Cascade Investment

Cascade Investment, L.L.C.

Type	Limited liability company
Industry	Investments Conglomerate
Founded	1994
Founder	Bill Gates
Headquarters	Kirkland, Washington, U.S.
Key people	Bill Gates (Chairman) Michael Larson (Manager and CIO)

Cascade Investment, LLC is an American holding and investment company headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson. More than half of Gates' fortune is held in assets outside his holding of Microsoft shares.^[1] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates' holdings, which was managed by Andrew Evans.^[2]

List of investments and companies

The company describes itself as a diversified investment company. Its investments include:

Company	Ticker	Sector	Ownership %	Acquisition Date
Arcos Dorados Holdings	NYSE: ARCO	Restaurants	6.65	Unknown
AutoNation	NYSE: AN	Auto Retailer	Unknown	Unknown
Berkshire Hathaway	NYSE: BRK.A	Diversified	5	Unknown
Canadian National Railway	NYSE: CNI	Transport	12[3]	Unknown
Carpetright	LSE: CPR	Flooring	5.95[4]	Unknown
Coca-Cola FEMSA	NYSE: KOF	Beverage	20 [5][6]	Unknown
Dante-O-Giovanni Corporation	Unknown	Unknown	Unknown	Unknown
Ecolab	NYSE: ECL	Unknown	11 [7]	Unknown
ElBarbary Investment Group	Unknown	Unknown	Unknown	Unknown
FEMSA	Unknown	Unknown	Unknown	Unknown
Four Seasons Hotels and Resorts	Unknown	Unknown	47.5[8]	Unknown
ICOS	Unknown	Unknown	Unknown	Unknown
John Deere	NYSE: DE	Agricultural Equipment	8.3	Unknown
Liberty Global	Unknown	Unknown	4.1[9]	Unknown
Microsoft Corporation	Unknown	Unknown	Unknown	Unknown
Newport News Shipbuilding	Unknown	Unknown	100	Unknown
Nimbus Discovery[10]	Unknown	Unknown	Unknown	Unknown
OANDA Corporation[11]	Unknown	Unknown	Unknown	Unknown
Otter Tail Power Company	Unknown	Unknown	Unknown	Unknown
Pan American Silver Corporation	TSX: PAA	Metals	Unknown	Unknown
Republic Services, Inc	NYSE: RSG	waste management	10[12]	Unknown
Sapphire Energy[13]	Private	Biofuel	Unknown	2008
Schrödinger[14][15]	Private	Science	Unknown	2010
Schnitzer Steel Industries	NYSE: SCHN	Scrap Metal and Steel	Unknown	Unknown
Sears Holdings[16]	NYSE: SCHN	Embedded retailer in a Real Estate Co	Unknown	Unknown
Televisa [17]	NYSE: TV	Media	95	Unknown
Waste Management, Inc[18]	NYSE: WM	waste management	Unknown	Unknown

Past Investments

Company	Ticker	Sector	Ownership %	Acquisition Date	Sale Date	Fate
Scient	Unknown	IT	Unknown	Unknown	Unknown	Publicis Takeover

See also

• Holding company
• Berkshire Hathaway

References

1. Miller, Matthew. "Gates No Longer World's Richest Man". Forbes.com. Retrieved 2012-11-01.
2. Torres, Craig. "Convicted Felons Handle Gates Fortune". nwsource.com. Retrieved 2014-09-14.
3. "Bill Gates largest shareholder in Canadian National". The Globe and Mail (Toronto). 2012-08-23.
4. http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P00007O2X%5d3%5d0%5dE0WWE%24%24ALL&Id=0P00007O2X&ClientFund=0&CurrencyId=GBP
5. Groom, Nichola (2008-08-01). "Bill Gates discloses 20 pct Coca-Cola Femsa stake | Reuters". Uk.reuters.com. Retrieved 2012-11-01.
6. "Coca-Cola Stock Chart & Data". 2014-10-07.
7. "Cleaning up". The Economist. 2013-10-05.
8. "Four Seasons Chief Is Feeling the Squeeze". The Wall Street Journal. 2013-12-10.
9. "SCHEDULE 13G". SEC. 2014-12-05.
10. "Nimbus Discovery Secures $24MM Series A Financing". 2008-06-28.
11. "$100-Million Investment in OANDA Corporation Recognizes Growth Potential in the Frenetic World of Forex". OANDA. 2007-09-17. Retrieved 2012-11-01.
12. http://www.secform4.com/insider-trading/1052192.htm
13. Martin LaMonica (2008-09-17). "Bill Gates invests in algae fuel | Green Tech - CNET News". News.cnet.com. Retrieved 2012-11-01.
14. "Schrödinger Receives Additional Equity Investment from Bill Gates". 2012-12-12.
15. "Bill Gates Takes Stake in Creating New Drugs". The Wall Street Journal. 2010-04-29.
17. "Bill Gates aumenta su participación accionaria en Televisa". Alt1040.com. 2010-02-23. Retrieved 2012-11-01.
18. "Why Bill Gates Loves These 'Garbage' Stocks". Nasdaq.com. Nasdaq.com. Retrieved 23 January 2015.

External links

• Cascade Investment, L.L.C.: Private Company Information - BusinessWeek
• Google Answers: Bill Gates and his companies
• Legal Letter from Mark R. Beatty (General Counsel of Cascade Investment, L.L.C.)