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 |
|---|---|---|---|---|---|
| Hantz Financial Services, Inc. | 219 | $48.0K | 0.00% | +132+151.7% | Added |
| CVA Family Office, LLC | 230 | $50.0K | 0.01% | +2+0.9% | Added |
| Ronald Blue Trust, Inc. | 240 | $52.2K | 0.00% | −7−2.8% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 251 | $54.7K | 0.00% | +83+49.4% | Added |
| SJS Investment Consulting Inc. | 271 | $58.9K | 0.01% | +269+13,450.0% | Added |
| Danske Bank A/S | 300 | $65.2K | 0.00% | −2,273−88.3% | Reduced |
| Fifth Third Bancorp | 312 | $67.8K | 0.00% | −72−18.8% | Reduced |
| Covestor Ltd | 316 | $69.0K | 0.04% | −186−37.1% | Reduced |
| Bokf, NA | 325 | $70.6K | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 351 | $76.3K | 0.00% | +338+2,600.0% | Added |
| GAMMA Investing LLC | 359 | $78.0K | 0.00% | +103+40.2% | Added |
| Acadian Asset Management LLC | 369 | $80.0K | 0.00% | −20,607−98.2% | Reduced |
| Rockefeller Capital Management L.P. | 387 | $84.2K | 0.00% | +34+9.6% | Added |
| Steward Partners Investment Advisory, LLC | 389 | $84.5K | 0.00% | 00.0% | Unchanged |
| Umb Bank N A | 390 | $84.8K | 0.00% | −144−27.0% | Reduced |
| North Star Investment Management Corp. | 405 | $88.0K | 0.01% | +13+3.3% | Added |
| Jones Financial Companies LLLP | 415 | $90.2K | 0.00% | +322+346.2% | Added |
| Simplex Trading, LLC | 424 | $92.1K | 0.00% | +364+606.7% | Added |
| Liontrust Investment Partners LLP | 436 | $94.7K | 0.00% | −370,722−99.9% | Reduced |
| Eurizon Capital SGR S.p.A. | 448 | $97.5K | 0.00% | +448 | New |
| Annis Gardner Whiting Capital Advisors, LLC | 458 | $99.5K | 0.02% | −106−18.8% | Reduced |
| Wexford Capital LP | 467 | $101.5K | 0.03% | +467 | New |
| Brown Brothers Harriman & Co | 508 | $110.4K | 0.00% | +221+77.0% | Added |
| Horizon Investments, LLC | 515 | $111.7K | 0.00% | +515 | New |
| Exchange Traded Concepts, LLC | 515 | $111.9K | 0.00% | +515 | New |
| Westpac Banking Corp | 518 | $112.6K | 0.01% | +518 | New |
| Sterling Capital Management LLC | 539 | $117.1K | 0.00% | +55+11.4% | Added |
| STRS Ohio | 541 | $117.6K | 0.00% | −13−2.3% | Reduced |
| IFP Advisors, Inc | 563 | $122.3K | 0.00% | +310+122.5% | Added |
| HM Payson & Co | 600 | $130.4K | 0.00% | 00.0% | Unchanged |
| Basecamp Wealth Advisors LLC | 621 | $134.9K | 0.03% | +621 | New |
| Rothschild Investment LLC | 632 | $137.3K | 0.01% | −475−42.9% | Reduced |
| KBC Group NV | 659 | $143.0K | 0.00% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 727 | $158.0K | 0.07% | −714−49.5% | Reduced |
| Allworth Financial LP | 732 | $159.1K | 0.00% | +464+173.1% | Added |
| Farther Finance Advisors, LLC | 733 | $159.4K | 0.00% | +316+75.8% | Added |
| EverSource Wealth Advisors, LLC | 819 | $178.0K | 0.01% | +384+88.3% | Added |
| Signaturefd, LLC | 861 | $187.1K | 0.00% | +550+176.8% | Added |
| The PNC Financial Services Group, Inc. | 871 | $189.3K | 0.00% | −158−15.4% | Reduced |
| Angeles Wealth Management, LLC | 929 | $201.9K | 0.01% | +2+0.2% | Added |
| Essential Partners LLC | 931 | $202.3K | 0.06% | +404+76.7% | Added |
| Sentinus, LLC | 945 | $205.4K | 0.02% | +945 | New |
| Tower Research Capital LLC (TRC) | 946 | $205.6K | 0.00% | −1,014−51.7% | Reduced |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 948 | $206.0K | 0.00% | +948 | New |
| Cadent Capital Advisors, LLC | 955 | $207.5K | 0.05% | −155−14.0% | Reduced |
| ProShare Advisors LLC | 956 | $207.7K | 0.00% | −84−8.1% | Reduced |
| Transcend Wealth Collective, LLC | 990 | $215.1K | 0.02% | +990 | New |
| ISAM Funds (UK) Ltd | 1,000 | $217.3K | 0.08% | −1,358−57.6% | Reduced |
| Blueshift Asset Management, LLC | 1,005 | $218.4K | 0.06% | +1,005 | New |
| QRG Capital Management, Inc. | 1,080 | $234.7K | 0.00% | −47−4.2% | Reduced |
| Integrated Wealth Concepts LLC | 1,081 | $234.9K | 0.00% | +1,081 | New |
| Connecticut Capital Management Group, LLC | 1,125 | $244.5K | 0.23% | +1,125 | New |
| Ethic Inc. | 1,132 | $246.0K | 0.00% | +113+11.1% | Added |
| GWM Advisors LLC | 1,133 | $246.2K | 0.00% | +1,055+1,352.6% | Added |
| Camden Capital, LLC | 1,134 | $246.5K | 0.02% | +1,134 | New |
| Capital Investment Counsel, Inc | 1,150 | $249.9K | 0.03% | 00.0% | Unchanged |
| Great Valley Advisor Group, Inc. | 1,176 | $255.6K | 0.00% | −216−15.5% | Reduced |
| Swiss Life Asset Management Ltd | 1,205 | $261.9K | 0.00% | −59−4.7% | Reduced |
| Quadrant Capital Group LLC | 1,231 | $267.5K | 0.01% | −2,290−65.0% | Reduced |
| Utah Retirement Systems | 1,243 | $270.1K | 0.00% | 00.0% | Unchanged |
| Maryland State Retirement & Pension System | 1,247 | $271.0K | 0.01% | 00.0% | Unchanged |
| Versant Capital Management, Inc | 1,247 | $271.0K | 0.03% | +1,038+496.7% | Added |
| State of Wyoming | 1,248 | $271.2K | 0.03% | +1,044+511.8% | Added |
| Waddell & Associates, LLC | 1,273 | $276.6K | 0.02% | +1,273 | New |
| Machina Capital S.A.S. | 1,275 | $277.1K | 0.05% | −1,781−58.3% | Reduced |
| Caerus Investment Advisors, LLC | 1,297 | $281.9K | 0.09% | +1,297 | New |
| Allspring Global Investments Holdings, LLC | 1,321 | $285.1K | 0.00% | +1,321 | New |
| Skopos Labs, Inc. | 1,316 | $288.2K | 0.01% | +1,316 | New |
| Greenleaf Trust | 1,340 | $291.2K | 0.00% | +1,340 | New |
| CIBC Asset Management Inc | 1,355 | $294.5K | 0.00% | 00.0% | Unchanged |
| Welch & Forbes LLC | 1,359 | $295.3K | 0.00% | −15−1.1% | Reduced |
| TCG Advisory Services, LLC | 1,365 | $296.6K | 0.01% | +1,365 | New |
| Evergreen Capital Management LLC | 1,388 | $301.6K | 0.01% | +120+9.5% | Added |
| SummitTX Capital, L.P. | 1,393 | $302.7K | 0.01% | +1,393 | New |
| Amundi | 1,398 | $303.8K | 0.00% | +1,398 | New |
| Wiley Bros.-Aintree Capital, LLC | 1,401 | $307.4K | 0.00% | −1,771−55.8% | Reduced |
| Altfest L J & Co Inc | 1,423 | $309.2K | 0.03% | +1,423 | New |
| Verdence Capital Advisors LLC | 1,423 | $309.3K | 0.02% | +54+3.9% | Added |
| Parallel Advisors, LLC | 1,427 | $310.1K | 0.01% | +377+35.9% | Added |
| Inscription Capital, LLC | 1,451 | $315.3K | 0.03% | +1,451 | New |
| Sivia Capital Partners, LLC | 1,469 | $319.2K | 0.06% | +1,469 | New |
| Connable Office Inc | 1,470 | $319.4K | 0.03% | 00.0% | Unchanged |
| Azzad Asset Management Inc | 1,473 | $320.1K | 0.03% | +1,473 | New |
| Legato Capital Management LLC | 1,485 | $322.7K | 0.03% | +1,485 | New |
| Dempze Nancy E | 1,494 | $324.7K | 0.17% | 00.0% | Unchanged |
| AlphaCore Capital LLC | 1,535 | $333.6K | 0.01% | +1,535 | New |
| Franklin Resources Inc | 1,564 | $339.9K | 0.00% | −17−1.1% | Reduced |
| Baker Avenue Asset Management, LP | 1,621 | $352.3K | 0.01% | +1,621 | New |
| Ballentine Partners, LLC | 1,636 | $355.5K | 0.00% | −296−15.3% | Reduced |
| J.W. Cole Advisors, Inc. | 1,645 | $357.5K | 0.01% | −245−13.0% | Reduced |
| Andina Capital Management, LLC | 1,662 | $361.2K | 0.22% | +62+3.9% | Added |
| Diversify Advisory Services, LLC | 1,728 | $369.6K | 0.01% | +87+5.3% | Added |
| Personal Cfo Solutions, LLC | 1,704 | $370.3K | 0.06% | +804+89.3% | Added |
| Principal Securities, Inc. | 1,708 | $371.2K | 0.01% | +659+62.8% | Added |
| O'Shaughnessy Asset Management, LLC | 1,724 | $374.6K | 0.00% | −428−19.9% | Reduced |
| Securian Asset Management, Inc | 1,732 | $376.4K | 0.01% | −100−5.5% | Reduced |
| CIBC Private Wealth Group, LLC | 1,738 | $377.7K | 0.00% | −2,379−57.8% | Reduced |
| American Century Companies Inc | 1,766 | $383.8K | 0.00% | −18,571−91.3% | Reduced |
| Fieldview Capital Management, LLC | 1,784 | $387.7K | 0.07% | +1,784 | New |
| Kestra Advisory Services, LLC | 1,792 | $389.4K | 0.00% | +586+48.6% | Added |