Bill Gates pulls $818M from Berkshire to buy this giant

Bill Gates recently shifted $818 million from his Berkshire Hathaway holdings to purchase a significant stake in The Home Depot, as revealed in the Bill & Melinda Gates Foundation Trust's latest 13F filing. This move comes at a time when The Home Depot is experiencing its strongest comparable sales growth since 2022, despite the housing market being considered "frozen."

The Home Depot's CFO, Richard McPhail, acknowledged the challenging market conditions and highlighted the company's focus on capturing spending from smaller, non-discretionary repair and maintenance projects. The trust's investment in The Home Depot, which now holds 1 million shares, aligns with the foundation's broader strategy of supporting companies that benefit from domestic economic activity and physical asset maintenance.