The endowment of the Bill and Melinda Gates Foundation, closely watched because of its value focus and close association with Warren Buffett, was incrementally adding to positions in its portfolio during the third quarter of 2009 . {”s” : “bp,brk-a,brk-b,cat,ko,mcd,msft,wm,wmt,xom”,”k” : “c10,l10,p20,t10″,”o” : “”,”j” : “”} Bill Gates has famously set aside a major portion of the substantial wealth he accrued as Microsoft’s (Nasdaq: MSFT – News ) founder for his Bill and Melinda Gates Foundation, which, with assets of nearly $30.2 billion as of June 30, 2009, is the largest transparently operated charitable foundation in the world. It aims, among other things, to combat poverty and address a number of global health issues. The Foundation counts Gates’ friend and fellow billionaire Warren Buffett among its trustees. Buffett made headlines in 2006 when he pledged $30 billion in Berkshire Hathaway (NYSE: BRK-A – News , BRK-B – News ) stock to the Gates’ charitable efforts. While Gates’ money is managed by his investment officer, Michael Larson, his proximity to Buffett leads many to believe that he may be privy to the thinking of the world’s most famous investor. In June, Gates told Fortune Magazine “I’ve gotten a lot of great advice from Warren.” Looking at the Gates Foundation’s holdings from the end of Q3 , one can see that the endowment was adding to its massive Berkshire Hathaway stake. Elsewhere, Gates was making limited moves, adding shares of fast food chain McDonald’s (NYSE: MCD – News ), beverage maker Coca-Cola (NYSE: KO – News ), heavy equipment maker Caterpillar (NYSE: CAT – News ), and waste services firm Waste Management (NYSE: WM – News ). The Gates Foundation also held steady with large stakes in energy giants Exxon Mobil (NYSE: XOM – News ) and BP (NYSE: BP – News ) and discount retailer Wal-Mart (NYSE: WMT – News ). Looking at tickerspy.com’s graph charting the performance of the Gates Foundation’s end-of-Q3 top holdings so far this quarter, one can see that they are keeping pace with the market. If you want to see how your performance stacks up to the Gates Foundation’s or see some of his other holdings, visit tickerspy.com to see the endowment’s top positions and a chart of their combined performance . Pro portfolio performance is based on institutions’ top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time. Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from stem cells to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett! Read this articl e: Bill Gates Foundation Shares Buffett’s Value Focus (Indie Research)
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Bill Gates Foundation Shares Buffett’s Value Focus (Indie Research)
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