Morgan Stanley reports 26.97% decrease in ownership of CNH / CNH Industrial N.V.

CNH Industrial N.V.

US ˙ NYSE ˙ NL0010545661

Security	CNH / CNH Industrial N.V.
Institution	Morgan Stanley
Latest Disclosed Ownership	7,397,890 shares
Latest Disclosed Value	$ 81,376,821

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 7,397,890 shares of CNH Industrial N.V. (US:CNH) valued at $81,376,790 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 10,130,435 shares of CNH Industrial N.V.. This represents a change in shares of -26.97% during the quarter. The current value of the position is $80,267,106 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	CNH INDL N V	SHS	N20944109	7,397,890	-2,732,545	-26.97	81,377	-12.88	0.0049
2026-05-27	2025-12-31	13F/A-1	CNH INDL N V	SHS	N20944109	10,130,435	-2,719,019	-21.16	93,403	-33.00	0.0056
2026-02-13	2025-12-31	13F	CNH INDL N V	SHS	N20944109	10,130,435	-2,719,019		93,403		0.0056
2026-05-27	2025-09-30	13F/A-1	CNH INDL N V	SHS	N20944109	12,849,454	436,938	3.52	139,417	-13.33	0.0084
2025-11-14	2025-09-30	13F	CNH INDL N V	SHS	N20944109	12,849,454	436,938		139,417		0.0084
2025-08-15	2025-06-30	13F	CNH INDL N V	SHS	N20944109	12,412,516	3,200,118	34.74	160,866	42.20	0.0105
2025-05-15	2025-03-31	13F	CNH INDL N V	SHS	N20944109	9,212,398	-457,093	-4.73	113,128	3.26	0.0081
2025-05-15	2024-12-31	13F/A-1	CNH INDL N V	SHS	N20944109	9,669,491	-3,632,660	-27.31	109,555	-25.80	0.0077
2025-02-14	2024-12-31	13F	CNH INDL N V	SHS	N20944109	9,669,491	-3,632,660		109,555		0.0077
2025-05-14	2024-09-30	13F/A-2	CNH INDL N V	SHS	N20944109	13,302,151	566,720	4.45	147,654	14.45	0.0107
2025-02-14	2024-09-30	13F/A-1	CNH INDL N V	SHS	N20944109	13,302,151	566,720		147,654		0.0107
2024-11-14	2024-09-30	13F	CNH INDL N V	SHS	N20944109	13,302,151	566,720		147,654		0.0107
2025-05-14	2024-06-30	13F/A-2	CNH INDL N V	SHS	N20944109	12,735,431	5,343,583	72.29	129,010	34.67	0.0100
2024-10-17	2024-06-30	13F/A-1	CNH INDL N V	SHS	N20944109	12,735,431	5,343,583		129,010		0.0100
2024-08-14	2024-06-30	13F	CNH INDL N V	SHS	N20944109	12,735,431	5,343,583		129,010		0.0100
2024-10-17	2024-03-31	13F/A-2	CNH INDL N V	SHS	N20944109	7,391,848	-2,348,813	-24.11	95,798	-19.25	0.0077
2024-08-16	2024-03-31	13F/A-1	CNH INDL N V	SHS	N20944109	7,391,848	-2,348,813		95,798		0.0009
2024-05-15	2024-03-31	13F	CNH INDL N V	SHS	N20944109	7,391,848	-2,348,813		95,798		0.0077
2024-08-16	2023-12-31	13F/A-1	CNH INDL N V	SHS	N20944109	9,740,661	7,164,435	278.10	118,641	280.60	0.0105
2024-02-13	2023-12-31	13F	CNH INDL N V	SHS	N20944109	9,740,661	7,164,435		118,641		0.0105
2023-11-15	2023-09-30	13F	CNH INDL N V	SHS	N20944109	2,576,226	63,671	2.53	31,172	-13.84	0.0032
2023-08-14	2023-06-30	13F	CNH INDL N V	SHS	N20944109	2,512,555	-1,105,192	-30.55	36,181	-34.51	0.0036
2023-05-15	2023-03-31	13F	CNH INDL N V	SHS	N20944109	3,617,747	280,949	8.42	55,243	3.09	0.0059
2023-02-14	2022-12-31	13F	CNH INDL N V	SHS	N20944109	3,336,798	1,499,694	81.63	53,589	161.14	0.0061
2022-11-14	2022-09-30	13F	CNH INDL N V	SHS	N20944109	1,837,104	-133,088	-6.76	20,521	-10.13	0.0028
2022-10-27	2022-06-30	13F/A-1	CNH INDL N V	SHS	N20944109	1,970,192	440,365	28.79	22,834	-5.89	0.0030
2022-08-15	2022-06-30	13F	CNH INDL N V	SHS	N20944109	1,970,192	440,365		22,834		0.0006
2022-10-27	2022-03-31	13F/A-1	CNH INDL N V	SHS	N20944109	1,529,827	1,060,184	225.74	24,262	165.88	0.0033
2022-05-13	2022-03-31	13F	CNH INDL N V	SHS	N20944109	1,529,827	1,060,184		24,262		0.0033
2022-02-14	2021-12-31	13F	CNH INDL N V	SHS	N20944109	469,643	-84,198	-15.20	9,125	-0.80	0.0011
2021-11-15	2021-09-30	13F	CNH INDL N V	SHS	N20944109	553,841	-248,101	-30.94	9,199	-31.39	0.0012
2021-08-23	2021-06-30	13F/A-1	CNH INDL N V	SHS	N20944109	801,942	-272,547	-25.37	13,407	-20.22	0.0018
2021-08-16	2021-06-30	13F	CNH INDL N V	SHS	N20944109	801,942	-272,547		13,407		0.0004
2021-05-17	2021-03-31	13F	CNH INDL N V	SHS	N20944109	1,074,489	942,228	712.40	16,805	889.69	0.0025
2021-02-16	2020-12-31	13F	CNH INDL N V	SHS	N20944109	132,261	-161,786	-55.02	1,698	-26.17	0.0003
2020-11-13	2020-09-30	13F	CNH INDL N V	SHS	N20944109	294,047	-763,928	-72.21	2,300	-69.08	0.0004
2020-08-14	2020-06-30	13F	CNH INDL N V	SHS	N20944109	1,057,975	-2,939,849	-73.54	7,438	-66.84	0.0016
2020-05-26	2020-03-31	13F/A-1	CNH INDL N V	SHS	N20944109	3,997,824	-888,550	-18.18	22,428	-58.27	0.0061
2020-05-15	2020-03-31	13F	CNH INDL N V	SHS	N20944109	3,997,824	-888,550		22,428		1,722.9379
2020-02-14	2019-12-31	13F	CNH INDL N V	SHS	N20944109	4,886,374	-1,265,738	-20.57	53,748	-13.92	0.0125
2019-11-14	2019-09-30	13F	CNH INDL N V	SHS	N20944109	6,152,112	3,335,557	118.43	62,443	115.66	0.0165
2019-08-14	2019-06-30	13F	CNH INDL N V	SHS	N20944109	2,816,555	-1,491,601	-34.62	28,954	-34.11	0.0077
2019-05-15	2019-03-31	13F	CNH INDL N V	SHS	N20944109	4,308,156	1,493,028	53.04	43,943	69.49	0.0124
2019-02-14	2018-12-31	13F	CNH INDL N V	SHS	N20944109	2,815,128	542,906	23.89	25,927	-4.99	0.0078
2019-04-23	2018-09-30	13F/A-2	CNH INDL N V	SHS	N20944109	2,272,222	-1,663,824	-42.27	27,290	-34.16	0.0068
2018-11-20	2018-09-30	13F/A-1	CNH INDL N V	SHS	N20944109	2,272,222	0		27,290		0.0068
2018-11-14	2018-09-30	13F	CNH INDL N V	SHS	N20944109	2,272,222	-1,663,824		27,290
2019-04-23	2018-06-30	13F/A-1	CNH INDL N V	SHS	N20944109	3,936,046	-1,680,977	-29.93	41,447	-40.49	0.0112
2018-08-14	2018-06-30	13F	CNH INDL N V	SHS	N20944109	3,936,046	-1,680,977		41,447
2019-04-23	2018-03-31	13F/A-1	CNH INDL N V	SHS	N20944109	5,617,023	1,182,048	26.65	69,652	17.20	0.0193
2018-05-14	2018-03-31	13F	CNH INDL N V	SHS	N20944109	5,617,023	1,182,048		69,652
2019-04-23	2017-12-31	13F/A-1	CNH INDL N V	SHS	N20944109	4,434,975	2,116,704	91.31	59,429	113.44	0.0163
2018-02-14	2017-12-31	13F	CNH INDL N V	SHS	N20944109	4,434,975	2,116,704		59,429
2017-11-14	2017-09-30	13F	CNH INDL N V	SHS	N20944109	2,318,271	458,949	24.68	27,843	31.60	0.0083
2017-08-11	2017-06-30	13F	CNH INDL N V	SHS	N20944109	1,859,322	961,266	107.04	21,158	144.40	0.0064
2017-05-22	2017-03-31	13F/A-1	CNH INDL N V	SHS	N20944109	898,056	-375,095	-29.46	8,657	-21.76	0.0027
2017-05-12	2017-03-31	13F	CNH INDL N V	SHS	N20944109	898,056			8,657
2017-02-22	2016-12-31	13F/A-1	CNH INDL N V	SHS	N20944109	1,273,151	489,626	62.49	11,065	95.56	0.0036
2017-02-13	2016-12-31	13F	CNH INDL N V	SHS	N20944109	1,273,151			11,065
2016-11-10	2016-09-30	13F	CNH INDL N V	SHS	N20944109	783,525	192,447	32.56	5,658	33.85	0.0019
2016-08-12	2016-06-30	13F	CNH INDL N V	SHS	N20944109	591,078	141,866	31.58	4,227	39.23	0.0015
2016-05-12	2016-03-31	13F	CNH INDL N V	SHS	N20944109	449,212	79,964	21.66	3,036	20.19	0.0012
2016-02-09	2015-12-31	13F	CNH INDL N V	SHS	N20944109	369,248	15,292	4.32	2,526	9.49	0.0009
2016-02-08	2015-09-30	13F/A-1	CNH INDL N V	SHS	N20944109	353,956	-4,504	-1.26	2,307	-30.64	0.0009
2015-11-09	2015-09-30	13F	CNH INDL N V	SHS	N20944109	353,956			2,307
2015-08-12	2015-06-30	13F	CNH INDL N V	SHS	N20944109	358,460	-44,395	-11.02	3,326	1.19	0.0012
2015-05-14	2015-03-31	13F	CNH INDL N V	SHS	N20944109	402,855	97,065	31.74	3,287	33.40	0.0012
2015-02-13	2014-12-31	13F	CNH INDL N V	SHS	N20944109	305,790	-76,524	-20.02	2,464	-18.73	0.0009
2014-12-16	2014-09-30	13F/A-1	CNH INDL N V	SHS	N20944109	382,314	304,547	391.61	3,032	280.90	0.0012
2014-11-14	2014-09-30	13F	CNH INDL N V	SHS	N20944109	382,314			3,032
2014-08-12	2014-06-30	13F	CNH INDL N V	SHS	N20944109	77,767	2,856	3.81	796	-7.66	0.0014
2014-05-13	2014-03-31	13F	CNH INDL N V	SHS	N20944109	74,911	-53,253	-41.55	862	-40.76	0.0004
2014-02-13	2013-12-31	13F	CNH INDL N V	SHS	N20944109	128,164	128,164		1,455		0.0006

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.