Morningstar Investment Management LLC

Long Only Manager

Morningstar Investment Management LLC is a Long Only Manager based in Chicago, IL led by Brock Allan Johnson, reporting $76.6B in AUM as of Q3 2025 with GOVT as the largest holding (10% allocation).

PresidentBrock Allan Johnson

Portfolio Value: $2.6B
Positions: 433
Top Holding: GOVT at 9.54%
Last Reported: Q3 2025

Address22 West Washington Street, Chicago, IL, 60602, United States

Top Holdings

Largest long holdings in Morningstar Investment Management LLC's portfolio (31.4% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares U.S. Treasury Bond GOVT	ETF ETF	$247.4M	9.54%	-$9.0M Sold	— 10.7M shares	Q2 2023 Held for 2y 5m
2 Nvidia NVDA	Semiconductors Technology	$106.8M	4.12%	+$43.7M Bought	0.00% 572.3K shares	Q2 2023 Held for 2y 5m
3 Microsoft MSFT	Software - Infrastructure Technology	$84.5M	3.26%	+$17.2M Bought	0.00% 163.1K shares	Q4 2021 Held for 3y 11m
4 Apple AAPL	Consumer Electronics Technology	$78.6M	3.03%	+$3.1M Bought	0.00% 308.7K shares	Q4 2021 Held for 3y 11m
5 Vanguard Total Stock Market VTI	ETF ETF	$72.0M	2.77%	-$4.8M Sold	— 219.3K shares	Q1 2020 Held for 5y 8m
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$50.9M	1.96%	+$12.8M Bought	0.00% 69.3K shares	Q4 2021 Held for 3y 11m
7 SPDR Portfolio S&P 600 Small Cap ETF SPSM	ETF ETF	$46.0M	1.77%	+$34.8M Bought	— 994.2K shares	Q4 2024 Held for 11 months
8 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$45.6M	1.76%	-$41.5M Sold	0.00% 187.5K shares	Q4 2021 Held for 3y 11m
9 SCHO Schwab Short-Term U.S. Treasury SCHO	ETF ETF	$42.1M	1.62%	+$1.1M Bought	— 1.7M shares	Q2 2019 Held for 6y 5m
10 Amazon AMZN	Specialty Retail Consumer Cyclical	$39.9M	1.54%	+$24.2M Bought	0.00% 181.6K shares	Q4 2021 Held for 3y 11m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Morningstar Investment Management LLC's latest filing

See all changes

GthenC

Market Value

$2.6B

Prior: $1.1B

Q/Q Change

+129.16%

+$1.5B

Net Flows % of MV

+40.92%

Turnover Ratio

38.06%

New Purchases

244 stocks

$675.9M

Added To

118 stocks

+$679.7M

Sold Out Of

62 stocks

$80.5M

Reduced Holdings

20 stocks

-$213.5M

Increased Positions

Position	Shares Δ	Change
1 SPDR S&P 600 Small Cap Value ETF SLYV	New	0 → 400.6K +$35.5M
2 iShares Core MSCI Total International Stock IXUS	New	0 → 254.4K +$21.0M
3 Oracle ORCL	New	0 → 71.0K +$20.0M
4 BlackRock Ultra Short-Term Bond ICSH	New	0 → 276.6K +$14.0M
5 Progressive PGR	New	0 → 55.9K +$13.8M

Decreased Positions

Position	Shares Δ	Change
1 VDC Vanguard Consumer Staples VDC	Sold	200.1K → 0 −$43.8M
2 Williams Companies WMB	Sold	41.9K → 0 −$2.6M
3 Kinder Morgan KMI	Sold	88.9K → 0 −$2.6M
4 Automatic Data Processing, Inc. ADP	Sold	5.8K → 0 −$1.8M
5 Cheniere Energy LNG	Sold	7.1K → 0 −$1.7M

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for Morningstar Investment Management LLC

View analytics

GthenA

Sector Allocation

ETF

24.30%

Technology

21.00%

Financial Services

11.70%

Industrials

9.10%

Healthcare

8.70%

Communication Services

6.30%

Consumer Cyclical

6.00%

Consumer Defensive

4.90%

Energy

2.20%

Utilities

1.80%

Basic Materials

1.60%

Real Estate

1.30%

Market Cap Distribution

Mega Cap (> $200B)

27.74%

Large Cap ($10B - $200B)

41.58%

Mid Cap ($2B - $10B)

5.14%

Small Cap ($300M - $2B)

1.12%

Nano Cap (< $50M)

0.15%

N/A (ETF or Unknown)

24.27%

Portfolio Concentration

Top 10 Holdings %

31.36%

Top 20 Holdings %

40.79%

Top 50 Holdings %

56.33%

Top 100 Holdings %

72.82%