The divestment reflects a possible change in the foundation’s investment strategy, although it still maintains a significant stake in the multinational conglomerate representing 16.67%.
The Bill and Melinda Gates Foundation, one of the largest and most influential philanthropic organizations in the world, sold 20% of its stake in Berkshire Hathaway of Warren Buffett, according to his latest Form 13F filed Monday.
The divestment reflects a possible change in the investment strategy of the foundationalthough it still maintains a significant stake in the multinational conglomerate that represents 16.67% of its portfolio, compared to 21.35% with a market value of around 6,070 million dollars.
Changes in other actions
Although the foundation has reduced its stake in the conglomerate, there have been no changes to its holdings in Microsoft Corporation, Canadian National Railway and Waste Management, Inc, which are the three most significant holdings in its portfolio. In addition, it sold Weber Inc (WEBR) in its entirety, which is no longer publicly traded.
Microsoft, the largest investment, represents 31.05% of the total portfolio, with a market value of approximately $11.32 billion.
Despite the sale, the foundation continued to pursue a diverse investment strategy across various sectors, including information technology, transportation, finance, industrials, materials, and commodities.
Interestingly, despite the changes, the foundation has not made any new investments this quarter. Instead, it has maintained its existing positions and increased its cash reserves by selling a portion of its stake in Berkshire. Bill Gates was seen at Berkshire’s annual investor conference on May 6.
Source: Ambito
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