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 ($10.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.30. Options: 8 managers hold calls ($24.8m notional), 5 hold puts ($2.6m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 131 |
| Q3 2024 | 182 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $0 | $0 | — |
| Q1 2024 | $0 | $0 | — |
| Q2 2024 | $370.4k | $1.1m | 2.88 |
| Q3 2024 | $24.8m | $2.6m | 0.11 |
Biggest buyers
| Capital International Investors | Added | +7.3m |
| JPMORGAN CHASE & CO | Added | +2.0m |
| VANGUARD GROUP INC | Added | +1.8m |
| NORGES BANK | Added | +1.7m |
| Balyasny Asset Management L.P. | Added | +975.8k |
| ACADIAN ASSET MANAGEMENT LLC | New | +928.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +903.0k |
| Alyeska Investment Group, L.P. | Added | +867.4k |
| SOROS FUND MANAGEMENT LLC | Added | +637.1k |
| GOLDMAN SACHS GROUP INC | New | +629.1k |
Biggest sellers
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.3m |
| J. Goldman & Co LP | Reduced | -426.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -407.2k |
| ArrowMark Colorado Holdings LLC | Sold out | -344.9k |
| Holocene Advisors, LP | Sold out | -262.7k |
| Hudson Bay Capital Management LP | Sold out | -231.7k |
| Walleye Capital LLC | Sold out | -139.8k |
| TWO SIGMA ADVISERS, LP | Reduced | -102.5k |
| Woodline Partners LP | Sold out | -100.0k |
| BARCLAYS PLC | Reduced | -75.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $10.9m220.6k shares |
| SIMPLEX TRADING, LLC | Added | $10.2m207.1k shares |
| Caption Management, LLC | New | $1.5m30.0k shares |
| CITADEL ADVISORS LLC | Added | $1.1m22.3k shares |
| Flow State Investments, L.P. | New | $493.0k10.0k shares |
| Walleye Trading LLC | New | $369.8k7.5k shares |
| JANE STREET GROUP, LLC | New | $285.9k5.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Caption Management, LLC | New | $1.5m30.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $941.6k19.1k shares |
| CITADEL ADVISORS LLC | Added | $172.6k3.5k shares |
| SIMPLEX TRADING, LLC | Added | $44.0k900 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 |
|---|---|
| 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 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 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 22 | $11.6m | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-23 | ULSE Inc. 10% owner | Sold | $147.0m3.0m shares |
| 2024-09-09 | ULSE Inc. 10% owner | Sold | $980.0m20.0m 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 |
|---|---|---|
| Capital International Investors 0.10% of their portfolio | 10.9m $536.6m | Added +7.3m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 9.0m $445.3m | Added +2.0m |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.2m $255.0m | Added +1.8m |
| NORGES BANK 0.03% of their portfolio | 4.2m $208.4m | Added +1.7m |
| FMR LLC 0.01% of their portfolio | 3.6m $175.8m | Added +230.9k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 2.3m $113.8m | Reduced -20.6k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 2.2m $110.3m | Reduced -15.2k |
| Capital Research Global Investors 0.02% of their portfolio | 1.9m $93.7m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.9m $92.4m | Reduced -407.2k |
| Alyeska Investment Group, L.P. 0.41% of their portfolio | 1.6m $81.0m | Added +867.4k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.6m $76.6m | Added +104.4k |
| BlackRock, Inc. 0.00% of their portfolio | 1.4m $69.9m | First filing |
| SOROS FUND MANAGEMENT LLC 1.12% of their portfolio | 1.1m $56.1m | Added +637.1k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.1m $52.1m | Added +903.0k |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 1.0m $49.8m | Added +975.8k |
| Ghisallo Capital Management LLC 2.32% of their portfolio | 950.0k $46.8m | Added +475.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.14% of their portfolio | 928.3k $45.8m | New |
| AltraVue Capital, LLC 3.68% of their portfolio | 830.8k $41.0m | Unchanged |
| MARSHALL WACE, LLP 0.05% of their portfolio | 766.1k $37.8m | Added +472.3k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 756.5k $36.8m | Added +123.0k |
| BLAIR WILLIAM & CO/IL 0.10% of their portfolio | 723.2k $35.7m | Added +422.8k |
| Zimmer Partners, LP 0.66% of their portfolio | 710.0k $35.0m | Added +410.0k |
| Conestoga Capital Advisors, LLC 0.47% of their portfolio | 708.5k $34.9m | Added +15.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 700.0k $34.5m | Added +400.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 629.1k $31.0m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 600.9k $29.6m | Added +213.6k |
| MORGAN STANLEY 0.00% of their portfolio | 547.3k $27.0m | Added +348.7k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 526.8k $26.0m | Reduced -48.5k |
| Port Capital LLC 1.15% of their portfolio | 520.8k $25.7m | New |
| Oribel Capital Management, LP 2.52% of their portfolio | 468.1k $23.1m | New |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 463.3k $22.8m | Reduced -102.5k |
| ELEMENT CAPITAL MANAGEMENT LLC 0.98% of their portfolio | 438.4k $21.6m | New |
| J. Goldman & Co LP 0.93% of their portfolio | 432.4k $21.3m | Reduced -426.8k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 413.0k $20.4m | Added +89.8k |
| Reynders McVeigh Capital Management, LLC 0.96% of their portfolio | 368.7k $18.2m | Added +132.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 364.6k $18.0m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 362.3k $17.9m | Added +278.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 342.7k $16.9m | Added +117.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 308.1k $15.2m | Reduced -1.3m |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 292.8k $14.4m | Added +87.4k |
| STATE STREET CORP 0.00% of their portfolio | 269.6k $13.3m | Added +124.1k |
| Harvey Partners, LLC 1.48% of their portfolio | 261.5k $12.9m | Added +62.5k |
| Polar Asset Management Partners Inc. 0.30% of their portfolio | 257.7k $12.7m | New |
| SEVEN GRAND MANAGERS, LLC 2.75% of their portfolio | 250.0k $12.3m | Added +150.0k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 248.0k $12.2m | New |
| Blackstone Inc. 0.05% of their portfolio | 225.0k $11.1m | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 220.6k $10.9m | Added +5.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 219.1k $10.8m | Added +10.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 210.1k $10.4m | New |
| Point72 Europe (London) LLP 0.84% of their portfolio | 202.0k $10.0m | New |
| AEGON ASSET MANAGEMENT UK Plc 0.13% of their portfolio | 195.1k $9.6m | Not comparable |
| Capital Group Private Client Services, Inc. 0.09% of their portfolio | 195.1k $9.6m | Added +85.5k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 142.1k $7.0m | New |
| Engineers Gate Manager LP 0.14% of their portfolio | 141.7k $7.0m | Added +129.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 137.7k $6.8m | Added +64.0k |
| Capital International, Inc./CA/ 0.09% of their portfolio | 137.6k $6.8m | Added +73.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 137.0k $6.8m | Added +55.6k |
| TD Asset Management Inc 0.01% of their portfolio | 130.4k $6.5m | Unchanged |
| Baird Financial Group, Inc. 0.01% of their portfolio | 128.8k $6.3m | Added +88.6k |
| CAPITAL INTERNATIONAL SARL 0.16% of their portfolio | 126.4k $6.2m | Added +98.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 120.7k $5.9m | Reduced -5.9k |
| Monashee Investment Management LLC 0.63% of their portfolio | 118.5k $5.8m | Added +68.6k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 118.0k $5.8m | Added +38.5k |
| Jump Financial, LLC 0.12% of their portfolio | 114.2k $5.6m | Added +109.3k |
| Swiss National Bank 0.00% of their portfolio | 113.1k $5.6m | New |
| Kodai Capital Management LP 0.11% of their portfolio | 110.3k $5.4m | Added +16.4k |
| Maven Securities LTD 0.56% of their portfolio | 100.0k $4.9m | New |
| CAPITAL INTERNATIONAL LTD /CA/ 0.21% of their portfolio | 97.6k $4.8m | Added +73.3k |
| PICTON MAHONEY ASSET MANAGEMENT 0.18% of their portfolio | 96.7k $4.8m | New |
| Lisanti Capital Growth, LLC 1.16% of their portfolio | 92.9k $4.6m | Reduced -20.7k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.14% of their portfolio | 91.2k $4.5m | New |
| Squarepoint Ops LLC 0.01% of their portfolio | 89.5k $4.4m | Unchanged |
| Informed Momentum Co LLC 0.61% of their portfolio | 82.1k $4.0m | Added +146 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 75.5k $3.7m | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.66% of their portfolio | 73.4k $3.6m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 66.0k $3.3m | Reduced -50.0k |
| Flow State Investments, L.P. 1.42% of their portfolio | 65.2k $3.2m | Added +44.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 64.3k $3.2m | Added +8.2k |
| Granite Investment Partners, LLC 0.13% of their portfolio | 63.2k $3.1m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 59.6k $2.9m | Added +54.6k |
| Baker Chad R 0.57% of their portfolio | 58.8k $2.9m | New |
| Centiva Capital, LP 0.13% of their portfolio | 58.0k $2.9m | New |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 57.1k $2.8m | New |
| Crestline Management, L.P. 0.16% of their portfolio | 56.5k $2.8m | New |
| Empyrean Capital Partners, LP 0.15% of their portfolio | 55.0k $2.7m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 52.3k $2.6m | Reduced -143 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 51.4k $2.5m | New |
| COMERICA BANK 0.01% of their portfolio | 50.9k $2.5m | Added +1.1k |
| Legal & General Group Plc 0.00% of their portfolio | 50.7k $2.5m | Added +43.8k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 50.0k $2.5m | New |
| HALL LAURIE J TRUSTEE 0.77% of their portfolio | 49.0k $2.4m | Added +40 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 45.9k $2.3m | New |
| Mendel Money Management 0.96% of their portfolio | 45.1k $2.2m | Added +20.3k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 45.0k $2.2m | Reduced -10.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 43.6k $2.1m | Added +32.6k |
| Shay Capital LLC 0.63% of their portfolio | 43.0k $2.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 42.3k $2.1m | New |
| Renaissance Capital LLC 1.36% of their portfolio | 42.0k $2.1m | Added +7.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 41.7k $2.1m | Reduced -10.3k |
| Quantbot Technologies LP 0.07% of their portfolio | 35.2k $1.7m | New |