Here’s What Weighed on Microsoft Corporation’s (MSFT) Performance in Q1
Key takeaways
- Early optimism shifted to a historic energy shock caused by US-Israeli strikes on Iran.
- In its first-quarter 2026 investor letter, Antipodes Global Strategy highlighted Microsoft Corporation (NASDAQ:MSFT).
- Antipodes Global Strategy stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q1 2026 investor letter:
Here’s What Weighed on Microsoft Corporation’s (MSFT) Performance in Q1 Soumya Eswaran Thu, June 25, 2026 at 11:23 PM GMT+7 3 min read MSFT Antipodes Partners published its "Antipodes Global Strategy" first-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The first quarter of 2026 was highly volatile. Early optimism shifted to a historic energy shock caused by US-Israeli strikes on Iran. Global equities dropped 3.2% in USD, with US equities falling 4.6%, and value stocks outperformed growth stocks as the rotation away from mega-cap tech accelerated due to AI fears. The strategy outperformed the benchmark over the quarter and the 12 months to March 31, 2026. Exposure in North America, Korea, Western Europe, and Latin America regions boosted performance, while Canada and the UK lagged. Energy, consumer discretionary, industrials, and healthcare sectors led the performance, while financials, real estate, and materials lagged. To manage risk, the firm increased its holdings in defensive sectors during the quarter. For insights into their key selections for 2026, please review the Strategy's top five holdings.
In its first-quarter 2026 investor letter, Antipodes Global Strategy 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 24, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $365.46 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -11.70%, and its shares lost 25.05% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.71 trillion.
Antipodes Global Strategy stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q1 2026 investor letter: