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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.

Institutional holdersQ4 2025: 475 institutions
Q1 2021: 309 institutionsQ2 2021: 295 institutionsQ3 2021: 318 institutionsQ4 2021: 341 institutionsQ1 2022: 336 institutionsQ2 2022: 325 institutionsQ3 2022: 311 institutionsQ4 2022: 318 institutionsQ1 2023: 302 institutionsQ2 2023: 294 institutionsQ3 2023: 325 institutionsQ4 2023: 353 institutionsQ1 2024: 385 institutionsQ2 2024: 393 institutionsQ3 2024: 412 institutionsQ4 2024: 451 institutionsQ1 2025: 464 institutionsQ2 2025: 481 institutionsQ3 2025: 452 institutionsQ4 2025: 475 institutionsQ1 2026: 447 institutionsQ2 2026: 420 institutions
Value heldQ4 2025: $5.27B
Q1 2021: $4.83BQ2 2021: $5.62BQ3 2021: $5.83BQ4 2021: $7.92BQ1 2022: $6.41BQ2 2022: $5.67BQ3 2022: $4.99BQ4 2022: $5.14BQ1 2023: $4.85BQ2 2023: $4.79BQ3 2023: $6.17BQ4 2023: $7.22BQ1 2024: $7.92BQ2 2024: $7.63BQ3 2024: $8.25BQ4 2024: $8.67BQ1 2025: $7.57BQ2 2025: $8.05BQ3 2025: $5.78BQ4 2025: $5.27BQ1 2026: $3.99BQ2 2026: $3.79B
Institutions holding MORN and their total value by quarter
QuarterHoldersValue
Q2 2026420$3.79B
Q1 2026447$3.99B
Q4 2025475$5.27B
Q3 2025452$5.78B
Q2 2025481$8.05B
Q1 2025464$7.57B
Q4 2024451$8.67B
Q3 2024412$8.25B
Q2 2024393$7.63B
Q1 2024385$7.92B
Q4 2023353$7.22B
Q3 2023325$6.17B
Q2 2023294$4.79B
Q1 2023302$4.85B
Q4 2022318$5.14B
Q3 2022311$4.99B
Q2 2022325$5.67B
Q1 2022336$6.41B
Q4 2021341$7.92B
Q3 2021318$5.83B
Q2 2021295$5.62B
Q1 2021309$4.83B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Morningstar, Inc.; share changes are against Q3 2025.

Institutions holding MORN in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Tobam78$17.0K0.00%00.0%Unchanged
Centerpoint Advisors, LLC79$17.0K0.01%+18+29.5%Added
Cedar Mountain Advisors, LLC77$16.7K0.00%00.0%Unchanged
Clearstead Advisors, LLC75$16.3K0.00%−90−54.5%Reduced
Central Trust Co75$16.3K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co75$16.3K0.00%−14−15.7%Reduced
Capital Advisors, Ltd. LLC70$15.0K0.00%00.0%Unchanged
Bell Investment Advisors, Inc67$14.6K0.00%−12−15.2%Reduced
Osterweis Capital Management Inc64$13.9K0.00%−16−20.0%Reduced
Larson Financial Group LLC63$13.7K0.00%+10+18.9%Added
Nisa Investment Advisors, LLC63$13.7K0.00%−4−6.0%Reduced
ZRC Wealth Management, LLC63$13.7K0.00%+61+3,050.0%Added
Activest Wealth Management56$12.2K0.00%+56Added
Parkside Financial Bank & Trust35$7.61K0.00%−22−38.6%Reduced
Financial Network Wealth Advisors LLC34$7.39K0.01%−12−26.1%Reduced
Assetmark, Inc34$7.39K0.00%−9−20.9%Reduced
SageView Advisory Group, LLC33$7.17K0.00%+33New
Creative Financial Designs Inc33$7.17K0.00%00.0%Unchanged
Frazier Financial Advisors, LLC31$6.74K0.00%00.0%Unchanged
Root Financial Partners, LLC27$5.87K0.00%−26−49.1%Reduced
CBIZ Investment Advisory Services, LLC24$5.21K0.00%+8+50.0%Added
Tucker Asset Management LLC24$5.21K0.00%+24New
Private Wealth Management Group, LLC23$5.00K0.00%+23New
JFS Wealth Advisors, LLC22$4.78K0.00%−2−8.3%Reduced
Farmers & Merchants Investments Inc22$4.78K0.00%00.0%Unchanged
Harbour Investments, Inc.21$4.56K0.00%+9+75.0%Added
Huntington National Bank21$4.56K0.00%+1+5.0%Added
Dogwood Wealth Management LLC20$4.35K0.00%+9+81.8%Added
Kerr Financial Planning Corp24$4.21K0.01%−1−4.0%Reduced
T. Rowe Price Investment Management, Inc.16$4.00K0.00%−3−15.8%Reduced
Avion Wealth21$4.00K0.00%+15+250.0%Added
Zions Bancorporation, National Association18$3.91K0.00%+18New
AdvisorNet Financial, Inc17$3.69K0.00%+9+112.5%Added
Atlantic Private Wealth, LLC16$3.48K0.00%00.0%Unchanged
UMA Financial Services, Inc.16$3.48K0.00%+12+300.0%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.15$3.16K0.00%00.0%Unchanged
TD Private Client Wealth LLC14$3.04K0.00%+1+7.7%Added
Cornerstone Planning Group LLC14$2.86K0.00%+1+7.7%Added
Asset Dedication, LLC13$2.83K0.00%00.0%Unchanged
International Assets Investment Management, LLC13$2.83K0.00%+13New
Wolff Wiese Magana LLC12$2.61K0.00%−25−67.6%Reduced
Marquette Asset Management, LLC12$2.61K0.00%+12New
ORG Partners LLC11$2.39K0.00%+11New
Keating Financial Advisory Services, Inc.10$2.17K0.00%+10New
Sachetta, LLC9$1.96K0.00%00.0%Unchanged
South State Corp.7$1.52K0.00%+6+600.0%Added
Manchester Capital Management LLC6$1.30K0.00%00.0%Unchanged
Kilter Group LLC6$1.30K0.00%+6New
DiNuzzo Private Wealth, Inc.5$1.09K0.00%−2−28.6%Reduced
Crewe Advisors LLC5$1.09K0.00%+5New
Cornerstone Financial Management LLC5$1.09K0.00%+5New
Whittier Trust Co of Nevada Inc5$1.08K0.00%00.0%Unchanged
CX Institutional3$1.00K0.00%+3New
Bogart Wealth, LLC4$8690.00%+4New
Principia Wealth Advisory, LLC4$8690.00%+4New
Montag A & Associates Inc3$7000.00%−2−40.0%Reduced
Torren Management, LLC3$6570.00%+3New
Signature Equity Partners, LLC3$6530.00%+3New
Caitong International Asset Management Co., Ltd3$6520.00%−383−99.2%Reduced
First Horizon Corp3$6520.00%+3New
Optima Capital LLC3$6520.00%+3New
Rialto Wealth Management, LLC2$4350.00%00.0%Unchanged
SBI Securities Co., Ltd.2$4350.00%00.0%Unchanged
USA Financial Portformulas Corp2$4350.00%+2New
American Capital Advisory, LLC2$4350.00%+2New
Breakwater Investment Management2$4350.00%+2New
Elyxium Wealth, LLC2$4350.00%+2New
Rossby Financial, LCC2$4350.00%+2New
Seneschal Advisors, LLC1$2180.00%00.0%Unchanged
MV Capital Management, Inc.1$2180.00%+1New
Quaker Wealth Management, LLC1$2180.00%+1New
Optiver Holding B.V.1$2170.00%−45−97.8%Reduced
Bay Harbor Wealth Management, LLC1$2170.00%−1−50.0%Reduced
Wealth Enhancement Trust Services, Inc.1$2170.00%+1New
Dunhill Financial, LLC1$1300.00%+1New
Citadel Advisors LLC0$00.00%−84,318−100.0%Sold out
Parnassus Investments0$00.00%−42,488−100.0%Sold out
Holocene Advisors, LP0$00.00%−34,241−100.0%Sold out
Magnetar Financial LLC0$00.00%−28,188−100.0%Sold out
Touchstone Capital, Inc.0$00.00%−26,228−100.0%Sold out
Sea Cliff Partners Management, LP0$00.00%−26,000−100.0%Sold out
Marks Group Wealth Management, Inc0$00.00%−22,767−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−22,747−100.0%Sold out
Annandale Capital, LLC0$00.00%−20,084−100.0%Sold out
1832 Asset Management L.P.0$00.00%−16,800−100.0%Sold out
Gallo Partners, LP0$00.00%−13,326−100.0%Sold out
Quadrature Capital Ltd0$00.00%−9,300−100.0%Sold out
Globeflex Capital L P0$00.00%−8,835−100.0%Sold out
Intech Investment Management LLC0$00.00%−7,383−100.0%Sold out
Ashford Capital Management Inc0$00.00%−6,648−100.0%Sold out
Oddo BHF Asset Management SAS0$00.00%−5,920−100.0%Sold out
Grandeur Peak Global Advisors, LLC0$00.00%−4,766−100.0%Sold out
Susquehanna Portfolio Strategies, LLC0$00.00%−4,621−100.0%Sold out
Empowered Funds, LLC0$00.00%−4,557−100.0%Sold out
Atom Investors LP0$00.00%−3,863−100.0%Sold out
Accretive Wealth Partners, LLC0$00.00%−3,750−100.0%Sold out
Summit Wealth Group LLC0$00.00%−3,683−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−3,639−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−3,601−100.0%Sold out
Freestone Grove Partners LP0$00.00%−3,140−100.0%Sold out