MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 354,200 Value ($000) $76,971 Avg Close $216.57 Range $202.89 - $233.46

Q3 2025

Shares 160,800 Value ($000) $37,307 Avg Close $266.56 Range $230.09 - $313.40

Q2 2025

Shares 142,200 Value ($000) $44,641 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 91,700 Value ($000) $27,498 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 20,600 Value ($000) $6,937 Avg Close $341.38 Range $312.59 - $365.00

Q3 2024

Shares 2,300 Value ($000) $734 Avg Close $310.75 Range $294.45 - $330.22

Q2 2024

Shares 3,500 Value ($000) $1,035 Avg Close $295.99 Range $281.37 - $316.06

Q1 2024

Shares 4,000 Value ($000) $1,233 Avg Close $288.05 Range $269.51 - $316.05

Q4 2023

Shares 6,100 Value ($000) $1,746 Avg Close $260.56 Range $219.45 - $289.17

Q3 2023

Shares 6,300 Value ($000) $1,476 Avg Close $225.76 Range $188.97 - $257.28

Q2 2023

Shares 12,000 Value ($000) $2,353 Avg Close $198.02 Range $163.28 - $210.95

Q1 2023

Shares 9,200 Value ($000) $1,868 Avg Close $219.87 Range $180.99 - $259.28

Q4 2022

Shares 6,500 Value ($000) $1,408 Avg Close $227.96 Range $207.11 - $252.04

Q3 2022

Shares 6,600 Value ($000) $1,401 Avg Close $237.81 Range $208.48 - $261.16

Q2 2022

Shares 7,200 Value ($000) $1,741 Avg Close $252.01 Range $218.25 - $293.64

Q1 2022

Shares 5,800 Value ($000) $1,584 Avg Close $282.62 Range $251.56 - $343.54

Q4 2021

Shares 1,500 Value ($000) $513 Avg Close $309.54 Range $253.81 - $350.21

Q2 2020

Shares 4,400 Value ($000) $620 Avg Close $141.17 Range $109.25 - $165.19

Q1 2020

Shares 5,700 Value ($000) $663 Avg Close $144.90 Range $102.59 - $166.59

Q4 2019

Shares 7,700 Value ($000) $1,165 Avg Close $153.53 Range $141.94 - $163.94

Q3 2019

Shares 8,200 Value ($000) $1,198 Avg Close $153.95 Range $144.37 - $162.53

Q2 2019

Shares 8,400 Value ($000) $1,215 Avg Close $138.03 Range $126.26 - $149.70

Q1 2019

Shares 8,400 Value ($000) $1,058 Avg Close $120.22 Range $99.67 - $129.99

Q4 2018

Shares 10,000 Value ($000) $1,098 Avg Close $117.21 Range $104.56 - $133.74

Q3 2018

Shares 10,236 Value ($000) $1,289 Avg Close $134.79 Range $125.47 - $144.34

Q2 2018

Shares 6,736 Value ($000) $864 Avg Close $114.36 Range $93.30 - $134.95

Q3 2016

Shares 8,924 Value ($000) $707 Avg Close $82.20 Range $73.84 - $85.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	354,200	$76,971	$216.57	$202.89 - $233.46
Q3 2025	160,800	$37,307	$266.56	$230.09 - $313.40
Q2 2025	142,200	$44,641	$296.03	$250.34 - $316.71
Q1 2025	91,700	$27,498	$314.89	$278.64 - $338.50
Q4 2024	20,600	$6,937	$341.38	$312.59 - $365.00
Q3 2024	2,300	$734	$310.75	$294.45 - $330.22
Q2 2024	3,500	$1,035	$295.99	$281.37 - $316.06
Q1 2024	4,000	$1,233	$288.05	$269.51 - $316.05
Q4 2023	6,100	$1,746	$260.56	$219.45 - $289.17
Q3 2023	6,300	$1,476	$225.76	$188.97 - $257.28
Q2 2023	12,000	$2,353	$198.02	$163.28 - $210.95
Q1 2023	9,200	$1,868	$219.87	$180.99 - $259.28
Q4 2022	6,500	$1,408	$227.96	$207.11 - $252.04
Q3 2022	6,600	$1,401	$237.81	$208.48 - $261.16
Q2 2022	7,200	$1,741	$252.01	$218.25 - $293.64
Q1 2022	5,800	$1,584	$282.62	$251.56 - $343.54
Q4 2021	1,500	$513	$309.54	$253.81 - $350.21
Q2 2020	4,400	$620	$141.17	$109.25 - $165.19
Q1 2020	5,700	$663	$144.90	$102.59 - $166.59
Q4 2019	7,700	$1,165	$153.53	$141.94 - $163.94
Q3 2019	8,200	$1,198	$153.95	$144.37 - $162.53
Q2 2019	8,400	$1,215	$138.03	$126.26 - $149.70
Q1 2019	8,400	$1,058	$120.22	$99.67 - $129.99
Q4 2018	10,000	$1,098	$117.21	$104.56 - $133.74
Q3 2018	10,236	$1,289	$134.79	$125.47 - $144.34
Q2 2018	6,736	$864	$114.36	$93.30 - $134.95
Q3 2016	8,924	$707	$82.20	$73.84 - $85.49