Permit Capital’s Microsoft MSFT Stock Holding History

Permit Capital’s Portfolio MSFT Stock Details MSFT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-20,000	Closed	-$1.02M	–	33
2016 Q2	$1.02M	Sell	20,000 -6,650	-25%	-$346K	0.73%	19
2016 Q1	$1.47M	Sell	26,650 -22,000	-45%	-$1.15M	1.11%	17
2015 Q4	$2.7M	Sell	48,650 -17,000	-26%	-$895K	2%	13
2015 Q3	$2.91M	Hold	65,650	–	–	1.95%	11
2015 Q2	$2.9M	Sell	65,650 -20,350	-24%	-$929K	1.79%	11
2015 Q1	$3.5M	Sell	86,000 -25,900	-23%	-$1.13M	2.17%	7
2014 Q4	$5.2M	Hold	111,900	–	–	3.19%	6
2014 Q3	$5.19M	Sell	111,900 -27,800	-20%	-$1.24M	3.14%	6
2014 Q2	$5.83M	Sell	139,700 -10,000	-7%	-$405K	3.6%	3
2014 Q1	$6.14M	Sell	149,700 -20,000	-12%	-$751K	4.25%	2
2013 Q4	$6.35M	Hold	169,700	–	–	4.46%	2
2013 Q3	$5.65M	Buy	169,700 +14,700	+9%	+$484K	4.07%	2
2013 Q2	$5.35M	Buy	+155,000	New	+$5.08M	4.03%	2

Other funds holding MSFT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Permit Capital's MSFT Position: Q3 2016 in Review

Permit Capital sold out of Microsoft (MSFT) in Q3 2016, closing a stake of 20,000 shares — an estimated $1.02M sold.

Permit Capital first reported a position in MSFT in Q2 2013 and held it in 13 quarters. The position peaked at $6.35M in Q4 2013. 2,272 funds tracked by Wall St. Rank hold MSFT as of Q3 2016.

Permit Capital reported no remaining Microsoft position as of Q3 2016 after selling out during the quarter.
Permit Capital sold 20,000 Microsoft shares in Q3 2016, an estimated $1.02M.
Permit Capital first reported a position in Microsoft in Q2 2013 and held it in 13 quarters.
Permit Capital's Microsoft position peaked at $6.35M in Q4 2013.
2,272 funds tracked by Wall St. Rank held Microsoft as of Q3 2016.

Based on Permit Capital's 13F filing for Q3 2016, filed 14 Nov 2016.