Morgan Stanley discloses 8.3% LandBridge (LB) stake in Schedule 13G/A filing

Rhea-AI Filing Summary

Morgan Stanley and Morgan Stanley Investment Management Inc. report passive ownership of LandBridge Co LLC Class A Shares. They beneficially own 2,110,782 shares, representing 8.3% of the class, as of 01/31/2026. The firms state the position is held in the ordinary course of business, without the purpose or effect of changing or influencing control of LandBridge.

Insights

Equity ownership and disclosure analyst

Morgan Stanley reports an 8.3% passive stake in LandBridge.

The filing shows Morgan Stanley and Morgan Stanley Investment Management Inc. together beneficially own 2,110,782 LandBridge Class A Shares, or 8.3% of the class as of 01/31/2026. Voting and dispositive powers are primarily shared rather than sole.

The certification states the shares were acquired and are held in the ordinary course of business and not to change or influence control. The use of a Schedule 13G/A and this language indicate a passive investment posture, with no disclosed control intentions.

The filing also notes that it only reflects securities beneficially owned by certain Morgan Stanley operating units, with other units disaggregated. Future ownership disclosures in later beneficial ownership statements, if any, would clarify whether this stake changes over time.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

LandBridge Co LLC

(Name of Issuer)

Class A Shares

(Title of Class of Securities)

514952100

(CUSIP Number)

01/31/2026

(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)

SCHEDULE 13G

CUSIP No. 514952100

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 1,962,543.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,110,782.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,110,782.00

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)

8.3 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 514952100

1

Names of Reporting Persons

Morgan Stanley Investment Management Inc.

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 1,956,616.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,104,036.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,104,036.00

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)

8.3 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LandBridge Co LLC
(b)	Address of issuer's principal executive offices: 5555 SAN FELIPE STREET, SUITE 1200, HOUSTON, TX, 77056
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Investment Management Inc.
(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: Class A Shares
(e)	CUSIP No.: 514952100
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: 8.3 %
(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.
	Not Applicable
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:	Christopher O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	02/06/2026

Morgan Stanley Investment Management Inc.

Signature:	Deidre A. Downes
Name/Title:	Authorized Signatory, Morgan Stanley Investment Management Inc.
Date:	02/06/2026

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 stake does Morgan Stanley report in LandBridge Co LLC (LB)?

Morgan Stanley and Morgan Stanley Investment Management Inc. report beneficial ownership of 2,110,782 LandBridge Class A Shares, representing 8.3% of the class as of January 31, 2026. This makes them a significant institutional holder disclosed under Schedule 13G/A rules.

Is Morgan Stanley’s LandBridge (LB) position a passive investment?

Yes. The filing certifies the LandBridge Class A Shares were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer, consistent with a passive Schedule 13G filing status.

How many LandBridge (LB) shares does Morgan Stanley have voting power over?

Morgan Stanley reports shared voting power over 1,962,543 LandBridge Class A Shares, with no sole voting power. Morgan Stanley Investment Management Inc. reports shared voting power over 1,956,616 shares, reflecting how voting authority is allocated within the group.

What dispositive power does Morgan Stanley report over LandBridge (LB) shares?

Morgan Stanley reports shared dispositive power over 2,110,782 LandBridge Class A Shares and no sole dispositive power. Morgan Stanley Investment Management Inc. reports shared dispositive power over 2,104,036 shares, indicating shared authority over decisions to sell or otherwise dispose of the securities.

Why is this LandBridge (LB) Schedule 13G/A labeled Amendment No. 3?

The document is marked Amendment No. 3, indicating it updates prior Schedule 13G filings for LandBridge. Amendments are required when material changes occur in ownership details, such as percentage held or voting/dispositive power, relative to previously reported positions.

Who signed the Morgan Stanley Schedule 13G/A for LandBridge (LB)?

The filing is signed by Christopher O'Hara as Authorized Signatory for Morgan Stanley and Deidre A. Downes as Authorized Signatory for Morgan Stanley Investment Management Inc., certifying that the information provided about LandBridge share ownership is true, complete, and correct.