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, Q3 2025
Institutional positions in Morningstar, Inc. as of Sep 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
- 452
- −22 vs. Q2 2025
- Shares held
- 24.9M
- −418.5K (−1.7%) vs. Q2 2025
- Total value
- $5.78B
- −$2.17B (−27.3%) vs. Q2 2025
- New holders
- 52
- 163 more added
- Sold out
- 74
- 178 more reduced
7 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 420 | $3.79B |
| Q1 2026 | 447 | $3.99B |
| Q4 2025 | 475 | $5.27B |
| Q3 2025 | 452 | $5.78B |
| Q2 2025 | 481 | $8.05B |
| Q1 2025 | 464 | $7.57B |
| Q4 2024 | 451 | $8.67B |
| Q3 2024 | 412 | $8.25B |
| Q2 2024 | 393 | $7.63B |
| Q1 2024 | 385 | $7.92B |
| Q4 2023 | 353 | $7.22B |
| Q3 2023 | 325 | $6.17B |
| Q2 2023 | 294 | $4.79B |
| Q1 2023 | 302 | $4.85B |
| Q4 2022 | 318 | $5.14B |
| Q3 2022 | 311 | $4.99B |
| Q2 2022 | 325 | $5.67B |
| Q1 2022 | 336 | $6.41B |
| Q4 2021 | 341 | $7.92B |
| Q3 2021 | 318 | $5.83B |
| Q2 2021 | 295 | $5.62B |
| Q1 2021 | 309 | $4.83B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Morningstar, Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 2,610,335 | $605.6M | 0.01% | −23,466−0.9% | Reduced |
| BlackRock, Inc. | 2,394,828 | $555.6M | 0.01% | −124,689−4.9% | Reduced |
| Select Equity Group, L.P. | 2,103,702 | $488.1M | 2.09% | +990,401+89.0% | Added |
| Morgan Stanley | 1,958,965 | $454.5M | 0.03% | −114,013−5.5% | Reduced |
| Bamco Inc | 1,414,305 | $328.1M | 0.87% | +118,979+9.2% | Added |
| Kayne Anderson Rudnick Investment Management LLC | 765,463 | $177.6M | 0.43% | −83,106−9.8% | Reduced |
| State Street Corp | 763,223 | $177.1M | 0.01% | −20,952−2.7% | Reduced |
| Geode Capital Management, LLC | 615,795 | $142.9M | 0.01% | −11,146−1.8% | Reduced |
| Wellington Management Group LLP | 612,826 | $142.2M | 0.02% | −168,015−21.5% | Reduced |
| AQR Capital Management LLC | 608,244 | $141.1M | 0.09% | +314,275+106.9% | Added |
| Renaissance Technologies LLC | 460,770 | $106.9M | 0.14% | +195,600+73.8% | Added |
| Massachusetts Financial Services Co | 451,242 | $104.7M | 0.03% | −188,890−29.5% | Reduced |
| Dimensional Fund Advisors LP | 420,127 | $97.5M | 0.02% | +88,496+26.7% | Added |
| Wasatch Advisors Inc | 371,883 | $86.3M | 0.46% | −272,916−42.3% | Reduced |
| Liontrust Investment Partners LLP | 371,158 | $86.1M | 1.26% | −20,658−5.3% | Reduced |
| JPMorgan Chase & Co | 318,478 | $73.9M | 0.00% | +82,154+34.8% | Added |
| Millennium Management LLC | 298,741 | $69.3M | 0.05% | −512,417−63.2% | Reduced |
| Invesco Ltd. | 296,302 | $68.7M | 0.01% | +15,379+5.5% | Added |
| Arrowstreet Capital, Limited Partnership | 290,621 | $67.4M | 0.04% | +97,009+50.1% | Added |
| Two Sigma Investments, LP | 286,175 | $66.4M | 0.10% | +125,507+78.1% | Added |
| Qube Research & Technologies Ltd | 200,441 | $46.5M | 0.07% | +61,509+44.3% | Added |
| DF Dent & Co Inc | 199,585 | $46.3M | 0.60% | +112,573+129.4% | Added |
| FMR LLC | 193,443 | $44.9M | 0.00% | −80,312−29.3% | Reduced |
| Northern Trust Corp | 191,981 | $44.5M | 0.01% | −16,400−7.9% | Reduced |
| Voloridge Investment Management, LLC | 187,128 | $43.4M | 0.15% | +146,693+362.8% | Added |
| Bank of New York Mellon Corp | 183,652 | $42.6M | 0.01% | −14,937−7.5% | Reduced |
| Charles Schwab Investment Management Inc | 181,439 | $42.1M | 0.01% | −12,102−6.3% | Reduced |
| Schroder Investment Management Group | 168,241 | $39.4M | 0.03% | +1,343+0.8% | Added |
| Two Sigma Advisers, LP | 160,800 | $37.3M | 0.07% | +18,600+13.1% | Added |
| Bank of America Corp | 159,584 | $37.0M | 0.00% | −752,469−82.5% | Reduced |
| UBS Group AG | 156,742 | $36.4M | 0.01% | +99,035+171.6% | Added |
| M&G Plc | 155,134 | $36.0M | 0.19% | −8,753−5.3% | Reduced |
| Royce & Associates LP | 139,376 | $32.3M | 0.32% | +10,159+7.9% | Added |
| Colony Group, LLC | 128,855 | $29.9M | 0.05% | +124,559+2,899.4% | Added |
| Jane Street Group, LLC | 124,599 | $28.9M | 0.03% | +90,198+262.2% | Added |
| Nuveen, LLC | 113,293 | $26.3M | 0.01% | +4,449+4.1% | Added |
| Envestnet Asset Management Inc | 110,885 | $25.7M | 0.01% | +6,746+6.5% | Added |
| American Capital Management Inc | 99,197 | $23.0M | 0.92% | +1,718+1.8% | Added |
| Goldman Sachs Group Inc | 98,456 | $22.8M | 0.00% | −279,027−73.9% | Reduced |
| HRT Financial LP | 98,274 | $22.8M | 0.08% | +66,501+209.3% | Added |
| Premier Fund Managers Ltd | 90,592 | $21.2M | 0.87% | −110,215−54.9% | Reduced |
| Principal Financial Group Inc | 91,155 | $21.1M | 0.01% | +22,109+32.0% | Added |
| Cubist Systematic Strategies, LLC | 90,762 | $21.1M | 0.30% | +49,203+118.4% | Added |
| Copeland Capital Management, LLC | 87,904 | $20.4M | 0.42% | −4,710−5.1% | Reduced |
| Nordea Investment Management AB | 88,108 | $20.4M | 0.02% | +27,927+46.4% | Added |
| Citadel Advisors LLC | 84,318 | $19.6M | 0.02% | +36,770+77.3% | Added |
| SEI Investments Co | 82,931 | $19.2M | 0.02% | −57,392−40.9% | Reduced |
| UBS Asset Management Americas Inc | 74,751 | $17.3M | 0.00% | −56,587−43.1% | Reduced |
| Wells Fargo & Company | 73,244 | $17.0M | 0.00% | −12,605−14.7% | Reduced |
| Chicago Capital, LLC | 70,042 | $16.3M | 0.40% | +13,627+24.2% | Added |
| Price T Rowe Associates Inc | 67,501 | $15.7M | 0.00% | +22,448+49.8% | Added |
| Incline Global Management LLC | 66,981 | $15.5M | 4.61% | +66,981 | New |
| Captrust Financial Advisors | 66,612 | $15.5M | 0.03% | −9,035−11.9% | Reduced |
| Congress Asset Management Co | 66,117 | $15.3M | 0.10% | +5,706+9.4% | Added |
| Lazard Asset Management LLC | 65,817 | $15.3M | 0.02% | +16,865+34.5% | Added |
| Rhumbline Advisers | 65,254 | $15.1M | 0.01% | −6,330−8.8% | Reduced |
| Confluence Investment Management LLC | 60,239 | $14.0M | 0.20% | −741−1.2% | Reduced |
| Panagora Asset Management Inc | 58,087 | $13.5M | 0.05% | −574−1.0% | Reduced |
| Canada Pension Plan Investment Board | 57,600 | $13.4M | 0.01% | +57,600 | New |
| Engineers Gate Manager LP | 57,519 | $13.3M | 0.15% | +30,405+112.1% | Added |
| Nicholas Company, Inc. | 56,575 | $13.1M | 0.22% | +100.0% | Added |
| Meeder Asset Management Inc | 55,796 | $12.9M | 0.74% | +14,812+36.1% | Added |
| Quantinno Capital Management LP | 54,569 | $12.7M | 0.03% | +23,423+75.2% | Added |
| Barlow Wealth Partners, Inc. | 57,475 | $12.6M | 1.41% | +8,403+17.1% | Added |
| Swiss National Bank | 53,300 | $12.4M | 0.01% | +200+0.4% | Added |
| Point72 Asset Management, L.P. | 50,921 | $11.8M | 0.03% | −72,279−58.7% | Reduced |
| Algert Global LLC | 50,039 | $11.6M | 0.19% | +5,896+13.4% | Added |
| Prudential Financial Inc | 48,100 | $11.2M | 0.01% | +26,274+120.4% | Added |
| Squarepoint Ops LLC | 47,235 | $11.0M | 0.02% | +29,092+160.3% | Added |
| Legal & General Group Plc | 46,689 | $10.8M | 0.00% | −2,812−5.7% | Reduced |
| Ci Investments Inc. | 45,528 | $10.6M | 0.04% | +1,650+3.8% | Added |
| Janus Henderson Group PLC | 44,529 | $10.3M | 0.00% | +6,547+17.2% | Added |
| Susquehanna International Group, LLP | 43,677 | $10.1M | 0.01% | +36,143+479.7% | Added |
| Parnassus Investments | 42,488 | $9.86M | 0.02% | −467−1.1% | Reduced |
| Barclays PLC | 41,054 | $9.52M | 0.00% | +23,698+136.5% | Added |
| Sone Capital Management, LLC | 39,226 | $9.10M | 0.76% | +24,667+169.4% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 36,198 | $8.40M | 0.02% | −6,222−14.7% | Reduced |
| California Public Employees Retirement System | 34,561 | $8.02M | 0.00% | −10,559−23.4% | Reduced |
| Royal Bank of Canada | 34,467 | $8.00M | 0.00% | −69,449−66.8% | Reduced |
| Holocene Advisors, LP | 34,241 | $7.94M | 0.02% | +5,030+17.2% | Added |
| Jump Financial, LLC | 33,268 | $7.72M | 0.10% | +13,002+64.2% | Added |
| Alliancebernstein L.P. | 31,891 | $7.40M | 0.00% | −275−0.9% | Reduced |
| Cooper Investors Pty Ltd | 30,985 | $7.19M | 1.96% | 00.0% | Unchanged |
| Capital Fund Management S.A. | 30,711 | $7.13M | 0.07% | +15,654+104.0% | Added |
| Retirement Systems of Alabama | 29,577 | $6.86M | 0.02% | −2,955−9.1% | Reduced |
| Segall Bryant & Hamill, LLC | 29,570 | $6.86M | 0.09% | −11,222−27.5% | Reduced |
| D. E. Shaw & Co., Inc. | 29,379 | $6.82M | 0.01% | +6,464+28.2% | Added |
| Magnetar Financial LLC | 28,188 | $6.54M | 0.04% | −35−0.1% | Reduced |
| HSBC Holdings PLC | 27,694 | $6.41M | 0.00% | +21,554+351.0% | Added |
| Teacher Retirement System of Texas | 27,329 | $6.34M | 0.03% | +2,593+10.5% | Added |
| Touchstone Capital, Inc. | 26,228 | $6.09M | 3.12% | +26,228 | New |
| Sea Cliff Partners Management, LP | 26,000 | $6.03M | 2.31% | +2,000+8.3% | Added |
| California State Teachers Retirement System | 25,484 | $5.91M | 0.01% | +10.0% | Added |
| Citigroup Inc | 25,437 | $5.90M | 0.00% | +6,972+37.8% | Added |
| United Capital Financial Advisers, LLC | 25,361 | $5.88M | 0.04% | +453+1.8% | Added |
| Dark Forest Capital Management LP | 25,257 | $5.86M | 0.22% | +25,257 | New |
| Schonfeld Strategic Advisors LLC | 24,245 | $5.63M | 0.04% | +12,915+114.0% | Added |
| Gotham Asset Management, LLC | 24,186 | $5.61M | 0.02% | +14,796+157.6% | Added |
| State Board of Administration of Florida Retirement System | 23,540 | $5.46M | 0.01% | −1,473−5.9% | Reduced |
| Kornitzer Capital Management Inc | 23,276 | $5.40M | 0.11% | −1,565−6.3% | Reduced |