MORNNasdaqInvestment AdviceFiscal year ends December 31
Morningstar, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$205.66−1.71 (-0.82%)
Close on Oct 19, 2026
- Market cap
- $7.84B
- P/E (TTM)
- 23.2
- Dividend yield
- 0.88%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
64.6%
24M of 38M shares
Institutional holders
419
69 new, 91 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
1 buys · 259 sales
Net sold $76.07M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Daniel Mansueto | 3,752,046 | 10.00% | 13G (passive) amendment | Jul 29, 2026 |
| Ronald Baron | 3,499,146 | 9.20% | 13G (passive) | Jun 30, 2026 |
| BlackRock, Inc. | 2,391,977 | 5.60% | 13G (passive) | Dec 31, 2023 |
| Joseph D. Mansueto | 14,709,759 | 39.20% | 13G (passive) amendment | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MORN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Bamco Inc /Ny/ | 3,499,146 | 9.33% | $545.94M | +2,739,631 | 0.82% |
| BlackRock, Inc. | 2,081,736 | 5.55% | $324.79M | −256,482 | 0.00% |
| Wellington Management Group Llp | 1,493,037 | 3.98% | $232.94M | −169,368 | 0.04% |
| Morgan Stanley | 1,484,135 | 3.96% | $231.56M | −246,414 | 0.01% |
| Aqr Capital Management LLC | 1,304,388 | 3.48% | $203.51M | +680,759 | 0.07% |
| Vanguard Portfolio Management LLC | 950,075 | 2.53% | $148.23M | −101,745 | 0.01% |
| Vanguard Capital Management LLC | 894,406 | 2.38% | $139.55M | −95,061 | 0.00% |
| State Street Corp | 716,473 | 1.91% | $111.78M | −19,101 | 0.00% |
| Geode Capital Management, LLC | 578,315 | 1.54% | $90.24M | −20,907 | 0.00% |
| Dimensional Fund Advisors LP | 561,857 | 1.50% | $87.66M | +44,088 | 0.02% |
| Los Angeles Capital Management LLC | 557,955 | 1.49% | $87.05M | −87,429 | 0.32% |
| Two Sigma Investments, LP | 484,249 | 1.29% | $75.55M | −375,210 | 0.05% |
| Jane Street Group, LLC | 431,301 | 1.15% | $67.29M | +97,440 | 0.01% |
| Arrowstreet Capital, Limited Partnership | 420,742 | 1.12% | $65.64M | +25,811 | 0.03% |
| Kensico Capital Management Corp | 284,100 | 0.76% | $44.33M | +149,100 | 0.76% |
| Invesco Ltd. | 259,287 | 0.69% | $40.45M | −25,843 | 0.00% |
| Massachusetts Financial Services Co /Ma/ | 244,324 | 0.65% | $37.94M | −10,415 | 0.01% |
| Renaissance Technologies LLC | 238,770 | 0.64% | $37.25M | −210,100 | 0.05% |
| JPMorgan Chase & Co | 236,316 | 0.63% | $36.98M | −193,740 | 0.00% |
| Bank of New York Mellon Corp | 232,481 | 0.62% | $36.27M | +57,475 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 419 | 24M | 64.6% | 69 / 130 | 172 / 91 | 5M | 5M |
| Q1 2026 | 447 | 24M | 62.9% | 71 / 167 | 172 / 94 | 6M | 5M |
| Q4 2025 | 475 | 25M | 65.3% | 91 / 147 | 191 / 58 | 3M | 4M |
| Q3 2025 | 451 | 25M | 67.3% | 52 / 163 | 178 / 75 | 4M | 5M |
| Q2 2025 | 480 | 26M | 68.7% | 69 / 181 | 159 / 50 | 3M | 2M |
| Q1 2025 | 464 | 25M | 67.4% | 67 / 189 | 134 / 48 | 2M | 2M |
| Q4 2024 | 450 | 26M | 68.6% | 75 / 158 | 144 / 28 | 2M | 2M |
| Q3 2024 | 411 | 26M | 69.5% | 58 / 164 | 106 / 32 | 4M | 1M |
| Q2 2024 | 392 | 26M | 69.4% | 45 / 140 | 143 / 34 | 1M | 5M |
| Q1 2024 | 384 | 30M | 79.6% | 56 / 138 | 112 / 23 | 4M | 1M |
| Q4 2023 | 353 | 27M | 73.1% | 53 / 113 | 129 / 20 | 3M | 2M |
| Q3 2023 | 324 | 26M | 70.1% | 69 / 101 | 96 / 37 | 4M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MORN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Baron Partners Fund | 1,892,591 | 5.05% | $295.28M | 1.64% | Jun 30, 2026 |
| Eaton Vance Atlanta Capital SMID-Cap Fund | 842,288 | 2.25% | $131.41M | 1.50% | Jun 30, 2026 |
| iShares Core S&P Mid-Cap ETF | 754,113 | 2.01% | $117.66M | 0.09% | Jun 30, 2026 |
| Baron Focused Growth Fund | 728,184 | 1.94% | $113.61M | 2.02% | Jun 30, 2026 |
| Vanguard Windsor Fund | 677,933 | 1.81% | $130.55M | 0.52% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 604,105 | 1.61% | $94.25M | 0.00% | Jun 30, 2026 |
| Baron Generational Growth Fund | 535,000 | 1.43% | $83.47M | 3.96% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 435,370 | 1.16% | $67.93M | 0.04% | Jun 30, 2026 |
| Vanguard Explorer Fund | 319,185 | 0.85% | $61.47M | 0.28% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 253,259 | 0.68% | $39.51M | 0.04% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 250,133 | 0.67% | $39.03M | 0.08% | Jun 30, 2026 |
| Invesco S&P MidCap Quality ETF | 154,946 | 0.41% | $29.84M | 0.55% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 130,056 | 0.35% | $25.04M | 0.13% | Jul 31, 2026 |
| Vanguard Dividend Appreciation Index Fund | 124,816 | 0.33% | $24.04M | 0.02% | Jul 31, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 123,361 | 0.33% | $22.45M | 0.01% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Joseph D. Mansueto | Executive Chairman, Director, 10% owner | 14,216,093 | 37.90% | Aug 24, 2026 |
| Kunal Kapoor | CEO, Director | 152,866 | 0.41% | May 19, 2026 |
| Conan Wiersema | CAO & PAO | 3,068 | 0.01% | Sep 2, 2026 |
| Michael Holt | Chief Financial Officer | 12,272 | 0.03% | Sep 2, 2026 |
| Daniel Joseph Dunn | Chief Revenue Officer | 15,005 | 0.04% | Nov 18, 2025 |
| Jason Dubinsky | Chief Financial Officer | 17,304 | 0.05% | Dec 16, 2024 |
| William M. Lyons | Director | 12,904 | 0.03% | Aug 3, 2026 |
| Doniel Sutton | Director | 4,970 | 0.01% | May 19, 2026 |
| Anne L. Bramman | Director | 1,505 | 0.00% | May 19, 2026 |
| Cheryl A. Francis | Director | 36,934 | 0.10% | May 19, 2026 |
| Steven N. Kaplan | Director | 43,080 | 0.11% | May 19, 2026 |
| Caroline J. Tsay | Director | 4,889 | 0.01% | May 19, 2026 |
| Robin Diamonte | Director | 11,338 | 0.03% | May 19, 2026 |
| Stephen Joynt | Director | 6,282 | 0.02% | May 19, 2026 |
| Gail S. Landis | Director | 6,069 | 0.02% | May 19, 2025 |
| Daniel Mansueto | 10% owner | 3,483,827 | 9.29% | Aug 26, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Michael Holt Chief Financial Officer | Sep 1, 2026 | Tax withholding | −54 | $218.94 | $11.82K | 12,272 |
| Conan Wiersema CAO & PAO | Sep 1, 2026 | Tax withholding | −29 | $218.94 | $6.35K | 3,068 |
| Daniel Mansueto 10% owner | Aug 24, 2026 | Other | −376,969 | – | – | 3,483,827 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 24, 2026 | Sale(10b5-1 plan) | −1,314 | $220.42 | $289.63K | 7,938,418 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 24, 2026 | Sale(10b5-1 plan) | −978 | $219.44 | $214.61K | 7,939,732 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 24, 2026 | Sale(10b5-1 plan) | −1,181 | $217.26 | $256.58K | 7,942,450 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 24, 2026 | Sale(10b5-1 plan) | −220 | $216.01 | $47.52K | 7,943,631 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 24, 2026 | Sale(10b5-1 plan) | −226 | $221.12 | $49.97K | 7,938,192 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 24, 2026 | Sale(10b5-1 plan) | −1,740 | $218.43 | $380.07K | 7,940,710 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 21, 2026 | Sale(10b5-1 plan) | −268 | $217.57 | $58.31K | 7,943,851 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 21, 2026 | Sale(10b5-1 plan) | −3,827 | $216.70 | $829.31K | 7,944,119 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 20, 2026 | Sale(10b5-1 plan) | −1,359 | $214.17 | $291.06K | 7,950,680 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 20, 2026 | Sale(10b5-1 plan) | −3,157 | $212.87 | $672.03K | 7,952,039 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 20, 2026 | Sale(10b5-1 plan) | −1,938 | $215.18 | $417.02K | 7,948,742 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 20, 2026 | Sale(10b5-1 plan) | −295 | $216.16 | $63.77K | 7,948,447 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 20, 2026 | Sale(10b5-1 plan) | −501 | $217.13 | $108.78K | 7,947,946 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −369 | $215.93 | $79.68K | 7,955,385 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −426 | $211.52 | $90.11K | 7,961,226 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −680 | $210.24 | $142.96K | 7,961,652 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −114 | $208.21 | $23.74K | 7,962,332 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −189 | $217.01 | $41.01K | 7,955,196 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −3,031 | $213.96 | $648.51K | 7,957,539 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 19, 2026 | Sale(10b5-1 plan) | −1,785 | $214.81 | $383.44K | 7,955,754 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 18, 2026 | Sale(10b5-1 plan) | −656 | $212.53 | $139.42K | 7,960,570 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 18, 2026 | Sale(10b5-1 plan) | −106 | $212.20 | $22.49K | 7,962,446 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 18, 2026 | Sale(10b5-1 plan) | −1,588 | $211.26 | $335.48K | 7,962,552 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 18, 2026 | Sale(10b5-1 plan) | −2,708 | $210.32 | $569.55K | 7,964,140 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 18, 2026 | Sale(10b5-1 plan) | −1,935 | $209.48 | $405.34K | 7,966,848 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 18, 2026 | Sale(10b5-1 plan) | −913 | $208.13 | $190.02K | 7,968,783 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 17, 2026 | Sale(10b5-1 plan) | −1,501 | $207.81 | $311.92K | 7,969,696 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 17, 2026 | Sale(10b5-1 plan) | −5,749 | $206.84 | $1.19M | 7,971,197 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 14, 2026 | Sale(10b5-1 plan) | −240 | $208.45 | $50.03K | 7,977,223 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 14, 2026 | Sale(10b5-1 plan) | −2,809 | $207.33 | $582.39K | 7,977,463 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 14, 2026 | Sale(10b5-1 plan) | −3,924 | $206.28 | $809.44K | 7,980,272 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 14, 2026 | Sale(10b5-1 plan) | −277 | $209.38 | $58.00K | 7,976,946 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −178 | $206.78 | $36.81K | 7,984,196 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −52 | $205.66 | $10.69K | 7,984,374 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −78 | $203.79 | $15.90K | 7,984,426 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −52 | $202.09 | $10.51K | 7,984,504 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −2,936 | $197.88 | $580.98K | 7,985,012 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −3,498 | $197.06 | $689.32K | 7,987,948 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −430 | $198.96 | $85.55K | 7,984,582 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 13, 2026 | Sale(10b5-1 plan) | −26 | $199.75 | $5.19K | 7,984,556 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 12, 2026 | Sale(10b5-1 plan) | −291 | $197.09 | $57.35K | 7,991,472 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 12, 2026 | Sale(10b5-1 plan) | −1,906 | $195.77 | $373.14K | 7,991,763 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 12, 2026 | Sale(10b5-1 plan) | −5,027 | $194.96 | $980.06K | 7,993,669 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 12, 2026 | Sale(10b5-1 plan) | −26 | $197.63 | $5.14K | 7,991,446 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 11, 2026 | Sale(10b5-1 plan) | −974 | $200.32 | $195.11K | 7,998,696 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 10, 2026 | Sale(10b5-1 plan) | −7,250 | $201.84 | $1.46M | 7,999,670 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −2,566 | $200.40 | $514.23K | 8,007,426 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −166 | $196.16 | $32.56K | 8,014,004 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −2,559 | $199.34 | $510.11K | 8,009,992 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −1,453 | $198.49 | $288.41K | 8,012,551 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −506 | $201.53 | $101.97K | 8,006,920 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 6, 2026 | Sale(10b5-1 plan) | −2,272 | $198.38 | $450.72K | 8,014,170 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 5, 2026 | Sale(10b5-1 plan) | −30 | $202.51 | $6.08K | 8,016,442 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 5, 2026 | Sale(10b5-1 plan) | −1,664 | $201.98 | $336.09K | 8,016,472 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 5, 2026 | Sale(10b5-1 plan) | −4,310 | $201.12 | $866.83K | 8,018,136 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 5, 2026 | Sale(10b5-1 plan) | −1,246 | $199.58 | $248.68K | 8,022,446 |
| Joseph D. Mansueto Executive Chairman, Director, 10% owner | Aug 4, 2026 | Sale(10b5-1 plan) | −64 | $201.15 | $12.87K | 8,023,692 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| William M. Lyons Director | Aug 3, 2026 | 1,000 | $199.00K | Aug 3, 2026 | Restricted Stock Lapse |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | Aug 3, 2026 | 100,000 | $19.92M | Aug 3, 2026 | Founders Shares |
| William M. Lyons Director | May 27, 2026 | 700 | $125.30K | May 27, 2026 | Restricted Stock Lapse |
| Gail S. Landis Former Affiliate | May 12, 2026 | 728 | $129.55K | May 12, 2026 | Restricted Stock Lapse |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | May 1, 2026 | 100,000 | $17.10M | May 1, 2026 | Founders Shares |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | Feb 2, 2026 | 100,000 | $20.24M | Feb 2, 2026 | Founders Shares |
| Caroline J. Tsay Director | Dec 29, 2025 | 600 | $131.09K | Dec 29, 2025 | Restricted Stock Lapse |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | Nov 3, 2025 | 100,000 | $21.20M | Nov 3, 2025 | Founders Shares |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | Aug 4, 2025 | 100,000 | $27.28M | Aug 4, 2025 | Founders Shares |
| Caroline J. Tsay Director | May 16, 2025 | 200 | $61.97K | May 16, 2025 | Restricted Stock Lapse |
| Michael Holt Officer | May 12, 2025 | 353 | $109.08K | May 12, 2025 | RSU and PSU |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | May 1, 2025 | 100,000 | $28.41M | May 1, 2025 | Founders Shares |
| Joseph D. Mansueto Officer, Director, 10% Stockholder | Feb 3, 2025 | 125,000 | $40.99M | Feb 3, 2025 | Founders Shares |
| Jason Dubinsky Officer | Dec 13, 2024 | 3,223 | $1.14M | Dec 13, 2024 | RSU / PSU |
| Steven N. Kaplan Director | Nov 12, 2024 | 1,250 | $435.73K | Nov 11, 2024 | Restricted Stock Lapse |