Microsoft Corporation (MSFT) Surged 38% as Azure Accelerated, but One Investor Remains Skeptical: Here’s Why Attiya Zainib Tue, November 10, 2026 at 11:16 AM EST 3 min read MSFT -0.43% Trade MSFT on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Liontrust Investment Partners recently released its "GF Global Dividend Fund" Q3 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -0.6% in the third quarter of 2026, underperforming the MSCI AC World Index, which gained 1.6%. However, the Fund remained ahead of the benchmark year to date, with a 16.0% return compared with 13.0% for the index. The quarter was shaped by volatility across semiconductor stocks, even as demand for AI infrastructure continued to strengthen. Customers across the memory and advanced packaging supply chains began making substantial advance payments to secure future capacity, while some major investors announced financing platforms targeting $500 billion in third-party capital for AI factories. The Fund took advantage of July's market sell-off by repurchasing several previously sold holdings at lower valuations. By quarter-end, its information technology weighting had increased from approximately 25% to 39%. Looking ahead, the managers remain focused on businesses capable of converting supply constraints and technological disruption into sustainable earnings and dividend growth, while remaining alert to higher bond yields and elevated market expectations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its third-quarter 2026 investor letter, Liontrust GF Global Dividend Fund highlighted stocks like Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) develops software, cloud services, personal computing products, and enterprise solutions. The one-month return of Microsoft Corporation (NASDAQ:MSFT) was -0.19% while its shares traded between $349.20 and $559.15 over the last 52 weeks. On November 9th, 2026, Microsoft Corporation (NASDAQ:MSFT) stock closed at approximately $545.18 per share, with a market capitalization of about 4.03 trillion.
Liontrust GF Global Dividend Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q3 2026 investor letter:
"Outside the portfolio, the Fund's underweight to Microsoft Corporation (NASDAQ:MSFT) (not held) was the largest single drag on relative return, costing 0.9 points as the shares rose 38% on an acceleration in Azure cloud revenue growth. Our preferred cloud exposure among the hyperscalers remains those with full stack economics, Amazon, Alphabet and Meta, rather than Microsoft, whose significant software estate we believe AI agents are disintermediating (Click Here To Read The Letter In Detail)."
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In another article, we covered Microsoft Corporation (NASDAQ:MSFT) and shared the list of best tech stocks that pay dividends. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.
This article is originally published at Insider Monkey.
