Is it Still Worthy to Keep Your Microsoft (MSFT) Shares?

Polen Capital, an investment management firm, released its “Polen Global Growth” third quarter 2023 investor letter, a copy of which can be downloaded here. Polen Capital’s Global Growth Composite Portfolio, referred to as the “Portfolio,” experienced a decrease of -3.19% and -3.46% gross and net of fees, which closely tracked the performance of the MSCI ACWI, known as the “Index,” which declined by -3.40% over the quarter. Take a moment to review the fund’s top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, Polen Global Growth mentioned Microsoft Corporation (NASDAQ:MSFT) and explained its insights for the company. Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based multinational technology corporation with a $2.6 tillion market capitalization. Microsoft Corporation (NASDAQ:MSFT) delivered a 47.11% return since the beginning of the year, while its 12-month returns are up by 59.36%. The stock closed at $352.80 per share on November 3, 2023.

Here is what Polen Global Growth has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2023 investor letter:

“During the quarter, we trimmed Microsoft  For ServiceNow and Microsoft, the price of each business has increased since the beginning of the year. We felt it prudent to trim the position sizes back, with ServiceNow representing a slightly below average Portfolio weight and Microsoft remaining as one of the largest positions.”

Pixabay/Public Domain

Our calculations show that Microsoft Corporation (NASDAQ:MSFT) ranks 1st on our list of the 30 Most Popular Stocks Among Hedge Funds. Microsoft Corporation (NASDAQ:MSFT) was in 300 hedge fund portfolios at the end of the second quarter of 2023, compared to 289 funds in the previous quarter. Microsoft Corporation (NASDAQ:MSFT) delivered a 7.63% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q3 2023 page.

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