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Portfolio (Quarterly) Guide ↗

Morningstar Investment Management LLC

· CIK 0001673385
13F Portfolio $1.6B AUM 315 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 48 New 147 Added 110 Reduced 60 Exited
Page 2 of 6  ·  110 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 LRCX LAM RESEARCH CORP Technology 30,005.0 $6.4M 0.40% -5K -14.6% $213.66 +51.0%
22 AXP AMERICAN EXPRESS CO Financial Services 20,656.0 $6.2M 0.39% -7K -26.2% $302.48 +2.7%
23 FAST FASTENAL CO Industrials 131,460.0 $6.1M 0.38% -46K -26.0% $46.40 -4.2%
24 UNP UNION PAC CORP Industrials 25,031.0 $6.1M 0.38% -12K -31.5% $242.62 +11.7%
25 VTIP VANGUARD MALVERN FDS 121,257.0 $6.1M 0.38% -3K -2.5% $49.95 +0.7%
26 GD GENERAL DYNAMICS CORP Industrials 15,976.0 $5.5M 0.34% -8K -33.9% $343.22 +0.4%
27 NKE NIKE INC Consumer Cyclical 103,110.0 $5.4M 0.34% -49K -32.1% $52.82 -14.9%
28 TMO THERMO FISHER SCIENTIFIC INC Healthcare 11,064.0 $5.4M 0.34% -62.0 -0.6% $491.53 -8.8%
29 AMAT APPLIED MATLS INC Technology 14,895.0 $5.1M 0.32% -20K -57.2% $341.79 +33.1%
30 KLAC KLA CORP Technology 3,259.0 $4.8M 0.30% -2K -33.4% $1472.41 +36.6%
31 CRM SALESFORCE INC Technology 25,679.0 $4.8M 0.30% -1K -4.6% $186.67 -4.1%
32 PM PHILIP MORRIS INTL INC Consumer Defensive 27,918.0 $4.6M 0.29% -11K -27.9% $165.34 +9.8%
33 APD AIR PRODUCTS AND CHEMICALS I Basic Materials 15,805.0 $4.6M 0.28% -319.0 -2.0% $290.49 -0.3%
34 MRK MERCK & CO INC Healthcare 34,870.0 $4.2M 0.26% -7K -17.5% $120.29 -0.4%
35 DHR DANAHER CORP DEL Healthcare 22,046.0 $4.2M 0.26% -2K -6.6% $189.60 -8.9%
36 MCO MOODYS CORP Financial Services 9,465.0 $4.1M 0.26% -9K -49.1% $436.25 +3.4%
37 VZ VERIZON COMMUNICATIONS INC Communication Services 80,968.0 $4.1M 0.25% -54K -40.0% $50.20 -3.7%
38 ABNB AIRBNB INC Consumer Cyclical 32,055.0 $4.0M 0.25% -325.0 -1.0% $126.28 +5.1%
39 YUMC YUM CHINA HLDGS INC Consumer Cyclical 78,757.0 $3.9M 0.24% -72K -47.8% $49.55 -10.1%
40 CNI CANADIAN NATL RY CO Industrials 37,553.0 $3.9M 0.24% -3K -7.8% $102.93 +13.1%
Page 2 of 6  ·  110 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.2%
Financial Services 12.4%
Healthcare 11.4%
Industrials 11.2%
Communication Services 9.4%
Consumer Defensive 8.1%
Consumer Cyclical 5.9%
Energy 5.8%
Basic Materials 2.9%
Real Estate 2.3%