Morningstar Ownership | Who Owns Morningstar?

Overview Forecast RevenueFinancials Chart

Morningstar Ownership Summary

Morningstar is owned by 36.27% institutional investors, 47.73% insiders, and 15.99% retail investors. Blackrock is the largest institutional shareholder, holding 5.94% of MORN shares. Eaton Vance Atlanta Capital SMID-Cap I is the top mutual fund, with 3.57% of its assets in Morningstar shares.

MORN Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Morningstar	36.27%	47.73%	15.99%
Sector	Financial Services Stocks	32.19%	15.44%	52.37%
Industry	Financial Data & Stock Exchanges Stocks	42.82%	15.06%	42.12%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock	2.54M	5.94%	$750.47M
Vanguard group	2.37M	5.60%	$515.97M
Blackrock funding, inc. /de	2.36M	5.57%	$513.55M
Select equity group	2.10M	4.95%	$488.08M
Morgan stanley	2.01M	4.73%	$435.99M
Bank of america corp /de/	1.53M	3.58%	$451.64M
Bamco inc /ny/	1.41M	3.33%	$328.13M
Kayne anderson rudnick investment management	765.46K	1.80%	$177.60M
State street	763.22K	1.80%	$177.08M
Wellington management group llp	612.83K	1.44%	$142.18M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Incline global management	66.98K	4.61%	$15.54M
Touchstone capital	26.23K	3.12%	$6.09M
Sea cliff partners management, lp	26.00K	2.31%	$6.03M
Gallo partners, lp	13.33K	2.31%	$3.09M
Cooper investors pty	31.89K	2.30%	$6.93M
Select equity group	2.10M	2.01%	$488.08M
Liontrust investment partners llp	333.63K	1.63%	$112.35M
Kensington investment counsel	10.68K	1.50%	$3.60M
Bradyco	4.86K	1.31%	$1.06M
Barlow wealth partners	55.53K	1.30%	$12.04M

Top Buyers

Holder	Shares	% Assets	Change
Select equity group	2.10M	2.01%	990.40K
Jane street group	424.27K	0.01%	299.67K
Norges bank	286.99K	0.01%	286.99K
Voloridge investment management	187.13K	0.15%	146.69K
Ubs group	295.35K	0.01%	138.60K

Top Sellers

Holder	Shares	% Assets	Change
Vanguard group	2.37M	0.01%	-235.97K
Millennium management	287.66K	0.05%	-207.45K
Bank of america corp /de/	1.53M	0.04%	-172.56K
Wellington management group llp	612.83K	0.02%	-168.01K
Amundi	-	-	-162.68K

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	286.99K	0.01%	286.99K	$62.37M
Incline global management	66.98K	4.61%	66.98K	$15.54M
Touchstone capital	26.23K	3.12%	26.23K	$6.09M
Berkeley	17.38K	1.20%	17.38K	$3.78M
Natixis advisors	13.71K	0.00%	13.71K	$2.98M

Sold Out

Holder	Change
Twin peaks wealth advisors	-1.00
Claris advisors, llc / mo /	-1.00
Tfc financial management	-1.00
Hhm wealth advisors	-2.00
Addison advisors	-2.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	370	-19.21%	15,380,187	-38.24%	36	1.06%	181	-15.81%	146	-18.44%
Sep 30, 2025	439	-8.16%	24,387,254	-4.95%	57	1.57%	207	-16.53%	172	10.26%
Jun 30, 2025	474	2.16%	25,619,652	2.87%	60	1.78%	246	-2.38%	156	17.29%
Mar 31, 2025	462	2.67%	24,906,751	-3.22%	58	1.62%	252	10.53%	134	-7.59%
Dec 31, 2024	423	2.92%	24,769,169	-2.98%	57	1.63%	212	-2.75%	140	33.33%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Eaton Vance Atlanta Capital SMID-Cap I	1.41M	3.57%	-
Baron Small Cap Growth Strategy	920.00K	2.18%	-
Vanguard US Total Market Shares ETF	877.50K	2.05%	559.00
Baron Growth Strategy	776.00K	1.96%	-144.00K
Baron Growth Retail	776.00K	1.96%	-144.00K
iShares Core S&P Mid-Cap ETF	769.53K	1.94%	-56.98K
Vanguard Total Stock Mkt Idx Inv	707.09K	1.79%	1.34K
Vanguard Small Cap Index	512.41K	1.29%	-160.00
Virtus KAR Small-Cap Growth I	459.53K	1.16%	-64.98K
MFS Mid Cap Growth Equity	453.80K	1.08%	-175.73K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Mar 04, 2026	Holt Michael	Chief Financial Officer	Buy	$186.59K
Mar 02, 2026	Mansueto Joseph D	Executive Chairman	Sell	$569.19K
Feb 26, 2026	Mansueto Joseph D	Executive Chairman	Sell	$284.76K
Feb 26, 2026	Mansueto Joseph D	Executive Chairman	Sell	$34.58K
Feb 26, 2026	Mansueto Joseph D	Executive Chairman	Sell	$17.46K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	1	71
2025 Q4	-	50
2025 Q3	-	57
2025 Q2	-	65
2025 Q1	-	83

MORN Ownership FAQ

Who Owns Morningstar?

Morningstar shareholders are primarily institutional investors at 36.27%, followed by 47.73% insiders and 16.00% retail investors. The average institutional ownership in Morningstar's industry, Financial Data & Stock Exchanges Stocks, is 42.82%, which Morningstar falls below.

Who owns the most shares of Morningstar?

Morningstar’s largest shareholders are Blackrock (2.54M shares, 5.94%), Vanguard group (2.37M shares, 5.60%), and Blackrock funding, inc. /de (2.36M shares, 5.57%). Together, they hold 17.11% of Morningstar’s total shares outstanding.

Does Blackrock own Morningstar?

Yes, BlackRock owns 5.94% of Morningstar, totaling 2.54M shares as of Jun 2024. This represents 0.02% of BlackRock's total assets, with a market value of 750.47M$. In the last quarter, BlackRock increased its holdings by 89.44K shares, a 3.65% change.

Who is Morningstar’s biggest shareholder by percentage of total assets invested?

Incline global management is Morningstar’s biggest shareholder by percentage of total assets invested, with 4.61% of its assets in 66.98K Morningstar shares, valued at 15.54M$.

Who is the top mutual fund holder of Morningstar shares?

Eaton Vance Atlanta Capital SMID-Cap I is the top mutual fund holder of Morningstar shares, with 3.57% of its total shares outstanding invested in 1.41M Morningstar shares.

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