# Morningstar Investment Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1673385. Source: https://holderbook.com/funds/1673385-morningstar-investment-management-llc/

- Reported value: $1.6B
- Positions: 317
- Weight of the ten largest: 38.4%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $240.2M | 10,483,782 | 14.8% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $53.4M | 144,303 | 3.3% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $53.0M | 165,190 | 3.3% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $51.5M | 202,910 | 3.2% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $42.6M | 148,172 | 2.6% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $39.7M | 227,923 | 2.5% | 13 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $39.2M | 1,613,491 | 2.4% | 29 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $38.1M | 793,418 | 2.4% | 5 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $37.4M | 774,051 | 2.3% | 7 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $27.7M | 723,788 | 1.7% | 31 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $24.5M | 117,953 | 1.5% | 8 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $24.2M | 255,802 | 1.5% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $21.6M | 37,736 | 1.3% | 19 |
| ISHARES TR | [KXI](https://holderbook.com/stocks/KXI/) | $17.5M | 260,487 | 1.1% | 5 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $17.0M | 94,391 | 1.0% | 2 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $15.4M | 56,514 | 0.9% | 27 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $15.2M | 705,180 | 0.9% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $13.2M | 43,563 | 0.8% | 4 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $13.1M | 259,023 | 0.8% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.8M | 61,551 | 0.8% | 19 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $12.4M | 39,937 | 0.8% | 15 |
| FRANKLIN TEMPLETON ETF TR | [FLJP](https://holderbook.com/stocks/FLJP/) | $11.9M | 328,512 | 0.7% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $11.1M | 32,832 | 0.7% | 4 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $10.7M | 11,168 | 0.7% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $10.7M | 62,894 | 0.7% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $10.7M | 43,576 | 0.7% | 5 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $10.6M | 191,300 | 0.7% | 29 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $9.9M | 19,840 | 0.6% | 4 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $9.6M | 102,422 | 0.6% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $9.4M | 121,235 | 0.6% | 13 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $9.2M | 58,982 | 0.6% | 15 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $9.0M | 39,968 | 0.6% | 5 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $9.0M | 315,109 | 0.6% | 2 |
| ISHARES TR | [IXC](https://holderbook.com/stocks/IXC/) | $8.9M | 154,885 | 0.6% | 2 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $8.2M | 13,577 | 0.5% | 5 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $8.2M | 54,523 | 0.5% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $8.2M | 56,539 | 0.5% | 5 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $8.1M | 132,839 | 0.5% | 4 |
| FRANKLIN TEMPLETON ETF TR | [FLBR](https://holderbook.com/stocks/FLBR/) | $8.1M | 341,071 | 0.5% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $7.7M | 274,915 | 0.5% | 15 |
| FRANKLIN TEMPLETON ETF TR | [FLGB](https://holderbook.com/stocks/FLGB/) | $7.5M | 215,970 | 0.5% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $7.4M | 59,711 | 0.5% | 4 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $7.3M | 126,467 | 0.4% | 15 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $7.3M | 50,079 | 0.4% | 5 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $7.2M | 54,671 | 0.4% | 5 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $7.0M | 266,577 | 0.4% | 4 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $6.6M | 72,155 | 0.4% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.4M | 30,005 | 0.4% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $6.4M | 26,233 | 0.4% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.4M | 13,282 | 0.4% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.2M | 20,656 | 0.4% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $6.2M | 31,501 | 0.4% | 4 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $6.1M | 131,460 | 0.4% | 5 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $6.1M | 20,445 | 0.4% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $6.1M | 25,031 | 0.4% | 4 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $6.1M | 121,257 | 0.4% | 31 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $5.9M | 100,548 | 0.4% | 4 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $5.8M | 16,181 | 0.4% | 4 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $5.6M | 107,519 | 0.3% | 15 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $5.5M | 65,023 | 0.3% | 13 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $5.5M | 15,976 | 0.3% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $5.4M | 103,110 | 0.3% | 5 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $5.4M | 11,064 | 0.3% | 5 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $5.3M | 87,998 | 0.3% | 4 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $5.3M | 68,541 | 0.3% | 4 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $5.2M | 57,675 | 0.3% | 4 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $5.2M | 71,222 | 0.3% | 5 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $5.1M | 14,529 | 0.3% | 5 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $5.1M | 310,140 | 0.3% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $5.1M | 14,895 | 0.3% | 5 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $5.1M | 54,821 | 0.3% | 5 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $5.0M | 173,139 | 0.3% | 15 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $4.9M | 67,602 | 0.3% | 4 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $4.9M | 61,715 | 0.3% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $4.9M | 11,603 | 0.3% | 4 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.8M | 3,259 | 0.3% | 5 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.8M | 25,679 | 0.3% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $4.8M | 36,918 | 0.3% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $4.7M | 45,119 | 0.3% | 4 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $4.7M | 109,700 | 0.3% | 2 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $4.6M | 240,978 | 0.3% | 4 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $4.6M | 27,918 | 0.3% | 5 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $4.6M | 15,805 | 0.3% | 5 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $4.5M | 41,881 | 0.3% | 4 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $4.5M | 12,615 | 0.3% | 5 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $4.3M | 53,402 | 0.3% | 5 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $4.3M | 86,151 | 0.3% | 3 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $4.3M | 70,777 | 0.3% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.2M | 48,878 | 0.3% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.2M | 34,870 | 0.3% | 5 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $4.2M | 22,046 | 0.3% | 4 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $4.1M | 59,884 | 0.3% | 4 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $4.1M | 9,465 | 0.3% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $4.1M | 68,544 | 0.3% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.1M | 80,968 | 0.3% | 15 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $4.0M | 32,055 | 0.2% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $4.0M | 12,301 | 0.2% | 4 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $3.9M | 93,763 | 0.2% | 4 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $3.9M | 78,757 | 0.2% | 4 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $3.9M | 37,553 | 0.2% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.9% | +14.8% | -7.9% | 100% |
| Q1 2026 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 99% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -0.9% | -4.6% | +3.7% | 100% |
| Q4 2024 | -0.3% | +2.1% | -2.5% | 105% |
| Q3 2024 | +5.1% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 317 |
| Q1 2026 | $1.6B | 315 |
| Q4 2025 | $1.7B | 327 |
| Q3 2025 | $2.7B | 471 |
| Q2 2025 | $1.1B | 205 |
| Q1 2025 | $1.2B | 71 |
| Q4 2024 | $1.3B | 212 |
| Q3 2024 | $1.0B | 214 |
| Q2 2024 | $957.0M | 195 |
| Q1 2024 | $922.2M | 200 |
| Q4 2023 | $870.4M | 198 |
| Q3 2023 | $729.1M | 165 |