Supply breakdown
Shares as of Oct 23, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 37.10M | 100.0% | $5.79B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | - | - | - | Unavailable |
| Total outstanding | 37.10M | 100.0% | $5.79B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 24.22M | 65.3% | $3.78B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Valuation
- Traditional$5.79B
- Fully diluted$5.85B
- Circulating$5.79B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
13F, quarter ended Jun 30, 2026| Holder | Shares | % of total |
|---|---|---|
| BAMCO INC /NY/ | 3.50M | 9.43% |
| BlackRock, Inc. | 2.08M | 5.61% |
| WELLINGTON MANAGEMENT GROUP LLP | 1.49M | 4.02% |
| MORGAN STANLEY | 1.48M | 4.00% |
| AQR CAPITAL MANAGEMENT LLC | 1.30M | 3.52% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 950.1K | 2.56% |
| VANGUARD CAPITAL MANAGEMENT LLC | 894.4K | 2.41% |
| STATE STREET CORP | 716.5K | 1.93% |
| GEODE CAPITAL MANAGEMENT, LLC | 578.3K | 1.56% |
| DIMENSIONAL FUND ADVISORS LP | 561.9K | 1.51% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | MORN on Nasdaq | 37,104,311 | Oct 23, 2026 |
Notes and sources
- Morningstar, Inc. 10-Q for period ended 2026-09-30, Cover page (0001289419-26-000054)
- SEC public float (non-affiliates): $8.30B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.