Top 5 Stock Picks of John Armitage’s Egerton Capital

4. Microsoft Corporation (NASDAQ:MSFT)

Egerton Capital’s Stake Value: $1,135,663,000

Percentage of Egerton Capital’s 13F Portfolio: 5.39%

Number of Hedge Fund Holders: 250

John Armitage owns more than 4 million Microsoft Corporation (NASDAQ:MSFT) shares as of September 2021, worth $1.13 billion, representing 5.39% of his Q3 portfolio. 

SMBC Nikko analyst Steve Koenig on December 21 initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with an Outperform rating and a $410 price target, citing the company’s successful transition to the cloud, and Microsoft Corporation (NASDAQ:MSFT) being “well positioned at the center of the big secular trends in software”.

In the third quarter of 2021, 250 hedge funds were long Microsoft Corporation (NASDAQ:MSFT), with total stakes amounting to $65.8 billion. Fisher Asset Management is the leading Microsoft Corporation (NASDAQ:MSFT) stakeholder, holding 25.5 million shares worth $7.19 billion.

Here is what ClearBridge Sustainability Leaders Strategy has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter:

“The Strategy modestly outperformed the benchmark; consistent with our fundamental approach that seeks balanced exposure to industries and the growth and value spectrum, performance was driven by companies from diverse sectors. Microsoft, which develops software including the Windows family of products, the Microsoft Office system and the Azure cloud platform, and is a leader in data protection and customer privacy as well as human rights and diversity, contributed strongly as earnings maintained positive sentiment. Microsoft is seeing a number of businesses reach a new, higher level of engagement, adoption and momentum.”