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
-$265,566,882
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 +$8,196,269 $217.31 40
2025 Q3 24,877,290 $5,771,474,549 -$265,566,882 $232.01 447
2025 Q2 25,646,601 $8,049,221,242 +$231,389,847 $313.93 475
2025 Q1 24,905,295 $7,465,629,270 -$251,259,857 $299.87 456
2024 Q4 25,718,143 $8,659,474,464 +$48,563,745 $336.76 445
2024 Q3 25,526,004 $8,139,929,382 -$90,353,360 $319.12 407
2024 Q2 25,798,115 $7,634,502,692 +$124,655,699 $295.85 390
2024 Q1 25,364,429 $7,820,995,050 +$58,710,906 $308.37 384
2023 Q4 101,658 $29,098,587 +$930,567 $286.24 4
2023 Q3 23,761,107 $5,565,324,762 +$441,091,630 $234.24 317
2023 Q2 21,960,994 $4,306,828,377 -$6,851,718 $196.07 288
2023 Q1 22,237,350 $4,514,653,474 -$54,036,336 $203.03 298
2022 Q4 22,483,509 $4,870,045,977 +$52,648,049 $216.59 313
2022 Q3 23,432,498 $4,975,569,408 +$43,994,783 $212.32 300
2022 Q2 23,427,691 $5,654,099,686 +$311,332 $241.83 311
2022 Q1 22,709,425 $6,204,297,922 +$28,199,143 $273.17 323
2021 Q4 22,999,305 $7,864,506,805 +$191,228,221 $341.99 334
2021 Q3 22,476,347 $5,823,608,148 +$142,793,052 $259.03 313
2021 Q2 21,862,053 $5,620,983,202 +$105,349,146 $257.11 293
2021 Q1 21,446,458 $4,826,995,628 +$70,135,696 $225.04 304
2020 Q4 21,195,045 $4,907,779,853 +$170,120,185 $231.57 292
2020 Q3 20,553,762 $3,300,183,042 -$31,351,216 $160.61 258
2020 Q2 20,766,148 $2,927,110,218 +$94,880,601 $140.97 242
2020 Q1 20,145,298 $2,341,629,627 +$7,758,731 $116.25 211
2019 Q4 20,063,390 $3,034,666,228 +$50,153,672 $151.31 234
2019 Q3 19,694,276 $2,878,274,106 +$94,015,592 $146.14 238
2019 Q2 19,058,836 $2,754,808,566 +$141,196,202 $144.64 227
2019 Q1 18,540,782 $2,334,544,826 +$61,670,266 $125.99 232
2018 Q4 18,079,228 $1,985,115,855 +$49,433,237 $109.84 218
2018 Q3 17,578,937 $2,212,013,279 +$50,700,049 $125.90 226
2018 Q2 17,145,840 $2,198,474,935 +$124,128,648 $128.25 192
2018 Q1 16,485,216 $1,574,681,400 -$15,503,087 $95.52 173
2017 Q4 16,567,088 $1,606,498,915 -$10,965,211 $96.97 175
2017 Q3 16,668,905 $1,416,624,916 +$7,485,187 $84.99 150
2017 Q2 16,580,622 $1,298,921,428 -$12,024,298 $78.34 143
2017 Q1 16,666,277 $1,310,362,718 +$63,430,990 $78.60 165
2016 Q4 16,594,944 $1,221,100,720 +$1,119,255 $73.56 167
2016 Q3 16,594,659 $1,314,749,298 +$6,545,170 $79.27 170
2016 Q2 16,298,113 $1,332,845,543 -$14,960,770 $81.78 172
2016 Q1 16,442,217 $1,450,752,531 -$17,855,053 $88.27 171
2015 Q4 16,965,242 $1,364,223,620 -$62,812,996 $80.41 175
2015 Q3 17,741,861 $1,423,438,214 +$19,646,066 $80.26 152
2015 Q2 17,653,994 $1,404,362,764 -$8,341,765 $79.55 135
2015 Q1 17,942,852 $1,343,280,240 +$7,979,359 $74.91 138
2014 Q4 17,894,345 $1,158,114,132 -$27,688,290 $64.71 145
2014 Q3 16,926,032 $1,149,274,878 -$63,010,819 $67.90 134
2014 Q2 17,830,756 $1,280,149,472 -$15,939,562 $71.81 138
2014 Q1 18,015,448 $1,423,040,975 -$23,525,385 $79.02 144