Gates' Foundation Tops $10 Billion; Icahn Cuts Yahoo Stake - General * US * News * Story

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Gates Boosts Waste Management, Coca Cola Stakes

Published: Monday, 16 Nov 2009 | 6:30 PM ET

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By: Reuters

The Bill and Melinda Gates foundation increased its holdings in Waste Management, Coca Cola, McDonald's and Berkshire Hathaway Class B in the third quarter, causing the total value of the fund to rise by about $2.6 billion, according to an SEC filing.

Bill Gates
Bill Gates

Gates' foundation, which increased in value from $7.49 billion to $10.14 billion in the third quarter, raised its stake in Waste Management [WMI Loading... () ] to 15.7 million shares, up from 7.8 million.

It upped its stake in Coca Cola [KO Loading... () ] to 6.7 million shares — about a 1 million share increase — and increased its holding in McDonald's [MCD Loading... () ] to 7.4 million.

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The fund also raised its holding in Berkshire Hathaway's Class B [BRK.B Loading... () ] to 1.6 million shares.

All of these figures were as of Sept. 30 and came as part of a mandatory filing that requires some investors who manage upward of $100 million to disclose their holdings.

Meanwhile, billionaire investor Carl Icahn dissolved his 3.8 million share stake in Guaranty Financial Group [GFG Loading... () ] and cut his stake in Yahoo [YHOO Loading... () ] to 12.6 million from 15.1 million, according to a separate filing.