13F filing recap · Q3 2005

What did Bill & Melinda Gates Foundation Trust buy in Q3 2005?

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

Stock value

$3.97B

Positions

Estimated turnover

10.3%

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

CVXChevron Corp$33.34Mreported value+515.0K shares AONAon Plc$32.08Mreported value+1.00M shares

Increased positions

COSTCostco Wholesale Corp /new$181.41Mreported value+130.0K shares+3.2%WMWaste Management, Inc$167.59Mreported value+140.0K shares+2.4%CNICanadian National Railway Company$156.92Mreported value+1.31M shares+145.6%FEDUFour Seasons Education (cayman) Inc.$91.06Mreported value

Reduced positions

SPYSPDR S&P 500 ETF Trust$541.87Mreported value-500.0K shares-10.2%

Exited positions

UCLUnocal Corporation$32.52Mprior reported value-500.0K shares-100.0%MYGMaytag Corp$15.66Mprior reported value-1.00M shares-100.0%