Chris Rokos Stock Portfolio: Top 10 Stock Picks

9. Morgan Stanley (NYSE:MS)

Rokos Capital Management’s Stake: $111 Million

Morgan Stanley (NYSE:MS) is another relatively new addition to the 13F portfolio of Rokos Capital Management. The fund first disclosed a stake in the company back in the first quarter of 2024. This position comprised just under 450,000 shares. Since then, the fund steadily added to this position, growing it to over 1.2 million shares by the second quarter of 2025. However, it trimmed the stake in the third quarter of 2025, selling close to 97%. Filings for the fourth quarter of 2025 show that the fund owned over 620,000 shares in the firm, up over 1,900% compared to filings for the previous quarter.

Morgan Stanley (NYSE:MS) is increasingly viewed as a high-margin wealth management powerhouse. Hedge funds are increasingly attracted to the shifted revenue mix of the bank, which now sees over 50% of total revenue derived from Wealth and Investment Management, providing a fee-based cushion that contrasts with the cyclical nature of trading. This transition is backed by significant financial metrics, including a reported $5.5 trillion in total client assets as of the latest quarterly data, which continues to benefit from the higher-for-longer interest rate environment. Investors are also keyed into the integration of generative AI at the firm through a partnership with OpenAI, which is estimated to drive significant productivity gains, potentially expanding operating margins in the wealth segment toward the long-term goal of 30%.