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 |
|---|---|---|---|---|---|
| Machina Capital S.A.S. | 3,056 | $709.0K | 0.12% | +3,056 | New |
| Merit Financial Group, LLC | 3,081 | $714.8K | 0.01% | +1,731+128.2% | Added |
| Davy Global Fund Management Ltd | 3,106 | $720.6K | 0.05% | 00.0% | Unchanged |
| Freestone Grove Partners LP | 3,140 | $728.5K | 0.01% | −1,007−24.3% | Reduced |
| Gibbs Wealth Management | 3,162 | $733.7K | 0.17% | −862−21.4% | Reduced |
| Wiley Bros.-Aintree Capital, LLC | 3,172 | $735.2K | 0.00% | +63+2.0% | Added |
| SG Americas Securities, LLC | 3,222 | $748.0K | 0.00% | +1,794+125.6% | Added |
| Fox Run Management, L.L.C. | 3,341 | $775.1K | 0.12% | −1,789−34.9% | Reduced |
| Quest Partners LLC | 3,350 | $777.2K | 0.05% | −2,722−44.8% | Reduced |
| Numerai GP LLC | 3,447 | $799.7K | 0.11% | +3,447 | New |
| Mackenzie Financial Corp | 3,502 | $812.5K | 0.00% | +130+3.9% | Added |
| Quadrant Capital Group LLC | 3,521 | $816.9K | 0.03% | +1,803+104.9% | Added |
| R Squared Ltd | 3,565 | $827.1K | 0.36% | −8−0.2% | Reduced |
| Farringdon Capital, Ltd. | 3,601 | $835.5K | 0.21% | +3,601 | New |
| Polymer Capital Management (US) LLC | 3,639 | $844.3K | 0.11% | +3,639 | New |
| Ensign Peak Advisors, Inc | 3,645 | $845.7K | 0.00% | −5,750−61.2% | Reduced |
| Pictet Asset Management Holding SA | 3,646 | $845.9K | 0.00% | −403−10.0% | Reduced |
| Summit Wealth Group LLC | 3,683 | $862.8K | 0.12% | +3,683 | New |
| Portside Wealth Group, LLC | 3,739 | $867.5K | 0.12% | −1,151−23.5% | Reduced |
| Accretive Wealth Partners, LLC | 3,750 | $870.0K | 0.27% | −76−2.0% | Reduced |
| Diversify Wealth Management, LLC | 4,086 | $871.5K | 0.05% | +16+0.4% | Added |
| JustInvest LLC | 3,779 | $876.8K | 0.01% | −897−19.2% | Reduced |
| Aurora Investment Counsel | 3,810 | $884.0K | 0.46% | +720+23.3% | Added |
| Bessemer Group Inc | 3,822 | $887.0K | 0.00% | +317+9.0% | Added |
| Atom Investors LP | 3,863 | $896.3K | 0.07% | +3,863 | New |
| Summit Trail Advisors, LLC | 3,971 | $921.3K | 0.01% | +3,971 | New |
| Mercer Global Advisors Inc | 3,977 | $922.6K | 0.00% | +1,739+77.7% | Added |
| Sepio Capital, LP | 4,007 | $929.7K | 0.05% | −10.0% | Reduced |
| Trexquant Investment LP | 4,039 | $937.1K | 0.01% | +2,952+271.6% | Added |
| CIBC Private Wealth Group, LLC | 4,117 | $955.2K | 0.00% | −1,660−28.7% | Reduced |
| Martin Capital Advisors, LLP | 4,202 | $974.9K | 0.59% | 00.0% | Unchanged |
| Xponance, Inc. | 4,228 | $980.9K | 0.01% | −138−3.2% | Reduced |
| Keeler Thomas Management LLC | 4,363 | $1.01M | 0.41% | +78+1.8% | Added |
| Norden Group LLC | 4,376 | $1.02M | 0.10% | −1,947−30.8% | Reduced |
| Johnson Investment Counsel Inc | 4,398 | $1.02M | 0.01% | −135−3.0% | Reduced |
| Banco Bilbao Vizcaya Argentaria, S.A. | 4,425 | $1.03M | 0.01% | +1,582+55.6% | Added |
| Alliance Wealth Advisors, LLC | 4,468 | $1.04M | 0.24% | −233−5.0% | Reduced |
| Empowered Funds, LLC | 4,557 | $1.06M | 0.01% | +546+13.6% | Added |
| Ameritas Investment Partners, Inc. | 4,586 | $1.06M | 0.03% | −582−11.3% | Reduced |
| Bank of Nova Scotia | 4,600 | $1.07M | 0.00% | −27,400−85.6% | Reduced |
| Susquehanna Portfolio Strategies, LLC | 4,621 | $1.07M | 0.02% | −24,449−84.1% | Reduced |
| Pacer Advisors, Inc. | 4,630 | $1.07M | 0.00% | +3,410+279.5% | Added |
| B. Metzler seel. Sohn & Co. AG | 4,730 | $1.10M | 0.01% | −3,358−41.5% | Reduced |
| CenterBook Partners LP | 4,732 | $1.10M | 0.05% | +4,732 | New |
| Grandeur Peak Global Advisors, LLC | 4,766 | $1.11M | 0.15% | −220−4.4% | Reduced |
| Bradyco, Inc. | 4,864 | $1.13M | 1.28% | 00.0% | Unchanged |
| Oregon Public Employees Retirement Fund | 4,927 | $1.14M | 0.01% | −561−10.2% | Reduced |
| Linden Thomas Advisory Services, LLC | 5,098 | $1.18M | 0.12% | −58−1.1% | Reduced |
| New Mexico Educational Retirement Board | 5,200 | $1.21M | 0.04% | 00.0% | Unchanged |
| Wealth Enhancement Advisory Services, LLC | 5,441 | $1.23M | 0.00% | +2,016+58.9% | Added |
| Truist Financial Corp | 5,346 | $1.24M | 0.00% | +1,121+26.5% | Added |
| Northwestern Mutual Investment Management Company, LLC | 5,453 | $1.27M | 0.02% | −490−8.2% | Reduced |
| Quantbot Technologies LP | 5,629 | $1.31M | 0.04% | +3,871+220.2% | Added |
| Level Four Advisory Services, LLC | 5,638 | $1.31M | 0.04% | +1,840+48.4% | Added |
| New Age Alpha Advisors, LLC | 5,658 | $1.31M | 0.06% | −164−2.8% | Reduced |
| KLP Kapitalforvaltning AS | 5,700 | $1.32M | 0.01% | −100−1.7% | Reduced |
| State of Michigan Retirement System | 5,800 | $1.35M | 0.01% | −600−9.4% | Reduced |
| New York State Teachers Retirement System | 5,900 | $1.37M | 0.00% | −100−1.7% | Reduced |
| Oddo BHF Asset Management SAS | 5,920 | $1.37M | 0.05% | −212−3.5% | Reduced |
| Cetera Investment Advisers | 6,076 | $1.41M | 0.00% | +3,878+176.4% | Added |
| SRS Capital Advisors, Inc. | 6,240 | $1.45M | 0.02% | +6,067+3,506.9% | Added |
| Point72 Asia (Singapore) Pte. Ltd. | 6,248 | $1.45M | 0.22% | +3,503+127.6% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 6,278 | $1.46M | 0.01% | −561−8.2% | Reduced |
| Handelsbanken Fonder AB | 6,372 | $1.48M | 0.00% | 00.0% | Unchanged |
| Ashford Capital Management Inc | 6,648 | $1.54M | 0.17% | +589+9.7% | Added |
| Ieq Capital, LLC | 6,669 | $1.55M | 0.00% | +1,811+37.3% | Added |
| Mariner, LLC | 6,757 | $1.57M | 0.00% | +2,719+67.3% | Added |
| Louisiana State Employees Retirement System | 6,800 | $1.58M | 0.03% | −700−9.3% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 6,863 | $1.59M | 0.00% | −1,989−22.5% | Reduced |
| Empire Life Investments Inc. | 7,043 | $1.63M | 0.10% | +109+1.6% | Added |
| Cerity Partners LLC | 7,154 | $1.66M | 0.00% | +2,884+67.5% | Added |
| M&T Bank Corp | 7,164 | $1.66M | 0.01% | −1,281−15.2% | Reduced |
| Comerica Bank | 7,170 | $1.66M | 0.01% | −1,175−14.1% | Reduced |
| Public Employees Retirement System of Ohio | 7,378 | $1.71M | 0.01% | −48−0.6% | Reduced |
| Intech Investment Management LLC | 7,383 | $1.71M | 0.02% | +7,383 | New |
| Bright Rock Capital Management, LLC | 7,500 | $1.74M | 0.34% | 00.0% | Unchanged |
| Redmond Asset Management, LLC | 7,528 | $1.75M | 0.43% | 00.0% | Unchanged |
| State of Wisconsin Investment Board | 7,573 | $1.76M | 0.00% | −16−0.2% | Reduced |
| Loomis Sayles & Co L P | 7,631 | $1.77M | 0.00% | 00.0% | Unchanged |
| Yousif Capital Management, LLC | 7,651 | $1.78M | 0.02% | −1,310−14.6% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 7,674 | $1.78M | 0.00% | −538−6.6% | Reduced |
| Teachers Retirement System of the State of Kentucky | 7,770 | $1.80M | 0.01% | 00.0% | Unchanged |
| US Bancorp | 7,782 | $1.81M | 0.00% | −190−2.4% | Reduced |
| OP Asset Management Ltd | 7,828 | $1.82M | 0.02% | −1,817−18.8% | Reduced |
| Creative Planning | 7,926 | $1.84M | 0.00% | +3,420+75.9% | Added |
| Pathstone Holdings, LLC | 8,095 | $1.88M | 0.01% | −449−5.3% | Reduced |
| Arizona State Retirement System | 8,116 | $1.88M | 0.01% | +35+0.4% | Added |
| MML Investors Services, LLC | 8,204 | $1.90M | 0.01% | +2,171+36.0% | Added |
| State of New Jersey Common Pension Fund D | 8,223 | $1.91M | 0.01% | −275−3.2% | Reduced |
| Point72 Hong Kong Ltd | 8,451 | $1.96M | 0.09% | +6,251+284.1% | Added |
| LPL Financial LLC | 8,710 | $2.02M | 0.00% | +2,395+37.9% | Added |
| Victory Capital Management Inc | 8,769 | $2.03M | 0.00% | −8,765−50.0% | Reduced |
| Globeflex Capital L P | 8,835 | $2.05M | 0.32% | 00.0% | Unchanged |
| Ceera Investments, LLC | 8,936 | $2.07M | 0.65% | −850−8.7% | Reduced |
| Oppenheimer Asset Management Inc. | 8,998 | $2.09M | 0.02% | −4,240−32.0% | Reduced |
| Tudor Investment Corp Et Al | 9,029 | $2.09M | 0.01% | −15,598−63.3% | Reduced |
| Quadrature Capital Ltd | 9,300 | $2.16M | 0.03% | +9,300 | New |
| Neuberger Berman Group LLC | 9,375 | $2.18M | 0.00% | −5,241−35.9% | Reduced |
| First Trust Advisors LP | 9,390 | $2.18M | 0.00% | −5,010−34.8% | Reduced |
| Dearborn Partners LLC | 9,544 | $2.21M | 0.10% | −119−1.2% | Reduced |