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Gates Discloses Holdings in McDonald's, Progressive, Kodak

Bill Gates, billionaire chairman and co-founder of Microsoft, disclosed Tuesday that his foundation holds stakes in McDonald's, wireless tower operator Crown Castle International and Progressive, the third-largest U.S. auto insurer.

The Bill & Melinda Gates Foundation Trust reported its holdings as of June 30 in a quarterly filing with the U.S. Securities and Exchange Commission.

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The filing revealed that the trust holds 740,000 shares of McDonald's, the world's biggest restaurant company, 5 million shares of Crown Castle, and 1.5 million shares of Progressive.

The trust also reported that it had increased its stake in photography company Eastman Kodak to 2.6 million shares, from 100,000 shares as of March 31.

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