Levin Capital Strategies L.P. Cuts Microsoft Holdings
Levin Capital Strategies L.P., an investment firm, has reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by 2.4% during the first quarter. According to a recent SEC filing, the company now owns 135,383 shares of MSFT's stock, worth $50,115,000.
Microsoft makes up 3.8% of Levin Capital Strategies L.P.'s holdings, making it their third-largest position. This change in holding comes as part of a broader market trend, with institutional investors and hedge funds adjusting their stakes in the company.
The software giant recently reported quarterly earnings that exceeded expectations, with revenue increasing 17.7% year-over-year to $90.01 billion. Microsoft's quarterly revenue was also higher than analyst estimates, which stood at $87.62 billion.