Morningstar, Inc. - Common Stock, no par value (MORN) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock, no par value
Symbol
MORN on Nasdaq
Shares outstanding
41,737,780
Price per share
$217.31
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
24,877,290
Total reported value
$5,771,474,549
% of total 13F portfolios
0%
Share change
-775,711
Value change
-$265,566,889
Number of holders
447
Price from insider filings
$217.31
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Morningstar, Inc. - Common Stock, no par value (MORN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Mansueto Joseph D 36% +1.1% $3,488,858,263 -$75,403,250 15,037,534 -2.1% Joseph D. Mansueto 30 Sep 2025
Mansueto Daniel 8.2% $794,053,761 3,422,498 Daniel Mansueto 30 Sep 2025

As of 30 Sep 2025, 447 institutional investors reported holding 24,877,290 shares of Morningstar, Inc. - Common Stock, no par value (MORN). This represents 60% of the company’s total 41,737,780 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Morningstar, Inc. - Common Stock, no par value (MORN) together control 44% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 6.3% 2,610,335 -0.89% 0.01% $605,623,824
BlackRock, Inc. 5.7% 2,394,828 -4.9% 0.01% $555,624,040
Select Equity Group, L.P. 5% 2,103,702 +89% 2.1% $488,079,901
MORGAN STANLEY 4.7% 1,958,965 -5.5% 0.03% $454,499,742
BAMCO INC /NY/ 3.4% 1,414,305 +9.2% 0.87% $328,132,903
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.8% 765,463 -9.8% 0.43% $177,595,254
STATE STREET CORP 1.8% 763,223 -2.7% 0.01% $177,075,368
GEODE CAPITAL MANAGEMENT, LLC 1.5% 615,795 -1.8% 0.01% $142,888,525
WELLINGTON MANAGEMENT GROUP LLP 1.5% 612,826 -22% 0.02% $142,181,760
AQR CAPITAL MANAGEMENT LLC 1.5% 608,244 +107% 0.09% $141,118,817
RENAISSANCE TECHNOLOGIES LLC 1.1% 460,770 +74% 0.14% $106,903,248
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.1% 451,242 -30% 0.03% $104,692,656
DIMENSIONAL FUND ADVISORS LP 1% 420,127 +27% 0.02% $97,481,795
WASATCH ADVISORS LP 0.89% 371,883 -42% 0.46% $86,280,575
Liontrust Investment Partners LLP 0.89% 371,158 -5.3% 1.3% $86,112,368
JPMORGAN CHASE & CO 0.76% 318,478 +35% 0% $73,891,243
MILLENNIUM MANAGEMENT LLC 0.72% 298,741 -63% 0.05% $69,310,899
Invesco Ltd. 0.71% 296,302 +5.5% 0.01% $68,745,027
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.7% 290,621 +50% 0.04% $67,426,978
TWO SIGMA INVESTMENTS, LP 0.69% 286,175 +78% 0.1% $66,395,462
Qube Research & Technologies Ltd 0.48% 200,441 +44% 0.07% $46,504,316
DF DENT & CO INC 0.48% 199,585 +129% 0.6% $46,305,779
FMR LLC 0.46% 193,443 -29% 0% $44,880,687
NORTHERN TRUST CORP 0.46% 191,981 -7.9% 0.01% $44,541,512
VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.45% 187,128 +363% 0.15% $43,415,567

Institutional Holders of Morningstar, Inc. - Common Stock, no par value (MORN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 423,261 $91,974,856 +$8,196,270 $217.31 40
2025 Q3 24,877,290 $5,771,474,549 -$265,566,889 $232.01 447
2025 Q2 25,646,601 $8,049,221,242 +$231,389,873 $313.93 475
2025 Q1 24,916,116 $7,468,873,850 -$251,060,163 $299.87 458
2024 Q4 25,722,094 $8,660,809,281 -$60,621,264 $336.76 448
2024 Q3 25,854,026 $8,244,608,145 +$7,578,991 $319.12 408
2024 Q2 25,799,927 $7,635,038,991 +$34,974,985 $295.85 391
2024 Q1 25,669,370 $7,915,029,640 +$146,478,373 $308.37 383
2023 Q4 25,204,241 $7,214,146,799 -$325,303,734 $286.24 352
2023 Q3 26,327,074 $6,166,377,862 +$466,215,648 $234.24 321
2023 Q2 24,430,893 $4,791,102,063 +$104,979,165 $196.07 292
2023 Q1 23,858,543 $4,843,805,262 +$27,570,564 $203.03 300
2022 Q4 23,714,003 $5,136,559,117 +$283,179,597 $216.59 316
2022 Q3 23,510,526 $4,992,196,822 +$14,983,083 $212.32 308
2022 Q2 23,443,887 $5,669,201,021 +$10,619,391 $241.83 316
2022 Q1 23,454,930 $6,407,949,117 +$70,843,510 $273.17 327
2021 Q4 23,139,913 $7,912,593,355 +$189,902,705 $341.99 337
2021 Q3 22,464,870 $5,820,005,624 +$159,144,703 $259.03 312
2021 Q2 21,862,949 $5,621,212,458 +$103,860,902 $257.11 292
2021 Q1 21,464,703 $4,831,098,846 +$69,914,451 $225.04 303
2020 Q4 21,199,302 $4,908,765,658 +$169,644,265 $231.57 293
2020 Q3 20,561,604 $3,301,443,042 -$30,404,134 $160.61 260
2020 Q2 20,784,207 $2,929,656,218 +$96,936,961 $140.97 244
2020 Q1 20,150,269 $2,342,208,627 +$7,531,906 $116.25 213
2019 Q4 20,064,824 $3,034,882,905 +$49,899,250 $151.31 235
2019 Q3 19,696,095 $2,878,540,067 +$93,967,005 $146.14 239
2019 Q2 19,074,216 $2,757,035,574 +$98,810,670 $144.64 230
2019 Q1 18,540,782 $2,334,544,826 +$61,483,948 $125.99 232
2018 Q4 18,087,334 $1,986,006,855 +$50,222,784 $109.84 219
2018 Q3 17,578,937 $2,212,013,279 +$50,733,594 $125.90 226
2018 Q2 17,167,551 $2,201,259,935 +$87,034,060 $128.25 193
2018 Q1 16,508,366 $1,576,892,400 -$15,964,878 $95.52 174
2017 Q4 16,574,129 $1,607,181,915 -$10,014,203 $96.97 176
2017 Q3 16,668,905 $1,416,624,916 +$7,485,752 $84.99 150
2017 Q2 16,582,724 $1,299,086,428 -$11,339,023 $78.34 144
2017 Q1 16,731,737 $1,315,507,718 +$69,956,314 $78.60 167
2016 Q4 16,596,983 $1,221,250,720 +$1,047,481 $73.56 168
2016 Q3 16,594,659 $1,314,749,298 +$22,688,159 $79.27 170
2016 Q2 16,298,113 $1,332,845,543 -$32,576,726 $81.78 172
2016 Q1 16,694,211 $1,472,996,531 -$13,988,004 $88.27 173
2015 Q4 16,965,242 $1,364,223,620 -$62,812,949 $80.41 176
2015 Q3 17,741,861 $1,423,438,214 +$23,739,852 $80.26 152
2015 Q2 17,840,082 $1,419,166,764 -$8,892,598 $79.55 136
2015 Q1 17,956,522 $1,344,304,240 +$6,948,976 $74.91 139
2014 Q4 17,921,791 $1,159,890,132 -$27,179,070 $64.71 146
2014 Q3 17,097,629 $1,160,925,878 -$65,721,261 $67.90 135
2014 Q2 18,056,819 $1,296,382,472 -$18,698,312 $71.81 139
2014 Q1 18,279,393 $1,443,896,975 -$13,820,946 $79.02 146