Lido Advisors trims holdings across funds, Morgan Stanley

Lido Advisors LLC trimmed its exposure across multiple holdings in the first quarter, including selling 47,324 Morgan Stanley shares to hold 208,195 shares, a drop of 18.5%. It also reduced its position in the iShares MSCI ACWI ETF by 34.7% after divesting 116,899 shares, leaving 219,746 shares valued around $30.4 million. The firm lowered its stake in the Vanguard Russell 2000 ETF by 13.9% after selling 44,696 shares, for a total of 276,952 shares worth about $27.7 million. Lido further reduced its position in the State Street SPDR Portfolio S&P 500 ETF by 39.2% after selling 274,937 shares, bringing holdings to 426,058 shares. It also cut its iShares Russell Mid-Cap Growth ETF stake by 5.4% after selling 11,055 shares, leaving 193,236 shares valued at roughly $24.8 million. Taken together, these moves indicate a broad quarterly rebalance across large-cap, mid-cap, and international exposure.