5 Large-Cap Stocks to Buy According to Claes Fornell’s CSat Investment

2. Microsoft Corporation (NASDAQ:MSFT)

CSat Investment’s Stake Value: $1.1 million

Percentage of CSat Investment’s 13F Portfolio: 0.95%

Number of Hedge Fund Holders: 250

Market Capitalization as of 12/3/21: $2.4 trillion

Microsoft Corporation (NASDAQ:MSFT) is an American technology firm that is best known for its Windows operating system. One of the pioneering technology companies, Microsoft has diversified its businesses over the years to now cover notebooks, gaming consoles, and cloud computing among others.

Microsoft Corporation (NASDAQ:MSFT) brought in $45 billion in revenue and $2.27 in non-GAAP EPS for its first fiscal quarter, pleasing Wall Street by beating estimates for both. Credit Suisse set a $400 price target for the Windows maker in November 2021, sharing that it will deliver strong results in the upcoming years.

During Q3 2021, Mr. Fornell’s investment firm owned 4,807 Microsoft Corporation (NASDAQ:MSFT) shares which were worth $1.3 million and made up 0.95% of its portfolio. During the same time period, 250 of the 867 hedge funds surveyed by Insider Monkey had holdings in the technology firm.

Microsoft Corporation (NASDAQ:MSFT) was worth $2.4 trillion in market capitalization as of the close of trading on Friday, December 3, 2021.

Microsoft Corporation (NASDAQ:MSFT)’s largest shareholder is Ken Fisher’s Fisher Asset Management who owns 25 million shares worth $7 billion.

In its Q1 2021 investor letter, Polen Capital, mentioned Microsoft Corporation (NASDAQ:MSFT) outlining that:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”