— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Morningstar Investment Management LLC

Q2 2025 · Filed 2025-07-28
Market Value
$1.1B
-3.0%
Holdings
210
-5
New Purchases
140
Added To
46
Closed
6
Reduced
14
Top 10 Concentration
69.5%
Turnover
69.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VHT 8.83% 6.53% +2.30% $101M
NVDA 4.69% 2.42% +2.27% $53M
MSFT 5.68% 4.10% +1.58% $65M
GOOGL 5.54% 3.99% +1.55% $63M
KXI 1.36% 0.00% +1.36% $15M
META 3.36% 2.09% +1.27% $38M
VTI 6.24% 5.25% +0.99% $71M
AAPL 5.34% 4.39% +0.95% $61M
AVGO 1.56% 0.69% +0.87% $18M
FTEC 2.09% 1.32% +0.78% $24M
NFLX 1.00% 0.50% +0.50% $11M
FNDE 1.63% 1.25% +0.38% $19M
BNDX 0.35% 0.00% +0.35% $4M
DIS 0.75% 0.47% +0.28% $9M
AMZN 1.38% 1.16% +0.22% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VMBS 0.00% 10.27% -10.27% $0
VCIT 0.00% 5.72% -5.72% $0
XTEN 0.00% 2.27% -2.27% $0
VDC 3.85% 5.89% -2.05% $44M
GOVT 22.37% 24.31% -1.93% $255M
SCHO 3.60% 4.08% -0.48% $41M
XLU 0.00% 0.38% -0.38% $0
XLB 0.00% 0.37% -0.37% $0
FLBR 0.00% 0.28% -0.28% $0
VGIT 0.38% 0.62% -0.24% $4M
VT 0.15% 0.25% -0.10% $2M
T 0.08% 0.09% -0.01% $916K
MO 0.10% 0.11% -0.01% $1M
EPD 0.12% 0.13% -0.01% $1M
MDLZ 0.16% 0.16% -0.00% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 35 $430M 37.8%
Large Cap 163 $605M 53.1%
Mid Cap 9 $89M 7.8%
Small Cap 2 $15M 1.4%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$210.8B
Median Market Cap
$67.5B
Avg P/E
27.6
Median P/E
22.8
Avg Dividend Yield
0.02%
Avg Beta
0.84
# Stocks
187
# ETFs / Funds
23

Top Holdings (210 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOVT 22.37% 11,091,055 $255M $22.98 -$31M -1,329,030 -10.7%
2 VHT 8.83% 405,130 $101M $248.34 $24M +115,252 +39.8%
3 VTI 6.24% 233,826 $71M $303.93 $9M +9,550 +4.3%
4 MSFT 5.68% 130,004 $65M $497.41 $17M +1,705 +1.3%
5 GOOGL 5.54% 358,015 $63M $176.23 $16M +54,808 +18.1%
6 AAPL 5.34% 296,355 $61M $205.17 $9M +64,177 +27.6%
7 NVDA 4.69% 338,301 $53M $157.99 $25M +75,800 +28.9%
8 VDC 3.85% 200,109 $44M $219.00 -$25M -116,155 -36.7%
9 SCHO 3.60% 1,681,738 $41M $24.38 -$7M -288,391 -14.6%
10 META 3.36% 51,914 $38M $738.09 $14M +9,294 +21.8%
11 SCHH 2.21% 1,187,440 $25M $21.16 $1M +70,732 +6.3%
12 FTEC 2.09% 120,949 $24M $197.22 $8M +25,024 +26.1%
13 EWY 2.01% 318,457 $23M $71.78 -$204K -108,319 -25.4%
14 FNDE 1.63% 561,672 $19M $33.01 $4M +86,605 +18.2%
15 AVGO 1.56% 64,316 $18M $275.65 $10M +15,918 +32.9%
16 AMZN 1.38% 71,550 $16M $219.39 $2M
17 KXI 1.36% 236,154 $15M $65.38 +236,154 NEW
18 NFLX 1.00% 8,519 $11M $1,339.12 $5M +2,168 +34.1%
19 VGLT 0.92% 187,211 $11M $56.12 $2M +39,881 +27.1%
20 SPSM 0.91% 242,438 $10M $42.60 $2M +38,313 +18.8%
21 VZ 0.79% 207,578 $9M $43.27 $2M +53,137 +34.4%
22 DIS 0.75% 69,311 $9M $124.01 $3M +13,217 +23.6%
23 CMCSA 0.72% 230,556 $8M $35.69 $1M +45,926 +24.9%
24 MOAT 0.64% 77,770 $7M $93.79 $1M +8,259 +11.9%
25 VGIT 0.38% 72,197 $4M $59.81 -$3M -49,427 -40.6%
26 BNDX 0.35% 81,366 $4M $49.50 +81,366 NEW
27 VTIP 0.35% 78,982 $4M $50.26 $2M +43,564 +123.0%
28 PBR 0.33% 298,508 $4M $12.51 $277K +57,437 +23.8%
29 XOM 0.32% 33,702 $4M $107.80 $288K +5,579 +19.8%
30 WMB 0.23% 41,896 $3M $62.80 $27K -1,684 -3.9%
31 KMI 0.23% 88,905 $3M $29.40 -$99K -6,178 -6.5%
32 CVX 0.22% 17,617 $3M $143.21 $245K +3,998 +29.4%
33 CME 0.21% 8,762 $2M $275.62 -$78K -634 -6.8%
34 PEP 0.20% 17,316 $2M $132.02 $105K +2,769 +19.0%
35 TMUS 0.20% 9,480 $2M $238.29 +9,480 NEW
36 OKE 0.20% 27,375 $2M $81.64 -$64K +4,206 +18.1%
37 MDT 0.17% 22,762 $2M $87.16 $92K +1,712 +8.1%
38 MDLZ 0.16% 27,207 $2M $67.45 -$100K -1,305 -4.6%
39 TME 0.16% 92,622 $2M $19.49 $661K +13,238 +16.7%
40 ADP 0.16% 5,820 $2M $308.42 +5,820 NEW
41 BLK 0.15% 1,667 $2M $1,049.19 +1,667 NEW
42 ICE 0.15% 9,530 $2M $183.42 -$68K -998 -9.5%
43 LNG 0.15% 7,074 $2M $243.57 +7,074 NEW
44 VT 0.15% 13,150 $2M $128.52 -$1M -11,901 -47.5%
45 CSCO 0.14% 22,409 $2M $69.39 $189K +267 +1.2%
46 PDD 0.13% 14,071 $1M $104.68 +14,071 NEW
47 NOC 0.13% 2,911 $1M $499.83 +2,911 NEW
48 EPD 0.12% 45,093 $1M $31.00 -$104K +1,085 +2.5%
49 GILD 0.12% 12,570 $1M $110.90 -$50K -321 -2.5%
50 MSI 0.12% 3,307 $1M $420.32 +3,307 NEW
51 PFE 0.12% 57,082 $1M $24.25 $172K +9,270 +19.4%
52 CL 0.12% 15,153 $1M $90.87 $9K +553 +3.8%
53 HON 0.12% 5,850 $1M $232.82 +5,850 NEW
54 BDX 0.12% 7,681 $1M $172.24 +7,681 NEW
55 AJG 0.11% 3,964 $1M $320.13 +3,964 NEW
56 AON 0.10% 3,301 $1M $356.86 +3,301 NEW
57 GD 0.10% 4,011 $1M $291.70 +4,011 NEW
58 MO 0.10% 19,897 $1M $58.65 -$112K -1,413 -6.6%
59 SRE 0.10% 15,299 $1M $75.76 $223K +2,188 +16.7%
60 COST 0.10% 1,171 $1M $989.75 +1,171 NEW
61 ET 0.10% 62,947 $1M $18.13 $38K +3,610 +6.1%
62 AMGN 0.10% 4,084 $1M $279.14 +4,084 NEW
63 LMT 0.10% 2,460 $1M $463.01 +2,460 NEW
64 ORLY 0.10% 12,525 $1M $90.14 +12,525 NEW
65 TJX 0.09% 8,639 $1M $123.51 +8,639 NEW
66 TXN 0.09% 5,030 $1M $207.55 +5,030 NEW
67 ROP 0.09% 1,833 $1M $566.83 +1,833 NEW
68 TMO 0.09% 2,540 $1M $405.51 +2,540 NEW
69 AZO 0.09% 272 $1M $3,713.24 +272 NEW
70 PAA 0.08% 52,623 $964K $18.32 -$22K +3,317 +6.7%
71 ZTS 0.08% 6,052 $944K $155.98 +6,052 NEW
72 WFC 0.08% 11,683 $936K $80.12 $185K +1,220 +11.7%
73 T 0.08% 31,650 $916K $28.94 -$134K -5,482 -14.8%
74 SHW 0.08% 2,655 $912K $343.50 +2,655 NEW
75 GS 0.08% 1,253 $887K $707.90 +1,253 NEW
76 EMR 0.08% 6,589 $879K $133.40 +6,589 NEW
77 BAC 0.08% 18,564 $878K $47.30 $208K +2,504 +15.6%
78 SPG 0.08% 5,422 $872K $160.83 +5,422 NEW
79 MRK 0.08% 10,924 $865K $79.18 +10,924 NEW
80 USB 0.08% 18,956 $858K $45.26 $133K +1,778 +10.3%
81 UPS 0.07% 8,285 $836K $100.91 +8,285 NEW
82 MS 0.07% 5,834 $822K $140.90 +5,834 NEW
83 TT 0.07% 1,874 $820K $437.57 +1,874 NEW
84 JPM 0.07% 2,799 $811K $289.75 +2,799 NEW
85 MPLX 0.07% 14,610 $753K $51.54 -$29K
86 ETN 0.06% 2,064 $737K $357.07 +2,064 NEW
87 ADSK 0.06% 2,364 $732K $309.64 +2,364 NEW
88 JNJ 0.06% 4,686 $716K $152.80 +4,686 NEW
89 EOG 0.06% 5,886 $704K $119.61 +5,886 NEW
90 CSX 0.06% 21,370 $697K $32.62 $135K +2,281 +11.9%
91 NTRS 0.06% 5,483 $695K $126.76 +5,483 NEW
92 CTAS 0.06% 3,105 $692K $222.87 +3,105 NEW
93 NKE 0.06% 9,621 $683K $70.99 +9,621 NEW
94 TFC 0.06% 15,728 $676K $42.98 $150K +2,948 +23.1%
95 AEP 0.06% 6,451 $669K $103.70 +6,451 NEW
96 PNC 0.06% 3,567 $665K $186.43 +3,567 NEW
97 HCA 0.06% 1,735 $665K $383.29 +1,735 NEW
98 TDG 0.06% 435 $661K $1,519.54 +435 NEW
99 SBUX 0.06% 7,124 $653K $91.66 +7,124 NEW
100 KO 0.06% 9,028 $639K $70.78 +9,028 NEW

New Positions

SymbolValue% Port
KXI $15M 1.36%
BNDX $4M 0.35%
TMUS $2M 0.20%
ADP $2M 0.16%
BLK $2M 0.15%
LNG $2M 0.15%
PDD $1M 0.13%
NOC $1M 0.13%
MSI $1M 0.12%
HON $1M 0.12%
BDX $1M 0.12%
AJG $1M 0.11%
AON $1M 0.10%
GD $1M 0.10%
COST $1M 0.10%

Sold Out Positions

SymbolValue% Port
VCIT —%
VMBS —%
XTEN —%
XLB —%
FLBR —%
XLU —%
View SEC EDGAR Filings for Morningstar Investment Management LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms