GALLAGHER ARTHUR J & CO

Ticker: AJG CUSIP: 363576109 Class: COM

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 7,773,808 Value ($000) $2,011,785 Avg Close $264.22 Range $236.34 - $312.72

Q3 2025

Shares 8,585,790 Value ($000) $2,659,364 Avg Close $300.20 Range $276.20 - $321.70

Q2 2025

Shares 7,092,653 Value ($000) $2,270,501 Avg Close $327.56 Range $299.17 - $348.85

Q1 2025

Shares 7,141,464 Value ($000) $2,465,520 Avg Close $313.31 Range $273.17 - $344.60

Q4 2024

Shares 6,482,851 Value ($000) $1,840,158 Avg Close $288.06 Range $274.49 - $313.35

Q3 2024

Shares 6,938,779 Value ($000) $1,952,365 Avg Close $278.61 Range $254.32 - $297.84

Q2 2024

Shares 7,036,078 Value ($000) $1,824,526 Avg Close $244.50 Range $226.63 - $263.02

Q1 2024

Shares 6,263,306 Value ($000) $1,566,077 Avg Close $236.41 Range $219.54 - $252.26

Q4 2023

Shares 6,219,767 Value ($000) $1,398,702 Avg Close $232.39 Range $214.82 - $249.02

Q3 2023

Shares 6,209,557 Value ($000) $1,415,345 Avg Close $219.09 Range $207.73 - $232.98

Q2 2023

Shares 6,174,558 Value ($000) $1,355,748 Avg Close $203.16 Range $185.32 - $215.79

Q1 2023

Shares 2,945,814 Value ($000) $563,564 Avg Close $184.71 Range $170.15 - $196.81

Q4 2022

Shares 2,143,144 Value ($000) $404,069 Avg Close $181.58 Range $163.94 - $195.97

Q3 2022

Shares 1,524,136 Value ($000) $260,962 Avg Close $171.86 Range $155.35 - $185.72

Q2 2022

Shares 1,318,772 Value ($000) $215,014 Avg Close $160.18 Range $143.39 - $180.33

Q1 2022

Shares 785,145 Value ($000) $137,087 Avg Close $153.40 Range $141.59 - $170.78

Q4 2021

Shares 867,481 Value ($000) $147,185 Avg Close $156.75 Range $142.44 - $164.55

Q3 2021

Shares 840,598 Value ($000) $124,956 Avg Close $136.81 Range $129.42 - $147.92

Q2 2021

Shares 967,109 Value ($000) $135,473 Avg Close $134.67 Range $118.24 - $146.63

Q1 2021

Shares 811,145 Value ($000) $101,206 Avg Close $114.59 Range $107.07 - $122.80

Q4 2020

Shares 644,719 Value ($000) $79,758 Avg Close $107.71 Range $96.30 - $122.43

Q3 2020

Shares 439,195 Value ($000) $46,370 Avg Close $97.68 Range $90.30 - $102.85

Q2 2020

Shares 478,869 Value ($000) $46,685 Avg Close $83.03 Range $68.97 - $96.18

Q1 2020

Shares 579,212 Value ($000) $47,211 Avg Close $89.38 Range $60.94 - $102.05

Q4 2019

Shares 542,830 Value ($000) $51,694 Avg Close $85.11 Range $79.19 - $89.69

Q3 2019

Shares 438,231 Value ($000) $39,252 Avg Close $83.14 Range $79.33 - $85.65

Q2 2019

Shares 409,913 Value ($000) $35,905 Avg Close $76.79 Range $71.30 - $81.81

Q1 2019

Shares 502,295 Value ($000) $39,229 Avg Close $70.56 Range $64.39 - $74.18

Q4 2018

Shares 737,172 Value ($000) $54,329 Avg Close $67.97 Range $62.33 - $71.85

Q3 2018

Shares 684,576 Value ($000) $50,959 Avg Close $64.92 Range $58.77 - $69.54

Q2 2018

Shares 609,339 Value ($000) $39,777 Avg Close $60.98 Range $58.35 - $63.75

Q1 2018

Shares 1,026,648 Value ($000) $70,560 Avg Close $60.39 Range $55.42 - $65.39

Q4 2017

Shares 999,448 Value ($000) $63,244 Avg Close $56.83 Range $54.05 - $60.12

Q3 2017

Shares 755,454 Value ($000) $46,497 Avg Close $52.01 Range $49.57 - $54.94

Q2 2017

Shares 638,610 Value ($000) $36,560 Avg Close $49.64 Range $47.74 - $52.14

Q1 2017

Shares 662,234 Value ($000) $37,443 Avg Close $48.08 Range $45.07 - $50.65

Q4 2016

Shares 589,406 Value ($000) $30,624 Avg Close $43.55 Range $40.73 - $45.38

Q3 2016

Shares 584,249 Value ($000) $29,721 Avg Close $42.42 Range $40.40 - $44.25

Q2 2016

Shares 644,652 Value ($000) $30,687 Avg Close $39.55 Range $36.70 - $41.44

Q1 2016

Shares 526,786 Value ($000) $23,431 Avg Close $33.74 Range $30.29 - $37.98

Q4 2015

Shares 1,260,700 Value ($000) $51,614 Avg Close $35.98 Range $33.21 - $37.20

Q3 2015

Shares 962,271 Value ($000) $39,721 Avg Close $37.63 Range $33.11 - $40.01

Q2 2015

Shares 761,687 Value ($000) $36,029 Avg Close $39.66 Range $38.04 - $40.98

Q1 2015

Shares 823,457 Value ($000) $38,498 Avg Close $38.18 Range $36.06 - $39.70

Q4 2014

Shares 960,190 Value ($000) $45,206 Avg Close $38.03 Range $35.07 - $40.13

Q3 2014

Shares 1,172,496 Value ($000) $53,185 Avg Close $37.00 Range $35.50 - $38.49

Q2 2014

Shares 1,087,921 Value ($000) $50,696 Avg Close $36.40 Range $34.22 - $38.53

Q1 2014

Shares 330,898 Value ($000) $15,743 Avg Close $36.99 Range $34.79 - $39.33

Q4 2013

Shares 446,012 Value ($000) $20,931 Avg Close $36.51 Range $34.17 - $38.03

Q3 2013

Shares 433,543 Value ($000) $18,924 Avg Close $34.24 Range $32.24 - $35.69

Q2 2013

Shares 401,512 Value ($000) $17,542 Avg Close $33.49 Range $31.26 - $35.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,773,808	$2,011,785	$264.22	$236.34 - $312.72
Q3 2025	8,585,790	$2,659,364	$300.20	$276.20 - $321.70
Q2 2025	7,092,653	$2,270,501	$327.56	$299.17 - $348.85
Q1 2025	7,141,464	$2,465,520	$313.31	$273.17 - $344.60
Q4 2024	6,482,851	$1,840,158	$288.06	$274.49 - $313.35
Q3 2024	6,938,779	$1,952,365	$278.61	$254.32 - $297.84
Q2 2024	7,036,078	$1,824,526	$244.50	$226.63 - $263.02
Q1 2024	6,263,306	$1,566,077	$236.41	$219.54 - $252.26
Q4 2023	6,219,767	$1,398,702	$232.39	$214.82 - $249.02
Q3 2023	6,209,557	$1,415,345	$219.09	$207.73 - $232.98
Q2 2023	6,174,558	$1,355,748	$203.16	$185.32 - $215.79
Q1 2023	2,945,814	$563,564	$184.71	$170.15 - $196.81
Q4 2022	2,143,144	$404,069	$181.58	$163.94 - $195.97
Q3 2022	1,524,136	$260,962	$171.86	$155.35 - $185.72
Q2 2022	1,318,772	$215,014	$160.18	$143.39 - $180.33
Q1 2022	785,145	$137,087	$153.40	$141.59 - $170.78
Q4 2021	867,481	$147,185	$156.75	$142.44 - $164.55
Q3 2021	840,598	$124,956	$136.81	$129.42 - $147.92
Q2 2021	967,109	$135,473	$134.67	$118.24 - $146.63
Q1 2021	811,145	$101,206	$114.59	$107.07 - $122.80
Q4 2020	644,719	$79,758	$107.71	$96.30 - $122.43
Q3 2020	439,195	$46,370	$97.68	$90.30 - $102.85
Q2 2020	478,869	$46,685	$83.03	$68.97 - $96.18
Q1 2020	579,212	$47,211	$89.38	$60.94 - $102.05
Q4 2019	542,830	$51,694	$85.11	$79.19 - $89.69
Q3 2019	438,231	$39,252	$83.14	$79.33 - $85.65
Q2 2019	409,913	$35,905	$76.79	$71.30 - $81.81
Q1 2019	502,295	$39,229	$70.56	$64.39 - $74.18
Q4 2018	737,172	$54,329	$67.97	$62.33 - $71.85
Q3 2018	684,576	$50,959	$64.92	$58.77 - $69.54
Q2 2018	609,339	$39,777	$60.98	$58.35 - $63.75
Q1 2018	1,026,648	$70,560	$60.39	$55.42 - $65.39
Q4 2017	999,448	$63,244	$56.83	$54.05 - $60.12
Q3 2017	755,454	$46,497	$52.01	$49.57 - $54.94
Q2 2017	638,610	$36,560	$49.64	$47.74 - $52.14
Q1 2017	662,234	$37,443	$48.08	$45.07 - $50.65
Q4 2016	589,406	$30,624	$43.55	$40.73 - $45.38
Q3 2016	584,249	$29,721	$42.42	$40.40 - $44.25
Q2 2016	644,652	$30,687	$39.55	$36.70 - $41.44
Q1 2016	526,786	$23,431	$33.74	$30.29 - $37.98
Q4 2015	1,260,700	$51,614	$35.98	$33.21 - $37.20
Q3 2015	962,271	$39,721	$37.63	$33.11 - $40.01
Q2 2015	761,687	$36,029	$39.66	$38.04 - $40.98
Q1 2015	823,457	$38,498	$38.18	$36.06 - $39.70
Q4 2014	960,190	$45,206	$38.03	$35.07 - $40.13
Q3 2014	1,172,496	$53,185	$37.00	$35.50 - $38.49
Q2 2014	1,087,921	$50,696	$36.40	$34.22 - $38.53
Q1 2014	330,898	$15,743	$36.99	$34.79 - $39.33
Q4 2013	446,012	$20,931	$36.51	$34.17 - $38.03
Q3 2013	433,543	$18,924	$34.24	$32.24 - $35.69
Q2 2013	401,512	$17,542	$33.49	$31.26 - $35.40