BlackRock, Inc. filed an amended beneficial ownership statement with the SEC on October 27, 2026, disclosing its holdings in Morningstar, Inc. common stock as of the event date of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: BlackRock reported beneficial ownership of 1,821,367 shares of Morningstar, Inc. common stock.
  • Percent of class: The reported position represents 4.9% of the outstanding common shares of Morningstar, Inc.
  • Sole voting power: BlackRock disclosed sole voting power over 1,758,850 shares, with shared voting power of zero.
  • Sole dispositive power: The filing reported sole dispositive power over all 1,821,367 shares, with shared dispositive power of zero.
  • Type of reporting person: BlackRock is identified in the filing as a parent holding company (type code "HC"), incorporated in Delaware.
  • Event date: The date of the event requiring the filing was September 30, 2026, according to the cover page.

BlackRock's Disclosed Position in Morningstar Common Stock

According to the filing, BlackRock, Inc., headquartered at 50 Hudson Yards, New York, NY 10001, submitted this amended statement as a parent holding company. The disclosure states that the reported shares reflect securities "beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the 'Reporting Business Units') of BlackRock, Inc. and its subsidiaries and affiliates." The filing further notes that it does not include securities, if any, beneficially owned by other business units whose beneficial ownership is disaggregated from that of the Reporting Business Units in accordance with SEC Release No. 34-39538 (January 12, 1998).

Morningstar, Inc., the issuer, is identified in the filing with principal executive offices at 22 West Washington Street, Chicago, IL 60602. Morningstar is a provider of independent investment research and related data and analytics products. The filing covers the company's common stock, identified by CUSIP number 617700109. Under Item 5, the filing confirms ownership of 5 percent or less of the class. Under Item 6, the filing states that "various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Morningstar, Inc." but that no single person's interest exceeds five percent of total outstanding common shares.

The certification, signed by Spencer Fleming, Managing Director at BlackRock, Inc., dated October 27, 2026, states that the referenced securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing references Exhibit 99, which identifies the relevant subsidiaries per Item 7 requirements for a parent holding company.

What Was Disclosed

BlackRock, Inc. filed an amended beneficial ownership statement disclosing a 4.9% stake, totaling 1,821,367 shares, in Morningstar, Inc. common stock as of September 30, 2026, with sole dispositive power over all reported shares and sole voting power over 1,758,850 shares.