Gates Foundation Trust

Totals and row counts match what the filer declared.

• Source: the information tables of Form 13F-HR and 13F-HR/A filed by this filer on SEC EDGAR.
• Amendments: a restatement replaces the original table; a new-holdings amendment adds rows. Nothing is counted twice.
• Rows for the same security (CUSIP, share type and option side) are added together across managers and discretion types.
• Values are US dollars as reported at the quarter end. Weights are each line’s share of the period’s total reported value; options count at the value the filer reported.
• A change is classified by share count. A stock split adjusts the comparison only when the issuer recorded it in its own SEC filing (XBRL split ratio). A split suggested only by the 13F data, or a CUSIP change matched by ticker or name, is shown as an unverified change, never as a purchase or sale. For positions held in both quarters, the value change is split into a price effect and a share-count effect using the period-end value per share implied by the filing.
• When a security’s CUSIP changes but the ticker or issuer stays the same, the two lines are shown as one holding with an unverified change.
• If a filing’s value per share is about 1/1000 of what other covered filers reported for the same securities, the page flags that the filer may have reported thousands of dollars. This is an inference, not a confirmation, and values are never changed because of it.
• Tickers are matched from CUSIPs through the open FIGI identifier standard; sectors come from issuers’ SEC industry codes. Unmatched lines stay unclassified.
• No price information from before a filing’s publication date is used, and nothing here is a return, a forecast or a recommendation.