1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 302
Microsoft Corporation (NASDAQ:MSFT) is involved in the gig economy through LinkedIn Corporation which provides tools and programs for freelancers to learn skills and market their services, including LinkedIn Service Marketplace, LinkedIn Learning, and others. LinkedIn Learning allows gig workers to learn skills needed in their line of work while LinkedIn Service Marketplace offers freelance-for-hire services.
On March 12, Microsoft Corporation (NASDAQ:MSFT) announced a quarterly dividend of $0.75, payable by June 13 to the shareholders of record on May 16. As of May 6, the stock has a dividend yield of 0.74%.
In the fourth quarter of 2023, 302 hedge funds had stakes in Microsoft Corporation (NASDAQ:MSFT) with total positions worth $87.3 billion. As of Q4 of 2023, the Bill & Melinda Gates Foundation Trust is the most dominant shareholder in the company and has a position worth $14.37 billion.
Ithaka Group stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2024 investor letter:
“Microsoft Corporation (NASDAQ:MSFT) builds best-in-class platforms and provides services that help drive small business productivity, large business competitiveness, and public-sector efficiency. Microsoft’s products include operating systems, cross-device productivity applications, server applications, software development tools, video games, and business-solution applications. The company also designs, manufactures, and sells devices, including PCs, tablets, and gaming/entertainment consoles that all integrate with Azure, its cloud computing service. In the quarter Microsoft’s stock appreciated based on excitement surrounding the company’s positioning in the generative AI market and its ability to monetize the coming wave of corporate investment in supercomputing and AI, which will be through both Azure and Microsoft Copilot, the company’s new GenAI personal assistant.”
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