MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

LOUDON INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0001597089)

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

Q4 2025

Shares 27,230 Value ($000) $13,169 Avg Close $500.58 Range $464.89 - $552.69

Q3 2025

Shares 27,036 Value ($000) $14,003 Avg Close $508.71 Range $486.99 - $553.50

Q2 2025

Shares 27,186 Value ($000) $13,523 Avg Close $432.38 Range $342.95 - $499.00

Q1 2025

Shares 27,336 Value ($000) $10,262 Avg Close $405.08 Range $365.28 - $445.10

Q4 2024

Shares 27,491 Value ($000) $11,587 Avg Close $422.35 Range $401.80 - $452.82

Q3 2024

Shares 27,526 Value ($000) $11,844 Avg Close $423.10 Range $381.30 - $463.16

Q2 2024

Shares 27,672 Value ($000) $12,368 Avg Close $417.26 Range $383.04 - $451.11

Q1 2024

Shares 27,772 Value ($000) $11,684 Avg Close $399.26 Range $361.12 - $425.28

Q4 2023

Shares 28,862 Value ($000) $10,853 Avg Close $350.36 Range $306.02 - $378.65

Q3 2023

Shares 29,305 Value ($000) $9,253 Avg Close $324.59 Range $304.29 - $359.90

Q2 2023

Shares 29,499 Value ($000) $10,046 Avg Close $307.21 Range $269.61 - $344.87

Q1 2023

Shares 30,311 Value ($000) $8,739 Avg Close $249.46 Range $214.23 - $283.22

Q4 2022

Shares 30,806 Value ($000) $7,388 Avg Close $234.05 Range $207.86 - $257.76

Q3 2022

Shares 30,679 Value ($000) $7,145 Avg Close $256.88 Range $226.66 - $285.90

Q2 2022

Shares 31,579 Value ($000) $8,110 Avg Close $263.43 Range $234.71 - $305.53

Q1 2022

Shares 31,549 Value ($000) $9,727 Avg Close $291.40 Range $261.79 - $327.04

Q4 2021

Shares 31,837 Value ($000) $10,707 Avg Close $313.41 Range $270.67 - $338.33

Q3 2021

Shares 32,135 Value ($000) $9,059 Avg Close $280.73 Range $259.89 - $295.39

Q2 2021

Shares 32,984 Value ($000) $8,935 Avg Close $244.73 Range $228.94 - $261.86

Q1 2021

Shares 33,565 Value ($000) $7,914 Avg Close $222.90 Range $203.36 - $236.17

Q4 2020

Shares 34,250 Value ($000) $7,618 Avg Close $206.04 Range $191.04 - $218.32

Q3 2020

Shares 35,921 Value ($000) $7,555 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 36,688 Value ($000) $7,466 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 37,021 Value ($000) $5,839 Avg Close $156.34 Range $126.17 - $181.07

Q4 2019

Shares 37,246 Value ($000) $5,874 Avg Close $139.23 Range $126.06 - $151.49

Q3 2019

Shares 38,107 Value ($000) $5,298 Avg Close $129.91 Range $123.34 - $134.72

Q2 2019

Shares 39,340 Value ($000) $5,270 Avg Close $119.52 Range $110.97 - $130.53

Q1 2019

Shares 41,510 Value ($000) $4,896 Avg Close $102.29 Range $90.94 - $113.53

Q4 2018

Shares 43,149 Value ($000) $4,383 Avg Close $100.00 Range $87.91 - $108.24

Q3 2018

Shares 45,057 Value ($000) $5,153 Avg Close $100.81 Range $90.95 - $107.41

Q2 2018

Shares 51,000 Value ($000) $5,029 Avg Close $89.76 Range $80.86 - $95.30

Q1 2018

Shares 53,510 Value ($000) $4,884 Avg Close $84.31 Range $77.10 - $89.85

Q4 2017

Shares 59,200 Value ($000) $5,064 Avg Close $75.26 Range $67.45 - $80.48

Q3 2017

Shares 60,486 Value ($000) $4,506 Avg Close $66.68 Range $61.92 - $69.52

Q2 2017

Shares 63,417 Value ($000) $4,371 Avg Close $62.32 Range $58.70 - $66.35

Q1 2017

Shares 65,333 Value ($000) $4,303 Avg Close $57.84 Range $55.73 - $59.91

Q4 2016

Shares 79,709 Value ($000) $4,953 Avg Close $53.94 Range $50.33 - $57.67

Q3 2016

Shares 81,524 Value ($000) $4,696 Avg Close $50.29 Range $44.75 - $52.45

Q2 2016

Shares 85,426 Value ($000) $4,371 Avg Close $45.98 Range $42.66 - $50.07

Q1 2016

Shares 96,361 Value ($000) $5,322 Avg Close $46.08 Range $42.20 - $49.07

Q4 2015

Shares 103,734 Value ($000) $5,755 Avg Close $45.92 Range $38.05 - $49.78

Q3 2015

Shares 105,724 Value ($000) $4,679 Avg Close $38.92 Range $34.55 - $41.83

Q2 2015

Shares 104,812 Value ($000) $4,627 Avg Close $39.29 Range $34.44 - $42.53

Q1 2015

Shares 104,712 Value ($000) $4,257 Avg Close $37.24 Range $34.29 - $40.84

Q4 2014

Shares 104,515 Value ($000) $4,855 Avg Close $39.88 Range $35.66 - $42.40

Q3 2014

Shares 106,115 Value ($000) $4,919 Avg Close $37.66 Range $34.56 - $40.29

Q2 2014

Shares 106,055 Value ($000) $4,422 Avg Close $33.96 Range $32.19 - $35.60

Q1 2014

Shares 105,955 Value ($000) $4,343 Avg Close $31.26 Range $28.73 - $34.69

Q4 2013

Shares 106,017 Value ($000) $3,966 Avg Close $30.02 Range $27.01 - $32.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,230	$13,169	$500.58	$464.89 - $552.69
Q3 2025	27,036	$14,003	$508.71	$486.99 - $553.50
Q2 2025	27,186	$13,523	$432.38	$342.95 - $499.00
Q1 2025	27,336	$10,262	$405.08	$365.28 - $445.10
Q4 2024	27,491	$11,587	$422.35	$401.80 - $452.82
Q3 2024	27,526	$11,844	$423.10	$381.30 - $463.16
Q2 2024	27,672	$12,368	$417.26	$383.04 - $451.11
Q1 2024	27,772	$11,684	$399.26	$361.12 - $425.28
Q4 2023	28,862	$10,853	$350.36	$306.02 - $378.65
Q3 2023	29,305	$9,253	$324.59	$304.29 - $359.90
Q2 2023	29,499	$10,046	$307.21	$269.61 - $344.87
Q1 2023	30,311	$8,739	$249.46	$214.23 - $283.22
Q4 2022	30,806	$7,388	$234.05	$207.86 - $257.76
Q3 2022	30,679	$7,145	$256.88	$226.66 - $285.90
Q2 2022	31,579	$8,110	$263.43	$234.71 - $305.53
Q1 2022	31,549	$9,727	$291.40	$261.79 - $327.04
Q4 2021	31,837	$10,707	$313.41	$270.67 - $338.33
Q3 2021	32,135	$9,059	$280.73	$259.89 - $295.39
Q2 2021	32,984	$8,935	$244.73	$228.94 - $261.86
Q1 2021	33,565	$7,914	$222.90	$203.36 - $236.17
Q4 2020	34,250	$7,618	$206.04	$191.04 - $218.32
Q3 2020	35,921	$7,555	$200.75	$187.82 - $222.85
Q2 2020	36,688	$7,466	$173.06	$143.15 - $195.15
Q1 2020	37,021	$5,839	$156.34	$126.17 - $181.07
Q4 2019	37,246	$5,874	$139.23	$126.06 - $151.49
Q3 2019	38,107	$5,298	$129.91	$123.34 - $134.72
Q2 2019	39,340	$5,270	$119.52	$110.97 - $130.53
Q1 2019	41,510	$4,896	$102.29	$90.94 - $113.53
Q4 2018	43,149	$4,383	$100.00	$87.91 - $108.24
Q3 2018	45,057	$5,153	$100.81	$90.95 - $107.41
Q2 2018	51,000	$5,029	$89.76	$80.86 - $95.30
Q1 2018	53,510	$4,884	$84.31	$77.10 - $89.85
Q4 2017	59,200	$5,064	$75.26	$67.45 - $80.48
Q3 2017	60,486	$4,506	$66.68	$61.92 - $69.52
Q2 2017	63,417	$4,371	$62.32	$58.70 - $66.35
Q1 2017	65,333	$4,303	$57.84	$55.73 - $59.91
Q4 2016	79,709	$4,953	$53.94	$50.33 - $57.67
Q3 2016	81,524	$4,696	$50.29	$44.75 - $52.45
Q2 2016	85,426	$4,371	$45.98	$42.66 - $50.07
Q1 2016	96,361	$5,322	$46.08	$42.20 - $49.07
Q4 2015	103,734	$5,755	$45.92	$38.05 - $49.78
Q3 2015	105,724	$4,679	$38.92	$34.55 - $41.83
Q2 2015	104,812	$4,627	$39.29	$34.44 - $42.53
Q1 2015	104,712	$4,257	$37.24	$34.29 - $40.84
Q4 2014	104,515	$4,855	$39.88	$35.66 - $42.40
Q3 2014	106,115	$4,919	$37.66	$34.56 - $40.29
Q2 2014	106,055	$4,422	$33.96	$32.19 - $35.60
Q1 2014	105,955	$4,343	$31.26	$28.73 - $34.69
Q4 2013	106,017	$3,966	$30.02	$27.01 - $32.34