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
Q2 2024 share counts are adjusted for a 3-for-2 stock split, so holders aren't shown as buying or selling because of it.
* 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 ($36.0m this quarter). Holder counts are more reliable. Shares outstanding: 381.1m as of 2024-10-28, 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 ≈ $56.86. Options: 9 managers hold calls ($14.0m notional), 13 hold puts ($10.4m).
Trends to Q3 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 345 | 281 |
| Q1 2023 | 338 | 340 |
| Q2 2023 | 282 | 364 |
| Q3 2023 | 298 | 293 |
| Q4 2023 | 339 | 288 |
| Q1 2024 | 370 | 308 |
| Q2 2024 | 368 | 343 |
| Q3 2024 | 378 | 416 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $14.7m | $14.6m | 0.99 |
| Q1 2024 | $13.9m | $19.2m | 1.38 |
| Q2 2024 | $56.3m | $7.2m | 0.13 |
| Q3 2024 | $14.0m | $10.4m | 0.74 |
Biggest buyers
| PRINCIPAL FINANCIAL GROUP INC | Added | +1.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +878.0k |
| Caisse de depot et placement du Quebec | Added | +515.6k |
| FIRST TRUST ADVISORS LP | Added | +498.5k |
| JPMORGAN CHASE & CO | Added | +482.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +346.4k |
| Amundi | Added | +343.0k |
| ZACKS INVESTMENT MANAGEMENT | New | +334.1k |
| UBS Group AG | Added | +309.6k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -5.3m |
| APG Asset Management N.V. | Reduced | -2.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -808.8k |
| Invesco Ltd. | Reduced | -808.1k |
| NORGES BANK | Reduced | -807.2k |
| CITADEL ADVISORS LLC | Sold out | -692.7k |
| Nuveen Asset Management, LLC | Reduced | -415.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -409.8k |
| BERKLEY W R CORP | Sold out | -403.5k |
| Corient Private Wealth LP | Reduced | -325.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $4.4m77.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.6m63.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.9m52.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.6m27.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $678.1k12.0k shares |
| UBS Group AG | Reduced | $397.1k7.0k shares |
| Maven Securities LTD | New | $317.7k5.6k shares |
| Walleye Trading LLC | New | $62.4k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.7m83.1k shares |
| CITADEL ADVISORS LLC | Added | $1.8m31.9k shares |
| GTS SECURITIES LLC | Reduced | $799.9k14.1k shares |
| IMC-Chicago, LLC | New | $624.0k11.0k shares |
| Maven Securities LTD | New | $487.9k8.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $446.4k7.9k shares |
| Walleye Capital LLC | New | $368.7k6.5k shares |
| SIMPLEX TRADING, LLC | Added | $331.0k5.8k shares |
| Walleye Trading LLC | New | $278.0k4.9k shares |
| Cubist Systematic Strategies, LLC | New | $204.2k3.6k 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 in Q3 2024
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 in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 35.9m $2.0bn | Reduced -157.1k |
| BlackRock, Inc. 0.03% of their portfolio | 23.4m $1.3bn | First filing |
| MORGAN STANLEY 0.08% of their portfolio | 20.0m $1.1bn | Added +50.0k |
| STATE STREET CORP 0.03% of their portfolio | 15.1m $857.8m | Reduced -138.8k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 14.7m $835.8m | Added +482.3k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.45% of their portfolio | 11.6m $658.4m | Added +274.7k |
| JANUS HENDERSON GROUP PLC 0.33% of their portfolio | 11.3m $642.3m | Added +76.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 7.6m $429.3m | Reduced -107.1k |
| NORGES BANK 0.04% of their portfolio | 4.9m $279.6m | Reduced -807.2k |
| Invesco Ltd. 0.05% of their portfolio | 4.3m $245.2m | Reduced -808.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.21% of their portfolio | 4.2m $235.7m | Added +1.1m |
| FIRST TRUST ADVISORS LP 0.22% of their portfolio | 4.0m $226.5m | Added +498.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 3.7m $208.4m | Added +1.9m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.1m $178.1m | Added +292.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 3.0m $172.6m | Reduced -13.4k |
| Polar Capital Holdings Plc 0.93% of their portfolio | 2.9m $165.9m | Added +22.5k |
| 1832 Asset Management L.P. 0.28% of their portfolio | 2.9m $164.0m | Reduced -3.9k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 2.8m $156.9m | Added +106.3k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.7m $154.3m | Reduced -200.0k |
| UBS Group AG 0.04% of their portfolio | 2.4m $135.5m | Added +309.6k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.3m $130.3m | Reduced -86.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 2.0m $115.3m | Reduced -177.3k |
| Legal & General Group Plc 0.03% of their portfolio | 2.0m $112.2m | Reduced -90.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.7m $99.1m | Reduced -808.8k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.7m $95.1m | Added +69.3k |
| EULAV Asset Management 2.16% of their portfolio | 1.6m $88.8m | Unchanged |
| Madison Asset Management, LLC 0.99% of their portfolio | 1.6m $88.2m | Added +125.1k |
| Caisse de depot et placement du Quebec 0.17% of their portfolio | 1.5m $85.5m | Added +515.6k |
| California Public Employees Retirement System 0.06% of their portfolio | 1.5m $84.1m | Reduced -49.3k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.5m $83.9m | Reduced -409.8k |
| BARCLAYS PLC 0.04% of their portfolio | 1.5m $83.4m | Added +235.7k |
| CHILTON INVESTMENT CO INC. 2.10% of their portfolio | 1.4m $80.4m | Added +200.4k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.4m $77.9m | Reduced -7.1k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.03% of their portfolio | 1.4m $77.3m | Reduced -21.9k |
| ANCHOR CAPITAL ADVISORS LLC 2.05% of their portfolio | 1.4m $77.1m | Reduced -39.2k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.3m $75.6m | Added +69.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.3m $75.2m | Added +72.5k |
| TRUIST FINANCIAL CORP 0.11% of their portfolio | 1.3m $72.4m | Added +57.9k |
| APG Asset Management N.V. 0.38% of their portfolio | 1.1m $57.7m | Reduced -2.9m |
| PARNASSUS INVESTMENTS, LLC 0.14% of their portfolio | 1.1m $64.3m | Reduced -41.9k |
| Dundas Partners LLP 4.59% of their portfolio | 1.1m $63.7m | Added +99.5k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 1.1m $62.4m | Added +211.9k |
| BRANDES INVESTMENT PARTNERS, LP 0.68% of their portfolio | 1.1m $60.4m | Added +16.4k |
| Amundi 0.02% of their portfolio | 1.0m $59.4m | Added +343.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 1.0m $57.9m | Reduced -5.3m |
| BOSTON FINANCIAL MANGEMENT LLC 1.67% of their portfolio | 987.8k $56.0m | Reduced -19.5k |
| Maren Capital LLC 4.54% of their portfolio | 973.2k $55.2m | Added +13.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.13% of their portfolio | 933.9k $53.0m | Reduced -25.6k |
| Swiss National Bank 0.03% of their portfolio | 911.1k $51.7m | Reduced -600 |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 904.6k $51.3m | Added +878.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 884.1k $50.2m | Reduced -155.4k |
| DANSKE BANK A/S 0.16% of their portfolio | 867.6k $49.2m | Added +18.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 845.8k $48.0m | Added +36.6k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 775.4k $44.0m | Added +39.0k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 767.8k $43.6m | Reduced -177 |
| BloombergSen Inc. 3.64% of their portfolio | 762.4k $43.3m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 753.2k $42.7m | Reduced -166.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 737.5k $41.8m | Added +17.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 662.0k $37.6m | Added +182.5k |
| Mraz, Amerine & Associates, Inc. 6.68% of their portfolio | 651.3k $36.9m | Added +6.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 626.0k $35.5m | Reduced -415.6k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 603.7k $34.2m | Reduced -32.5k |
| National Pension Service 0.03% of their portfolio | 592.0k $33.6m | Added +75.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 563.1k $31.9m | Added +36.4k |
| TD Asset Management Inc 0.03% of their portfolio | 542.9k $30.7m | Reduced -150.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.13% of their portfolio | 486.9k $27.6m | Added +37.0k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 466.8k $26.5m | Added +38.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 446.7k $25.3m | Added +56.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 431.5k $24.5m | Reduced -62.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 430.6k $24.4m | Reduced -15.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 427.3k $24.2m | Added +12.0k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.10% of their portfolio | 424.6k $24.1m | Reduced -0 |
| America First Investment Advisors, LLC 5.40% of their portfolio | 424.1k $24.1m | Reduced -2.1k |
| STANSBERRY ASSET MANAGEMENT, LLC 2.92% of their portfolio | 412.2k $23.4m | Added +824 |
| Wallington Asset Management, LLC 3.15% of their portfolio | 398.9k $22.6m | Added +11.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 384.1k $21.8m | Added +33.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 364.0k $20.7m | Reduced -1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 358.9k $20.4m | Reduced -223.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 358.6k $20.3m | Added +195.2k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 350.0k $19.9m | Reduced -136.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.08% of their portfolio | 346.4k $19.7m | New |
| Cerity Partners LLC 0.04% of their portfolio | 336.0k $19.1m | Added +22.0k |
| CWM, LLC 0.08% of their portfolio | 335.1k $19.0m | Reduced -16.2k |
| ZACKS INVESTMENT MANAGEMENT 0.16% of their portfolio | 334.1k $19.0m | New |
| CHURCHILL MANAGEMENT Corp 0.22% of their portfolio | 334.1k $19.0m | Added +3.3k |
| PhiloSmith Capital Corp 4.73% of their portfolio | 329.9k $18.7m | Reduced -0 |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 329.1k $18.7m | Added +3.5k |
| LPL Financial LLC 0.01% of their portfolio | 326.2k $18.5m | Added +32.8k |
| WINTON GROUP Ltd 1.29% of their portfolio | 325.1k $18.4m | Reduced -27.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 323.7k $18.3m | Reduced -17.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 309.2k $17.5m | Added +148.8k |
| CITIGROUP INC 0.02% of their portfolio | 303.6k $17.2m | Reduced -34.6k |
| Townsend & Associates, Inc 1.73% of their portfolio | 285.3k $16.9m | Reduced -133.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 283.6k $16.1m | Reduced -2.3k |
| STEPHENS INC /AR/ 0.23% of their portfolio | 281.7k $16.0m | Reduced -109 |
| TUDOR INVESTMENT CORP ET AL 0.17% of their portfolio | 277.2k $15.7m | Added +85.1k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 273.4k $15.5m | Reduced -12.1k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 270.3k $15.3m | Added +1.7k |
| HEARTLAND ADVISORS INC 0.80% of their portfolio | 267.6k $15.2m | Added +54.8k |
| ROYCE & ASSOCIATES LP 0.14% of their portfolio | 262.1k $14.9m | Reduced -24.5k |