Morningstar Investment Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Morningstar Investment Management LLC reported 315 stock positions worth $1.6 billion. Its top holding was iShares US Treasury Bond ETF (GOVT) at 14.9% of the portfolio, followed by Microsoft (MSFT, 3.3%) and VG Morningstar TS MKT ETF-US (VTI, 3.3%). Compared with Q4 2025, it opened 47 new positions, sold out of 59, added to 150 and reduced 112. The biggest buy was a new position in Vanguard Communication Servi (VOX) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001673385
- Portfolio Value
- $1.6B (Q1 2026)
- SEC Filing
- 0001104659-26-061223 ↗ filed May 14, 2026
Holdings Value
Holdings 315 stocks · $1.6B
| GOVT iShares US Treasury Bond ETF | 14.87% | 10,483,782 | $240.2M | Reduce -2.0% |
| MSFT Microsoft Corp. | 3.31% | 144,303 | $53.4M | Add +28.1% |
| VTI VG Morningstar TS MKT ETF-US | 3.28% | 165,190 | $53.0M | Reduce -22.6% |
| AAPL Apple Inc. | 3.19% | 202,910 | $51.5M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 2.64% | 148,172 | $42.6M | Reduce -2.6% |
| NVDA Nvidia Corp. | 2.46% | 227,923 | $39.7M | Add +3.2% |
| SCHO Schwab Short-Term US Treas | 2.42% | 1,613,491 | $39.2M | Reduce -6.5% |
| BNDX Vanguard Total Intl Bond ETF | 2.36% | 793,418 | $38.1M | Add +38.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.32% | 774,051 | $37.4M | Reduce -23.5% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.71% | 723,788 | $27.7M | Add +3.3% |
| FTEC Fidelity MSCI Info Tech Indx | 1.52% | 117,953 | $24.5M | Add +24.0% |
| SLYV SS SPDR S&P 600 SC Val ETF | 1.50% | 255,802 | $24.2M | Reduce -33.8% |
| META Meta Platforms Inc. Class A | 1.34% | 37,736 | $21.6M | Add +5.3% |
| KXI iShares Global Consumer Stap | 1.08% | 260,487 | $17.5M | Reduce -11.3% |
| VOX Vanguard Communication Servi | 1.05% | 94,391 | $17.0M | New |
| VHT Vanguard Health Care ETF | 0.95% | 56,514 | $15.4M | Add +22.5% |
| SCHH Schwab US REIT ETF | 0.94% | 705,180 | $15.2M | Add +24.7% |
| V Visa Inc. Class A | 0.82% | 43,563 | $13.2M | Reduce -18.0% |
| ICSH iShares Ultra Short Duration | 0.81% | 259,023 | $13.1M | Reduce -8.5% |
| AMZN Amazon.com Inc. | 0.79% | 61,551 | $12.8M | Add +17.5% |
| AVGO Broadcom Inc. | 0.77% | 39,937 | $12.4M | Add +74.4% |
| FLJP Franklin Ftse Japan ETF | 0.74% | 328,512 | $11.9M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.69% | 32,832 | $11.1M | Reduce -16.5% |
| BLK BlackRock Inc. | 0.66% | 11,168 | $10.7M | Reduce -13.1% |
| XOM Exxon Mobil Corp. | 0.66% | 62,894 | $10.7M | Reduce -21.9% |
| JNJ Johnson & Johnson | 0.66% | 43,576 | $10.7M | Add +9.6% |
| VGLT Vanguard Long-Term Treasury | 0.66% | 191,300 | $10.6M | Add +5.5% |
| MA Mastercard Inc. Class A | 0.61% | 19,840 | $9.9M | Reduce -16.6% |
| SCHW Schwab (charles) Corp. | 0.60% | 102,422 | $9.6M | Add +4.2% |
| CSCO Cisco Systems Inc. | 0.58% | 121,235 | $9.4M | Add +4270.4% |
| PEP Pepsico Inc. | 0.57% | 58,982 | $9.2M | Reduce -7.0% |
| HON Honeywell International Inc. | 0.56% | 39,968 | $9.0M | Reduce -16.6% |
| KWEB Kranesh Csi China Internet | 0.55% | 315,109 | $9.0M | New |
| IXC iShares Global Energy ETF | 0.55% | 154,885 | $8.9M | New |
| LMT Lockheed Martin Corp. | 0.51% | 13,577 | $8.2M | Add +13.4% |
| STZ Constellation Brands Inc. Class A | 0.51% | 54,523 | $8.2M | Reduce -4.7% |
| PG The Procter & Gamble Co. | 0.51% | 56,539 | $8.2M | Add +13.7% |
| CTSH Cognizant Tech Solutions-A | 0.50% | 132,839 | $8.1M | Add +152.1% |
| FLBR Franklin Ftse Brazil ETF | 0.50% | 341,071 | $8.1M | Add +42.5% |
| PFE Pfizer Inc. | 0.48% | 274,915 | $7.7M | Add +6.6% |
| FLGB Franklin Ftse United Kingdom | 0.46% | 215,970 | $7.5M | New |
| WMT Walmart Inc. | 0.46% | 59,711 | $7.4M | Add +9.0% |
| MDLZ Mondelez International Inc. Class A | 0.45% | 126,467 | $7.3M | Add +8.9% |
| RJF Raymond James Financial Inc. | 0.45% | 50,079 | $7.3M | Add +92.7% |
| EMR Emerson Electric Co. | 0.44% | 54,671 | $7.2M | Reduce -36.6% |
| BF.B Brown-Forman Corp. Class B | 0.44% | 266,577 | $7.0M | Reduce -8.5% |
| TTE Totalenergies SE | 0.41% | 72,155 | $6.6M | Reduce -31.3% |
| LRCX Lam Research Corp. | 0.40% | 30,005 | $6.4M | Reduce -14.6% |
| ADBE Adobe Inc. | 0.39% | 26,233 | $6.4M | Add +25.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 13,282 | $6.4M | Add +5.6% |
| AXP American Express Co. | 0.39% | 20,656 | $6.2M | Reduce -26.2% |
| ACN Accenture PLC Class A | 0.39% | 31,501 | $6.2M | Reduce -0.4% |
| FAST Fastenal Co. | 0.38% | 131,460 | $6.1M | Reduce -26.0% |
| WAT Waters Corp. | 0.38% | 20,445 | $6.1M | Add +58.4% |
| UNP Union Pacific Corp. | 0.38% | 25,031 | $6.1M | Reduce -31.5% |
| VTIP Vanguard Short-Term Tips | 0.38% | 121,257 | $6.1M | Reduce -2.5% |
| FOXA Fox Corp. Class A | 0.36% | 100,548 | $5.9M | Add +5.5% |
| ROK Rockwell Automation Inc. | 0.36% | 16,181 | $5.8M | Add +34.7% |
| USB US Bancorp | 0.35% | 107,519 | $5.6M | Add +6.2% |
| CL Colgate-Palmolive Co. | 0.34% | 65,023 | $5.5M | Add +29.0% |
| GD General Dynamics Corp. | 0.34% | 15,976 | $5.5M | Reduce -33.9% |
| NKE Nike Inc. Class B | 0.34% | 103,110 | $5.4M | Reduce -32.1% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 11,064 | $5.4M | Reduce -0.6% |
| MAS Masco Corp. | 0.33% | 87,998 | $5.3M | Add +93.7% |
| OTIS Otis Worldwide Corp. | 0.33% | 68,541 | $5.3M | Add +240.5% |
| EBAY eBay Inc. | 0.33% | 57,675 | $5.2M | Add +299.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.32% | 71,222 | $5.2M | Add +5.3% |
| AMGN Amgen Inc. | 0.32% | 14,529 | $5.1M | Add +8.0% |
| DOC Healthpeak Properties Inc. | 0.32% | 310,140 | $5.1M | Add +8.6% |
| AMAT Applied Materials Inc. | 0.32% | 14,895 | $5.1M | Reduce -57.2% |
| ORLY O'reilly Automotive Inc. | 0.31% | 54,821 | $5.1M | Add +5.3% |
| CMCSA Comcast Corp. Class A | 0.31% | 173,139 | $5.0M | Add +6.4% |
| EIX Edison International | 0.31% | 67,602 | $4.9M | Add +7.4% |
| IGV iShares Expanded Tech-Softwa | 0.31% | 61,715 | $4.9M | New |
| SPGI S&P Global Inc. | 0.31% | 11,603 | $4.9M | Add +41.5% |
| KLAC KLA Corp. | 0.30% | 3,259 | $4.8M | Reduce -33.4% |
| CRM Salesforce Inc. | 0.30% | 25,679 | $4.8M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.29% | 36,918 | $4.8M | Add +9.1% |
| NOW ServiceNow Inc. | 0.29% | 45,119 | $4.7M | Add +182.4% |
| APA Apa Corp. | 0.29% | 109,700 | $4.7M | New |
| HPQ HP Inc. | 0.29% | 240,978 | $4.6M | Add +220.3% |
| PM Philip Morris International | 0.29% | 27,918 | $4.6M | Reduce -27.9% |
| APD Air Products & Chemicals Inc. | 0.28% | 15,805 | $4.6M | Reduce -2.0% |
| PPG PPG Industries Inc. | 0.28% | 41,881 | $4.5M | Add +5.3% |
| ROP Roper Technologies Inc. | 0.28% | 12,615 | $4.5M | Add +49.2% |
| CCI Crown Castle Inc. | 0.27% | 53,402 | $4.3M | Add +8.0% |
| DVN Devon Energy Corp. | 0.27% | 86,151 | $4.3M | Add +51.1% |
| O Realty Income Corp. | 0.27% | 70,777 | $4.3M | Add +7.1% |
| MDT Medtronic PLC | 0.26% | 48,878 | $4.2M | Add +10.3% |
| MRK Merck & Co. Inc. | 0.26% | 34,870 | $4.2M | Reduce -17.5% |
| DHR Danaher Corp. | 0.26% | 22,046 | $4.2M | Reduce -6.6% |
| ES Eversource Energy | 0.26% | 59,884 | $4.1M | Add +8.3% |
| MCO Moody's Corp. | 0.26% | 9,465 | $4.1M | Reduce -49.1% |
| VGIT Vanguard Intermediate-Term T | 0.25% | 68,544 | $4.1M | Add +0.8% |
| VZ Verizon Communications Inc. | 0.25% | 80,968 | $4.1M | Reduce -40.0% |
| ABNB Airbnb Inc. Class A | 0.25% | 32,055 | $4.0M | Reduce -1.0% |
| SYK Stryker Corp. | 0.25% | 12,301 | $4.0M | Add +13.6% |
| DOW Dow Inc. filed as DOW HLDGS INC | 0.24% | 93,763 | $3.9M | Add +6.0% |
| YUMC Yum China Holdings Inc. | 0.24% | 78,757 | $3.9M | Reduce -47.8% |
| CNI Canadian Natl Railway Co. | 0.24% | 37,553 | $3.9M | Reduce -7.8% |
Portfolio Sells Q4 2025 → Q1 2026
| VTI VG Morningstar TS MKT ETF-US | Reduce -22.6% | 3.28% | −0.94 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.70 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -33.8% | 1.50% | −0.58 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -23.5% | 2.32% | −0.48 |
| MOAT Vaneck Morningstar Wide Moat | Sold out | 0.00% | −0.48 |
| APH Amphenol Corp. Class A | Reduce -64.3% | 0.23% | −0.42 |
| OMC Omnicom Group | Reduce -66.4% | 0.20% | −0.41 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.41 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.34 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.34 |
| MCO Moody's Corp. | Reduce -49.1% | 0.26% | −0.30 |
| V Visa Inc. Class A | Reduce -18.0% | 0.82% | −0.29 |
| TROW T Rowe Price Group Inc. | Reduce -66.1% | 0.12% | −0.27 |
| NKE Nike Inc. Class B | Reduce -32.1% | 0.34% | −0.23 |
| EMR Emerson Electric Co. | Reduce -36.6% | 0.44% | −0.23 |
| MKTX Marketaxess Holdings Inc. | Reduce -93.0% | 0.02% | −0.23 |
| ABEV Ambev SA-ADR | Sold out | 0.00% | −0.23 |
| AXP American Express Co. | Reduce -26.2% | 0.39% | −0.22 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.22 |
| AMAT Applied Materials Inc. | Reduce -57.2% | 0.32% | −0.21 |
| TEL Te Connectivity PLC | Reduce -82.7% | 0.04% | −0.21 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.20 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.19 |
| BCE Bce Inc. | Sold out | 0.00% | −0.19 |
| MA Mastercard Inc. Class A | Reduce -16.6% | 0.61% | −0.19 |
| ZTS Zoetis Inc. | Reduce -49.7% | 0.18% | −0.19 |
| ON On Semiconductor | Sold out | 0.00% | −0.18 |
| YUMC Yum China Holdings Inc. | Reduce -47.8% | 0.24% | −0.18 |
| PHG Koninklijke Philips NVR- NY | Sold out | 0.00% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -2.6% | 2.64% | −0.17 |
| TU Telus Corp. | Sold out | 0.00% | −0.17 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -57.6% | 0.14% | −0.17 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.17 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.16 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.16 |
| KVUE Kenvue Inc. | Reduce -88.9% | 0.02% | −0.16 |
| ANET Arista Networks Inc. | Reduce -37.9% | 0.24% | −0.15 |
| CLX Clorox Company | Reduce -44.7% | 0.22% | −0.15 |
| BLK BlackRock Inc. | Reduce -13.1% | 0.66% | −0.15 |
| CPB The Campbell's Company | Reduce -36.6% | 0.16% | −0.15 |
| GD General Dynamics Corp. | Reduce -33.9% | 0.34% | −0.14 |
| AAPL Apple Inc. | Reduce -2.1% | 3.19% | −0.14 |
| PLAB Photronics Inc. | Sold out | 0.00% | −0.14 |
| CRM Salesforce Inc. | Reduce -4.6% | 0.30% | −0.12 |
| ISRG Intuitive Surgical Inc. | Reduce -22.9% | 0.24% | −0.12 |
| UNP Union Pacific Corp. | Reduce -31.5% | 0.38% | −0.12 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.12 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.12 |
| TGT Target Corp. | Sold out | 0.00% | −0.12 |
| IXUS iShares Core Intl Stock ETF | Sold out | 0.00% | −0.12 |
Portfolio Buys Q4 2025 → Q1 2026
| VOX Vanguard Communication Servi | New | 1.05% | +1.05 |
| FLJP Franklin Ftse Japan ETF | New | 0.74% | +0.74 |
| BNDX Vanguard Total Intl Bond ETF | Add +38.6% | 2.36% | +0.73 |
| CSCO Cisco Systems Inc. | Add +4270.4% | 0.58% | +0.57 |
| KWEB Kranesh Csi China Internet | New | 0.55% | +0.55 |
| IXC iShares Global Energy ETF | New | 0.55% | +0.55 |
| FLGB Franklin Ftse United Kingdom | New | 0.46% | +0.46 |
| IGV iShares Expanded Tech-Softwa | New | 0.31% | +0.31 |
| AVGO Broadcom Inc. | Add +74.4% | 0.77% | +0.30 |
| APA Apa Corp. | New | 0.29% | +0.29 |
| FTEC Fidelity MSCI Info Tech Indx | Add +24.0% | 1.52% | +0.26 |
| EBAY eBay Inc. | Add +299.5% | 0.33% | +0.25 |
| CTSH Cognizant Tech Solutions-A | Add +152.1% | 0.50% | +0.25 |
| SCHH Schwab US REIT ETF | Add +24.7% | 0.94% | +0.24 |
| CPAY Corpay Inc. | New | 0.24% | +0.24 |
| FLBR Franklin Ftse Brazil ETF | Add +42.5% | 0.50% | +0.24 |
| OTIS Otis Worldwide Corp. | Add +240.5% | 0.33% | +0.22 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +3.3% | 1.71% | +0.22 |
| LYB Lyondellbasell Indu Class A | New | 0.20% | +0.20 |
| RJF Raymond James Financial Inc. | Add +92.7% | 0.45% | +0.20 |
| HPQ HP Inc. | Add +220.3% | 0.29% | +0.19 |
| CHRD Chord Energy Corp. | New | 0.18% | +0.18 |
| LNG Cheniere Energy Inc. | New | 0.18% | +0.18 |
| JNJ Johnson & Johnson | Add +9.6% | 0.66% | +0.17 |
| VHT Vanguard Health Care ETF | Add +22.5% | 0.95% | +0.17 |
| LMT Lockheed Martin Corp. | Add +13.4% | 0.51% | +0.17 |
| MTDR Matador Resources Co. | New | 0.16% | +0.16 |
| MAS Masco Corp. | Add +93.7% | 0.33% | +0.16 |
| NOW ServiceNow Inc. | Add +182.4% | 0.29% | +0.15 |
| DVN Devon Energy Corp. | Add +51.1% | 0.27% | +0.15 |
| MPWR Monolithic Power Systems Inc. | Add +343.3% | 0.15% | +0.13 |
| DOW Dow Inc. | Add +6.0% | 0.24% | +0.12 |
| TER Teradyne Inc. | Add +38.3% | 0.21% | +0.12 |
| RHI Robert Half Inc. | New | 0.12% | +0.12 |
| APAM Artisan Partners Asset Ma -A | Add +152.2% | 0.20% | +0.12 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.12% | +0.12 |
| ABBV Abbvie Inc. | Add +129.8% | 0.20% | +0.11 |
| CPRT Copart Inc. | New | 0.11% | +0.11 |
| MRNA Moderna Inc. | Add +4.4% | 0.23% | +0.11 |
| CL Colgate-Palmolive Co. | Add +29.0% | 0.34% | +0.11 |
| WMT Walmart Inc. | Add +9.0% | 0.46% | +0.10 |
| PFE Pfizer Inc. | Add +6.6% | 0.48% | +0.10 |
| JKHY Jack Henry & Associates Inc. | Add +115.5% | 0.20% | +0.10 |
| MSFT Microsoft Corp. | Add +28.1% | 3.31% | +0.09 |
| OXY Occidental Petroleum Corp. | Add +6.3% | 0.20% | +0.09 |
| WAT Waters Corp. | Add +58.4% | 0.38% | +0.09 |
| PANW Palo Alto Networks Inc. | Add +112.0% | 0.18% | +0.09 |
| PG The Procter & Gamble Co. | Add +13.7% | 0.51% | +0.08 |
| ROK Rockwell Automation Inc. | Add +34.7% | 0.36% | +0.08 |
| EIX Edison International | Add +7.4% | 0.31% | +0.08 |
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 |