Microsoft Corporation
BG ˙ BUL ˙ US5949181045
SecurityBG:MSF / Microsoft Corporation
InstitutionTroy Asset Management Ltd
Latest Disclosed Ownership687,272 shares
Latest Disclosed Value $ 254,407,476
Troy Asset Management Ltd reports 3.46% decrease in ownership of MSF / Microsoft Corporation

On May 11, 2026 - Troy Asset Management Ltd filed a 13F-HR form disclosing ownership of 687,272 shares of Microsoft Corporation (BG:MSF) valued at $254,407,476 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 711,900 shares of Microsoft Corporation. This represents a change in shares of -3.46% 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)
2026-05-11 2026-03-31 13F MICROSOFT COM 594918104 687,272 -24,628 -3.46 254,407 -26.11 7.5893
2026-02-09 2025-12-31 13F MICROSOFT COM 594918104 711,900 -1,145 -0.16 344,289 -6.78 8.8728
2025-11-07 2025-09-30 13F MICROSOFT COM 594918104 713,045 -140,509 -16.46 369,322 -13.01 9.4827
2025-11-07 2025-06-30 13F/A-1 MICROSOFT COM 594918104 853,554 0 0.00 424,566 0.00 11.5983
2025-08-14 2025-06-30 13F MICROSOFT COM 594918104 853,554 6,191 424,566 11.7048
2025-11-07 2025-03-31 13F/A-1 MICROSOFT COM 594918104 853,554 5,776 0.68 424,566 18.81 11.6203
2025-05-14 2025-03-31 13F MICROSOFT COM 594918104 847,363 -415 318,092 10.2660
2025-02-12 2024-12-31 13F MICROSOFT COM 594918104 847,778 -50,025 -5.57 357,338 -7.50 11.9862
2024-11-01 2024-09-30 13F MICROSOFT COM 594918104 897,803 -22,837 -2.48 386,325 -6.11 12.4529
2025-12-03 2024-06-30 13F/A-4 MICROSOFT COM 594918104 920,640 -23,143 -2.45 411,480 103,547.36 13.3643
2024-07-23 2024-06-30 13F MICROSOFT COM 594918104 920,640 -23,143 411 14.1745
2024-04-29 2024-03-31 13F MICROSOFT COM 594918104 943,783 -18,231 -1.90 397 9.97 12.2989
2024-02-07 2023-12-31 13F MICROSOFT COM 594918104 962,014 -75,724 -7.30 362 -99.89 11.6446
2024-09-10 2023-09-30 13F/A-1 MICROSOFT COM 594918104 1,037,738 -8,224 -0.79 327,666 -8.01 10.3016
2023-11-03 2023-09-30 13F MICROSOFT COM 594918104 1,037,738 -8,224 328 10.3016
2024-09-10 2023-06-30 13F/A-1 MICROSOFT COM 594918104 1,045,962 -147,474 -12.36 356,192 103,443.90 10.5211
2023-08-01 2023-06-30 13F MICROSOFT COM 594918104 1,045,962 -147,474 356 10.5211
2023-04-28 2023-03-31 13F MICROSOFT COM 594918104 1,193,436 -566,660 -32.19 344 -18.48 10.3615
2023-01-20 2022-12-31 13F MICROSOFT COM 594918104 1,760,096 -22,402 -1.26 422 -99.90 12.2949
2022-11-07 2022-09-30 13F MICROSOFT COM 594918104 1,782,498 -885,739 -33.20 415,144 -39.42 12.1041
2022-08-05 2022-06-30 13F MICROSOFT COM 594918104 2,668,237 64,539 2.48 685,283 -14.63 14.2379
2022-05-06 2022-03-31 13F MICROSOFT COM 594918104 2,603,698 667 0.03 802,746 -8.30 14.4520
2022-02-01 2021-12-31 13F MICROSOFT COM 594918104 2,603,031 -161,316 -5.84 875,451 12.33 15.4657
2021-11-12 2021-09-30 13F MICROSOFT COM 594918104 2,764,347 -166,757 -5.69 779,325 -1.85 14.8672
2021-08-06 2021-06-30 13F MICROSOFT COM 594918104 2,931,104 60,455 2.11 794,036 17.32 13.6655
2021-05-13 2021-03-31 13F MICROSOFT COM 594918104 2,870,649 17,499 0.61 676,813 6.65 12.7992
2021-02-10 2020-12-31 13F MICROSOFT COM 594918104 2,853,150 69,603 2.50 634,598 8.39 12.9843
2020-11-13 2020-09-30 13F MICROSOFT COM 594918104 2,783,547 32,759 1.19 585,463 4.58 14.2597
2020-08-10 2020-06-30 13F MICROSOFT COM 594918104 2,750,788 1,310 0.05 559,813 29.10 15.7638
2020-05-14 2020-03-31 13F MICROSOFT COM 594918104 2,749,478 -139,300 -4.82 433,620 -4.82 14.2598
2020-02-11 2019-12-31 13F MICROSOFT COM 594918104 2,888,778 3,400 0.12 455,560 13.56 16.5843
2019-11-13 2019-09-30 13F MICROSOFT COM 594918104 2,885,378 40,567 1.43 401,154 5.26 16.1718
2019-07-25 2019-06-30 13F MICROSOFT COM 594918104 2,844,811 38,464 1.37 381,091 15.14 15.9514
2019-04-26 2019-03-31 13F MICROSOFT COM 594918104 2,806,347 47,500 1.72 330,981 18.12 16.2071
2019-01-22 2018-12-31 13F MICROSOFT COM 594918104 2,758,847 0 0.00 280,216 -11.19 14.0185
2018-10-22 2018-09-30 13F MICROSOFT COM 594918104 2,758,847 0 0.00 315,529 15.98 14.8774
2018-07-31 2018-06-30 13F MICROSOFT COM 594918104 2,758,847 -264,108 -8.74 272,050 -1.40 14.0016
2018-05-14 2018-03-31 13F/A-1 MICROSOFT COM 594918104 3,022,955 -339,764 -10.10 275,905 -4.08 12.7232
2018-05-14 2018-03-31 13F MICROSOFT COM 594918104 3,362,719 0 287,646
2018-02-08 2017-12-31 13F MICROSOFT COM 594918104 3,362,719 -89,500 -2.59 287,646 11.86 11.8721
2017-10-24 2017-09-30 13F MICROSOFT COM 594918104 3,452,219 -7,500 -0.22 257,156 7.83 11.6360
2017-08-15 2017-06-30 13F MICROSOFT COM 949181045 3,459,719 1,229 0.04 238,478 9.63 10.0713
2017-05-12 2017-03-31 13F MICROSOFT COM 949181045 3,458,490 0 0.00 217,539 0.00 10.6985
2017-02-14 2016-12-31 13F MICROSOFT COM 949181045 3,458,490 54,500 1.60 217,539 10.95 10.6985
2016-11-14 2016-09-30 13F MICROSOFT COM 594918104 3,403,990 0 0.00 196,070 12.57 10.4743
2016-08-11 2016-06-30 13F MICROSOFT COM 594918104 3,403,990 0 0.00 174,182 -7.35 9.2810
2016-05-09 2016-03-31 13F MICROSOFT COM 594918104 3,403,990 0 0.00 188,002 -0.45 10.3544
2016-02-16 2015-12-31 13F MICROSOFT COM 594918104 3,403,990 -398,548 -10.48 188,853 12.21 11.2185
2015-11-12 2015-09-30 13F MICROSOFT COM 594918104 3,802,538 135,000 3.68 168,300 3.94 10.2683
2015-09-09 2015-06-30 13F MICROSOFT COM 594918104 3,667,538 -329,430 -8.24 161,921 -0.35 10.3729
2015-06-09 2015-03-31 13F/A-99 MICROSOFT COM 594918104 3,996,968 -250,000 -5.89 162,496 -17.63 1.4504
2015-06-10 2015-03-31 13F/A-98 MICROSOFT COM 594918104 3,996,968 0 162,516 11.3200
2015-06-05 2015-03-31 13F MICROSOFT COM 594918104 109,528,669 820,378
2015-02-17 2014-12-31 13F MICROSOFT COM 594918104 4,246,968 4,246,968 197,272 12.9193
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.