MORGAN STANLEY

SEC CIK
0000895421

Q4 2025 vs. Q3 2025

Positions are compared by share count, long positions only.

All holdings in Q4 2025All holdings in Q3 2025

MORGAN STANLEY: Q3 2025 compared with Q4 2025
MeasureQ3 2025Q4 2025Change
Positions8,1578,196+39
Total value$1.65T$1.67T+$23.33B (+1.4%)

New positions (515)

Held at the end of Q4 2025 but not at the end of Q3 2025.

Showing the largest 100 of 515 by value.

MORGAN STANLEY: new positions in Q4 2025
SecurityClassShares, Q4 2025Value, Q4 2025% of portfolio, Q4 2025
MDLNMEDLINE INCCOM CL A15,162,060$636.81M0.04%
ULUNILEVER PLCSPON ADR NEW8,755,962$572.64M0.03%
TTETOTALENERGIES SEACT7,075,455$462.88M0.03%
QQNITY ELECTRONICS INCCOMMON STOCK3,205,495$261.73M0.02%
SOLSSOLSTICE ADVANCED MATLS INCCOM SHS4,017,107$195.15M0.01%
LLYVKLIBERTY LIVE HOLDINGS INCCOM SHS SER C2,062,231$171.5M0.01%
LLYVALIBERTY LIVE HOLDINGS INCCOM SER A1,152,499$93.93M0.01%
XXITWENTY ONE CAP INCCOM SHS CL A10,551,642$92.43M0.01%
BITWISE CRYPTO INDUSTRY INNOVATORS ETF09175C103ETF3,910,750$77.94M0.00%
SUNCSUNOCOCORP LLCCOM SHS LLC1,497,070$73.78M0.00%
LAZARD ACTIVE ETF TR52110K301EMERGING MARKETS1,998,938$50.13M0.00%
MORGAN STANLEY ETF TRUST61774R817EAT INC OPP ETF949,341$47.86M0.00%
CWKCUSHMAN AND WAKEFIELD LTDCOMMON SHARES2,460,393$39.83M0.00%
LXPLXP INDUSTRIAL TRUSTCOM629,099$31.19M0.00%
MICCMAGNUM ICE CREAM CO NVORD SHS1,470,028$23.3M0.00%
DECDIVERSIFIED ENERGY COCOMMON STOCK1,230,900$17.82M0.00%
PUTNAM ETF TRUST746729821FRANK MASS ETF1,877,377$16.92M0.00%
AB ACTIVE ETFS INC00039J772CALIF INTER ETF656,016$16.46M0.00%
DDOGDATADOG INCNOTE 12/0–$16.3M0.00%
BSOLBitwise Solana Staking ETFCOM932,922$15.3M0.00%
AFFIRM HLDGS INC00827BAD8NOTE 0.750%12/1–$15.03M0.00%
PROFESIONALLY MANAGED PORTFO74316P579AKRE FOCUS ETF222,409$14.57M0.00%
NTNXNUTANIX INCNOTE 0.500%12/1–$13.29M0.00%
STRATEGY INC594972AS0NOTE 12/0–$12.98M0.00%
MARAMARA HOLDINGS INCNOTE 6/0–$11.51M0.00%
BILLBILL HOLDINGS INCNOTE 4/0–$10.11M0.00%
SPDR SERIES TRUST78468R424STATE STREET SPD400,000$10.09M0.00%
GOLDMAN SACHS ETF TR38149W440GROWT OPPOR ETF243,451$9.78M0.00%
GOLDMAN SACHS ETF TR38149W580MARKETBETA RUSS173,384$9.38M0.00%
SOLARIS ENERGY INFRAS INC83419XAB4NOTE 0.250%10/0–$9.06M0.00%
BPREBLUEROCK PVT REAL ESTATE FDCOM504,649$7.57M0.00%
LIVE NATION ENTERTAINMENT IN538034BC2NOTE 2.875% 1/1–$7.44M0.00%
BGSIBOYD GROUP SERVICES INCCommon Stock38,612$6.15M0.00%
SYNASYNAPTICS INCNOTE 0.750%12/0–$6M0.00%
ISHARES TR46438G372IBONDS DEC 2035224,325$5.82M0.00%
HPPHUDSON PACIFIC PROPERTIES INCOM519,524$5.63M0.00%
MARAMARA HOLDINGS INCNOTE 3/0–$5.35M0.00%
MAN ETF SER TR56164V303ACTIVE TREND200,000$5.17M0.00%
COINCOINBASE GLOBAL INCNOTE 0.250% 4/0–$5.06M0.00%
ADVISOR MANAGED PORTFOLIOS00777X488RECKONER BBB-B200,000$5.02M0.00%
PUTNAM ETF TRUST746729839FRANKLIN CALIF652,389$4.78M0.00%
NAVNNAVAN INCCL A274,399$4.69M0.00%
BETABETA TECHNOLOGIES INCCOM SHS CL A157,441$4.44M0.00%
PUTNAM ETF TRUST746729763FRANKLIN NY MUNI562,747$4.41M0.00%
ISHARES TR46438G646IBONDS DEC 2034157,174$4.06M0.00%
AMERICAN WTR CAP CORP03040WBE4NOTE 3.625% 6/1–$3.9M0.00%
JRVRJAMES RIV GROUP HOLDINGS INCCOM SHS593,081$3.77M0.00%
PUTNAM ETF TRUST746729789FRAN MU HI YI ET310,803$3.6M0.00%
CENTRAIS ELET BRAS SA15235A102SPON ADS PFD B1323,723$3.03M0.00%
TIDAL TRUST I886365105SMART EARNINGS G116,245$2.91M0.00%
AXICYAXIA ENERGIA SASPON ADS PF CL C308,417$2.66M0.00%
TLRYTILRAY BRANDS INCCOM284,764$2.57M0.00%
UVXYPROSHARES TR IIULTRA VIX SHORT70,812$2.54M0.00%
BLACKROCK ETF TRUST09290C723DYNAMIC EQTY ACT99,086$2.54M0.00%
JBLUJETBLUE AIRWAYS CORPNOTE 2.500% 9/0–$2.53M0.00%
SOMNSOUTHERN COUNIT 12/15/202850,000$2.52M0.00%
FRMIFERMI INCCOM297,129$2.38M0.00%
ALHALLIANCE LAUNDRY HLDGS INCCOM113,669$2.31M0.00%
VERXVERTEX INCNOTE 0.750% 5/0–$2.3M0.00%
GOLDMAN SACHS ETF TR38149W432TECHN OPPOR ETF54,100$2.14M0.00%
ISHARES IBONDS DEC 2030 TERM MUNI BOND ETF46438G687ETF80,641$2.1M0.00%
SPHRSPHERE ENTERTAINMENT CONOTE 3.500%12/0–$2.05M0.00%
COLUMBIA ETF TR I19761L763AAA CLO ETF100,000$2.01M0.00%
COLUMBIA ETF TR I19761L789CORPORATE BOND E100,000$2M0.00%
PROSHARES TR74350P675ULTRAPRO SHORT28,848$1.98M0.00%
PUTNAM ETF TRUST746729797FRANKLIN MUNI249,790$1.95M0.00%
DMRADAMORA THERAPEUTICS INCCOM NEW74,917$1.72M0.00%
ELEELEMENTAL RTY CORPCOM NEW95,361$1.62M0.00%
HARBOR ETF TRUST41151J877CORPORATE CULT38,920$1.6M0.00%
ISHARES TR46438G471LARG CAP DEC ETF57,558$1.54M0.00%
FLRFLUOR CORPNOTE 1.125% 8/1–$1.46M0.00%
DBX ETF TR23306X860XTRA US NATL ETF31,268$1.15M0.00%
FSSLFS SPECIALTY LENDING FDCOM SH BEN INT79,470$1.12M0.00%
ALHCALIGNMENT HEALTHCARE INCNOTE 4.250%11/1–$1.09M0.00%
AEROGRUPO AEROMEXICO SAB DE CVSPONSORED ADS48,553$1.07M0.00%
COLUMBIA ETF TR I19761L821RESEARCH ENHANCE50,000$1.03M0.00%
PTRNPATTERN GROUP INCCOM SER A76,369$881.3K0.00%
GOLDMAN SACHS ETF TR38149W424ENHANCED US EQTY20,500$829.48K0.00%
OPENWOPENDOOR TECHNOLOGIES INC EQUITY WARRANT*W EXP 11/20/202895,608$806.05K0.00%
GAMESTOP CORP CLASS36467W117*W EXP 10/30/202261,243$786.35K0.00%
INNOVATOR ETFS TRUST45784N106EQUITY DEFINED P28,454$762K0.00%
IMSRTERRESTRIAL ENERGY INCCOM SHS122,307$747.3K0.00%
IMSRWHCM II Acquisition Corp (Pre-Reincorporation)WARRANT342,279$725.63K0.00%
FRMMFORUM MARKETS INCCOM SHS141,112$691.45K0.00%
IAFABRDN AUSTRALIA EQUITY FD INCOM49,804$643.47K0.00%
TET1 ENERGY INCNOTE 5.250%12/0–$637.3K0.00%
PXEDPHOENIX ED PARTNERS INCCOM20,889$632.94K0.00%
DIREXION SHS ETF TR25461A528DAILY MU BULL5,844$588.73K0.00%
PUTNAM ETF TRUST746729748FRANK PA MUN ETF65,858$568.37K0.00%
NKLRTerra Innovatum Global NVCOM122,376$565.38K0.00%
ANGEL OAK FUNDS TRUST03463K745HIGH YIE OPP ETF49,661$551.24K0.00%
TIDAL TRUST II88636X732YIELDMAX MSTR OP17,015$503.65K0.00%
OWLSOBOOK HLDGS INCSHS CL A74,088$494.91K0.00%
OSISOSI SYSTEMS INCNOTE 2.250% 8/0–$467.15K0.00%
RPTRITHM PPTY TR INCCOM NEW SHS28,157$466.86K0.00%
OPENLOPENDOOR TECHNOLOGIES INC EQUITY WARRANT*W EXP 11/20/202895,907$466.14K0.00%
HYNEHOYNE BANCORP INCCOM30,000$434.7K0.00%
PTNPALATIN TECHNOLOGIES INCCOM NEW27,281$419.58K0.00%
MPLTMAPLIGHT THERAPEUTICS INCCOM23,222$407.89K0.00%
PUTNAM ETF TRUST746729771FRAN NEW JER ETF46,442$406.37K0.00%

Added (3929)

More shares at the end of Q4 2025 than at the end of Q3 2025.

Showing the largest 100 of 3929 by value.

MORGAN STANLEY: positions added to in Q4 2025
SecurityClassShares, Q3 2025Shares, Q4 2025Change in sharesValue, Q4 2025% of portfolio, Q4 2025
AAPLAPPLE INC COMStock229,103,384230,483,035+1,379,651+0.6%$62.66B3.74%
NVDANVIDIA CORPORATION COMStock322,956,343323,733,984+777,641+0.2%$60.38B3.60%
MSFTMICROSOFT CORP COMStock120,240,122121,220,561+980,439+0.8%$58.62B3.50%
METAMETA PLATFORMS INC CL AStock36,729,21937,553,102+823,883+2.2%$24.79B1.48%
GOOGALPHABET INC CAP STK CL CStock70,709,40671,841,419+1,132,013+1.6%$22.54B1.35%
JPMJPMORGAN CHASE & CO COMStock65,445,84766,385,268+939,421+1.4%$21.39B1.28%
LLYELI LILLY & CO COMStock15,185,85315,593,019+407,166+2.7%$16.76B1.00%
ISHARES RUSSELL 1000 GROWTH ETF464287614ETF27,048,28527,636,174+587,889+2.2%$13.08B0.78%
ISHARES CORE MSCI EAFE ETF46432F842ETF99,990,935104,883,248+4,892,313+4.9%$9.38B0.56%
VANGUARD TOTAL BOND MARKET ETF921937835ETF108,641,970124,929,480+16,287,510+15.0%$9.25B0.55%
MAMASTERCARD INCORPORATED CL AStock15,923,02216,046,550+123,528+0.8%$9.16B0.55%
ISHARES RUSSELL 1000 VALUE ETF464287598ETF36,383,11139,663,587+3,280,476+9.0%$8.34B0.50%
COSTCOSTCO WHOLESALE CORPORATION COMStock9,415,6489,523,423+107,775+1.1%$8.21B0.49%
NFLXNETFLIX INC. COMStock8,509,65585,349,973+76,840,318+903.0%$8B0.48%
ISHARES CORE MSCI EMERGING MARKETS ETF46434G103ETF98,816,734102,793,787+3,977,053+4.0%$6.91B0.41%
UBERUBER TECHNOLOGIES INC COMStock78,386,26280,196,924+1,810,662+2.3%$6.55B0.39%
BACBANK OF AMER CORP COMStock102,597,099112,791,313+10,194,214+9.9%$6.2B0.37%
INVESCO EXCHANGE TRADED FD T46137V357S&P500 EQL WGT29,060,69131,346,217+2,285,526+7.9%$6B0.36%
CSCOCISCO SYS INC COMStock75,119,90675,326,258+206,352+0.3%$5.8B0.35%
VANGUARD FTSE DEVELOPED MARKETS ETF921943858ETF62,840,40190,491,038+27,650,637+44.0%$5.65B0.34%
GLDSPDR GOLD SHARESETF11,354,47513,893,741+2,539,266+22.4%$5.51B0.33%
RTXRTX CORPORATION COMStock29,678,51529,783,584+105,069+0.4%$5.46B0.33%
ORCLORACLE CORP COMStock26,629,95327,125,099+495,146+1.9%$5.29B0.32%
UNHUNITEDHEALTH GROUP INC COMStock15,236,68215,790,095+553,413+3.6%$5.21B0.31%
BXBLACKSTONE INCCOM32,225,55232,862,165+636,613+2.0%$5.07B0.30%
MRKMERCK & CO INC COMStock44,586,53544,946,021+359,486+0.8%$4.73B0.28%
MUMICRON TECHNOLOGY INC COMStock15,602,36616,396,655+794,289+5.1%$4.68B0.28%
SPGIS&P GLOBAL INC COMStock8,070,0488,333,099+263,051+3.3%$4.35B0.26%
GEGE AEROSPACE COM NEWStock13,592,38213,924,762+332,380+2.4%$4.29B0.26%
ISHARES S&P 500 GROWTH ETF464287309ETF33,459,76133,646,152+186,391+0.6%$4.15B0.25%
ETNEATON CORP PLC SHSStock12,777,42912,978,790+201,361+1.6%$4.13B0.25%
DASHDOORDASH INC CL AStock17,145,22817,536,824+391,596+2.3%$3.97B0.24%
GEVGE VERNOVA INC COMStock5,369,0086,054,474+685,466+12.8%$3.96B0.24%
HONHoneywell TechnologiesCOM18,546,11219,425,421+879,309+4.7%$3.79B0.23%
BLKBLACKROCK INC COMStock3,506,4253,508,220+1,795+0.1%$3.75B0.22%
APPAPPLOVIN CORPCOM CL A5,022,8405,561,646+538,806+10.7%$3.75B0.22%
PEPPEPSICO INC COMStock24,933,88124,956,082+22,201+0.1%$3.58B0.21%
NOWSERVICENOW INC COMStock5,218,80422,733,483+17,514,679+335.6%$3.48B0.21%
LRCXLAM RESEARCH CORP COM NEWStock19,861,51519,886,007+24,492+0.1%$3.4B0.20%
INTUINTUIT COMStock5,039,9475,100,857+60,910+1.2%$3.38B0.20%
ISHARES CORE U.S. AGGREGATE BOND ETF464287226ETF31,238,19832,483,415+1,245,217+4.0%$3.24B0.19%
ISHARES S&P 500 VALUE ETF464287408ETF14,209,91115,278,856+1,068,945+7.5%$3.24B0.19%
JPMORGAN ULTRA-SHORT INCOME ETF46641Q837ETF60,019,25961,468,768+1,449,509+2.4%$3.11B0.19%
ISHARES MSCI EAFE ETF464287465ETF27,372,99431,617,599+4,244,605+15.5%$3.04B0.18%
AMATAPPLIED MATLS INC COMStock11,097,82311,470,835+373,012+3.4%$2.95B0.18%
UNPUNION PAC CORP COMStock12,033,40312,636,050+602,647+5.0%$2.92B0.17%
VANGUARD FTSE EMERGING MARKETS ETF922042858ETF50,984,45853,912,443+2,927,985+5.7%$2.9B0.17%
CEGCONSTELLATION ENERGY CORP COMStock8,018,8928,054,637+35,745+0.4%$2.85B0.17%
ADIANALOG DEVICES INC COMStock10,256,08910,450,624+194,535+1.9%$2.83B0.17%
VANGUARD DIVIDEND APPRECIATION ETF921908844ETF12,526,58512,774,029+247,444+2.0%$2.81B0.17%
STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF81369Y803ETF10,530,31419,348,529+8,818,215+83.7%$2.79B0.17%
LMTLOCKHEED MARTIN CORP COMStock5,201,0285,728,551+527,523+10.1%$2.77B0.17%
J P MORGAN EXCHANGE TRADED F46641Q332EQUITY PREMIUM46,972,43747,234,309+261,872+0.6%$2.7B0.16%
ICEINTERCONTINENTAL EXCHANGE INC COMStock15,717,14315,875,593+158,450+1.0%$2.57B0.15%
MORGAN STANLEY PATHWAY FDS61769L858LARGE CAP EQTY44,828,59146,157,645+1,329,054+3.0%$2.51B0.15%
STATE STREET SPDR PORTFOLIO S&P 500 ETF78464A854ETF14,248,26330,855,614+16,607,351+116.6%$2.48B0.15%
VANGUARD MORNINGSTAR MID-CAP ETF922908629ETF8,230,2028,494,623+264,421+3.2%$2.47B0.15%
APHAMPHENOL CORP NEWCL A18,121,29818,185,947+64,649+0.4%$2.46B0.15%
INTCINTEL CORP COMStock54,193,17965,249,269+11,056,090+20.4%$2.41B0.14%
BABOEING CO COMStock9,640,42910,613,828+973,399+10.1%$2.3B0.14%
PFEPFIZER INC COMStock74,770,65889,113,604+14,342,946+19.2%$2.22B0.13%
INVESCO EXCH TRADED FD TR II46138E461PURBTA MSCI US26,876,52632,156,914+5,280,388+19.6%$2.2B0.13%
BSXBOSTON SCIENTIFIC CORP COMStock20,714,24822,960,556+2,246,308+10.8%$2.19B0.13%
ISHARES CORE S&P SMALL CAP ETF464287804ETF17,977,55118,064,089+86,538+0.5%$2.17B0.13%
SNPSSYNOPSYS INCCOM4,464,0634,573,980+109,917+2.5%$2.15B0.13%
RPRXROYALTY PHARMA PLCSHS CLASS A44,163,95455,274,069+11,110,115+25.2%$2.14B0.13%
TXNTEXAS INSTRS INC COMStock12,224,95312,294,129+69,176+0.6%$2.13B0.13%
KLACKLA CORPCOM NEW1,720,1341,733,866+13,732+0.8%$2.11B0.13%
COFCAPITAL ONE FINL CORP COMStock8,354,6318,677,981+323,350+3.9%$2.1B0.13%
NOCNORTHROP GRUMMAN CORP COMStock3,664,7513,667,833+3,082+0.1%$2.09B0.12%
ECLECOLAB INC COMStock7,441,3377,883,084+441,747+5.9%$2.07B0.12%
NUNU HLDGS LTDORD SHS CL A117,931,624121,350,701+3,419,077+2.9%$2.03B0.12%
VANGUARD MORNINGSTAR SMALL-CAP ETF922908751ETF7,779,5447,864,543+84,999+1.1%$2.03B0.12%
IAUISHARES GOLD TRUSTETF24,836,47124,895,743+59,272+0.2%$2.02B0.12%
WMBWILLIAMS COS INCCOM30,257,21633,572,067+3,314,851+11.0%$2.02B0.12%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF92206C870ETF19,649,00624,048,406+4,399,400+22.4%$2.01B0.12%
SRESEMPRA COMStock19,079,30822,330,091+3,250,783+17.0%$1.97B0.12%
PHPARKER-HANNIFIN CORP COMStock2,110,6772,133,044+22,367+1.1%$1.87B0.11%
WELLWELLTOWER INC COMREIT9,594,84110,067,111+472,270+4.9%$1.87B0.11%
ABNBAIRBNB INC COM CL AStock12,514,06013,234,861+720,801+5.8%$1.8B0.11%
STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF81369Y209ETF10,600,44211,486,551+886,109+8.4%$1.78B0.11%
FCXFREEPORT MCMORAN INC CL BStock31,132,19534,262,241+3,130,046+10.1%$1.74B0.10%
STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF78464A409ETF8,279,76216,219,528+7,939,766+95.9%$1.73B0.10%
AFRMAFFIRM HLDGS INCCOM CL A22,967,76623,010,300+42,534+0.2%$1.71B0.10%
AEPAMERICAN ELEC PWR CO INC COMStock14,389,97914,661,858+271,879+1.9%$1.69B0.10%
RBLXROBLOX CORP CL AStock19,173,36520,728,914+1,555,549+8.1%$1.68B0.10%
ISHARES TR46428743220 YR TR BD ETF14,609,08019,186,986+4,577,906+31.3%$1.67B0.10%
AZOAUTOZONE INCCOM418,239492,794+74,555+17.8%$1.67B0.10%
ISHARES TR4642874407-10 YR TRSY BD14,302,63117,039,671+2,737,040+19.1%$1.64B0.10%
VANGUARD INFORMATION TECHNOLOGY ETF92204A702ETF2,125,3542,151,255+25,901+1.2%$1.62B0.10%
ISHARES TR464287150CORE S&P TTL STK10,704,46010,899,766+195,306+1.8%$1.62B0.10%
CVSCVS HEALTH CORP COMStock19,162,14320,373,774+1,211,631+6.3%$1.62B0.10%
IBNICICI BANK LIMITEDADR49,798,42153,772,858+3,974,437+8.0%$1.6B0.10%
FIDELITY MERRIMACK STR TR316188309TOTAL BD ETF29,886,12234,716,320+4,830,198+16.2%$1.6B0.10%
VANGUARD SCOTTSDALE FDS92206C409SHRT TRM CORP BD19,165,94719,425,956+260,009+1.4%$1.55B0.09%
WDCWESTERN DIGITAL CORPCOM8,402,6228,944,662+542,040+6.5%$1.54B0.09%
STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF81369Y704ETF9,049,0749,884,699+835,625+9.2%$1.53B0.09%
BMYBRISTOL-MYERS SQUIBB CO COMStock27,867,75228,348,637+480,885+1.7%$1.53B0.09%
CLCOLGATE PALMOLIVE CO COMStock18,922,85019,246,217+323,367+1.7%$1.52B0.09%
ISHARES TR464288513IBOXX HI YD ETF16,803,96518,215,323+1,411,358+8.4%$1.47B0.09%

Reduced (2937)

Fewer shares at the end of Q4 2025 than at the end of Q3 2025.

Showing the largest 100 of 2937 by value.

MORGAN STANLEY: positions reduced in Q4 2025
SecurityClassShares, Q3 2025Shares, Q4 2025Change in sharesValue, Q4 2025% of portfolio, Q4 2025
GOOGLALPHABET INC CAP STK CL AStock121,945,648121,794,366−151,282−0.1%$38.12B2.28%
AMZNAMAZON COM INC COMStock162,864,808161,580,340−1,284,468−0.8%$37.3B2.23%
AVGOBROADCOM INC COMStock73,008,57872,964,756−43,822−0.1%$25.25B1.51%
SPYSTATE STREET SPDR S&P 500 ETFETF40,654,53229,324,506−11,330,026−27.9%$20B1.19%
ISHARES CORE S&P 500 ETF464287200ETF24,311,64824,028,236−283,412−1.2%$16.46B0.98%
VVISA INC COM CL AStock48,072,16746,863,081−1,209,086−2.5%$16.44B0.98%
TSLATESLA INC COMStock36,146,70935,783,015−363,694−1.0%$16.09B0.96%
VANGUARD S&P 500 ETF922908363ETF25,449,92924,568,372−881,557−3.5%$15.41B0.92%
BRK.BBERKSHIRE HATHAWAY INC DEL CL B NEWStock26,572,52526,280,201−292,324−1.1%$13.21B0.79%
INVESCO QQQ TRUST SERIES I46090E103ETF24,558,23716,041,841−8,516,396−34.7%$9.85B0.59%
JNJJOHNSON & JOHNSON COMStock48,231,66746,325,589−1,906,078−4.0%$9.59B0.57%
WMTWALMART INC COMStock85,254,10984,273,016−981,093−1.2%$9.39B0.56%
ABBVABBVIE INC COMStock41,654,78440,041,940−1,612,844−3.9%$9.15B0.55%
XOMEXXON MOBIL CORPCOM74,913,80474,457,855−455,949−0.6%$8.96B0.53%
HDHOME DEPOT INC COMStock22,489,91822,113,754−376,164−1.7%$7.61B0.45%
VANGUARD MORNINGSTAR GROWTH ETF922908736ETF14,773,59014,385,761−387,829−2.6%$7.02B0.42%
PGPROCTER & GAMBLE CO COMStock51,332,71848,823,274−2,509,444−4.9%$7B0.42%
TMOTHERMO FISHER SCIENTIFIC INC COMStock12,721,91211,894,277−827,635−6.5%$6.89B0.41%
GSGOLDMAN SACHS GROUP INC COMStock7,691,5567,462,643−228,913−3.0%$6.56B0.39%
KOCOCA COLA CO COMStock95,454,89793,199,753−2,255,144−2.4%$6.52B0.39%
VANGUARD MORNINGSTAR VALUE ETF922908744ETF33,213,04333,171,922−41,121−0.1%$6.34B0.38%
PANWPALO ALTO NETWORKS INC COMStock30,759,37530,462,984−296,391−1.0%$5.61B0.34%
CVXCHEVRON CORPORATION COMStock36,607,10736,305,638−301,469−0.8%$5.53B0.33%
AMDADVANCED MICRO DEVICES INC COMStock30,061,74925,041,819−5,019,930−16.7%$5.36B0.32%
NEENEXTERA ENERGY INC COMStock66,080,37765,670,440−409,937−0.6%$5.27B0.31%
PLTRPALANTIR TECHNOLOGIES INC CL AStock30,240,52729,206,906−1,033,621−3.4%$5.19B0.31%
AMGNAMGEN INC COMStock15,910,52515,744,528−165,997−1.0%$5.15B0.31%
CRMSALESFORCE INC COMStock19,189,90919,009,146−180,763−0.9%$5.04B0.30%
WFCWELLS FARGO & CO COMStock55,174,76453,574,153−1,600,611−2.9%$4.99B0.30%
AXPAMERICAN EXPRESS CO COMStock13,232,41113,199,234−33,177−0.3%$4.88B0.29%
MCDMCDONALDS CORP COMStock15,572,96015,270,740−302,220−1.9%$4.67B0.28%
VANGUARD MORNINGSTAR TOTAL STOCK MARKET ETF922908769ETF13,805,60013,792,394−13,206−0.1%$4.62B0.28%
ABTABBOTT LABORATORIES COMStock38,634,79636,727,533−1,907,263−4.9%$4.6B0.27%
IBMINTERNATIONAL BUSINESS MACHS COMStock16,024,10114,859,806−1,164,295−7.3%$4.4B0.26%
SHOPSHOPIFY INC CL A SUB VTG SHSStock29,284,56226,453,143−2,831,419−9.7%$4.26B0.25%
ISHARES RUSSELL 2000 ETF464287655ETF18,151,96917,121,140−1,030,829−5.7%$4.21B0.25%
TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADSADR15,091,53213,513,371−1,578,161−10.5%$4.11B0.25%
TJXTJX COS INC NEW COMStock27,108,48826,541,902−566,586−2.1%$4.08B0.24%
CATCATERPILLAR INC COMStock7,237,2937,075,119−162,174−2.2%$4.05B0.24%
DISDISNEY WALT CO COMStock36,468,02735,447,892−1,020,135−2.8%$4.03B0.24%
SPOTSPOTIFY TECHNOLOGY S A SHSStock6,769,4586,600,718−168,740−2.5%$3.83B0.23%
PMPHILIP MORRIS INTL INC COMStock24,452,90923,419,685−1,033,224−4.2%$3.76B0.22%
NETCLOUDFLARE INCCL A COM19,011,19218,009,245−1,001,947−5.3%$3.55B0.21%
MELIMERCADOLIBRE INCCOM1,987,1131,729,499−257,614−13.0%$3.48B0.21%
ISRGINTUITIVE SURGICAL INCCOM NEW6,302,3695,741,035−561,334−8.9%$3.25B0.19%
QCOMQUALCOMM INC COMStock18,722,83518,615,425−107,410−0.6%$3.18B0.19%
BKNGBOOKING HOLDINGS INC COMStock686,756594,231−92,525−13.5%$3.18B0.19%
CCITIGROUP INC COM NEWStock27,357,25326,961,521−395,732−1.4%$3.15B0.19%
LINLINDE PLC SHSStock7,522,7377,086,440−436,297−5.8%$3.02B0.18%
CRWDCROWDSTRIKE HLDGS INC CL AStock6,463,8786,216,679−247,199−3.8%$2.91B0.17%
GILDGILEAD SCIENCES INC COMStock23,734,77623,512,734−222,042−0.9%$2.89B0.17%
ADPAUTOMATIC DATA PROCESSING INC COMStock12,055,98310,348,562−1,707,421−14.2%$2.66B0.16%
ISHARES RUSSELL MID-CAP GROWTH ETF464287481ETF19,819,97719,403,290−416,687−2.1%$2.66B0.16%
TAT&T INC COMStock109,840,721106,944,397−2,896,324−2.6%$2.66B0.16%
VZVERIZON COMMUNICATIONS INC COMStock77,310,22664,997,318−12,312,908−15.9%$2.65B0.16%
LOWLOWES COS INC COMStock11,568,20410,829,071−739,133−6.4%$2.61B0.16%
TMUST-MOBILE US INC COMStock13,812,04312,582,682−1,229,361−8.9%$2.55B0.15%
ISHARES CORE S&P MID-CAP ETF464287507ETF37,043,04536,986,458−56,587−0.2%$2.44B0.15%
DHRDANAHER CORP DEL COMStock11,605,03510,644,562−960,473−8.3%$2.44B0.15%
VANGUARD SHORT-TERM BOND ETF921937827ETF38,600,02730,553,571−8,046,456−20.8%$2.41B0.14%
ANETARISTA NETWORKS INC COM SHSStock18,631,16618,179,893−451,273−2.4%$2.38B0.14%
ISHARES CORE S&P U.S. GROWTH ETF464287671ETF14,020,19814,005,357−14,841−0.1%$2.35B0.14%
SCHWCHARLES SCHWAB CORP (THE) COMStock24,726,20223,233,235−1,492,967−6.0%$2.32B0.14%
CMECME GROUP INCCOM8,902,4388,363,151−539,287−6.1%$2.28B0.14%
STATE STREET FINANCIAL SELECT SECTOR SPDR ETF81369Y605ETF47,415,07640,923,262−6,491,814−13.7%$2.24B0.13%
ISHARES TR4642874571 3 YR TREAS BD33,669,88826,646,281−7,023,607−20.9%$2.21B0.13%
SYKSTRYKER CORPORATION COMStock6,456,5836,249,585−206,998−3.2%$2.2B0.13%
STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF78468R663ETF24,806,17723,815,971−990,206−4.0%$2.18B0.13%
ADBEADOBE INC COMStock6,912,9916,195,038−717,953−10.4%$2.17B0.13%
PGRPROGRESSIVE CORP COMStock10,333,3279,488,160−845,167−8.2%$2.16B0.13%
SHWSHERWIN WILLIAMS COCOM7,314,5026,313,220−1,001,282−13.7%$2.05B0.12%
ACNACCENTURE PLC IRELAND SHS CLASS AStock12,032,5397,536,001−4,496,538−37.4%$2.02B0.12%
AJGGALLAGHER ARTHUR J & COCOM8,585,7907,773,808−811,982−9.5%$2.01B0.12%
DEDEERE & CO COMStock4,259,7024,251,054−8,648−0.2%$1.98B0.12%
TTTRANE TECHNOLOGIES PLCSHS5,092,2525,055,421−36,831−0.7%$1.97B0.12%
AONAON PLCCL A6,136,3865,570,506−565,880−9.2%$1.97B0.12%
SNOWSNOWFLAKE INC COM SHSStock9,169,1988,941,881−227,317−2.5%$1.96B0.12%
MCKMCKESSON CORP COMStock2,469,9732,389,249−80,724−3.3%$1.96B0.12%
ZTSZOETIS INC CL AStock16,943,17715,465,506−1,477,671−8.7%$1.95B0.12%
MDTMEDTRONIC PLC SHSStock20,232,24920,222,575−9,6740.0%$1.94B0.12%
ASMLASML HLDG NV N Y REGISTRY SHSADR1,926,5081,703,116−223,392−11.6%$1.82B0.11%
PLDPROLOGIS INC. COMREIT17,778,47514,256,520−3,521,955−19.8%$1.82B0.11%
SBUXSTARBUCKS CORP COMStock26,185,23921,275,936−4,909,303−18.7%$1.79B0.11%
ISHARES MSCI USA QUALITY FACTOR ETF46432F339ETF9,583,8398,969,360−614,479−6.4%$1.78B0.11%
GDGENERAL DYNAMICS CORP COMStock5,636,6365,206,906−429,730−7.6%$1.75B0.10%
JCIJOHNSON CTLS INTL PLC SHSStock14,599,18814,536,279−62,909−0.4%$1.74B0.10%
AMTAMERICAN TOWER CORP COMREIT10,033,6599,807,651−226,008−2.3%$1.72B0.10%
ISHARES TR464287234MSCI EMG MKT ETF33,871,65131,098,222−2,773,429−8.2%$1.7B0.10%
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND922042775ETF23,202,01822,631,718−570,300−2.5%$1.66B0.10%
CMICUMMINS INC COMStock3,789,4953,234,236−555,259−14.7%$1.65B0.10%
CBCHUBB LIMITED COMStock5,337,5675,158,213−179,354−3.4%$1.61B0.10%
ISHARES INC46434G822MSCI JAPAN ETF20,221,60419,577,080−644,524−3.2%$1.58B0.09%
EMREMERSON ELEC CO COMStock12,037,26111,806,049−231,212−1.9%$1.57B0.09%
COPCONOCOPHILLIPS COMStock17,221,45516,709,645−511,810−3.0%$1.56B0.09%
ROPROPER TECHNOLOGIES INC COMStock3,910,2753,376,267−534,008−13.7%$1.5B0.09%
DELLDELL TECHNOLOGIES INC CL CStock12,040,81811,883,657−157,161−1.3%$1.5B0.09%
MARMARRIOTT INTL INC NEW CL AStock4,855,1644,793,465−61,699−1.3%$1.49B0.09%
WMWASTE MGMT INC DEL COMStock7,622,0986,671,652−950,446−12.5%$1.47B0.09%
ORLYOREILLY AUTOMOTIVE INC COMStock16,626,10815,899,133−726,975−4.4%$1.45B0.09%
DUKDUKE ENERGY CORP NEW COM NEWStock12,451,83412,340,630−111,204−0.9%$1.45B0.09%

Sold out (476)

Held at the end of Q3 2025, gone by the end of Q4 2025.

Showing the largest 100 of 476 by value.

MORGAN STANLEY: positions sold out in Q4 2025
SecurityClassShares, Q3 2025Value, Q3 2025% of portfolio, Q3 2025
ULUNILEVER PLCSPON ADR NEW9,642,607$571.61M0.03%
TTETOTAL SESPONSORED ADS7,392,325$441.25M0.03%
MR COOPER GROUP INC62482R107COM1,480,850$312.15M0.02%
KELLANOVA COM487836108Stock3,328,086$272.97M0.02%
LLYVKLIBERTY MEDIA CORP DELCOM LBTY LIV S C2,041,644$197.98M0.01%
VERONA PHARMA PLC925050106SPONSORED ADS1,575,904$168.16M0.01%
INTERPUBLIC GROUP COS INC460690100COM5,706,326$159.26M0.01%
LLYVALIBERTY MEDIA CORP DELCOM LBTY LIV S A1,153,034$108.73M0.01%
SPIRIT AEROSYSTEMS HLDGS INC848574109COM CL A2,631,343$101.57M0.01%
ISHARES TR46436E866IBONDS 25 TRM TS3,637,216$84.98M0.01%
EXCHANGE TRADED CONCEPTS TRU301505624BITWISE CRYPTO3,318,015$83.18M0.01%
ISHARES IBONDS DEC 2025 TERM CORPORATE ETF46434VBD1ETF3,212,382$80.92M0.00%
INVESCO EXCH TRD SLF IDX FD46138J825BULSHS 2025 CB3,677,391$76.09M0.00%
INFORMATICA INC45674M101COM CL A2,967,701$73.72M0.00%
WNS HLDGS LTDG98196101COM SHS894,932$68.26M0.00%
ARIS WATER SOLUTIONS INC04041L106CLASS A COM2,032,046$50.11M0.00%
PREMIER INC74051N102CL A1,704,666$47.39M0.00%
CWKCUSHMAN WAKEFIELD PLCSHS2,390,881$38.06M0.00%
TIDAL TR II88636R123DEFIANCE DT 2X L975,000$37.89M0.00%
ALLETE INC018522300COM NEW421,392$27.98M0.00%
LXPLEXINGTON REALTY TRUSTCOM2,895,207$25.94M0.00%
VERINT SYS INC92343X100COM1,259,933$25.51M0.00%
INVESCO EXCH TRD SLF IDX FD46138J817BULSHS 2025 HY966,503$22.29M0.00%
ZEEKR INTELLIGENT TECHNOLOGY98923K103SPON ADS699,802$21.33M0.00%
VERITEX HLDGS INC923451108COM618,826$20.75M0.00%
HANESBRANDS INC410345102COM3,104,104$20.46M0.00%
SAPIENS INTL CORP N VG7T16G103SHS453,280$19.49M0.00%
METALS ACQUISITION LIMITEDG60409110ORD SHS1,540,424$18.81M0.00%
LNWOSCIENTIFIC GAMES CORPCOM221,943$18.63M0.00%
ISHARES IBONDS 2025 TERM HIGH YIELD & INCOME ETF46435U168ETF793,424$18.42M0.00%
THE ODP CORP88337F105COM603,221$16.8M0.00%
JPMORGAN BETABUILDERS EM EQT46654Q807BETABUILDERS EME260,672$16.5M0.00%
PGIM ETF TR69344A750PGIM CORP BD 0 5325,000$16.42M0.00%
AKERO THERAPEUTICS INC00973Y108COM339,922$16.14M0.00%
ZIMVIE INC COM98888T107Stock826,452$15.65M0.00%
STEELCASE INC858155203CL A774,769$13.33M0.00%
UBER TECHNOLOGIES INC90353TAJ9NOTE 12/1–$13.12M0.00%
TOURMALINE BIO INC89157D105COM252,093$12.06M0.00%
VIMEO INC92719V100COMMON STOCK1,539,529$11.93M0.00%
LAREDO PETROLEUM INC516806205COM673,074$11.37M0.00%
COPEL-ADR20441B605ADR1,102,280$10.8M0.00%
HEIDRICK & STRUGGLES INTL IN422819102COM213,848$10.64M0.00%
SPIRIT AEROSYSTEMS INC85205TAQ3NOTE 3.250%11/0–$10.31M0.00%
CANTOR EQUITY PARTNERS INCG4491L104SHS CL A447,071$10.01M0.00%
SURMODICS INC868873100COM320,037$9.57M0.00%
SCPHARMACEUTICALS INC810648105COM1,672,825$9.48M0.00%
PINDUODUO INC722304AC6NOTE 12/0–$9.47M0.00%
PROS HOLDINGS INC74346Y103COM377,087$8.64M0.00%
MERUS N VN5749R100COM88,195$8.3M0.00%
SANDSTORM GOLD LTD COM NEW80013R206Stock656,201$8.22M0.00%
MRC GLOBAL INC55345K103COM560,217$8.08M0.00%
SOUTHERN CO842587DP9NOTE 3.875%12/1–$7.88M0.00%
UVXYPROSHARES TR IIULTRA VIX SHORT705,856$7.37M0.00%
AVIDXCHANGE HOLDINGS INC05368X102COM728,603$7.25M0.00%
ISHARES TR46435U432IBONDS DEC 25266,500$7.14M0.00%
HPPHUDSON PAC PPTYS INCCOM2,444,660$6.75M0.00%
89BIO INC282559103COM444,767$6.54M0.00%
ALLIANT ENERGY CORP018802AC2NOTE 3.875% 3/1–$6.25M0.00%
TORTOISE ESSENT ASSTS INC27901F109Closed-End Fund489,722$5.76M0.00%
POTBELLY CORP73754Y100COM333,313$5.68M0.00%
PARAMOUNT GROUP INC69924R108COM833,189$5.45M0.00%
BERRY CORP08579X101COM1,435,697$5.43M0.00%
DECDIVERSIFIED ENERGY COMPANY PSHS NEW371,669$5.21M0.00%
INTEGRAL AD SCIENCE HLDNG CO45828L108COM491,740$5M0.00%
INVESCO EXCH TRD SLF IDX FD46138J528BULSHS 2025 MUNI198,764$4.87M0.00%
METSERA INC59267L107COM92,938$4.86M0.00%
TLRYTILRAY INCCOM CL 22,526,657$4.37M0.00%
EMX RTY CORP26873J107COM835,752$4.3M0.00%
BILL COM HLDGS INC090043AB6NOTE 12/0–$4.24M0.00%
BEBLOOM ENERGY CORPNOTE 3.000% 6/0–$4.06M0.00%
SHOPIFY INC82509LAA5NOTE 0.125%11/0–$3.63M0.00%
EATON VANCE CALIF MUN BD FD27828A100COM354,954$3.37M0.00%
CENTRAIS ELETRICAS BRASILEIR15234Q108SPON ADR PFD B317,882$3.29M0.00%
SEAGATE HDD CAYMAN81180WBL4NOTE 3.500% 6/0–$2.79M0.00%
FIRSTENERGY CORP337932AR8NOTE 4.000% 5/0–$2.6M0.00%
CHINA FD INC169373107COM138,169$2.55M0.00%
HARBORONE BANCORP INC NEW41165Y100COM NEW174,079$2.37M0.00%
JRVRJAMES RIV GROUP LTDCOM419,414$2.33M0.00%
NORTHERN FDS665162194TAX-EXEMPT BD40,000$2.05M0.00%
NORTHERN FDS665162210INTERMEDIATE TAX40,000$2.03M0.00%
NORTHERN FDS665162228SHORT-TERM TAX40,000$2.01M0.00%
MERIDIANLINK INC58985J105COMMON STOCK91,791$1.83M0.00%
HCM II ACQUISITION CORPG43658122*W EXP 99/99/999283,078$1.7M0.00%
INTELLIGENT SYS CORP NEW45816D100COM57,170$1.54M0.00%
SEMTECH CORP816850AH4NOTE 4.000%11/0–$1.42M0.00%
PHDPIONEER FLOATING RATE TRCOM137,192$1.37M0.00%
YIELDMAX MSTR OPTION INCOME STRATEGY ETF88634T493ETF96,577$1.35M0.00%
INNOVATOR ETFS TRUST45782C748US EQTY PWR BUF31,900$1.31M0.00%
PERFORMANT FINL CORP71377E105COM162,164$1.25M0.00%
LAZARD ACTIVE ETF TR52110K707US SYSTEMATIC SM50,000$1.25M0.00%
HCM II ACQUISITION CORPG43658106SHS CL A71,420$1.17M0.00%
PROSHARES TR74347G192ULTRAPRO SHT QQQ66,547$1.01M0.00%
NORTHERN FDS6651621862030 TAX-EXEMPT10,000$1M0.00%
DEXCOM INC252131AK3NOTE 0.250%11/1–$962.24K0.00%
PROVIDENT BANCORP INC74383L105COM NEW70,353$881.53K0.00%
Q2 HLDGS INC74736LAF6NOTE 0.125%11/1–$862.2K0.00%
IAFABERDEEN AUSTRALIA EQUITY FDCOM179,775$825.17K0.00%
EVOKE PHARMA INC30049G302COM159,358$792.01K0.00%
NTNXNUTANIX INCNOTE 0.250%10/0–$789.82K0.00%
NOGNORTHERN OIL & GAS INCNOTE 3.625% 4/1–$774.16K0.00%