5 Technology Stock Picks of John Kim’s Night Owl Capital

1. Microsoft Corporation (NASDAQ:MSFT)

Night Owl Capital’s Stake Value: $53.1 million

Percentage of Night Owl Capital’s 13F Portfolio: 9.31%

Number of Hedge Fund Holders: 250

According to the third quarter filings, Microsoft Corporation (NASDAQ:MSFT) is the most significant investment in Night Owl Capital Management’s portfolio. In the third quarter of 2021, the fund owned 188,381 shares worth $53.1 million, making up 9.31% of the portfolio.

According to recent regulatory filings, on November 22, the CEO of Microsoft Corporation (NASDAQ:MSFT), Satya Nadella, sold around 838,600 of common stock worth $285.3 million which reduced his holding in the company by around 50%.

Polen Capital mentioned Microsoft Corporation (NASDAQ:MSFT) in its third-quarter 2021 investor letter. Here is what it said:

“After modest Portfolio activity during the second quarter of 2021, activity increased during the third quarter. We would broadly characterize the various trades into two objectives: 1) managing risk, and 2) managing valuation. In both cases, we aimed to maintain the Portfolio’s growth profile. In aggregate, we believe we were able to increase expected earnings growth while reducing risk and the overall portfolio valuation… We also trimmed Microsoft, which had grown to nearly 10% of the Portfolio. At an 8% weighting, it still represents one of our largest positions.”

You can also take a look at Matthew Davis’ Coann Capital Portfolio: Top 10 Stock Picks and Echo Street Capital Management: Greg Poole’s Top 10 Stock Picks.

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