13F filing recap · Q1 2003

What did Bill & Melinda Gates Foundation Trust buy in Q1 2003?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.50B

Positions

Estimated turnover

28.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

FEDUFour Seasons Education (cayman) Inc.$69.51Mreported value+2.56M shares RSGRepublic Services, Inc.$14.88Mreported value+750.0K shares EXPDExpeditors International of Washington, Inc.$7.19Mreported value+200.0K shares IIFMorgan Stanley India Investment Fund, Inc.$5.03Mreported value+541.3K shares STAYExtended Stay America, Inc.$2.02Mreported value+200.0K shares

Increased positions

BPBp Plc$108.05Mreported value+100.0K shares+3.7%XOMExxon Mobil Corp.$76.89Mreported value+100.0K shares+4.8%WYEWyeth$75.07Mreported value+1.35M shares+212.6%WMWaste Management, Inc$71.69Mreported value+1.00M shares

Reduced positions

HDHome Depot, Inc.$38.98Mreported value-2.04M shares-92.7%