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RIVERBRIDGE PARTNERS LLC
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2022 | MICROSOFT CORP | MSFT | 699,432 | 35,894 | 167,738,000 | -2,678,000 | $239.82 |
| 06/30/2022 | MICROSOFT CORP | MSFT | 663,538 | -77,804 | 170,416,000 | -58,147,000 | $256.83 |
| 03/31/2022 | MICROSOFT CORP | MSFT | 741,342 | -30,169 | 228,563,000 | -30,912,000 | $308.31 |
| 12/31/2021 | MICROSOFT CORP | MSFT | 771,511 | -22,385 | 259,475,000 | 35,660,000 | $336.32 |
| 09/30/2021 | MICROSOFT CORP | MSFT | 793,896 | 5,500 | 223,815,000 | 10,239,000 | $281.92 |
| 06/30/2021 | MICROSOFT CORP | MSFT | 788,396 | 35,299 | 213,576,000 | 46,072,000 | $270.90 |
| 12/31/2020 | MICROSOFT CORP | MSFT | 753,097 | 15,719 | 167,504,000 | 12,411,000 | $222.42 |
| 09/30/2020 | MICROSOFT CORP | MSFT | 737,378 | 16,716 | 155,093,000 | 8,431,000 | $210.33 |
| 06/30/2020 | MICROSOFT CORP | MSFT | 720,662 | 8,014 | 146,662,000 | 34,270,000 | $203.51 |
| 03/31/2020 | MICROSOFT CORP | MSFT | 712,648 | -22,087 | 112,392,000 | -3,476,000 | $157.71 |
| 12/31/2019 | MICROSOFT CORP | MSFT | 734,735 | -69,993 | 115,868,000 | 3,987,000 | $157.70 |
| 09/30/2019 | MICROSOFT CORP | MSFT | 804,728 | 8,486 | 111,881,000 | 5,216,000 | $139.03 |
| 06/30/2019 | MICROSOFT CORP | MSFT | 796,242 | -3,277 | 106,665,000 | 12,370,000 | $133.96 |
| 03/31/2019 | MICROSOFT CORP | MSFT | 799,519 | 11,637 | 94,295,000 | 14,270,000 | $117.94 |
| 12/31/2018 | MICROSOFT CORP | MSFT | 787,882 | -12,725 | 80,025,000 | -11,540,000 | $101.57 |
| 09/30/2018 | MICROSOFT CORP | MSFT | 800,607 | -15,231 | 91,565,000 | 11,115,000 | $114.37 |
| 06/30/2018 | MICROSOFT CORP | MSFT | 815,838 | -40,883 | 80,450,000 | 2,257,000 | $98.61 |
| 03/31/2018 | MICROSOFT CORP | MSFT | 856,721 | -11,275 | 78,193,000 | 3,945,000 | $91.27 |
| 12/31/2017 | MICROSOFT CORP | MSFT | 867,996 | -46,590 | 74,248,000 | 6,120,000 | $85.54 |
| 09/30/2017 | MICROSOFT CORP | MSFT | 914,586 | -7,988 | 68,128,000 | 4,535,000 | $74.49 |
| 06/30/2017 | MICROSOFT CORP | MSFT | 922,574 | -10,186 | 63,593,000 | 2,161,000 | $68.93 |
| 03/31/2017 | MICROSOFT CORP | MSFT | 932,760 | -15,177 | 61,432,000 | 2,527,000 | $65.86 |
| 12/31/2016 | MICROSOFT CORP | MSFT | 947,937 | -6,255 | 58,905,000 | 3,944,000 | $62.14 |
| 09/30/2016 | MICROSOFT CORP | MSFT | 954,192 | -10,608 | 54,961,000 | 5,592,000 | $57.60 |
| 06/30/2016 | MICROSOFT CORP | MSFT | 964,800 | -23,547 | 49,369,000 | -5,217,000 | $51.17 |
| 03/31/2016 | MICROSOFT CORP | MSFT | 988,347 | 134,649 | 54,586,000 | 25,095,000 | $55.23 |
| 12/31/2015 | MICROSOFT CORP | MSFT | 1,013,552 | 134,634 | 56,232,000 | 26,982,000 | $55.48 |
| 09/30/2015 | MICROSOFT CORP | MSFT | 989,914 | 11,747 | 43,814,000 | 628,000 | $44.26 |
| 06/30/2015 | MICROSOFT CORP | MSFT | 978,167 | 99,249 | 43,186,000 | 13,936,000 | $44.15 |
| 03/31/2015 | MICROSOFT CORP | MSFT | 994,797 | -22,212 | 40,443,000 | -6,797,000 | $40.65 |
| 12/31/2014 | MICROSOFT CORP | MSFT | 1,017,009 | 138,091 | 47,240,000 | 17,990,000 | $46.45 |
| 09/30/2014 | MICROSOFT CORP | MSFT | 1,026,579 | 147,661 | 47,592,000 | 18,342,000 | $46.36 |
| 06/30/2014 | MICROSOFT CORP | MSFT | 1,060,830 | 181,912 | 44,237,000 | 14,987,000 | $41.70 |
| 03/31/2014 | MICROSOFT CORP | MSFT | 1,010,506 | 36,203 | 41,421,000 | 4,972,000 | $40.99 |
| 12/31/2013 | MICROSOFT CORP | MSFT | 974,303 | 95,385 | 36,449,000 | 7,199,000 | $37.41 |
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