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Investing.com -- Cercano Management, formerly known as Vulcan Capital, has reduced its stake in Microsoft Corp (NASDAQ:MSFT). by 36% over the past two years, according to Bloomberg News. The investment firm, which was spun out of Microsoft co-founder Paul Allen’s family office in late 2021, had a 17% weighting in the software giant the following year. By the start of 2025, this position had decreased to roughly 12%, after the firm sold at least 275,000 shares of Microsoft each quarter throughout the previous year.
The company’s U.S. stocks portfolio, valued at nearly $4 billion at the end of last year, consists of more than 180 U.S. stocks.
As Cercano reduced its holdings in Microsoft, it increased its stakes in other prominent tech companies. The Bellevue, Washington-based firm expanded its investments in Apple Inc (NASDAQ:AAPL)., Meta Platforms Inc (NASDAQ:META)., and Alphabet (NASDAQ:GOOGL) Inc., the parent company of Google, during the last three months of the previous year. The firm’s shift in investment strategy reflects a broader diversification within the so-called "Magnificent Seven" stocks.
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