Brandywine Realty Trust
US ˙ NYSE ˙ US1053682035

SecurityBDN / Brandywine Realty Trust
InstitutionMorgan Stanley
Latest Disclosed Ownership1,676,701 shares
Latest Disclosed Value $ 4,543,864
Morgan Stanley reports 37.92% decrease in ownership of BDN / Brandywine Realty Trust

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,676,701 shares of Brandywine Realty Trust (US:BDN) valued at $4,543,860 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,700,665 shares of Brandywine Realty Trust. This represents a change in shares of -37.92% during the quarter. The current value of the position is $5,231,307 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 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,676,701 -1,023,964 -37.92 4,544 -42.38 0.0003
2026-05-27 2025-12-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,700,665 -505,606 -15.77 7,886 -41.02 0.0005
2026-02-13 2025-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,700,665 -505,606 7,886 0.0005
2026-05-27 2025-09-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,206,271 -158,735 -4.72 13,370 -7.38 0.0008
2025-11-14 2025-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,206,271 -158,735 13,370 0.0008
2025-08-15 2025-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,365,006 -566,437 -14.41 14,436 -17.67 0.0009
2025-05-15 2025-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,931,443 -463,588 -10.55 17,534 -28.76 0.0013
2025-05-15 2024-12-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,395,031 -132,394 -2.92 24,612 -0.07 0.0017
2025-02-14 2024-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,395,031 -132,394 24,612 0.0017
2025-05-14 2024-09-30 13F/A-2 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,527,425 319,081 7.58 24,629 30.64 0.0018
2025-02-14 2024-09-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,527,425 319,081 24,629 0.0018
2024-11-14 2024-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,527,425 319,081 24,629 0.0018
2025-05-14 2024-06-30 13F/A-2 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,208,344 -147,955 -3.40 18,853 -9.84 0.0015
2024-10-17 2024-06-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,208,344 -147,955 18,853 0.0015
2024-08-14 2024-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,208,344 -147,955 18,853 0.0015
2024-10-17 2024-03-31 13F/A-2 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,356,299 118,019 2.78 20,910 -8.63 0.0017
2024-08-16 2024-03-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,356,299 118,019 20,910 0.0002
2024-05-15 2024-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,356,299 118,019 20,910 0.0017
2024-08-16 2023-12-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,238,280 -889,760 -17.35 22,887 -1.70 0.0020
2024-02-13 2023-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,238,280 -889,760 22,887 0.0020
2023-11-15 2023-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 5,128,040 923,232 21.96 23,281 19.07 0.0024
2023-08-14 2023-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,204,808 1,831,650 77.18 19,552 74.18 0.0019
2023-05-15 2023-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,373,158 123,589 5.49 11,225 -18.86 0.0012
2023-02-14 2022-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,249,569 629,003 38.81 13,835 26.48 0.0016
2022-11-14 2022-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,620,566 222,681 15.93 10,938 -18.83 0.0015
2022-10-27 2022-06-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,397,885 390,513 38.77 13,475 -5.40 0.0017
2022-08-15 2022-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,397,885 390,513 13,475 0.0004
2022-10-27 2022-03-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,007,372 -20,406 -1.99 14,244 3.28 0.0019
2022-05-13 2022-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,007,372 -20,406 14,244 0.0019
2022-02-14 2021-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,027,778 -77,449 -7.01 13,791 -7.02 0.0017
2021-11-15 2021-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,105,227 -61,302 -5.26 14,832 -7.26 0.0020
2021-08-23 2021-06-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,166,529 -8,687 -0.74 15,993 5.42 0.0021
2021-08-16 2021-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,166,529 -8,687 15,993 0.0004
2021-05-17 2021-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,175,216 414,519 54.49 15,171 67.45 0.0022
2021-02-16 2020-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 760,697 272,586 55.85 9,060 79.55 0.0014
2020-11-13 2020-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 488,111 -17,241 -3.41 5,046 -8.32 0.0010
2020-08-14 2020-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 505,352 356,737 240.04 5,504 252.14 0.0012
2020-05-26 2020-03-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 148,615 27,548 22.75 1,563 -18.00 0.0004
2020-05-15 2020-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 148,615 27,548 1,563 120.0710
2020-02-14 2019-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 121,067 -14,847 -10.92 1,906 -7.43 0.0004
2019-11-14 2019-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 135,914 -541,776 -79.94 2,059 -78.78 0.0005
2019-08-14 2019-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 677,690 -354,652 -34.35 9,705 -40.73 0.0026
2019-05-15 2019-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,032,342 -1,781,510 -63.31 16,373 -54.79 0.0046
2019-02-14 2018-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,813,852 -252,674 -8.24 36,213 -24.88 0.0108
2019-04-23 2018-09-30 13F/A-2 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,066,526 -504,518 -14.13 48,206 -20.03 0.0121
2018-11-20 2018-09-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,066,526 0 48,206 0.0121
2018-11-14 2018-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,066,526 -504,518 48,206
2019-04-23 2018-06-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,571,044 1,082,940 43.52 60,280 52.57 0.0163
2018-08-14 2018-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 3,571,044 1,082,940 60,280
2019-04-23 2018-03-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,488,104 1,223,971 96.82 39,510 71.82 0.0110
2018-05-14 2018-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,488,104 1,223,971 39,510
2019-04-23 2017-12-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,264,133 985,995 354.50 22,995 372.66 0.0063
2018-02-14 2017-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,264,133 985,995 22,995
2017-11-14 2017-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 278,138 -128,022 -31.52 4,865 -31.67 0.0015
2017-08-11 2017-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 406,160 149,953 58.53 7,120 71.19 0.0022
2017-05-22 2017-03-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 256,207 70,624 38.06 4,159 35.69 0.0013
2017-05-12 2017-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 256,207 4,159
2017-02-22 2016-12-31 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 185,583 -40,438 -17.89 3,065 -13.17 0.0010
2017-02-13 2016-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 185,583 3,065
2016-11-10 2016-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 226,021 -40,049 -15.05 3,530 -21.05 0.0012
2016-08-12 2016-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 266,070 -94,092 -26.12 4,471 -11.52 0.0016
2016-05-12 2016-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 360,162 -60,125 -14.31 5,053 -11.98 0.0019
2016-02-09 2015-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 420,287 144,576 52.44 5,741 69.00 0.0021
2016-02-08 2015-09-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 275,711 -350,190 -55.95 3,397 -59.14 0.0013
2015-11-09 2015-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 275,711 3,397
2015-08-12 2015-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 625,901 358,648 134.20 8,313 94.64 0.0029
2015-05-14 2015-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 267,253 -333,228 -55.49 4,271 -55.49 0.0016
2015-02-13 2014-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 600,481 24,364 4.23 9,595 18.37 0.0035
2014-12-16 2014-09-30 13F/A-1 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 576,117 -80,381 -12.24 8,106 -20.86 0.0031
2014-11-14 2014-09-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 576,117 8,106
2014-08-12 2014-06-30 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 656,498 235,492 55.94 10,242 68.23 0.0175
2014-05-13 2014-03-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 421,006 185,366 78.66 6,088 83.37 0.0025
2014-02-13 2013-12-31 13F BRANDYWINE RLTY TR SH BEN INT NEW 105368203 235,640 -47,418 -16.75 3,320 -11.02 0.0014
2013-11-13 2013-09-30 13F BRANDYWINE REALTY TRUST COM COM 105368203 283,058 27,412 10.72 3,731 7.96 0.0018
2013-08-08 2013-06-30 13F BRANDYWINE REALTY TRUST COM COM 105368203 255,646 255,646 3,456 0.0017
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.