Meridian Hedged Equity Fund Holds Firm on Microsoft Corp. (MSFT)

Meridian Hedged Equity Fund Holds Firm on Microsoft Corp. (MSFT) Soumya Eswaran Mon, June 29, 2026 at 8:22 PM GMT+7 3 min read MSFT CBOE CL=F ^GSPC Meridian Funds, managed by Arrow Mark Partners, released its first-quarter 2026 investor letter for "Meridian Hedged Equity Fund". A copy of the letter can be downloaded here. The Fund invests in high-quality growth companies and mitigates risk by writing call options. Following the late-February strike on Iran, oil prices surged, leading to a risk-off sentiment, boosting energy sector performance. Large-cap technology stocks declined as investors rotated towards smaller companies and more defensive value investments. Market conditions are becoming challenging due to reduced expectations for a Federal Reserve rate cut and increasing geopolitical uncertainty. The Fund returned 0.08% (net) for the quarter, outperforming the S&P 500 Index, which fell 4.33%, and the CBOE S&P 500 BuyWrite Index, which declined 0.92%. At the end of the period, 43% of the portfolio was unhedged, while the remainder was invested in companies with covered call options. In addition, please check the Fund's top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Meridian Hedged Equity Fund highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On June 26, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $372.97 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -19.01%, and its shares lost 25.02% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.77 trillion.

Meridian Hedged Equity Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q1 2026 investor letter: