$MORN

$215.78 -$9.51 (4.22%) Close

$MORN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 37.5M shares outstanding

Who owns MORN?

By type of holder

Institutions 64.7% Insiders 23.4% Everyone else 12.0%

Concentration Top 10 holders own 56.8%

Mansueto Joseph D 22.4% · Bamco Inc /ny/ 9.3%

Institutional ownership

64.7%

+1.8 pts vs last qtr

Institutional holders

420

-28 vs last qtr

Net shares bought

+679.7K

by institutions in Q2 2026

New / sold out

69 / 97

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Bamco Inc /ny/ +2.7M
Aqr Capital Management LLC +680.8K

Biggest sellers in Q2 2026

Select Equity Group, L.P. SOLD OUT −637.7K
Two Sigma Investments, LP −375.2K

Who is planning to sell?

Notices of proposed sale, last 12 months

$79M

8 notices from 4 people

Shares covered

403.0K

1.07% of the company

Arranged in advance

99%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Mansueto Joseph D Officer 10b5-1 $78.5M
Lyons William M Director $324K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−2.5%

−0.29% a year

Each share's claim on the business

+2.6%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$1.19B vs $440M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years69% 3–5 years5% 1–3 years17% Under 1 year9%

Quarterly turnover

21.6%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting MORN on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B/ Bamco Inc /ny/	3.5M	9.33%	+2.7M (+360.7%)	≤2021	0.8%
Shares held by quarter Peak holding3.5M (Q2'26) Change over 8 quarters+2.2M Share of the company9.330% Bamco Inc /ny/'s full portfolio →
B BlackRock, Inc.	2.1M	5.55%	−256.5K (−11.0%)	≤2021	0.0%
Shares held by quarter Peak holding2.7M (Q1'25) Change over 8 quarters−495.1K Share of the company5.550% BlackRock, Inc.'s full portfolio →

Bamco Inc /ny/

3.5M

% of company

9.33%

Change vs last qtr

+2.7M (+360.7%)

Held since

≤2021

BlackRock, Inc.

2.1M

% of company

5.55%

Change vs last qtr

−256.5K (−11.0%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Morningstar, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting MORN on Form N-PORT; together they hold 32.3% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
BP Baron Partners Fund Baron Select Funds	$295M	1.9M	5.05%	1.64%	June 30, 2026
EV Eaton Vance Atlanta Capital SMID-Cap Fund Eaton Vance Growth Trust	$131M	842.3K	2.25%	1.50%	June 30, 2026

Baron Partners Fund

Baron Select Funds

Position value

$295M

% of company

5.05%

% of the fund

1.64%

As of

June 30, 2026

Eaton Vance Atlanta Capital SMID-Cap Fund

Eaton Vance Growth Trust

Position value

$131M

% of company

2.25%

% of the fund

1.50%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Morningstar, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
MJ Mansueto Joseph D Insider	8.4M	22.36%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company22.360% Mansueto Joseph D's insider activity →
KK Kapoor Kunal Insider	151.3K	0.40%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.400% Kapoor Kunal's insider activity →

Mansueto Joseph D

Insider

8.4M

% of company

22.36%

Change vs last qtr

—

Held since

—

Kapoor Kunal

Insider

151.3K

% of company

0.40%

Change vs last qtr

—

Held since

—

11 more holders behind a free account

See every insider and 5%+ holder of Morningstar, Inc..

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