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Should You Hold Microsoft Corporation (MSFT)?

Diamond Hill Capital, an investment management company, released its “Large Cap Concentrated Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 12.13% net of fees compared to a 7.24% return for the Russell 1000 Index. Holdings in the consumer discretionary, industrials, and financials sectors contributed towards the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Diamond Hill Large Cap Concentrated Strategy highlighted stocks like Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter. Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops, and licenses software, services, devices, and solutions. On March 24, 2023, Microsoft Corporation (NASDAQ:MSFT) stock closed at $280.57 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was 12.58%, and its shares lost 7.61% of their value over the last 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.089 trillion.

Diamond Hill Large Cap Concentrated Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Other bottom contributors to return included railroad operator Union Pacific, software and IT services provider Microsoft Corporation (NASDAQ:MSFT), and banking and financial services company Truist Financial. Union Pacific and Microsoft, though among our bottom contributors, still contributed positively to performance in Q4 as their share prices rose 7% and 3%, respectively. Truist’s stock ended flat in Q4.”

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Microsoft Corporation (NASDAQ:MSFT) holds the first position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 259 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the fourth quarter which was 269 in the previous quarter.

We discussed Microsoft Corporation (NASDAQ:MSFT) in another article and shared the list of best long term dividend stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.