Morningstar, Inc.
US ˙ NasdaqGS ˙ US6177001095

SecurityMORN / Morningstar, Inc.
InstitutionSei Investments Co
Latest Disclosed Ownership59,267 shares
Latest Disclosed Value $ 12,879,037
Sei Investments Co reports 28.53% decrease in ownership of MORN / Morningstar, Inc.

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 59,267 shares of Morningstar, Inc. (US:MORN) valued at $12,879,312 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 82,931 shares of Morningstar, Inc.. This represents a change in shares of -28.53% during the quarter. The current value of the position is $11,009,438 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)
2026-02-13 2025-12-31 13F MORNINGSTAR COM 617700109 59,267 -23,664 -28.53 12,879 -33.06 0.0127
2025-11-13 2025-09-30 13F MORNINGSTAR COM 617700109 82,931 -57,392 -40.90 19,241 -56.32 0.0207
2025-08-14 2025-06-30 13F MORNINGSTAR COM 617700109 140,323 1,254 0.90 44,052 5.63 0.0511
2025-05-14 2025-03-31 13F/A-1 MORNINGSTAR COM 617700109 139,069 2,130 1.56 41,704 -9.57 0.0537
2025-05-13 2025-03-31 13F MORNINGSTAR COM 617700109 138,746 1,807 46,278 0.0503
2025-02-11 2024-12-31 13F MORNINGSTAR COM 617700109 136,939 1,884 1.39 46,115 7.00 0.0592
2024-11-12 2024-09-30 13F MORNINGSTAR COM 617700109 135,055 7,039 5.50 43,100 13.80 0.0560
2024-08-13 2024-06-30 13F MORNINGSTAR COM 617700109 128,016 1,084 0.85 37,874 -3.24 0.0537
2024-05-07 2024-03-31 13F MORNINGSTAR COM 617700109 126,932 3,482 2.82 39,143 10.77 0.0574
2024-02-14 2023-12-31 13F MORNINGSTAR COM 617700109 123,450 -4,363 -3.41 35,336 18.03 0.0567
2023-11-14 2023-09-30 13F MORNINGSTAR COM 617700109 127,813 1,637 1.30 29,939 21.02 0.0538
2023-08-11 2023-06-30 13F MORNINGSTAR COM 617700109 126,176 -1,959 -1.53 24,739 -4.91 0.0432
2023-05-12 2023-03-31 13F MORNINGSTAR COM 617700109 128,135 43,713 51.78 26,016 42.29 0.0483
2023-02-10 2022-12-31 13F MORNINGSTAR COM 617700109 84,422 -439 -0.52 18,285 1.48 0.0406
2022-11-14 2022-09-30 13F MORNINGSTAR COM 617700109 84,861 2,259 2.73 18,017 -9.14 0.0402
2022-08-15 2022-06-30 13F MORNINGSTAR COM 617700109 82,602 5,748 7.48 19,829 -5.41 0.0428
2022-05-13 2022-03-31 13F MORNINGSTAR COM 617700109 76,854 81 0.11 20,964 -19.82 0.0421
2022-02-14 2021-12-31 13F MORNINGSTAR COM 617700109 76,773 2,045 2.74 26,146 34.75 0.0491
2021-11-12 2021-09-30 13F MORNINGSTAR COM 617700109 74,728 3,402 4.77 19,404 5.40 0.0407
2021-08-06 2021-06-30 13F MORNINGSTAR COM 617700109 71,326 7,049 10.97 18,410 27.84 0.0408
2021-05-12 2021-03-31 13F MORNINGSTAR COM 617700109 64,277 4,922 8.29 14,401 5.75 0.0363
2021-02-08 2020-12-31 13F MORNINGSTAR COM 617700109 59,355 3,424 6.12 13,618 54.00 0.0352
2020-12-04 2020-09-30 13F/A-1 MORNINGSTAR COM 617700109 55,931 -8,469 -13.15 8,843 -1.45 0.0256
2020-11-06 2020-09-30 13F MORNINGSTAR COM 617700109 64,624 224 10,239 24,653.2355
2020-08-17 2020-06-30 13F/A-1 MORNINGSTAR COM 617700109 64,400 24,854 62.85 8,973 95.49 0.0278
2020-08-11 2020-06-30 13F MORNINGSTAR COM 617700109 31,406 -8,140 4,466 12,114.2627
2020-05-14 2020-03-31 13F MORNINGSTAR COM 617700109 39,546 11,908 43.09 4,590 8.59 0.0169
2020-02-06 2019-12-31 13F MORNINGSTAR COM 617700109 27,638 -12,734 -31.54 4,227 -28.15 0.0126
2019-11-12 2019-09-30 13F MORNINGSTAR COM 617700109 40,372 3,566 9.69 5,883 10.90 0.0150
2019-08-14 2019-06-30 13F MORNINGSTAR COM 617700109 36,806 -2,661 -6.74 5,305 5.97 0.0173
2019-05-15 2019-03-31 13F MORNINGSTAR COM 617700109 39,467 -1,469 -3.59 5,006 5.92 0.0168
2019-02-13 2018-12-31 13F MORNINGSTAR COM 617700109 40,936 6,658 19.42 4,726 8.84 0.0168
2018-11-08 2018-09-30 13F MORNINGSTAR COM 617700109 34,278 -51,588 -60.08 4,342 -60.57 0.0157
2018-08-03 2018-06-30 13F MORNINGSTAR COM 617700109 85,866 6,131 7.69 11,012 44.59 0.0374
2018-05-11 2018-03-31 13F MORNINGSTAR COM 617700109 79,735 13,631 20.62 7,616 18.80 0.0292
2018-02-08 2017-12-31 13F MORNINGSTAR COM 617700109 66,104 3,548 5.67 6,411 20.62 0.0223
2017-11-06 2017-09-30 13F MORNINGSTAR COM 617700109 62,556 13,084 26.45 5,315 37.16 0.0189
2017-07-31 2017-06-30 13F MORNINGSTAR COM 617700109 49,472 16,448 49.81 3,875 49.33 0.0154
2017-05-05 2017-03-31 13F MORNINGSTAR COM 617700109 33,024 14,035 73.91 2,595 85.89 0.0114
2017-02-02 2016-12-31 13F MORNINGSTAR COM 617700109 18,989 -2,314 -10.86 1,396 -17.40 0.0068
2016-11-04 2016-09-30 13F MORNINGSTAR COM 617700109 21,303 5,852 37.87 1,690 33.81 0.0086
2016-08-11 2016-06-30 13F MORNINGSTAR COM 617700109 15,451 10,141 190.98 1,263 169.30 0.0076
2016-05-10 2016-03-31 13F/A-1 MORNINGSTAR COM 617700109 5,310 129 2.49 469 12.74 0.0029
2016-02-03 2015-12-31 13F MORNINGSTAR COM 617700109 5,181 1,939 59.81 416 60.00 0.0025
2015-11-02 2015-09-30 13F/A-1 MORNINGSTAR COM 617700109 3,242 190 6.23 260 7.00 0.0024
2015-10-30 2015-09-30 13F MORNINGSTAR COM 617700109 3,242 262
2015-08-07 2015-06-30 13F/A-1 MORNINGSTAR COM 617700109 3,052 502 19.69 243 31.35 0.0022
2015-08-04 2015-06-30 13F MORNINGSTAR COM 617700109 3,052 502 243 0.0022
2015-05-14 2015-03-31 13F/A-1 MORNINGSTAR COM 617700109 2,550 90 3.66 185 18.59 0.0016
2015-05-01 2015-03-31 13F MORGAN STANLEY CUSHNG MLP ETN 617700109 2,550 185
2015-02-10 2014-12-31 13F MORNINGSTAR COM 617700109 2,460 2,460 156 0.0014
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.