Vault-13

MORGAN STANLEY PATHWAY FDS MSLC

LARGE CAP EQTY · ETP · CUSIP 61769L858

34 institutional holders +4 vs Q1 2026
47,564,87247.6m shares reported held*
$2.8bnreported value*
10 new 10 added 7 reduced 7 sold out net bought ≈ $3.3m (+56.8k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $58.70.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 24: 15Q1 25: 16Q2 25: 20Q3 25: 20Q4 25: 23Q1 26: 30Q2 26: 3434Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202415
Q1 202516
Q2 202520
Q3 202520
Q4 202523
Q1 202630
Q2 202634

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q1 25: 10 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 14 bought or addedQ2 25: 6 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 13 cut or sold outQ3 25Q4 25: 17 bought or addedQ4 25: 9 cut or sold outQ4 25Q1 26: 20 bought or addedQ1 26: 11 cut or sold outQ1 26Q2 26: 20 bought or addedQ2 26: 14 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2025109
Q2 2025146
Q3 2025813
Q4 2025179
Q1 20262011
Q2 20262014

Biggest buyers

CITADEL ADVISORS LLC New +44,446+44.4k
MORGAN STANLEY Added +40,139+40.1k
LEAVELL INVESTMENT MANAGEMENT, INC. New +15,043+15.0k
JANE STREET GROUP, LLC Added +8,421+8.4k
Savant Capital, LLC New +5,468+5.5k
StoneX Group Inc. New +5,197+5.2k
Mariner, LLC New +4,450+4.5k
Wedmont Private Capital New +3,377+3.4k
WELLS FARGO & COMPANY/MN Added +3,274+3.3k
LPL Financial LLC Added +1,932+1.9k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -62,049-62.0k
Creative Planning Sold out -9,802-9.8k
ROYAL BANK OF CANADA Reduced -2,901-2.9k
Truvestments Capital LLC Sold out -1,755-1.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -816-816
RAYMOND JAMES FINANCIAL INC Reduced -630-630
ENVESTNET ASSET MANAGEMENT INC Reduced -543-543
FIFTH THIRD BANCORP Reduced -265-265
Larson Financial Group LLC Sold out -256-256
Western Wealth Management, LLC Reduced -181-181

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.15% of their portfolio NEW YORK, NY 47,320,63247.3m $2.8bn $2.8bn 0.15% Added +40.1k +40,139
2 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 57,51257.5k $3.4m $3.4m 0.01% Reduced -265 -265
3 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,44644.4k $2.6m $2.6m 0.00% New
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,65919.7k $1.2m $1.2m 0.00% Added +1.9k +1,932
5 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 17,34217.3k $1.0m $1.0m 0.00% Added +26 +26
6 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,42015.4k $905.2k $905.2k 0.00% Added +8.4k +8,421
7 LEAVELL INVESTMENT MANAGEMENT, INC. 0.03% of their portfolio MOBILE, AL 15,04315.0k $883.0k $883.0k 0.03% New
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,9118.9k $523.1k $523.1k 0.00% Reduced -630 -630
9 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,5606.6k $385.1k $385.1k 0.00% Reduced -543 -543
10 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 5,9395.9k $348.6k $348.6k 0.01% Reduced -181 -181
11 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 5,4685.5k $302.2k $302.2k 0.00% New
12 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 5,3985.4k $316.9k $316.9k 0.00% Added +1.4k +1,425
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,2345.2k $307.2k $307.2k 0.00% Reduced -816 -816
14 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 5,1975.2k $303.6k $303.6k 0.01% New
15 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 4,9805.0k $292.3k $292.3k 0.00% Added +53 +53
16 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 4,5204.5k $264.0k $264.0k 0.01% Unchanged
17 Mariner, LLC 0.00% of their portfolio Overland Park, KS 4,4504.5k $261.2k $261.2k 0.00% New
18 Wedmont Private Capital 0.01% of their portfolio WEST CHESTER, PA 3,3773.4k $200.8k $200.8k 0.01% New
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,3643.4k $197.5k $197.5k 0.00% Added +3.3k +3,274
20 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,3203.3k $194.9k $194.9k 0.00% Unchanged
21 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,3001.3k $76.3k $76.3k 0.00% Added +1.2k +1,167
22 Aventura Private Wealth, LLC 0.02% of their portfolio AVENTURA, FL 1,2771.3k $75.0k $75.0k 0.02% Unchanged
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,2411.2k $72.8k $72.8k 0.00% Added +314 +314
24 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,0891.1k $63.9k $63.9k 0.00% New
25 VANGUARD ADVISERS INC 0.00% of their portfolio Malvern, PA 955955 $56.1k $56.1k 0.00% Added +127 +127
26 TRUST CO OF VERMONT 0.00% of their portfolio BRATTLEBORO, VT 507507 $29.8k $29.8k 0.00% First filing
27 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 426426 $25.0k $25.0k 0.00% Unchanged
28 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 314314 $18.4k $18.4k 0.00% Reduced -43 -43
29 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 294294 $17.3k $17.3k 0.00% New
30 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 283283 $16.6k $16.6k 0.00% Unchanged
31 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 156156 $9.2k $9.2k 0.00% New
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 130130 $8.0k $8.0k 0.00% Reduced -2.9k -2,901
33 Sarver Vrooman Wealth Advisors 0.00% of their portfolio KANSAS CITY, MO 7979 $4.7k $4.7k 0.00% Unchanged
34 Buck Wealth Strategies, LLC 0.00% of their portfolio DENVER, CO 4949 $2.9k $2.9k 0.00% New