Who owns Morningstar (MORN)
Which tracked institutional funds hold MORN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MORN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
Conviction spread
MORN’s largest tracked holder by dollar value, BAMCO INC /NY/, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MORN divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, we do not read how tracked institutions changed their MORN positions: many holders could not be matched across the two filings, most often because the security’s identifier changed and our mapping is incomplete, or because funds are still filing for the newer quarter. Over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BAMCO INC /NY/ added | 3,499,146 | $546M | 15.2% | 2026-Q2 |
| BlackRock, Inc. added | 2,081,736 | $325M | 9.0% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 1,493,037 | $233M | 6.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,484,135 | $232M | 6.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 1,304,388 | $204M | 5.7% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 950,075 | $148M | 4.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 894,406 | $140M | 3.9% | 2026-Q2 |
| STATE STREET CORP trimmed | 716,473 | $112M | 3.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 578,315 | $90M | 2.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 561,857 | $88M | 2.4% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 557,955 | $87M | 2.4% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 484,249 | $76M | 2.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 431,301 | $67M | 1.9% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 420,742 | $66M | 1.8% | 2026-Q2 |
| KENSICO CAPITAL MANAGEMENT CORP added | 284,100 | $44M | 1.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 259,287 | $40M | 1.1% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 244,324 | $38M | 1.1% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 238,770 | $37M | 1.0% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 236,316 | $37M | 1.0% | 2026-Q2 |
| Bank of New York Mellon Corp added | 232,481 | $36M | 1.0% | 2026-Q2 |
| Copeland Capital Management, LLC added | 229,546 | $36M | 1.0% | 2026-Q2 |
| UBS Group AG added | 209,075 | $33M | 0.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 206,136 | $32M | 0.9% | 2026-Q2 |
| Quantinno Capital Management LP added | 203,220 | $32M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 192,610 | $30M | 0.8% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 191,181 | $30M | 0.8% | 2026-Q2 |
| FMR LLC added | 180,968 | $28M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 179,184 | $28M | 0.8% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 169,919 | $27M | 0.7% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 166,257 | $26M | 0.7% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 162,620 | $25M | 0.7% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 162,073 | $25M | 0.7% | 2026-Q2 |
| Brookfield Corp /ON/ new | 156,792 | $24M | 0.7% | 2026-Q2 |
| NORGES BANK trimmed | 155,686 | $24M | 0.7% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 147,892 | $23M | 0.6% | 2026-Q2 |
| ROYCE & ASSOCIATES LP trimmed | 144,996 | $23M | 0.6% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 142,299 | $22M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 136,878 | $21M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 136,872 | $21M | 0.6% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 124,542 | $19M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 118,347 | $18M | 0.5% | 2026-Q2 |
| AMERICAN CAPITAL MANAGEMENT INC added | 114,947 | $18M | 0.5% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 112,779 | $18M | 0.5% | 2026-Q2 |
| Crawford Fund Management, LLC added | 109,500 | $17M | 0.5% | 2026-Q2 |
| DF DENT & CO INC added | 106,374 | $17M | 0.5% | 2026-Q2 |
| Jupiter Topco LLC new | 91,390 | $14M | 0.4% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 76,156 | $12M | 0.3% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 76,095 | $12M | 0.3% | 2026-Q2 |
| Candriam S.C.A. new | 74,445 | $12M | 0.3% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 69,077 | $11M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 67,188 | $10M | 0.3% | 2026-Q2 |
| LOOMIS SAYLES & CO L P added | 64,876 | $10M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 61,984 | $10M | 0.3% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 61,498 | $10M | 0.3% | 2026-Q2 |
| Chicago Capital, LLC trimmed | 60,972 | $10M | 0.3% | 2026-Q2 |
| BARLOW WEALTH PARTNERS, LLC trimmed | 57,602 | $10M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 55,898 | $9M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 54,859 | $9M | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 53,907 | $8M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 50,700 | $8M | 0.2% | 2026-Q2 |
| Nuveen, LLC trimmed | 49,783 | $8M | 0.2% | 2026-Q2 |
| Mariner, LLC added | 49,671 | $8M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 47,742 | $7M | 0.2% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 44,475 | $7M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 41,088 | $7M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 40,600 | $6M | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP added | 39,989 | $6M | 0.2% | 2026-Q2 |
| ALGERT GLOBAL LLC trimmed | 35,197 | $5M | 0.2% | 2026-Q2 |
| Creative Planning added | 34,701 | $5M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 33,811 | $5M | 0.1% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 33,499 | $5M | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 32,754 | $5M | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 32,638 | $5M | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd added | 31,566 | $5M | 0.1% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 31,222 | $5M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 27,906 | $4M | 0.1% | 2026-Q2 |
| Legal & General Group Plc trimmed | 27,422 | $4M | 0.1% | 2026-Q2 |
| Allianz Asset Management GmbH | 27,104 | $5M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 26,602 | $4M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 26,415 | $4M | 0.1% | 2026-Q2 |
| NICHOLAS COMPANY, INC. | 26,185 | $4M | 0.1% | 2026-Q2 |
| CAXTON ASSOCIATES LLP trimmed | 24,236 | $4M | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 24,099 | $4M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 23,623 | $4M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 22,952 | $4M | 0.1% | 2026-Q2 |
| Vident Advisory, LLC added | 22,877 | $4M | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 22,838 | $4M | 0.1% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 22,812 | $4M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 22,310 | $3M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP added | 21,114 | $3M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 19,503 | $3M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 18,661 | $3M | 0.1% | 2026-Q2 |
| MidFirst Bank trimmed | 18,560 | $3M | 0.1% | 2026-Q2 |
| GHP Investment Advisors, Inc. added | 18,361 | $3M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 18,309 | $3M | 0.1% | 2026-Q2 |
| Numerai GP LLC added | 18,066 | $3M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 17,903 | $3M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 17,641 | $3M | 0.1% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC new | 16,454 | $3M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd trimmed | 16,054 | $3M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.