Investment firm shifts portfolio amid Microsoft activity
Compound Planning Increases Microsoft Stake as CEO Judson Althoff Reduces His Holding
Key Points
Microsoft CEO Judson Althoff sold 15,500 shares on June 1 at an average price of $460.99, for total proceeds of $7,145,345.00; after the sale, he owned 110,477 shares (about a 12.30% decrease in his stake).
Compound Planning disclosed that Microsoft makes up about 1.7% of its portfolio and is its 10th largest holding; the article also notes that institutional investors and hedge funds own 71.13% of Microsoft’s stock.
For iShares National Muni Bond ETF (MUB), the article reports market data: it opened at $107.33 on Friday, with a 50-day moving average of $106.90 and a 200-day moving average of $107.17; the one-year range was $103.14 to $109.00.
In trimming iShares 20+ Year Treasury Bond ETF (TLT), Compound Planning reduced its shares to 67,841 after selling 24,452 shares during the quarter; the end-of-quarter value was $5,913,000.
HSBC coverage referenced in the filings included analyst actions: Goldman Sachs started coverage on HSBC on March 26 with a “buy” rating, while Weiss Ratings cut HSBC from “hold (c+)” to “hold (c)” on May 6.
Compound Planning Inc. boosted its Microsoft stake by 9.4% in the fourth quarter, adding 10,582 shares to bring its total to 123,045 shares worth about $59.5 million, according to Watchlist News. The move comes as Microsoft Commercial CEO Judson Althoff sold 15,500 shares on June 1 at $460.99 each, pocketing $7.1 million and cutting his personal stake by about 12%.
The contrasting moves — one firm buying in while an insider cashes out — reflect a broader split in how investors see Microsoft right now. Institutional investors own 71.13% of Microsoft's stock, meaning big block trades increasingly drive the price.
Compound Planning Bets Big on Microsoft and Global Equities
Compound Planning, a digital wealth manager that crossed $5 billion in assets under management in April 2026, made Microsoft its 10th largest holding at 1.7% of its portfolio. The firm also lifted its stake in the iShares International Equity Factor ETF (INTF) by 2.3%, reaching 2,005,671 shares worth roughly $75.7 million. That is its largest single position by dollar value.
The firm also raised its HSBC position by 8.9% to 74,634 shares, worth about $5.9 million. CEO Alex Farman-Farmaian has said the firm is leaning into "AI-powered actionable intelligence" to guide client portfolios. The Microsoft and HSBC additions fit that theme of picking quality names with global reach.
Althoff Sells $7 Million in Shares After Promotion
Judson Althoff was promoted to lead Microsoft's commercial business in October 2025, giving him oversight of sales, marketing, and operations. Then on June 1, 2026, he sold 15,500 shares at $460.99 each. He kept 110,477 shares after the sale, a 12.3% drop in his direct ownership, according to SEC Form 4 filings.
Althoff has spoken publicly about AI as the key driver of Microsoft's future. "AI alone will not change your business," he said recently. "The system running it will." Analysts at Simply Wall St noted that because the sale happened above Microsoft's trailing price, it may reflect personal diversification rather than a loss of confidence in the stock.
Compound Planning Dumps Long Bonds, Shifts to Munis
While adding equities, Compound Planning cut its position in the iShares 20+ Year Treasury Bond ETF (TLT) by 26.5%, selling 24,452 shares. It kept 67,841 shares, worth about $5.9 million. Long-term Treasuries have struggled as inflation stayed sticky and long-term yields rose, making holding TLT costly.
At the same time, the firm added 8,365 shares of the iShares National Muni Bond ETF (MUB), a 16.2% increase to 60,117 shares worth about $6.4 million. Municipal bonds pay tax-exempt income, making them attractive for high-net-worth clients. MUB traded in a one-year range of $103.14 to $109.00, with a 50-day moving average of $106.90, according to Watchlist News.
HSBC Split: Goldman Buys In, Weiss Ratings Cuts Score
Compound Planning's HSBC bet landed in choppy waters. Goldman Sachs started coverage of HSBC on March 26 with a "buy" rating, calling it a "global liquidity engine" with a near-unique combination of a scaled deposit base and steady growth. The bank was also targeting a 17% return on equity for 2026.
But HSBC shares dropped 6% in early May after the bank revealed a $400 million loss tied to the collapse of UK lender MFS. Weiss Ratings cut HSBC from "hold (C+)" to "hold (C)" on May 6 in response. That left investors like Compound Planning sitting on a position caught between bullish big-bank analysts and a fresh credit scare.
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