UL SOLUTIONS INC ULS
CLASS A COM SHS · Common Stock · CUSIP 903731107
Safety certification 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 ($20.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $101.57. Options: 11 managers hold calls ($49.6m notional), 9 hold puts ($50.4m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 131 |
| Q3 2024 | 182 |
| Q4 2024 | 189 |
| Q1 2025 | 191 |
| Q2 2025 | 248 |
| Q3 2025 | 280 |
| Q4 2025 | 353 |
| Q1 2026 | 370 |
| Q2 2026 | 390 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 139 | 46 |
| Q4 2024 | 112 | 72 |
| Q1 2025 | 118 | 85 |
| Q2 2025 | 154 | 94 |
| Q3 2025 | 176 | 111 |
| Q4 2025 | 220 | 114 |
| Q1 2026 | 212 | 152 |
| Q2 2026 | 228 | 153 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $20.2m | $9.6m | 0.48 |
| Q4 2025 | $54.4m | $17.8m | 0.33 |
| Q1 2026 | $24.4m | $34.5m | 1.42 |
| Q2 2026 | $49.6m | $50.4m | 1.02 |
Biggest buyers
| BlackRock, Inc. | Added | +1.7m |
| Pictet Asset Management Holding SA | Added | +903.1k |
| STATE STREET CORP | Added | +734.6k |
| Invesco Ltd. | Added | +595.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +542.2k |
| NEUBERGER BERMAN GROUP LLC | Added | +529.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +497.7k |
| MORGAN STANLEY | Added | +211.3k |
| NORTHERN TRUST CORP | Added | +160.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +156.6k |
Biggest sellers
| Alyeska Investment Group, L.P. | Sold out | -731.8k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -704.2k |
| CITADEL ADVISORS LLC | Sold out | -423.9k |
| BESSEMER GROUP INC | Reduced | -395.7k |
| T. Rowe Price Investment Management, Inc. | Reduced | -364.5k |
| Durable Capital Partners LP | Reduced | -354.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -309.3k |
| Burkehill Global Management, LP | Sold out | -300.0k |
| Capital Research Global Investors | Reduced | -286.4k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -255.3k |
Biggest calls
| Oribel Capital Management, LP | New | $21.6m211.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.6m84.0k shares |
| GROUP ONE TRADING LLC | Reduced | $5.8m57.0k shares |
| CITADEL ADVISORS LLC | Added | $3.6m34.9k shares |
| Walleye Trading LLC | Reduced | $2.9m28.4k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $2.2m21.8k shares |
| IMC-Chicago, LLC | Added | $1.9m18.9k shares |
| D. E. Shaw & Co., Inc. | New | $1.0m10.0k shares |
| JANE STREET GROUP, LLC | Added | $967.7k9.5k shares |
| SIMPLEX TRADING, LLC | Added | $804.7k7.9k shares |
Biggest puts
| SCOPUS ASSET MANAGEMENT, L.P. | Unchanged | $20.4m200.0k shares |
| CITADEL ADVISORS LLC | Added | $12.6m123.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.0m69.2k shares |
| IMC-Chicago, LLC | Added | $4.0m39.7k shares |
| JANE STREET GROUP, LLC | New | $4.0m39.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.3m12.8k shares |
| GROUP ONE TRADING LLC | New | $570.4k5.6k shares |
| Walleye Trading LLC | Added | $417.6k4.1k shares |
| Walleye Capital LLC | New | $71.3k700 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 |
|---|---|
| ULSE Inc. 13G · exempt (held before listing) filed 2026-02-10 | 61.6% |
| T. Rowe Price Investment Management, Inc. 13G · institution +2.2 pts · filed 2026-10-07 | 10.7% |
| BlackRock, Inc. 13G · institution +2.7 pts · filed 2026-07-30 | 8.9% |
| Capital International Investors 13G · institution -2.6 pts · filed 2026-05-14 | 8.4% |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 13G · institution -1.8 pts · filed 2026-08-13 | 6.0% |
| 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 CAPITAL MANAGEMENT LLC), Capital Research Global Investors (5.0%, 2026-02-12)
Insider purchases and sales since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $1.6m | — |
| Q1 2025 | 1 | $2.4k | 1 | $102.7k | — |
| Q2 2025 | 1 | $2.3k | 2 | $609.4k | — |
| Q3 2025 | 1 | $2.4k | 0 | — | — |
| Q4 2025 | 2 | $3.0k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 5 | $7.8m | $5.9m |
| Q3 2026 | 0 | — | 1 | $3.3m | $3.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-01 | Scanlon Jennifer F. President and CEO, director | Sold plan | $920.8k12.5k shares |
| 2026-08-03 | Scanlon Jennifer F. President and CEO, director | Sold plan | $1.2m12.5k shares |
| 2026-07-01 | Scanlon Jennifer F. President and CEO, director | Sold plan | $1.2m12.5k shares |
| 2026-06-09 | PEPPING KAREN K Senior VP & CAO | Sold plan | $70.9k725 shares |
| 2026-06-03 | Schjotz Gitte Officer | Sold plan | $956.7k9.9k shares |
| 2026-06-02 | Schjotz Gitte Officer | Sold plan | $1.2m12.0k shares |
| 2026-06-01 | Scanlon Jennifer F. President and CEO, director | Sold plan | $1.2m12.5k shares |
| 2026-05-28 | Uggetti Alberto EVP & CCO | Sold plan | $234.2k2.3k shares |
| 2026-05-21 | Hecker Friedrich Director | Sold | $408.2k4.0k shares |
| 2026-05-11 | Uggetti Alberto EVP & CCO | Sold | $610.0k6.1k shares |
| 2026-05-07 | Schjotz Gitte Officer | Sold | $831.7k8.0k shares |
| 2026-05-01 | Scanlon Jennifer F. President and CEO, director | Sold plan | $1.1m12.5k shares |
| 2026-04-01 | Scanlon Jennifer F. President and CEO, director | Sold plan | $1.1m12.5k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 7.1m $726.4m | Added +1.7m |
| T. Rowe Price Investment Management, Inc. 0.46% of their portfolio | 6.9m $705.0m | Reduced -364.5k |
| Capital International Investors 0.13% of their portfolio | 6.1m $622.9m | Added +40.9k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.49% of their portfolio | 4.7m $478.2m | Reduced -704.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.5m $357.0m | Added +48.2k |
| Capital Research Global Investors 0.05% of their portfolio | 3.4m $343.0m | Reduced -286.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.2m $330.2m | Added +156.6k |
| Jupiter Topco LLC 0.13% of their portfolio | 3.0m $309.9m | First filing |
| Durable Capital Partners LP 2.91% of their portfolio | 2.9m $299.2m | Reduced -354.0k |
| STATE STREET CORP 0.01% of their portfolio | 2.3m $232.2m | Added +734.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.0m $204.9m | Added +542.2k |
| BESSEMER GROUP INC 0.26% of their portfolio | 1.9m $190.5m | Reduced -395.7k |
| NEUBERGER BERMAN GROUP LLC 0.12% of their portfolio | 1.8m $185.4m | Added +529.4k |
| Allspring Global Investments Holdings, LLC 0.23% of their portfolio | 1.6m $153.0m | Reduced -177.6k |
| NORGES BANK 0.02% of their portfolio | 1.5m $151.5m | Not comparable |
| FMR LLC 0.01% of their portfolio | 1.4m $141.5m | Reduced -236.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.3m $136.3m | Reduced -309.3k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 1.3m $132.6m | Added +88.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.1m $116.5m | Added +22.3k |
| FEDERATED HERMES, INC. 0.16% of their portfolio | 1.1m $111.4m | Added +3.1k |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 980.1k $99.8m | Added +108.3k |
| Pictet Asset Management Holding SA 0.09% of their portfolio | 915.5k $93.2m | Added +903.1k |
| MORGAN STANLEY 0.00% of their portfolio | 880.7k $89.7m | Added +211.3k |
| Driehaus Capital Management LLC 0.49% of their portfolio | 823.4k $83.9m | Added +12.7k |
| Conestoga Capital Advisors, LLC 1.82% of their portfolio | 819.4k $83.5m | Reduced -230.2k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.84% of their portfolio | 768.4k $78.3m | Added +110.0k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 756.5k $62.0m | Unchanged |
| UBS Group AG 0.01% of their portfolio | 752.3k $76.6m | Reduced -160.4k |
| Invesco Ltd. 0.01% of their portfolio | 745.3k $75.9m | Added +595.0k |
| AltraVue Capital, LLC 5.16% of their portfolio | 702.3k $71.5m | Unchanged |
| BLAIR WILLIAM & CO/IL 0.18% of their portfolio | 693.7k $70.7m | Reduced -32.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 628.5k $62.9m | Reduced -6.1k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 591.2k $60.2m | Added +832 |
| NORTHERN TRUST CORP 0.01% of their portfolio | 582.6k $59.3m | Added +160.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 560.6k $57.1m | Added +13.2k |
| Electron Capital Partners, LLC 2.16% of their portfolio | 530.6k $54.0m | Reduced -183.4k |
| BROWN BROTHERS HARRIMAN & CO 0.24% of their portfolio | 529.1k $53.9m | Reduced -63.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 516.1k $52.6m | Added +497.7k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 495.7k $50.5m | Added +24.3k |
| Port Capital LLC 1.96% of their portfolio | 470.9k $48.0m | Reduced -108.8k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 450.3k $45.9m | Reduced -3.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 440.8k $44.9m | Reduced -7.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 436.3k $44.4m | Added +64.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 420.7k $42.9m | Reduced -145.6k |
| Ranger Investment Management, L.P. 2.69% of their portfolio | 418.2k $42.6m | Reduced -28.7k |
| TD Asset Management Inc 0.04% of their portfolio | 403.8k $41.1m | Reduced -24.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 392.4k $39.6m | Reduced -36.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 363.3k $37.0m | Added +47.4k |
| Capital World Investors 0.00% of their portfolio | 348.9k $35.5m | Added +8.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 338.5k $34.5m | Added +8.3k |
| SOROS FUND MANAGEMENT LLC 0.45% of their portfolio | 334.0k $34.0m | Reduced -61.0k |
| Harvey Partners, LLC 2.26% of their portfolio | 320.7k $32.7m | Reduced -21.8k |
| Baird Financial Group, Inc. 0.04% of their portfolio | 305.2k $31.1m | Reduced -40.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 284.2k $28.9m | Added +29.1k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.38% of their portfolio | 281.1k $28.6m | Added +13.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 280.7k $28.6m | Added +77.6k |
| GENEVA CAPITAL MANAGEMENT LLC 0.60% of their portfolio | 258.1k $26.3m | Added +65.9k |
| Senator Investment Group LP 0.93% of their portfolio | 250.0k $25.5m | Reduced -150.0k |
| Ghisallo Capital Management LLC 0.50% of their portfolio | 250.0k $25.5m | Reduced -250.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 243.4k $24.8m | Added +129.8k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 224.7k $22.9m | Reduced -9.7k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 224.5k $22.9m | Reduced -95.0k |
| CAPITAL INTERNATIONAL SARL 0.31% of their portfolio | 211.9k $21.6m | Added +8.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 209.1k $21.3m | Added +116.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 200.0k $20.4m | Reduced -200.0k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 196.5k $20.0m | Added +66.0k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 183.0k $18.6m | Added +4.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 176.4k $18.0m | Added +6.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 173.5k $17.7m | Added +64.6k |
| Tidal Investments LLC 0.04% of their portfolio | 167.5k $17.1m | Reduced -78.8k |
| Baker Chad R 2.72% of their portfolio | 165.7k $16.9m | Unchanged |
| Clearbridge Investments, LLC 0.01% of their portfolio | 162.9k $16.6m | Reduced -57.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 155.5k $15.8m | Added +10.8k |
| SEVEN GRAND MANAGERS, LLC 0.62% of their portfolio | 150.0k $15.3m | Reduced -50.0k |
| Swiss National Bank 0.01% of their portfolio | 147.6k $15.0m | Reduced -5.2k |
| FIFTH THIRD BANCORP 0.02% of their portfolio | 147.0k $15.0m | Reduced -11.3k |
| ExodusPoint Capital Management, LP 0.12% of their portfolio | 130.7k $13.3m | Reduced -80.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 129.4k $13.2m | Added +6.9k |
| Nuveen, LLC 0.00% of their portfolio | 127.6k $13.0m | New |
| Retirement Systems of Alabama 0.04% of their portfolio | 125.0k $12.7m | Reduced -14.2k |
| GABELLI FUNDS LLC 0.08% of their portfolio | 124.0k $12.6m | Reduced -150 |
| Candriam S.C.A. 0.05% of their portfolio | 117.0k $11.9m | Added +41.7k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.38% of their portfolio | 114.2k $11.6m | Unchanged |
| Capital International, Inc./CA/ 0.07% of their portfolio | 103.4k $10.5m | Added +387 |
| Legal & General Group Plc 0.00% of their portfolio | 101.4k $10.3m | Added +6.2k |
| Aperture Investors, LLC 1.07% of their portfolio | 99.1k $10.1m | Added +12.0k |
| CASTLEARK MANAGEMENT LLC 0.27% of their portfolio | 96.8k $9.9m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 94.6k $8.1m | Added +23.7k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 92.2k $9.4m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio | 89.4k $9.1m | Reduced -4.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 89.3k $9.1m | Added +5.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 88.4k $9.0m | Reduced -1.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 85.4k $8.7m | Added +1.1k |
| Concentric Capital Strategies, LP 0.53% of their portfolio | 83.8k $8.5m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.16% of their portfolio | 82.4k $8.4m | Added +37.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 79.9k $8.1m | Reduced -155 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 79.8k $8.1m | Reduced -7.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 76.9k $7.8m | Added +39.3k |
| Arrow Capital Management, LLC 4.13% of their portfolio | 73.2k $7.5m | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 71.7k $7.3m | Added +2.3k |