Should You Add Microsoft Corporation (MSFT) Shares to Your Portfolio?

Carillon Tower Advisers, an investment management company, released its “Carillon Clarivest Capital Appreciation Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Global equities markets were facing significant declines in the first half of 2022 due to concerns like the Russia/Ukraine war, surging inflation, COVID-19, and central-bank tightening. At the end of the second quarter, the portfolio was most underweight in the consumer discretionary and industrials sectors and most overweight in the information technology and healthcare sectors. But all sectors in the Russell 1000 Index were negative. However, the stock selection and sector allocation contributed positively to the fund’s performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers discussed stocks like Microsoft Corporation (NASDAQ:MSFT) in the second quarter 2022 investor letter. Microsoft Corporation (NASDAQ:MSFT) is a multinational technology company headquartered in Redmond, Washington. On October 5, 2022, Microsoft Corporation (NASDAQ:MSFT) stock closed at $249.20 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -3.44% and its shares lost 14.98% of their value over the last 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $1.859 trillion.

Here is what Carillon Tower Advisers specifically said about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2022 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) shares fell despite the company’s reporting revenue and earnings that exceeded estimates and that was helped by growth in its Azure cloud-computing business. The company also is slashing Russian operations.”

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Microsoft Corporation (NASDAQ:MSFT) holds the top position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 258 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the second quarter which was 259 in the previous quarter.

We discussed Microsoft Corporation (NASDAQ:MSFT) in another article and shared the list of the top data center companies in the US. In addition, please check out our hedge fund investor letters Q2 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.