Morningstar Investment Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Morningstar Investment Management LLC reported 214 stock positions worth $1.0 billion. Its top holding was iShares US Treasury Bond ETF (GOVT) at 20.0% of the portfolio, followed by Vanguard Consumer Staple ETF (VDC, 8.3%) and VG Morningstar TS MKT ETF-US (VTI, 7.5%). Compared with Q2 2024, it opened 49 new positions, sold out of 30, added to 65 and reduced 93. The biggest buy was a new position in Schwab US REIT ETF (SCHH) and the biggest sale St Sr Utl SL SE SPDR ETF-Usd (XLU, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001673385
- Portfolio Value
- $1.0B (Q3 2024)
- SEC Filing
- 0001104659-24-116248 ↗ filed Nov 12, 2024
Holdings Value
Holdings 214 stocks · $1.0B
| GOVT iShares US Treasury Bond ETF | 19.97% | 8,777,042 | $201.9M | Add +0.7% |
| VDC Vanguard Consumer Staple ETF | 8.29% | 387,265 | $83.8M | Reduce -3.8% |
| VTI VG Morningstar TS MKT ETF-US | 7.45% | 261,332 | $75.4M | Add +11.7% |
| VHT Vanguard Health Care ETF | 7.40% | 263,940 | $74.8M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 5.42% | 332,245 | $54.8M | Add +2.9% |
| SCHO Schwab Short-Term US Treas | 5.02% | 2,087,074 | $50.7M | Add +77.3% |
| MSFT Microsoft Corp. | 3.78% | 91,271 | $38.3M | Add +22.3% |
| AAPL Apple Inc. | 3.41% | 149,112 | $34.5M | Add +1.9% |
| META Meta Platforms Inc. Class A | 3.00% | 51,442 | $30.4M | Add +0.2% |
| SCHH Schwab US REIT ETF | 2.60% | 1,161,473 | $26.3M | New |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.96% | 610,502 | $19.8M | Reduce -3.6% |
| NVDA Nvidia Corp. | 1.90% | 138,976 | $19.2M | Add +2.5% |
| KXI iShares Global Consumer Stap | 1.13% | 176,434 | $11.4M | No change |
| FLSW Franklin Ftse Switzerland | 1.12% | 317,703 | $11.3M | No change |
| VGIT Vanguard Intermediate-Term T | 1.10% | 187,584 | $11.1M | Add +183.2% |
| AMZN Amazon.com Inc. | 1.10% | 59,033 | $11.1M | Add +18.5% |
| FTEC Fidelity MSCI Info Tech Indx | 0.91% | 50,718 | $9.2M | New |
| CMCSA Comcast Corp. Class A | 0.88% | 211,883 | $8.9M | Reduce -5.3% |
| VZ Verizon Communications Inc. | 0.88% | 205,019 | $8.9M | Reduce -3.7% |
| VGLT Vanguard Long-Term Treasury | 0.76% | 129,762 | $7.7M | Reduce -0.9% |
| MOAT Vaneck Morningstar Wide Moat | 0.74% | 76,962 | $7.5M | Add +7.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.73% | 77,676 | $7.4M | Add +7.4% |
| EWY iShares MSCI South Korea ETF | 0.64% | 101,098 | $6.4M | Reduce -25.4% |
| KMI Kinder Morgan Inc. | 0.63% | 256,096 | $6.4M | Reduce -12.8% |
| WMB Williams Cos Inc. | 0.58% | 114,543 | $5.8M | Reduce -7.6% |
| OKE Oneok Inc. | 0.57% | 59,389 | $5.8M | Reduce -10.0% |
| NFLX Netflix Inc. | 0.54% | 7,671 | $5.5M | Reduce -2.8% |
| LNG Cheniere Energy Inc. | 0.52% | 27,799 | $5.2M | Reduce -15.9% |
| ET Energy Transfer LP | 0.49% | 298,226 | $4.9M | Add +33.5% |
| XLB SS Materials Select Sector | 0.48% | 50,763 | $4.9M | No change |
| XOM Exxon Mobil Corp. | 0.43% | 34,836 | $4.3M | Reduce -5.2% |
| EPD Enterprise Products Partners | 0.39% | 133,876 | $3.9M | Reduce -36.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.37% | 46,395 | $3.7M | Reduce -85.3% |
| VTIP Vanguard Short-Term Tips | 0.32% | 66,727 | $3.3M | Add +18.2% |
| WFC Wells Fargo & Co. | 0.31% | 50,646 | $3.1M | Reduce -33.5% |
| PBR Petroleo Brasileiro-Spon ADR | 0.25% | 172,005 | $2.6M | Add +6.2% |
| MPLX MPLX LP | 0.25% | 57,145 | $2.5M | Add +14.6% |
| USB US Bancorp | 0.25% | 53,377 | $2.5M | Reduce -32.2% |
| PAA Plains All Amer Pipeline LP | 0.24% | 136,534 | $2.4M | Add +16.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 57,515 | $2.4M | Reduce -42.3% |
| PNC PNC Financial Services Group | 0.23% | 12,365 | $2.3M | Reduce -39.3% |
| TRGP Targa Resources Corp. | 0.22% | 13,564 | $2.3M | Reduce -31.1% |
| MS Morgan Stanley | 0.22% | 19,594 | $2.2M | Reduce -37.2% |
| JPM JPMorgan Chase & Co. | 0.22% | 9,869 | $2.2M | Reduce -38.1% |
| TMUS T-Mobile US Inc. | 0.21% | 10,028 | $2.2M | Reduce -42.3% |
| TFC Truist Financial Corp. | 0.20% | 47,164 | $2.1M | Reduce -34.7% |
| GS Goldman Sachs Group Inc. | 0.20% | 3,915 | $2.0M | Reduce -42.8% |
| EA Electronic Arts Inc. | 0.20% | 13,743 | $2.0M | Add +14.6% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.19% | 10,492 | $1.9M | Reduce -40.5% |
| MCD McDonald's Corp. | 0.19% | 6,185 | $1.9M | Reduce -2.5% |
| CVX Chevron Corp. | 0.17% | 11,522 | $1.7M | Add +4.0% |
| CME Cme Group Inc. | 0.17% | 7,700 | $1.7M | Reduce -1.0% |
| TME Tencent Music Entertainm-ADR | 0.17% | 133,039 | $1.7M | Reduce -7.3% |
| HBAN Huntington Bancshares Inc. | 0.17% | 108,075 | $1.7M | Reduce -38.3% |
| PDD PDD Holdings Inc. | 0.16% | 12,247 | $1.7M | Reduce -18.4% |
| MDT Medtronic PLC | 0.16% | 18,068 | $1.6M | Add +61.1% |
| CSCO Cisco Systems Inc. | 0.16% | 29,798 | $1.6M | Add +95.5% |
| C Citigroup Inc. | 0.16% | 24,404 | $1.6M | Reduce -37.1% |
| V Visa Inc. Class A | 0.16% | 5,684 | $1.6M | New |
| WES Western Midstream Partners L | 0.16% | 40,108 | $1.6M | New |
| CL Colgate-Palmolive Co. | 0.15% | 15,497 | $1.6M | Add +22.0% |
| COF Capital One Financial Corp. | 0.15% | 9,760 | $1.5M | Reduce -35.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.15% | 19,859 | $1.5M | Reduce -41.4% |
| NTRS Northern Trust Corp. | 0.15% | 15,760 | $1.5M | Reduce -31.3% |
| HON Honeywell International Inc. | 0.15% | 6,781 | $1.5M | Add +65.4% |
| MDLZ Mondelez International Inc. Class A | 0.14% | 20,769 | $1.5M | Add +0.9% |
| FITB Fifth Third Bancorp | 0.14% | 31,090 | $1.4M | Reduce -39.4% |
| CFG Citizens Financial Group | 0.13% | 31,389 | $1.4M | Reduce -42.2% |
| BLK BlackRock Inc. | 0.13% | 1,359 | $1.3M | Add +46.4% |
| ICE Intercontinental Exchange Inc. | 0.13% | 8,180 | $1.3M | Reduce -0.4% |
| GILD Gilead Sciences Inc. | 0.13% | 15,756 | $1.3M | Add +1.0% |
| WM Waste Management Inc. | 0.13% | 6,050 | $1.3M | Reduce -1.4% |
| CSX CSX Corp. | 0.12% | 34,319 | $1.2M | Add +114.4% |
| DTM DT Midstream Inc. | 0.11% | 13,423 | $1.2M | New |
| ROP Roper Technologies Inc. | 0.11% | 2,057 | $1.1M | Add +33.2% |
| EMR Emerson Electric Co. | 0.11% | 10,105 | $1.1M | Reduce -0.8% |
| BMY Bristol-Myers Squibb Co. | 0.11% | 21,493 | $1.1M | Reduce -5.2% |
| ORLY O'reilly Automotive Inc. | 0.11% | 933 | $1.1M | Add +4.5% |
| MO Altria Group Inc. | 0.11% | 22,341 | $1.1M | Reduce -1.1% |
| SHW The Sherwin-Williams Co. | 0.11% | 2,837 | $1.1M | Add +115.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 9,390 | $1.1M | New |
| AM Antero Midstream Corp. | 0.11% | 69,396 | $1.1M | Reduce -7.6% |
| TXN Texas Instruments Inc. | 0.11% | 5,137 | $1.1M | Reduce -4.8% |
| SCHW Schwab (charles) Corp. | 0.11% | 15,718 | $1.1M | Reduce -0.4% |
| PFE Pfizer Inc. | 0.10% | 36,421 | $1.1M | Reduce -4.6% |
| AEP American Electric Power | 0.10% | 10,667 | $1.1M | Reduce -4.6% |
| DUK Duke Energy Corp. | 0.10% | 9,128 | $1.1M | Reduce -0.7% |
| APD Air Products & Chemicals Inc. | 0.10% | 3,278 | $1.1M | Add +72.7% |
| NOC Northrop Grumman Corp. | 0.10% | 1,953 | $1.0M | Add +67.3% |
| KEY Keycorp | 0.10% | 59,604 | $1.0M | Reduce -38.9% |
| APH Amphenol Corp. Class A | 0.10% | 15,286 | $1.0M | Reduce -1.8% |
| UNP Union Pacific Corp. | 0.10% | 3,983 | $977K | Add +92.8% |
| REGN Regeneron Pharmaceuticals | 0.10% | 954 | $968K | Add +35.1% |
| RF Regions Financial Corp. | 0.09% | 39,720 | $947K | Reduce -41.2% |
| SO The Southern Co. | 0.09% | 10,492 | $943K | Add +0.1% |
| BDX Becton Dickinson and Co. | 0.09% | 3,897 | $935K | New |
| HD Home Depot Inc. | 0.09% | 2,224 | $924K | New |
| SPG Simon Property Group Inc. | 0.09% | 5,335 | $916K | Add +110.0% |
| JNJ Johnson & Johnson | 0.09% | 5,552 | $897K | No change |
| SYK Stryker Corp. | 0.09% | 2,492 | $896K | Add +50.1% |
Portfolio Sells Q2 2024 → Q3 2024
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -85.3% | 0.37% | −1.89 |
| EWY iShares MSCI South Korea ETF | Reduce -25.4% | 0.64% | −0.30 |
| EPD Enterprise Products Partners | Reduce -36.6% | 0.39% | −0.25 |
| VDC Vanguard Consumer Staple ETF | Reduce -3.8% | 8.29% | −0.25 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −0.23 |
| VHT Vanguard Health Care ETF | Reduce -3.5% | 7.40% | −0.20 |
| BAC Bank of America Corp. | Reduce -42.3% | 0.24% | −0.18 |
| WFC Wells Fargo & Co. | Reduce -33.5% | 0.31% | −0.16 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.15 |
| KO The Coca-Cola Co. | Reduce -65.9% | 0.08% | −0.14 |
| GS Goldman Sachs Group Inc. | Reduce -42.8% | 0.20% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -38.1% | 0.22% | −0.12 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.11 |
| TMUS T-Mobile US Inc. | Reduce -42.3% | 0.21% | −0.11 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.10 |
| ABBV Abbvie Inc. | Reduce -68.4% | 0.05% | −0.10 |
| PNC PNC Financial Services Group | Reduce -39.3% | 0.23% | −0.10 |
| MS Morgan Stanley | Reduce -37.2% | 0.22% | −0.10 |
| PEP Pepsico Inc. | Reduce -64.5% | 0.06% | −0.10 |
| KMB Kimberly-Clark Corp. | Reduce -62.8% | 0.06% | −0.10 |
| C Citigroup Inc. | Reduce -37.1% | 0.16% | −0.10 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.09 |
| TFC Truist Financial Corp. | Reduce -34.7% | 0.20% | −0.09 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.09 |
| MTB M & T Bank Corp. | Reduce -40.5% | 0.19% | −0.09 |
| LNG Cheniere Energy Inc. | Reduce -15.9% | 0.52% | −0.08 |
| AMGN Amgen Inc. | Reduce -50.5% | 0.08% | −0.08 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.08 |
| USB US Bancorp | Reduce -32.2% | 0.25% | −0.08 |
| HBAN Huntington Bancshares Inc. | Reduce -38.3% | 0.17% | −0.08 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.07 |
| CFG Citizens Financial Group | Reduce -42.2% | 0.13% | −0.07 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.07 |
| COF Capital One Financial Corp. | Reduce -35.9% | 0.15% | −0.07 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.07 |
| BNY Bank of New York Mellon Corp. | Reduce -41.4% | 0.15% | −0.06 |
| FITB Fifth Third Bancorp | Reduce -39.4% | 0.14% | −0.06 |
| NTRS Northern Trust Corp. | Reduce -31.3% | 0.15% | −0.05 |
| RF Regions Financial Corp. | Reduce -41.2% | 0.09% | −0.05 |
| ANET Arista Networks Inc. | Reduce -71.4% | 0.02% | −0.05 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.05 |
| CVS CVS Health Corp. | Reduce -49.2% | 0.05% | −0.04 |
| PDD PDD Holdings Inc. | Reduce -18.4% | 0.16% | −0.04 |
| RTX RTX Corp. | Sold out | 0.00% | −0.04 |
| TME Tencent Music Entertainm-ADR | Reduce -7.3% | 0.17% | −0.04 |
| KEY Keycorp | Reduce -38.9% | 0.10% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -3.7% | 0.88% | −0.04 |
| TRGP Targa Resources Corp. | Reduce -31.1% | 0.22% | −0.04 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.04 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| SCHH Schwab US REIT ETF | New | 2.60% | +2.60 |
| VTI VG Morningstar TS MKT ETF-US | Add +11.7% | 7.45% | +0.91 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.91% | +0.91 |
| VGIT Vanguard Intermediate-Term T | Add +183.2% | 1.10% | +0.70 |
| META Meta Platforms Inc. Class A | Add +0.2% | 3.00% | +0.30 |
| MSFT Microsoft Corp. | Add +22.3% | 3.78% | +0.30 |
| AAPL Apple Inc. | Add +1.9% | 3.41% | +0.19 |
| V Visa Inc. Class A | New | 0.16% | +0.16 |
| WES Western Midstream Partners L | New | 0.16% | +0.16 |
| NVDA Nvidia Corp. | Add +2.5% | 1.90% | +0.15 |
| DTM DT Midstream Inc. | New | 0.11% | +0.11 |
| ET Energy Transfer LP | Add +33.5% | 0.49% | +0.11 |
| TJX TJX Companies Inc. | New | 0.11% | +0.11 |
| BDX Becton Dickinson and Co. | New | 0.09% | +0.09 |
| MOAT Vaneck Morningstar Wide Moat | Add +7.3% | 0.74% | +0.09 |
| HD Home Depot Inc. | New | 0.09% | +0.09 |
| AMZN Amazon.com Inc. | Add +18.5% | 1.10% | +0.09 |
| PH Parker Hannifin Corp. | New | 0.09% | +0.09 |
| CSCO Cisco Systems Inc. | Add +95.5% | 0.16% | +0.08 |
| SRE Sempra | New | 0.08% | +0.08 |
| MCK McKesson Corp. | New | 0.08% | +0.08 |
| AON Aon PLC Class A | New | 0.07% | +0.07 |
| MDT Medtronic PLC | Add +61.1% | 0.16% | +0.07 |
| AMT American Tower Corp. | New | 0.07% | +0.07 |
| SHW The Sherwin-Williams Co. | Add +115.9% | 0.11% | +0.07 |
| DE Deere & Co. | New | 0.07% | +0.07 |
| CSX CSX Corp. | Add +114.4% | 0.12% | +0.06 |
| APO Apollo Global Management Inc. | New | 0.06% | +0.06 |
| BLK BlackRock Inc. | Add +46.4% | 0.13% | +0.06 |
| HON Honeywell International Inc. | Add +65.4% | 0.15% | +0.05 |
| APD Air Products & Chemicals Inc. | Add +72.7% | 0.10% | +0.05 |
| SPG Simon Property Group Inc. | Add +110.0% | 0.09% | +0.05 |
| NOC Northrop Grumman Corp. | Add +67.3% | 0.10% | +0.05 |
| JCI Johnson Controls Internation | New | 0.05% | +0.05 |
| UNP Union Pacific Corp. | Add +92.8% | 0.10% | +0.05 |
| GM General Motors Co. | New | 0.04% | +0.04 |
| ZTS Zoetis Inc. | New | 0.04% | +0.04 |
| EQIX Equinix Inc. | New | 0.04% | +0.04 |
| SBUX Starbucks Corp. | Add +116.6% | 0.07% | +0.04 |
| ATO Atmos Energy Corp. | New | 0.04% | +0.04 |
| NFE New Fortress Energy Inc. | New | 0.04% | +0.04 |
| MCO Moody's Corp. | Add +80.2% | 0.08% | +0.04 |
| INTU Intuit Inc. | New | 0.04% | +0.04 |
| VTIP Vanguard Short-Term Tips | Add +18.2% | 0.32% | +0.04 |
| MNST Monster Beverage Corp. | Add +75.1% | 0.08% | +0.03 |
| EOG EOG Resources Inc. | Add +109.7% | 0.07% | +0.03 |
| COR Cencora Inc. | New | 0.03% | +0.03 |
| SYK Stryker Corp. | Add +50.1% | 0.09% | +0.03 |
| DCI Donaldson Co. Inc. | New | 0.03% | +0.03 |
| MPLX MPLX LP | Add +14.6% | 0.25% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 317 | $1.6B | GOVT, MSFT, VTI, AAPL, GOOGL |
| Q1 2026 | 315 | $1.6B | GOVT, MSFT, VTI, AAPL, GOOGL |
| Q4 2025 | 327 | $1.7B | GOVT, VTI, AAPL, MSFT, GOOGL |
| Q3 2025 | 463 | $2.7B | GOVT, NVDA, MSFT, AAPL, VTI |
| Q2 2025 | 205 | $1.1B | GOVT, VHT, VTI, MSFT, GOOGL |
| Q1 2025 | 71 | $1.2B | GOVT, VMBS, VHT, VDC, VCIT |
| Q4 2024 | 212 | $1.3B | GOVT, VMBS, VDC, VTI, VHT |
| Q3 2024 | 214 | $1.0B | GOVT, VDC, VTI, VHT, GOOGL |
| Q2 2024 | 195 | $957.0M | GOVT, VDC, VHT, VTI, GOOGL |
| Q1 2024 | 200 | $922.2M | GOVT, VDC, VHT, SCHO, VTI |