Portfolio holdings of Michael Larson. Bill & Melinda Gates Foundation Trust's Portfolio. Michael Larson stock picks:
Stock Holdings
Michael Larson - Bill & Melinda Gates Foundation Trust

Period: Q2 2014
Portfolio date: 30 Jun 2014
No. of stocks: 20
Portfolio value: $19,969,062,000

Stock% of portfolioSharesRecent activityReported Price*
hist BRK.B - Berkshire Hathaway CL B 45.66 72,039,804 Reduce 6.49% $126.56
hist KO - Coca Cola Co. 7.21 34,002,000 $42.36
hist CAT - Caterpillar Inc. 6.13 11,260,857 $108.67
hist CNI - Canadian Natl Railway Co. 5.58 17,126,874 $65.02
hist MCD - McDonald's Corp. 5.48 10,872,500 $100.74
hist WMT - Wal-Mart Stores 4.36 11,603,000 $75.07
hist WM - Waste Management Inc. 4.17 18,633,672 $44.73
hist XOM - Exxon Mobil Corp. 4.11 8,143,858 $100.68
hist KOF - Coca-Cola FEMSA S A CV 3.54 6,214,719 $113.62
hist TV - Grupo Televisa SA 2.90 16,879,103 $34.31
hist ECL - Ecolab Inc. 2.43 4,366,425 $111.34
hist FDX - FedEx Corp. 2.29 3,024,999 $151.38
hist CCI - Crown Castle International Corp. 1.98 5,332,900 $74.26
hist BP - BP plc 1.93 7,315,267 $52.75
hist LBTYK - Liberty Global Inc. C 0.75 3,532,529 $42.31
hist AN - AutoNation Inc. 0.57 1,898,716 $59.68
hist LBTYA - Liberty Global Inc. 0.47 2,119,515 $44.22
hist RSG - Republic Services 0.26 1,350,000 $37.97
hist ARCO - Arcos Dorados Holdings Inc. 0.17 3,060,500 $11.20
hist TTF - Thai Fund Inc. 0.01 95,586 Reduce 65.15% $11.22

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it indicates the portfolio manager's confidence in the stock at that price and suggests at least some level of undervaluation or margin of safety.

Sector % analysis

Financials 45.67

Industrials 12.85

Consumer Staples 11.57

Services 9.87

Consumer Discretionary 6.05

Materials 4.36

Energy 4.11

Consumer Goods 3.54

Technology 1.98

Articles & Commentaries

19 Sep 2014 This Man's Job: Make Bill Gates Richer

Secretive Money Manager Michael Larson Helped Microsoft Co-Founder's Fortune Balloon to $82 Billion
12 Jul 2014 Bill Gates: Here’s a Chapter From My Favorite Business Book
Business Adventures, by John Brooks, is the best business book I’ve ever read. Unfortunately, it is not easy to find. The book went out of print in the early 1970s. The original publisher is out of business, and Brooks died in 1993. But his family kindly agreed to provide one chapter as a free e-book, which you can download below.

“Xerox Xerox Xerox Xerox,” which originally appeared in the April 1, 1967 issue of The New Yorker, demonstrates all the strengths that made Brooks such a special writer: his intellect, his ability to see the big picture, and his sense of humor.
12 Jul 2014 Bill Gates: The Best Business Book I’ve Ever Read

Not long after I first met Warren Buffett back in 1991, I asked him to recommend his favorite book about business. He didn’t miss a beat: “It’s Business Adventures, by John Brooks,” he said. “I’ll send you my copy.” I was intrigued: I had never heard of Business Adventures or John Brooks.

Today, more than two decades after Warren lent it to me—and more than four decades after it was first published—Business Adventures remains the best business book I’ve ever read. John Brooks is still my favorite business writer. (And Warren, if you’re reading this, I still have your copy.)...

02 Apr 2014 Bill & Melinda Gates: Why giving away our wealth has been the most satisfying thing we've done

In 1993, Bill and Melinda Gates—then engaged—took a walk on a beach in Zanzibar, and made a bold decision on how they would make sure that their wealth from Microsoft went back into society. In a conversation with Chris Anderson, the couple talks about their work at the Bill & Melinda Gates Foundation, as well as about their marriage, their children, their failures and the satisfaction of giving most of their wealth away.

21 Jan 2014 Bloomberg interview with Bill Gates

Microsoft founder and Chairman Bill Gates and Bloomberg LP founder Michael Bloomberg discuss poverty and philanthropy

14 May 2012 Bill Gates at Berkshire Meeting

Microsoft founder Bill Gates talks to CNBC's Becky Quick at the annual Berkshire shareholder meeting in Omaha, Nebraska. He addresses Buffett's prostate cancer diagnosis, his feelings about the shareholder meeting, gold, and billionaires agreeing to give away their money.

13 May 2012 Ecolab CEO Flattered By Gates Firms' Investment Strategy
The Minneapolis-based manufacturer of soaps and sanitizing equipment on Monday revealed that it will allow the Microsoft Corp. (MSFT) co-founder's Cascade Investment LLC and the Bill and Melinda Gates Foundation Trust to acquire up to 25% of Ecolab's shares.
11 Dec 2011 People Person
Melinda Gates discusses her fight against global poverty.