VSE Corporation
US ˙ NasdaqGS ˙ US9182841000

SecurityVSEC / VSE Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership377,887 shares
Latest Disclosed Value $ 69,682,594
Morgan Stanley reports 87.21% increase in ownership of VSEC / VSE Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 377,887 shares of VSE Corporation (US:VSEC) valued at $69,682,363 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 201,857 shares of VSE Corporation. This represents a change in shares of 87.21% during the quarter. The current value of the position is $66,519,449 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 VSE COM 918284100 377,887 176,030 87.21 69,683 99.81 0.0042
2026-05-27 2025-12-31 13F/A-1 VSE COM 918284100 201,857 22,090 12.29 34,875 16.70 0.0021
2026-02-13 2025-12-31 13F VSE COM 918284100 201,857 22,090 34,875 0.0021
2026-05-27 2025-09-30 13F/A-1 VSE COM 918284100 179,767 -13,908 -7.18 29,885 17.81 0.0018
2025-11-14 2025-09-30 13F VSE COM 918284100 179,767 -13,908 29,885 0.0018
2025-08-15 2025-06-30 13F VSE COM 918284100 193,675 57,641 42.37 25,368 55.42 0.0017
2025-05-15 2025-03-31 13F VSE COM 918284100 136,034 -8,434 -5.84 16,323 18.81 0.0012
2025-05-15 2024-12-31 13F/A-1 VSE COM 918284100 144,468 -40,555 -21.92 13,739 -10.25 0.0010
2025-02-14 2024-12-31 13F VSE COM 918284100 144,468 -40,555 13,739 0.0010
2025-05-14 2024-09-30 13F/A-2 VSE COM 918284100 185,023 49,819 36.85 15,307 28.25 0.0011
2025-02-14 2024-09-30 13F/A-1 VSE COM 918284100 185,023 49,819 15,307 0.0011
2024-11-14 2024-09-30 13F VSE COM 918284100 185,023 49,819 15,307 0.0001
2025-05-14 2024-06-30 13F/A-2 VSE COM 918284100 135,204 37,587 38.50 11,936 52.84 0.0009
2024-10-17 2024-06-30 13F/A-1 VSE COM 918284100 135,204 37,587 11,936 0.0009
2024-08-14 2024-06-30 13F VSE COM 918284100 135,204 37,587 11,936 0.0009
2024-10-17 2024-03-31 13F/A-2 VSE COM 918284100 97,617 -6,319 -6.08 7,809 16.29 0.0006
2024-08-16 2024-03-31 13F/A-1 VSE COM 918284100 97,617 -6,319 7,809 0.0001
2024-05-15 2024-03-31 13F VSE COM 918284100 97,617 -6,319 7,809 0.0006
2024-08-16 2023-12-31 13F/A-1 VSE COM 918284100 103,936 33,366 47.28 6,715 88.68 0.0006
2024-02-13 2023-12-31 13F VSE COM 918284100 103,936 33,366 6,715 0.0006
2023-11-15 2023-09-30 13F VSE COM 918284100 70,570 8,872 14.38 3,560 5.48 0.0004
2023-08-14 2023-06-30 13F VSE COM 918284100 61,698 3,232 5.53 3,374 28.53 0.0003
2023-05-15 2023-03-31 13F VSE COM 918284100 58,466 510 0.88 2,625 -3.35 0.0003
2023-02-14 2022-12-31 13F VSE COM 918284100 57,956 33,128 133.43 2,717 208.99 0.0003
2022-11-14 2022-09-30 13F VSE COM 918284100 24,828 7 0.03 879 -5.79 0.0001
2022-10-27 2022-06-30 13F/A-1 VSE COM 918284100 24,821 1,608 6.93 933 -12.80 0.0001
2022-08-15 2022-06-30 13F VSE COM 918284100 24,821 1,608 933 0.0001
2022-10-27 2022-03-31 13F/A-1 VSE COM 918284100 23,213 1,503 6.92 1,070 -19.06 0.0001
2022-05-13 2022-03-31 13F VSE COM 918284100 23,213 1,503 1,070 0.0001
2022-02-14 2021-12-31 13F VSE COM 918284100 21,710 943 4.54 1,322 32.07 0.0002
2021-11-15 2021-09-30 13F VSE COM 918284100 20,767 15,794 317.60 1,001 306.91 0.0001
2021-08-23 2021-06-30 13F/A-1 VSE COM 918284100 4,973 733 17.29 246 46.43 0.0000
2021-08-16 2021-06-30 13F VSE COM 918284100 4,973 733 246 0.0000
2021-05-17 2021-03-31 13F VSE COM 918284100 4,240 -18,353 -81.23 168 -80.67 0.0000
2021-02-16 2020-12-31 13F VSE COM 918284100 22,593 21,078 1,391.29 869 1,789.13 0.0001
2020-11-13 2020-09-30 13F VSE COM 918284100 1,515 -2,051 -57.52 46 -58.93 0.0000
2020-08-14 2020-06-30 13F VSE COM 918284100 3,566 2,067 137.89 112 348.00 0.0000
2020-05-26 2020-03-31 13F/A-1 VSE COM 918284100 1,499 -11,275 -88.27 25 -94.87 0.0000
2020-05-15 2020-03-31 13F VSE COM 918284100 1,499 -11,275 25 1.9205
2020-02-14 2019-12-31 13F VSE COM 918284100 12,774 9,344 272.42 487 316.24 0.0001
2019-11-14 2019-09-30 13F VSE COM 918284100 3,430 -6,184 -64.32 117 -57.61 0.0000
2019-08-14 2019-06-30 13F VSE COM 918284100 9,614 -12,637 -56.79 276 -60.68 0.0001
2019-05-15 2019-03-31 13F VSE COM 918284100 22,251 -10,235 -31.51 702 -27.85 0.0002
2019-02-14 2018-12-31 13F VSE COM 918284100 32,486 -7,015 -17.76 973 -25.67 0.0003
2019-04-23 2018-09-30 13F/A-2 VSE COM 918284100 39,501 -34,958 -46.95 1,309 -63.20 0.0003
2018-11-20 2018-09-30 13F/A-1 VSE COM 918284100 39,501 0 1,309 0.0003
2018-11-14 2018-09-30 13F VSE COM 918284100 39,501 -34,958 1,309
2019-04-23 2018-06-30 13F/A-1 VSE COM 918284100 74,459 43,475 140.31 3,557 122.03 0.0010
2018-08-14 2018-06-30 13F VSE COM 918284100 74,459 43,475 3,557
2019-04-23 2018-03-31 13F/A-1 VSE COM 918284100 30,984 -1,529 -4.70 1,602 1.71 0.0004
2018-05-14 2018-03-31 13F VSE COM 918284100 30,984 -1,529 1,602
2019-04-23 2017-12-31 13F/A-1 VSE COM 918284100 32,513 1,718 5.58 1,575 -10.05 0.0004
2018-02-14 2017-12-31 13F VSE COM 918284100 32,513 1,718 1,575
2017-11-14 2017-09-30 13F VSE COM 918284100 30,795 4,214 15.85 1,751 46.40 0.0005
2017-08-11 2017-06-30 13F VSE COM 918284100 26,581 -4,683 -14.98 1,196 -6.27 0.0004
2017-05-22 2017-03-31 13F/A-1 VSE COM 918284100 31,264 -16,536 -34.59 1,276 -31.29 0.0004
2017-05-12 2017-03-31 13F VSE COM 918284100 31,264 1,276
2017-02-22 2016-12-31 13F/A-1 VSE COM 918284100 47,800 24,689 106.83 1,857 136.26 0.0006
2017-02-13 2016-12-31 13F VSE COM 918284100 47,800 1,857
2016-11-10 2016-09-30 13F VSE COM 918284100 23,111 5,869 34.04 786 -31.77 0.0003
2016-08-12 2016-06-30 13F VSE COM 918284100 17,242 4,981 40.62 1,152 38.46 0.0004
2016-05-12 2016-03-31 13F VSE COM 918284100 12,261 11,628 1,836.97 832 2,033.33 0.0003
2016-02-09 2015-12-31 13F VSE COM 918284100 633 -401 -38.78 39 -4.88 0.0000
2016-02-08 2015-09-30 13F/A-1 VSE COM 918284100 1,034 -9,528 -90.21 41 -92.74 0.0000
2015-11-09 2015-09-30 13F VSE COM 918284100 1,034 41
2015-08-12 2015-06-30 13F VSE COM 918284100 10,562 -18,369 -63.49 565 -76.15 0.0002
2015-05-14 2015-03-31 13F VSE COM 918284100 28,931 10,245 54.83 2,369 92.29 0.0009
2015-02-13 2014-12-31 13F VSE COM 918284100 18,686 -29,602 -61.30 1,232 -47.93 0.0005
2014-12-16 2014-09-30 13F/A-1 VSE COM 918284100 48,288 20,563 74.17 2,366 61.94 0.0009
2014-11-14 2014-09-30 13F VSE COM 918284100 48,288 2,366
2014-05-13 2014-03-31 13F VSE COM 918284100 27,725 -5,367 -16.22 1,461 -8.06 0.0006
2014-02-13 2013-12-31 13F VSE COM 918284100 33,092 10,970 49.59 1,589 52.94 0.0007
2013-11-13 2013-09-30 13F VSE CORP COM ST COM 918284100 22,122 9,954 81.80 1,039 107.80 0.0005
2013-08-08 2013-06-30 13F VSE CORP COM ST COM 918284100 12,168 12,168 500 0.0003
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.