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 |
|---|---|---|---|---|---|
| Great West Life Assurance Co | 18,268 | $3.97M | 0.01% | −1,167−6.0% | Reduced |
| Advisor Group Holdings, Inc. | 17,813 | $3.87M | 0.01% | −1,094−5.8% | Reduced |
| Manufacturers Life Insurance Company, The | 17,784 | $3.86M | 0.00% | −752−4.1% | Reduced |
| Berkeley, Inc | 17,382 | $3.78M | 1.20% | +17,382 | New |
| Mariner, LLC | 16,979 | $3.69M | 0.00% | +10,222+151.3% | Added |
| State of Alaska, Department of Revenue | 16,948 | $3.68M | 0.04% | −300−1.7% | Reduced |
| Cerity Partners LLC | 16,678 | $3.62M | 0.01% | +9,524+133.1% | Added |
| Allianz Asset Management GmbH | 16,593 | $3.61M | 0.00% | −157−0.9% | Reduced |
| MidFirst Bank | 15,647 | $3.40M | 0.27% | +15,647 | New |
| Jain Global LLC | 15,612 | $3.39M | 0.03% | −1,617−9.4% | Reduced |
| SG Americas Securities, LLC | 15,090 | $3.28M | 0.00% | +11,868+368.3% | Added |
| Vident Advisory, LLC | 14,429 | $3.14M | 0.03% | +627+4.5% | Added |
| New Age Alpha Advisors, LLC | 14,056 | $3.05M | 0.13% | +8,398+148.4% | Added |
| Kornitzer Capital Management Inc | 13,827 | $3.00M | 0.06% | −9,449−40.6% | Reduced |
| Natixis Advisors, L.P. | 13,711 | $2.98M | 0.00% | +13,711 | New |
| Stifel Financial Corp | 13,483 | $2.93M | 0.00% | −1,362−9.2% | Reduced |
| MML Investors Services, LLC | 13,251 | $2.88M | 0.01% | +5,047+61.5% | Added |
| Cardinal Capital Management | 13,043 | $2.83M | 0.38% | −859−6.2% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 13,035 | $2.83M | 0.01% | −4,648−26.3% | Reduced |
| HighTower Advisors, LLC | 12,914 | $2.81M | 0.00% | −830−6.0% | Reduced |
| Southeast Asset Advisors Inc. | 12,841 | $2.79M | 0.26% | −54−0.4% | Reduced |
| CWM, LLC | 12,816 | $2.79M | 0.01% | +1,938+17.8% | Added |
| New York State Common Retirement Fund | 12,641 | $2.75M | 0.00% | 00.0% | Unchanged |
| Henshaw Capital LLC | 12,510 | $2.72M | 0.10% | +27+0.2% | Added |
| Headlands Technologies LLC | 12,403 | $2.70M | 0.22% | −6,476−34.3% | Reduced |
| Citigroup Inc | 12,386 | $2.69M | 0.00% | −13,051−51.3% | Reduced |
| MetLife Investment Management | 12,376 | $2.69M | 0.01% | −922−6.9% | Reduced |
| Quantbot Technologies LP | 12,174 | $2.65M | 0.09% | +6,545+116.3% | Added |
| Lazard Asset Management LLC | 11,917 | $2.59M | 0.00% | −53,900−81.9% | Reduced |
| Fluent Financial, LLC | 11,691 | $2.54M | 0.97% | +11,691 | New |
| Numerai GP LLC | 11,688 | $2.54M | 0.31% | +8,241+239.1% | Added |
| Voya Investment Management LLC | 11,686 | $2.54M | 0.00% | −279−2.3% | Reduced |
| Captrust Financial Advisors | 11,545 | $2.51M | 0.00% | −55,067−82.7% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 11,200 | $2.42M | 0.00% | +5,759+105.8% | Added |
| Redwood Investment Management, LLC | 11,047 | $2.40M | 0.27% | +11,047 | New |
| Amalgamated Bank | 11,015 | $2.39M | 0.02% | −720−6.1% | Reduced |
| Schonfeld Strategic Advisors LLC | 10,712 | $2.33M | 0.01% | −13,533−55.8% | Reduced |
| Motley Fool Asset Management LLC | 10,339 | $2.25M | 0.09% | −8,216−44.3% | Reduced |
| State of New Jersey Common Pension Fund D | 10,278 | $2.23M | 0.01% | +2,055+25.0% | Added |
| LPL Financial LLC | 10,184 | $2.21M | 0.00% | +1,474+16.9% | Added |
| Dark Forest Capital Management LP | 10,071 | $2.19M | 0.10% | −15,186−60.1% | Reduced |
| Mercer Global Advisors Inc | 10,061 | $2.19M | 0.00% | +6,084+153.0% | Added |
| Mutual of America Capital Management LLC | 9,928 | $2.16M | 0.02% | −1,370−12.1% | Reduced |
| HSBC Holdings PLC | 9,920 | $2.16M | 0.00% | −17,774−64.2% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 9,764 | $2.12M | 0.02% | −567−5.5% | Reduced |
| YHB Investment Advisors, Inc. | 9,682 | $2.10M | 0.15% | −1,532−13.7% | Reduced |
| Aurora Investment Counsel | 9,596 | $2.09M | 1.10% | +5,786+151.9% | Added |
| Man Group plc | 9,536 | $2.07M | 0.00% | −1,287−11.9% | Reduced |
| Treasurer of the State of North Carolina | 9,475 | $2.06M | 0.01% | −952−9.1% | Reduced |
| State of Tennessee, Treasury Department | 10,031 | $2.03M | 0.01% | −429−4.1% | Reduced |
| State of Wisconsin Investment Board | 8,907 | $1.94M | 0.00% | +1,334+17.6% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 8,764 | $1.91M | 0.00% | +1,901+27.7% | Added |
| Dearborn Partners LLC | 8,755 | $1.90M | 0.10% | −789−8.3% | Reduced |
| Royal Bank of Canada | 8,747 | $1.90M | 0.00% | −25,720−74.6% | Reduced |
| Summit Trail Advisors, LLC | 8,519 | $1.85M | 0.03% | +4,548+114.5% | Added |
| Jefferies Financial Group Inc. | 8,499 | $1.85M | 0.02% | +5,992+239.0% | Added |
| Russell Investments Group, Ltd. | 8,453 | $1.84M | 0.00% | −3,613−29.9% | Reduced |
| Occudo Quantitative Strategies LP | 8,227 | $1.79M | 0.12% | +6,684+433.2% | Added |
| Ceera Investments, LLC | 8,101 | $1.76M | 0.68% | −835−9.3% | Reduced |
| US Bancorp | 7,969 | $1.73M | 0.00% | +187+2.4% | Added |
| Truist Financial Corp | 7,907 | $1.72M | 0.00% | +2,561+47.9% | Added |
| OP Asset Management Ltd | 7,828 | $1.70M | 0.02% | 00.0% | Unchanged |
| Teachers Retirement System of the State of Kentucky | 7,770 | $1.69M | 0.01% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 7,726 | $1.68M | 0.01% | −369−4.6% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 7,674 | $1.67M | 0.00% | 00.0% | Unchanged |
| 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 |
| Redmond Asset Management, LLC | 7,555 | $1.64M | 0.42% | +27+0.4% | Added |
| Bright Rock Capital Management, LLC | 7,500 | $1.63M | 0.32% | 00.0% | Unchanged |
| Oppenheimer Asset Management Inc. | 7,304 | $1.59M | 0.02% | −1,694−18.8% | Reduced |
| Kensington Investment Counsel, LLC | 7,100 | $1.54M | 0.63% | −2,474−25.8% | Reduced |
| Arizona State Retirement System | 7,090 | $1.54M | 0.01% | −1,026−12.6% | Reduced |
| Empire Life Investments Inc. | 7,061 | $1.53M | 0.09% | +18+0.3% | Added |
| Yousif Capital Management, LLC | 7,350 | $1.52M | 0.02% | −301−3.9% | Reduced |
| Public Employees Retirement System of Ohio | 6,957 | $1.51M | 0.00% | −421−5.7% | Reduced |
| Louisiana State Employees Retirement System | 6,600 | $1.43M | 0.02% | −200−2.9% | Reduced |
| Ensign Peak Advisors, Inc | 6,475 | $1.41M | 0.00% | +2,830+77.6% | Added |
| Comerica Bank | 6,453 | $1.40M | 0.01% | −717−10.0% | Reduced |
| Bessemer Group Inc | 6,421 | $1.40M | 0.00% | +2,599+68.0% | Added |
| Handelsbanken Fonder AB | 6,372 | $1.39M | 0.00% | 00.0% | Unchanged |
| Alberta Investment Management Corp | 6,300 | $1.37M | 0.01% | +6,300 | New |
| Incline Global Management LLC | 6,278 | $1.36M | 0.47% | −60,703−90.6% | Reduced |
| Teacher Retirement System of Texas | 6,086 | $1.32M | 0.00% | −21,243−77.7% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 5,969 | $1.30M | 0.01% | −309−4.9% | Reduced |
| Merit Financial Group, LLC | 5,896 | $1.28M | 0.01% | +2,815+91.4% | Added |
| Cetera Investment Advisers | 5,864 | $1.27M | 0.00% | −212−3.5% | Reduced |
| New York State Teachers Retirement System | 5,600 | $1.22M | 0.00% | −300−5.1% | Reduced |
| State of Michigan Retirement System | 5,600 | $1.22M | 0.01% | −200−3.4% | Reduced |
| B. Metzler seel. Sohn & Co. AG | 5,410 | $1.18M | 0.01% | +680+14.4% | Added |
| KLP Kapitalforvaltning AS | 5,400 | $1.17M | 0.00% | −300−5.3% | Reduced |
| Northwestern Mutual Investment Management Company, LLC | 5,337 | $1.16M | 0.01% | −116−2.1% | Reduced |
| JustInvest LLC | 5,219 | $1.13M | 0.01% | +1,440+38.1% | Added |
| New Mexico Educational Retirement Board | 5,200 | $1.13M | 0.03% | 00.0% | Unchanged |
| Bradyco, Inc. | 4,864 | $1.06M | 1.31% | 00.0% | Unchanged |
| Linden Thomas Advisory Services, LLC | 4,849 | $1.05M | 0.11% | −249−4.9% | Reduced |
| Bank of Montreal | 4,818 | $1.05M | 0.00% | −6,464−57.3% | Reduced |
| Oregon Public Employees Retirement Fund | 4,727 | $1.03M | 0.01% | −200−4.1% | Reduced |
| Benjamin Edwards Inc | 4,714 | $1.02M | 0.01% | +1,843+64.2% | Added |
| Tudor Investment Corp Et Al | 4,710 | $1.02M | 0.01% | −4,319−47.8% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 4,657 | $1.01M | 0.02% | −7,480−61.6% | Reduced |