Microsoft Corporation
BG ˙ BUL ˙ US5949181045
SecurityBG:MSF / Microsoft Corporation
InstitutionHamel Associates, Inc.
Latest Disclosed Ownership21,082 shares
Latest Disclosed Value $ 7,803,589
Hamel Associates, Inc. reports 1.09% increase in ownership of MSF / Microsoft Corporation

On May 7, 2026 - Hamel Associates, Inc. filed a 13F-HR form disclosing ownership of 21,082 shares of Microsoft Corporation (BG:MSF) valued at $7,803,589 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 20,854 shares of Microsoft Corporation. This represents a change in shares of 1.09% 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)
2026-05-07 2026-03-31 13F MICROSOFT COM 594918104 21,082 228 1.09 7,804 -22.64 2.2263
2026-02-11 2025-12-31 13F MICROSOFT COM 594918104 20,854 -2,296 -9.92 10,088 -15.84 3.0407
2026-02-11 2025-12-31 13F MICROSOFT COM 594918104 20,854 10,088
2026-02-11 2025-12-31 13F MICROSOFT COM 594918104 20,854 10,088
2026-02-11 2025-12-31 13F MICROSOFT COM 594918104 20,854 10,088
2026-02-11 2025-12-31 13F MICROSOFT COM 594918104 20,854 10,088
2026-02-11 2025-12-31 13F MICROSOFT COM 594918104 20,854 10,088
2025-11-12 2025-09-30 13F MICROSOFT COM 594918104 23,150 -638 -2.68 11,986 1.28 3.6857
2025-08-13 2025-06-30 13F MICROSOFT COM 594918104 23,788 -291 -1.21 11,834 30.92 4.0079
2025-05-06 2025-03-31 13F MICROSOFT COM 594918104 24,079 -670 -2.71 9,039 -13.34 3.0722
2025-02-05 2024-12-31 13F MICROSOFT COM 594918104 24,749 -287 -1.15 10,431 -3.17 3.3572
2024-11-05 2024-09-30 13F MICROSOFT COM 594918104 25,036 -1,133 -4.33 10,772 -7.89 3.2915
2024-08-02 2024-06-30 13F MICROSOFT COM 594918104 26,169 -179 -0.68 11,696 5.51 3.6855
2024-04-23 2024-03-31 13F MICROSOFT COM 594918104 26,348 -1,690 -6.03 11,085 5.13 3.5550
2024-02-08 2023-12-31 13F MICROSOFT COM 594918104 28,038 -185 -0.66 10,544 18.34 3.7152
2023-11-03 2023-09-30 13F MICROSOFT COM 594918104 28,223 -450 -1.57 8,909 -8.76 3.2539
2023-08-08 2023-06-30 13F MICROSOFT COM 594918104 28,673 -1,925 -6.29 9,765 10.69 3.4170
2023-05-08 2023-03-31 13F MICROSOFT COM 594918104 30,598 -220 -0.71 8,822 19.33 3.0563
2023-02-06 2022-12-31 13F MICROSOFT COM 594918104 30,818 200 0.65 7,393 3.65 2.5718
2022-11-09 2022-09-30 13F MICROSOFT COM 594918104 30,618 -275 -0.89 7,132 -10.14 2.8221
2022-08-08 2022-06-30 13F MICROSOFT COM 594918104 30,893 -5 -0.02 7,937 -16.67 3.1298
2022-05-06 2022-03-31 13F MICROSOFT COM 594918104 30,898 -443 -1.41 9,525 -9.63 3.3865
2022-02-08 2021-12-31 13F MICROSOFT COM 594918104 31,341 190 0.61 10,540 20.00 3.7803
2021-11-08 2021-09-30 13F MICROSOFT COM 594918104 31,151 -867 -2.71 8,783 1.27 3.4276
2021-08-04 2021-06-30 13F MICROSOFT COM 594918104 32,018 -1,981 -5.83 8,673 8.20 3.3073
2021-05-04 2021-03-31 13F MICROSOFT COM 594918104 33,999 -1,977 -5.50 8,016 0.19 3.0909
2021-02-11 2020-12-31 13F MICROSOFT COM 594918104 35,976 665 1.88 8,001 7.74 3.2777
2020-11-09 2020-09-30 13F MICROSOFT COM 594918104 35,311 -240 -0.68 7,426 2.64 3.2924
2020-08-10 2020-06-30 13F MICROSOFT COM 594918104 35,551 -5,692 -13.80 7,235 11.21 3.4824
2020-05-07 2020-03-31 13F MICROSOFT COM 594918104 41,243 14,367 53.46 6,506 53.52 3.4334
2020-02-12 2019-12-31 13F MICROSOFT COM 594918104 26,876 -270 -0.99 4,238 12.29 1.7445
2019-11-12 2019-09-30 13F MICROSOFT COM 594918104 27,146 -850 -3.04 3,774 0.64 1.6119
2019-08-05 2019-06-30 13F MICROSOFT COM 594918104 27,996 195 0.70 3,750 14.36 1.6448
2019-05-01 2019-03-31 13F MICROSOFT COM 594918104 27,801 -2,300 -7.64 3,279 7.23 1.4717
2019-02-08 2018-12-31 13F MICROSOFT COM 594918104 30,101 900 3.08 3,058 -8.44 1.5239
2018-10-25 2018-09-30 13F MICROSOFT COM 594918104 29,201 -1,425 -4.65 3,340 10.52 1.4472
2018-08-10 2018-06-30 13F MICROSOFT COM 594918104 30,626 -90 -0.29 3,022 7.77 1.3887
2018-05-03 2018-03-31 13F MICROSOFT COM 594918104 30,716 -950 -3.00 2,804 3.51 0.1880
2018-02-13 2017-12-31 13F MICROSOFT COM 594918104 31,666 315 1.00 2,709 16.02 1.2798
2017-11-14 2017-09-30 13F MICROSOFT COM 594918104 31,351 -1,600 -4.86 2,335 2.82 1.1366
2017-08-11 2017-06-30 13F MICROSOFT COM 594918104 32,951 -464 -1.39 2,271 3.18 1.1422
2017-05-09 2017-03-31 13F MICROSOFT COM 594918104 33,415 0 0.00 2,201 6.02 1.1199
2017-02-14 2016-12-31 13F MICROSOFT COM 594918104 33,415 -1,905 -5.39 2,076 2.06 1.0691
2016-11-10 2016-09-30 13F MICROSOFT COM 594918104 35,320 0 0.00 2,034 12.56 1.0757
2016-08-08 2016-06-30 13F MICROSOFT COM 594918104 35,320 -225 -0.63 1,807 -7.95 0.9361
2016-05-02 2016-03-31 13F MICROSOFT COM 594918104 35,545 -250 -0.70 1,963 -1.16 1.0413
2016-02-16 2015-12-31 13F MICROSOFT COM 594918104 35,795 -608 -1.67 1,986 23.28 1.2671
2015-11-17 2015-09-30 13F MICROSOFT COM 594918104 36,403 -960 -2.57 1,611 -2.36 1.1454
2015-08-17 2015-06-30 13F MICROSOFT COM 594918104 37,363 1,300 3.60 1,650 12.55 1.0848
2015-05-14 2015-03-31 13F MICROSOFT COM 594918104 36,063 5,305 17.25 1,466 2.59 0.9678
2015-02-17 2014-12-31 13F MICROSOFT COM 594918104 30,758 -1,305 -4.07 1,429 -3.90 0.9283
2014-11-21 2014-09-30 13F/A-1 MICROSOFT COM 594918104 32,063 1,225 3.97 1,487 15.63 0.9913
2014-11-12 2014-09-30 13F MICROSOFT COM 594918104 32,063 1,487
2014-08-15 2014-06-30 13F MICROSOFT COM 594918104 30,838 -1,865 -5.70 1,286 -4.10 0.8487
2014-05-13 2014-03-31 13F MICROSOFT COM 594918104 32,703 -48,606 -59.78 1,341 -55.92 0.9285
2014-02-18 2013-12-31 13F MICROSOFT COM 594918104 81,309 81,309 3,042 2.1332
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.