BILL & MELINDA GATES FOUNDATION TRUST Information

2365 CARILLON POINT, KIRKLAND, Washington, 98033, (425) 889-7900

Report Date: 12/31/2014

Position Statistics

Total Positions 22
New Positions 3
Increased Positions 3
Decreased Positions 4
Positions with Activity 7
Sold Out Positions 3
Total Mkt Value (in $ millions) 19,519

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods 4.69%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 5.1%
Energy 1.51%
Financial 58.8%
Healthcare
Services 19.24%
Technology
Transportation 10.65%
Utilities

22 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL B NEW 11,477,723 -729,900 (5.98) 78,625,314
CANADIAN NATL RY CO COM 1,134,313 New 17,126,874
WASTE MGMT INC DEL COM 1,006,405 New 18,633,672
WAL-MART STORES INC COM 957,596 New 11,603,000
CATERPILLAR INC DEL COM 916,296 New 11,260,857
GRUPO TELEVISA SA SPON ADR REP ORD 564,775 New 16,879,103
FEDEX CORP COM 504,419 New 3,024,999
ECOLAB INC COM 501,222 New 4,366,425
COCA COLA FEMSA S A B DE C V SPON ADR REP L 493,573 New 6,214,719
CROWN CASTLE INTL CORP NEW COM 450,043 New 5,332,900
UNITED PARCEL SERVICE INC CL B 440,179 440,179 New 4,525,329
WALGREENS BOOTS ALLIANCE INC COM 298,849 298,849 New 3,475,398
BP PLC SPONSORED ADR 295,040 New 7,405,614
LIBERTY GLOBAL PLC SHS CL C 176,273 New 3,532,529
AUTONATION INC COM 122,372 New 1,898,716
LIBERTY GLOBAL PLC SHS CL A 109,547 New 2,119,515
REPUBLIC SVCS INC COM 54,446 New 1,350,000
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - 15,241 New 3,060,500
DIAMOND FOODS INC COM 340 340 New 10,412
COCA COLA CO COM -868,118 Sold Out 0