13F filing recap · Q4 2013

What did Bill & Melinda Gates Foundation Trust buy in Q4 2013?

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

Stock value

$20.05B

Positions

Estimated turnover

7.9%

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.

Increased positions

MCDMcdonald’s Corporation$1.05Breported value+1.00M shares+10.1%CATCaterpillar Inc$1.02Breported value+500.0K shares+4.6%CNICanadian National Railway Company$976.57Mreported value+8.56M shares+100.0%WMTWalmart Inc.$913.04Mreported value+500.0K shares+4.5%XOMExxon Mobil Corp.$824.16Mreported value+500.0K shares+6.5%BPBp Plc$355.60Mreported value+89.0K shares+1.2%

Reduced positions

BRK.BBerkshire Hathaway Inc$9.73Breported value-5.00M shares-5.7%

Exited positions

PGProcter & Gamble Co$113.39Mprior reported value-1.50M shares-100.0%APDAir Products and Chemicals, Inc.$102.66Mprior reported value-963.3K shares-100.0%TMToyota Motor Corp/$19.63Mprior reported value-153.3K shares-100.0%DMNDDiamond Foods Inc$10.40Mprior reported value-441.2K shares