RAYONIER ADVANCED MATLS INC RYAM
COM · Common Stock · CUSIP 75508B104 · ISIN US75508B1044
American chemical company
- SectorMaterials
- IndustryPulp Mills
- HeadquartersJacksonville, FL
- Founded2014
- Websiterayonieram.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 ($5.1m this quarter). Holder counts are more reliable. Shares outstanding: 67.0m as of 2026-03-03, 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 ≈ $11.05. Options: 9 managers hold calls ($17.7m notional), 7 hold puts ($16.8m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 141 |
| Q4 2022 | 170 |
| Q1 2023 | 180 |
| Q2 2023 | 165 |
| Q3 2023 | 142 |
| Q4 2023 | 149 |
| Q1 2024 | 144 |
| Q2 2024 | 155 |
| Q3 2024 | 181 |
| Q4 2024 | 194 |
| Q1 2025 | 182 |
| Q2 2025 | 158 |
| Q3 2025 | 153 |
| Q4 2025 | 158 |
| Q1 2026 | 171 |
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 | 83 | 63 |
| Q3 2024 | 100 | 60 |
| Q4 2024 | 92 | 83 |
| Q1 2025 | 90 | 84 |
| Q2 2025 | 63 | 105 |
| Q3 2025 | 70 | 85 |
| Q4 2025 | 71 | 69 |
| Q1 2026 | 79 | 74 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.1m | $2.5m | 2.28 |
| Q3 2025 | $2.9m | $14.2m | 4.95 |
| Q4 2025 | $9.2m | $12.4m | 1.34 |
| Q1 2026 | $17.7m | $16.8m | 0.95 |
Biggest buyers
| Maple Rock Capital Partners Inc. | New | +3.3m |
| AIP, LLC | Added | +3.1m |
| Irenic Capital Management LP | New | +1.4m |
| SaddleRock Capital Management LLC | New | +512.5k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC | New | +494.8k |
| Soviero Asset Management, LP | New | +480.0k |
| Park West Asset Management LLC | New | +442.0k |
| MORGAN STANLEY | Added | +423.2k |
| UBS Group AG | Added | +401.9k |
| JANE STREET GROUP, LLC | Added | +389.0k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -935.1k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -319.1k |
| K2 PRINCIPAL FUND, L.P. | Reduced | -282.2k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -260.8k |
| SIMPLEX TRADING, LLC | Sold out | -226.7k |
| GSA CAPITAL PARTNERS LLP | Reduced | -221.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -213.3k |
| Nantahala Capital Management, LLC | Reduced | -200.0k |
| Russell Investments Group, Ltd. | Reduced | -170.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -169.6k |
Biggest calls
| K2 PRINCIPAL FUND, L.P. | Added | $9.4m845.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.4m217.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m188.8k shares |
| SaddleRock Capital Management LLC | New | $1.0m91.7k shares |
| CITADEL ADVISORS LLC | Reduced | $791.5k71.5k shares |
| IMC-Chicago, LLC | Reduced | $791.5k71.5k shares |
| JANE STREET GROUP, LLC | Reduced | $746.1k67.4k shares |
| GROUP ONE TRADING LLC | Reduced | $305.5k27.6k shares |
| Walleye Trading LLC | Reduced | $186.0k16.8k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $10.0m905.5k shares |
| CITADEL ADVISORS LLC | Reduced | $2.9m265.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0m176.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $763.8k69.0k shares |
| Walleye Trading LLC | Added | $588.9k53.2k shares |
| GROUP ONE TRADING LLC | Reduced | $266.8k24.1k shares |
| IMC-Chicago, LLC | Reduced | $230.3k20.8k 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 2025-04-17 | 7.1% |
AIPCF VIII (Cayman), Ltd.
13D · may seek influence
no change · filed 2026-07-15
Stated purposeItem 4 of the Initial Statement is hereby amended and restated as follows: On April 20, 2026, the Issuer announced that it is engaged in a formal process to explore strategic alternatives to maximize shareholder value. In connection therewith, the Reporting Persons entered into a standard confidentiality agreement with the Issuer, which includes customary "standstill" and other customary non-disclosure and non-use provisions. In this regard, if the Reporting Persons (or any of their affiliates) are invited to further participate in the strategic review process by the Issuer or the Board of Directors of the Issuer (the "Board") (or any committee thereof) or any of their respective representatives or advisors, the Reporting Persons expect that they (or one or more of their affiliates) are… Full filing |
5.0% |
Fell to 5% or below in the last year: DIMENSIONAL FUND ADVISORS LP (4.9%, 2026-07-14), VANGUARD GROUP INC (0.0%, 2026-03-27)
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 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $100.5k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $250.0k | 0 | — | — |
| Q3 2025 | 1 | $252.1k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Condire Management, LP 6.80% of their portfolio | 6.4m $70.4m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 4.7m $51.8m | Reduced -134.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 3.5m $38.7m | Added +6.1k |
| AIP, LLC 14.03% of their portfolio | 3.4m $37.6m | Added +3.1m |
| Maple Rock Capital Partners Inc. 1.17% of their portfolio | 3.3m $36.1m | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.8m $30.9m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 2.5m $27.7m | Reduced -260.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 1.6m $18.0m | Reduced -213.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.6m $17.7m | Reduced -87.4k |
| Nantahala Capital Management, LLC 1.11% of their portfolio | 1.6m $17.7m | Reduced -200.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $17.7m | Added +48.8k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.6m $17.6m | Added +55.7k |
| STATE STREET CORP 0.00% of their portfolio | 1.4m $15.0m | Reduced -33.0k |
| Irenic Capital Management LP 1.36% of their portfolio | 1.4m $15.0m | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $13.5m | Added +423.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $11.7m | Added +140.6k |
| UBS Group AG 0.00% of their portfolio | 774.8k $8.6m | Added +401.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.16% of their portfolio | 703.5k $7.8m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 635.7k $7.0m | Added +389.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 529.3k $5.9m | Added +28.2k |
| SaddleRock Capital Management LLC 6.05% of their portfolio | 512.5k $5.7m | New |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 0.26% of their portfolio | 494.8k $5.5m | New |
| Soviero Asset Management, LP 2.98% of their portfolio | 480.0k $5.3m | New |
| Park West Asset Management LLC 0.43% of their portfolio | 442.0k $4.9m | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 437.0k $4.8m | First filing |
| Empowered Funds, LLC 0.03% of their portfolio | 432.5k $4.8m | Unchanged |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 422.9k $4.7m | Added +92.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 401.5k $4.4m | Reduced -319.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 383.0k $4.2m | Added +2.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 371.8k $4.1m | First filing |
| K2 PRINCIPAL FUND, L.P. 0.37% of their portfolio | 320.4k $3.5m | Reduced -282.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 297.7k $3.3m | Added +52.4k |
| Invesco Ltd. 0.00% of their portfolio | 277.8k $3.1m | Added +137.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 222.3k $2.5m | Reduced -170.4k |
| SummitTX Capital, L.P. 0.07% of their portfolio | 211.5k $2.3m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 200.4k $2.2m | Reduced -55.5k |
| DDD Partners, LLC 0.15% of their portfolio | 200.0k $2.2m | Unchanged |
| Beartown Capital Management, LLC 1.75% of their portfolio | 200.0k $2.2m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 195.9k $2.2m | Reduced -105.7k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 194.2k $2.1m | New |
| Susquehanna Portfolio Strategies, LLC 0.03% of their portfolio | 166.5k $1.8m | Added +500 |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 163.1k $1.8m | Reduced -139.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 159.4k $1.8m | Added +7.5k |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 156.1k $1.7m | New |
| Creek Drive Management Group LLC 1.02% of their portfolio | 147.5k $1.6m | New |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 145.8k $1.6m | Added +13.9k |
| Wellspring Financial Advisors, LLC 0.12% of their portfolio | 139.9k $1.5m | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 135.3k $1.5m | Reduced -56.0k |
| Nuveen, LLC 0.00% of their portfolio | 131.6k $1.5m | Reduced -5.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 129.2k $1.4m | New |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 121.2k $1.3m | Reduced -221.0k |
| Waverly Advisors, LLC 0.01% of their portfolio | 117.3k $1.3m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 111.9k $1.2m | Reduced -50.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 108.2k $1.2m | New |
| GRACE & WHITE INC /NY 0.20% of their portfolio | 100.9k $1.1m | Reduced -41.5k |
| JB CAPITAL PARTNERS LP 0.19% of their portfolio | 100.0k $1.1m | Unchanged |
| Ridgepath Capital Management LLC 0.53% of their portfolio | 95.6k $1.1m | Reduced -15.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 94.3k $1.0m | Reduced -935.1k |
| Quantinno Capital Management LP 0.00% of their portfolio | 89.2k $987.6k | Added +8.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 85.1k $942.1k | Reduced -12.0k |
| Cinctive Capital Management LP 0.06% of their portfolio | 84.8k $939.2k | Added +53.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 83.4k $922.8k | Reduced -1.4k |
| Numerai GP LLC 0.09% of their portfolio | 82.3k $910.8k | Added +11.3k |
| Walleye Trading LLC 0.02% of their portfolio | 81.6k $903.1k | Added +57.9k |
| Trexquant Investment LP 0.01% of their portfolio | 78.2k $865.8k | New |
| CAXTON ASSOCIATES LLP 0.02% of their portfolio | 72.2k $798.8k | Added +45.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 69.0k $763.4k | Reduced -5.1k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 68.5k $758.3k | Reduced -26.0k |
| XTX Topco Ltd 0.01% of their portfolio | 65.4k $724.5k | Added +41.5k |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.01% of their portfolio | 63.6k $703.6k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 62.8k $370.1k | Reduced -7.3k |
| Walnut Level Capital LLC 0.76% of their portfolio | 60.5k $670.0k | New |
| Next Capital Management LLC 0.17% of their portfolio | 51.4k $569.2k | Reduced -30.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 49.5k $548.0k | Added +10.4k |
| HRT FINANCIAL LP 0.00% of their portfolio | 48.0k $531.0k | New |
| J. L. Bainbridge & Co., Inc. 0.05% of their portfolio | 45.2k $500.1k | Unchanged |
| WINTON GROUP Ltd 0.02% of their portfolio | 44.1k $488.2k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 41.8k $462.6k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 35.0k $387.7k | Added +7.4k |
| Zuckerman Investment Group, LLC 0.04% of their portfolio | 34.2k $378.1k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 33.5k $370.8k | Reduced -19.8k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 31.4k $347.3k | Reduced -58.5k |
| Quantbot Technologies LP 0.01% of their portfolio | 31.0k $343.1k | Added +8.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 30.7k $340.0k | Added +745 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 28.1k $311.5k | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 27.5k $304.2k | Added +12.7k |
| Covestor Ltd 0.20% of their portfolio | 26.4k $293.0k | Added +14.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 26.2k $289.8k | Unchanged |
| Boston Partners 0.00% of their portfolio | 25.6k $283.4k | Reduced -34.3k |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 25.4k $281.6k | Reduced -29.1k |
| BANK OF NOVA SCOTIA 0.00% of their portfolio | 25.0k $276.8k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 24.7k $273.9k | Reduced -47.8k |
| Inscription Capital, LLC 0.03% of their portfolio | 23.2k $257.4k | Unchanged |
| Jump Financial, LLC 0.00% of their portfolio | 22.3k $246.9k | Reduced -113.9k |
| &PARTNERS 0.00% of their portfolio | 22.1k $244.6k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 20.5k $226.6k | Added +12.2k |
| CALDWELL SUTTER CAPITAL, INC. 0.09% of their portfolio | 20.0k $221.4k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 19.9k $219.8k | New |
| Ancora Advisors LLC 0.00% of their portfolio | 19.1k $211.6k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 16.9k $186.9k | Reduced -3.3k |