The Microsoft Trade

Microsoft is making headlines today with a 4.5% increase in stock price at the time of writing. Recent filings reveal that President Trump made significant purchases of tech stocks in Q1 of 2026, coinciding with a downturn at the beginning of the war. Notable stocks include Nvidia, Microsoft, Meta, and Amazon.

I previously wrote a post advocating for a rotation into tech during that downturn. Likely, I followed my own advice and increased my tech exposure significantly. My primary focus was on Microsoft, where I made purchases on seven different occasions over the last four months, more than doubling my position, which is now my second largest holding.

Additionally, Bill Ackman announced on May 15th that Microsoft has become a core holding for Pershing Square, as indicated in their 13F filing. This announcement has contributed to the stock’s surge today.

Once again, we were early rather than late in this trade.