Form NPORT-P Morgan Stanley Insight For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0001002427
          XXXXXXXX
        
      
      
      
      
        S000002337
        C000216311
        C000126925
        C000155915
        C000006127
        C000006130
        C000006129
      
      
      
    
  
  
    
      Morgan Stanley Insight Fund
      811-07377
      0001002427
      54930088ZHK6FN0CHD61
      522 FIFTH AVENUE
      NEW YORK
      
      10036
      800-548-7786
      Morgan Stanley Insight Fund
      S000002337
      54930088ZHK6FN0CHD61
      2022-12-31
      2022-03-31
      N
    
    
      3846315149.46
      56925600.64
      3789389548.82
      0.00000000
      45675090.63000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      14216880.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
        
        
        
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Goldman Sachs & Co. LLC
        FOR8UP27PHTHYVLBNG30
        
        000000000
        
          
        
        1670325800.09000000
        OU
        Notional Amount
        USD
        1862413.27000000
        0.049148108052
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Goldman Sachs & Co. LLC
              FOR8UP27PHTHYVLBNG30
            
            Call
            Purchased
            
              
                
                  
                    Goldman Sachs & Co. LLC
                    FOR8UP27PHTHYVLBNG30
                  
                  
                    Goldman Sachs & Co. LLC
                    FOR8UP27PHTHYVLBNG30
                    
                    N/A
                    
                      
                    
                    1.00000000
                    NC
                    USD
                    1862413.27000000
                    0.05000000
                    DFE
                    
                    US
                  
                  12143268567.00000000
                  CNY
                  1670325800.00000000
                  USD
                  2022-11-10
                
              
            
            1.00000000
            7.27000000
            USD
            2022-11-10
            XXXX
            -6156177.82000000
          
        
        
          N
          N
          N
        
      
      
        10X Genomics Inc
        5493003Z6741WNLG7H43
        
        88025U109
        
          
        
        706818.00000000
        NS
        USD
        53767645.26000000
        1.418899919559
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Twitter Inc
        549300I8RX485XMK6836
        
        90184L102
        
          
        
        1412318.00000000
        NS
        USD
        54642583.42000000
        1.441989078082
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HSBC Securities (USA) Inc.
        CYYGQCGNHMHPSMRL3R97
        
        000000000
        
          
        
        1270201.71467048
        PA
        USD
        1270201.71467048
        0.033519956138
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          0.30000000
          2022-04-01
          
            
              1278575.55146100
              USD
              1295608.36430927
              USD
              UST
            
          
        
        
          
          N
          N
        
      
      
        Redfin Corp
        549300HXWD3JEMZU3O57
        
        75737F108
        
          
        
        560293.00000000
        NS
        USD
        10107685.72000000
        0.266736517578
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SWAP CITIBANK BOC
        N/A
        
        000000000
        
          
        
        -340000.00000000
        NS
        USD
        -340000.00000000
        -0.00897242143
        Short
        STIV
        CORP
        US
        N
        
        2
        
          N
          N
          N
        
      
      
        Merrill Lynch, Pierce, Fenner & Smith Incorporated
        8NAV47T0Y26Q87Y0QP81
        
        000000000
        
          
        
        115588.35603501
        PA
        USD
        115588.35603501
        0.003050316008
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          0.20000000
          2022-04-01
          
            
              123171.46027200
              USD
              117909.38419641
              USD
              UST
            
          
        
        
          
          N
          N
        
      
      
        agilon health Inc
        N/A
        
        00857U107
        
          
        
        4995609.00000000
        NS
        USD
        126638688.15000000
        3.341928469440
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cloudflare Inc
        5493007DY18BGNLDWU14
        
        18915M107
        
          
        
        2361599.00000000
        NS
        USD
        282683400.30000000
        7.459866468149
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Uber Technologies Inc
        549300B2FTG34FILDR98
        
        90353T100
        
          
        
        1628263.00000000
        NS
        USD
        58096423.84000000
        1.533134112804
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sea Ltd
        529900OM6JLLW44YKI15
        
        81141R100
        
          
        
        514731.00000000
        NS
        USD
        61659626.49000000
        1.627165159338
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        GoodRx Holdings Inc
        N/A
        
        38246G108
        
          
        
        1055324.00000000
        NS
        USD
        20399412.92000000
        0.538329793155
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bill.com Holdings Inc
        549300IBF9VZZIGOZW63
        
        090043100
        
          
        
        852759.00000000
        NS
        USD
        193397213.61000000
        5.103650894646
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Carvana Co
        5493003WEAK2PJ5WS063
        
        146869102
        
          
        
        523812.00000000
        NS
        USD
        62485533.48000000
        1.648960411036
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ZoomInfo Technologies Inc
        N/A
        
        98980F104
        
          
        
        1857232.00000000
        NS
        USD
        110951039.68000000
        2.927939665494
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Wayfair Inc
        54930027N9ZAVYFDHK53
        
        94419L101
        
          
        
        544724.00000000
        NS
        USD
        60344524.72000000
        1.592460314321
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intellia Therapeutics Inc
        5493002T5BCPE5DZC723
        
        45826J105
        
          
        
        218728.00000000
        NS
        USD
        15894963.76000000
        0.419459745566
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASML Holding NV
        724500Y6DUVHQD6OXN27
        
        000000000
        
          
        
        154092.00000000
        NS
        USD
        102922669.56000000
        2.716075194540
        Long
        EC
        CORP
        NL
        Y
        
        1
        
          N
          N
          N
        
      
      
        Grab Holdings Limited
        N/A
        
        000000000
        
          
        
        6182808.00000000
        NS
        USD
        20774234.88000000
        0.548221147822
        Long
        EC
        CORP
        KY
        Y
        
        2
        
          N
          N
          N
        
      
      
        Block Inc
        549300OHIIUWSTIZME52
        
        852234103
        
          
        
        1058468.00000000
        NS
        USD
        143528260.80000000
        3.787635421243
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Veeva Systems Inc
        549300YZEXPDB92M2F02
        
        922475108
        
          
        
        521730.00000000
        NS
        USD
        110846755.80000000
        2.925187668671
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Trade Desk Inc/The
        549300GXPD31VT3E0P46
        
        88339J105
        
          
        
        2581913.00000000
        NS
        USD
        178797475.25000000
        4.718371467131
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Moderna Inc
        549300EI6OKH5K5Q2G38
        
        60770K107
        
          
        
        76070.00000000
        NS
        USD
        13103818.20000000
        0.345802880152
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Coupang Inc
        549300XR4L1D80AK4W76
        
        22266T109
        
          
        
        3037019.00000000
        NS
        USD
        53694495.92000000
        1.416969546894
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Adyen NV
        724500973ODKK3IFQ447
        
        000000000
        
          
        
        35456.00000000
        NS
        
        70227467.05000000
        1.853265971873
        Long
        EC
        CORP
        NL
        Y
        
        2
        
          N
          N
          N
        
      
      
        Aurora Innovation, Inc.
        N/A
        
        000000000
        
          
        
        2561965.00000000
        NS
        USD
        13533708.21000000
        0.357147451737
        Long
        EC
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. LLC
        549300OJY9IZ31SGS926
        
        61747C525
        
          
        
        74782765.80000000
        NS
        USD
        74782765.80000000
        1.973477913435
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SWAP GOLDMAN SACHS BOC
        N/A
        
        000000000
        
          
        
        -1661000.00000000
        NS
        USD
        -1661000.00000000
        -0.04383291764
        Short
        STIV
        CORP
        US
        N
        
        2
        
          N
          N
          N
        
      
      
        Doximity Inc
        N/A
        
        26622P107
        
          
        
        676246.00000000
        NS
        USD
        35225654.14000000
        0.929586512185
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MongoDB Inc
        549300TPTG69WKWE1Z37
        
        60937P106
        
          
        
        102207.00000000
        NS
        USD
        45338003.13000000
        1.196446091010
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Guardant Health Inc
        254900M8C3E5VC8BR186
        
        40131M109
        
          
        
        487172.00000000
        NS
        USD
        32270273.28000000
        0.851595563460
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cipher Mining Inc
        N/A
        
        17253J106
        
          
        
        3039698.00000000
        NS
        USD
        11064500.72000000
        0.291986362907
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ginkgo Bioworks Holdings Inc
        N/A
        
        37611X100
        
          
        
        2236098.00000000
        NS
        USD
        9011474.94000000
        0.237808090825
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        DoorDash Inc
        N/A
        
        25809K105
        
          
        
        1672865.00000000
        NS
        USD
        196043049.35000000
        5.173473110228
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Snap Inc
        549300JNC0L6VP8A2Q35
        
        83304A106
        
          
        
        2601531.00000000
        NS
        USD
        93629100.69000000
        2.470822793057
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MAGIC LEAP CL A COMMON
        N/A
        
        000000000
        
          
        
        3889.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        EC
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        LOOKOUT INC SER F CVT PFD PP
        N/A
        
        000000000
        
          
        
        197427.00000000
        NS
        USD
        1038466.02000000
        0.027404572863
        Long
        EP
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        Heliogen Inc
        N/A
        
        42329E105
        
          
        
        3467415.00000000
        NS
        USD
        18238602.90000000
        0.481307151588
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Snowflake Inc
        254900CJNSY1K7T53Z16
        
        833445109
        
          
        
        1072043.00000000
        NS
        USD
        245637212.59000000
        6.482237031199
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank N.A.
        7H6GLXDRUGQFU57RNE97
        
        000000000
        
          
        
        1715752842.68000000
        OU
        Notional Amount
        USD
        415212.19000000
        0.010957231624
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank N.A.
              7H6GLXDRUGQFU57RNE97
            
            Call
            Purchased
            
              
                
                  
                    JPMorgan Chase Bank, National Association
                    7H6GLXDRUGQFU57RNE97
                  
                  
                    JPMorgan Chase Bank, National Association
                    7H6GLXDRUGQFU57RNE97
                    
                    N/A
                    
                      
                    
                    1.00000000
                    NC
                    USD
                    415212.19000000
                    0.01000000
                    DFE
                    
                    US
                  
                  12482101930.00000000
                  CNY
                  1715752843.00000000
                  USD
                  2022-07-22
                
              
            
            1.00000000
            7.27500000
            USD
            2022-07-22
            XXXX
            -7578205.78000000
          
        
        
          N
          N
          N
        
      
      
        MicroStrategy Inc
        549300WQTWEJUEHXQX21
        
        594972408
        
          
        
        44916.00000000
        NS
        USD
        21843549.12000000
        0.576439789010
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Zoom Video Communications Inc
        549300T9GCHU0ODOM055
        
        98980L101
        
          
        
        751841.00000000
        NS
        USD
        88138320.43000000
        2.325923985762
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Datadog Inc
        549300F6JNO0KRPO1K63
        
        23804L103
        
          
        
        1162331.00000000
        NS
        USD
        176058276.57000000
        4.646085452598
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Shopify Inc
        549300HGQ43STJLLP808
        
        82509L107
        
          
        
        271736.00000000
        NS
        USD
        183682666.56000000
        4.847289100092
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Peloton Interactive Inc
        5493002YS021166W0339
        
        70614W100
        
          
        
        1995729.00000000
        NS
        USD
        52727160.18000000
        1.391442064762
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Unity Software Inc
        549300D1ESJMGNQNG432
        
        91332U101
        
          
        
        1332997.00000000
        NS
        USD
        132246632.37000000
        3.489919172104
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Grayscale Bitcoin Trust BTC
        549300XZGUJEF0EHBE41
        
        389637109
        
          
        
        1401386.00000000
        NS
        USD
        42798328.44000000
        1.129425409782
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Social Capital Suvretta Holdings Corp. III
        N/A
        
        000000000
        
          
        
        1421688.00000000
        NS
        USD
        -2137081.40000000
        -0.05639645574
        N/A
        DE
        
        US
        N
        
        3
        
          
            
              N/A
              N/A
            
            Long
            2022-12-30
            14216880.00000000
            USD
            -2137081.40000000
          
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank N.A.
        7H6GLXDRUGQFU57RNE97
        
        000000000
        
          
        
        790635622.83000000
        OU
        Notional Amount
        USD
        236400.05000000
        0.006238473161
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank N.A.
              7H6GLXDRUGQFU57RNE97
            
            Call
            Purchased
            
              
                
                  
                    JPMorgan Chase Bank, National Association
                    7H6GLXDRUGQFU57RNE97
                  
                  
                    JPMorgan Chase Bank, National Association
                    7H6GLXDRUGQFU57RNE97
                    
                    N/A
                    
                      
                    
                    1.00000000
                    NC
                    USD
                    236400.05000000
                    0.01000000
                    DFE
                    
                    US
                  
                  5779546403.00000000
                  CNY
                  790635622.80000000
                  USD
                  2022-08-05
                
              
            
            1.00000000
            7.31000000
            USD
            2022-08-05
            XXXX
            -5133597.10000000
          
        
        
          N
          N
          N
        
      
      
        ROBLOX Corp
        N/A
        
        771049103
        
          
        
        2765119.00000000
        NS
        USD
        127859102.56000000
        3.374134564756
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SWAP JP MORGAN BOC
        N/A
        
        000000000
        
          
        
        -1119000.00000000
        NS
        USD
        -1119000.00000000
        -0.02952982229
        Short
        STIV
        CORP
        US
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. LLC
        549300OJY9IZ31SGS926
        
        61747C525
        
          
        
        24387872.92929450
        NS
        USD
        24387872.92929450
        0.643583158054
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        JPMorgan Chase Bank N.A.
        7H6GLXDRUGQFU57RNE97
        
        000000000
        
          
        
        497090986.25000000
        OU
        Notional Amount
        USD
        107371.65000000
        0.002833481451
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank N.A.
              7H6GLXDRUGQFU57RNE97
            
            Call
            Purchased
            
              
                
                  
                    JPMorgan Chase Bank, National Association
                    7H6GLXDRUGQFU57RNE97
                  
                  
                    JPMorgan Chase Bank, National Association
                    7H6GLXDRUGQFU57RNE97
                    
                    N/A
                    
                      
                    
                    1.00000000
                    NC
                    USD
                    107371.65000000
                    0.00000000
                    DFE
                    
                    US
                  
                  3666046024.00000000
                  CNY
                  497090986.30000000
                  USD
                  2022-07-27
                
              
            
            1.00000000
            7.37500000
            USD
            2022-07-27
            XXXX
            -2529696.03000000
          
        
        
          N
          N
          N
        
      
      
        Rivian Automotive Inc
        N/A
        
        76954A103
        
          
        
        323314.00000000
        NS
        USD
        16243295.36000000
        0.428652033546
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        MercadoLibre Inc
        549300DKPDN9M5S8GB14
        
        58733R102
        
          
        
        62799.00000000
        NS
        USD
        74698154.52000000
        1.971245066194
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DATABRICKS, INC.
        N/A
        
        000000000
        
          
        
        253991.00000000
        NS
        USD
        52601536.10000000
        1.388126911269
        Long
        EP
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        Ginkgo Bioworks Holdings Inc
        N/A
        
        37611X118
        
          
        
        343913.00000000
        NS
        USD
        302746.61000000
        0.007989324034
        N/A
        DE
        
        US
        N
        
        1
        
          
            
              N/A
              N/A
            
            Call
            Purchased
            
              
                Ginkgo Bioworks Holdings Inc
                Ginkgo Bioworks Holdings Inc
                
                  
                  
                
              
            
            11.50000000
            11.50000000
            USD
            2027-12-31
            XXXX
            -842483.68000000
          
        
        
          N
          N
          N
        
      
      
        Royalty Pharma PLC
        549300FGFN7VOK8BZR03
        
        000000000
        
          
        
        3612285.00000000
        NS
        USD
        140734623.60000000
        3.713912802758
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Coinbase Global Inc
        5493004G3J2SC154DU06
        
        19260Q107
        
          
        
        288952.00000000
        NS
        USD
        54860426.72000000
        1.447737848358
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Grab Holdings Limited
        549300N4VQX83VPJF439
        
        000000000
        
          
        
        5899187.00000000
        NS
        USD
        20647154.50000000
        0.544867563336
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Upstart Holdings Inc
        549300WNB47JRNENIC75
        
        91680M107
        
          
        
        148722.00000000
        NS
        USD
        16224082.98000000
        0.428145028928
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
      
    
    
      2022-04-26
      Morgan Stanley Insight Fund
      Francis Smith
      Francis Smith
      Principal Financial Officer
    
  
  XXXX

 

Morgan Stanley Insight Fund

Consolidated Portfolio of Investments ▪ March 31, 2022 (unaudited)

 

NUMBER OF SHARES						VALUE
				Common Stocks (95.4%)
				Automobiles (0.4%)
	323,314			Rivian Automotive, Inc., Class A (a)(b)		$	16,243,295
				Biotechnology (0.8%)
	218,728			Intellia Therapeutics, Inc. (a)			15,894,964
	76,070			Moderna, Inc. (a)			13,103,818
							28,998,782
				Capital Markets (1.4%)
	288,952			Coinbase Global, Inc., Class A (a)			54,860,427
				Chemicals (0.2%)
	2,236,098			Ginkgo Bioworks Holdings, Inc. (a)(b)			9,011,475
				Consumer Finance (0.4%)
	148,722			Upstart Holdings, Inc. (a)			16,224,083
				Electrical Equipment (0.5%)
	3,467,415			Heliogen, Inc. (a)			18,238,603
				Electronic Equipment, Instruments & Components (0.0%)
	3,889			Magic Leap, Class A (a)(c)(d) (acquisition cost — $1,890,434; acquired 12/22/15)			—
				Entertainment (5.0%)
	2,765,119			ROBLOX Corp., Class A (a)			127,859,103
	514,731			Sea Ltd. ADR (a)			61,659,626
							189,518,729
				Health Care Providers & Services (4.2%)
	5,070,453			Agilon Health, Inc. (a)			128,535,984
	487,172			Guardant Health, Inc. (a)			32,270,273
							160,806,257
				Health Care Technology (4.4%)
	676,246			Doximity, Inc., Class A (a)			35,225,654
	1,055,324			GoodRx Holdings, Inc., Class A (a)			20,399,413
	521,730			Veeva Systems, Inc., Class A (a)			110,846,756
							166,471,823
				Information Technology Services (25.7%)
	35,248			Adyen N.V. (a)			69,815,483
	1,058,468			Block, Inc., Class A (a)			143,528,261
	2,361,599			Cloudflare, Inc., Class A (a)			282,683,400
	102,207			MongoDB, Inc. (a)			45,338,003
	271,736			Shopify, Inc., Class A (a)			183,682,666
	1,072,043			Snowflake, Inc., Class A (a)			245,637,213
							970,685,026
				Interactive Media & Services (6.9%)
	2,601,531			Snap, Inc., Class A (a)			93,629,101
	1,412,318			Twitter, Inc. (a)			54,642,583
	1,857,232			ZoomInfo Technologies, Inc., Class A (a)			110,951,040
							259,222,724
				Internet & Direct Marketing Retail (10.2%)
	3,037,019			Coupang, Inc. (a)			53,694,496
	1,672,865			DoorDash, Inc., Class A (a)			196,043,049
	62,799			MercadoLibre, Inc. (a)			74,698,155
	544,724			Wayfair, Inc., Class A (a)			60,344,525
							384,780,225
				Leisure Products (1.4%)
	1,995,729			Peloton Interactive, Inc., Class A (a)			52,727,160
				Life Sciences Tools & Services (1.4%)
	706,818			10X Genomics, Inc., Class A (a)			53,767,645

 

 

Morgan Stanley Insight Fund

Consolidated Portfolio of Investments ▪ March 31, 2022 (unaudited) continued

 

				Pharmaceuticals (3.7%)
	3,612,285			Royalty Pharma PLC, Class A (United Kingdom)			140,734,624
				Real Estate Management & Development (0.3%)
	560,293			Redfin Corp. (a)			10,107,686
				Road & Rail (2.6%)
	6,182,808			Grab Holdings Ltd., Class A (a)(c)			20,774,235
	5,899,187			Grab Holdings Ltd., Class A (a)			20,647,154
	1,628,263			Uber Technologies, Inc. (a)			58,096,424
							99,517,813
				Semiconductors & Semiconductor Equipment (2.7%)
	154,092			ASML Holding N.V.			102,922,670
				Software (21.5%)
	2,561,965			Aurora Innovation, Inc. (a)(c)			13,533,708
	852,759			Bill.Com Holdings, Inc. (a)			193,397,214
	3,039,698			Cipher Mining Technologies, Inc. (a)			11,064,501
	1,162,331			Datadog, Inc., Class A (a)			176,058,277
	44,916			MicroStrategy, Inc., Class A (a)(b)			21,843,549
	2,581,913			Trade Desk, Inc. (The), Class A (a)			178,797,475
	1,332,997			Unity Software, Inc. (a)			132,246,632
	751,841			Zoom Video Communications, Inc., Class A (a)			88,138,320
							815,079,676
				Specialty Retail (1.7%)
	523,812			Carvana Co. (a)			62,485,533
				Total Common Stocks (Cost $3,939,546,170)			3,612,404,256

 

NUMBER OF WARRANTS
				Warrant (0.0%) (e)
				Chemicals (0.0%) (e)
	343,913			Ginkgo Bioworks Holdings, Inc. expires 12/31/27 (a) (Cost $1,145,230)			302,747

 

NUMBER OF SHARES
				Preferred Stocks (1.4%)
				Software (1.4%)
	253,991			Databricks, Inc. (a)(c)(d) (acquisition cost — $55,992,926 ; acquired 8/31/21)			52,601,536
	197,427			Lookout, Inc., Series F (a)(c)(d) (acquisition cost — $2,255,228; acquired 6/17/14)			1,038,466
				Total Preferred Stocks (Cost $58,248,154)			53,640,002
				Investment Company (1.1%)
	1,401,386			Grayscale Bitcoin Trust (a) (Cost $59,305,086)			42,798,328

 

NUMBER OF SHARES (000)
				Short-Term Investments (2.7%)
				Securities held as Collateral on Loaned Securities (0.7%)
				Investment Company (0.7%)
	24,388			Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio – Institutional Class (f)			24,387,873

 

PRINCIPAL AMOUNT (000)
				Repurchase Agreements (0.0%) (e)
$	1,270			HSBC Securities USA, Inc. (0.30%, dated 3/31/22, due 4/1/22; proceeds $1,270,212; fully collateralized by U.S. Government obligations; 0.00%-3.75% due 4/30/22-5/15/51; valued at $1,295,606)			1,270,202
	116			Merrill Lynch & Co., Inc. (0.20%, dated 3/31/22, due 4/1/22; proceeds $115,589; fully collateralized by a U.S. Government obligation; 0.63% due 10/15/24; valued at $117,909)			115,588
				Total Securities held as Collateral on Loaned Securities (Cost $25,773,663)			25,773,663

 

 

Morgan Stanley Insight Fund

Consolidated Portfolio of Investments ▪ March 31, 2022 (unaudited) continued

 

NUMBER OF SHARES (000)
				Investment Company (2.0%)
	74,783			Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio – Institutional Class (f) (Cost $74,782,766)							74,782,766
				Total Short-Term Investments (Cost $100,556,429)							100,556,429
				Total Investments Excluding Purchased Options (Cost $4,158,801,069)			100.6	%			3,809,701,762
				Total Purchased Options Outstanding (Cost $24,019,074)			0.1	%			2,621,397
				Total Investments (Cost $4,182,820,143) (g)(h)(i)(j)			100.7	%			3,812,323,159
				Liabilities in Excess of Other Assets			(0.7	)			(28,033,525	)
				Net Assets			100.0	%		$	3,784,289,634

 

The Fund had the following Derivative Contract - PIPE open at March 31, 2022:

 

COUNTERPARTY		REFERENCED OBLIGATION		NOTIONAL AMOUNT				SETTLEMENT DATE		UNREALIZED DEPRECIATION				% OF NET ASSETS
Social Capital Suvretta Holdings Corp.III		ProKidney, LP. (a)(c)(d))(k)(l)		$	14,216,880			12/30/22		$	(2,137,081	)			(0.06	)%

 

 

ADR	American Depositary Receipt.
PIPE	Private Investment in Public Equity.
SPAC	Special Purpose Acquisition Company.

(a)	Non-income producing security.
(b)	All or a portion of this security was on loan. The value of loaned securities and related collateral outstanding at March 31, 2022, were $28,908,150 and $30,523,638 respectively. The Fund received cash collateral of $25,773,663, which was subsequently invested in Repurchase Agreements and Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio - Institutional Class as reported in the Consolidated Portfolio of Investments. At March 31, 2022, The remaining collateral of $4,749,975 was received in the form of U.S. Government obligations, which the Fund cannot sell or re-pledge and accordingly are not reflected in the Consolidated Portfolio of Investments. The Fund has the right under the securities lending agreement to recover the securities from the borrower on demand.
(c)	Security cannot be offered for public resale without first being registered under the Securities Act of 1933 and related rules (“restricted security”). Acquisition date represents the day on which an enforceable right to acquire such security is obtained and is presented along with related cost in the security description. The Fund has registration rights for certain restricted securities. Any costs related to such registration are borne by the issuer. The aggregate value of restricted securities and derivative contract (excluding 144A holdings) at March 31, 2022 amounts to $265,674,370 and represents 7.0% of net assets.
(d)	At March 31, 2022, the Fund held fair valued securities and a derivative contract valued at $51,502,921, representing 1.4% of net assets. These securities have been fair valued as determined in good faith under procedures established by and under the general supervision of the Fund's Trustees.
(e)	Amount is less than 0.05%.
(f)	The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio - (the "Liquidity Funds"), an open-end management investment company managed by the Adviser, both directly and as a portion of the securities held as collateral on loaned securities. Advisory fees paid by the Fund are reduced by an amount equal to its pro-rata share of the advisory and administration fees paid by the Fund due to its investment in the Liquidity Funds. For the three months ended March 31, 2022, advisory fees paid were reduced by $12,201 relating to the Fund's investment in the Liquidity Funds.
(g)	The approximate fair value and percentage of net assets, $69,815,483 and 1.8%, respectively, represent the securities that have been fair valued under the fair valuation policy for international investments as described in the Notes to the Consolidated Portfolio of Investments.

 

 

Morgan Stanley Insight Fund

Consolidated Portfolio of Investments ▪ March 31, 2022 (unaudited) continued

 

(h)	The Fund is permitted to purchase and sell securities ("cross-trade") from and to other Morgan Stanley Funds as well as other funds and client accounts for which the Adviser or an affiliate of the Adviser serves as investment adviser, pursuant to procedures approved by the Trustees in compliance with Rule 17a-7 under the Act (the "Rule"). Each cross-trade is executed at the current market price in compliance with provisions of the Rule. For the three months ended March 31, 2022, the Fund did not engage in any cross-trade transactions.
(i)	Securities are available for collateral in connection with the securities purchased on a forward commitment basis and purchased options.
(j)	At March 31, 2022, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized appreciation is $431,337,887 and the aggregate gross unrealized depreciation is $803,971,952, resulting in net unrealized depreciation of $372,634,065.
(k)	Represents an unfunded subscription agreement in a private investment in a public entity. The Fund is committed to purchase 1,421,688 shares at $10.00 per share on the settlement date pursuant to the closing of the business combination between ProKidney, LP., and Social Capital Suvretta Holdings Corp.III, a SPAC. The settlement date shown reflects the estimated date based upon the subscription agreement and is subject to change. The transaction will require the approval of the shareholders of both Social Capital Suvretta Holdings Corp.III, and ProKidney, LP., and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. If these conditions are not met, the Fund is no longer obligated to fulfill its commitment to Social Capital Suvretta Holdings Corp.III, and ProKidney, LP. The investment is restricted from resale until the settlement date.
(l)	Investment is valued based on the underlying stock price and significant unobservable inputs that factor in volatility and discount for lack of marketability and transaction risk and is classified as Level 3 in the fair value hierarchy.

 

Call Options Purchased: The Fund had the following call options purchased open at March 31, 2022:

 

COUNTERPARTY		DESCRIPTION		STRIKE PRICE			EXPIRATION DATE		NUMBER OF CONTRACTS				NOTIONAL AMOUNT (000)				VALUE				PREMIUMS PAID				UNREALIZED APPRECIATION (DEPRECIATION)
Goldman Sachs International		USD/CNH		CNH	7.27		Nov-22			1,670,325,800				1,670,326			$	1,862,413			$	8,018,591			$	(6,156,178	)
JP Morgan Chase Bank NA		USD/CNH		CNH	7.28		Jul-22			1,715,752,843				1,715,753				415,212				7,993,418				(7,578,206	)
JP Morgan Chase Bank NA		USD/CNH		CNH	7.31		Aug-22			790,635,623				790,636				236,400				5,369,997				(5,133,597	)
JP Morgan Chase Bank NA		USD/CNH		CNH	7.38		Jul-22			497,090,986				497,091				107,372				2,637,068				(2,529,696	)
																	$	2,621,397			$	24,019,074			$	(21,397,677	)

 

CNH — Chinese Yuan Renminbi Offshore

USD — United States Dollar

 

 

INDUSTRY†		VALUE				PERCENT OF TOTAL INVESTMENTS
Information Technology Services		$	970,685,026				25.6	%
Software			868,719,678				22.9
Internet & Direct Marketing Retail			384,780,225				10.2
Interactive Media & Services			259,222,724				6.8
Entertainment			189,518,729				5.0
Health Care Technology			166,471,823				4.4
Health Care Providers & Services			160,806,257				4.3
Pharmaceuticals			140,734,624				3.7
Investment Companies			117,581,094				3.1
Semiconductors & Semiconductor Equipment			102,922,670				2.7
Road & Rail			99,517,813				2.6
Specialty Retail			62,485,533				1.7
Capital Markets			54,860,427				1.5
Life Sciences Tools & Services			53,767,645				1.4
Leisure Products			52,727,160				1.4
Biotechnology			28,998,782				0.8
Electrical Equipment			18,238,603				0.5
Automobiles			16,243,295				0.4
Consumer Finance			16,224,083				0.4
Real Estate Management & Development			10,107,686				0.3
Chemicals			9,314,222				0.2
Call Options Purchased			2,621,397				0.1
Electronic Equipment, Instruments & Components			—	††			0.0
Total Investments		$	3,786,549,496	††			100.0	%*

 

†	Does not reflect the value of securities held as collateral on loaned securities.
††	Includes a security valued at zero.
*	Does not include an open PIPE contract with unrealized depreciation of $2,137,081.

 

 

Morgan Stanley Insight Fund

Notes to Consolidated Portfolio of Investments ▪ March 31, 2022 (unaudited)

 

Valuation of Investments - (1) An equity portfolio security listed or traded on an exchange is valued at its latest reported sales price (or at the exchange official closing price if such exchange reports an official closing price), and if there were no sales on a given day and if there is no official exchange closing price for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available on the relevant exchanges. If only bid prices are available then the latest bid price may be used. Listed equity securities not traded on the valuation date with no reported bid and asked prices available on the exchange are valued at the mean between the current bid and asked prices obtained from one or more reputable brokers or dealers. In cases where a security is traded on more than one exchange, the security is valued on the exchange designated as the primary market; (2) all other equity portfolio securities for which over-the-counter (“OTC”) market quotations are readily available are valued at the latest reported sales price (or at the market official closing price if such market reports an official closing price), and if there was no trading in the security on a given day and if there is no official closing price from relevant markets for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available on the relevant markets. An unlisted equity security that does not trade on the valuation date and for which bid and asked prices from the relevant markets are unavailable is valued at the mean between the current bid and asked prices obtained from one or more reputable brokers or dealers; (3) when market quotations are not readily available, including circumstances under which Morgan Stanley Investment Management Inc. (the "Adviser"), a wholly-owned subsidiary of Morgan Stanley determines that the closing price, last sale price or the mean between the last reported bid and asked prices are not reflective of a security's market value, portfolio securities are valued at their fair value as determined in good faith under procedures established by and under the general supervision of the Fund’s Board of Trustees (the "Trustees"). Occasionally, developments affecting the closing prices of securities and other assets may occur between the times at which valuations of such securities are determined (that is, close of the foreign market on which the securities trade) and the close of business on the New York Stock Exchange ("NYSE"). If developments occur during such periods that are expected to materially affect the value of such securities, such valuations may be adjusted to reflect the estimated fair value of such securities as of the close of the NYSE, as determined in good faith by the Trustees or by the Adviser using a pricing service and/or procedures approved by the Trustees; (4) quotations of foreign portfolio securities, other assets and liabilities and forward contracts stated in foreign currency are translated into U.S. dollar equivalents at the prevailing market rates prior to the close of the NYSE; (5) listed options are valued at the last reported sales price on the exchange on which they are listed (or at the exchange official closing price if such exchange reports an official closing price). If an official closing price or last reported sales price is unavailable, the listed option should be fair valued at the mean between its latest bid and ask prices. Unlisted options are valued at the mean between their latest bid and ask prices from a broker/dealer or valued by a pricing service/vendor; (6) certain portfolio securities may be valued by an outside pricing service/vendor approved by the Trustees. The pricing service/vendor may employ a pricing model that takes into account, among other things, bids, yield spreads and/or other market data and specific security characteristics. Alternatively, if a valuation is not available from an outside pricing service/vendor and the security trades on an exchange, the security may be valued at its latest reported sale price (or at the exchange official closing price if such exchange reports an official closing price) prior to the time when assets are valued. If there are no sales on a given day and if there is no official exchange closing price for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available in the relevant exchanges. If only bid prices are available then the latest bid price may be used. If the Adviser, a wholly-owned subsidiary of Morgan Stanley, determines that the price provided by the outside pricing service/vendor or exchange does not reflect the security’s fair value or is unable to provide a price, prices from brokers or dealers may also be utilized. In these circumstances, the value of the security will be the mean of bid and asked prices obtained from brokers or dealers; (7) PIPE investments may be valued based on the underlying stock price less a discount until the commitment is fulfilled and shares are registered; and (8) investments in mutual funds, including the Morgan Stanley Institutional Liquidity Funds, are valued at the net asset value as of the close of each business day.

 

 

The Trustees have responsibility for determining in good faith the fair value of the investments, and the Trustees may appoint others, such as the Fund’s Adviser or a valuation committee, to assist the Trustees in determining fair value and to make the actual calculations pursuant to the fair valuation methodologies previously approved by the Trustees. Under procedures approved by the Trustees, the Fund's Adviser has formed a Valuation Committee whose members are approved by the Trustees. The Valuation Committee provides administration and oversight of the Fund’s valuation policies and procedures, which are reviewed at least annually by the Trustees. These procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

 

Fair Valuation Measurements

 

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification^TM ("ASC") 820, "Fair Value Measurement" ("ASC 820"), defines fair value as the value that the Fund would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market, the most advantageous market for the investment or liability. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in valuing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs); and (2) inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in valuing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Fund's investments. The inputs are summarized in the three broad levels listed below:

 

• Level 1 – unadjusted quoted prices in active markets for identical investments

 

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

• Level 3 – significant unobservable inputs including the Fund’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer's financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each security.

 

 

The following is a summary of the inputs used to value the Fund's investments as of March 31, 2022:

 

INVESTMENT TYPE		LEVEL 1 UNADJUSTED QUOTED PRICES				LEVEL 2 OTHER SIGNIFICANT OBSERVABLE INPUTS				LEVEL 3 SIGNIFICANT UNOBSERVABLE INPUTS				TOTAL
Assets:
Common Stocks
Automobiles		$	16,243,295			$	—			$	—			$	16,243,295
Biotechnology			28,998,782				—				—				28,998,782
Capital Markets			54,860,427				—				—				54,860,427
Chemicals			9,011,475				—				—				9,011,475
Consumer Finance			16,224,083				—				—				16,224,083
Electrical Equipment			18,238,603				—				—				18,238,603
Electronic Equipment, Instruments & Components			—				—				—	†			—	†
Entertainment			189,518,729				—				—				189,518,729
Health Care Providers & Services			160,806,257				—				—				160,806,257
Health Care Technology			166,471,823				—				—				166,471,823
Information Technology Services			900,869,543				69,815,483				—				970,685,026
Interactive Media & Services			259,222,724				—				—				259,222,724
Internet & Direct Marketing Retail			384,780,225				—				—				384,780,225
Leisure Products			52,727,160				—				—				52,727,160
Life Sciences Tools & Services			53,767,645				—				—				53,767,645
Pharmaceuticals			140,734,624				—				—				140,734,624
Real Estate Management & Development			10,107,686				—				—				10,107,686
Road & Rail			78,743,578				20,774,235				—				99,517,813
Semiconductors & Semiconductor Equipment			102,922,670				—				—				102,922,670
Software			801,545,968				13,533,708				—				815,079,676
Specialty Retail			62,485,533				—				—				62,485,533
Total Common Stocks			3,508,280,830				104,123,426				—	†			3,612,404,256	†
Warrant			302,747				—				—				302,747
Preferred Stocks
Software			—				—				53,640,002				53,640,002
Investment Company			42,798,328				—				—				42,798,328
Call Options Purchased			—				2,621,397				—				2,621,397
Short-Term Investments
Investment Company			99,170,639				—				—				99,170,639
Repurchase Agreements			—				1,385,790				—				1,385,790
Total Short-Term Investments			99,170,639				1,385,790				—				100,556,429
Total Assets			3,650,552,544				108,130,613				53,640,002	†			3,812,323,159	†
Liabilities:
Derivative Contract — PIPE			—				—				(2,137,081	)			(2,137,081	)
Total		$	3,650,552,544			$	108,130,613			$	51,502,921	†		$	3,810,186,078	†

 

†

Includes a security valued at zero.

 

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes.

 

 

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

 

		COMMON STOCK				PREFERRED STOCKS				DERIVATIVE CONTRACT — PIPE
Beginning Balance		$	-			$	58,239,279	†		$	-
Purchases			-				-				-
Sales			-				-
PIPE transactions			-				-				(2,137,081	)
Transfers in			-	†			-				-
Transfers out			-				(-	)†			-
Corporate actions			-				-				-
Change in unrealized appreciation (depreciation)			-				(4,599,277	)			-
Realized gains (losses)			-				-				-
Ending Balance		$	-	†		$	53,640,002			$	(2,137,081	)
Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2022		$	-			$	(4,599,277	)		$	(2,137,081	)

 

†

Includes a security valued at zero.

 

 

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 as of March 31, 2022. Various valuation techniques were used in the valuation of certain investments and weighted based on the level of significance. The Fund calculated the weighted averages of the unobservable inputs relative to each investment’s fair value as of March 31, 2022.

 

Fair Value at March 31, 2022

Valuation Technique

Unobservable Input

Amount or Range /Weighted Average*

Impact to Valuation from an Increase in Input**

Preferred Stocks

$

53,640,002

Discounted Cash Flow

Weighted Average Cost of Capital

12.0% - 13.0% / 12.0%

Decrease

Perpetual Growth Rate

3.0% - 4.0% / 3.5%

Increase

Market Comparable Companies

Enterprise Value /Revenue

2.0x - 30.2x / 30.6x

Increase

Discount for Lack of Marketability

11.0% - 12.0% / 11.0%

Decrease

PIPE

$

(2,137,081

)

Market Implied

Discount for Lack of Marketability and Transaction Risk

14.0%

Decrease

 

*

Amount is indicative of the weighted average.

**

Represents the expected directional change in the fair value of the Level 3 investments that would result from an increase in the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs could result in significantly higher or lower fair value measurements.

 

 

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