Morse Asset Management, Inc ownership in DOW1 / Dow Inc.

다우 주식회사

MX ˙ BMV ˙ US2605571031

Security	MX:DOW1 / Dow Inc.
Institution	Morse Asset Management, Inc
Latest Disclosed Ownership	14,107 shares
Latest Disclosed Value	$ 587,557

On May 14, 2026 - Morse Asset Management, Inc filed a 13F-HR form disclosing ownership of 14,107 shares of Dow Inc. (MX:DOW1) valued at $587,557 USD as of March 31, 2026. The entity filed a previous 13F-HR on August 15, 2025 disclosing 0 shares of Dow Inc..

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.

Upgrade to unlock premium data and export to Excel Premium Registration Required .

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-14	2026-03-31	13F	DOW HLDGS INC COM	Stock	260557103	14,107	14,107		588		0.1221
2025-08-15	2025-06-30	13F	DOW INC COM	Stock	260557103	0	-999	-100.00	0	-100.00
2025-05-05	2025-03-31	13F	DOW INC COM	Stock	260557103	999	-428	-29.99	35	-40.35	0.0088
2025-02-14	2024-12-31	13F	DOW INC COM	Stock	260557103	1,427	-1,674	-53.98	57	-66.27	0.0131
2024-11-20	2024-09-30	13F/A-1	DOW INC COM	Stock	260557103	3,101	3,101		169		0.0366
2024-11-14	2024-09-30	13F	DOW INC COM	Stock	260557103	3,101	3,101		0		0.0364
2024-08-14	2024-06-30	13F	Dow	COM	260557103	0	-20,424	-100.00	0	-100.00
2024-05-15	2024-03-31	13F	Dow	COM	260557103	20,424	-865	-4.06	1	0.00	0.3019
2024-02-15	2023-12-31	13F	Dow	COM	260557103	21,289	-200	-0.93	1	0.00	0.3435
2023-11-13	2023-09-30	13F	Dow	COM	260557103	21,489	375	1.78	1	0.00	0.3505
2023-08-14	2023-06-30	13F	Dow	COM	260557103	21,114	-675	-3.10	1	0.00	0.3422
2023-05-03	2023-03-31	13F	Dow	COM	260557103	21,789	4,270	24.37	1		0.4035
2023-02-08	2022-12-31	13F	Dow	COM	260557103	17,519	11,020	169.56	1	-100.00	0.3207
2022-11-14	2022-09-30	13F	Dow	COM	260557103	6,499	-45,240	-87.44	286	-89.29	0.1080
2022-08-11	2022-06-30	13F	Dow	COM	260557103	51,739	12,645	32.35	2,670	7.19	0.8567
2022-05-12	2022-03-31	13F	Dow	COM	260557103	39,094	32,795	520.64	2,491	597.76	0.6192
2022-02-14	2021-12-31	13F	Dow	COM	260557103	6,299	-49,505	-88.71	357	-88.89	0.0797
2021-11-09	2021-09-30	13F	Dow	COM	260557103	55,804	-2,980	-5.07	3,212	-13.66	0.7648
2021-08-13	2021-06-30	13F	Dow	COM	260557103	58,784	-1,145	-1.91	3,720	-2.92	0.8990
2021-05-13	2021-03-31	13F/A-1	Dow	COM	260557103	59,929	8,815	17.25	3,832	35.07	0.9833
2021-05-13	2021-03-31	13F	Dow	COM	260557103	59,929	8,815		3,832		0.9833
2021-02-11	2020-12-31	13F	Dow	COM	260557103	51,114	51,114		2,837		0.7866
2020-05-01	2020-03-31	13F	Dow	COM	260557103	0	-4,640	-100.00	0	-100.00
2020-01-31	2019-12-31	13F	Dow	COM	260557103	4,640	-1,658	-26.33	254	-15.33	0.0871
2019-11-05	2019-09-30	13F	Dow	COM	260557103	6,298	-5,666	-47.36	300	-49.15	0.1121
2019-08-01	2019-06-30	13F	Dow	COM	260557103	11,964	-13,653	-53.30	590	-56.81	0.1738
2019-05-02	2019-03-31	13F	Dowdupont	COM	26078J100	25,617	-62,705	-71.00	1,366	-71.08	0.4095
2019-02-13	2018-12-31	13F	Dowdupont	COM	26078J100	88,322	-8,065	-8.37	4,723	-23.81	1.6770
2018-11-01	2018-09-30	13F	Dowdupont	COM	26078J100	96,387	3,975	4.30	6,199	1.76	1.6336
2018-08-15	2018-06-30	13F	Dowdupont	COM	26078J100	92,412	-6,365	-6.44	6,092	-3.19	1.6695
2018-05-02	2018-03-31	13F	Dowdupont	COM	26078J100	98,777	-1,461	-1.46	6,293	-11.85	1.7428
2018-01-29	2017-12-31	13F	Dowdupont	COM	26078J100	100,238	3,510	3.63	7,139	6.62	1.9865
2017-10-31	2017-09-30	13F	Dowdupont	COM	26078J100	96,728	96,728		6,696		1.9952

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.