Bill Gates - Gates Foundation Trust
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    22
Portfolio value:    $31,665,505,891
Holdings Activity Buys Sells    History
History Stock Activity Share change % change to portfolio
Q1 2026
WM - Waste Management Inc. Reduce 4.47% 1,292,000 0.80
BRK.B - Berkshire Hathaway CL B Reduce 12.15% 2,358,460 3.35
MSFT - Microsoft Corp. Sell 100.00% 7,691,207 10.52
Q4 2025
BRK.B - Berkshire Hathaway CL B Reduce 10.84% 2,358,460 3.24
MSFT - Microsoft Corp. Reduce 16.32% 1,500,000 2.12
Q3 2025
HRL - Hormel Foods Corp. Reduce 5.01% 110,000 0.01
WCN - Waste Connections Reduce 5.12% 110,000 0.04
CNI - Canadian Natl Railway Co. Reduce 5.47% 3,000,000 0.65
KHC - Kraft Heinz Co. Reduce 5.72% 150,000 0.01
FDX - FedEx Corp. Reduce 5.92% 150,000 0.07
WMT - Walmart Inc. Reduce 7.70% 700,000 0.14
BRK.B - Berkshire Hathaway CL B Reduce 9.78% 2,358,460 2.40
WM - Waste Management Inc. Reduce 10.24% 3,300,000 1.58
CAT - Caterpillar Inc. Reduce 13.60% 1,000,000 0.81
MSFT - Microsoft Corp. Reduce 64.91% 17,000,000 17.70
CCI - Crown Castle International Corp. Sell 100.00% 1,420,072 0.31
UPS - United Parcel Service Sell 100.00% 755,089 0.16
Q2 2025
MSFT - Microsoft Corp. Reduce 7.96% 2,266,040 2.03
Q1 2025
BRK.B - Berkshire Hathaway CL B Reduce 12.63% 2,482,589 2.68
Q4 2024
MSFT - Microsoft Corp. Reduce 1.73% 500,000 0.48
BRK.B - Berkshire Hathaway CL B Reduce 11.21% 2,482,589 2.53
VRMMQ - Vroom Inc Sell 100.00% 31,250 0.00
Q3 2024
WM - Waste Management Inc. Reduce 8.51% 3,000,000 1.34
BRK.B - Berkshire Hathaway CL B Reduce 10.08% 2,482,589 2.12
MSFT - Microsoft Corp. Reduce 17.00% 5,932,350 5.56
Q2 2024
MSFT - Microsoft Corp. Reduce 4.41% 1,610,000 1.48
CVNA - Carvana Co. Sell 100.00% 2,600,000 0.10
Q1 2024
MSFT - Microsoft Corp. Reduce 4.48% 1,711,272 1.52
BRK.B - Berkshire Hathaway CL B Reduce 13.12% 2,613,252 2.20
VRM - Vroom Inc Sell 100.00% 2,500,000 0.00
Q4 2023
MSFT - Microsoft Corp. Reduce 2.74% 1,075,301 0.87
DE - Deere & Co. Reduce 9.20% 360,315 0.35
BRK.B - Berkshire Hathaway CL B Reduce 11.60% 2,613,252 2.35
AAPL - Apple Inc. Sell 100.00% 52,815 0.02
IYW - Ishares Tr Sell 100.00% 57,600 0.02
META - Meta Platforms Inc. Sell 100.00% 27,035 0.02
41IS - Unilever Plc Sell 100.00% 72,610 0.01
ADBE - Adobe Inc. Sell 100.00% 5,485 0.01
AMAT - Applied Materials Sell 100.00% 22,800 0.01
AMGN - Amgen Sell 100.00% 11,050 0.01
AMP - Ameriprise Financial Inc. Sell 100.00% 12,400 0.01
AMZN - Amazon.com Inc. Sell 100.00% 44,000 0.01
AVGO - Broadcom Inc. Sell 100.00% 6,500 0.01
BKNG - Booking Holdings Inc. Sell 100.00% 41,250 0.01
CB - Chubb Limited Sell 100.00% 10,250 0.01
CSCO - Cisco Systems Sell 100.00% 62,000 0.01
CVS - CVS Health Corp. Sell 100.00% 32,500 0.01
CVX - Chevron Corp. Sell 100.00% 21,500 0.01
ELV - Elevance Health Inc. Sell 100.00% 8,500 0.01
ETN - Eaton Corp. Sell 100.00% 26,100 0.01
GOOGL - Alphabet Inc. Sell 100.00% 38,400 0.01
GS - Goldman Sachs Group Sell 100.00% 7,060 0.01
JNJ - Johnson & Johnson Sell 100.00% 14,945 0.01
JPM - JPMorgan Chase & Co. Sell 100.00% 29,600 0.01
KBWB - Invesco Exch Traded Fd Tr Ii Sell 100.00% 50,270 0.01
LMT - Lockheed Martin Corp. Sell 100.00% 5,900 0.01
MS - Morgan Stanley Sell 100.00% 27,880 0.01
NSC - Norfolk Southern Corp. Sell 100.00% 11,700 0.01
NVDA - NVIDIA Corp. Sell 100.00% 9,165 0.01
ORCL - Oracle Corp. Sell 100.00% 39,800 0.01
PFE - Pfizer Inc. Sell 100.00% 68,000 0.01
PG - Procter & Gamble Sell 100.00% 22,975 0.01
PHM - PulteGroup Inc. Sell 100.00% 53,500 0.01
PNC - PNC Financial Services Sell 100.00% 17,400 0.01
SLB - Schlumberger Ltd. Sell 100.00% 47,005 0.01
TJX - TJX Companies Inc. Sell 100.00% 42,500 0.01
TMO - Thermo Fisher Scientific Sell 100.00% 5,675 0.01
TT - Trane Technologies plc Sell 100.00% 15,900 0.01
TTEN - Totalenergies Se Sell 100.00% 38,500 0.01
UNH - United Health Group Inc. Sell 100.00% 5,665 0.01
V - Visa Inc. Sell 100.00% 14,000 0.01
XLK - Technology Select Sect SPDR Sell 100.00% 24,300 0.01
XOM - Exxon Mobil Corp. Sell 100.00% 17,000 0.01
EMN - Eastman Chemical Sell 100.00% 25,000 0.00
LOW - Lowe's Cos. Sell 100.00% 8,983 0.00
GOOG - Alphabet Inc. CL C Sell 100.00% 14,000 0.00
MRK - Merck & Co. Sell 100.00% 17,740 0.00
AMT - American Tower Corp. Sell 100.00% 11,000 0.00
XLP - Select Sector Spdr Tr Sell 100.00% 25,500 0.00
HD - Home Depot Sell 100.00% 5,692 0.00
TGT - Target Corp. Sell 100.00% 15,200 0.00
PEP - PepsiCo Inc. Sell 100.00% 9,700 0.00
RTX - RTX Corp. Sell 100.00% 20,200 0.00
DIS - Walt Disney Co. Sell 100.00% 16,800 0.00
Q3 2023
BRK.B - Berkshire Hathaway CL B Reduce 10.39% 2,613,252 2.12
Q1 2023
BRK.B - Berkshire Hathaway CL B Reduce 20.25% 5,000,000 4.32
WEBR - Weber Inc Sell 100.00% 2,500,000 0.06
Q4 2022
BRK.B - Berkshire Hathaway CL B Reduce 16.84% 5,000,000 3.93
Q3 2022
BRK.B - Berkshire Hathaway CL B Reduce 14.41% 5,000,000 7.72
SAFM - Sanderson Farms Inc Sell 100.00% 524,236 0.64
Q2 2022
CNI - Canadian Natl Railway Co. Reduce 21.33% 2,787,539 1.89
Q1 2022
DE - Deere & Co. Reduce 12.96% 133,943 0.20
BRK.B - Berkshire Hathaway CL B Reduce 14.84% 5,000,000 6.56
CAT - Caterpillar Inc. Reduce 24.07% 2,331,518 2.11
MSFT - Microsoft Corp. Reduce 51.25% 993,083 1.47
WMT - Walmart Inc. Reduce 56.36% 3,900,880 2.47
FDX - FedEx Corp. Reduce 64.23% 959,350 1.09
UPS - United Parcel Service Reduce 67.57% 1,543,326 1.45
CCI - Crown Castle International Corp. Reduce 68.89% 3,143,974 2.88
TV - Grupo Televisa, S.A.B. Sell 100.00% 7,038,529 0.29
GOOG - Alphabet Inc. CL C Sell 100.00% 21,491 0.27
GOOGL - Alphabet Inc. Sell 100.00% 21,554 0.27
Q4 2021
BRK.B - Berkshire Hathaway CL B Reduce 12.92% 5,000,000 5.88
MSFT - Microsoft Corp. Reduce 34.04% 1,000,000 1.22
TV - Grupo Televisa, S.A.B. Reduce 56.83% 9,264,360 0.44
KSU - Kansas City Southern Sell 100.00% 2,190,000 2.56
AFRM - Affirm Holdings Inc. Sell 100.00% 35,229 0.02
Q3 2021
TV - Grupo Televisa, S.A.B. Reduce 3.41% 576,215 0.03
CAT - Caterpillar Inc. Reduce 4.64% 471,624 0.43
CNI - Canadian Natl Railway Co. Reduce 6.05% 841,114 0.37
WMT - Walmart Inc. Reduce 8.93% 678,967 0.40
CCI - Crown Castle International Corp. Reduce 10.27% 522,634 0.43
BRK.B - Berkshire Hathaway CL B Reduce 11.45% 5,000,000 5.82
UPS - United Parcel Service Reduce 18.48% 517,775 0.45
Q2 2021
LBTYK - Liberty Global Ltd CL C Sell 100.00% 507,517 0.06
LBTYA - Liberty Global Ltd CL A Sell 100.00% 380,772 0.05
Q1 2021
CCI - Crown Castle International Corp. Reduce 4.62% 246,220 0.18
CAT - Caterpillar Inc. Reduce 9.80% 1,104,101 0.90
BRK.B - Berkshire Hathaway CL B Reduce 11.88% 5,000,000 5.19
CNI - Canadian Natl Railway Co. Reduce 18.09% 3,071,985 1.51
WMT - Walmart Inc. Reduce 34.49% 4,002,294 2.58
UPS - United Parcel Service Reduce 38.09% 1,723,539 1.30
FDX - FedEx Corp. Reduce 50.62% 1,531,287 1.78
LBTYA - Liberty Global Ltd CL A Reduce 82.03% 1,738,743 0.19
LBTYK - Liberty Global Ltd CL C Reduce 86.05% 3,131,832 0.34
AAPL - Apple Inc. Sell 100.00% 1,002,088 0.60
AMZN - Amazon.com Inc. Sell 100.00% 604,600 0.44
TWTR - Twitter Inc Sell 100.00% 272,420 0.07
LILAK - Liberty LiLAC Group C Sell 100.00% 676,979 0.03
LILA - Liberty LiLAC Group A Sell 100.00% 276,443 0.01
Q4 2020
CNI - Canadian Natl Railway Co. Reduce 0.86% 147,606 0.07
BRK.B - Berkshire Hathaway CL B Reduce 10.61% 5,000,000 4.82
LILA - Liberty LiLAC Group A Reduce 25.37% 93,981 0.00
LILAK - Liberty LiLAC Group C Reduce 27.62% 258,303 0.01
AAPL - Apple Inc. Reduce 50.00% 1,002,088 0.53
AMZN - Amazon.com Inc. Reduce 50.00% 604,600 0.43
GOOG - Alphabet Inc. CL C Reduce 50.00% 21,490 0.14
GOOGL - Alphabet Inc. Reduce 50.00% 21,553 0.14
BABA - Alibaba Group Holdings Sell 100.00% 552,383 0.74
BXP - BXP Inc. Sell 100.00% 1,099,310 0.40
UBER - Uber Technologies Inc. Sell 100.00% 26,767 0.00
Q3 2020
SDGR - SCHRODINGER Inc. Reduce 28.65% 2,000,000 1.03
ARCO - Arcos Dorados Holdings Inc. Sell 100.00% 3,060,500 0.07
Q2 2020
SDGR - SCHRODINGER Inc. Reduce 0.00% 1 0.00
BRK.B - Berkshire Hathaway CL B Reduce 11.13% 5,000,000 5.27
Q1 2020
BRK.B - Berkshire Hathaway CL B Reduce 10.02% 5,000,000 5.30
Q4 2019
BRK.B - Berkshire Hathaway CL B Reduce 9.11% 5,000,000 4.90
BYND - Beyond Meat Inc Sell 100.00% 96,542 0.07
CNR - Core Natural Resources Inc. Sell 100.00% 13,731 0.00
Q2 2019
BRK.B - Berkshire Hathaway CL B Reduce 9.60% 5,000,000 4.81
MSFT - Microsoft Corp. Sell 100.00% 8,000,000 4.52
AN - AutoNation Inc. Sell 100.00% 1,898,717 0.32
Q1 2019
BRK.B - Berkshire Hathaway CL B Reduce 8.76% 5,000,000 4.66
MSFT - Microsoft Corp. Reduce 50.00% 8,000,000 3.71
WBA - Walgreens Boots Alliance Inc Sell 100.00% 3,475,398 1.08
Q4 2018
BRK.B - Berkshire Hathaway CL B Reduce 8.05% 5,000,000 4.15
MSFT - Microsoft Corp. Reduce 33.33% 8,000,000 3.54
Q3 2018
MSFT - Microsoft Corp. Reduce 25.00% 8,000,000 3.57
Q2 2018
BRK.B - Berkshire Hathaway CL B Reduce 8.54% 5,000,000 4.08
MSFT - Microsoft Corp. Reduce 20.00% 8,000,000 2.99
Q1 2018
BRK.B - Berkshire Hathaway CL B Reduce 7.87% 5,000,000 3.74
MSFT - Microsoft Corp. Reduce 16.67% 8,000,000 2.59
1LGE - Liberty Global Plc Sell 100.00% 636,044 0.05
1LGD - Liberty Global Plc Sell 100.00% 370,424 0.03
Q4 2017
BRK.B - Berkshire Hathaway CL B Reduce 7.29% 5,000,000 3.56
MSFT - Microsoft Corp. Reduce 14.29% 8,000,000 2.31
Q3 2017
MSFT - Microsoft Corp. Reduce 12.50% 8,000,000 2.39
Q2 2017
BRK.B - Berkshire Hathaway CL B Reduce 7.77% 5,000,000 4.42
Q1 2017
BRK.B - Berkshire Hathaway CL B Reduce 7.21% 5,000,000 4.28
Q4 2016
BRK.B - Berkshire Hathaway CL B Reduce 6.72% 5,000,000 3.91
Q2 2016
BRK.B - Berkshire Hathaway CL B Reduce 7.21% 5,000,000 4.13
Q1 2016
BRK.B - Berkshire Hathaway CL B Reduce 6.72% 5,000,000 3.96
Q4 2015
BRK.B - Berkshire Hathaway CL B Reduce 6.30% 5,000,000 3.78
BP - BP plc Sell 100.00% 6,134,939 1.09
Q3 2015
BP - BP plc Reduce 18.31% 1,374,857 0.32
Q2 2015
BRK.B - Berkshire Hathaway CL B Reduce 6.79% 5,000,000 3.87
RSG - Republic Svcs Inc Sell 100.00% 1,350,000 0.29
Q1 2015
BRK.B - Berkshire Hathaway CL B Reduce 6.36% 5,000,000 3.75
DMND - Diamond Foods Inc Sell 100.00% 10,412 0.00
Q4 2014
BRK.B - Berkshire Hathaway CL B Reduce 5.98% 5,000,000 3.18
MCD - McDonald's Corp. Sell 100.00% 10,872,500 4.75
KO - Coca Cola Co. Sell 100.00% 21,429,710 4.21
XOM - Exxon Mobil Corp. Sell 100.00% 8,143,858 3.53
CCI* - Crown Castle Intl Corp Sell 100.00% 5,332,900 1.98
Q3 2014
KO - Coca Cola Co. Reduce 36.98% 12,572,290 2.67
TTF - Thai Fd Inc Sell 100.00% 95,586 0.01
Q2 2014
BRK.B - Berkshire Hathaway CL B Reduce 6.49% 5,000,000 3.15
TTF - Thai Fd Inc Reduce 65.15% 178,668 0.01
Q1 2014
BRK.B - Berkshire Hathaway CL B Reduce 6.09% 5,000,000 2.96
Q4 2013
BRK.B - Berkshire Hathaway CL B Reduce 5.74% 5,000,000 2.92
PG - Procter & Gamble Sell 100.00% 1,500,000 0.58
APD - Air Products & Chemicals Sell 100.00% 963,279 0.53
TM - Toyota Motor Corp Sell 100.00% 153,300 0.10
DMND - Diamond Foods Inc Sell 100.00% 441,163 0.05
Q2 2013
BRK.B - Berkshire Hathaway CL B Reduce 7.73% 6,250,000 3.61
LMIG - Liberty Global Inc Sell 100.00% 2,119,515 0.86
FMX - Fomento Economico Mexicano Sell 100.00% 218,000 0.14
SIG - Signet Jewelers Limited Sell 100.00% 187,130 0.07
ALV - Autoliv Inc. Sell 100.00% 123,600 0.05
ORBK - Orbotech Ltd Sell 100.00% 823,300 0.05
Q1 2013
BRK.B - Berkshire Hathaway CL B Reduce 7.18% 6,250,000 3.35
Q4 2012
BRK.B - Berkshire Hathaway CL B Reduce 6.70% 6,250,000 3.19
COST - Costco Co. Sell 100.00% 6,128,000 3.55
CSX - CSX Corp. Sell 100.00% 4,800,000 0.58
EXPD - Expeditors Int'l Sell 100.00% 1,848,000 0.39
CX - Cemex Sell 100.00% 6,566,511 0.32
CMCSA - Comcast Corp. Sell 100.00% 1,000,000 0.21
Q3 2012
AN - AutoNation Inc. Reduce 20.84% 500,000 0.11
Q2 2012
BRK.B - Berkshire Hathaway CL B Reduce 5.80% 5,000,000 2.58
Q1 2012
BRK.B - Berkshire Hathaway CL B Reduce 5.48% 5,000,000 2.49
AN - AutoNation Inc. Reduce 52.82% 2,685,169 0.64
EXPE - Expedia Group Inc. Sell 100.00% 750,000 0.14
TRIP - TripAdvisor Inc. Sell 100.00% 598,737 0.10
SEMG - Semgroup Corp Sell 100.00% 25,668 0.00
Q4 2011
BRK.B - Berkshire Hathaway CL B Reduce 5.20% 5,000,000 2.43
EXPE - Expedia Group Inc. Reduce 50.00% 750,000 0.13
AN - AutoNation Inc. Reduce 52.89% 5,708,215 1.28
AMX - America Movil SAb De Cv Sell 100.00% 3,999,968 0.60
MTB - M&T Bank Corp. Sell 100.00% 500,000 0.24
MOO - Monsanto Co New Sell 100.00% 500,000 0.21
HNIB - Iac Interactivecorp Sell 100.00% 535,000 0.14
EKDKQ - Eastman Kodak Co Sell 100.00% 5,750,000 0.03
Q3 2011
CMCSK - Comcast Corp New Sell 100.00% 944,550 0.15
Q2 2011
BRK.B - Berkshire Hathaway CL B Reduce 4.38% 3,750,000 2.02
MTB - M&T Bank Corp. Sell 100.00% 499,998 0.28
Q1 2011
BRK.B - Berkshire Hathaway CL B Reduce 4.20% 3,750,000 1.98
Q4 2010
BRK.B - Berkshire Hathaway CL B Reduce 2.72% 2,500,500 1.41
MTB - M&T Bank Corp. Reduce 33.33% 250,000 0.14
GS - Goldman Sachs Group Sell 100.00% 500,000 0.49
DVN - Devon Energy Corp. Sell 100.00% 407,500 0.18
CTRA - Coterra Energy Inc. Sell 100.00% 775,550 0.16
RRC - Range Resources Corp. Sell 100.00% 575,000 0.15
Q3 2010
BOFLQ - Bank Fla Corp Naples Sell 100.00% 303,900 0.00
Q2 2010
MTB - M&T Bank Corp. Reduce 25.00% 250,000 0.16
BRYG - Bershire Hathaway Sell 100.00% 76,496,900 49.10
XTO - Xto Energy Inc Sell 100.00% 1,210,000 0.45
Q1 2010
EKDKQ - Eastman Kodak Co Reduce 4.96% 300,000 0.01
TSCO - Tractor Supply Sell 100.00% 1,000,000 0.51
MBGAF - Daimler Ag Sell 100.00% 861,800 0.44
HD - Home Depot Sell 100.00% 1,402,000 0.39
PGR - Progressive Corp. Sell 100.00% 2,000,000 0.34
DKS - Dick's Sporting Goods Inc. Sell 100.00% 1,300,000 0.31
1411467D - Coca Cola Enterprises Inc Sell 100.00% 1,000,000 0.20
VIAB - Viacom Inc New Sell 100.00% 500,000 0.14
Q4 2009
BRYG - Bershire Hathaway Reduce 3.07% 50,000 1.64
CROX - Crocs Inc. Sell 100.00% 668,017 0.04
Q3 2009
CROX - Crocs Inc. Reduce 77.73% 2,331,983 0.11
SGEN - Seattle Genetics Inc Sell 100.00% 3,021,088 0.39
Q2 2009
BRYG - Berkshire Hathaway Inc Del Reduce 3.84% 50,000 1.67
SGEN - Seattle Genetics Inc Reduce 14.20% 500,000 0.06
XLV - Select Sector Spdr Tr Sell 100.00% 14,655,000 4.19
SPL - Schering Plough Corp Sell 100.00% 14,957,200 4.16
MRKC - Merck & Co Inc Sell 100.00% 8,060,550 2.55
ABT - Abbott Labs Sell 100.00% 3,544,650 2.00
WYE - Wyeth Sell 100.00% 3,733,400 1.90
JNJ - Johnson & Johnson Sell 100.00% 2,515,156 1.56
BAX - Baxter International Inc. Sell 100.00% 2,042,800 1.24
PFE - Pfizer Inc. Sell 100.00% 3,390,700 0.55
LLY - Eli Lilly & Co. Sell 100.00% 938,000 0.37
TEVA - Teva Pharmaceutical Industries Ltd. Sell 100.00% 277,595 0.15
ALTH - Allos Therapeutics Inc Sell 100.00% 500,000 0.04
RDEA - Ardea Biosciences Inc Sell 100.00% 210,386 0.03
VRTX - Vertex Pharmaceuticals Sell 100.00% 95,000 0.03
XNPT - Xenoport Inc Sell 100.00% 130,000 0.03
AMAG - Amag Pharmaceuticals Inc Sell 100.00% 50,000 0.02
ARYX - Aryx Therapeutics Inc Sell 100.00% 480,799 0.02
AUXL - Auxilium Pharmaceuticals Inc Sell 100.00% 74,400 0.02
BMRN - BioMarin Pharmaceutical Inc. Sell 100.00% 104,856 0.02
ITMN - Intermune Inc Sell 100.00% 109,900 0.02
1664784D - Pharmasset Inc Sell 100.00% 83,641 0.01
CMEDQ - China Med Technologies Inc Sell 100.00% 72,300 0.01
INCY - Incyte Corp. Sell 100.00% 435,700 0.01
REGN - Regeneron Pharmaceuticals Sell 100.00% 35,500 0.01
CXR - Cox Radio Inc Sell 100.00% 100,000 0.00
MAPP - Map Pharmaceuticals Inc Sell 100.00% 46,524 0.00
Q1 2009
BRYG - Berkshire Hathaway Inc Del Reduce 3.70% 50,000 1.77
Q4 2008
BRYG - Berkshire Hathaway Inc Del Reduce 1.82% 25,000 0.98
CMCSK - Comcast Corp New Sell 100.00% 2,700,000 0.48
NSC - Norfolk Southern Corp. Sell 100.00% 800,000 0.47
ADM - Archer-Daniels-Midland Sell 100.00% 2,177,300 0.43
TYCN - Tyco Intl Ltd Bermuda Sell 100.00% 1,199,000 0.37
MLM - Martin Marietta Sell 100.00% 250,000 0.25
AAIG - American Intl Group Inc Sell 100.00% 2,500,000 0.07
DIS - Walt Disney Co. Sell 100.00% 100,000 0.03
SONY - Sony Group Corp. Sell 100.00% 100,000 0.03
HSNI - Hsn Inc Sell 100.00% 214,000 0.02
IILGV - Interval Liesure Group Inc Sell 100.00% 214,000 0.02
RDNT - RadNet Inc. Sell 100.00% 629,779 0.02
TKTM - Ticketmaster Sell 100.00% 214,000 0.02
RMD - ResMed Inc. Sell 100.00% 21,953 0.01
WAMUQ - Washington Mut Inc Sell 100.00% 3,000,000 0.00
Q3 2008
IAC - Iac Interactivecorp Sell 100.00% 1,070,000 0.23
ANSS - Ansys Inc Sell 100.00% 19,034 0.01
Q2 2008
BRYG - Berkshire Hathaway Inc Del Reduce 2.56% 25,000 1.18
ADM - Archer-Daniels-Midland Reduce 50.00% 2,177,700 0.95
Q1 2008
RPI - Respironics Inc Sell 100.00% 500,000 0.34
EICU - Visicu Inc Sell 100.00% 612,994 0.07
CLH - Clean Harbors Inc. Sell 100.00% 73,076 0.04
Q4 2007
NSC - Norfolk Southern Corp. Reduce 20.00% 200,000 0.11
SPL - Schering Plough Corp Sell 100.00% 14,957,200 5.20
GAS - Agl Res Inc Sell 100.00% 2,000,000 0.87
MBGAF - Daimler Ag Sell 100.00% 702,000 0.77
COV - Covidien Ltd Sell 100.00% 1,199,000 0.55
AON-W - Aon Corp Sell 100.00% 1,000,000 0.49
TEL - TE Connectivity plc Sell 100.00% 1,199,000 0.47
PFCB - P F Changs China Bistro Inc Sell 100.00% 1,000,000 0.33
HSP - Hospira Inc Sell 100.00% 347,010 0.16
ISR - Isoray Inc Sell 100.00% 1,000,000 0.04
PMD - Psychemedics Corp Sell 100.00% 222,700 0.04
BFTH - Bally Total Fitness Hldg Corp Sell 100.00% 178,431 0.00
Q3 2007
MBGAF - Daimler Ag Reduce 29.87% 299,000 0.42
TYI - Tyco Intl Ltd New Sell 100.00% 4,796,000 2.45
Q2 2007
FS - Four Seasons Hotel Inc Sell 100.00% 1,984,150 2.61
Q1 2007
GXP - Great Plains Energy Inc Sell 100.00% 775,084 0.44
8676 - Korea Fd Sell 100.00% 50,188 0.03
Q4 2006
GXP - Great Plains Energy Inc Reduce 56.84% 1,020,916 0.52
8676 - Korea Fd Reduce 89.71% 437,512 0.27
IAC - Iac Interactivecorp Reduce 92.54% 620,000 0.29
SPL - Schering Plough Corp Sell 100.00% 11,013,500 3.97
AMX - America Movil S A Dec V Sell 100.00% 3,000,000 1.93
AEE - Ameren Corp Sell 100.00% 1,339,100 1.15
BU3 - Bunge Limited Sell 100.00% 1,200,000 1.13
ED - Consolidated Edison Inc Sell 100.00% 1,486,000 1.12
PHM - PulteGroup Inc. Sell 100.00% 1,820,500 0.95
3570354Q - Centex Corp New Sell 100.00% 1,098,200 0.94
BAM.A - Brookfield Asset Mgmt Inc Sell 100.00% 1,235,400 0.89
DUKG - Duke Energy Corp New Sell 100.00% 1,552,844 0.77
D - Dominion Energy Inc. Sell 100.00% 589,600 0.74
KBH - Kb Home Sell 100.00% 1,013,000 0.72
9570 - Fpl Group Inc Sell 100.00% 788,600 0.58
SCHL - Scholastic Corp Sell 100.00% 1,150,000 0.58
CVX - Chevron Corp. Sell 100.00% 515,000 0.54
RYL - Ryland Group Inc Sell 100.00% 674,200 0.48
LEN - Lennar Corp. Sell 100.00% 574,300 0.42
WCIMQ - Wci Cmntys Inc Sell 100.00% 887,000 0.25
AES - Aes Corp Sell 100.00% 500,000 0.17
UV2A - Univision Communications Inc Sell 100.00% 100,000 0.06
Q2 2006
CIN - Cinergy Corp Sell 100.00% 674,900 0.81
DUK - Duke Energy Corp Sell 100.00% 500,000 0.38
Q1 2006
VIA/B - Viacom Inc Sell 100.00% 1,000,000 0.92
IFN - India Fd Inc Sell 100.00% 581,600 0.65
Q4 2005
SPY - SPDR S&P 500 ETF Trust Sell 100.00% 4,404,000 13.70
MHS - Medco Health Solutions Inc Sell 100.00% 2,010,952 2.79
Q3 2005
SPY - SPDR S&P 500 ETF Trust Reduce 10.20% 500,000 1.60
UCL - Unocal Corp Sell 100.00% 500,000 0.87
3080867Q - Maytag Corp Sell 100.00% 1,000,000 0.42
Q1 2005
SPL - Schering Plough Corp Sell 100.00% 11,013,500 6.87
IIF - Morgan Stanley India Inves Fd Sell 100.00% 541,321 0.50
Q4 2004
SCHL - Scholastic Corp Reduce 8.00% 100,000 0.09
SPY - SPDR S&P 500 ETF Trust Reduce 22.21% 1,400,000 4.36
SONY - Sony Group Corp. Reduce 93.33% 1,400,000 1.34
COX - Cox Communications Inc Sell 100.00% 9,375,900 8.66
FE - Firstenergy Corp Sell 100.00% 677,500 0.78
CE1 - Career Education Corp Sell 100.00% 50,000 0.04
Q3 2004
JNJ - Johnson & Johnson Reduce 14.86% 180,000 0.32
BAX - Baxter International Inc. Reduce 20.00% 500,000 0.55
Q2 2004
SONY - Sony Group Corp. Reduce 25.00% 500,000 0.64
PFE - Pfizer Inc. Reduce 27.84% 1,308,000 1.40
SPL - Schering Plough Corp Sell 100.00% 8,015,500 3.98
6683 - General Elec Co Sell 100.00% 2,000,000 1.87
THC - Tenet Healthcare Corp. Sell 100.00% 2,910,900 0.99
1059153Q - Saffron Fd Inc Sell 100.00% 276,100 0.08
Q1 2004
FS - Four Seasons Hotel Inc Reduce 3.25% 50,000 0.08
THC - Tenet Healthcare Corp. Reduce 41.37% 2,054,000 1.05
DUK - Duke Energy Corp Reduce 66.67% 1,000,000 0.65
CAH - Cardinal Health Inc. Sell 100.00% 655,000 1.28
597730Q - Extended Stay Amer Inc Sell 100.00% 200,000 0.09
Q4 2003
FS - Four Seasons Hotel Inc Reduce 25.20% 518,700 0.89
LLY - Eli Lilly & Co. Reduce 34.52% 457,000 0.93
JNJ - Johnson & Johnson Reduce 42.17% 605,000 1.03
KO - Coca Cola Co. Reduce 60.00% 300,000 0.44
HD - Home Depot Reduce 62.50% 1,000,000 1.09
DUK - Duke Energy Corp Reduce 66.67% 3,000,000 1.83
DIS - Walt Disney Co. Reduce 95.24% 2,000,000 1.38
UPS - United Parcel Service Sell 100.00% 500,000 1.09
CSX - CSX Corp. Sell 100.00% 1,050,000 1.05
BMY - Bristol-Myers Squibb Sell 100.00% 926,500 0.82
AN - AutoNation Inc. Sell 100.00% 950,000 0.57
SJR - Shaw Communications Inc Sell 100.00% 100,000 0.04
Q3 2003
FS - Four Seasons Hotels Inc Reduce 14.54% 350,300 0.54
LLY - Eli Lilly & Co. Reduce 54.42% 1,581,000 3.91
BDRBF - Bombardier Inc Sell 100.00% 1,150,000 0.14
JFI/WD - Jardine Fleming India Fund Sell 100.00% 276,100 0.08
Q2 2003
AN - AutoNation Inc. Reduce 5.00% 50,000 0.03
FS - Four Seasons Hotel Inc. Reduce 5.86% 150,000 0.16
SPY - SPDR S&P 500 ETF Trust Reduce 20.00% 1,576,000 5.35
CAH - Cardinal Health Inc. Reduce 57.05% 870,000 1.99
748957Q - Pharmacia Corp Sell 100.00% 615,500 1.07
Q1 2003
HD - Home Depot Reduce 27.27% 600,000 0.61
Q4 2002
UV2A - Univision Communications Inc. Reduce 90.00% 900,000 1.13
IIF - Ms India Investment Fund Inc. Sell 100.00% 541,321 0.25