Bill Gates - Bill & Melinda Gates Foundation Trust Investment Strategy (Sep 30, 2025)


As of Sep 30, 2025, the Bill & Melinda Gates Foundation Trust portfolio managed by Bill Gates demonstrates a sophisticated investment approach with 78 positions and an average holding period of 2255 quarters. The strategy focuses on Basic Materials, Communication Services, Consumer Cyclical, Consumer Defensive, Energy, Financial Services, Healthcare, Industrials, Real Estate, Technology sectors with a typical position size of 8.4% of the portfolio.


The portfolio's risk management approach includes a maximum position size of 8.37% and sector diversification of 10%, exemplified by the case study of BERKSHIRE HATHAWAY INC (BRK-B). This strategic framework provides insights into Bill Gates's investment philosophy, risk management practices, and long-term value creation approach.

Investment Strategy Metrics

Key metrics revealing investment style, risk management, and performance characteristics

MetricValueCategoryDescription
Holding Period6.2 yearsStyleAverage duration positions are maintained
Position Count78StyleNumber of active positions in portfolio
Position Size8.4%RiskTypical allocation per position
Win Rate54.8%PerformancePercentage of profitable positions
Average Return1988.0%PerformanceMean return across positions
Sharpe Ratio0.14PerformanceReturn per unit of risk taken

Investment Case Study: BERKSHIRE HATHAWAY INC (BRK-B)

3/31/2015 - 11/30/2025

Performance Metrics

Total Return: -11.27%

Holding Period: 3897 days

Max Position Size: $10,625,605.00

Position Weight: 57.31%

Key Events

3/31/2015: DECREASE(-5,000,000.00 shares) @ $0.14
6/30/2015: DECREASE(-5,000,000.00 shares) @ $0.14
9/30/2015: INCREASE(10,756,234.00 shares) @ $0.13

Investment Thesis

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors:
  • Market volatility
  • Sector-specific risks

Key Learnings

  • Position sizing is critical for portfolio management
  • Important to monitor sector exposure

Sector Allocations

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