Kanawha Capital Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,333 shares of the software giant’s stock after selling 1,280 shares during the period. Microsoft accounts for 5.9% of Kanawha Capital Management LLC’s holdings, making the stock its biggest holding.