Bill Gates Foundation Trust holds $3.6 billion in Caterpillar shares, up 183% over the past year, as the industrial giant powers AI data centers

The Bill & Melinda Gates Foundation Trust holds 6,353,614 shares of Caterpillar valued at $3,639,794,852, with CAT shares up 183% over the past year and 59% year-to-date as of May 5.

Caterpillar's Power Generation revenue rose 41% to $2.817 billion in Q1 2026, driven by large reciprocating engines and turbines serving data center customers. The company also operates software platforms—Cat MineStar, Cat Command, and Cat Connect—that use AI and computer vision for autonomous equipment and predictive maintenance across millions of machines.

Q1 2026 total revenue hit $17.415 billion, up 22% year-over-year, with Construction Industries jumping 38% to $7.161 billion. The company deployed $5.70 billion to shareholders in the quarter and reported a record backlog.