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 |
|---|---|---|---|---|---|
| Procyon Private Wealth Partners, LLC | 1,792 | $389.4K | 0.02% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 1,805 | $392.2K | 0.00% | −17,927−90.9% | Reduced |
| Spectrum Asset Management, Inc. (NB/CA) | 1,819 | $395.3K | 0.13% | +4+0.2% | Added |
| Amica Mutual Insurance Co | 1,904 | $414.0K | 0.04% | +974+104.7% | Added |
| Portside Wealth Group, LLC | 1,909 | $414.8K | 0.06% | −1,830−48.9% | Reduced |
| Federated Hermes, Inc. | 1,918 | $416.8K | 0.00% | −267−12.2% | Reduced |
| Norden Group LLC | 1,922 | $417.6K | 0.04% | −2,454−56.1% | Reduced |
| Pinebridge Investments LLC | 1,922 | $417.7K | 0.00% | +1,922 | New |
| Federation des caisses Desjardins du Quebec | 1,929 | $419.2K | 0.00% | +239+14.1% | Added |
| Frank, Rimerman Advisors LLC | 1,975 | $429.2K | 0.03% | +1,975 | New |
| Index Fund Advisors, Inc. | 2,059 | $447.4K | 0.02% | −2−0.1% | Reduced |
| Krilogy Financial LLC | 2,174 | $459.2K | 0.02% | −136−5.9% | Reduced |
| Harbor Capital Advisors, Inc. | 2,140 | $465.0K | 0.04% | +411+23.8% | Added |
| Buckingham Strategic Partners | 2,168 | $471.1K | 0.01% | +917+73.3% | Added |
| Pallas Capital Advisors LLC | 2,183 | $474.4K | 0.02% | +2,183 | New |
| AlphaGrep UK Ltd | 2,199 | $477.9K | 0.16% | +2,199 | New |
| Aaron Wealth Advisors | 2,202 | $478.5K | 0.03% | +2,202 | New |
| New York Life Investment Management LLC | 2,209 | $480.0K | 0.00% | +2,209 | New |
| Deutsche Bank AG | 2,210 | $480.3K | 0.00% | −284−11.4% | Reduced |
| Chicago Partners Investment Group LLC | 2,283 | $481.5K | 0.01% | +1,172+105.5% | Added |
| Brown Advisory Inc | 2,217 | $481.9K | 0.00% | +2,217 | New |
| AdvisorShares Investments LLC | 2,220 | $482.4K | 0.08% | +2,220 | New |
| Alliance Wealth Advisors, LLC | 2,246 | $488.1K | 0.11% | −2,222−49.7% | Reduced |
| Integrated Quantitative Investments LLC | 2,285 | $496.6K | 0.11% | +2,285 | New |
| CenterBook Partners LP | 2,289 | $497.4K | 0.02% | −2,443−51.6% | Reduced |
| Commerce Bank | 2,296 | $498.9K | 0.00% | −7,748−77.1% | Reduced |
| Atria Investments LLC | 2,297 | $499.2K | 0.01% | −439−16.0% | Reduced |
| RMB Capital Management, LLC | 2,307 | $501.3K | 0.01% | +2,307 | New |
| CSS LLC | 2,320 | $504.2K | 0.03% | +2,320 | New |
| denkapparat Operations GmbH | 2,356 | $512.0K | 0.28% | +1,250+113.0% | Added |
| Planning Alternatives Ltd | 2,358 | $512.4K | 0.06% | −34−1.4% | Reduced |
| Sanctuary Advisors, LLC | 2,378 | $516.8K | 0.00% | +634+36.4% | Added |
| Blair William & Co | 2,384 | $518.1K | 0.00% | −301−11.2% | Reduced |
| EntryPoint Capital, LLC | 2,387 | $518.7K | 0.20% | 00.0% | Unchanged |
| Gibbs Wealth Management | 2,434 | $527.8K | 0.13% | −728−23.0% | Reduced |
| Axq Capital, LP | 2,436 | $529.4K | 0.12% | +2,436 | New |
| Quest Partners LLC | 2,458 | $534.1K | 0.03% | −892−26.6% | Reduced |
| Brevan Howard Capital Management LP | 2,529 | $549.6K | 0.01% | −13,775−84.5% | Reduced |
| Public Employees Retirement Association of Colorado | 2,604 | $566.0K | 0.00% | 00.0% | Unchanged |
| Syon Capital LLC | 2,704 | $587.6K | 0.03% | +1,677+163.3% | Added |
| Two Sigma Securities, LLC | 2,725 | $592.2K | 0.08% | +1,575+137.0% | Added |
| Toroso Investments, LLC | 2,835 | $614.7K | 0.00% | +373+15.2% | Added |
| Sepio Capital, LP | 2,847 | $618.7K | 0.03% | −1,160−28.9% | Reduced |
| Mackenzie Financial Corp | 2,860 | $622.3K | 0.00% | −642−18.3% | Reduced |
| Pacer Advisors, Inc. | 2,884 | $626.7K | 0.00% | −1,746−37.7% | Reduced |
| Keeler Thomas Management LLC | 2,942 | $639.3K | 0.30% | −1,421−32.6% | Reduced |
| Sequoia Financial Advisors, LLC | 2,960 | $643.2K | 0.00% | +1,899+179.0% | Added |
| Bradley Foster & Sargent Inc | 3,021 | $656.5K | 0.01% | 00.0% | Unchanged |
| Neuberger Berman Group LLC | 3,028 | $658.0K | 0.00% | −6,347−67.7% | Reduced |
| Capstone Investment Advisors, LLC | 3,049 | $662.6K | 0.01% | +3,049 | New |
| Voleon Capital Management LP | 3,142 | $682.8K | 0.01% | −15,701−83.3% | Reduced |
| Kera Capital Partners, Inc. | 3,396 | $686.3K | 0.08% | +3,396 | New |
| Advisory Services Network, LLC | 3,173 | $689.5K | 0.01% | +526+19.9% | Added |
| Callan Family Office, LLC | 3,230 | $701.9K | 0.02% | +2,234+224.3% | Added |
| R Squared Ltd | 3,241 | $704.3K | 0.33% | −324−9.1% | Reduced |
| HB Wealth Management, LLC | 3,322 | $721.9K | 0.00% | +461+16.1% | Added |
| Marshall Wace, LLP | 3,454 | $750.6K | 0.00% | +3,454 | New |
| Aigen Investment Management, LP | 3,479 | $756.0K | 0.18% | +983+39.4% | Added |
| Daiwa Securities Group Inc. | 3,501 | $761.0K | 0.00% | −8,299−70.3% | Reduced |
| Mirabella Financial Services LLP | 3,525 | $766.0K | 0.07% | +3,525 | New |
| Oak Thistle LLC | 3,535 | $768.2K | 0.11% | +3,535 | New |
| Victory Capital Management Inc | 3,538 | $768.8K | 0.00% | −5,231−59.7% | Reduced |
| Johnson Investment Counsel Inc | 3,542 | $769.7K | 0.01% | −856−19.5% | Reduced |
| Banco Bilbao Vizcaya Argentaria, S.A. | 3,661 | $795.5K | 0.01% | −764−17.3% | Reduced |
| M&T Bank Corp | 3,728 | $810.1K | 0.00% | −3,436−48.0% | Reduced |
| Xponance, Inc. | 3,739 | $812.5K | 0.01% | −489−11.6% | Reduced |
| Pictet Asset Management Holding SA | 3,881 | $843.4K | 0.00% | +235+6.4% | Added |
| Park Avenue Securities LLC | 3,922 | $852.0K | 0.01% | +1,227+45.5% | Added |
| CAPROCK Group, Inc. | 3,925 | $852.9K | 0.02% | +3,925 | New |
| Diversify Wealth Management, LLC | 4,168 | $900.1K | 0.04% | +82+2.0% | Added |
| Martin Capital Advisors, LLP | 4,202 | $913.1K | 0.54% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 4,372 | $950.1K | 0.03% | −214−4.7% | Reduced |
| Entropy Technologies, LP | 4,435 | $963.8K | 0.05% | +3,000+209.1% | Added |
| Fox Run Management, L.L.C. | 4,471 | $971.6K | 0.15% | +1,130+33.8% | Added |
| Level Four Advisory Services, LLC | 4,602 | $1.00M | 0.03% | −1,036−18.4% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 4,657 | $1.01M | 0.02% | −7,480−61.6% | Reduced |
| Tudor Investment Corp Et Al | 4,710 | $1.02M | 0.01% | −4,319−47.8% | Reduced |
| Benjamin Edwards Inc | 4,714 | $1.02M | 0.01% | +1,843+64.2% | Added |
| Oregon Public Employees Retirement Fund | 4,727 | $1.03M | 0.01% | −200−4.1% | Reduced |
| Bank of Montreal | 4,818 | $1.05M | 0.00% | −6,464−57.3% | Reduced |
| Linden Thomas Advisory Services, LLC | 4,849 | $1.05M | 0.11% | −249−4.9% | Reduced |
| Bradyco, Inc. | 4,864 | $1.06M | 1.31% | 00.0% | Unchanged |
| New Mexico Educational Retirement Board | 5,200 | $1.13M | 0.03% | 00.0% | Unchanged |
| JustInvest LLC | 5,219 | $1.13M | 0.01% | +1,440+38.1% | Added |
| Northwestern Mutual Investment Management Company, LLC | 5,337 | $1.16M | 0.01% | −116−2.1% | Reduced |
| KLP Kapitalforvaltning AS | 5,400 | $1.17M | 0.00% | −300−5.3% | Reduced |
| B. Metzler seel. Sohn & Co. AG | 5,410 | $1.18M | 0.01% | +680+14.4% | Added |
| State of Michigan Retirement System | 5,600 | $1.22M | 0.01% | −200−3.4% | Reduced |
| New York State Teachers Retirement System | 5,600 | $1.22M | 0.00% | −300−5.1% | Reduced |
| Cetera Investment Advisers | 5,864 | $1.27M | 0.00% | −212−3.5% | Reduced |
| Merit Financial Group, LLC | 5,896 | $1.28M | 0.01% | +2,815+91.4% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 5,969 | $1.30M | 0.01% | −309−4.9% | Reduced |
| Teacher Retirement System of Texas | 6,086 | $1.32M | 0.00% | −21,243−77.7% | Reduced |
| Incline Global Management LLC | 6,278 | $1.36M | 0.47% | −60,703−90.6% | Reduced |
| Alberta Investment Management Corp | 6,300 | $1.37M | 0.01% | +6,300 | New |
| Handelsbanken Fonder AB | 6,372 | $1.39M | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 6,421 | $1.40M | 0.00% | +2,599+68.0% | Added |
| Comerica Bank | 6,453 | $1.40M | 0.01% | −717−10.0% | Reduced |
| Ensign Peak Advisors, Inc | 6,475 | $1.41M | 0.00% | +2,830+77.6% | Added |
| Louisiana State Employees Retirement System | 6,600 | $1.43M | 0.02% | −200−2.9% | Reduced |