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) 19,369

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

Sector Weighting

Basic Materials
Capital Goods 5.08%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 5.16%
Energy 1.65%
Financial 58.2%
Healthcare
Services 19.04%
Technology
Transportation 10.87%
Utilities

22 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
MCDONALDS CORP COM -1,063,331 Sold Out 0
COCA COLA CO COM -876,689 Sold Out 0
EXXON MOBIL CORP COM -723,582 Sold Out 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 11,271,725 -716,800 (5.98) 78,625,314
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - 18,700 New 3,060,500
AUTONATION INC COM 119,543 New 1,898,716
BP PLC SPONSORED ADR 320,145 New 7,405,614
CANADIAN NATL RY CO COM 1,127,976 New 17,126,874
CATERPILLAR INC DEL COM 983,861 New 11,260,857
COCA COLA FEMSA S A B DE C V SPON ADR REP L 500,968 New 6,214,719
CROWN CASTLE INTL CORP NEW COM 443,537 New 5,332,900
ECOLAB INC COM 497,554 New 4,366,425
FEDEX CORP COM 519,483 New 3,024,999
GRUPO TELEVISA SA SPON ADR REP ORD 622,333 New 16,879,103
LIBERTY GLOBAL PLC SHS CL C 181,590 New 3,532,529
LIBERTY GLOBAL PLC SHS CL A 112,567 New 2,119,515
REPUBLIC SVCS INC COM 54,338 New 1,350,000
WAL-MART STORES INC COM 911,996 New 11,603,000
WASTE MGMT INC DEL COM 933,361 New 18,633,672
DIAMOND FOODS INC COM 290 290 New 10,412