MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

MERITAGE PORTFOLIO MANAGEMENT's Holding History (CIK: 0000881432)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 141,424 Value ($000) $68,396 Avg Close $500.58 Range $464.89 - $552.69

Q3 2025

Shares 144,156 Value ($000) $74,666 Avg Close $508.71 Range $486.99 - $553.50

Q2 2025

Shares 172,159 Value ($000) $85,634 Avg Close $432.38 Range $342.95 - $499.00

Q1 2025

Shares 181,058 Value ($000) $67,968 Avg Close $405.08 Range $365.28 - $445.10

Q4 2024

Shares 185,126 Value ($000) $78,031 Avg Close $422.35 Range $401.80 - $452.82

Q3 2024

Shares 188,272 Value ($000) $81 Avg Close $423.10 Range $381.30 - $463.16

Q2 2024

Shares 189,786 Value ($000) $85 Avg Close $417.26 Range $383.04 - $451.11

Q1 2024

Shares 191,995 Value ($000) $81 Avg Close $399.26 Range $361.12 - $425.28

Q4 2023

Shares 217,149 Value ($000) $82 Avg Close $350.36 Range $306.02 - $378.65

Q3 2023

Shares 202,752 Value ($000) $64 Avg Close $324.59 Range $304.29 - $359.90

Q2 2023

Shares 204,191 Value ($000) $70 Avg Close $307.21 Range $269.61 - $344.87

Q1 2023

Shares 204,111 Value ($000) $59 Avg Close $249.46 Range $214.23 - $283.22

Q4 2022

Shares 243,371 Value ($000) $58 Avg Close $234.05 Range $207.86 - $257.76

Q3 2022

Shares 253,467 Value ($000) $59,033 Avg Close $256.88 Range $226.66 - $285.90

Q2 2022

Shares 255,757 Value ($000) $65,686 Avg Close $263.43 Range $234.71 - $305.53

Q1 2022

Shares 267,229 Value ($000) $82,389 Avg Close $291.40 Range $261.79 - $327.04

Q4 2021

Shares 273,419 Value ($000) $91,956 Avg Close $313.41 Range $270.67 - $338.33

Q3 2021

Shares 274,357 Value ($000) $77,347 Avg Close $280.73 Range $259.89 - $295.39

Q2 2021

Shares 274,749 Value ($000) $74,429 Avg Close $244.73 Range $228.94 - $261.86

Q1 2021

Shares 274,777 Value ($000) $64,784 Avg Close $222.90 Range $203.36 - $236.17

Q4 2020

Shares 286,101 Value ($000) $63,635 Avg Close $206.04 Range $191.04 - $218.32

Q3 2020

Shares 282,380 Value ($000) $59,393 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 280,234 Value ($000) $57,030 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 272,393 Value ($000) $42,959 Avg Close $156.34 Range $126.17 - $181.07

Q4 2019

Shares 282,345 Value ($000) $44,526 Avg Close $139.23 Range $126.06 - $151.49

Q3 2019

Shares 284,311 Value ($000) $39,528 Avg Close $129.91 Range $123.34 - $134.72

Q2 2019

Shares 273,211 Value ($000) $36,599 Avg Close $119.52 Range $110.97 - $130.53

Q1 2019

Shares 251,824 Value ($000) $29,700 Avg Close $102.29 Range $90.94 - $113.53

Q4 2018

Shares 256,241 Value ($000) $26,026 Avg Close $100.00 Range $87.91 - $108.24

Q3 2018

Shares 261,966 Value ($000) $29,961 Avg Close $100.81 Range $90.95 - $107.41

Q2 2018

Shares 264,615 Value ($000) $26,094 Avg Close $89.76 Range $80.86 - $95.30

Q1 2018

Shares 266,082 Value ($000) $24,285 Avg Close $84.31 Range $77.10 - $89.85

Q4 2017

Shares 259,980 Value ($000) $22,239 Avg Close $75.26 Range $67.45 - $80.48

Q3 2017

Shares 264,060 Value ($000) $19,670 Avg Close $66.68 Range $61.92 - $69.52

Q2 2017

Shares 262,080 Value ($000) $18,065 Avg Close $62.32 Range $58.70 - $66.35

Q1 2017

Shares 267,522 Value ($000) $17,619 Avg Close $57.84 Range $55.73 - $59.91

Q4 2016

Shares 174,062 Value ($000) $10,816 Avg Close $53.94 Range $50.33 - $57.67

Q3 2016

Shares 9,720 Value ($000) $560 Avg Close $50.29 Range $44.75 - $52.45

Q2 2016

Shares 9,720 Value ($000) $497 Avg Close $45.98 Range $42.66 - $50.07

Q1 2016

Shares 10,950 Value ($000) $605 Avg Close $46.08 Range $42.20 - $49.07

Q4 2015

Shares 10,950 Value ($000) $608 Avg Close $45.92 Range $38.05 - $49.78

Q3 2015

Shares 10,950 Value ($000) $485 Avg Close $38.92 Range $34.55 - $41.83

Q2 2015

Shares 11,150 Value ($000) $492 Avg Close $39.29 Range $34.44 - $42.53

Q1 2015

Shares 14,403 Value ($000) $585 Avg Close $37.24 Range $34.29 - $40.84

Q4 2014

Shares 6,158 Value ($000) $286 Avg Close $39.88 Range $35.66 - $42.40

Q3 2014

Shares 6,158 Value ($000) $285 Avg Close $37.66 Range $34.56 - $40.29

Q2 2014

Shares 5,908 Value ($000) $246 Avg Close $33.96 Range $32.19 - $35.60

Q1 2014

Shares 5,908 Value ($000) $242 Avg Close $31.26 Range $28.73 - $34.69

Q4 2013

Shares 5,908 Value ($000) $221 Avg Close $30.02 Range $27.01 - $32.34

Q3 2013

Shares 352,496 Value ($000) $11,731 Avg Close $27.00 Range $25.36 - $29.79

Q2 2013

Shares 350,392 Value ($000) $12,104 Avg Close $26.70 Range $22.82 - $29.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	141,424	$68,396	$500.58	$464.89 - $552.69
Q3 2025	144,156	$74,666	$508.71	$486.99 - $553.50
Q2 2025	172,159	$85,634	$432.38	$342.95 - $499.00
Q1 2025	181,058	$67,968	$405.08	$365.28 - $445.10
Q4 2024	185,126	$78,031	$422.35	$401.80 - $452.82
Q3 2024	188,272	$81	$423.10	$381.30 - $463.16
Q2 2024	189,786	$85	$417.26	$383.04 - $451.11
Q1 2024	191,995	$81	$399.26	$361.12 - $425.28
Q4 2023	217,149	$82	$350.36	$306.02 - $378.65
Q3 2023	202,752	$64	$324.59	$304.29 - $359.90
Q2 2023	204,191	$70	$307.21	$269.61 - $344.87
Q1 2023	204,111	$59	$249.46	$214.23 - $283.22
Q4 2022	243,371	$58	$234.05	$207.86 - $257.76
Q3 2022	253,467	$59,033	$256.88	$226.66 - $285.90
Q2 2022	255,757	$65,686	$263.43	$234.71 - $305.53
Q1 2022	267,229	$82,389	$291.40	$261.79 - $327.04
Q4 2021	273,419	$91,956	$313.41	$270.67 - $338.33
Q3 2021	274,357	$77,347	$280.73	$259.89 - $295.39
Q2 2021	274,749	$74,429	$244.73	$228.94 - $261.86
Q1 2021	274,777	$64,784	$222.90	$203.36 - $236.17
Q4 2020	286,101	$63,635	$206.04	$191.04 - $218.32
Q3 2020	282,380	$59,393	$200.75	$187.82 - $222.85
Q2 2020	280,234	$57,030	$173.06	$143.15 - $195.15
Q1 2020	272,393	$42,959	$156.34	$126.17 - $181.07
Q4 2019	282,345	$44,526	$139.23	$126.06 - $151.49
Q3 2019	284,311	$39,528	$129.91	$123.34 - $134.72
Q2 2019	273,211	$36,599	$119.52	$110.97 - $130.53
Q1 2019	251,824	$29,700	$102.29	$90.94 - $113.53
Q4 2018	256,241	$26,026	$100.00	$87.91 - $108.24
Q3 2018	261,966	$29,961	$100.81	$90.95 - $107.41
Q2 2018	264,615	$26,094	$89.76	$80.86 - $95.30
Q1 2018	266,082	$24,285	$84.31	$77.10 - $89.85
Q4 2017	259,980	$22,239	$75.26	$67.45 - $80.48
Q3 2017	264,060	$19,670	$66.68	$61.92 - $69.52
Q2 2017	262,080	$18,065	$62.32	$58.70 - $66.35
Q1 2017	267,522	$17,619	$57.84	$55.73 - $59.91
Q4 2016	174,062	$10,816	$53.94	$50.33 - $57.67
Q3 2016	9,720	$560	$50.29	$44.75 - $52.45
Q2 2016	9,720	$497	$45.98	$42.66 - $50.07
Q1 2016	10,950	$605	$46.08	$42.20 - $49.07
Q4 2015	10,950	$608	$45.92	$38.05 - $49.78
Q3 2015	10,950	$485	$38.92	$34.55 - $41.83
Q2 2015	11,150	$492	$39.29	$34.44 - $42.53
Q1 2015	14,403	$585	$37.24	$34.29 - $40.84
Q4 2014	6,158	$286	$39.88	$35.66 - $42.40
Q3 2014	6,158	$285	$37.66	$34.56 - $40.29
Q2 2014	5,908	$246	$33.96	$32.19 - $35.60
Q1 2014	5,908	$242	$31.26	$28.73 - $34.69
Q4 2013	5,908	$221	$30.02	$27.01 - $32.34
Q3 2013	352,496	$11,731	$27.00	$25.36 - $29.79
Q2 2013	350,392	$12,104	$26.70	$22.82 - $29.26