by Pam Martens and Russ Martens
Wall Street on Parade
It was just 11 days ago that we wrote the following about family office hedge funds like Archegos that are failing to publicly file a list of their stock positions along with the market values, as the SEC requires for entities managing more than $100 million:
“Another example is billionaire Bill Gates’ family office, Cascade Investment LLC. According to CaproAsia it ranks number 3 among the world’s largest family offices with $51 billion in assets. Cascade Investment LLC hasn’t filed a 13F form with the SEC since the quarter ending September 30, 2008 (coincidentally, the same quarter that Wall Street blew itself up, taking the stock market along with it). At that point in time, Cascade Investment showed $4.32 billion in stock positions. Its only filings since that time simply show what stocks it’s acquired and sold, but not the 13F which would show the full positions in its portfolio and their value.”
Since yesterday’s announcement that Bill and Melinda Gates have decided to divorce, we decided to wade through all of those individual filings by Cascade Investment. Here’s what we found.