Below is a spreadsheet that highlights the changes to Bill & Melinda Gates Foundation's US long stock portfolio as of Q4
2013. Please check out our previous update to have an idea on how the portfolio is progressing:
Consistent with a largely passive strategy, the portfolio was left largely untouched this quarter: the huge 50.75% position in Berkshire Hathaway (BRK.B) was reduced to a still very large 48.51% of the portfolio. The only other changes were a marginal stake increase in BP PLC (BP), a ~4.6% stake increase in Caterpillar (CAT), a ~6.5% stake increase in Exxon Mobil (XOM), a ~10% stake increase in McDonalds Corporation (MCD), and a ~4.5% stake increase in Wal-Mart Stores (WMT). BP, CAT, XOM, MCD, and WMT now represent 1.77%, 5.10%, 4.11%, 5.26%, and 4.55% of the US long portfolio respectively.
To know more about Gates and the Foundation, check-out the book Bill Gates: The Inspirational Life Story of Bill Gates; Businessman, Inventor, and the World's Most Remarkable Philanthropist. To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.
Consistent with a largely passive strategy, the portfolio was left largely untouched this quarter: the huge 50.75% position in Berkshire Hathaway (BRK.B) was reduced to a still very large 48.51% of the portfolio. The only other changes were a marginal stake increase in BP PLC (BP), a ~4.6% stake increase in Caterpillar (CAT), a ~6.5% stake increase in Exxon Mobil (XOM), a ~10% stake increase in McDonalds Corporation (MCD), and a ~4.5% stake increase in Wal-Mart Stores (WMT). BP, CAT, XOM, MCD, and WMT now represent 1.77%, 5.10%, 4.11%, 5.26%, and 4.55% of the US long portfolio respectively.
To know more about Gates and the Foundation, check-out the book Bill Gates: The Inspirational Life Story of Bill Gates; Businessman, Inventor, and the World's Most Remarkable Philanthropist. To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.
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