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 |
|---|---|---|---|---|---|
| Kensington Investment Counsel, LLC | 9,574 | $2.22M | 0.90% | −769−7.4% | Reduced |
| Commerce Bank | 10,044 | $2.33M | 0.01% | +29+0.3% | Added |
| Police & Firemen's Retirement System of New Jersey | 10,331 | $2.40M | 0.02% | +1,370+15.3% | Added |
| Treasurer of the State of North Carolina | 10,427 | $2.42M | 0.01% | −557−5.1% | Reduced |
| State of Tennessee, Treasury Department | 10,460 | $2.43M | 0.01% | 00.0% | Unchanged |
| Pinebridge Investments, L.P. | 10,505 | $2.44M | 0.02% | −8,012−43.3% | Reduced |
| Man Group plc | 10,823 | $2.51M | 0.00% | −5,598−34.1% | Reduced |
| CWM, LLC | 10,878 | $2.52M | 0.01% | +6,616+155.2% | Added |
| YHB Investment Advisors, Inc. | 11,214 | $2.60M | 0.19% | −965−7.9% | Reduced |
| Bank of Montreal | 11,282 | $2.62M | 0.00% | −41,060−78.4% | Reduced |
| Mutual of America Capital Management LLC | 11,298 | $2.62M | 0.03% | −1,939−14.6% | Reduced |
| Worldquant Millennium Advisors LLC | 11,588 | $2.69M | 0.01% | +8,769+311.1% | Added |
| Amalgamated Bank | 11,735 | $2.72M | 0.02% | −807−6.4% | Reduced |
| Daiwa Securities Group Inc. | 11,800 | $2.74M | 0.01% | −917−7.2% | Reduced |
| Voya Investment Management LLC | 11,965 | $2.78M | 0.00% | −6,077−33.7% | Reduced |
| Russell Investments Group, Ltd. | 12,066 | $2.80M | 0.00% | −3,020−20.0% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 12,137 | $2.82M | 0.07% | +2,083+20.7% | Added |
| Henshaw Capital LLC | 12,483 | $2.90M | 0.11% | +20+0.2% | Added |
| New York State Common Retirement Fund | 12,641 | $2.93M | 0.00% | 00.0% | Unchanged |
| Thrivent Financial for Lutherans | 12,726 | $2.95M | 0.01% | −9,371−42.4% | Reduced |
| Southeast Asset Advisors Inc. | 12,895 | $2.99M | 0.33% | +1,668+14.9% | Added |
| MetLife Investment Management | 13,298 | $3.09M | 0.01% | −1,710−11.4% | Reduced |
| Gallo Partners, LP | 13,326 | $3.09M | 2.32% | +13,326 | New |
| Raymond James Financial Inc | 13,361 | $3.10M | 0.00% | −47,925−78.2% | Reduced |
| HighTower Advisors, LLC | 13,744 | $3.19M | 0.00% | −1,653−10.7% | Reduced |
| Vident Advisory, LLC | 13,802 | $3.20M | 0.03% | +2,618+23.4% | Added |
| Cardinal Capital Management | 13,902 | $3.23M | 0.45% | +48+0.3% | Added |
| Stifel Financial Corp | 14,845 | $3.44M | 0.00% | +1,332+9.9% | Added |
| Brevan Howard Capital Management LP | 16,304 | $3.78M | 0.05% | +6,950+74.3% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 16,747 | $3.89M | 0.01% | +5,262+45.8% | Added |
| Allianz Asset Management GmbH | 16,750 | $3.89M | 0.00% | +37+0.2% | Added |
| BNP Paribas Arbitrage, SA | 16,784 | $3.89M | 0.00% | −912−5.2% | Reduced |
| 1832 Asset Management L.P. | 16,800 | $3.90M | 0.01% | +8,200+95.3% | Added |
| Jain Global LLC | 17,229 | $4.00M | 0.05% | +17,229 | New |
| State of Alaska, Department of Revenue | 17,248 | $4.00M | 0.04% | −309−1.8% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 17,683 | $4.10M | 0.01% | +17,683 | New |
| Manufacturers Life Insurance Company, The | 18,536 | $4.30M | 0.00% | −1,919−9.4% | Reduced |
| Motley Fool Asset Management LLC | 18,555 | $4.30M | 0.18% | +6,802+57.9% | Added |
| Voleon Capital Management LP | 18,843 | $4.37M | 0.11% | −8,090−30.0% | Reduced |
| Headlands Technologies LLC | 18,879 | $4.38M | 0.35% | +14,028+289.2% | Added |
| Advisor Group Holdings, Inc. | 18,907 | $4.39M | 0.01% | +15,511+456.7% | Added |
| Great West Life Assurance Co | 19,435 | $4.55M | 0.01% | −821−4.1% | Reduced |
| Commonwealth Equity Services, LLC | 19,732 | $4.58M | 0.01% | +17,664+854.2% | Added |
| Verition Fund Management LLC | 19,884 | $4.61M | 0.03% | +4,964+33.3% | Added |
| Annandale Capital, LLC | 20,084 | $4.66M | 0.81% | +20,084 | New |
| CI Private Wealth, LLC | 20,130 | $4.67M | 0.01% | +11,702+138.8% | Added |
| American Century Companies Inc | 20,337 | $4.72M | 0.00% | +5,029+32.9% | Added |
| Acadian Asset Management LLC | 20,976 | $4.86M | 0.01% | +13,655+186.5% | Added |
| Ameriprise Financial Inc | 21,594 | $5.01M | 0.00% | −22,690−51.2% | Reduced |
| Van Eck Associates Corp | 21,839 | $5.07M | 0.00% | +1,042+5.0% | Added |
| Aquatic Capital Management LLC | 22,747 | $5.28M | 0.10% | +13,774+153.5% | Added |
| Marks Group Wealth Management, Inc | 22,767 | $5.28M | 0.49% | −3,211−12.4% | Reduced |
| Kornitzer Capital Management Inc | 23,276 | $5.40M | 0.11% | −1,565−6.3% | Reduced |
| State Board of Administration of Florida Retirement System | 23,540 | $5.46M | 0.01% | −1,473−5.9% | Reduced |
| Gotham Asset Management, LLC | 24,186 | $5.61M | 0.02% | +14,796+157.6% | Added |
| Schonfeld Strategic Advisors LLC | 24,245 | $5.63M | 0.04% | +12,915+114.0% | Added |
| Dark Forest Capital Management LP | 25,257 | $5.86M | 0.22% | +25,257 | New |
| United Capital Financial Advisers, LLC | 25,361 | $5.88M | 0.04% | +453+1.8% | Added |
| Citigroup Inc | 25,437 | $5.90M | 0.00% | +6,972+37.8% | Added |
| California State Teachers Retirement System | 25,484 | $5.91M | 0.01% | +10.0% | Added |
| Sea Cliff Partners Management, LP | 26,000 | $6.03M | 2.31% | +2,000+8.3% | Added |
| Touchstone Capital, Inc. | 26,228 | $6.09M | 3.12% | +26,228 | New |
| Teacher Retirement System of Texas | 27,329 | $6.34M | 0.03% | +2,593+10.5% | Added |
| HSBC Holdings PLC | 27,694 | $6.41M | 0.00% | +21,554+351.0% | Added |
| Magnetar Financial LLC | 28,188 | $6.54M | 0.04% | −35−0.1% | Reduced |
| D. E. Shaw & Co., Inc. | 29,379 | $6.82M | 0.01% | +6,464+28.2% | Added |
| Segall Bryant & Hamill, LLC | 29,570 | $6.86M | 0.09% | −11,222−27.5% | Reduced |
| Retirement Systems of Alabama | 29,577 | $6.86M | 0.02% | −2,955−9.1% | Reduced |
| Capital Fund Management S.A. | 30,711 | $7.13M | 0.07% | +15,654+104.0% | Added |
| Cooper Investors Pty Ltd | 30,985 | $7.19M | 1.96% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 31,891 | $7.40M | 0.00% | −275−0.9% | Reduced |
| Jump Financial, LLC | 33,268 | $7.72M | 0.10% | +13,002+64.2% | Added |
| Holocene Advisors, LP | 34,241 | $7.94M | 0.02% | +5,030+17.2% | Added |
| Royal Bank of Canada | 34,467 | $8.00M | 0.00% | −69,449−66.8% | Reduced |
| California Public Employees Retirement System | 34,561 | $8.02M | 0.00% | −10,559−23.4% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 36,198 | $8.40M | 0.02% | −6,222−14.7% | Reduced |
| Sone Capital Management, LLC | 39,226 | $9.10M | 0.76% | +24,667+169.4% | Added |
| Barclays PLC | 41,054 | $9.52M | 0.00% | +23,698+136.5% | Added |
| Parnassus Investments | 42,488 | $9.86M | 0.02% | −467−1.1% | Reduced |
| Susquehanna International Group, LLP | 43,677 | $10.1M | 0.01% | +36,143+479.7% | Added |
| Janus Henderson Group PLC | 44,529 | $10.3M | 0.00% | +6,547+17.2% | Added |
| Ci Investments Inc. | 45,528 | $10.6M | 0.04% | +1,650+3.8% | Added |
| Legal & General Group Plc | 46,689 | $10.8M | 0.00% | −2,812−5.7% | Reduced |
| Squarepoint Ops LLC | 47,235 | $11.0M | 0.02% | +29,092+160.3% | Added |
| Prudential Financial Inc | 48,100 | $11.2M | 0.01% | +26,274+120.4% | Added |
| Algert Global LLC | 50,039 | $11.6M | 0.19% | +5,896+13.4% | Added |
| Point72 Asset Management, L.P. | 50,921 | $11.8M | 0.03% | −72,279−58.7% | Reduced |
| Swiss National Bank | 53,300 | $12.4M | 0.01% | +200+0.4% | Added |
| Barlow Wealth Partners, Inc. | 57,475 | $12.6M | 1.41% | +8,403+17.1% | Added |
| Quantinno Capital Management LP | 54,569 | $12.7M | 0.03% | +23,423+75.2% | Added |
| Meeder Asset Management Inc | 55,796 | $12.9M | 0.74% | +14,812+36.1% | Added |
| Nicholas Company, Inc. | 56,575 | $13.1M | 0.22% | +100.0% | Added |
| Engineers Gate Manager LP | 57,519 | $13.3M | 0.15% | +30,405+112.1% | Added |
| Canada Pension Plan Investment Board | 57,600 | $13.4M | 0.01% | +57,600 | New |
| Panagora Asset Management Inc | 58,087 | $13.5M | 0.05% | −574−1.0% | Reduced |
| Confluence Investment Management LLC | 60,239 | $14.0M | 0.20% | −741−1.2% | Reduced |
| Rhumbline Advisers | 65,254 | $15.1M | 0.01% | −6,330−8.8% | Reduced |
| Lazard Asset Management LLC | 65,817 | $15.3M | 0.02% | +16,865+34.5% | Added |
| Congress Asset Management Co | 66,117 | $15.3M | 0.10% | +5,706+9.4% | Added |
| Captrust Financial Advisors | 66,612 | $15.5M | 0.03% | −9,035−11.9% | Reduced |