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Asset Manager ← All Institutions

Morningstar Investment Management LLC

Q4 2025 · Filed 2026-02-09
Market Value
$1.7B
-37.6%
Holdings
478
-44
New Purchases
18
Added To
35
Closed
153
Reduced
184
Top 10 Concentration
39.6%
Turnover
35.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOVT 14.58% 9.14% +5.44% $246M
VTI 4.23% 2.66% +1.57% $72M
GOOGL 2.82% 1.68% +1.13% $48M
SPSM 2.81% 1.70% +1.10% $47M
SCHO 2.49% 1.56% +0.93% $42M
SLYV 2.08% 1.31% +0.77% $35M
BNDX 1.64% 0.96% +0.68% $28M
FNDE 1.50% 0.87% +0.62% $25M
AAPL 3.33% 2.90% +0.43% $56M
KXI 1.12% 0.70% +0.43% $19M
TOTB.DE 0.41% 0.00% +0.41% $7M
ZTS 0.37% 0.00% +0.37% $6M
FTEC 1.26% 0.91% +0.36% $21M
ICSH 0.85% 0.52% +0.33% $14M
MA 0.80% 0.50% +0.30% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 2.44% 3.95% -1.51% $41M
AMZN 0.72% 1.47% -0.76% $12M
JPM 0.02% 0.75% -0.73% $308K
IXUS 0.12% 0.78% -0.66% $2M
RTX 0.00% 0.57% -0.57% $0
NFLX 0.04% 0.58% -0.54% $720K
PGR 0.00% 0.51% -0.51% $0
META 1.40% 1.88% -0.48% $24M
ETN 0.00% 0.45% -0.45% $0
MMC 0.00% 0.44% -0.44% $0
MCK 0.00% 0.43% -0.43% $0
CI 0.00% 0.38% -0.38% $0
TSLA 0.00% 0.38% -0.38% $0
MS 0.00% 0.36% -0.36% $0
TSM 0.71% 1.06% -0.35% $12M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 54 $502M 29.7%
Large Cap 297 $1.0B 60.7%
Mid Cap 96 $133M 7.9%
Small Cap 30 $26M 1.5%
Micro Cap 1 $5M 0.3%

Portfolio Analytics

Avg Market Cap
$141.9B
Median Market Cap
$28.0B
Avg P/E
32.1
Median P/E
23.0
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
459
# ETFs / Funds
19

Top Holdings (478 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOVT 14.58% 10,701,492 $246M $23.03 -$1M
2 VTI 4.23% 213,319 $72M $335.27 -$460K -6,014 -2.7%
3 AAPL 3.33% 207,210 $56M $271.86 -$22M -101,461 -32.9%
4 MSFT 3.22% 112,681 $54M $483.61 -$30M -50,462 -30.9%
5 GOOGL 2.82% 152,208 $48M $313.00 $2M -35,294 -18.8%
6 SPSM 2.81% 1,011,729 $47M $46.86 $1M +17,572 +1.8%
7 SCHO 2.49% 1,726,672 $42M $24.37 -$52K
8 NVDA 2.44% 220,891 $41M $186.50 -$66M -351,399 -61.4%
9 SLYV 2.08% 386,421 $35M $90.97 -$362K -14,203 -3.5%
10 BNDX 1.64% 572,634 $28M $48.32 $2M +49,727 +9.5%
11 FNDE 1.50% 700,890 $25M $36.06 $2M +47,915 +7.3%
12 META 1.40% 35,829 $24M $660.08 -$27M -33,466 -48.3%
13 FTEC 1.26% 95,145 $21M $224.67 -$3M -15,212 -13.8%
14 KXI 1.12% 293,821 $19M $64.65 $83K
15 V 1.10% 53,151 $19M $350.72 -$15M -46,607 -46.7%
16 ICSH 0.85% 282,957 $14M $50.58 $273K +6,333 +2.3%
17 BLK 0.81% 12,857 $14M $1,070.31 -$7M -4,982 -27.9%
18 MA 0.80% 23,790 $14M $570.87 -$44K -163 -0.7%
19 VHT 0.79% 46,147 $13M $287.84 -$81K -5,332 -10.4%
20 AMZN 0.72% 52,376 $12M $230.83 -$28M -129,194 -71.2%
21 TSM 0.71% 39,337 $12M $303.89 -$17M -62,972 -61.5%
22 ORCL 0.70% 60,784 $12M $194.90 -$8M -10,189 -14.4%
23 SCHH 0.70% 565,481 $12M $20.89 $855K +57,444 +11.3%
24 EMR 0.68% 86,264 $11M $132.72 -$7K -1,064 -1.2%
25 APH 0.65% 80,962 $11M $135.14 $450K -3,814 -4.5%
26 OMC 0.61% 128,596 $10M $80.75 -$5M -54,536 -29.8%
27 AXP 0.61% 27,990 $10M $369.95 -$8M -27,294 -49.4%
28 VGLT 0.60% 181,237 $10M $55.80 -$777K -10,278 -5.4%
29 SCHW 0.58% 98,278 $10M $99.91 $867K +4,509 +4.8%
30 XOM 0.57% 80,513 $10M $120.34 -$6M -60,758 -43.0%
31 NKE 0.57% 151,965 $10M $63.71 -$1M -6,073 -3.8%
32 MCO 0.56% 18,580 $9M $510.87 $614K -53 -0.3%
33 HON 0.55% 47,911 $9M $195.09 -$6M -22,646 -32.1%
34 PEP 0.54% 63,448 $9M $143.52 -$6M -43,886 -40.9%
35 AMAT 0.53% 34,784 $9M $256.99 -$1M -14,999 -30.1%
36 ACN 0.50% 31,641 $8M $268.29 -$6M -25,113 -44.2%
37 UNP 0.50% 36,554 $8M $231.33 -$5M -21,066 -36.6%
38 JNJ 0.49% 39,754 $8M $206.95 -$10M -58,623 -59.6%
39 GD 0.48% 24,180 $8M $336.64 -$8M -23,955 -49.8%
40 MOAT 0.48% 77,770 $8M $103.56 $346K
41 AVGO 0.47% 22,898 $8M $346.10 -$3M -10,528 -31.5%
42 STZ 0.47% 57,179 $8M $137.97 -$2M -15,315 -21.1%
43 BF-B 0.45% 291,238 $8M $26.06 -$2M -73,456 -20.1%
44 ADBE 0.43% 20,968 $7M $350.01 -$2M -6,670 -24.1%
45 YUMC 0.42% 150,827 $7M $47.55 $1M +13,637 +9.9%
46 CRM 0.42% 26,923 $7M $264.90 -$3M -14,471 -35.0%
47 PG 0.42% 49,741 $7M $143.30 -$596K -526 -1.1%
48 FAST 0.42% 177,551 $7M $40.13 -$2M -28 -0.0%
49 FOXA 0.41% 95,320 $7M $73.07 $392K -8,918 -8.6%
50 HD 0.41% 19,965 $7M $344.10 -$1M -56 -0.3%
51 TOTB.DE 0.41% 105,091 $7M $65.20 +105,091 NEW
52 TROW 0.39% 64,196 $7M $102.37 -$17K
53 ANET 0.39% 50,151 $7M $131.02 -$740K -21 -0.0%
54 TMO 0.38% 11,126 $6M $579.45 -$5M -12,584 -53.1%
55 PFE 0.38% 257,882 $6M $24.90 -$2M -68,676 -21.0%
56 BRK-B 0.37% 12,578 $6M $502.62 $521K +1,038 +9.0%
57 CLX 0.37% 62,454 $6M $100.83 $3M +35,506 +131.8%
58 ZTS 0.37% 49,786 $6M $125.82 +49,786 NEW
59 MDLZ 0.37% 116,157 $6M $53.83 -$4M -44,477 -27.7%
60 PM 0.37% 38,692 $6M $160.42 -$73K -24 -0.1%
61 VTIP 0.36% 124,391 $6M $49.46 -$146K
62 ISRG 0.36% 10,817 $6M $566.33 -$7M -18,590 -63.2%
63 WMT 0.36% 54,792 $6M $111.40 $445K -115 -0.2%
64 LRCX 0.36% 35,120 $6M $171.18 $72K -9,245 -20.8%
65 KLAC 0.35% 4,890 $6M $1,215.13 -$6M -6,347 -56.5%
66 WDAY 0.34% 27,043 $6M $214.77 $3M +15,138 +127.2%
67 CHKP 0.34% 31,242 $6M $185.55 -$667K
68 LMT 0.34% 11,974 $6M $483.63 -$21K +331 +2.8%
69 QCOM 0.34% 33,843 $6M $171.05 $159K
70 VZ 0.33% 134,992 $5M $40.73 $321K +17,188 +14.6%
71 DHR 0.32% 23,610 $5M $228.93 -$6M -36,285 -60.6%
72 USB 0.32% 101,269 $5M $53.36 $2M +20,746 +25.8%
73 CPB 0.31% 188,283 $5M $27.87 -$3M -63,779 -25.3%
74 ITW 0.31% 21,271 $5M $246.30 -$4M -15,534 -42.2%
75 ZBH 0.31% 57,865 $5M $89.93 $4M +40,610 +235.3%
76 WAT 0.29% 12,907 $5M $379.79 $1M
77 TXN 0.29% 28,051 $5M $173.51 -$5M -27,094 -49.1%
78 CMCSA 0.29% 162,761 $5M $29.89 -$715K -14,823 -8.3%
79 ORLY 0.28% 52,084 $5M $91.22 -$866K -17 -0.0%
80 ROK 0.28% 12,013 $5M $389.08 $475K
81 DOC 0.27% 285,545 $5M $16.08 -$156K +37,612 +15.2%
82 IFF 0.27% 67,652 $5M $67.39 $396K
83 FLBR 0.27% 239,308 $5M $19.05 -$495K -25,988 -9.8%
84 MRK 0.26% 42,255 $4M $105.27 -$7M -93,011 -68.8%
85 AMGN 0.26% 13,448 $4M $327.33 $454K -543 -3.9%
86 CCI 0.26% 49,458 $4M $88.86 $252K +6,521 +15.2%
87 ABNB 0.26% 32,380 $4M $135.73 -$4M -38,776 -54.5%
88 CTSH 0.26% 52,689 $4M $83.00 -$856K -25,280 -32.4%
89 SPGI 0.25% 8,202 $4M $522.56 -$5M -10,590 -56.4%
90 MDT 0.25% 44,322 $4M $96.07 -$27K -669 -1.5%
91 TEL 0.25% 18,584 $4M $227.51 $148K
92 RJF 0.25% 25,994 $4M $160.58 -$313K
93 MKTX 0.25% 23,007 $4M $181.25 -$1M -7,969 -25.7%
94 IQV 0.25% 18,444 $4M $225.44 -$169K -4,339 -19.0%
95 VGIT 0.24% 68,022 $4M $59.94 -$6K
96 PPG 0.24% 39,776 $4M $102.45 $614K +6,846 +20.8%
97 GEHC 0.24% 49,617 $4M $82.03 $344K
98 CNI 0.24% 40,749 $4M $98.90 $996K +8,576 +26.7%
99 CL 0.24% 50,416 $4M $79.02 -$175K -1,609 -3.1%
100 APD 0.24% 16,124 $4M $247.02 $99K +1,882 +13.2%

New Positions

SymbolValue% Port
TOTB.DE $7M 0.41%
ZTS $6M 0.37%
TYL $3M 0.20%
RCI $3M 0.15%
DVN $2M 0.12%
SHOP $2M 0.12%
TD $2M 0.12%
SBAC $2M 0.11%
MGA $1M 0.08%
UBS $1M 0.08%
BMO $1M 0.07%
Q $942K 0.06%
DOOO $824K 0.05%
CNQ $699K 0.04%
SOLS $565K 0.03%

Sold Out Positions

SymbolValue% Port
PAC —%
ABT —%
FMX —%
ARCO —%
CB —%
MC —%
UBER —%
GWRE —%
FOUR —%
CMG —%
RBC —%
SE —%
CX —%
AON —%
TREX —%
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