Morningstar
MORN
474 hedge funds and large institutions have $5.27B invested in Morningstar in 2025 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 148 increasing their positions, 191 reducing their positions, and 59 closing their positions.
330% more call options, than puts
Call options by funds: $9.62M | Put options by funds: $2.24M
53% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 59
5% more funds holding
Funds holding: 451 → 474 (+23)
0.16% less ownership
Funds ownership: 59.08% → 58.92% (-0.16%)
9% less capital invested
Capital invested by funds: $5.78B → $5.27B (-$515M)
23% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 191
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$113M |
| 2 |
Jane Street
New York
|
+$64.9M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$63.3M |
| 4 |
Two Sigma Advisers
New York
|
+$41.9M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$30M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$126M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$125M |
| 3 |
LIP
Liontrust Investment Partners
London,
United Kingdom
|
-$80.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$51.1M |
| 5 |
BAMCO Inc
New York
|
-$37.4M |
MORN Hedge Fund Activity: Q4 2025 in Review
474 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Morningstar (MORN) for Q4 2025, worth a combined $5.27B — down 8.9% from $5.78B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new MORN positions and 59 closed out — a net gain of 31 holders — while 148 added to existing stakes and 191 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $113M. The largest seller was Select Equity Group, cutting an estimated $126M.
- 474 institutional investors held Morningstar (MORN) as of Q4 2025, up from 451 in Q3 2025.
- Funds reported $5.27B of Morningstar stock for Q4 2025, down 8.9% quarter-over-quarter.
- 90 funds opened new Morningstar positions in Q4 2025 and 59 closed out, a net change of +31 holders.
- The largest Morningstar buyer in Q4 2025 was Wellington Management Group, an estimated $113M added.
- The largest Morningstar seller in Q4 2025 was Select Equity Group, an estimated $126M sold.
Based on aggregated 13F filings for Q4 2025.