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Morningstar
MORN

324 hedge funds and large institutions have $6.17B invested in Morningstar in 2023 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 101 increasing their positions, 95 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 37

29% more capital invested

Capital invested by funds: $4.79B → $6.17B (+$1.38B)

10% more funds holding

Funds holding: 294 → 324 (+30)

4.25% more ownership

Funds ownership: 57.45% → 61.7% (+4.3%)

6% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 95

30% less call options, than puts

Call options by funds: $12.2M | Put options by funds: $17.5M

Holders
324
Holders Change
+30
Holders Change %
+10.2%
% of All Funds
5.14%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
69
Increased
101
Reduced
95
Closed
37
Calls
$12.2M
Puts
$17.5M
Net Calls
-$5.34M
Net Calls Change
-$9.77M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$277M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$127M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$85.9M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$78.8M
5
State Street
State Street
Massachusetts
+$71M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$108M
2
JP Morgan Chase
JP Morgan Chase
New York
-$97M
3
Select Equity Group
Select Equity Group
New York
-$76.5M
4
Millennium Management
Millennium Management
New York
-$65.2M
5
Invesco
Invesco
Georgia
-$18.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Teachers Retirement System (NYSTRS)
151
New York State Teachers Retirement System (NYSTRS)
New York
$1.31M +$1.26M +5,600 New
BCIM
152
Black Creek Investment Management
Ontario, Canada
$1.26M -$361K -1,600 -23%
Citigroup
153
Citigroup
New York
$1.24M -$145K -642 -11%
COPPSERS
154
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.23M +$1.19M +5,269 New
NMERB
155
New Mexico Educational Retirement Board
New Mexico
$1.22M +$1.17M +5,200 New
Zurich Cantonal Bank
156
Zurich Cantonal Bank
Switzerland
$1.19M +$147K +650 +15%
BSW
157
Buckingham Strategic Wealth
Missouri
$1.18M -$272K -1,207 -19%
Bank of Montreal
158
Bank of Montreal
Ontario, Canada
$1.17M +$455K +2,014 +76%
Osaic Holdings
159
Osaic Holdings
Arizona
$1.16M +$283K +1,253 +34%
CIBC Private Wealth Group
160
CIBC Private Wealth Group
Georgia
$1.05M +$705K +3,121 +232%
URS
161
Utah Retirement Systems
Utah
$1.04M +$22.6K +100 +2%
JIC
162
Johnson Investment Counsel
Ohio
$1.04M – – –
MCA
163
Martin Capital Advisors
Texas
$1M +$45.2K +200 +5%
BWM
164
BCGM Wealth Management
Indiana
$992K +$72.9K +323 +8%
PWG
165
Portside Wealth Group
Utah
$982K -$38.8K -172 -4%
Teacher Retirement System of Texas
166
Teacher Retirement System of Texas
Texas
$956K +$90.8K +402 +11%
JMPWA
167
JP Morgan Private Wealth Advisors
California
$875K -$31.8K -141 -4%
MML Investors Services
168
MML Investors Services
Massachusetts
$867K +$119K +528 +17%
LAS
169
Lloyd Advisory Services
Georgia
$863K +$831K +3,683 New
NG
170
Norden Group
Utah
$863K +$831K +3,683 New
ASN
171
Advisory Services Network
Georgia
$852K -$26.4K -117 -3%
Federated Hermes
172
Federated Hermes
Pennsylvania
$830K +$800K +3,542 New
IEFM
173
IQ EQ Fund Management
Ireland
$827K -$487K -2,155 -38%
CCA
174
Covey Capital Advisors
Georgia
$806K – – –
Handelsbanken Fonder
175
Handelsbanken Fonder
Sweden
$790K – – –
5 6
7
8 9

MORN Hedge Fund Activity: Q3 2023 in Review

324 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Morningstar (MORN) for Q3 2023, worth a combined $6.17B — up 29% from $4.79B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new MORN positions and 37 closed out — a net gain of 32 holders — while 101 added to existing stakes and 95 trimmed.

The largest buyer was BlackRock, adding an estimated $277M. The largest seller was Goldman Sachs, cutting an estimated $108M.

  • 324 institutional investors held Morningstar (MORN) as of Q3 2023, up from 294 in Q2 2023.
  • Funds reported $6.17B of Morningstar stock for Q3 2023, up 29% quarter-over-quarter.
  • 69 funds opened new Morningstar positions in Q3 2023 and 37 closed out, a net change of +32 holders.
  • The largest Morningstar buyer in Q3 2023 was BlackRock, an estimated $277M added.
  • The largest Morningstar seller in Q3 2023 was Goldman Sachs, an estimated $108M sold.

Based on aggregated 13F filings for Q3 2023.