Institutional Investors Drive Microsoft Stock Surge
Microsoft Corporation (NASDAQ:MSFT) has seen its stock increase in value thanks to the growing interest of institutional investors. Arrowstreet Capital Limited Partnership, a major investor, recently revealed that it had increased its holdings in Microsoft by 64.3% during the first quarter.
The company now owns 24,264,779 shares of Microsoft's stock, making up 4.9% of Arrowstreet Capital Limited Partnership's portfolio. This is the largest position held by the investor.
Other notable investors have also increased their stakes in Microsoft. Longfellow Investment Management Co. LLC boosted its stake in the company by 51.3% during the second quarter, while Fairway Wealth LLC grew its position in shares of Microsoft by 287.0% in the fourth quarter.