MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

Sepio Capital, LP's Holding History (CIK: 0001751412)

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

Q4 2025

Shares 2,847 Value ($000) $619 Avg Close $216.57 Range $202.89 - $233.46

Q3 2025

Shares 4,007 Value ($000) $930 Avg Close $266.56 Range $230.09 - $313.40

Q2 2025

Shares 4,008 Value ($000) $1,258 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 5,865 Value ($000) $1,759 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 5,937 Value ($000) $1,999 Avg Close $341.38 Range $312.59 - $365.00

Q3 2024

Shares 6,006 Value ($000) $1,917 Avg Close $310.75 Range $294.45 - $330.22

Q2 2024

Shares 6,006 Value ($000) $1,777 Avg Close $295.99 Range $281.37 - $316.06

Q1 2024

Shares 6,114 Value ($000) $1,885 Avg Close $288.05 Range $269.51 - $316.05

Q4 2023

Shares 6,120 Value ($000) $1,752 Avg Close $260.56 Range $219.45 - $289.17

Q3 2023

Shares 6,755 Value ($000) $1,582 Avg Close $225.76 Range $188.97 - $257.28

Q2 2023

Shares 6,755 Value ($000) $1,324 Avg Close $198.02 Range $163.28 - $210.95

Q1 2023

Shares 6,935 Value ($000) $1,408 Avg Close $219.87 Range $180.99 - $259.28

Q4 2022

Shares 5,064 Value ($000) $1,097 Avg Close $227.96 Range $207.11 - $252.04

Q3 2022

Shares 5,140 Value ($000) $1,091 Avg Close $237.81 Range $208.48 - $261.16

Q2 2022

Shares 5,144 Value ($000) $1,244 Avg Close $252.01 Range $218.25 - $293.64

Q1 2022

Shares 5,206 Value ($000) $1,422 Avg Close $282.62 Range $251.56 - $343.54

Q4 2021

Shares 6,225 Value ($000) $2,129 Avg Close $309.54 Range $253.81 - $350.21

Q3 2021

Shares 6,688 Value ($000) $1,732 Avg Close $262.72 Range $242.31 - $288.54

Q2 2021

Shares 6,836 Value ($000) $1,758 Avg Close $242.63 Range $224.56 - $270.08

Q1 2021

Shares 6,840 Value ($000) $1,539 Avg Close $234.34 Range $213.55 - $255.75

Q4 2020

Shares 6,654 Value ($000) $1,541 Avg Close $198.64 Range $159.23 - $232.06

Q3 2020

Shares 6,309 Value ($000) $1,013 Avg Close $157.98 Range $140.37 - $178.57

Q2 2020

Shares 5,224 Value ($000) $736 Avg Close $141.17 Range $109.25 - $165.19

Q1 2020

Shares 4,430 Value ($000) $515 Avg Close $144.90 Range $102.59 - $166.59

Q4 2019

Shares 4,461 Value ($000) $675 Avg Close $153.53 Range $141.94 - $163.94

Q3 2019

Shares 4,637 Value ($000) $678 Avg Close $153.95 Range $144.37 - $162.53

Q2 2019

Shares 4,352 Value ($000) $629 Avg Close $138.03 Range $126.26 - $149.70

Q1 2019

Shares 4,352 Value ($000) $548 Avg Close $120.22 Range $99.67 - $129.99

Q4 2018

Shares 4,858 Value ($000) $534 Avg Close $117.21 Range $104.56 - $133.74

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,847	$619	$216.57	$202.89 - $233.46
Q3 2025	4,007	$930	$266.56	$230.09 - $313.40
Q2 2025	4,008	$1,258	$296.03	$250.34 - $316.71
Q1 2025	5,865	$1,759	$314.89	$278.64 - $338.50
Q4 2024	5,937	$1,999	$341.38	$312.59 - $365.00
Q3 2024	6,006	$1,917	$310.75	$294.45 - $330.22
Q2 2024	6,006	$1,777	$295.99	$281.37 - $316.06
Q1 2024	6,114	$1,885	$288.05	$269.51 - $316.05
Q4 2023	6,120	$1,752	$260.56	$219.45 - $289.17
Q3 2023	6,755	$1,582	$225.76	$188.97 - $257.28
Q2 2023	6,755	$1,324	$198.02	$163.28 - $210.95
Q1 2023	6,935	$1,408	$219.87	$180.99 - $259.28
Q4 2022	5,064	$1,097	$227.96	$207.11 - $252.04
Q3 2022	5,140	$1,091	$237.81	$208.48 - $261.16
Q2 2022	5,144	$1,244	$252.01	$218.25 - $293.64
Q1 2022	5,206	$1,422	$282.62	$251.56 - $343.54
Q4 2021	6,225	$2,129	$309.54	$253.81 - $350.21
Q3 2021	6,688	$1,732	$262.72	$242.31 - $288.54
Q2 2021	6,836	$1,758	$242.63	$224.56 - $270.08
Q1 2021	6,840	$1,539	$234.34	$213.55 - $255.75
Q4 2020	6,654	$1,541	$198.64	$159.23 - $232.06
Q3 2020	6,309	$1,013	$157.98	$140.37 - $178.57
Q2 2020	5,224	$736	$141.17	$109.25 - $165.19
Q1 2020	4,430	$515	$144.90	$102.59 - $166.59
Q4 2019	4,461	$675	$153.53	$141.94 - $163.94
Q3 2019	4,637	$678	$153.95	$144.37 - $162.53
Q2 2019	4,352	$629	$138.03	$126.26 - $149.70
Q1 2019	4,352	$548	$120.22	$99.67 - $129.99
Q4 2018	4,858	$534	$117.21	$104.56 - $133.74