Morningstar Investment Services LLC

CIK

1478215

Location

Chicago, IL

Portfolio Value

Small $544,514,934

Diversification

Diversified

Filing Date

Global Rank

#2,897 / 8,116 ▼ 964 · as of Mar 2025

Top Industry

Internet Content & Information 7.9%

3Y Alpha vs SPY

-5.5%

Period ended 1 year ago

Filed May 5, 2025 · 1y

21 quarters · since Mar 2020

Clone Performance

Sep 2023–Oct 2025 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+32.6%

SPY

+46.6%

Annualised alpha

-5.6%

Max drawdown

−12.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 8 quarters.Morningstar Investment Services LLC has stopped filing, so the simulation ends in Oct 2025 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

114 tracked positions · as of Mar 31, 2025 · Δ vs Dec 31, 2024

Top Position

14.2%

+0.3 pts

Top 5

40.8%

+0.7 pts

Top 10

51.2%

+1.0 pts

HHI

476

Diversified−22

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Unclassified	53.9%	$293,336,028	20
Financial Services	9.6%	$52,210,767	14
Technology	7.5%	$40,953,560	17
Healthcare	7.4%	$40,263,349	19
Communication Services	6.1%	$33,422,085	8
Consumer Cyclical	5.9%	$31,955,878	11
Consumer Defensive	3.1%	$16,765,909	7
Energy	2.2%	$11,750,606	5
Utilities	1.3%	$7,253,474	4
Industrials	1.3%	$7,002,436	5
Basic Materials	1.0%	$5,270,128	2
Real Estate	0.8%	$4,330,714	2

Last Quarter's Activity

Export CSV

Mar 31, 2025 vs Dec 31, 2024

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BIV	Vanguard Intermediate-Term Bond ETF	−1,223,767	862,499	$63,624,354
LYG	Lloyds Banking Group plc	−577,769	435,473	$1,663,506
VEA	Vanguard FTSE Developed Markets ETF	−537,773	655,294	$33,308,594
BNDW	Vanguard Total World Bond ETF	−386,891	459,021	$24,680,872
VB	Vanguard Morningstar Small-Cap ETF	−291,014	286,177	$77,315,401
FNDA	Schwab Fundamental U.S. Small Company ETF	−271,670	291,935	$7,076,314
AAXJ	iShares MSCI All Country Asia ex Japan ETF	−263,800	377,530	$17,453,851
VEU	Vanguard FTSE All-World Ex-US ETF	−224,538	235,987	$10,680,771
CMCSA	Comcast Corp	−141,740	138,002	$5,092,267
SCHW	Schwab Charles Corp	−131,896	105,850	$8,285,938
ENB	Enbridge Inc	−96,515	82,024	$3,634,483
WFC	Wells Fargo & Company/Mn	−92,733	84,523	$6,067,906
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	−86,540	7,331	$482,086
KMX	Carmax Inc	−86,117	70,668	$5,506,450
VIGI	Vanguard International Dividend Appreciation ETF	−79,290	26,498	$1,701,171
GOOGL	Alphabet Inc.	−74,792	60,858	$9,452,699
SBUX	Starbucks Corp	−73,659	51,808	$5,081,846
BUYZ	Franklin Disruptive Commerce ETF	−67,884	82,460	$2,363,386
EDV	Vanguard World Funds Extended Duration ETF	−67,876	28,195	$4,071,986
VCRM	Vanguard Core Tax-Exempt Bond ETF	−66,737	78,929	$3,916,456
GSK	GSK plc	−65,979	55,546	$2,151,852
PFE	Pfizer Inc	−61,101	52,792	$1,337,749
DIS	Walt Disney Co	−50,581	35,485	$3,502,369
MDT	Medtronic plc	−49,830	46,699	$4,196,372
TFC	Truist Financial Corp	−49,336	38,963	$1,603,327
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
VCHY	Vanguard U.S. High-Yield Corporate Bond Index ETF	297,313	$23,020,945
CASY	Caseys General Stores Inc	931	$404,091
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	2,823	$1,654,503
EXPE	Expedia Group, Inc.	1,954	$364,088
MAS	Masco Corp /De/	4,511	$327,363
ZBH	Zimmer Biomet Holdings, Inc.	2,735	$288,898
TIGO	Millicom International Cellular SA	10,639	$266,081
ACN	Accenture plc	671	$236,051
FTRE	Fortrea Holdings Inc.	12,347	$230,271
PNC	Pnc Financial Services Group, Inc.	1,174	$226,405
AVGO	Broadcom Inc.	968	$224,421
HBAN	Huntington Bancshares Inc /Md/	12,688	$206,433
CMP	Compass Minerals International Inc	13,980	$157,275
ABEV	Ambev S.A.	61,585	$113,932
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

114 tracked positions · $544,514,934 total · filing declares 134 positions · $545,991 · as of Mar 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 114 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VB	Vanguard Morningstar Small-Cap ETF	Reduced	286,177	-291,014	$77,315,401	−49.0%	14.20%
BIV	Vanguard Intermediate-Term Bond ETF	Reduced	862,499	-1,223,767	$63,624,354	−57.9%	11.68%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	655,294	-537,773	$33,308,594	−41.6%	6.12%
BNDW	Vanguard Total World Bond ETF	Reduced	459,021	-386,891	$24,680,872	−42.6%	4.53%
VCHY	Vanguard U.S. High-Yield Corporate Bond Index ETF	NEW	297,313	NEW	$23,020,945	NEW	4.23%
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Reduced	377,530	-263,800	$17,453,851	−49.2%	3.21%
VEU	Vanguard FTSE All-World Ex-US ETF	Reduced	235,987	-224,538	$10,680,771	−47.3%	1.96%
META	Meta Platforms, Inc. Communication Services	Reduced	18,028	-23,900	$10,390,618	−57.7%	1.91%
GOOGL	Alphabet Inc. Communication Services	Reduced	60,858	-74,792	$9,452,699	−63.3%	1.74%
MSFT	Microsoft Corp Technology	Reduced	24,172	-22,171	$9,073,927	−53.5%	1.67%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	1,918	-2,446	$8,836,053	−59.2%	1.62%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	16,077	-18,625	$8,562,288	−45.6%	1.57%
SCHW	Schwab Charles Corp Financial Services	Reduced	105,850	-131,896	$8,285,938	−52.9%	1.52%
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Reduced	180,530	-4,833	$7,358,402	−11.6%	1.35%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	45,585	-45,034	$7,235,707	−33.7%	1.33%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	29,387	-31,503	$7,208,631	−50.6%	1.32%
FNDA	Schwab Fundamental U.S. Small Company ETF	Reduced	291,935	-271,670	$7,076,314	−49.0%	1.30%
AFK	VanEck Africa Index ETF	Reduced	77,211	-25,200	$6,794,568	−28.5%	1.25%
V	Visa Inc. Financial Services	Reduced	18,623	-24,520	$6,526,616	−52.1%	1.20%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	32,222	-47,111	$6,130,557	−64.8%	1.13%
ELV	Elevance Health, Inc. Healthcare	Reduced	13,982	-15,763	$6,081,610	−44.6%	1.12%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	84,523	-92,733	$6,067,906	−51.3%	1.11%
KMX	Carmax Inc Consumer Cyclical	Reduced	70,668	-86,117	$5,506,450	−57.0%	1.01%
CMCSA	Comcast Corp Communication Services	Reduced	138,002	-141,740	$5,092,267	−51.5%	0.94%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	51,808	-73,659	$5,081,846	−55.6%	0.93%
MA	Mastercard Inc Financial Services	Reduced	9,175	-13,744	$5,029,001	−58.3%	0.92%
BDX	Becton Dickinson & Co Healthcare	Reduced	21,282	-21,693	$4,874,854	−50.0%	0.90%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	27,663	-40,684	$4,592,058	−66.0%	0.84%
MDT	Medtronic plc Healthcare	Reduced	46,699	-49,830	$4,196,372	−45.6%	0.77%
XOM	ExxonMobil Holdings Corp Energy	Reduced	34,363	-37,480	$4,086,791	−47.1%	0.75%
EDV	Vanguard World Funds Extended Duration ETF	Reduced	28,195	-67,876	$4,071,986	−71.3%	0.75%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	17,813	-26,917	$4,059,938	−51.4%	0.75%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	13,422	-19,022	$3,958,416	−57.9%	0.73%
IQV	Iqvia Holdings Inc. Healthcare	Reduced	22,343	-32,336	$3,939,070	−63.3%	0.72%
VCRM	Vanguard Core Tax-Exempt Bond ETF	Reduced	78,929	-66,737	$3,916,456	−46.4%	0.72%
ENB	Enbridge Inc Energy	Reduced	82,024	-96,515	$3,634,483	−52.0%	0.67%
COR	Cencora, Inc. Healthcare	Reduced	12,787	-18,829	$3,555,936	−49.9%	0.65%
FBCG	Fidelity Blue Chip Growth ETF	Reduced	56,928	-8,848	$3,550,436	+9.2%	0.65%
DIS	Walt Disney Co Communication Services	Reduced	35,485	-50,581	$3,502,369	−63.5%	0.64%
FISV	Fiserv Inc	Reduced	14,113	-19,462	$3,116,573	−54.8%	0.57%
ORCL	Oracle Corp Technology	Reduced	21,118	-30,265	$2,952,507	−65.5%	0.54%
ETR	Entergy Corp /De/ Utilities	Reduced	34,190	-43,531	$2,922,903	−50.4%	0.54%
QCOM	Qualcomm Inc/De Technology	Reduced	18,601	-25,833	$2,857,299	−58.1%	0.52%
CRM	Salesforce, Inc. Technology	Reduced	10,348	-15,403	$2,776,989	−67.7%	0.51%
COP	Conocophillips Energy	Reduced	25,988	-11,438	$2,729,259	−26.5%	0.50%
ADBE	Adobe Inc. Technology	Reduced	7,066	-9,896	$2,710,022	−64.1%	0.50%
DEO	Diageo PLC Consumer Defensive	Reduced	25,758	-36,698	$2,699,180	−66.0%	0.50%
UL	Unilever PLC Consumer Defensive	Reduced	43,375	-38,638	$2,582,980	−44.5%	0.47%
EBAY	Ebay Inc Consumer Cyclical	Reduced	37,724	-40,057	$2,555,046	−47.0%	0.47%
AMAT	Applied Materials Inc /De Technology	Reduced	16,600	-9,218	$2,408,992	−42.6%	0.44%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.