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 ($10.2m this quarter). Holder counts are more reliable. Shares outstanding: 91.9m as of 2026-02-13, 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 ≈ $63.98. Options: 3 managers hold calls ($358.3k notional), 3 hold puts ($364.7k).
Trends to Q4 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 |
| Q3 2025 | 433 |
| Q4 2025 | 437 |
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 2024 | 165 | 163 |
| Q2 2024 | 201 | 148 |
| Q3 2024 | 187 | 167 |
| Q4 2024 | 208 | 162 |
| Q1 2025 | 204 | 201 |
| Q2 2025 | 224 | 182 |
| Q3 2025 | 229 | 178 |
| Q4 2025 | 225 | 212 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $1.2m | $731.0k | 0.61 |
| Q2 2025 | $1.4m | $505.3k | 0.35 |
| Q3 2025 | $802.2k | $443.5k | 0.55 |
| Q4 2025 | $358.3k | $364.7k | 1.02 |
Biggest buyers
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +1.6m |
| WASATCH ADVISORS LP | Added | +765.3k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +727.7k |
| Woodline Partners LP | New | +599.7k |
| ARIEL INVESTMENTS, LLC | New | +373.2k |
| BANK OF MONTREAL /CAN/ | Added | +358.6k |
| CITADEL ADVISORS LLC | Added | +341.6k |
| VANGUARD GROUP INC | Added | +310.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +242.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +196.0k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -350.3k |
| MORGAN STANLEY | Reduced | -339.7k |
| D. E. Shaw & Co., Inc. | Reduced | -274.8k |
| ARGENT CAPITAL MANAGEMENT LLC | Reduced | -258.2k |
| Qube Research & Technologies Ltd | Sold out | -220.7k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -219.9k |
| BlackRock, Inc. | Reduced | -187.4k |
| Capitolis Liquid Global Markets LLC | Sold out | -144.6k |
| Invesco Ltd. | Reduced | -139.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $319.9k5.0k shares |
| SIMPLEX TRADING, LLC | Added | $32.0k500 shares |
| GROUP ONE TRADING LLC | Reduced | $6.4k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $345.5k5.4k shares |
| GROUP ONE TRADING LLC | New | $12.8k200 shares |
| SIMPLEX TRADING, LLC | New | $6.4k100 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 1 | $207.5k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 9.4m $604.5m | Added +310.9k |
| STATE STREET CORP 0.02% of their portfolio | 8.9m $567.8m | Added +124.7k |
| BlackRock, Inc. 0.01% of their portfolio | 8.0m $514.2m | Reduced -187.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.25% of their portfolio | 7.3m $466.7m | Added +1.6m |
| Markel Group Inc. 1.22% of their portfolio | 2.4m $153.2m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.2m $140.3m | Added +67.0k |
| WASATCH ADVISORS LP 0.74% of their portfolio | 1.9m $124.0m | Added +765.3k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.9m $121.5m | Added +112.5k |
| Maren Capital LLC 5.85% of their portfolio | 1.7m $108.8m | Added +11.9k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 1.5m $96.7m | Added +25.4k |
| Port Capital LLC 3.88% of their portfolio | 1.4m $89.9m | Reduced -132.9k |
| Van Berkom & Associates Inc. 2.34% of their portfolio | 1.3m $81.2m | Added +39.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.2m $75.8m | Reduced -1.7m |
| Invesco Ltd. 0.01% of their portfolio | 1.1m $72.4m | Reduced -139.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $71.4m | Added +71.4k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $69.3m | Reduced -339.7k |
| NORGES BANK 0.01% of their portfolio | 1.0m $67.0m | Not comparable |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 1.0m $65.4m | Reduced -103.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 863.1k $55.2m | Reduced -22.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 820.9k $52.5m | Added +191.6k |
| Bragg Financial Advisors, Inc 1.63% of their portfolio | 780.7k $49.9m | Added +34.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 739.7k $47.3m | Added +727.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 707.9k $45.3m | Added +31.8k |
| Polar Capital Holdings Plc 0.20% of their portfolio | 687.5k $44.0m | Added +152.5k |
| Gotham Asset Management, LLC 0.15% of their portfolio | 623.3k $39.9m | Added +170.8k |
| UBS Group AG 0.01% of their portfolio | 607.2k $38.8m | Added +48.6k |
| Woodline Partners LP 0.15% of their portfolio | 599.7k $38.4m | New |
| ROYCE & ASSOCIATES LP 0.38% of their portfolio | 586.4k $37.5m | Added +91.1k |
| Champlain Investment Partners, LLC 0.38% of their portfolio | 586.0k $37.5m | Reduced -47.5k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 552.2k $35.3m | Added +196.0k |
| ProShare Advisors LLC 0.06% of their portfolio | 536.4k $34.3m | Added +20.5k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 492.8k $31.5m | Added +341.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 486.9k $31.2m | Added +242.5k |
| PALISADE CAPITAL MANAGEMENT, LP 0.82% of their portfolio | 434.3k $27.8m | Reduced -52.5k |
| Global Alpha Capital Management Ltd. 1.69% of their portfolio | 433.4k $27.7m | Reduced -31.0k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 430.8k $27.6m | Reduced -15.5k |
| EULAV Asset Management 0.71% of their portfolio | 414.0k $26.5m | Unchanged |
| SNYDER CAPITAL MANAGEMENT L P 0.46% of their portfolio | 382.5k $24.5m | Reduced -17.2k |
| ARIEL INVESTMENTS, LLC 0.26% of their portfolio | 373.2k $23.9m | New |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 372.2k $23.8m | Reduced -6.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 368.4k $23.6m | Added +358.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 368.3k $23.6m | Reduced -115.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 357.4k $22.9m | Added +132.9k |
| Nepsis Inc. 5.72% of their portfolio | 289.2k $18.5m | Added +90.0k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.39% of their portfolio | 279.5k $17.9m | Added +324 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 270.6k $17.3m | Reduced -4.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 267.0k $17.1m | Reduced -21.3k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 256.2k $16.4m | Added +23.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 246.6k $15.8m | Reduced -4.0k |
| Retirement Systems of Alabama 0.05% of their portfolio | 243.2k $15.6m | Reduced -806 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 227.8k $14.6m | Added +33.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 220.2k $14.1m | Reduced -46.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 206.2k $13.2m | Reduced -15.6k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 204.2k $13.1m | Added +898 |
| PhiloSmith Capital Corp 3.52% of their portfolio | 199.8k $12.8m | Unchanged |
| WHITTIER TRUST CO 0.13% of their portfolio | 192.4k $11.7m | Reduced -430 |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 180.9k $11.6m | Added +374 |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 171.9k $11.0m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 167.2k $10.7m | Added +123.4k |
| Swiss National Bank 0.01% of their portfolio | 163.0k $10.4m | Added +2.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 158.5k $10.1m | Added +348 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 139.3k $8.9m | Reduced -31.4k |
| Legal & General Group Plc 0.00% of their portfolio | 131.2k $8.4m | Reduced -40.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 127.7k $8.2m | Added +18.1k |
| LPL Financial LLC 0.00% of their portfolio | 125.1k $8.0m | Reduced -1.6k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.27% of their portfolio | 124.0k $7.9m | Added +96.5k |
| ALPS ADVISORS INC 0.05% of their portfolio | 122.9k $7.9m | Reduced -7.0k |
| Trexquant Investment LP 0.07% of their portfolio | 122.3k $7.8m | Added +71.8k |
| Prospera Financial Services Inc 0.13% of their portfolio | 121.6k $7.8m | Reduced -30.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 116.0k $7.4m | Added +22.5k |
| ARGENT CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 112.2k $7.2m | Reduced -258.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 111.6k $7.1m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 110.1k $7.0m | Reduced -128.9k |
| Creative Planning 0.00% of their portfolio | 108.6k $6.9m | Added +49.9k |
| GW&K Investment Management, LLC 0.06% of their portfolio | 104.7k $6.7m | Reduced -99 |
| WHITTIER TRUST CO OF NEVADA INC 0.13% of their portfolio | 103.1k $6.3m | Added +1.1k |
| Man Group plc 0.01% of their portfolio | 102.6k $6.6m | Reduced -33.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 102.3k $6.5m | Added +10.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 101.7k $6.5m | Reduced -1.7k |
| ST. NICHOLAS PRIVATE ASSET MANAGEMENT, INC 5.73% of their portfolio | 99.9k $6.4m | Reduced -2.9k |
| Karani Asset Management LLC 5.52% of their portfolio | 98.4k $6.3m | Added +6.6k |
| Madison Asset Management, LLC 0.07% of their portfolio | 94.9k $6.1m | Reduced -5.5k |
| REGIONS FINANCIAL CORP 0.04% of their portfolio | 88.6k $5.7m | Reduced -47.7k |
| Quantinno Capital Management LP 0.01% of their portfolio | 86.8k $5.6m | Added +66.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 83.3k $5.3m | Reduced -49.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 79.2k $5.1m | Reduced -146 |
| CITIGROUP INC 0.00% of their portfolio | 75.7k $4.8m | Added +24.1k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 72.5k $4.6m | Reduced -1.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 70.5k $4.5m | Added +1.2k |
| Corient Private Wealth LP 0.00% of their portfolio | 69.9k $4.5m | Added +33.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 69.2k $4.4m | Reduced -6.3k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 65.6k $4.2m | Added +1.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 65.6k $4.2m | Reduced -1.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 64.7k $4.1m | Reduced -89.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 63.5k $4.1m | Added +11.0k |
| Holocene Advisors, LP 0.01% of their portfolio | 63.2k $4.0m | Reduced -23.0k |
| WEALTHEDGE INVESTMENT ADVISORS, LLC 1.48% of their portfolio | 62.7k $4.0m | Added +11.7k |
| BARCLAYS PLC 0.00% of their portfolio | 61.9k $4.0m | Reduced -93.0k |
| Callan Family Office, LLC 0.08% of their portfolio | 60.2k $3.8m | Added +529 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 59.2k $3.8m | Reduced -36.7k |