Were Hedge Funds Right about Their Top 10 Picks in Q3?

Microsoft Corporation (NASDAQ:MSFT) was one of the top tech picks among hedge funds, after 107 funds from our database reported positions worth $18.32 billion, equal to 5.10% of the company as of the end of June. The stock remained almost flat during the last quarter, inching up by 0.91%. Microsoft Corporation (NASDAQ:MSFT) might be set on a path of further growth, judging by how well its latest operating system Windows 10 was received by consumers. The new OS is expected to improve falling PC sales, which should also drag the stocks of semiconductor manufacturers and other PC-related industries higher.  Jeff Ubben’s ValueAct Capital held the most shares of Microsoft Corporation (NASDAQ:MSFT) among the funds we track, reporting a $3.32 billion position that contained 75.27 million shares and amassed over 17% of its equity portfolio.

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