Pursuits
Gates Foundation Ditches McDonald’s, Coca-Cola in Fourth Quarter
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The Gates Foundation Asset Trust, which manages the investments for the $42.3 billion Bill & Melinda Gates Foundation, liquidated its positions of McDonald’s Corp., Coca-Cola Co. and Exxon Mobil Corp. in the fourth quarter.
The trust sold 10.9 million shares of McDonald’s valued at $1 billion at the end of September, according to a regulatory filing. It sold 21.4 million shares valued at $914.2 million in Coca-Cola, and 8.1 million shares in Exxon Mobil that were worth $765.9 million.