Gates Foundation Trust Sells $8.8 Billion in Microsoft Shares Amid Stock Decline
The Gates Foundation Trust has offloaded 65% of its Microsoft stake in Q3 2025, reducing its holdings from $13.9 billion to $4.76 billion. The sale coincides with an 8% weekly drop in Microsoft shares, now trading at $487—down 12% from their late-October peak near $555.
Portfolio rebalancing and plans to increase annual grants to $9 billion by 2026 appear to drive the divestment. Insider activity shows 12 sales and zero purchases over six months, including CEO Satya Nadella’s sale of 149,205 shares. Despite the sell-off, Wall Street maintains 25 buy ratings with a median price target of $639.
Microsoft, once a cornerstone of the foundation’s portfolio, now ranks as its fourth-largest holding. Berkshire Hathaway leads at $10.9 billion, followed by Waste Management and Canadian National Railway.