Benzinga·2025-10-29 06:03Core Points - The Bill & Melinda Gates Foundation is under formal inquiry by the U.S. Senate regarding allegations of funding the Chinese Communist Party and its affiliates, which may violate its tax-exempt status [1][4] - In 2022, the foundation reportedly provided approximately $23 million in grants to over 20 Chinese entities, raising concerns about compliance with IRS regulations [2][4] - The foundation's trust, valued at $47.78 billion, holds significant investments in major companies like Microsoft, Berkshire Hathaway, and Waste Management, making it a key player in the market [3][5] Financial Operations - The Gates Foundation's portfolio is heavily concentrated, with 67% of its $47.78 billion value invested in just three stocks: Microsoft, Berkshire Hathaway, and Waste Management [5][6] - Microsoft is the foundation's largest holding, valued at $13 billion, representing 27% of the portfolio, followed by an $11.7 billion stake in Berkshire Hathaway and a $7.3 billion stake in Waste Management [6] - The foundation also has significant investments in Canadian National Railway Co. and Caterpillar Inc., valued at over $5.7 billion and $2.8 billion, respectively [6] Market Performance - Microsoft shares have seen a nearly 30% increase year-to-date, closing at $542.07 per share, with a strong price trend across various time frames [7] - The S&P 500 index ended 0.23% higher, while the Nasdaq 100 rose 0.74%, indicating a mixed performance in the broader market [8]