Burford Capital Limited
US ˙ NYSE ˙ GG00BMGYLN96

SecurityBUR / Burford Capital Limited
InstitutionMorgan Stanley
Latest Disclosed Ownership2,004,477 shares
Latest Disclosed Value $ 9,060,235
Morgan Stanley reports 32.26% decrease in ownership of BUR / Burford Capital Limited

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,004,477 shares of Burford Capital Limited (US:BUR) valued at $9,060,236 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,958,887 shares of Burford Capital Limited. This represents a change in shares of -32.26% during the quarter. The current value of the position is $8,639,296 USD.

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 BURFORD CAPITAL ORD SHS G17977110 2,004,477 -954,410 -32.26 9,060 -65.67 0.0005
2026-05-27 2025-12-31 13F/A-1 BURFORD CAP ORD SHS G17977110 2,958,887 -26,434 -0.89 26,393 -26.08 0.0016
2026-02-13 2025-12-31 13F BURFORD CAP ORD SHS G17977110 2,958,887 -26,434 26,393 0.0016
2026-05-27 2025-09-30 13F/A-1 BURFORD CAP ORD SHS G17977110 2,985,321 370,542 14.17 35,704 -4.24 0.0022
2025-11-14 2025-09-30 13F BURFORD CAP ORD SHS G17977110 2,985,321 370,542 35,704 0.0022
2025-08-15 2025-06-30 13F BURFORD CAP ORD SHS G17977110 2,614,779 -26,100 -0.99 37,287 6.88 0.0024
2025-05-15 2025-03-31 13F BURFORD CAP ORD SHS G17977110 2,640,879 863,578 48.59 34,886 53.95 0.0025
2025-05-15 2024-12-31 13F/A-1 BURFORD CAP ORD SHS G17977110 1,777,301 -936,672 -34.51 22,661 -37.03 0.0016
2025-02-14 2024-12-31 13F BURFORD CAP ORD SHS G17977110 1,777,301 -936,672 22,661 0.0016
2025-05-14 2024-09-30 13F/A-2 BURFORD CAP ORD SHS G17977110 2,713,973 412,358 17.92 35,987 19.81 0.0026
2025-02-14 2024-09-30 13F/A-1 BURFORD CAP ORD SHS G17977110 2,713,973 412,358 35,987 0.0026
2024-11-14 2024-09-30 13F BURFORD CAP ORD SHS G17977110 2,713,973 412,358 35,987 0.0003
2025-05-14 2024-06-30 13F/A-2 BURFORD CAP ORD SHS G17977110 2,301,615 1,699,804 282.45 30,036 212.55 0.0023
2024-10-17 2024-06-30 13F/A-1 BURFORD CAP ORD SHS G17977110 2,301,615 1,699,804 30,036 0.0023
2024-08-14 2024-06-30 13F BURFORD CAP ORD SHS G17977110 2,301,615 1,699,804 30,036 0.0023
2024-10-17 2024-03-31 13F/A-2 BURFORD CAP ORD SHS G17977110 601,811 212,334 54.52 9,611 58.19 0.0008
2024-08-16 2024-03-31 13F/A-1 BURFORD CAP ORD SHS G17977110 601,811 212,334 9,611 0.0001
2024-05-15 2024-03-31 13F BURFORD CAP ORD SHS G17977110 601,811 212,334 9,611 0.0008
2024-08-16 2023-12-31 13F/A-1 BURFORD CAP ORD SHS G17977110 389,477 -107,186 -21.58 6,076 -12.63 0.0005
2024-02-13 2023-12-31 13F BURFORD CAP ORD SHS G17977110 389,477 -107,186 6,076 0.0005
2023-11-15 2023-09-30 13F BURFORD CAP ORD SHS G17977110 496,663 312,255 169.33 6,953 209.57 0.0007
2023-08-14 2023-06-30 13F BURFORD CAP ORD SHS G17977110 184,408 -112,493 -37.89 2,246 -31.59 0.0002
2023-05-15 2023-03-31 13F BURFORD CAP ORD SHS G17977110 296,901 293,997 10,123.86 3,284 14,173.91 0.0004
2023-02-14 2022-12-31 13F BURFORD CAP ORD SHS G17977110 2,904 -1,731 -37.35 24 -34.29 0.0000
2022-11-14 2022-09-30 13F BURFORD CAP ORD SHS G17977110 4,635 52 1.13 35 -23.91 0.0000
2022-10-27 2022-06-30 13F/A-1 BURFORD CAP ORD SHS G17977110 4,583 -17,936 -79.65 46 -77.78 0.0000
2022-08-15 2022-06-30 13F BURFORD CAP ORD SHS G17977110 4,583 -17,936 46 0.0000
2022-10-27 2022-03-31 13F/A-1 BURFORD CAP ORD SHS G17977110 22,519 13,692 155.11 207 122.58 0.0000
2022-05-13 2022-03-31 13F BURFORD CAP ORD SHS G17977110 22,519 13,692 207 0.0000
2022-02-14 2021-12-31 13F BURFORD CAP ORD SHS G17977110 8,827 8,606 3,894.12 93 4,550.00 0.0000
2021-11-15 2021-09-30 13F BURFORD CAP ORD SHS G17977110 221 121 121.00 2 100.00 0.0000
2021-08-23 2021-06-30 13F/A-1 BURFORD CAP ORD SHS G17977110 100 -3,046 -96.82 1 -96.43 0.0000
2021-08-16 2021-06-30 13F BURFORD CAP ORD SHS G17977110 100 -3,046 1 0.0000
2021-05-17 2021-03-31 13F BURFORD CAP ORD SHS G17977110 3,146 1,806 134.78 28 115.38 0.0000
2021-02-16 2020-12-31 13F BURFORD CAP ORD SHS G17977110 1,340 1,340 13 0.0000
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.