MORGAN STANLEY ETF TRUST

Ticker: PAPI CUSIP: 61774R866 Class: PARAMETRIC EQUIT

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (7)

SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $820 Shares 31,808
Manchester Capital Management LLC
Value ($000) $30 Shares 1,153
Global Retirement Partners, LLC
Value ($000) $99 Shares 3,847
WELLS FARGO & COMPANY/MN
Value ($000) $16 Shares 613
HARBOUR INVESTMENTS, INC.
Value ($000) $12 Shares 450
UBS Group AG
Value ($000) $7 Shares 261
Rockefeller Capital Management L.P.
Value ($000) $2 Shares 88

Increased Positions (12)

MORGAN STANLEY
Value ($000) $164,700 (+3.9%) Shares 6,387,688 (+5.0%)
Private Advisor Group, LLC
Value ($000) $2,405 (+34.7%) Shares 93,264 (+36.1%)
JANE STREET GROUP, LLC
Value ($000) $1,948 (+267.8%) Shares 75,568 (+271.6%)
LPL Financial LLC
Value ($000) $3,679 (+39.3%) Shares 142,700 (+40.8%)
FLAGSTAR ADVISORS INC
Value ($000) $497 (+0.8%) Shares 19,293 (+2.6%)
OSAIC HOLDINGS, INC.
Value ($000) $1,800 (+25.3%) Shares 69,825 (+27.4%)
CITADEL ADVISORS LLC
Value ($000) $957 (+92.8%) Shares 37,127 (+94.8%)
OLD MISSION CAPITAL LLC
Value ($000) $542 (+17.7%) Shares 21,010 (+18.9%)
Mariner, LLC
Value ($000) $289 (+7.3%) Shares 11,197 (+8.4%)
STIFEL FINANCIAL CORP
Value ($000) $1,114 (+0.6%) Shares 43,209 (+1.6%)
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $300 (+1.4%) Shares 11,621 (+2.4%)
Janney Montgomery Scott LLC
Value ($000) $2 (+101.7%) Shares 72,156 (+103.8%)

Decreased Positions (4)

LRI Investments, LLC
Value ($000) $645 (-17.0%) Shares 25,000 (-16.1%)
COMERICA BANK
Value ($000) $740 (-9.5%) Shares 28,690 (-8.5%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $553 (+85778.9%) Shares 21,450 (-13.2%)
ROYAL BANK OF CANADA
Value ($000) $106 (-1.9%) Shares 4,106 (-1.3%)

Exited Positions (3)

von Borstel & Associates, Inc.
Value ($000) $3 Shares 98,456
PRINCIPAL SECURITIES, INC.
Value ($000) $61 Shares 2,340
CHILTON CAPITAL MANAGEMENT LLC
Value ($000) $4 Shares 150