A number of large fund companies reduced their holdings of Microsoft during the second quarter, according to LionShares.com, a website that provides data on companies' stock holdings. Fidelity Investments of Boston sold 66 million shares, leaving it 119 million. This was the largest position change in Microsoft in the second quarter.

American Century Investment of Kansas City, Mo. cut its shares by 19.7 million, to 21.8 million. The third largest cut was by Janus Capital Corp. of Denver. It dropped 18.1 million shares, reducing its holdings to 20.6 million. AIM Management Group and Deutsche Bank/ BT Asset Management each cut approximately 13 million shares of the stock.

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