Sepio Capital 13F: Cuts Microsoft (MSFT) Stake by $5.1M

Sepio Capital trimmed its holdings in Microsoft Corporation MSFT by 9,982 shares during the period, bringing its total down to 49,305 shares. According to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026, the remaining stake was valued at approximately $25.3 million. The adjustment marked a 16.8% decrease from the previous quarter's holdings of 59,287 shares. Microsoft closed at $521.08 on the filing date.

MSFT Microsoft Corporation

$521.08 ▲ +10.88% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Sepio Capital's Microsoft Position

The reduction left Sepio Capital with 49,305 shares of the software giant. The decrease of 9,982 shares represented a 16.8% cut to the firm's investment portfolio in the company, reflecting a measured pullback by the institutional investor during the period.

Other Institutional Activity in Microsoft

Other institutional investors made adjustments to their Microsoft holdings around the same time. RMR Wealth Builders grew its holdings by 2,801 shares, ending with 60,271 shares worth about $30.9 million. Campbell Newman Asset Management added 9,734 shares to grow its position by 7.3% to 143,438 shares valued at approximately $73.6 million. Meanwhile, Perigon Wealth Management cut its stake by 18,754 shares, resulting in 169,411 shares worth about $86.9 million.

Microsoft Corporation Stock Down 1.9%

Microsoft shares recently traded around $521.58, up about 0.1% from the close on the filing date. The stock sits below its 52-week high of $553.72 while maintaining a position well above its 200-day moving average.

Recent Earnings

Microsoft reported trailing twelve month revenue of $331.8 billion alongside trailing earnings of $17.95 per share. The company posted a net profit margin of 40.3% and a return on equity of 34.0%. Its next quarterly earnings report is scheduled for October 28, 2026.

Dividend

Microsoft pays an annual dividend rate of $3.92 per share, representing a dividend yield of 0.74%. The payout ratio stands at 19.8% of earnings.

Insider Buying and Selling at Microsoft Corporation

Company insiders completed several stock sales prior to the filing date. On August 5, 2026, officer Judson Althoff sold 10,000 shares at $487.89 per share for a total of nearly $4.9 million. Chief Executive Officer Satya Nadella sold 86,525 shares on September 1, 2026, valued at approximately $43.4 million. Chief Financial Officer Amy E. Hood executed two transactions, selling 41,674 shares on September 14, 2026, for about $20.8 million and another 7,305 shares on October 13, 2026, for nearly $4.0 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. UBS maintained a Buy rating while raising its price target from $525.00 to $675.00 on October 15, 2026. StoneX maintained a Buy rating and lifted its target from $525.00 to $600.00 on October 16, 2026. Bernstein maintained an Outperform rating with a target moving from $660.00 to $662.00 on October 19, 2026. BMO Capital maintained an Outperform rating and raised its target from $515.00 to $600.00 on October 20, 2026. Guggenheim reiterated a Buy rating with a $586.00 target on October 21, 2026. Overall consensus analyst opinion stands at a strong buy with a mean price target of $601.73 across 53 analyst reviews.

About Microsoft Corporation

Headquartered in Redmond, Washington, Microsoft Corporation develops and supports a broad portfolio of technology solutions for individuals and businesses worldwide. Its offerings include operating systems, server applications, productivity software, development tools, video games, and hardware devices such as personal computers and gaming consoles.

Bottom Line

Investors will look toward Microsoft's upcoming earnings report on October 28, 2026, for further updates on financial performance and cloud growth. Institutional filings provide a look at how major funds manage their holdings over time.