Institutional Manager · CIK 0001673385

Morningstar Investment Management LLC

Chicago, IL · File #028-17446

Latest AUM

$1.7M

Positions

327

Top-10 Concentration

60.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	NVIDIA CORPORATION	NVDA	-351,399	-$65,536	-$46
REDUCE	AMAZON COM INC	AMZN	-129,194	-$29,822	+$2,045
REDUCE	APPLE INC	AAPL	-101,461	-$27,583	+$5,318
REDUCE	MICROSOFT CORP	MSFT	-50,462	-$24,404	-$5,602
REDUCE	META PLATFORMS INC	META	-33,466	-$22,090	-$5,148
REDUCE	JPMORGAN CHASE & CO.	VYLD	-63,037	-$20,309	+$431
REDUCE	ISHARES TR	46432F834	-230,880	-$19,545	+$528
REDUCE	TAIWAN SEMICONDUCTOR MFG LTD	874039100	-62,972	-$19,136	+$2,516
REDUCE	VISA INC	V	-46,607	-$16,346	+$931
EXITED	RTX CORPORATION	75513E101	-92,082	-$15,408	$0

Sector Allocation

15.9%$268,958

5.9%$99,758

5.7%$97,313

4.4%$74,611

3.5%$60,204

Consumer Discretionary

3.5%$59,677

Communication Services

3.0%$51,637

2.2%$37,806

0.9%$14,775

0.3%$5,513

0.3%$4,568

Filing History

Feb 9, 202613F COMBINATION REPORTQ/E Dec 2025327 pos · $1.7M
Nov 17, 202513F COMBINATION REPORTQ/E Sep 2025471 pos · $2.7M
Jul 28, 202513F COMBINATION REPORTQ/E Jun 2025205 pos · $1.1M
May 7, 202513F COMBINATION REPORTQ/E Mar 202571 pos · $1.2M
Feb 3, 202513F COMBINATION REPORTQ/E Dec 2024212 pos · $1.3M
Nov 12, 202413F COMBINATION REPORTQ/E Sep 2024214 pos · $1.0M
Aug 8, 202413F COMBINATION REPORTQ/E Jun 2024195 pos · $957,046
May 13, 202413F COMBINATION REPORTQ/E Mar 2024200 pos · $922,229
Apr 9, 202413F COMBINATION REPORT (Amended)Q/E Mar 20242 pos · $15,758
Apr 9, 202413F COMBINATION REPORT (Amended)Q/E Mar 2024164 pos · $727,598
Apr 9, 202413F COMBINATION REPORT (Amended)Q/E Mar 2024172 pos · $737,616
Apr 9, 202413F COMBINATION REPORT (Amended)Q/E Mar 20247 pos · $7,549
Apr 9, 202413F COMBINATION REPORT (Amended)Q/E Mar 202479 pos · $672,114
Apr 9, 202413F COMBINATION REPORT (Amended)Q/E Mar 20241 pos · $1,469
Apr 5, 202413F COMBINATION REPORT (Amended)Q/E Mar 202429 pos · $343,939
Apr 5, 202413F COMBINATION REPORT (Amended)Q/E Mar 202477 pos · $431,120
Apr 5, 202413F COMBINATION REPORT (Amended)Q/E Mar 20249 pos · $160,722
Apr 5, 202413F COMBINATION REPORT (Amended)Q/E Mar 202442 pos · $533,125
Apr 5, 202413F COMBINATION REPORT (Amended)Q/E Mar 20242 pos · $4,488
Apr 5, 202413F COMBINATION REPORT (Amended)Q/E Mar 202413 pos · $183,879

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	46429B267	10,701,492	$246,402	22.11%
2	VANGUARD INDEX FDS	922908769	213,319	$71,519	6.42%
3	APPLE INC	AAPL	207,210	$56,332	5.06%
4	MICROSOFT CORP	MSFT	112,681	$54,494	4.89%
5	ALPHABET INC	GOOG	152,208	$47,641	4.28%
6	SPDR SERIES TRUST	78468R853	1,011,729	$47,410	4.25%
7	SCHWAB STRATEGIC TR	808524862	1,726,672	$42,079	3.78%
8	NVIDIA CORPORATION	NVDA	220,891	$41,196	3.70%
9	SPDR SERIES TRUST	78464A300	386,421	$35,153	3.15%
10	VANGUARD CHARLOTTE FDS	92203J407	572,634	$27,670	2.48%
11	SCHWAB STRATEGIC TR	808524730	700,890	$25,274	2.27%
12	META PLATFORMS INC	META	35,829	$23,650	2.12%
13	FIDELITY COVINGTON TRUST	316092808	95,145	$21,376	1.92%
14	ISHARES TR	464288737	293,821	$18,996	1.70%
15	VISA INC	V	53,151	$18,641	1.67%
16	ISHARES TR	46434V878	282,957	$14,312	1.28%
17	BLACKROCK INC	BLK	12,857	$13,761	1.23%
18	MASTERCARD INCORPORATED	MA	23,790	$13,581	1.22%
19	VANGUARD WORLD FD	92204A504	46,147	$13,283	1.19%
20	AMAZON COM INC	AMZN	52,376	$12,090	1.08%