Who owns MSDL (MSDL)
Which tracked institutional funds hold MSDL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MSDL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on MSDL is one-sided between 2025-Q4 and 2026-Q1: 14 added or opened and 48 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
MSDL’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes MSDL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in MSDL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 137 tracked filers holding MSDL, 73 increased or opened the position and 65 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in MSDL between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 6
- DG Capital Management, LLC$8M
- HighTower Advisors, LLC$4M
- ExodusPoint Capital Management, LP$2M
- STATE STREET CORP$2M
- HOURGLASS CAPITAL, LLC$679K
- Dynamic Technology Lab Private Ltd$510K
Full exits 8
- HRT FINANCIAL LP$6M
- Truffle Hound Capital, LLC$5M
- TWO SIGMA ADVISERS, LP$4M
- Schonfeld Strategic Advisors LLC$2M
- AlphaQuest LLC$890K
- MAI Capital Management$828K
Largest adds
- Russell Investments Group, Ltd.$6M
- ARES MANAGEMENT LLC$4M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$2M
- BALYASNY ASSET MANAGEMENT L.P.$1M
- XTX Topco Ltd$1M
- WELLS FARGO & COMPANY/MN$847K
Largest trims
- MORGAN STANLEY$40M
- VAN ECK ASSOCIATES CORP$10M
- Americana Partners, LLC$6M
- UBS Group AG$5M
- JANE STREET GROUP, LLC$5M
- Generali Asset Management SPA SGR$5M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 15,874,362 | $222M | 41.5% | 2026-Q1 |
| Generali Asset Management SPA SGR | 1,829,964 | $26M | 4.8% | 2026-Q1 |
| UBS Group AG trimmed | 1,596,596 | $22M | 4.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,433,977 | $20M | 3.7% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 1,052,351 | $15M | 2.7% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 889,349 | $12M | 2.3% | 2026-Q1 |
| Muzinich & Co., Inc. added | 767,802 | $11M | 2.0% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 721,949 | $10M | 1.9% | 2026-Q1 |
| Altshuler Shaham Ltd | 650,437 | $9M | 1.7% | 2026-Q1 |
| AMERICAN FINANCIAL GROUP INC added | 631,500 | $9M | 1.6% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 622,212 | $9M | 1.6% | 2026-Q1 |
| DG Capital Management, LLC new | 575,537 | $8M | 1.5% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. | 558,113 | $8M | 1.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 542,796 | $8M | 1.4% | 2026-Q1 |
| ARES MANAGEMENT LLC added | 412,000 | $6M | 1.1% | 2026-Q1 |
| Trexquant Investment LP trimmed | 409,326 | $6M | 1.1% | 2026-Q1 |
| TT Capital Management LLC added | 332,467 | $5M | 0.9% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 287,383 | $4M | 0.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 276,026 | $4M | 0.7% | 2026-Q1 |
| HighTower Advisors, LLC added | 265,284 | $4M | 0.7% | 2026-Q1 |
| Americana Partners, LLC trimmed | 257,184 | $4M | 0.7% | 2026-Q1 |
| Fosun International Ltd added | 240,374 | $3M | 0.6% | 2026-Q1 |
| SFMG, LLC trimmed | 208,725 | $3M | 0.5% | 2026-Q1 |
| Liberty Mutual Group Asset Management Inc. trimmed | 204,770 | $3M | 0.5% | 2026-Q1 |
| Activest Wealth Management added | 204,723 | $3M | 0.5% | 2026-Q1 |
| XTX Topco Ltd added | 191,913 | $3M | 0.5% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 186,811 | $3M | 0.5% | 2026-Q1 |
| Cullen/Frost Bankers, Inc. | 184,080 | $3M | 0.5% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 162,067 | $2M | 0.4% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 160,332 | $2M | 0.4% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 154,421 | $2M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 151,464 | $2M | 0.4% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 151,034 | $2M | 0.4% | 2026-Q1 |
| Naviter Wealth, LLC added | 140,627 | $2M | 0.4% | 2026-Q1 |
| GraniteShares Advisors LLC trimmed | 142,844 | $2M | 0.4% | 2026-Q1 |
| BI Asset Management Fondsmaeglerselskab A/S added | 133,731 | $2M | 0.3% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 116,753 | $2M | 0.3% | 2026-Q1 |
| Adams Asset Advisors, LLC added | 114,432 | $2M | 0.3% | 2026-Q1 |
| STATE STREET CORP new | 105,464 | $2M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 106,424 | $1M | 0.3% | 2026-Q1 |
| SHIKIAR ASSET MANAGEMENT INC trimmed | 104,600 | $1M | 0.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 101,429 | $1M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 93,114 | $1M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 88,847 | $1M | 0.2% | 2026-Q1 |
| Legacy Capital Wealth Partners, LLC added | 86,033 | $1M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 77,072 | $1M | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 75,048 | $1M | 0.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 70,951 | $990K | 0.2% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 67,321 | $940K | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 65,882 | $920K | 0.2% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 59,423 | $836K | 0.2% | 2026-Q1 |
| DENALI ADVISORS LLC trimmed | 57,757 | $806K | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 57,089 | $797K | 0.1% | 2026-Q1 |
| Aquatic Capital Management LLC trimmed | 55,780 | $779K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 53,782 | $751K | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 51,381 | $717K | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 49,695 | $694K | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 48,827 | $684K | 0.1% | 2026-Q1 |
| HOURGLASS CAPITAL, LLC new | 48,672 | $679K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 44,144 | $616K | 0.1% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. trimmed | 42,841 | $598K | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 36,974 | $516K | 0.1% | 2026-Q1 |
| Fiduciary Group, LLC added | 36,924 | $515K | 0.1% | 2026-Q1 |
| Dynamic Technology Lab Private Ltd added | 36,564 | $510K | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC added | 32,608 | $455K | 0.1% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 32,500 | $454K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 30,554 | $427K | 0.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 30,229 | $422K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 29,236 | $408K | 0.1% | 2026-Q1 |
| Entropy Technologies, LP trimmed | 28,732 | $401K | 0.1% | 2026-Q1 |
| Virtus Investment Advisers, LLC added | 28,292 | $395K | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP | 27,957 | $390K | 0.1% | 2026-Q1 |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC added | 26,001 | $363K | 0.1% | 2026-Q1 |
| TrueMark Investments, LLC added | 25,985 | $363K | 0.1% | 2026-Q1 |
| Marex Group plc trimmed | 25,000 | $349K | 0.1% | 2026-Q1 |
| NewGen Asset Management Ltd new | 24,300 | $339K | 0.1% | 2026-Q1 |
| Clearstead Advisors, LLC | 24,000 | $335K | 0.1% | 2026-Q1 |
| MARSHALL WACE, LLP added | 543,182 | $9M | 1.6% | 2025-Q3 stale |
| HRT FINANCIAL LP added | 394,241 | $6M | 1.2% | 2025-Q4 stale |
| Truffle Hound Capital, LLC new | 320,000 | $5M | 1.0% | 2025-Q4 stale |
| Cliffwater LLC trimmed | 242,195 | $5M | 0.9% | 2025-Q1 stale |
| TWO SIGMA ADVISERS, LP added | 249,400 | $4M | 0.8% | 2025-Q4 stale |
| Black Swift Group, LLC added | 170,655 | $3M | 0.6% | 2025-Q1 stale |
| Schonfeld Strategic Advisors LLC added | 130,312 | $2M | 0.4% | 2025-Q4 stale |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 106,927 | $2M | 0.4% | 2025-Q1 stale |
| Veltria Advisors Corp. | 80,310 | $2M | 0.3% | 2025-Q2 stale |
| AlphaQuest LLC added | 54,024 | $890K | 0.2% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC trimmed | 54,973 | $884K | 0.2% | 2025-Q3 stale |
| MAI Capital Management trimmed | 50,216 | $828K | 0.2% | 2025-Q4 stale |
| Quadrature Capital Ltd trimmed | 48,867 | $805K | 0.2% | 2025-Q4 stale |
| D.A. DAVIDSON & CO. added | 40,731 | $762K | 0.1% | 2025-Q2 stale |
| Zuckerman Investment Group, LLC added | 46,000 | $740K | 0.1% | 2025-Q3 stale |
| Virtu Financial LLC added | 31,736 | $523K | 0.1% | 2025-Q4 stale |
| Nebula Research & Development LLC new | 23,422 | $438K | 0.1% | 2025-Q2 stale |
| Obermeyer Wealth Partners new | 26,000 | $418K | 0.1% | 2025-Q3 stale |
| Kovitz Investment Group Partners, LLC added | 24,392 | $395K | 0.1% | 2025-Q3 stale |
| Nordwand Advisors, LLC | 24,336 | $391K | 0.1% | 2025-Q3 stale |
| Wilmington Savings Fund Society, FSB | 20,000 | $374K | 0.1% | 2025-Q2 stale |
| Accredited Investors Inc. added | 20,000 | $374K | 0.1% | 2025-Q2 stale |
| Jaffetilchin Investment Partners, LLC new | 20,192 | $333K | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.