MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

R Squared Ltd's Holding History (CIK: 0001896148)

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

Q4 2025

Shares 3,241 Value ($000) $704 Avg Close $216.57 Range $202.89 - $233.46

Q3 2025

Shares 3,565 Value ($000) $827 Avg Close $266.56 Range $230.09 - $313.40

Q2 2025

Shares 3,573 Value ($000) $1,122 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 2,240 Value ($000) $672 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 120 Value ($000) $40 Avg Close $341.38 Range $312.59 - $365.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,241	$704	$216.57	$202.89 - $233.46
Q3 2025	3,565	$827	$266.56	$230.09 - $313.40
Q2 2025	3,573	$1,122	$296.03	$250.34 - $316.71
Q1 2025	2,240	$672	$314.89	$278.64 - $338.50
Q4 2024	120	$40	$341.38	$312.59 - $365.00