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 |
|---|---|---|---|---|---|
| Aster Capital Management (DIFC) Ltd | 1,441 | $334.3K | 0.17% | +318+28.3% | Added |
| Entropy Technologies, LP | 1,435 | $332.9K | 0.02% | −3,220−69.2% | Reduced |
| Great Valley Advisor Group, Inc. | 1,392 | $323.0K | 0.01% | −39−2.7% | Reduced |
| Welch & Forbes LLC | 1,374 | $318.8K | 0.00% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 1,355 | $314.4K | 0.00% | 00.0% | Unchanged |
| Verdence Capital Advisors LLC | 1,369 | $298.9K | 0.02% | +1,369 | New |
| Evergreen Capital Management LLC | 1,268 | $294.2K | 0.01% | +1,268 | New |
| Institute for Wealth Management, LLC. | 1,267 | $294.0K | 0.03% | +96+8.2% | Added |
| Swiss Life Asset Management Ltd | 1,264 | $293.3K | 0.00% | +546+76.0% | Added |
| Maryland State Retirement & Pension System | 1,247 | $289.3K | 0.01% | 00.0% | Unchanged |
| Utah Retirement Systems | 1,243 | $288.4K | 0.00% | −2,985−70.6% | Reduced |
| Wallace Advisory Group, LLC | 898 | $281.9K | 0.23% | −238−21.0% | Reduced |
| Kestra Advisory Services, LLC | 1,206 | $279.8K | 0.00% | +465+62.8% | Added |
| Buckingham Strategic Partners | 1,251 | $279.2K | 0.00% | +1,251 | New |
| FORA Capital, LLC | 1,177 | $273.1K | 0.05% | −87−6.9% | Reduced |
| Two Sigma Securities, LLC | 1,150 | $266.8K | 0.04% | −3,291−74.1% | Reduced |
| Capital Investment Counsel, Inc | 1,150 | $266.8K | 0.03% | 00.0% | Unchanged |
| QRG Capital Management, Inc. | 1,127 | $261.5K | 0.00% | −54−4.6% | Reduced |
| Cadent Capital Advisors, LLC | 1,110 | $257.5K | 0.07% | −379−25.5% | Reduced |
| Rothschild Investment LLC | 1,107 | $256.8K | 0.01% | +1,107 | New |
| denkapparat Operations GmbH | 1,106 | $256.6K | 0.16% | 00.0% | Unchanged |
| Sequoia Financial Advisors, LLC | 1,061 | $246.2K | 0.00% | +261+32.6% | Added |
| Parallel Advisors, LLC | 1,050 | $243.6K | 0.00% | −277−20.9% | Reduced |
| Principal Securities, Inc. | 1,049 | $243.4K | 0.00% | +156+17.5% | Added |
| Chicago Partners Investment Group LLC | 1,111 | $242.3K | 0.01% | +326+41.5% | Added |
| ProShare Advisors LLC | 1,040 | $241.3K | 0.00% | −140−11.9% | Reduced |
| The PNC Financial Services Group, Inc. | 1,029 | $238.7K | 0.00% | −84−7.5% | Reduced |
| Syon Capital LLC | 1,027 | $238.3K | 0.01% | −313−23.4% | Reduced |
| Ethic Inc. | 1,019 | $236.4K | 0.00% | −1,719−62.8% | Reduced |
| Callan Family Office, LLC | 996 | $231.1K | 0.01% | −2,009−66.9% | Reduced |
| Shelton Capital Management | 970 | $225.1K | 0.00% | 00.0% | Unchanged |
| Amica Mutual Insurance Co | 930 | $216.0K | 0.02% | +930 | New |
| Angeles Wealth Management, LLC | 927 | $215.1K | 0.01% | +1+0.1% | Added |
| Mechanics Bank Trust Department | 925 | $214.6K | 0.03% | −24−2.5% | Reduced |
| Polymer Capital Management (HK) LTD | 906 | $210.2K | 0.03% | +906 | New |
| Hennion & Walsh Asset Management, Inc. | 903 | $209.5K | 0.01% | −21−2.3% | Reduced |
| Catalyst Funds Management Pty Ltd | 900 | $208.8K | 0.03% | +900 | New |
| Personal Cfo Solutions, LLC | 900 | $208.7K | 0.04% | +900 | New |
| Scientech Research LLC | 868 | $201.4K | 0.07% | −675−43.7% | Reduced |
| KBC Group NV | 659 | $153.0K | 0.00% | 00.0% | Unchanged |
| HM Payson & Co | 600 | $139.2K | 0.00% | 00.0% | Unchanged |
| Annis Gardner Whiting Capital Advisors, LLC | 564 | $130.9K | 0.03% | +564 | New |
| STRS Ohio | 554 | $128.5K | 0.00% | −8−1.4% | Reduced |
| Umb Bank N A | 534 | $123.9K | 0.00% | −138−20.5% | Reduced |
| Essential Partners LLC | 527 | $122.3K | 0.04% | +59+12.6% | Added |
| Covestor Ltd | 502 | $117.0K | 0.06% | −58−10.4% | Reduced |
| Sterling Capital Management LLC | 484 | $112.3K | 0.00% | −43−8.2% | Reduced |
| EverSource Wealth Advisors, LLC | 435 | $100.9K | 0.00% | −126−22.5% | Reduced |
| Farther Finance Advisors, LLC | 417 | $96.8K | 0.00% | +21+5.3% | Added |
| North Star Investment Management Corp. | 392 | $90.9K | 0.01% | −125−24.2% | Reduced |
| Steward Partners Investment Advisory, LLC | 389 | $90.3K | 0.00% | +190+95.5% | Added |
| Caitong International Asset Management Co., Ltd | 386 | $89.6K | 0.06% | +354+1,106.3% | Added |
| Fifth Third Bancorp | 384 | $89.1K | 0.00% | +43+12.6% | Added |
| Harbor Investment Advisory, LLC | 367 | $85.1K | 0.01% | +84+29.7% | Added |
| Rockefeller Capital Management L.P. | 353 | $81.9K | 0.00% | +353 | New |
| Whittier Trust Co | 355 | $80.3K | 0.00% | 00.0% | Unchanged |
| Bokf, NA | 325 | $75.4K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 311 | $72.2K | 0.00% | −99−24.1% | Reduced |
| Brown Brothers Harriman & Co | 287 | $66.6K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 268 | $62.2K | 0.00% | +113+72.9% | Added |
| Shell Asset Management Co | 263 | $61.0K | 0.01% | −402−60.5% | Reduced |
| GAMMA Investing LLC | 256 | $59.4K | 0.00% | −177−40.9% | Reduced |
| IFP Advisors, Inc | 253 | $58.7K | 0.00% | +116+84.7% | Added |
| Ronald Blue Trust, Inc. | 247 | $57.3K | 0.00% | +19+8.3% | Added |
| CVA Family Office, LLC | 228 | $52.9K | 0.01% | −2−0.9% | Reduced |
| Versant Capital Management, Inc | 209 | $48.5K | 0.01% | −610−74.5% | Reduced |
| State of Wyoming | 204 | $47.3K | 0.01% | +204 | New |
| Atlantic Union Bankshares Corp | 200 | $46.4K | 0.00% | +200 | New |
| Employees Retirement System of Texas | 184 | $43.0K | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 183 | $42.5K | 0.00% | −43−19.0% | Reduced |
| National Bank of Canada | 171 | $39.7K | 0.00% | −43,707−99.6% | Reduced |
| American National Bank | 170 | $39.4K | 0.00% | −10−5.6% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 168 | $39.3K | 0.00% | −26−13.4% | Reduced |
| Clearstead Advisors, LLC | 165 | $38.3K | 0.00% | +58+54.2% | Added |
| Quent Capital, LLC | 162 | $37.6K | 0.00% | +162 | New |
| Longview Financial Advisors LLC | 155 | $36.0K | 0.02% | 00.0% | Unchanged |
| WPG Advisers, LLC | 136 | $31.6K | 0.02% | −2−1.4% | Reduced |
| Quarry LP | 125 | $29.0K | 0.01% | −70−35.9% | Reduced |
| Measured Wealth Private Client Group, LLC | 112 | $26.0K | 0.01% | +112 | New |
| Jones Financial Companies LLLP | 93 | $21.8K | 0.00% | +93 | New |
| Amica Retiree Medical Trust | 91 | $21.0K | 0.03% | +91 | New |
| Northwestern Mutual Wealth Management Co | 89 | $20.6K | 0.00% | +52+140.5% | Added |
| Hantz Financial Services, Inc. | 87 | $20.0K | 0.00% | +54+163.6% | Added |
| Smartleaf Asset Management LLC | 84 | $19.7K | 0.00% | +22+35.5% | Added |
| Private Trust Co NA | 84 | $19.5K | 0.00% | 00.0% | Unchanged |
| Bradley & Co. Private Wealth Management, LLC | 83 | $19.3K | 0.01% | 00.0% | Unchanged |
| Osterweis Capital Management Inc | 80 | $18.6K | 0.00% | −12−13.0% | Reduced |
| Bell Investment Advisors, Inc | 79 | $18.3K | 0.00% | −2−2.5% | Reduced |
| True Wealth Design, LLC | 78 | $18.1K | 0.01% | +70+875.0% | Added |
| GWM Advisors LLC | 78 | $18.0K | 0.00% | 00.0% | Unchanged |
| Tobam | 78 | $18.0K | 0.01% | +78 | New |
| Hughes Financial Services, LLC | 83 | $17.9K | 0.00% | −4−4.6% | Reduced |
| Cedar Mountain Advisors, LLC | 77 | $17.8K | 0.00% | 00.0% | Unchanged |
| Central Trust Co | 75 | $17.4K | 0.00% | 00.0% | Unchanged |
| Massmutual Trust Co FSB | 73 | $16.9K | 0.00% | +4+5.8% | Added |
| Capital Advisors, Ltd. LLC | 70 | $16.0K | 0.00% | −2−2.8% | Reduced |
| Nisa Investment Advisors, LLC | 67 | $15.5K | 0.00% | +52+346.7% | Added |
| Centerpoint Advisors, LLC | 61 | $14.0K | 0.00% | −1−1.6% | Reduced |
| Transamerica Financial Advisors, Inc. | 61 | $13.9K | 0.00% | +61 | New |
| Parkside Financial Bank & Trust | 57 | $13.2K | 0.00% | +53+1,325.0% | Added |