Morningstar, Inc.
US ˙ NasdaqGS ˙ US6177001095

SecurityMORN / Morningstar, Inc.
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership22,613 shares
Latest Disclosed Value $ 3,822,641
Advisor Group Holdings, Inc. reports 26.95% increase in ownership of MORN / Morningstar, Inc.

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 22,613 shares of Morningstar, Inc. (US:MORN) valued at $3,822,728 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 17,813 shares of Morningstar, Inc.. This represents a change in shares of 26.95% during the quarter. The current value of the position is $4,200,591 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F MORNINGSTAR COM 617700109 22,613 4,800 26.95 3,823 -1.24 0.0033
2026-02-17 2025-12-31 13F MORNINGSTAR COM 617700109 17,813 -1,094 -5.79 3,871 -11.89 0.0057
2025-11-14 2025-09-30 13F MORNINGSTAR COM 617700109 18,907 15,511 456.74 4,393 312.01 0.0061
2025-09-04 2025-06-30 13F/A-1 ORNINGSTAR COM 617700109 3,396 33 0.98 1,066 5.75 0.0019
2025-08-13 2025-06-30 13F ORNINGSTAR COM 617700109 3,260 -103 1,031 0.0012
2025-05-12 2025-03-31 13F MORNINGSTAR COM 617700109 3,363 37 1.11 1,008 -10.00 0.0022
2025-06-06 2024-12-31 13F/A-1 MORNINGSTAR COM 617700109 3,326 1,164 53.84 1,120 62.32 0.0025
2025-02-07 2024-12-31 13F MORNINGSTAR COM 617700109 3,246 1,084 1,089 0.0028
2024-11-13 2024-09-30 13F MORNINGSTAR COM 617700109 2,162 1,477 215.62 690 241.58 0.0016
2024-08-13 2024-06-30 13F MORNINGSTAR COM 617700109 685 177 34.84 203 29.49 0.0005
2024-05-10 2024-03-31 13F MORNINGSTAR COM 617700109 508 -2,720 -84.26 157 -83.12 0.0003
2024-02-12 2023-12-31 13F MORNINGSTAR COM 617700109 3,228 -1,705 -34.56 924 -20.07 0.0016
2023-11-13 2023-09-30 13F MORNINGSTAR COM 617700109 4,933 1,253 34.05 1,156 60.33 0.0017
2023-08-21 2023-06-30 13F/A-1 MORNINGSTAR COM 617700109 3,680 -344 -8.55 722 -11.75 0.0013
2023-08-10 2023-06-30 13F MORNINGSTAR COM 617700109 5,435 1,411 720 0.0002
2023-05-12 2023-03-31 13F MORNINGSTAR COM 617700109 4,024 -26 -0.64 817 -6.84 0.0015
2023-02-10 2022-12-31 13F MORNINGSTAR COM 617700109 4,050 -541 -11.78 877 -10.14 0.0018
2022-11-14 2022-09-30 13F MORNINGSTAR COM 617700109 4,591 163 3.68 976 -8.79 0.0022
2022-08-10 2022-06-30 13F MORNINGSTAR COM 617700109 4,428 66 1.51 1,070 -10.23 0.0024
2022-05-04 2022-03-31 13F MORNINGSTAR COM 617700109 4,362 373 9.35 1,192 -12.61 0.0023
2022-02-03 2021-12-31 13F MORNINGSTAR COM 617700109 3,989 73 1.86 1,364 34.52 0.0026
2021-11-05 2021-09-30 13F MORNINGSTAR COM 617700109 3,916 -340 -7.99 1,014 -7.31 0.0021
2021-08-02 2021-06-30 13F MORNINGSTAR COM 617700109 4,256 32 0.76 1,094 14.80 0.0024
2021-05-13 2021-03-31 13F MORNINGSTAR COM 617700109 4,224 -1,902 -31.05 953 -32.70 0.0023
2021-02-10 2020-12-31 13F MORNINGSTAR COM 617700109 6,126 -699 -10.24 1,416 29.32 0.0038
2020-11-12 2020-09-30 13F MORNINGSTAR COM 617700109 6,825 1,146 20.18 1,095 36.88 0.0033
2020-08-14 2020-06-30 13F MORNINGSTAR COM 617700109 5,679 748 15.17 800 39.37 0.0027
2020-05-18 2020-03-31 13F MORNINGSTAR COM 617700109 4,931 4,931 574 0.0023
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.