First Pacific Advisors released its Q4 2025 investor letter for “The FPA Crescent Fund,” with a 3.09% return in Q4 and 17.65% yearly returns. The Fund outperformed the global market return of 79.0%, with the top five holdings highlighted for 2025.

The FPA Crescent Fund’s investor letter discussed Microsoft Corporation (MSFT), noting its -9.00% one-month return and 4.71% gain over 52 weeks. Microsoft closed at $430.29 per share on January 30, 2026, with a market cap of $3.195 trillion.

Microsoft Corporation (MSFT) is the second most popular stock among hedge funds, with 312 portfolios holding it in Q3 2025. In Q1 2026, Microsoft reported a revenue increase of 18% year-over-year, with potential upside in AI stocks compared to Microsoft.

Check out more profitable NASDAQ stocks to buy, along with hedge fund investor letters from Q4 2025 for additional insights on market trends and investment opportunities. Explore future outlooks for Dow stocks and unstoppable stocks that could double your money.

Disclosure: None. Original article published on Insider Monkey.

Read more at Yahoo Finance: Rationale Behind FPA Crescent Fund’s Sale of Microsoft (MSFT)