Was Osterweis Capital Management Right About These 5 Stocks?

2. Microsoft Corporation (NASDAQ:MSFT)

Osterweis Capital Management’s Stake Value: $82.2 million
Performance of the stock over the past 12 months as of November 24: -26%

As of Q3 2021, Osterweis Capital Management owns 291,806 shares in Microsoft Corporation (NASDAQ:MSFT), worth $82.2 million, representing 4.49% of the firm’s 13F portfolio.

On November 22, Wells Fargo analyst Micahel Turrin initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with an Overweight rating and $400 price target on its shares.

Here is what Polen Global Growth has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter:

“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.”