Morningstar Ownership | Who Owns Morningstar?


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Morningstar Ownership Summary


Morningstar is owned by 17.65% institutional investors, 49.31% insiders, and 33.04% 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 2.87% of its assets in Morningstar shares.

MORN Ownership Benchmark


TypeName% Inst% Insiders% Retail
StockMorningstar17.65%49.31%33.04%
SectorFinancial Services Stocks 37.05%15.59%47.36%
IndustryFinancial Data & Stock Exchanges Stocks52.52%15.29%32.19%

Institutional Shareholders


Top Institutional Shareholders by Total Shares

HolderShares% HoldingValue
Blackrock2.54M5.94%$750.47M
Vanguard group2.37M5.60%$515.97M
Blackrock funding, inc. /de2.34M5.58%$395.28M
Morgan stanley1.73M4.13%$292.55M
Wellington management group llp1.66M3.97%$281.03M
Bank of america corp /de/1.53M3.58%$451.64M
Two sigma investments, lp859.46K2.05%$145.29M
Bamco inc /ny/759.51K1.81%$128.40M
State street735.57K1.76%$124.35M
Los angeles capital management645.38K1.54%$109.10M

Top Institutional Shareholders by % of Total Assets

HolderShares% AssetsValue
Incline global management88.35K5.87%$14.94M
Touchstone capital26.23K3.12%$6.09M
Crawford fund management89.20K2.90%$15.08M
Sea cliff partners management, lp26.00K2.31%$6.03M
Gallo partners, lp13.33K2.31%$3.09M
Kensington investment counsel10.68K1.50%$3.60M
Barlow wealth partners57.72K1.18%$10.64M
American capital management108.34K0.98%$18.31M
Aurora investment counsel9.53K0.89%$1.61M
Berkeley15.57K0.88%$2.63M

Top Buyers

HolderShares% AssetsChange
Los angeles capital management645.38K0.43%645.27K
Wellington management group llp1.66M0.05%526.19K
Two sigma investments, lp859.46K0.12%477.00K
Norges bank286.99K0.01%286.99K
Bnp paribas asset management186.05K0.04%159.20K

Top Sellers

HolderShares% AssetsChange
Select equity group637.72K0.55%-884.77K
Bamco inc /ny/759.51K0.39%-482.28K
Wasatch advisors lp---336.06K
Aqr capital management623.63K0.05%-276.67K
Morgan stanley1.73M0.02%-275.78K

New Positions

HolderShares% AssetsChangeValue
Norges bank286.99K0.01%286.99K$62.37M
Vanguard fiduciary trust142.84K0.01%142.84K$24.15M
Kensico capital management135.00K0.47%135.00K$22.82M
Macquarie management91.29K0.03%91.29K$15.43M
River road asset management42.08K0.08%42.08K$7.11M

Sold Out

HolderChange
Tfc financial management-1.00
Bay harbor wealth management-1.00
Optiver b.v.-1.00
Claris advisors, llc / mo /-1.00
Dunhill financial-1.00

Institutional Ownership Trends


DateHoldingsChange %SharesChange %OwnershipChange %Increased PositionChange %Decreased PositionChange %
Mar 31, 2026271-43.19%7,393,726-69.48%170.53%138-41.28%103-46.07%
Dec 31, 2025370-19.21%15,380,187-38.24%361.06%181-15.81%146-18.44%
Sep 30, 2025439-8.16%24,387,254-4.95%571.57%207-16.53%17210.26%
Jun 30, 20254742.16%25,619,6522.87%601.78%246-2.38%15617.29%
Mar 31, 20254622.67%24,906,751-3.22%581.62%25210.53%134-7.59%

Top Mutual Funds Shareholders


HolderShares% HoldingChange
Eaton Vance Atlanta Capital SMID-Cap I1.09M2.87%-282.74K
Baron Small Cap Growth Strategy920.00K2.18%-
Vanguard US Total Market Shares ETF877.50K2.05%559.00
iShares Core S&P Mid-Cap ETF775.56K2.04%-384.00
Vanguard Total Stock Mkt Idx Inv694.39K1.83%1.74K
Vanguard Windsor Investor Shares689.40K1.81%325.11K
Baron Growth Retail535.00K1.39%-241.00K
Baron Growth Strategy535.00K1.39%-241.00K
Vanguard Small Cap Index501.46K1.32%-630.00
Vanguard Explorer Inv444.17K1.17%19.08K

Recent Insider Transactions


DateNameRoleActivityValue
May 27, 2026Lyons William M-Sell$125.30K
May 22, 2026Mansueto Joseph D Executive ChairmanSell$55.19K
May 21, 2026Mansueto Joseph D Executive ChairmanSell$875.59K
May 21, 2026Mansueto Joseph D Executive ChairmanSell$334.51K
May 21, 2026Mansueto Joseph D Executive ChairmanSell$40.73K

Insider Transactions Trends


DateBuySell
2026 Q2-72
2026 Q1171
2025 Q4-50
2025 Q3-57
2025 Q2-65

MORN Ownership FAQ


Who Owns Morningstar?

Morningstar shareholders are primarily institutional investors at 17.65%, followed by 49.31% insiders and 33.04% retail investors. The average institutional ownership in Morningstar's industry, Financial Data & Stock Exchanges Stocks, is 52.52%, 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 (2.34M shares, 5.58%). Together, they hold 17.12% 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 5.87% of its assets in 88.35K Morningstar shares, valued at 14.94M$.

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 2.87% of its total shares outstanding invested in 1.09M Morningstar shares.

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