Gates-linked trust increases stakes in two Vietnamese property firms
Gates Foundation Trust has increased its holdings in two listed Vietnamese property firms as their shares face pressure. Both reported lower revenue and profit in the third quarter of 2026, though one posted nine-month profit growth driven mainly by a stake transfer.
Gates Foundation Trust, an investment trust linked to Bill Gates, has recently increased its stake in two listed Vietnamese property companies. According to a holdings report disclosed on November 12, the trust held about 1.3 million shares of CTCP Đầu tư và Kinh doanh Nhà Khang Điền, representing 0.11% of its share capital. That was 719,153 shares, or more than 110%, above the holding disclosed on June 11, 2026.
The trust also increased its holding in CTCP Bluemarq Group, formerly Tập đoàn Đất Xanh. According to information disclosed on November 10, investors associated with Dragon Capital held a combined 78.5 million shares in the company, representing 6.19% of its share capital. Gates Foundation Trust held nearly 2.07 million of those shares, about 1.1 million more than on November 4. At the close on November 13, Nhà Khang Điền shares stood at VND 15,700 and Bluemarq Group shares at VND 11,100.
Gates Foundation Trust has recently increased its holdings in two Vietnamese property companies.（VietVance）
Both companies reported weaker results for the third quarter of 2026. Bluemarq Group’s net revenue was VND 682 billion, down about 36% year on year, while after-tax profit was VND 3.2 billion, down 98%. For the first nine months, net revenue was about VND 2.882 trillion, up nearly 5% year on year, while after-tax profit was VND 252 billion, down about 51%.
Nhà Khang Điền’s third-quarter net revenue exceeded VND 41 billion, down 96.2% year on year, while after-tax profit was nearly VND 168 billion, down nearly 68%. For the first nine months, net revenue exceeded VND 483 billion, down 83%, while after-tax profit reached nearly VND 1.267 trillion, up nearly 51%. The profit growth came mainly from a gain of more than VND 896.3 billion on the transfer of its capital contribution in Công ty TNHH Phát triển Bất động sản Bình Trưng Mới. Gates Foundation Trust also reduced its holdings in other listed Vietnamese companies during the year.
Gates Foundation Trust holds and manages investment assets used to support the Gates Foundation’s activities. Bill Gates is a trustee of the trust, while Cascade Asset Management Company manages its assets.
Source: VietVance
