MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q2 2025

Shares 1,082 Value ($000) $340 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 6,223 Value ($000) $1,866 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 1,774 Value ($000) $597 Avg Close $341.38 Range $312.59 - $365.00

Q1 2024

Shares 2,028 Value ($000) $625 Avg Close $288.05 Range $269.51 - $316.05

Q2 2023

Shares 9,986 Value ($000) $1,958 Avg Close $198.02 Range $163.28 - $210.95

Q1 2023

Shares 7,890 Value ($000) $1,602 Avg Close $219.87 Range $180.99 - $259.28

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	1,082	$340	$296.03	$250.34 - $316.71
Q1 2025	6,223	$1,866	$314.89	$278.64 - $338.50
Q4 2024	1,774	$597	$341.38	$312.59 - $365.00
Q1 2024	2,028	$625	$288.05	$269.51 - $316.05
Q2 2023	9,986	$1,958	$198.02	$163.28 - $210.95
Q1 2023	7,890	$1,602	$219.87	$180.99 - $259.28