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Lakehouse Capital added Microsoft Corporation (MSFT) to its portfolio because:

Lakehouse CapitalInvestment management firm has released the September 2022 Investor Letter for its Lakehouse Global Growth can copy the same Download hereSeptember was a volatile month, with the fund’s return of -2.0% after fees and expenses, compared to a return of -10.9% for the benchmark MSCI All Country World Index. Plus, check out the fund’s top five holdings to see our best picks for 2022.

Lakehouse Capital is a Microsoft Corporation (NASDAQ:MSFTMore) in the September 2022 investor letter. Microsoft Corporation (NASDAQ:MSFT) is a multinational technology company headquartered in Redmond, Washington. On October 11, 2022, Microsoft Corporation (NASDAQ:MSFT) shares closed at $225.41 per share. His one-month return for Microsoft Corporation (NASDAQ:MSFT) was -10.63%, and the company’s stock has lost 23.93% in value over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $1,068.1 billion.

Here’s what Lakehouse Capital specifically said about Microsoft Corporation (NASDAQ:MSFT) in its September letter.

“During the month, the Fund launched a new position microsoft (NASDAQ:MSFT) is definitely a familiar name for investors. The company was founded by Bill Gates and Paul Allen in his friend’s garage in 1975, and by the mid-1980s he began dominating the operating system market with MS-DOS. Since then, the company has come a long way. It is now widely regarded as the most important and essential IT mega-vendor for enterprises worldwide. In addition to its well-known Windows operating system and Office productivity suite, the company has a broad portfolio of strategic products, including a rapidly growing public cloud business on Azure and a sizeable gaming presence. .

Microsoft’s foundational products, Office365 and Windows365, are ubiquitous and permeated with approximately 90% and 80% market share respectively. These solutions are deeply rooted in commercial and personal use in all industry sectors around the world. They will serve as a stable and profitable cash flow generator for Microsoft while expanding and investing in other growth areas of the business. One particular growth area that is the most exciting part of Microsoft’s business is Azure, Microsoft’s public cloud service.

Azure has grown rapidly over the past decade, establishing itself as the world’s second largest cloud services provider after Amazon Web Services. Businesses are benefiting from strong long-term tailwinds as cloud adoption continues unabated and has considerable runway.It is estimated that less than 20% of global IT spending is currently in the cloud. Research shows that 80% of businesses use Azure, and its market share has grown from 13% five years ago to 21%. Like many other solutions from Microsoft, the mission-critical nature of the product makes it very attractive as it leads to a steady and recurring revenue stream. what we want to see…” (Click here to read full story)

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Microsoft Corporation (NASDAQ:MSFT) tops our list. The 30 Most Popular Hedge Fund StocksAccording to our database, 258 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the second quarter, compared with 259 last quarter.

We talked about Microsoft Corporation (NASDAQ:MSFT). another article We have shared the Carillon Tower Advisor’s view of the company.Also check us out Hedge Fund Investor Letter Q3 2022 Pages of investor letters from hedge funds and other leading investors.

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Disclosure: None. This article was originally published at: insider monkey. Lakehouse Capital added Microsoft Corporation (MSFT) to its portfolio because:

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