Morningstar, Inc.
US ˙ NasdaqGS ˙ US6177001095

SecurityMORN / Morningstar, Inc.
InstitutionState Street Corp
Latest Disclosed Ownership735,574 shares
Latest Disclosed Value $ 124,348,785
State Street Corp reports 1.52% decrease in ownership of MORN / Morningstar, Inc.

On May 15, 2026 - State Street Corp filed a 13F-HR form disclosing ownership of 735,574 shares of Morningstar, Inc. (US:MORN) valued at $124,348,785 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 746,907 shares of Morningstar, Inc.. This represents a change in shares of -1.52% during the quarter. The current value of the position is $136,640,226 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 735,574 -11,333 -1.52 124,349 -23.39 0.0043
2026-02-13 2025-12-31 13F MORNINGSTAR COM 617700109 746,907 -16,316 -2.14 162,310 -8.34 0.0054
2025-11-14 2025-09-30 13F MORNINGSTAR COM 617700109 763,223 -20,952 -2.67 177,075 -28.07 0.0061
2025-08-14 2025-06-30 13F MORNINGSTAR COM 617700109 784,175 -65,830 -7.74 246,176 -3.42 0.0092
2025-05-15 2025-03-31 13F MORNINGSTAR COM 617700109 850,005 8,371 0.99 254,891 -10.07 0.0105
2025-02-14 2024-12-31 13F MORNINGSTAR COM 617700109 841,634 37,341 4.64 283,429 10.43 0.0112
2024-11-14 2024-09-30 13F MORNINGSTAR COM 617700109 804,293 28,698 3.70 256,666 11.86 0.0104
2024-08-14 2024-06-30 13F MORNINGSTAR COM 617700109 775,595 4,151 0.54 229,460 -3.54 0.0100
2024-05-15 2024-03-31 13F MORNINGSTAR COM 617700109 771,444 29,909 4.03 237,890 12.08 0.0106
2024-02-14 2023-12-31 13F MORNINGSTAR COM 617700109 741,535 28,029 3.93 212,257 27.00 0.0103
2023-11-14 2023-09-30 13F MORNINGSTAR COM 617700109 713,506 314,474 78.81 167,132 113.62 0.0093
2023-08-14 2023-06-30 13F MORNINGSTAR COM 617700109 399,032 3,930 0.99 78,238 -2.47 0.0041
2023-05-15 2023-03-31 13F MORNINGSTAR COM 617700109 395,102 10,615 2.76 80,218 -3.67 0.0045
2023-05-15 2022-12-31 13F/A-99 MORNINGSTAR COM 617700109 384,487 -3,807 -0.98 83,276 1.01 0.0049
2023-05-15 2022-12-31 13F MORNINGSTAR COM 617700109 384,487 -3,807 83,276 0.0049
2022-11-15 2022-09-30 13F MORNINGSTAR COM 617700109 388,294 10,850 2.87 82,443 -9.81 0.0052
2022-08-15 2022-06-30 13F MORNINGSTAR COM 617700109 377,444 8,851 2.40 91,412 -9.33 0.0055
2022-05-16 2022-03-31 13F MORNINGSTAR COM 617700109 368,593 1,017 0.28 100,820 -19.80 0.0050
2022-02-14 2021-12-31 13F MORNINGSTAR COM 617700109 367,576 13,752 3.89 125,707 37.16 0.0060
2021-11-15 2021-09-30 13F MORNINGSTAR COM 617700109 353,824 4,377 1.25 91,651 2.01 0.0048
2021-08-16 2021-06-30 13F MORNINGSTAR COM 617700109 349,447 70,389 25.22 89,846 43.07 0.0047
2021-07-09 2021-03-31 13F/A-1 MORNINGSTAR COM 617700109 279,058 -5,901 -2.07 62,799 -4.96 0.0036
2021-05-17 2021-03-31 13F MORNINGSTAR COM 617700109 279,058 -5,901 62,799 0.0036
2021-02-16 2020-12-31 13F MORNINGSTAR COM 617700109 284,959 -1,931 -0.67 66,078 43.41 0.0040
2020-11-10 2020-09-30 13F MORNINGSTAR COM 617700109 286,890 -11,124 -3.73 46,077 9.68 0.0031
2020-08-14 2020-06-30 13F MORNINGSTAR COM 617700109 298,014 6,297 2.16 42,011 23.88 0.0031
2020-06-19 2020-03-31 13F/A-1 MORNINGSTAR COM 617700109 291,717 22,315 8.28 33,912 -16.81 0.0030
2020-05-11 2020-03-31 13F MORNINGSTAR COM 617700109 291,717 22,315 33,912 2,978.1564
2020-02-06 2019-12-31 13F MORNINGSTAR COM 617700109 269,402 -979 -0.36 40,763 3.16 0.0028
2019-11-14 2019-09-30 13F MORNINGSTAR COM 617700109 270,381 -3,220 -1.18 39,513 -0.15 0.0029
2019-08-14 2019-06-30 13F MORNINGSTAR COM 617700109 273,601 3,016 1.11 39,574 16.08 0.0030
2019-05-15 2019-03-31 13F MORNINGSTAR COM 617700109 270,585 -17,236 -5.99 34,091 7.84 0.0027
2019-02-12 2018-12-31 13F MORNINGSTAR COM 617700109 287,821 -6,334 -2.15 31,614 -14.64 0.0029
2018-11-09 2018-09-30 13F MORNINGSTAR Common equity shares 617700109 294,155 17,054 6.15 37,035 4.20 0.0028
2018-08-14 2018-06-30 13F MORNINGSTAR Common equity shares 617700109 277,101 -14,756 -5.06 35,542 27.49 0.0030
2018-05-15 2018-03-31 13F MORNINGSTAR Common equity shares 617700109 291,857 -6,316 -2.12 27,878 -3.60 0.0024
2018-02-14 2017-12-31 13F MORNINGSTAR Common equity shares 617700109 298,173 6,737 2.31 28,919 16.80 0.0023
2017-11-14 2017-09-30 13F MORNINGSTAR Common equity shares 617700109 291,436 5,387 1.88 24,760 10.46 0.0021
2017-08-14 2017-06-30 13F MORNINGSTAR Common equity shares 617700109 286,049 18,730 7.01 22,415 6.67 0.0020
2017-05-15 2017-03-31 13F MORNINGSTAR Common equity shares 617700109 267,319 6,341 2.43 21,013 9.49 0.0019
2017-02-09 2016-12-31 13F MORNINGSTAR Common equity shares 617700109 260,978 9,113 3.62 19,192 -3.89 0.0018
2017-01-13 2016-09-30 13F/A-1 MORNINGSTAR Common equity shares 617700109 251,865 14,939 6.31 19,969 3.06 0.0020
2016-11-14 2016-09-30 13F MORNINGSTAR Common equity shares 617700109 251,865 19,969
2016-08-12 2016-06-30 13F MORNINGSTAR Common equity shares 617700109 236,926 -2,549 -1.06 19,376 -8.36 0.0021
2016-05-20 2016-03-31 13F/A-1 MORNINGSTAR Common equity shares 617700109 239,475 4,349 1.85 21,143 11.86 0.0023
2016-05-12 2016-03-31 13F MORNINGSTAR Common equity shares 617700109 239,475 21,143
2016-02-16 2015-12-31 13F MORNINGSTAR Common equity shares 617700109 235,126 5,473 2.38 18,902 2.58 0.0021
2015-11-16 2015-09-30 13F MORNINGSTAR Common equity shares 617700109 229,653 -5,395 -2.30 18,426 -1.45 0.0021
2015-08-13 2015-06-30 13F MORNINGSTAR Common equity shares 617700109 235,048 -509 -0.22 18,698 6.00 0.0020
2015-05-15 2015-03-31 13F MORNINGSTAR Common equity shares 617700109 235,557 -719 -0.30 17,640 15.40 0.0018
2015-02-11 2014-12-31 13F MORNINGSTAR Common equity shares 617700109 236,276 3,762 1.62 15,286 -3.17 0.0015
2014-11-12 2014-09-30 13F/A-1 MORNINGSTAR Common equity shares 617700109 232,514 -20,700 -8.17 15,787 -13.15 0.0017
2014-11-10 2014-09-30 13F MORNINGSTAR Common equity shares 617700109 232,514 15,787
2014-08-12 2014-06-30 13F MORNINGSTAR Common equity shares 617700109 253,214 -3,518 -1.37 18,177 -10.40 0.0020
2014-05-15 2014-03-31 13F/A-1 MORNINGSTAR Common equity shares 617700109 256,732 -995 -0.39 20,286 0.78 0.0023
2014-05-13 2014-03-31 13F MORNINGSTAR Common equity shares 617700109 256,863 20,296
2014-02-06 2013-12-31 13F/A-1 MORNINGSTAR Common equity shares 617700109 257,727 -8,699 -3.27 20,128 -4.67 0.0022
2014-02-06 2013-12-31 13F MORNINGSTAR Common equity shares 617700109 316,806 19,903
2013-11-12 2013-09-30 13F MORNINGSTAR Common equity shares 617700109 266,426 -18,680 -6.55 21,115 -4.54 0.0026
2013-08-08 2013-06-30 13F MORNINGSTAR Common equity shares 617700109 285,106 285,106 22,120 0.0029
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.