11-K
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 11-K

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2023

OR

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From      to     

 

 

Commission File Number 001-37845

 

A.

Full title of the plan and the address of the plan, if different from that of the issuer named below:

MICROSOFT CORPORATION SAVINGS PLUS 401(k) PLAN

 

B.

Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Microsoft Corporation

One Microsoft Way

Redmond, Washington 98052-6399

REQUIRED INFORMATION

The Microsoft Corporation Savings Plus 401(k) Plan (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the required information outlined as Items 1-3 of the Form 11-K, the statements of net assets available for benefits as of December 31, 2023 and 2022 and the related statement of changes in net assets available for benefits for the year ended December 31, 2023, which have been prepared in accordance with the financial reporting requirements of ERISA, are attached hereto as Appendix 1 and incorporated herein by this reference.

 

 


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SIGNATURES

The Plan.  Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Microsoft Corporation Savings Plus 401(k) Plan

Date: June 25, 2024

 

     

 

/s/ DANIEL GOFF

    Daniel Goff
    Member of 401(k) Administrative Committee

Date: June 25, 2024

   

/s/ ANITA MEHRA

    Anita Mehra
    Member of 401(k) Administrative Committee

Date: June 25, 2024

   

/s/ FRED THIELE

    Fred Thiele
    Member of 401(k) Administrative Committee


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APPENDIX 1

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM;

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND 2022 AND FOR THE YEAR ENDED DECEMBER 31, 2023;

NOTES TO FINANCIAL STATEMENTS; AND

SUPPLEMENTAL SCHEDULES AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023


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MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

TABLE OF CONTENTS

 

 

 

     Page  

Report of Independent Registered Public Accounting Firm

     1  

Financial Statements:

  

Statements of Net Assets Available for Benefits as of December  31, 2023 and 2022

     2  

Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2023

     3  

Notes to Financial Statements

     4  

Supplemental Schedules:

  

Supplemental Schedule of Assets (Held at End of Year) as of December 31, 2023

     11  

Supplemental Schedule of Delinquent Participant Contributions for the Year Ended December 31, 2023

     66  

Exhibit:

  

Consent of Independent Registered Public Accounting Firm

  

 

NOTE:

All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.


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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Plan Participants and Plan Administrator of the Microsoft Corporation Savings Plus 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the Microsoft Corporation Savings Plus 401(k) Plan (the “Plan”) as of December 31, 2023 and 2022, the related statement of changes in net assets available for benefits for the year ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Report on Supplemental Schedules

The supplemental schedules of assets (held at end of year) as of December 31, 2023 and delinquent participant contributions for the year ended December 31, 2023 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in compliance with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, such schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Deloitte & Touche LLP

Seattle, Washington

June 25, 2024

We have served as the auditor of the Plan since 1987.

 

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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

 

 

 

December 31,    2023      2022  

ASSETS

     

Cash

   $ 9,294,980      $ 8,857,659  

Investments, at fair value

     52,943,036,579        39,323,107,029  

Receivables:

     

Participant loans

     236,839,722        219,986,462  

Other receivables

     36,682,148        50,716,489  

 

    

 

 

 

Total receivables

     273,521,870        270,702,951  

 

    

 

 

 

Total assets

     53,225,853,429        39,602,667,639  

LIABILITIES

     

Operating payables

     6,741,548        5,691,889  

Other payables

     12,185,093        10,919,183  

 

    

 

 

 

Total liabilities

     18,926,641        16,611,072  

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $   53,206,926,788      $   39,586,056,567  
  

 

 

    

 

 

 

Refer to accompanying notes.

 

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STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

 

 

 

Year Ended December 31,    2023  

ADDITIONS

  

Net investment income:

  

Interest and dividends

   $ 304,011,436  

Net increase in fair value of investments

     10,600,843,971  

 

 

Net investment income

     10,904,855,407  
  

 

 

 

Contributions:

  

Participant contributions

     2,799,228,001  

Rollover contributions

     279,873,562  

Employer contributions

     1,104,421,787  

 

 

Total contributions

     4,183,523,350  

 

 

   Total additions

     15,088,378,757  

DEDUCTIONS

  

Benefits paid to participants

     2,187,075,298  

 

 

NET INCREASE IN NET ASSETS BEFORE TRANSFERS

     12,901,303,459  

Transfers in

     719,566,762  

 

 

NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS

     13,620,870,221  

NET ASSETS AVAILABLE FOR BENEFITS

  

Beginning of year

     39,586,056,567  

 

 

End of year

   $  53,206,926,788  
  

 

 

 

Refer to accompanying notes.

 

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NOTES TO FINANCIAL STATEMENTS

 

 

NOTE 1 — DESCRIPTION OF THE PLAN AND ACCOUNTING POLICIES

Plan Description

The Microsoft Corporation Savings Plus 401(k) Plan (the “Plan”), a defined contribution plan, is sponsored by Microsoft Corporation (the “Company” or “Microsoft”). Participating employers included in the Plan are Microsoft Corporation; MOL Corporation; Vexcel Corporation; Microsoft Online, Inc.; Undead Labs; LinkedIn Corporation; GitHub, Inc.; inXile Entertainment, Inc. (“inXile”); Double Fine Productions (“Double Fine”) (effective December 8, 2022); Obsidian Entertainment, Inc. (“Obsidian”) (effective January 1, 2024); and ZeniMax Media Inc. (“ZeniMax”) (effective March 20, 2024). These entities represent Microsoft or wholly owned subsidiaries of Microsoft. The Plan year is January 1 through December 31. The Plan is administered by the 401(k) Administrative Committee (the “Plan Administrator”) and subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Fidelity Management Trust Company (“Fidelity”) is the trustee and third-party administrator for the Plan. The information below summarizes certain aspects of the Plan as in effect during 2023, and is intended to be a summary only. Plan participants should refer to the Summary Plan Description for more complete information.

Accounting Principles

The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Eligibility

Regular and retail services employees of participating employers who are on U.S. payroll and have reached age 18 may enroll in the Plan at any time.

Eligible Compensation

Eligible compensation includes wages, salary, bonuses, commissions, and overtime. Compensation does not include, for example, items such as amounts earned with respect to any equity-based compensation plan, program, grant, award, or benefit, reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, deferred compensation, welfare plan benefits including health or life insurance, severance plan payments, unused accrued vacation payments, or bonuses or expense allowances which are not based upon performance as an employee.

Contributions

Participant Contributions

Participants may contribute to the Plan on a pre-tax and/or Roth basis using eligible compensation each pay period, subject to statutory and regulatory limitations. Participants reaching age 50 or older by the end of the Plan year may also make additional catch-up contributions to the Plan on a pre-tax and/or Roth basis. During 2023, the maximum annual 401(k) pre-tax and Roth contribution limit was $22,500, and the maximum annual catch-up contribution to the Plan was $7,500. Additionally, participants could contribute up to $32,250 for 2023 on an after-tax basis. A participant’s aggregate contribution election (combined pre-tax, Roth, pre-tax catch-up, Roth catch-up, and after-tax) may not exceed 65 percent of his or her eligible compensation per pay period. Participants may elect to suspend or reinstate their contributions at any time. The Plan is required to return contributions received during the Plan year in excess of such limits.

Participants may also choose to make rollover contributions to the Plan of amounts received from an eligible employer plan maintained by another company, including direct rollovers from such plans. Participants may also make rollover contributions to the plan from an individual retirement account (“IRA”) or annuity described in Internal Revenue Code (“IRC”) Section 408(a), 408(b), 408(k), or 408(p) that is eligible to be rolled over and would otherwise be includible in gross income.

Participant contributions are recorded when withheld.

 

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Employer Contributions

The Company and all other participating employers excluding inXile and Double Fine provide participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.50 for every $1.00 contributed. For inXile and Double Fine, the participating employer provides participants with a matching contribution on eligible pre-tax and/or Roth contributions of $0.25 for every $1.00 contributed. The matching contribution is provided for up to 50 percent, or 25 percent for inXile and Double Fine, of the maximum annual 401(k) pre-tax and Roth Internal Revenue Service (“IRS”) contribution limit (not including catch-up contributions). Participants do not receive a match on after-tax contributions.

Employer matching contributions are recorded when participant contributions are withheld.

Transfers

Obsidian was acquired by the Company in 2019 and the Obsidian Entertainment 401(k) Plan assets in the amount of $39,817,653 merged into the Plan in December 2023. Nuance Communications, Inc. was acquired by the Company in 2022 and the Nuance Communications, Inc. 401(k) Plan assets in the amount of $679,749,109 merged into the Plan in September 2023. The merged amounts are included as transfers in on the statement of changes in net assets available for benefits for the year ended December 31, 2023.

Employee Stock Ownership Plan Feature

The Plan includes an Employee Stock Ownership Plan (“ESOP”) feature for the portion of the Plan designed to invest primarily in Microsoft Common Stock. The ESOP feature allows participants to either reinvest their cash dividends earned on Microsoft Common Stock or receive those dividends in cash. Amounts invested in Microsoft Common Stock are treated as being held through the ESOP, provided that at the time such amounts were received by the Plan (e.g., through contributions or transfers), the participants whose Plan accounts received such assets were employed by Microsoft or a corporation that is part of the same controlled group of corporations as Microsoft.

Participants who are not employed by an employer established as a corporation that is part of the same controlled group of corporations as Microsoft may not participate in the ESOP, but may have their Plan accounts invested in Microsoft Common Stock to the same extent as other participants. However, such participants that are not eligible to participate in the ESOP feature are not eligible to receive dividends on Microsoft Common Stock in cash paid directly to them. Instead, dividends paid on amounts they have invested in Microsoft Common Stock will automatically be reinvested in Microsoft Common Stock.

Effective January 1, 2016, the investment of new contributions or transfer of existing account holdings into Microsoft Common Stock within the Plan was discontinued. Participant accounts with existing Microsoft Common Stock can retain those holdings, and dividends on Microsoft Common Stock can continue to be reinvested or received in cash.

Participant Accounts

Each participant’s account is credited with (a) participant contributions and employer contributions, and (b) the allocation of investment earnings, gains and losses, and expenses, based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. All amounts in participant accounts are participant-directed. Participants may invest in various instruments including mutual funds, common collective trusts, and separately managed accounts. Participants also have the option to direct their investments through a brokerage account.

Vesting

Participants are fully vested in Plan accounts at all times.

Distributions

Active participants may take a withdrawal from the Plan in the event of a financial hardship. A hardship withdrawal is limited to the amount necessary to meet the participant’s immediate financial need. Hardship withdrawals are further limited to contributions, and earnings thereon, to participants’ pre-tax, pre-tax catch-up, Roth, and Roth catch-up accounts.

 

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Active participants may also generally take a withdrawal at any time from their rollover and after-tax accounts within the Plan. After reaching age 5912, active participants may withdraw all, or any portion, of the balance in their accounts. Distributions, in full or any portion, may also occur if the participant terminates employment, retires, becomes permanently disabled, or dies. Distributions of investments in Microsoft Common Stock may be taken in the form of Microsoft Common Stock or cash. Distributions may be made in installments.

Participants may also withdraw all, or any portion, of their pre-tax and Roth contributions during a leave of absence to perform qualified military service of at least 30 days, subject to a six-month suspension on future non-rollover contributions to the Plan, or if they elect a qualified reservist distribution. The distribution generally must be made in a single lump sum cash payment, except that distributions of investments in Microsoft Common Stock may be taken in the form of Microsoft Common Stock or cash.

In-Plan Roth Conversions

Active and terminated participants may convert any Plan balances (other than outstanding loans) to a Roth account within the Plan.

Administrative Expenses

Plan administrative expenses are paid by the Company to the extent not paid or offset by the Plan. Participants are responsible for fees associated with certain transactions or services they utilize, such as loan originations and maintenance, domestic relations order qualifications, dividend check processing, overnight check fees, and professional management service fees. Participants also pay commission charges to Fidelity for buying and selling Microsoft Common Stock within the Plan.

Plan Amendment and Termination

The Company has the right to amend or terminate the Plan. If the Plan is terminated, all account balances will be distributed in the form and manner determined by the Plan Administrator.

Risks and Uncertainties

The Plan utilizes various investment instruments, including common stock, mutual funds, common collective trusts, and separately managed accounts. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, including systemic market disruptions and geopolitical events, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties. The Plan has no contingent assets or liabilities for any periods presented in these financial statements.

Valuation of Investments and Income (Loss) Recognition

Investments are recorded at fair value. Security transactions are accounted for as of the trade date. Dividend income is recorded on the ex-dividend date, and interest income is recorded as earned. Net increase (decrease) in fair value of investments includes the Plan’s gains and losses on investments bought, sold, and held during the year.

Participant Loans

Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest, and participant loans deemed distributed due to default are included in benefits paid to participants on the statement of changes in net assets available for benefits.

 

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Receivables and Payables

As of December 31, 2023 and 2022, operating payables primarily consisted of accrued investment management expenses for the separately managed accounts. Other receivables and payables primarily consisted of unsettled trades. Other receivables also included accrued interest.

NOTE 2 — FINANCIAL INSTRUMENTS

The Plan accounts for certain assets and liabilities at fair value. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Plan categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

 

   

Level 1—inputs are based upon unadjusted quoted prices for identical instruments in active markets. The Plan’s Level 1 non-derivative investments primarily include domestic and international equities, mutual funds, and U.S. government securities. The Plan’s Level 1 derivative assets include those actively traded on exchanges.

 

   

Level 2—inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including interest rate curves, credit spreads, foreign exchange rates, and forward and spot prices for currencies and commodities. The Plan’s Level 2 non-derivative investments consist primarily of mutual funds in the Plan’s separately managed accounts. These mutual funds are registered under the Investment Company Act of 1940 but are not registered under the Securities Act of 1933 and the prices are made available directly from the investment manager. The Plan’s Level 2 derivative assets and liabilities primarily include certain over-the-counter option and currency contracts.

 

   

Level 3—inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. As of December 31, 2023 and 2022, the Plan did not hold any financial instruments categorized as Level 3.

Mutual funds are valued at the closing price as reported by the fund. Common stocks are valued at the closing price reported on the active markets on which the individual securities are traded. Brokerage account holdings include a variety of common stocks and mutual funds.

Common collective trusts are valued using the Net Asset Value (“NAV”) as a practical expedient and are not categorized in the fair value hierarchy. NAV is provided by the fund’s issuer and is based on the fair value of the underlying investments held by the fund less its liabilities. In the event the Plan were to initiate a full redemption of a common collective trust, the fund’s issuer reserves the right to temporarily delay withdrawal from the common collective trust in order to ensure that securities liquidations will be carried out in an orderly business manner. The common collective trusts have no unfunded commitments, other redemption restrictions, or redemption notice periods. The underlying portfolios of the common collective trusts are comprised of a mix of stocks, bonds, commodities, and cash.

Two of the common collective trusts, the State Street Short Term Investment Fund (“Fid Bank Trust St Inv Fund”) and the State Street Government Short Term Investment Fund (“SSBK Govt STIF Fund”), do not file as direct filing entities with the Department of Labor. The investment strategy of both of these funds is to provide safety of principal, daily liquidity, and a competitive yield over the long term. The Fid Bank Trust St Inv Fund invests primarily in short-term instruments such as certificates of deposit and commercial paper. The SSBK Govt STIF Fund invests primarily in repurchase agreements and U.S. Treasury obligations.

 

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Financial Instruments Measured at Fair Value

 

December 31, 2023    Level 1      Level 2      Total  

 

 

Mutual funds

   $ 7,148,750,361      $ 0      $ 7,148,750,361  

Microsoft Common Stock

     4,854,442,186        0        4,854,442,186  

Separately managed accounts:

        

Publicly-traded stock

     5,229,415,403        0        5,229,415,403  

Mutual funds

     0        1,458,233,152        1,458,233,152  

Other

     0        43,278,856        43,278,856  

Brokerage accounts

     3,498,485,644        104,141,518        3,602,627,162  

 

    

 

 

    

 

 

 

Total

   $  20,731,093,594      $  1,605,653,526        22,336,747,120  

Common collective trusts measured at NAV

           30,188,379,133  

Separately managed accounts:

        

Common collective trusts measured at NAV

           417,910,326  
        

 

 

 

Total Investments

         $  52,943,036,579  
        

 

 

 
December 31, 2022    Level 1      Level 2      Total  

 

 

Mutual funds

   $ 790,021,607      $ 0      $ 790,021,607  

Microsoft Common Stock

     3,272,302,023        0        3,272,302,023  

Separately managed accounts:

        

Publicly-traded stock

     4,221,176,485        0        4,221,176,485  

Mutual funds

     0        1,220,772,677        1,220,772,677  

Other

     0        58,612,749        58,612,749  

Brokerage accounts

     2,395,711,773        56,959,708        2,452,671,481  

 

    

 

 

    

 

 

 

Total

   $ 10,679,211,888      $ 1,336,345,134        12,015,557,022  

Common collective trusts measured at NAV

           26,885,468,752  

Separately managed accounts:

        

Common collective trusts measured at NAV

           422,081,255  
        

 

 

 

Total Investments

         $ 39,323,107,029  
        

 

 

 

NOTE 3 — DERIVATIVES

Investment managers acting under the Plan use derivative instruments to manage risks related to foreign currencies and interest rates, to enhance investment returns for the Plan, and to facilitate Plan portfolio diversification. The Plan’s derivatives consisted of over-the-counter foreign exchange forward contracts and exchange-traded futures contracts, as well as put and call options, for which no hedge accounting treatment is applied. The related notional amounts, gross fair values, and amounts recognized in earnings were immaterial as of December 31, 2023 and 2022 and for the year ended December 31, 2023. These derivative instruments are primarily a component of the “Other” caption of separately managed accounts in Note 2 – Financial Instruments.

NOTE 4 — PARTICIPANT LOANS

Participant loans are available in $100 increments ranging from $1,000 to $50,000. The maximum loan amount is the lesser of (a) 50 percent of the vested account balance, reduced by the current outstanding balance of all other loans from the Plan; or (b) $50,000, reduced by: (1) the current outstanding balance of all other loans from the Plan, and (2) the excess (if any) of all Plan loans during the previous 12 months over the current outstanding balance of Plan loans. When determining the maximum loan amount available under the Plan, outstanding loan balances under any subsidiary and affiliate Microsoft retirement plans are considered in conjunction with the Plan. Participants are limited to two loans – one Primary Residence Loan and one General Loan. The term of a Primary Residence Loan may not exceed 15 years (or 30 years for certain acquired legacy loans) or be less than 12 months. The term of a General Loan may not exceed five years (or 15 years for certain acquired legacy loans) or be less than 12 months.

 

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The interest rate for participant loans is one percent plus the prime rate on corporate loans. The range of interest rates for outstanding Primary Residence Loans as of December 31, 2023 was 3.25 percent to 10.00 percent, maturing at various dates through October 2046. The range of interest rates for outstanding General Loans as of December 31, 2023 was 4.25 percent to 9.50 percent, maturing at various dates through January 2029.

Loan repayments are made through after-tax payroll deductions. Terminated employees generally have 60 days to elect to continue to make loan repayments or pay off the loan in full. Failure of the terminated employee to set up monthly electronic loan payments or pay off the loan in full during this 60-day window generally results in a default of the loan, which is taxable income to the participant, with a possible 10 percent early withdrawal penalty. Terminated employees who roll over their Plan account balance to an IRA, Roth IRA, or other employer plan during this 60-day window may avoid such taxable income and 10 percent early withdrawal penalty if they pay off the outstanding loan balance to the rollover recipient IRA custodian or employer plan by the due date (including extensions) for filing their federal income tax return for the year in which the rollover occurred.

NOTE 5 — TAX STATUS

The IRS has determined and informed the Plan, by a letter dated October 7, 2022, that the Plan is qualified as a tax-exempt plan under the appropriate sections of the IRC. The determination letter covered Plan amendments adopted from December 19, 2013 through December 15, 2021, and the trust agreement with Fidelity adopted on July 19, 2013. The Plan has been amended since the last date that was covered by the determination letter; however, the Plan Administrator believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC. Therefore, the Plan is tax-exempt as of the financial statement date and no provision for income taxes has been recorded in the financial statements.

NOTE 6 — PARTY-IN-INTEREST TRANSACTIONS

Exempt Party-In-Interest Transactions

Plan investments include common collective trusts that are managed by affiliates of Fidelity; therefore, these transactions qualify as party-in-interest transactions. Fees paid for investment management services were included as a reduction of the return earned on each fund.

Transactions in Microsoft Common Stock also qualify as party-in-interest transactions. As of December 31, 2023 and 2022, the Plan held 12,909,377 shares of Microsoft Common Stock valued at $4,854,442,186 and 13,644,825 shares of Microsoft Common Stock valued at $3,272,302,023, respectively. During the year ended December 31, 2023, the Plan recorded Microsoft Common Stock dividend income of $37,025,454.

Participant loans, which are secured by the vested balances in the participants’ accounts, also qualify as party-in-interest transactions.

Nonexempt Party-In-Interest Transactions

There were two instances in 2022 when the Plan, due to administrative errors, remitted some participants’ contributions to Fidelity later than required under Department of Labor Regulation Sec. 2510.3-102. Both late remittances were promptly discovered, funded, and self-corrected, and were timely reported on IRS Form 5330, with payment of applicable excise taxes. The impacted participant accounts were credited by an amount representing investment income that would have been earned had the participant contributions been remitted on a timely basis. The aggregate amount of late contributions in 2022 totaled $209,867, of which $173,583 were remediated in 2022 and $36,284 were remediated in 2023, resulting in credits to participant accounts of $27 in 2023. There were no late contributions in 2023.

 

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NOTE 7 — RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the financial statements to net assets per the Form 5500:

 

December 31,    2023     2022  

Net assets available for benefits per the financial statements

   $ 53,206,926,788     $ 39,586,056,567  

Benefits payable

     (3,981,977     (1,357,055

 

   

 

 

 

Net assets per the Form 5500

   $  53,202,944,811     $  39,584,699,512  
  

 

 

   

 

 

 

The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500:

 

Year Ended December 31,    2023  

Benefits paid to participants per the financial statements

   $ 2,187,075,298  

Increase in benefits payable at year end

     2,624,922  

 

 

Benefits paid to participants per the Form 5500

   $  2,189,700,220  
  

 

 

 

Benefits payable are recorded on the Form 5500 for payments to participants who requested and were approved payment by December 31, but had not been paid as of that date.

NOTE 8 — SUBSEQUENT EVENTS

ZeniMax was acquired by the Company in 2021 and the ZeniMax 401(k) Savings Plan assets were merged into the Plan in March 2024. The total amount of assets transferred into the Plan due to this merger was $234,001,569. ZeniMax became a participating employer in the Plan effective March 20, 2024.

 

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MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

 

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

BROKERAGE ACCOUNTS

        

 

        

BrokerageLink *

     3,602,627,162                 $  3,602,627,162  

COMMON COLLECTIVE TRUSTS

        

 

        

BlackRock LifePath Index 2025 Unitized Account M

     16,508,228           179,170,402  

BlackRock LifePath Index 2030 Unitized Account M

     174,865,256           1,928,396,559  

BlackRock LifePath Index 2035 Unitized Account M

     47,692,400           533,615,954  

BlackRock LifePath Index 2040 Unitized Account M

     328,817,973           3,731,163,303  

BlackRock LifePath Index 2045 Unitized Account M

     74,613,234           857,604,507  

BlackRock LifePath Index 2050 Unitized Account M

     357,757,058           4,145,724,560  

BlackRock LifePath Index 2055 Unitized Account M

     92,515,691           1,074,606,754  

BlackRock LifePath Index 2060 Unitized Account M

     131,625,576           1,529,081,153  

BlackRock LifePath Index 2065 Unitized Account M

     24,641,872           286,375,521  

BlackRock LifePath Index Retirement Unitized Account M

     52,843,414           570,465,791  

BlackRock Short-term Investment Fund

     999,345,283           999,345,283  

Fidelity Contrafund Pool Class S **

     97,593,873           3,301,600,740  

Fidelity Growth Company Pool Class S **

     100,764,181           5,220,592,236  

PIMCO Inflation Response CIT Class I

     9,665,289           96,942,846  

Vanguard Russell 1000 Growth Index Trust

     7,102,720           2,601,229,324  

Vanguard Russell 1000 Value Index Trust

     8,027,613           1,774,263,122  

Vanguard Russell 2000 Growth Index Trust

     6,555,025           1,358,201,078  

EMPLOYER STOCK

        

 

        

Microsoft Common Stock **

     12,909,377           4,854,442,186  

MUTUAL FUNDS

        

 

        

PIMCO All Asset All Authority Fund Institutional Class

     4,363,235           28,317,398  

Vanguard 500 Index Institutional Select Shares

     27,664,308           6,451,869,820  

Vanguard Short-Term Bond Index Fund Institutional Plus Shares

     66,194,371           668,563,143  

SEPARATELY MANAGED ACCOUNTS

        

 

        

Artisan Mid Cap Account

        

Currency

        

 DANISH KRONE

     1,691           250  

 EURO MONETARY UNIT.

     328           363  

 SWISS FRANC

     0           1  

Publicly-traded Common Stock

        

 ARGENX SE SPONSORED ADR

     148,474           56,483,964  

 

11


Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

ARISTA NETWORKS INC

     138,170                       32,540,417  

ARTHUR J GALLAGHAR AND CO

     125,122           28,137,435  

ASCENDIS PHARMA AS SPON ADR

     436,042           54,919,490  

ATLASSIAN CORP PLC CLS A

     322,488           76,706,996  

BENTLEY SYS INC CL B

     513,622           26,800,796  

BJS WHSL CLUB HLDGS INC

     220,781           14,717,261  

CELSIUS HOLDINGS INC

     271,990           14,828,895  

CERIDIAN HCM HLDG INC

     447,545           30,039,220  

CHIPOTLE MEXICAN GRILL INC

     31,602           72,272,510  

COSTAR GROUP INC

     315,138           27,539,910  

DATADOG INC CL A

     215,858           26,200,844  

DECKERS OUTDOOR CORP

     22,521           15,053,712  

DEXCOM INC

     445,692           55,305,920  

DOMINOS PIZZA INC

     42,445           17,497,102  

EQUIFAX INC

     68,731           16,996,489  

ETSY INC

     175,999           14,264,719  

EXACT SCIENCES CORP

     488,030           36,104,459  

FIVE BELOW INC

     126,052           26,869,244  

FORTIVE CORP

     474,130           34,910,192  

GERRESHEIMER AG

     274,961           28,639,300  

GLOBAL PAYMENTS INC

     239,797           30,454,219  

HALOZYME THERAPEUTICS INC

     320,647           11,273,280  

HUBBELL INC

     71,758           23,603,359  

HUBSPOT INC

     90,948           52,798,952  

INGERSOLL RAND INC

     696,107           53,836,915  

IRHYTHM TECHNOLOGIES INC

     206,666           22,121,529  

JABIL INC

     196,261           25,003,651  

KEYSIGHT TECHNOLOGIES INC

     102,793           16,353,338  

LATTICE SEMICONDUCTOR CORP

     924,886           63,807,885  

LIBERTY MEDIA CORP LIBERTY FORMULA ONE CL C

     197,527           12,469,880  

LIVE NATION ENTERTAINMENT INC

     297,059           27,804,722  

LULULEMON ATHLETICA INC

     40,129           20,517,556  

MARKETAXESS HLDGS INC

     35,697           10,453,866  

MONOLITHIC POWER SYS INC

     68,858           43,434,249  

MSCI INC

     34,296           19,399,532  

NU HOLDINGS LTD/CAYMAN ISLANDS

     1,343,679           11,192,846  

NVR INC

     1,963           13,741,883  

ON SEMICONDUCTOR CORP

     429,699           35,892,757  

POOL CORP

     42,573           16,974,281  

QUANTA SVCS INC

     142,670           30,788,186  

 

12


Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

REPLIGEN

     162,751                       29,262,630  

ROBLOX CORP

     508,937           23,268,600  

ROCKWELL AUTOMATION INC

     32,412           10,063,278  

RYAN SPECIALTY HOLDINGS INC

     289,250           12,443,535  

SAIA INC

     87,175           38,201,829  

SHOCKWAVE MEDICAL INC

     125,053           23,830,100  

SHOPIFY INC CL A

     438,649           34,170,757  

SPOTIFY TECHNOLOGY SA

     181,262           34,060,942  

SYNOPSYS INC

     89,755           46,215,747  

TAKE-TWO INTERACTV SOFTWR INC

     111,391           17,928,381  

TRADEWEB MARKETS INC A

     351,791           31,970,766  

TREX CO INC

     410,970           34,024,206  

TWIST BIOSCIENCE CORP

     245,262           9,040,357  

TYLER TECHNOLOGIES INC

     91,150           38,111,638  

VEEVA SYS INC CL A

     270,549           52,086,093  

VERISK ANALYTICS INC

     89,869           21,466,109  

WESCO INTERNATIONAL INC

     104,480           18,166,982  

WEST PHARMACEUTICAL SVCS INC

     154,447           54,383,878  

WINGSTOP INC

     58,191           14,930,647  

XYLEM INC

     81,532           10,298,690  

ZSCALER INC

     94,814           21,006,990  

Common Collective Trusts

        

SSBK GOVT STIF FUND

     26,876,862           26,876,862  
        

 

 

 

Artisan Mid Cap Account Total

           1,850,561,392  

SMID Cap Value Account

        

Publicly-traded Common Stock

        

1 800 FLOWERS.COM INC CL A

     15,969           172,146  

1STDIBS.COM INC

     7,648           35,793  

23ANDME HOLDING CO CL A

     19,171           17,513  

2SEVENTY BIO INC-W/I

     1,040           4,441  

2U INC

     10,474           12,883  

3D SYSTEMS CORP DEL

     42,700           271,145  

AADI BIOSCIENCES INC

     4,977           10,054  

AAR CORP

     13,561           846,206  

AARON’S CO INC/THE

     13,431           146,129  

ABERCROMBIE & FITCH CO CL A

     22,073           1,947,280  

ABM INDUSTRIES INC

     19,840           889,427  

ABSCI CORP

     7,135           29,967  

ACACIA RESEARCH—ACACIA TECH

     2,978           11,674  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

ACADEMY SPORTS & OUTDOORS INC

     27,587                        1,820,742  

ACADIA HEALTHCARE CO INC

     5,200           404,352  

ACCO BRANDS CORP

     43,876           266,766  

ACCOLADE INC

     14,307           171,827  

ACI WORLDWIDE INC

     47,926           1,466,536  

ACME UNITED CORP

     770           33,002  

ACNB CORPORATION

     2,411           107,916  

ACUMEN PHARMACEUTICALS INC

     2,248           8,632  

ADA-ES INC

     6,360           18,953  

ADAMS RESOURCES AND ENERGY INC

     164           4,294  

ADAPTHEALTH CORP

     16,506           120,329  

ADDUS HOMECARE CORP

     7,629           708,353  

ADICET BIO INC

     13,770           26,025  

ADIENT PLC

     29,894           1,086,946  

ADT INC

     211,896           1,445,131  

ADTALEM GLOBAL EDUCATION INC

     64,763           3,817,779  

ADVANSIX INC

     12,116           362,995  

ADVANTAGE SOLUTIONS INC A

     20,838           75,434  

AERSALE CORP

     9,128           115,880  

AFFILIATED MANAGERS GRP INC

     31,986           4,843,320  

AGCO CORP

     10,499           1,274,684  

AGILITI INC

     17,677           140,002  

AGIOS PHARMACEUTICALS INC

     25,888           576,526  

AIR LEASE CORP CL A

     35,005           1,468,110  

AIR TRANSPORT SERVICES GROUP

     30,943           544,906  

AIRGAIN INC

     1,538           5,475  

ALAMO GROUP INC

     5,229           1,099,084  

ALASKA AIR GROUP INC

     35,423           1,383,977  

ALBANY INTERNATIONAL CORP CL A

     2,371           232,880  

ALCOA CORP

     49,940           1,697,960  

ALERUS FINANCIAL CORP

     5,184           116,070  

ALEXION PHARMACEUTICALS INC (CVR) RT

     65,534           1  

ALICO INC

     3,302           96,022  

ALIGHT INC CL A

     50,246           428,598  

ALLAKOS INC

     24,773           67,630  

ALLEGIANT TRAVEL CO

     5,679           469,142  

ALLIENT INC

     7,045           212,829  

ALLOGENE THERAPEUTICS INC

     9,944           31,920  

ALLY FINANCIAL INC

     44,785           1,563,892  

ALPHA & OMEGA SEMICNDTR LTD

     12,664           330,024  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

ALPHA METALLURGICAL RESOURCES INC

     4,699                        1,592,585  

ALPINE IMMUNE SCIENCES INC

     1,560           29,734  

ALTA EQUIPMENT GROUP INC

     5,214           64,497  

ALTO INGREDIENTS INC

     30,426           80,933  

ALX ONCOLOGY HOLDINGS INC

     2,568           38,238  

AMALGAMATED FINANCIAL CORP

     11,305           304,557  

A-MARK PRECIOUS METALS INC

     10,539           318,805  

AMBAC FINANCIAL GROUP INC

     18,745           308,918  

AMC NETWORKS INC CL A

     12,876           241,940  

AMEDISYS INC

     5,089           483,760  

AMERANT BANCORP INC

     10,625           261,056  

AMERESCO INC-CL A

     3,072           97,290  

AMERICAN AXLE & MFG HLDGS INC

     53,803           474,004  

AMERICAN EAGLE OUTFITTERS INC

     69,940           1,479,930  

AMERICAN EQY INVT LIFE HLD CO

     31,374           1,750,669  

AMERICAN NATL BANKSHARES INC

     4,418           215,378  

AMERICAN OUTDOOR BRANDS INC

     5,171           43,436  

AMERICAN PUBLIC EDUCATION INC

     8,461           81,649  

AMERICAN SOFTWARE INC CL A

     2,593           29,301  

AMERICAN SUPERCONDUCTOR CORP

     13,509           150,490  

AMERICAN VANGUARD CORP

     13,041           143,060  

AMERICAN WELL CORP

     25,823           38,476  

AMERICAN WOODMARK

     7,181           666,756  

AMERICAS CAR MART INC

     2,878           218,066  

AMERIS BANCORP

     24,144           1,280,839  

AMES NATIONAL CORP

     3,853           82,223  

AMKOR TECHNOLOGY INC

     87,927           2,925,331  

AMMO INC

     12,750           26,775  

AMNEAL PHARMACEUTICALS INC

     24,831           150,724  

AMPCO-PITTSBURG CORP

     4,928           13,453  

AMPLIFY ENERGY CORP NEW

     7,394           43,846  

AMTECH SYSTEMS INC

     5,802           24,368  

ANDERSONS INC

     14,607           840,487  

ANGI INC

     26,416           65,776  

ANGIODYNAMICS INC

     16,901           132,504  

ANI PHARMACEUTICALS INC

     3,997           220,395  

ANIKA THERAPEUTICS INC

     6,658           150,870  

ANTERO MIDSTREAM CORP

     26,033           326,193  

ANTERO RES CORP

     64,879           1,471,456  

ANYWHERE REAL ESTATE INC

     42,226           342,453  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

API GROUP CORP

     6,065                        209,849  

APOGEE ENTERPRISES INC

     8,944           477,699  

APPLIED OPTOELECTRONICS INC

     1,108           21,407  

ARC Document Solutions Inc

     9,809           32,174  

ARCBEST CORP

     9,122           1,096,556  

ARCH RESOURCES INC CL A

     6,065           1,006,426  

ARCHROCK INC

     59,178           911,341  

ARCOSA INC

     50,459           4,169,932  

ARCTURUS THERAPEUTICS HOLDINGS INC

     4,657           146,835  

ARCUS BIOSCIENCES INC

     2,070           39,537  

ARDMORE SHIPPING CORP

     18,086           254,832  

ARGAN INC

     6,088           284,858  

ARK RESTAURANTS CORP

     298           4,217  

ARMADA HOFFLER PROPERTIES INC

     180,837           2,236,954  

ARROW ELECTRONICS INC

     23,923           2,924,587  

ARROW FINANCIAL CORP

     6,168           172,334  

ARTIVION INC

     8,199           146,598  

ASBURY AUTOMOTIVE GROUP INC

     4,928           1,108,652  

ASCENT INDUSTRIES CO

     1,300           12,428  

ASGN INC

     1,831           176,087  

ASHLAND INC

     17,735           1,495,238  

ASPEN AEROGELS INC

     3,542           55,893  

ASPEN TECHNOLOGY INC

     66           14,530  

ASSETMARK FINANCIAL HOLDINGS INC

     7,356           220,312  

ASSOCIATED BANC CORP

     56,125           1,200,514  

ASSURED GUARANTY LTD

     23,873           1,786,417  

ASTEC INDUSTRIES INC

     10,007           372,260  

ASTRONICS CORP

     10,947           190,697  

ASTRONICS CORP CL B

     1,109           19,341  

ASURE SOFTWARE INC

     9,241           87,974  

ATHIRA PHARMA INC

     11,266           27,376  

ATLANTIC UN BANKSHARES CORP

     27,960           1,021,658  

ATLANTICUS HOLDINGS CORP

     4,059           156,962  

ATMOS ENERGY CORP

     21,486           2,490,227  

ATN INTERNATIONAL INC

     7,576           295,237  

ATYR PHARMA INC

     10,213           14,400  

AUTOLIV INC

     993           109,419  

AUTONATION INC

     2,783           417,951  

AVANOS MEDICAL INC

     20,709           464,503  

AVANTOR INC

     139,977           3,195,675  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

AVERY DENNISON CORP

     12,256                       2,477,673  

AVIAT NETWORKS INC

     3,786           123,651  

AVIDITY BIOSCIENCES

     16,385           148,284  

AVIENT CORP

     22,148           920,692  

AVNET INC

     33,787           1,702,865  

AWARE INC MASS

     2,540           4,216  

AXALTA COATING SYSTEMS LTD

     97,144           3,299,982  

AXIS CAPITAL HOLDINGS LTD

     22,113           1,224,397  

AXOS FINANCIAL INC

     19,886           1,085,776  

AXT INC

     18,540           44,496  

AZENTA INC

     11,506           749,501  

AZZ INC

     6,898           400,705  

B&G FOODS INC

     4,762           50,001  

BALLYS CORP

     7,581           105,679  

BANC OF CALIFORNIA INC

     46,212           620,627  

BANDWIDTH INC

     9,672           139,954  

BANK MARIN BANCORP

     7,018           154,536  

BANK OF NT BUTTERFIELD&SON LTD

     5,096           163,123  

BANK OZK

     39,667           1,976,607  

BANKFINANCIAL CORP

     4,728           48,509  

BANKUNITED INC

     29,414           953,896  

BANKWELL FINANCIAL GROUP INC

     2,189           66,064  

BANNER CORP

     12,574           673,463  

BAR HARBOR BANKSHARES

     6,492           190,605  

BARNES & NOBLE EDUCATION INC

     19,319           28,785  

BARNES GROUP INC

     19,348           631,325  

BASSETT FURNITURE INDS INC

     4,591           76,211  

BAYCOM CORP

     5,268           124,272  

BCB BANCORP INC

     7,256           93,240  

BEAZER HOMES USA INC

     11,994           405,277  

BEL FUSE INC NV CL B

     4,487           299,597  

BELDEN INC

     2,275           175,744  

BELLRING BRANDS INC

     13,144           728,572  

BENCHMARK ELECTRONICS INC

     15,710           434,224  

BERKSHIRE HILLS BANCORP INC

     16,757           416,076  

BERRY GLOBAL GROUP INC

     21,657           1,459,465  

BERRY PETROLEUM CORP

     29,811           209,571  

BEYOND INC

     12,635           349,863  

BGSF INC

     3,387           31,838  

BIG 5 SPORTING GOODS CORP

     6,672           42,300  

 

17


Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

BIG LOTS INC

     12,020                         93,636  

BIGLARI HLDGS INC CL A

     16           12,703  

BIGLARI HLDGS INC CL B

     790           130,295  

BIO RAD LABS CL A

     2,368           807,871  

BIOVENTUS INC

     1,608           8,474  

BJ’S RESTAURANTS INC

     9,543           343,643  

BLADE AIR MOBILITY INC

     9,771           34,492  

BLUE FOUNDRY BANCORP

     10,593           102,434  

BLUE RIDGE BANKSHARES INC

     3,934           11,920  

BLUEBIRD BIO INC

     8,723           12,038  

BLUELINX HOLDINGS INC

     4,065           460,605  

BM TECHNOLOGIES INC

     962           1,972  

BOISE CASCADE CO

     13,625           1,762,530  

BOK FINANCIAL COMMON NEW

     44,921           3,847,484  

BOOT BARN HOLDINGS INC

     1,577           121,051  

BORGWARNER INC

     108,422           3,886,929  

BOSTON OMAHA CORP

     12,245           192,614  

BOYD GAMING CORP

     70,095           4,388,648  

BRADY CORPORATION CL A

     7,706           452,265  

BREAD FINANCIAL HOLDINGS

     18,987           625,432  

BRIDGEWATER BANCSHARES INC

     9,513           128,616  

BRIGHTCOVE INC

     11,569           29,964  

BRIGHTHOUSE FINANCIAL INC

     24,718           1,308,077  

BRIGHTVIEW HOLDINGS INC

     26,064           219,459  

BRISTOW GROUP INC

     9,615           271,816  

BROADWIND INC

     6,565           18,185  

BROOKDALE SENIOR LIVING INC

     83,451           485,685  

BROOKFIELD RENEWABLE CORP

     4,779           148,988  

BROOKLINE BANCORP INC

     36,685           400,233  

BRUNSWICK CORP

     38,898           3,763,382  

BUMBLE INC CL A

     21,005           309,614  

BUSINESS FIRST BANCSHARES INC

     7,323           180,512  

BWX TECHNOLOGIES INC

     47,286           3,628,255  

BYLINE BANCORP INC

     14,598           343,929  

C & F FINANCIAL CORP

     810           55,234  

C N A FINANCIAL CORP

     344           14,555  

C T S CORP

     7,275           318,209  

C4 THERAPEUTICS INC

     8,053           45,499  

CABLE ONE INC

     325           180,892  

CACI INTERNATIONAL INC

     1,683           545,056  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

CADELER A/S-SPON ADR

     9,327                        171,617  

CADENCE BANK

     204,794           6,059,854  

CALAVO GROWERS INC

     1,939           57,026  

CALEDONIA MINING CORP

     1,072           13,078  

CALERES INC

     11,443           351,643  

CALIFORNIA RES CORP

     20,946           1,145,327  

CALLON PETROLEUM CO

     22,426           726,602  

CAL-MAINE FOODS INC

     16,159           927,365  

CAMBIUM NETWORKS CORP

     1,160           6,960  

CAMBRIDGE BANCORP

     1,621           112,497  

CAMDEN NATIONAL CORP

     5,915           222,581  

CANNAE HOLDINGS INC

     3,721           72,597  

CAPITAL BANCORP INC/MD

     3,425           82,885  

CAPITAL CITY BANK GROUP INC

     6,511           191,619  

CAPITOL FED FINL (2ND STEP CV)

     56,266           362,916  

CAPRI HOLDINGS LTD

     11,001           552,690  

CAPSTAR FINANCIAL HOLDINGS INC

     10,157           190,342  

CARDLYTICS INC

     3,687           33,957  

CAREDX INC

     5,659           67,908  

CARGURUS INC CL A

     827           19,980  

CARISMA THERAPEUTICS INC

     3,828           11,216  

CARLISLE COS INC

     12,563           3,925,058  

CARLYLE GROUP INC (THE)

     117,989           4,800,972  

CARPARTS COM INC

     11,741           37,102  

CARPENTER TECHNOLOGY CORP

     19,029           1,347,253  

CARRIAGE SERVICES INC

     2,680           67,027  

CARROLS RESTAURANT GROUP INC

     19,107           150,563  

CARS.COM INC

     18,290           346,961  

CARTER BANKSHARES INC

     9,554           143,023  

CASELLA WASTE SYS INC CL A

     46,916           4,009,441  

CASTLE BIOSCIENCES INC

     6,403           138,177  

CATALENT INC

     5,987           268,996  

CATHAY GENERAL BANCORP

     23,768           1,059,340  

CATO CORP CL A

     8,312           59,348  

CAVCO INDUSTRIES INC

     2,529           876,602  

CBIZ INC

     4,824           301,934  

CBRE GROUP INC—CL A

     17,771           1,654,302  

CECO ENVIRONMENTAL CORP

     15,768           319,775  

CENTRAL GARDEN & PET CO

     4,317           216,325  

CENTRAL GARDEN & PET CO CL A

     14,120           621,845  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

CENTRAL PACIFIC FINANCIAL CORP

     11,554                       227,383  

CENTRAL VALLEY CMNTY BANCORP

     4,797           107,213  

CENTURY ALUMINUM COMPANY

     12,560           152,478  

CENTURY CASINOS INC

     12,884           62,874  

CENTURY COMMUNITIES INC

     12,029           1,096,323  

CERENCE INC

     13,419           263,818  

CERTARA INC

     3,449           60,668  

CEVA INC

     5,774           131,128  

CHARLES RIVER LABS INTL INC

     14,006           3,311,018  

CHEFS WAREHOUSE INC

     5,866           172,636  

CHEGG INC

     22,982           261,076  

CHEMUNG FINANCIAL CORP

     1,055           52,539  

CHESAPEAKE ENERGY CORP

     8,771           729,007  

CHICAGO RIVET & MACHINE CO

     149           2,530  

CHICOS FAS INC

     9,490           71,934  

CHORD ENERGY CORP

     4,780           794,579  

CHUYS HOLDINGS INC

     6,808           260,270  

CITI TRENDS INC

     4,101           115,976  

CITIZENS & NORTHERN CORP

     6,652           149,204  

CIVEO CORP

     5,747           131,319  

CIVISTA BANCSHARES INC

     6,814           125,650  

CIVITAS RESOURCES INC

     6,437           483,583  

CLARIVATE PLC

     51,412           476,075  

CLARUS CORP

     9,989           68,874  

CLEAN ENERGY FUELS CORP

     70,596           270,383  

CLEAN HARBORS INC

     14,073           2,455,879  

CLEANSPARK INC

     35,938           396,396  

CLEARWATER PAPER CORP

     7,426           268,227  

CLEVELAND-CLIFFS INC

     87,774           1,792,345  

CLIMB GLOBAL SOLUTIONS INC

     1,029           56,420  

CNB FINANCIAL CORP PA

     9,327           210,697  

CNO FINANCIAL GROUP INC

     1,902           53,066  

CNX RESOURCES CORP

     61,595           1,231,900  

COASTAL FINANCIAL CORP/WA

     1,652           73,365  

CODEXIS INC

     5,200           15,860  

CODORUS VALLEY BANCORP INC

     2,594           66,666  

COEUR MINING INC

     117,531           383,151  

COHERENT CORP

     16,362           712,238  

COHU INC

     15,073           533,433  

COLONY BANKCORP INC

     4,016           53,413  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

COLUMBIA BANKING SYSTEMS INC

     141,960                       3,787,493  

COLUMBIA FINANCIAL INC

     4,963           95,687  

COLUMBUS MCKINNON CORP NY

     11,833           461,724  

COMERICA INC

     27,105           1,512,730  

COMMERCIAL METALS CO

     37,215           1,862,239  

COMMERCIAL VEHICLE GROUP INC

     12,135           85,066  

COMMUNITY BANK SYSTEMS INC

     8,381           436,734  

COMMUNITY HEALTH SYS INC NEW

     4,956           15,512  

COMMUNITY TRUST BANCORP INC

     7,154           313,774  

COMPASS MINERALS INTL INC

     5,056           128,018  

COMPUTER PROGRAMS & SYSTEM INC

     3,804           42,605  

COMSCORE INC

     1,765           29,476  

COMSTOCK RESOURCES INC

     69,249           612,854  

COMTECH TELECOMMUNICATIONS NEW

     11,848           99,879  

CONCENTRIX CORP

     31,272           3,071,223  

CONCRETE PUMPING HOLDINGS INC

     14,990           122,918  

CONDUENT INC

     84,834           309,644  

CONNECTONE BANCORP INC

     16,111           369,103  

CONNS INC

     8,360           37,118  

CONSOL ENERGY INC—W/I

     10,784           1,084,116  

CONSOLIDATED COMM HLDGS INC

     28,123           122,335  

CONSUMER PORTFOLIO SVCS INC

     9,102           85,286  

CONTAINER STORE GROUP INC

     21,650           49,362  

CONTEXTLOGIC INC

     235           1,398  

COOPER STANDARD HOLDING INC

     4,502           87,969  

COPA HOLDINGS SA CL A

     2,767           294,160  

CORE & MAIN INC

     86,260           3,485,767  

CORE MOLDING TECH INC

     1,116           20,679  

CORSAIR GAMING INC

     5,914           83,387  

COSTAMARE INC

     44,020           458,248  

COVENANT LOGISTICS GROUP INC

     3,894           179,280  

CPI AEROSTRUCTURES INC

     1,488           4,062  

CRESCENT ENERGY INC A

     3,606           47,635  

CROSS COUNTRY HEALTHCARE INC

     10,969           248,338  

CROSSFIRST BANKSHARES INC

     21,185           287,692  

CRYOPORT INC

     3,975           61,573  

CULLINAN ONCOLOGY INC

     9,525           97,060  

CULP INC

     2,575           14,909  

CUMULUS MEDIA INC

     7,318           38,932  

CURTISS WRIGHT CORPORATION

     25,352           5,648,172  

 

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MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

CUSHMAN & WAKEFIELD PLC

     67,096                       724,637  

CUSTOM TRUCK ONE SOURCE INC A

     2,358           14,572  

CUSTOMERS BANCORP INC

     14,625           842,693  

CVB FINANCIAL CORP

     38,152           770,289  

CYTEK BIOSCIENCES INC

     2,822           25,737  

DAILY JOURNAL CORP

     459           156,436  

DAKTRONICS INC

     20,132           170,719  

DANA INC

     58,056           848,198  

DARLING INGREDIENTS INC

     161           8,024  

DEFINITIVE HEALTHCARE CORP

     9,482           94,251  

DELEK US HOLDINGS INC

     22,307           575,521  

DELTA APPAREL INC

     2,682           19,123  

DELUXE CORP

     16,565           355,319  

DENTSPLY SIRONA INC

     57,880           2,059,949  

DESIGNER BRANDS INC

     11,915           105,448  

DESTINATION XL GROUP INC

     11,119           48,924  

DHI GROUP INC

     17,193           44,530  

DHT HOLDINGS INC

     56,761           556,825  

DIGI INTERNATIONAL INC

     12,276           319,176  

DIGITAL TURBINE INC

     17,309           118,740  

DILLARDS INC CL A

     942           380,238  

DIME COMMUNITY BANCSHARES INC

     14,415           388,196  

DIODES INC

     8,705           700,927  

DISH NETWORK CORP A

     26,995           155,761  

DISTRIBUTION SOLUTIONS GROUP INC

     262           8,269  

DMC GLOBAL INC

     5,107           96,114  

DONEGAL GROUP INC CL A

     11,922           166,789  

DORIAN LPG LTD

     16,733           734,077  

DORMAN PRODUCTS INC

     5,027           419,302  

DOUGLAS ELLIMAN INC

     23,847           70,349  

DRIL-QUIP INC

     12,211           284,150  

DT MIDSTREAM INC

     17,248           945,190  

DUCKHORN PORTFOLIO INC/THE

     26,196           258,031  

DUCOMMUN INC

     5,306           276,230  

DULUTH HOLDINGS INC CL B

     8,903           47,898  

DUN & BRADSTREET HOLDINGS IN

     31,544           369,065  

DXC TECHNOLOGY CO

     73,415           1,679,001  

DXP ENTERPRISES INC

     8,041           270,982  

DYCOM INDUSTRIES INC

     3,015           346,996  

DYNAVAX TECHNOLOGIES CORP

     5,045           70,529  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

E2OPEN PARENT HOLDINGS INC

     59,016                        259,080  

EAGLE BANCORP INC MD

     11,022           332,203  

EAGLE BANCORP MONTANA INC

     1,313           20,732  

EAGLE BULK SHIPPING INC

     6,169           341,763  

EAGLE PHARMACEUTICALS INC

     4,550           23,797  

EAST WEST BANCORP INC

     1,558           112,098  

EASTERN BANKSHARES INC

     20,038           284,540  

EASTERN CO

     1,017           22,374  

EASTGROUP PPTYS INC

     14,752           2,707,582  

EASTMAN CHEMICAL CO

     549           49,311  

EASTMAN KODAK CO

     8,054           31,411  

ECHOSTAR CORP CL A

     16,554           274,300  

ECOVYST INC

     37,729           368,612  

EDGEWELL PERSONAL CARE CO

     19,971           731,538  

EDGEWISE THERAPEUTICS INC

     3,703           40,511  

EDITAS MEDICINE INC

     13,218           133,898  

EHEALTH INC

     4,212           36,729  

EL POLLO LOCO HLDGS INC

     16,367           144,357  

ELANCO ANIMAL HEALTH INC

     105,656           1,574,274  

ELECTROMED INC

     1,965           21,438  

ELEMENT SOLUTIONS INC

     155,532           3,599,010  

EMCOR GROUP INC

     19,012           4,095,755  

EMERGENT BIOSOL

     14,144           33,946  

EMPLOYERS HOLDINGS INC

     10,277           404,914  

ENACT HOLDINGS INC

     3,633           104,957  

ENCOMPASS HEALTH CORP

     31,404           2,095,275  

ENCORE CAP GROUP INC

     10,526           534,195  

ENCORE WIRE CORPORATION

     7,327           1,565,047  

ENERSYS INC

     8,390           847,054  

ENHABIT HOME HEALTH & HOSPICE

     14,304           148,046  

ENNIS INC

     11,000           241,010  

ENOVA INTL INC

     12,085           669,026  

ENOVIS CORP

     19,946           1,117,375  

ENPRO INC

     7,544           1,182,447  

ENSTAR GROUP LTD

     4,561           1,342,530  

ENTERPRISE BANCORP INC

     1,579           50,939  

ENTERPRISE FINL SVCS CORP

     12,063           538,613  

ENTRAVISION COMMUN CRP CL A

     27,825           116,030  

ENVIRI CORP

     25,347           228,123  

ENVISTA HOLDINGS CORP

     131,098           3,154,218  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

EPLUS INC

     10,668                        851,733  

EPSILON ENERGY LTD

     5,573           28,311  

EQUITY BANCSHARES INC

     7,137           241,944  

ERASCA INC

     5,553           11,828  

ESAB CORP

     4,476           387,711  

ESCALADE

     5,292           106,316  

ESCO TECHNOLOGIES INC

     7,586           887,790  

ESPEY MFG.&ELECTRIC

     135           2,525  

ESSA BANCORP INC

     1,688           33,794  

ESSENT GROUP LTD

     25,602           1,350,249  

ETHAN ALLEN INTERIORS INC

     11,542           368,421  

EVANS BANCORP INC

     1,632           51,457  

EVOLUTION PETROLEUM CORP

     10,168           59,076  

EXPRO GROUP HOLDINGS NV

     13,281           211,434  

EZCORP INC CL A NON VTG

     24,899           217,617  

F&G ANNUITIES & LIFE INC

     646           29,716  

FABRINET

     883           168,061  

FARMER BROTHERS CO

     5,384           16,475  

FARMERS & MERCHANTS BANCO/OH

     739           18,327  

FARMERS NATL BANC CORP

     12,993           187,749  

FARO TECHNOLOGIES INC

     7,246           163,252  

FASTLY INC CL A

     10,678           190,068  

FB FINANCIAL CORP

     14,231           567,105  

FEDERAL AGRI MTG NON VTG CL C

     1,897           362,744  

FEDERAL SIGNAL CORP

     38,590           2,961,397  

FERROGLOBE PLC

     22,218           144,639  

FG GROUP HOLDINGS INC

     1,943           2,856  

FIDELITY NATIONAL FINL INC

     6,692           341,426  

FINANCIAL INSTITUTIONS INC

     7,122           151,699  

FIRST ADVANTAGE CORP

     6,205           102,817  

FIRST AMERICAN FINANCIAL CORP

     51,550           3,321,882  

FIRST BANCORP INC ME

     3,950           111,469  

FIRST BANCORP NC

     12,472           461,589  

FIRST BANCORP PUERTO RICO

     53,253           876,012  

FIRST BANCSHARES INC MISS

     7,817           229,273  

FIRST BANK/HAMILTON NJ

     6,574           96,638  

FIRST BUSEY CORP

     21,246           527,326  

FIRST BUSINESS FIN SVCS INC

     2,857           114,566  

FIRST COMMONWEALTH FINL CORP

     38,545           595,135  

FIRST COMMUNITY BANKSHARES INC

     6,930           257,103  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

FIRST FINANCIAL BANCORP

     33,783                        802,346  

FIRST FINANCIAL INDIANA

     5,047           217,172  

FIRST FINANCIAL NORTWEST INC

     2,243           30,236  

FIRST FOUNDATION INC/OLD

     23,354           226,067  

FIRST HAWAIIAN INC

     39,274           897,804  

FIRST HORIZON CORP

     117,972           1,670,484  

FIRST INTERNET BANCORP

     4,214           101,937  

FIRST INTST BANCSYST INC CL A

     31,933           981,940  

FIRST MERCHANTS CORP

     21,176           785,206  

FIRST MID BANCSHARES INC

     7,649           265,114  

FIRST NORTHWEST BANCORP

     870           13,868  

FIRST OF LONG ISLAND CORP

     11,090           146,832  

FIRST SAVINGS FINANCIAL GRP

     313           5,258  

FIRST SOURCE CORP

     7,763           426,577  

FIRST VIRGINIA COMMUNITY BANK

     1,736           24,651  

FIRST WATCH RESTAURANT GROUP INC

     4,247           85,365  

FIRST WESTERN FINANCIAL INC

     2,576           51,082  

FIVE POINT HOLDINGS LLC CL A

     21,671           66,530  

FLEXIBLE SOLUTIONS INTL INC

     2,381           4,548  

FLEXSTEEL IND

     2,095           39,491  

FLOWSERVE CORP

     1,377           56,760  

FLUOR CORP

     9,154           358,562  

FLUSHING FINANCIAL CORP

     13,317           219,464  

FNB CORP PA

     124,105           1,708,926  

FONAR CORP

     1,418           27,736  

FOOT LOCKER INC

     32,055           998,513  

FORESTAR GROUP INC

     17,900           591,953  

FORMFACTOR INC

     5,002           208,633  

FORRESTER RESEARCH INC

     1,000           26,810  

FORTITUDE GOLD CORP

     2,396           14,280  

FORUM ENERGY TECHNOLOGIES INC

     3,074           68,151  

FORWARD AIR CORP

     33,576           2,110,923  

FOSSIL INC

     22,580           32,967  

FOSTER L B CO CL A

     3,687           81,077  

FRESH DEL MONTE PRODUCE INC

     17,960           471,450  

FRIEDMAN INDS INC

     2,003           30,966  

FRONTIER COMMUNICATIONS PARENT INC

     19,284           488,657  

FRP HOLDINGS INC

     4,052           254,790  

FS BANCORP INC

     3,375           124,740  

FULCRUM THERAPEUTICS INC

     13,888           93,744  

 

25


Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

FULGENT GENETICS INC

     11,287                        326,307  

FULL HOUSE RESORTS INC

     1,389           7,459  

FULLER H B CO

     53,510           4,356,249  

FULTON FINANCIAL CORP

     61,508           1,012,422  

FUNKO INC A

     8,081           62,466  

FUTUREFUEL CORP

     20,600           125,248  

GAIA INC CL A

     2,458           6,637  

GANNETT CO INC

     51,605           118,692  

GAP INC

     91,452           1,912,261  

GATES INDUSTRIAL CORP PLC

     63,695           854,787  

GATOS SILVER INC

     9,623           62,934  

GATX CORP

     4,556           547,722  

GCM GROSVENOR INC—CLASS A

     190,127           1,703,538  

GENCO SHIPPING & TRADING LTD

     16,532           274,266  

GENCOR INDUSTRIES INC

     1,918           30,957  

GENERAC HOLDINGS INC

     22,571           2,917,076  

GENERATION BIO

     12,747           21,033  

GENESCO INC

     5,773           203,267  

GENIE ENERGY LTD B

     7,583           213,310  

GENTEX CORP

     90,072           2,941,752  

GENTHERM INC

     1,559           81,629  

GENWORTH FINANCIAL INC A

     175,138           1,169,922  

GEOSPACE TECHNOLOGIES CORP

     3,943           51,101  

GERMAN AMERICAN BANCORP INC

     5,220           169,180  

GIBRALTAR INDUSTRIES INC

     9,510           751,100  

G-III APPAREL GROUP LTD

     18,717           636,004  

GLACIER BANCORP INC

     3,453           142,678  

GLATFELTER CORP

     15,082           29,259  

GLOBUS MEDICAL INC

     4,154           221,367  

GMS INC

     8,137           670,733  

GOHEALTH INC

     773           10,312  

GOODRX HOLDINGS INC

     13,590           91,053  

GOODYEAR TIRE & RUBBER CO

     104,142           1,491,313  

GOPRO INC A

     50,883           176,564  

GORMAN-RUPP CO

     4,534           161,093  

GRAFTECH INTERNATIONAL LTD

     13,806           30,235  

GRAHAM CORPORATION

     2,260           42,872  

GRAHAM HOLDINGS CO

     1,381           961,894  

GRANITE CONSTRUCTION INC

     15,916           809,488  

GRAPHIC PACKAGING HOLDING CO

     93,070           2,294,176  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

GRAY TELEVISION INC

     37,118                        332,577  

GREAT LAKES DREDGE & DOCK CORP

     25,439           195,372  

GREAT SOUTHERN BANCORP INC

     5,507           326,840  

GREEN BRICK PARTNERS INC

     10,175           528,490  

GREEN DOT CORP CLASS-A

     21,581           213,652  

GREEN PLAINS INC

     9,332           235,353  

GREENBRIER COMPANIES INC

     11,992           529,807  

GREENLIGHT CAPITAL RE LTD A

     11,767           134,379  

GREIF INC CL A

     6,962           456,638  

GREIF INC CL B

     3,144           207,535  

GRID DYNAMICS HOLDINGS INC

     10,885           145,097  

GRITSTONE BIO INC

     7,088           14,460  

GROCERY OUTLET HOLDING CORP

     18,113           488,326  

GROUP 1 AUTOMOTIVE INC

     5,718           1,742,503  

GROWGENERATION CORP

     22,803           57,236  

GSI TECHNOLOGY INC

     8,099           21,381  

GUARANTY BANCSHARES INC

     3,279           110,240  

GUESS INC

     20,738           478,218  

GULF ISLAND FABRICATION INC

     4,272           18,498  

GULFPORT ENERGY CORP

     2,055           273,726  

HAIN CELESTIAL GROUP INC

     21,407           234,407  

HALLADOR PETROLEUM CO

     10,182           90,009  

HAMILTON BEACH BRANDS HOLDING CO CLASS A

     2,518           44,040  

HANCOCK WHITNEY CORP

     27,864           1,353,912  

HANMI FINANCIAL CORPORATION

     13,086           253,868  

HANOVER INSURANCE GROUP INC

     19,218           2,333,450  

HARBORONE NORTHEAST BANCORP INC

     21,510           257,690  

HARLEY-DAVIDSON INC

     31,171           1,148,340  

HARVARD BIOSCIENCES INC

     12,988           69,486  

HASBRO INC

     31,926           1,630,142  

HAVERTY FURNITURE COS INC

     6,402           227,271  

HAWAIIAN HLDGS INC

     9,637           136,845  

HAWKINS INC

     4,202           295,905  

HAYNES INTL INC

     5,678           323,930  

HAYWARD HOLDINGS INC

     9,895           134,572  

HBT FINANCIAL INC

     3,062           64,639  

HEALTH CATALYST INC

     13,861           128,353  

HEALTHCARE SERVICES GROUP INC

     10,808           112,079  

HEALTHSTREAM INC

     9,621           260,056  

HEARTLAND EXPRESS INC

     18,377           262,056  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

HEARTLAND FINANCIAL USA INC

     13,014                        489,457  

HECLA MINING CO

     202,168           972,428  

HEIDRICK & STRUGGLES INTL INC

     8,506           251,182  

HELEN OF TROY LTD

     6,299           760,982  

HELIOS TECHNOLOGIES INC

     4,816           218,406  

HELIX ENERGY SOL GRP INC

     60,715           624,150  

HELMERICH & PAYNE INC

     29,576           1,071,243  

HERC HOLDINGS INC

     1,776           264,429  

HERITAGE COMMERCE CORP

     26,304           260,936  

HERITAGE FINANCIAL CORP WASH

     15,433           330,112  

HERITAGE INSURANCE HOLDINGS INC

     9,039           58,934  

HERTZ GLOBAL HOLDINGS INC

     31,315           325,363  

HF FOODS GROUP INC

     1,576           8,416  

HF SINCLAIR CORP

     41,183           2,288,539  

HIBBETT INC

     4,898           352,754  

HILLENBRAND INC

     3,859           184,653  

HILLMAN SOLUTIONS CORP

     12,305           113,329  

HILLTOP HLDGS I

     16,669           586,915  

HILTON GRAND VACATIONS INC

     14,772           593,539  

HINGHAM INSTITUTION FOR SAVING

     609           118,390  

HIRERIGHT GIS GROUP HOLDINGS LLC

     1,873           25,192  

HNI CORP

     8,728           365,092  

HOME BANCORP INC

     3,207           134,726  

HOME BANCSHARES INC

     38,704           980,372  

HOMESTREET INC

     5,968           61,470  

HOMETRUST BANCSHARES INC

     2,949           79,387  

HONEST CO INC (THE)

     23,780           78,474  

HOOKER FURNISHINGS CORP

     5,252           136,972  

HOPE BANCORP INC

     45,097           544,772  

HORACE MANN EDUCATORS CORP

     15,856           518,491  

HORIZON BANCORP INC INDIANA

     19,792           283,224  

HOVNANIAN ENTERPRISES INC CL A

     832           129,476  

HOWARD HUGHES HOLDINGS INC

     17,929           1,533,826  

HUB GROUP INC CL A

     7,829           719,798  

HUDSON GLOBAL INC

     195           3,034  

HUDSON TECHNOLOGIES INC

     11,280           152,167  

HUNTSMAN CORP

     58,320           1,465,582  

HURCO INC

     2,011           43,297  

HURON CONSULTING GROUP INC

     5,833           599,632  

HYSTER-YALE MATERIALS HANDLING

     3,280           203,983  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

ICF INTERNATIONAL INC

     39,954                       5,357,432  

ICHOR HOLDINGS LTD

     12,584           423,200  

ICU MEDICAL INC

     2,627           262,017  

IDENTIV INC

     3,710           30,570  

IES HOLDINGS INC

     3,761           297,946  

IHEARTMEDIA INC

     3,118           8,325  

IMMERSION CORP

     5,657           39,938  

IMMUNIC INC

     1,352           2,028  

INDEPENDENCE CONTRACT DRILLING

     414           1,014  

INDEPENDENT BANK CORP

     9,334           242,871  

INDEPENDENT BANK CORP MASS

     57,755           3,800,857  

INDEPENDENT BANK GROUP INC

     15,542           790,777  

INFORMATION SVCS GROUP INC

     8,106           38,179  

INGEVITY CORP

     4,173           197,049  

INGLES MARKETS INC-CL A

     6,491           560,628  

INGREDION INC

     6,959           755,260  

INNOSPEC INC

     4,794           590,813  

INNOVIVA INC

     29,680           476,067  

INOGEN INC

     10,775           59,155  

INOVIO PHARMACEUTICALS INC

     4,757           2,426  

INSTEEL INDUSTRIES INC

     8,850           338,867  

INTEGER HOLDINGS CORP

     40,641           4,026,710  

INTEGRA LIFESCIENCES HLDS CORP

     7,668           333,941  

INTEGRAL AD SCIENCE HOLDING CORP

     11,967           172,205  

INTERFACE INC

     14,481           182,750  

INTERNATIONAL BANCSHARES CORP

     21,195           1,151,312  

INTERNATIONAL PAPER CO

     6,667           241,012  

INTERNATIONAL SEAWAYS INC

     17,963           816,957  

INTERPUBLIC GROUP OF COS INC

     170,708           5,571,909  

INTEST CORP

     5,222           71,019  

INTEVAC INC

     11,331           48,950  

INTREPID POTASH INC

     6,031           144,081  

INVESCO LTD

     123,858           2,209,627  

INVESTAR HOLDING CORP

     2,585           38,542  

INVESTORS TITLE CO

     559           90,636  

IPG PHOTONICS CORP

     457           49,603  

IRONWOOD PHARMA CL A (PEND)

     14,280           163,363  

ISSUER DIRECT CORP

     75           1,360  

ITEOS THERAPEUTICS INC

     10,085           110,431  

ITRON INC

     6,808           514,072  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

JACKSON FINANCIAL INC

     25,260                       1,293,312  

JAKKS PACIFIC INC

     555           19,730  

JAMES RIVER GROUP HOLDINGS LTD

     10,187           94,128  

JANUS HENDERSON GROUP PLC

     110,488           3,331,213  

JEFFERIES FINANCIAL GROUP INC

     46,476           1,878,095  

JELD-WEN HOLDING INC

     16,522           311,935  

JETBLUE AIRWAYS CORP

     108,560           602,508  

JM SMUCKER CO/THE

     12,703           1,605,405  

JOHNSON OUTDOORS INC CL A

     3,826           204,385  

JONES LANG LASALLE INC

     30,677           5,793,965  

JUNIPER NETWORKS INC

     15,304           451,162  

KALVISTA PHARMACEUTICALS INC

     7,691           94,215  

KAMAN CORP

     11,173           267,593  

KARTOON STUDIOS INC

     3,550           4,935  

KB HOME

     15,477           966,693  

KEARNY FINANCIAL CORP

     30,483           273,433  

KELLY SERVICES INC CL A

     15,018           324,689  

KEMPER CORP

     22,322           1,086,412  

KENNAMETAL INC

     125,358           3,232,983  

KENNEDY-WILSON HOLDINGS INC

     36,220           448,404  

KEWAUNEE SCIENTIFIC CORP

     239           6,948  

KEYCORP

     20,958           301,795  

KIMBALL ELECTRONICS INC

     11,421           307,796  

KINGSTONE COS INC

     617           1,314  

KIRBY CORP

     13,548           1,063,247  

KNIFE RIVER HOLDING CO W/I

     6,472           428,317  

KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC

     40,250           2,320,413  

KNOWLES CORP

     29,963           536,637  

KODIAK SCIENCES INC

     12,850           39,064  

KOHLS CORP

     39,128           1,122,191  

KOPPERS HLDGS INC

     9,583           490,841  

KORN FERRY

     11,776           698,906  

KRATOS DEFENSE & SEC SOLTN INC

     21,636           438,994  

KRONOS WORLDWIDE INC

     20,465           203,422  

KULICKE & SOFFA INDUSTRIES INC

     23,637           1,293,417  

KURA ONCOLOGY INC

     14,919           214,535  

KVH INDUSTRIES INC

     8,126           42,743  

KYNDRYL HOLDINGS INC

     31,202           648,378  

LA Z BOY INC

     103,516           3,821,811  

LABORATORY CORP OF AMER HLDGS

     10,575           2,403,592  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

LAKELAND BANCORP INC

     23,825                        352,372  

LAKELAND INDUSTRIES INC

     2,673           49,557  

LANCASTER COLONY CORP

     9,004           1,498,176  

LANDMARK BANCORP INC

     420           8,140  

LANDS END INC

     12,908           123,400  

LANDSEA HOMES CORP

     3,339           43,874  

LANTHEUS HLDGS INC

     31,020           1,923,240  

LANTRONIX INC

     4,100           24,026  

LARIMAR THERAPEUTICS INC

     5,094           23,178  

LATHAM GROUP INC

     12,787           33,630  

LAUREATE EDUCATION INC

     31,587           433,058  

LAZARD INC CL A

     115,286           4,011,953  

LAZYDAYS HOLDINGS INC

     2,950           20,798  

LCI INDUSTRIES

     3,345           420,500  

LCNB CORPORATION

     3,694           58,254  

LEAR CORP NEW

     2,861           404,002  

LEGACY HOUSING CORP

     6,220           156,868  

LEGGETT & PLATT INC

     11,765           307,890  

LENDINGCLUB CORP

     44,971           393,047  

LENSAR INC

     2,985           10,477  

LESLIE’S INC

     161,684           1,117,236  

LGI HOMES INC

     8,462           1,126,800  

LIBERTY BROADBAND CORP A

     2,689           239,098  

LIBERTY BROADBAND CORP C

     2,761           256,921  

LIBERTY ENERGY INC CL A

     59,308           1,075,847  

LIBERTY LATIN AMERICA LTD CL A

     17,446           127,530  

LIBERTY LATIN AMERICA LTD CL C

     58,572           429,918  

LIBERTY MEDIA CORP LIBERTY LIVE CL C

     426           15,928  

LIBERTY MEDIA CORP-LIBERTY LIVE CL A

     575           21,016  

LIBERTY MEDIA CORP-LIBERTY SIRIUSXM

     21,003           604,466  

LIBERTY MEDIA CORP-LIBERTY SIRIUSXM CL A

     16,251           467,054  

LIFE TIME GROUP HOLDINGS INC

     29,505           444,935  

LIFESTANCE HEALTH GROUP INC

     15,371           120,355  

LIFETIME BRANDS INC

     8,755           58,746  

LIGAND PHARMACEUTICALS

     3,328           237,686  

LIGHTPATH TECHNOLOGIES CL A

     2,899           3,653  

LIMBACH HOLDINGS INC

     2,742           124,679  

LIMONEIRA CO

     7,365           151,940  

LINCOLN EDUCATIONAL SERVICES

     11,220           112,649  

LIONS GATE ENTERMENT CORP A

     5,530           60,277  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

LIONS GATE ENTERTAINMENT CORP B

     31,969                   325,764  

LITHIA MOTORS INC CL A

     5,294                1,743,208  

LITTELFUSE INC

     10,900           2,916,404  

LIVANOVA PLC

     2,400           124,176  

LIVE OAK BANCSHARES INC

     3,475           158,113  

LIVENT CORP

     12,990           233,560  

LIVERAMP HOLDINGS INC

     11,852           448,954  

LL FLOORING HOLDINGS INC

     12,990           50,661  

LOVESAC

     2,481           63,390  

LSB INDUSTRIES INC

     22,563           210,062  

LSI INDUSTRIES INC

     11,035           155,373  

LUMEN TECHNOLOGIES INC

     61,364           112,296  

LUMENTUM HOLDINGS INC

     7,924           415,376  

LUMOS PHARMA INC

     219           685  

LUNA INNOVATIONS INC

     9,838           65,423  

LUTHER BURBANK CORP

     17,037           182,466  

LUXFER HOLDINGS PLC

     2,647           23,664  

M D C HOLDINGS INC

     26,689           1,474,567  

M/I HOMES INC

     9,481           1,305,913  

MACATAWA BK CORP

     13,621           153,645  

MACYS INC

     73,003           1,468,820  

MADISON SQUARE GARDEN ENTERTAINMENT CORP

     112,205           3,566,997  

MADISON SQUARE GARDEN SPORTS CORP

     14,802           2,691,448  

MAGNACHIP SEMICONDUCTOR

     17,962           134,715  

MAGNITE INC

     30,295           282,955  

MAGNOLIA OIL & GAS CORPO CL A

     156,205           3,325,604  

MAIDEN HLDGS LTD

     19,931           45,642  

MAINSTREET BANCSHARES INC

     1,139           28,259  

MALIBU BOATS INC CL A

     2,361           129,430  

MAMMOTH ENERGY SERVICES INC

     12,745           56,843  

MANCHESTER UNITED PLC

     45,600           929,328  

MANITOWOC CO INC

     15,311           255,541  

MANNATECH INC

     149           1,171  

MANPOWERGROUP INC

     8,946           710,939  

MARCHEX INC

     648           881  

MARCUS &MILLICHAP CO INC

     8,800           384,384  

MARCUS CORP

     10,687           155,816  

MARINEMAX INC

     7,742           301,164  

MARRIOTT VACATIONS WORLD

     6,666           565,877  

MARTEN TRANSPORT LTD

     21,478           450,608  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

MASCO CORPORATION

     41,794                        2,799,362  

MASONITE WORLDWIDE HOLDINGS

     3,363           284,712  

MASTEC INC

     3,828           289,856  

MASTERBRAND INC

     10,602           157,440  

MASTERCRAFT BOAT HOLDINGS INC

     593           13,426  

MATADOR RESOURCES COMPANY

     110,875           6,304,353  

MATERION CORP

     6,245           812,662  

MATIV INC

     19,723           301,959  

MATRIX SERVICE CO

     12,612           123,345  

MATSON INC

     13,095           1,435,212  

MATTEL INC

     182,905           3,453,246  

MATTERPORT INC

     84,359           226,926  

MATTHEWS INTL CORP CL A

     12,787           468,644  

MAXCYTE INC

     3,740           17,578  

MAXLINEAR INC

     6,946           165,106  

MAYVILLE ENGINEERING CO INC

     5,672           81,790  

MCEWEN MINING INC

     1,191           8,587  

MCGRATH RENTCORP

     3,288           393,311  

MDU RESOURCES GROUP INC

     35,244           697,831  

MERCANTILE BANK CORP

     6,856           276,845  

MERCER INTERNATIONAL INC

     25,553           242,242  

MERCHANTS BANCORP

     7,585           322,969  

MERCURY GENERAL CORP

     16,219           605,131  

MERCURY SYSTEMS INC

     13,198           482,651  

MERIDIAN CORP

     1,835           25,507  

MERIDIANLINK INC

     3,125           77,406  

MERITAGE HOMES CORP

     7,496           1,305,803  

MESA LABORATORIES INC

     711           74,491  

METHODE ELECTRONICS INC

     11,608           263,850  

METROCITY BANKSHARES INC

     3,291           79,050  

METROPOLITAN BANK HOLDING CORP

     4,740           262,501  

MGIC INVESTMENT CORP

     98,895           1,907,685  

MGP INGREDIENTS INC

     1,094           107,781  

MID PENN BANCORP INC

     5,004           121,497  

MIDLAND STATES BANCORP INC

     10,041           276,730  

MIDWESTONE FINANCIAL GRP INC

     6,694           180,136  

MILLER INDUSTRIES INC TENN

     5,509           232,976  

MILLERKNOLL INC

     15,316           408,631  

MINERALS TECHNOLOGIES INC

     14,105           1,005,828  

MIRION TECHNOLOGIES INC-A

     7,656           78,474  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

MISSION PRODUCE INC

     14,185                   143,127  

MISTRAS GROUP INC

     9,530           69,760  

MITEK SYSTEMS INC

     4,620           60,245  

MODINE MANUFACTURING CO

     23,133                1,381,040  

MOHAWK INDUSTRIES INC

     52,763           5,460,971  

MONARCH CASINO & RESORT INC

     902           62,373  

MONRO INC

     5,847           171,551  

MONTE ROSA THERAPEUTICS INC

     2,422           13,684  

MOOG INC CL A

     6,956           1,007,090  

MOSAIC CO NEW

     5,439           247,930  

MOTORCAR PARTS OF AMERICA INC

     8,598           80,305  

MOVADO GROUP INC

     7,006           211,231  

MP MATERIALS CORP

     17,359           344,576  

MR COOPER GROUP INC

     18,745           1,220,674  

MRC GLOBAL INC

     19,462           214,277  

MUELLER INDUSTRIES INC

     18,242           860,110  

MUELLER WATER PRODUCTS INC A

     20,889           300,802  

MURPHY OIL CORP

     43,962           1,875,419  

MVB FINANCIAL CORP

     4,279           96,534  

MYERS INDUSTRIES

     8,725           170,574  

MYRIAD GENETICS INC

     15,251           291,904  

NABORS INDUSTRIES LTD

     1,185           96,732  

NACCO INDUSTRIES INC CL A

     2,139           78,074  

NATIONAL BANKSHARES INC VA

     1,587           51,339  

NATIONAL BK HLDGS CORP

     11,565           430,102  

NATIONAL ENERGY SERVICES REUNITED CORP

     18,321           88,792  

NATIONAL HEALTHCARE CORP

     6,497           600,453  

NATIONAL PRESTO INDS

     2,854           229,119  

NATIONAL VISION HOLDINGS INC

     18,830           394,112  

NATIONAL WESTERN LIFE GROUP INC- A

     1,501           725,013  

NATURAL ALTERNATIVES INTL INC

     743           4,770  

NATURAL GAS SERVICES GROUP

     4,845           77,908  

NATURAL GROCERS VIT GROC INC

     9,111           145,776  

NATURES SUNSHINE PRODUCTS INC

     7,569           130,868  

NAUTILUS BIOTECHNOLOGY INC

     3,101           9,272  

NAVIENT CORP

     56,155           1,045,606  

NBT BANCORP INC

     14,319           600,109  

NCR ATLEOS CORP

     62,578           1,520,020  

NCR VOYIX CORP

     125,226           2,117,572  

NEKTAR THERAPEUTICS

     43,549           24,605  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

NELNET INC CL A

     9,984                   880,788  

NEOGENOMICS INC

     1,545           24,998  

NETGEAR INC

     12,978           189,219  

NETSCOUT SYSTEMS INC

     27,390           601,211  

NETSTREIT CORP

     111,980                1,998,843  

NETWORK-1 TECHNOLOGIES INC

     2,182           4,757  

NEURONETICS INC

     2,246           6,513  

NEW JERSEY RESOURCES CORP

     8,649           385,572  

NEW YORK COMMUNITY BANCORP INC

     165,227           1,690,272  

NEWELL BRANDS INC

     108,240           939,523  

NEWMARK GROUP INC CL A

     50,453           552,965  

NEWPARK RESOURCES INC

     36,317           241,145  

NEWS CORP NEW CL B

     20,435           525,588  

NEXA RESOURCES SA

     6,444           46,010  

NEXSTAR MEDIA GROUP INC

     9,117           1,429,090  

NEXTCURE INC

     9,481           10,808  

NGM BIOPHARMACEUTICALS INC

     8,892           7,638  

NICOLET BANKSHARES INC

     4,575           368,196  

NKARTA INC

     6,030           39,798  

NL INDUSTRIES

     3,712           20,824  

NLIGHT INC

     8,696           117,396  

NMI HOLDINGS INC A

     31,972           948,929  

NN INC

     15,303           61,212  

NORDIC AMERICAN TANKER LTD

     72,222           303,332  

NORTHEAST BANK

     2,842           156,850  

NORTHERN OIL AND GAS INC

     7,736           286,774  

NORTHERN TRUST CORP

     35,463           2,992,368  

NORTHFIELD BANCORP INC NEW

     22,238           279,754  

NORTHRIM BANCORP INC

     1,647           94,225  

NORTHWEST BANCSHARES INC

     46,809           584,176  

NORTHWEST PIPE CO

     4,327           130,935  

NORWOOD FINANCIAL CORP

     395           12,999  

NOV INC

     42,628           864,496  

NOW INC

     38,446           435,209  

NRG ENERGY INC

     8,221           425,026  

NU SKIN ENTERPRISES INC CL A

     8,748           169,886  

NURIX THERAPEUTICS INC

     3,060           31,579  

NUVATION BIO INC

     11,913           17,989  

NV5 GLOBAL INC

     2,964           329,360  

OAK VALLEY BANCORP

     988           29,591  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

OCEANFIRST FINANCIAL CORP

     21,359                   370,792  

OCWEN FINANCIAL CORP

     3,188           98,063  

ODP CORP/THE

     15,814           890,328  

OFG BANCORP

     17,290           648,029  

O-I GLASS INC

     41,391           677,985  

OIL STATES INTERNATIONAL INC

     28,410           192,904  

OIL-DRI CORP OF AMERICA

     2,079           139,459  

OLD NATIONAL BANCORP (IND)

     223,777                3,779,594  

OLD REPUBLIC INTL CORP

     60,188           1,769,527  

OLD SECOND BANCORP

     13,492           208,316  

OLEMA PHARMACEUTICALS INC

     11,561           162,201  

OLIN CORP

     23,473           1,266,368  

OLO INC

     24,051           137,572  

OLYMPIC STEEL INC

     4,949           330,098  

OMNIAB INC

     17,236           106,346  

OMNIAB INC—12.5 EARNOUT

     682           3,315  

OMNIAB INC—15.00 EARNOUT

     682           3,130  

OMNICELL INC

     6,438           242,262  

ON24 INC

     15,100           118,988  

ONEMAIN HOLDINGS INC

     19,168           943,066  

ONESPAN INC

     2,903           31,120  

ONEWATER MARINE CL A

     3,325           112,352  

ONTO INNOVATION INC

     5,978           914,036  

OP BANCORP

     4,301           47,096  

OPENDOOR TECHNOLOGIES INC

     19,407           86,943  

OPENLANE INC

     36,096           534,582  

OPKO HEALTH INC

     164,972           249,108  

OPORTUN FIN CORP

     14,295           55,893  

OPPENHEIMER HLDGS CL A NON-VTG

     2,442           100,903  

ORASURE TECHNOLOGIES INC

     32,254           264,483  

ORGANOGENESIS HOLDINGS INC CL A

     18,123           74,123  

ORGANON & CO

     2,798           40,347  

ORIGIN BANCORP INC

     7,025           249,879  

ORION GROUP HOLDINGS INC

     10,871           53,703  

ORION SA

     6,666           184,848  

ORMAT TECHNOLOGIES INC

     1,167           88,447  

ORRSTOWN FINANCIAL SERVICES

     4,448           131,216  

ORTHOFIX MEDICAL INC

     12,178           164,159  

ORTHOPEDIATRICS CORP

     1,512           49,155  

OSCAR HEALTH INC

     37,001           338,559  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

OSHKOSH CORP

     4,830                   523,620  

OSI SYSTEMS INC

     3,227           416,444  

OVERSEAS SHIPHLDG GRP INC NEW

     35,947           189,441  

OVINTIV INC

     7,679           390,800  

OWENS AND MINOR INC

     27,988           539,329  

OWENS CORNING INC

     4,873           722,325  

OXFORD INDUSTRIES

     3,461           346,100  

PACIFIC PREMIER BANCORP INC

     31,716           923,253  

PACIRA BIOSCIENCES INC

     7,830           264,184  

PACTIV EVERGREEN INC

     20,833           285,620  

PAM TRANSPORTAION

     2,265           47,067  

PANGAEA LOGISTICS SOLUTIONS LTD

     16,057           132,310  

PAR PACIFIC HOLDINGS INC

     5,161           187,706  

PARAMOUNT GLOBAL CL A

     2,889           56,798  

PARAMOUNT GLOBAL CL B

     232,378                3,436,871  

PARK AEROSPACE CORP

     6,727           98,887  

PARK NATIONAL CORP

     1,640           217,890  

PARK OHIO HLDGS CORP

     5,102           137,550  

PARKE BANCORP INC

     3,744           75,816  

PARSONS CORP

     5,878           368,609  

PATHWARD FINANCIAL INC

     7,186           380,355  

PATRICK INDUSTRIES INC

     7,239           726,434  

PATTERSON COMPANIES INC

     20,994           597,279  

PATTERSON-UTI ENERGY INC

     90,666           979,193  

PAYSAFE LTD

     12,541           160,399  

PBF ENERGY INC CL A

     36,327           1,596,935  

PC CONNECTION INC

     8,710           585,399  

PCB BANCORP

     4,644           85,589  

PDL BIOPHARMA INC

     62,577           10,173  

PEABODY ENERGY CORP

     42,202           1,026,353  

PEAPACK GLADSTONE FINL CORP

     8,048           239,991  

PEDIATRIX MEDICAL GROUP INC

     30,749           285,966  

PENN ENTERTAINMENT INC

     40,005           1,040,930  

PENNANT GROUP INC

     2,438           33,937  

PENNS WOODS BANCORP INC

     1,124           25,301  

PENNYMAC FINANCIAL SERVICES INC

     15,513           1,370,884  

PENSKE AUTOMOTIVE GROUP INC

     14,704           2,360,139  

PEOPLES BANCORP INC

     15,258           515,110  

PEOPLES BANCORP OF NC

     350           10,567  

PEOPLES FINANCIAL SERV CORP

     875           42,613  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

PERDOCEO EDUCATION CORP

     29,827                   523,762  

PERFICIENT INC

     34,426           2,265,919  

PERFORMANCE FOOD GROUP CO

     4,261           294,648  

PERIMETER SOLUTIONS SA

     2,313           10,640  

PERMIAN RESOURCES CORP CL A

     46,999           639,186  

PERRIGO CO PLC

     52,367                1,685,170  

PERSONALIS INC

     2,193           4,605  

PETCO HEALTH AND WELLNESS CO INC

     24,765           78,257  

PETIQ INC CL A

     11,875           234,531  

PETMED EXPRESS INC

     3,779           28,569  

PGT INNOVATIONS INC

     7,426           302,238  

PHIBRO ANIMAL HEALTH CORP CL A

     4,326           50,095  

PHINIA INC

     12,150           368,024  

PHOTRONIC INC

     21,272           667,303  

PHX MINERALS INC A

     12,255           39,461  

PILGRIM’S PRIDE CORP NEW

     14,967           413,987  

PINNACLE FINL PARTNERS INC

     15,150           1,321,383  

PLAYA HOTELS & RESORTS NV

     51,211           442,975  

PLAYSTUDIOS INC A

     3,549           9,618  

PLEXUS CORP

     38,330           4,144,623  

PONCE FINANCIAL GROUP INC

     9,817           95,814  

POPULAR INC

     24,880           2,041,902  

POSEIDA THERAPEUTICS INC

     4,484           15,066  

POST HOLDINGS INC

     17,885           1,574,953  

POWELL INDUSTRIES INC

     5,141           454,464  

POWERFLEET INC

     4,846           16,573  

PRA GROUP INC

     14,714           385,507  

PREFERRED BANK LOS ANGELES

     4,260           311,193  

PREFORMED LINE PRODUCTS CO

     2,238           299,579  

PREMIER FINANCIAL CORP

     15,010           361,741  

PREMIER INC

     29,661           663,220  

PRESTIGE CONSUMER HEALTHCARE INC

     55,509           3,398,261  

PRICESMART INC

     6,334           479,991  

PRIMEENERGY RESOURCES CORP

     629           66,894  

PRIMIS FINANCIAL CORP

     12,142           153,718  

PRIMORIS SVCS CORP

     17,569           583,466  

PRINCETON BANCORP INC

     1,134           40,711  

PROASSURANCE CORPORATION

     15,367           211,911  

PROG HOLDINGS INC

     2,838           87,723  

PROPETRO HOLDING CORP

     44,039           369,047  

 

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Table of Contents

MICROSOFT CORPORATION

SAVINGS PLUS 401(k) PLAN

EMPLOYER ID 91-1144442, PLAN 001

SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2023

 

Identity of Issue, Borrower, Lessor, or Similar Party    Shares or Units      Cost *      Current Value  

PROPHASE LABS INC

     974                   4,402  

PROSPERITY BANCSHARES INC

     23,203           1,571,539  

PROTO LABS INC

     10,535           410,444  

PROVIDENT BANCORP INC

     1,300           13,091  

PROVIDENT FINANCIAL HLDGS INC

     1,165           14,691  

PROVIDENT FINANCIAL SVCS INC