MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

HORIZON KINETICS ASSET MANAGEMENT LLC's Holding History (CIK: 0001056823)

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

Q4 2025

Shares 7,208 Value ($000) $3,486 Avg Close $500.58 Range $464.89 - $552.69

Q3 2025

Shares 7,482 Value ($000) $3,875 Avg Close $508.71 Range $486.99 - $553.50

Q2 2025

Shares 11,851 Value ($000) $5,895 Avg Close $432.38 Range $342.95 - $499.00

Q1 2025

Shares 12,597 Value ($000) $4,729 Avg Close $405.08 Range $365.28 - $445.10

Q4 2024

Shares 12,773 Value ($000) $5,384 Avg Close $422.35 Range $401.80 - $452.82

Q3 2024

Shares 13,010 Value ($000) $5,598 Avg Close $423.10 Range $381.30 - $463.16

Q2 2024

Shares 8,444 Value ($000) $3,774 Avg Close $417.26 Range $383.04 - $451.11

Q1 2024

Shares 8,523 Value ($000) $3,586 Avg Close $399.26 Range $361.12 - $425.28

Q4 2023

Shares 9,035 Value ($000) $3,398 Avg Close $350.36 Range $306.02 - $378.65

Q3 2023

Shares 9,201 Value ($000) $2,905 Avg Close $324.59 Range $304.29 - $359.90

Q2 2023

Shares 9,546 Value ($000) $3,251 Avg Close $307.21 Range $269.61 - $344.87

Q1 2023

Shares 9,536 Value ($000) $2,749 Avg Close $249.46 Range $214.23 - $283.22

Q4 2022

Shares 8,739 Value ($000) $2,096 Avg Close $234.05 Range $207.86 - $257.76

Q3 2022

Shares 9,334 Value ($000) $2,174 Avg Close $256.88 Range $226.66 - $285.90

Q2 2022

Shares 8,747 Value ($000) $2,246 Avg Close $263.43 Range $234.71 - $305.53

Q1 2022

Shares 9,088 Value ($000) $2,802 Avg Close $291.40 Range $261.79 - $327.04

Q4 2021

Shares 9,214 Value ($000) $3,099 Avg Close $313.41 Range $270.67 - $338.33

Q3 2021

Shares 8,736 Value ($000) $2,463 Avg Close $280.73 Range $259.89 - $295.39

Q2 2021

Shares 8,893 Value ($000) $2,409 Avg Close $244.73 Range $228.94 - $261.86

Q1 2021

Shares 9,293 Value ($000) $2,191 Avg Close $222.90 Range $203.36 - $236.17

Q4 2020

Shares 12,570 Value ($000) $2,796 Avg Close $206.04 Range $191.04 - $218.32

Q3 2020

Shares 18,999 Value ($000) $3,996 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 18,940 Value ($000) $3,855 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 19,360 Value ($000) $3,053 Avg Close $156.34 Range $126.17 - $181.07

Q4 2019

Shares 18,101 Value ($000) $2,855 Avg Close $139.23 Range $126.06 - $151.49

Q3 2019

Shares 18,451 Value ($000) $2,565 Avg Close $129.91 Range $123.34 - $134.72

Q2 2019

Shares 18,812 Value ($000) $2,520 Avg Close $119.52 Range $110.97 - $130.53

Q1 2019

Shares 19,315 Value ($000) $2,278 Avg Close $102.29 Range $90.94 - $113.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,208	$3,486	$500.58	$464.89 - $552.69
Q3 2025	7,482	$3,875	$508.71	$486.99 - $553.50
Q2 2025	11,851	$5,895	$432.38	$342.95 - $499.00
Q1 2025	12,597	$4,729	$405.08	$365.28 - $445.10
Q4 2024	12,773	$5,384	$422.35	$401.80 - $452.82
Q3 2024	13,010	$5,598	$423.10	$381.30 - $463.16
Q2 2024	8,444	$3,774	$417.26	$383.04 - $451.11
Q1 2024	8,523	$3,586	$399.26	$361.12 - $425.28
Q4 2023	9,035	$3,398	$350.36	$306.02 - $378.65
Q3 2023	9,201	$2,905	$324.59	$304.29 - $359.90
Q2 2023	9,546	$3,251	$307.21	$269.61 - $344.87
Q1 2023	9,536	$2,749	$249.46	$214.23 - $283.22
Q4 2022	8,739	$2,096	$234.05	$207.86 - $257.76
Q3 2022	9,334	$2,174	$256.88	$226.66 - $285.90
Q2 2022	8,747	$2,246	$263.43	$234.71 - $305.53
Q1 2022	9,088	$2,802	$291.40	$261.79 - $327.04
Q4 2021	9,214	$3,099	$313.41	$270.67 - $338.33
Q3 2021	8,736	$2,463	$280.73	$259.89 - $295.39
Q2 2021	8,893	$2,409	$244.73	$228.94 - $261.86
Q1 2021	9,293	$2,191	$222.90	$203.36 - $236.17
Q4 2020	12,570	$2,796	$206.04	$191.04 - $218.32
Q3 2020	18,999	$3,996	$200.75	$187.82 - $222.85
Q2 2020	18,940	$3,855	$173.06	$143.15 - $195.15
Q1 2020	19,360	$3,053	$156.34	$126.17 - $181.07
Q4 2019	18,101	$2,855	$139.23	$126.06 - $151.49
Q3 2019	18,451	$2,565	$129.91	$123.34 - $134.72
Q2 2019	18,812	$2,520	$119.52	$110.97 - $130.53
Q1 2019	19,315	$2,278	$102.29	$90.94 - $113.53