Citizens, Inc.
US ˙ NYSE ˙ US1747401008

SecurityCIA / Citizens, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership24,040 shares
Latest Disclosed Value $ 120,922
Morgan Stanley reports 58.81% decrease in ownership of CIA / Citizens, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 24,040 shares of Citizens, Inc. (US:CIA) valued at $120,921 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 58,360 shares of Citizens, Inc.. This represents a change in shares of -58.81% during the quarter. The current value of the position is $123,085 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 CL A 174740100 24,040 -34,320 -58.81 121 -57.30 0.0000
2026-05-27 2025-12-31 13F/A-1 CITIZENS CL A 174740100 58,360 22,863 64.41 282 51.08 0.0000
2026-02-13 2025-12-31 13F CITIZENS CL A 174740100 58,360 22,863 282 0.0000
2026-05-27 2025-09-30 13F/A-1 CITIZENS CL A 174740100 35,497 -24,535 -40.87 186 -11.00 0.0000
2025-11-14 2025-09-30 13F CITIZENS CL A 174740100 35,497 -24,535 186 0.0000
2025-08-15 2025-06-30 13F CITIZENS CL A 174740100 60,032 38,918 184.32 210 117.71 0.0000
2025-05-15 2025-03-31 13F CITIZENS CL A 174740100 21,114 11,095 110.74 96 140.00 0.0000
2025-05-15 2024-12-31 13F/A-1 CITIZENS CL A 174740100 10,019 9,566 2,111.70 40 3,900.00 0.0000
2025-02-14 2024-12-31 13F CITIZENS CL A 174740100 10,019 9,566 40 0.0000
2025-05-14 2024-09-30 13F/A-2 CITIZENS CL A 174740100 453 -264 -36.82 2 0.00 0.0000
2025-02-14 2024-09-30 13F/A-1 CITIZENS CL A 174740100 453 -264 2 0.0000
2024-11-14 2024-09-30 13F CITIZENS CL A 174740100 453 -264 2 0.0000
2025-05-14 2024-06-30 13F/A-2 CITIZENS CL A 174740100 717 -33,420 -97.90 2 -98.63 0.0000
2024-10-17 2024-06-30 13F/A-1 CITIZENS CL A 174740100 717 -33,420 2 0.0000
2024-08-14 2024-06-30 13F CITIZENS CL A 174740100 717 -33,420 2 0.0000
2024-10-17 2024-03-31 13F/A-2 CITIZENS CL A 174740100 34,137 -24,401 -41.68 73 -53.50 0.0000
2024-08-16 2024-03-31 13F/A-1 CITIZENS CL A 174740100 34,137 -24,401 73 0.0000
2024-05-15 2024-03-31 13F CITIZENS CL A 174740100 34,137 -24,401 73 0.0000
2024-08-16 2023-12-31 13F/A-1 CITIZENS CL A 174740100 58,538 58,275 22,157.79 157 0.0000
2024-02-13 2023-12-31 13F CITIZENS CL A 174740100 58,538 58,275 157 0.0000
2023-11-15 2023-09-30 13F CITIZENS CL A 174740100 263 0 0.00 1 0.0000
2023-08-14 2023-06-30 13F CITIZENS CL A 174740100 263 -12,227 -97.89 1 -100.00 0.0000
2023-05-15 2023-03-31 13F CITIZENS CL A 174740100 12,490 6,459 107.10 46 283.33 0.0000
2023-02-14 2022-12-31 13F CITIZENS CL A 174740100 6,031 -108,638 -94.74 13 -96.86 0.0000
2022-11-14 2022-09-30 13F CITIZENS CL A 174740100 114,669 -133,731 -53.84 382 -63.27 0.0001
2022-10-27 2022-06-30 13F/A-1 CITIZENS CL A 174740100 248,400 219,738 766.65 1,040 752.46 0.0001
2022-08-15 2022-06-30 13F CITIZENS CL A 174740100 248,400 219,738 1,040 0.0001
2022-10-27 2022-03-31 13F/A-1 CITIZENS CL A 174740100 28,662 -7,338 -20.38 122 -36.13 0.0000
2022-05-13 2022-03-31 13F CITIZENS CL A 174740100 28,662 -7,338 122 0.0000
2022-02-14 2021-12-31 13F CITIZENS CL A 174740100 36,000 3,519 10.83 191 -5.45 0.0000
2021-11-15 2021-09-30 13F CITIZENS CL A 174740100 32,481 -15,670 -32.54 202 -20.47 0.0000
2021-08-23 2021-06-30 13F/A-1 CITIZENS CL A 174740100 48,151 28,998 151.40 254 128.83 0.0000
2021-08-16 2021-06-30 13F CITIZENS CL A 174740100 48,151 28,998 254 0.0000
2021-05-17 2021-03-31 13F CITIZENS CL A 174740100 19,153 -17,782 -48.14 111 -47.64 0.0000
2021-02-16 2020-12-31 13F CITIZENS CL A 174740100 36,935 32,107 665.02 212 685.19 0.0000
2020-11-13 2020-09-30 13F CITIZENS CL A 174740100 4,828 -11,796 -70.96 27 -72.73 0.0000
2020-08-14 2020-06-30 13F CITIZENS CL A 174740100 16,624 11,598 230.76 99 200.00 0.0000
2020-05-26 2020-03-31 13F/A-1 CITIZENS CL A 174740100 5,026 -62,820 -92.59 33 -92.79 0.0000
2020-05-15 2020-03-31 13F CITIZENS CL A 174740100 5,026 -62,820 33 2.5351
2020-02-14 2019-12-31 13F CITIZENS CL A 174740100 67,846 52,135 331.84 458 328.04 0.0001
2019-11-14 2019-09-30 13F CITIZENS CL A 174740100 15,711 12,777 435.48 107 409.52 0.0000
2019-08-14 2019-06-30 13F CITIZENS CL A 174740100 2,934 -6,539 -69.03 21 -66.67 0.0000
2019-05-15 2019-03-31 13F CITIZENS CL A 174740100 9,473 -68,335 -87.83 63 -89.25 0.0000
2019-02-14 2018-12-31 13F CITIZENS CL A 174740100 77,808 -31,177 -28.61 586 -36.03 0.0002
2019-04-23 2018-09-30 13F/A-2 CITIZENS CL A 174740100 108,985 -5,864 -5.11 916 2.35 0.0002
2018-11-20 2018-09-30 13F/A-1 CITIZENS CL A 174740100 108,985 0 916 0.0002
2018-11-14 2018-09-30 13F CITIZENS CL A 174740100 108,985 -5,864 916
2019-04-23 2018-06-30 13F/A-1 CITIZENS CL A 174740100 114,849 6,302 5.81 895 12.58 0.0002
2018-08-14 2018-06-30 13F CITIZENS CL A 174740100 114,849 6,302 895
2019-04-23 2018-03-31 13F/A-1 CITIZENS CL A 174740100 108,547 8,260 8.24 795 7.87 0.0002
2018-05-14 2018-03-31 13F CITIZENS CL A 174740100 108,547 8,260 795
2019-04-23 2017-12-31 13F/A-1 CITIZENS CL A 174740100 100,287 34,956 53.51 737 53.54 0.0002
2018-02-14 2017-12-31 13F CITIZENS CL A 174740100 100,287 34,956 737
2017-11-14 2017-09-30 13F CITIZENS CL A 174740100 65,331 545 0.84 480 0.42 0.0001
2017-08-11 2017-06-30 13F CITIZENS CL A 174740100 64,786 3,731 6.11 478 5.29 0.0001
2017-05-22 2017-03-31 13F/A-1 CITIZENS CL A 174740100 61,055 -74,143 -54.84 454 -65.81 0.0001
2017-05-12 2017-03-31 13F CITIZENS CL A 174740100 61,055 454
2017-02-22 2016-12-31 13F/A-1 CITIZENS CL A 174740100 135,198 125,695 1,322.69 1,328 1,392.13 0.0004
2017-02-13 2016-12-31 13F CITIZENS CL A 174740100 135,198 1,328
2016-11-10 2016-09-30 13F CITIZENS CL A 174740100 9,503 9,503 -92.97 89 -93.30 0.0000
2016-05-12 2016-03-31 13F CITIZENS CL A 174740100 0 -1,833 -100.00 0 -100.00
2016-02-09 2015-12-31 13F CITIZENS CL A 174740100 1,833 -171 -8.53 14 -6.67 0.0000
2016-02-08 2015-09-30 13F/A-1 CITIZENS CL A 174740100 2,004 -1,533 -43.34 15 -42.31 0.0000
2015-11-09 2015-09-30 13F CITIZENS CL A 174740100 2,004 15
2015-08-12 2015-06-30 13F CITIZENS CL A 174740100 3,537 -1,171 -24.87 26 -10.34 0.0000
2015-05-14 2015-03-31 13F CITIZENS CL A 174740100 4,708 -3,527 -42.83 29 -53.97 0.0000
2015-02-13 2014-12-31 13F CITIZENS CL A 174740100 8,235 5,450 195.69 63 250.00 0.0000
2014-12-16 2014-09-30 13F/A-1 CITIZENS CL A 174740100 2,785 -6,471 -69.91 18 -73.53 0.0000
2014-11-14 2014-09-30 13F CITIZENS CL A 174740100 2,785 18
2014-08-12 2014-06-30 13F CITIZENS CL A 174740100 9,256 -1,966 -17.52 68 -18.07 0.0001
2014-05-13 2014-03-31 13F CITIZENS CL A 174740100 11,222 -7,853 -41.17 83 -50.30 0.0000
2014-02-13 2013-12-31 13F CITIZENS CL A 174740100 19,075 8,446 79.46 167 165.08 0.0001
2013-08-08 2013-06-30 13F CITIZENS INC CL A COM 174740100 10,629 10,629 63 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.