SCHEDULE: Morgan Stanley Discloses 8.0% Stake in Core & Main
Beneficial Ownership Update
Morgan Stanley and its subsidiary have filed an amended Schedule 13G, disclosing significant beneficial ownership in Core & Main, Inc.'s Class A Common Stock.
Summary
- Morgan Stanley and its subsidiary, Morgan Stanley Investment Management Inc., reported beneficial ownership of Core & Main, Inc. Class A Common Stock as of June 30, 2025.
- Morgan Stanley beneficially owns an aggregate of 15,200,309 shares, representing 8.0% of the Class A Common Stock.
- Morgan Stanley holds shared voting power over 13,965,385 shares and shared dispositive power over 15,163,534 shares.
- Morgan Stanley Investment Management Inc. beneficially owns an aggregate of 12,537,033 shares, representing 6.6% of the Class A Common Stock.
- Morgan Stanley Investment Management Inc. holds shared voting power over 11,400,833 shares and shared dispositive power over 12,537,033 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Core & Main, Inc.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership by a major financial institution, indicating a significant but passive stake. It does not contain information that would inherently suggest positive or negative sentiment beyond the fact of institutional investment.
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement (reporting period end date for beneficial ownership). |
| 08/05/2025 | Date of filing of the Schedule 13G Amendment No. 1. |
Keywords
Core & Main, Morgan Stanley, Beneficial Ownership, Institutional Investor, Class A Common Stock, SEC Filing, Schedule 13G, Investment Management
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