Gates Foundation Bets Big on Home Improvement with $352M Depot Stake

The Bill & Melinda Gates Foundation Trust has taken a $352.7 million position in Home Depot, buying 1 million shares of the home improvement retailer and trimming its Berkshire Hathaway holdings by roughly $818 million.

This new investment represents a strategic move rather than an incremental addition to an existing stake, signaling the trust's rotation toward companies tied to domestic infrastructure and physical asset maintenance.

Home Depot shares were trading at $334.49 as of August 20, reflecting a modest 1.41% year-to-date decline and a more substantial 14.53% pullback over the trailing 12 months.