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Asset Manager ← All Institutions

Morningstar Investment Management LLC

Q3 2025 · Filed 2025-11-17
Market Value
$2.7B
+137.6%
Holdings
522
+312
New Purchases
318
Added To
118
Closed
62
Reduced
22
Top 10 Concentration
30.1%
Turnover
72.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLYV 1.31% 0.00% +1.31% $36M
V 1.26% 0.00% +1.26% $34M
TSM 1.06% 0.00% +1.06% $29M
SPSM 1.70% 0.91% +0.79% $46M
IXUS 0.78% 0.00% +0.78% $21M
ORCL 0.74% 0.00% +0.74% $20M
AXP 0.68% 0.00% +0.68% $18M
JPM 0.75% 0.07% +0.67% $20M
BLK 0.77% 0.15% +0.61% $21M
JNJ 0.67% 0.06% +0.61% $18M
BNDX 0.96% 0.35% +0.60% $26M
RTX 0.57% 0.00% +0.57% $15M
OMC 0.55% 0.00% +0.55% $15M
ICSH 0.52% 0.00% +0.52% $14M
ACN 0.52% 0.00% +0.52% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOVT 9.14% 22.37% -13.23% $247M
VHT 0.49% 8.83% -8.34% $13M
GOOGL 1.68% 5.54% -3.85% $46M
VDC 0.00% 3.85% -3.85% $0
VTI 2.66% 6.24% -3.58% $72M
MSFT 3.12% 5.68% -2.55% $84M
AAPL 2.90% 5.34% -2.43% $79M
SCHO 1.56% 3.60% -2.04% $42M
EWY 0.20% 2.01% -1.81% $5M
SCHH 0.40% 2.21% -1.80% $11M
META 1.88% 3.36% -1.48% $51M
FTEC 0.91% 2.09% -1.19% $25M
AVGO 0.41% 1.56% -1.15% $11M
FNDE 0.87% 1.63% -0.76% $24M
NVDA 3.95% 4.69% -0.75% $107M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $890M 32.9%
Large Cap 339 $1.5B 56.8%
Mid Cap 97 $226M 8.3%
Small Cap 30 $47M 1.7%
Micro Cap 1 $5M 0.2%

Portfolio Analytics

Avg Market Cap
$134.1B
Median Market Cap
$28.7B
Avg P/E
32.0
Median P/E
23.2
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
501
# ETFs / Funds
21

Top Holdings (522 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOVT 9.14% 10,701,492 $247M $23.12 -$7M -389,563 -3.5%
2 NVDA 3.95% 572,290 $107M $186.58 $53M +233,989 +69.2%
3 MSFT 3.12% 163,143 $84M $517.95 $20M +33,139 +25.5%
4 AAPL 2.90% 308,671 $79M $254.63 $18M +12,316 +4.2%
5 VTI 2.66% 219,333 $72M $328.17 $912K -14,493 -6.2%
6 META 1.88% 69,295 $51M $734.37 $13M +17,381 +33.5%
7 SPSM 1.70% 994,157 $46M $46.32 $36M +751,719 +310.1%
8 GOOGL 1.68% 187,502 $46M $243.10 -$18M -170,513 -47.6%
9 SCHO 1.56% 1,726,672 $42M $24.40 $1M +44,934 +2.7%
10 AMZN 1.47% 181,570 $40M $219.57 $24M +110,020 +153.8%
11 SLYV 1.31% 400,624 $36M $88.65 +400,624 NEW
12 V 1.26% 99,758 $34M $341.39 +99,758 NEW
13 TSM 1.06% 102,309 $29M $279.29 +102,309 NEW
14 BNDX 0.96% 522,907 $26M $49.46 $22M +441,541 +542.7%
15 FTEC 0.91% 110,357 $25M $222.17 $664K -10,592 -8.8%
16 FNDE 0.87% 652,975 $24M $36.16 $5M +91,303 +16.3%
17 IXUS 0.78% 254,423 $21M $82.58 +254,423 NEW
18 BLK 0.77% 17,839 $21M $1,165.87 $19M +16,172 +970.1%
19 JPM 0.75% 63,993 $20M $315.44 $19M +61,194 +2186.3%
20 ORCL 0.74% 70,973 $20M $281.23 +70,973 NEW
21 KXI 0.70% 293,821 $19M $64.37 $3M +57,667 +24.4%
22 AXP 0.68% 55,284 $18M $332.16 +55,284 NEW
23 JNJ 0.67% 98,377 $18M $185.42 $18M +93,691 +1999.4%
24 GD 0.61% 48,135 $16M $341.00 $15M +44,124 +1100.1%
25 XOM 0.59% 141,271 $16M $112.75 $12M +107,569 +319.2%
26 NFLX 0.58% 13,070 $16M $1,198.93 $4M +4,551 +53.4%
27 RTX 0.57% 92,082 $15M $167.33 +92,082 NEW
28 PEP 0.56% 107,334 $15M $140.44 $13M +90,018 +519.9%
29 OMC 0.55% 183,132 $15M $81.53 +183,132 NEW
30 HON 0.55% 70,557 $15M $210.50 $13M +64,707 +1106.1%
31 KVUE 0.52% 869,485 $14M $16.23 $14M +856,914 +6816.6%
32 ICSH 0.52% 276,624 $14M $50.75 +276,624 NEW
33 ACN 0.52% 56,754 $14M $246.61 +56,754 NEW
34 PGR 0.51% 55,893 $14M $246.95 +55,893 NEW
35 MA 0.50% 23,953 $14M $568.82 +23,953 NEW
36 UNP 0.50% 57,620 $14M $236.38 +57,620 NEW
37 VHT 0.49% 51,479 $13M $259.60 -$87M -353,651 -87.3%
38 ISRG 0.49% 29,407 $13M $447.24 +29,407 NEW
39 ETN 0.45% 32,555 $12M $374.26 $11M +30,491 +1477.3%
40 KLAC 0.45% 11,237 $12M $1,078.58 $12M +10,778 +2348.2%
41 DHR 0.44% 59,895 $12M $198.25 +59,895 NEW
42 MMC 0.44% 58,435 $12M $201.52 +58,435 NEW
43 MCK 0.43% 15,130 $12M $772.57 $11M +14,537 +2451.4%
44 TMO 0.42% 23,710 $12M $485.03 $10M +21,170 +833.5%
45 EMR 0.42% 87,328 $11M $131.18 $11M +80,739 +1225.4%
46 MRK 0.42% 135,266 $11M $83.93 $10M +124,342 +1138.2%
47 AVGO 0.41% 33,426 $11M $329.92 -$7M -30,890 -48.0%
48 NKE 0.41% 158,038 $11M $69.73 $10M +148,417 +1542.6%
49 SCHH 0.40% 508,037 $11M $21.57 -$14M -679,403 -57.2%
50 VGLT 0.40% 191,515 $11M $56.86 $384K +4,304 +2.3%
51 BA 0.40% 49,828 $11M $215.82 +49,828 NEW
52 APH 0.39% 84,776 $10M $123.75 $10M +79,820 +1610.6%
53 CI 0.38% 35,688 $10M $288.25 +35,688 NEW
54 TSLA 0.38% 23,049 $10M $444.70 +23,049 NEW
55 PYPL 0.38% 152,677 $10M $67.06 $10M +148,320 +3404.2%
56 AMAT 0.38% 49,783 $10M $204.73 $10M +48,151 +2950.4%
57 TXN 0.37% 55,145 $10M $183.73 $9M +50,115 +996.3%
58 DUK 0.37% 81,714 $10M $123.75 +81,714 NEW
59 MDLZ 0.37% 160,634 $10M $62.47 $8M +133,427 +490.4%
60 BF-B 0.36% 364,694 $10M $27.08 +364,694 NEW
61 CRM 0.36% 41,394 $10M $236.99 +41,394 NEW
62 PLD 0.36% 85,512 $10M $114.52 +85,512 NEW
63 STZ 0.36% 72,494 $10M $134.66 +72,494 NEW
64 ADBE 0.36% 27,638 $10M $352.78 +27,638 NEW
65 MS 0.36% 60,719 $10M $158.96 $9M +54,885 +940.8%
66 SYK 0.36% 26,057 $10M $369.65 +26,057 NEW
67 ITW 0.35% 36,805 $10M $260.75 +36,805 NEW
68 PANW 0.35% 46,079 $9M $203.63 +46,079 NEW
69 INTU 0.34% 13,408 $9M $682.88 $9M +12,814 +2157.2%
70 SPGI 0.34% 18,792 $9M $486.70 +18,792 NEW
71 ASML 0.33% 9,320 $9M $968.13 +9,320 NEW
72 SCHW 0.33% 93,769 $9M $95.47 +93,769 NEW
73 MCO 0.33% 18,633 $9M $476.47 +18,633 NEW
74 FAST 0.32% 177,579 $9M $49.04 $8M +172,045 +3108.9%
75 EL 0.32% 98,747 $9M $88.12 +98,747 NEW
76 GWW 0.32% 9,095 $9M $952.94 +9,095 NEW
77 ABNB 0.32% 71,156 $9M $121.42 +71,156 NEW
78 COP 0.32% 91,260 $9M $94.59 +91,260 NEW
79 PFE 0.31% 326,558 $8M $25.48 $7M +269,476 +472.1%
80 HD 0.30% 20,021 $8M $405.17 +20,021 NEW
81 KKR 0.30% 62,267 $8M $129.96 +62,267 NEW
82 CPB 0.29% 252,062 $8M $31.58 +252,062 NEW
83 ABBV 0.29% 34,293 $8M $231.53 $8M +32,334 +1650.5%
84 SHW 0.29% 22,726 $8M $346.26 $7M +20,071 +756.0%
85 PG 0.29% 50,267 $8M $153.66 $7M +46,800 +1349.9%
86 NXPI 0.29% 33,905 $8M $227.72 $7M +32,570 +2439.7%
87 MOAT 0.28% 77,770 $8M $99.11 $414K
88 NDAQ 0.28% 86,591 $8M $88.45 +86,591 NEW
89 WFC 0.28% 90,955 $8M $83.82 $7M +79,272 +678.5%
90 CVX 0.28% 47,951 $7M $155.28 $5M +30,334 +172.2%
91 ADI 0.27% 30,032 $7M $245.70 $7M +28,312 +1646.0%
92 BAX 0.27% 323,197 $7M $22.77 $7M +309,598 +2276.6%
93 BMY 0.27% 162,386 $7M $45.10 $7M +148,622 +1079.8%
94 ANET 0.27% 50,172 $7M $145.72 $7M +47,542 +1807.7%
95 LOW 0.27% 28,911 $7M $251.32 +28,911 NEW
96 D 0.26% 116,247 $7M $61.17 $7M +112,284 +2833.3%
97 LIN 0.26% 14,926 $7M $475.01 +14,926 NEW
98 SO 0.26% 74,502 $7M $94.78 +74,502 NEW
99 C 0.26% 68,112 $7M $101.49 $6M +61,504 +930.8%
100 TRV 0.25% 24,526 $7M $279.21 +24,526 NEW

New Positions

SymbolValue% Port
SLYV $36M 1.31%
V $34M 1.26%
TSM $29M 1.06%
IXUS $21M 0.78%
ORCL $20M 0.74%
AXP $18M 0.68%
RTX $15M 0.57%
OMC $15M 0.55%
ICSH $14M 0.52%
ACN $14M 0.52%
PGR $14M 0.51%
MA $14M 0.50%
UNP $14M 0.50%
ISRG $13M 0.49%
DHR $12M 0.44%

Sold Out Positions

SymbolValue% Port
T —%
AMP —%
ED —%
FDX —%
HPE —%
CFG —%
AMT —%
ZTS —%
WES —%
TRGP —%
AM —%
GS —%
AJG —%
APO —%
AEE —%
View SEC EDGAR Filings for Morningstar Investment Management LLC →

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