SCHEDULE: Morgan Stanley Boosts Canada Goose Stake to 7.9%

Morgan Stanley and its affiliates reported an aggregate beneficial ownership of 7.9% of Canada Goose Holdings Inc.'s Subordinate Voting Shares as of September 30, 2025.

Summary

• Morgan Stanley, along with its subsidiaries Morgan Stanley Investment Management Inc. and Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio, filed an Amendment No. 6 to Schedule 13G.
• As of September 30, 2025, Morgan Stanley beneficially owned an aggregate of 3,624,248 Subordinate Voting Shares of Canada Goose Holdings Inc., representing 7.9% of the class.
• Morgan Stanley Investment Management Inc. beneficially owned 3,623,767 shares, also representing 7.9% of the class, with shared voting power over 3,208,202 shares and shared dispositive power over 3,623,767 shares.
• Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio beneficially owned 2,778,700 shares, representing 6.0% of the class, with shared voting and dispositive power over all these shares.
• The filing confirms that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant and continued institutional investment by Morgan Stanley and its affiliates in Canada Goose Holdings Inc., which is generally viewed as a positive sign of confidence from a major financial player.

Positives

• Increased institutional ownership by a major financial institution like Morgan Stanley can signal confidence in Canada Goose Holdings Inc.'s long-term prospects.
• The aggregate beneficial ownership of 7.9% by Morgan Stanley and its affiliates demonstrates significant institutional interest in the company's Subordinate Voting Shares.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Canada Goose Holdings Inc. regarding its future outlook.

Industry Context

Canada Goose Holdings Inc. operates in the luxury apparel sector, known for its high-end outerwear. Significant institutional investment from firms like Morgan Stanley can reflect broader market sentiment and confidence in the luxury goods market's resilience and growth potential, particularly for established brands.

Stakeholder Impact

• Shareholders may view the increased institutional ownership as a positive indicator of the company's value and future prospects, potentially leading to increased investor confidence.
• The presence of a large institutional investor like Morgan Stanley can provide a degree of stability to the stock's trading patterns.

Key Dates

Keywords

Canada Goose Holdings Inc., Morgan Stanley, Subordinate Voting Shares, Institutional Ownership, SEC Filing, Schedule 13G, Investment Management, Luxury Apparel