Smead Capital Management’s Microsoft MSFT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-360,360	Closed	-$15.9M	–	30
2015 Q2	$15.9M	Buy	360,360 +38,032	+12%	+$1.68M	1.04%	30
2015 Q1	$13.1M	Buy	+322,328	New	+$13.1M	0.96%	29