Morgan Stanley ownership in RDWR / Radware Ltd.

拉德韋爾有限公司

US ˙ NasdaqGS

Security	RDWR / Radware Ltd.
Institution	Morgan Stanley
Latest Disclosed Ownership	3,052,188 shares
Ownership	7.20%

2026-05-12 - Morgan Stanley has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,052,188 shares of Radware Ltd. (US:RDWR). This represents 7.2 percent ownership of the company. In their previous filing dated 2026-02-12 , Morgan Stanley had reported owning 2,616,532 shares, indicating an increase of 16.65 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2026-05-12	2026-05-12	13G/A	2,616,532	3,052,188	16.65	7.20	18.03
2026-02-12	2026-02-12	13G	2,028,645	2,616,532	28.98	6.10	27.08
2025-11-07	2025-11-07	13G/A	2,481,276	2,028,645	-18.24	4.80	-18.64
2025-02-03	2025-02-03	13G/A	3,040,458	2,481,276	-18.39	5.90	-19.18
2024-11-08	2024-11-08	13G/A	3,534,162	3,040,458	-13.97	7.30	-13.10
2024-02-09	2024-02-09	13G	350,916	3,534,162	907.12	8.40	950.00
2021-11-09	2021-11-09	13G/A	2,661,708	350,916	-86.82	0.80	-86.21
2021-02-11	2021-02-11	13G/A	2,099,044	2,661,708	26.81	5.80	23.40
2021-02-11	2021-02-11	13G	2,099,044	2,323,994	10.72	5.00	6.38
2017-02-14	2017-02-14	13G/A		2,099,044		4.70	0.00
2017-02-13	2017-02-13	13G/A	2,232,954			4.70	-6.00
2016-10-28	2016-10-28	13G	799,143	2,232,954	179.42	5.00	194.12
2015-07-14	2015-07-14	13G/A		799,143		1.70
2015-02-05	2015-02-05	13G/A		2,479,026		5.50
2014-01-28	2014-01-28	13G/A		4,263,422		9.50
2013-04-12	2013-04-12	13G		1,487,113		6.60

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	RADWARE	ORD	M81873107	3,055,595	435,908	16.64	80,423	27.44	0.0048
2026-05-27	2025-12-31	13F/A-1	RADWARE	ORD	M81873107	2,619,687	588,064	28.95	63,108	17.26	0.0038
2026-02-13	2025-12-31	13F	RADWARE	ORD	M81873107	2,619,687	588,064		63,108		0.0038
2026-05-27	2025-09-30	13F/A-1	RADWARE	ORD	M81873107	2,031,623	-217,945	-9.69	53,818	-18.74	0.0033
2025-11-14	2025-09-30	13F	RADWARE	ORD	M81873107	2,031,623	-217,945		53,818		0.0033
2025-08-15	2025-06-30	13F	RADWARE	ORD	M81873107	2,249,568	-435,758	-16.23	66,227	14.07	0.0043
2025-05-15	2025-03-31	13F	RADWARE	ORD	M81873107	2,685,326	193,797	7.78	58,057	3.42	0.0042
2025-05-15	2024-12-31	13F/A-1	RADWARE	ORD	M81873107	2,491,529	-561,878	-18.40	56,134	-17.49	0.0039
2025-02-14	2024-12-31	13F	RADWARE	ORD	M81873107	2,491,529	-561,878		56,134		0.0039
2025-05-14	2024-09-30	13F/A-2	RADWARE	ORD	M81873107	3,053,407	-59,405	-1.91	68,030	19.82	0.0049
2025-02-14	2024-09-30	13F/A-1	RADWARE	ORD	M81873107	3,053,407	-59,405		68,030		0.0049
2024-11-14	2024-09-30	13F	RADWARE	ORD	M81873107	3,053,407	-59,405		68,030		0.0006
2025-05-14	2024-06-30	13F/A-2	RADWARE	ORD	M81873107	3,112,812	-17,456	-0.56	56,778	-3.11	0.0044
2024-10-17	2024-06-30	13F/A-1	RADWARE	ORD	M81873107	3,112,812	-17,456		56,778		0.0044
2024-08-14	2024-06-30	13F	RADWARE	ORD	M81873107	3,112,812	-17,456		56,778		0.0044
2024-10-17	2024-03-31	13F/A-2	RADWARE	ORD	M81873107	3,130,268	-429,169	-12.06	58,599	-1.30	0.0047
2024-08-16	2024-03-31	13F/A-1	RADWARE	ORD	M81873107	3,130,268	-429,169		58,599		0.0047
2024-05-15	2024-03-31	13F	RADWARE	ORD	M81873107	3,130,268	-429,169		58,599		0.0047
2024-08-16	2023-12-31	13F/A-1	RADWARE	ORD	M81873107	3,559,437	509,304	16.70	59,371	15.04	0.0052
2024-02-13	2023-12-31	13F	RADWARE	ORD	M81873107	3,559,437	509,304		59,371		0.0052
2023-11-15	2023-09-30	13F	RADWARE	ORD	M81873107	3,050,133	-680,301	-18.24	51,608	-28.65	0.0052
2023-08-14	2023-06-30	13F	RADWARE	ORD	M81873107	3,730,434	1,252,649	50.56	72,333	35.53	0.0071
2023-05-15	2023-03-31	13F	RADWARE	ORD	M81873107	2,477,785	186,554	8.14	53,371	17.94	0.0057
2023-02-14	2022-12-31	13F	RADWARE	ORD	M81873107	2,291,231	269,436	13.33	45,252	2.71	0.0051
2022-11-14	2022-09-30	13F	RADWARE	ORD	M81873107	2,021,795	567,045	38.98	44,055	39.75	0.0060
2022-10-27	2022-06-30	13F/A-1	RADWARE	ORD	M81873107	1,454,750	756,298	108.28	31,525	41.18	0.0041
2022-08-15	2022-06-30	13F	RADWARE	ORD	M81873107	1,454,750	756,298		31,525		0.0008
2022-10-27	2022-03-31	13F/A-1	RADWARE	ORD	M81873107	698,452	541,220	344.22	22,329	241.06	0.0030
2022-05-13	2022-03-31	13F	RADWARE	ORD	M81873107	698,452	541,220		22,329		0.0030
2022-02-14	2021-12-31	13F	RADWARE	ORD	M81873107	157,232	-756,841	-82.80	6,547	-78.76	0.0008
2021-11-15	2021-09-30	13F	RADWARE	ORD	M81873107	914,073	-770,588	-45.74	30,823	-40.56	0.0042
2021-08-23	2021-06-30	13F/A-1	RADWARE	ORD	M81873107	1,684,661	-286,697	-14.54	51,854	0.86	0.0068
2021-08-16	2021-06-30	13F	RADWARE	ORD	M81873107	1,684,661	-286,697		51,854		0.0014
2021-05-17	2021-03-31	13F	RADWARE	ORD	M81873107	1,971,358	-688,650	-25.89	51,412	-30.35	0.0076
2021-02-16	2020-12-31	13F	RADWARE	ORD	M81873107	2,660,008	1,292,913	94.57	73,816	122.75	0.0114
2020-11-13	2020-09-30	13F	RADWARE	ORD	M81873107	1,367,095	-304,512	-18.22	33,139	-15.96	0.0064
2020-08-14	2020-06-30	13F	RADWARE	ORD	M81873107	1,671,607	970,881	138.55	39,434	167.10	0.0087
2020-05-26	2020-03-31	13F/A-1	RADWARE	ORD	M81873107	700,726	-900,822	-56.25	14,764	-64.24	0.0040
2020-05-15	2020-03-31	13F	RADWARE	ORD	M81873107	700,726	-900,822		14,764		1,134.1830
2020-02-14	2019-12-31	13F	RADWARE	ORD	M81873107	1,601,548	26,635	1.69	41,288	8.07	0.0096
2019-11-14	2019-09-30	13F	RADWARE	ORD	M81873107	1,574,913	-214,327	-11.98	38,206	-13.65	0.0101
2019-08-14	2019-06-30	13F	RADWARE	ORD	M81873107	1,789,240	-216,339	-10.79	44,247	-15.57	0.0118
2019-05-15	2019-03-31	13F	RADWARE	ORD	M81873107	2,005,579	544,692	37.29	52,406	57.96	0.0148
2019-02-14	2018-12-31	13F	RADWARE	ORD	M81873107	1,460,887	444,295	43.70	33,176	23.29	0.0099
2019-04-23	2018-09-30	13F/A-2	RADWARE	ORD	M81873107	1,016,592	64,341	6.76	26,910	11.78	0.0067
2018-11-20	2018-09-30	13F/A-1	RADWARE	ORD	M81873107	1,016,592	0		26,910		0.0067
2018-11-14	2018-09-30	13F	RADWARE	ORD	M81873107	1,016,592	64,341		26,910
2019-04-23	2018-06-30	13F/A-1	RADWARE	ORD	M81873107	952,251	-36,546	-3.70	24,075	14.05	0.0065
2018-08-14	2018-06-30	13F	RADWARE	ORD	M81873107	952,251	-36,546		24,075
2019-04-23	2018-03-31	13F/A-1	RADWARE	ORD	M81873107	988,797	-36,337	-3.54	21,110	6.15	0.0059
2018-05-14	2018-03-31	13F	RADWARE	ORD	M81873107	988,797	-36,337		21,110
2019-04-23	2017-12-31	13F/A-1	RADWARE	ORD	M81873107	1,025,134	10,376	1.02	19,887	16.24	0.0054
2018-02-14	2017-12-31	13F	RADWARE	ORD	M81873107	1,025,134	10,376		19,887
2017-11-14	2017-09-30	13F	RADWARE	ORD	M81873107	1,014,758	-140,716	-12.18	17,109	-15.58	0.0051
2017-08-11	2017-06-30	13F	RADWARE	ORD	M81873107	1,155,474	-87,561	-7.04	20,266	0.89	0.0061
2017-05-22	2017-03-31	13F/A-1	RADWARE	ORD	M81873107	1,243,035	-848,702	-40.57	20,087	-34.14	0.0062
2017-05-12	2017-03-31	13F	RADWARE	ORD	M81873107	1,243,035			20,087
2017-02-22	2016-12-31	13F/A-1	RADWARE	ORD	M81873107	2,091,737	167,389	8.70	30,498	15.35	0.0100
2017-02-13	2016-12-31	13F	RADWARE	ORD	M81873107	2,091,737			30,498
2016-11-10	2016-09-30	13F	RADWARE	ORD	M81873107	1,924,348	483,761	33.58	26,440	63.01	0.0090
2016-08-12	2016-06-30	13F	RADWARE	ORD	M81873107	1,440,587	939,919	187.73	16,220	173.85	0.0059
2016-05-12	2016-03-31	13F	RADWARE	ORD	M81873107	500,668	225,599	82.02	5,923	40.39	0.0023
2016-02-09	2015-12-31	13F	RADWARE	ORD	M81873107	275,069	-184,576	-40.16	4,219	-43.55	0.0015
2016-02-08	2015-09-30	13F/A-1	RADWARE	ORD	M81873107	459,645	-326,861	-41.56	7,474	-57.19	0.0028
2015-11-09	2015-09-30	13F	RADWARE	ORD	M81873107	459,645			7,474
2015-08-12	2015-06-30	13F	RADWARE	ORD	M81873107	786,506	-797,118	-50.34	17,460	-47.27	0.0061
2015-05-14	2015-03-31	13F	RADWARE	ORD	M81873107	1,583,624	-890,018	-35.98	33,114	-39.21	0.0122
2015-02-13	2014-12-31	13F	RADWARE	ORD	M81873107	2,473,642	-1,369,322	-35.63	54,470	-19.74	0.0199
2014-12-16	2014-09-30	13F/A-1	RADWARE	ORD	M81873107	3,842,964	-17,973	-0.47	67,867	4.20	0.0261
2014-11-14	2014-09-30	13F	RADWARE	ORD	M81873107	3,842,964			67,867
2014-08-12	2014-06-30	13F	RADWARE	ORD	M81873107	3,860,937	20,721	0.54	65,133	-4.07	0.1114
2014-05-13	2014-03-31	13F	RADWARE	ORD	M81873107	3,840,216	-419,590	-9.85	67,895	-11.35	0.0284
2014-02-13	2013-12-31	13F	RADWARE	ORD	M81873107	4,259,806	-77,284	-1.78	76,590	26.59	0.0326
2013-11-13	2013-09-30	13F	RADWARE LTD COM ST	COM	M81873107	4,337,090	718,211	19.85	60,502	21.23	0.0286
2013-08-08	2013-06-30	13F	RADWARE LTD COM ST	COM	M81873107	3,618,879	3,618,879		49,905		0.0252

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.