Here’s Why Microsoft is the Favorite Stock of the World’s Billionaires

According to recent data culled by researchers at InsiderMonkey.com, venerable tech titan Microsoft Corporation (NASDAQ:MSFT) is the most-owned stock amongst the world’s richest investors.

MSFT beat out fellow tech stars Apple, Amazon, Alphabet, and Facebook for the number one spot.

By sifting through SEC filings, InsiderMonkey counted a whopping 22 billionaire fund managers with substantial long positions in Microsoft as of June 30, with a total value of those holdings around $7.73 billion.

From the report:

Microsoft tops the list of billionaires’ favorite tech stocks, with the total number of such shareholders jumping by five over the second quarter to 22. Some of the billionaires to go long Microsoft during the quarter were Julian Robertson (Tiger Management), Michael Hintze (CQS Cayman), and Andreas Halvorsen (Viking Global). The quant funds run by billionaires Jim Simons and Ken Griffin also made huge additions to their Microsoft holdings during the quarter.

Microsoft Corporation (NASDAQ:MSFT) has not disappointed the score of new billionaire investors thus far, gaining over 13% in the third quarter and hitting its all-time high. Like Amazon and Alphabet, Microsoft also has a burgeoning cloud platform, Azure, one that could even supplant Amazon’s AWS as the leader in the cloud IaaS market thanks to its hybrid cloud model. In July, Microsoft announced that General Electric Company (NYSE:GE)’s Predix platform would be made available on Azure, allowing industrial businesses to make greater use of the data culled from their machines.

Microsoft shares were down slightly this morning to $57.36. MSFT has gained 3.4% year-to-date, versus a 7% rise in the S&P 500 during the same period.

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