RLI CORP RLI
COM · Common Stock · CUSIP 749607107
American insurance company
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersPeoria, IL
- Founded1965
- Websiterlicorp.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 ($6.2m this quarter). Holder counts are more reliable. Shares outstanding: 45.7m as of 2024-02-14, 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 ≈ $133.22. Options: 4 managers hold calls ($3.5m notional), 4 hold puts ($812.0k).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 316 |
| Q4 2022 | 331 |
| Q1 2023 | 319 |
| Q2 2023 | 359 |
| Q3 2023 | 357 |
| Q4 2023 | 358 |
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 | 153 | 142 |
| Q1 2023 | 145 | 151 |
| Q2 2023 | 164 | 155 |
| Q3 2023 | 154 | 159 |
| Q4 2023 | 134 | 170 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $2.6m | $1.8m | 0.70 |
| Q2 2023 | $3.8m | $1.1m | 0.29 |
| Q3 2023 | $1.9m | $2.1m | 1.08 |
| Q4 2023 | $3.5m | $812.0k | 0.23 |
Biggest buyers
| MORGAN STANLEY | Added | +1.1m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +217.4k |
| T. Rowe Price Investment Management, Inc. | New | +159.1k |
| AMERIPRISE FINANCIAL INC | Added | +124.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +98.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +80.5k |
| Nepsis Inc. | New | +70.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +61.6k |
| Van Berkom & Associates Inc. | Added | +43.6k |
Biggest sellers
| Balyasny Asset Management L.P. | Reduced | -241.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -154.1k |
| Point72 Asset Management, L.P. | Reduced | -136.8k |
| STATE STREET CORP | Reduced | -125.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -83.2k |
| SNYDER CAPITAL MANAGEMENT L P | Reduced | -71.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -67.0k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -64.8k |
| HSBC HOLDINGS PLC | Reduced | -57.2k |
| Man Group plc | Sold out | -47.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.5m18.7k shares |
| CITADEL ADVISORS LLC | Added | $878.6k6.6k shares |
| SIMPLEX TRADING, LLC | New | $133.0k1.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Twin Tree Management, LP | Unchanged | $692.2k5.2k shares |
| PEAK6 Investments LLC | Reduced | $66.6k500 shares |
| CITADEL ADVISORS LLC | Reduced | $53.2k400 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 8.9% |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 13G · institution filed 2026-02-13 | 7.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2023
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 2 | $1.4m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $28.0k | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $618.9k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 4.6m $607.7m | Reduced -45.6k |
| STATE STREET CORP 0.03% of their portfolio | 4.3m $577.7m | Reduced -125.8k |
| BlackRock Inc. 0.01% of their portfolio | 3.5m $472.1m | Added +22.6k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.82% of their portfolio | 2.4m $325.8m | Reduced -64.8k |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $301.3m | Added +1.1m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.2m $290.8m | Added +1.1m |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 1.4m $180.4m | Reduced -13.5k |
| Markel Group Inc. 1.73% of their portfolio | 1.2m $159.4m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 908.5k $120.9m | Reduced -6.1k |
| Thrivent Financial for Lutherans 0.24% of their portfolio | 829.4k $110.4m | Reduced -29.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 768.0k $102.6m | Reduced -67.0k |
| Port Capital LLC 5.36% of their portfolio | 722.4k $96.2m | Added +2.8k |
| Invesco Ltd. 0.02% of their portfolio | 672.9k $89.6m | Reduced -7.5k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 643.0k $85.6m | Reduced -83.2k |
| Van Berkom & Associates Inc. 2.21% of their portfolio | 570.3k $75.9m | Added +43.6k |
| Maren Capital LLC 8.60% of their portfolio | 504.4k $67.1m | First filing |
| Bank of New York Mellon Corp 0.01% of their portfolio | 442.6k $58.9m | Added +34.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 411.8k $54.8m | Added +11.3k |
| NORGES BANK 0.01% of their portfolio | 395.1k $52.6m | Reduced -23.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 389.0k $51.8m | Reduced -6.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 369.4k $49.2m | Reduced -2.5k |
| PALISADE CAPITAL MANAGEMENT, LP 1.16% of their portfolio | 327.4k $43.6m | Reduced -16.5k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 308.3k $41.0m | Reduced -12.2k |
| SNYDER CAPITAL MANAGEMENT L P 0.98% of their portfolio | 299.7k $43.3m | Reduced -71.2k |
| Polar Capital Holdings Plc 0.21% of their portfolio | 260.0k $34.6m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 231.9k $30.9m | Added +217.4k |
| Global Alpha Capital Management Ltd. 2.48% of their portfolio | 231.4k $30.8m | Added +20.1k |
| ProShare Advisors LLC 0.09% of their portfolio | 217.3k $28.9m | Reduced -36.6k |
| California Public Employees Retirement System 0.02% of their portfolio | 212.1k $28.2m | Reduced -1.0k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 209.9k $27.9m | Added +4.6k |
| EULAV Asset Management 0.85% of their portfolio | 207.0k $27.6m | Added +6 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 203.0k $27.0m | Added +80.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 196.1k $26.1m | Added +124.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 195.0k $26.0m | Reduced -57.2k |
| ROYCE & ASSOCIATES LP 0.23% of their portfolio | 185.3k $24.7m | Added +28.5k |
| Bragg Financial Advisors, Inc 1.10% of their portfolio | 173.6k $23.1m | Added +417 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 168.2k $22.4m | Added +5.1k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 159.1k $21.2m | New |
| Susquehanna Portfolio Strategies, LLC 0.37% of their portfolio | 154.7k $20.6m | First filing |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.54% of their portfolio | 148.0k $19.7m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 146.8k $19.5m | Reduced -14.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 145.4k $19.4m | Added +3.3k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 135.9k $18.1m | Reduced -241.5k |
| NATIXIS ADVISORS, LLC 0.05% of their portfolio | 132.7k $17.7m | Reduced -4.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 128.0k $17.0m | Reduced -2.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 127.7k $17.0m | Added +2.8k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 124.3k $16.5m | Reduced -6.8k |
| Empower Advisory Group, LLC 0.06% of their portfolio | 121.3k $16.1m | Added +2.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 119.4k $15.9m | Added +38.6k |
| Retirement Systems of Alabama 0.06% of their portfolio | 111.9k $14.9m | Added +19.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 108.9k $14.5m | Added +98.9k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 101.4k $13.5m | Reduced -1.6k |
| Legal & General Group Plc 0.00% of their portfolio | 96.7k $12.9m | Reduced -1.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 91.8k $12.2m | Reduced -11.0k |
| PhiloSmith Capital Corp 3.86% of their portfolio | 90.1k $12.0m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 83.4k $11.1m | Reduced -2.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 81.4k $10.8m | Added +5.2k |
| Swiss National Bank 0.01% of their portfolio | 80.9k $10.8m | Reduced -9.3k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 77.1k $10.3m | Added +7.0k |
| WHITTIER TRUST CO 0.17% of their portfolio | 76.5k $10.2m | Added +2.1k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 76.1k $10.1m | Reduced -13.0k |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 75.4k $10.0m | Reduced -24.4k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 71.3k $9.5m | Reduced -3.8k |
| Nepsis Inc. 2.68% of their portfolio | 70.8k $9.4m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 61.6k $8.2m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 61.2k $8.2m | Reduced -4.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 59.0k $7.9m | Unchanged |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 57.2k $7.6m | Reduced -136.8k |
| Moran Wealth Management, LLC 0.26% of their portfolio | 55.6k $7.4m | Reduced -353 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 54.3k $7.2m | Reduced -2.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 52.1k $6.9m | Added +1.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 50.6k $6.7m | Reduced -3.0k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 48.1k $6.4m | Reduced -17.3k |
| Verition Fund Management LLC 0.06% of their portfolio | 47.7k $6.3m | Added +33.5k |
| LPL Financial LLC 0.00% of their portfolio | 45.7k $6.1m | Added +1.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 43.5k $5.8m | Added +11.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 43.3k $5.8m | Reduced -1.9k |
| ALPS ADVISORS INC 0.04% of their portfolio | 42.2k $5.6m | Added +6.0k |
| WHITTIER TRUST CO OF NEVADA INC 0.17% of their portfolio | 40.0k $5.3m | Added +1.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 39.5k $5.3m | Added +11.6k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 37.7k $5.0m | Reduced -908 |
| NISA INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 36.5k $4.9m | Added +3.5k |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 35.8k $4.8m | Added +13.9k |
| GW&K Investment Management, LLC 0.04% of their portfolio | 35.7k $4.8m | Added +57 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 35.4k $4.7m | Added +84 |
| BARCLAYS PLC 0.00% of their portfolio | 34.9k $4.6m | Added +15.5k |
| LRT Capital Management, LLC 4.36% of their portfolio | 34.7k $4.6m | Reduced -30.0k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio | 34.7k $4.6m | Added +607 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 34.4k $4.6m | Reduced -921 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 34.3k $4.6m | Reduced -6.6k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 32.2k $4.3m | Reduced -1.0k |
| Vident Advisory, LLC 0.10% of their portfolio | 29.4k $3.9m | Added +3.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 28.6k $3.8m | Added +14.5k |
| EAGLE ASSET MANAGEMENT INC 0.02% of their portfolio | 27.9k $3.7m | Reduced -28.3k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 27.8k $3.7m | Added +2.0k |
| REGIONS FINANCIAL CORP 0.03% of their portfolio | 26.6k $3.5m | Reduced -972 |
| AMALGAMATED BANK 0.03% of their portfolio | 26.1k $3.5m | Reduced -1.5k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 25.7k $3.4m | Reduced -6.1k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 25.5k $3.4m | Added +65 |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 25.4k $3.4m | Added +1.0k |