Breaking down the stocks Bill Gates (Cascade Investment) bought, sold, and held in Q2 2025, including their holdings at the end of the quarter. All data sourced from Cascade Investment's 13F filed on August 14, 2025.
Who is Cascade Investment?
Cascade Investment is the private investment vehicle managing the personal wealth of Microsoft co-founder Bill Gates and the assets of the Bill & Melinda Gates Foundation. Established in 1995, the firm pursues a long-term value investing approach across diverse sectors including technology, energy, hospitality, and real estate. Michael Larsen, Cascade's CIO, applies a fundamental, long horizon investment approach across asset classes and geographies.
Cascadeassetmanagement.com
Wikipedia on Cascade Investment
Q2 '25 13F filed with SEC
Portfolio Changes in Q2 2025
New positions
Cascade Investment did not establish any new positions during Q2 2025.
Bought
Cascade Investment significantly increased its stake in Berkshire Hathaway (BRK-B), adding approximately 6.95 million shares to bring the total holding to 24.12 million shares.
Sold
Cascade Investment trimmed its position in Microsoft (MSFT), reducing the holding by approximately 2.27 million shares to 26.19 million shares.
Holdings at the end of Q2 2025
Ticker | Company | Weight | Change | Value |
---|---|---|---|---|
MSFT | Microsoft | 27.9% | Trimmed (-8%) | $13027.77B |
BRK-B | Berkshire Hathaway | 25.1% | Added (+40%) | $11718.56B |
WM | Waste Management | 15.8% | $7375.86B | |
CNI | Canadian National | 12.2% | $5704.18B | |
CAT | Caterpillar | 6.1% | $2854.75B | |
DE | Deere | 3.9% | $1808.89B | |
ECL | Ecolab | 3.0% | $1405.95B | |
WMT | Walmart | 1.9% | $888.87B | |
KOF | Coca-Cola Femsa | 1.3% | $601.15B | |
FDX | FedEx | 1.2% | $576.09B | |
WCN | Waste Connections | 0.9% | $401.29B | |
CPNG | Coupang | 0.6% | $277.07B |
Disclaimer: All posts are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.