13F filing recap · Q3 2004

What did Bill & Melinda Gates Foundation Trust buy in Q3 2004?

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

Stock value

$3.61B

Positions

Estimated turnover

9.4%

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

EDConsolidated Edison Inc$54.27Mreported value+1.29M shares AEEAmeren Corp$53.63Mreported value+1.16M shares GXPGreat Plains Energy Incorporated$52.35Mreported value+1.80M shares DDominion Energy, Inc$30.25Mreported value+463.6K shares FEFirstenergy Corp$27.83Mreported value+677.5K shares GASAgl Resources Inc.$27.12Mreported value+881.3K shares NEENextera Energy Inc$26.94Mreported value+394.3K shares CINCinergy Corp$26.73Mreported value+674.9K shares CECOCareer Education Corp$1.42Mreported value+50.0K shares

Increased positions

WMWaste Management, Inc$149.96Mreported value+100.0K shares+1.9%

Reduced positions

BAXBaxter International Inc$64.32Mreported value-500.0K shares-20.0%JNJJohnson & Johnson$58.08Mreported value-180.0K shares-14.9%