Cascade Investment

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Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Template:Bill Gates series Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. [1] It is controlled by Bill Gates, and managed by Michael Larson.[2] More than half of Gates's fortune is held in assets outside his holding of Microsoft shares.[3] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates's holdings, which was managed by convicted felon Andrew Evans.[4]

Larson reportedly directs Cascade's investments through Bill and Melinda Gates Investments, a firm that also manages the portfolios of the Bill and Melinda Gates Foundation and other connected entities.[5] Larson accrued over the twenty years from 1995 an 11% compound annual return,[5] and as of 2014 had 100 employees working under his direction.[6] In 2021, Cascade drew attention due to allegations of toxic work environment caused by Larson.[7]

With 269,000 acres of farmland (which has been historically countercyclical to the stock market) being held through a wide network of shell companies, Cascade Investment is the largest farmland owner in the United States.[8]

Cascade has managed Gates' stake in Canadian National Railway since 2013.[9] This constituted one of the investment firm's largest holdings.[10] In 2022, the company sold $940 million worth of stocks, whittling Gates' stake down to 1.4 percent.[9]

Notable investments

Company Ticker Sector Ownership %
Four Seasons Hotels and Resorts Private Hospitality 71.25%[5][11]
Ecolab Template:Nyse Conglomerate 25%[12]
Canadian National Railway Template:Ubl Rail transport 14.2%[13]
FEMSA Template:Ubl Beverage and Retail [5]
Berkshire Hathaway Template:Ubl Conglomerate 4%[5]
Strategic Hotels & Resorts Private Hospitality 9.8%[5][14]
Republic Services Template:Nyse Waste management 34.1%[15]
Deere & Company Template:Nyse Agricultural, construction, forestry, outdoor power and turf maintenance equipment. OEM diesel and natural gas engine manufacturer. 10.06%[16]
Bunzl Template:Lse Distribution and Outsourcing 6%[5]
Carpetright Private Retail 3%[5]
Diageo Template:Ubl Beverages 1.56%[17]
AutoNation Template:Nyse Car dealership 14%[2][18][19]
Microsoft Nasdaq: MSFT Software and Hardware conglomerate 3.6%[2]
Beyond Meat Nasdaq: BYND Food [2][20]
Ritz-Carlton in San Francisco Private Hospitality [6]
TerraPower Private Nuclear power [2]
Transformco Private Retail and real estate Debt interest[21]
Vroom Nasdaq: VRM Car dealership [22]
StorageMart Private Self-storage [23]
Signature Aviation Private Aviation Services [24]

References

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External links

Template:Bill Gates

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