Top 4 Mutual Fund Holders of Morgan Stanley
Morgan Stanley (NYSE: MS) was founded on Sept. 16, 1935. The firm went public in 1984 and has grown to provide advisory, banking, financing, research, sales, market making and wealth management services. Morgan Stanley has a market cap of $85.7 billion as of July 10, 2018.
Here’s a look at the top funds that have placed their bets of this stock.
Vanguard Total Stock Market Index Fund (VTSMX)
The Vanguard Total Stock Market Index Fund (“VTSMX”) was created in 1992 and is designed to give broad exposure to the total US. stock market by including small-cap to large-cap growth and value stocks. VTSMX is the largest shareholder of Morgan Stanley as it owns 33.8 million shares or 1.91% of Morgan Stanley as of July 2018. The fund has $701.2 billion in assets under management (AUM) and its Morgan Stanley investment constitutes 0.24% of its portfolio. The fund has an expense ratio of 0.14%, a five-year annualized return of 13.04%, and requires a minimum investment of $3,000.
Vanguard 500 Index Fund Investor Shares (VFINX)
The Vanguard 500 Index Fund (“VFINX”) owns 24.6 million shares which accounts for 1.40% of shares held in the company and 0.30% of VFINX’s portfolio. The fund is the industry’s first index fund for individual investors. The portfolio contains a diversified spectrum of the largest US. companies mirroring the Standard and Poor’s 500 Index (S&P 500). The fund has $417.7 billion in AUM, an expense ratio of 0.14%, a five-year annualized return of 13.16%, and requires a minimum investment of $3,000.
T.Rowe Price Blue Chip Growth (TRBCX)
As the third-largest mutual fund holder of Morgan Stanley, the T.Rowe Price Blue Chip Growth (“TRBCX”) owns 20.6 million shares or 1.16% of Morgan Stanley as of July 10, 2018. Morgan Stanley shares represent 2.22% of TRBCX’s total assets. The $55.6 billion fund invests invests primarily in large-cap stocks. The fund has an expense ratio of 0.70%, a five-year annualized return of 18.60%, and requires a minimum investment of $2,500.
Fidelity® Contrafund® (FCNTX)
Fidelity Contrafund (“FCNTX”) was founded in 1967. The funds investment strategy is to seek out capital appreciation by investing in companies who are undervalued. They accomplish this by investing in either growth stocks or value stocks. As of July 10, 2018, FCNTX has $129.4 billion in AUM and its Morgan Stanley investment makes up 0.63% of its portfolio. Its 16.2 million shares make up 0.92% of Morgan Stanley’s total shares. The fund has an expense ratio of 0.74%, a five-year annualized return of 15.94%, and requires a minimum investment of $2,500.
Source: Read Full Article