Microsoft Corporation
US ˙ NasdaqGS ˙ US5949181045

SecurityMSFT / Microsoft Corporation
InstitutionTocqueville Asset Management L.p.
Latest Disclosed Ownership470,285 shares
Latest Disclosed Value $ 174,085,354
Tocqueville Asset Management L.p. reports 6.28% increase in ownership of MSFT / Microsoft Corporation

On May 12, 2026 - Tocqueville Asset Management L.p. filed a 13F-HR form disclosing ownership of 470,285 shares of Microsoft Corporation (US:MSFT) valued at $174,085,398 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 442,485 shares of Microsoft Corporation. This represents a change in shares of 6.28% during the quarter. The current value of the position is $195,953,651 USD.

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)
2026-05-12 2026-03-31 13F MICROSOFT COM 594918104 470,285 27,800 6.28 174,085 -18.65 2.5815
2026-02-12 2025-12-31 13F MICROSOFT COM 594918104 442,485 -16,721 -3.64 213,994 -10.03 3.1214
2025-11-13 2025-09-30 13F MICROSOFT COM 594918104 459,206 -7,895 -1.69 237,846 2.37 3.4577
2025-08-12 2025-06-30 13F MICROSOFT COM 594918104 467,101 -63,873 -12.03 232,341 16.57 3.5369
2025-05-13 2025-03-31 13F MICROSOFT COM 594918104 530,974 -9,908 -1.83 199,322 -12.57 3.2548
2025-02-10 2024-12-31 13F MICROSOFT COM 594918104 540,882 186 0.03 227,982 -2.01 3.5757
2024-11-08 2024-09-30 13F MICROSOFT COM 594918104 540,696 -7,767 -1.42 232,662 -5.09 3.6546
2024-08-12 2024-06-30 13F MICROSOFT COM 594918104 548,463 -27,068 -4.70 245,136 1.24 4.0464
2024-05-09 2024-03-31 13F MICROSOFT COM 594918104 575,531 -2,696 -0.47 242,137 11.36 3.9557
2024-02-12 2023-12-31 13F MICROSOFT COM 594918104 578,227 -5,830 -1.00 217,436 17.91 3.9413
2023-11-09 2023-09-30 13F MICROSOFT COM 594918104 584,057 -17,729 -2.95 184,416 -10.01 3.5025
2023-08-11 2023-06-30 13F MICROSOFT COM 594918104 601,786 -10,040 -1.64 204,932 16.18 3.6696
2023-05-10 2023-03-31 13F MICROSOFT COM 594918104 611,826 -5,283 -0.86 176,389 19.19 3.3323
2023-02-09 2022-12-31 13F MICROSOFT COM 594918104 617,109 -2,383 -0.38 147,995 2.57 2.8109
2022-11-10 2022-09-30 13F MICROSOFT COM 594918104 619,492 -3,559 -0.57 144,280 -9.84 2.9409
2022-08-12 2022-06-30 13F MICROSOFT COM 594918104 623,051 -7,260 -1.15 160,018 -17.66 2.9263
2022-05-16 2022-03-31 13F Microsoft COM 594918104 630,311 -18,237 -2.81 194,331 -10.91 2.9358
2022-02-14 2021-12-31 13F MICROSOFT COM 594918104 648,548 -14,891 -2.24 218,120 16.62 3.0001
2021-11-15 2021-09-30 13F MICROSOFT COM 594918104 663,439 -18,812 -2.76 187,037 1.20 2.7709
2021-08-16 2021-06-30 13F MICROSOFT COM 594918104 682,251 -9,628 -1.39 184,822 13.30 2.6701
2021-05-17 2021-03-31 13F MICROSOFT COM 594918104 691,879 -50,045 -6.75 163,124 -1.15 2.5100
2021-02-16 2020-12-31 13F MICROSOFT COM 594918104 741,924 -6,820 -0.91 165,019 4.79 2.7548
2020-11-16 2020-09-30 13F MICROSOFT COM 594918104 748,744 -29,396 -3.78 157,483 -0.55 3.0127
2020-08-12 2020-06-30 13F MICROSOFT COM 594918104 778,140 -59,484 -7.10 158,359 19.88 3.3024
2020-05-15 2020-03-31 13F MICROSOFT COM 594918104 837,624 -53,039 -5.96 132,102 -5.95 3.2821
2020-01-14 2019-12-31 13F Microsoft COM 594918104 890,663 -515,114 -36.64 140,458 -28.13 2.0658
2019-10-31 2019-09-30 13F Microsoft COM 594918104 1,405,777 -16,900 -1.19 195,445 2.55 2.6521
2019-07-31 2019-06-30 13F Microsoft COM 594918104 1,422,677 -10,776 -0.75 190,582 12.73 2.4697
2019-04-30 2019-03-31 13F Microsoft COM 594918104 1,433,453 -9,306 -0.65 169,061 15.37 2.2568
2019-02-08 2018-12-31 13F Microsoft COM 594918104 1,442,759 42,306 3.02 146,541 -8.51 2.1960
2018-11-13 2018-09-30 13F Microsoft COM 594918104 1,400,453 70,851 5.33 160,170 22.16 2.0180
2018-08-13 2018-06-30 13F Microsoft COM 594918104 1,329,602 -36,341 -2.66 131,112 5.17 1.6632
2018-05-14 2018-03-31 13F Microsoft COM 594918104 1,365,943 -203,125 -12.95 124,670 -7.11 1.5883
2018-02-13 2017-12-31 13F Microsoft COM 594918104 1,569,068 -46,871 -2.90 134,218 11.50 1.5239
2017-10-30 2017-09-30 13F Microsoft COM 594918104 1,615,939 -11,168 -0.69 120,371 7.32 1.3844
2017-08-04 2017-06-30 13F Microsoft COM 594918104 1,627,107 -83,135 -4.86 112,156 -0.43 1.3455
2017-04-28 2017-03-31 13F Microsoft COM 594918104 1,710,242 -92,365 -5.12 112,637 0.56 1.3744
2017-01-30 2016-12-31 13F Microsoft COM 594918104 1,802,607 -66,495 -3.56 112,014 4.04 1.4322
2016-10-31 2016-09-30 13F Microsoft COM 594918104 1,869,102 -32,114 -1.69 107,660 10.66 1.2925
2016-08-15 2016-06-30 13F/A-1 Microsoft COM 594918104 1,901,216 4,636 0.24 97,285 -7.12 1.1592
2016-07-29 2016-06-30 13F Microsoft COM 594918104 1,902,396 97,346
2016-04-29 2016-03-31 13F Microsoft COM 594918104 1,896,580 -6,231 -0.33 104,748 -0.78 1.3874
2016-01-29 2015-12-31 13F Microsoft COM 594918104 1,902,811 72,395 3.96 105,568 30.31 1.4312
2015-10-30 2015-09-30 13F Microsoft COM 594918104 1,830,416 -137,359 -6.98 81,014 -6.75 1.0838
2015-07-31 2015-06-30 13F Microsoft COM 594918104 1,967,775 -151,838 -7.16 86,877 0.82 1.0232
2015-04-30 2015-03-31 13F Microsoft COM 594918104 2,119,613 2,119,613 0.00 86,173 1.0129
2015-01-30 2014-12-31 13F Microsoft COM 594918104 0 -2,204,378 -100.00 0 -100.00
2014-10-30 2014-09-30 13F Microsoft COM 594918104 2,204,378 -234,456 -9.61 102,195 0.49 1.1343
2014-09-18 2014-06-30 13F/A-1 Microsoft COM 594918104 2,438,834 -52,278 -2.10 101,699 -0.40 0.9897
2014-07-30 2014-06-30 13F Microsoft COM 594918104 2,438,834 101,699
2014-04-30 2014-03-31 13F Microsoft COM 594918104 2,491,112 -99,114 -3.83 102,111 5.38 1.3440
2014-01-30 2013-12-31 13F Microsoft COM 594918104 2,590,226 -62,673 -2.36 96,900 9.75 1.3026
2013-10-30 2013-09-30 13F Microsoft COM 594918104 2,652,899 -167,028 -5.92 88,288 -9.37 1.1007
2013-07-30 2013-06-30 13F Microsoft COM 594918104 2,819,927 2,819,927 97,414 1.3188
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.