Gates Foundation Trust Buys Procter & Gamble, Sells AutoNation


The latest 13F filing for the Bill & Melinda Gates Foundation Trust shows a reduction in one stock and a purchase in one stock for the third quarter. It also shows increases in two other stocks for the quarter. The firm manages over $17 billion.

Additions And Increases:

Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More

The largest holding in the firm’s portfolio is Berkshire Hathaway Inc. (BRK.A) (NYSE:BRK.B), which it increased by another 90 million shares during the third quarter. The firm also increased its shares in Caterpillar Inc. (NYSE:CAT).

The firm’s one new purchase for the quarter was The Procter & Gamble Company (NYSE:PG).

Sell-Offs And Reductions:

The Gates Foundation Trust did not sell off any stocks during the third quarter, but it did reduce its holdings in AutoNation, Inc. (NYSE:AN)

Other large positions:

There were no other changes in the firm’s portfolio for the quarter. The big stocks for the firm continue to be McDonald’s Corporation (NYSE:MCD), The Coca-Cola Company (NYSE:KO) and Wal-Mart Stores, Inc. (NYSE:WMT)