Gates Foundation Dives into Home Depot, Trims Berkshire Stake
The Bill & Melinda Gates Foundation Trust made a significant investment in Home Depot by purchasing $352.7 million worth of shares during Q2 2026.
To fund this move, the trust trimmed its Berkshire Hathaway holdings by roughly $818 million.
This decision came after Home Depot's fiscal 2026 Q2 earnings release on August 18, 2026, which showed a 5.7% year-over-year increase in net sales to $47.9 billion.
Adjusted earnings per share reached $4.92, surpassing the consensus estimate of $4.73.