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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.

Q1 2026 vs. Q4 2025

How the institutions holding Morningstar, Inc. changed between Q4 2025 and Q1 2026.

All holders in Q1 2026All holders in Q4 2025

13F holders of MORN: Q4 2025 compared with Q1 2026
MeasureQ4 2025Of which not filed for Q1 2026Q1 2026Change
Holders4756447−22
Shares24.2M2.67M23.6M+2.01M (+9.3%)
Value$5.27B$580.2M$3.99B−$700.9M (−15.0%)

6 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so the changes leave them out.

New holders (71)

Institutions that held Morningstar, Inc. at the end of Q1 2026 but not at the end of Q4 2025.

Institutions new to MORN in Q1 2026
InstitutionSharesValue% of portfolio
Vanguard Portfolio Management LLC1,051,820$177.8M0.01%
Vanguard Capital Management LLC989,467$167.3M0.00%
Vanguard Fiduciary Trust Co142,845$24.1M0.01%
Kensico Capital Management Corp135,000$22.8M0.47%
Nomura Asset Management International Inc.91,290$15.4M0.03%
River Road Asset Management, LLC42,084$7.11M0.08%
Holocene Advisors, LP25,983$4.39M0.01%
Caxton Associates LLP24,977$4.22M0.10%
Citadel Advisors LLC23,650$4.00M0.00%
Warren Averett Asset Management, LLC21,153$3.58M0.03%
Walleye Capital LLC20,166$3.41M0.02%
Vanguard Asset Management, Ltd17,997$3.04M0.00%
ING Groep NV16,613$2.81M0.02%
1832 Asset Management L.P.15,900$2.69M0.00%
Lecap Asset Management Ltd9,626$1.63M0.61%
Vanguard Global Advisers, LLC9,184$1.55M0.00%
Twinbeech Capital LP7,350$1.24M0.13%
Hillsdale Investment Management Inc.6,810$1.15M0.03%
Exencial Wealth Advisors, LLC6,736$1.14M0.04%
Virginia Retirement Systems Et Al6,400$1.08M0.01%
Vanguard Investments Australia, Ltd.6,388$1.08M0.00%
Hunter Perkins Capital Management, LLC6,097$1.03M0.24%
Wedbush Securities Inc5,875$993.0K0.03%
Magnetar Financial LLC4,621$781.2K0.01%
RV Capital GmbH3,700$653.8K0.17%
Gsa Capital Partners LLP3,576$605.0K0.04%
Inceptionr LLC3,070$519.0K0.12%
LSV Asset Management2,800$473.0K0.00%
Capula Management Ltd2,760$466.6K0.00%
Boothbay Fund Management, LLC2,571$434.6K0.01%
GHP Investment Advisors, Inc.2,486$420.3K0.02%
DRW Securities, LLC2,475$418.4K0.02%
Janney Montgomery Scott LLC2,236$378.0K0.00%
ExodusPoint Capital Management, LP2,118$358.0K0.00%
Quadrature Capital Ltd1,924$325.3K0.00%
Everence Capital Management Inc1,903$322.0K0.02%
Calamos Advisors LLC1,881$318.0K0.00%
Calamos Wealth Management LLC1,881$318.0K0.01%
Campbell & CO Investment Adviser LLC1,810$306.0K0.02%
Brighton Jones LLC1,793$303.1K0.01%
Blackstone Group Inc.1,766$298.5K0.00%
Centiva Capital, LP1,624$274.5K0.01%
Caisse de Depot Et Placement du Quebec1,600$270.5K0.00%
RSM US Wealth Management LLC1,554$262.7K0.00%
Frec Markets, Inc.1,389$234.8K0.04%
Crossmark Global Holdings, Inc.1,385$234.1K0.00%
Prelude Capital Management, LLC1,383$233.8K0.02%
DnB Asset Management AS1,327$224.3K0.00%
Armistice Capital, LLC1,327$224.3K0.01%
CIBC Bancorp USA Inc.1,317$222.7K0.00%
Baird Financial Group, Inc.1,313$222.0K0.00%
Abel Hall, LLC1,233$208.4K0.04%
Oppenheimer & Co Inc1,219$206.1K0.00%
TD Waterhouse Canada Inc.800$135.8K0.00%
Globeflex Capital L P780$131.9K0.02%
Cassaday & Co Wealth Management LLC155$26.2K0.00%
Salomon & Ludwin, LLC94$16.3K0.00%
Owl Creek Wealth Partners LLC95$16.1K0.01%
High Note Wealth, LLC25$4.23K0.00%
Bare Financial Services, Inc20$3.38K0.00%
Whipplewood Advisors, LLC18$3.04K0.00%
Estabrook Capital Management12$2.03K0.00%
Burk Holdings LLC5$8450.00%
Fortitude Family Office, LLC4$6760.00%
Spire Wealth Management4$6170.00%
Twin Peaks Wealth Advisors, LLC3$5070.00%
Highline Wealth Partners LLC3$5070.00%
SHP Wealth Management2$3380.00%
Cromwell Holdings LLC2$3380.00%
Raffa Wealth Management, LLC1$1690.00%
Curio Wealth, LLC1$1690.00%

Sold out (93)

Institutions that held Morningstar, Inc. at the end of Q4 2025 and filed for Q1 2026 without it.

Institutions that sold out of MORN in Q1 2026
InstitutionShares, Q4 2025Value, Q4 2025
Two Sigma Advisers, LP354,200$77.0M
Wasatch Advisors Inc336,065$73.0M
Premier Fund Managers Ltd56,272$12.3M
Sone Capital Management, LLC43,658$9.49M
Verition Fund Management LLC37,343$8.12M
Squarepoint Ops LLC34,267$7.45M
Cooper Investors Pty Ltd31,887$6.93M
Winton Group Ltd30,067$6.53M
Segall Bryant & Hamill, LLC23,846$5.18M
Jain Global LLC15,612$3.39M
Redwood Investment Management, LLC11,047$2.40M
Dark Forest Capital Management LP10,071$2.19M
Oppenheimer Asset Management Inc.7,304$1.59M
Kensington Investment Counsel, LLC7,100$1.54M
Alberta Investment Management Corp6,300$1.37M
B. Metzler seel. Sohn & Co. AG5,410$1.18M
CAPROCK Group, Inc.3,925$852.9K
Aigen Investment Management, LP3,479$756.0K
Voleon Capital Management LP3,142$682.8K
Capstone Investment Advisors, LLC3,049$662.6K
Quest Partners LLC2,458$534.1K
Axq Capital, LP2,436$529.4K
RMB Capital Management, LLC2,307$501.3K
Integrated Quantitative Investments LLC2,285$496.6K
Brown Advisory Inc2,217$481.9K
Pallas Capital Advisors LLC2,183$474.4K
Buckingham Strategic Partners2,168$471.1K
Krilogy Financial LLC2,174$459.2K
Index Fund Advisors, Inc.2,059$447.4K
Frank, Rimerman Advisors LLC1,975$429.2K
Pinebridge Investments LLC1,922$417.7K
Norden Group LLC1,922$417.6K
Kestra Advisory Services, LLC1,792$389.4K
Fieldview Capital Management, LLC1,784$387.7K
Diversify Advisory Services, LLC1,728$369.6K
Andina Capital Management, LLC1,662$361.2K
J.W. Cole Advisors, Inc.1,645$357.5K
Ballentine Partners, LLC1,636$355.5K
Franklin Resources Inc1,564$339.9K
AlphaCore Capital LLC1,535$333.6K
Legato Capital Management LLC1,485$322.7K
Connable Office Inc1,470$319.4K
Sivia Capital Partners, LLC1,469$319.2K
Inscription Capital, LLC1,451$315.3K
Altfest L J & Co Inc1,423$309.2K
SummitTX Capital, L.P.1,393$302.7K
TCG Advisory Services, LLC1,365$296.6K
Welch & Forbes LLC1,359$295.3K
Greenleaf Trust1,340$291.2K
Caerus Investment Advisors, LLC1,297$281.9K
Machina Capital S.A.S.1,275$277.1K
Waddell & Associates, LLC1,273$276.6K
Utah Retirement Systems1,243$270.1K
Great Valley Advisor Group, Inc.1,176$255.6K
Capital Investment Counsel, Inc1,150$249.9K
Camden Capital, LLC1,134$246.5K
Ethic Inc.1,132$246.0K
Connecticut Capital Management Group, LLC1,125$244.5K
QRG Capital Management, Inc.1,080$234.7K
Blueshift Asset Management, LLC1,005$218.4K
Transcend Wealth Collective, LLC990$215.1K
ProShare Advisors LLC956$207.7K
Cadent Capital Advisors, LLC955$207.5K
Sentinus, LLC945$205.4K
Angeles Wealth Management, LLC929$201.9K
Brown Brothers Harriman & Co508$110.4K
Wexford Capital LP467$101.5K
Liontrust Investment Partners LLP436$94.7K
Simplex Trading, LLC424$92.1K
Danske Bank A/S300$65.2K
Bayforest Capital Ltd219$47.6K
Harbor Investment Advisory, LLC197$42.8K
Longview Financial Advisors LLC150$32.6K
Whittier Trust Co130$28.0K
Measured Wealth Private Client Group, LLC95$20.6K
Tobam78$17.0K
Osterweis Capital Management Inc64$13.9K
SageView Advisory Group, LLC33$7.17K
Tucker Asset Management LLC24$5.21K
Harbour Investments, Inc.21$4.56K
T. Rowe Price Investment Management, Inc.16$4.00K
AdvisorNet Financial, Inc17$3.69K
Crewe Advisors LLC5$1.09K
CX Institutional3$1.00K
Montag A & Associates Inc3$700
Caitong International Asset Management Co., Ltd3$652
Optima Capital LLC3$652
USA Financial Portformulas Corp2$435
Elyxium Wealth, LLC2$435
Seneschal Advisors, LLC1$218
Bay Harbor Wealth Management, LLC1$217
Optiver Holding B.V.1$217
Dunhill Financial, LLC1$130

Not filed for Q1 2026 yet (6)

Institutions that held Morningstar, Inc. at the end of Q4 2025 and haven't filed a 13F for Q1 2026. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding MORN in Q4 2025 that haven't filed for Q1 2026
InstitutionShares, Q4 2025Value, Q4 2025
Vanguard Group Inc2,374,364$516.0M
Norges Bank286,994$62.4M
Comerica Bank6,453$1.40M
CIBC Private Wealth Group, LLC1,738$377.7K
Global Retirement Partners, LLC351$76.3K
ORG Partners LLC11$2.39K