Clipper Realty Inc.
US ˙ NYSE ˙ US18885T3068

SecurityCLPR / Clipper Realty Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership189,508 shares
Latest Disclosed Value $ 572,315
Morgan Stanley reports 34.94% decrease in ownership of CLPR / Clipper Realty Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 189,508 shares of Clipper Realty Inc. (US:CLPR) valued at $572,314 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 291,288 shares of Clipper Realty Inc.. This represents a change in shares of -34.94% during the quarter. The current value of the position is $619,691 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 CLIPPER RLTY COM 18885T306 189,508 -101,780 -34.94 572 -48.56 0.0000
2026-05-27 2025-12-31 13F/A-1 CLIPPER RLTY COM 18885T306 291,288 -151,829 -34.26 1,113 -33.93 0.0001
2026-02-13 2025-12-31 13F CLIPPER RLTY COM 18885T306 291,288 -151,829 1,113 0.0001
2026-05-27 2025-09-30 13F/A-1 CLIPPER RLTY COM 18885T306 443,117 4,854 1.11 1,684 4.66 0.0001
2025-11-14 2025-09-30 13F CLIPPER RLTY COM 18885T306 443,117 4,854 1,684 0.0001
2025-08-15 2025-06-30 13F CLIPPER RLTY COM 18885T306 438,263 -82,354 -15.82 1,608 -19.56 0.0001
2025-05-15 2025-03-31 13F CLIPPER RLTY COM 18885T306 520,617 -193,883 -27.14 1,999 -38.91 0.0001
2025-05-15 2024-12-31 13F/A-1 CLIPPER RLTY COM 18885T306 714,500 -46,042 -6.05 3,272 -24.52 0.0002
2025-02-14 2024-12-31 13F CLIPPER RLTY COM 18885T306 714,500 -46,042 3,272 0.0002
2025-05-14 2024-09-30 13F/A-2 CLIPPER RLTY COM 18885T306 760,542 388,439 104.39 4,335 222.78 0.0003
2025-02-14 2024-09-30 13F/A-1 CLIPPER RLTY COM 18885T306 760,542 388,439 4,335 0.0003
2024-11-14 2024-09-30 13F CLIPPER RLTY COM 18885T306 760,542 388,439 4,335 0.0000
2025-05-14 2024-06-30 13F/A-2 CLIPPER RLTY COM 18885T306 372,103 247,090 197.65 1,343 122.72 0.0001
2024-10-17 2024-06-30 13F/A-1 CLIPPER RLTY COM 18885T306 372,103 247,090 1,343 0.0001
2024-08-14 2024-06-30 13F CLIPPER RLTY COM 18885T306 372,103 247,090 1,343 0.0001
2024-10-17 2024-03-31 13F/A-2 CLIPPER RLTY COM 18885T306 125,013 8,573 7.36 604 -3.98 0.0000
2024-08-16 2024-03-31 13F/A-1 CLIPPER RLTY COM 18885T306 125,013 8,573 604 0.0000
2024-05-15 2024-03-31 13F CLIPPER RLTY COM 18885T306 125,013 8,573 604 0.0000
2024-08-16 2023-12-31 13F/A-1 CLIPPER RLTY COM 18885T306 116,440 -85,521 -42.35 629 -39.96 0.0001
2024-02-13 2023-12-31 13F CLIPPER RLTY COM 18885T306 116,440 -85,521 629 0.0001
2023-11-15 2023-09-30 13F CLIPPER RLTY COM 18885T306 201,961 -12,348 -5.76 1,046 -13.91 0.0001
2023-08-14 2023-06-30 13F CLIPPER RLTY COM 18885T306 214,309 139,226 185.43 1,215 182.56 0.0001
2023-05-15 2023-03-31 13F CLIPPER RLTY COM 18885T306 75,083 25,370 51.03 431 35.22 0.0000
2023-02-14 2022-12-31 13F CLIPPER RLTY COM 18885T306 49,713 -19,090 -27.75 318 -33.75 0.0000
2022-11-14 2022-09-30 13F CLIPPER RLTY COM 18885T306 68,803 7,666 12.54 480 1.69 0.0001
2022-10-27 2022-06-30 13F/A-1 CLIPPER RLTY COM 18885T306 61,137 46,469 316.81 472 254.89 0.0001
2022-08-15 2022-06-30 13F CLIPPER RLTY COM 18885T306 61,137 46,469 472 0.0000
2022-10-27 2022-03-31 13F/A-1 CLIPPER RLTY COM 18885T306 14,668 -26,795 -64.62 133 -67.72 0.0000
2022-05-13 2022-03-31 13F CLIPPER RLTY COM 18885T306 14,668 -26,795 133 0.0000
2022-02-14 2021-12-31 13F CLIPPER RLTY COM 18885T306 41,463 9,594 30.10 412 59.69 0.0001
2021-11-15 2021-09-30 13F CLIPPER RLTY COM 18885T306 31,869 2,265 7.65 258 18.35 0.0000
2021-08-23 2021-06-30 13F/A-1 CLIPPER RLTY COM 18885T306 29,604 1,611 5.76 218 -1.80 0.0000
2021-08-16 2021-06-30 13F CLIPPER RLTY COM 18885T306 29,604 1,611 218 0.0000
2021-05-17 2021-03-31 13F CLIPPER RLTY COM 18885T306 27,993 9,256 49.40 222 68.18 0.0000
2021-02-16 2020-12-31 13F CLIPPER RLTY COM 18885T306 18,737 17,448 1,353.61 132 1,550.00 0.0000
2020-11-13 2020-09-30 13F CLIPPER RLTY COM 18885T306 1,289 -4,157 -76.33 8 -81.82 0.0000
2020-08-14 2020-06-30 13F CLIPPER RLTY COM 18885T306 5,446 2,552 88.18 44 175.00 0.0000
2020-05-26 2020-03-31 13F/A-1 CLIPPER RLTY COM 18885T306 2,894 -17,833 -86.04 16 -92.69 0.0000
2020-05-15 2020-03-31 13F CLIPPER RLTY COM 18885T306 2,894 -17,833 16 1.2291
2020-02-14 2019-12-31 13F CLIPPER RLTY COM 18885T306 20,727 13,233 176.58 219 184.42 0.0001
2019-11-14 2019-09-30 13F CLIPPER RLTY COM 18885T306 7,494 -1,117 -12.97 77 -19.79 0.0000
2019-08-14 2019-06-30 13F CLIPPER RLTY COM 18885T306 8,611 -9,050 -51.24 96 -59.32 0.0000
2019-05-15 2019-03-31 13F CLIPPER RLTY COM 18885T306 17,661 -25,540 -59.12 236 -58.16 0.0001
2019-02-14 2018-12-31 13F CLIPPER RLTY COM 18885T306 43,201 17,465 67.86 564 61.60 0.0002
2019-04-23 2018-09-30 13F/A-2 CLIPPER RLTY COM 18885T306 25,736 -10,183 -28.35 349 13.68 0.0001
2018-11-20 2018-09-30 13F/A-1 CLIPPER RLTY COM 18885T306 25,736 0 349 0.0001
2018-11-14 2018-09-30 13F CLIPPER RLTY COM 18885T306 25,736 -10,183 349
2019-04-23 2018-06-30 13F/A-1 CLIPPER RLTY COM 18885T306 35,919 -99 -0.27 307 0.66 0.0001
2018-08-14 2018-06-30 13F CLIPPER RLTY COM 18885T306 35,919 -99 307
2019-04-23 2018-03-31 13F/A-1 CLIPPER RLTY COM 18885T306 36,018 2,678 8.03 305 -8.41 0.0001
2018-05-14 2018-03-31 13F CLIPPER RLTY COM 18885T306 36,018 2,678 305
2019-04-23 2017-12-31 13F/A-1 CLIPPER RLTY COM 18885T306 33,340 11,624 53.53 333 43.53 0.0001
2018-02-14 2017-12-31 13F CLIPPER RLTY COM 18885T306 33,340 11,624 333
2017-11-14 2017-09-30 13F CLIPPER RLTY COM 18885T306 21,716 7,412 51.82 232 31.82 0.0001
2017-08-11 2017-06-30 13F CLIPPER RLTY COM 18885T306 14,304 4,953 52.97 176 46.67 0.0001
2017-05-22 2017-03-31 13F/A-1 CLIPPER RLTY COM 18885T306 9,351 9,351 120 0.0000
2017-05-12 2017-03-31 13F CLIPPER RLTY COM 18885T306 9,351 120 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.