SCHEDULE: Morgan Stanley, Atlanta Capital Reduce Landstar Stake Below 5%

Morgan Stanley and its subsidiary, Atlanta Capital Management Company, LLC, have reported reducing their beneficial ownership in Landstar System Inc. common stock to below the 5% threshold.

Summary

• Morgan Stanley and Atlanta Capital Management Company, LLC jointly filed Amendment No. 12 to Schedule 13G regarding their beneficial ownership of Landstar System Inc. common stock.
• Both reporting entities have ceased to be beneficial owners of more than five percent of Landstar System Inc.'s common stock.
• As of December 31, 2025, Morgan Stanley beneficially owned 1,508,015 shares, representing 4.4% of the class.
• As of December 31, 2025, Atlanta Capital Management Company, LLC beneficially owned 1,293,829 shares, representing 3.8% of the class.
• Atlanta Capital Management Company, LLC is identified as a wholly-owned subsidiary of Morgan Stanley.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Landstar System Inc., primarily reflecting a change in the reporting obligations of Morgan Stanley and Atlanta Capital Management Company, LLC rather than a direct positive or negative operational or financial development for the issuer.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a reduction in institutional ownership below the 5% threshold by major financial entities like Morgan Stanley and its subsidiaries can sometimes signal a shift in investment strategy or a re-evaluation of the issuer's prospects by these specific investors. While not necessarily a negative indicator for Landstar System Inc. itself, it warrants monitoring for broader institutional sentiment.

Related Party Transactions

• Atlanta Capital Management Company, LLC is a wholly-owned subsidiary of Morgan Stanley, and they are filing this Schedule 13G jointly.

Stakeholder Impact

• Shareholders of Landstar System Inc. are impacted by the change in the composition of institutional ownership, as two significant institutional investors have reduced their stakes below the 5% reporting threshold.

Key Dates

Recommendation

The filing indicates a reduction in beneficial ownership by two institutional investors below the 5% threshold. While this is a factual change in shareholder structure, it does not provide direct insight into Landstar System Inc.'s operational performance or future prospects. A seasoned investor would likely maintain a "hold" recommendation, awaiting further company-specific news or broader market trends to inform a more definitive stance.

Keywords

Landstar System Inc, Morgan Stanley, Atlanta Capital Management Company, LLC, Schedule 13G, beneficial ownership, common stock, institutional ownership, SEC filing, ownership change