Bill And Melinda Gates Foundation Sells 20% Stake In Warren Buffett's Berkshire Hathaway - $BRK.B
- 11 months ago
The Bill and Melinda Gates Foundation, one of the world’s largest and most influential philanthropic organizations, sold 20% of its stake in Warren Buffett's Berkshire Hathaway (NYSE: BRK-B), as per its latest 13F filing issued Monday.
The divestiture reflects a potential shift in the foundation’s investment strategy, though it still retained a significant holding in the multinational conglomerate, representing 16.67% of its portfolio, down from 21.35% with a market value of around $6.07 billion.
Although the foundation reduced its stake in the conglomerate, there were no changes to its holdings in Microsoft, Canadian National Railway, and Waste Management, which are the three other most significant positions in its portfolio. It completely sold Weber Inc (WEBR); it is no longer traded.
The divestiture reflects a potential shift in the foundation’s investment strategy, though it still retained a significant holding in the multinational conglomerate, representing 16.67% of its portfolio, down from 21.35% with a market value of around $6.07 billion.
Although the foundation reduced its stake in the conglomerate, there were no changes to its holdings in Microsoft, Canadian National Railway, and Waste Management, which are the three other most significant positions in its portfolio. It completely sold Weber Inc (WEBR); it is no longer traded.