Is Microsoft Corporation (MSFT) A Smart Long-Term Buy?
Alger, an investment management firm, published its “Alger Spectra Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alger Spectra Fund, in their Q1 2021 investor letter, mentioned Microsoft Corporation (NASDAQ: MSFT) and shared their insights on the company. Microsoft Corporation is a Redmond, Washington-based technology company that currently has a $1.9 trillion market capitalization. Since the beginning of the year, MSFT delivered a 16.33% return, extending its 12-month gains to 47.80%. As of April 19, 2021, the stock closed at $258.74 per share.