Cascade Investment

Cascade Investment, L.L.C. is an American holding and investment company headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson.[2] More than half of Gates' fortune is held in assets outside his holding of Microsoft shares.[3] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates' holdings, which was managed by Andrew Evans.[4]

Cascade Investment, L.L.C.
TypePrivate
IndustryInvestments
Conglomerate
Founded1995 (1995)
FounderBill Gates
Headquarters
Kirkland, Washington
,
United States
Key people
Bill Gates (Chairman)
Michael Larson (CIO)
OwnerBill Gates
Number of employees
100[1]
SubsidiariesFront Range Investment Holdings LLC,
Cottonwood Ag Management LLC,
Lakeland Sands Florida, LLC

Notable investments
CompanyTickerSectorOwnership %
Four Seasons Hotels and Resorts Private Hospitality 47%[5][6]
Ecolab NYSE: ECL Conglomerate 25%[7]
Canadian National Railway
Rail transport 14.2%[8]
FEMSA NYSE: FMX Beverage and Retail [5]
Berkshire Hathaway
Conglomerate 4%[5]
Strategic Hotels & Resorts Private Hospitality 9.8%[5][9]
Republic Services NYSE: RSG Waste management 34.1%[10]
Deere & Company NYSE: DE Agricultural, construction, forestry, outdoor power and turf maintenance equipment. OEM diesel and natural gas engine manufacturer. 10.06%[11]
Bunzl LSE: BNZL Distribution and Outsourcing 6%[5]
Carpetright LSE: CPR Retail 3%[5]
Diageo
Beverages [5]
AutoNation NYSE: AN Car dealership 14%[2][12][13]
Microsoft NASDAQ: MSFT Software and Hardware conglomerate 3.6%[2]
Beyond Meat NASDAQ: BYND Food [2][14]
Ritz-Carlton in San Francisco Private Hospitality [15]
TerraPower Private Nuclear power [2]
Transformco Private Retail and real estate Debt interest[16]
Vroom NASDAQ: VRM Car dealership Page 151
StorageMart Private Self-storage [17]

See also

References
  1. Bort, Julie (September 20, 2014). "Meet Bill Gates' Investment Manager". Slate Magazine.
  2. Das, Anupreeta; Karmin, Craig (2014-09-19). "This Man's Job: Make Bill Gates Richer". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-02-07.
  3. Miller, Matthew. "Gates No Longer World's Richest Man". Forbes.com. Retrieved 2012-11-01.
  4. Torres, Craig. "Convicted Felons Handle Gates Fortune". nwsource.com. Retrieved 2014-09-14.
  5. "Cascade Investment, Bill Gates' wealth manager". Financial Times. 2015-10-21. Retrieved 2018-02-07.
  6. "Four Seasons Hotels agrees to bid from Gates and Alwaleed – Business – International Herald Tribune". The New York Times. 2007-02-12. ISSN 0362-4331. Retrieved 2018-02-07.
  7. Stych, Ed (2012-05-07). "Bill Gates' stake in Ecolab could get bigger". Minneapolis/St. Paul Business Journal. Retrieved 2018-02-07.
  8. "SCHEDULE 13G". Retrieved 2020-04-21.
  9. GALLUN, ALBY (August 10, 2015). "Could Bill Gates be the next owner of Strategic Hotels?". Crain Communications.
  10. "DEF 14A". www.sec.gov. Retrieved 2020-04-21.
  11. "Deere & Co. DEF 14A". Securities and Exchange Commission. Retrieved 2021-02-06.
  12. "Bill Gates is $9.5 billion richer than he was a year ago, worth over $100 billion, but not just from Microsoft". businessinsider.com. Retrieved March 24, 2019.
  13. "Cascade Investment – Latest 13F Holdings". Fintel. Retrieved 2018-09-02.
  14. "The Bill Gates-backed company that's reinventing meat". Fortune. Retrieved 2018-02-07.
  15. Bort, Julie (2014-09-20). "The Man Making Bill Gates Richer". Slate. ISSN 1091-2339. Retrieved 2018-02-07.
  16. Zumbach, Lauren (June 4, 2018). "Sears gets more time to repay lenders, including funds tied to CEO Edward Lampert and Bill Gates". Chicago Tribune. Retrieved 2020-03-02.
  17. "Bill Gates' Cascade Investment, GIC buy stakes in StorageMart". CRE Herald. Retrieved 2020-10-15.


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