BERKLEY W R CORP WRB
COM · Common Stock · CUSIP 084423102 · ISIN US0844231029
Commercial lines property & casualty insurance holding company organized in Delaware and based in Greenwich, Connecticut
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersGreenwich, CT
- Founded1967
- Websitewrberkley.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($55.6m this quarter). Holder counts are more reliable. Shares outstanding: 371.2m as of 2026-07-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $70.59. Options: 7 managers hold calls ($16.3m notional), 6 hold puts ($3.4m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 667 |
| Q4 2022 | 715 |
| Q1 2023 | 692 |
| Q2 2023 | 660 |
| Q3 2023 | 667 |
| Q4 2023 | 728 |
| Q1 2024 | 772 |
| Q2 2024 | 760 |
| Q3 2024 | 801 |
| Q4 2024 | 875 |
| Q1 2025 | 915 |
| Q2 2025 | 923 |
| Q3 2025 | 933 |
| Q4 2025 | 951 |
| Q1 2026 | 926 |
| Q2 2026 | 950 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 378 | 416 |
| Q4 2024 | 425 | 301 |
| Q1 2025 | 443 | 399 |
| Q2 2025 | 442 | 417 |
| Q3 2025 | 403 | 438 |
| Q4 2025 | 388 | 453 |
| Q1 2026 | 327 | 529 |
| Q2 2026 | 445 | 409 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $22.4m | $3.1m | 0.14 |
| Q4 2025 | $16.8m | $9.3m | 0.55 |
| Q1 2026 | $14.3m | $5.4m | 0.38 |
| Q2 2026 | $16.3m | $3.4m | 0.21 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +1.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.8m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| Bristol Gate Capital Partners Inc. | New | +918.0k |
| Squarepoint Ops LLC | Added | +697.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +542.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +477.0k |
| CANADA PENSION PLAN INVESTMENT BOARD | New | +432.6k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +387.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -1.4m |
| BlackRock, Inc. | Reduced | -1.3m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| PFA Pension, Forsikringsaktieselskab | Reduced | -789.1k |
| Bank of New York Mellon Corp | Reduced | -686.4k |
| BloombergSen Inc. | Reduced | -568.3k |
| Maren Capital LLC | Sold out | -504.6k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -457.0k |
| UBS Group AG | Reduced | -432.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.3m117.8k shares |
| JANE STREET GROUP, LLC | Reduced | $4.3m60.4k shares |
| CITADEL ADVISORS LLC | Reduced | $1.7m24.0k shares |
| IMC-Chicago, LLC | Reduced | $1.5m21.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $218.6k3.1k shares |
| Walleye Trading LLC | Reduced | $169.3k2.4k shares |
| GROUP ONE TRADING LLC | Added | $70.5k1.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $1.3m18.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m15.7k shares |
| JANE STREET GROUP, LLC | Reduced | $557.2k7.9k shares |
| IMC-Chicago, LLC | Reduced | $486.7k6.9k shares |
| GROUP ONE TRADING LLC | Unchanged | $7.1k100 shares |
| SIMPLEX TRADING, LLC | Unchanged | $7.1k100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
BERKLEY WILLIAM R JR
13D · may seek influence
filed 2026-07-21
Stated purposeItem 4 is hereby amended by replacing the first paragraph with the following: Calculations of the Reporting Persons' beneficial ownership on the cover pages and in Item 5(a) of this Statement are based on 372,276,732 shares of Common Stock outstanding as of April 27, 2026, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 1, 2026. Full filing |
25.7% |
BERKLEY WILLIAM R
13D · may seek influence
+0.4 pts · filed 2026-03-05
Stated purposeItem 4 is hereby amended by replacing the first paragraph with the following: Calculations of the Reporting Persons' beneficial ownership on the cover pages and in Item 5(a) of this Statement are based on 374,490,856 shares of Common Stock outstanding as of February 23, 2026, as reported in the Issuer's Form 10-K filed with the Securities and Exchange Commission on February 27, 2026. However, when calculating MSI's percentage ownership for certain purposes under the Framework Agreement and LLC Agreement, MSI uses as its denominator 391,869,666 shares of Common Stock, which comprises such number of shares of Common Stock outstanding as of February 23, 2026 and 17,378,810 shares of Common Stock held in a grantor trust as of December 31, 2025, each as reported in the Issuer's Form 10-K filed… Full filing |
25.5% |
MITSUI SUMITOMO INSURANCE CO LTD
13D · may seek influence
+0.1 pts · filed 2026-06-04
Stated purposeItem 4 is hereby amended by replacing the second to last paragraph of Item 4 with the following: In connection with MSI's acquisition of fifteen percent (15%) of the Outstanding Agreement Shares, MSI designated Andrew Carrier, an executive officer of MSI, to serve as a director of the Issuer. Mr. Carrier was nominated to the slate of directors up for election to the Issuer's Board at the Issuer's 2026 annual meeting by the Issuer's Board following the recommendation of the Issuer's Nominating and Corporate Governance Committee to the Board. On June 3, 2026, Mr. Carrier was elected to the Board at the annual meeting of stockholders of the Issuer. Mr. Carrier was designated by MSI pursuant to the terms of the Framework Agreement. Full filing |
15.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.8% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.6%, 2026-10-27), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Mitsui Sumitomo Insurance Co Ltd 100.00% of their portfolio | 58.8m $4.1bn | Unchanged |
| BlackRock, Inc. 0.02% of their portfolio | 21.9m $1.5bn | Reduced -1.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 18.7m $1.3bn | Reduced -234.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 14.6m $1.0bn | Reduced -199.3k |
| STATE STREET CORP 0.03% of their portfolio | 14.1m $1.0bn | Reduced -278.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 8.3m $588.5m | Added +39.1k |
| MORGAN STANLEY 0.03% of their portfolio | 8.3m $582.1m | Reduced -2.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.40% of their portfolio | 6.4m $449.8m | Reduced -1.4m |
| Invesco Ltd. 0.03% of their portfolio | 5.0m $354.6m | Reduced -23.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 4.2m $293.3m | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 4.0m $285.1m | Added +273.7k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 3.7m $262.4m | Reduced -68.7k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 3.7m $259.6m | Added +1.8m |
| FIRST TRUST ADVISORS LP 0.15% of their portfolio | 3.6m $255.7m | Reduced -348.1k |
| NORGES BANK 0.02% of their portfolio | 3.1m $222.1m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.8m $201.0m | Reduced -55.1k |
| UBS Group AG 0.03% of their portfolio | 2.8m $200.0m | Reduced -432.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 2.6m $182.6m | Added +1.8m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.6m $180.0m | Reduced -152.7k |
| 1832 Asset Management L.P. 0.20% of their portfolio | 2.3m $161.8m | Reduced -57 |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.2m $153.0m | Reduced -1.1m |
| Polar Capital Holdings Plc 0.43% of their portfolio | 2.1m $150.2m | Reduced -145.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.27% of their portfolio | 2.1m $149.2m | Reduced -169.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 2.0m $144.0m | Reduced -133.9k |
| TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio | 2.0m $142.0m | Added +1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.9m $135.2m | Added +16.1k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.6m $115.2m | Reduced -25.9k |
| Legal & General Group Plc 0.02% of their portfolio | 1.6m $112.8m | Reduced -271.5k |
| Madison Asset Management, LLC 1.26% of their portfolio | 1.5m $105.6m | Reduced -121.1k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.5m $104.1m | Added +81.8k |
| NATIXIS ADVISORS, LLC 0.12% of their portfolio | 1.5m $103.4m | Added +117.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.5m $103.1m | Reduced -457.0k |
| FMR LLC 0.00% of their portfolio | 1.4m $102.0m | Added +57.4k |
| BARCLAYS PLC 0.03% of their portfolio | 1.4m $101.6m | Added +213.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.3m $95.0m | Reduced -686.4k |
| CHILTON INVESTMENT CO INC. 2.27% of their portfolio | 1.3m $94.5m | Reduced -48.9k |
| Cornerstone Investment Partners, LLC 3.15% of their portfolio | 1.3m $94.2m | Added +283.6k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.3m $92.1m | Added +160.9k |
| JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio | 1.3m $89.8m | Added +112.1k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.3m $88.7m | Reduced -39.4k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 1.1m $78.6m | Added +7.4k |
| ANCHOR CAPITAL ADVISORS LLC 2.05% of their portfolio | 1.0m $73.0m | Reduced -98.5k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.14% of their portfolio | 1.0m $72.8m | Reduced -81.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 993.0k $70.0m | Reduced -107.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 969.4k $68.4m | Added +387.2k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 936.2k $66.0m | Added +477.0k |
| Bristol Gate Capital Partners Inc. 4.51% of their portfolio | 918.0k $64.7m | New |
| EULAV Asset Management 2.04% of their portfolio | 906.5k $63.9m | Reduced -324.0k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 875.7k $61.8m | Reduced -138.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 830.6k $58.6m | Reduced -65.6k |
| Cerity Partners LLC 0.07% of their portfolio | 814.7k $57.5m | Added +39.3k |
| PARNASSUS INVESTMENTS, LLC 0.15% of their portfolio | 779.8k $55.0m | Reduced -26.3k |
| Squarepoint Ops LLC 0.10% of their portfolio | 751.3k $53.0m | Added +697.6k |
| CITIGROUP INC 0.02% of their portfolio | 709.9k $50.1m | Added +2.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 652.0k $46.0m | Added +152.1k |
| Amundi 0.01% of their portfolio | 647.8k $45.7m | Reduced -73.2k |
| Mraz, Amerine & Associates, Inc. 6.43% of their portfolio | 635.8k $44.8m | Added +5.2k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 630.2k $44.4m | Reduced -18.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 628.8k $44.3m | Added +6.2k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 621.0k $43.8m | Reduced -45.8k |
| Swiss National Bank 0.02% of their portfolio | 607.3k $42.8m | Reduced -117.7k |
| Nuveen, LLC 0.01% of their portfolio | 580.2k $40.9m | Added +56.4k |
| TUDOR INVESTMENT CORP ET AL 0.17% of their portfolio | 571.2k $40.3m | Added +144.9k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 562.3k $39.7m | Reduced -13.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 561.6k $39.6m | Added +542.9k |
| Caisse de depot et placement du Quebec 0.06% of their portfolio | 556.7k $39.3m | Reduced -101.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 525.1k $37.0m | Reduced -38.7k |
| BRANDES INVESTMENT PARTNERS, LP 0.26% of their portfolio | 516.1k $36.4m | Added +2.9k |
| TRUIST FINANCIAL CORP 0.04% of their portfolio | 468.9k $33.1m | Reduced -103.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 432.6k $30.5m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio | 429.8k $30.3m | Added +24.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 421.0k $29.7m | Reduced -2.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 416.6k $29.4m | Reduced -86.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 415.8k $29.4m | Added +8.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 411.6k $29.0m | Added +219.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 411.6k $29.0m | Reduced -60.7k |
| Dundas Partners LLP 1.99% of their portfolio | 390.6k $27.5m | Unchanged |
| Quantinno Capital Management LP 0.03% of their portfolio | 389.9k $27.5m | Added +126.7k |
| APG Asset Management N.V. 0.06% of their portfolio | 389.3k $24.0m | Reduced -12.9k |
| America First Investment Advisors, LLC 5.02% of their portfolio | 383.6k $27.1m | Added +3.3k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio | 377.8k $26.7m | Added +267.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 374.7k $26.4m | Reduced -18.4k |
| CIBC Asset Management Inc 0.06% of their portfolio | 367.9k $26.0m | Added +283.2k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.17% of their portfolio | 364.5k $25.7m | Added +90.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.48% of their portfolio | 358.7k $25.3m | Added +178.1k |
| ZACKS INVESTMENT MANAGEMENT 0.17% of their portfolio | 333.7k $23.5m | Added +5.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 318.4k $22.5m | Added +8.8k |
| BANK OF NOVA SCOTIA 0.03% of their portfolio | 316.6k $22.3m | Added +6.2k |
| CREDIT AGRICOLE S A 0.06% of their portfolio | 315.5k $22.3m | Added +264.2k |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.09% of their portfolio | 308.0k $21.7m | New |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 299.9k $21.2m | Added +52.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 290.4k $20.5m | Added +89.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 288.9k $19.1m | Reduced -4.0k |
| BARLOW WEALTH PARTNERS, LLC 2.09% of their portfolio | 271.3k $19.3m | Added +1.0k |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.09% of their portfolio | 269.2k $19.0m | Reduced -41.8k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 265.7k $18.7m | Reduced -12.8k |
| DANSKE BANK A/S 0.04% of their portfolio | 260.2k $18.3m | Reduced -12.0k |
| PhiloSmith Capital Corp 4.97% of their portfolio | 259.4k $18.3m | Reduced -1.0k |
| FAIRHOLME CAPITAL MANAGEMENT LLC 1.21% of their portfolio | 256.4k $18.1m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 253.5k $17.9m | Added +94.5k |