GATES FOUNDATION TRUST

Comprehensive Analysis of Gates Foundation Trust 13F Filing (Q3 2025)

1. Portfolio Overview

The most striking feature of this filing is the drastic reduction in portfolio size, with total assets under management (AUM) plummeting by 83.2%, falling from $47.78 billion in Q2 2025 to $8.02 billion as of September 30, 2025. This represents a divestment of nearly $40 billion in a single quarter. Concurrently, the fund executed a massive simplification strategy, slashing the numbe...