RANPAK HOLDINGS CORP PACK
COM CL A · Common Stock · CUSIP 75321W103
American paper products manufacturer
- SectorMaterials
- IndustryConverted Paper & Paperboard Prods (No Contaners/Boxes)
- HeadquartersConcord Township, OH
- Websiteranpak.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 ($2.0m this quarter). Holder counts are more reliable. Shares outstanding: 85.5m as of 2026-04-23, 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 ≈ $3.57. Options: 0 managers hold calls (— notional), 1 hold puts ($38.9k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 125 |
| Q4 2022 | 112 |
| Q1 2023 | 122 |
| Q2 2023 | 118 |
| Q3 2023 | 116 |
| Q4 2023 | 117 |
| Q1 2024 | 117 |
| Q2 2024 | 125 |
| Q3 2024 | 144 |
| Q4 2024 | 129 |
| Q1 2025 | 132 |
| Q2 2025 | 112 |
| Q3 2025 | 109 |
| Q4 2025 | 119 |
| Q1 2026 | 118 |
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 2024 | 63 | 57 |
| Q3 2024 | 79 | 52 |
| Q4 2024 | 65 | 65 |
| Q1 2025 | 63 | 65 |
| Q2 2025 | 56 | 82 |
| Q3 2025 | 57 | 56 |
| Q4 2025 | 59 | 45 |
| Q1 2026 | 60 | 59 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $72.1k | $0 | 0.00 |
| Q3 2025 | $2.3m | $2.1k | 0.00 |
| Q4 2025 | $261.3k | $0 | 0.00 |
| Q1 2026 | $0 | $38.9k | — |
Biggest buyers
| CenterBook Partners LP | Added | +1.0m |
| KENNEDY CAPITAL MANAGEMENT LLC | New | +729.2k |
| Samjo Management, LLC | Added | +677.0k |
| First Eagle Investment Management, LLC | Added | +398.8k |
| ALGERT GLOBAL LLC | Added | +305.5k |
| ROYCE & ASSOCIATES LP | Added | +241.0k |
| Simcoe Capital LLC | Added | +150.4k |
| CITADEL ADVISORS LLC | Added | +109.4k |
| DIMENSIONAL FUND ADVISORS LP | Added | +102.9k |
| SEI INVESTMENTS CO | Added | +101.8k |
Biggest sellers
| PALISADE CAPITAL MANAGEMENT, LP | Sold out | -1.0m |
| G2 Investment Partners Management LLC | Reduced | -518.6k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -409.4k |
| Bastion Asset Management Inc. | Sold out | -313.4k |
| FORMULA GROWTH LTD | Reduced | -295.0k |
| Divisadero Street Capital Management, LP | Sold out | -250.0k |
| Meros Investment Management, LP | Reduced | -128.9k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -110.1k |
| ARS Investment Partners, LLC | Sold out | -101.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Sold out | -99.1k |
Biggest calls
| None |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $38.9k10.9k 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 |
|---|---|
| JS Capital Management LLC 13D · may seek influence filed 2025-01-29 | 36.7% |
Insider purchases and sales in Q1 2026
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 2024 | 0 | — | 1 | $100.2k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| JS Capital Management LLC 100.00% of their portfolio | 30.5m $109.0m | Unchanged |
| SOROS CAPITAL MANAGEMENT LLC 7.19% of their portfolio | 4.6m $16.5m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 3.1m $11.2m | Reduced -26.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 3.0m $10.9m | Added +102.9k |
| Schusterman Interests, LLC 2.75% of their portfolio | 3.0m $10.8m | Unchanged |
| Petrus Trust Company, LTA 1.16% of their portfolio | 3.0m $10.6m | Added +100.0k |
| G2 Investment Partners Management LLC 2.48% of their portfolio | 2.8m $10.1m | Reduced -518.6k |
| ArrowMark Colorado Holdings LLC 0.20% of their portfolio | 2.1m $7.6m | Added +7.8k |
| Portolan Capital Management, LLC 0.37% of their portfolio | 1.9m $7.0m | Reduced -3.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.9m $6.9m | First filing |
| CenterBook Partners LP 0.35% of their portfolio | 1.8m $6.5m | Added +1.0m |
| ROYCE & ASSOCIATES LP 0.05% of their portfolio | 1.5m $5.4m | Added +241.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.5m $5.3m | Reduced -95.1k |
| Samjo Management, LLC 2.05% of their portfolio | 1.3m $4.8m | Added +677.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $3.9m | Added +33.8k |
| Meros Investment Management, LP 1.53% of their portfolio | 987.5k $3.5m | Reduced -128.9k |
| STATE STREET CORP 0.00% of their portfolio | 916.9k $3.3m | Reduced -95.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 828.5k $3.0m | Reduced -15.8k |
| CastleKnight Management LP 0.13% of their portfolio | 801.0k $2.9m | Added +82.1k |
| First Eagle Investment Management, LLC 0.00% of their portfolio | 788.8k $2.8m | Added +398.8k |
| UBS Group AG 0.00% of their portfolio | 779.1k $2.8m | Added +47.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 729.2k $2.6m | New |
| FORMULA GROWTH LTD 1.12% of their portfolio | 694.5k $2.5m | Reduced -295.0k |
| Ulysses Management LLC 0.93% of their portfolio | 692.3k $2.5m | Unchanged |
| Simcoe Capital LLC 2.26% of their portfolio | 688.9k $2.5m | Added +150.4k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio | 615.3k $2.2m | Reduced -110.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 558.6k $2.0m | Added +1.4k |
| Empowered Funds, LLC 0.01% of their portfolio | 482.8k $1.7m | Reduced -15.8k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.01% of their portfolio | 407.3k $1.5m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 404.5k $1.4m | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 371.0k $1.3m | Added +25.2k |
| ALGERT GLOBAL LLC 0.02% of their portfolio | 340.3k $1.2m | Added +305.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 332.1k $1.2m | Reduced -29.1k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 276.4k $986.9k | First filing |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 208.5k $744.3k | Reduced -94.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 175.8k $627.5k | Added +109.4k |
| Inspire Investing, LLC 0.03% of their portfolio | 144.0k $514.1k | Added +55.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 133.8k $477.5k | Reduced -3.1k |
| MORGAN STANLEY 0.00% of their portfolio | 130.2k $464.7k | Reduced -39.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 127.0k $453.3k | Added +91.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 120.8k $431.1k | Added +101.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 116.0k $414.2k | Added +19.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 114.9k $410.3k | Added +100.4k |
| Nuveen, LLC 0.00% of their portfolio | 105.6k $376.9k | Added +2.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 105.2k $376.0k | Added +29.9k |
| Quent Capital, LLC 0.03% of their portfolio | 101.5k $362.4k | Unchanged |
| GABELLI FUNDS LLC 0.00% of their portfolio | 101.5k $362.3k | Added +6.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 98.2k $350.6k | Added +44.9k |
| Cerity Partners LLC 0.00% of their portfolio | 88.0k $314.1k | Added +540 |
| Boston Partners 0.00% of their portfolio | 86.4k $308.5k | Reduced -3.3k |
| Invesco Ltd. 0.00% of their portfolio | 81.6k $291.3k | Added +1.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 74.1k $400.8k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 62.8k $224.3k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 59.4k $212.2k | Reduced -6.9k |
| PDT Partners, LLC 0.01% of their portfolio | 50.9k $181.6k | Reduced -611 |
| nVerses Capital, LLC 0.14% of their portfolio | 42.6k $152.0k | Added +31.8k |
| Granite Investment Partners, LLC 0.01% of their portfolio | 37.6k $134.3k | Added +9.9k |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 36.8k $131.0k | New |
| Creative Planning 0.00% of their portfolio | 32.7k $116.6k | Added +22.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 28.1k $100.5k | Added +2.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 23.8k $85.1k | Added +7.8k |
| XTX Topco Ltd 0.00% of their portfolio | 23.3k $83.1k | New |
| OLD NATIONAL BANCORP /IN/ 0.00% of their portfolio | 23.0k $82.1k | Reduced -17.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 22.3k $79.7k | Added +544 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 21.0k $72.4k | Reduced -92.4k |
| EntryPoint Capital, LLC 0.02% of their portfolio | 20.6k $73.6k | New |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 20.5k $73.1k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 18.3k $65.3k | Added +3.8k |
| BARCLAYS PLC 0.00% of their portfolio | 18.1k $64.8k | Reduced -65.5k |
| GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio | 18.0k $64.3k | Added +4.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 17.8k $63.6k | Reduced -34.8k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 17.0k $60.7k | Added +16.9k |
| Quantinno Capital Management LP 0.00% of their portfolio | 16.7k $59.6k | Reduced -23.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 15.1k $53.8k | Reduced -5.8k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 14.9k $53.0k | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 14.7k $52.6k | Reduced -931 |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 14.6k $52.2k | New |
| MQS Management LLC 0.03% of their portfolio | 13.1k $46.8k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 13.0k $46.2k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 12.3k $44.0k | Reduced -938 |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 11.8k $42.2k | Reduced -10.9k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 11.5k $40.9k | New |
| Ballast, Inc. 0.01% of their portfolio | 10.9k $39.0k | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 10.0k $35.7k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 6.4k $23.0k | Added +1.8k |
| FMR LLC 0.00% of their portfolio | 5.8k $20.7k | Reduced -10.9k |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 4.2k $15.1k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 4.1k $14.5k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.3k $11.7k | Reduced -200 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 2.5k $9.1k | Reduced -348 |
| CWM, LLC 0.00% of their portfolio | 2.4k $8.5k | Added +1.8k |
| CITIGROUP INC 0.00% of their portfolio | 2.2k $7.8k | Added +1.1k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 1.7k $6.2k | Reduced -5.2k |
| Sterling Capital Management LLC 0.00% of their portfolio | 1.6k $5.5k | Reduced -1.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 966 $3.4k | Reduced -409.4k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 946 $3.4k | Added +246 |
| FINANCIAL CONSULATE, INC 0.00% of their portfolio | 600 $2.1k | New |
| Optiver Holding B.V. 0.00% of their portfolio | 460 $1.6k | Reduced -352 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 365 $1.3k | Reduced -1.2k |
| Basecamp Wealth Advisors LLC 0.00% of their portfolio | 319 $1.1k | Reduced -149 |