SCHEDULE: Morgan Stanley Reduces Canada Goose Stake Below 5%

Morgan Stanley and its affiliates have reported that their beneficial ownership in Canada Goose Holdings Inc. subordinate voting shares has fallen below the 5% threshold.

Summary

• Morgan Stanley and its affiliated entities, Morgan Stanley Investment Management Inc. and Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio, have ceased to be beneficial owners of more than five percent of Canada Goose Holdings Inc.'s Subordinate Voting Shares.
• As of December 31, 2025, Morgan Stanley beneficially owned 5,877 shares, representing 0.0% of the class.
• Morgan Stanley Investment Management Inc. beneficially owned 5,415 shares, also representing 0.0% of the class.
• Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio beneficially owned 0 shares.
• This filing is an Amendment No. 7 to a Schedule 13G, indicating a change in their previously reported beneficial ownership.

Sentiment

Score: 5

Explanation: The filing is administrative, reporting a change in beneficial ownership below a threshold. It does not contain information that is inherently positive or negative for the issuer, Canada Goose Holdings Inc., but rather reflects a change in an institutional investor's position.

Future Outlook

NA

Industry Context

This Schedule 13G amendment indicates a change in institutional ownership, specifically that Morgan Stanley and its affiliates no longer hold a significant stake (above 5%) in Canada Goose Holdings Inc. Such filings are routine disclosures for large institutional investors and provide transparency into major shareholdings, which can influence market perception of a stock's institutional support.

Stakeholder Impact

• Shareholders: Provides transparency regarding a major institutional investor's reduced stake, which could be interpreted differently by individual investors.
• Investment Professionals: Offers data for tracking institutional ownership trends and portfolio adjustments.

Key Dates

Keywords

Canada Goose Holdings Inc., Subordinate Voting Shares, Morgan Stanley, Institutional Ownership, SEC Filing, Schedule 13G, Beneficial Ownership, Investment Management