Institutional investors shift stakes in Arthur J. Gallagher and Morgan Stanley

Glenmede Trust Co. NA increased its holding in Arthur J. Gallagher & Co. by 166.2%, bringing its stake to 25,700 shares valued at about $5.57 million. Other investors also adjusted positions: Jump Financial, Qube Research & Technologies, the Treasurer of the State of North Carolina, Peapack Gladstone Financial and Armistice Capital all bought or increased stakes, raising institutional ownership of Arthur J. Gallagher to roughly 85.5% of the float.

MassMutual Private Wealth & Trust FSB reduced its Morgan Stanley holding by 7.6%, leaving it with 64,118 shares worth about $13.4 million. At the same time, several firms expanded their positions, including Farther Finance Advisors, BOCHK Asset Management, Asset Management One, Financiere des Professionnels Fonds d'investissement and Arsenal Capital Advisors, bringing institutional ownership of Morgan Stanley to about 84.2%. The reports also note Morgan Stanley’s focus on wealth‑management growth from upcoming IPO activity and the launch of new cryptocurrency ETFs.