$3.11M+19.38%0.01%+0.0 bps1
UNH5,665$540.46$516.94$3.06M$2.93M-4.35%0.01%-0.0 bps1
ADBE5,485$604.33$604.66$3.31M$3.32M+0.05%0.01%+0.0 bps1
SLB47,005$54.35$47.75$2.55M$2.24M-12.14%0.01%-0.0 bps1
TTE38,500$67.76$64.63$2.61M$2.49M-4.62%0.01%-0.0 bps1
LMT5,900$444.22$418.19$2.62M$2.47M-5.86%0.01%-0.0 bps1
JNJ14,945$147.66$155.74$2.21M$2.33M+5.47%0.01%+0.0 bps1
GS7,060$338.72$378.04$2.39M$2.67M+11.61%0.01%+0.0 bps1
MS27,880$78.31$84.00$2.18M$2.34M+7.27%0.01%+0.0 bps1
NSC11,700$204.12$252.26$2.39M$2.95M+23.58%0.01%+0.0 bps1
CVS32,500$68.50$76.41$2.23M$2.48M+11.55%0.01%+0.0 bps1
PFE68,000$29.26$27.11$1.99M$1.84M-7.35%0.01%-0.0 bps1
PNC17,400$126.66$147.87$2.2M$2.57M+16.75%0.01%+0.0 bps1
CB10,250$219.55$248.12$2.25M$2.54M+13.01%0.01%+0.0 bps1
XOM17,000$104.29$100.84$1.77M$1.71M-3.31%0.01%-0.0 bps1
EMN25,000$79.77$82.12$1.99M$2.05M+2.95%0.00%+0.0 bps1
LOW8,983$202.24$226.93$1.82M$2.04M+12.21%0.00%+0.0 bps1
GOOG14,000$135.43$147.14$1.9M$2.06M+8.65%0.00%+0.0 bps1
MRK17,740$102.17$125.82$1.81M$2.23M+23.15%0.00%+0.0 bps1
AMT11,000$194.20$188.49$2.14M$2.07M-2.94%0.00%-0.0 bps1
XLP25,500$69.89$72.70$1.78M$1.85M+4.02%0.00%+0.0 bps1
HD5,692$303.63$358.23$1.73M$2.04M+17.98%0.00%+0.0 bps1
TGT15,200$110.79$145.03$1.68M$2.2M+30.91%0.00%+0.0 bps1
PEP9,700$168.11$167.52$1.63M$1.62M-0.35%0.00%+0.0 bps1
RTX20,200$80.69$91.39$1.63M$1.85M+13.26%0.00%+0.0 bps1
DIS16,800$91.07$111.56$1.53M$1.87M+22.50%0.00%+0.0 bps1
IYW0.02%0
VRM0.01%0
KBWB0.01%0
Top 5 (by entry value)(5)$36.7B$41.48B+13.02%
Total(71)$42.02B$47.18B+12.27%

2023-08-142023-11-14

22 of 23 priced99.99% coverage
+3.30%
Holdings from Q2 2023 disclosure · accession 0001104659-23-091369 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT39,264,670$324.04$370.27$12.72B$14.54B+14.27%31.79%+4.5 bps1
BRK-B25,142,853$358.48$354.25$9.01B$8.91B-1.18%20.38%-0.2 bps1
CNI54,826,786$116.16$114.64$6.37B$6.29B-1.31%15.78%-0.2 bps1
WM35,234,344$160.73$172.14$5.66B$6.07B+7.10%14.53%+1.0 bps1
CAT7,353,614$284.54$247.86$2.09B$1.82B-12.89%4.30%-0.6 bps1
DE3,917,693$437.64$374.96$1.71B$1.47B-14.32%3.77%-0.5 bps1
ECL5,218,044$184.16$183.86$960.95M$959.39M-0.16%2.32%-0.0 bps1
KOF6,214,719$82.81$85.04$514.64M$528.5M+2.69%1.23%+0.0 bps1
WMT3,020,859$160.00$167.65$483.34M$506.45M+4.78%1.13%+0.1 bps1
FDX1,534,362$215.10$204.82$330.04M$314.27M-4.78%0.90%-0.0 bps1
SDGR6,981,664$36.69$30.24$256.16M$211.13M-17.58%0.83%-0.1 bps1
WCN2,149,175$141.41$134.99$303.91M$290.12M-4.54%0.73%-0.0 bps1
CCI1,420,072$103.12$101.37$146.44M$143.95M-1.70%0.38%-0.0 bps1
CPNG9,248,045$19.19$15.85$177.47M$146.58M-17.40%0.38%-0.1 bps1
UPS740,689$175.51$143.17$130M$106.04M-18.43%0.32%-0.1 bps1
MSGS592,406$208.95$173.24$123.78M$102.63M-17.09%0.26%-0.0 bps1
BUD1,703,000$56.35$61.23$95.96M$104.27M+8.66%0.23%+0.0 bps1
KHC2,622,600$34.24$33.58$89.8M$88.07M-1.93%0.22%-0.0 bps1
DHR373,000$228.00$203.52$85.04M$75.91M-10.74%0.21%-0.0 bps1
HRL2,195,290$40.87$32.92$89.72M$72.27M-19.45%0.21%-0.0 bps1
ONON500,000$34.61$25.65$17.31M$12.83M-25.89%0.04%-0.0 bps1
CVNA520,000$41.09$33.21$21.37M$17.27M-19.18%0.03%-0.0 bps1
VRM0.01%0
Top 5 (by entry value)(5)$35.86B$37.62B+4.90%
Total(22)$41.4B$42.77B+3.30%

2023-05-152023-08-14

21 of 22 priced99.99% coverage
+4.49%
Holdings from Q1 2023 disclosure · accession 0001104659-23-060842 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
MSFT39,264,670$309.46$324.04$12.15B$12.72B+4.71%31.05%+1.5 bps1
CNI54,826,786$121.44$116.16$6.66B$6.37B-4.35%17.74%-0.8 bps1
BRK-B19,689,845$323.53$358.48$6.37B$7.06B+10.80%16.67%+1.8 bps1
WM35,234,344$168.58$160.73$5.94B$5.66B-4.66%15.77%-0.7 bps1
CAT7,353,614$211.29$284.54$1.55B$2.09B+34.67%4.62%+1.6 bps1
DE3,917,693$370.21$437.64$1.45B$1.71B+18.21%4.44%+0.8 bps1
ECL5,218,044$173.75$184.16$906.64M$960.95M+5.99%2.37%+0.1 bps1
KOF6,214,719$88.84$82.81$552.12M$514.64M-6.79%1.37%-0.1 bps1
WMT3,020,859$151.88$160.00$458.81M$483.34M+5.35%1.22%+0.1 bps1
FDX1,534,362$179.23$215.10$275M$330.04M+20.02%0.96%+0.2 bps1
WCN2,149,175$143.61$141.41$308.64M$303.91M-1.53%0.82%-0.0 bps1
CCI1,420,072$113.90$103.12$161.75M$146.44M-9.46%0.52%-0.0 bps1
SDGR6,981,664$27.68$36.69$193.25M$256.16M+32.55%0.50%+0.2 bps1
CPNG9,248,045$16.54$19.19$152.96M$177.47M+16.02%0.41%+0.1 bps1
UPS740,689$168.85$175.51$125.07M$130M+3.94%0.39%+0.0 bps1
MSGS592,406$189.22$208.95$112.1M$123.78M+10.43%0.32%+0.0 bps1
KHC2,622,600$40.17$34.24$105.35M$89.8M-14.76%0.28%-0.0 bps1
DHR373,000$201.19$228.00$75.04M$85.04M+13.33%0.26%+0.0 bps1
HRL2,195,290$39.62$40.87$86.98M$89.72M+3.15%0.24%+0.0 bps1
ONON500,000$33.44$34.61$16.72M$17.31M+3.50%0.04%+0.0 bps1
CVNA520,000$11.58$41.09$6.02M$21.37M+254.84%0.01%+0.0 bps1
VRM0.01%0
Top 5 (by entry value)(5)$32.67B$33.91B+3.77%
Total(21)$37.66B$39.35B+4.49%