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 |
|---|---|---|---|---|---|
| Cooper Investors Pty Ltd | 31,887 | $6.93M | 2.30% | +902+2.9% | Added |
| Bank of Nova Scotia | 34,200 | $7.43M | 0.01% | +29,600+643.5% | Added |
| Squarepoint Ops LLC | 34,267 | $7.45M | 0.02% | −12,968−27.5% | Reduced |
| Thrivent Financial for Lutherans | 35,185 | $7.63M | 0.01% | +22,459+176.5% | Added |
| Ci Investments Inc. | 35,128 | $7.63M | 0.03% | −10,400−22.8% | Reduced |
| California Public Employees Retirement System | 35,469 | $7.71M | 0.00% | +908+2.6% | Added |
| Verition Fund Management LLC | 37,343 | $8.12M | 0.04% | +17,459+87.8% | Added |
| Panagora Asset Management Inc | 38,809 | $8.43M | 0.03% | −19,278−33.2% | Reduced |
| Legal & General Group Plc | 39,093 | $8.50M | 0.00% | −7,596−16.3% | Reduced |
| Prudential Financial Inc | 42,164 | $9.19M | 0.01% | −5,936−12.3% | Reduced |
| Sone Capital Management, LLC | 43,658 | $9.49M | 0.77% | +4,432+11.3% | Added |
| Susquehanna International Group, LLP | 48,266 | $10.5M | 0.01% | +4,589+10.5% | Added |
| Algert Global LLC | 48,957 | $10.6M | 0.17% | −1,082−2.2% | Reduced |
| Swiss National Bank | 50,000 | $10.9M | 0.01% | −3,300−6.2% | Reduced |
| Jump Financial, LLC | 50,467 | $11.0M | 0.14% | +17,199+51.7% | Added |
| Ieq Capital, LLC | 51,607 | $11.2M | 0.03% | +44,938+673.8% | Added |
| Barlow Wealth Partners, Inc. | 55,533 | $12.0M | 1.30% | −1,942−3.4% | Reduced |
| Premier Fund Managers Ltd | 56,272 | $12.3M | 0.71% | −34,320−37.9% | Reduced |
| Janus Henderson Group PLC | 57,589 | $12.5M | 0.01% | +13,060+29.3% | Added |
| Meeder Asset Management Inc | 57,697 | $12.5M | 0.68% | +1,901+3.4% | Added |
| SEI Investments Co | 59,267 | $12.9M | 0.01% | −23,664−28.5% | Reduced |
| Capital Fund Management S.A. | 61,209 | $13.3M | 0.13% | +30,498+99.3% | Added |
| Rhumbline Advisers | 63,229 | $13.7M | 0.01% | −2,025−3.1% | Reduced |
| First Trust Advisors LP | 64,175 | $13.9M | 0.01% | +54,785+583.4% | Added |
| UBS Asset Management Americas Inc | 69,032 | $15.0M | 0.00% | −5,719−7.7% | Reduced |
| Chicago Capital, LLC | 69,041 | $15.0M | 0.37% | −1,001−1.4% | Reduced |
| Confluence Investment Management LLC | 71,033 | $15.4M | 0.23% | +10,794+17.9% | Added |
| Nuveen, LLC | 71,087 | $15.4M | 0.00% | −42,206−37.3% | Reduced |
| Congress Asset Management Co | 74,541 | $16.2M | 0.11% | +8,424+12.7% | Added |
| Nordea Investment Management AB | 76,524 | $16.7M | 0.01% | −11,584−13.1% | Reduced |
| Engineers Gate Manager LP | 78,179 | $17.0M | 0.20% | +20,660+35.9% | Added |
| Envestnet Asset Management Inc | 85,973 | $18.7M | 0.01% | −24,912−22.5% | Reduced |
| Principal Financial Group Inc | 88,071 | $19.1M | 0.01% | −3,084−3.4% | Reduced |
| Gotham Asset Management, LLC | 100,283 | $21.8M | 0.08% | +76,097+314.6% | Added |
| Copeland Capital Management, LLC | 105,282 | $22.9M | 0.51% | +17,378+19.8% | Added |
| American Capital Management Inc | 113,064 | $24.6M | 1.08% | +13,867+14.0% | Added |
| Goldman Sachs Group Inc | 113,822 | $24.7M | 0.00% | +15,366+15.6% | Added |
| HRT Financial LP | 128,956 | $28.0M | 0.09% | +30,682+31.2% | Added |
| Colony Group, LLC | 136,904 | $29.8M | 0.03% | +8,049+6.2% | Added |
| Royce & Associates LP | 143,011 | $31.1M | 0.32% | +3,635+2.6% | Added |
| DF Dent & Co Inc | 145,591 | $31.6M | 0.46% | −53,994−27.1% | Reduced |
| Point72 Asset Management, L.P. | 145,917 | $31.7M | 0.05% | +94,996+186.6% | Added |
| FMR LLC | 149,019 | $32.4M | 0.00% | −44,424−23.0% | Reduced |
| Schroder Investment Management Group | 150,872 | $32.9M | 0.02% | −17,369−10.3% | Reduced |
| M&G Plc | 156,247 | $33.9M | 0.17% | +1,113+0.7% | Added |
| Bank of America Corp | 164,311 | $35.7M | 0.00% | +4,727+3.0% | Added |
| Bank of New York Mellon Corp | 169,957 | $36.9M | 0.01% | −13,695−7.5% | Reduced |
| Northern Trust Corp | 176,610 | $38.4M | 0.00% | −15,371−8.0% | Reduced |
| Kayne Anderson Rudnick Investment Management LLC | 187,931 | $40.8M | 0.11% | −577,532−75.4% | Reduced |
| Quantinno Capital Management LP | 188,764 | $41.0M | 0.08% | +134,195+245.9% | Added |
| Charles Schwab Investment Management Inc | 189,925 | $41.3M | 0.01% | +8,486+4.7% | Added |
| Voloridge Investment Management, LLC | 226,605 | $49.2M | 0.17% | +39,477+21.1% | Added |
| Qube Research & Technologies Ltd | 242,288 | $52.7M | 0.08% | +41,847+20.9% | Added |
| Invesco Ltd. | 271,999 | $59.1M | 0.01% | −24,303−8.2% | Reduced |
| Arrowstreet Capital, Limited Partnership | 285,098 | $62.0M | 0.04% | −5,523−1.9% | Reduced |
| Norges Bank | 286,994 | $62.4M | 0.01% | +286,994 | New |
| UBS Group AG | 295,347 | $64.2M | 0.01% | +138,605+88.4% | Added |
| Renaissance Technologies LLC | 323,770 | $70.4M | 0.11% | −137,000−29.7% | Reduced |
| Wasatch Advisors Inc | 336,065 | $73.0M | 0.43% | −35,818−9.6% | Reduced |
| Millennium Management LLC | 343,833 | $74.7M | 0.05% | +45,092+15.1% | Added |
| Two Sigma Advisers, LP | 354,200 | $77.0M | 0.15% | +193,400+120.3% | Added |
| Massachusetts Financial Services Co | 361,687 | $78.6M | 0.03% | −89,555−19.8% | Reduced |
| JPMorgan Chase & Co | 365,560 | $79.4M | 0.01% | +47,082+14.8% | Added |
| Two Sigma Investments, LP | 382,454 | $83.1M | 0.12% | +96,279+33.6% | Added |
| Jane Street Group, LLC | 424,271 | $92.2M | 0.11% | +299,672+240.5% | Added |
| Dimensional Fund Advisors LP | 471,971 | $102.6M | 0.02% | +51,844+12.3% | Added |
| Geode Capital Management, LLC | 596,982 | $129.8M | 0.01% | −18,813−3.1% | Reduced |
| State Street Corp | 746,907 | $162.3M | 0.01% | −16,316−2.1% | Reduced |
| AQR Capital Management LLC | 900,297 | $195.6M | 0.10% | +292,053+48.0% | Added |
| Wellington Management Group LLP | 1,136,213 | $246.9M | 0.04% | +523,387+85.4% | Added |
| Bamco Inc | 1,241,794 | $269.9M | 0.73% | −172,511−12.2% | Reduced |
| Select Equity Group, L.P. | 1,522,492 | $330.9M | 1.54% | −581,210−27.6% | Reduced |
| Morgan Stanley | 2,006,325 | $436.0M | 0.03% | +47,360+2.4% | Added |
| BlackRock, Inc. | 2,363,201 | $513.5M | 0.01% | −31,627−1.3% | Reduced |
| Vanguard Group Inc | 2,374,364 | $516.0M | 0.01% | −235,971−9.0% | Reduced |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −84,318−100.0% | Sold out |
| Parnassus Investments | 0 | $0 | 0.00% | −42,488−100.0% | Sold out |
| Holocene Advisors, LP | 0 | $0 | 0.00% | −34,241−100.0% | Sold out |
| Magnetar Financial LLC | 0 | $0 | 0.00% | −28,188−100.0% | Sold out |
| Touchstone Capital, Inc. | 0 | $0 | 0.00% | −26,228−100.0% | Sold out |
| Sea Cliff Partners Management, LP | 0 | $0 | 0.00% | −26,000−100.0% | Sold out |
| Marks Group Wealth Management, Inc | 0 | $0 | 0.00% | −22,767−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −22,747−100.0% | Sold out |
| Annandale Capital, LLC | 0 | $0 | 0.00% | −20,084−100.0% | Sold out |
| 1832 Asset Management L.P. | 0 | $0 | 0.00% | −16,800−100.0% | Sold out |
| Gallo Partners, LP | 0 | $0 | 0.00% | −13,326−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −9,300−100.0% | Sold out |
| Globeflex Capital L P | 0 | $0 | 0.00% | −8,835−100.0% | Sold out |
| Intech Investment Management LLC | 0 | $0 | 0.00% | −7,383−100.0% | Sold out |
| Ashford Capital Management Inc | 0 | $0 | 0.00% | −6,648−100.0% | Sold out |
| Oddo BHF Asset Management SAS | 0 | $0 | 0.00% | −5,920−100.0% | Sold out |
| Grandeur Peak Global Advisors, LLC | 0 | $0 | 0.00% | −4,766−100.0% | Sold out |
| Susquehanna Portfolio Strategies, LLC | 0 | $0 | 0.00% | −4,621−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −4,557−100.0% | Sold out |
| Atom Investors LP | 0 | $0 | 0.00% | −3,863−100.0% | Sold out |
| Accretive Wealth Partners, LLC | 0 | $0 | 0.00% | −3,750−100.0% | Sold out |
| Summit Wealth Group LLC | 0 | $0 | 0.00% | −3,683−100.0% | Sold out |
| Polymer Capital Management (US) LLC | 0 | $0 | 0.00% | −3,639−100.0% | Sold out |
| Farringdon Capital, Ltd. | 0 | $0 | 0.00% | −3,601−100.0% | Sold out |
| Freestone Grove Partners LP | 0 | $0 | 0.00% | −3,140−100.0% | Sold out |