Vault-13

PROASSURANCE CORP PRA

COM · Common Stock · CUSIP 74267C106 · ISIN US74267C1062

160 institutional holders +8 vs Q3 2023
44,344,63544.3m shares reported held*
$611.5mreported value*
22 new 46 added 55 reduced 18 sold out net bought ≈ $15.4m (+1.1m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $13.79. Options: 4 managers hold calls ($627.0k notional), 4 hold puts ($2.6m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 172Q4 22: 169Q1 23: 157Q2 23: 154Q3 23: 152Q4 23: 160160Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022172
Q4 2022169
Q1 2023157
Q2 2023154
Q3 2023152
Q4 2023160

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 88 bought or addedQ4 22: 72 cut or sold outQ4 22Q1 23: 74 bought or addedQ1 23: 76 cut or sold outQ1 23Q2 23: 63 bought or addedQ2 23: 81 cut or sold outQ2 23Q3 23: 54 bought or addedQ3 23: 84 cut or sold outQ3 23Q4 23: 68 bought or addedQ4 23: 73 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228872
Q1 20237476
Q2 20236381
Q3 20235484
Q4 20236873

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ1 23 calls: $118.3kQ1 23 puts: $22.2kQ1 23P/C 0.19Q2 23 calls: $348.5kQ2 23 puts: $238.4kQ2 23P/C 0.68Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $627.0kQ4 23 puts: $2.6mQ4 23P/C 4.22
Numbers
QuarterCallsPutsP/C
Q1 2023$118.3k$22.2k0.19
Q2 2023$348.5k$238.4k0.68
Q3 2023$0$0—
Q4 2023$627.0k$2.6m4.22

Biggest buyers

MORGAN STANLEY Added +529,161+529.2k
Invesco Ltd. Added +205,098+205.1k
JPMORGAN CHASE & CO Added +189,917+189.9k
T. Rowe Price Investment Management, Inc. Added +179,814+179.8k
Assenagon Asset Management S.A. New +172,832+172.8k
DIMENSIONAL FUND ADVISORS LP Added +168,634+168.6k
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Added +106,120+106.1k
CAXTON ASSOCIATES LP New +102,048+102.0k
ROYCE & ASSOCIATES LP Added +100,000+100.0k
GOLDMAN SACHS GROUP INC Added +99,872+99.9k

Biggest sellers

NORGES BANK Reduced -239,055-239.1k
TimesSquare Capital Management, LLC Reduced -217,890-217.9k
Brandywine Global Investment Management, LLC Sold out -158,200-158.2k
SEI INVESTMENTS CO Reduced -110,692-110.7k
Allspring Global Investments Holdings, LLC Reduced -110,615-110.6k
BlackRock Inc. Reduced -110,025-110.0k
HRT FINANCIAL LP Sold out -76,688-76.7k
Bank of New York Mellon Corp Reduced -72,133-72.1k
VANGUARD GROUP INC Reduced -69,761-69.8k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -66,959-67.0k

Biggest calls

CITADEL ADVISORS LLC New $468.9k34.0k shares
GROUP ONE TRADING LLC New $84.1k6.1k shares
SIMPLEX TRADING, LLC New $74.0k5.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC New $1.8m129.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $553.0k40.1k shares
SIMPLEX TRADING, LLC New $308.0k22.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

HolderStakeChangeShares Last filed
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.4% new 2.8m 2026-04-29
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.1% new 2.6m 2026-04-30

Fell to 5% or below in the last year: Magnetar Financial LLC (0.0%, 2026-06-30), DIMENSIONAL FUND ADVISORS LP (2.8%, 2026-04-09), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), ALLIANCEBERNSTEIN L.P. (3.7%, 2026-02-17)

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.00% of their portfolio New York, NY 7,468,4397.5m $103.0m $103.0m 0.00% Reduced -110.0k -110,025
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,836,2555.8m $80.5m $80.5m 0.00% Reduced -69.8k -69,761
3 T. Rowe Price Investment Management, Inc. 0.04% of their portfolio BALTIMORE, MD 4,156,9604.2m $57.3m $57.3m 0.04% Added +179.8k +179,814
4 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 2,838,9382.8m $39.1m $39.1m 0.01% Added +168.6k +168,634
5 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 2,777,8822.8m $38.3m $38.3m 0.01% Reduced -541 -541
6 Polar Capital Holdings Plc 0.18% of their portfolio London, X0 2,162,5002.2m $29.8m $29.8m 0.18% Unchanged
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,990,5562.0m $27.4m $27.4m 0.00% Added +21.1k +21,064
8 TimesSquare Capital Management, LLC 0.27% of their portfolio NEW YORK, NY 1,350,9701.4m $18.6m $18.6m 0.27% Reduced -217.9k -217,890
9 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 1,334,0021.3m $18.4m $18.4m 0.03% Reduced -110.6k -110,615
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,244,6901.2m $17.2m $17.2m 0.00% Added +529.2k +529,161
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,107,5461.1m $15.3m $15.3m 0.00% Added +14.7k +14,714
12 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 892,864892.9k $12.3m $12.3m 0.00% Reduced -644 -644
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 850,529850.5k $11.7m $11.7m 0.00% Added +27.0k +26,955
14 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 745,700745.7k $10.3m $10.3m 0.02% Added +68.0k +68,000
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 639,725639.7k $8.8m $8.8m 0.00% Added +205.1k +205,098
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 563,517563.5k $7.8m $7.8m 0.00% Reduced -40.0k -39,961
17 JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio FLORHAM PARK, NJ 546,160546.2k $7.5m $7.5m 0.04% Reduced -2.4k -2,365
18 THIRD AVENUE MANAGEMENT LLC 1.00% of their portfolio NEW YORK, NY 443,619443.6k $6.1m $6.1m 1.00% Unchanged
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 419,819419.8k $5.8m $5.8m 0.00% Reduced -72.1k -72,133
20 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 415,700415.7k $5.7m $5.7m 0.02% Added +106.1k +106,120
21 Smith, Graham & Co., Investment Advisors, LP 0.57% of their portfolio Houston, TX 356,919356.9k $4.9m $4.9m 0.57% Added +22.1k +22,121
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 307,482307.5k $4.2m $4.2m 0.00% Added +189.9k +189,917
23 ROYCE & ASSOCIATES LP 0.04% of their portfolio New York, NY 298,749298.7k $4.1m $4.1m 0.04% Added +100.0k +100,000
24 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 280,563280.6k $3.9m $3.9m 0.00% Added +16.7k +16,690
25 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 265,786265.8k $3.7m $3.7m 0.00% Reduced -15.1k -15,112
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 258,678258.7k $3.6m $3.6m 0.00% Added +99.9k +99,872
27 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 211,891211.9k $2.9m $2.9m 0.00% Reduced -53.8k -53,816
28 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 195,508195.5k $2.7m $2.7m 0.01% Added +54.4k +54,356
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 190,285190.3k $2.6m $2.6m 0.00% Added +2.2k +2,228
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 179,206179.2k $2.5m $2.5m 0.00% Added +14.7k +14,690
31 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 172,832172.8k $2.4m $2.4m 0.01% New
32 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 167,404167.4k $2.3m $2.3m 0.00% Reduced -4.2k -4,246
33 Legal & General Group Plc 0.00% of their portfolio London, X0 139,963140.0k $1.9m $1.9m 0.00% Reduced -3.8k -3,793
34 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 136,200136.2k $1.9m $1.9m 0.00% Added +19.0k +19,000
35 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 135,784135.8k $1.9m $1.9m 0.00% Added +54.5k +54,550
36 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 111,309111.3k $1.5m $1.5m 0.00% Added +21.0k +21,025
37 Public Sector Pension Investment Board 0.01% of their portfolio MONTREAL, A8 105,766105.8k $1.5m $1.5m 0.01% Added +41.4k +41,414
38 Swiss National Bank 0.00% of their portfolio ZURICH, V8 102,600102.6k $1.4m $1.4m 0.00% Reduced -16.1k -16,100
39 CAXTON ASSOCIATES LP 0.07% of their portfolio NEW YORK, NY 102,048102.0k $1.4m $1.4m 0.07% New
40 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 97,62497.6k $1.3m $1.3m 0.00% Added +5.5k +5,494
41 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio ALBANY, NY 96,99397.0k $1.3m $1.3m 0.00% Reduced -300 -300
42 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 93,93693.9k $1.3m $1.3m 0.00% Reduced -31.6k -31,574
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 82,69382.7k $1.1m $1.1m 0.00% Added +54.5k +54,509
44 CenterBook Partners LP 0.13% of their portfolio GREENWICH, CT 80,02180.0k $1.1m $1.1m 0.13% Added +65.6k +65,621
45 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 75,38175.4k $1.0m $1.0m 0.00% Reduced -1.5k -1,525
46 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 74,65274.7k $1.0m $1.0m 0.00% Added +13.1k +13,108
47 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 73,65273.7k $1.0m $1.0m 0.00% Reduced -8.0k -8,000
48 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 73,15773.2k $1.0m $1.0m 0.00% Added +52.5k +52,463
49 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 71,01071.0k $979.2k $979.2k 0.00% Unchanged
50 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 65,93965.9k $909.3k $909.3k 0.00% Added +907 +907
51 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 58,65358.7k $808.8k $808.8k 0.00% Reduced -2.4k -2,389
52 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 54,94554.9k $757.7k $757.7k 0.00% Reduced -4.7k -4,728
53 272 Capital LP 0.25% of their portfolio DALLAS, TX 54,42054.4k $749.3k $749.3k 0.25% New
54 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 53,97454.0k $744.3k $744.3k 0.00% Added +11.3k +11,264
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 53,61153.6k $739.3k $739.3k 0.00% Added +34.1k +34,128
56 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 45,41745.4k $626.0k $626.0k 0.00% Reduced -2.2k -2,212
57 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 44,03644.0k $607.3k $607.3k 0.00% Added +2.3k +2,252
58 TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio AUSTIN, TX 44,01044.0k $606.9k $606.9k 0.01% Reduced -188 -188
59 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 43,91843.9k $605.6k $605.6k 0.00% Reduced -21 -21
60 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 42,70442.7k $589.0k $589.0k 0.00% Added +1.2k +1,182
61 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 41,86741.9k $576.0k $576.0k 0.00% Reduced -5.1k -5,091
62 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 38,79238.8k $534.9k $534.9k 0.00% Reduced -110.7k -110,692
63 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 36,87336.9k $508.5k $508.5k 0.00% Reduced -459 -459
64 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 35,68135.7k $492.0k $492.0k 0.00% Reduced -370 -370
65 Shay Capital LLC 0.19% of their portfolio NEW YORK, NY 35,00035.0k $482.6k $482.6k 0.19% Unchanged
66 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 34,43034.4k $474.8k $474.8k 0.00% Added +2.6k +2,600
67 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 34,12334.1k $470.6k $470.6k 0.01% Added +7.9k +7,924
68 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 33,76433.8k $465.6k $465.6k 0.00% Added +5.5k +5,507
69 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 31,99032.0k $441.1k $441.1k 0.00% Reduced -18.9k -18,881
70 State of Alaska, Department of Revenue 0.01% of their portfolio JUNEAU, AK 31,35731.4k $432.0k $432.0k 0.01% Reduced -1.1k -1,060
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 31,08231.1k $428.6k $428.6k 0.00% Added +10.0k +9,985
72 Illinois Municipal Retirement Fund 0.01% of their portfolio OAK BROOK, IL 30,38530.4k $419.0k $419.0k 0.01% Reduced -494 -494
73 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 29,68729.7k $409.4k $409.4k 0.00% Reduced -588 -588
74 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 29,31729.3k $404.3k $404.3k 0.02% Unchanged
75 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,18129.2k $402.4k $402.4k 0.00% Reduced -15.5k -15,473
76 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 28,63428.6k $394.9k $394.9k 0.01% New
77 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 28,31228.3k $390.4k $390.4k 0.00% Reduced -1.2k -1,239
78 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 27,80327.8k $383.4k $383.4k 0.04% Added +11.6k +11,592
79 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 27,35327.4k $377.2k $377.2k 0.00% Added +2.4k +2,421
80 MITCHELL MCLEOD PUGH & WILLIAMS INC 0.10% of their portfolio MOBILE, AL 27,29327.3k $376.4k $376.4k 0.10% Unchanged
81 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 26,32926.3k $363.1k $363.1k 0.00% Reduced -3.0k -3,013
82 NORGES BANK 0.00% of their portfolio OSLO, Q8 25,64325.6k $353.6k $353.6k 0.00% Reduced -239.1k -239,055
83 Louisiana State Employees Retirement System 0.01% of their portfolio BATON ROUGE, LA 25,50025.5k $351.6k $351.6k 0.01% Reduced -1.0k -1,000
84 YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BLOOMFIELD HILLS, MI 25,36325.4k $349.8k $349.8k 0.00% Reduced -450 -450
85 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 23,68723.7k $326.4k $326.4k 0.00% Reduced -41 -41
86 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 23,60023.6k $325.4k $325.4k 0.00% Added +1.3k +1,261
87 COMERICA BANK 0.00% of their portfolio DALLAS, TX 23,37323.4k $322.3k $322.3k 0.00% Reduced -413 -413
88 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 23,09023.1k $318.4k $318.4k 0.00% Unchanged
89 Quantbot Technologies LP 0.02% of their portfolio NEW YORK, NY 22,61222.6k $311.8k $311.8k 0.02% New
90 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 21,70721.7k $298.0k $298.0k 0.00% Added +9.2k +9,234
91 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 21,33021.3k $294.1k $294.1k 0.00% Reduced -651 -651
92 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 21,23021.2k $292.8k $292.8k 0.00% Added +21.1k +21,141
93 Bridgeworth, LLC 0.03% of their portfolio BIRMINGHAM, AL 20,88420.9k $288.0k $288.0k 0.03% Reduced -1 -1
94 Aristides Capital LLC 0.13% of their portfolio LOUISVILLE, KY 18,55518.6k $255.9k $255.9k 0.13% New
95 Maryland State Retirement & Pension System 0.01% of their portfolio BALTIMORE, MD 18,52418.5k $255.4k $255.4k 0.01% Reduced -653 -653
96 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 18,42318.4k $254.0k $254.0k 0.00% Reduced -2.0k -2,025
97 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 18,33718.3k $252.9k $252.9k 0.00% Unchanged
98 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 18,11418.1k $249.8k $249.8k 0.01% New
99 Minerva Advisors LLC 0.15% of their portfolio BALA CYNWYD, PA 17,23417.2k $237.7k $237.7k 0.15% Unchanged
100 PRAXIS INVESTMENT MANAGEMENT INC 0.02% of their portfolio GOSHEN, IN 17,11017.1k $236.0k $236.0k 0.02% Added +3.0k +3,000