SCHEDULE: Morgan Stanley Discloses 9.0% Stake in Aurora Innovation

Morgan Stanley and its subsidiary, Morgan Stanley Investment Management Inc., reported a combined beneficial ownership of 9.0% in Aurora Innovation, Inc.'s Class A Common Stock as of December 31, 2025.

Summary

• Morgan Stanley and its subsidiary, Morgan Stanley Investment Management Inc., collectively reported beneficial ownership of Aurora Innovation, Inc.'s Class A Common Stock.
• Morgan Stanley beneficially owns 143,446,433 shares, representing 9.0% of the class, with shared voting power over 133,726,293 shares and shared dispositive power over 143,446,433 shares.
• Morgan Stanley Investment Management Inc. beneficially owns 142,652,912 shares, representing 8.9% of the class, with shared voting power over 132,966,885 shares and shared dispositive power over 142,652,912 shares.
• The reported ownership is held in the ordinary course of business and not for the purpose of changing or influencing control of Aurora Innovation, Inc.
• Morgan Stanley Investment Management Inc. is a wholly-owned subsidiary of Morgan Stanley, and the securities are owned or deemed beneficially owned by MSIM.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a significant stake by a major financial institution like Morgan Stanley suggests long-term confidence in Aurora Innovation, Inc.

Positives

• A significant institutional investment from a major financial institution like Morgan Stanley indicates confidence in Aurora Innovation, Inc.'s long-term prospects.

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."

Industry Context

StockSavvy.ai notes that significant institutional holdings by firms like Morgan Stanley are common in the technology sector, particularly for companies in emerging fields like autonomous driving, indicating a belief in long-term growth potential.

Comparison to Industry Standards

• StockSavvy.ai observes that a 9.0% stake by a major financial institution like Morgan Stanley is a substantial position, comparable to significant institutional investments seen in other high-growth technology companies.
• Similar large stakes are often held by institutional investors in companies developing AI, biotech, or renewable energy solutions, reflecting a strategic long-term commitment rather than short-term trading.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder may provide a sense of stability and validation for other investors, potentially enhancing market confidence.

Key Dates

Keywords

Aurora Innovation, Morgan Stanley, Morgan Stanley Investment Management, Class A Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor