MS
Morgan Stanley — 13F Filings Deep Dive
Morgan StanleyDiversified strategyLong-term holderMomentum follower
Total reported value
$1.7T
Reporting period: 2026-03-31 · Number of holdings: 45985
MORGAN STANLEY disclosed 45985 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.7T and a quarterly turnover rate of 15.9%.
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Personality snowflake
- Concentration
- 2.83
- Portfolio Stability
- 15.91
- Momentum/Contrarian
- 66.9
- Sector conviction
- 59.44
- Diversification
- 100
- Sizing Uniformity
- 24.13
Recent moves
Trim MSFT
+3.0% -$12.4B
Add SPY
+38.1% $6.3B
Add XOM
-3.7% $3.2B
Add IWM
+73.8% $3.2B
Trim GOOGL
-0.7% -$3.3B
Trim META
+1.4% -$3.0B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
MORGAN STANLEY is systematically exiting active stock selection and rotating into index vehicles — the additions to SPY, IWM, and QQQ alongside trims of GOOGL and LLY reveal a deliberate shift from alpha-hunting to beta-capture. With 8,287 holdings and an HHI of 0.007, this is capital preservation, not conviction: they are fortifying a defensive position against regime uncertainty by hugging market weights.
Macro & Fundamentals
The ETF accumulation across large-cap (SPY, QQQ) and small-cap (IWM) signals a bet on continued U.S. economic expansion with no recession or inflation shock — a steady-growth regime where sector dispersion remains low. The opposing thesis is that this passive pivot is a lagging crowd trade: once the market factor turns, the entire portfolio becomes a reflexivity trap, forced selling into falling liquidity.
Blind Spots / Risks
The 8,287-position facade masks a massive, uncontrolled factor exposure: 36.6% in Information Technology and a momentum tilt that, while faint (0.017 pct pts), is fully unhedged. With position-sizing discipline near zero (24.13), they have no mechanism to cut winners or losers — this is a factor-crowded trade dressed as diversification, uniquely vulnerable to a multiple-compression event in the very mega-cap growth names they proxy.
The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 8287 holdings (of 45985 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 3.74% | — | +6.07% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 3.60% | — | +5.94% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 2.79% | -0.71% | +3.02% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.18% | -0.05% | +7.64% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.10% | -0.18% | -0.69% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.59% | +0.40% | +38.12% | |
| 7 | AVGO | Broadcom INC | Stock-Tech | 1.42% | -0.09% | +4.07% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.31% | -0.17% | +1.40% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.24% | -0.11% | -0.24% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.21% | -0.07% | +3.25% | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.92% | -0.06% | -2.69% | |
| 12 | TSLA | Tesla INC | Stock-Consumer Disc | 0.88% | -0.08% | +9.49% | |
| 13 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.88% | — | -0.82% | |
| 14 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.86% | -0.14% | -1.00% | |
| 15 | V | Visa Inc-class A Shares | Stock-Financials | 0.84% | -0.14% | -1.88% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.78% | — | +2.19% | |
| 17 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.76% | — | +7.70% | |
| 18 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.75% | +0.16% | +34.25% | |
| 19 | XOM | Exxon Mobil CORP | Stock-Energy | 0.73% | +0.20% | -3.68% | |
| 20 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.66% | +0.09% | -3.46% | |
| 21 | WMT | Walmart INC | Stock-Consumer Staples | 0.64% | +0.08% | +1.94% | |
| 22 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.59% | +0.10% | +3.94% | |
| 23 | NFLX | Netflix INC | Stock-Comm Services | 0.57% | +0.09% | +16.01% | |
| 24 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.57% | — | +0.26% | |
| 25 | BND | Vanguard Total Bond Market | ETF-Other | 0.55% | — | +0.07% | |
| 26 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.54% | — | +6.46% | |
| 27 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.53% | +0.12% | +22.83% | |
| 28 | ABBV | Abbvie INC | Stock-Healthcare | 0.50% | — | -5.06% | |
| 29 | CVX | Chevron CORP | Stock-Energy | 0.46% | +0.13% | +1.49% | |
| 30 | MA | Mastercard INC - A | Stock-Financials | 0.46% | -0.09% | -5.51% | |
| 31 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.44% | +0.19% | +73.83% | |
| 32 | HD | Home Depot INC | Stock-Consumer Disc | 0.44% | — | +1.16% | |
| 33 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.43% | — | +0.80% | |
| 34 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.42% | — | -1.40% | |
| 35 | VTV | Vanguard Value ETF | ETF-Other | 0.40% | — | +1.43% | |
| 36 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.39% | — | +8.96% | |
| 37 | VUG | Vanguard Growth ETF | ETF-Other | 0.39% | — | +3.32% | |
| 38 | CSCO | Cisco Systems INC | Stock-Tech | 0.36% | — | +3.19% | |
| 39 | NEE | Nextera Energy INC | Stock-Utilities | 0.36% | — | -1.40% | |
| 40 | CRM | Salesforce INC | Stock-Tech | 0.36% | — | +66.63% | |
| 41 | RTX | Rtx CORP | Stock-Industrials | 0.35% | — | +1.14% | |
| 42 | GS | Goldman Sachs Group INC | Stock-Financials | 0.35% | — | -8.66% | |
| 43 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.35% | +0.07% | +5.98% | |
| 44 | MU | Micron Technology INC | Stock-Tech | 0.34% | +0.06% | +2.72% | |
| 45 | AMGN | Amgen INC | Stock-Healthcare | 0.34% | — | +0.58% | |
| 46 | GEV | GE Vernova INC | Stock-Industrials | 0.33% | +0.10% | +5.21% | |
| 47 | UBER | Uber Technologies INC | Stock-Industrials | 0.33% | -0.06% | -3.90% | |
| 48 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.33% | — | -6.49% | |
| 49 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.32% | -0.09% | -8.67% | |
| 50 | CAT | Caterpillar INC | Stock-Industrials | 0.32% | +0.08% | +6.00% |
1–50 of 8,287
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+19.1%
Based on 77% of reported portfolio value with available pricing
- Stdev
- +10.9%
- Beta
- +0.73
- Alpha
- -2%
- Max Drawdown
- -7.4%
- Annualized Perf
- +11.3%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.04
- Stutzer
- +0.31
- Treynor
- +0.16
- Sterling
- +0.73
- Calmar
- +1.53
- Information Ratio
- -1.11
- Tracking Error
- +6.4%
- Stdev Down
- +5.6%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +30%
- Worst 12 Months
- +1.8%
- Efficiency Ratio
- +0.42
- Sharpe
- +1.04
- Stdev Sectors
- +9.9%
- Skewness
- +0.33
- Kurtosis
- +0.49
- Upside Potential
- +3.76
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 45985 | $1.7T | 16 | |
| 2025-12-31 | 45419 | $1.7T | 13 | |
| 2025-09-30 | 45054 | $1.7T | 24 | |
| 2025-06-30 | 44865 | $1.5T | 0 | |
| 2025-03-31 | 44800 | $1.4T | 14 | |
| 2024-12-31 | 44603 | $1.4T | 16 | |
| 2024-09-30 | 44789 | $1.4T | 13 | |
| 2024-06-30 | 47058 | $1.3T | 100 | |
| 2024-03-31 | 46944 | $1.2T | 0 | |
| 2023-12-31 | 44908 | $1.1T | 0 | |
| 2023-09-30 | 43247 | $983.4B | 0 | |
| 2023-06-30 | 42924 | $1.0T | 0 | |
| 2023-03-31 | 44083 | $932.6B | 0 | |
| 2022-12-31 | 43935 | $880.5B | 0 | |
| 2022-09-30 | 40774 | $733.7B | 0 | |
| 2022-06-30 | 41595 | $770.4B | 0 | |
| 2022-03-31 | 32358 | $741.5B | 0 | |
| 2021-12-31 | 33624 | $809.9B | 0 | |
| 2021-09-30 | 33150 | $742.5B | 0 | |
| 2021-06-30 | 31178 | $758.1B | 20 | |
| 2021-03-31 | 26544 | $680.8B | 19 | |
| 2020-12-31 | 24833 | $647.5B | 29 | |
| 2020-09-30 | 22043 | $517.0B | 21 | |
| 2020-06-30 | 22606 | $451.8B | 29 | |
| 2020-03-31 | 22891 | $368.0B | 32 | |
| 2019-12-31 | 22495 | $430.0B | 22 | |
| 2019-09-30 | 22789 | $377.8B | 16 | |
| 2019-06-30 | 21898 | $375.7B | 20 | |
| 2019-03-31 | 22379 | $353.3B | 24 | |
| 2018-12-31 | 22744 | $334.2B | 28 | |
| 2018-09-30 | 27246 | $399.5B | 21 | |
| 2018-06-30 | 26140 | $370.1B | 24 | |
| 2018-03-31 | 25821 | $360.3B | 21 | |
| 2017-12-31 | 25517 | $365.3B | 22 | |
| 2017-09-30 | 24627 | $333.9B | 22 | |
| 2017-06-30 | 25726 | $331.0B | 20 | |
| 2017-03-31 | 24451 | $325.4B | 24 | |
| 2016-12-31 | 24087 | $305.5B | 27 | |
| 2016-09-30 | 24966 | $292.8B | 22 | |
| 2016-06-30 | 24731 | $276.9B | 24 | |
| 2016-03-31 | 26094 | $259.9B | 25 | |
| 2015-12-31 | 25860 | $276.3B | 28 | |
| 2015-09-30 | 24486 | $270.6B | 30 | |
| 2015-06-30 | 24396 | $288.5B | 23 | |
| 2015-03-31 | 24637 | $271.5B | 22 | |
| 2014-12-31 | 24369 | $273.5B | 25 | |
| 2014-09-30 | 24053 | $260.1B | 20 | |
| 2014-06-30 | 25831 | $255.2B | 21 | |
| 2014-03-31 | 24788 | $238.8B | 22 | |
| 2013-12-31 | 24564 | $235.1B | 26 | |
| 2013-09-30 | 25861 | $211.6B | 23 | |
| 2013-06-30 | 25129 | $198.2B | 0 |
Holding changes this quarter
Morgan Stanley's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Add: Microsoft CORP (MSFT) — shares +3.02%; Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +38.12%; Trim: Exxon Mobil CORP (XOM) — shares -3.68%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | +38.12% | Add |
| 2 | XOM | Exxon Mobil CORP | +0.2% | -3.68% | Trim |
| 3 | IWM | Ishares Russell 2000 ETF | +0.2% | +73.83% | Add |
| 4 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +34.25% | Add |
| 5 | CVX | Chevron CORP | +0.1% | +1.49% | Add |
| 6 | IEMG | Ishares Core Msci Emerging | +0.1% | +22.83% | Add |
| 7 | COST | Costco Wholesale CORP | +0.1% | +3.94% | Add |
| 8 | GEV | GE Vernova INC | +0.1% | +5.21% | Add |
| 9 | NFLX | Netflix INC | +0.1% | +16.01% | Add |
| 10 | JNJ | Johnson & Johnson | +0.1% | -3.46% | Trim |
| 11 | WMT | Walmart INC | +0.1% | +1.94% | Add |
| 12 | CAT | Caterpillar INC | +0.1% | +6.00% | Add |
| 13 | SMH | Vaneck Semiconductor ETF | +0.1% | +105.56% | Add |
| 14 | SNDK | Sandisk CORP | +0.1% | -4.41% | Trim |
| 15 | MRK | Merck & Co. INC. | +0.1% | +5.98% | Add |
| 16 | AMAT | Applied Materials INC | +0.1% | +3.25% | Add |
| 17 | VZ | Verizon Communications INC | +0.1% | +13.96% | Add |
| 18 | MU | Micron Technology INC | +0.1% | +2.72% | Add |
| 19 | AMZN | Amazon.com INC | -0.1% | +7.64% | Add |
| 20 | BKNG | Booking Holdings INC | -0.1% | -9.55% | Trim |
| 21 | INTU | Intuit INC | -0.1% | +11.53% | Add |
| 22 | IVV | Ishares Core S&p 500 ETF | -0.1% | -2.69% | Trim |
| 23 | NOW | Servicenow INC | -0.1% | +2.70% | Add |
| 24 | UBER | Uber Technologies INC | -0.1% | -3.90% | Trim |
| 25 | AXP | American Express Co | -0.1% | -2.96% | Trim |
| 26 | ORCL | Oracle CORP | -0.1% | +7.40% | Add |
| 27 | SPGI | S&p Global INC | -0.1% | -5.10% | Trim |
| 28 | ROP | Roper Technologies INC | -0.1% | -52.98% | Trim |
| 29 | BX | Blackstone INC | -0.1% | -1.12% | Trim |
| 30 | SHOP | Shopify INC - Class A | -0.1% | -6.61% | Trim |
| 31 | JPM | Jpmorgan Chase & Co | -0.1% | +3.25% | Add |
| 32 | UNH | Unitedhealth Group INC | -0.1% | -5.23% | Trim |
| 33 | SPYM | Ste Str Spdr Pt S&p 500 ETF | -0.1% | -44.10% | Trim |
| 34 | AJG | Arthur J Gallagher & Co | -0.1% | -47.82% | Trim |
| 35 | TSLA | Tesla INC | -0.1% | +9.49% | Add |
| 36 | ABT | Abbott Laboratories | -0.1% | -18.04% | Trim |
| 37 | ADP | Automatic Data Processing | -0.1% | -38.21% | Trim |
| 38 | AVGO | Broadcom INC | -0.1% | +4.07% | Add |
| 39 | MA | Mastercard INC - A | -0.1% | -5.51% | Trim |
| 40 | TMO | Thermo Fisher Scientific INC | -0.1% | -8.67% | Trim |
| 41 | APP | Applovin Corp-class A | -0.1% | +0.78% | Add |
| 42 | GOOG | Alphabet Inc-cl C | -0.1% | -0.24% | Trim |
| 43 | DASH | Doordash INC - A | -0.1% | -17.29% | Trim |
| 44 | LLY | Eli Lilly & Co | -0.1% | -1.00% | Trim |
| 45 | V | Visa Inc-class A Shares | -0.1% | -1.88% | Trim |
| 46 | META | Meta Platforms Inc-class A | -0.2% | +1.40% | Add |
| 47 | GOOGL | Alphabet Inc-cl A | -0.2% | -0.69% | Trim |
| 48 | MSFT | Microsoft CORP | -0.7% | +3.02% | Add |
| 49 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
FAQ
What is Morgan Stanley and what type of investor is it?
Morgan Stanley is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.7T, spread across 45985 disclosed positions.
What are Morgan Stanley's largest equity positions?
Based on the latest 13F filing, Morgan Stanley's top holdings by market value are:
1. Apple INC (AAPL) — $62.0B (3.7%)
2. Nvidia CORP (NVDA) — $59.8B (3.6%)
3. Microsoft CORP (MSFT) — $46.2B (2.8%)
4. Amazon.com INC (AMZN) — $36.2B (2.2%)
5. Alphabet Inc-cl A (GOOGL) — $34.8B (2.1%)
What changes did Morgan Stanley make in its most recent portfolio filing?
In the latest reported quarter, Morgan Stanley made 50 notable position adjustments: 1 new positions were initiated, 25 existing holdings were added to, 23 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Add: Microsoft CORP (MSFT) — shares +3.02%; Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +38.12%; Trim: Exxon Mobil CORP (XOM) — shares -3.68%
What sectors does Morgan Stanley focus on?
Morgan Stanley is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.6%
• Communication Services: 13.4%
• Financials: 12.2%
• Consumer Discretionary: 11.2%
• Health Care: 10.5%
• Industrials: 5.9%
Peer Institutions
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GC
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Sector conviction48.4
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JC
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VP
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Similar Holdings Style
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AD
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FR
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NT
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