Morgan Stanley Increases Stake in thyssenkrupp AG to 5.1%

thyssenkrupp AG has received notification of a change in voting rights held by Morgan Stanley, resulting in an increased stake of 5.1% in the German industrial conglomerate, according to a regulatory filing on March 20, 2026. This represents an increase from the previous notification of 4.54%.

Details of the Shareholding

As of March 17, 2026, Morgan Stanley’s total position in thyssenkrupp AG consists of 5.1% of voting rights, comprised of 1.41% attached to shares and 3.68% through instruments. This translates to a total of 622,531,741 voting rights, according to the notification filed via EQS Group.

Breakdown of Voting Rights

• Voting Rights Attached to Shares: Morgan Stanley holds 8,807,782 shares, representing 1.41% of the total voting rights.
• Instruments: The firm holds various financial instruments, including equity call options, rights of recall over securities lending agreements, equity put options, retail structured products and equity swaps, representing 3.68% of the voting rights.

Instruments Held by Morgan Stanley

A detailed breakdown of the instruments held by Morgan Stanley includes:

• Equity Call Option: 8,148,600 voting rights (1.31%) with an exercise period between May 15, 2026, and December 18, 2026.
• Right of Recall over Securities Lending Agreements: 2,883,902 voting rights (0.46%).
• Equity Put Option: 982,000 voting rights (0.16%) with an expiration period between June 19, 2026, and December 18, 2026.
• Retail Structured Product: 1,167 voting rights (0%).
• Equity Swap: 10,702,683 voting rights (1.72%) expiring on November 4, 2030.
• Retail Structured Product – Warrant: 158,096 voting rights (0.03%) with an exercise period between June 19, 2026, and December 17, 2027.
• Compound Option: 29,616 voting rights (0.01%) expiring between December 23, 2030, and February 6, 2031.
• Retail Structured Product – Note: 7,954 voting rights (0%) expiring on February 20, 2029.

Corporate Structure

Morgan Stanley’s holdings are distributed through a complex corporate structure, including entities such as Morgan Stanley Capital Management, LLC, Morgan Stanley Domestic Holdings, LLC, and Morgan Stanley International Holdings Inc. EQS News provides the full chain of controlled undertakings.

thyssenkrupp Shareholder Structure

thyssenkrupp AG’s shareholder structure includes approximately 200,000 shareholders. The Alfried Krupp von Bohlen und Halbach Foundation holds approximately 21% of the voting rights, while institutional investors and significant shareholders hold around 74% of the capital stock. thyssenkrupp Investor Relations provides further details on the company’s shareholder base.

This announcement follows other recent voting rights disclosures, including one on March 16, 2026, regarding BlackRock, Inc.’s stake in thyssenkrupp AG. Boersennews reported on BlackRock’s increased holding to 5.45%.