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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.

Q4 2025 vs. Q3 2025

How the institutions holding Morningstar, Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025All holders in Q3 2025

13F holders of MORN: Q3 2025 compared with Q4 2025
MeasureQ3 2025Of which not filed for Q4 2025Q4 2025Change
Holders4529475+32
Shares24.9M118.6K24.2M−557.2K (−2.2%)
Value$5.78B$27.5M$5.27B−$485.5M (−8.4%)

9 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (90)

Institutions that held Morningstar, Inc. at the end of Q4 2025 but not at the end of Q3 2025.

Institutions new to MORN in Q4 2025
InstitutionSharesValue% of portfolio
Norges Bank286,994$62.4M0.01%
Winton Group Ltd30,067$6.53M0.23%
Crawford Fund Management, LLC20,300$4.41M1.41%
Berkeley, Inc17,382$3.78M1.20%
MidFirst Bank15,647$3.40M0.27%
Natixis Advisors, L.P.13,711$2.98M0.00%
Fluent Financial, LLC11,691$2.54M0.97%
Redwood Investment Management, LLC11,047$2.40M0.27%
Epoch Investment Partners, Inc.7,631$1.66M0.01%
Alberta Investment Management Corp6,300$1.37M0.01%
CAPROCK Group, Inc.3,925$852.9K0.02%
Oak Thistle LLC3,535$768.2K0.11%
Mirabella Financial Services LLP3,525$766.0K0.07%
Marshall Wace, LLP3,454$750.6K0.00%
Kera Capital Partners, Inc.3,396$686.3K0.08%
Capstone Investment Advisors, LLC3,049$662.6K0.01%
Axq Capital, LP2,436$529.4K0.12%
CSS LLC2,320$504.2K0.03%
RMB Capital Management, LLC2,307$501.3K0.01%
Integrated Quantitative Investments LLC2,285$496.6K0.11%
AdvisorShares Investments LLC2,220$482.4K0.08%
Brown Advisory Inc2,217$481.9K0.00%
New York Life Investment Management LLC2,209$480.0K0.00%
Aaron Wealth Advisors2,202$478.5K0.03%
AlphaGrep UK Ltd2,199$477.9K0.16%
Pallas Capital Advisors LLC2,183$474.4K0.02%
Frank, Rimerman Advisors LLC1,975$429.2K0.03%
Pinebridge Investments LLC1,922$417.7K0.00%
Fieldview Capital Management, LLC1,784$387.7K0.07%
Baker Avenue Asset Management, LP1,621$352.3K0.01%
AlphaCore Capital LLC1,535$333.6K0.01%
Legato Capital Management LLC1,485$322.7K0.03%
Azzad Asset Management Inc1,473$320.1K0.03%
Sivia Capital Partners, LLC1,469$319.2K0.06%
Inscription Capital, LLC1,451$315.3K0.03%
Altfest L J & Co Inc1,423$309.2K0.03%
Amundi1,398$303.8K0.00%
SummitTX Capital, L.P.1,393$302.7K0.01%
TCG Advisory Services, LLC1,365$296.6K0.01%
Greenleaf Trust1,340$291.2K0.00%
Skopos Labs, Inc.1,316$288.2K0.01%
Allspring Global Investments Holdings, LLC1,321$285.1K0.00%
Caerus Investment Advisors, LLC1,297$281.9K0.09%
Waddell & Associates, LLC1,273$276.6K0.02%
Camden Capital, LLC1,134$246.5K0.02%
Connecticut Capital Management Group, LLC1,125$244.5K0.23%
Integrated Wealth Concepts LLC1,081$234.9K0.00%
Blueshift Asset Management, LLC1,005$218.4K0.06%
Transcend Wealth Collective, LLC990$215.1K0.02%
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management948$206.0K0.00%
Sentinus, LLC945$205.4K0.02%
Basecamp Wealth Advisors LLC621$134.9K0.03%
Westpac Banking Corp518$112.6K0.01%
Exchange Traded Concepts, LLC515$111.9K0.00%
Horizon Investments, LLC515$111.7K0.00%
Wexford Capital LP467$101.5K0.03%
Eurizon Capital SGR S.p.A.448$97.5K0.00%
Bayforest Capital Ltd219$47.6K0.04%
Ancora Advisors, LLC212$46.1K0.00%
V-Square Quantitative Management LLC160$34.8K0.00%
Pinnacle Wealth Planning Services, Inc.116$25.2K0.00%
Thurston, Springer, Miller, Herd & Titak, Inc.116$25.2K0.01%
Los Angeles Capital Management LLC111$23.8K0.00%
SageView Advisory Group, LLC33$7.17K0.00%
Tucker Asset Management LLC24$5.21K0.00%
Private Wealth Management Group, LLC23$5.00K0.00%
Zions Bancorporation, National Association18$3.91K0.00%
International Assets Investment Management, LLC13$2.83K0.00%
Marquette Asset Management, LLC12$2.61K0.00%
ORG Partners LLC11$2.39K0.00%
Keating Financial Advisory Services, Inc.10$2.17K0.00%
Kilter Group LLC6$1.30K0.00%
Crewe Advisors LLC5$1.09K0.00%
Cornerstone Financial Management LLC5$1.09K0.00%
CX Institutional3$1.00K0.00%
Bogart Wealth, LLC4$8690.00%
Principia Wealth Advisory, LLC4$8690.00%
Torren Management, LLC3$6570.00%
Signature Equity Partners, LLC3$6530.00%
First Horizon Corp3$6520.00%
Optima Capital LLC3$6520.00%
USA Financial Portformulas Corp2$4350.00%
American Capital Advisory, LLC2$4350.00%
Breakwater Investment Management2$4350.00%
Elyxium Wealth, LLC2$4350.00%
Rossby Financial, LCC2$4350.00%
MV Capital Management, Inc.1$2180.00%
Quaker Wealth Management, LLC1$2180.00%
Wealth Enhancement Trust Services, Inc.1$2170.00%
Dunhill Financial, LLC1$1300.00%

Sold out (58)

Institutions that held Morningstar, Inc. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of MORN in Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Citadel Advisors LLC84,318$19.6M
Parnassus Investments42,488$9.86M
Holocene Advisors, LP34,241$7.94M
Magnetar Financial LLC28,188$6.54M
Touchstone Capital, Inc.26,228$6.09M
Sea Cliff Partners Management, LP26,000$6.03M
Marks Group Wealth Management, Inc22,767$5.28M
Aquatic Capital Management LLC22,747$5.28M
Annandale Capital, LLC20,084$4.66M
1832 Asset Management L.P.16,800$3.90M
Gallo Partners, LP13,326$3.09M
Quadrature Capital Ltd9,300$2.16M
Globeflex Capital L P8,835$2.05M
Intech Investment Management LLC7,383$1.71M
Ashford Capital Management Inc6,648$1.54M
Oddo BHF Asset Management SAS5,920$1.37M
Grandeur Peak Global Advisors, LLC4,766$1.11M
Susquehanna Portfolio Strategies, LLC4,621$1.07M
Empowered Funds, LLC4,557$1.06M
Atom Investors LP3,863$896.3K
Accretive Wealth Partners, LLC3,750$870.0K
Summit Wealth Group LLC3,683$862.8K
Polymer Capital Management (US) LLC3,639$844.3K
Farringdon Capital, Ltd.3,601$835.5K
Freestone Grove Partners LP3,140$728.5K
Davy Global Fund Management Ltd3,106$720.6K
Simon Quick Advisors, LLC2,579$598.5K
Virginia Retirement Systems Et Al2,400$556.8K
Virtu Financial LLC1,979$459.0K
111 Capital1,782$413.4K
Janney Montgomery Scott LLC1,710$397.0K
DRW Securities, LLC1,709$396.6K
Brighton Jones LLC1,680$389.8K
Gsa Capital Partners LLP1,629$378.0K
Naviter Wealth, LLC1,540$357.3K
TownSquare Capital, LLC1,474$342.0K
Smith Group Asset Management, LLC1,450$336.4K
Institute for Wealth Management, LLC.1,267$294.0K
Wallace Advisory Group, LLC898$281.9K
FORA Capital, LLC1,177$273.1K
Shelton Capital Management970$225.1K
Mechanics Bank Trust Department925$214.6K
Polymer Capital Management (HK) LTD906$210.2K
Hennion & Walsh Asset Management, Inc.903$209.5K
Catalyst Funds Management Pty Ltd900$208.8K
Scientech Research LLC868$201.4K
National Bank of Canada171$39.7K
Rise Advisors, LLC51$11.7K
Ameritas Advisory Services, LLC35$8.16K
Wealthspire Advisors, LLC27$6.26K
Fortitude Family Office, LLC10$2.32K
WealthCollab, LLC5$1.16K
Tortoise Investment Management, LLC5$1.16K
Cromwell Holdings LLC4$929
Quest 10 Wealth Builders, Inc.4$928
Bare Financial Services, Inc3$696
Addison Advisors LLC2$465
Cloud Capital Management, LLC4$0

Not filed for Q4 2025 yet (9)

Institutions that held Morningstar, Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding MORN in Q3 2025 that haven't filed for Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Cubist Systematic Strategies, LLC90,762$21.1M
Pinebridge Investments, L.P.10,505$2.44M
Point72 Hong Kong Ltd8,451$1.96M
Point72 Asia (Singapore) Pte. Ltd.6,248$1.45M
Point72 (DIFC) Ltd2,211$513.0K
Shell Asset Management Co263$61.0K
Amica Retiree Medical Trust91$21.0K
Binnacle Investments Inc38$8.82K
Hemington Wealth Management18$4.00K