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, Q4 2025
Institutional positions in Morningstar, Inc. as of Dec 31, 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
- 475
- +32 vs. Q3 2025
- Shares held
- 24.2M
- −557.2K (−2.2%) vs. Q3 2025
- Total value
- $5.27B
- −$485.5M (−8.4%) vs. Q3 2025
- New holders
- 90
- 149 more added
- Sold out
- 58
- 190 more reduced
9 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Morningstar, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 2,374,364 | $516.0M | 0.01% | −235,971−9.0% | Reduced |
| BlackRock, Inc. | 2,363,201 | $513.5M | 0.01% | −31,627−1.3% | Reduced |
| Morgan Stanley | 2,006,325 | $436.0M | 0.03% | +47,360+2.4% | Added |
| Select Equity Group, L.P. | 1,522,492 | $330.9M | 1.54% | −581,210−27.6% | Reduced |
| Bamco Inc | 1,241,794 | $269.9M | 0.73% | −172,511−12.2% | Reduced |
| Wellington Management Group LLP | 1,136,213 | $246.9M | 0.04% | +523,387+85.4% | Added |
| AQR Capital Management LLC | 900,297 | $195.6M | 0.10% | +292,053+48.0% | Added |
| State Street Corp | 746,907 | $162.3M | 0.01% | −16,316−2.1% | Reduced |
| Geode Capital Management, LLC | 596,982 | $129.8M | 0.01% | −18,813−3.1% | Reduced |
| Dimensional Fund Advisors LP | 471,971 | $102.6M | 0.02% | +51,844+12.3% | Added |
| Jane Street Group, LLC | 424,271 | $92.2M | 0.11% | +299,672+240.5% | Added |
| Two Sigma Investments, LP | 382,454 | $83.1M | 0.12% | +96,279+33.6% | Added |
| JPMorgan Chase & Co | 365,560 | $79.4M | 0.01% | +47,082+14.8% | Added |
| Massachusetts Financial Services Co | 361,687 | $78.6M | 0.03% | −89,555−19.8% | Reduced |
| Two Sigma Advisers, LP | 354,200 | $77.0M | 0.15% | +193,400+120.3% | Added |
| Millennium Management LLC | 343,833 | $74.7M | 0.05% | +45,092+15.1% | Added |
| Wasatch Advisors Inc | 336,065 | $73.0M | 0.43% | −35,818−9.6% | Reduced |
| Renaissance Technologies LLC | 323,770 | $70.4M | 0.11% | −137,000−29.7% | Reduced |
| UBS Group AG | 295,347 | $64.2M | 0.01% | +138,605+88.4% | Added |
| Norges Bank | 286,994 | $62.4M | 0.01% | +286,994 | New |
| Arrowstreet Capital, Limited Partnership | 285,098 | $62.0M | 0.04% | −5,523−1.9% | Reduced |
| Invesco Ltd. | 271,999 | $59.1M | 0.01% | −24,303−8.2% | Reduced |
| Qube Research & Technologies Ltd | 242,288 | $52.7M | 0.08% | +41,847+20.9% | Added |
| Voloridge Investment Management, LLC | 226,605 | $49.2M | 0.17% | +39,477+21.1% | Added |
| Charles Schwab Investment Management Inc | 189,925 | $41.3M | 0.01% | +8,486+4.7% | Added |
| Quantinno Capital Management LP | 188,764 | $41.0M | 0.08% | +134,195+245.9% | Added |
| Kayne Anderson Rudnick Investment Management LLC | 187,931 | $40.8M | 0.11% | −577,532−75.4% | Reduced |
| Northern Trust Corp | 176,610 | $38.4M | 0.00% | −15,371−8.0% | Reduced |
| Bank of New York Mellon Corp | 169,957 | $36.9M | 0.01% | −13,695−7.5% | Reduced |
| Bank of America Corp | 164,311 | $35.7M | 0.00% | +4,727+3.0% | Added |
| M&G Plc | 156,247 | $33.9M | 0.17% | +1,113+0.7% | Added |
| Schroder Investment Management Group | 150,872 | $32.9M | 0.02% | −17,369−10.3% | Reduced |
| FMR LLC | 149,019 | $32.4M | 0.00% | −44,424−23.0% | Reduced |
| Point72 Asset Management, L.P. | 145,917 | $31.7M | 0.05% | +94,996+186.6% | Added |
| DF Dent & Co Inc | 145,591 | $31.6M | 0.46% | −53,994−27.1% | Reduced |
| Royce & Associates LP | 143,011 | $31.1M | 0.32% | +3,635+2.6% | Added |
| Colony Group, LLC | 136,904 | $29.8M | 0.03% | +8,049+6.2% | Added |
| HRT Financial LP | 128,956 | $28.0M | 0.09% | +30,682+31.2% | Added |
| Goldman Sachs Group Inc | 113,822 | $24.7M | 0.00% | +15,366+15.6% | Added |
| American Capital Management Inc | 113,064 | $24.6M | 1.08% | +13,867+14.0% | Added |
| Copeland Capital Management, LLC | 105,282 | $22.9M | 0.51% | +17,378+19.8% | Added |
| Gotham Asset Management, LLC | 100,283 | $21.8M | 0.08% | +76,097+314.6% | Added |
| Principal Financial Group Inc | 88,071 | $19.1M | 0.01% | −3,084−3.4% | Reduced |
| Envestnet Asset Management Inc | 85,973 | $18.7M | 0.01% | −24,912−22.5% | Reduced |
| Engineers Gate Manager LP | 78,179 | $17.0M | 0.20% | +20,660+35.9% | Added |
| Nordea Investment Management AB | 76,524 | $16.7M | 0.01% | −11,584−13.1% | Reduced |
| Congress Asset Management Co | 74,541 | $16.2M | 0.11% | +8,424+12.7% | Added |
| Nuveen, LLC | 71,087 | $15.4M | 0.00% | −42,206−37.3% | Reduced |
| Confluence Investment Management LLC | 71,033 | $15.4M | 0.23% | +10,794+17.9% | Added |
| Chicago Capital, LLC | 69,041 | $15.0M | 0.37% | −1,001−1.4% | Reduced |
| UBS Asset Management Americas Inc | 69,032 | $15.0M | 0.00% | −5,719−7.7% | Reduced |
| First Trust Advisors LP | 64,175 | $13.9M | 0.01% | +54,785+583.4% | Added |
| Rhumbline Advisers | 63,229 | $13.7M | 0.01% | −2,025−3.1% | Reduced |
| Capital Fund Management S.A. | 61,209 | $13.3M | 0.13% | +30,498+99.3% | Added |
| SEI Investments Co | 59,267 | $12.9M | 0.01% | −23,664−28.5% | Reduced |
| Meeder Asset Management Inc | 57,697 | $12.5M | 0.68% | +1,901+3.4% | Added |
| Janus Henderson Group PLC | 57,589 | $12.5M | 0.01% | +13,060+29.3% | Added |
| Premier Fund Managers Ltd | 56,272 | $12.3M | 0.71% | −34,320−37.9% | Reduced |
| Barlow Wealth Partners, Inc. | 55,533 | $12.0M | 1.30% | −1,942−3.4% | Reduced |
| Ieq Capital, LLC | 51,607 | $11.2M | 0.03% | +44,938+673.8% | Added |
| Jump Financial, LLC | 50,467 | $11.0M | 0.14% | +17,199+51.7% | Added |
| Swiss National Bank | 50,000 | $10.9M | 0.01% | −3,300−6.2% | Reduced |
| Algert Global LLC | 48,957 | $10.6M | 0.17% | −1,082−2.2% | Reduced |
| Susquehanna International Group, LLP | 48,266 | $10.5M | 0.01% | +4,589+10.5% | Added |
| Sone Capital Management, LLC | 43,658 | $9.49M | 0.77% | +4,432+11.3% | Added |
| Prudential Financial Inc | 42,164 | $9.19M | 0.01% | −5,936−12.3% | Reduced |
| Legal & General Group Plc | 39,093 | $8.50M | 0.00% | −7,596−16.3% | Reduced |
| Panagora Asset Management Inc | 38,809 | $8.43M | 0.03% | −19,278−33.2% | Reduced |
| Verition Fund Management LLC | 37,343 | $8.12M | 0.04% | +17,459+87.8% | Added |
| California Public Employees Retirement System | 35,469 | $7.71M | 0.00% | +908+2.6% | Added |
| Ci Investments Inc. | 35,128 | $7.63M | 0.03% | −10,400−22.8% | Reduced |
| Thrivent Financial for Lutherans | 35,185 | $7.63M | 0.01% | +22,459+176.5% | Added |
| Squarepoint Ops LLC | 34,267 | $7.45M | 0.02% | −12,968−27.5% | Reduced |
| Bank of Nova Scotia | 34,200 | $7.43M | 0.01% | +29,600+643.5% | Added |
| Cooper Investors Pty Ltd | 31,887 | $6.93M | 2.30% | +902+2.9% | Added |
| Raymond James Financial Inc | 30,778 | $6.69M | 0.00% | +17,417+130.4% | Added |
| XTX Topco Ltd | 30,112 | $6.54M | 0.17% | +27,392+1,007.1% | Added |
| Winton Group Ltd | 30,067 | $6.53M | 0.23% | +30,067 | New |
| Creative Planning | 29,578 | $6.43M | 0.00% | +21,652+273.2% | Added |
| Retirement Systems of Alabama | 28,629 | $6.22M | 0.02% | −948−3.2% | Reduced |
| Worldquant Millennium Advisors LLC | 28,125 | $6.11M | 0.02% | +16,537+142.7% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 26,844 | $5.83M | 0.01% | +10,097+60.3% | Added |
| Nicholas Company, Inc. | 26,315 | $5.72M | 0.10% | −30,260−53.5% | Reduced |
| Alliancebernstein L.P. | 26,216 | $5.70M | 0.00% | −5,675−17.8% | Reduced |
| California State Teachers Retirement System | 25,407 | $5.52M | 0.01% | −77−0.3% | Reduced |
| Segall Bryant & Hamill, LLC | 23,846 | $5.18M | 0.07% | −5,724−19.4% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 23,600 | $5.13M | 0.01% | −12,598−34.8% | Reduced |
| Barclays PLC | 23,252 | $5.05M | 0.00% | −17,802−43.4% | Reduced |
| United Capital Financial Advisers, LLC | 23,144 | $5.03M | 0.03% | −2,217−8.7% | Reduced |
| D. E. Shaw & Co., Inc. | 22,767 | $4.95M | 0.00% | −6,612−22.5% | Reduced |
| Wells Fargo & Company | 22,763 | $4.95M | 0.00% | −50,481−68.9% | Reduced |
| State Board of Administration of Florida Retirement System | 22,680 | $4.93M | 0.01% | −860−3.7% | Reduced |
| Price T Rowe Associates Inc | 21,777 | $4.73M | 0.00% | −45,724−67.7% | Reduced |
| CI Private Wealth, LLC | 21,531 | $4.68M | 0.01% | +1,401+7.0% | Added |
| Van Eck Associates Corp | 21,192 | $4.61M | 0.00% | −647−3.0% | Reduced |
| Trexquant Investment LP | 20,323 | $4.42M | 0.04% | +16,284+403.2% | Added |
| Crawford Fund Management, LLC | 20,300 | $4.41M | 1.41% | +20,300 | New |
| Ameriprise Financial Inc | 19,781 | $4.30M | 0.00% | −1,813−8.4% | Reduced |
| BNP Paribas Arbitrage, SA | 19,761 | $4.29M | 0.00% | +2,977+17.7% | Added |
| Canada Pension Plan Investment Board | 18,900 | $4.11M | 0.00% | −38,700−67.2% | Reduced |