Morningstar, Inc.
US ˙ NasdaqGS ˙ US6177001095

SecurityMORN / Morningstar, Inc.
InstitutionRoyce Value Trust Inc
Latest Disclosed Ownership11,289 shares
Latest Disclosed Value $ 3,543,955
Royce Value Trust Inc ownership in MORN / Morningstar, Inc.

On August 15, 2025 - Royce Value Trust Inc filed a NPORT-P form disclosing ownership of 11,289 shares of Morningstar, Inc. (US:MORN) valued at $3,543,956 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 19, 2025 disclosing 11,289 shares of Morningstar, Inc.. This represents a change in shares of 0.00% during the quarter. The current value of the position is $2,095,690 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.

Upgrade to unlock premium data and export to Excel .

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)
2025-08-15 2025-06-30 NP Morningstar EC US6177001095 11,289 0 0.00 3,544 4.67 0.1769
2025-05-19 2025-03-31 NP Morningstar EC US6177001095 11,289 -3,227 -22.23 3,385 -30.75 0.1840
2025-02-21 2024-12-31 NP Morningstar EC US6177001095 14,516 -1,000 -6.44 4,888 -1.27 0.2446
2024-11-19 2024-09-30 NP Morningstar EC US6177001095 15,516 -440 -2.76 4,951 4.89 0.2451
2024-08-12 2024-06-30 NP Morningstar EC US6177001095 15,956 -5,100 -24.22 4,721 -27.31 0.2474
2024-05-28 2024-03-31 NP Morningstar EC US6177001095 21,056 0 0.00 6,493 7.73 0.3319
2024-02-20 2023-12-31 NP Morningstar EC US6177001095 21,056 3,435 19.49 6,027 46.04 0.3233
2023-11-22 2023-09-30 NP Morningstar EC US6177001095 17,621 13,479 325.42 4,128 408.25 0.2482
2023-08-09 2023-06-30 NP Morningstar EC US6177001095 4,142 0 0.00 812 -3.33 0.0463
2023-05-19 2023-03-31 NP Morningstar EC US6177001095 4,142 0 0.00 841 -6.35 0.0498
2023-02-21 2022-12-31 NP Morningstar EC US6177001095 4,142 0 0.00 897 2.05 0.0559
2022-11-17 2022-09-30 NP Morningstar EC US6177001095 4,142 -48,658 -92.16 879 -93.12 0.0596
2022-08-16 2022-06-30 NP Morningstar EC US6177001095 52,800 -5,900 -10.05 12,769 -20.37 0.8073
2022-05-16 2022-03-31 NP Morningstar EC US6177001095 58,700 0 0.00 16,035 -20.12 0.8362
2022-02-24 2021-12-31 NP Morningstar EC US6177001095 58,700 0 0.00 20,075 32.02 0.9337
2021-11-22 2021-09-30 NP Morningstar EC US6177001095 58,700 0 0.00 15,205 0.75 0.7306
2021-08-24 2021-06-30 NP Morningstar EC US6177001095 58,700 0 0.00 15,092 14.26 0.6965
2021-05-17 2021-03-31 NP Morningstar EC US6177001095 58,700 0 0.00 13,210 -2.82 0.6324
2021-02-19 2020-12-31 NP Morningstar EC US6177001095 58,700 -25,900 -30.61 13,593 0.04 0.7197
2020-11-24 2020-09-30 NP Morningstar EC US6177001095 84,600 0 0.00 13,588 13.93 0.8994
2020-08-19 2020-06-30 NP Morningstar EC US6177001095 84,600 0 0.00 11,926 21.27 0.8281
2020-05-27 2020-03-31 NP Morningstar EC US6177001095 84,600 0 0.00 9,835 -23.17 0.8787
2020-02-19 2019-12-31 NP Morningstar EC 617700109 84,600 0 0.00 12,801 3.53 0.7862
2019-11-25 2019-09-30 NP Morningstar EC US6177001095 84,600 84,600 12,363 0.8253
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.