SCHEDULE: Morgan Stanley Boosts Oddity Tech Stake to 6.9%

Morgan Stanley and its subsidiary, Morgan Stanley Investment Management Inc., have disclosed a 6.9% beneficial ownership stake in Oddity Tech Ltd's Class A Ordinary Shares.

Summary

• Morgan Stanley and its subsidiary, Morgan Stanley Investment Management Inc., reported beneficial ownership of Oddity Tech Ltd's Class A Ordinary Shares.
• As of September 30, 2025, Morgan Stanley beneficially owned 3,161,833 shares, representing 6.9% of the class.
• Morgan Stanley Investment Management Inc. beneficially owned 3,161,713 shares, also representing 6.9% of the class.
• The filing indicates shared voting power of 2,904,648 shares for Morgan Stanley and 2,904,560 shares for Morgan Stanley Investment Management Inc.
• Shared dispositive power is 3,161,833 shares for Morgan Stanley and 3,161,713 shares for Morgan Stanley Investment Management Inc.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Oddity Tech Ltd.
• Morgan Stanley Investment Management Inc. is a wholly-owned subsidiary of Morgan Stanley, and the securities are owned by MSIM Inc.

Sentiment

Score: 7

Explanation: The disclosure of a significant ownership stake by a reputable institution like Morgan Stanley is generally viewed positively, indicating institutional confidence in the company. The 'ordinary course of business' statement mitigates concerns about potential activist intentions.

Positives

• A major financial institution like Morgan Stanley holding a significant stake (6.9%) can signal confidence in Oddity Tech Ltd's long-term prospects.
• The investment is stated to be in the ordinary course of business, suggesting a strategic portfolio allocation rather than an activist position.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Oddity Tech Ltd's future performance or operations.

Management Comments

• 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.

Industry Context

This filing reflects a routine disclosure by a major institutional investor, Morgan Stanley, regarding its significant passive ownership stake in Oddity Tech Ltd. Such disclosures are common for large asset managers who hold more than 5% of a company's outstanding shares for investment purposes, rather than for activist intentions.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for institutional investors exceeding a 5% ownership threshold. It does not provide performance data for comparison to industry benchmarks or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: The presence of a large institutional investor like Morgan Stanley can provide stability and potentially attract other institutional investors, positively impacting shareholder confidence.
• Company Management: The 'passive' nature of the investment (not for control) suggests no immediate pressure or influence on management's strategic decisions.

Key Dates

Recommendation

The disclosure of a significant institutional stake by Morgan Stanley is a positive signal, suggesting confidence in Oddity Tech Ltd. However, this filing is purely an ownership disclosure and does not provide new financial performance data or strategic updates that would warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position for investors who may already be invested or considering the stock, as it indicates institutional validation without providing new catalysts for immediate price movement.

Keywords

Oddity Tech Ltd, Morgan Stanley, Morgan Stanley Investment Management, Class A Ordinary Shares, Beneficial Ownership, Schedule 13G, SEC Filing, Institutional Investor, Equity Stake, M7518J104