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Are these still top positions?

Bill Gates sells Microsoft and Berkshire Hathaway shares in the first quarter: are these still top positions?

Billionaire Bill Gates is best known as the co-founder and former CEO of Microsoft Corp. (NASDAQ:MSFT). He is also known for his philanthropic efforts for the Bill and Melinda Gates Foundation Trust.

These two items collided with Microsoft stock sales in the first quarter. Here’s what you need to know.

What happened: Gates resigned as CEO of Microsoft in 2000 and later left the board of directors in 2020.

The software giant’s co-founder remains a major shareholder in the company through his own shares and the stock holdings of the Bill and Melinda Gates Foundation Trust.

A new 13F filing for the Bill and Melinda Gates Foundation Trust reveals two key changes made in the first quarter.

The trust sold 1.7 million Microsoft shares and 2.6 million shares of Microsoft Berkshire Hathaway Inc (NYSE:BRK). The transactions reduced the weighting of these two stocks by 4.5% and 13.1% respectively.

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After the sales, the trust’s main assets, with values ​​as of the end of the first quarter, are:

Microsoft: 33.5% of portfolio, 36,499,597 shares, $15.4 billion

Waste Management, Inc. (NYSE:WM): 16.4% of portfolio, 35,234,344 shares, $7.5 billion

Berkshire Hathaway: 15.9% of portfolio, 17,303,097 shares, $7.3 billion

With the latest trades, Berkshire Hathaway moved from second place to third.

Related link: Microsoft Q3 earnings: revenue improvement, EPS improvement, ‘new era of AI transformation’ and more

Why it’s important: Gates owns Microsoft shares in his company Cascade investments vehicle and his personal belongings. The former CEO once owned 45% of the company when it went public in 1986.

The ownership stake has been reduced over the years by Gates and the Trust foundation, which represents his philanthropic efforts.

Berkshire Hathaway, led by Gates’ friend Warren Buffetthas been a top investment of Gates and shares are also donated to the trust by Buffett.

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The latest moves in the first quarter come as it was recently revealed that Gates’ ex-wife is Melinda French Gates resigns as co-chairman of the trust. French Gates will leave for her own philanthropic efforts with an additional pledge of $12.5 billion.

The former Microsoft CEO is listed as the fifth richest person on the Bloomberg Billionaires Index, with a net worth of $154 billion, up from $13.6 billion this year.

Gates’ sale of Microsoft shares comes at a time when the shares have soared over the past year thanks to new initiatives in artificial intelligence and growth. Shares of Microsoft are up 37% in the past year.

Read next: How Bill Gates Nearly Killed the Xbox: ‘This Is an Insult to Everything I’ve Done’

Photo: Lev Radin via Shutterstock

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This article Bill Gates sells Microsoft and Berkshire Hathaway shares in the first quarter: are these still top positions? originally appeared on Benzinga.com

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