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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
Allworth Financial LP155$48.7K0.00%+38+32.5%Added
Geneos Wealth Management Inc.151$47.4K0.00%−57−27.4%Reduced
WPG Advisers, LLC138$43.3K0.04%−105−43.2%Reduced
IFP Advisors, Inc137$43.0K0.00%+100+270.3%Added
Clearstead Advisors, LLC107$33.6K0.00%+22+25.9%Added
V-Square Quantitative Management LLC93$29.2K0.00%−52−35.9%Reduced
Osterweis Capital Management Inc92$28.9K0.00%+92New
Private Trust Co NA84$26.4K0.00%00.0%Unchanged
Bradley & Co. Private Wealth Management, LLC83$26.1K0.02%00.0%Unchanged
Bell Investment Advisors, Inc81$25.4K0.00%+2+2.5%Added
Optiver Holding B.V.78$24.5K0.00%−3−3.7%Reduced
GWM Advisors LLC78$24.3K0.00%+1+1.3%Added
Cedar Mountain Advisors, LLC77$24.1K0.01%00.0%Unchanged
Central Trust Co75$23.5K0.00%00.0%Unchanged
Skopos Labs, Inc.74$23.2K0.00%00.0%Unchanged
Capital Advisors, Ltd. LLC72$23.0K0.00%+2+2.9%Added
Hughes Financial Services, LLC87$22.6K0.00%+4+4.8%Added
Massmutual Trust Co FSB69$21.7K0.00%+59+590.0%Added
Smartleaf Asset Management LLC62$19.4K0.00%−16−20.5%Reduced
Centerpoint Advisors, LLC62$19.0K0.01%00.0%Unchanged
Larson Financial Group LLC52$16.3K0.00%−103−66.5%Reduced
Rise Advisors, LLC50$15.8K0.01%00.0%Unchanged
Financial Network Wealth Advisors LLC46$14.4K0.02%00.0%Unchanged
Binnacle Investments Inc38$11.9K0.01%00.0%Unchanged
Wolff Wiese Magana LLC37$11.6K0.01%−1−2.6%Reduced
Northwestern Mutual Wealth Management Co37$11.6K0.00%+16+76.2%Added
Ameritas Advisory Services, LLC35$11.0K0.00%+35New
Hemington Wealth Management37$11.0K0.00%+10+37.0%Added
Dogwood Wealth Management LLC36$10.9K0.01%+36New
MJT & Associates Financial Advisory Group, Inc.34$10.7K0.01%00.0%Unchanged
Creative Financial Designs Inc33$10.4K0.00%00.0%Unchanged
Harbour Investments, Inc.33$10.4K0.00%+27+450.0%Added
Caitong International Asset Management Co., Ltd32$10.0K0.01%−357−91.8%Reduced
Hantz Financial Services, Inc.33$10.0K0.00%+32+3,200.0%Added
Frazier Financial Advisors, LLC31$9.73K0.01%00.0%Unchanged
JFS Wealth Advisors, LLC25$7.85K0.00%00.0%Unchanged
Farmers & Merchants Investments Inc20$6.28K0.00%+2+11.1%Added
Whipplewood Advisors, LLC18$5.65K0.00%−5−21.7%Reduced
Atlantic Private Wealth, LLC16$5.02K0.00%00.0%Unchanged
Global Retirement Partners, LLC15$4.71K0.00%+15New
Nisa Investment Advisors, LLC15$4.71K0.00%−169−91.8%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.15$4.71K0.00%00.0%Unchanged
Huntington National Bank15$4.71K0.00%+3+25.0%Added
Asset Dedication, LLC13$4.08K0.00%00.0%Unchanged
TD Private Client Wealth LLC13$4.08K0.00%−1−7.1%Reduced
Tortoise Investment Management, LLC13$4.08K0.00%+4+44.4%Added
AdvisorNet Financial, Inc12$3.77K0.00%+4+50.0%Added
Quest 10 Wealth Builders, Inc.11$3.45K0.00%00.0%Unchanged
Fortitude Family Office, LLC10$3.14K0.00%+10New
Sachetta, LLC9$2.83K0.00%00.0%Unchanged
First Command Advisory Services, Inc.9$2.83K0.00%00.0%Unchanged
True Wealth Design, LLC8$2.51K0.00%+3+60.0%Added
Pineridge Advisors LLC7$2.20K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.7$2.20K0.00%00.0%Unchanged
Manchester Capital Management LLC6$1.88K0.00%00.0%Unchanged
Montag A & Associates Inc6$1.78K0.00%00.0%Unchanged
WealthCollab, LLC5$1.57K0.00%00.0%Unchanged
Transce3nd, LLC5$1.57K0.00%00.0%Unchanged
Whittier Trust Co of Nevada Inc5$1.57K0.00%00.0%Unchanged
Parkside Financial Bank & Trust4$1.26K0.00%+3+300.0%Added
Cromwell Holdings LLC4$1.26K0.00%+4New
SJS Investment Consulting Inc.3$9420.00%−2−40.0%Reduced
South State Corp.3$9420.00%00.0%Unchanged
Assetmark, Inc3$9420.00%+3New
Stephens Consulting, LLC3$9420.00%+3New
Bay Harbor Wealth Management, LLC3$9410.00%+2+200.0%Added
SBI Securities Co., Ltd.2$6280.00%00.0%Unchanged
Principia Wealth Advisory, LLC2$6280.00%00.0%Unchanged
Parkworth Wealth Management, Inc.2$6280.00%+1+100.0%Added
Addison Advisors LLC2$6280.00%+2New
Arlington Trust Co LLC2$6280.00%+2New
Rialto Wealth Management, LLC2$6280.00%+2New
HFM Investment Advisors, LLC2$6280.00%+2New
Bare Financial Services, Inc1$3140.00%00.0%Unchanged
Quaker Wealth Management, LLC1$3140.00%+1New
CBIZ Investment Advisory Services, LLC1$3140.00%+1New
American Capital Advisory, LLC1$3140.00%+1New
Twin Peaks Wealth Advisors, LLC1$2580.00%+1New
Activest Wealth Management0$1030.00%−5−100.0%Reduced
Harvest Fund Management Co., Ltd1$00.00%00.0%Unchanged
Avion Wealth2$00.00%+2New
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