MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

Bayforest Capital Ltd's Holding History (CIK: 0002048423)

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

Q4 2025

Shares 219 Value ($000) $48 Avg Close $216.57 Range $202.89 - $233.46

Q2 2025

Shares 858 Value ($000) $269 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 855 Value ($000) $256 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 715 Value ($000) $241 Avg Close $341.38 Range $312.59 - $365.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	219	$48	$216.57	$202.89 - $233.46
Q2 2025	858	$269	$296.03	$250.34 - $316.71
Q1 2025	855	$256	$314.89	$278.64 - $338.50
Q4 2024	715	$241	$341.38	$312.59 - $365.00