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 |
|---|---|---|---|---|---|
| Cloud Capital Management, LLC | 4 | $0 | 0.00% | +4 | New |
| Activest Wealth Management | 0 | $76 | 0.00% | 0 | Unchanged |
| South State Corp. | 1 | $233 | 0.00% | −2−66.7% | Reduced |
| Seneschal Advisors, LLC | 1 | $233 | 0.00% | +1 | New |
| Bay Harbor Wealth Management, LLC | 2 | $464 | 0.00% | −1−33.3% | Reduced |
| SBI Securities Co., Ltd. | 2 | $464 | 0.00% | 00.0% | Unchanged |
| SJS Investment Consulting Inc. | 2 | $465 | 0.00% | −1−33.3% | Reduced |
| Addison Advisors LLC | 2 | $465 | 0.00% | 00.0% | Unchanged |
| Rialto Wealth Management, LLC | 2 | $465 | 0.00% | 00.0% | Unchanged |
| ZRC Wealth Management, LLC | 2 | $465 | 0.00% | +2 | New |
| Bare Financial Services, Inc | 3 | $696 | 0.00% | +2+200.0% | Added |
| Quest 10 Wealth Builders, Inc. | 4 | $928 | 0.00% | −7−63.6% | Reduced |
| Cromwell Holdings LLC | 4 | $929 | 0.00% | 00.0% | Unchanged |
| UMA Financial Services, Inc. | 4 | $929 | 0.00% | +4 | New |
| Avion Wealth | 6 | $1.00K | 0.00% | +4+200.0% | Added |
| Montag A & Associates Inc | 5 | $1.06K | 0.00% | −1−16.7% | Reduced |
| Whittier Trust Co of Nevada Inc | 5 | $1.13K | 0.00% | 00.0% | Unchanged |
| Tortoise Investment Management, LLC | 5 | $1.16K | 0.00% | −8−61.5% | Reduced |
| WealthCollab, LLC | 5 | $1.16K | 0.00% | 00.0% | Unchanged |
| Manchester Capital Management LLC | 6 | $1.39K | 0.00% | 00.0% | Unchanged |
| DiNuzzo Private Wealth, Inc. | 7 | $1.84K | 0.00% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 8 | $1.86K | 0.00% | −4−33.3% | Reduced |
| Sachetta, LLC | 9 | $2.09K | 0.00% | 00.0% | Unchanged |
| Fortitude Family Office, LLC | 10 | $2.32K | 0.00% | 00.0% | Unchanged |
| Dogwood Wealth Management LLC | 11 | $2.55K | 0.00% | −25−69.4% | Reduced |
| Harbour Investments, Inc. | 12 | $2.78K | 0.00% | −21−63.6% | Reduced |
| Cornerstone Planning Group LLC | 13 | $2.79K | 0.00% | +13 | New |
| Global Retirement Partners, LLC | 13 | $3.02K | 0.00% | −2−13.3% | Reduced |
| TD Private Client Wealth LLC | 13 | $3.02K | 0.00% | 00.0% | Unchanged |
| Asset Dedication, LLC | 13 | $3.02K | 0.00% | 00.0% | Unchanged |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 15 | $3.48K | 0.00% | 00.0% | Unchanged |
| Atlantic Private Wealth, LLC | 16 | $3.71K | 0.00% | 00.0% | Unchanged |
| CBIZ Investment Advisory Services, LLC | 16 | $3.71K | 0.00% | +15+1,500.0% | Added |
| Hemington Wealth Management | 18 | $4.00K | 0.00% | −19−51.4% | Reduced |
| Huntington National Bank | 20 | $4.64K | 0.00% | +5+33.3% | Added |
| T. Rowe Price Investment Management, Inc. | 19 | $5.00K | 0.00% | +19 | New |
| Farmers & Merchants Investments Inc | 22 | $5.10K | 0.00% | +2+10.0% | Added |
| Kerr Financial Planning Corp | 25 | $5.17K | 0.01% | +25 | New |
| JFS Wealth Advisors, LLC | 24 | $5.57K | 0.00% | −1−4.0% | Reduced |
| Wealthspire Advisors, LLC | 27 | $6.26K | 0.00% | +27 | New |
| Frazier Financial Advisors, LLC | 31 | $7.19K | 0.00% | 00.0% | Unchanged |
| Creative Financial Designs Inc | 33 | $7.66K | 0.00% | 00.0% | Unchanged |
| Ameritas Advisory Services, LLC | 35 | $8.16K | 0.00% | 00.0% | Unchanged |
| Wolff Wiese Magana LLC | 37 | $8.59K | 0.00% | 00.0% | Unchanged |
| Binnacle Investments Inc | 38 | $8.82K | 0.01% | 00.0% | Unchanged |
| Assetmark, Inc | 43 | $9.98K | 0.00% | +40+1,333.3% | Added |
| Optiver Holding B.V. | 46 | $10.7K | 0.00% | −32−41.0% | Reduced |
| Financial Network Wealth Advisors LLC | 46 | $10.7K | 0.01% | 00.0% | Unchanged |
| Rise Advisors, LLC | 51 | $11.7K | 0.00% | +1+2.0% | Added |
| Root Financial Partners, LLC | 53 | $12.3K | 0.00% | +53 | New |
| Larson Financial Group LLC | 53 | $12.3K | 0.00% | +1+1.9% | Added |
| Simplex Trading, LLC | 60 | $13.0K | 0.00% | +60 | New |
| Parkside Financial Bank & Trust | 57 | $13.2K | 0.00% | +53+1,325.0% | Added |
| Transamerica Financial Advisors, Inc. | 61 | $13.9K | 0.00% | +61 | New |
| Centerpoint Advisors, LLC | 61 | $14.0K | 0.00% | −1−1.6% | Reduced |
| Nisa Investment Advisors, LLC | 67 | $15.5K | 0.00% | +52+346.7% | Added |
| Capital Advisors, Ltd. LLC | 70 | $16.0K | 0.00% | −2−2.8% | Reduced |
| Massmutual Trust Co FSB | 73 | $16.9K | 0.00% | +4+5.8% | Added |
| Central Trust Co | 75 | $17.4K | 0.00% | 00.0% | Unchanged |
| Cedar Mountain Advisors, LLC | 77 | $17.8K | 0.00% | 00.0% | Unchanged |
| Hughes Financial Services, LLC | 83 | $17.9K | 0.00% | −4−4.6% | Reduced |
| Tobam | 78 | $18.0K | 0.01% | +78 | New |
| GWM Advisors LLC | 78 | $18.0K | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 78 | $18.1K | 0.01% | +70+875.0% | Added |
| Bell Investment Advisors, Inc | 79 | $18.3K | 0.00% | −2−2.5% | Reduced |
| Osterweis Capital Management Inc | 80 | $18.6K | 0.00% | −12−13.0% | Reduced |
| Bradley & Co. Private Wealth Management, LLC | 83 | $19.3K | 0.01% | 00.0% | Unchanged |
| Private Trust Co NA | 84 | $19.5K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 84 | $19.7K | 0.00% | +22+35.5% | Added |
| Hantz Financial Services, Inc. | 87 | $20.0K | 0.00% | +54+163.6% | Added |
| Northwestern Mutual Wealth Management Co | 89 | $20.6K | 0.00% | +52+140.5% | Added |
| Amica Retiree Medical Trust | 91 | $21.0K | 0.03% | +91 | New |
| Jones Financial Companies LLLP | 93 | $21.8K | 0.00% | +93 | New |
| Measured Wealth Private Client Group, LLC | 112 | $26.0K | 0.01% | +112 | New |
| Quarry LP | 125 | $29.0K | 0.01% | −70−35.9% | Reduced |
| WPG Advisers, LLC | 136 | $31.6K | 0.02% | −2−1.4% | Reduced |
| Longview Financial Advisors LLC | 155 | $36.0K | 0.02% | 00.0% | Unchanged |
| Quent Capital, LLC | 162 | $37.6K | 0.00% | +162 | New |
| Clearstead Advisors, LLC | 165 | $38.3K | 0.00% | +58+54.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 168 | $39.3K | 0.00% | −26−13.4% | Reduced |
| American National Bank | 170 | $39.4K | 0.00% | −10−5.6% | Reduced |
| National Bank of Canada | 171 | $39.7K | 0.00% | −43,707−99.6% | Reduced |
| MAI Capital Management | 183 | $42.5K | 0.00% | −43−19.0% | Reduced |
| Employees Retirement System of Texas | 184 | $43.0K | 0.00% | 00.0% | Unchanged |
| Atlantic Union Bankshares Corp | 200 | $46.4K | 0.00% | +200 | New |
| State of Wyoming | 204 | $47.3K | 0.01% | +204 | New |
| Versant Capital Management, Inc | 209 | $48.5K | 0.01% | −610−74.5% | Reduced |
| CVA Family Office, LLC | 228 | $52.9K | 0.01% | −2−0.9% | Reduced |
| Ronald Blue Trust, Inc. | 247 | $57.3K | 0.00% | +19+8.3% | Added |
| IFP Advisors, Inc | 253 | $58.7K | 0.00% | +116+84.7% | Added |
| GAMMA Investing LLC | 256 | $59.4K | 0.00% | −177−40.9% | Reduced |
| Shell Asset Management Co | 263 | $61.0K | 0.01% | −402−60.5% | Reduced |
| Allworth Financial LP | 268 | $62.2K | 0.00% | +113+72.9% | Added |
| Brown Brothers Harriman & Co | 287 | $66.6K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 311 | $72.2K | 0.00% | −99−24.1% | Reduced |
| Bokf, NA | 325 | $75.4K | 0.00% | 00.0% | Unchanged |
| Whittier Trust Co | 355 | $80.3K | 0.00% | 00.0% | Unchanged |
| Rockefeller Capital Management L.P. | 353 | $81.9K | 0.00% | +353 | New |
| Harbor Investment Advisory, LLC | 367 | $85.1K | 0.01% | +84+29.7% | Added |
| Fifth Third Bancorp | 384 | $89.1K | 0.00% | +43+12.6% | Added |