Morningstar Investment Management LLC

Q4 2025 13F-HR Holdings

Location
Chicago, IL
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
327
Total value ($000)
$1,693,957
Net value change ($000)
-1,025,746 (-37.7%)
New positions
18
Sold out positions
162
Turnover %
30.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/17/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
TOTALENERGIES SE 6,852 NEW
ZTS 6,264 NEW
ZBH 3,504 206.1%
TYL 3,429 NEW
CLX 2,974 89.5%
WDAY 2,942 102.7%
RCI 2,548 NEW
DVN 2,089 NEW
GOOGL 2,059 4.5%
SHOP 2,020 NEW
Top Reduces (Value $000, Stocks/ETFs)
NVDA -65,582 -61.4%
MSFT -30,006 -35.5%
AMZN -27,777 -69.7%
META -27,238 -53.5%
AAPL -22,265 -28.3%
JPM -19,878 -98.5%
IXUS -19,017 -90.5%
TSM -16,620 -58.2%
V -15,415 -45.3%
RTX -15,408 -100.0%
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