Top 10 Microsoft Shareholders: Who Owns Microsoft Stock in 2024?

In October 2023, Microsoft Corporation achieved another milestone. The Big Tech company made its largest-ever acquisition deal by acquiring Activision Blizzard, the maker of the celebrated video game series, “Call of Duty”, for  $69 billion, topping the company’s $26 billion acquisition of LinkedIn in 2016.

The deal marked the company’s remarkable journey from its humble beginnings in 1975 as a small computer software developer founded by boyhood friends Bill Gates and Paul Allen.

As of February 2024, it stands as the world’s largest company by market capitalization, demonstrating the entrepreneurial drive that propelled its rapid expansion.

So, who are the top Microsoft shareholders now? In this article, let’s find out who owns Microsoft in 2024.

Key Takeaways

  • Institutional investors are the majority owners of Microsoft, accounting for almost 70% of outstanding shares.
  • Former CEO Steve Ballmer owns a 4% stake in Microsoft, more than its founder Bill Gates, who holds a 1.3% stake.
  • Vanguard and Blackrock are the two largest Microsoft’s institutional investors.
  • Eighteen directors and executive officers hold a combined 0.033% of outstanding shares.

Microsoft Performance: Products, Market Cap and Share Price

Microsoft’s business now extends beyond its flagship Windows operating system. Its products include software development tools, business solution applications, and video games.

It offers a wide range of services, such as Azure cloud-based solutions and online advertising. It also designs and sells devices, including PCs, tablets, and gaming consoles, such as Xbox.

Advertisements

As of February 2024, Microsoft has a market capitalization of $3.077 trillion, surging from just $325 billion in early 2001, according to Companiesmarketcap. Microsoft’s rival, Apple, ranks second with a $2.9 trillion market cap.

Microsoft’s share traded at $406.32 on February 13, almost 20 times the price when it launched its initial public offering (IPO) in 1986.

The company has continued to excel even after Bill Gates was no longer its main shareholder and stepped down from his leadership role full-time in 2008.

As of February 14, 2024, Microsoft (MSFT) stock appreciated by 425,423%, according to split-adjusted data from TradingView.
Note that past performance is not indicative of future results.

Microsoft (MSFT) Historical Price Chart
Source: Nasdaq

Who Owns Microsoft? The Company’s Ownership Structure Analysis

According to Microsoft’s 2023 Annual Report, it had 83,883 registered holders of record of its common stock as of July 24, 2023. It has 7.43 billion of outstanding shares, Nasdaq’s data shows.

Institutional shareholders dominate the ownership of Microsoft, accounting for 69.14 % of the company’s outstanding shares, as per Nasdaq’s data on February 9. Individual and retail investors hold the remaining shares.

However, Microsoft’s institutional holdings are still lower than those of its software stock peers. For example, institutional holdings in Synopsys, Palo Alto Network, and Adobe account for more than 80% of each company’s outstanding shares, according to data from Wallstreet Zen.

Institutional investors are a key indicator of the liquidity and value of a company’s stock because they are usually major market players, such as investment bankers, mutual funds, and pension funds. The greater the proportion of a company’s stock held by institutions, the more stable the share price because they usually hold stocks for the long term.

Additionally, institutions’ stock picks usually involve thorough research by a team of experienced analysts.

Wallstreetzen’s data shows that insiders hold 6.24% of Microsoft, while retail investors own 24.56% of the company.

Company insiders, including executive officers, directors, or other beneficial holders who own 10% or more of a company’s common stock, can also impact its shares’ availability for trading. This is because other investors perceive insiders as having access to highly confidential company data.

Insiders selling a company’s shares may weaken confidence since it raises doubts about their reasons for the sale. On the other hand, insiders buying shares are viewed as a favorable indicator of the company’s performance.

Who Owns the Most Microsoft Stock? Top Microsoft Shareholders

Let’s take a look at who Microsoft’s investors are in 2024.

Top 5 Institutional Microsoft Investors

Vanguard Group and Blackrock remain the top two institutional shareholders with the largest holdings of Microsoft stocks.

But who are the other Microsoft owners? We review it in this section.

Top 5 Institutional Microsoft Investors

The Vanguard Group – 649,207,002 Shares – 8.7%

The second-biggest asset management company in the world has the biggest holding of Microsoft stock among institutional investors, with 649.20 million shares valued at $268 billion, as per Nasdaq data as of February 9, 2024. Its ownership accounts for 8.7% of Microsoft’s total shares outstanding of 7.43 billion.

Based on data from 13F.Info, as of the third quarter of 2023, Microsoft accounted for 5% of Vanguard’s total portfolio, making it the second-biggest investment after Apple.

Founded in 1975, Vanguard offers affordable mutual funds, exchange-traded funds (ETF), and financial services, including wealth management and brokerage services. As of July 2023, Vanguard had $8.2 trillion of assets under management (AUM) globally, according to AdvRatings data.

Blackrock – 538,937,099 Shares – 7.1%

The world’s largest asset manager owns 538.93 million MSFT shares worth $218.9 billion as of February 2024, making it the second largest Microsoft owner among institutional shareholders, Nasdaq’s data shows. Blackrock holds 7.1% of Microsoft’s total outstanding shares.

Microsoft is also Blackrock’s second biggest holding, accounting for 4.8% of the company’s total portfolio, according to 13F.Info information.

Blackrock managed a total of $10 trillion funds as of December 31, 2023, based on AdvRatings’ data.

State Street Corporation (STT) – 288,457,142  Shares – 5.1%

Based in Massachusetts, the US asset management owns 3.8% of Microsoft shares, representing 288.47 million shares valued at $119.43 billion as of February 9, according to Nasdaq.

Microsoft accounts for 5.1% of State Street’s total portfolio in the third quarter of 2023, the company’s second-largest holding after Apple, as per 13F.info data.

STT provides a range of financial services to institutional investors, including investment servicing, investment management, investment research, and trading. As of December 31, 2023, STT manages $4.1 trillion in assets, according to the company’s website.

Fidelity (FMR LLC) – 218,838,469 Shares – 2.9%

According to Nasdaq’s data on February 9, the Boston-based financial service company is Microsoft’s fourth largest institutional shareholder. It has a 2.9% stake in Microsoft, equivalent to 215.87 million shares valued at $89.38 billion.

As of the third quarter of 2023, Microsoft is FMR’s top holdings, accounting for 5.9% of its total portfolio, based on 13F.info data.

Known as Fidelity Investments, the company offers a wide range of financial services to various clients, from individuals to institutional clients.

Its financial services include personal financial planning, employee benefit programs, and asset management for institutional investors.

T Rowe Price Associates – 151,921,031 Shares – 2%

The company holds a 2% stake in Microsoft, equivalent to 151.92 million shares with an estimated value of $62.9 billion, based on Nasdaq’s data.

This makes the Maryland-based investment management Microsoft’s fifth-largest institutional shareholder.

T Rowe Price Group, founded in 1973, managed $1.45 trillion in AUM as of December 31, 2023.

The company offers mutual funds, retirement plans, financial intermediaries, and other financial services to individual and institutional investors.

Top 5 Individual Microsoft Shareholders

We analyze who owns the most Microsoft stocks among individual investors, using data compiled from SEC and MSFT’s filings.

Who owns the most Microsoft stock? Top Microsoft shareholders

Steven A. Ballmer – 333,254,734 Shares – 4%

Based on the last Securities and Exchange Commission (SEC) disclosure on August 19, 2014, the former Microsoft Chief Executive Officer (CEO) owned 333.25 million shares, accounting for about 4% of the total shares outstanding.

The owner of the Los Angeles Clippers basketball club ranked 9th on Forbes’ list of the 400 wealthiest Americans in 2023, with a net worth of $121.2 billion, partly attributed to his Microsoft ownership.

Gates hired Ballmer in 1980 as Microsoft’s first business manager, and he played a crucial role in securing a major deal with IBM. On January 13, 2000, he succeeded Gates as Microsoft’s second CEO and led the company until he retired in 2013.

During his tenure, Microsoft launched the original Xbox and made significant investments in cloud computing. Ballmer has no longer reported his holdings in Microsoft publicly since he left the company.

Bill Gates – 102,992,934 Shares – 1.34%

Microsoft’s founder stepped down from the company’s board of directors in March 2020, a decade after he resigned as CEO to focus on his philanthropy work.

Gates’ ownership in Microsoft dropped from 45% during the company’s IPO in 1986 to only 1.34%, representing 102.99 million shares as per the last ownership disclosure in October 2019.

Since stepping down in 2020, he has stopped publicly reporting his ownership of Microsoft.

Nonetheless, he remains among the top five wealthiest Americans. With a net worth of $124.5 billion, Gates is the sixth richest person in the United States in 2023, according to Forbes.

Gates also makes personal investments in various companies through an asset management company, Cascade Investment LLC.

Satya Nadella  – 800,667 Shares – 0.01%

Microsoft CEO holds 800,667.853 shares, as shown by the latest ownership disclosure on September 1, 2023.

Before Nadella was appointed as a C-level officer in 2014, replacing Ballmer, he held various leadership roles across the company, including executive vice president of Microsoft’s Cloud and Enterprise group and vice president of the Microsoft Business Division.

Originally from Hyderabad, India, he previously worked as a member of the technology staff at Sun Microsystems before joining Microsoft in 1992.

Bradford L. Smith – 570,826 Shares – 0.007%

SEC’s disclosure on February 5, 2024 shows that Smith held 570,826.2701 shares, making him the second executive who owns the most Microsoft stock.

As Vice Chair and President of Microsoft, Smith is in charge of representing the company in public on a variety of important topics about the intersection between technology and society, such as cybersecurity, artificial intelligence, human rights, and business for non-profit clients.

Joining Microsoft in 1993, Smith led efforts to resolve the company’s antitrust controversies with governments around the world and companies across the tech sector, as well as the company’s work to improve privacy protection.

Amy E. Hood – 521,114 Shares – 0.007%

According to the latest SEC’s disclosure on September 18, 2023, Hood owns 521,114.556 shares in Microsoft.

As Microsoft’s Executive Vice President and Chief Financial Officer, Hood oversees all of the company’s financial matters, including operations, acquisitions, taxation, accounting, and internal audit.

She played a crucial role in ensuring Microsoft’s successful acquisitions of LinkedIn, GitHub, and Nuance Communications.

The Bottom Line

Nearly 70% of Microsoft’s stock is owned by institutional stockholders.

Vanguard and Blackrock are Microsoft’s top two institutional investors, accounting for 8.7% and 7.1%, respectively.

A large proportion of institutional shareholders will have more clout to influence Microsoft’s corporate decisions.

FAQs

Who owns Microsoft?

Is Microsoft a public company?

How many MSFT shares are there?

How many shareholders does Microsoft have?

Who owns the most shares of Microsoft?

Advertisements

Related Reading

Related Terms

Advertisements
Fitri Wulandari

Fitri has over 20 years of experience in financial journalism. She has contributed to various international media outlets, including Dow Jones Newswires, Bloomberg, and Reuters, before joining Techopedia. She spent the first 15 years of her career covering commodity and energy news, later transitioning to general financial writing. These days, she conducts interviews with industry players and analysts and reports on international conferences. Fitri holds a degree in International Relations, supporting her expertise in financial journalism. She occasionally serves as a guest trainer for journalistic training and as a moderator for panel discussions.