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 |
|---|---|---|---|---|---|
| Incline Global Management LLC | 66,981 | $15.5M | 4.61% | +66,981 | New |
| Price T Rowe Associates Inc | 67,501 | $15.7M | 0.00% | +22,448+49.8% | Added |
| Chicago Capital, LLC | 70,042 | $16.3M | 0.40% | +13,627+24.2% | Added |
| Wells Fargo & Company | 73,244 | $17.0M | 0.00% | −12,605−14.7% | Reduced |
| UBS Asset Management Americas Inc | 74,751 | $17.3M | 0.00% | −56,587−43.1% | Reduced |
| SEI Investments Co | 82,931 | $19.2M | 0.02% | −57,392−40.9% | Reduced |
| Citadel Advisors LLC | 84,318 | $19.6M | 0.02% | +36,770+77.3% | Added |
| Nordea Investment Management AB | 88,108 | $20.4M | 0.02% | +27,927+46.4% | Added |
| Copeland Capital Management, LLC | 87,904 | $20.4M | 0.42% | −4,710−5.1% | Reduced |
| Cubist Systematic Strategies, LLC | 90,762 | $21.1M | 0.30% | +49,203+118.4% | Added |
| Principal Financial Group Inc | 91,155 | $21.1M | 0.01% | +22,109+32.0% | Added |
| Premier Fund Managers Ltd | 90,592 | $21.2M | 0.87% | −110,215−54.9% | Reduced |
| HRT Financial LP | 98,274 | $22.8M | 0.08% | +66,501+209.3% | Added |
| Goldman Sachs Group Inc | 98,456 | $22.8M | 0.00% | −279,027−73.9% | Reduced |
| American Capital Management Inc | 99,197 | $23.0M | 0.92% | +1,718+1.8% | Added |
| Envestnet Asset Management Inc | 110,885 | $25.7M | 0.01% | +6,746+6.5% | Added |
| Nuveen, LLC | 113,293 | $26.3M | 0.01% | +4,449+4.1% | Added |
| Jane Street Group, LLC | 124,599 | $28.9M | 0.03% | +90,198+262.2% | Added |
| Colony Group, LLC | 128,855 | $29.9M | 0.05% | +124,559+2,899.4% | Added |
| Royce & Associates LP | 139,376 | $32.3M | 0.32% | +10,159+7.9% | Added |
| M&G Plc | 155,134 | $36.0M | 0.19% | −8,753−5.3% | Reduced |
| UBS Group AG | 156,742 | $36.4M | 0.01% | +99,035+171.6% | Added |
| Bank of America Corp | 159,584 | $37.0M | 0.00% | −752,469−82.5% | Reduced |
| Two Sigma Advisers, LP | 160,800 | $37.3M | 0.07% | +18,600+13.1% | Added |
| Schroder Investment Management Group | 168,241 | $39.4M | 0.03% | +1,343+0.8% | Added |
| Charles Schwab Investment Management Inc | 181,439 | $42.1M | 0.01% | −12,102−6.3% | Reduced |
| Bank of New York Mellon Corp | 183,652 | $42.6M | 0.01% | −14,937−7.5% | Reduced |
| Voloridge Investment Management, LLC | 187,128 | $43.4M | 0.15% | +146,693+362.8% | Added |
| Northern Trust Corp | 191,981 | $44.5M | 0.01% | −16,400−7.9% | Reduced |
| FMR LLC | 193,443 | $44.9M | 0.00% | −80,312−29.3% | Reduced |
| DF Dent & Co Inc | 199,585 | $46.3M | 0.60% | +112,573+129.4% | Added |
| Qube Research & Technologies Ltd | 200,441 | $46.5M | 0.07% | +61,509+44.3% | Added |
| Two Sigma Investments, LP | 286,175 | $66.4M | 0.10% | +125,507+78.1% | Added |
| Arrowstreet Capital, Limited Partnership | 290,621 | $67.4M | 0.04% | +97,009+50.1% | Added |
| Invesco Ltd. | 296,302 | $68.7M | 0.01% | +15,379+5.5% | Added |
| Millennium Management LLC | 298,741 | $69.3M | 0.05% | −512,417−63.2% | Reduced |
| JPMorgan Chase & Co | 318,478 | $73.9M | 0.00% | +82,154+34.8% | Added |
| Liontrust Investment Partners LLP | 371,158 | $86.1M | 1.26% | −20,658−5.3% | Reduced |
| Wasatch Advisors Inc | 371,883 | $86.3M | 0.46% | −272,916−42.3% | Reduced |
| Dimensional Fund Advisors LP | 420,127 | $97.5M | 0.02% | +88,496+26.7% | Added |
| Massachusetts Financial Services Co | 451,242 | $104.7M | 0.03% | −188,890−29.5% | Reduced |
| Renaissance Technologies LLC | 460,770 | $106.9M | 0.14% | +195,600+73.8% | Added |
| AQR Capital Management LLC | 608,244 | $141.1M | 0.09% | +314,275+106.9% | Added |
| Wellington Management Group LLP | 612,826 | $142.2M | 0.02% | −168,015−21.5% | Reduced |
| Geode Capital Management, LLC | 615,795 | $142.9M | 0.01% | −11,146−1.8% | Reduced |
| State Street Corp | 763,223 | $177.1M | 0.01% | −20,952−2.7% | Reduced |
| Kayne Anderson Rudnick Investment Management LLC | 765,463 | $177.6M | 0.43% | −83,106−9.8% | Reduced |
| Bamco Inc | 1,414,305 | $328.1M | 0.87% | +118,979+9.2% | Added |
| Morgan Stanley | 1,958,965 | $454.5M | 0.03% | −114,013−5.5% | Reduced |
| Select Equity Group, L.P. | 2,103,702 | $488.1M | 2.09% | +990,401+89.0% | Added |
| BlackRock, Inc. | 2,394,828 | $555.6M | 0.01% | −124,689−4.9% | Reduced |
| Vanguard Group Inc | 2,610,335 | $605.6M | 0.01% | −23,466−0.9% | Reduced |
| Allspring Global Investments Holdings, LLC | 0 | $0 | 0.00% | −212,169−100.0% | Sold out |
| Amundi | 0 | $0 | 0.00% | −162,681−100.0% | Sold out |
| Assenagon Asset Management S.A. | 0 | $0 | 0.00% | −105,430−100.0% | Sold out |
| Toronto Dominion Bank | 0 | $0 | 0.00% | −50,640−100.0% | Sold out |
| Tribune Investment Group LP | 0 | $0 | 0.00% | −28,000−100.0% | Sold out |
| ExodusPoint Capital Management, LP | 0 | $0 | 0.00% | −27,066−100.0% | Sold out |
| Edgestream Partners, L.P. | 0 | $0 | 0.00% | −20,225−100.0% | Sold out |
| Motley Fool Wealth Management, LLC | 0 | $0 | 0.00% | −19,701−100.0% | Sold out |
| Fisher Asset Management, LLC | 0 | $0 | 0.00% | −16,141−100.0% | Sold out |
| Natixis | 0 | $0 | 0.00% | −12,948−100.0% | Sold out |
| Asset Management One Co.,Ltd. | 0 | $0 | 0.00% | −9,486−100.0% | Sold out |
| Azzad Asset Management Inc | 0 | $0 | 0.00% | −8,683−100.0% | Sold out |
| Campbell & CO Investment Adviser LLC | 0 | $0 | 0.00% | −7,046−100.0% | Sold out |
| Winton Group Ltd | 0 | $0 | 0.00% | −5,115−100.0% | Sold out |
| Consolidated Press International Holdings Ltd | 0 | $0 | 0.00% | −4,300−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −3,794−100.0% | Sold out |
| Integrated Wealth Concepts LLC | 0 | $0 | 0.00% | −3,015−100.0% | Sold out |
| Precision Wealth Strategies, LLC | 0 | $0 | 0.00% | −2,991−100.0% | Sold out |
| Petrus Trust Company, LTA | 0 | $0 | 0.00% | −2,410−100.0% | Sold out |
| Capstone Investment Advisors, LLC | 0 | $0 | 0.00% | −2,252−100.0% | Sold out |
| AE Wealth Management LLC | 0 | $0 | 0.00% | −1,740−100.0% | Sold out |
| Crossmark Global Holdings, Inc. | 0 | $0 | 0.00% | −1,510−100.0% | Sold out |
| AdvisorShares Investments LLC | 0 | $0 | 0.00% | −1,491−100.0% | Sold out |
| Nebula Research & Development LLC | 0 | $0 | 0.00% | −1,448−100.0% | Sold out |
| ClearAlpha Technologies LP | 0 | $0 | 0.00% | −1,432−100.0% | Sold out |
| Advisors Preferred, LLC | 0 | $0 | 0.00% | −1,168−100.0% | Sold out |
| Cottonwood Capital Advisors, LLC | 0 | $0 | 0.00% | −1,135−100.0% | Sold out |
| Graham Capital Management, L.P. | 0 | $0 | 0.00% | −1,082−100.0% | Sold out |
| Bridgefront Capital, LLC | 0 | $0 | 0.00% | −990−100.0% | Sold out |
| Seeds Investor LLC | 0 | $0 | 0.00% | −972−100.0% | Sold out |
| Laurion Capital Management LP | 0 | $0 | 0.00% | −950−100.0% | Sold out |
| Atomi Financial Group, Inc. | 0 | $0 | 0.00% | −916−100.0% | Sold out |
| Dundas Partners LLP | 0 | $0 | 0.00% | −895−100.0% | Sold out |
| Fiduciary Trust Co | 0 | $0 | 0.00% | −884−100.0% | Sold out |
| Bayforest Capital Ltd | 0 | $0 | 0.00% | −858−100.0% | Sold out |
| Cresset Asset Management, LLC | 0 | $0 | 0.00% | −811−100.0% | Sold out |
| Fifth Third Wealth Advisors LLC | 0 | $0 | 0.00% | −776−100.0% | Sold out |
| Keybank National Association | 0 | $0 | 0.00% | −772−100.0% | Sold out |
| Genesis Private Wealth, LLC | 0 | $0 | 0.00% | −758−100.0% | Sold out |
| Claret Asset Management Corp | 0 | $0 | 0.00% | −744−100.0% | Sold out |
| HBK Sorce Advisory LLC | 0 | $0 | 0.00% | −735−100.0% | Sold out |
| Forum Financial Management, LP | 0 | $0 | 0.00% | −735−100.0% | Sold out |
| Kera Capital Partners, Inc. | 0 | $0 | 0.00% | −730−100.0% | Sold out |
| Burney Co | 0 | $0 | 0.00% | −720−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −701−100.0% | Sold out |
| Everence Capital Management Inc | 0 | $0 | 0.00% | −700−100.0% | Sold out |
| Aspiriant, LLC | 0 | $0 | 0.00% | −687−100.0% | Sold out |
| Glenview Trust Co | 0 | $0 | 0.00% | −683−100.0% | Sold out |