MORN
Morningstar, Inc. · Financial Services · Financial - Data & Stock Exchanges
Momentum inputs (comparable managers):
holder breadth +7.7% ·
share flow +2.4% ·
net new positions +7.1%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 121 | -3 | 19.56M | $3.05B | +10 | −12 |
| Q1 2026 | 126 | -1 | 18.00M | $3.04B | +7 | −9 |
| Q4 2025 | 126 | 0 | 19.22M | $4.13B | +2 | −1 |
| Q3 2025 | 19 | -1 | 12.09M | $2.80B | — | −2 |
| Q2 2025 | 18 | 0 | 9.90M | $3.11B | — | — |
| Q1 2025 | 15 | +1 | 4.24M | $1.27B | +1 | — |
| Q4 2024 | 14 | +1 | 4.26M | $1.43B | +2 | −1 |
| Q3 2024 | 12 | +1 | 3.32M | $1.06B | +1 | — |
| Q2 2024 | 11 | — | 3.07M | $909.04M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Wellington Management ✦ | 1.08M | +13.7% | $363.90M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 2 | Wellington Management ✦ | 1.08M | +13.7% | $363.90M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 3 | Wellington Management ✦ | 1.08M | +13.7% | $363.90M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 4 | State Street Global Advisors ✦ (passive) | 841.63K | — | $283.43M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | T. Rowe Price ✦ | 668.89K | -2.4% | $225.26M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 6 | T. Rowe Price ✦ | 668.89K | -2.4% | $225.26M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 7 | Geode Capital Management ✦ (passive) | 561.43K | +12.9% | $189.12M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 8 | Geode Capital Management ✦ (passive) | 561.43K | +12.9% | $189.12M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | Norges Bank ✦ (passive) | 331.67K | +1.9% | $111.69M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | Millennium Management ✦ | 287.66K | -41.9% | $96.87M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 11 | Renaissance Technologies ✦ | 188.37K | +2.7% | $63.44M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 12 | Arrowstreet Capital ✦ | 117.16K | +338.9% | $39.45M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | Citadel Advisors ✦ | 105.36K | -10.8% | $35.48M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 14 | Citadel Advisors ✦ | 105.36K | -10.8% | $35.48M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 15 | Two Sigma Investments ✦ | 36.24K | New | $12.20M | 0.0% | New | 1 | SEC ↗ |
| 16 | Fisher Asset Management ✦ | 22.00K | +3.1% | $7.41M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 17 | AQR Capital Management ✦ | 13.10K | +70.2% | $4.41M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 18 | AQR Capital Management ✦ | 13.10K | +70.2% | $4.41M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 19 | AQR Capital Management ✦ | 13.10K | +70.2% | $4.41M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 20 | Gotham Asset Management ✦ | 2.60K | -60.6% | $873,892 | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 21 | D. E. Shaw & Co. ✦ | 2.48K | New | $835,502 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $12.20M | 0.0% |
| D. E. Shaw & Co. | $835,502 | 0.0% |
Exited
| Marshall Wace | $229,128 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 439 holders, 23.27M shares, $3.85B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer, Director, 10% owner · 226 sh · $49,973
Officer, Director, 10% owner · 978 sh · $214,609
Officer, Director, 10% owner · 1.18K sh · $256,581
Officer, Director, 10% owner · 1.31K sh · $289,635
Officer, Director, 10% owner · 220 sh · $47,522
Officer, Director, 10% owner · 1.74K sh · $380,074
Officer, Director, 10% owner · 3.83K sh · $829,301
Officer, Director, 10% owner · 268 sh · $58,308
Officer, Director, 10% owner · 501 sh · $108,784
Officer, Director, 10% owner · 3.16K sh · $672,019
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology