TYG Ownership Update: Morgan Stanley Files 13G/A for 6.1% Position
Rhea-AI Filing Summary
On 08/05/2025, Morgan Stanley and its subsidiary Morgan Stanley Smith Barney LLC filed Amendment No. 2 to Schedule 13G on Tortoise Energy Infrastructure Corp. (TYG), reflecting holdings as of 06/30/2025. The group reports beneficial ownership of 1,045,172 common shares, equal to 6.1 % of the company’s outstanding stock.
Morgan Stanley lists 0 shares of sole voting or dispositive power but shared voting power over 688 shares and shared dispositive power over the full 1.05 million-share position. Morgan Stanley Smith Barney LLC shows shared voting power over 1 share and shared dispositive power over 1,044,485 shares. The filing is made under Rule 13d-1(b), classifying Morgan Stanley as a parent holding company (HC/CO) and MSSB as a broker-dealer and investment adviser (BD/IA/CO).
The certification states the shares were acquired and are held in the ordinary course of business and not to influence control of TYG. Signatories are Christopher O’Hara (Morgan Stanley) and David Galasso (MSSB).
Positive
- None.
Negative
- None.
Insights
TL;DR: Morgan Stanley discloses a passive 6.1 % stake in TYG; modestly positive for institutional sponsorship.
This 13G/A signals that a major global financial institution maintains a >5 % position, adding credibility and liquidity to TYG’s shareholder base. Because the filing is on Form 13G rather than 13D, it is deemed passive, implying no activist agenda. The low shared voting power (688 shares) suggests the position is largely custodial or client-directed, while Morgan Stanley retains shared dispositive power over the entire block, enabling trade execution. Overall impact on valuation should be limited, yet the presence of a well-resourced holder can facilitate secondary offerings or market support.
TL;DR: Filing is governance-neutral; no control intent, but keeps TYG on institutional radar.
Schedule 13G filings above 5 % trigger transparency requirements. Morgan Stanley’s certification that it does not seek to influence control limits governance ramifications. The modest voting power confirms the stake is fragmented across advisory accounts, reducing coordination risk. From a governance standpoint, the disclosure simply updates ownership records; board dynamics remain unchanged. Investors should watch future filings for any migration to a Form 13D, which would indicate a strategic or activist shift.