MORN
Morningstar, Inc. · Financial Services · Financial - Data & Stock Exchanges
Momentum inputs (comparable managers):
holder breadth -5.0% ·
share flow -1.8% ·
net new positions -10.5%
· formula
Broad distribution: falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 31.81K | $6.00M | n/a | −1 |
| Q2 2026 | 119 | -3 | 19.60M | $3.06B | +10 | −14 |
| 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 | n/a | −2 |
| Q2 2025 | 18 | 0 | 9.90M | $3.11B | n/a | n/a |
| Q1 2025 | 15 | +1 | 4.24M | $1.27B | +1 | n/a |
| Q4 2024 | 14 | +1 | 4.26M | $1.43B | +2 | −1 |
| Q3 2024 | 12 | +1 | 3.32M | $1.06B | +1 | n/a |
| Q2 2024 | 11 | n/a | 3.07M | $909.04M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 2.61M | -0.9% | $605.62M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 2 | BlackRock ✦ (passive) | 2.39M | -5.0% | $555.62M | 0.0% | ▼ Trim | 2 | SEC ↗ ×16 |
| 3 | Morgan Stanley ✦ | 1.96M | n/a | $454.50M | 0.0% | n/c | 1 | SEC ↗ ×14 |
| 4 | State Street Global Advisors ✦ (passive) | 763.22K | -2.7% | $177.08M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 5 | JPMorgan Chase ✦ | 636.96K | n/a | $147.78M | 0.0% | n/c | 1 | SEC ↗ ×20 |
| 6 | Geode Capital Management ✦ (passive) | 615.79K | -1.8% | $142.89M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 7 | Wellington Management ✦ | 612.83K | -21.5% | $142.18M | 0.0% | ▼ Trim | 6 | SEC ↗ ×3 |
| 8 | AQR Capital Management ✦ | 608.24K | +106.9% | $141.12M | 0.1% | ▲ Add | 6 | SEC ↗ ×5 |
| 9 | Renaissance Technologies ✦ | 460.77K | +73.8% | $106.90M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 10 | Millennium Management ✦ | 298.74K | -63.2% | $69.31M | 0.1% | ▼ Trim | 6 | SEC ↗ |
| 11 | Arrowstreet Capital ✦ | 290.62K | +50.1% | $67.43M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 12 | Two Sigma Investments ✦ | 286.18K | +78.1% | $66.40M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 13 | Fidelity (FMR) ✦ | 193.44K | -29.3% | $44.88M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 14 | Goldman Sachs Group ✦ | 98.46K | n/a | $22.84M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 15 | Citadel Advisors ✦ | 84.32K | +77.3% | $19.56M | 0.0% | ▲ Add | 6 | SEC ↗ ×2 |
| 16 | T. Rowe Price ✦ | 67.50K | +49.8% | $15.66M | 0.0% | ▲ Add | 6 | SEC ↗ ×2 |
| 17 | Point72 Asset Management ✦ | 50.92K | -58.7% | $11.81M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 18 | D. E. Shaw & Co. ✦ | 29.38K | +28.2% | $6.82M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
| 19 | Gotham Asset Management ✦ | 24.19K | +157.6% | $5.61M | 0.0% | ▲ Add | 6 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Norges Bank | $93.22M | was 0.0% |
| Fisher Asset Management | $5.07M | 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 · 978 sh · $214,609
Officer, Director, 10% owner · 220 sh · $47,522
Officer, Director, 10% owner · 1.31K sh · $289,635
Officer, Director, 10% owner · 226 sh · $49,973
Officer, Director, 10% owner · 1.18K sh · $256,581
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 · 1.94K sh · $417,009
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology