13F filing recap · Q4 2005

What did Bill & Melinda Gates Foundation Trust buy in Q4 2005?

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

Stock value

$3.54B

Positions

Estimated turnover

23.6%

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

CATCaterpillar Inc$19.35Mreported value+335.0K shares

Increased positions

COSTCostco Wholesale Corp /new$224.84Mreported value+335.0K shares+8.0%XOMExxon Mobil Corp.$198.56Mreported value+335.0K shares+10.5%WMWaste Management, Inc$187.93Mreported value+334.5K shares+5.7%TYCTyco International Ltd$130.68Mreported value+1.33M shares

Exited positions

SPYSPDR S&P 500 ETF Trust$541.87Mprior reported value-4.40M shares-100.0%MHSMedco Health Solutions Inc$110.26Mprior reported value-2.01M shares-100.0%UTSIUtstarcom Inc$13.56Mprior reported value-1.66M shares-100.0%