REINSURANCE GRP OF AMERICA I RGA
COM NEW · Common Stock · CUSIP 759351604
American insurance company
* 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 ($84.6m this quarter). Holder counts are more reliable. Shares outstanding: 65.7m as of 2025-10-21, 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 ≈ $191.96. Options: 8 managers hold calls ($42.6m notional), 6 hold puts ($11.1m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 406 |
| Q4 2022 | 467 |
| Q1 2023 | 449 |
| Q2 2023 | 480 |
| Q3 2023 | 468 |
| Q4 2023 | 513 |
| Q1 2024 | 531 |
| Q2 2024 | 608 |
| Q3 2024 | 608 |
| Q4 2024 | 626 |
| Q1 2025 | 634 |
| Q2 2025 | 621 |
| Q3 2025 | 580 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 237 | 215 |
| Q1 2024 | 242 | 250 |
| Q2 2024 | 308 | 242 |
| Q3 2024 | 301 | 292 |
| Q4 2024 | 301 | 270 |
| Q1 2025 | 293 | 291 |
| Q2 2025 | 276 | 311 |
| Q3 2025 | 250 | 333 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $13.3m | $1.9m | 0.15 |
| Q1 2025 | $15.5m | $2.7m | 0.17 |
| Q2 2025 | $18.6m | $8.4m | 0.45 |
| Q3 2025 | $42.6m | $11.1m | 0.26 |
Biggest buyers
| HARRIS ASSOCIATES L P | Added | +962.1k |
| JPMORGAN CHASE & CO | Added | +401.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +324.2k |
| D. E. Shaw & Co., Inc. | Added | +217.8k |
| Balyasny Asset Management L.P. | New | +183.6k |
| Prana Capital Management, LP | Added | +150.7k |
| BlackRock, Inc. | Added | +135.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +123.6k |
| Skandinaviska Enskilda Banken AB (publ) | Added | +121.5k |
| PANAGORA ASSET MANAGEMENT INC | Added | +110.7k |
Biggest sellers
| ALLIANCEBERNSTEIN L.P. | Reduced | -961.7k |
| Rockefeller Capital Management L.P. | Reduced | -368.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -293.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -257.2k |
| Invesco Ltd. | Reduced | -236.2k |
| Qube Research & Technologies Ltd | Reduced | -201.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -193.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -134.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -132.0k |
| Nuveen, LLC | Reduced | -128.8k |
Biggest calls
| PICTON MAHONEY ASSET MANAGEMENT | New | $19.2m100.0k shares |
| CITADEL ADVISORS LLC | Added | $12.6m65.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.3m22.6k shares |
| JANE STREET GROUP, LLC | New | $2.1m10.9k shares |
| WOLVERINE TRADING, LLC | New | $2.1m11.0k shares |
| IMC-Chicago, LLC | New | $2.0m10.4k shares |
| GROUP ONE TRADING LLC | Added | $172.9k900 shares |
| SIMPLEX TRADING, LLC | Added | $57.0k300 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.9m30.7k shares |
| CITADEL ADVISORS LLC | Added | $3.7m19.3k shares |
| WOLVERINE TRADING, LLC | New | $626.8k3.3k shares |
| JANE STREET GROUP, LLC | New | $595.6k3.1k shares |
| SIMPLEX TRADING, LLC | Added | $211.0k1.1k shares |
| GROUP ONE TRADING LLC | Unchanged | $38.4k200 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 2025-04-24 | 9.0% |
| HARRIS ASSOCIATES L P 13G · institution +1.4 pts · filed 2026-02-17 | 6.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2023 | 1 | $73.4k | 1 | $82.1k | — |
| Q1 2024 | 0 | — | 2 | $1.8m | — |
| Q2 2024 | 0 | — | 1 | $365.5k | — |
| Q3 2024 | 0 | — | 1 | $264.7k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 7.1m $1.4bn | Reduced -59.2k |
| BlackRock, Inc. 0.02% of their portfolio | 6.6m $1.3bn | Added +135.0k |
| FMR LLC 0.06% of their portfolio | 5.9m $1.1bn | Added +657 |
| HARRIS ASSOCIATES L P 1.03% of their portfolio | 3.3m $642.8m | Added +962.1k |
| WCM INVESTMENT MANAGEMENT, LLC 1.08% of their portfolio | 2.7m $519.4m | Added +94.5k |
| AMERICAN CENTURY COMPANIES INC 0.23% of their portfolio | 2.4m $455.2m | Added +324.2k |
| EARNEST PARTNERS LLC 1.97% of their portfolio | 2.4m $455.0m | Reduced -33.2k |
| STATE STREET CORP 0.02% of their portfolio | 2.3m $450.8m | Added +64.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.3m $255.3m | Added +109.1k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $238.9m | Added +1.2k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.2m $229.8m | Reduced -293.0k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.1m $211.1m | Added +49.3k |
| SEI INVESTMENTS CO 0.17% of their portfolio | 840.9k $161.6m | Added +51.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 768.3k $147.6m | Added +401.5k |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 759.8k $146.0m | Added +97.9k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 679.6k $130.6m | Reduced -15.4k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 665.1k $126.3m | Reduced -134.6k |
| Bahl & Gaynor LLC 0.58% of their portfolio | 604.7k $116.2m | Added +94.9k |
| Polar Capital Holdings Plc 0.53% of their portfolio | 576.6k $110.8m | Added +39.1k |
| Ensign Peak Advisors, Inc 0.18% of their portfolio | 556.9k $107.0m | Added +28.4k |
| Douglas Lane & Associates, LLC 1.47% of their portfolio | 550.2k $105.7m | Added +8.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 549.9k $104.6m | Reduced -20.5k |
| Rockefeller Capital Management L.P. 0.19% of their portfolio | 506.5k $97.3m | Reduced -368.6k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 500.5k $96.2m | Reduced -99.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.38% of their portfolio | 495.6k $95.2m | Reduced -47.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 439.0k $84.4m | Added +5.5k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 435.7k $83.7m | Added +94.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 402.3k $77.3m | Reduced -66.6k |
| FIL Ltd 0.06% of their portfolio | 390.9k $75.1m | Reduced -10.4k |
| STIFEL FINANCIAL CORP 0.07% of their portfolio | 378.5k $72.7m | Added +14.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 376.1k $72.3m | Reduced -86.9k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 375.8k $72.2m | Added +67.6k |
| FEDERATED HERMES, INC. 0.12% of their portfolio | 354.8k $68.2m | Added +5.7k |
| Freestone Grove Partners LP 0.49% of their portfolio | 344.1k $66.1m | Added +75.6k |
| Invesco Ltd. 0.01% of their portfolio | 336.5k $64.7m | Reduced -236.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 331.5k $63.0m | Reduced -193.6k |
| Prana Capital Management, LP 1.93% of their portfolio | 300.2k $57.7m | Added +150.7k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 279.9k $53.8m | Added +7.5k |
| Skandinaviska Enskilda Banken AB (publ) 0.21% of their portfolio | 266.1k $51.1m | Added +121.5k |
| Corient Private Wealth LP 0.08% of their portfolio | 262.8k $50.5m | Reduced -14.8k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 255.6k $49.1m | Reduced -201.1k |
| Point72 Asset Management, L.P. 0.11% of their portfolio | 252.3k $48.5m | Added +79.4k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 252.2k $48.4m | Added +83.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.08% of their portfolio | 250.0k $48.0m | Reduced -100.0k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.03% of their portfolio | 248.2k $47.7m | Added +280 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 247.8k $47.6m | Reduced -132.0k |
| NATIXIS ADVISORS, LLC 0.07% of their portfolio | 245.7k $47.2m | Reduced -2.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 244.4k $47.0m | Added +83.6k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 232.7k $44.7m | Added +217.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 225.1k $43.2m | Added +71.8k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 224.4k $43.1m | Reduced -3.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 212.8k $40.9m | Reduced -55.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 210.5k $40.4m | Reduced -8.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 208.9k $40.1m | Reduced -1.8k |
| Retirement Systems of Alabama 0.13% of their portfolio | 197.4k $37.9m | Added +13.8k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 183.6k $35.3m | New |
| ProShare Advisors LLC 0.07% of their portfolio | 182.2k $35.0m | Added +5.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 182.1k $35.0m | Added +123.6k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 179.5k $34.5m | Reduced -2.0k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 178.5k $34.3m | Added +477 |
| Nuveen, LLC 0.01% of their portfolio | 176.2k $33.9m | Reduced -128.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 174.6k $33.5m | Reduced -23.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 174.6k $33.5m | Reduced -961.7k |
| SEGALL BRYANT & HAMILL, LLC 0.44% of their portfolio | 172.3k $33.1m | Reduced -5.3k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 170.9k $32.8m | Added +76.1k |
| PhiloSmith Capital Corp 8.85% of their portfolio | 165.8k $31.9m | Added +10.0k |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 162.6k $31.2m | Reduced -12.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 159.6k $30.7m | Reduced -21.1k |
| BARCLAYS PLC 0.01% of their portfolio | 149.7k $28.8m | Added +89.5k |
| UBS Group AG 0.01% of their portfolio | 143.4k $27.5m | Added +87.9k |
| Legal & General Group Plc 0.01% of their portfolio | 141.5k $27.2m | Added +1.1k |
| South Dakota Investment Council 0.51% of their portfolio | 136.4k $26.2m | Added +1.7k |
| Swiss National Bank 0.01% of their portfolio | 128.1k $24.6m | Added +1.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 116.2k $22.3m | Added +99.2k |
| PANAGORA ASSET MANAGEMENT INC 0.09% of their portfolio | 115.3k $22.2m | Added +110.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 114.6k $22.0m | Added +41.7k |
| PICTON MAHONEY ASSET MANAGEMENT 0.27% of their portfolio | 109.7k $21.1m | Reduced -68.1k |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 109.5k $21.0m | Reduced -42.0k |
| Bridgewater Associates, LP 0.07% of their portfolio | 99.1k $19.0m | Reduced -3.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 91.4k $17.6m | Reduced -49.4k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 91.1k $17.5m | Added +63.5k |
| Tidal Investments LLC 0.07% of their portfolio | 89.9k $17.3m | Reduced -62.3k |
| Point72 Europe (London) LLP 0.88% of their portfolio | 83.9k $16.1m | Added +36.1k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 82.7k $15.9m | New |
| HANCOCK WHITNEY CORP 0.28% of their portfolio | 80.7k $15.5m | Reduced -4.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 80.7k $15.5m | Reduced -2.6k |
| Schonfeld Strategic Advisors LLC 0.11% of their portfolio | 80.6k $15.5m | Added +10.9k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 80.4k $15.4m | Reduced -29.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 76.7k $14.7m | Reduced -825 |
| Gillson Capital LP 1.27% of their portfolio | 76.3k $14.7m | Reduced -18.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 75.7k $14.5m | Added +26.4k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 75.3k $14.5m | Reduced -14.4k |
| Leeward Investments, LLC - MA 0.73% of their portfolio | 74.8k $14.4m | Reduced -2.7k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 73.9k $14.3m | Reduced -105.4k |
| ALGERT GLOBAL LLC 0.23% of their portfolio | 72.0k $13.8m | Added +48.0k |
| Callodine Capital Management, LP 1.21% of their portfolio | 71.6k $13.8m | Added +69.4k |
| CIBC Asset Management Inc 0.04% of their portfolio | 68.0k $13.1m | Added +18 |
| Engineers Gate Manager LP 0.15% of their portfolio | 67.6k $13.0m | Added +34.7k |
| HRT FINANCIAL LP 0.06% of their portfolio | 66.9k $12.9m | Added +54.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 66.5k $12.8m | Reduced -697 |