Morgan Stanley units amend 13G/A, report 4.9% stake in Clough Global (GLQ)

Rhea-AI Filing Summary

Clough Global Equity Fund ownership update: two Morgan Stanley reporting entities filed an amended Schedule 13G/A reporting beneficial ownership of 4.9% of the issuer's common stock. The filing states shared dispositive power of 929,606 and 924,952 shares for the respective reporting units and notes that each has "ceased to be the beneficial owner of more than five percent of the class of securities" as of the dates shown.

Insights

Institutional Ownership Analyst

13G/A shows passive institutional holdings now below the 5% threshold.

The filing lists two MS reporting units with 4.9% ownership and specific shared dispositive power counts: 929,606 and 924,952 shares respectively. The entities state they have "ceased to be the beneficial owner of more than five percent," signaling removal of the >5% filing status.

The practical effect is administrative: reduced reporting obligations tied to the >5% threshold. Subsequent Form 13 filings would reflect any future ownership changes.

Compliance / SEC Filings Specialist

Amendment aligns disclosures with Release No. 34-39538 aggregation guidance.

The amendment references the Release No. 34-39538 framework and attaches Exhibits 99.1 and 99.2. It attributes holdings to MS Reporting Units and clarifies which units are included in the aggregation.

From a compliance standpoint, the filing documents that the reporting units no longer cross the 5% ownership trigger; firms will retain recordkeeping and must amend if ownership crosses the threshold again.

Key Figures

Reported ownership percentage: 4.9% Shared dispositive power (MS Reporting Unit 1): 929,606 shares Shared dispositive power (MS Reporting Unit 2): 924,952 shares +2 more

5 metrics

Reported ownership percentage 4.9% Amendment No. 4 to Schedule 13G/A

Shared dispositive power (MS Reporting Unit 1) 929,606 shares Filed for Morgan Stanley reporting unit

Shared dispositive power (MS Reporting Unit 2) 924,952 shares Filed for Morgan Stanley Smith Barney LLC

CUSIP 18914C100 Clough Global Equity Fund common stock

Signature dates 05/11/2026 Authorized signatories for both filers

Key Terms

Schedule 13G/A, MS Reporting Units, shared dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 4 Clough Global Equity Fund Common Stock"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

MS Reporting Units regulatory

"this filing reflects the securities beneficially owned by certain operating units"

shared dispositive power financial

"Shared Dispositive Power 929,606.00"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Clough Global Equity Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

18914C100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 18914C100

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,655.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 929,606.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

929,606.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

HC, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

CUSIP Number(s): 18914C100

1

Names of Reporting Persons

Morgan Stanley Smith Barney LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 924,952.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

924,952.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

BD, IA, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley Smith Barney LLC has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Clough Global Equity Fund
(b)	Address of issuer's principal executive offices: 1700 BROADWAY, SUITE 2100, DENVER, CO, 80290
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Smith Barney LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway, New York, NY 10036
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 18914C100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	05/11/2026

Morgan Stanley Smith Barney LLC

Signature:	David Galasso
Name/Title:	Authorized Signatory, Morgan Stanley Smith Barney LLC
Date:	05/11/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

What does Morgan Stanley report for GLQ ownership?

Morgan Stanley reports beneficial ownership of 4.9% of GLQ common stock, with shared dispositive power of 929,606 shares for one reporting unit. The amendment states the firm "ceased to be the beneficial owner of more than five percent."

Which Morgan Stanley entities filed the Schedule 13G/A for GLQ?

The filing was made by Morgan Stanley and Morgan Stanley Smith Barney LLC, both listed with Delaware citizenship and the principal business address at 1585 Broadway, New York. Each signed the amendment on 05/11/2026.

What voting or dispositive powers are reported in the amendment?

The amendment discloses shared voting power and shared dispositive power figures: one reporting unit shows 4,655 shared votes and 929,606 shared dispositive shares; the other shows 1 shared vote and 924,952 shared dispositive shares.

Does this filing change reporting requirements for Morgan Stanley on GLQ?

Yes. By reporting ownership at 4.9% and stating they have ceased to be beneficial owners above five percent, the entities indicate they no longer meet the >5% threshold that triggers certain reporting obligations under Section 13.