Morningstar Ownership | Who Owns Morningstar?

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Morningstar Ownership Summary

Morningstar is owned by 60.28% institutional investors, 44.82% insiders. Vanguard group is the largest institutional shareholder, holding 6.54% of MORN shares. Eaton Vance Atlanta Capital SMID-Cap I is the top mutual fund, with 3.35% of its assets in Morningstar shares.

MORN Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Morningstar	60.28%	44.82%	-5.10%
Sector	Financial Services Stocks	51.64%	15.54%	32.82%
Industry	Financial Data & Stock Exchanges Stocks	76.20%	16.16%	7.64%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	2.80M	6.54%	$944.14M
Blackrock	2.54M	5.94%	$750.47M
Blackrock funding, inc. /de	2.52M	5.93%	$790.95M
Morgan stanley	2.02M	4.73%	$597.69M
Bank of america corp /de/	1.53M	3.58%	$451.64M
Bamco inc /ny/	1.30M	3.05%	$406.64M
Select equity group	1.11M	2.62%	$349.50M
Wellington management group llp	1.08M	2.52%	$363.90M
Kayne anderson rudnick investment management	848.57K	2.00%	$266.39M
State street	775.60K	1.82%	$229.46M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Touchstone capital	26.23K	3.12%	$6.09M
Sea cliff partners management, lp	24.00K	2.57%	$7.53M
Premier fund managers	200.81K	2.29%	$62.88M
Cooper investors pty	30.98K	1.96%	$7.19M
Liontrust investment partners llp	333.63K	1.63%	$112.35M
Kensington investment counsel	10.68K	1.50%	$3.60M
Select equity group	1.11M	1.46%	$349.50M
Barlow wealth partners	57.48K	1.41%	$12.64M
American capital management	97.48K	1.27%	$30.60M
Bamco inc /ny/	1.30M	1.10%	$406.64M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	331.67K	0.01%	331.67K
Amundi	162.68K	0.02%	161.97K
Wellington management group llp	1.08M	0.07%	130.09K
Ubs group	107.89K	0.01%	90.12K
Blackrock	2.54M	0.02%	89.44K

Top Sellers

Holder	Shares	% Assets	Change
Allspring global investments	-	-	-212.17K
Millennium management	287.66K	0.05%	-207.45K
Massachusetts financial services co /ma/	451.24K	0.03%	-188.89K
Blackrock funding, inc. /de	2.52M	0.02%	-184.50K
Bank of america corp /de/	1.53M	0.04%	-172.56K

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	331.67K	0.01%	331.67K	$111.69M
Toronto dominion bank	50.64K	0.03%	50.64K	$15.90M
Two sigma investments, lp	36.24K	0.03%	36.24K	$12.20M
Susquehanna portfolio strategies	29.07K	0.20%	29.07K	$9.13M
Touchstone capital	26.23K	3.12%	26.23K	$6.09M

Sold Out

Holder	Change
Tfc financial management	-1.00
Claris advisors, llc / mo /	-1.00
American capital advisory	-1.00
Quaker wealth management	-1.00
Twin peaks wealth advisors	-1.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
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%
Sep 30, 2024	406	2.53%	25,490,565	-1.30%	59	1.63%	217	20.56%	102	-29.66%
Jun 30, 2024	389	0.26%	25,754,795	1.43%	60	1.71%	176	-9.28%	143	25.44%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Eaton Vance Atlanta Capital SMID-Cap I	1.41M	3.35%	-112.14K
Baron Growth Retail	920.00K	2.18%	-
Baron Small Cap Growth Strategy	920.00K	2.18%	-
iShares Core S&P Mid-Cap ETF	866.38K	2.05%	-
Vanguard US Total Market Shares ETF	877.50K	2.05%	559.00
Vanguard Total Stock Mkt Idx Inv	796.25K	1.89%	-19.59K
Vanguard Small Cap Index	615.17K	1.46%	-4.11K
Virtus KAR Small-Cap Growth I	524.51K	1.24%	-45.78K
MFS Mid Cap Growth Equity	453.80K	1.08%	-175.73K
Vanguard Explorer Inv	373.40K	0.89%	12.33K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Nov 03, 2025	Mansueto Joseph D	Executive Chairman	Sell	$64.28K
Nov 04, 2025	Mansueto Joseph D	Executive Chairman	Sell	$395.63K
Nov 03, 2025	Mansueto Joseph D	Executive Chairman	Sell	$1.16M
Nov 03, 2025	Mansueto Joseph D	Executive Chairman	Sell	$316.46K
Nov 04, 2025	Mansueto Joseph D	Executive Chairman	Sell	$880.54K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	6
2025 Q3	-	57
2025 Q2	-	65
2025 Q1	-	83
2024 Q4	-	89

MORN Ownership FAQ

Who Owns Morningstar?

Morningstar shareholders are primarily institutional investors at 60.28%, followed by 44.82% insiders and -5.10% retail investors. The average institutional ownership in Morningstar's industry, Financial Data & Stock Exchanges Stocks, is 76.20%, which Morningstar falls below.

Who owns the most shares of Morningstar?

Morningstar’s largest shareholders are Vanguard group (2.8M shares, 6.54%), Blackrock (2.54M shares, 5.94%), and Blackrock funding, inc. /de (2.52M shares, 5.93%). Together, they hold 18.40% 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?

Eaton Vance Atlanta Capital SMID-Cap I is the top mutual fund holder of Morningstar shares, with 3.35% of its total shares outstanding invested in 1.41M Morningstar shares.

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