Red Cat Holdings, Inc.

SecurityRCAT / Red Cat Holdings, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,803,543 shares
Latest Disclosed Value $ 23,608,379
Morgan Stanley reports 25.95% increase in ownership of RCAT / Red Cat Holdings, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,803,543 shares of Red Cat Holdings, Inc. (US:RCAT) valued at $23,608,378 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,431,953 shares of Red Cat Holdings, Inc.. This represents a change in shares of 25.95% during the quarter. The current value of the position is $22,868,925 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F RED CAT HLDGS COM 75644T100 1,803,543 371,590 25.95 23,608 107.91 0.0014
2026-05-27 2025-12-31 13F/A-1 RED CAT HLDGS COM 75644T100 1,431,953 477,843 50.08 11,355 14.99 0.0007
2026-02-13 2025-12-31 13F RED CAT HLDGS COM 75644T100 1,431,953 477,843 11,355 0.0007
2026-05-27 2025-09-30 13F/A-1 RED CAT HLDGS COM 75644T100 954,110 -721,549 -43.06 9,875 -19.04 0.0006
2025-11-14 2025-09-30 13F RED CAT HLDGS COM 75644T100 954,110 -721,549 9,875 0.0006
2025-08-15 2025-06-30 13F RED CAT HLDGS COM 75644T100 1,675,659 1,179,964 238.04 12,199 318.60 0.0008
2025-05-15 2025-03-31 13F RED CAT HLDGS COM 75644T100 495,695 267,125 116.87 2,915 -0.78 0.0002
2025-05-15 2024-12-31 13F/A-1 RED CAT HLDGS COM 75644T100 228,570 218,669 2,208.55 2,937 11,648.00 0.0002
2025-02-14 2024-12-31 13F RED CAT HLDGS COM 75644T100 228,570 218,669 2,937 0.0002
2025-05-14 2024-09-30 13F/A-2 RED CAT HLDGS COM 75644T100 9,901 6,900 229.92 25 733.33 0.0000
2025-02-14 2024-09-30 13F/A-1 RED CAT HLDGS COM 75644T100 9,901 6,900 25 0.0000
2024-11-14 2024-09-30 13F RED CAT HLDGS COM 75644T100 9,901 6,900 25 0.0000
2025-05-14 2024-06-30 13F/A-2 RED CAT HLDGS COM 75644T100 3,001 1,500 99.93 3 200.00 0.0000
2024-10-17 2024-06-30 13F/A-1 RED CAT HLDGS COM 75644T100 3,001 1,500 3 0.0000
2024-08-14 2024-06-30 13F RED CAT HLDGS COM 75644T100 3,001 1,500 3 0.0000
2024-10-17 2024-03-31 13F/A-2 RED CAT HLDGS COM 75644T100 1,501 0 0.00 1 0.00 0.0000
2024-08-16 2024-03-31 13F/A-1 RED CAT HLDGS COM 75644T100 1,501 0 1 0.0000
2024-05-15 2024-03-31 13F RED CAT HLDGS COM 75644T100 1,501 0 1 0.0000
2024-08-16 2023-12-31 13F/A-1 RED CAT HLDGS COM 75644T100 1,501 -1,000 -39.98 1 -50.00 0.0000
2024-02-13 2023-12-31 13F RED CAT HLDGS COM 75644T100 1,501 -1,000 1 0.0000
2023-11-15 2023-09-30 13F RED CAT HLDGS COM 75644T100 2,501 1 0.04 2 0.00 0.0000
2023-08-14 2023-06-30 13F RED CAT HLDGS COM 75644T100 2,500 0 0.00 3 0.00 0.0000
2023-05-15 2023-03-31 13F RED CAT HLDGS COM 75644T100 2,500 0 0.00 3 0.00 0.0000
2023-02-14 2022-12-31 13F RED CAT HLDGS COM 75644T100 2,500 -2,501 -50.01 2 -75.00 0.0000
2022-11-14 2022-09-30 13F RED CAT HLDGS COM 75644T100 5,001 -9,999 -66.66 8 -74.19 0.0000
2022-10-27 2022-06-30 13F/A-1 RED CAT HLDGS COM 75644T100 15,000 970 6.91 31 10.71 0.0000
2022-08-15 2022-06-30 13F RED CAT HLDGS COM 75644T100 15,000 970 31 0.0000
2022-10-27 2022-03-31 13F/A-1 RED CAT HLDGS COM 75644T100 14,030 -15,834 -53.02 28 -54.84 0.0000
2022-05-13 2022-03-31 13F RED CAT HLDGS COM 75644T100 14,030 -15,834 28 0.0000
2022-02-14 2021-12-31 13F RED CAT HLDGS COM 75644T100 29,864 1,934 6.92 62 -36.08 0.0000
2021-11-15 2021-09-30 13F RED CAT HLDGS COM 75644T100 27,930 27,930 97 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.