SCHEDULE 13G/A: Morgan Stanley Discloses 14.2% Stake in LandBridge Co LLC Class A Shares

Morgan Stanley and its subsidiary, Morgan Stanley Investment Management Inc., have filed an amended Schedule 13G, reporting a combined beneficial ownership of 14.2% of LandBridge Co LLC's Class A Shares as of March 31, 2025.

Summary

• Morgan Stanley and its wholly-owned subsidiary, Morgan Stanley Investment Management Inc., have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in LandBridge Co LLC.
• The filing reports beneficial ownership of Class A Shares (CUSIP: 514952100) of LandBridge Co LLC, located at 5555 SAN FELIPE STREET, SUITE 1200, HOUSTON, TX, 77056.
• As of March 31, 2025, Morgan Stanley beneficially owns an aggregate of 3,306,983 Class A Shares, representing 14.2% of the class.
• Morgan Stanley holds shared voting power over 3,210,479 shares and shared dispositive power over 3,306,983 shares.
• Morgan Stanley Investment Management Inc. beneficially owns an aggregate of 3,292,965 Class A Shares, also representing 14.2% of the class.
• Morgan Stanley Investment Management Inc. holds shared voting power over 3,206,131 shares and shared dispositive power over 3,292,965 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 LandBridge Co LLC.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational news about the issuer, nor does it indicate any intent to influence control.

Future Outlook

NA

Management Comments

• "By signing below I certify that, 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." (Certification by Morgan Stanley and Morgan Stanley Investment Management Inc.)

Industry Context

This filing reflects a significant institutional ownership stake by a major financial services firm in LandBridge Co LLC. Such disclosures are standard for large investment firms holding over 5% of a company's shares, indicating their investment positions rather than specific industry trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and liquidity.

Key Dates

Keywords

Morgan Stanley, LandBridge Co LLC, Schedule 13G, Beneficial Ownership, Class A Shares, Institutional Ownership, Investment Management, SEC Filing, Equity Stake