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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
Bank of Nova Scotia32,000$10.0M0.02%−12,500−28.1%Reduced
Alliancebernstein L.P.32,166$10.1M0.00%+135+0.4%Added
Retirement Systems of Alabama32,532$10.2M0.04%−351−1.1%Reduced
Jane Street Group, LLC34,401$10.8M0.02%+13,798+67.0%Added
Janus Henderson Group PLC37,982$11.9M0.01%+16,212+74.5%Added
Voloridge Investment Management, LLC40,435$12.7M0.05%+39,194+3,158.3%Added
Segall Bryant & Hamill, LLC40,792$12.8M0.18%+2,576+6.7%Added
Meeder Asset Management Inc40,984$12.9M0.79%+40,729+15,972.2%Added
Cubist Systematic Strategies, LLC41,559$13.0M0.14%−3,496−7.8%Reduced
Healthcare of Ontario Pension Plan Trust Fund42,420$13.3M0.03%+26,520+166.8%Added
Parnassus Investments42,955$13.5M0.03%−11,287−20.8%Reduced
National Bank of Canada43,878$13.8M0.01%+28,758+190.2%Added
Ci Investments Inc.43,878$13.8M0.05%+3,471+8.6%Added
Algert Global LLC44,143$13.9M0.29%+5,987+15.7%Added
Ameriprise Financial Inc44,284$13.9M0.00%+13,681+44.7%Added
Price T Rowe Associates Inc45,053$14.1M0.00%−2,427−5.1%Reduced
California Public Employees Retirement System45,120$14.2M0.01%+34+0.1%Added
Citadel Advisors LLC47,548$14.9M0.01%−60,234−55.9%Reduced
Barlow Wealth Partners, Inc.49,072$15.2M1.82%+12,350+33.6%Added
Lazard Asset Management LLC48,952$15.4M0.02%+38,489+367.9%Added
Legal & General Group Plc49,501$15.5M0.00%+1,812+3.8%Added
Toronto Dominion Bank50,640$15.9M0.03%+50,640New
Bank of Montreal52,342$16.4M0.01%+47,000+879.8%Added
Swiss National Bank53,100$16.7M0.01%−900−1.7%Reduced
Chicago Capital, LLC56,415$17.7M0.44%−380−0.7%Reduced
Nicholas Company, Inc.56,565$17.8M0.30%−200.0%Reduced
UBS Group AG57,707$18.1M0.00%−47,543−45.2%Reduced
Panagora Asset Management Inc58,661$18.4M0.08%+1,969+3.5%Added
Nordea Investment Management AB60,181$18.8M0.02%+1,755+3.0%Added
Congress Asset Management Co60,411$19.0M0.13%+4,195+7.5%Added
Confluence Investment Management LLC60,980$19.1M0.27%−1,123−1.8%Reduced
Raymond James Financial Inc61,286$19.2M0.01%+2,303+3.9%Added
Principal Financial Group Inc69,046$21.7M0.01%−7,281−9.5%Reduced
Rhumbline Advisers71,584$22.5M0.02%−4,593−6.0%Reduced
Captrust Financial Advisors75,647$23.7M0.05%+2,035+2.8%Added
Wells Fargo & Company85,849$27.0M0.01%+1,311+1.6%Added
DF Dent & Co Inc87,012$27.3M0.35%+4,049+4.9%Added
Copeland Capital Management, LLC92,614$29.1M0.60%−10,770−10.4%Reduced
American Capital Management Inc97,479$30.6M1.27%−30,596−23.9%Reduced
Royal Bank of Canada103,916$32.6M0.01%+66,827+180.2%Added
Envestnet Asset Management Inc104,139$32.7M0.01%−2,155−2.0%Reduced
Assenagon Asset Management S.A.105,430$33.1M0.05%+105,430New
Nuveen, LLC108,844$34.2M0.01%−18,773−14.7%Reduced
Point72 Asset Management, L.P.123,200$38.7M0.09%+62,551+103.1%Added
Royce & Associates LP129,217$40.6M0.42%−8,316−6.0%Reduced
UBS Asset Management Americas Inc131,338$41.2M0.01%+22,081+20.2%Added
Qube Research & Technologies Ltd138,932$43.6M0.06%+51,449+58.8%Added
SEI Investments Co140,323$44.1M0.05%+1,254+0.9%Added
Two Sigma Advisers, LP142,200$44.6M0.09%+50,500+55.1%Added
Two Sigma Investments, LP160,668$50.4M0.09%+47,516+42.0%Added
Amundi162,681$50.5M0.02%+161,968+22,716.4%Added
M&G Plc163,887$51.5M0.28%−4,790−2.8%Reduced
Schroder Investment Management Group166,898$52.2M0.04%+56,328+50.9%Added
Charles Schwab Investment Management Inc193,541$60.8M0.01%−2,924−1.5%Reduced
Arrowstreet Capital, Limited Partnership193,612$60.8M0.04%+30,676+18.8%Added
Bank of New York Mellon Corp198,589$62.3M0.01%−71,588−26.5%Reduced
Premier Fund Managers Ltd200,807$62.9M2.29%+30,739+18.1%Added
Northern Trust Corp208,381$65.4M0.01%−9,235−4.2%Reduced
Allspring Global Investments Holdings, LLC212,169$66.2M0.11%−42,888−16.8%Reduced
JPMorgan Chase & Co236,324$74.2M0.01%+35,561+17.7%Added
Renaissance Technologies LLC265,170$83.2M0.11%+29,900+12.7%Added
FMR LLC273,755$85.9M0.00%−146,225−34.8%Reduced
Invesco Ltd.280,923$88.2M0.01%+204,277+266.5%Added
AQR Capital Management LLC293,969$92.3M0.08%+256,806+691.0%Added
Norges Bank296,958$93.2M0.01%−34,715−10.5%Reduced
Dimensional Fund Advisors LP331,631$104.1M0.02%+14,504+4.6%Added
Goldman Sachs Group Inc377,483$118.5M0.02%+239,563+173.7%Added
Liontrust Investment Partners LLP391,816$123.0M1.76%+68,896+21.3%Added
Geode Capital Management, LLC626,941$196.8M0.01%+11,408+1.9%Added
Massachusetts Financial Services Co640,132$201.0M0.06%−222,127−25.8%Reduced
Wasatch Advisors Inc644,799$202.4M1.06%−19,446−2.9%Reduced
Wellington Management Group LLP780,841$245.1M0.04%−298,964−27.7%Reduced
State Street Corp784,175$246.2M0.01%−65,830−7.7%Reduced
Millennium Management LLC811,158$254.6M0.23%+270,363+50.0%Added
Kayne Anderson Rudnick Investment Management LLC848,569$266.4M0.64%−61,587−6.8%Reduced
Bank of America Corp912,053$286.3M0.02%−4,382−0.5%Reduced
Select Equity Group, L.P.1,113,301$349.5M1.49%−59,266−5.1%Reduced
Bamco Inc1,295,326$406.6M1.10%−4,182−0.3%Reduced
Morgan Stanley2,072,978$650.8M0.04%−28,127−1.3%Reduced
BlackRock, Inc.2,519,517$791.0M0.02%−184,505−6.8%Reduced
Vanguard Group Inc2,633,801$826.8M0.01%−26,657−1.0%Reduced
Praesidium Investment Management Company, LLC0$00.00%−101,472−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−41,333−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−30,134−100.0%Sold out
SW Investment Management LLC0$00.00%−20,000−100.0%Sold out
Canada Pension Plan Investment Board0$00.00%−19,400−100.0%Sold out
Capitolis Liquid Global Markets LLC0$00.00%−19,000−100.0%Sold out
MUFG Securities EMEA plc0$00.00%−18,000−100.0%Sold out
Baird Financial Group, Inc.0$00.00%−9,503−100.0%Sold out
George Kaiser Family Foundation0$00.00%−9,349−100.0%Sold out
Lecap Asset Management Ltd0$00.00%−5,782−100.0%Sold out
Ofi Invest Asset Management0$00.00%−5,053−100.0%Sold out
Atom Investors LP0$00.00%−3,960−100.0%Sold out
Polen Capital Management LLC0$00.00%−3,534−100.0%Sold out
Legacy Advisors, LLC0$00.00%−2,905−100.0%Sold out
Twinbeech Capital LP0$00.00%−2,381−100.0%Sold out
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main0$00.00%−2,377−100.0%Sold out
Bryce Point Capital, LLC0$00.00%−2,365−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−2,360−100.0%Sold out
Gateway Investment Advisers LLC0$00.00%−2,128−100.0%Sold out