This infographic breaks down the Gates Foundation’s holdings(Q3 2025), led by Berkshire Hathaway ($10.94B, 29.91%) and Waste Management ($6.39B, 17.47%). Microsoft still holds strong at $4.59B (13.01%), but the rest of the portfolio leans hard into infrastructure: rail (Canadian National), machinery (Caterpillar, Deere), logistics (FedEx), and industrial hygiene (Ecolab).