Morgan Stanley, in aggregate through its subsidiaries and funds, reached a 5.05% stake in the common shares of Construtora Tenda (TEND3), totaling 6,184,696 shares. The notice was sent to the company on November 3, 2026 and disclosed to the market on November 9, 2026, following transactions on the spot market.
According to the document, the position consists of 1,886,181 common shares and 4,298,515 common shares borrowed through securities lending. Morgan Stanley also reported exposure to cash-settled derivative instruments: 35,400 in the long position (0.03%) and 15,600 in the short position (0.01%).
The investor stated that it does not intend to change the composition of the shareholder control or the management structure of Tenda.
