RLI CORP RLI
COM · Common Stock · CUSIP 749607107
American insurance company
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersPeoria, IL
- Founded1965
- Websiterlicorp.com
- FilingsSEC EDGAR
Q4 2024 share counts are adjusted for a 2-for-1 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 ($13.2m this quarter). Holder counts are more reliable. Shares outstanding: 91.8m as of 2025-04-15, 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 ≈ $80.36. Options: 4 managers hold calls ($1.2m notional), 3 hold puts ($731.0k).
Trends to Q1 2025
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 |
| Q1 2025 | 423 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 204 | 201 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $1.7m | $914.5k | 0.54 |
| Q3 2024 | $3.7m | $3.4m | 0.92 |
| Q4 2024 | $1.5m | $609.9k | 0.42 |
| Q1 2025 | $1.2m | $731.0k | 0.61 |
Biggest buyers
| Champlain Investment Partners, LLC | New | +605.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +408.4k |
| T. Rowe Price Investment Management, Inc. | Added | +324.2k |
| FIRST TRUST ADVISORS LP | Added | +316.3k |
| ARGENT CAPITAL MANAGEMENT LLC | Added | +229.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +215.2k |
| Woodline Partners LP | New | +197.0k |
| Maren Capital LLC | Added | +150.8k |
| ROYCE & ASSOCIATES LP | Added | +135.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +112.4k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -364.6k |
| Nepsis Inc. | Reduced | -321.5k |
| VANGUARD GROUP INC | Reduced | -219.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -170.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -160.0k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -132.4k |
| Moran Wealth Management, LLC | Sold out | -125.8k |
| NFJ INVESTMENT GROUP, LLC | Sold out | -117.5k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -70.0k |
| BlackRock, Inc. | Reduced | -63.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $586.4k7.3k shares |
| CITADEL ADVISORS LLC | Added | $562.3k7.0k shares |
| SIMPLEX TRADING, LLC | New | $48.0k600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $642.6k8.0k shares |
| CITADEL ADVISORS LLC | Reduced | $88.4k1.1k 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 Q1 2025
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2025 | 5 | $950.0k | 2 | $326.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-13 | RESTREPO ROBERT P JR Director | Sold | $214.5k2.9k shares |
| 2025-03-11 | Graham Jordan W Director | Sold | $112.2k1.5k shares |
| 2025-01-29 | Duclos David B. Director | Bought | $145.0k2.0k shares |
| 2025-01-24 | Kliethermes Craig W CHIEF EXECUTIVE OFFICER | Bought | $356.8k5.0k shares |
| 2025-01-24 | Angelina Michael E Director | Bought | $159.8k2.2k shares |
| 2025-01-24 | FICK JEFFREY D CHIEF LEGAL OFFICER & CORP SEC | Bought | $144.3k2.0k shares |
| 2025-01-24 | Klobnak Jennifer L CHIEF OPERATING OFFICER | Bought | $144.2k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 9.0m $722.7m | Reduced -219.8k |
| STATE STREET CORP 0.03% of their portfolio | 8.7m $701.0m | Reduced -62.1k |
| BlackRock, Inc. 0.01% of their portfolio | 7.5m $604.9m | Reduced -63.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.03% of their portfolio | 5.2m $419.9m | Added +408.4k |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 2.8m $221.0m | Added +87.7k |
| Markel Group Inc. 1.71% of their portfolio | 2.4m $192.4m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.2m $173.7m | Added +112.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.9m $149.6m | Reduced -20.4k |
| Maren Capital LLC 8.50% of their portfolio | 1.6m $124.7m | Added +150.8k |
| Port Capital LLC 5.58% of their portfolio | 1.5m $123.1m | Reduced -1.3k |
| Thrivent Financial for Lutherans 0.27% of their portfolio | 1.5m $122.1m | Added +29.2k |
| T. Rowe Price Investment Management, Inc. 0.08% of their portfolio | 1.5m $119.6m | Added +324.2k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $112.6m | Added +25.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.4m $111.4m | Reduced -9.4k |
| Invesco Ltd. 0.02% of their portfolio | 1.3m $107.2m | Added +3.3k |
| Van Berkom & Associates Inc. 2.77% of their portfolio | 1.1m $86.4m | Added +22.8k |
| NORGES BANK 0.01% of their portfolio | 1.0m $81.9m | Added +43.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 953.1k $76.6m | Added +9.6k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 925.3k $74.3m | Reduced -56.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 923.1k $74.2m | Reduced -17.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.24% of their portfolio | 742.7k $59.7m | Added +215.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 660.5k $53.1m | Reduced -170.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 650.6k $52.3m | Reduced -34.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 609.2k $48.9m | Reduced -11.1k |
| Champlain Investment Partners, LLC 0.35% of their portfolio | 605.4k $48.6m | New |
| PALISADE CAPITAL MANAGEMENT, LP 1.33% of their portfolio | 574.8k $46.2m | Reduced -32.3k |
| Global Alpha Capital Management Ltd. 3.06% of their portfolio | 523.1k $42.0m | Added +63.8k |
| Polar Capital Holdings Plc 0.25% of their portfolio | 520.0k $41.8m | Unchanged |
| SNYDER CAPITAL MANAGEMENT L P 0.88% of their portfolio | 503.8k $40.5m | Reduced -17.0k |
| ProShare Advisors LLC 0.08% of their portfolio | 423.3k $34.0m | Added +809 |
| EULAV Asset Management 0.82% of their portfolio | 414.0k $33.3m | Unchanged |
| Bragg Financial Advisors, Inc 1.35% of their portfolio | 408.4k $32.8m | Added +56.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 393.6k $31.6m | Added +316.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 392.3k $31.5m | Reduced -13.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 380.7k $30.6m | Added +18.5k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 373.4k $29.9m | Reduced -62.4k |
| ROYCE & ASSOCIATES LP 0.32% of their portfolio | 364.8k $29.3m | Added +135.7k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.56% of their portfolio | 297.1k $23.9m | Reduced -6.3k |
| Nepsis Inc. 5.39% of their portfolio | 271.6k $21.8m | Reduced -321.5k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 255.6k $20.5m | Reduced -4.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 254.9k $20.5m | Reduced -506 |
| Empower Advisory Group, LLC 0.07% of their portfolio | 253.1k $20.3m | Added +6.7k |
| ARGENT CAPITAL MANAGEMENT LLC 0.62% of their portfolio | 252.3k $20.3m | Added +229.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 251.0k $20.2m | Added +12.2k |
| Retirement Systems of Alabama 0.08% of their portfolio | 244.5k $19.6m | Added +13.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 242.1k $19.4m | Reduced -24.3k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 232.8k $18.7m | Added +8.9k |
| Gotham Asset Management, LLC 0.15% of their portfolio | 216.5k $17.4m | Added +81.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 214.9k $17.3m | Reduced -1.7k |
| Woodline Partners LP 0.10% of their portfolio | 197.0k $15.8m | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 188.4k $15.1m | Reduced -15.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 185.5k $14.9m | Added +9.5k |
| WHITTIER TRUST CO 0.21% of their portfolio | 184.8k $14.8m | Added +3.2k |
| PhiloSmith Capital Corp 3.97% of their portfolio | 179.8k $14.4m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 177.5k $14.3m | Reduced -26.1k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 175.3k $14.1m | Added +23.6k |
| ALPS ADVISORS INC 0.08% of their portfolio | 174.7k $14.0m | Added +12.6k |
| Nuveen, LLC 0.00% of their portfolio | 170.4k $13.7m | First filing |
| Legal & General Group Plc 0.00% of their portfolio | 166.2k $13.4m | Added +3.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 164.5k $13.2m | Reduced -70.0k |
| Swiss National Bank 0.01% of their portfolio | 159.8k $12.8m | Reduced -2.0k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 158.4k $12.7m | Reduced -49.7k |
| UBS Group AG 0.00% of their portfolio | 156.7k $12.6m | Reduced -24.5k |
| Prospera Financial Services Inc 0.28% of their portfolio | 150.3k $12.1m | Reduced -20.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 146.1k $11.7m | Added +51.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 139.7k $11.2m | Added +52.2k |
| Man Group plc 0.03% of their portfolio | 128.8k $10.3m | Added +17.9k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.21% of their portfolio | 128.8k $10.3m | Reduced -34.4k |
| 2Xideas AG 1.38% of their portfolio | 113.2k $9.1m | Reduced -48.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 112.6k $9.0m | Reduced -200 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 110.5k $8.9m | Added +98.3k |
| GW&K Investment Management, LLC 0.08% of their portfolio | 105.3k $8.5m | Reduced -382 |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 104.6k $8.4m | Added +12.7k |
| ST. NICHOLAS PRIVATE ASSET MANAGEMENT, INC 7.86% of their portfolio | 103.2k $8.3m | Reduced -2.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 100.9k $8.1m | Added +406 |
| WHITTIER TRUST CO OF NEVADA INC 0.20% of their portfolio | 98.4k $7.9m | Added +3.5k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 92.2k $7.4m | Reduced -2.2k |
| Erste Asset Management GmbH 0.09% of their portfolio | 91.0k $7.3m | Reduced -2.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 88.9k $7.1m | Reduced -16.6k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 81.4k $6.5m | Added +8.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 80.6k $6.5m | Added +68.6k |
| Karani Asset Management LLC 6.84% of their portfolio | 80.4k $6.5m | Reduced -6.9k |
| LPL Financial LLC 0.00% of their portfolio | 80.3k $6.4m | Added +4.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 79.9k $6.4m | Reduced -32.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 79.3k $6.4m | Added +2.2k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 76.0k $6.1m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 75.4k $6.1m | Reduced -7.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 73.4k $5.9m | Added +63 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 71.9k $5.8m | Added +5.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 68.8k $5.5m | Reduced -318 |
| Madison Asset Management, LLC 0.06% of their portfolio | 68.3k $5.5m | Added +47.9k |
| NISA INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 66.1k $5.3m | Reduced -3.2k |
| Holocene Advisors, LP 0.02% of their portfolio | 63.7k $5.1m | Added +22.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 62.6k $5.0m | Added +3.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 61.7k $5.0m | Reduced -5.8k |
| WINTON GROUP Ltd 0.30% of their portfolio | 60.4k $4.9m | Added +502 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.08% of their portfolio | 60.2k $4.8m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 56.4k $4.5m | Added +4.0k |
| DONALDSON CAPITAL MANAGEMENT, LLC 0.16% of their portfolio | 52.2k $4.2m | Added +3.5k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.19% of their portfolio | 50.3k $4.0m | Added +43.2k |