Morningstar Investment Management LLC

CIK

1673385

Location

CHICAGO, IL

Portfolio Value

Small $970,328,870

Diversification

Diversified

Filing Date

Global Rank

#1,791 / 8,614 ▼ 40 · as of Mar 2026

Top Industry

Semiconductors 8.5%

3Y Alpha vs SPY

+3.7%

Period ended 4 months ago

Filed May 14, 2026 · 2mo

20 quarters · since Jun 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+90.3%

SPY

+73.9%

Annualised alpha

+3.7%

Max drawdown

−18.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

292 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.5%

+0.2 pts

Top 5

21.5%

+0.5 pts

Top 10

27.7%

+0.1 pts

HHI

142

Diversified+3

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.8%	$279,269,601	45
Financial Services	13.1%	$126,650,064	40
Healthcare	11.4%	$111,043,145	40
Industrials	10.7%	$104,290,653	48
Communication Services	9.1%	$88,601,343	9
Consumer Defensive	7.8%	$76,130,775	24
Energy	6.3%	$61,241,702	19
Consumer Cyclical	6.1%	$59,537,469	35
Basic Materials	2.8%	$26,995,406	14
Real Estate	2.3%	$21,973,630	10
Utilities	1.4%	$13,771,363	7
Unclassified	0.1%	$823,719	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HPQ	Hp Inc	+165,740	240,978	$4,629,187
TME	Tencent Music Entertainment Group	+138,244	154,998	$1,438,381
CSCO	Cisco Systems, Inc.	+118,461	121,235	$9,406,623
CTSH	Cognizant Technology Solutions Corp	+80,150	132,839	$8,149,672
APAM	Artisan Partners Asset Management Inc.	+53,507	88,669	$3,226,664
OTIS	Otis Worldwide Corp	+48,413	68,541	$5,283,140
EBAY	Ebay Inc	+43,237	57,675	$5,249,578
MAS	Masco Corp /De/	+42,562	87,998	$5,312,439
PYPL	PayPal Holdings, Inc.	+31,896	72,011	$3,257,057
MSFT	Microsoft Corp	+31,622	144,303	$53,416,641
NOW	ServiceNow, Inc.	+29,144	45,119	$4,717,191
DVN	Devon Energy Corp/De	+29,124	86,151	$4,335,118
GIS	General Mills Inc	+28,883	84,981	$3,162,992
PRG	PROG Holdings, Inc.	+28,135	68,524	$1,965,953
DOC	Healthpeak Properties, Inc.	+24,595	310,140	$5,095,600
RJF	Raymond James Financial Inc	+24,085	50,079	$7,250,938
CNH	CNH Industrial N.V.	+22,340	313,088	$3,443,968
PBH	Prestige Consumer Healthcare Inc.	+18,082	33,410	$1,980,210
FHI	Federated Hermes, Inc.	+18,047	39,895	$2,262,445
AVGO	Broadcom Inc.	+17,039	39,937	$12,360,900
PFE	Pfizer Inc	+17,033	274,915	$7,719,613
CL	Colgate Palmolive Co	+14,607	65,023	$5,541,910
THRM	Gentherm Inc	+12,859	21,933	$609,298
JKHY	Jack Henry & Associates Inc	+10,815	20,175	$3,188,457
CMCSA	Comcast Corp	+10,378	173,139	$4,970,820
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KVUE	Kenvue Inc.	−155,231	19,425	$334,887
PBR	Petrobras - Petroleo Brasileiro SA	−89,954	125,033	$2,594,434
OMC	Omnicom Group Inc.	−85,363	43,233	$3,255,877
YUMC	Yum China Holdings, Inc.	−72,070	78,757	$3,841,766
CPB	CAMPBELL'S Co	−68,922	119,361	$2,658,169
VZ	Verizon Communications Inc	−54,024	80,968	$4,064,593
APH	Amphenol Corp /De/	−52,021	28,941	$3,656,695
NKE	NIKE, Inc.	−48,855	103,110	$5,446,270
CSX	Csx Corp	−48,474	10,176	$417,724
FAST	Fastenal Co	−46,091	131,460	$6,099,744
TROW	Price T Rowe Group Inc	−42,425	21,771	$1,962,437
EPD	Enterprise Products Partners L.P.	−35,145	13,771	$521,094
ZBH	Zimmer Biomet Holdings, Inc.	−33,328	24,537	$2,218,635
TTE	TotalEnergies SE	−32,936	72,155	$6,564,661
EMR	Emerson Electric Co	−31,593	54,671	$7,162,994
CLX	Clorox Co /De/	−27,915	34,539	$3,579,276
ZTS	Zoetis Inc.	−24,744	25,042	$2,960,214
MKTX	Marketaxess Holdings Inc	−21,405	1,602	$264,297
MO	Altria Group, Inc.	−20,422	40,785	$2,691,402
AMAT	Applied Materials Inc /De	−19,889	14,895	$5,090,962
ANET	Arista Networks, Inc.	−19,010	31,141	$3,823,491
KO	Coca Cola Co	−18,231	11,163	$848,946
XOM	ExxonMobil Holdings Corp	−17,619	62,894	$10,670,596
INVA	Innoviva, Inc.	−16,961	25,889	$603,213
TEL	TE Connectivity plc	−15,368	3,216	$672,208
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
APA	APA Corp	109,700	$4,655,668
CPAY	Corpay, Inc.	13,245	$3,854,162
AMCR	Amcor plc	94,872	$3,771,162
LYB	LyondellBasell Industries N.V.	41,101	$3,311,096
CHRD	Chord Energy Corp	20,271	$2,882,130
LNG	Cheniere Energy, Inc.	10,003	$2,838,451
MTDR	Matador Resources Co	41,627	$2,629,993
SUNB	Sunbelt Rentals Holdings, Inc.	29,165	$1,898,349
RHI	Robert Half Inc.	73,832	$1,875,332
CPRT	Copart Inc	54,332	$1,803,822
NUE	Nucor Corp	6,247	$1,056,367
TNET	Trinet Group, Inc.	27,923	$1,017,234
WHD	Cactus, Inc.	20,033	$948,963
CROX	Crocs, Inc.	10,439	$866,645
CDW	CDW Corp	6,973	$843,872
SF	Stifel Financial Corp	10,368	$766,402
EVR	Evercore Inc.	2,506	$748,066
KTB	Kontoor Brands, Inc.	9,041	$635,491
CTS	Cts Corp	12,681	$605,644
YETI	YETI Holdings, Inc.	16,096	$588,952
HLNE	Hamilton Lane INC	5,726	$569,164
CSGS	Csg Systems International Inc	7,076	$565,655
ALV	Autoliv Inc	5,160	$542,625
NOC	Northrop Grumman Corp /De/	728	$496,670
SMPL	Simply Good Foods Co	33,823	$485,360
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ORCL	Oracle Corp	60,784	$11,847,409
HD	Home Depot, Inc.	19,965	$6,869,956
WDAY	Workday, Inc.	27,043	$5,808,295
CHKP	Check Point Software Technologies Ltd	31,242	$5,797,265
ABEV	Ambev S.A.	1,572,660	$3,884,470
TYL	Tyler Technologies Inc	7,554	$3,429,138
PAYX	Paychex Inc	29,283	$3,284,966
BCE	Bce Inc	134,571	$3,205,481
ON	On Semiconductor Corp	57,018	$3,087,524
PHG	Koninklijke Philips NV	110,306	$2,987,086
TU	Telus Corp	224,443	$2,955,914
TEAM	Atlassian Corp	17,696	$2,869,229
JD	JD.com, Inc.	95,863	$2,751,268
BABA	Alibaba Group Holding Ltd	18,350	$2,689,743
PLAB	Photronics Inc	71,846	$2,299,072
HAL	Halliburton Co	72,496	$2,048,736
SHOP	Shopify Inc.	12,548	$2,019,851
TGT	Target Corp	20,451	$1,999,085
EW	Edwards Lifesciences Corp	23,061	$1,965,950
TTD	Trade Desk, Inc.	39,766	$1,509,517
VRSN	Verisign Inc/Ca	5,672	$1,378,012
MANH	Manhattan Associates Inc	7,561	$1,310,396
ALSN	Allison Transmission Holdings Inc	11,974	$1,172,254
ZD	Ziff Davis, Inc.	33,291	$1,170,178
TPH	Tri Pointe Homes, Inc.	32,793	$1,031,995
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

292 positions · $970,328,870 total · as of Mar 31, 2026

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

Showing 1–50 of 292 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	144,303	+31,622	$53,416,641	−2.0%	5.51%
AAPL	Apple Inc. Technology	Reduced	202,910	-4,300	$51,496,528	−8.6%	5.31%
GOOGL	Alphabet Inc. Communication Services	Reduced	148,172	-4,036	$42,608,340	−10.6%	4.39%
NVDA	Nvidia Corp Technology	Added	227,923	+7,032	$39,749,771	−3.5%	4.10%
META	Meta Platforms, Inc. Communication Services	Added	37,736	+1,907	$21,589,897	−8.7%	2.23%
V	Visa Inc. Financial Services	Reduced	43,563	-9,588	$13,166,481	−29.4%	1.36%
AMZN	Amazon Com Inc Consumer Cyclical	Added	61,551	+9,175	$12,819,226	+6.0%	1.32%
AVGO	Broadcom Inc. Technology	Added	39,937	+17,039	$12,360,900	+56.0%	1.27%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	32,832	-6,505	$11,095,574	−7.2%	1.14%
BLK	BlackRock, Inc. Financial Services	Reduced	11,168	-1,689	$10,740,377	−22.0%	1.11%
XOM	ExxonMobil Holdings Corp Energy	Reduced	62,894	-17,619	$10,670,596	+10.1%	1.10%
JNJ	Johnson & Johnson Healthcare	Added	43,576	+3,822	$10,651,717	+29.5%	1.10%
MA	Mastercard Inc Financial Services	Reduced	19,840	-3,950	$9,913,254	−27.0%	1.02%
SCHW	Schwab Charles Corp Financial Services	Added	102,422	+4,144	$9,625,619	−2.0%	0.99%
HON	Honeywell International Inc Industrials	Reduced	39,968	-7,943	$9,474,534	−3.3%	0.98%
CSCO	Cisco Systems, Inc. Technology	Added	121,235	+118,461	$9,406,623	+4302.2%	0.97%
PEP	Pepsico Inc Consumer Defensive	Reduced	58,982	-4,466	$9,159,314	+0.6%	0.94%
LMT	Lockheed Martin Corp Industrials	Added	13,577	+1,603	$8,205,803	+41.7%	0.85%
STZ	Constellation Brands, Inc. Consumer Defensive	Reduced	54,523	-2,656	$8,178,450	+3.7%	0.84%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	56,539	+6,798	$8,166,493	+14.6%	0.84%
CTSH	Cognizant Technology Solutions Corp Technology	Added	132,839	+80,150	$8,149,672	+86.4%	0.84%
PFE	Pfizer Inc Healthcare	Added	274,915	+17,033	$7,719,613	+20.2%	0.80%
WMT	Walmart Inc. Consumer Defensive	Added	59,711	+4,919	$7,420,883	+21.6%	0.76%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	126,467	+10,310	$7,289,557	+16.6%	0.75%
RJF	Raymond James Financial Inc Financial Services	Added	50,079	+24,085	$7,250,938	+73.7%	0.75%
EMR	Emerson Electric Co Industrials	Reduced	54,671	-31,593	$7,162,994	−37.4%	0.74%
TTE	TotalEnergies SE Energy	Reduced	72,155	-32,936	$6,564,661	−4.5%	0.68%
LRCX	Lam Research Corp Technology	Reduced	30,005	-5,115	$6,410,868	+6.6%	0.66%
ADBE	Adobe Inc. Technology	Added	26,233	+5,265	$6,376,717	−13.1%	0.66%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	13,282	+704	$6,364,734	+0.7%	0.66%
AXP	American Express Co Financial Services	Reduced	20,656	-7,334	$6,248,026	−39.7%	0.64%
ACN	Accenture plc Technology	Reduced	31,501	-140	$6,246,333	−26.4%	0.64%
FAST	Fastenal Co Industrials	Reduced	131,460	-46,091	$6,099,744	−14.4%	0.63%
WAT	Waters Corp /De/ Healthcare	Added	20,445	+7,538	$6,088,521	+24.2%	0.63%
UNP	Union Pacific Corp Industrials	Reduced	25,031	-11,523	$6,073,021	−28.2%	0.63%
FOXA	Fox Corp Communication Services	Added	100,548	+5,228	$5,872,003	−15.7%	0.61%
ROK	Rockwell Automation, Inc Industrials	Added	16,181	+4,168	$5,807,037	+24.2%	0.60%
USB	US Bancorp De Financial Services	Added	107,519	+6,250	$5,592,063	+3.5%	0.58%
CL	Colgate Palmolive Co Consumer Defensive	Added	65,023	+14,607	$5,541,910	+39.1%	0.57%
GD	General Dynamics Corp Industrials	Reduced	15,976	-8,204	$5,483,282	−32.6%	0.57%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	103,110	-48,855	$5,446,270	−43.7%	0.56%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	11,064	-62	$5,438,287	−15.6%	0.56%
MAS	Masco Corp /De/ Industrials	Added	87,998	+42,562	$5,312,439	+84.2%	0.55%
OTIS	Otis Worldwide Corp Industrials	Added	68,541	+48,413	$5,283,140	+200.5%	0.54%
EBAY	Ebay Inc Consumer Cyclical	Added	57,675	+43,237	$5,249,578	+317.4%	0.54%
IFF	International Flavors & Fragrances Inc Basic Materials	Added	71,222	+3,570	$5,167,156	+13.3%	0.53%
AMGN	Amgen Inc Healthcare	Added	14,529	+1,081	$5,112,028	+16.1%	0.53%
DOC	Healthpeak Properties, Inc. Real Estate	Added	310,140	+24,595	$5,095,600	+11.0%	0.53%
AMAT	Applied Materials Inc /De Technology	Reduced	14,895	-19,889	$5,090,962	−43.0%	0.52%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	54,821	+2,737	$5,060,526	+6.5%	0.52%