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 ($11.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.90. Options: 8 managers hold calls ($10.3m notional), 6 hold puts ($2.8m).
Trends to Q2 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 |
| Q2 2024 | 300 |
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 |
| Q2 2024 | 163 | 129 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $5.8m | $3.6m | 0.62 |
| Q4 2023 | $4.3m | $2.0m | 0.47 |
| Q1 2024 | $7.3m | $14.9m | 2.05 |
| Q2 2024 | $10.3m | $2.8m | 0.27 |
Biggest buyers
| BlackRock Inc. | Added | +5.2m |
| STATE STREET CORP | Added | +1.3m |
| BESSEMER GROUP INC | Added | +1.2m |
| EAGLE ASSET MANAGEMENT INC | New | +1.0m |
| Capital World Investors | Added | +692.1k |
| T. Rowe Price Investment Management, Inc. | Added | +539.2k |
| Bank of New York Mellon Corp | Added | +476.1k |
| NORGES BANK | Added | +338.5k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +332.5k |
| JPMORGAN CHASE & CO | Added | +306.3k |
Biggest sellers
| Artisan Partners Limited Partnership | Sold out | -2.0m |
| MORGAN STANLEY | Reduced | -1.8m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -1.7m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -583.0k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -436.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -358.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -346.0k |
| Jackson Square Partners, LLC | Reduced | -291.0k |
| Aberdeen Wealth Management LLC | Sold out | -286.8k |
| SEI INVESTMENTS CO | Reduced | -263.8k |
Biggest calls
| Twin Tree Management, LP | New | $3.6m61.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m53.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m24.8k shares |
| GROUP ONE TRADING LLC | Added | $880.2k15.2k shares |
| PEAK6 Investments LLC | New | $613.8k10.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $445.0k7.7k shares |
| WOLVERINE TRADING, LLC | New | $278.0k4.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Twin Tree Management, LP | New | $1.5m26.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $631.2k10.9k shares |
| CITADEL ADVISORS LLC | Added | $335.9k5.8k shares |
| PEAK6 Investments LLC | New | $306.9k5.3k shares |
| SIMPLEX TRADING, LLC | Unchanged | $34.0k600 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 11.3m $652.3m | Added +5.2m |
| VANGUARD GROUP INC 0.01% of their portfolio | 9.4m $541.5m | Added +243.3k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.13% of their portfolio | 8.0m $461.8m | Reduced -1.7m |
| Capital World Investors 0.06% of their portfolio | 6.6m $381.4m | Added +692.1k |
| Champlain Investment Partners, LLC 1.72% of their portfolio | 4.8m $280.6m | Reduced -92.6k |
| Zimmer Partners, LP 5.02% of their portfolio | 4.6m $263.5m | Unchanged |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $186.7m | Added +1.3m |
| BESSEMER GROUP INC 0.32% of their portfolio | 3.1m $182.0m | Added +1.2m |
| JANUS HENDERSON GROUP PLC 0.10% of their portfolio | 3.1m $181.5m | Added +39.1k |
| BLAIR WILLIAM & CO/IL 0.51% of their portfolio | 2.9m $166.0m | Added +94.7k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 2.6m $148.3m | Added +539.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.9m $109.8m | Added +183.1k |
| Stephens Investment Management Group LLC 1.34% of their portfolio | 1.7m $95.8m | Added +42.6k |
| BARCLAYS PLC 0.04% of their portfolio | 1.6m $94.1m | Added +49.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.6m $93.5m | Reduced -6.1k |
| Polar Capital Holdings Plc 0.52% of their portfolio | 1.5m $87.7m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.5m $84.6m | Reduced -4.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.2m $69.7m | Reduced -583.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.2m $68.8m | Reduced -152.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.1m $65.5m | Reduced -73.3k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.1m $65.3m | Reduced -436.7k |
| EAGLE ASSET MANAGEMENT INC 0.32% of their portfolio | 1.0m $59.3m | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $59.0m | Reduced -1.8m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 836.2k $48.4m | Added +476.1k |
| NORGES BANK 0.01% of their portfolio | 820.7k $47.5m | Added +338.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 770.2k $44.6m | Added +253.7k |
| Jackson Square Partners, LLC 2.52% of their portfolio | 714.0k $41.4m | Reduced -291.0k |
| C WorldWide Group Holding A/S 0.42% of their portfolio | 674.0k $39.0m | Unchanged |
| Mawer Investment Management Ltd. 0.18% of their portfolio | 656.9k $38.0m | Reduced -11.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 651.8k $37.7m | Added +7.2k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 639.7k $37.0m | Added +202.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 583.1k $33.8m | Reduced -358.0k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 571.5k $33.1m | Reduced -263.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 562.9k $32.6m | Reduced -70.5k |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 552.7k $32.0m | Added +101.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 502.6k $29.1m | Reduced -22.2k |
| GENEVA CAPITAL MANAGEMENT LLC 0.53% of their portfolio | 499.0k $28.9m | Added +23.4k |
| DUDLEY & SHANLEY, INC. 4.60% of their portfolio | 462.7k $26.8m | Reduced -10.9k |
| California Public Employees Retirement System 0.02% of their portfolio | 450.5k $26.1m | Added +35.2k |
| BOSTON FINANCIAL MANGEMENT LLC 0.83% of their portfolio | 450.2k $26.1m | Added +75.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 442.8k $25.6m | Added +306.3k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 441.4k $25.6m | Added +84.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 425.6k $24.6m | Reduced -23.9k |
| GUARDIAN POINT CAPITAL, LP 11.58% of their portfolio | 425.0k $24.6m | Added +125.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 395.4k $22.9m | Added +213.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 374.9k $21.7m | Added +169.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 365.4k $21.2m | Added +289.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 342.2k $19.8m | Added +332.5k |
| Invesco Ltd. 0.00% of their portfolio | 340.9k $19.7m | Added +99.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.08% of their portfolio | 326.5k $18.9m | Reduced -115.5k |
| 2Xideas AG 2.32% of their portfolio | 320.3k $18.6m | Reduced -35.8k |
| Pembroke Management, LTD 2.44% of their portfolio | 313.6k $18.2m | Reduced -27.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 285.1k $16.5m | Reduced -175.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 284.0k $16.4m | Added +172.1k |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 2.03% of their portfolio | 282.1k $16.3m | New |
| Driehaus Capital Management LLC 0.16% of their portfolio | 281.7k $16.3m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 261.2k $15.1m | Added +106.8k |
| TOWNSQUARE CAPITAL LLC 0.20% of their portfolio | 258.9k $15.0m | Reduced -40.5k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.43% of their portfolio | 254.8k $14.8m | Added +3.3k |
| FIRETRAIL INVESTMENTS PTY LTD 3.81% of their portfolio | 216.6k $12.5m | Added +121.3k |
| Swiss National Bank 0.01% of their portfolio | 198.4k $11.5m | Unchanged |
| Man Group plc 0.03% of their portfolio | 186.6k $10.8m | Reduced -26.1k |
| UBS Group AG 0.00% of their portfolio | 161.8k $9.4m | Reduced -7.9k |
| BAR HARBOR WEALTH MANAGEMENT 0.60% of their portfolio | 156.6k $9.1m | Added +93.4k |
| Legal & General Group Plc 0.00% of their portfolio | 144.6k $8.4m | Added +52.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 142.9k $8.3m | Reduced -11.4k |
| Woodline Partners LP 0.08% of their portfolio | 137.5k $8.0m | New |
| Corebridge Financial, Inc. 0.04% of their portfolio | 130.8k $7.6m | First filing |
| Retirement Systems of Alabama 0.03% of their portfolio | 126.3k $7.3m | New |
| THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 122.7k $7.1m | Reduced -6.6k |
| NORTHWESTERN UNIVERSITY 7.43% of their portfolio | 119.0k $6.9m | Unchanged |
| ZACKS INVESTMENT MANAGEMENT 0.07% of their portfolio | 110.3k $6.4m | Added +4.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 106.6k $6.2m | Reduced -13.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 105.8k $6.1m | Reduced -1.9k |
| Amundi 0.00% of their portfolio | 103.2k $5.9m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.13% of their portfolio | 100.6k $5.8m | Added +96.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 98.6k $5.7m | Reduced -1.6k |
| Daiwa Securities Group Inc. 0.03% of their portfolio | 98.6k $5.7m | Reduced -22.0k |
| M&T Bank Corp 0.02% of their portfolio | 96.4k $5.6m | Reduced -8.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 92.7k $5.4m | Added +69.3k |
| Renaissance Capital LLC 2.97% of their portfolio | 91.9k $5.3m | Added +28.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 81.0k $4.7m | Added +3.5k |
| Quantbot Technologies LP 0.22% of their portfolio | 79.7k $4.6m | Added +51.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 78.6k $4.6m | Reduced -92 |
| US BANCORP \DE\ 0.01% of their portfolio | 73.9k $4.3m | Reduced -9.1k |
| WMS Partners, LLC 0.22% of their portfolio | 59.6k $3.4m | Reduced -3.3k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 58.7k $3.4m | Added +52.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 58.6k $3.4m | New |
| SYSTM Wealth Solutions LLC 0.76% of their portfolio | 58.6k $3.4m | Reduced -10.5k |
| Embree Financial Group 0.64% of their portfolio | 57.7k $3.3m | Added +27.1k |
| COOPER INVESTORS PTY LTD 0.49% of their portfolio | 55.3k $3.2m | Added +9.3k |
| SYNOVUS FINANCIAL CORP 0.04% of their portfolio | 55.1k $3.2m | Added +265 |
| AMALGAMATED BANK 0.03% of their portfolio | 53.4k $3.1m | Added +43.6k |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 53.0k $3.1m | Reduced -922 |
| ANDERSON HOAGLAND & CO 0.31% of their portfolio | 51.6k $2.9m | Added +624 |
| Squarepoint Ops LLC 0.01% of their portfolio | 51.6k $3.0m | Reduced -19.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 50.8k $2.9m | Added +10.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 47.7k $2.8m | Added +4.8k |
| Numerai GP LLC 1.00% of their portfolio | 47.5k $2.8m | Added +28.8k |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 44.5k $2.6m | Added +1.5k |