MORGAN STANLEY MS
COM NEW · Common Stock · CUSIP 617446448 · ISIN US6174464486
U.S. investment bank
- SectorFinancials
- IndustrySecurity Brokers, Dealers & Flotation Companies
- HeadquartersNew York, NY
- Founded1924
- Websitemorganstanley.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($405.1m this quarter). Holder counts are more reliable. Shares outstanding: 1.6bn as of 2025-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $158.90. Options: 58 managers hold calls ($2.8bn notional), 68 hold puts ($4.8bn).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,587 |
| Q4 2022 | 1,680 |
| Q1 2023 | 1,673 |
| Q2 2023 | 1,689 |
| Q3 2023 | 1,673 |
| Q4 2023 | 1,762 |
| Q1 2024 | 1,798 |
| Q2 2024 | 1,828 |
| Q3 2024 | 1,874 |
| Q4 2024 | 2,116 |
| Q1 2025 | 2,104 |
| Q2 2025 | 2,209 |
| Q3 2025 | 2,265 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 738 | 838 |
| Q1 2024 | 834 | 796 |
| Q2 2024 | 882 | 766 |
| Q3 2024 | 912 | 766 |
| Q4 2024 | 910 | 874 |
| Q1 2025 | 1,033 | 908 |
| Q2 2025 | 1,115 | 884 |
| Q3 2025 | 1,058 | 926 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $2.9bn | $4.6bn | 1.61 |
| Q1 2025 | $2.0bn | $3.9bn | 1.98 |
| Q2 2025 | $2.7bn | $4.2bn | 1.53 |
| Q3 2025 | $2.8bn | $4.8bn | 1.73 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +35.7m |
| FMR LLC | Added | +4.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.0m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +1.5m |
| BARCLAYS PLC | Added | +1.1m |
| Junto Capital Management LP | New | +1.1m |
| TWO SIGMA ADVISERS, LP | Added | +1.0m |
| 1832 Asset Management L.P. | Added | +995.0k |
| MARSHALL WACE, LLP | Added | +841.3k |
| AMERIPRISE FINANCIAL INC | Added | +822.1k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -10.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -2.1m |
| FEDERATED HERMES, INC. | Reduced | -1.4m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.3m |
| BlackRock, Inc. | Reduced | -1.3m |
| Rokos Capital Management LLP | Reduced | -1.2m |
| Alphinity Investment Management Pty Ltd | Reduced | -1.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -909.4k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -892.2k |
| STATE STREET CORP | Reduced | -809.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $594.0m3.7m shares |
| CITADEL ADVISORS LLC | Reduced | $386.1m2.4m shares |
| UBS Group AG | Added | $314.4m2.0m shares |
| JANE STREET GROUP, LLC | Added | $227.6m1.4m shares |
| WOLVERINE TRADING, LLC | Added | $136.5m847.0k shares |
| ROYAL BANK OF CANADA | Added | $135.8m854.5k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $109.9m691.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $78.7m495.4k shares |
| CITIGROUP INC | Reduced | $77.4m487.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $73.3m4.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $649.9m4.1m shares |
| JANE STREET GROUP, LLC | Added | $533.7m3.4m shares |
| CITADEL ADVISORS LLC | Added | $464.7m2.9m shares |
| UBS Group AG | Added | $386.5m2.4m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $355.7m2.2m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $244.7m15.4k shares |
| JPMORGAN CHASE & CO | Added | $232.4m1.5m shares |
| Optiver Holding B.V. | Reduced | $195.3m1.2m shares |
| SIMPLEX TRADING, LLC | Added | $155.1m975.9k shares |
| IMC-Chicago, LLC | Reduced | $129.5m814.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
MITSUBISHI UFJ FINANCIAL GROUP INC
13D · may seek influence
+0.2 pts · filed 2026-07-15
Stated purposeOn April 18, 2018, MUFG entered into a sales plan (the "Plan") with the Company and Morgan Stanley & Co. LLC ("MS & Co.") to sell shares of Common Stock to the Company, through its agent MS & Co., as part of the Company's share repurchase program. The Plan was filed as Exhibit 20 to the thirteenth amendment to the Schedule 13D. On December 10, 2020, the Company provided written notice to MUFG pursuant to Paragraph F.2(i) of the Plan to suspend the Plan effective immediately. On July 15, 2026, MUFG provided written notice to the Company that Sales (as defined in the Plan) shall resume with July 30, 2026 as the first Sale Day. Full filing |
24.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 4 | $27.2m | — |
| Q2 2024 | 0 | — | 3 | $10.7m | — |
| Q3 2024 | 0 | — | 6 | $28.2m | — |
| Q4 2024 | 0 | — | 1 | $7.2m | — |
| Q1 2025 | 0 | — | 6 | $17.0m | — |
| Q2 2025 | 0 | — | 4 | $9.7m | — |
| Q3 2025 | 0 | — | 6 | $20.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-07-17 | SAPERSTEIN ANDREW M Co-President · By Grantor Retained Annuity Trust | Sold | $6.1m43.6k shares |
| 2025-07-17 | SIMKOWITZ DANIEL A Co-President | Sold | $4.1m29.0k shares |
| 2025-07-17 | YESHAYA SHARON Chief Financial Officer · By LLC on behalf of Trust | Sold | $3.6m25.6k shares |
| 2025-07-17 | SMITH CHARLES A Chief Risk Officer | Sold | $2.8m20.0k shares |
| 2025-07-17 | Pizzi Michael A. Head Technology & Operations | Sold | $2.5m18.0k shares |
| 2025-07-17 | GROSSMAN ERIC F Chief Legal/Admin Officer | Sold | $1.7m12.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| MITSUBISHI UFJ FINANCIAL GROUP INC 100.00% of their portfolio | 377.1m $59.9bn | Unchanged |
| VANGUARD GROUP INC 0.28% of their portfolio | 118.4m $18.8bn | Reduced -767.3k |
| STATE STREET CORP 0.57% of their portfolio | 103.3m $16.4bn | Reduced -809.4k |
| BlackRock, Inc. 0.26% of their portfolio | 93.7m $14.9bn | Reduced -1.3m |
| JPMORGAN CHASE & CO 0.38% of their portfolio | 74.8m $11.9bn | Added +35.7m |
| Capital International Investors 0.70% of their portfolio | 27.3m $4.3bn | Added +167.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.27% of their portfolio | 26.5m $4.2bn | Reduced -97.2k |
| FMR LLC 0.20% of their portfolio | 24.8m $3.9bn | Added +4.0m |
| Fisher Asset Management, LLC 1.41% of their portfolio | 24.5m $3.9bn | Added +449.0k |
| Capital Research Global Investors 0.57% of their portfolio | 19.2m $3.1bn | Reduced -135.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.52% of their portfolio | 18.7m $3.0bn | Reduced -391.3k |
| BANK OF AMERICA CORP /DE/ 0.20% of their portfolio | 16.8m $2.7bn | Reduced -232.5k |
| GOLDMAN SACHS GROUP INC 0.34% of their portfolio | 15.0m $2.4bn | Reduced -803.0k |
| AMERIPRISE FINANCIAL INC 0.52% of their portfolio | 14.3m $2.3bn | Added +822.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.66% of their portfolio | 13.5m $2.1bn | Reduced -256.9k |
| NORTHERN TRUST CORP 0.26% of their portfolio | 13.0m $2.1bn | Reduced -740.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.20% of their portfolio | 11.6m $1.8bn | Reduced -670.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.27% of their portfolio | 10.7m $1.7bn | Reduced -299.1k |
| UBS Group AG 0.32% of their portfolio | 10.3m $1.6bn | Reduced -788.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.21% of their portfolio | 9.7m $1.5bn | Added +354.9k |
| FRANKLIN RESOURCES INC 0.36% of their portfolio | 9.1m $1.4bn | Reduced -534.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.31% of their portfolio | 9.1m $1.4bn | Reduced -2.1m |
| Invesco Ltd. 0.23% of their portfolio | 9.1m $1.4bn | Added +249.0k |
| Bank of New York Mellon Corp 0.25% of their portfolio | 8.7m $1.4bn | Reduced -74.9k |
| Legal & General Group Plc 0.30% of their portfolio | 8.4m $1.3bn | Added +274.9k |
| DIMENSIONAL FUND ADVISORS LP 0.28% of their portfolio | 8.2m $1.3bn | Added +132.8k |
| ROYAL BANK OF CANADA 0.22% of their portfolio | 7.8m $1.2bn | Reduced -10.9m |
| BANK OF MONTREAL /CAN/ 0.43% of their portfolio | 6.4m $1.0bn | Added +9.8k |
| MORGAN STANLEY 0.06% of their portfolio | 6.2m $977.6m | Added +134.1k |
| Amundi 0.29% of their portfolio | 5.8m $911.9m | Reduced -75.8k |
| Nuveen, LLC 0.24% of their portfolio | 5.7m $899.7m | Added +167.0k |
| Capital World Investors 0.12% of their portfolio | 5.7m $899.4m | Added +14.8k |
| JANUS HENDERSON GROUP PLC 0.35% of their portfolio | 4.8m $761.3m | Reduced -679.8k |
| BARCLAYS PLC 0.25% of their portfolio | 4.2m $671.1m | Added +1.1m |
| Boston Partners 0.66% of their portfolio | 4.0m $640.1m | Added +163.8k |
| DEUTSCHE BANK AG\ 0.21% of their portfolio | 4.0m $637.5m | Reduced -573.5k |
| AXIOM INVESTORS LLC /DE 4.45% of their portfolio | 3.8m $604.7m | Added +544.7k |
| WELLS FARGO & COMPANY/MN 0.12% of their portfolio | 3.8m $598.4m | Reduced -342.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.49% of their portfolio | 3.8m $597.3m | Reduced -909.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.29% of their portfolio | 3.6m $579.9m | Reduced -373.2k |
| MILLENNIUM MANAGEMENT LLC 0.44% of their portfolio | 3.5m $559.9m | Added +3.0m |
| CITADEL ADVISORS LLC 0.44% of their portfolio | 3.5m $554.5m | Reduced -365.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.55% of their portfolio | 3.4m $548.3m | Reduced -20.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.41% of their portfolio | 3.3m $519.4m | Added +1.5m |
| Alphinity Investment Management Pty Ltd 4.88% of their portfolio | 3.1m $500.5m | Reduced -1.0m |
| HSBC HOLDINGS PLC 0.28% of their portfolio | 3.0m $469.3m | Reduced -411.0k |
| MARSHALL WACE, LLP 0.51% of their portfolio | 2.9m $466.3m | Added +841.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 2.9m $464.3m | Reduced -127.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.26% of their portfolio | 2.8m $443.4m | Reduced -49.9k |
| National Pension Service 0.33% of their portfolio | 2.7m $423.8m | Added +73.4k |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 2.5m $398.0m | Reduced -84.1k |
| PNC Financial Services Group, Inc. 0.24% of their portfolio | 2.4m $387.9m | Added +186.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.27% of their portfolio | 2.4m $379.2m | Added +68.5k |
| NEUBERGER BERMAN GROUP LLC 0.27% of their portfolio | 2.4m $374.8m | Added +64.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.26% of their portfolio | 2.3m $371.3m | Added +111.9k |
| LORD, ABBETT & CO. LLC 1.09% of their portfolio | 2.3m $365.4m | Added +3.6k |
| RHUMBLINE ADVISERS 0.29% of their portfolio | 2.2m $356.0m | Reduced -25.2k |
| CITIGROUP INC 0.24% of their portfolio | 2.2m $352.2m | Reduced -445.4k |
| FIL Ltd 0.26% of their portfolio | 2.1m $329.3m | Reduced -81.1k |
| California Public Employees Retirement System 0.20% of their portfolio | 2.1m $328.3m | Added +17.4k |
| Allianz Asset Management GmbH 0.40% of their portfolio | 2.0m $322.4m | Added +382.7k |
| RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio | 2.0m $320.2m | Reduced -233.6k |
| Ensign Peak Advisors, Inc 0.52% of their portfolio | 2.0m $314.0m | Reduced -20.2k |
| LPL Financial LLC 0.09% of their portfolio | 1.9m $309.0m | Reduced -73.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 1.10% of their portfolio | 1.9m $298.1m | Added +40.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.30% of their portfolio | 1.9m $295.1m | Added +1.4k |
| Fayez Sarofim & Co 0.66% of their portfolio | 1.8m $286.7m | Reduced -40.2k |
| KBC Group NV 0.68% of their portfolio | 1.8m $282.3m | Reduced -23.5k |
| STIFEL FINANCIAL CORP 0.23% of their portfolio | 1.6m $255.8m | Added +4.8k |
| MACQUARIE GROUP LTD 0.29% of their portfolio | 1.6m $251.4m | Added +231.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.32% of their portfolio | 1.6m $249.6m | Added +57.6k |
| Cullen Capital Management, LLC 2.72% of their portfolio | 1.6m $248.4m | Reduced -73.4k |
| PRUDENTIAL FINANCIAL INC 0.29% of their portfolio | 1.5m $244.8m | Added +458.4k |
| FIFTH THIRD BANCORP 0.78% of their portfolio | 1.5m $243.4m | Added +18.3k |
| HighTower Advisors, LLC 0.27% of their portfolio | 1.5m $238.9m | Added +62.8k |
| Hamlin Capital Management, LLC 5.47% of their portfolio | 1.5m $240.6m | Reduced -14.7k |
| Squarepoint Ops LLC 0.50% of their portfolio | 1.5m $237.0m | Reduced -188.3k |
| BESSEMER GROUP INC 0.35% of their portfolio | 1.4m $225.7m | Added +10.5k |
| Qube Research & Technologies Ltd 0.30% of their portfolio | 1.3m $210.8m | Added +146.0k |
| Focused Investors LLC 6.33% of their portfolio | 1.3m $206.9m | Added +51.6k |
| Corient Private Wealth LP 0.32% of their portfolio | 1.3m $200.8m | Added +33.0k |
| CANADA LIFE ASSURANCE Co 0.29% of their portfolio | 1.3m $203.6m | Added +27.9k |
| Evercore Wealth Management, LLC 2.90% of their portfolio | 1.2m $197.8m | Reduced -17.8k |
| TWO SIGMA INVESTMENTS, LP 0.30% of their portfolio | 1.2m $196.3m | Added +741.7k |
| COMMERCE BANK 1.03% of their portfolio | 1.2m $185.3m | Reduced -9.2k |
| Aberdeen Group plc 0.28% of their portfolio | 1.1m $180.0m | Reduced -6.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.29% of their portfolio | 1.1m $176.9m | Reduced -74.0k |
| Junto Capital Management LP 3.56% of their portfolio | 1.1m $170.0m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.30% of their portfolio | 1.1m $168.8m | Reduced -74.1k |
| NATIXIS ADVISORS, LLC 0.24% of their portfolio | 1.1m $167.7m | Reduced -23.5k |
| D. E. Shaw & Co., Inc. 0.13% of their portfolio | 1.0m $165.9m | Added +748.5k |
| TWO SIGMA ADVISERS, LP 0.33% of their portfolio | 1.0m $162.7m | Added +1.0m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.32% of their portfolio | 1.0m $162.6m | Reduced -42.5k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 1.0m $161.1m | Reduced -82.0k |
| 1832 Asset Management L.P. 0.27% of their portfolio | 1.0m $159.0m | Added +995.0k |
| AVIVA PLC 0.29% of their portfolio | 999.9k $158.9m | Added +69.3k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.23% of their portfolio | 979.9k $152.8m | Reduced -2.4k |
| Clark Capital Management Group, Inc. 0.97% of their portfolio | 973.6k $154.8m | Added +98.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.24% of their portfolio | 964.2k $153.3m | Reduced -121.2k |
| Alecta Tjanstepension Omsesidigt 0.67% of their portfolio | 942.0k $149.7m | Unchanged |