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 ($14.0m this quarter). Holder counts are more reliable. Shares outstanding: 91.8m as of 2025-07-15, 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 ≈ $72.22. Options: 5 managers hold calls ($1.4m notional), 4 hold puts ($505.3k).
Trends to Q2 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 |
| Q2 2025 | 432 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 224 | 182 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.7m | $3.4m | 0.92 |
| Q4 2024 | $1.5m | $609.9k | 0.42 |
| Q1 2025 | $1.2m | $731.0k | 0.61 |
| Q2 2025 | $1.4m | $505.3k | 0.35 |
Biggest buyers
| WASATCH ADVISORS LP | New | +1.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +527.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +511.6k |
| ROYAL BANK OF CANADA | Added | +306.4k |
| T. Rowe Price Investment Management, Inc. | Added | +290.0k |
| CITADEL ADVISORS LLC | Added | +285.7k |
| JANE STREET GROUP, LLC | New | +189.4k |
| BlackRock, Inc. | Added | +159.6k |
| ARGENT CAPITAL MANAGEMENT LLC | Added | +133.0k |
| UBS Group AG | Added | +118.8k |
Biggest sellers
| NEUBERGER BERMAN GROUP LLC | Reduced | -706.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -433.2k |
| STATE STREET CORP | Reduced | -256.7k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -239.9k |
| Balyasny Asset Management L.P. | Sold out | -232.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -187.8k |
| JPMORGAN CHASE & CO | Reduced | -155.8k |
| Thrivent Financial for Lutherans | Reduced | -120.9k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -104.5k |
| SNYDER CAPITAL MANAGEMENT L P | Reduced | -98.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1m14.9k shares |
| CITADEL ADVISORS LLC | Reduced | $303.3k4.2k shares |
| GROUP ONE TRADING LLC | New | $36.1k500 shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $483.9k6.7k shares |
| GROUP ONE TRADING LLC | New | $14.4k200 shares |
| SIMPLEX TRADING, LLC | New | $7.0k100 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 9.0m $649.3m | Reduced -6.6k |
| STATE STREET CORP 0.02% of their portfolio | 8.5m $611.7m | Reduced -256.7k |
| BlackRock, Inc. 0.01% of their portfolio | 7.7m $555.3m | Added +159.6k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.99% of their portfolio | 5.8m $415.6m | Added +527.8k |
| Markel Group Inc. 1.46% of their portfolio | 2.4m $172.9m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 2.0m $147.6m | Reduced -706.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.0m $142.6m | Reduced -187.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.8m $129.2m | Reduced -72.5k |
| T. Rowe Price Investment Management, Inc. 0.08% of their portfolio | 1.8m $128.4m | Added +290.0k |
| Maren Capital LLC 6.94% of their portfolio | 1.6m $115.2m | Added +43.0k |
| Port Capital LLC 4.74% of their portfolio | 1.5m $111.5m | Added +12.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $99.5m | Reduced -23.7k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 1.4m $99.3m | Reduced -120.9k |
| Invesco Ltd. 0.02% of their portfolio | 1.3m $93.1m | Reduced -45.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.2m $88.9m | Reduced -155.8k |
| WASATCH ADVISORS LP 0.44% of their portfolio | 1.2m $84.6m | New |
| Van Berkom & Associates Inc. 2.31% of their portfolio | 1.1m $77.5m | Reduced -1.9k |
| NORGES BANK 0.01% of their portfolio | 1.0m $74.5m | Added +12.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 945.5k $68.3m | Reduced -7.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 863.0k $62.3m | Reduced -60.1k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 820.8k $59.3m | Reduced -104.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 705.3k $50.9m | Added +96.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.19% of their portfolio | 665.4k $48.1m | Reduced -77.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 651.0k $47.0m | Added +389 |
| Champlain Investment Partners, LLC 0.29% of their portfolio | 566.9k $40.9m | Reduced -38.4k |
| Global Alpha Capital Management Ltd. 2.46% of their portfolio | 546.9k $39.5m | Added +23.8k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 543.6k $39.3m | Added +511.6k |
| Polar Capital Holdings Plc 0.20% of their portfolio | 535.0k $38.6m | Added +15.0k |
| PALISADE CAPITAL MANAGEMENT, LP 1.03% of their portfolio | 501.9k $36.3m | Reduced -72.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 430.8k $31.1m | Added +50.1k |
| ProShare Advisors LLC 0.06% of their portfolio | 423.4k $30.6m | Added +125 |
| EULAV Asset Management 0.70% of their portfolio | 414.0k $29.9m | Unchanged |
| Bragg Financial Advisors, Inc 1.06% of their portfolio | 410.8k $29.7m | Added +2.4k |
| SNYDER CAPITAL MANAGEMENT L P 0.62% of their portfolio | 405.9k $29.3m | Reduced -98.0k |
| ROYCE & ASSOCIATES LP 0.29% of their portfolio | 394.5k $28.5m | Added +29.7k |
| ARGENT CAPITAL MANAGEMENT LLC 0.80% of their portfolio | 385.3k $27.8m | Added +133.0k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 377.7k $27.3m | Added +4.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 362.8k $26.2m | Added +306.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 348.3k $25.2m | Added +285.7k |
| California Public Employees Retirement System 0.02% of their portfolio | 336.9k $24.3m | Reduced -55.4k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 323.6k $23.4m | Added +107.1k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 299.7k $21.6m | Reduced -93.8k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.48% of their portfolio | 296.4k $21.4m | Reduced -730 |
| UBS Group AG 0.00% of their portfolio | 275.5k $19.9m | Added +118.8k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 272.0k $19.6m | Added +96.7k |
| Empower Advisory Group, LLC 0.06% of their portfolio | 259.4k $18.7m | Added +6.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 254.3k $18.4m | Added +3.3k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 252.0k $18.2m | Reduced -3.6k |
| Retirement Systems of Alabama 0.06% of their portfolio | 245.1k $17.7m | Added +570 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 239.6k $17.3m | Reduced -2.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 227.2k $16.4m | Reduced -433.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 227.1k $16.4m | Added +12.2k |
| Nepsis Inc. 4.45% of their portfolio | 221.5k $16.0m | Reduced -50.1k |
| Woodline Partners LP 0.08% of their portfolio | 214.4k $15.5m | Added +17.4k |
| PhiloSmith Capital Corp 4.01% of their portfolio | 199.8k $14.4m | Added +20.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 197.1k $14.2m | Added +50.9k |
| WHITTIER TRUST CO 0.17% of their portfolio | 189.5k $13.7m | Added +4.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 189.4k $13.7m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 185.1k $13.4m | Reduced -386 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 184.2k $13.3m | Added +6.7k |
| Legal & General Group Plc 0.00% of their portfolio | 174.0k $12.6m | Added +7.8k |
| ALPS ADVISORS INC 0.07% of their portfolio | 173.5k $12.5m | Reduced -1.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 164.8k $11.9m | Added +216 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 164.4k $11.9m | Reduced -24.0k |
| Swiss National Bank 0.01% of their portfolio | 157.7k $11.4m | Reduced -2.1k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 155.6k $11.2m | Reduced -2.9k |
| Prospera Financial Services Inc 0.20% of their portfolio | 151.4k $10.9m | Added +1.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 143.7k $10.4m | Added +4.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 141.8k $10.2m | Added +80.1k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 141.0k $10.2m | Added +98.0k |
| Man Group plc 0.02% of their portfolio | 138.5k $10.0m | Added +9.7k |
| LPL Financial LLC 0.00% of their portfolio | 129.1k $9.3m | Added +48.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 126.5k $9.1m | Added +45.9k |
| Nuveen, LLC 0.00% of their portfolio | 125.7k $9.1m | Reduced -44.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 111.6k $8.1m | Reduced -1.1k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.14% of their portfolio | 110.1k $7.9m | Reduced -18.7k |
| Madison Asset Management, LLC 0.08% of their portfolio | 106.1k $7.7m | Added +37.9k |
| GW&K Investment Management, LLC 0.07% of their portfolio | 104.9k $7.6m | Reduced -366 |
| ST. NICHOLAS PRIVATE ASSET MANAGEMENT, INC 6.87% of their portfolio | 102.5k $7.4m | Reduced -680 |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 102.5k $7.3m | Reduced -2.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 101.8k $7.3m | Added +815 |
| WHITTIER TRUST CO OF NEVADA INC 0.17% of their portfolio | 101.6k $7.3m | Added +3.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 98.8k $7.1m | Reduced -11.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 98.5k $7.1m | Added +90.8k |
| Erste Asset Management GmbH 0.06% of their portfolio | 98.1k $7.0m | Added +7.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 94.1k $6.8m | Added +14.2k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 91.7k $6.6m | Added +15.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 79.3k $5.7m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 75.3k $5.4m | Reduced -116 |
| Karani Asset Management LLC 5.08% of their portfolio | 72.6k $5.2m | Reduced -7.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 71.4k $5.2m | Reduced -2.0k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 70.8k $5.1m | Reduced -10.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 69.2k $5.0m | Reduced -2.7k |
| Holocene Advisors, LP 0.01% of their portfolio | 69.0k $5.0m | Added +5.3k |
| REGIONS FINANCIAL CORP 0.03% of their portfolio | 65.2k $4.7m | Added +15.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 65.1k $4.7m | Reduced -3.6k |
| NISA INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 65.1k $4.7m | Reduced -948 |
| Callan Family Office, LLC 0.15% of their portfolio | 64.9k $4.7m | Added +60.9k |
| DONALDSON CAPITAL MANAGEMENT, LLC 0.15% of their portfolio | 56.2k $4.1m | Added +4.0k |
| LRT Capital Management, LLC 2.39% of their portfolio | 55.9k $4.0m | Added +17.9k |