Morningstar Investment Management LLC

Q3 2025 13F-HR Holdings

Location
Chicago, IL
Holdings as of
9/30/2025
Date filed
11/17/2025
Form type
13F-HR
Num holdings
471
Total value ($000)
$2,719,703
Net value change ($000)
+1,580,136 (138.7%)
New positions
328
Sold out positions
62
Turnover %
44.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/28/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVDA 53,330 99.8%
SPSM 35,721 345.9%
SLYV 35,515 NEW
V 34,056 NEW
TSM 28,574 NEW
AMZN 24,170 154.0%
BNDX 21,835 542.1%
IXUS 21,010 NEW
ORCL 19,960 NEW
MSFT 19,835 30.7%
Top Reduces (Value $000, Stocks/ETFs)
VHT -87,246 -86.7%
VDC -43,824 -100.0%
GOOGL -17,511 -27.8%
EWY -17,419 -76.2%
SCHH -14,168 -56.4%
DIS -7,613 -88.6%
GOVT -7,454 -2.9%
AVGO -6,701 -37.8%
VZ -3,805 -42.4%
CMCSA -2,649 -32.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type