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 ($9.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.47. Options: 9 managers hold calls ($11.9m notional), 6 hold puts ($2.5m).
Trends to Q3 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 |
| Q3 2024 | 348 |
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 |
| Q3 2024 | 180 | 142 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $4.3m | $2.0m | 0.47 |
| Q1 2024 | $7.3m | $14.9m | 2.05 |
| Q2 2024 | $10.3m | $2.8m | 0.27 |
| Q3 2024 | $11.9m | $2.5m | 0.21 |
Biggest buyers
| PRINCIPAL FINANCIAL GROUP INC | Added | +509.5k |
| JPMORGAN CHASE & CO | Added | +476.1k |
| CITADEL ADVISORS LLC | Added | +410.0k |
| COOPER INVESTORS PTY LTD | Added | +389.2k |
| JENNISON ASSOCIATES LLC | Added | +385.4k |
| MORGAN STANLEY | Added | +377.4k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | Added | +353.0k |
| EAGLE ASSET MANAGEMENT INC | Added | +335.2k |
| WATERS PARKERSON & CO., LLC | New | +326.3k |
| Invesco Ltd. | Added | +288.4k |
Biggest sellers
| Champlain Investment Partners, LLC | Reduced | -1.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -854.4k |
| Zimmer Partners, LP | Reduced | -473.0k |
| Jackson Square Partners, LLC | Reduced | -310.6k |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | Sold out | -282.1k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -256.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -248.8k |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -230.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -219.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -204.7k |
Biggest calls
| Twin Tree Management, LP | Unchanged | $4.1m61.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.3m35.2k shares |
| CITADEL ADVISORS LLC | Added | $2.2m32.5k shares |
| Squarepoint Ops LLC | New | $1.3m20.0k shares |
| GROUP ONE TRADING LLC | Reduced | $770.1k11.6k shares |
| PEAK6 Investments LLC | Reduced | $491.3k7.4k shares |
| JANE STREET GROUP, LLC | New | $385.1k5.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $305.0k4.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Twin Tree Management, LP | Reduced | $1.7m26.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $331.9k5.0k shares |
| JANE STREET GROUP, LLC | New | $252.3k3.8k shares |
| CITADEL ADVISORS LLC | Reduced | $132.8k2.0k shares |
| SIMPLEX TRADING, LLC | Added | $73.0k1.1k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 4 | $142.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-29 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $1.0m15.9k shares |
| 2024-08-29 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $173.3k2.7k shares |
| 2024-08-28 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $297.6k4.6k shares |
| 2024-08-28 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $50.4k778 shares |
| 2024-08-26 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $128.4k2.0k shares |
| 2024-08-26 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $21.8k337 shares |
| 2024-08-23 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $94.1k1.5k shares |
| 2024-08-23 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $16.0k247 shares |
| 2024-08-22 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $1.9m29.9k shares |
| 2024-08-22 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $328.3k5.1k shares |
| 2024-08-21 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $2.0m29.9k shares |
| 2024-08-21 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $330.2k5.1k shares |
| 2024-08-20 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $1.9m29.9k shares |
| 2024-08-20 | MULSHINE BRENDAN MARTIN EVP & Chief Revenue Officer | Sold | $580.3k9.0k shares |
| 2024-08-20 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $329.1k5.1k shares |
| 2024-08-19 | MULSHINE BRENDAN MARTIN EVP & Chief Revenue Officer | Sold | $2.3m36.0k shares |
| 2024-08-19 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $1.9m29.9k shares |
| 2024-08-19 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $327.8k5.1k shares |
| 2024-08-16 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $306.6k4.8k shares |
| 2024-08-16 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $51.9k804 shares |
| 2024-08-15 | BICKHAM JEREMIAH RAWLINS EVP & Chief Finical Officer | Sold | $1.5m23.8k shares |
| 2024-08-15 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Trust dated April 7, 2012 | Sold | $83.4k1.3k shares |
| 2024-08-15 | CORTEZI NICHOLAS DOMINIC Director · By the Louise M. Cortezi Family Resource Trust dated January 1, 2018 | Sold | $14.1k217 shares |
| 2024-08-14 | BICKHAM JEREMIAH RAWLINS EVP & Chief Finical Officer | Sold | $1.7m26.2k shares |
| 2024-08-09 | TURNER TIMOTHY WILLIAM President, director | Sold | $124.9m2.0m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 9.4m $620.8m | Reduced -184 |
| BlackRock, Inc. 0.01% of their portfolio | 9.3m $617.1m | First filing |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.04% of their portfolio | 7.1m $472.7m | Reduced -854.4k |
| Capital World Investors 0.07% of their portfolio | 6.6m $437.4m | Added +2.5k |
| Zimmer Partners, LP 5.07% of their portfolio | 4.1m $270.7m | Reduced -473.0k |
| Champlain Investment Partners, LLC 1.46% of their portfolio | 3.6m $241.9m | Reduced -1.2m |
| STATE STREET CORP 0.01% of their portfolio | 3.3m $217.3m | Added +49.2k |
| BESSEMER GROUP INC 0.35% of their portfolio | 3.2m $212.7m | Added +61.2k |
| JANUS HENDERSON GROUP PLC 0.11% of their portfolio | 3.1m $209.1m | Added +14.0k |
| BLAIR WILLIAM & CO/IL 0.54% of their portfolio | 2.7m $182.5m | Reduced -116.6k |
| T. Rowe Price Investment Management, Inc. 0.10% of their portfolio | 2.5m $164.0m | Reduced -90.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $116.4m | Reduced -142.7k |
| BARCLAYS PLC 0.05% of their portfolio | 1.6m $109.0m | Added +17.3k |
| Stephens Investment Management Group LLC 1.46% of their portfolio | 1.6m $107.4m | Reduced -37.0k |
| Polar Capital Holdings Plc 0.57% of their portfolio | 1.5m $100.6m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.5m $97.4m | Reduced -146.7k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $92.7m | Added +377.4k |
| EAGLE ASSET MANAGEMENT INC 0.50% of their portfolio | 1.4m $98.6m | Added +335.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.2m $81.7m | Reduced -230.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.1m $76.1m | Added +19.6k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 1.0m $68.1m | Added +385.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 984.0k $65.3m | Reduced -204.7k |
| NORGES BANK 0.01% of their portfolio | 958.0k $63.6m | Added +137.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 947.2k $62.9m | Reduced -256.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 938.2k $62.3m | Added +286.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 918.9k $61.0m | Added +476.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 911.1k $60.5m | Reduced -219.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 851.7k $56.5m | Added +509.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 769.5k $51.1m | Reduced -66.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 739.7k $49.1m | Reduced -30.5k |
| C WorldWide Group Holding A/S 0.50% of their portfolio | 724.5k $48.1m | Added +50.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 723.9k $47.8m | Added +140.8k |
| Invesco Ltd. 0.01% of their portfolio | 629.4k $41.8m | Added +288.4k |
| Mawer Investment Management Ltd. 0.19% of their portfolio | 628.4k $41.7m | Reduced -28.5k |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 589.7k $39.1m | Added +36.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 582.3k $38.7m | Added +79.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 581.6k $38.6m | Added +186.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 552.6k $36.7m | Reduced -10.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 530.5k $35.2m | Added +155.6k |
| GENEVA CAPITAL MANAGEMENT LLC 0.57% of their portfolio | 516.4k $34.3m | Added +17.4k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 504.8k $33.5m | Reduced -66.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 463.0k $30.7m | Added +12.6k |
| DUDLEY & SHANLEY, INC. 4.79% of their portfolio | 461.6k $30.6m | Reduced -1.1k |
| BOSTON FINANCIAL MANGEMENT LLC 0.90% of their portfolio | 452.5k $30.0m | Added +2.3k |
| COOPER INVESTORS PTY LTD 4.39% of their portfolio | 444.6k $29.5m | Added +389.2k |
| GUARDIAN POINT CAPITAL, LP 12.60% of their portfolio | 425.0k $28.2m | Unchanged |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 411.7k $27.3m | Added +410.0k |
| Jackson Square Partners, LLC 2.31% of their portfolio | 403.4k $26.8m | Reduced -310.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 397.4k $26.4m | Reduced -28.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 388.1k $25.8m | Added +22.7k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 372.9k $24.8m | Reduced -68.5k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.10% of their portfolio | 364.0k $24.2m | Added +353.0k |
| Driehaus Capital Management LLC 0.19% of their portfolio | 339.4k $22.5m | Added +57.7k |
| WATERS PARKERSON & CO., LLC 1.10% of their portfolio | 326.3k $21.7m | New |
| Pembroke Management, LTD 2.62% of their portfolio | 309.5k $20.5m | Reduced -4.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 289.7k $19.2m | Added +5.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 288.8k $19.2m | Added +3.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 262.2k $17.4m | Added +935 |
| UBS Group AG 0.00% of their portfolio | 261.0k $17.3m | Added +99.2k |
| 2Xideas AG 2.24% of their portfolio | 250.6k $16.6m | Reduced -69.7k |
| TOWNSQUARE CAPITAL LLC 0.19% of their portfolio | 244.7k $16.2m | Reduced -14.2k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 231.4k $15.4m | Reduced -23.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 200.4k $13.3m | Added +57.5k |
| Swiss National Bank 0.01% of their portfolio | 197.6k $13.1m | Reduced -800 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 161.9k $10.7m | New |
| BAR HARBOR WEALTH MANAGEMENT 0.67% of their portfolio | 159.4k $10.6m | Added +2.8k |
| Man Group plc 0.03% of their portfolio | 146.0k $9.7m | Reduced -40.6k |
| Legal & General Group Plc 0.00% of their portfolio | 145.7k $9.7m | Added +1.1k |
| FIRETRAIL INVESTMENTS PTY LTD 2.66% of their portfolio | 139.5k $9.3m | Reduced -77.2k |
| Retirement Systems of Alabama 0.03% of their portfolio | 124.3k $8.3m | Reduced -2.1k |
| TWINBEECH CAPITAL LP 0.16% of their portfolio | 122.9k $8.2m | New |
| Corebridge Financial, Inc. 0.04% of their portfolio | 122.2k $8.1m | Reduced -8.6k |
| NORTHWESTERN UNIVERSITY 9.29% of their portfolio | 119.0k $7.9m | Unchanged |
| THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 116.5k $7.7m | Reduced -6.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 110.4k $7.3m | Added +31.8k |
| Quantbot Technologies LP 0.28% of their portfolio | 107.4k $7.1m | Added +27.7k |
| Amundi 0.00% of their portfolio | 106.1k $7.5m | Added +2.9k |
| ZACKS INVESTMENT MANAGEMENT 0.06% of their portfolio | 105.7k $7.0m | Reduced -4.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 96.9k $6.4m | Added +76.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 95.9k $6.4m | Reduced -2.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 95.3k $6.3m | Reduced -10.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 94.8k $6.3m | Added +80.5k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 93.1k $6.2m | Reduced -13.5k |
| M&T Bank Corp 0.02% of their portfolio | 91.6k $6.1m | Reduced -4.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 87.2k $5.8m | New |
| Daiwa Securities Group Inc. 0.03% of their portfolio | 85.6k $5.7m | Reduced -13.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 83.4k $5.5m | Reduced -9.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 77.7k $5.2m | Reduced -248.8k |
| Walleye Capital LLC 0.05% of their portfolio | 76.9k $5.1m | Added +57.4k |
| US BANCORP \DE\ 0.01% of their portfolio | 72.6k $4.8m | Reduced -1.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 68.9k $4.6m | Added +35.7k |
| Progeny 3, Inc. 0.35% of their portfolio | 62.8k $4.2m | New |
| FRED ALGER MANAGEMENT, LLC 0.02% of their portfolio | 57.7k $3.8m | Added +4.7k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 57.5k $3.8m | Reduced -1.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 57.0k $3.8m | Reduced -24.0k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 55.3k $3.7m | Reduced -3.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 54.9k $3.6m | New |
| WMS Partners, LLC 0.20% of their portfolio | 54.6k $3.6m | Reduced -5.0k |
| ANDERSON HOAGLAND & CO 0.38% of their portfolio | 51.7k $3.7m | Added +69 |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 50.9k $3.4m | New |