SCHEDULE: BlackRock Boosts Stake in MSG Sports to 10%

BlackRock, Inc. has reported a 10.0% beneficial ownership stake in Madison Square Garden Sports Corp.'s Class A Stock as of December 31, 2025.

Summary

• BlackRock, Inc. beneficially owns 1,959,824 shares of Madison Square Garden Sports Corp.'s Class A Stock.
• This ownership represents 10.0% of the total outstanding Class A Stock.
• BlackRock holds sole voting power over 1,930,393 shares and sole dispositive power over 1,959,824 shares.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating previous beneficial ownership disclosures.
• BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• iShares Core S&P Small-Cap ETF, an entity within BlackRock's structure, holds more than 5% of the Class A stock.
• BlackRock Fund Advisors is specifically identified as an entity beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The filing indicates a significant, passive ownership stake by a major institutional investor, BlackRock, in Madison Square Garden Sports Corp. This is a routine disclosure for institutional investors crossing certain ownership thresholds and does not inherently convey strong positive or negative sentiment regarding the issuer's performance, but a large stake from a reputable firm is generally viewed as a positive signal of confidence.

Positives

• A significant 10% beneficial ownership stake by a major institutional investor like BlackRock can be interpreted as a vote of confidence in Madison Square Garden Sports Corp.

Negatives

• No specific negative information regarding Madison Square Garden Sports Corp. is disclosed in this beneficial ownership report.

Risks

• No specific risks related to Madison Square Garden Sports Corp. are disclosed in this beneficial ownership report.

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, 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 240.14a-11.

Industry Context

This filing is a routine disclosure of beneficial ownership by a large institutional investor and does not provide specific insights into broader industry trends or competitive dynamics for Madison Square Garden Sports Corp.

Stakeholder Impact

• Shareholders: BlackRock's 10% stake could be perceived as a vote of confidence from a major institutional investor, potentially influencing investor sentiment positively.

Key Dates

Keywords

BlackRock, Madison Square Garden Sports Corp., MSG Sports, Class A Stock, Beneficial Ownership, Institutional Investor, Schedule 13G, Equity Stake, Investment