MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

Davis Selected Advisers's Holding History (CIK: 0001036325)

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

Q4 2025

Shares 60,801 Value ($000) $29,406 Avg Close $500.58 Range $464.89 - $552.69

Q3 2025

Shares 52,306 Value ($000) $27,092 Avg Close $508.71 Range $486.99 - $553.50

Q2 2025

Shares 247,956 Value ($000) $123,336 Avg Close $432.38 Range $342.95 - $499.00

Q1 2025

Shares 256,523 Value ($000) $96,296 Avg Close $405.08 Range $365.28 - $445.10

Q4 2024

Shares 254,991 Value ($000) $107,479 Avg Close $422.35 Range $401.80 - $452.82

Q3 2024

Shares 258,140 Value ($000) $111,078 Avg Close $423.10 Range $381.30 - $463.16

Q2 2024

Shares 258,122 Value ($000) $115,368 Avg Close $417.26 Range $383.04 - $451.11

Q1 2024

Shares 258,645 Value ($000) $108,817 Avg Close $399.26 Range $361.12 - $425.28

Q4 2023

Shares 333,476 Value ($000) $125,402 Avg Close $350.36 Range $306.02 - $378.65

Q3 2023

Shares 336,436 Value ($000) $106,230 Avg Close $324.59 Range $304.29 - $359.90

Q2 2023

Shares 345,390 Value ($000) $117,620 Avg Close $307.21 Range $269.61 - $344.87

Q1 2023

Shares 351,685 Value ($000) $101,391 Avg Close $249.46 Range $214.23 - $283.22

Q4 2022

Shares 361,772 Value ($000) $86,760 Avg Close $234.05 Range $207.86 - $257.76

Q3 2022

Shares 371,589 Value ($000) $86,543 Avg Close $256.88 Range $226.66 - $285.90

Q2 2022

Shares 377,148 Value ($000) $96,863 Avg Close $263.43 Range $234.71 - $305.53

Q1 2022

Shares 432,438 Value ($000) $133,325 Avg Close $291.40 Range $261.79 - $327.04

Q4 2021

Shares 444,003 Value ($000) $149,327 Avg Close $313.41 Range $270.67 - $338.33

Q3 2021

Shares 449,640 Value ($000) $126,763 Avg Close $280.73 Range $259.89 - $295.39

Q2 2021

Shares 456,782 Value ($000) $123,742 Avg Close $244.73 Range $228.94 - $261.86

Q1 2021

Shares 458,913 Value ($000) $108,198 Avg Close $222.90 Range $203.36 - $236.17

Q4 2020

Shares 463,965 Value ($000) $103,195 Avg Close $206.04 Range $191.04 - $218.32

Q3 2020

Shares 481,975 Value ($000) $101,374 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 561,829 Value ($000) $114,338 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 575,739 Value ($000) $90,800 Avg Close $156.34 Range $126.17 - $181.07

Q4 2019

Shares 1,237,840 Value ($000) $195,207 Avg Close $139.23 Range $126.06 - $151.49

Q3 2019

Shares 1,744,532 Value ($000) $242,542 Avg Close $129.91 Range $123.34 - $134.72

Q2 2019

Shares 1,800,433 Value ($000) $241,186 Avg Close $119.52 Range $110.97 - $130.53

Q1 2019

Shares 1,847,059 Value ($000) $217,842 Avg Close $102.29 Range $90.94 - $113.53

Q4 2018

Shares 2,889,277 Value ($000) $293,191 Avg Close $100.00 Range $87.91 - $108.24

Q3 2018

Shares 2,963,695 Value ($000) $338,958 Avg Close $100.81 Range $90.95 - $107.41

Q2 2018

Shares 3,255,346 Value ($000) $321,010 Avg Close $89.76 Range $80.86 - $95.30

Q1 2018

Shares 3,327,972 Value ($000) $303,744 Avg Close $84.31 Range $77.10 - $89.85

Q4 2017

Shares 3,452,947 Value ($000) $295,365 Avg Close $75.26 Range $67.45 - $80.48

Q3 2017

Shares 3,488,561 Value ($000) $259,717 Avg Close $66.68 Range $61.92 - $69.52

Q2 2017

Shares 3,695,488 Value ($000) $254,730 Avg Close $62.32 Range $58.70 - $66.35

Q1 2017

Shares 3,947,741 Value ($000) $259,998 Avg Close $57.84 Range $55.73 - $59.91

Q4 2016

Shares 4,100,805 Value ($000) $254,824 Avg Close $53.94 Range $50.33 - $57.67

Q3 2016

Shares 4,444,519 Value ($000) $256,004 Avg Close $50.29 Range $44.75 - $52.45

Q2 2016

Shares 4,671,550 Value ($000) $239,043 Avg Close $45.98 Range $42.66 - $50.07

Q1 2016

Shares 4,784,499 Value ($000) $264,248 Avg Close $46.08 Range $42.20 - $49.07

Q4 2015

Shares 5,337,272 Value ($000) $296,112 Avg Close $45.92 Range $38.05 - $49.78

Q3 2015

Shares 6,202,237 Value ($000) $274,511 Avg Close $38.92 Range $34.55 - $41.83

Q2 2015

Shares 7,422,584 Value ($000) $327,707 Avg Close $39.29 Range $34.44 - $42.53

Q1 2015

Shares 7,595,242 Value ($000) $308,785 Avg Close $37.24 Range $34.29 - $40.84

Q4 2014

Shares 7,797,416 Value ($000) $362,190 Avg Close $39.88 Range $35.66 - $42.40

Q3 2014

Shares 9,372,850 Value ($000) $434,531 Avg Close $37.66 Range $34.56 - $40.29

Q2 2014

Shares 9,651,997 Value ($000) $402,527 Avg Close $33.96 Range $32.19 - $35.60

Q1 2014

Shares 10,316,723 Value ($000) $422,882 Avg Close $31.26 Range $28.73 - $34.69

Q4 2013

Shares 11,378,912 Value ($000) $425,685 Avg Close $30.02 Range $27.01 - $32.34

Q3 2013

Shares 11,538,873 Value ($000) $384,014 Avg Close $27.00 Range $25.36 - $29.79

Q2 2013

Shares 11,712,043 Value ($000) $404,592 Avg Close $26.70 Range $22.82 - $29.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	60,801	$29,406	$500.58	$464.89 - $552.69
Q3 2025	52,306	$27,092	$508.71	$486.99 - $553.50
Q2 2025	247,956	$123,336	$432.38	$342.95 - $499.00
Q1 2025	256,523	$96,296	$405.08	$365.28 - $445.10
Q4 2024	254,991	$107,479	$422.35	$401.80 - $452.82
Q3 2024	258,140	$111,078	$423.10	$381.30 - $463.16
Q2 2024	258,122	$115,368	$417.26	$383.04 - $451.11
Q1 2024	258,645	$108,817	$399.26	$361.12 - $425.28
Q4 2023	333,476	$125,402	$350.36	$306.02 - $378.65
Q3 2023	336,436	$106,230	$324.59	$304.29 - $359.90
Q2 2023	345,390	$117,620	$307.21	$269.61 - $344.87
Q1 2023	351,685	$101,391	$249.46	$214.23 - $283.22
Q4 2022	361,772	$86,760	$234.05	$207.86 - $257.76
Q3 2022	371,589	$86,543	$256.88	$226.66 - $285.90
Q2 2022	377,148	$96,863	$263.43	$234.71 - $305.53
Q1 2022	432,438	$133,325	$291.40	$261.79 - $327.04
Q4 2021	444,003	$149,327	$313.41	$270.67 - $338.33
Q3 2021	449,640	$126,763	$280.73	$259.89 - $295.39
Q2 2021	456,782	$123,742	$244.73	$228.94 - $261.86
Q1 2021	458,913	$108,198	$222.90	$203.36 - $236.17
Q4 2020	463,965	$103,195	$206.04	$191.04 - $218.32
Q3 2020	481,975	$101,374	$200.75	$187.82 - $222.85
Q2 2020	561,829	$114,338	$173.06	$143.15 - $195.15
Q1 2020	575,739	$90,800	$156.34	$126.17 - $181.07
Q4 2019	1,237,840	$195,207	$139.23	$126.06 - $151.49
Q3 2019	1,744,532	$242,542	$129.91	$123.34 - $134.72
Q2 2019	1,800,433	$241,186	$119.52	$110.97 - $130.53
Q1 2019	1,847,059	$217,842	$102.29	$90.94 - $113.53
Q4 2018	2,889,277	$293,191	$100.00	$87.91 - $108.24
Q3 2018	2,963,695	$338,958	$100.81	$90.95 - $107.41
Q2 2018	3,255,346	$321,010	$89.76	$80.86 - $95.30
Q1 2018	3,327,972	$303,744	$84.31	$77.10 - $89.85
Q4 2017	3,452,947	$295,365	$75.26	$67.45 - $80.48
Q3 2017	3,488,561	$259,717	$66.68	$61.92 - $69.52
Q2 2017	3,695,488	$254,730	$62.32	$58.70 - $66.35
Q1 2017	3,947,741	$259,998	$57.84	$55.73 - $59.91
Q4 2016	4,100,805	$254,824	$53.94	$50.33 - $57.67
Q3 2016	4,444,519	$256,004	$50.29	$44.75 - $52.45
Q2 2016	4,671,550	$239,043	$45.98	$42.66 - $50.07
Q1 2016	4,784,499	$264,248	$46.08	$42.20 - $49.07
Q4 2015	5,337,272	$296,112	$45.92	$38.05 - $49.78
Q3 2015	6,202,237	$274,511	$38.92	$34.55 - $41.83
Q2 2015	7,422,584	$327,707	$39.29	$34.44 - $42.53
Q1 2015	7,595,242	$308,785	$37.24	$34.29 - $40.84
Q4 2014	7,797,416	$362,190	$39.88	$35.66 - $42.40
Q3 2014	9,372,850	$434,531	$37.66	$34.56 - $40.29
Q2 2014	9,651,997	$402,527	$33.96	$32.19 - $35.60
Q1 2014	10,316,723	$422,882	$31.26	$28.73 - $34.69
Q4 2013	11,378,912	$425,685	$30.02	$27.01 - $32.34
Q3 2013	11,538,873	$384,014	$27.00	$25.36 - $29.79
Q2 2013	11,712,043	$404,592	$26.70	$22.82 - $29.26