RYAN SPECIALTY HOLDINGS INC RYAN
CL A · Common Stock · CUSIP 78351F107 · ISIN US78351F1075
- SectorFinancials
- IndustryInsurance Agents, Brokers & Service
- HeadquartersChicago, IL
- 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 ($11.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $55.48. Options: 5 managers hold calls ($7.3m notional), 5 hold puts ($14.9m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 203 |
| Q4 2022 | 192 |
| Q1 2023 | 199 |
| Q2 2023 | 214 |
| Q3 2023 | 244 |
| Q4 2023 | 257 |
| Q1 2024 | 270 |
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 2022 | 92 | 107 |
| Q1 2023 | 97 | 95 |
| Q2 2023 | 118 | 75 |
| Q3 2023 | 145 | 74 |
| Q4 2023 | 121 | 114 |
| Q1 2024 | 146 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $27.1m | $24.6m | 0.91 |
| Q3 2023 | $5.8m | $3.6m | 0.62 |
| Q4 2023 | $4.3m | $2.0m | 0.47 |
| Q1 2024 | $7.3m | $14.9m | 2.05 |
Biggest buyers
| BlackRock Inc. | Added | +1.6m |
| MORGAN STANLEY | Added | +1.1m |
| Champlain Investment Partners, LLC | Added | +1.1m |
| C WorldWide Group Holding A/S | New | +674.0k |
| BESSEMER GROUP INC | Added | +488.1k |
| BOSTON FINANCIAL MANGEMENT LLC | New | +374.9k |
| 2Xideas AG | New | +356.1k |
| FEDERATED HERMES, INC. | Added | +343.4k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +310.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +302.1k |
Biggest sellers
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.3m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -456.7k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -445.8k |
| Jackson Square Partners, LLC | Reduced | -395.4k |
| JENNISON ASSOCIATES LLC | Reduced | -337.2k |
| Verition Fund Management LLC | Reduced | -321.2k |
| VANGUARD GROUP INC | Reduced | -289.8k |
| Zimmer Partners, LP | Reduced | -265.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -238.2k |
| FIRST TRUST ADVISORS LP | Reduced | -226.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.7m85.0k shares |
| CITADEL ADVISORS LLC | Added | $1.8m32.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $438.0k7.9k shares |
| GROUP ONE TRADING LLC | Reduced | $288.6k5.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Balyasny Asset Management L.P. | New | $13.9m250.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $727.0k13.1k shares |
| CITADEL ADVISORS LLC | Reduced | $266.4k4.8k shares |
| SIMPLEX TRADING, LLC | New | $33.0k600 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 |
|---|---|
| RYAN PATRICK G 13G · exempt (held before listing) filed 2025-05-08 | 53.4% |
| Vulcan Value Partners, LLC 13G · institution +1.0 pts · filed 2026-08-07 | 6.1% |
| T. Rowe Price Investment Management, Inc. 13G · institution new · filed 2026-02-17 | 5.9% |
Fell to 5% or below in the last year: Capital World Investors (0.0%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q1 2024
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 2022 | 0 | — | 2 | $14.0m | — |
| Q3 2022 | 0 | — | 1 | $1.1m | — |
| Q4 2022 | 2 | $56.8m | 0 | — | — |
| Q1 2023 | 2 | $7.9m | 1 | $1.8m | — |
| Q2 2023 | 0 | — | 4 | $412.7m | — |
| Q3 2023 | 0 | — | 2 | $33.7m | — |
| Q4 2023 | 0 | — | 1 | $471.7k | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.25% of their portfolio | 9.7m $537.9m | Reduced -445.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 9.1m $505.5m | Reduced -289.8k |
| BlackRock Inc. 0.01% of their portfolio | 6.0m $334.9m | Added +1.6m |
| Capital World Investors 0.05% of their portfolio | 5.9m $327.1m | Added +3.4k |
| Champlain Investment Partners, LLC 1.57% of their portfolio | 4.9m $274.0m | Added +1.1m |
| Zimmer Partners, LP 5.49% of their portfolio | 4.6m $252.6m | Reduced -265.0k |
| JANUS HENDERSON GROUP PLC 0.09% of their portfolio | 3.1m $171.8m | Reduced -8.1k |
| MORGAN STANLEY 0.00% of their portfolio | 2.8m $154.6m | Added +1.1m |
| BLAIR WILLIAM & CO/IL 0.48% of their portfolio | 2.8m $153.8m | Added +71.0k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 2.0m $112.2m | Added +2.5k |
| STATE STREET CORP 0.00% of their portfolio | 2.0m $109.0m | Added +24.8k |
| Artisan Partners Limited Partnership 0.16% of their portfolio | 2.0m $108.8m | Reduced -12.8k |
| BESSEMER GROUP INC 0.19% of their portfolio | 1.9m $106.9m | Added +488.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.8m $99.2m | Reduced -171.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.7m $95.0m | Added +103.5k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.6m $89.9m | Reduced -1.3m |
| Stephens Investment Management Group LLC 1.19% of their portfolio | 1.6m $89.5m | Reduced -5.7k |
| BARCLAYS PLC 0.04% of their portfolio | 1.6m $87.4m | Added +219.5k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.6m $86.8m | Added +302.1k |
| Polar Capital Holdings Plc 0.44% of their portfolio | 1.5m $84.1m | Added +227.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.5m $81.3m | Reduced -46.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.3m $74.4m | Reduced -50.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.2m $66.8m | Reduced -120.0k |
| Jackson Square Partners, LLC 2.32% of their portfolio | 1.0m $55.8m | Reduced -395.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 941.2k $52.2m | Reduced -51.4k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 835.4k $46.4m | Reduced -16.9k |
| C WorldWide Group Holding A/S 0.43% of their portfolio | 674.0k $37.4m | New |
| Mawer Investment Management Ltd. 0.17% of their portfolio | 668.4k $37.1m | Reduced -9.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 644.6k $35.8m | Added +22.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 633.3k $35.1m | Reduced -10.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 524.8k $29.1m | Added +82.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 516.5k $28.7m | Added +47.8k |
| NORGES BANK 0.00% of their portfolio | 482.2k $26.8m | Added +87.9k |
| GENEVA CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 475.6k $26.4m | Added +50.9k |
| DUDLEY & SHANLEY, INC. 4.44% of their portfolio | 473.6k $26.3m | Added +5.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 460.2k $25.5m | Added +105.5k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 451.7k $25.1m | Added +343.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 449.4k $24.9m | Added +310.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio | 442.0k $24.5m | Reduced -456.7k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 437.7k $24.3m | Reduced -337.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 415.3k $23.0m | Added +278.6k |
| BOSTON FINANCIAL MANGEMENT LLC 0.66% of their portfolio | 374.9k $20.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 366.5k $20.3m | Reduced -238.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 360.1k $20.0m | Reduced -41.7k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 357.2k $19.8m | Added +176.5k |
| 2Xideas AG 2.42% of their portfolio | 356.1k $19.8m | New |
| Pembroke Management, LTD 2.23% of their portfolio | 341.0k $18.9m | Added +82.4k |
| GUARDIAN POINT CAPITAL, LP 8.50% of their portfolio | 300.0k $16.6m | New |
| TOWNSQUARE CAPITAL LLC 0.24% of their portfolio | 299.4k $16.6m | Added +17.6k |
| Aberdeen Wealth Management LLC 9.27% of their portfolio | 286.8k $15.9m | New |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.40% of their portfolio | 251.5k $14.0m | Reduced -12.4k |
| Schonfeld Strategic Advisors LLC 0.11% of their portfolio | 242.2k $13.4m | Added +208.8k |
| Invesco Ltd. 0.00% of their portfolio | 241.2k $13.4m | Added +85.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 238.4k $13.2m | Reduced -127.6k |
| Man Group plc 0.03% of their portfolio | 212.7k $11.8m | Added +34.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 205.7k $11.4m | Reduced -23.0k |
| Swiss National Bank 0.01% of their portfolio | 198.4k $11.0m | Added +3.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 182.0k $10.1m | Added +3.9k |
| UBS Group AG 0.00% of their portfolio | 169.7k $9.4m | Added +79.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 166.4k $9.2m | Reduced -49.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 154.4k $8.6m | Added +7.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 154.3k $8.6m | Reduced -128.9k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 147.2k $8.2m | Added +4.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 136.5k $7.6m | Added +480 |
| THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 129.3k $7.2m | Reduced -11.4k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.05% of their portfolio | 121.0k $6.7m | Added +12.0k |
| Daiwa Securities Group Inc. 0.04% of their portfolio | 120.6k $6.7m | Reduced -43.8k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 119.9k $6.7m | Added +1.5k |
| NORTHWESTERN UNIVERSITY 6.13% of their portfolio | 119.0k $6.6m | Unchanged |
| NEXT CENTURY GROWTH INVESTORS LLC 0.56% of their portfolio | 116.3k $6.5m | Added +3.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 111.9k $6.2m | Reduced -9.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 107.6k $6.0m | Added +9.7k |
| ZACKS INVESTMENT MANAGEMENT 0.06% of their portfolio | 106.0k $5.9m | Added +9.9k |
| M&T Bank Corp 0.02% of their portfolio | 105.1k $5.8m | Added +468 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 100.3k $5.6m | Reduced -3.7k |
| FIRETRAIL INVESTMENTS PTY LTD 4.35% of their portfolio | 95.3k $5.3m | Added +293 |
| Legal & General Group Plc 0.00% of their portfolio | 91.9k $5.1m | Reduced -3.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 91.2k $5.1m | Added +90.9k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 86.6k $4.8m | New |
| US BANCORP \DE\ 0.01% of their portfolio | 83.0k $4.6m | Reduced -11.3k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 78.7k $4.4m | Reduced -9.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 77.5k $4.3m | Reduced -3.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 76.1k $4.2m | Reduced -226.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 75.6k $4.2m | Reduced -197.1k |
| Squarepoint Ops LLC 0.02% of their portfolio | 70.7k $3.9m | Reduced -25.8k |
| SYSTM Wealth Solutions LLC 0.48% of their portfolio | 69.0k $3.8m | Added +20.8k |
| Atria Investments, Inc 0.05% of their portfolio | 66.3k $3.7m | Reduced -811 |
| Renaissance Capital LLC 1.83% of their portfolio | 63.4k $3.5m | Added +2.8k |
| BAR HARBOR WEALTH MANAGEMENT 0.23% of their portfolio | 63.2k $3.5m | New |
| WMS Partners, LLC 0.24% of their portfolio | 62.9k $3.5m | Reduced -30.0k |
| PDT Partners, LLC 0.33% of their portfolio | 62.4k $3.5m | Added +9.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 59.7k $3.3m | Reduced -22.9k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 58.7k $3.3m | Unchanged |
| SYNOVUS FINANCIAL CORP 0.04% of their portfolio | 54.9k $3.0m | Reduced -3.2k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 54.4k $3.0m | Reduced -33.1k |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 53.9k $3.0m | Reduced -66.6k |
| ANDERSON HOAGLAND & CO 0.29% of their portfolio | 51.0k $2.6m | Added +1.4k |
| HRT FINANCIAL LP 0.02% of their portfolio | 50.5k $2.8m | New |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 48.6k $2.7m | Reduced -12.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 48.2k $2.7m | Added +43.0k |