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 |
|---|---|---|---|---|---|
| Public Employees Retirement System of Ohio | 6,957 | $1.51M | 0.00% | −421−5.7% | Reduced |
| Yousif Capital Management, LLC | 7,350 | $1.52M | 0.02% | −301−3.9% | Reduced |
| Empire Life Investments Inc. | 7,061 | $1.53M | 0.09% | +18+0.3% | Added |
| Arizona State Retirement System | 7,090 | $1.54M | 0.01% | −1,026−12.6% | Reduced |
| Kensington Investment Counsel, LLC | 7,100 | $1.54M | 0.63% | −2,474−25.8% | Reduced |
| Oppenheimer Asset Management Inc. | 7,304 | $1.59M | 0.02% | −1,694−18.8% | Reduced |
| Bright Rock Capital Management, LLC | 7,500 | $1.63M | 0.32% | 00.0% | Unchanged |
| Redmond Asset Management, LLC | 7,555 | $1.64M | 0.42% | +27+0.4% | Added |
| Loomis Sayles & Co L P | 7,631 | $1.66M | 0.00% | 00.0% | Unchanged |
| Epoch Investment Partners, Inc. | 7,631 | $1.66M | 0.01% | +7,631 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 7,674 | $1.67M | 0.00% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 7,726 | $1.68M | 0.01% | −369−4.6% | Reduced |
| Teachers Retirement System of the State of Kentucky | 7,770 | $1.69M | 0.01% | 00.0% | Unchanged |
| OP Asset Management Ltd | 7,828 | $1.70M | 0.02% | 00.0% | Unchanged |
| Truist Financial Corp | 7,907 | $1.72M | 0.00% | +2,561+47.9% | Added |
| US Bancorp | 7,969 | $1.73M | 0.00% | +187+2.4% | Added |
| Ceera Investments, LLC | 8,101 | $1.76M | 0.68% | −835−9.3% | Reduced |
| Occudo Quantitative Strategies LP | 8,227 | $1.79M | 0.12% | +6,684+433.2% | Added |
| Russell Investments Group, Ltd. | 8,453 | $1.84M | 0.00% | −3,613−29.9% | Reduced |
| Jefferies Financial Group Inc. | 8,499 | $1.85M | 0.02% | +5,992+239.0% | Added |
| Summit Trail Advisors, LLC | 8,519 | $1.85M | 0.03% | +4,548+114.5% | Added |
| Royal Bank of Canada | 8,747 | $1.90M | 0.00% | −25,720−74.6% | Reduced |
| Dearborn Partners LLC | 8,755 | $1.90M | 0.10% | −789−8.3% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 8,764 | $1.91M | 0.00% | +1,901+27.7% | Added |
| State of Wisconsin Investment Board | 8,907 | $1.94M | 0.00% | +1,334+17.6% | Added |
| State of Tennessee, Treasury Department | 10,031 | $2.03M | 0.01% | −429−4.1% | Reduced |
| Treasurer of the State of North Carolina | 9,475 | $2.06M | 0.01% | −952−9.1% | Reduced |
| Man Group plc | 9,536 | $2.07M | 0.00% | −1,287−11.9% | Reduced |
| Aurora Investment Counsel | 9,596 | $2.09M | 1.10% | +5,786+151.9% | Added |
| YHB Investment Advisors, Inc. | 9,682 | $2.10M | 0.15% | −1,532−13.7% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 9,764 | $2.12M | 0.02% | −567−5.5% | Reduced |
| HSBC Holdings PLC | 9,920 | $2.16M | 0.00% | −17,774−64.2% | Reduced |
| Mutual of America Capital Management LLC | 9,928 | $2.16M | 0.02% | −1,370−12.1% | Reduced |
| Mercer Global Advisors Inc | 10,061 | $2.19M | 0.00% | +6,084+153.0% | Added |
| Dark Forest Capital Management LP | 10,071 | $2.19M | 0.10% | −15,186−60.1% | Reduced |
| LPL Financial LLC | 10,184 | $2.21M | 0.00% | +1,474+16.9% | Added |
| State of New Jersey Common Pension Fund D | 10,278 | $2.23M | 0.01% | +2,055+25.0% | Added |
| Motley Fool Asset Management LLC | 10,339 | $2.25M | 0.09% | −8,216−44.3% | Reduced |
| Schonfeld Strategic Advisors LLC | 10,712 | $2.33M | 0.01% | −13,533−55.8% | Reduced |
| Amalgamated Bank | 11,015 | $2.39M | 0.02% | −720−6.1% | Reduced |
| Redwood Investment Management, LLC | 11,047 | $2.40M | 0.27% | +11,047 | New |
| Wealth Enhancement Advisory Services, LLC | 11,200 | $2.42M | 0.00% | +5,759+105.8% | Added |
| Captrust Financial Advisors | 11,545 | $2.51M | 0.00% | −55,067−82.7% | Reduced |
| Voya Investment Management LLC | 11,686 | $2.54M | 0.00% | −279−2.3% | Reduced |
| Numerai GP LLC | 11,688 | $2.54M | 0.31% | +8,241+239.1% | Added |
| Fluent Financial, LLC | 11,691 | $2.54M | 0.97% | +11,691 | New |
| Lazard Asset Management LLC | 11,917 | $2.59M | 0.00% | −53,900−81.9% | Reduced |
| Quantbot Technologies LP | 12,174 | $2.65M | 0.09% | +6,545+116.3% | Added |
| MetLife Investment Management | 12,376 | $2.69M | 0.01% | −922−6.9% | Reduced |
| Citigroup Inc | 12,386 | $2.69M | 0.00% | −13,051−51.3% | Reduced |
| Headlands Technologies LLC | 12,403 | $2.70M | 0.22% | −6,476−34.3% | Reduced |
| Henshaw Capital LLC | 12,510 | $2.72M | 0.10% | +27+0.2% | Added |
| New York State Common Retirement Fund | 12,641 | $2.75M | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 12,816 | $2.79M | 0.01% | +1,938+17.8% | Added |
| Southeast Asset Advisors Inc. | 12,841 | $2.79M | 0.26% | −54−0.4% | Reduced |
| HighTower Advisors, LLC | 12,914 | $2.81M | 0.00% | −830−6.0% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 13,035 | $2.83M | 0.01% | −4,648−26.3% | Reduced |
| Cardinal Capital Management | 13,043 | $2.83M | 0.38% | −859−6.2% | Reduced |
| MML Investors Services, LLC | 13,251 | $2.88M | 0.01% | +5,047+61.5% | Added |
| Stifel Financial Corp | 13,483 | $2.93M | 0.00% | −1,362−9.2% | Reduced |
| Natixis Advisors, L.P. | 13,711 | $2.98M | 0.00% | +13,711 | New |
| Kornitzer Capital Management Inc | 13,827 | $3.00M | 0.06% | −9,449−40.6% | Reduced |
| New Age Alpha Advisors, LLC | 14,056 | $3.05M | 0.13% | +8,398+148.4% | Added |
| Vident Advisory, LLC | 14,429 | $3.14M | 0.03% | +627+4.5% | Added |
| SG Americas Securities, LLC | 15,090 | $3.28M | 0.00% | +11,868+368.3% | Added |
| Jain Global LLC | 15,612 | $3.39M | 0.03% | −1,617−9.4% | Reduced |
| MidFirst Bank | 15,647 | $3.40M | 0.27% | +15,647 | New |
| Allianz Asset Management GmbH | 16,593 | $3.61M | 0.00% | −157−0.9% | Reduced |
| Cerity Partners LLC | 16,678 | $3.62M | 0.01% | +9,524+133.1% | Added |
| State of Alaska, Department of Revenue | 16,948 | $3.68M | 0.04% | −300−1.7% | Reduced |
| Mariner, LLC | 16,979 | $3.69M | 0.00% | +10,222+151.3% | Added |
| Berkeley, Inc | 17,382 | $3.78M | 1.20% | +17,382 | New |
| Manufacturers Life Insurance Company, The | 17,784 | $3.86M | 0.00% | −752−4.1% | Reduced |
| Advisor Group Holdings, Inc. | 17,813 | $3.87M | 0.01% | −1,094−5.8% | Reduced |
| Great West Life Assurance Co | 18,268 | $3.97M | 0.01% | −1,167−6.0% | Reduced |
| Canada Pension Plan Investment Board | 18,900 | $4.11M | 0.00% | −38,700−67.2% | Reduced |
| BNP Paribas Arbitrage, SA | 19,761 | $4.29M | 0.00% | +2,977+17.7% | Added |
| Ameriprise Financial Inc | 19,781 | $4.30M | 0.00% | −1,813−8.4% | Reduced |
| Crawford Fund Management, LLC | 20,300 | $4.41M | 1.41% | +20,300 | New |
| Trexquant Investment LP | 20,323 | $4.42M | 0.04% | +16,284+403.2% | Added |
| Van Eck Associates Corp | 21,192 | $4.61M | 0.00% | −647−3.0% | Reduced |
| CI Private Wealth, LLC | 21,531 | $4.68M | 0.01% | +1,401+7.0% | Added |
| Price T Rowe Associates Inc | 21,777 | $4.73M | 0.00% | −45,724−67.7% | Reduced |
| State Board of Administration of Florida Retirement System | 22,680 | $4.93M | 0.01% | −860−3.7% | Reduced |
| Wells Fargo & Company | 22,763 | $4.95M | 0.00% | −50,481−68.9% | Reduced |
| D. E. Shaw & Co., Inc. | 22,767 | $4.95M | 0.00% | −6,612−22.5% | Reduced |
| United Capital Financial Advisers, LLC | 23,144 | $5.03M | 0.03% | −2,217−8.7% | Reduced |
| Barclays PLC | 23,252 | $5.05M | 0.00% | −17,802−43.4% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 23,600 | $5.13M | 0.01% | −12,598−34.8% | Reduced |
| Segall Bryant & Hamill, LLC | 23,846 | $5.18M | 0.07% | −5,724−19.4% | Reduced |
| California State Teachers Retirement System | 25,407 | $5.52M | 0.01% | −77−0.3% | Reduced |
| Alliancebernstein L.P. | 26,216 | $5.70M | 0.00% | −5,675−17.8% | Reduced |
| Nicholas Company, Inc. | 26,315 | $5.72M | 0.10% | −30,260−53.5% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 26,844 | $5.83M | 0.01% | +10,097+60.3% | Added |
| Worldquant Millennium Advisors LLC | 28,125 | $6.11M | 0.02% | +16,537+142.7% | Added |
| Retirement Systems of Alabama | 28,629 | $6.22M | 0.02% | −948−3.2% | Reduced |
| Creative Planning | 29,578 | $6.43M | 0.00% | +21,652+273.2% | Added |
| Winton Group Ltd | 30,067 | $6.53M | 0.23% | +30,067 | New |
| XTX Topco Ltd | 30,112 | $6.54M | 0.17% | +27,392+1,007.1% | Added |
| Raymond James Financial Inc | 30,778 | $6.69M | 0.00% | +17,417+130.4% | Added |