Bill Gates owns nearly 6 percent of Deere's stock

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Microsoft co-founder Bill Gates' investment Company now owns nearly 6 % of equipment maker Deere & Co.'s stock.

Bill Gates' investment firm, Cascade Investment LLC, reported in a filing with the Securities and Exchange Commission Tuesday that it holds 24.5 million shares of Deere.

Cascade Investment LLC says it spent about $571 million over the past 60 days to buy 7.5 million more shares of the world's largest maker of agricultural equipment.