Bill Gates' Foundation Trust and Berkshire Hathaway Share a Common Stock in Their Portfolios
The latest 13F filings reveal that Bill Gates’ foundation trust and Warren Buffett’s Berkshire Hathaway, now led by Greg Abel, both held shares of Kraft Heinz (KHC) as of the end of Q2. This stock represented 2.6% of Berkshire's portfolio book value, while the Gates Foundation had a $58.4 million stake in KHC. Under new CEO Steve Cahillane, who took over earlier this year, Kraft Heinz has shown signs of improvement. The company raised its full-year organic sales guidance and reported a 10% increase in free cash flow compared to the previous year. Analysts suggest that Berkshire’s continued ownership signals confidence in KHC's potential as an acquisition target. However, challenges remain for the packaged food sector overall, with declining profits at Kraft Heinz last quarter due to higher marketing costs and compensation expenses. The broader category of major packaged foods has delivered negative five-year returns compared to gains on the S&P 500.
Tickers: $KHC
Topics: Berkshire Hathaway Bill Gates Kraft Heinz stock holdings