Dorsal Capital Partners Sees a 13% Boost in 2023: Its Top 5 Stock Picks

3. Microsoft Corporation (NASDAQ:MSFT)

Dorsal Capital Management’s Equity Stake: $287.33 Million
Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) is a software and infrastructure giant that diversifies Dorsal Capital Management in the technology sector. Best known for its office software suite, the company offers exposure to the burgeoning cloud computing sector through Microsoft Azure. Microsoft Corporation (NASDAQ:MSFT) has also strengthened its gaming unit spearheaded by the Xbox console by acquiring Activision Blizzard.

Microsoft Corporation (NASDAQ:MSFT) was up by about 45% in 2023 and one of the drivers behind dorsal Capital management’s 13% gain. The stock’s impressive performance stems from its push for opportunities around artificial intelligence through OpenAI.

The hedge fund increased its stakes in Microsoft Corporation (NASDAQ:MSFT) by 66% to $287.33 million. 306 out of the 910 hedge funds in Insider Monkey’s database had bought Microsoft Corporation (NASDAQ:MSFT) shares as of the end of Q3 2023.

Fisher Asset Management was a notable investor of Microsoft Corporation (NASDAQ:MSFT) via its $9.57 billion investment.

Madison Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter. Here is what the fund said:

“Microsoft Corporation’s (NASDAQ:MSFT) sustainable scorecard was updated with an unchanged rating of Above Average. The company’s board has an official Environmental, Social, and Public Policy Committee in addition to the traditional Audit, Compensation, and Governance committees. For ten years, Microsoft has publicly released data measuring the diversity of its workforce. With the prominence of Artificial Intelligence (AI), the company has launched a 5-point blueprint for governing AI to address public policy and regulation. Environmentally, Microsoft has multiple programs to be carbon negative by 2030. The company has signed Purchase Power Agreements for carbon-free energy totaling 13.5 Gigawatts.”

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