Morningstar, Inc. (MORN) Institutional Ownership

Ownership Summary

Recent 13F filings as of September 2025 show that 448 institutional investors hold a position in Morningstar, Inc. (NASDAQ:MORN).

• The percentage of Morningstar owned by institutions changed from 60.6% in June 2025 to 60.0% in September 2025, marking a slight down trend.
• Institutional share ownership changed by 2.30% QoQ, while the number of institutional owners saw an increase of 9.80% YoY.
• Of these 448 institutional investors, 206 increased their holdings in Morningstar, while 184 of them reduced positions, and 58 investors maintained their exposure.
• This class of investors increased its holdings in Morningstar to 25.29Mn shares for the 13F-cycle ending September 2025, up by 568.56K shares quarter on quarter, and down 588.24K shares year over year.
• With 2.61Mn shares, VANGUARD GROUP INC commands the largest institutional position in Morningstar as of September 30, 2025, equating to 6.19% of the company.
• Among the most significant buyers of Morningstar during September 2025 were Select Equity Group, L.P. (990.40K), Liontrust Investment Partners LLP (371.16K), AQR CAPITAL MANAGEMENT LLC (314.27K), RENAISSANCE TECHNOLOGIES LLC (195.60K), VOLORIDGE INVESTMENT MANAGEMENT, LLC (146.69K).
• Leading sellers of Morningstar stock in September 2025 included BANK OF AMERICA CORP /DE/ (752.47K), MILLENNIUM MANAGEMENT LLC (512.42K), GOLDMAN SACHS GROUP INC (279.03K), WASATCH ADVISORS LP (272.92K), MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (188.89K).
• The top 10 institutional holders of Morningstar for the quarter ending September 2025 included VANGUARD GROUP INC (2.61Mn), BlackRock, Inc. (2.39Mn), Select Equity Group, L.P. (2.10Mn), MORGAN STANLEY (1.96Mn), BAMCO INC /NY/ (1.41Mn), KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC (765.46K), STATE STREET CORP (763.22K), Liontrust Investment Partners LLP (762.97K), GEODE CAPITAL MANAGEMENT, LLC (615.79K), WELLINGTON MANAGEMENT GROUP LLP (612.83K).