Company type | Private |
---|---|
Industry |
Investments Conglomerate |
Founded | 1995 |
Founder | Michael Larson |
Headquarters | , United States |
Key people |
Bill Gates (
Chairman) Michael Larson ( CIO) |
Total assets | US$70 billion (2021) |
Owner | Bill Gates |
Number of employees | 100 [1] |
Subsidiaries |
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| ||
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Companies
Charitable organizations
Writings
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Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. [2] It is controlled by Bill Gates, and managed by Michael Larson. [3] More than half of Gates's fortune is held in assets outside his holding of Microsoft shares. [4] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates's holdings, which was managed by convicted felon Andrew Evans. [5]
Larson reportedly directs Cascade's investments through Bill and Melinda Gates Investments, a firm that also manages the portfolios of the Bill and Melinda Gates Foundation and other connected entities. [6] Larson accrued over the twenty years from 1995 an 11% compound annual return, [6] and as of 2014 had 100 employees working under his direction. [1] In 2021, Cascade drew attention due to allegations of toxic work environment caused by Larson. [7]
With 269,000 acres of farmland (which has been historically countercyclical to the stock market) being held through a wide network of shell companies, Cascade Investment is the largest farmland owner in the United States. [8]
Cascade has managed Gates' stake in Canadian National Railway since 2013. [9] This constituted one of the investment firm's largest holdings. [10] In 2022, the company sold $940 million worth of stocks, whittling Gates' stake down to 1.4 percent. [9]
Company | Ticker | Sector | Ownership % |
---|---|---|---|
Four Seasons Hotels and Resorts | Private | Hospitality | 71.25% [6] [11] |
Ecolab | NYSE: ECL | Conglomerate | 25% [12] |
Canadian National Railway | Rail transport | 14.2% [13] | |
FEMSA | Beverage and Retail | [6] | |
Berkshire Hathaway | Conglomerate | 4% [6] | |
Strategic Hotels & Resorts | Private | Hospitality | 9.8% [6] [14] |
Republic Services | NYSE: RSG | Waste management | 34.1% [15] |
Deere & Company | NYSE: DE | Agricultural, construction, forestry, outdoor power and turf maintenance equipment. OEM diesel and natural gas engine manufacturer. | 10.06% [16] |
Bunzl | LSE: BNZL | Distribution and Outsourcing | 6% [6] |
Carpetright | Private | Retail | 3% [6] |
Diageo | Beverages | 1.56% [17] | |
AutoNation | NYSE: AN | Car dealership | 14% [3] [18] [19] |
Microsoft | Nasdaq: MSFT | Software and Hardware conglomerate | 3.6% [3] |
Beyond Meat | Nasdaq: BYND | Food | [3] [20] |
Ritz-Carlton in San Francisco | Private | Hospitality | [1] |
TerraPower | Private | Nuclear power | [3] |
Transformco | Private | Retail and real estate | Debt interest [21] |
Vroom | Nasdaq: VRM | Car dealership | [22] |
StorageMart | Private | Self-storage | [23] |
Signature Aviation | Private | Aviation Services | [24] |
Company type | Private |
---|---|
Industry |
Investments Conglomerate |
Founded | 1995 |
Founder | Michael Larson |
Headquarters | , United States |
Key people |
Bill Gates (
Chairman) Michael Larson ( CIO) |
Total assets | US$70 billion (2021) |
Owner | Bill Gates |
Number of employees | 100 [1] |
Subsidiaries |
|
| ||
---|---|---|
Companies
Charitable organizations
Writings
Related
|
||
Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. [2] It is controlled by Bill Gates, and managed by Michael Larson. [3] More than half of Gates's fortune is held in assets outside his holding of Microsoft shares. [4] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates's holdings, which was managed by convicted felon Andrew Evans. [5]
Larson reportedly directs Cascade's investments through Bill and Melinda Gates Investments, a firm that also manages the portfolios of the Bill and Melinda Gates Foundation and other connected entities. [6] Larson accrued over the twenty years from 1995 an 11% compound annual return, [6] and as of 2014 had 100 employees working under his direction. [1] In 2021, Cascade drew attention due to allegations of toxic work environment caused by Larson. [7]
With 269,000 acres of farmland (which has been historically countercyclical to the stock market) being held through a wide network of shell companies, Cascade Investment is the largest farmland owner in the United States. [8]
Cascade has managed Gates' stake in Canadian National Railway since 2013. [9] This constituted one of the investment firm's largest holdings. [10] In 2022, the company sold $940 million worth of stocks, whittling Gates' stake down to 1.4 percent. [9]
Company | Ticker | Sector | Ownership % |
---|---|---|---|
Four Seasons Hotels and Resorts | Private | Hospitality | 71.25% [6] [11] |
Ecolab | NYSE: ECL | Conglomerate | 25% [12] |
Canadian National Railway | Rail transport | 14.2% [13] | |
FEMSA | Beverage and Retail | [6] | |
Berkshire Hathaway | Conglomerate | 4% [6] | |
Strategic Hotels & Resorts | Private | Hospitality | 9.8% [6] [14] |
Republic Services | NYSE: RSG | Waste management | 34.1% [15] |
Deere & Company | NYSE: DE | Agricultural, construction, forestry, outdoor power and turf maintenance equipment. OEM diesel and natural gas engine manufacturer. | 10.06% [16] |
Bunzl | LSE: BNZL | Distribution and Outsourcing | 6% [6] |
Carpetright | Private | Retail | 3% [6] |
Diageo | Beverages | 1.56% [17] | |
AutoNation | NYSE: AN | Car dealership | 14% [3] [18] [19] |
Microsoft | Nasdaq: MSFT | Software and Hardware conglomerate | 3.6% [3] |
Beyond Meat | Nasdaq: BYND | Food | [3] [20] |
Ritz-Carlton in San Francisco | Private | Hospitality | [1] |
TerraPower | Private | Nuclear power | [3] |
Transformco | Private | Retail and real estate | Debt interest [21] |
Vroom | Nasdaq: VRM | Car dealership | [22] |
StorageMart | Private | Self-storage | [23] |
Signature Aviation | Private | Aviation Services | [24] |