According to a 13f filing with the US Securities and Exchange Commission, the Gates Foundation offloaded 2.48 million Class B shares of Berkshire Hathaway in Q1, worth £939.89 million ($1.25 billion) based on the closing price of £381.47 ($507.33) per share on 15th May.
The latest sale marks the third consecutive quarter the Gates Foundation has trimmed its stake in the company of his long-time friend Warren Buffett. Gates has sold over 7 million shares of the company in the past three quarters, but still holds 17.17 million Class B shares of Berkshire Hathaway worth £6.88 billion ($9.15 billion).
