MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 8,907 Value ($000) $1,936 Avg Close $216.57 Range $202.89 - $233.46

Q3 2025

Shares 7,573 Value ($000) $1,757 Avg Close $266.56 Range $230.09 - $313.40

Q2 2025

Shares 7,589 Value ($000) $2,382 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 8,772 Value ($000) $2,630 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 9,147 Value ($000) $3,080 Avg Close $341.38 Range $312.59 - $365.00

Q3 2024

Shares 10,912 Value ($000) $3,482 Avg Close $310.75 Range $294.45 - $330.22

Q2 2024

Shares 10,980 Value ($000) $3,248 Avg Close $295.99 Range $281.37 - $316.06

Q1 2024

Shares 11,930 Value ($000) $3,679 Avg Close $288.05 Range $269.51 - $316.05

Q4 2023

Shares 13,176 Value ($000) $3,771 Avg Close $260.56 Range $219.45 - $289.17

Q3 2023

Shares 18,811 Value ($000) $4,406 Avg Close $225.76 Range $188.97 - $257.28

Q2 2023

Shares 19,911 Value ($000) $3,904 Avg Close $198.02 Range $163.28 - $210.95

Q1 2023

Shares 20,600 Value ($000) $4,182 Avg Close $219.87 Range $180.99 - $259.28

Q4 2022

Shares 22,877 Value ($000) $4,955 Avg Close $227.96 Range $207.11 - $252.04

Q3 2022

Shares 24,452 Value ($000) $5,192 Avg Close $237.81 Range $208.48 - $261.16

Q2 2022

Shares 26,114 Value ($000) $6,315 Avg Close $252.01 Range $218.25 - $293.64

Q1 2022

Shares 21,388 Value ($000) $5,843 Avg Close $282.62 Range $251.56 - $343.54

Q4 2021

Shares 2,844 Value ($000) $973 Avg Close $309.54 Range $253.81 - $350.21

Q3 2021

Shares 2,932 Value ($000) $759 Avg Close $262.72 Range $242.31 - $288.54

Q2 2021

Shares 2,792 Value ($000) $718 Avg Close $242.63 Range $224.56 - $270.08

Q1 2021

Shares 2,743 Value ($000) $617 Avg Close $234.34 Range $213.55 - $255.75

Q4 2020

Shares 2,780 Value ($000) $644 Avg Close $198.64 Range $159.23 - $232.06

Q3 2020

Shares 2,890 Value ($000) $464 Avg Close $157.98 Range $140.37 - $178.57

Q2 2020

Shares 2,840 Value ($000) $400 Avg Close $141.17 Range $109.25 - $165.19

Q1 2020

Shares 2,660 Value ($000) $309 Avg Close $144.90 Range $102.59 - $166.59

Q4 2019

Shares 2,780 Value ($000) $421 Avg Close $153.53 Range $141.94 - $163.94

Q3 2019

Shares 2,780 Value ($000) $406 Avg Close $153.95 Range $144.37 - $162.53

Q2 2019

Shares 2,802 Value ($000) $405 Avg Close $138.03 Range $126.26 - $149.70

Q1 2019

Shares 3,382 Value ($000) $426 Avg Close $120.22 Range $99.67 - $129.99

Q4 2018

Shares 3,482 Value ($000) $382 Avg Close $117.21 Range $104.56 - $133.74

Q3 2018

Shares 3,482 Value ($000) $438 Avg Close $134.79 Range $125.47 - $144.34

Q2 2018

Shares 3,601 Value ($000) $462 Avg Close $114.36 Range $93.30 - $134.95

Q1 2018

Shares 3,800 Value ($000) $363 Avg Close $96.16 Range $90.00 - $103.46

Q4 2017

Shares 3,906 Value ($000) $379 Avg Close $90.03 Range $82.64 - $99.11

Q3 2017

Shares 3,854 Value ($000) $328 Avg Close $81.52 Range $77.46 - $85.58

Q2 2017

Shares 3,774 Value ($000) $296 Avg Close $75.47 Range $68.43 - $79.55

Q1 2017

Shares 3,614 Value ($000) $284 Avg Close $77.78 Range $72.85 - $81.97

Q4 2016

Shares 9,940 Value ($000) $731 Avg Close $73.51 Range $67.74 - $79.30

Q3 2016

Shares 11,517 Value ($000) $913 Avg Close $82.20 Range $73.84 - $85.49

Q2 2016

Shares 11,617 Value ($000) $950 Avg Close $83.58 Range $76.57 - $89.44

Q1 2016

Shares 13,257 Value ($000) $1,170 Avg Close $79.71 Range $74.78 - $88.66

Q4 2015

Shares 13,847 Value ($000) $1,113 Avg Close $81.02 Range $77.61 - $84.99

Q3 2015

Shares 14,257 Value ($000) $1,144 Avg Close $81.64 Range $76.60 - $86.88

Q2 2015

Shares 14,687 Value ($000) $1,168 Avg Close $76.58 Range $71.89 - $80.93

Q1 2015

Shares 14,677 Value ($000) $1,099 Avg Close $70.94 Range $62.14 - $78.51

Q4 2014

Shares 15,117 Value ($000) $978 Avg Close $66.23 Range $61.03 - $71.08

Q3 2014

Shares 14,257 Value ($000) $968 Avg Close $68.45 Range $66.30 - $72.76

Q2 2014

Shares 14,117 Value ($000) $1,014 Avg Close $73.12 Range $67.77 - $80.00

Q1 2014

Shares 14,747 Value ($000) $1,165 Avg Close $79.64 Range $73.97 - $84.05

Q4 2013

Shares 14,737 Value ($000) $1,151 Avg Close $79.53 Range $73.40 - $85.97

Q3 2013

Shares 15,207 Value ($000) $1,205 Avg Close $77.30 Range $74.19 - $80.00

Q2 2013

Shares 16,387 Value ($000) $1,271 Avg Close $69.29 Range $63.01 - $77.83

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,907	$1,936	$216.57	$202.89 - $233.46
Q3 2025	7,573	$1,757	$266.56	$230.09 - $313.40
Q2 2025	7,589	$2,382	$296.03	$250.34 - $316.71
Q1 2025	8,772	$2,630	$314.89	$278.64 - $338.50
Q4 2024	9,147	$3,080	$341.38	$312.59 - $365.00
Q3 2024	10,912	$3,482	$310.75	$294.45 - $330.22
Q2 2024	10,980	$3,248	$295.99	$281.37 - $316.06
Q1 2024	11,930	$3,679	$288.05	$269.51 - $316.05
Q4 2023	13,176	$3,771	$260.56	$219.45 - $289.17
Q3 2023	18,811	$4,406	$225.76	$188.97 - $257.28
Q2 2023	19,911	$3,904	$198.02	$163.28 - $210.95
Q1 2023	20,600	$4,182	$219.87	$180.99 - $259.28
Q4 2022	22,877	$4,955	$227.96	$207.11 - $252.04
Q3 2022	24,452	$5,192	$237.81	$208.48 - $261.16
Q2 2022	26,114	$6,315	$252.01	$218.25 - $293.64
Q1 2022	21,388	$5,843	$282.62	$251.56 - $343.54
Q4 2021	2,844	$973	$309.54	$253.81 - $350.21
Q3 2021	2,932	$759	$262.72	$242.31 - $288.54
Q2 2021	2,792	$718	$242.63	$224.56 - $270.08
Q1 2021	2,743	$617	$234.34	$213.55 - $255.75
Q4 2020	2,780	$644	$198.64	$159.23 - $232.06
Q3 2020	2,890	$464	$157.98	$140.37 - $178.57
Q2 2020	2,840	$400	$141.17	$109.25 - $165.19
Q1 2020	2,660	$309	$144.90	$102.59 - $166.59
Q4 2019	2,780	$421	$153.53	$141.94 - $163.94
Q3 2019	2,780	$406	$153.95	$144.37 - $162.53
Q2 2019	2,802	$405	$138.03	$126.26 - $149.70
Q1 2019	3,382	$426	$120.22	$99.67 - $129.99
Q4 2018	3,482	$382	$117.21	$104.56 - $133.74
Q3 2018	3,482	$438	$134.79	$125.47 - $144.34
Q2 2018	3,601	$462	$114.36	$93.30 - $134.95
Q1 2018	3,800	$363	$96.16	$90.00 - $103.46
Q4 2017	3,906	$379	$90.03	$82.64 - $99.11
Q3 2017	3,854	$328	$81.52	$77.46 - $85.58
Q2 2017	3,774	$296	$75.47	$68.43 - $79.55
Q1 2017	3,614	$284	$77.78	$72.85 - $81.97
Q4 2016	9,940	$731	$73.51	$67.74 - $79.30
Q3 2016	11,517	$913	$82.20	$73.84 - $85.49
Q2 2016	11,617	$950	$83.58	$76.57 - $89.44
Q1 2016	13,257	$1,170	$79.71	$74.78 - $88.66
Q4 2015	13,847	$1,113	$81.02	$77.61 - $84.99
Q3 2015	14,257	$1,144	$81.64	$76.60 - $86.88
Q2 2015	14,687	$1,168	$76.58	$71.89 - $80.93
Q1 2015	14,677	$1,099	$70.94	$62.14 - $78.51
Q4 2014	15,117	$978	$66.23	$61.03 - $71.08
Q3 2014	14,257	$968	$68.45	$66.30 - $72.76
Q2 2014	14,117	$1,014	$73.12	$67.77 - $80.00
Q1 2014	14,747	$1,165	$79.64	$73.97 - $84.05
Q4 2013	14,737	$1,151	$79.53	$73.40 - $85.97
Q3 2013	15,207	$1,205	$77.30	$74.19 - $80.00
Q2 2013	16,387	$1,271	$69.29	$63.01 - $77.83