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 |
|---|---|---|---|---|---|
| Amundi | 1,398 | $303.8K | 0.00% | +1,398 | New |
| SummitTX Capital, L.P. | 1,393 | $302.7K | 0.01% | +1,393 | New |
| Evergreen Capital Management LLC | 1,388 | $301.6K | 0.01% | +120+9.5% | Added |
| TCG Advisory Services, LLC | 1,365 | $296.6K | 0.01% | +1,365 | New |
| Welch & Forbes LLC | 1,359 | $295.3K | 0.00% | −15−1.1% | Reduced |
| CIBC Asset Management Inc | 1,355 | $294.5K | 0.00% | 00.0% | Unchanged |
| Greenleaf Trust | 1,340 | $291.2K | 0.00% | +1,340 | New |
| Skopos Labs, Inc. | 1,316 | $288.2K | 0.01% | +1,316 | New |
| Allspring Global Investments Holdings, LLC | 1,321 | $285.1K | 0.00% | +1,321 | New |
| Caerus Investment Advisors, LLC | 1,297 | $281.9K | 0.09% | +1,297 | New |
| Machina Capital S.A.S. | 1,275 | $277.1K | 0.05% | −1,781−58.3% | Reduced |
| Waddell & Associates, LLC | 1,273 | $276.6K | 0.02% | +1,273 | New |
| State of Wyoming | 1,248 | $271.2K | 0.03% | +1,044+511.8% | Added |
| 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 |
| Utah Retirement Systems | 1,243 | $270.1K | 0.00% | 00.0% | Unchanged |
| Quadrant Capital Group LLC | 1,231 | $267.5K | 0.01% | −2,290−65.0% | Reduced |
| Swiss Life Asset Management Ltd | 1,205 | $261.9K | 0.00% | −59−4.7% | Reduced |
| Great Valley Advisor Group, Inc. | 1,176 | $255.6K | 0.00% | −216−15.5% | Reduced |
| Capital Investment Counsel, Inc | 1,150 | $249.9K | 0.03% | 00.0% | Unchanged |
| Camden Capital, LLC | 1,134 | $246.5K | 0.02% | +1,134 | New |
| GWM Advisors LLC | 1,133 | $246.2K | 0.00% | +1,055+1,352.6% | Added |
| Ethic Inc. | 1,132 | $246.0K | 0.00% | +113+11.1% | Added |
| Connecticut Capital Management Group, LLC | 1,125 | $244.5K | 0.23% | +1,125 | New |
| Integrated Wealth Concepts LLC | 1,081 | $234.9K | 0.00% | +1,081 | New |
| QRG Capital Management, Inc. | 1,080 | $234.7K | 0.00% | −47−4.2% | Reduced |
| Blueshift Asset Management, LLC | 1,005 | $218.4K | 0.06% | +1,005 | New |
| ISAM Funds (UK) Ltd | 1,000 | $217.3K | 0.08% | −1,358−57.6% | Reduced |
| Transcend Wealth Collective, LLC | 990 | $215.1K | 0.02% | +990 | New |
| ProShare Advisors LLC | 956 | $207.7K | 0.00% | −84−8.1% | Reduced |
| Cadent Capital Advisors, LLC | 955 | $207.5K | 0.05% | −155−14.0% | Reduced |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 948 | $206.0K | 0.00% | +948 | New |
| Tower Research Capital LLC (TRC) | 946 | $205.6K | 0.00% | −1,014−51.7% | Reduced |
| Sentinus, LLC | 945 | $205.4K | 0.02% | +945 | New |
| Essential Partners LLC | 931 | $202.3K | 0.06% | +404+76.7% | Added |
| Angeles Wealth Management, LLC | 929 | $201.9K | 0.01% | +2+0.2% | Added |
| The PNC Financial Services Group, Inc. | 871 | $189.3K | 0.00% | −158−15.4% | Reduced |
| Signaturefd, LLC | 861 | $187.1K | 0.00% | +550+176.8% | Added |
| EverSource Wealth Advisors, LLC | 819 | $178.0K | 0.01% | +384+88.3% | Added |
| Farther Finance Advisors, LLC | 733 | $159.4K | 0.00% | +316+75.8% | Added |
| Allworth Financial LP | 732 | $159.1K | 0.00% | +464+173.1% | Added |
| Aster Capital Management (DIFC) Ltd | 727 | $158.0K | 0.07% | −714−49.5% | Reduced |
| KBC Group NV | 659 | $143.0K | 0.00% | 00.0% | Unchanged |
| Rothschild Investment LLC | 632 | $137.3K | 0.01% | −475−42.9% | Reduced |
| Basecamp Wealth Advisors LLC | 621 | $134.9K | 0.03% | +621 | New |
| HM Payson & Co | 600 | $130.4K | 0.00% | 00.0% | Unchanged |
| IFP Advisors, Inc | 563 | $122.3K | 0.00% | +310+122.5% | Added |
| STRS Ohio | 541 | $117.6K | 0.00% | −13−2.3% | Reduced |
| Sterling Capital Management LLC | 539 | $117.1K | 0.00% | +55+11.4% | Added |
| Westpac Banking Corp | 518 | $112.6K | 0.01% | +518 | New |
| Exchange Traded Concepts, LLC | 515 | $111.9K | 0.00% | +515 | New |
| Horizon Investments, LLC | 515 | $111.7K | 0.00% | +515 | New |
| Brown Brothers Harriman & Co | 508 | $110.4K | 0.00% | +221+77.0% | Added |
| Wexford Capital LP | 467 | $101.5K | 0.03% | +467 | New |
| Annis Gardner Whiting Capital Advisors, LLC | 458 | $99.5K | 0.02% | −106−18.8% | Reduced |
| Eurizon Capital SGR S.p.A. | 448 | $97.5K | 0.00% | +448 | New |
| Liontrust Investment Partners LLP | 436 | $94.7K | 0.00% | −370,722−99.9% | Reduced |
| Simplex Trading, LLC | 424 | $92.1K | 0.00% | +364+606.7% | Added |
| Jones Financial Companies LLLP | 415 | $90.2K | 0.00% | +322+346.2% | Added |
| North Star Investment Management Corp. | 405 | $88.0K | 0.01% | +13+3.3% | Added |
| Umb Bank N A | 390 | $84.8K | 0.00% | −144−27.0% | Reduced |
| Steward Partners Investment Advisory, LLC | 389 | $84.5K | 0.00% | 00.0% | Unchanged |
| Rockefeller Capital Management L.P. | 387 | $84.2K | 0.00% | +34+9.6% | Added |
| Acadian Asset Management LLC | 369 | $80.0K | 0.00% | −20,607−98.2% | Reduced |
| GAMMA Investing LLC | 359 | $78.0K | 0.00% | +103+40.2% | Added |
| Global Retirement Partners, LLC | 351 | $76.3K | 0.00% | +338+2,600.0% | Added |
| Bokf, NA | 325 | $70.6K | 0.00% | 00.0% | Unchanged |
| Covestor Ltd | 316 | $69.0K | 0.04% | −186−37.1% | Reduced |
| Fifth Third Bancorp | 312 | $67.8K | 0.00% | −72−18.8% | Reduced |
| Danske Bank A/S | 300 | $65.2K | 0.00% | −2,273−88.3% | Reduced |
| SJS Investment Consulting Inc. | 271 | $58.9K | 0.01% | +269+13,450.0% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 251 | $54.7K | 0.00% | +83+49.4% | Added |
| Ronald Blue Trust, Inc. | 240 | $52.2K | 0.00% | −7−2.8% | Reduced |
| CVA Family Office, LLC | 230 | $50.0K | 0.01% | +2+0.9% | Added |
| Hantz Financial Services, Inc. | 219 | $48.0K | 0.00% | +132+151.7% | Added |
| Bayforest Capital Ltd | 219 | $47.6K | 0.04% | +219 | New |
| Ancora Advisors, LLC | 212 | $46.1K | 0.00% | +212 | New |
| Atlantic Union Bankshares Corp | 200 | $43.5K | 0.00% | 00.0% | Unchanged |
| Harbor Investment Advisory, LLC | 197 | $42.8K | 0.00% | −170−46.3% | Reduced |
| Quarry LP | 189 | $41.1K | 0.01% | +64+51.2% | Added |
| WPG Advisers, LLC | 185 | $40.2K | 0.03% | +49+36.0% | Added |
| Employees Retirement System of Texas | 184 | $40.0K | 0.00% | 00.0% | Unchanged |
| Massmutual Trust Co FSB | 177 | $38.5K | 0.00% | +104+142.5% | Added |
| True Wealth Design, LLC | 172 | $37.4K | 0.01% | +94+120.5% | Added |
| American National Bank | 170 | $36.9K | 0.00% | 00.0% | Unchanged |
| V-Square Quantitative Management LLC | 160 | $34.8K | 0.00% | +160 | New |
| SRS Capital Advisors, Inc. | 152 | $33.0K | 0.00% | −6,088−97.6% | Reduced |
| Longview Financial Advisors LLC | 150 | $32.6K | 0.02% | −5−3.2% | Reduced |
| Whittier Trust Co | 130 | $28.0K | 0.00% | −225−63.4% | Reduced |
| Pinnacle Wealth Planning Services, Inc. | 116 | $25.2K | 0.00% | +116 | New |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 116 | $25.2K | 0.01% | +116 | New |
| MAI Capital Management | 114 | $24.8K | 0.00% | −69−37.7% | Reduced |
| Los Angeles Capital Management LLC | 111 | $23.8K | 0.00% | +111 | New |
| Quent Capital, LLC | 105 | $22.8K | 0.00% | −57−35.2% | Reduced |
| Transamerica Financial Advisors, Inc. | 102 | $22.2K | 0.00% | +41+67.2% | Added |
| Measured Wealth Private Client Group, LLC | 95 | $20.6K | 0.01% | −17−15.2% | Reduced |
| Private Trust Co NA | 84 | $18.3K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 83 | $18.1K | 0.00% | −1−1.2% | Reduced |
| Hughes Financial Services, LLC | 83 | $18.0K | 0.00% | 00.0% | Unchanged |
| Bradley & Co. Private Wealth Management, LLC | 83 | $18.0K | 0.01% | 00.0% | Unchanged |