State of Michigan Retirement System 13F: Cuts MSFT Stake by $52M

On October 27, 2026, the State of Michigan Retirement System trimmed its stake in Microsoft Corporation (MSFT) by 102,340 shares, leaving it with 1,923,862 shares. This position change is noted in the fund's latest Form 13F filing with the SEC, which covers the quarter ending September 30, 2026.

The fund's reported value for its Microsoft holdings is approximately $986.7 million, following a reduction valued at about $52.5 million. This adjustment represents a 5.1% decrease in its holdings, which now account for 8.96% of the fund's total portfolio. In the ranking of the fund's 966 positions, Microsoft remains the third largest.

MSFT Microsoft Corporation

$531.33 ▲ +13.06% year to date

1M 3M YTD

Daily close · Oct 27, 2026

Other Institutional Activity in Microsoft

On the same day as this filing, several other institutional investors also adjusted their positions in Microsoft. Asset Management One grew its holdings by 45,273 shares, bringing its total to 3,470,856 shares worth about $1.78 billion. Chicago Partners Investment Group added 8,668 shares, increasing its stake to 150,202 shares valued at roughly $78.8 million. However, DT Investment Partners reduced its position by 6,274 shares, ending with 47,213 shares valued at about $24.2 million.

Microsoft Corporation Stock Up 1.4%

Microsoft shares recently traded around $531.60, which is about equal to the closing price of $531.33 on October 27, 2026. This price is below the 52-week high of $553.72 but well above the 52-week low of $349.20, indicating a strong performance over the past year.

Recent Earnings

In its most recent earnings report, Microsoft reported trailing twelve-month revenue of approximately $331.8 billion, with a net margin of 40.3%. The company is scheduled to announce its next earnings on October 28, 2026.

Dividend

Microsoft pays an annual dividend rate of $3.92 per share, yielding approximately 0.74%. The dividend payout ratio is 19.8%, reflecting a sustainable approach to returning value to shareholders.

Insider Buying and Selling at Microsoft Corporation

Several insiders have sold shares recently. Judson Althoff, an officer, sold 10,000 shares on August 5, 2026, valued at about $4.9 million. CEO Satya Nadella sold 86,525 shares on September 1, 2026, totaling around $43.4 million. CFO Amy Hood sold 41,674 shares on September 14, 2026, worth about $20.8 million, and an additional 7,305 shares on October 13, 2026, valued at approximately $4 million.

Analysts Set New Price Targets

On October 20, 2026, BMO Capital maintained an Outperform rating on Microsoft with a price target of $600. Oppenheimer reiterated an Outperform rating with a target of $625 on October 26, 2026. The consensus among analysts is a strong buy, with a mean price target of $603.43 from 53 opinions.

About Microsoft Corporation

Microsoft Corporation is a technology company based in Redmond, WA. It develops and supports a wide range of technology solutions, including operating systems, business applications, and gaming products. This recent position change by the State of Michigan Retirement System reflects ongoing adjustments in the investment landscape as Microsoft continues to perform strongly in the technology sector.

Bottom Line

Investors should keep an eye on Microsoft's upcoming earnings announcement on October 28, 2026, as well as any further institutional filings that may impact its stock position. The recent adjustments by the State of Michigan Retirement System indicate a strategic reevaluation of its holdings in a leading technology firm.