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Clifton Group Investment Management Co
> MSFT
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2012 | MICROSOFT CORP | MSFT | 3,000 | -97,800 | 80,000 | -2,920,000 | $26.67 |
| 09/30/2012 | MICROSOFT CORP | MSFT | 100,800 | 62,200 | 3,000,000 | 1,820,000 | $29.76 |
| 06/30/2012 | MICROSOFT CORP | MSFT | 38,600 | 17,300 | 1,180,000 | 493,000 | $30.57 |
| 03/31/2012 | MICROSOFT CORP | MSFT | 21,300 | 19,600 | 687,000 | 645,000 | $32.25 |
| 09/30/2011 | MICROSOFT CORP | MSFT | 1,700 | 700 | 42,000 | 16,000 | $24.71 |
| 06/30/2011 | MICROSOFT CORP | MSFT | 1,000 | -700 | 26,000 | -17,000 | $26.00 |
| 03/31/2011 | MICROSOFT CORP | MSFT | 1,700 | 0 | 43,000 | -4,000 | $25.29 |
| 12/31/2010 | MICROSOFT CORP | MSFT | 1,700 | -600 | 47,000 | -9,000 | $27.65 |
| 09/30/2010 | MICROSOFT CORP | MSFT | 2,300 | -100 | 56,000 | 1,000 | $24.35 |
| 06/30/2010 | MICROSOFT CORP | MSFT | 2,400 | -2,400 | 55,000 | -85,000 | $22.92 |
| 03/31/2010 | MICROSOFT CORP | MSFT | 4,800 | 2,400 | 140,000 | 67,000 | $29.17 |
| 12/31/2009 | MICROSOFT CORP | MSFT | 2,400 | 0 | 73,000 | 11,000 | $30.42 |
| 09/30/2009 | MICROSOFT CORP | MSFT | 2,400 | 0 | 62,000 | 5,000 | $25.83 |
| 06/30/2009 | MICROSOFT CORP | MSFT | 2,400 | 0 | 57,000 | 13,000 | $23.75 |
| 03/31/2009 | MICROSOFT CORP | MSFT | 2,400 | 800 | 44,000 | 13,000 | $18.33 |
| 12/31/2008 | MICROSOFT CORP | MSFT | 1,600 | 1,600 | 31,000 | 31,000 | $19.38 |
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