Obama Stock Portfolio: 10 Year Returns

5. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 293

Trailing 10-Year Returns: 27.35%

Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a prominent American multinational corporation specializing in technology. Renowned for its Windows line of operating systems, the Microsoft 365 suite of productivity applications, and the Edge web browser, Microsoft holds a significant position in the software industry. Microsoft Corporation (NASDAQ:MSFT) stands as the largest stock in the Vanguard index in which former President Barack Obama had stakes during his time in office.

Tigress Financial Partners recently updated their outlook on Microsoft Corporation (NASDAQ:MSFT), raising the 12-month price target to $550 while maintaining a Buy rating on the stock. The firm underscored Microsoft’s strategic positioning to lead the artificial intelligence (AI) revolution as a key driver of its robust financial performance.

Furthermore, in its recent earnings report, Microsoft Corporation (NASDAQ:MSFT) reported a 17% year-over-year increase in quarterly revenue, reaching $61.9 billion. This growth was driven by strong performances across various segments, notably a 23% increase in cloud revenue, which totaled $35.1 billion. The expansion of Microsoft’s cloud services, particularly Azure, has been pivotal to this success, with significant customer migration and a growing number of substantial Azure deals contributing to the impressive results.

Insider Monkey’s analysis of 919 hedge fund holdings for Q1 2024 revealed that 293 shareholders held stakes in Microsoft Corporation (NASDAQ:MSFT). Notably, Michael Larson’s Bill & Melinda Gates Foundation Trust emerged as the firm’s largest hedge fund shareholder, with holdings valued at $15.35 billion.