Posts Tagged ‘Bill & Melinda Gates Foundation’

Gates Foundation Stays with Big Names

August 24, 2010

The portfolio of the Bill & Melinda Gates Foundation’s endowment is remarkably stable over time. In part this is because Warren Buffett contributes Berkshire Hathaway shares, which account for a huge chunk of the endowment—$5.9 billion as of July. But the rest of the portfolio does not change much either, consistently emphasizing large-cap companies.

This worked to the endowment’s favor in the past year. As a recent report from Goldman Sachs says, “the biggest publicly traded companies have substantially outperformed the rest of the corporate sector and the economy as a whole.” (more…)