Argent Capital Sells Microsoft Shares Amid Institutional Investor Shift
Argent Capital Management LLC has reduced its stake in Microsoft Corporation by selling 40,798 shares during the first quarter. The institutional investor now owns 432,171 shares of Microsoft's stock, which represents about 5% of its portfolio and makes it the company's fourth-largest position.
The value of Argent Capital Management LLC's holdings in Microsoft was $159,977,000 as of its most recent filing with the Securities & Exchange Commission. This is not an isolated incident, as several other hedge funds and institutional investors have recently bought or sold shares of Microsoft stock.
Vanguard Group Inc., for example, raised its holdings in Microsoft by 2.3% during the fourth quarter and now owns over 717 million shares worth approximately $347 billion. State Street Corp also boosted its stake in Microsoft by 2.1% during the same period.