13F filing recap · Q4 2012

What did Bill & Melinda Gates Foundation Trust buy in Q4 2012?

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

Stock value

$16.79B

Positions

Estimated turnover

11.7%

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

WTWWillis Towers Watson Plc$20.21Mreported value+602.7K shares SIGSignet Jewelers Limited$9.99Mreported value+187.1K shares ALVAutoliv, Inc.$8.33Mreported value+123.6K shares ORBKOrbotech Ltd$6.97Mreported value+823.3K shares

Increased positions

KOCoca Cola Co$1.23Breported value+10.64M shares+45.5%WMTWalmart Inc.$757.56Mreported value+500.0K shares+4.7%PGProcter & Gamble Co$101.83Mreported value+1.39M shares+1222.3%

Reduced positions

BRK.BBerkshire Hathaway Inc$7.81Breported value-6.25M shares-6.7%

Exited positions

COSTCostco Wholesale Corp /new$613.57Mprior reported value-6.13M shares-100.0%CSXCsx Corporation$99.60Mprior reported value-4.80M shares-100.0%EXPDExpeditors International of Washington, Inc.$67.19Mprior reported value-1.85M shares-100.0%CXCemex S.a.b. De C.v.$54.70Mprior reported value