[SCHEDULE 13G/A] Fortrea Holdings Inc. SEC Filing
Morgan Stanley and subsidiary Morgan Stanley Smith Barney LLC filed Amendment No. 6 to Schedule 13G for ASA Gold & Precious Metals Ltd (ASA) covering holdings as of 30 Jun 2025.
The reporting group states beneficial ownership of 1,197,203 common shares, equal to 6.3 % of ASA鈥檚 outstanding stock. They claim shared voting power over 4,323 shares and shared dispositive power over the full 1.20 million shares; no sole voting or dispositive authority is reported.
Morgan Stanley is classified as a parent holding company/control person; Morgan Stanley Smith Barney LLC is a broker-dealer and investment adviser. The filing, made under Rule 13d-1(b), certifies the stake is held in the ordinary course of business with no intent to influence issuer control.
Morgan Stanley e la sua controllata Morgan Stanley Smith Barney LLC hanno presentato l'Emendamento n. 6 al Modulo 13G per ASA Gold & Precious Metals Ltd (ASA), relativo alle partecipazioni al 30 giugno 2025.
Il gruppo dichiara una propriet脿 beneficiaria di 1.197.203 azioni ordinarie, pari al 6,3 % del capitale sociale di ASA. Viene indicato un potere di voto condiviso su 4.323 azioni e un potere dispositive condiviso sull'intero ammontare di 1,20 milioni di azioni; non viene segnalata alcuna autorit脿 di voto o dispositiva esclusiva.
Morgan Stanley 猫 classificata come societ脿 madre/controllante; Morgan Stanley Smith Barney LLC 猫 un broker-dealer e consulente di investimento. La comunicazione, presentata ai sensi della Regola 13d-1(b), certifica che la partecipazione 猫 detenuta nell'ordinaria attivit脿 commerciale senza alcuna intenzione di influenzare il controllo dell'emittente.
Morgan Stanley y su filial Morgan Stanley Smith Barney LLC presentaron la Enmienda n.潞 6 al Programa 13G para ASA Gold & Precious Metals Ltd (ASA), cubriendo las participaciones a fecha del 30 de junio 2025.
El grupo reportante declara una propiedad beneficiaria de 1.197.203 acciones ordinarias, equivalentes al 6,3 % del capital social en circulaci贸n de ASA. Afirman tener poder de voto compartido sobre 4.323 acciones y poder dispositvo compartido sobre la totalidad de 1,20 millones de acciones; no reportan autoridad exclusiva de voto ni dispositiva.
Morgan Stanley est谩 clasificada como empresa matriz/persona de control; Morgan Stanley Smith Barney LLC es un broker-dealer y asesor de inversiones. La presentaci贸n, realizada bajo la Regla 13d-1(b), certifica que la participaci贸n se mantiene en el curso ordinario del negocio sin intenci贸n de influir en el control del emisor.
氇贝 鞀ろ儬毽�鞕� 鞛愴殞靷� 氇贝 鞀ろ儬毽� 鞀る鞀� 氚旊媹 LLC臧� ASA Gold & Precious Metals Ltd(ASA)鞐� 雽�頃� 2025雲� 6鞗� 30鞚� 旮办 氤挫湢 歆�攵勳潉 雼挫潃 13G 鞀れ紑欷� 靾橃爼靹� 6順鸽ゼ 鞝滌稖頄堨姷雼堧嫟.
氤搓碃 攴鸽９鞚� 1,197,203 氤错喌欤�鞚� 鞁れ 靻岇湢甓岇潉 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 ASA鞚� 氚滍枆 欤检嫕鞚� 6.3 %鞐� 頃措嫻頃╇媹雼�. 4,323欤检棎 雽�頃� 瓿惦彊 鞚橁舶甓�瓿� 鞝勳泊 120毵� 欤检棎 雽�頃� 瓿惦彊 觳橂秳甓�鞚� 欤检灔頃橂┌, 雼弲 鞚橁舶甓岇澊雮� 觳橂秳甓岇潃 氤搓碃頃橃 鞎婌晿鞀惦媹雼�.
氇贝 鞀ろ儬毽姅 氇殞靷�/韱奠牅鞚�鞙茧 攵勲霅橁碃, 氇贝 鞀ろ儬毽� 鞀る鞀� 氚旊媹 LLC電� 欷戧皽鞚� 氚� 韴瀽 鞛愲靷�搿� 攵勲霅╇媹雼�. 攴滌箼 13d-1(b)鞐� 霐半澕 鞝滌稖霅� 鞚� 氍胳劀電� 氤挫湢 歆�攵勳澊 鞝曥儊鞝侅澑 靷梾 瓿检爼鞐愳劀 氤挫湢霅橁碃 鞛堨溂氅� 氚滍枆靷� 韱奠牅鞐� 鞓來枼鞚� 氙胳範 鞚橂弰臧� 鞐嗢潓鞚� 歃濍獏頃╇媹雼�.
Morgan Stanley et sa filiale Morgan Stanley Smith Barney LLC ont d茅pos茅 l鈥橝mendement n掳 6 au Schedule 13G concernant ASA Gold & Precious Metals Ltd (ASA), couvrant les participations au 30 juin 2025.
Le groupe d茅clarant d茅tient la propri茅t茅 b茅n茅ficiaire de 1 197 203 actions ordinaires, soit 6,3 % du capital en circulation d鈥橝SA. Ils revendiquent un pouvoir de vote partag茅 sur 4 323 actions et un pouvoir discr茅tionnaire partag茅 sur la totalit茅 des 1,20 million d鈥檃ctions ; aucune autorit茅 exclusive de vote ou discr茅tionnaire n鈥檈st rapport茅e.
Morgan Stanley est class茅e comme soci茅t茅 m猫re/personne de contr么le ; Morgan Stanley Smith Barney LLC est un courtier-n茅gociant et conseiller en investissement. Le d茅p么t, effectu茅 en vertu de la R猫gle 13d-1(b), certifie que la participation est d茅tenue dans le cours normal des affaires sans intention d鈥檌nfluencer le contr么le de l鈥櫭﹎etteur.
Morgan Stanley und die Tochtergesellschaft Morgan Stanley Smith Barney LLC haben die 脛nderung Nr. 6 zum Schedule 13G f眉r ASA Gold & Precious Metals Ltd (ASA) eingereicht, die die Best盲nde zum 30. Juni 2025 abdeckt.
Die meldende Gruppe gibt einen wirtschaftlichen Eigentum von 1.197.203 Stammaktien an, was 6,3 % der ausstehenden Aktien von ASA entspricht. Sie beanspruchen gemeinsames Stimmrecht 眉ber 4.323 Aktien und gemeinsame Verf眉gungsgewalt 眉ber die gesamten 1,20 Millionen Aktien; keine alleinige Stimm- oder Verf眉gungsgewalt wird gemeldet.
Morgan Stanley wird als Muttergesellschaft/Kontrollperson eingestuft; Morgan Stanley Smith Barney LLC ist ein Broker-Dealer und Investmentberater. Die Einreichung gem盲脽 Regel 13d-1(b) best盲tigt, dass die Beteiligung im normalen Gesch盲ftsverlauf gehalten wird, ohne die Absicht, die Kontrolle 眉ber den Emittenten zu beeinflussen.
- Morgan Stanley鈥檚 6.3 % ownership adds a well-capitalised institutional investor to ASA鈥檚 register, potentially improving liquidity and market confidence.
- None.
Insights
TL;DR: 6.3 % passive stake by Morgan Stanley signals institutional interest but offers limited strategic implications for ASA.
The 13G/A reveals a moderate but not controlling position鈥攔oughly 1.20 million shares鈥攅stablishing Morgan Stanley as the largest disclosed holder above the 5 % threshold. Because the filing is on Schedule 13G, the firm affirms a passive intent, so governance impact should be minimal. Nevertheless, the presence of a globally recognised institution may enhance market visibility and liquidity for ASA鈥檚 thinly traded shares. No purchase prices, cost basis or transaction timing were provided, so investors cannot infer valuation views. Overall, the disclosure is informational rather than transformative.
TL;DR: Institutional ownership surpasses 5 %, mildly positive for liquidity; no activism signalled.
A 6.3 % holding by Morgan Stanley and its wealth-management arm broadens ASA鈥檚 shareholder base with high-profile capital, potentially tightening bid-ask spreads. Because sole voting power is nil and shared voting is minimal, the firm appears uninterested in exerting influence鈥攊mportant for managers concerned about sudden strategic shifts. Unless subsequent 13D filings emerge, the practical effect is limited to perception and incremental trading support.
Morgan Stanley e la sua controllata Morgan Stanley Smith Barney LLC hanno presentato l'Emendamento n. 6 al Modulo 13G per ASA Gold & Precious Metals Ltd (ASA), relativo alle partecipazioni al 30 giugno 2025.
Il gruppo dichiara una propriet脿 beneficiaria di 1.197.203 azioni ordinarie, pari al 6,3 % del capitale sociale di ASA. Viene indicato un potere di voto condiviso su 4.323 azioni e un potere dispositive condiviso sull'intero ammontare di 1,20 milioni di azioni; non viene segnalata alcuna autorit脿 di voto o dispositiva esclusiva.
Morgan Stanley 猫 classificata come societ脿 madre/controllante; Morgan Stanley Smith Barney LLC 猫 un broker-dealer e consulente di investimento. La comunicazione, presentata ai sensi della Regola 13d-1(b), certifica che la partecipazione 猫 detenuta nell'ordinaria attivit脿 commerciale senza alcuna intenzione di influenzare il controllo dell'emittente.
Morgan Stanley y su filial Morgan Stanley Smith Barney LLC presentaron la Enmienda n.潞 6 al Programa 13G para ASA Gold & Precious Metals Ltd (ASA), cubriendo las participaciones a fecha del 30 de junio 2025.
El grupo reportante declara una propiedad beneficiaria de 1.197.203 acciones ordinarias, equivalentes al 6,3 % del capital social en circulaci贸n de ASA. Afirman tener poder de voto compartido sobre 4.323 acciones y poder dispositvo compartido sobre la totalidad de 1,20 millones de acciones; no reportan autoridad exclusiva de voto ni dispositiva.
Morgan Stanley est谩 clasificada como empresa matriz/persona de control; Morgan Stanley Smith Barney LLC es un broker-dealer y asesor de inversiones. La presentaci贸n, realizada bajo la Regla 13d-1(b), certifica que la participaci贸n se mantiene en el curso ordinario del negocio sin intenci贸n de influir en el control del emisor.
氇贝 鞀ろ儬毽�鞕� 鞛愴殞靷� 氇贝 鞀ろ儬毽� 鞀る鞀� 氚旊媹 LLC臧� ASA Gold & Precious Metals Ltd(ASA)鞐� 雽�頃� 2025雲� 6鞗� 30鞚� 旮办 氤挫湢 歆�攵勳潉 雼挫潃 13G 鞀れ紑欷� 靾橃爼靹� 6順鸽ゼ 鞝滌稖頄堨姷雼堧嫟.
氤搓碃 攴鸽９鞚� 1,197,203 氤错喌欤�鞚� 鞁れ 靻岇湢甓岇潉 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 ASA鞚� 氚滍枆 欤检嫕鞚� 6.3 %鞐� 頃措嫻頃╇媹雼�. 4,323欤检棎 雽�頃� 瓿惦彊 鞚橁舶甓�瓿� 鞝勳泊 120毵� 欤检棎 雽�頃� 瓿惦彊 觳橂秳甓�鞚� 欤检灔頃橂┌, 雼弲 鞚橁舶甓岇澊雮� 觳橂秳甓岇潃 氤搓碃頃橃 鞎婌晿鞀惦媹雼�.
氇贝 鞀ろ儬毽姅 氇殞靷�/韱奠牅鞚�鞙茧 攵勲霅橁碃, 氇贝 鞀ろ儬毽� 鞀る鞀� 氚旊媹 LLC電� 欷戧皽鞚� 氚� 韴瀽 鞛愲靷�搿� 攵勲霅╇媹雼�. 攴滌箼 13d-1(b)鞐� 霐半澕 鞝滌稖霅� 鞚� 氍胳劀電� 氤挫湢 歆�攵勳澊 鞝曥儊鞝侅澑 靷梾 瓿检爼鞐愳劀 氤挫湢霅橁碃 鞛堨溂氅� 氚滍枆靷� 韱奠牅鞐� 鞓來枼鞚� 氙胳範 鞚橂弰臧� 鞐嗢潓鞚� 歃濍獏頃╇媹雼�.
Morgan Stanley et sa filiale Morgan Stanley Smith Barney LLC ont d茅pos茅 l鈥橝mendement n掳 6 au Schedule 13G concernant ASA Gold & Precious Metals Ltd (ASA), couvrant les participations au 30 juin 2025.
Le groupe d茅clarant d茅tient la propri茅t茅 b茅n茅ficiaire de 1 197 203 actions ordinaires, soit 6,3 % du capital en circulation d鈥橝SA. Ils revendiquent un pouvoir de vote partag茅 sur 4 323 actions et un pouvoir discr茅tionnaire partag茅 sur la totalit茅 des 1,20 million d鈥檃ctions ; aucune autorit茅 exclusive de vote ou discr茅tionnaire n鈥檈st rapport茅e.
Morgan Stanley est class茅e comme soci茅t茅 m猫re/personne de contr么le ; Morgan Stanley Smith Barney LLC est un courtier-n茅gociant et conseiller en investissement. Le d茅p么t, effectu茅 en vertu de la R猫gle 13d-1(b), certifie que la participation est d茅tenue dans le cours normal des affaires sans intention d鈥檌nfluencer le contr么le de l鈥櫭﹎etteur.
Morgan Stanley und die Tochtergesellschaft Morgan Stanley Smith Barney LLC haben die 脛nderung Nr. 6 zum Schedule 13G f眉r ASA Gold & Precious Metals Ltd (ASA) eingereicht, die die Best盲nde zum 30. Juni 2025 abdeckt.
Die meldende Gruppe gibt einen wirtschaftlichen Eigentum von 1.197.203 Stammaktien an, was 6,3 % der ausstehenden Aktien von ASA entspricht. Sie beanspruchen gemeinsames Stimmrecht 眉ber 4.323 Aktien und gemeinsame Verf眉gungsgewalt 眉ber die gesamten 1,20 Millionen Aktien; keine alleinige Stimm- oder Verf眉gungsgewalt wird gemeldet.
Morgan Stanley wird als Muttergesellschaft/Kontrollperson eingestuft; Morgan Stanley Smith Barney LLC ist ein Broker-Dealer und Investmentberater. Die Einreichung gem盲脽 Regel 13d-1(b) best盲tigt, dass die Beteiligung im normalen Gesch盲ftsverlauf gehalten wird, ohne die Absicht, die Kontrolle 眉ber den Emittenten zu beeinflussen.
FAQ
How many ASA shares does Morgan Stanley report owning?
What percentage of ASA鈥檚 outstanding shares does the 1.2 million share stake represent?
Does Morgan Stanley have sole voting power over the ASA shares?
Why is the disclosure on Schedule 13G rather than 13D?
When were the event and filing dates?
