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Morningstar, Inc.

MORN
Exchange
Nasdaq
Industry
Investment Advice
SEC CIK
0001289419

In the last 90 days, Morningstar, Inc. insiders filed 0 open-market purchases and 8 sales; 420 institutions reported holding it in 13F filings for Q2 2026, worth $3.79B in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Morningstar, Inc. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
481
+20 vs. Q1 2025
Shares held
25.7M
+399.7K (+1.6%) vs. Q1 2025
Total value
$8.05B
+$481.0M (+6.4%) vs. Q1 2025
New holders
69
182 more added
Sold out
49
159 more reduced

3 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MORN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 481 institutions
Q1 2021: 309 institutionsQ2 2021: 295 institutionsQ3 2021: 318 institutionsQ4 2021: 341 institutionsQ1 2022: 336 institutionsQ2 2022: 325 institutionsQ3 2022: 311 institutionsQ4 2022: 318 institutionsQ1 2023: 302 institutionsQ2 2023: 294 institutionsQ3 2023: 325 institutionsQ4 2023: 353 institutionsQ1 2024: 385 institutionsQ2 2024: 393 institutionsQ3 2024: 412 institutionsQ4 2024: 451 institutionsQ1 2025: 464 institutionsQ2 2025: 481 institutionsQ3 2025: 452 institutionsQ4 2025: 475 institutionsQ1 2026: 447 institutionsQ2 2026: 420 institutions
Value heldQ2 2025: $8.05B
Q1 2021: $4.83BQ2 2021: $5.62BQ3 2021: $5.83BQ4 2021: $7.92BQ1 2022: $6.41BQ2 2022: $5.67BQ3 2022: $4.99BQ4 2022: $5.14BQ1 2023: $4.85BQ2 2023: $4.79BQ3 2023: $6.17BQ4 2023: $7.22BQ1 2024: $7.92BQ2 2024: $7.63BQ3 2024: $8.25BQ4 2024: $8.67BQ1 2025: $7.57BQ2 2025: $8.05BQ3 2025: $5.78BQ4 2025: $5.27BQ1 2026: $3.99BQ2 2026: $3.79B
Institutions holding MORN and their total value by quarter
QuarterHoldersValue
Q2 2026420$3.79B
Q1 2026447$3.99B
Q4 2025475$5.27B
Q3 2025452$5.78B
Q2 2025481$8.05B
Q1 2025464$7.57B
Q4 2024451$8.67B
Q3 2024412$8.25B
Q2 2024393$7.63B
Q1 2024385$7.92B
Q4 2023353$7.22B
Q3 2023325$6.17B
Q2 2023294$4.79B
Q1 2023302$4.85B
Q4 2022318$5.14B
Q3 2022311$4.99B
Q2 2022325$5.67B
Q1 2022336$6.41B
Q4 2021341$7.92B
Q3 2021318$5.83B
Q2 2021295$5.62B
Q1 2021309$4.83B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Morningstar, Inc.; share changes are against Q1 2025.

Institutions holding MORN in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Acadian Asset Management LLC7,321$2.30M0.00%+7,321New
Public Employees Retirement System of Ohio7,426$2.33M0.01%−923−11.1%Reduced
Louisiana State Employees Retirement System7,500$2.35M0.04%−100−1.3%Reduced
Bright Rock Capital Management, LLC7,500$2.35M0.48%00.0%Unchanged
Redmond Asset Management, LLC7,528$2.36M0.56%00.0%Unchanged
Susquehanna International Group, LLP7,534$2.37M0.00%+4,339+135.8%Added
State of Wisconsin Investment Board7,589$2.38M0.01%−1,183−13.5%Reduced
Loomis Sayles & Co L P7,631$2.40M0.00%+5,149+207.5%Added
Teachers Retirement System of the State of Kentucky7,770$2.44M0.02%00.0%Unchanged
US Bancorp7,972$2.50M0.00%+58+0.7%Added
Arizona State Retirement System8,081$2.54M0.01%+101+1.3%Added
B. Metzler seel. Sohn & Co. AG8,088$2.54M0.02%−429−5.0%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)8,212$2.58M0.01%+1,183+16.8%Added
Comerica Bank8,345$2.62M0.01%−216−2.5%Reduced
CI Private Wealth, LLC8,428$2.65M0.00%−390−4.4%Reduced
M&T Bank Corp8,445$2.65M0.01%+69+0.8%Added
State of New Jersey Common Pension Fund D8,498$2.67M0.01%00.0%Unchanged
Pathstone Holdings, LLC8,544$2.68M0.01%−58−0.7%Reduced
1832 Asset Management L.P.8,600$2.70M0.00%+8,600New
Azzad Asset Management Inc8,683$2.73M0.29%−5−0.1%Reduced
Globeflex Capital L P8,835$2.77M0.23%00.0%Unchanged
Universal- Beteiligungs- und Servicegesellschaft mbH8,852$2.78M0.00%+6,173+230.4%Added
Police & Firemen's Retirement System of New Jersey8,961$2.81M0.03%−735−7.6%Reduced
Yousif Capital Management, LLC8,961$2.81M0.03%−326−3.5%Reduced
Aquatic Capital Management LLC8,973$2.82M0.06%−4,138−31.6%Reduced
Brevan Howard Capital Management LP9,354$2.94M0.03%+4,288+84.6%Added
Gotham Asset Management, LLC9,390$2.95M0.02%+5,286+128.8%Added
Ensign Peak Advisors, Inc9,395$2.95M0.01%+382+4.2%Added
Asset Management One Co.,Ltd.9,486$2.98M0.01%−16,627−63.7%Reduced
OP Asset Management Ltd9,645$3.03M0.04%00.0%Unchanged
Dearborn Partners LLC9,663$3.03M0.14%+8,117+525.0%Added
Ceera Investments, LLC9,786$3.07M0.94%00.0%Unchanged
Commerce Bank10,015$3.14M0.02%−756−7.0%Reduced
Y-Intercept (Hong Kong) Ltd10,054$3.16M0.08%+8,306+475.2%Added
Kensington Investment Counsel, LLC10,343$3.25M1.39%−58−0.6%Reduced
State of Tennessee, Treasury Department10,460$3.28M0.01%00.0%Unchanged
Treasurer of the State of North Carolina10,984$3.45M0.01%−1,225−10.0%Reduced
Vident Advisory, LLC11,184$3.51M0.04%+1,524+15.8%Added
Southeast Asset Advisors Inc.11,227$3.52M0.42%+9+0.1%Added
Schonfeld Strategic Advisors LLC11,330$3.56M0.03%−1,656−12.8%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.11,485$3.61M0.01%+267+2.4%Added
Motley Fool Asset Management LLC11,753$3.69M0.17%−3,557−23.2%Reduced
YHB Investment Advisors, Inc.12,179$3.82M0.30%−705−5.5%Reduced
Henshaw Capital LLC12,463$3.91M0.16%−2,130−14.6%Reduced
Amalgamated Bank12,542$3.94M0.03%−247−1.9%Reduced
New York State Common Retirement Fund12,641$3.97M0.01%−1,334−9.5%Reduced
Daiwa Securities Group Inc.12,717$3.99M0.01%−850−6.3%Reduced
Natixis12,948$4.06M0.02%−17,933−58.1%Reduced
Mutual of America Capital Management LLC13,237$4.16M0.04%−667−4.8%Reduced
Oppenheimer Asset Management Inc.13,238$4.16M0.05%−823−5.9%Reduced
Stifel Financial Corp13,513$4.24M0.00%−1,704−11.2%Reduced
Cardinal Capital Management13,854$4.35M0.64%+1,519+12.3%Added
Congress Wealth Management LLC14,043$4.41M0.04%+783+5.9%Added
First Trust Advisors LP14,400$4.52M0.00%−55,056−79.3%Reduced
Sone Capital Management, LLC14,559$4.57M0.42%−23,990−62.2%Reduced
Neuberger Berman Group LLC14,616$4.59M0.00%−421−2.8%Reduced
Verition Fund Management LLC14,920$4.68M0.03%−1,773−10.6%Reduced
MetLife Investment Management15,008$4.71M0.03%−1,151−7.1%Reduced
Capital Fund Management S.A.15,057$4.73M0.05%+15,057New
Russell Investments Group, Ltd.15,086$4.74M0.01%−3,822−20.2%Reduced
American Century Companies Inc15,308$4.81M0.00%+6,936+82.8%Added
HighTower Advisors, LLC15,397$4.83M0.01%−148−1.0%Reduced
Fisher Asset Management, LLC16,141$5.07M0.00%−1,398−8.0%Reduced
Man Group plc16,421$5.16M0.01%−2,859−14.8%Reduced
Allianz Asset Management GmbH16,713$5.25M0.01%+16,713New
Barclays PLC17,356$5.45M0.00%−792−4.4%Reduced
Victory Capital Management Inc17,534$5.50M0.00%+232+1.3%Added
State of Alaska, Department of Revenue17,557$5.51M0.06%+2,320+15.2%Added
BNP Paribas Arbitrage, SA17,696$5.56M0.00%+9,928+127.8%Added
Voya Investment Management LLC18,042$5.66M0.01%+5,102+39.4%Added
Squarepoint Ops LLC18,143$5.70M0.01%−45,888−71.7%Reduced
Citigroup Inc18,465$5.80M0.00%+5,357+40.9%Added
Pinebridge Investments, L.P.18,517$5.81M0.05%−3,537−16.0%Reduced
Motley Fool Wealth Management, LLC19,701$6.18M0.37%−2,082−9.6%Reduced
Edgestream Partners, L.P.20,225$6.35M0.18%+20,225New
Great West Life Assurance Co20,256$6.36M0.01%−963−4.5%Reduced
Jump Financial, LLC20,266$6.36M0.08%+3,196+18.7%Added
Manufacturers Life Insurance Company, The20,455$6.42M0.01%−1,354−6.2%Reduced
Van Eck Associates Corp20,797$6.53M0.01%+20,797New
Prudential Financial Inc21,826$6.85M0.01%+2,107+10.7%Added
Thrivent Financial for Lutherans22,097$6.94M0.02%+4,882+28.4%Added
D. E. Shaw & Co., Inc.22,915$7.19M0.01%−17,113−42.8%Reduced
Sea Cliff Partners Management, LP24,000$7.53M2.57%+24,000New
Tudor Investment Corp Et Al24,627$7.73M0.06%+1,356+5.8%Added
Teacher Retirement System of Texas24,736$7.77M0.03%−2,152−8.0%Reduced
Kornitzer Capital Management Inc24,841$7.80M0.16%−463−1.8%Reduced
United Capital Financial Advisers, LLC24,908$7.82M0.06%−488−1.9%Reduced
State Board of Administration of Florida Retirement System25,013$7.85M0.01%+160+0.6%Added
California State Teachers Retirement System25,483$8.00M0.01%−203−0.8%Reduced
Marks Group Wealth Management, Inc25,978$8.16M0.76%+157+0.6%Added
Voleon Capital Management LP26,933$8.46M0.46%+6,003+28.7%Added
ExodusPoint Capital Management, LP27,066$8.50M0.10%+8,497+45.8%Added
Engineers Gate Manager LP27,114$8.51M0.11%+8,056+42.3%Added
Tribune Investment Group LP28,000$8.79M4.33%−8,000−22.2%Reduced
Magnetar Financial LLC28,223$8.86M0.04%+12,727+82.1%Added
Susquehanna Portfolio Strategies, LLC29,070$9.13M0.20%+29,070New
Holocene Advisors, LP29,211$9.17M0.02%+7,927+37.2%Added
Cooper Investors Pty Ltd30,985$9.73M1.77%+6,598+27.1%Added
Quantinno Capital Management LP31,146$9.78M0.04%+10,123+48.2%Added
HRT Financial LP31,773$9.97M0.04%+14,619+85.2%Added