13F filing recap · Q1 2016

What did Bill & Melinda Gates Foundation Trust buy in Q1 2016?

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

Stock value

$17.19B

Positions

Estimated turnover

4.2%

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

ECLEcolab Inc.$486.94Mreported value+1 shares0.0%TVGrupo Televisa, S.a.b.$463.50Mreported value+1 shares0.0%ANAutonation, Inc.$88.63Mreported value+1 shares+0.0%

Reduced positions

BRK.BBerkshire Hathaway Inc$9.84Breported value-5.00M shares-6.7%