Morningstar Investment Services LLC

Name: Morningstar Investment Services LLC 13F holdings, Q2 2024
Creator: Morningstar Investment Services LLC
Published: 2024-08-13

Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Morningstar Investment Services LLC reported 376 stock positions worth $9.2 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 9.6% of the portfolio, followed by Vanguard Total Bond Market (BND, 7.4%) and Vanguard Ftse Developed ETF (VEA, 3.5%). Compared with Q1 2024, it opened 43 new positions, sold out of 15, added to 196 and reduced 135. The biggest buy was a new position in Franklin Ftse United Kingdom (FLGB) and the biggest sale iShares MSCI United Kingdom (EWU, shares −98%).

Most Recent 13F: Q1 2025
Location: Chicago, IL
CIK: 0001478215
Portfolio Value: $9.2B (Q2 2024)
SEC Filing: 0001104659-24-088733 ↗ filed Aug 13, 2024

Holdings Value

Holdings 376 stocks · $9.2B


VTI VG Morningstar TS MKT ETF-US	9.64%	3,292,842	$887.0M	Reduce -2.8%
BND Vanguard Total Bond Market	7.36%	9,359,732	$677.6M	Add +0.9%
VEA Vanguard Ftse Developed ETF	3.52%	6,564,061	$324.1M	Reduce -0.8%
META Meta Platforms Inc. Class A	2.64%	468,388	$243.4M	Reduce -6.1%
MSFT Microsoft Corp.	2.45%	497,696	$225.4M	Add +1.4%
BKNG Booking Holdings Inc.	2.38%	54,683	$219.2M	Reduce -0.6%
SCHW Schwab (charles) Corp.	2.02%	2,532,252	$186.3M	Reduce -0.4%
AMZN Amazon.com Inc.	1.99%	926,380	$183.3M	Add +0.6%
GOOGL Alphabet Inc. Class A	1.93%	956,758	$177.4M	Reduce -18.1%
TSM Taiwan Semiconductor-SP ADR	1.66%	889,267	$152.6M	Reduce -1.3%
BRK.B Berkshire Hathaway Inc. Class B	1.61%	363,484	$148.3M	Reduce -0.8%
VWO Vanguard Ftse Emerging Marke	1.57%	3,320,225	$144.9M	Add +15.3%
VMBS Vanguard Mortgage-Backed Sec	1.48%	2,993,639	$136.5M	Add +2.5%
ELV Elevance Health Inc.	1.46%	251,337	$134.7M	Reduce -0.5%
BSV Vanguard Short-Term Bond ETF	1.45%	1,741,108	$133.6M	Reduce -1.2%
V Visa Inc. Class A	1.42%	488,635	$130.3M	Reduce -0.1%
IQV Iqvia Holdings Inc.	1.39%	602,555	$128.2M	Reduce -0.8%
KMX Carmax Inc.	1.34%	1,678,559	$123.1M	Add +14.1%
VGIT Vanguard Intermediate-Term T	1.29%	2,037,097	$118.9M	Reduce -0.9%
JPM JPMorgan Chase & Co.	1.25%	578,145	$115.1M	Reduce -0.7%
MA Mastercard Inc. Class A	1.20%	250,396	$110.9M	Reduce -1.2%
WFC Wells Fargo & Co.	1.15%	1,842,572	$105.8M	Reduce -0.9%
SBUX Starbucks Corp.	1.09%	1,270,403	$100.7M	Add +20.7%
GOOG Alphabet Inc. Class C	1.08%	534,063	$99.8M	Add +0.1%
CMCSA Comcast Corp. Class A	1.08%	2,600,419	$99.5M	Reduce -0.3%
PM Philip Morris International	0.96%	872,676	$88.6M	Add +0.1%
DEO Diageo PLC-Sponsored ADR	0.96%	694,084	$88.1M	Add +39.3%
ORCL Oracle Corp.	0.94%	618,315	$86.7M	Add +0.8%
APD Air Products & Chemicals Inc.	0.94%	327,896	$86.3M	Reduce -1.0%
IVV iShares Core S&P 500 ETF	0.87%	146,216	$80.3M	Add +0.8%
COR Cencora Inc.	0.86%	345,481	$78.8M	Reduce -2.4%
CHKP Check Point Software Tech	0.85%	482,367	$78.5M	Reduce -0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.85%	322,343	$78.1M	Reduce -12.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.84%	759,595	$77.6M	Reduce -0.6%
QCOM Qualcomm Inc.	0.84%	395,947	$77.3M	Reduce -27.9%
XOM Exxon Mobil Corp.	0.84%	669,511	$76.9M	Add +0.2%
ADBE Adobe Inc.	0.81%	135,587	$74.1M	Add +25.6%
VTV Vanguard Mrngstr Val ETF-Aui	0.72%	413,319	$66.1M	Reduce -4.6%
VTEB Vanguard Tax-Exempt Bond ETF	0.71%	1,299,145	$65.3M	Add +1.3%
ENB Enbridge Inc.	0.70%	1,815,245	$64.0M	Add +5.9%
MDT Medtronic PLC	0.69%	804,283	$63.8M	Reduce -0.4%
MOAT Vaneck Morningstar Wide Moat	0.67%	706,356	$61.4M	Reduce -2.4%
ADSK Autodesk Inc.	0.65%	245,341	$59.8M	Reduce -0.3%
FISV Fiserv Inc.	0.61%	378,728	$56.5M	Reduce -0.7%
CRM Salesforce Inc.	0.58%	210,133	$53.1M	Add +48.8%
UNH Unitedhealth Group Inc.	0.57%	108,447	$52.8M	Add +0.3%
SPSM SS SPDR P S&P 600 Small Cap	0.54%	1,217,457	$50.1M	Reduce -1.7%
OMC Omnicom Group	0.54%	560,648	$49.9M	Reduce -1.2%
SCHB Schwab US Broad Market ETF	0.54%	783,720	$49.4M	Add +8.2%
VOX Vanguard Communication Servi	0.54%	353,206	$49.3M	Reduce -3.3%
VWOB Vanguard Emerg MKTS Gov BND	0.53%	776,374	$49.2M	Reduce -1.1%
LAMR Lamar Advertising Co. Class A	0.53%	413,287	$49.1M	Reduce -2.3%
IXUS iShares Core Intl Stock ETF	0.53%	723,362	$48.8M	Add +6.6%
SLYV SS SPDR S&P 600 SC Val ETF	0.52%	611,332	$47.5M	Add +12.7%
FLGB Franklin Ftse United Kingdom	0.51%	1,793,615	$47.2M	New
USHY iShares Broad Usd High Yield	0.51%	1,280,285	$46.5M	Reduce -1.2%
EFV iShares MSCI Eafe Value ETF	0.48%	844,764	$44.6M	Reduce -3.5%
EIX Edison International	0.48%	610,557	$44.0M	Reduce -1.8%
ADI Analog Devices Inc.	0.48%	193,232	$43.8M	Add +0.3%
EBAY eBay Inc.	0.47%	822,795	$43.6M	Reduce -0.8%
CVS CVS Health Corp.	0.46%	730,696	$42.6M	Reduce -1.0%
BLK BlackRock Finance Inc.	0.44%	52,207	$40.8M	Reduce -1.5%
COP Conocophillips	0.44%	356,118	$40.6M	Add +73.4%
NVS Novartis AG-Sponsored ADR	0.43%	374,998	$40.0M	Add +1.1%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.43%	870,823	$39.5M	Add +17.4%
ETR Entergy Corp.	0.42%	363,850	$38.8M	Add +12.1%
KO The Coca-Cola Co.	0.40%	575,280	$36.8M	Reduce -1.3%
AMT American Tower Corp.	0.40%	187,914	$36.7M	Add +67.5%
GPC Genuine Parts Co.	0.40%	265,931	$36.5M	Reduce -1.9%
GD General Dynamics Corp.	0.39%	124,200	$36.3M	Add +0.3%
DUK Duke Energy Corp.	0.39%	359,521	$36.2M	Reduce -1.7%
BDX Becton Dickinson and Co.	0.39%	155,353	$35.9M	Add +0.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.39%	602,083	$35.8M	Reduce -0.0%
GSK GSK PLC-Spon ADR	0.39%	926,206	$35.8M	Reduce -1.7%
SNY Sanofi-ADR	0.39%	743,353	$35.7M	Add +0.2%
ECL Ecolab Inc.	0.37%	142,656	$34.2M	Reduce -0.4%
AMGN Amgen Inc.	0.37%	107,991	$33.9M	Reduce -1.4%
UL Unilever PLC	0.37%	609,621	$33.7M	Add +0.6%
EMLC Vaneck JPM Em Local Curr BND	0.36%	1,411,566	$33.5M	Reduce -0.6%
MCHI iShares MSCI China ETF	0.36%	778,465	$32.8M	Reduce -2.8%
UPS United Parcel Service Class B	0.36%	241,237	$32.8M	Reduce -1.4%
TFC Truist Financial Corp.	0.34%	826,610	$31.3M	Reduce -1.5%
MCK McKesson Corp.	0.34%	52,655	$31.2M	Add +0.4%
WMB Williams Cos Inc.	0.34%	737,617	$31.2M	Reduce -0.8%
VEEV Veeva Systems Inc. Class A	0.33%	162,559	$30.1M	Reduce -0.2%
PFE Pfizer Inc.	0.32%	1,047,051	$29.1M	Reduce -1.2%
HII Huntington Ingalls Industrie	0.31%	115,806	$28.7M	New
VTIP Vanguard Short-Term Tips	0.30%	566,023	$27.5M	Reduce -13.0%
LYG Lloyds Banking Group PLC-ADR	0.30%	9,714,422	$27.4M	Reduce -2.4%
BLV Vanguard Long-Term Bond ETF	0.29%	379,431	$27.0M	Reduce -0.6%
VZ Verizon Communications Inc.	0.29%	650,347	$26.5M	Reduce -2.0%
VFH Vanguard Financials ETF	0.27%	252,067	$25.2M	Reduce -8.2%
TXN Texas Instruments Inc.	0.27%	128,231	$24.8M	Reduce -1.7%
ANGL Vaneck Fallen Angel High YLD	0.27%	872,291	$24.8M	Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.26%	610,506	$24.0M	Add +1.2%
FIS Fidelity National Info Serv	0.25%	312,850	$23.3M	Reduce -1.8%
WEC WEC Energy Group Inc.	0.25%	290,474	$22.8M	New
INGR Ingredion Inc.	0.23%	188,292	$21.6M	Reduce -3.7%
JMUB JPMorgan Municipal ETF	0.22%	400,046	$20.2M	Reduce -0.5%
RTX RTX Corp.	0.21%	196,126	$19.7M	Reduce -0.0%

Show all 376 holdings

Portfolio Sells Q1 2024 → Q2 2024


EWU iShares MSCI United Kingdom	Reduce -97.7%	0.01%	−0.52
IQV Iqvia Holdings Inc.	Reduce -0.8%	1.39%	−0.30
PG The Procter & Gamble Co.	Reduce -94.5%	0.02%	−0.26
CVX Chevron Corp.	Reduce -95.5%	0.01%	−0.21
CVS CVS Health Corp.	Reduce -1.0%	0.46%	−0.18
QCOM Qualcomm Inc.	Reduce -27.9%	0.84%	−0.18
DIS The Walt Disney Co.	Reduce -0.6%	0.84%	−0.17
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -12.8%	0.85%	−0.16
CMCSA Comcast Corp. Class A	Reduce -0.3%	1.08%	−0.15
LMT Lockheed Martin Corp.	Reduce -42.4%	0.21%	−0.15
VEA Vanguard Ftse Developed ETF	Reduce -0.8%	3.52%	−0.14
MA Mastercard Inc. Class A	Reduce -1.2%	1.20%	−0.13
EWZ iShares MSCI Brazil ETF	Sold out	0.00%	−0.12
COR Cencora Inc.	Reduce -2.4%	0.86%	−0.10
VEEV Veeva Systems Inc. Class A	Reduce -0.2%	0.33%	−0.09
V Visa Inc. Class A	Reduce -0.1%	1.42%	−0.09
HBI Hanesbrands Inc.	Reduce -56.0%	0.05%	−0.08
MDT Medtronic PLC	Reduce -0.4%	0.69%	−0.08
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.8%	1.61%	−0.07
META Meta Platforms Inc. Class A	Reduce -6.1%	2.64%	−0.07
GPC Genuine Parts Co.	Reduce -1.9%	0.40%	−0.07
FMX Fomento Economico Mex-SP ADR	Reduce -64.4%	0.02%	−0.06
ADSK Autodesk Inc.	Reduce -0.3%	0.65%	−0.06
GSK GSK PLC-Spon ADR	Reduce -1.7%	0.39%	−0.06
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -4.6%	0.72%	−0.06
FISV Fiserv Inc.	Reduce -0.7%	0.61%	−0.06
FANG Diamondback Energy Inc.	Reduce -30.9%	0.12%	−0.05
OMC Omnicom Group	Reduce -1.2%	0.54%	−0.05
CRL Charles River Laboratories	Reduce -0.9%	0.14%	−0.05
MOAT Vaneck Morningstar Wide Moat	Reduce -2.4%	0.67%	−0.04
VTIP Vanguard Short-Term Tips	Reduce -13.0%	0.30%	−0.04
BLK BlackRock Finance Inc.	Reduce -1.5%	0.44%	−0.04
UPS United Parcel Service Class B	Reduce -1.4%	0.36%	−0.04
EFV iShares MSCI Eafe Value ETF	Reduce -3.5%	0.48%	−0.04
SPSM SS SPDR P S&P 600 Small Cap	Reduce -1.7%	0.54%	−0.04
VTI VG Morningstar TS MKT ETF-US	Reduce -2.8%	9.64%	−0.04
BSV Vanguard Short-Term Bond ETF	Reduce -1.2%	1.45%	−0.04
VFH Vanguard Financials ETF	Reduce -8.2%	0.27%	−0.03
VGIT Vanguard Intermediate-Term T	Reduce -0.9%	1.29%	−0.03
FTRE Fortrea Holdings Inc.	Reduce -0.7%	0.04%	−0.03
ALLE Allegion PLC	Reduce -1.1%	0.18%	−0.03
WFC Wells Fargo & Co.	Reduce -0.9%	1.15%	−0.03
JPM JPMorgan Chase & Co.	Reduce -0.7%	1.25%	−0.03
YUMC Yum China Holdings Inc.	Reduce -0.6%	0.09%	−0.02
EWY iShares MSCI South Korea ETF	Reduce -11.7%	0.13%	−0.02
CHKP Check Point Software Tech	Reduce -0.3%	0.85%	−0.02
EMLC Vaneck JPM Em Local Curr BND	Reduce -0.6%	0.36%	−0.02
VWOB Vanguard Emerg MKTS Gov BND	Reduce -1.1%	0.53%	−0.02
INGR Ingredion Inc.	Reduce -3.7%	0.23%	−0.02
LAMR Lamar Advertising Co. Class A	Reduce -2.3%	0.53%	−0.02

Portfolio Buys Q1 2024 → Q2 2024


FLGB Franklin Ftse United Kingdom	New	0.51%	+0.51
HII Huntington Ingalls Industrie	New	0.31%	+0.31
VWO Vanguard Ftse Emerging Marke	Add +15.3%	1.57%	+0.26
WEC WEC Energy Group Inc.	New	0.25%	+0.25
ADBE Adobe Inc.	Add +25.6%	0.81%	+0.21
GOOG Alphabet Inc. Class C	Add +0.1%	1.08%	+0.19
PEP Pepsico Inc.	Add +1639.4%	0.20%	+0.19
MSFT Microsoft Corp.	Add +1.4%	2.45%	+0.17
AMZN Amazon.com Inc.	Add +0.6%	1.99%	+0.17
AMT American Tower Corp.	Add +67.5%	0.40%	+0.16
COP Conocophillips	Add +73.4%	0.44%	+0.15
DEO Diageo PLC-Sponsored ADR	Add +39.3%	0.96%	+0.14
CRM Salesforce Inc.	Add +48.8%	0.58%	+0.11
ORCL Oracle Corp.	Add +0.8%	0.94%	+0.10
PM Philip Morris International	Add +0.1%	0.96%	+0.08
ADI Analog Devices Inc.	Add +0.3%	0.48%	+0.07
RTO Rentokil Initial PLC-SP ADR	Add +213.2%	0.10%	+0.07
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Add +17.4%	0.43%	+0.06
NVDA Nvidia Corp.	Add +33.6%	0.12%	+0.05
SCHB Schwab US Broad Market ETF	Add +8.2%	0.54%	+0.05
AAPL Apple Inc.	Add +31.9%	0.13%	+0.05
IVW iShares S&P 500 Growth ETF	Add +142.2%	0.08%	+0.05
ETR Entergy Corp.	Add +12.1%	0.42%	+0.05
NVS Novartis AG-Sponsored ADR	Add +1.1%	0.43%	+0.04
DYNF Ishrs US E F R A ETF-Usd Inc.	Add +96.8%	0.07%	+0.03
SBUX Starbucks Corp.	Add +20.7%	1.09%	+0.03
IVV iShares Core S&P 500 ETF	Add +0.8%	0.87%	+0.03
BABA Alibaba Group Holding-SP ADR	Add +85.3%	0.07%	+0.03
UL Unilever PLC	Add +0.6%	0.37%	+0.03
MCK McKesson Corp.	Add +0.4%	0.34%	+0.03
EFG iShares MSCI Eafe Growth ETF	Add +98.5%	0.06%	+0.03
IXUS iShares Core Intl Stock ETF	Add +6.6%	0.53%	+0.02
SLYV SS SPDR S&P 600 SC Val ETF	Add +12.7%	0.52%	+0.02
SPYM Ste STR SPDR PT S&P 500 ETF	Add +47.5%	0.06%	+0.02
GOVT iShares US Treasury Bond ETF	Add +406.1%	0.03%	+0.02
SRCL Stericycle Inc.	New	0.02%	+0.02
WBD Warner Bros Discovery Inc.	Add +67.3%	0.06%	+0.02
VRSN Verisign Inc.	New	0.02%	+0.02
ENB Enbridge Inc.	Add +5.9%	0.70%	+0.02
LCTU iShares U.S. Carbon Transiti	Add +50.0%	0.05%	+0.02
VMBS Vanguard Mortgage-Backed Sec	Add +2.5%	1.48%	+0.01
JPST JPMorgan Ultra-Short Income	Add +9.4%	0.16%	+0.01
ICSH iShares Ultra Short Duration	Add +9.3%	0.16%	+0.01
IYW iShares Ustechnology ETF	Add +42.4%	0.03%	+0.01
SUSC iShares ESG Aware Usd Corpor	Add +56.8%	0.03%	+0.01
LW Lamb Weston Holdings Inc.	New	0.01%	+0.01
USXF iShares ESG Advance MSCI USA	Add +56.8%	0.03%	+0.01
GD General Dynamics Corp.	Add +0.3%	0.39%	+0.01
AVGO Broadcom Inc.	Add +17.2%	0.04%	+0.01
LLY Eli Lilly & Co.	Add +28.8%	0.03%	+0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q1 2025	134	$546.0M	VTI, BND, VEA, VCRB, VGIT
Q4 2024	145	$1.1B	VTI, BND, VEA, META, VMBS
Q3 2024	405	$9.8B	VTI, BND, VEA, META, BKNG
Q2 2024	376	$9.2B	VTI, BND, VEA, META, MSFT
Q1 2024	348	$9.1B	VTI, BND, VEA, META, MSFT