Morningstar Ownership | Who Owns Morningstar?

Overview Forecast RevenueFinancials Chart

Morningstar Ownership Summary

Morningstar is owned by 62.38% institutional investors, 49.81% insiders. Bamco inc /ny/ is the largest institutional shareholder, holding 8.95% of MORN shares. Baron Partners Retail is the top mutual fund, with 4.98% of its assets in Morningstar shares.

MORN Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Morningstar	62.38%	49.81%	-12.19%
Sector	Financial Services Stocks	734.95%	13.85%	-648.79%
Industry	Financial Data & Stock Exchanges Stocks	70.57%	14.71%	14.71%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Bamco inc /ny/	3.50M	8.95%	$545.94M
Blackrock	2.54M	5.94%	$750.47M
Vanguard group	2.37M	5.60%	$515.97M
Blackrock funding, inc. /de	2.08M	5.32%	$324.79M
Wellington management group llp	1.49M	3.82%	$232.94M
Morgan stanley	1.48M	3.80%	$231.56M
Aqr capital management	1.30M	3.34%	$203.51M
Vanguard capital management	894.41K	2.29%	$139.55M
State street	716.47K	1.83%	$111.78M
Geode capital management	578.32K	1.48%	$90.24M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Touchstone capital	26.23K	3.12%	$6.09M
Crawford fund management	109.50K	2.62%	$17.08M
Sea cliff partners management, lp	26.00K	2.31%	$6.03M
Gallo partners, lp	13.33K	2.31%	$3.09M
Kensington investment counsel	10.68K	1.50%	$3.60M
Barlow wealth partners	57.60K	1.03%	$9.51M
Covey capital advisors	2.60K	0.88%	$817.47K
Bradyco	4.86K	0.87%	$758.88K
Bamco inc /ny/	3.50M	0.82%	$545.94M
American capital management	114.95K	0.80%	$17.93M

Top Buyers

Holder	Shares	% Assets	Change
Bamco inc /ny/	3.50M	0.82%	2.74M
Aqr capital management	1.30M	0.07%	680.76K
Sixth street partners management company	206.14K	0.00%	206.14K
Brookfield corp /on/	156.79K	0.03%	156.79K
Norges bank	155.69K	0.00%	155.69K

Top Sellers

Holder	Shares	% Assets	Change
Select equity group	-	-	-637.72K
Two sigma investments, lp	484.25K	0.05%	-375.21K
Wasatch advisors lp	-	-	-336.06K
Blackrock funding, inc. /de	2.08M	0.00%	-256.48K
Morgan stanley	1.48M	0.01%	-246.41K

New Positions

Holder	Shares	% Assets	Change	Value
Sixth street partners management company	206.14K	0.00%	206.14K	$32.16M
Brookfield corp /on/	156.79K	0.03%	156.79K	$24.46M
Norges bank	155.69K	0.00%	155.69K	$24.29M
Candriam s.c.a.	74.44K	0.05%	74.44K	$11.60M
Touchstone capital	26.23K	3.12%	26.23K	$6.09M

Sold Out

Holder	Change
Bay harbor wealth management	-1.00
Dunhill financial	-1.00
Claris advisors, llc / mo /	-1.00
Tfc financial management	-1.00
Seneschal advisors	-1.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2026	421	-6.65%	24,390,673	3.48%	62	1.97%	196	-17.30%	170	-
Mar 31, 2026	271	-43.19%	7,393,726	-69.48%	17	0.53%	138	-41.28%	103	-46.07%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Baron Partners Retail	1.89M	4.98%	1.89M
Eaton Vance Atlanta Capital SMID-Cap I	842.29K	2.25%	-93.55K
Baron Small Cap Growth Strategy	920.00K	2.18%	-
Vanguard US Total Market Shares ETF	877.50K	2.05%	559.00
iShares Core S&P Mid-Cap ETF	757.54K	2.02%	23.00
Baron Focused Growth Retail	728.18K	1.91%	637.18K
Baron Focused Growth Strategy	728.18K	1.91%	637.18K
Vanguard Windsor Investor Shares	677.93K	1.81%	-11.47K
Vanguard MStar Total Stk Mkt Idx Invest	606.32K	1.62%	2.04K
Vanguard Morn Total Stk Mkt Idx Investor	604.27K	1.59%	-91.02K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Aug 24, 2026	Mansueto Joseph D	Executive Chairman	Sell	$380.07K
Aug 24, 2026	Mansueto Joseph D	Executive Chairman	Sell	$214.61K
Aug 24, 2026	Mansueto Joseph D	Executive Chairman	Sell	$47.52K
Aug 24, 2026	Mansueto Joseph D	Executive Chairman	Sell	$256.58K
Aug 24, 2026	Mansueto Joseph D	Executive Chairman	Sell	$289.64K

Insider Transactions Trends

Date	Buy	Sell
2026 Q3	-	66
2026 Q2	-	72
2026 Q1	1	71
2025 Q4	-	50
2025 Q3	-	57

MORN Ownership FAQ

Who Owns Morningstar?

Morningstar shareholders are primarily institutional investors at 62.38%, followed by 49.81% insiders and -12.19% retail investors. The average institutional ownership in Morningstar's industry, Financial Data & Stock Exchanges Stocks, is 70.57%, which Morningstar falls below.

Who owns the most shares of Morningstar?

Morningstar’s largest shareholders are Bamco inc /ny/ (3.5M shares, 8.95%), Blackrock (2.54M shares, 5.94%), and Vanguard group (2.37M shares, 5.60%). Together, they hold 20.49% 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?

Touchstone capital is Morningstar’s biggest shareholder by percentage of total assets invested, with 3.12% of its assets in 26.23K Morningstar shares, valued at 6.09M$.

Who is the top mutual fund holder of Morningstar shares?

Baron Partners Retail is the top mutual fund holder of Morningstar shares, with 4.98% of its total shares outstanding invested in 1.89M Morningstar shares.

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