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
39,550,589
Price per share
$163.70
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
24,185,854
Total reported value
$5,255,636,846
% of total 13F portfolios
0%
Share change
-567,745
Value change
-$129,876,052
Number of holders
468
Price from insider filings
$163.70
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 38% +3.6% $3,240,039,728 -$27,766,785 14,909,759 -0.85% Joseph D. Mansueto 31 Dec 2025
Mansueto Daniel 9.5% +16% $816,500,167 +$72,757,126 3,757,306 +9.8% Daniel Mansueto 31 Dec 2025

As of 31 Dec 2025, 468 institutional investors reported holding 24,185,854 shares of Morningstar, Inc. - Common Stock, no par value (MORN). This represents 61% of the company’s total 39,550,589 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Morningstar, Inc. - Common Stock, no par value (MORN) together control 46% 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% 2,374,364 -9% 0.01% $515,973,040
BlackRock, Inc. 6% 2,363,201 -1.3% 0.01% $513,547,210
MORGAN STANLEY 5.1% 2,006,325 +2.4% 0.03% $435,994,970
Select Equity Group, L.P. 3.8% 1,522,492 -28% 1.5% $330,852,737
BAMCO INC /NY/ 3.1% 1,241,794 -12% 0.73% $269,854,254
WELLINGTON MANAGEMENT GROUP LLP 2.9% 1,136,213 +85% 0.04% $246,910,447
AQR CAPITAL MANAGEMENT LLC 2.3% 900,297 +48% 0.1% $195,643,517
STATE STREET CORP 1.9% 746,907 -2.1% 0.01% $162,310,360
GEODE CAPITAL MANAGEMENT, LLC 1.5% 596,982 -3.1% 0.01% $129,750,101
DIMENSIONAL FUND ADVISORS LP 1.2% 471,971 +12% 0.02% $102,566,007
JANE STREET GROUP, LLC 1.1% 424,271 +241% 0.11% $92,198,331
TWO SIGMA INVESTMENTS, LP 0.97% 382,454 +34% 0.12% $83,111,079
JPMORGAN CHASE & CO 0.92% 365,560 +15% 0.01% $79,439,843
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.91% 361,687 -20% 0.03% $78,598,202
TWO SIGMA ADVISERS, LP 0.9% 354,200 +120% 0.15% $76,971,202
MILLENNIUM MANAGEMENT LLC 0.87% 343,833 +15% 0.05% $74,718,349
WASATCH ADVISORS LP 0.85% 336,065 -9.6% 0.43% $73,030,285
RENAISSANCE TECHNOLOGIES LLC 0.82% 323,770 -30% 0.11% $70,358,459
UBS Group AG 0.75% 295,347 +88% 0.01% $64,181,856
NORGES BANK 0.73% 286,994 0.01% $62,366,666
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.72% 285,098 -1.9% 0.04% $61,954,646
Invesco Ltd. 0.69% 271,999 -8.2% 0.01% $59,108,103
Qube Research & Technologies Ltd 0.61% 242,288 +21% 0.08% $52,651,605
VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.57% 226,605 +21% 0.17% $49,243,533
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.48% 189,925 +4.7% 0.01% $41,272,602

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 24,185,854 $5,255,636,846 -$129,876,052 $217.31 468
2025 Q3 24,877,028 $5,771,413,864 -$260,409,409 $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