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 ($10.3m this quarter). Holder counts are more reliable. Shares outstanding: 91.8m as of 2025-02-13, 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 ≈ $164.03. Options: 3 managers hold calls ($1.5m notional), 3 hold puts ($609.9k).
Trends to Q4 2024
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 |
| Q1 2024 | 375 |
| Q2 2024 | 394 |
| Q3 2024 | 399 |
| Q4 2024 | 433 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 145 | 151 |
| Q2 2023 | 164 | 155 |
| Q3 2023 | 154 | 159 |
| Q4 2023 | 134 | 170 |
| Q1 2024 | 165 | 163 |
| Q2 2024 | 201 | 148 |
| Q3 2024 | 187 | 167 |
| Q4 2024 | 208 | 162 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $5.3m | $1.2m | 0.23 |
| Q2 2024 | $1.7m | $914.5k | 0.54 |
| Q3 2024 | $3.7m | $3.4m | 0.92 |
| Q4 2024 | $1.5m | $609.9k | 0.42 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +354.2k |
| Nepsis Inc. | Added | +172.4k |
| BlackRock, Inc. | Added | +131.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +116.1k |
| Balyasny Asset Management L.P. | Added | +85.7k |
| NORTHERN TRUST CORP | Added | +57.9k |
| VANGUARD GROUP INC | Added | +41.9k |
| NORGES BANK | Added | +37.3k |
| WINTON GROUP Ltd | New | +30.0k |
| Invesco Ltd. | Added | +29.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -759.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -107.1k |
| Point72 Asset Management, L.P. | Sold out | -94.1k |
| Qube Research & Technologies Ltd | Reduced | -90.8k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -87.9k |
| D. E. Shaw & Co., Inc. | Reduced | -80.3k |
| Thrivent Financial for Lutherans | Reduced | -79.8k |
| Susquehanna Portfolio Strategies, LLC | Reduced | -68.2k |
| Bank of New York Mellon Corp | Reduced | -56.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -38.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m6.5k shares |
| CITADEL ADVISORS LLC | Reduced | $395.6k2.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $428.6k2.6k shares |
| CITADEL ADVISORS LLC | Reduced | $181.3k1.1k 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 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.
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 2023 | 1 | $28.0k | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $618.9k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $454.0k | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 4.6m $759.6m | Added +41.9k |
| STATE STREET CORP 0.03% of their portfolio | 4.4m $724.4m | Added +1.3k |
| BlackRock, Inc. 0.01% of their portfolio | 3.8m $625.8m | Added +131.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.91% of their portfolio | 2.4m $397.1m | Reduced -28.4k |
| NEUBERGER BERMAN GROUP LLC 0.17% of their portfolio | 1.3m $219.5m | Added +19.7k |
| Markel Group Inc. 1.74% of their portfolio | 1.2m $197.3m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.0m $168.9m | Added +116.1k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 941.2k $155.1m | Added +7.6k |
| Port Capital LLC 5.77% of their portfolio | 766.7k $126.4m | Added +6.7k |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 733.9k $121.1m | Reduced -79.8k |
| Maren Capital LLC 8.82% of their portfolio | 700.6k $115.5m | Added +25.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 698.4k $115.1m | Reduced -759.4k |
| MORGAN STANLEY 0.01% of their portfolio | 687.9k $113.4m | Added +7.9k |
| Invesco Ltd. 0.02% of their portfolio | 665.4k $109.7m | Added +29.7k |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 582.1k $96.0m | Reduced -19.9k |
| Van Berkom & Associates Inc. 2.58% of their portfolio | 526.3k $86.7m | Reduced -36.2k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 490.7k $80.9m | Added +18.2k |
| NORGES BANK 0.01% of their portfolio | 488.2k $80.5m | Added +37.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 471.8k $77.8m | Added +9.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 470.2k $77.5m | Added +57.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 415.2k $68.4m | Added +354.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 342.4k $56.4m | Reduced -56.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 310.1k $51.1m | Reduced -14.4k |
| PALISADE CAPITAL MANAGEMENT, LP 1.34% of their portfolio | 303.5k $50.0m | Added +4.2k |
| Nepsis Inc. 7.87% of their portfolio | 296.5k $31.5m | Added +172.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.15% of their portfolio | 263.7k $43.5m | Added +25.8k |
| SNYDER CAPITAL MANAGEMENT L P 0.90% of their portfolio | 260.4k $42.9m | Reduced -12.0k |
| Polar Capital Holdings Plc 0.24% of their portfolio | 260.0k $42.9m | Unchanged |
| Global Alpha Capital Management Ltd. 2.75% of their portfolio | 229.7k $37.9m | Reduced -34.6k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 217.9k $35.9m | Added +12.1k |
| ProShare Advisors LLC 0.08% of their portfolio | 211.3k $34.8m | Reduced -15.7k |
| EULAV Asset Management 0.82% of their portfolio | 207.0k $34.1m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 206.7k $34.1m | Reduced -28.7k |
| California Public Employees Retirement System 0.02% of their portfolio | 202.7k $33.4m | Added +152 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 181.1k $29.9m | Added +24.5k |
| Bragg Financial Advisors, Inc 1.17% of their portfolio | 175.8k $29.0m | Added +1.1k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.59% of their portfolio | 151.7k $25.0m | Reduced -7.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 133.2k $22.0m | Reduced -1.5k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 130.1k $10.7m | Reduced -2.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 127.7k $21.1m | Reduced -5.9k |
| Empower Advisory Group, LLC 0.07% of their portfolio | 123.2k $20.3m | Added +2.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 119.4k $19.7m | Added +196 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 117.3k $19.3m | Reduced -1.2k |
| Retirement Systems of Alabama 0.07% of their portfolio | 115.7k $19.1m | Added +131 |
| ROYCE & ASSOCIATES LP 0.18% of their portfolio | 114.5k $18.9m | Reduced -9.0k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 111.9k $18.5m | Added +85.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 108.3k $17.9m | First filing |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 104.1k $17.2m | Added +4.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 101.9k $16.8m | Reduced -11.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 101.8k $16.8m | Added +1.7k |
| WHITTIER TRUST CO 0.20% of their portfolio | 90.8k $15.0m | Added +3.2k |
| UBS Group AG 0.00% of their portfolio | 90.6k $14.9m | Added +21.4k |
| PhiloSmith Capital Corp 4.20% of their portfolio | 89.9k $14.8m | Reduced -10.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 88.0k $14.5m | Added +14.6k |
| Prospera Financial Services Inc 0.33% of their portfolio | 85.4k $14.1m | Added +171 |
| EVENTIDE ASSET MANAGEMENT, LLC 0.24% of their portfolio | 81.6k $13.4m | Added +8.1k |
| Legal & General Group Plc 0.00% of their portfolio | 81.4k $13.4m | Added +367 |
| ALPS ADVISORS INC 0.08% of their portfolio | 81.1k $13.4m | Added +12.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 81.0k $13.4m | Reduced -4.7k |
| 2Xideas AG 1.79% of their portfolio | 80.9k $13.3m | Added +26.4k |
| Swiss National Bank 0.01% of their portfolio | 80.9k $13.3m | Added +600 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 80.0k $13.2m | Reduced -21.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 75.9k $12.5m | Added +13.1k |
| Gotham Asset Management, LLC 0.11% of their portfolio | 67.6k $11.1m | Added +19.6k |
| TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio | 66.2k $10.9m | Reduced -283 |
| Moran Wealth Management, LLC 0.33% of their portfolio | 62.9k $10.4m | Added +1.9k |
| NFJ INVESTMENT GROUP, LLC 0.31% of their portfolio | 58.8k $9.7m | Reduced -5.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 56.4k $9.3m | Reduced -500 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 56.2k $9.3m | Added +289 |
| Man Group plc 0.03% of their portfolio | 55.4k $9.1m | Reduced -3.3k |
| ST. NICHOLAS PRIVATE ASSET MANAGEMENT, INC 7.81% of their portfolio | 53.0k $8.7m | First filing |
| GW&K Investment Management, LLC 0.07% of their portfolio | 52.8k $8.7m | Reduced -6 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 52.8k $8.7m | Added +2.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 50.3k $8.3m | Reduced -997 |
| WHITTIER TRUST CO OF NEVADA INC 0.19% of their portfolio | 47.4k $7.8m | Added +2.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 47.3k $7.8m | Reduced -35.1k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 47.2k $7.8m | Reduced -2.0k |
| Erste Asset Management GmbH 0.09% of their portfolio | 46.5k $7.7m | Added +8.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 45.9k $7.6m | Added +2.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 43.8k $7.2m | Added +6.9k |
| Karani Asset Management LLC 6.71% of their portfolio | 43.7k $7.2m | First filing |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 41.5k $6.8m | Reduced -2.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 38.6k $6.4m | Reduced -17.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 38.5k $6.4m | Reduced -421 |
| LPL Financial LLC 0.00% of their portfolio | 37.9k $6.3m | Added +5.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 36.7k $6.0m | Reduced -159 |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 36.6k $6.0m | Added +9.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 34.9k $5.8m | Reduced -19.0k |
| NISA INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 34.6k $5.7m | Added +2.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 34.5k $5.7m | Reduced -609 |
| Allianz Asset Management GmbH 0.01% of their portfolio | 34.4k $5.7m | Reduced -1.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 33.8k $5.6m | Reduced -80.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 33.2k $5.5m | Added +223 |
| BARCLAYS PLC 0.00% of their portfolio | 32.3k $5.3m | Added +13.7k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 31.3k $5.2m | Reduced -7.1k |
| WINTON GROUP Ltd 0.33% of their portfolio | 30.0k $4.9m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 29.7k $4.9m | Reduced -7.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 28.0k $4.6m | Reduced -107.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 27.6k $4.6m | Reduced -3.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 26.2k $4.3m | Reduced -173 |