Upstart Holdings, Inc.
CH ˙ SWX ˙ US91680M1071
SecurityCH:UPST / Upstart Holdings, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership3,975,059 shares
Latest Disclosed Value $ 101,960,286
Morgan Stanley reports 5.50% decrease in ownership of UPST / Upstart Holdings, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 3,975,059 shares of Upstart Holdings, Inc. (CH:UPST) valued at $101,960,286 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 4,206,615 shares of Upstart Holdings, Inc.. This represents a change in shares of -5.50% during the quarter.

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 UPSTART HLDGS COM 91680M107 3,975,059 -231,556 -5.50 101,960 -44.57 0.0061
2026-05-27 2025-12-31 13F/A-1 UPSTART HLDGS COM 91680M107 4,206,615 2,554,591 154.63 183,955 119.20 0.0110
2026-02-13 2025-12-31 13F UPSTART HLDGS COM 91680M107 4,206,615 2,554,591 183,955 0.0110
2026-05-27 2025-09-30 13F/A-1 UPSTART HLDGS COM 91680M107 1,652,024 -20,679 -1.24 83,923 -22.43 0.0051
2025-11-14 2025-09-30 13F UPSTART HLDGS COM 91680M107 1,652,024 -20,679 83,923 0.0051
2025-08-15 2025-06-30 13F UPSTART HLDGS COM 91680M107 1,672,703 84,976 5.35 108,190 48.04 0.0070
2025-05-15 2025-03-31 13F UPSTART HLDGS COM 91680M107 1,587,727 -1,045,082 -39.69 73,083 -54.92 0.0052
2025-05-15 2024-12-31 13F/A-1 UPSTART HLDGS COM 91680M107 2,632,809 1,204,660 84.35 162,102 183.69 0.0114
2025-02-14 2024-12-31 13F UPSTART HLDGS COM 91680M107 2,632,809 1,204,660 162,102 0.0114
2025-05-14 2024-09-30 13F/A-2 UPSTART HLDGS COM 91680M107 1,428,149 -51,709 -3.49 57,140 63.68 0.0041
2025-02-14 2024-09-30 13F/A-1 UPSTART HLDGS COM 91680M107 1,428,149 -51,709 57,140 0.0041
2024-11-14 2024-09-30 13F UPSTART HLDGS COM 91680M107 1,428,149 -51,709 57,140 0.0041
2025-05-14 2024-06-30 13F/A-2 UPSTART HLDGS COM 91680M107 1,479,858 -776,509 -34.41 34,910 -42.46 0.0027
2024-10-17 2024-06-30 13F/A-1 UPSTART HLDGS COM 91680M107 1,479,858 -776,509 34,910 0.0027
2024-08-14 2024-06-30 13F UPSTART HLDGS COM 91680M107 1,479,858 -776,509 34,910 0.0027
2024-10-17 2024-03-31 13F/A-2 UPSTART HLDGS COM 91680M107 2,256,367 123,806 5.81 60,674 -30.37 0.0049
2024-08-16 2024-03-31 13F/A-1 UPSTART HLDGS COM 91680M107 2,256,367 123,806 60,674 0.0049
2024-05-15 2024-03-31 13F UPSTART HLDGS COM 91680M107 2,256,367 123,806 60,674 0.0049
2024-08-16 2023-12-31 13F/A-1 UPSTART HLDGS COM 91680M107 2,132,561 217,628 11.36 87,136 59.44 0.0077
2024-02-13 2023-12-31 13F UPSTART HLDGS COM 91680M107 2,132,561 217,628 87,136 0.0077
2023-11-15 2023-09-30 13F UPSTART HLDGS COM 91680M107 1,914,933 758,669 65.61 54,652 31.99 0.0056
2023-08-14 2023-06-30 13F UPSTART HLDGS COM 91680M107 1,156,264 -81,774 -6.61 41,406 110.48 0.0041
2023-05-15 2023-03-31 13F UPSTART HLDGS COM 91680M107 1,238,038 -3,293,612 -72.68 19,672 -67.16 0.0021
2023-02-14 2022-12-31 13F UPSTART HLDGS COM 91680M107 4,531,650 198,612 4.58 59,908 -33.50 0.0068
2022-11-14 2022-09-30 13F UPSTART HLDGS COM 91680M107 4,333,038 102,029 2.41 90,084 -32.66 0.0123
2022-10-27 2022-06-30 13F/A-1 UPSTART HLDGS COM 91680M107 4,231,009 614,648 17.00 133,784 -66.09 0.0174
2022-08-15 2022-06-30 13F UPSTART HLDGS COM 91680M107 4,231,009 614,648 133,784 0.0174
2022-10-27 2022-03-31 13F/A-1 UPSTART HLDGS COM 91680M107 3,616,361 2,643,377 271.68 394,509 167.99 0.0532
2022-05-13 2022-03-31 13F UPSTART HLDGS COM 91680M107 3,616,361 2,643,377 394,509 0.0532
2022-02-14 2021-12-31 13F UPSTART HLDGS COM 91680M107 972,984 689,237 242.91 147,213 63.95 0.0182
2021-11-15 2021-09-30 13F UPSTART HLDGS COM 91680M107 283,747 -1,116,910 -79.74 89,789 -48.67 0.0121
2021-08-23 2021-06-30 13F/A-1 UPSTART HLDGS COM 91680M107 1,400,657 -1,130,067 -44.65 174,942 -46.35 0.0231
2021-08-16 2021-06-30 13F UPSTART HLDGS COM 91680M107 1,400,657 -1,130,067 174,942 0.0048
2021-05-17 2021-03-31 13F UPSTART HLDGS COM 91680M107 2,530,724 20,289 0.81 326,109 218.78 0.0479
2021-02-16 2020-12-31 13F UPSTART HLDGS COM 91680M107 2,510,435 2,510,435 102,300 0.0158
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.