The Bill & Melinda Gates Foundation Trust invested in Apple, Amazon, Alphabet, Alibaba, and Twitter last quarter.
The investment arm of the world’s largest private foundation revealed the new tech bets, valued north of $450 million in total, in a recent financial filing.
The trust also trimmed its biggest holding, Warren Buffett’s Berkshire Hathaway, likely to finance the foundation’s efforts to combat coronavirus.
The coronavirus sell-off fueled a 19% drop in the value of its portfolio to about $17.4 billion.
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The Bill & Melinda Gates Foundation Trust placed big bets on technology titans in the first quarter, according to a recent Securities and Exchange Commission filing.
The trust, which manages the assets of the world’s largest private foundation, revealed new positions in Apple, Amazon, Google-parent Alphabet, Alibaba, and Twitter. Its stakes in the first four were valued between $100 million and $130 million each on March 31, while its Twitter holdings were worth about $7 million.See the rest of the story at Business Insider
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