According to a 13F filing submitted to the U.S. Securities and Exchange Commission (SEC), Morgan Stanley disclosed its Q3 2025 portfolio holdings as of September 30. The report shows that the bank's total portfolio value reached $1.65 trillion, up 7.1% from $1.54 trillion in the previous quarter.
During the quarter, Morgan Stanley added 400 new stocks, increased positions in 3,542 stocks, reduced holdings in 3,456 stocks, and exited 328 positions entirely. The top ten holdings accounted for 21.93% of the total portfolio value.
Among the top five holdings: 1. **Microsoft (MSFT.US)** remained the largest position with 120 million shares valued at $62.28 billion, representing 3.77% of the portfolio—a 0.96% increase from last quarter. 2. **NVIDIA (NVDA.US)** held the second spot with 323 million shares worth $60.26 billion (3.65% of the portfolio), though the position was trimmed by 0.85%. 3. **Apple (AAPL.US)** ranked third with 229 million shares valued at $58.34 billion (3.53% of the portfolio), reflecting a 1.76% reduction. 4. **Amazon (AMZN.US)** took fourth place with 163 million shares worth $35.76 billion (2.16% of the portfolio), marking a 1.47% increase. 5. **Alphabet (GOOGL.US)** rounded out the top five with 122 million shares valued at $29.64 billion (1.79% of the portfolio), but saw a significant 9.33% decrease in holdings.
Top buys included Invesco QQQ Trust (QQQ.US), SPDR S&P 500 ETF (SPY.US), Invesco MSCI USA ETF (PBUS.US), Vanguard S&P 500 ETF (VOO.US), and Johnson & Johnson (JNJ.US). Meanwhile, the bank sold off positions in Visa (V.US), Meta Platforms (META.US), Accenture (ACN.US), Costco (COST.US), and Salesforce (CRM.US).
Notably, among the "Magnificent Seven" U.S. tech giants, Morgan Stanley only increased its stakes in **Microsoft** and **Amazon**, while reducing exposure to **Apple**, **NVIDIA**, **Meta Platforms**, **Alphabet**, and **Tesla (TSLA.US)**. The bank also cut holdings in prominent AI-related stocks like Oracle (ORCL.US), Broadcom (AVGO.US), and Palantir (PLTR.US).
Additionally, Morgan Stanley added positions in energy giants Exxon Mobil (XOM.US) and Chevron (CVX.US) during the quarter, benefiting from strong performance amid oil price rebounds despite recent supply glut concerns.