MorningstarMORN
13F holders, Q4 2025 (December 31)475holders +24
78new positions
57sold out
8famous investors
$217.30avg. 13F price*
At the end of Q4 2025, 475 institutions reported holding Morningstar Inc. (MORN) in their 13F filings, up 24 from Q3 2025. 78 opened new positions and 57 sold out. The largest holders were Vanguard Group Inc. ($516.0M), BlackRock, Inc. ($513.5M) and Morgan Stanley ($436.0M). 8 famous investors held it, including Ron Baron (0.7% of Baron Capital (BAMCO)'s portfolio), Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio) and Cliff Asness (0.1% of AQR Capital Management's portfolio).
- Company
- Morningstar Inc.
- CUSIP
- 617700109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 78 | $42.0M |
| Exits | 57 | $92.2M |
All 13F filers, Q3 2025 → Q4 2025: 2,965,582 shares bought and 3,805,581 shares sold, net −839,999 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 475 holders
| Vanguard Group Inc. | 0.01% | Reduce -9.0% | 2,374,364 | $516.0M |
| BlackRock, Inc. | 0.01% | Reduce -1.3% | 2,363,201 | $513.5M |
| Morgan Stanley | 0.03% | Add +2.4% | 2,006,325 | $436.0M |
| Select Equity Group, L.P. | 1.54% | Reduce -27.6% | 1,522,492 | $330.9M |
| Baron Capital (BAMCO) | 0.73% | Reduce -12.2% | 1,241,794 | $269.9M |
| Wellington Management Group LLP | 0.04% | Add +85.4% | 1,136,213 | $246.9M |
| AQR Capital Management | 0.10% | Add +48.0% | 900,297 | $195.6M |
| State Street Corp. | 0.01% | Reduce -2.1% | 746,907 | $162.3M |
| Geode Capital Management, LLC | 0.01% | Reduce -3.1% | 596,982 | $129.8M |
| Dimensional Fund Advisors LP | 0.02% | Add +12.3% | 471,971 | $102.6M |
| Jane Street Group, LLC | 0.11% | Add +240.5% | 424,271 | $92.2M |
| Two Sigma Investments, LP | 0.13% | Add +33.6% | 382,454 | $83.1M |
| JPMorgan Chase & Co. | 0.01% | Add +14.8% | 365,560 | $79.4M |
| Massachusetts Financial Services Co. | 0.03% | Reduce -19.9% | 361,687 | $78.6M |
| Two Sigma Advisers, LP | 0.15% | Add +120.3% | 354,200 | $77.0M |
| Millennium Management | 0.06% | Add +15.1% | 343,833 | $74.7M |
| Wasatch Advisors LP | 0.43% | Reduce -9.6% | 336,065 | $73.0M |
| Renaissance Technologies | 0.11% | Reduce -29.7% | 323,770 | $70.4M |
| UBS Group AG | 0.01% | Add +88.4% | 295,347 | $64.2M |
| Norges Bank | 0.01% | — | 286,994 | $62.4M |
| Arrowstreet Capital, Limited Partnership | 0.04% | Reduce -1.9% | 285,098 | $62.0M |
| Invesco Ltd. | 0.01% | Reduce -8.2% | 271,999 | $59.1M |
| Qube Research & Technologies Ltd | 0.08% | Add +20.9% | 242,288 | $52.7M |
| Voloridge Investment Management, LLC | 0.17% | Add +21.1% | 226,605 | $49.2M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +4.7% | 189,925 | $41.3M |
| Quantinno Capital Management LP | 0.08% | Add +245.9% | 188,764 | $41.0M |
| Kayne Anderson Rudnick Investment Management LLC | 0.11% | Reduce -75.5% | 187,931 | $40.8M |
| Northern Trust Corp. | 0.00% | Reduce -8.0% | 176,610 | $38.4M |
| Bank of New York Mellon Corp | 0.01% | Reduce -7.5% | 169,957 | $36.9M |
| Bank of America Corp. | 0.00% | Add +3.0% | 164,311 | $35.7M |
| M&G PLC | 0.18% | Add +0.7% | 156,247 | $33.9M |
| Schroder Investment Management Group | 0.03% | Reduce -10.3% | 150,872 | $32.9M |
| FMR LLC | 0.00% | Reduce -23.0% | 149,019 | $32.4M |
| Point72 Asset Management | 0.05% | Add +186.6% | 145,917 | $31.7M |
| DF Dent & Co. Inc. | 0.46% | Reduce -27.1% | 145,591 | $31.6M |
| Royce & Associates LP | 0.32% | Add +2.6% | 143,011 | $31.1M |
| Focus Partners Wealth | 0.03% | Add +6.3% | 136,904 | $29.8M |
| HRT Financial LP | 0.09% | Add +31.2% | 128,956 | $28.0M |
| Goldman Sachs Group Inc. | 0.00% | Add +15.6% | 113,822 | $24.7M |
| American Capital Management Inc. | 1.08% | Add +14.0% | 113,064 | $24.6M |
| Copeland Capital Management, LLC | 0.51% | Add +19.8% | 105,282 | $22.9M |
| Gotham Asset Management | 0.08% | Add +314.6% | 100,283 | $21.8M |
| Principal Financial Group Inc. | 0.01% | Reduce -3.4% | 88,071 | $19.1M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -22.5% | 85,973 | $18.7M |
| Engineers Gate Manager LP | 0.20% | Add +35.9% | 78,179 | $17.0M |
| Nordea Investment Management AB | 0.01% | Reduce -13.2% | 76,524 | $16.7M |
| Congress Asset Management Co. | 0.11% | Add +12.7% | 74,541 | $16.2M |
| Nuveen, LLC | 0.00% | Reduce -37.3% | 71,087 | $15.4M |
| Confluence Investment Management LLC | 0.23% | Add +17.9% | 71,033 | $15.4M |
| Chicago Capital, LLC | 0.37% | Reduce -1.4% | 69,041 | $15.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -7.7% | 69,032 | $15.0M |
| First Trust Advisors LP | 0.01% | Add +583.4% | 64,175 | $13.9M |
| Rhumbline Advisers | 0.01% | Reduce -3.1% | 63,229 | $13.7M |
| Capital Fund Management S.A. | 0.13% | Add +99.3% | 61,209 | $13.3M |
| Sei Investments Co. | 0.01% | Reduce -28.5% | 59,267 | $12.9M |
| Meeder Asset Management Inc. | 0.68% | Add +3.4% | 57,697 | $12.5M |
| Janus Henderson Group PLC | 0.01% | Add +29.3% | 57,589 | $12.5M |
| Premier Fund Managers Ltd | 0.71% | Reduce -37.9% | 56,272 | $12.3M |
| Barlow Wealth Partners, LLC | 1.30% | Reduce -3.4% | 55,533 | $12.0M |
| Ieq Capital, LLC | 0.03% | Add +673.8% | 51,607 | $11.2M |
| Jump Financial, LLC | 0.15% | Add +51.7% | 50,467 | $11.0M |
| Swiss National Bank | 0.01% | Reduce -6.2% | 50,000 | $10.9M |
| Algert Global LLC | 0.17% | Reduce -2.2% | 48,957 | $10.6M |
| Susquehanna International Group, LLP | 0.01% | Add +10.5% | 48,266 | $10.5M |
| Sone Capital Management, LLC | 0.77% | Add +11.3% | 43,658 | $9.5M |
| Prudential Financial Inc. | 0.01% | Reduce -12.3% | 42,164 | $9.2M |
| Legal & General Group Plc | 0.00% | Reduce -16.3% | 39,093 | $8.5M |
| Panagora Asset Management Inc. | 0.03% | Reduce -33.2% | 38,809 | $8.4M |
| Verition Fund Management LLC | 0.05% | Add +87.8% | 37,343 | $8.1M |
| California Public Employees Retirement System | 0.00% | Add +2.6% | 35,469 | $7.7M |
| CI Investments Inc. | 0.03% | Reduce -22.8% | 35,128 | $7.6M |
| Thrivent Financial for Lutherans | 0.01% | Add +176.5% | 35,185 | $7.6M |
| Squarepoint Ops LLC | 0.02% | Reduce -27.4% | 34,267 | $7.4M |
| Bank of Nova Scotia | 0.01% | Add +643.5% | 34,200 | $7.4M |
| Cooper Investors PTY Ltd. | 2.30% | Add +2.9% | 31,887 | $6.9M |
| Raymond James Financial Inc. | 0.00% | Add +130.4% | 30,778 | $6.7M |
| XTX Topco Ltd | 0.17% | Add +1007.1% | 30,112 | $6.5M |
| WINTON GROUP Ltd | 0.23% | New | 30,067 | $6.5M |
| Creative Planning | 0.00% | Add +273.2% | 29,578 | $6.4M |
| Retirement Systems of Alabama | 0.02% | Reduce -3.2% | 28,629 | $6.2M |
| Worldquant Millennium Advisors LLC | 0.02% | Add +142.7% | 28,125 | $6.1M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | Add +60.3% | 26,844 | $5.8M |
| Nicholas Company, Inc. | 0.10% | Reduce -53.5% | 26,315 | $5.7M |
| Alliancebernstein L.P. | 0.00% | Reduce -17.8% | 26,216 | $5.7M |
| California State Teachers Retirement System | 0.01% | Reduce -0.3% | 25,407 | $5.5M |
| Segall Bryant & Hamill, LLC | 0.07% | Reduce -19.4% | 23,846 | $5.2M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.01% | Reduce -34.8% | 23,600 | $5.1M |
| Barclays PLC | 0.00% | Reduce -43.4% | 23,252 | $5.1M |
| United Capital Financial Advisors, LLC | 0.03% | Reduce -8.7% | 23,144 | $5.0M |
| D. E. Shaw & Co. | 0.00% | Reduce -22.5% | 22,767 | $4.9M |
| Wells Fargo & Company | 0.00% | Reduce -68.9% | 22,763 | $4.9M |
| State Board of Administration of Florida Retirement System | 0.01% | Reduce -3.6% | 22,680 | $4.9M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -67.7% | 21,777 | $4.7M |
| Corient Private Wealth LP | 0.01% | Add +7.0% | 21,531 | $4.7M |
| Van Eck Associates Corp. | 0.00% | Reduce -3.0% | 21,192 | $4.6M |
| Trexquant Investment LP | 0.04% | Add +403.2% | 20,323 | $4.4M |
| Crawford Fund Management, LLC | 1.41% | New | 20,300 | $4.4M |
| Ameriprise Financial Inc. | 0.00% | Reduce -8.4% | 19,781 | $4.3M |
| BNP Paribas Financial Markets | 0.00% | Add +17.7% | 19,761 | $4.3M |
| Canada Pension Plan Investment Board | 0.00% | Reduce -67.2% | 18,900 | $4.1M |
| CANADA LIFE ASSURANCE Co | 0.01% | Reduce -6.0% | 18,268 | $4.0M |
| Osaic Holdings, Inc. | 0.01% | Reduce -5.8% | 17,813 | $3.9M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -4.1% | 17,784 | $3.9M |
| Berkeley, Inc | 1.20% | New | 17,382 | $3.8M |
| Mariner, LLC | 0.00% | Add +151.3% | 16,979 | $3.7M |
| State of Alaska, Department of Revenue | 0.04% | Reduce -1.7% | 16,948 | $3.7M |
| Cerity Partners LLC | 0.01% | Add +133.1% | 16,678 | $3.6M |
| Allianz Asset Management GmbH | 0.00% | Reduce -0.9% | 16,593 | $3.6M |
| MidFirst Bank | 0.27% | — | 15,647 | $3.4M |
| Jain Global LLC | 0.03% | Reduce -9.4% | 15,612 | $3.4M |
| SG Americas Securities, LLC | 0.00% | Add +368.3% | 15,090 | $3.3M |
| Vident Advisory, LLC | 0.03% | Add +4.5% | 14,429 | $3.1M |
| New Age Alpha Advisors, LLC | 0.13% | Add +148.4% | 14,056 | $3.1M |
| Kornitzer Capital Management Inc. | 0.06% | Reduce -40.6% | 13,827 | $3.0M |
| Natixis Advisors, LLC | 0.00% | New | 13,711 | $3.0M |
| Stifel Financial Corp. | 0.00% | Reduce -9.2% | 13,483 | $2.9M |
| MML Investors Services, LLC | 0.01% | Add +61.5% | 13,251 | $2.9M |
| Cardinal Capital Management | 0.38% | Reduce -6.2% | 13,043 | $2.8M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Reduce -26.3% | 13,035 | $2.8M |
| HighTower Advisors, LLC | 0.00% | Reduce -6.0% | 12,914 | $2.8M |
| Southeast Asset Advisors, LLC | 0.26% | Reduce -0.4% | 12,841 | $2.8M |
| Cwm, LLC | 0.01% | Add +17.8% | 12,816 | $2.8M |
| New York State Common Retirement Fund | 0.00% | No change | 12,641 | $2.7M |
| Henshaw Capital LLC | 0.10% | Add +0.2% | 12,510 | $2.7M |
| Headlands Technologies LLC | 0.22% | Reduce -34.3% | 12,403 | $2.7M |
| Citigroup Inc. | 0.00% | Reduce -51.3% | 12,386 | $2.7M |
| MetLife Investment Management, LLC | 0.01% | Reduce -6.9% | 12,376 | $2.7M |
| Quantbot Technologies LP | 0.09% | Add +116.3% | 12,174 | $2.6M |
| Lazard Asset Management LLC | 0.00% | Reduce -81.9% | 11,917 | $2.6M |
| Fluent Financial, LLC | 0.97% | New | 11,691 | $2.5M |
| Numerai GP LLC | 0.31% | Add +239.1% | 11,688 | $2.5M |
| Voya Investment Management LLC | 0.00% | Reduce -2.3% | 11,686 | $2.5M |
| Captrust Financial Advisors | 0.00% | Reduce -82.7% | 11,545 | $2.5M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +105.8% | 11,200 | $2.4M |
| Redwood Investment Management, LLC | 0.27% | New | 11,047 | $2.4M |
| Amalgamated Bank | 0.02% | Reduce -6.1% | 11,015 | $2.4M |
| Schonfeld Strategic Advisors LLC | 0.01% | Reduce -55.8% | 10,712 | $2.3M |
| Motley Fool Asset Management LLC | 0.09% | Reduce -44.3% | 10,339 | $2.2M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +25.0% | 10,278 | $2.2M |
| LPL Financial LLC | 0.00% | Add +16.9% | 10,184 | $2.2M |
| Dark Forest Capital Management LP | 0.10% | Reduce -60.1% | 10,071 | $2.2M |
| Mercer Global Advisors Inc. | 0.00% | Add +153.0% | 10,061 | $2.2M |
| Mutual of America Capital Management LLC | 0.02% | Reduce -12.1% | 9,928 | $2.2M |
| HSBC Holdings PLC | 0.00% | Reduce -64.2% | 9,920 | $2.2M |
| Police & Firemen's Retirement System of New Jersey | 0.02% | Reduce -5.5% | 9,764 | $2.1M |
| YHB Investment Advisors, Inc. | 0.15% | Reduce -13.7% | 9,682 | $2.1M |
| Aurora Investment Counsel | 1.10% | Add +151.9% | 9,596 | $2.1M |
| Man Group plc | 0.00% | Reduce -11.9% | 9,536 | $2.1M |
| Treasurer of the State of North Carolina | 0.01% | Reduce -9.1% | 9,475 | $2.1M |
| State of Tennessee, Department of Treasury | 0.01% | Reduce -4.1% | 10,031 | $2.0M |
| State of Wisconsin Investment Board | 0.00% | Add +17.6% | 8,907 | $1.9M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +27.7% | 8,764 | $1.9M |
| Dearborn Partners LLC | 0.10% | Reduce -8.3% | 8,755 | $1.9M |
| Royal Bank of Canada | 0.00% | Reduce -74.6% | 8,747 | $1.9M |
| Summit Trail Advisors, LLC | 0.03% | Add +114.5% | 8,519 | $1.9M |
| Jefferies Financial Group Inc. | 0.02% | Add +239.0% | 8,499 | $1.8M |
| Russell Investments Group, Ltd. | 0.00% | Reduce -29.9% | 8,453 | $1.8M |
| Occudo Quantitative Strategies LP | 0.12% | Add +433.2% | 8,227 | $1.8M |
| Ceera Investments, LLC | 0.68% | Reduce -9.3% | 8,101 | $1.8M |
| US Bancorp \de | 0.00% | Add +2.4% | 7,969 | $1.7M |
| Truist Financial Corp. | 0.00% | Add +47.9% | 7,907 | $1.7M |
| OP Asset Management Ltd | 0.02% | No change | 7,828 | $1.7M |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 7,770 | $1.7M |
| Pathstone Holdings, LLC | 0.01% | Reduce -4.6% | 7,726 | $1.7M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 7,674 | $1.7M |
| Epoch Investment Partners, Inc. | 0.01% | New | 7,631 | $1.7M |
| Loomis Sayles & Co. L P | 0.00% | No change | 7,631 | $1.7M |
| Redmond Asset Management, LLC | 0.42% | Add +0.4% | 7,555 | $1.6M |
| Bright Rock Capital Management, LLC | 0.32% | No change | 7,500 | $1.6M |
| Oppenheimer Asset Management Inc. | 0.02% | Reduce -18.8% | 7,304 | $1.6M |
| Kensington Investment Counsel, LLC | 0.63% | Reduce -25.8% | 7,100 | $1.5M |
| Arizona State Retirement System | 0.01% | Reduce -12.6% | 7,090 | $1.5M |
| Empire Life Investments Inc. | 0.09% | Add +0.3% | 7,061 | $1.5M |
| Yousif Capital Management, LLC | 0.02% | Reduce -3.9% | 7,350 | $1.5M |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -5.7% | 6,957 | $1.5M |
| Louisiana State Employees Retirement System | 0.02% | Reduce -2.9% | 6,600 | $1.4M |
| Ensign Peak Advisors, Inc | 0.00% | Add +77.6% | 6,475 | $1.4M |
| Comerica Bank | 0.01% | Reduce -10.0% | 6,453 | $1.4M |
| Bessemer Group Inc. | 0.00% | Add +68.0% | 6,421 | $1.4M |
| Handelsbanken Fonder AB | 0.00% | No change | 6,372 | $1.4M |
| Alberta Investment Management Corp | 0.01% | New | 6,300 | $1.4M |
| Incline Global Management LLC | 0.47% | Reduce -90.6% | 6,278 | $1.4M |
| Teacher Retirement System of Texas | 0.00% | Reduce -77.7% | 6,086 | $1.3M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | Reduce -4.9% | 5,969 | $1.3M |
| Merit Financial Group, LLC | 0.01% | Add +91.4% | 5,896 | $1.3M |
| Cetera Investment Advisers | 0.00% | Reduce -3.5% | 5,864 | $1.3M |
| New York State Teachers Retirement System | 0.00% | Reduce -5.1% | 5,600 | $1.2M |
| State of Michigan Retirement System | 0.01% | Reduce -3.5% | 5,600 | $1.2M |
| B. Metzler seel. Sohn & Co. AG | 0.01% | Add +14.4% | 5,410 | $1.2M |
| KLP Kapitalforvaltning As | 0.00% | Reduce -5.3% | 5,400 | $1.2M |
| Northwestern Mutual Investment Management Company, LLC | 0.01% | Reduce -2.1% | 5,337 | $1.2M |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Add +38.1% | 5,219 | $1.1M |
| New Mexico Educational Retirement Board | 0.03% | No change | 5,200 | $1.1M |
| Bradyco, Inc. | 1.31% | No change | 4,864 | $1.1M |
| Linden Thomas Advisory Services, LLC | 0.11% | Reduce -4.9% | 4,849 | $1.1M |
| Bank of Montreal | 0.00% | Reduce -57.3% | 4,818 | $1.0M |
| Oregon Public Employees Retirement Fund | 0.01% | Reduce -4.1% | 4,727 | $1.0M |
| Benjamin Edwards Inc. | 0.01% | Add +64.2% | 4,714 | $1.0M |
| Tudor Investment Corporation | 0.01% | Reduce -47.8% | 4,710 | $1.0M |
| Y-Intercept (Hong Kong) Ltd | 0.02% | Reduce -61.6% | 4,657 | $1.0M |
| Level Four Advisory Services, LLC | 0.03% | Reduce -18.4% | 4,602 | $1.0M |
| Fox Run Management, L.L.C. | 0.15% | Add +33.8% | 4,471 | $972K |
| Entropy Technologies, LP | 0.05% | Add +209.1% | 4,435 | $964K |
| Ameritas Investment Partners, Inc. | 0.03% | Reduce -4.7% | 4,372 | $950K |
| Martin Capital Advisors, LLP | 0.54% | No change | 4,202 | $913K |
| Diversify Wealth Management, LLC | 0.04% | Add +2.0% | 4,168 | $900K |
| Caprock Group, LLC | 0.02% | New | 3,925 | $853K |
| Park Avenue Securities LLC | 0.01% | Add +45.5% | 3,922 | $852K |
| Pictet Asset Management Holding SA | 0.00% | Add +6.5% | 3,881 | $843K |
| Xponance LLC | 0.01% | Reduce -11.6% | 3,739 | $813K |
| M&T Bank Corp | 0.00% | Reduce -48.0% | 3,728 | $810K |
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.01% | Reduce -17.3% | 3,661 | $795K |
| Johnson Investment Counsel Inc. | 0.01% | Reduce -19.5% | 3,542 | $770K |
| Victory Capital Management Inc. | 0.00% | Reduce -59.6% | 3,538 | $769K |
| Oak Thistle LLC | 0.11% | New | 3,535 | $768K |
| Mirabella Financial Services LLP | 0.08% | New | 3,525 | $766K |
| Daiwa Securities Group Inc. | 0.00% | Reduce -70.3% | 3,501 | $761K |
| Aigen Investment Management, LP | 0.17% | Add +39.4% | 3,479 | $756K |
| Marshall Wace, LLP | 0.00% | New | 3,454 | $751K |
| HB Wealth Management, LLC | 0.00% | Add +16.1% | 3,322 | $722K |
| R Squared Ltd | 0.33% | Reduce -9.1% | 3,241 | $704K |
| Callan Family Office, LLC | 0.02% | Add +224.3% | 3,230 | $702K |
| Advisory Services Network, LLC | 0.01% | Add +19.9% | 3,173 | $690K |
| Kera Capital Partners, Inc. | 0.08% | New | 3,396 | $686K |
| Voleon Capital Management LP | 0.01% | Reduce -83.3% | 3,142 | $683K |
| Capstone Investment Advisors, LLC | 0.01% | New | 3,049 | $663K |
| Neuberger Berman Group LLC | 0.00% | Reduce -67.7% | 3,028 | $658K |
| Bradley Foster & Sargent Inc. | 0.01% | No change | 3,021 | $656K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +179.0% | 2,960 | $643K |
| Keeler Thomas Management LLC | 0.30% | Reduce -32.6% | 2,942 | $639K |
| Pacer Advisors, Inc. | 0.00% | Reduce -37.7% | 2,884 | $627K |
| Mackenzie Financial Corp. | 0.00% | Reduce -18.3% | 2,860 | $622K |
| Sepio Capital, LP | 0.03% | Reduce -28.9% | 2,847 | $619K |
| Tidal Investments LLC | 0.00% | Add +15.2% | 2,835 | $615K |
| Two Sigma Securities, LLC | 0.08% | Add +137.0% | 2,725 | $592K |
| Syon Capital LLC | 0.03% | Add +163.3% | 2,704 | $588K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 2,604 | $566K |
| Brevan Howard Capital Management LP | 0.01% | Reduce -84.5% | 2,529 | $550K |
| AlphaQuest LLC | 0.03% | Reduce -26.6% | 2,458 | $534K |
| Axq Capital, LP | 0.12% | New | 2,436 | $529K |
| Gibbs Wealth Management | 0.13% | Reduce -23.0% | 2,434 | $528K |
| EntryPoint Capital, LLC | 0.20% | No change | 2,387 | $519K |
| Blair William & Co. | 0.00% | Reduce -11.2% | 2,384 | $518K |
| Sanctuary Advisors, LLC | 0.00% | Add +36.4% | 2,378 | $517K |
| Planning Alternatives Ltd. | 0.06% | Reduce -1.4% | 2,358 | $512K |
| denkapparat Operations GmbH | 0.28% | Add +113.0% | 2,356 | $512K |
| CSS LLC | 0.08% | New | 2,320 | $504K |
| Curi Capital, LLC | 0.01% | New | 2,307 | $501K |
| Atria Investments, Inc | 0.01% | Reduce -16.1% | 2,297 | $499K |
| Commerce Bank | 0.00% | Reduce -77.1% | 2,296 | $499K |
| CenterBook Partners LP | 0.02% | Reduce -51.6% | 2,289 | $497K |
| Integrated Quantitative Investments LLC | 0.11% | New | 2,285 | $497K |
| Alliance Wealth Advisors, LLC | 0.11% | Reduce -49.7% | 2,246 | $488K |
| AdvisorShares Investments LLC | 0.08% | New | 2,220 | $482K |
| Brown Advisory Inc. | 0.00% | New | 2,217 | $482K |
| Chicago Partners Investment Group LLC | 0.01% | Add +105.5% | 2,283 | $481K |
| Deutsche Bank AG | 0.00% | Reduce -11.4% | 2,210 | $480K |
| New York Life Investment Management LLC | 0.00% | New | 2,209 | $480K |
| Aaron Wealth Advisors LLC | 0.03% | New | 2,202 | $479K |
| AlphaGrep UK Ltd | 0.16% | — | 2,199 | $478K |
| Pallas Capital Advisors LLC | 0.02% | New | 2,183 | $474K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +73.3% | 2,168 | $471K |
| Harbor Capital Advisors, Inc. | 0.04% | Add +23.8% | 2,140 | $465K |
| Krilogy Financial LLC | 0.02% | Reduce -5.9% | 2,174 | $459K |
| Index Fund Advisors, Inc. | 0.02% | Reduce -0.1% | 2,059 | $447K |
| Frank, Rimerman Advisors LLC | 0.03% | New | 1,975 | $429K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +14.1% | 1,929 | $419K |
| Pinebridge Investments LLC | 0.00% | — | 1,922 | $418K |
| Norden Group LLC | 0.04% | Reduce -56.1% | 1,922 | $418K |
| Federated Hermes, Inc. | 0.00% | Reduce -12.2% | 1,918 | $417K |
| Portside Wealth Group, LLC | 0.06% | Reduce -48.9% | 1,909 | $415K |
| Amica Mutual Insurance Co. | 0.04% | Add +104.7% | 1,904 | $414K |
| Spectrum Asset Management, Inc. (NB/CA) | 0.13% | Add +0.2% | 1,819 | $395K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -90.8% | 1,805 | $392K |
| Procyon Advisors, LLC | 0.02% | No change | 1,792 | $389K |
| Kestra Advisory Services, LLC | 0.00% | Add +48.6% | 1,792 | $389K |
| Fieldview Capital Management, LLC | 0.07% | New | 1,784 | $388K |
| American Century Companies Inc. | 0.00% | Reduce -91.3% | 1,766 | $384K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -57.8% | 1,738 | $378K |
| Securian Asset Management, Inc. | 0.01% | Reduce -5.5% | 1,732 | $376K |
| O'shaughnessy Asset Management, LLC | 0.00% | Reduce -19.9% | 1,724 | $375K |
| Principal Securities, Inc. | 0.01% | Add +62.8% | 1,708 | $371K |
| Personal Cfo Solutions, LLC | 0.06% | Add +89.3% | 1,704 | $370K |
| Diversify Advisory Services, LLC | 0.01% | Add +5.3% | 1,728 | $370K |
| Andina Capital Management, LLC | 0.22% | Add +3.9% | 1,662 | $361K |
| J.W. Cole Advisors, Inc. | 0.01% | Reduce -13.0% | 1,645 | $357K |
| Ballentine Partners, LLC | 0.01% | Reduce -15.3% | 1,636 | $356K |
| Baker Avenue Asset Management, LP | 0.01% | New | 1,621 | $352K |
| Franklin Resources Inc. | 0.00% | Reduce -1.1% | 1,564 | $340K |
| AlphaCore Capital LLC | 0.01% | New | 1,535 | $334K |
| Dempze Nancy E | 0.17% | No change | 1,494 | $325K |
| Legato Capital Management LLC | 0.03% | New | 1,485 | $323K |
| Azzad Asset Management Inc. | 0.03% | New | 1,473 | $320K |
| Connable Office Inc. | 0.03% | No change | 1,470 | $319K |
| Sivia Capital Partners, LLC | 0.06% | New | 1,469 | $319K |
| Inscription Capital, LLC | 0.03% | New | 1,451 | $315K |
| Parallel Advisors, LLC | 0.01% | Add +35.9% | 1,427 | $310K |
| Verdence Capital Advisors LLC | 0.02% | Add +3.9% | 1,423 | $309K |
| Altfest L J & Co. Inc. | 0.03% | New | 1,423 | $309K |
| &partners | 0.00% | Reduce -55.8% | 1,401 | $307K |
| Amundi | 0.00% | New | 1,398 | $304K |
| SummitTX Capital, L.P. | 0.01% | New | 1,393 | $303K |
| Evergreen Capital Management LLC | 0.01% | Add +9.5% | 1,388 | $302K |
| HUB Investment Partners, LLC | 0.01% | New | 1,365 | $297K |
| Welch & Forbes LLC | 0.00% | Reduce -1.1% | 1,359 | $295K |
| CIBC Asset Management Inc | 0.00% | No change | 1,355 | $294K |
| Greenleaf Trust | 0.00% | New | 1,340 | $291K |
| Brooklyn Investment Group | 0.01% | New | 1,316 | $288K |
| Allspring Global Investments Holdings, LLC | 0.00% | New | 1,321 | $285K |
| Caerus Investment Advisors, LLC | 0.09% | New | 1,297 | $282K |
| Machina Capital S.A.S. | 0.05% | Reduce -58.3% | 1,275 | $277K |
| Waddell & Associates, LLC | 0.02% | New | 1,273 | $277K |
| State of Wyoming | 0.03% | Add +511.8% | 1,248 | $271K |
| Versant Capital Management, Inc | 0.03% | Add +496.6% | 1,247 | $271K |
| Maryland State Retirement & Pension System | 0.01% | No change | 1,247 | $271K |
| Utah Retirement Systems | 0.00% | No change | 1,243 | $270K |
| Quadrant Capital Group LLC | 0.01% | Reduce -65.0% | 1,231 | $268K |
| Swiss Life Asset Management Ltd | 0.00% | Reduce -4.7% | 1,205 | $262K |
| Great Valley Advisor Group, Inc. | 0.00% | Reduce -15.5% | 1,176 | $256K |
| Capital Investment Counsel, Inc | 0.03% | No change | 1,150 | $250K |
| Certuity, LLC | 0.02% | New | 1,134 | $246K |
| NewEdge Advisors, LLC | 0.00% | Add +1352.6% | 1,133 | $246K |
| Ethic Inc. | 0.00% | Add +11.1% | 1,132 | $246K |
| Connecticut Capital Management Group, LLC | 0.23% | — | 1,125 | $244K |
| Integrated Wealth Concepts LLC | 0.00% | New | 1,081 | $235K |
| QRG Capital Management, Inc. | 0.00% | Reduce -4.2% | 1,080 | $235K |
| Blueshift Asset Management, LLC | 0.06% | New | 1,005 | $218K |
| iSAM Funds (UK) Ltd | 0.08% | Reduce -57.6% | 1,000 | $217K |
| Transcend Capital Advisors, LLC | 0.02% | New | 990 | $215K |
| ProShare Advisors LLC | 0.00% | Reduce -8.1% | 956 | $208K |
| Cadent Capital Advisors, LLC | 0.05% | Reduce -14.0% | 955 | $208K |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 0.00% | New | 948 | $206K |
| Tower Research Capital LLC (TRC) | 0.01% | Reduce -51.7% | 946 | $206K |
| Rothschild Wealth LLC | 0.02% | New | 945 | $205K |
| Essential Partners LLC | 0.06% | Add +76.7% | 931 | $202K |
| Angeles Wealth Management, LLC | 0.01% | Add +0.2% | 929 | $202K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -15.3% | 871 | $189K |
| Signaturefd, LLC | 0.00% | Add +176.8% | 861 | $187K |
| EverSource Wealth Advisors, LLC | 0.01% | Add +88.3% | 819 | $178K |
| Farther Finance Advisors, LLC | 0.00% | Add +75.8% | 733 | $159K |
| Allworth Financial LP | 0.00% | Add +173.1% | 732 | $159K |
| Aster Capital Management (DIFC) Ltd | 0.07% | Reduce -49.5% | 727 | $158K |
| KBC Group NV | 0.00% | No change | 659 | $143K |
| Rothschild Investment LLC | 0.01% | Reduce -42.9% | 632 | $137K |
| Basecamp Wealth Advisors LLC | 0.03% | — | 621 | $135K |
| HM Payson & Co. | 0.00% | No change | 600 | $130K |
| IFP Advisors, Inc | 0.00% | Add +122.5% | 563 | $122K |
| STRS Ohio | 0.00% | Reduce -2.4% | 541 | $118K |
| Sterling Capital Management LLC | 0.00% | Add +11.4% | 539 | $117K |
| Westpac Banking Corp. | 0.01% | New | 518 | $113K |
| Exchange Traded Concepts, LLC | 0.00% | New | 515 | $112K |
| Horizon Investments, LLC | 0.00% | New | 515 | $112K |
| Brown Brothers Harriman & Co. | 0.00% | Add +77.0% | 508 | $110K |
| Wexford Capital LP | 0.03% | New | 467 | $101K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.02% | Reduce -18.8% | 458 | $100K |
| Eurizon Capital SGR S.p.A. | 0.00% | — | 448 | $98K |
| Liontrust Investment Partners LLP | 0.00% | Reduce -99.9% | 436 | $95K |
| Simplex Trading, LLC | 0.00% | Add +606.7% | 424 | $92K |
| Jones Financial Companies LLLP | 0.00% | Add +346.2% | 415 | $90K |
| North Star Investment Management Corp. | 0.01% | Add +3.3% | 405 | $88K |
| UMB Bank, n.a. | 0.00% | Reduce -27.0% | 390 | $85K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 389 | $85K |
| Rockefeller Capital Management L.P. | 0.00% | Add +9.6% | 387 | $84K |
| Acadian Asset Management LLC | 0.00% | Reduce -98.2% | 369 | $80K |
| GAMMA Investing LLC | 0.00% | Add +40.2% | 359 | $78K |
| Global Retirement Partners, LLC | 0.00% | Add +2600.0% | 351 | $76K |
| Bokf, NA | 0.00% | No change | 325 | $71K |
| Covestor Ltd | 0.04% | Reduce -37.0% | 316 | $69K |
| Fifth Third Bancorp | 0.00% | Reduce -18.8% | 312 | $68K |
| Danske Bank A/S | 0.00% | Reduce -88.3% | 300 | $65K |
| SJS Investment Consulting Inc. | 0.01% | Add +13450.0% | 271 | $59K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +49.4% | 251 | $55K |
| Blue Trust, Inc. | 0.00% | Reduce -2.8% | 240 | $52K |
| CVA Family Office, LLC | 0.01% | Add +0.9% | 230 | $50K |
| Hantz Financial Services, Inc. | 0.00% | Add +151.7% | 219 | $48K |
| Bayforest Capital Ltd | 0.04% | New | 219 | $48K |
| Ancora Advisors LLC | 0.00% | New | 212 | $46K |
| Atlantic Union Bankshares Corp | 0.00% | No change | 200 | $43K |
| Harbor Investment Advisory, LLC | 0.00% | Reduce -46.3% | 197 | $43K |
| Quarry LP | 0.01% | Add +51.2% | 189 | $41K |
| WPG Advisers, LLC | 0.03% | Add +36.0% | 185 | $40K |
| Employees Retirement System of Texas | 0.00% | No change | 184 | $40K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +142.5% | 177 | $38K |
| True Wealth Design, LLC | 0.01% | Add +120.5% | 172 | $37K |
| American National Bank & Trust | 0.00% | No change | 170 | $37K |
| V-Square Quantitative Management LLC | 0.00% | New | 160 | $35K |
| Arax Advisory Partners | 0.00% | Reduce -97.6% | 152 | $33K |
| Longview Financial Advisors LLC | 0.02% | Reduce -3.2% | 150 | $33K |
| Whittier Trust Co. | 0.00% | Reduce -63.4% | 130 | $28K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 116 | $25K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.01% | New | 116 | $25K |
| MAI Capital Management | 0.00% | Reduce -37.7% | 114 | $25K |
| Los Angeles Capital Management LLC | 0.00% | New | 111 | $24K |
| Quent Capital, LLC | 0.00% | Reduce -35.2% | 105 | $23K |
| Transamerica Financial Advisors, LLC | 0.00% | Add +67.2% | 102 | $22K |
| Measured Wealth Private Client Group, LLC | 0.01% | Reduce -15.2% | 95 | $21K |
| Private Trust Co. NA | 0.00% | No change | 84 | $18K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -1.2% | 83 | $18K |
| Hughes Financial Services, LLC | 0.00% | No change | 83 | $18K |
| Bradley & Co. Private Wealth Management, LLC | 0.01% | No change | 83 | $18K |
| Centerpoint Advisors, LLC | 0.01% | Add +29.5% | 79 | $17K |
| Tobam | 0.00% | No change | 78 | $17K |
| Cedar Mountain Advisors, LLC | 0.00% | No change | 77 | $17K |
| CENTRAL TRUST Co | 0.00% | No change | 75 | $16K |
| Clearstead Advisors, LLC | 0.00% | Reduce -54.5% | 75 | $16K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -15.7% | 75 | $16K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 70 | $15K |
| Bell Investment Advisors, Inc | 0.00% | Reduce -15.2% | 67 | $15K |
| Osterweis Capital Management Inc. | 0.00% | Reduce -20.0% | 64 | $14K |
| Larson Financial Group LLC | 0.00% | Add +18.9% | 63 | $14K |
| Elevation Wealth Partners, LLC | 0.00% | Add +3050.0% | 63 | $14K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -6.0% | 63 | $14K |
| Activest Wealth Management | 0.00% | Add +0.0% | 56 | $12K |
| Parkside Financial Bank & Trust | 0.00% | Reduce -38.6% | 35 | $8K |
| Financial Network Wealth Advisors LLC | 0.01% | Reduce -26.1% | 34 | $7K |
| Assetmark, Inc. | 0.00% | Reduce -20.9% | 34 | $7K |
| SageView Advisory Group, LLC | 0.00% | New | 33 | $7K |
| Creative Financial Designs Inc. | 0.00% | No change | 33 | $7K |
| Frazier Financial Advisors, LLC | 0.00% | No change | 31 | $7K |
| Root Financial Partners, LLC | 0.00% | Reduce -49.1% | 27 | $6K |
| Tucker Asset Management LLC | 0.00% | New | 24 | $5K |
| CBIZ Investment Advisory Services, LLC | 0.00% | Add +50.0% | 24 | $5K |
| Private Wealth Management Group, LLC | 0.00% | New | 23 | $5K |
| JFS Wealth Advisors, LLC | 0.00% | Reduce -8.3% | 22 | $5K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 22 | $5K |
| Harbour Investments, Inc. | 0.00% | Add +75.0% | 21 | $5K |
| Huntington National Bank | 0.00% | Add +5.0% | 21 | $5K |
| Dogwood Wealth Management LLC | 0.00% | Add +81.8% | 20 | $4K |
| KERR FINANCIAL PLANNING Corp | 0.01% | Reduce -4.0% | 24 | $4K |
| Avion Wealth | 0.00% | Add +250.0% | 21 | $4K |
| T. Rowe Price Investment Management, Inc. | 0.00% | Reduce -15.8% | 16 | $4K |
| Zions Bancorporation, National Association | 0.00% | New | 18 | $4K |
| AdvisorNet Financial, Inc | 0.00% | Add +112.5% | 17 | $4K |
| Atlantic Private Wealth, LLC | 0.00% | No change | 16 | $3K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +300.0% | 16 | $3K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 15 | $3K |
| TD Private Client Wealth LLC | 0.00% | Add +7.7% | 14 | $3K |
| Cornerstone Planning Group LLC | 0.00% | Add +7.7% | 14 | $3K |
| Asset Dedication, LLC | 0.00% | No change | 13 | $3K |
| International Assets Investment Management, LLC | 0.00% | New | 13 | $3K |
| Wolff Wiese Magana LLC | 0.00% | Reduce -67.6% | 12 | $3K |
| Marquette Asset Management, LLC | 0.00% | New | 12 | $3K |
| ORG Partners LLC | 0.00% | New | 11 | $2K |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 10 | $2K |
| Sachetta, LLC | 0.00% | No change | 9 | $2K |
| SouthState Bank Corp | 0.00% | Add +600.0% | 7 | $2K |
| Kilter Group LLC | 0.00% | New | 6 | $1K |
| Manchester Capital Management LLC | 0.00% | No change | 6 | $1K |
| Cornerstone Financial Management LLC | 0.00% | — | 5 | $1K |
| Crewe Advisors LLC | 0.00% | New | 5 | $1K |
| DiNuzzo Private Wealth, Inc. | 0.00% | Reduce -28.6% | 5 | $1K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | No change | 5 | $1K |
| CX Institutional | 0.00% | New | 3 | $1K |
| Principia Wealth Advisory, LLC | 0.00% | New | 4 | $869 |
| Bogart Wealth, LLC | 0.00% | New | 4 | $869 |
| Montag A & Associates Inc. | 0.00% | Reduce -40.0% | 3 | $700 |
| Torren Management, LLC | 0.00% | — | 3 | $657 |
| Signature Equity Partners, LLC | 0.00% | — | 3 | $653 |
| Optima Capital LLC | 0.00% | New | 3 | $652 |
| Caitong International Asset Management Co., Ltd | 0.00% | Reduce -99.2% | 3 | $652 |
| First Horizon Corp. | 0.00% | New | 3 | $652 |
| American Capital Advisory, LLC | 0.00% | New | 2 | $435 |
| Breakwater Investment Management | 0.00% | New | 2 | $435 |
| USA Financial Formulas | 0.00% | New | 2 | $435 |
| Elyxium Wealth, LLC | 0.00% | New | 2 | $435 |
| Rialto Wealth Management, LLC | 0.00% | No change | 2 | $435 |
| Rossby Financial, LCC | 0.00% | New | 2 | $435 |
| SBI Securities Co., Ltd. | 0.00% | No change | 2 | $435 |
| Seneschal Advisors, LLC | 0.00% | No change | 1 | $218 |
| Quaker Wealth Management, LLC | 0.00% | New | 1 | $218 |
| MV Capital Management, Inc. | 0.00% | New | 1 | $218 |
| Bay Harbor Wealth Management, LLC | 0.00% | Reduce -50.0% | 1 | $217 |
| Optiver Holding B.V. | 0.00% | Reduce -97.8% | 1 | $217 |
| Wealth Enhancement Trust Services, Inc. | 0.00% | — | 1 | $217 |
| Dunhill Financial, LLC | 0.00% | New | 1 | $130 |
"% of holder's portfolio" is MORN's weight in each manager's 13F, not the share of Morningstar Inc. the manager owns.