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 |
|---|---|---|---|---|---|
| Caitong International Asset Management Co., Ltd | 386 | $89.6K | 0.06% | +354+1,106.3% | Added |
| Steward Partners Investment Advisory, LLC | 389 | $90.3K | 0.00% | +190+95.5% | Added |
| North Star Investment Management Corp. | 392 | $90.9K | 0.01% | −125−24.2% | Reduced |
| Farther Finance Advisors, LLC | 417 | $96.8K | 0.00% | +21+5.3% | Added |
| EverSource Wealth Advisors, LLC | 435 | $100.9K | 0.00% | −126−22.5% | Reduced |
| Sterling Capital Management LLC | 484 | $112.3K | 0.00% | −43−8.2% | Reduced |
| Covestor Ltd | 502 | $117.0K | 0.06% | −58−10.4% | Reduced |
| Essential Partners LLC | 527 | $122.3K | 0.04% | +59+12.6% | Added |
| Umb Bank N A | 534 | $123.9K | 0.00% | −138−20.5% | Reduced |
| STRS Ohio | 554 | $128.5K | 0.00% | −8−1.4% | Reduced |
| Annis Gardner Whiting Capital Advisors, LLC | 564 | $130.9K | 0.03% | +564 | New |
| HM Payson & Co | 600 | $139.2K | 0.00% | 00.0% | Unchanged |
| KBC Group NV | 659 | $153.0K | 0.00% | 00.0% | Unchanged |
| Scientech Research LLC | 868 | $201.4K | 0.07% | −675−43.7% | Reduced |
| Personal Cfo Solutions, LLC | 900 | $208.7K | 0.04% | +900 | New |
| Catalyst Funds Management Pty Ltd | 900 | $208.8K | 0.03% | +900 | New |
| Hennion & Walsh Asset Management, Inc. | 903 | $209.5K | 0.01% | −21−2.3% | Reduced |
| Polymer Capital Management (HK) LTD | 906 | $210.2K | 0.03% | +906 | New |
| Mechanics Bank Trust Department | 925 | $214.6K | 0.03% | −24−2.5% | Reduced |
| Angeles Wealth Management, LLC | 927 | $215.1K | 0.01% | +1+0.1% | Added |
| Amica Mutual Insurance Co | 930 | $216.0K | 0.02% | +930 | New |
| Shelton Capital Management | 970 | $225.1K | 0.00% | 00.0% | Unchanged |
| Callan Family Office, LLC | 996 | $231.1K | 0.01% | −2,009−66.9% | Reduced |
| Ethic Inc. | 1,019 | $236.4K | 0.00% | −1,719−62.8% | Reduced |
| Syon Capital LLC | 1,027 | $238.3K | 0.01% | −313−23.4% | Reduced |
| The PNC Financial Services Group, Inc. | 1,029 | $238.7K | 0.00% | −84−7.5% | Reduced |
| ProShare Advisors LLC | 1,040 | $241.3K | 0.00% | −140−11.9% | Reduced |
| Chicago Partners Investment Group LLC | 1,111 | $242.3K | 0.01% | +326+41.5% | Added |
| Principal Securities, Inc. | 1,049 | $243.4K | 0.00% | +156+17.5% | Added |
| Parallel Advisors, LLC | 1,050 | $243.6K | 0.00% | −277−20.9% | Reduced |
| Sequoia Financial Advisors, LLC | 1,061 | $246.2K | 0.00% | +261+32.6% | Added |
| denkapparat Operations GmbH | 1,106 | $256.6K | 0.16% | 00.0% | Unchanged |
| Rothschild Investment LLC | 1,107 | $256.8K | 0.01% | +1,107 | New |
| Cadent Capital Advisors, LLC | 1,110 | $257.5K | 0.07% | −379−25.5% | Reduced |
| QRG Capital Management, Inc. | 1,127 | $261.5K | 0.00% | −54−4.6% | Reduced |
| Two Sigma Securities, LLC | 1,150 | $266.8K | 0.04% | −3,291−74.1% | Reduced |
| Capital Investment Counsel, Inc | 1,150 | $266.8K | 0.03% | 00.0% | Unchanged |
| FORA Capital, LLC | 1,177 | $273.1K | 0.05% | −87−6.9% | Reduced |
| Buckingham Strategic Partners | 1,251 | $279.2K | 0.00% | +1,251 | New |
| Kestra Advisory Services, LLC | 1,206 | $279.8K | 0.00% | +465+62.8% | Added |
| Wallace Advisory Group, LLC | 898 | $281.9K | 0.23% | −238−21.0% | Reduced |
| Utah Retirement Systems | 1,243 | $288.4K | 0.00% | −2,985−70.6% | Reduced |
| Maryland State Retirement & Pension System | 1,247 | $289.3K | 0.01% | 00.0% | Unchanged |
| Swiss Life Asset Management Ltd | 1,264 | $293.3K | 0.00% | +546+76.0% | Added |
| Institute for Wealth Management, LLC. | 1,267 | $294.0K | 0.03% | +96+8.2% | Added |
| Evergreen Capital Management LLC | 1,268 | $294.2K | 0.01% | +1,268 | New |
| Verdence Capital Advisors LLC | 1,369 | $298.9K | 0.02% | +1,369 | New |
| CIBC Asset Management Inc | 1,355 | $314.4K | 0.00% | 00.0% | Unchanged |
| Welch & Forbes LLC | 1,374 | $318.8K | 0.00% | 00.0% | Unchanged |
| Great Valley Advisor Group, Inc. | 1,392 | $323.0K | 0.01% | −39−2.7% | Reduced |
| Entropy Technologies, LP | 1,435 | $332.9K | 0.02% | −3,220−69.2% | Reduced |
| Aster Capital Management (DIFC) Ltd | 1,441 | $334.3K | 0.17% | +318+28.3% | Added |
| Smith Group Asset Management, LLC | 1,450 | $336.4K | 0.02% | 00.0% | Unchanged |
| Connable Office Inc | 1,470 | $341.1K | 0.03% | 00.0% | Unchanged |
| TownSquare Capital, LLC | 1,474 | $342.0K | 0.05% | −1,774−54.6% | Reduced |
| Dempze Nancy E | 1,494 | $346.6K | 0.19% | 00.0% | Unchanged |
| Diversify Advisory Services, LLC | 1,641 | $350.0K | 0.01% | +74+4.7% | Added |
| Naviter Wealth, LLC | 1,540 | $357.3K | 0.04% | 00.0% | Unchanged |
| Occudo Quantitative Strategies LP | 1,543 | $358.0K | 0.04% | +1,543 | New |
| Franklin Resources Inc | 1,581 | $366.8K | 0.00% | +40+2.6% | Added |
| Andina Capital Management, LLC | 1,600 | $371.2K | 0.21% | +207+14.9% | Added |
| Gsa Capital Partners LLP | 1,629 | $378.0K | 0.03% | +924+131.1% | Added |
| Brighton Jones LLC | 1,680 | $389.8K | 0.01% | +492+41.4% | Added |
| Federation des caisses Desjardins du Quebec | 1,690 | $392.1K | 0.00% | +1,690 | New |
| DRW Securities, LLC | 1,709 | $396.6K | 0.02% | −82−4.6% | Reduced |
| Janney Montgomery Scott LLC | 1,710 | $397.0K | 0.00% | −818−32.4% | Reduced |
| Harbor Capital Advisors, Inc. | 1,729 | $401.0K | 0.03% | −4,210−70.9% | Reduced |
| Sanctuary Advisors, LLC | 1,744 | $404.6K | 0.00% | +123+7.6% | Added |
| 111 Capital | 1,782 | $413.4K | 0.08% | −658−27.0% | Reduced |
| Procyon Private Wealth Partners, LLC | 1,792 | $415.8K | 0.02% | 00.0% | Unchanged |
| Spectrum Asset Management, Inc. (NB/CA) | 1,815 | $421.2K | 0.15% | +3+0.2% | Added |
| Securian Asset Management, Inc | 1,832 | $425.0K | 0.01% | −248−11.9% | Reduced |
| J.W. Cole Advisors, Inc. | 1,890 | $438.4K | 0.01% | −220−10.4% | Reduced |
| Ballentine Partners, LLC | 1,932 | $448.2K | 0.01% | +66+3.5% | Added |
| Tower Research Capital LLC (TRC) | 1,960 | $454.7K | 0.01% | +104+5.6% | Added |
| Virtu Financial LLC | 1,979 | $459.0K | 0.03% | −2,726−57.9% | Reduced |
| Index Fund Advisors, Inc. | 2,061 | $478.2K | 0.02% | −1,852−47.3% | Reduced |
| Krilogy Financial LLC | 2,310 | $491.0K | 0.02% | +2,310 | New |
| O'Shaughnessy Asset Management, LLC | 2,152 | $499.3K | 0.00% | −1,372−38.9% | Reduced |
| Federated Hermes, Inc. | 2,185 | $506.9K | 0.00% | +137+6.7% | Added |
| Point72 (DIFC) Ltd | 2,211 | $513.0K | 0.04% | +274+14.1% | Added |
| ISAM Funds (UK) Ltd | 2,358 | $547.1K | 0.11% | +1,497+173.9% | Added |
| EntryPoint Capital, LLC | 2,387 | $553.8K | 0.21% | +2,387 | New |
| Planning Alternatives Ltd | 2,392 | $555.0K | 0.07% | 00.0% | Unchanged |
| Virginia Retirement Systems Et Al | 2,400 | $556.8K | 0.00% | +2,400 | New |
| Toroso Investments, LLC | 2,462 | $571.2K | 0.00% | +1,407+133.4% | Added |
| Deutsche Bank AG | 2,494 | $578.6K | 0.00% | +283+12.8% | Added |
| Aigen Investment Management, LP | 2,496 | $579.1K | 0.09% | −518−17.2% | Reduced |
| Jefferies Financial Group Inc. | 2,507 | $581.6K | 0.01% | +2,507 | New |
| Danske Bank A/S | 2,573 | $597.0K | 0.00% | −2,312−47.3% | Reduced |
| Simon Quick Advisors, LLC | 2,579 | $598.5K | 0.03% | +67+2.7% | Added |
| Public Employees Retirement Association of Colorado | 2,604 | $604.0K | 0.00% | −183−6.6% | Reduced |
| Advisory Services Network, LLC | 2,647 | $614.1K | 0.01% | +22+0.8% | Added |
| Blair William & Co | 2,685 | $622.9K | 0.00% | −211−7.3% | Reduced |
| Park Avenue Securities LLC | 2,695 | $625.0K | 0.00% | +974+56.6% | Added |
| XTX Topco Ltd | 2,720 | $631.1K | 0.03% | −770−22.1% | Reduced |
| Atria Investments LLC | 2,736 | $634.8K | 0.01% | −207−7.0% | Reduced |
| HB Wealth Management, LLC | 2,861 | $663.8K | 0.00% | +191+7.2% | Added |
| Benjamin Edwards Inc | 2,871 | $666.3K | 0.01% | +674+30.7% | Added |
| Bradley Foster & Sargent Inc | 3,021 | $700.9K | 0.01% | 00.0% | Unchanged |