Gates Foundation sold $1B worth of Berkshire stock last quarter — it’s still up $500M
Gates' fund is still 40% Berkshire
Gates vs. Buffett: Whose portfolio is bigger?
For what it’s worth, Berkshire Hathaway’s stock portfolios is huge compared to the Gates Foundation’s, with more than $202 billion in assets under management according to itslatest SEC disclosure.
That’s likely by design. The Foundation has generally kept its assets under management at around $20 billion over the past five years, as it presumably sells stock to fund charitable endeavours.
[Read: Warren Buffett would’ve saved billions investing in fintech over banks]
Berkshire, on the other hand, has increased the value of its assets under management significantly over the past half-decade, from $109.57 billion to more than $202 billion as of June 30.
Interestingly, the value of the two portfolios appear to share at leastsomecorrelation on a logarithmic scale, which you can see on the visualisation above.
As for what Gates’ largest stock market play has been so far this year, that’s biotech software unit Schrodinger Inc, which went public in February. The Microsoft co-founder’s Foundation had acquired 6.981 million Schrodinger shares by the end of March, worth $301 million at the time.
Gates’ fund didn’t touch its Schrodinger holdings last quarter. And if it hasn’t since then, it’s now sitting on more than $473 million worth of Schrodinger stock.
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
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