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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Bill Gates Dumps 5.93M Microsoft and 2.48M Berkshire Hathaway Shares, Boosts FedEx Stake by 65% in Q3

Bill Gates bumps stake in FedEx amid massive company restructuring. (Credit: Bill & Melinda Gates Foundation)

According to a 13F filing with the US Securities and Exchange Commission, the Bill & Melinda Gates Foundation Trust reduced its stake in Microsoft (NASDAQ: MSFT) by 17% or 5.93 million shares to 28.957 million shares worth £9.82 billion ($12.46 billion) in Q3.

During the same quarter, the Microsoft co-founder also sold 2.48 million Berkshire Hathaway Class B (NYSE: BRK.B) shares, reducing stake in Warren Buffett's company by 10.08% to 22.137 million shares worth £8.03 billion ($10.19 billion).

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