Cash out of the Gates Foundation? Hundreds of millions of dollars in apple and twitter stocks cleared in the first quarter


Tencent technology news on May 25, according to the Bill & Melinda Gates Foundation (Bill & Melinda Gates Foundation) recently submitted to the US Securities and Exchange Commission (SEC), before Bill Gates and Melinda Gates announced their divorce in early May, By the end of March, the foundation had fully cashed out its hundreds of millions of dollars worth of apple and twitter shares.
The bill and Melinda Gates Foundation, one of the world’s largest trust funds, disclosed that it had made a major change in its holdings before the couple announced their divorce. While clearing its shares in apple and twitter, the foundation also started to build a position in coupang, a South Korean e-commerce company. So far, the bill and Melinda Gates Foundation has not commented on the report.
According to previous information, the bill and Melinda Gates Foundation held 1 million shares of apple stock at the end of 2020. But by March 31, 2021, the company had emptied all of Apple’s shares. In 2021, the trend of Apple’s stock price has been inferior to the market, with a cumulative decline of 8% in the first quarter; The second quarter is up 2.7% so far. By contrast, the S & P 500 index rose 5.8% in the first quarter and 4.6% in the second.
Despite its recent poor performance, Apple’s stock is the most popular stock on Wall Street. In fact, apple stock is a component of Barron’s future focus stock index. Tim Cook, the company’s chief executive, has been at the helm of the company for nearly a decade. He testified last weekend for Apple’s court battle with epic, the developer of Fortress night, to prove that the company is not a monopoly and that the purpose of banning third-party app stores is to protect users.
The bill and Melinda Gates Foundation also cleared 272240 twitter shares in the first quarter. Twitter shares rose 17.5% in the first quarter and have fallen 14.4% so far in the second quarter. Before the Gates Foundation emptied twitter shares, the gates couple announced their divorce plan on twitter in early May. After twitter released its first quarter results, its share price fell in late April as investors were disappointed with the company’s outlook and user growth data. Ark investment management, which invests in Queen Cathie wood, opened its position in twitter shares in the same quarter as the Gates Foundation’s exit.
In addition to clearing apple and twitter shares, the Gates Foundation bought 5.7 million coupang shares in the first quarter. The Korean e-commerce company made an initial public offering in March. Coupang’s shares have fallen 23.0% since March 31, but are still up 8.6% from the $35 IPO price. Coupang previously announced the early lifting of the sales restriction period, allowing employees to sell shares. After analysts’ tepid assessment in April, the company’s share price began to fall. Despite this, coupang’s shares have returned to Softbank, an early investor.
Since the announcement of the divorce, Gates has transferred about $4 billion worth of company shares to Melinda. Gates is currently one of the richest people in the world, with a net asset of about $146 billion. According to reports, bill and Melinda do not have a prenuptial agreement, they rely on “separation contract” to split assets. The prenuptial agreement establishes the contract agreement at the time of divorce, but the separation contract is not very formal – it is a kind of legal agreement, which stipulates the rights and obligations of both parties, such as the custody and custody of children, and does not involve the court´╝ł Compiled by Tencent technology / Wuji)