Citizens Financial Group, Inc.
US ˙ NYSE ˙ US1746101054

SecurityCFG / Citizens Financial Group, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership12,712,681 shares
Latest Disclosed Value $ 762,379,591
Morgan Stanley reports 13.32% increase in ownership of CFG / Citizens Financial Group, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 12,712,681 shares of Citizens Financial Group, Inc. (US:CFG) valued at $762,379,480 USD as of March 31, 2026. The current value of the position is $812,340,316 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 CITIZENS FINL GROUP COM 174610105 12,712,681 1,494,706 13.32 762,380 16.35 0.0459
2026-05-27 2025-12-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 11,217,975 298,779 2.74 655,242 12.88 0.0391
2026-02-13 2025-12-31 13F CITIZENS FINL GROUP COM 174610105 11,217,975 298,779 655,242 0.0391
2026-05-27 2025-09-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 10,919,196 125,669 1.16 580,465 20.18 0.0351
2025-11-14 2025-09-30 13F CITIZENS FINL GROUP COM 174610105 10,919,196 125,669 580,465 0.0351
2025-08-15 2025-06-30 13F CITIZENS FINL GROUP COM 174610105 10,793,527 -410,739 -3.67 483,010 5.22 0.0315
2025-05-15 2025-03-31 13F CITIZENS FINL GROUP COM 174610105 11,204,266 576,456 5.42 459,039 -1.30 0.0328
2025-05-15 2024-12-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 10,627,810 -223,161 -2.06 465,073 4.36 0.0326
2025-02-14 2024-12-31 13F CITIZENS FINL GROUP COM 174610105 10,627,810 -223,161 465,073 0.0326
2025-05-14 2024-09-30 13F/A-2 CITIZENS FINL GROUP COM 174610105 10,850,971 -609,528 -5.32 445,649 7.93 0.0323
2025-02-14 2024-09-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 10,850,971 -609,528 445,649 0.0323
2024-11-14 2024-09-30 13F CITIZENS FINL GROUP COM 174610105 10,850,971 -609,528 445,649 0.0038
2025-05-14 2024-06-30 13F/A-2 CITIZENS FINL GROUP COM 174610105 11,460,499 -1,208,282 -9.54 412,922 -10.19 0.0320
2024-10-17 2024-06-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 11,460,499 -1,208,282 412,922 0.0319
2024-08-14 2024-06-30 13F CITIZENS FINL GROUP COM 174610105 11,460,499 -1,208,282 412,922 0.0320
2024-10-17 2024-03-31 13F/A-2 CITIZENS FINL GROUP COM 174610105 12,668,781 516,387 4.25 459,750 14.16 0.0369
2024-08-16 2024-03-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 12,668,781 516,387 459,750 0.0369
2024-05-15 2024-03-31 13F CITIZENS FINL GROUP COM 174610105 12,668,781 516,387 459,750 0.0369
2024-08-16 2023-12-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 12,152,394 -1,012,648 -7.69 402,730 14.15 0.0355
2024-02-13 2023-12-31 13F CITIZENS FINL GROUP COM 174610105 12,152,394 -1,012,648 402,730 0.0355
2023-11-15 2023-09-30 13F CITIZENS FINL GROUP COM 174610105 13,165,042 -12,365 -0.09 352,823 2.66 0.0359
2023-08-14 2023-06-30 13F CITIZENS FINL GROUP COM 174610105 13,177,407 -1,488,613 -10.15 343,667 -22.84 0.0339
2023-05-15 2023-03-31 13F CITIZENS FINL GROUP COM 174610105 14,666,020 -3,631,969 -19.85 445,407 -38.17 0.0478
2023-02-14 2022-12-31 13F CITIZENS FINL GROUP COM 174610105 18,297,989 2,785,751 17.96 720,392 35.16 0.0818
2022-11-14 2022-09-30 13F CITIZENS FINL GROUP COM 174610105 15,512,238 700,235 4.73 533,001 0.82 0.0726
2022-10-27 2022-06-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 14,812,003 1,789,590 13.74 528,640 -10.45 0.0686
2022-08-15 2022-06-30 13F CITIZENS FINL GROUP COM 174610105 14,812,003 1,789,590 528,640 0.0686
2022-10-27 2022-03-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 13,022,413 1,474,059 12.76 590,306 8.18 0.0796
2022-05-13 2022-03-31 13F CITIZENS FINL GROUP COM 174610105 13,022,413 1,474,059 590,306 0.0796
2022-02-14 2021-12-31 13F CITIZENS FINL GROUP COM 174610105 11,548,354 -156,176 -1.33 545,660 -0.77 0.0674
2021-11-15 2021-09-30 13F CITIZENS FINL GROUP COM 174610105 11,704,530 -452,907 -3.73 549,877 -1.40 0.0741
2021-08-23 2021-06-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 12,157,437 -236,974 -1.91 557,662 1.91 0.0736
2021-08-16 2021-06-30 13F CITIZENS FINL GROUP COM 174610105 12,157,437 -236,974 557,662 0.0153
2021-05-17 2021-03-31 13F CITIZENS FINANCIAL GROUP COM 174610105 12,394,411 3,038,621 32.48 547,212 63.56 0.0804
2021-02-16 2020-12-31 13F CITIZENS FINL GROUP COM 174610105 9,355,790 1,292,344 16.03 334,564 64.13 0.0517
2020-11-13 2020-09-30 13F CITIZENS FINL GROUP COM 174610105 8,063,446 1,943,818 31.76 203,844 31.97 0.0394
2020-08-14 2020-06-30 13F CITIZENS FINANCIAL GROUP COM 174610105 6,119,628 4,238,700 225.35 154,460 336.59 0.0342
2020-05-26 2020-03-31 13F/A-1 CITIZENS FINANCIAL GROUP COM 174610105 1,880,928 -1,892,347 -50.15 35,379 -76.91 0.0096
2020-05-15 2020-03-31 13F CITIZENS FINANCIAL GROUP COM 174610105 1,880,928 -1,892,347 35,379 2,717.8447
2020-02-14 2019-12-31 13F CITIZENS FINL GROUP COM 174610105 3,773,275 1,781,130 89.41 153,233 117.47 0.0356
2019-11-14 2019-09-30 13F CITIZENS FINL GROUP COM 174610105 1,992,145 -354,373 -15.10 70,462 -15.08 0.0187
2019-08-14 2019-06-30 13F CITIZENS FINL GROUP COM 174610105 2,346,518 73,771 3.25 82,972 12.33 0.0221
2019-05-15 2019-03-31 13F CITIZENS FINL GROUP COM 174610105 2,272,747 79,268 3.61 73,863 13.27 0.0209
2019-02-14 2018-12-31 13F CITIZENS FINL GROUP COM 174610105 2,193,479 -734,099 -25.08 65,212 -42.25 0.0195
2019-04-23 2018-09-30 13F/A-2 CITIZENS FINL GROUP COM 174610105 2,927,578 650,344 28.56 112,917 27.47 0.0283
2018-11-20 2018-09-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 2,927,578 0 112,917 0.0283
2018-11-14 2018-09-30 13F CITIZENS FINL GROUP COM 174610105 2,927,578 650,344 112,917
2019-04-23 2018-06-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 2,277,234 337,064 17.37 88,584 8.76 0.0239
2018-08-14 2018-06-30 13F CITIZENS FINL GROUP COM 174610105 2,277,234 337,064 88,584
2019-04-23 2018-03-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 1,940,170 -128,591 -6.22 81,450 -6.21 0.0226
2018-05-14 2018-03-31 13F CITIZENS FINL GROUP COM 174610105 1,940,170 -128,591 81,450
2019-04-23 2017-12-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 2,068,761 22,926 1.12 86,847 12.10 0.0238
2018-02-14 2017-12-31 13F CITIZENS FINL GROUP COM 174610105 2,068,761 22,926 86,847
2017-11-14 2017-09-30 13F CITIZENS FINL GROUP COM 174610105 2,045,835 -605,740 -22.84 77,474 -18.11 0.0232
2017-08-11 2017-06-30 13F CITIZENS FINL GROUP COM 174610105 2,651,575 -1,430,731 -35.05 94,608 -32.92 0.0286
2017-05-22 2017-03-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 4,082,306 2,171,368 113.63 141,044 107.15 0.0433
2017-05-12 2017-03-31 13F CITIZENS FINL GROUP COM 174610105 4,082,306 141,044
2017-02-22 2016-12-31 13F/A-1 CITIZENS FINL GROUP COM 174610105 1,910,938 -1,350,151 -41.40 68,087 -15.51 0.0223
2017-02-13 2016-12-31 13F CITIZENS FINL GROUP COM 174610105 1,910,938 68,087
2016-11-10 2016-09-30 13F CITIZENS FINL GROUP COM 174610105 3,261,089 -2,266,129 -41.00 80,582 -27.03 0.0275
2016-08-12 2016-06-30 13F CITIZENS FINL GROUP COM 174610105 5,527,218 2,218,552 67.05 110,434 59.32 0.0399
2016-05-12 2016-03-31 13F CITIZENS FINL GROUP COM 174610105 3,308,666 308,520 10.28 69,316 -11.78 0.0267
2016-02-09 2015-12-31 13F CITIZENS FINL GROUP COM 174610105 3,000,146 739,439 32.71 78,576 45.67 0.0284
2016-02-08 2015-09-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 2,260,707 -277,813 -10.94 53,941 -22.19 0.0199
2015-11-09 2015-09-30 13F CITIZENS FINL GROUP COM 174610105 2,260,707 53,941
2015-08-12 2015-06-30 13F CITIZENS FINL GROUP COM 174610105 2,538,520 1,167,985 85.22 69,327 109.62 0.0240
2015-05-14 2015-03-31 13F CITIZENS FINL GROUP COM 174610105 1,370,535 218,090 18.92 33,072 15.43 0.0122
2015-02-13 2014-12-31 13F CITIZENS FINL GROUP COM 174610105 1,152,445 -109,941 -8.71 28,650 -3.09 0.0105
2014-12-16 2014-09-30 13F/A-1 CITIZENS FINL GROUP COM 174610105 1,262,386 1,262,386 29,564 0.0114
2014-11-14 2014-09-30 13F CITIZENS FINL GROUP COM 174610105 1,262,386 29,564 0.0114
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.