Morningstar Investment Management LLC
Long book
$1.62B
Q1 2026
Positions
315
Top-10 weight
39%
concentration
Last quarter
+8.1%
SPY +14.8%
Turnover
29%
of book per quarter
Strategy in plain words
auto-generated from filingsMorningstar Investment Management LLC is an institutional manager, running a $1.62B US long book across 315 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES US TREASURY BOND ETF, MICROSOFT CORP, VANGUARD TOTAL STOCK MKT ETF, APPLE INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+5.6%
Q3 2024
+0.6%
Q4 2024
-0.4%
Q1 2025
+6.1%
Q2 2025
+7.1%
Q3 2025
+1.5%
Q4 2025
-1.6%
Q1 2026
+8.1%
Sector allocation
Technology 34%
Healthcare 10%
Industrials 10%
Financials 10%
Services media 8%
Other 7%
Consumer staples 6%
Consumer discretionary 5%
Long book by quarter
What does Morningstar Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 144.3K | $53.4M | 3.3% | +28.1% |
| AAPL APPLE INC | Technology | 202.9K | $51.5M | 3.2% | -2.1% |
| GOOGL ALPHABET INC-CL A | Technology | 148.2K | $42.6M | 2.6% | -2.7% |
| NVDA NVIDIA CORP | Technology | 227.9K | $39.7M | 2.5% | +3.2% |
| META META PLATFORMS INC-CLASS A | Technology | 37.7K | $21.6M | 1.3% | +5.3% |
| V VISA INC-CLASS A SHARES | Services media | 43.6K | $13.2M | 0.8% | -18.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 61.6K | $12.8M | 0.8% | +17.5% |
| AVGO BROADCOM INC | Technology | 39.9K | $12.4M | 0.8% | +74.4% |
| BLK BLACKROCK INC | Financials | 11.2K | $10.7M | 0.7% | -13.1% |
| XOM EXXON MOBIL CORP | Energy | 62.9K | $10.7M | 0.7% | -21.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 43.6K | $10.7M | 0.7% | +9.6% |
| MA MASTERCARD INC - A | Services media | 19.8K | $9.9M | 0.6% | -16.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 102.4K | $9.6M | 0.6% | +4.2% |
| CSCO CISCO SYSTEMS INC | Technology | 121.2K | $9.4M | 0.6% | +4270.4% |
| PEP PEPSICO INC | Consumer staples | 59.0K | $9.2M | 0.6% | -7.0% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 40.0K | $9.0M | 0.6% | -16.6% |
| LMT LOCKHEED MARTIN CORP | Industrials | 13.6K | $8.2M | 0.5% | +13.4% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 54.5K | $8.2M | 0.5% | -4.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 56.5K | $8.2M | 0.5% | +13.7% |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 132.8K | $8.1M | 0.5% | +152.1% |
| PFE PFIZER INC | Healthcare | 274.9K | $7.7M | 0.5% | +6.6% |
| WMT WALMART INC | Consumer discretionary | 59.7K | $7.4M | 0.5% | +9.0% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 126.5K | $7.3M | 0.5% | +8.9% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 50.1K | $7.3M | 0.4% | +92.7% |
| EMR EMERSON ELECTRIC CO | Industrials | 54.7K | $7.2M | 0.4% | -36.6% |
| BF/B BROWN-FORMAN CORP-CLASS B | Consumer staples | 266.6K | $7.0M | 0.4% | -8.5% |
| TTE TOTALENERGIES SE | Energy | 72.2K | $6.6M | 0.4% | -31.3% |
| LRCX LAM RESEARCH CORP | Industrials | 30.0K | $6.4M | 0.4% | -14.6% |
| ADBE ADOBE INC | Technology | 26.2K | $6.4M | 0.4% | +25.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 13.3K | $6.4M | 0.4% | +5.6% |
| AXP AMERICAN EXPRESS CO | Financials | 20.7K | $6.2M | 0.4% | -26.2% |
| ACN ACCENTURE PLC-CL A | Services media | 31.5K | $6.2M | 0.4% | -0.4% |
| FAST FASTENAL CO | Consumer discretionary | 131.5K | $6.1M | 0.4% | -26.0% |
| WAT WATERS CORP | Healthcare | 20.4K | $6.1M | 0.4% | +58.4% |
| UNP UNION PACIFIC CORP | Industrials | 25.0K | $6.1M | 0.4% | -31.5% |
| FOXA FOX CORP - CLASS A | Communications | 100.5K | $5.9M | 0.4% | +5.5% |
| ROK ROCKWELL AUTOMATION INC | Other | 16.2K | $5.8M | 0.4% | +34.7% |
| USB US BANCORP | Financials | 107.5K | $5.6M | 0.3% | +6.2% |
| CL COLGATE-PALMOLIVE CO | Other | 65.0K | $5.5M | 0.3% | +29.0% |
| GD GENERAL DYNAMICS CORP | Industrials | 16.0K | $5.5M | 0.3% | -33.9% |
| NKE NIKE INC -CL B | Other | 103.1K | $5.4M | 0.3% | -32.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 11.1K | $5.4M | 0.3% | -0.6% |
| MAS MASCO CORP | Industrials | 88.0K | $5.3M | 0.3% | +93.7% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 68.5K | $5.3M | 0.3% | +240.5% |
| EBAY EBAY INC | Services media | 57.7K | $5.2M | 0.3% | +299.5% |
| IFF INTL FLAVORS & FRAGRANCES | Other | 71.2K | $5.2M | 0.3% | +5.3% |
| AMGN AMGEN INC | Healthcare | 14.5K | $5.1M | 0.3% | +8.0% |
| AMAT APPLIED MATERIALS INC | Technology | 14.9K | $5.1M | 0.3% | -57.2% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 54.8K | $5.1M | 0.3% | +5.3% |
| CMCSA COMCAST CORP-CLASS A | Communications | 173.1K | $5.0M | 0.3% | +6.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 315 | $1.62B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 327 | $1.69B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 17, 2025 | 471 | $2.72B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 205 | $1.14B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 71 | $1.17B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 212 | $1.27B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 214 | $1.01B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 195 | $957.0M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 200 | $922.2M | $K fixed canonical | SEC ↗ |
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