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 |
|---|---|---|---|---|---|
| Marks Group Wealth Management, Inc | 22,767 | $5.28M | 0.49% | −3,211−12.4% | Reduced |
| Aquatic Capital Management LLC | 22,747 | $5.28M | 0.10% | +13,774+153.5% | Added |
| Van Eck Associates Corp | 21,839 | $5.07M | 0.00% | +1,042+5.0% | Added |
| Ameriprise Financial Inc | 21,594 | $5.01M | 0.00% | −22,690−51.2% | Reduced |
| Acadian Asset Management LLC | 20,976 | $4.86M | 0.01% | +13,655+186.5% | Added |
| American Century Companies Inc | 20,337 | $4.72M | 0.00% | +5,029+32.9% | Added |
| CI Private Wealth, LLC | 20,130 | $4.67M | 0.01% | +11,702+138.8% | Added |
| Annandale Capital, LLC | 20,084 | $4.66M | 0.81% | +20,084 | New |
| Verition Fund Management LLC | 19,884 | $4.61M | 0.03% | +4,964+33.3% | Added |
| Commonwealth Equity Services, LLC | 19,732 | $4.58M | 0.01% | +17,664+854.2% | Added |
| Great West Life Assurance Co | 19,435 | $4.55M | 0.01% | −821−4.1% | Reduced |
| Advisor Group Holdings, Inc. | 18,907 | $4.39M | 0.01% | +15,511+456.7% | Added |
| Headlands Technologies LLC | 18,879 | $4.38M | 0.35% | +14,028+289.2% | Added |
| Voleon Capital Management LP | 18,843 | $4.37M | 0.11% | −8,090−30.0% | Reduced |
| Motley Fool Asset Management LLC | 18,555 | $4.30M | 0.18% | +6,802+57.9% | Added |
| Manufacturers Life Insurance Company, The | 18,536 | $4.30M | 0.00% | −1,919−9.4% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 17,683 | $4.10M | 0.01% | +17,683 | New |
| State of Alaska, Department of Revenue | 17,248 | $4.00M | 0.04% | −309−1.8% | Reduced |
| Jain Global LLC | 17,229 | $4.00M | 0.05% | +17,229 | New |
| 1832 Asset Management L.P. | 16,800 | $3.90M | 0.01% | +8,200+95.3% | Added |
| BNP Paribas Arbitrage, SA | 16,784 | $3.89M | 0.00% | −912−5.2% | Reduced |
| Allianz Asset Management GmbH | 16,750 | $3.89M | 0.00% | +37+0.2% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 16,747 | $3.89M | 0.01% | +5,262+45.8% | Added |
| Brevan Howard Capital Management LP | 16,304 | $3.78M | 0.05% | +6,950+74.3% | Added |
| Stifel Financial Corp | 14,845 | $3.44M | 0.00% | +1,332+9.9% | Added |
| Cardinal Capital Management | 13,902 | $3.23M | 0.45% | +48+0.3% | Added |
| Vident Advisory, LLC | 13,802 | $3.20M | 0.03% | +2,618+23.4% | Added |
| HighTower Advisors, LLC | 13,744 | $3.19M | 0.00% | −1,653−10.7% | Reduced |
| Raymond James Financial Inc | 13,361 | $3.10M | 0.00% | −47,925−78.2% | Reduced |
| Gallo Partners, LP | 13,326 | $3.09M | 2.32% | +13,326 | New |
| MetLife Investment Management | 13,298 | $3.09M | 0.01% | −1,710−11.4% | Reduced |
| Southeast Asset Advisors Inc. | 12,895 | $2.99M | 0.33% | +1,668+14.9% | Added |
| Thrivent Financial for Lutherans | 12,726 | $2.95M | 0.01% | −9,371−42.4% | Reduced |
| New York State Common Retirement Fund | 12,641 | $2.93M | 0.00% | 00.0% | Unchanged |
| Henshaw Capital LLC | 12,483 | $2.90M | 0.11% | +20+0.2% | Added |
| Y-Intercept (Hong Kong) Ltd | 12,137 | $2.82M | 0.07% | +2,083+20.7% | Added |
| Russell Investments Group, Ltd. | 12,066 | $2.80M | 0.00% | −3,020−20.0% | Reduced |
| Voya Investment Management LLC | 11,965 | $2.78M | 0.00% | −6,077−33.7% | Reduced |
| Daiwa Securities Group Inc. | 11,800 | $2.74M | 0.01% | −917−7.2% | Reduced |
| Amalgamated Bank | 11,735 | $2.72M | 0.02% | −807−6.4% | Reduced |
| Worldquant Millennium Advisors LLC | 11,588 | $2.69M | 0.01% | +8,769+311.1% | Added |
| Mutual of America Capital Management LLC | 11,298 | $2.62M | 0.03% | −1,939−14.6% | Reduced |
| Bank of Montreal | 11,282 | $2.62M | 0.00% | −41,060−78.4% | Reduced |
| YHB Investment Advisors, Inc. | 11,214 | $2.60M | 0.19% | −965−7.9% | Reduced |
| CWM, LLC | 10,878 | $2.52M | 0.01% | +6,616+155.2% | Added |
| Man Group plc | 10,823 | $2.51M | 0.00% | −5,598−34.1% | Reduced |
| Pinebridge Investments, L.P. | 10,505 | $2.44M | 0.02% | −8,012−43.3% | Reduced |
| State of Tennessee, Treasury Department | 10,460 | $2.43M | 0.01% | 00.0% | Unchanged |
| Treasurer of the State of North Carolina | 10,427 | $2.42M | 0.01% | −557−5.1% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 10,331 | $2.40M | 0.02% | +1,370+15.3% | Added |
| Commerce Bank | 10,044 | $2.33M | 0.01% | +29+0.3% | Added |
| Kensington Investment Counsel, LLC | 9,574 | $2.22M | 0.90% | −769−7.4% | Reduced |
| Dearborn Partners LLC | 9,544 | $2.21M | 0.10% | −119−1.2% | Reduced |
| First Trust Advisors LP | 9,390 | $2.18M | 0.00% | −5,010−34.8% | Reduced |
| Neuberger Berman Group LLC | 9,375 | $2.18M | 0.00% | −5,241−35.9% | Reduced |
| Quadrature Capital Ltd | 9,300 | $2.16M | 0.03% | +9,300 | New |
| Tudor Investment Corp Et Al | 9,029 | $2.09M | 0.01% | −15,598−63.3% | Reduced |
| Oppenheimer Asset Management Inc. | 8,998 | $2.09M | 0.02% | −4,240−32.0% | Reduced |
| Ceera Investments, LLC | 8,936 | $2.07M | 0.65% | −850−8.7% | Reduced |
| Globeflex Capital L P | 8,835 | $2.05M | 0.32% | 00.0% | Unchanged |
| Victory Capital Management Inc | 8,769 | $2.03M | 0.00% | −8,765−50.0% | Reduced |
| LPL Financial LLC | 8,710 | $2.02M | 0.00% | +2,395+37.9% | Added |
| Point72 Hong Kong Ltd | 8,451 | $1.96M | 0.09% | +6,251+284.1% | Added |
| State of New Jersey Common Pension Fund D | 8,223 | $1.91M | 0.01% | −275−3.2% | Reduced |
| MML Investors Services, LLC | 8,204 | $1.90M | 0.01% | +2,171+36.0% | Added |
| Arizona State Retirement System | 8,116 | $1.88M | 0.01% | +35+0.4% | Added |
| Pathstone Holdings, LLC | 8,095 | $1.88M | 0.01% | −449−5.3% | Reduced |
| Creative Planning | 7,926 | $1.84M | 0.00% | +3,420+75.9% | Added |
| OP Asset Management Ltd | 7,828 | $1.82M | 0.02% | −1,817−18.8% | Reduced |
| US Bancorp | 7,782 | $1.81M | 0.00% | −190−2.4% | Reduced |
| Teachers Retirement System of the State of Kentucky | 7,770 | $1.80M | 0.01% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 7,674 | $1.78M | 0.00% | −538−6.6% | Reduced |
| Yousif Capital Management, LLC | 7,651 | $1.78M | 0.02% | −1,310−14.6% | Reduced |
| Loomis Sayles & Co L P | 7,631 | $1.77M | 0.00% | 00.0% | Unchanged |
| State of Wisconsin Investment Board | 7,573 | $1.76M | 0.00% | −16−0.2% | Reduced |
| Redmond Asset Management, LLC | 7,528 | $1.75M | 0.43% | 00.0% | Unchanged |
| Bright Rock Capital Management, LLC | 7,500 | $1.74M | 0.34% | 00.0% | Unchanged |
| Intech Investment Management LLC | 7,383 | $1.71M | 0.02% | +7,383 | New |
| Public Employees Retirement System of Ohio | 7,378 | $1.71M | 0.01% | −48−0.6% | Reduced |
| Comerica Bank | 7,170 | $1.66M | 0.01% | −1,175−14.1% | Reduced |
| M&T Bank Corp | 7,164 | $1.66M | 0.01% | −1,281−15.2% | Reduced |
| Cerity Partners LLC | 7,154 | $1.66M | 0.00% | +2,884+67.5% | Added |
| Empire Life Investments Inc. | 7,043 | $1.63M | 0.10% | +109+1.6% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 6,863 | $1.59M | 0.00% | −1,989−22.5% | Reduced |
| Louisiana State Employees Retirement System | 6,800 | $1.58M | 0.03% | −700−9.3% | Reduced |
| Mariner, LLC | 6,757 | $1.57M | 0.00% | +2,719+67.3% | Added |
| Ieq Capital, LLC | 6,669 | $1.55M | 0.00% | +1,811+37.3% | Added |
| Ashford Capital Management Inc | 6,648 | $1.54M | 0.17% | +589+9.7% | Added |
| Handelsbanken Fonder AB | 6,372 | $1.48M | 0.00% | 00.0% | Unchanged |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 6,278 | $1.46M | 0.01% | −561−8.2% | Reduced |
| Point72 Asia (Singapore) Pte. Ltd. | 6,248 | $1.45M | 0.22% | +3,503+127.6% | Added |
| SRS Capital Advisors, Inc. | 6,240 | $1.45M | 0.02% | +6,067+3,506.9% | Added |
| Cetera Investment Advisers | 6,076 | $1.41M | 0.00% | +3,878+176.4% | Added |
| Oddo BHF Asset Management SAS | 5,920 | $1.37M | 0.05% | −212−3.5% | Reduced |
| New York State Teachers Retirement System | 5,900 | $1.37M | 0.00% | −100−1.7% | Reduced |
| State of Michigan Retirement System | 5,800 | $1.35M | 0.01% | −600−9.4% | Reduced |
| KLP Kapitalforvaltning AS | 5,700 | $1.32M | 0.01% | −100−1.7% | Reduced |
| New Age Alpha Advisors, LLC | 5,658 | $1.31M | 0.06% | −164−2.8% | Reduced |
| Level Four Advisory Services, LLC | 5,638 | $1.31M | 0.04% | +1,840+48.4% | Added |
| Quantbot Technologies LP | 5,629 | $1.31M | 0.04% | +3,871+220.2% | Added |