Microsoft Corporation
BG ˙ BUL ˙ US5949181045
SecurityBG:MSF / Microsoft Corporation
InstitutionFirst Dallas Securities Inc.
Latest Disclosed Ownership10,672 shares
Latest Disclosed Value $ 3,950,275
First Dallas Securities Inc. reports 34.62% decrease in ownership of MSF / Microsoft Corporation

On April 27, 2026 - First Dallas Securities Inc. filed a 13F-HR form disclosing ownership of 10,672 shares of Microsoft Corporation (BG:MSF) valued at $3,950,275 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 16,322 shares of Microsoft Corporation. This represents a change in shares of -34.62% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-27 2026-03-31 13F Microsoft COM 594918104 10,672 -5,650 -34.62 3,950 -49.96 1.4614
2026-02-11 2025-12-31 13F Microsoft COM 594918104 16,322 -597 -3.53 7,894 -9.93 2.9372
2026-02-11 2025-12-31 13F Microsoft COM 594918104 16,322 7,894
2025-11-05 2025-09-30 13F Microsoft COM 594918104 16,919 190 1.14 8,763 5.31 3.2828
2025-08-07 2025-06-30 13F Microsoft COM 594918104 16,729 -474 -2.76 8,321 28.85 3.2890
2025-05-16 2025-03-31 13F MICROSOFT COM 594918104 17,203 -3,193 -15.66 6,458 -24.88 2.6986
2025-01-24 2024-12-31 13F MICROSOFT COM 594918104 20,396 15 0.07 8,597 -1.97 3.5037
2024-11-18 2024-09-30 13F MICROSOFT COM 594918104 20,381 -52 -0.25 8,770 -3.96 3.6655
2024-08-02 2024-06-30 13F MICROSOFT COM 594918104 20,433 4,199 25.87 9,133 152,100.00 4.0086
2024-04-16 2024-03-31 13F MICROSOFT COM 594918104 16,234 11 0.07 7 0.00 3.1418
2024-02-13 2023-12-31 13F MICROSOFT COM 594918104 16,223 8,028 97.96 6 200.00 3.1429
2023-11-14 2023-09-30 13F MICROSOFT COM 594918104 8,195 -7,866 -48.98 3 -60.00 0.5926
2023-08-07 2023-06-30 13F MICROSOFT COM 594918104 16,061 428 2.74 5 25.00 3.0515
2023-05-15 2023-03-31 13F MICROSOFT COM 594918104 15,633 67 0.43 5 33.33 2.6587
2023-02-03 2022-12-31 13F MICROSOFT COM 594918104 15,566 -1,167 -6.97 4 -99.92 2.2501
2022-10-21 2022-09-30 13F MICROSOFT COM 594918104 16,733 78 0.47 3,897 -8.88 2.6775
2022-07-28 2022-06-30 13F MICROSOFT COM 594918104 16,655 273 1.67 4,277 -15.32 2.8825
2022-05-12 2022-03-31 13F MICROSOFT COM 594918104 16,382 4,251 35.04 5,051 23.80 2.8533
2022-02-07 2021-12-31 13F MICROSOFT COM 594918104 12,131 1,004 9.02 4,080 30.06 2.6758
2021-10-06 2021-09-30 13F MICROSOFT COM 594918104 11,127 757 7.30 3,137 11.68 2.1652
2021-07-06 2021-06-30 13F MICROSOFT COM 594918104 10,370 2,099 25.38 2,809 44.05 1.8409
2021-05-26 2021-03-31 13F MICROSOFT COM 594918104 8,271 580 7.54 1,950 13.97 1.6586
2021-02-01 2020-12-31 13F MICROSOFT COM 594918104 7,691 1,855 31.79 1,711 39.45 1.5449
2020-10-15 2020-09-30 13F MICROSOFT COM 594918104 5,836 -819 -12.31 1,227 16.86 1.3795
2020-05-04 2020-03-31 13F MICROSOFT COM 594918104 6,655 380 6.06 1,050 6.06 1.4636
2020-02-04 2019-12-31 13F MICROSOFT COM 594918104 6,275 920 17.18 990 32.89 0.8450
2019-11-14 2019-09-30 13F MICROSOFT COM 594918104 5,355 0 0.00 745 3.91 0.6606
2019-08-22 2019-06-30 13F MICROSOFT COM 594918104 5,355 -405 -7.03 717 5.60 0.6272
2019-05-17 2019-03-31 13F Microsoft COM 594918104 5,760 1,325 29.88 679 50.89 0.4883
2019-02-11 2018-12-31 13F Microsoft COM 594918104 4,435 1,100 32.98 450 18.11 0.3750
2018-10-31 2018-09-30 13F Microsoft COM 594918104 3,335 3,335 381 0.2380
2018-05-04 2018-03-31 13F MICROSOFT COM 594918104 0 -1,440 -100.00 0 -100.00
2018-02-07 2017-12-31 13F MICROSOFT COM 594918104 1,440 1,440 123 0.0782
2013-11-13 2013-09-30 13F/A-1 MICROSOFT COM 594918104 0 -76,831 -100.00 0 -100.00
2013-08-15 2013-06-30 13F MICROSOFT COM 594918104 76,831 76,831 2,654 2.0441
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.