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 |
|---|---|---|---|---|---|
| Northwestern Mutual Investment Management Company, LLC | 5,453 | $1.27M | 0.02% | −490−8.2% | Reduced |
| Truist Financial Corp | 5,346 | $1.24M | 0.00% | +1,121+26.5% | Added |
| Wealth Enhancement Advisory Services, LLC | 5,441 | $1.23M | 0.00% | +2,016+58.9% | Added |
| New Mexico Educational Retirement Board | 5,200 | $1.21M | 0.04% | 00.0% | Unchanged |
| Linden Thomas Advisory Services, LLC | 5,098 | $1.18M | 0.12% | −58−1.1% | Reduced |
| Oregon Public Employees Retirement Fund | 4,927 | $1.14M | 0.01% | −561−10.2% | Reduced |
| Bradyco, Inc. | 4,864 | $1.13M | 1.28% | 00.0% | Unchanged |
| Grandeur Peak Global Advisors, LLC | 4,766 | $1.11M | 0.15% | −220−4.4% | Reduced |
| CenterBook Partners LP | 4,732 | $1.10M | 0.05% | +4,732 | New |
| B. Metzler seel. Sohn & Co. AG | 4,730 | $1.10M | 0.01% | −3,358−41.5% | Reduced |
| Pacer Advisors, Inc. | 4,630 | $1.07M | 0.00% | +3,410+279.5% | Added |
| Susquehanna Portfolio Strategies, LLC | 4,621 | $1.07M | 0.02% | −24,449−84.1% | Reduced |
| Bank of Nova Scotia | 4,600 | $1.07M | 0.00% | −27,400−85.6% | Reduced |
| Ameritas Investment Partners, Inc. | 4,586 | $1.06M | 0.03% | −582−11.3% | Reduced |
| Empowered Funds, LLC | 4,557 | $1.06M | 0.01% | +546+13.6% | Added |
| Alliance Wealth Advisors, LLC | 4,468 | $1.04M | 0.24% | −233−5.0% | Reduced |
| Banco Bilbao Vizcaya Argentaria, S.A. | 4,425 | $1.03M | 0.01% | +1,582+55.6% | Added |
| Johnson Investment Counsel Inc | 4,398 | $1.02M | 0.01% | −135−3.0% | Reduced |
| Norden Group LLC | 4,376 | $1.02M | 0.10% | −1,947−30.8% | Reduced |
| Keeler Thomas Management LLC | 4,363 | $1.01M | 0.41% | +78+1.8% | Added |
| Xponance, Inc. | 4,228 | $980.9K | 0.01% | −138−3.2% | Reduced |
| Martin Capital Advisors, LLP | 4,202 | $974.9K | 0.59% | 00.0% | Unchanged |
| CIBC Private Wealth Group, LLC | 4,117 | $955.2K | 0.00% | −1,660−28.7% | Reduced |
| Trexquant Investment LP | 4,039 | $937.1K | 0.01% | +2,952+271.6% | Added |
| Sepio Capital, LP | 4,007 | $929.7K | 0.05% | −10.0% | Reduced |
| Mercer Global Advisors Inc | 3,977 | $922.6K | 0.00% | +1,739+77.7% | Added |
| Summit Trail Advisors, LLC | 3,971 | $921.3K | 0.01% | +3,971 | New |
| Atom Investors LP | 3,863 | $896.3K | 0.07% | +3,863 | New |
| Bessemer Group Inc | 3,822 | $887.0K | 0.00% | +317+9.0% | Added |
| Aurora Investment Counsel | 3,810 | $884.0K | 0.46% | +720+23.3% | Added |
| JustInvest LLC | 3,779 | $876.8K | 0.01% | −897−19.2% | Reduced |
| Diversify Wealth Management, LLC | 4,086 | $871.5K | 0.05% | +16+0.4% | Added |
| Accretive Wealth Partners, LLC | 3,750 | $870.0K | 0.27% | −76−2.0% | Reduced |
| Portside Wealth Group, LLC | 3,739 | $867.5K | 0.12% | −1,151−23.5% | Reduced |
| Summit Wealth Group LLC | 3,683 | $862.8K | 0.12% | +3,683 | New |
| Pictet Asset Management Holding SA | 3,646 | $845.9K | 0.00% | −403−10.0% | Reduced |
| Ensign Peak Advisors, Inc | 3,645 | $845.7K | 0.00% | −5,750−61.2% | Reduced |
| Polymer Capital Management (US) LLC | 3,639 | $844.3K | 0.11% | +3,639 | New |
| Farringdon Capital, Ltd. | 3,601 | $835.5K | 0.21% | +3,601 | New |
| R Squared Ltd | 3,565 | $827.1K | 0.36% | −8−0.2% | Reduced |
| Quadrant Capital Group LLC | 3,521 | $816.9K | 0.03% | +1,803+104.9% | Added |
| Mackenzie Financial Corp | 3,502 | $812.5K | 0.00% | +130+3.9% | Added |
| Numerai GP LLC | 3,447 | $799.7K | 0.11% | +3,447 | New |
| Quest Partners LLC | 3,350 | $777.2K | 0.05% | −2,722−44.8% | Reduced |
| Fox Run Management, L.L.C. | 3,341 | $775.1K | 0.12% | −1,789−34.9% | Reduced |
| SG Americas Securities, LLC | 3,222 | $748.0K | 0.00% | +1,794+125.6% | Added |
| Wiley Bros.-Aintree Capital, LLC | 3,172 | $735.2K | 0.00% | +63+2.0% | Added |
| Gibbs Wealth Management | 3,162 | $733.7K | 0.17% | −862−21.4% | Reduced |
| Freestone Grove Partners LP | 3,140 | $728.5K | 0.01% | −1,007−24.3% | Reduced |
| Davy Global Fund Management Ltd | 3,106 | $720.6K | 0.05% | 00.0% | Unchanged |
| Merit Financial Group, LLC | 3,081 | $714.8K | 0.01% | +1,731+128.2% | Added |
| Machina Capital S.A.S. | 3,056 | $709.0K | 0.12% | +3,056 | New |
| Bradley Foster & Sargent Inc | 3,021 | $700.9K | 0.01% | 00.0% | Unchanged |
| Benjamin Edwards Inc | 2,871 | $666.3K | 0.01% | +674+30.7% | Added |
| HB Wealth Management, LLC | 2,861 | $663.8K | 0.00% | +191+7.2% | Added |
| Atria Investments LLC | 2,736 | $634.8K | 0.01% | −207−7.0% | Reduced |
| XTX Topco Ltd | 2,720 | $631.1K | 0.03% | −770−22.1% | Reduced |
| Park Avenue Securities LLC | 2,695 | $625.0K | 0.00% | +974+56.6% | Added |
| Blair William & Co | 2,685 | $622.9K | 0.00% | −211−7.3% | Reduced |
| Advisory Services Network, LLC | 2,647 | $614.1K | 0.01% | +22+0.8% | Added |
| Public Employees Retirement Association of Colorado | 2,604 | $604.0K | 0.00% | −183−6.6% | Reduced |
| Simon Quick Advisors, LLC | 2,579 | $598.5K | 0.03% | +67+2.7% | Added |
| Danske Bank A/S | 2,573 | $597.0K | 0.00% | −2,312−47.3% | Reduced |
| Jefferies Financial Group Inc. | 2,507 | $581.6K | 0.01% | +2,507 | New |
| Aigen Investment Management, LP | 2,496 | $579.1K | 0.09% | −518−17.2% | Reduced |
| Deutsche Bank AG | 2,494 | $578.6K | 0.00% | +283+12.8% | Added |
| Toroso Investments, LLC | 2,462 | $571.2K | 0.00% | +1,407+133.4% | Added |
| Virginia Retirement Systems Et Al | 2,400 | $556.8K | 0.00% | +2,400 | New |
| Planning Alternatives Ltd | 2,392 | $555.0K | 0.07% | 00.0% | Unchanged |
| EntryPoint Capital, LLC | 2,387 | $553.8K | 0.21% | +2,387 | New |
| ISAM Funds (UK) Ltd | 2,358 | $547.1K | 0.11% | +1,497+173.9% | Added |
| Point72 (DIFC) Ltd | 2,211 | $513.0K | 0.04% | +274+14.1% | Added |
| Federated Hermes, Inc. | 2,185 | $506.9K | 0.00% | +137+6.7% | Added |
| O'Shaughnessy Asset Management, LLC | 2,152 | $499.3K | 0.00% | −1,372−38.9% | Reduced |
| Krilogy Financial LLC | 2,310 | $491.0K | 0.02% | +2,310 | New |
| Index Fund Advisors, Inc. | 2,061 | $478.2K | 0.02% | −1,852−47.3% | Reduced |
| Virtu Financial LLC | 1,979 | $459.0K | 0.03% | −2,726−57.9% | Reduced |
| Tower Research Capital LLC (TRC) | 1,960 | $454.7K | 0.01% | +104+5.6% | Added |
| Ballentine Partners, LLC | 1,932 | $448.2K | 0.01% | +66+3.5% | Added |
| J.W. Cole Advisors, Inc. | 1,890 | $438.4K | 0.01% | −220−10.4% | Reduced |
| Securian Asset Management, Inc | 1,832 | $425.0K | 0.01% | −248−11.9% | Reduced |
| Spectrum Asset Management, Inc. (NB/CA) | 1,815 | $421.2K | 0.15% | +3+0.2% | Added |
| Procyon Private Wealth Partners, LLC | 1,792 | $415.8K | 0.02% | 00.0% | Unchanged |
| 111 Capital | 1,782 | $413.4K | 0.08% | −658−27.0% | Reduced |
| Sanctuary Advisors, LLC | 1,744 | $404.6K | 0.00% | +123+7.6% | Added |
| Harbor Capital Advisors, Inc. | 1,729 | $401.0K | 0.03% | −4,210−70.9% | Reduced |
| Janney Montgomery Scott LLC | 1,710 | $397.0K | 0.00% | −818−32.4% | Reduced |
| DRW Securities, LLC | 1,709 | $396.6K | 0.02% | −82−4.6% | Reduced |
| Federation des caisses Desjardins du Quebec | 1,690 | $392.1K | 0.00% | +1,690 | New |
| Brighton Jones LLC | 1,680 | $389.8K | 0.01% | +492+41.4% | Added |
| Gsa Capital Partners LLP | 1,629 | $378.0K | 0.03% | +924+131.1% | Added |
| Andina Capital Management, LLC | 1,600 | $371.2K | 0.21% | +207+14.9% | Added |
| Franklin Resources Inc | 1,581 | $366.8K | 0.00% | +40+2.6% | Added |
| Occudo Quantitative Strategies LP | 1,543 | $358.0K | 0.04% | +1,543 | New |
| Naviter Wealth, LLC | 1,540 | $357.3K | 0.04% | 00.0% | Unchanged |
| Diversify Advisory Services, LLC | 1,641 | $350.0K | 0.01% | +74+4.7% | Added |
| Dempze Nancy E | 1,494 | $346.6K | 0.19% | 00.0% | Unchanged |
| TownSquare Capital, LLC | 1,474 | $342.0K | 0.05% | −1,774−54.6% | Reduced |
| Connable Office Inc | 1,470 | $341.1K | 0.03% | 00.0% | Unchanged |
| Smith Group Asset Management, LLC | 1,450 | $336.4K | 0.02% | 00.0% | Unchanged |