Morningstar, Inc.
Morningstar, Inc. (MORN) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · MORN · as of Sep 30, 2025
Ownership Breakdown
460
Institutional Holders
▼ 23 vs Q2
$5.82B
Total Inst. Value
▼ $2.24B vs Q2
38.03M
Shares Outstanding
freeFloat 51.27%
24.91M
13F Shares Held
▼ 764,463 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
MORN largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC investment advice | 2.61M | 6.14% | 6.14% | $605.62B | Nov 7, 2025 | ▼ 23.5K |
BLACKROCK, INC. investment advice | 2.39M | 5.63% | 5.63% | $555.62B | Nov 12, 2025 | ▼ 124.7K |
SELECT EQUITY GROUP, L.P. investment advice | 2.10M | 4.95% | 4.95% | $488.08B | Nov 14, 2025 | ▲ 990.4K |
MORGAN STANLEY investment advice | 1.96M | 4.61% | 4.61% | $454.50B | May 27, 2026 | ▼ 114.0K |
BAMCO INC /NY/ investment advice | 1.41M | 3.33% | 3.33% | $328.13B | Nov 14, 2025 | ▲ 119.0K |
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC investment advice | 765.5K | 1.80% | 1.80% | $177.60B | Nov 13, 2025 | ▼ 83.1K |
STATE STREET CORP investment advice | 763.2K | 1.80% | 1.80% | $177.08B | Nov 14, 2025 | ▼ 21.0K |
GEODE CAPITAL MANAGEMENT, LLC investment advice | 615.8K | 1.45% | 1.45% | $142.89B | Nov 12, 2025 | ▼ 11.1K |
WELLINGTON MANAGEMENT GROUP LLP investment advice | 612.8K | 1.44% | 1.44% | $142.18B | Nov 14, 2025 | ▼ 168.0K |
AQR CAPITAL MANAGEMENT LLC investment advice | 608.2K | 1.43% | 1.43% | $141.12B | Nov 14, 2025 | ▲ 314.3K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
27
Increased
+2.92M shares0
New Positions
first time holders23
Decreased
−2.95M shares0
Sold Out
fully exitedNet shares change (top 50)
24.3K
+2.92M / −2.95M
Net new holders
+4
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
MORN insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
18
Buy transactions
77
Sell transactions
0.23
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Lyons William M director | May 27, 2026 | Sale | 700 | $179.00 | $125.3K | 13.9K | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 21, 2026 | Sale | 5,081 | $172.33 | $875.6K | 8.05M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 21, 2026 | Sale | 1,935 | $172.87 | $334.5K | 8.05M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 21, 2026 | Sale | 234 | $174.07 | $40.7K | 8.05M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 22, 2026 | Sale | 317 | $174.09 | $55.2K | 8.05M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 22, 2026 | Sale | 114 | $174.98 | $19.9K | 8.05M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 22, 2026 | Sale | 741 | $176.30 | $130.6K | 8.04M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 22, 2026 | Sale | 578 | $177.08 | $102.4K | 8.04M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 22, 2026 | Sale | 293 | $178.39 | $52.3K | 8.04M | Form 4 ↗ |
Mansueto Joseph D Executive Chairman | May 22, 2026 | Sale | 227 | $179.52 | $40.8K | 8.04M | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Morningstar, Inc. (MORN) is primarily owned by institutional investors, who hold approximately 65.5% of total shares outstanding. Company insiders own approximately 48.73%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of Morningstar, Inc. is VANGUARD GROUP INC, holding approximately 2.61 million shares — equal to 6.14% of outstanding shares — as of September 30, 2025.
A total of 460 institutional investors currently hold MORN stock, with a combined institutional value of approximately $5.82 billion as of the most recent 13F filing period.
Frequently asked questions
MORN ownershipMorningstar, Inc. (MORN) is primarily owned by institutional investors, who hold approximately 65.5% of shares. The largest shareholder is VANGUARD GROUP INC with a 6.14% stake. Company insiders hold 48.73%. Data sourced from SEC Form 13F as of September 30, 2025.