Maximus, Inc.
MX ˙ BMV ˙ US5779331041
SecurityMX:MMS / Maximus, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership354,363 shares
Latest Disclosed Value $ 22,714,738
Morgan Stanley reports 23.75% decrease in ownership of MMS / Maximus, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 354,363 shares of Maximus, Inc. (MX:MMS) valued at $22,714,738 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 464,734 shares of Maximus, Inc.. This represents a change in shares of -23.75% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F MAXIMUS COM 577933104 354,363 -110,371 -23.75 22,715 -43.38 0.0014
2026-05-27 2025-12-31 13F/A-1 MAXIMUS COM 577933104 464,734 86,206 22.77 40,116 15.99 0.0024
2026-02-13 2025-12-31 13F MAXIMUS COM 577933104 464,734 86,206 40,116
2026-05-27 2025-09-30 13F/A-1 MAXIMUS COM 577933104 378,528 -26,618 -6.57 34,586 21.61 0.0021
2025-11-14 2025-09-30 13F MAXIMUS COM 577933104 378,528 -26,618 34,586 0.0021
2025-08-15 2025-06-30 13F MAXIMUS COM 577933104 405,146 54,111 15.41 28,441 18.82 0.0019
2025-05-15 2025-03-31 13F MAXIMUS COM 577933104 351,035 -151,261 -30.11 23,937 -36.16 0.0017
2025-05-15 2024-12-31 13F/A-1 MAXIMUS COM 577933104 502,296 -171,988 -25.51 37,496 -40.31 0.0026
2025-02-14 2024-12-31 13F MAXIMUS COM 577933104 502,296 -171,988 37,496 0.0026
2025-05-14 2024-09-30 13F/A-2 MAXIMUS COM 577933104 674,284 172,277 34.32 62,816 46.01 0.0046
2025-02-14 2024-09-30 13F/A-1 MAXIMUS COM 577933104 674,284 172,277 62,816 0.0046
2024-11-14 2024-09-30 13F MAXIMUS COM 577933104 674,284 172,277 62,816 0.0005
2025-05-14 2024-06-30 13F/A-2 MAXIMUS COM 577933104 502,007 142,324 39.57 43,022 42.57 0.0033
2024-10-17 2024-06-30 13F/A-1 MAXIMUS COM 577933104 502,007 142,324 43,022 0.0033
2024-08-14 2024-06-30 13F MAXIMUS COM 577933104 502,007 142,324 43,022 0.0033
2024-10-17 2024-03-31 13F/A-2 MAXIMUS COM 577933104 359,683 -28,509 -7.34 30,178 -7.30 0.0024
2024-08-16 2024-03-31 13F/A-1 MAXIMUS COM 577933104 359,683 -28,509 30,178 0.0003
2024-05-15 2024-03-31 13F MAXIMUS COM 577933104 359,683 -28,509 30,178 0.0024
2024-08-16 2023-12-31 13F/A-1 MAXIMUS COM 577933104 388,192 40,099 11.52 32,554 25.23 0.0029
2024-02-13 2023-12-31 13F MAXIMUS COM 577933104 388,192 40,099 32,554 0.0029
2023-11-15 2023-09-30 13F MAXIMUS COM 577933104 348,093 -63,077 -15.34 25,996 -25.19 0.0026
2023-08-14 2023-06-30 13F MAXIMUS COM 577933104 411,170 89,670 27.89 34,748 37.33 0.0034
2023-05-15 2023-03-31 13F MAXIMUS COM 577933104 321,500 7,565 2.41 25,302 9.91 0.0027
2023-02-14 2022-12-31 13F MAXIMUS COM 577933104 313,935 17,800 6.01 23,021 34.32 0.0026
2022-11-14 2022-09-30 13F MAXIMUS COM 577933104 296,135 -153,867 -34.19 17,138 -39.08 0.0023
2022-10-27 2022-06-30 13F/A-1 MAXIMUS COM 577933104 450,002 169,868 60.64 28,131 33.98 0.0037
2022-08-15 2022-06-30 13F MAXIMUS COM 577933104 450,002 169,868 28,131 0.0037
2022-10-27 2022-03-31 13F/A-1 MAXIMUS COM 577933104 280,134 65,399 30.46 20,996 22.73 0.0028
2022-05-13 2022-03-31 13F MAXIMUS COM 577933104 280,134 65,399 20,996 0.0028
2022-02-14 2021-12-31 13F MAXIMUS COM 577933104 214,735 62 0.03 17,107 -4.22 0.0021
2021-11-15 2021-09-30 13F MAXIMUS COM 577933104 214,673 -4,353 -1.99 17,861 -7.30 0.0024
2021-08-23 2021-06-30 13F/A-1 MAXIMUS COM 577933104 219,026 63,752 41.06 19,267 39.36 0.0025
2021-08-16 2021-06-30 13F MAXIMUS COM 577933104 219,026 63,752 19,267 0.0005
2021-05-17 2021-03-31 13F MAXIMUS COM 577933104 155,274 -18,388 -10.59 13,825 8.76 0.0020
2021-02-16 2020-12-31 13F MAXIMUS COM 577933104 173,662 85,491 96.96 12,711 110.73 0.0020
2020-11-13 2020-09-30 13F MAXIMUS COM 577933104 88,171 -4,172 -4.52 6,032 -7.29 0.0012
2020-08-14 2020-06-30 13F MAXIMUS COM 577933104 92,343 66,756 260.90 6,506 336.94 0.0014
2020-05-26 2020-03-31 13F/A-1 MAXIMUS COM 577933104 25,587 -109,697 -81.09 1,489 -85.20 0.0004
2020-05-15 2020-03-31 13F MAXIMUS COM 577933104 25,587 -109,697 1,489 114.3862
2020-02-14 2019-12-31 13F MAXIMUS COM 577933104 135,284 87,876 185.36 10,064 174.75 0.0023
2019-11-14 2019-09-30 13F MAXIMUS COM 577933104 47,408 -32,908 -40.97 3,663 -37.13 0.0010
2019-08-14 2019-06-30 13F MAXIMUS COM 577933104 80,316 -68,798 -46.14 5,826 -44.96 0.0016
2019-05-15 2019-03-31 13F MAXIMUS COM 577933104 149,114 23,016 18.25 10,585 28.96 0.0030
2019-02-14 2018-12-31 13F MAXIMUS COM 577933104 126,098 -147,871 -53.97 8,208 -53.95 0.0025
2019-04-23 2018-09-30 13F/A-2 MAXIMUS COM 577933104 273,969 -88,711 -24.46 17,825 -20.88 0.0045
2018-11-20 2018-09-30 13F/A-1 MAXIMUS COM 577933104 273,969 0 17,825 0.0045
2018-11-14 2018-09-30 13F MAXIMUS COM 577933104 273,969 -88,711 17,825
2019-04-23 2018-06-30 13F/A-1 MAXIMUS COM 577933104 362,680 -92,232 -20.27 22,528 -25.80 0.0061
2018-08-14 2018-06-30 13F MAXIMUS COM 577933104 362,680 -92,232 22,528
2019-04-23 2018-03-31 13F/A-1 MAXIMUS COM 577933104 454,912 127,092 38.77 30,360 29.38 0.0084
2018-05-14 2018-03-31 13F MAXIMUS COM 577933104 454,912 127,092 30,360
2019-04-23 2017-12-31 13F/A-1 MAXIMUS COM 577933104 327,820 -74,931 -18.60 23,466 -9.67 0.0064
2018-02-14 2017-12-31 13F MAXIMUS COM 577933104 327,820 -74,931 23,466
2017-11-14 2017-09-30 13F MAXIMUS COM 577933104 402,751 167,639 71.30 25,977 76.41 0.0078
2017-08-11 2017-06-30 13F MAXIMUS COM 577933104 235,112 23,089 10.89 14,725 11.65 0.0044
2017-05-22 2017-03-31 13F/A-1 MAXIMUS COM 577933104 212,023 -72,035 -25.36 13,188 -16.78 0.0041
2017-05-12 2017-03-31 13F MAXIMUS COM 577933104 212,023 13,188
2017-02-22 2016-12-31 13F/A-1 MAXIMUS COM 577933104 284,058 213,290 301.39 15,848 295.90 0.0052
2017-02-13 2016-12-31 13F MAXIMUS COM 577933104 284,058 15,848
2016-11-10 2016-09-30 13F MAXIMUS COM 577933104 70,768 21,424 43.42 4,003 46.52 0.0014
2016-08-12 2016-06-30 13F MAXIMUS COM 577933104 49,344 39,251 388.89 2,732 414.50 0.0010
2016-05-12 2016-03-31 13F MAXIMUS COM 577933104 10,093 -29,269 -74.36 531 -76.03 0.0002
2016-02-09 2015-12-31 13F MAXIMUS COM 577933104 39,362 2,324 6.27 2,215 0.36 0.0008
2016-02-08 2015-09-30 13F/A-1 MAXIMUS COM 577933104 37,038 -93,125 -71.54 2,207 -74.20 0.0008
2015-11-09 2015-09-30 13F MAXIMUS COM 577933104 37,038 2,207
2015-08-12 2015-06-30 13F MAXIMUS COM 577933104 130,163 64,992 99.73 8,555 96.71 0.0030
2015-05-14 2015-03-31 13F MAXIMUS COM 577933104 65,171 -185,666 -74.02 4,349 -68.38 0.0016
2015-02-13 2014-12-31 13F MAXIMUS COM 577933104 250,837 -129,295 -34.01 13,756 -9.82 0.0050
2014-12-16 2014-09-30 13F/A-1 MAXIMUS COM 577933104 380,132 102,546 36.94 15,254 22.49 0.0059
2014-11-14 2014-09-30 13F MAXIMUS COM 577933104 380,132 15,254
2014-05-13 2014-03-31 13F MAXIMUS COM 577933104 277,586 -133,148 -32.42 12,453 -31.08 0.0052
2014-02-13 2013-12-31 13F MAXIMUS COM 577933104 410,734 319,901 352.19 18,069 341.68 0.0077
2013-11-13 2013-09-30 13F MAXIMUS INC COM ST COM 577933104 90,833 35,950 65.50 4,091 0.07 0.0019
2013-08-08 2013-06-30 13F MAXIMUS INC COM ST COM 577933104 54,883 54,883 4,088 0.0021
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.