Bill Gates Sells Microsoft and Berkshire Hathaway Stock in Q1: Are They Still Top Positions? - Latest Global News

Bill Gates Sells Microsoft and Berkshire Hathaway Stock in Q1: Are They Still Top Positions?

Bill Gates Sells Microsoft and Berkshire Hathaway Stock in Q1: Are They Still Top Positions?

billionaire Bill Gates is best known as the co-founder and former CEO of Microsoft Corp. (NASDAQ:MSFT). He is also known for his philanthropic efforts Bill and Melinda Gates Foundation Trust.

These two items collided with sales of Microsoft shares in the first quarter. Here’s what you should know.

What happened: Gates resigned as Microsoft CEO in 2000 and later left the board in 2020.

The software giant’s co-founder remains a large shareholder in the company through his own holdings and the stock holdings of the Bill and Melinda Gates Foundation Trust.

A new 13F filing for the Bill and Melinda Gates Foundation Trust reveals two key changes made in the first quarter.

The trust sold 1.7 million Microsoft shares and 2.6 million shares of Berkshire Hathaway Inc (NYSE:BRK). The trades reduced the weightings of these two stocks by 4.5% and 13.1%, respectively.

After the sales, the trust’s top holdings, with values ​​as of the end of the first quarter, are:

Microsoft: 33.5% of the portfolio, 36,499,597 shares, $15.4 billion

Waste Management, Inc. (NYSE:WM): 16.4% of portfolio, 35,234,344 shares, $7.5 billion

Berkshire Hathaway: 15.9% of the portfolio, 17,303,097 shares, $7.3 billion

With the latest trades, Berkshire Hathaway moved from second place to third place.

Related Link: Microsoft Q3 Results: Revenue Exceed, EPS Exceed, “New Era of AI Transformation,” and More

Why it matters: Gates owns shares in Microsoft Cascade investments vehicle and his personal belongings. The former CEO once owned 45% of the company when it went public in 1986.

The ownership stake has been reduced over the years by Gates and the Foundation Trust that represents his philanthropic efforts.

Berkshire Hathaway, led by Gates’ friend Warren Buffettwas a top investment by Gates and also sees Buffett donating shares to the trust.

The latest moves in the first quarter came as it was recently announced that Gates’ ex-wife Melinda French Gates resigns as co-chair of the trust. French Gates will embark on her own charitable causes, donating an additional $12.5 billion.

The former Microsoft CEO is the fifth-richest person in the Bloomberg Billionaires Index with a fortune of $154 billion, up $13.6 billion since the start of the year.

Gates’ sale of Microsoft shares comes at a time when shares have risen sharply over the past year thanks to new initiatives and growth in artificial intelligence. Microsoft shares are up 37% in the last year.

Read more: How Bill Gates almost killed Xbox: ‘It’s an insult to everything I’ve done’

Photo: Lev Radin via Shutterstock

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This article Bill Gates Sells Microsoft and Berkshire Hathaway Stock in Q1: Are They Still Top Positions? originally appeared on Benzinga.com

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