Microsoft Stake Soars as Gibbs Wealth Management Boosts Holdings

Gibbs Wealth Management has significantly increased its stake in Microsoft Corporation (NASDAQ: MSFT) by 73.3% during the first quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.

The fund now owns 29,554 shares of Microsoft's stock after purchasing an additional 12,502 shares during the quarter. This represents about 1.4% of Gibbs Wealth Management's portfolio, making it its 13th biggest holding.

Microsoft makes up a significant portion of the company's holdings, valued at $10,940,000 at the end of the most recent quarter. Other large investors have also modified their holdings in Microsoft, with WFA Asset Management Corp growing its stake by 27.0% during the first quarter.