Vault-13

UL SOLUTIONS INC ULS

CLASS A COM SHS · Common Stock · CUSIP 903731107

Safety certification company

182 institutional holders +51 vs Q2 2024
70,230,93470.2m shares reported held*
$3.5bnreported value*
71 new 68 added 27 reduced 19 sold out net bought ≈ $1.1bn (+23.3m shares)

* 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

0100200Q2 24: 131Q3 24: 182182Q2 24Q3 24
Numbers
QuarterHolders
Q2 2024131
Q3 2024182

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $370.4kQ2 24 puts: $1.1mQ2 24P/C 2.88Q3 24 calls: $24.8mQ3 24 puts: $2.6mQ3 24P/C 0.11
Numbers
QuarterCallsPutsP/C
Q4 2023$0$0—
Q1 2024$0$0—
Q2 2024$370.4k$1.1m2.88
Q3 2024$24.8m$2.6m0.11

Biggest buyers

Capital International Investors Added +7,282,292+7.3m
JPMORGAN CHASE & CO Added +2,045,702+2.0m
VANGUARD GROUP INC Added +1,760,764+1.8m
NORGES BANK Added +1,679,638+1.7m
Balyasny Asset Management L.P. Added +975,811+975.8k
ACADIAN ASSET MANAGEMENT LLC New +928,296+928.3k
MILLENNIUM MANAGEMENT LLC Added +902,972+903.0k
Alyeska Investment Group, L.P. Added +867,382+867.4k
SOROS FUND MANAGEMENT LLC Added +637,077+637.1k
GOLDMAN SACHS GROUP INC New +629,106+629.1k

Biggest sellers

AMERICAN CENTURY COMPANIES INC Reduced -1,323,344-1.3m
J. Goldman & Co LP Reduced -426,832-426.8k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -407,187-407.2k
ArrowMark Colorado Holdings LLC Sold out -344,881-344.9k
Holocene Advisors, LP Sold out -262,712-262.7k
Hudson Bay Capital Management LP Sold out -231,667-231.7k
Walleye Capital LLC Sold out -139,834-139.8k
TWO SIGMA ADVISERS, LP Reduced -102,500-102.5k
Woodline Partners LP Sold out -100,000-100.0k
BARCLAYS PLC Reduced -75,915-75.9k

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.

HolderStakeChangeShares Last filed
ULSE Inc. 13G · exempt (held before listing) filed 2026-02-10 61.6% 123.8m≈ $12.6bn 2026-02-10
T. Rowe Price Investment Management, Inc. 13G · institution +2.2 pts · filed 2026-10-07 10.7% +2.2 pts 8.4m≈ $854.7m 2026-10-07
BlackRock, Inc. 13G · institution +2.7 pts · filed 2026-07-30 8.9% +2.7 pts 6.9m≈ $702.9m 2026-07-30
Capital International Investors 13G · institution -2.6 pts · filed 2026-05-14 8.4% -2.6 pts 6.5m≈ $664.2m 2026-05-14
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 13G · institution -1.8 pts · filed 2026-08-13 6.0% -1.8 pts 4.7m≈ $478.2m 2026-08-13
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.2% new 4.0m≈ $412.4m 2026-04-30

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)

BuyingSelling
40040Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 22 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 202422$11.6m0——
Q3 20240—0——
DateInsiderTradeSharesPrice ValueTheir holding
2024-09-23 ULSE Inc. 10% owner Sold 3,000,000 $49.00 $147.0m3.0m shares -100%
2024-09-09 ULSE Inc. 10% owner Sold 20,000,000 $49.00 $980.0m20.0m shares -100%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.10% of their portfolio Los Angeles, CA 10,882,17810.9m $536.6m $536.6m 0.10% Added +7.3m +7,282,292
2 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 9,032,7609.0m $445.3m $445.3m 0.02% Added +2.0m +2,045,702
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,172,2035.2m $255.0m $255.0m 0.00% Added +1.8m +1,760,764
4 NORGES BANK 0.03% of their portfolio OSLO, Q8 4,226,2804.2m $208.4m $208.4m 0.03% Added +1.7m +1,679,638
5 FMR LLC 0.01% of their portfolio BOSTON, MA 3,565,2383.6m $175.8m $175.8m 0.01% Added +230.9k +230,886
6 JANUS HENDERSON GROUP PLC 0.06% of their portfolio LONDON, X0 2,307,6512.3m $113.8m $113.8m 0.06% Reduced -20.6k -20,559
7 T. Rowe Price Investment Management, Inc. 0.07% of their portfolio BALTIMORE, MD 2,237,4142.2m $110.3m $110.3m 0.07% Reduced -15.2k -15,184
8 Capital Research Global Investors 0.02% of their portfolio Los Angeles, CA 1,900,0001.9m $93.7m $93.7m 0.02% Unchanged
9 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 1,874,4511.9m $92.4m $92.4m 0.03% Reduced -407.2k -407,187
10 Alyeska Investment Group, L.P. 0.41% of their portfolio CHICAGO, IL 1,643,5371.6m $81.0m $81.0m 0.41% Added +867.4k +867,382
11 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 1,554,5031.6m $76.6m $76.6m 0.08% Added +104.4k +104,403
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,417,6711.4m $69.9m $69.9m 0.00% First filing
13 SOROS FUND MANAGEMENT LLC 1.12% of their portfolio NEW YORK, NY 1,137,0771.1m $56.1m $56.1m 1.12% Added +637.1k +637,077
14 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 1,056,3931.1m $52.1m $52.1m 0.05% Added +903.0k +902,972
15 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 1,010,9041.0m $49.8m $49.8m 0.13% Added +975.8k +975,811
16 Ghisallo Capital Management LLC 2.32% of their portfolio BOSTON, MA 950,000950.0k $46.8m $46.8m 2.32% Added +475.0k +475,000
17 ACADIAN ASSET MANAGEMENT LLC 0.14% of their portfolio Boston, MA 928,296928.3k $45.8m $45.8m 0.14% New
18 AltraVue Capital, LLC 3.68% of their portfolio BELLEVUE, WA 830,766830.8k $41.0m $41.0m 3.68% Unchanged
19 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 766,097766.1k $37.8m $37.8m 0.05% Added +472.3k +472,283
20 DekaBank Deutsche Girozentrale 0.07% of their portfolio FRANKFURT, 2M 756,505756.5k $36.8m $36.8m 0.07% Added +123.0k +122,975
21 BLAIR WILLIAM & CO/IL 0.10% of their portfolio CHICAGO, IL 723,184723.2k $35.7m $35.7m 0.10% Added +422.8k +422,818
22 Zimmer Partners, LP 0.66% of their portfolio NEW YORK, NY 710,000710.0k $35.0m $35.0m 0.66% Added +410.0k +410,000
23 Conestoga Capital Advisors, LLC 0.47% of their portfolio WAYNE, PA 708,513708.5k $34.9m $34.9m 0.47% Added +15.7k +15,722
24 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio TORONTO, A6 700,000700.0k $34.5m $34.5m 0.08% Added +400.0k +400,000
25 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 629,106629.1k $31.0m $31.0m 0.01% New
26 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 600,936600.9k $29.6m $29.6m 0.00% Added +213.6k +213,635
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 547,277547.3k $27.0m $27.0m 0.00% Added +348.7k +348,736
28 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 526,764526.8k $26.0m $26.0m 0.06% Reduced -48.5k -48,463
29 Port Capital LLC 1.15% of their portfolio CHICAGO, IL 520,785520.8k $25.7m $25.7m 1.15% New
30 Oribel Capital Management, LP 2.52% of their portfolio NEW YORK, NY 468,100468.1k $23.1m $23.1m 2.52% New
31 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 463,300463.3k $22.8m $22.8m 0.05% Reduced -102.5k -102,500
32 ELEMENT CAPITAL MANAGEMENT LLC 0.98% of their portfolio New York, NY 438,446438.4k $21.6m $21.6m 0.98% New
33 J. Goldman & Co LP 0.93% of their portfolio NEW YORK, NY 432,445432.4k $21.3m $21.3m 0.93% Reduced -426.8k -426,832
34 FEDERATED HERMES, INC. 0.04% of their portfolio PITTSBURGH, PA 413,000413.0k $20.4m $20.4m 0.04% Added +89.8k +89,800
35 Reynders McVeigh Capital Management, LLC 0.96% of their portfolio BOSTON, MA 368,709368.7k $18.2m $18.2m 0.96% Added +132.6k +132,647
36 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 364,567364.6k $18.0m $18.0m 0.02% New
37 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 362,300362.3k $17.9m $17.9m 0.03% Added +278.5k +278,500
38 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 342,707342.7k $16.9m $16.9m 0.00% Added +117.8k +117,794
39 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 308,131308.1k $15.2m $15.2m 0.01% Reduced -1.3m -1,323,344
40 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 292,840292.8k $14.4m $14.4m 0.02% Added +87.4k +87,396
41 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 269,616269.6k $13.3m $13.3m 0.00% Added +124.1k +124,116
42 Harvey Partners, LLC 1.48% of their portfolio Tarrytown, NY 261,500261.5k $12.9m $12.9m 1.48% Added +62.5k +62,500
43 Polar Asset Management Partners Inc. 0.30% of their portfolio TORONTO, A6 257,700257.7k $12.7m $12.7m 0.30% New
44 SEVEN GRAND MANAGERS, LLC 2.75% of their portfolio BRONXVILLE, NY 250,000250.0k $12.3m $12.3m 2.75% Added +150.0k +150,000
45 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 247,982248.0k $12.2m $12.2m 0.04% New
46 Blackstone Inc. 0.05% of their portfolio NEW YORK, NY 225,000225.0k $11.1m $11.1m 0.05% Unchanged
47 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 220,609220.6k $10.9m $10.9m 0.01% Added +5.2k +5,177
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 219,147219.1k $10.8m $10.8m 0.00% Added +10.3k +10,342
49 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 210,124210.1k $10.4m $10.4m 0.02% New
50 Point72 Europe (London) LLP 0.84% of their portfolio LONDON, X0 202,000202.0k $10.0m $10.0m 0.84% New
51 AEGON ASSET MANAGEMENT UK Plc 0.13% of their portfolio EDINBURGH, X0 195,105195.1k $9.6m $9.6m 0.13% Not comparable
52 Capital Group Private Client Services, Inc. 0.09% of their portfolio Los Angeles, CA 195,097195.1k $9.6m $9.6m 0.09% Added +85.5k +85,523
53 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 142,106142.1k $7.0m $7.0m 0.01% New
54 Engineers Gate Manager LP 0.14% of their portfolio NEW YORK, NY 141,691141.7k $7.0m $7.0m 0.14% Added +129.7k +129,704
55 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 137,715137.7k $6.8m $6.8m 0.00% Added +64.0k +63,969
56 Capital International, Inc./CA/ 0.09% of their portfolio Los Angeles, CA 137,630137.6k $6.8m $6.8m 0.09% Added +73.0k +72,990
57 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 136,988137.0k $6.8m $6.8m 0.00% Added +55.6k +55,594
58 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 130,354130.4k $6.5m $6.5m 0.01% Unchanged
59 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 128,755128.8k $6.3m $6.3m 0.01% Added +88.6k +88,629
60 CAPITAL INTERNATIONAL SARL 0.16% of their portfolio Los Angeles, CA 126,434126.4k $6.2m $6.2m 0.16% Added +98.4k +98,412
61 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 120,650120.7k $5.9m $5.9m 0.00% Reduced -5.9k -5,884
62 Monashee Investment Management LLC 0.63% of their portfolio Boston, MA 118,543118.5k $5.8m $5.8m 0.63% Added +68.6k +68,563
63 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 118,000118.0k $5.8m $5.8m 0.04% Added +38.5k +38,500
64 Jump Financial, LLC 0.12% of their portfolio Chicago, IL 114,200114.2k $5.6m $5.6m 0.12% Added +109.3k +109,273
65 Swiss National Bank 0.00% of their portfolio ZURICH, V8 113,100113.1k $5.6m $5.6m 0.00% New
66 Kodai Capital Management LP 0.11% of their portfolio CHICAGO, IL 110,300110.3k $5.4m $5.4m 0.11% Added +16.4k +16,445
67 Maven Securities LTD 0.56% of their portfolio ST HELIER, Y9 100,000100.0k $4.9m $4.9m 0.56% New
68 CAPITAL INTERNATIONAL LTD /CA/ 0.21% of their portfolio LOS ANGELES, CA 97,64297.6k $4.8m $4.8m 0.21% Added +73.3k +73,333
69 PICTON MAHONEY ASSET MANAGEMENT 0.18% of their portfolio Toronto, A6 96,70296.7k $4.8m $4.8m 0.18% New
70 Lisanti Capital Growth, LLC 1.16% of their portfolio NEW YORK, NY 92,93092.9k $4.6m $4.6m 1.16% Reduced -20.7k -20,685
71 BOOTHBAY FUND MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 91,18491.2k $4.5m $4.5m 0.14% New
72 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 89,50089.5k $4.4m $4.4m 0.01% Unchanged
73 Informed Momentum Co LLC 0.61% of their portfolio SOLANA BEACH, CA 82,13282.1k $4.0m $4.0m 0.61% Added +146 +146
74 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 75,52675.5k $3.7m $3.7m 0.00% New
75 OCCUDO QUANTITATIVE STRATEGIES LP 0.66% of their portfolio FORT LAUDERDALE, FL 73,44073.4k $3.6m $3.6m 0.66% New
76 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 66,02866.0k $3.3m $3.3m 0.00% Reduced -50.0k -50,035
77 Flow State Investments, L.P. 1.42% of their portfolio CHICAGO, IL 65,20065.2k $3.2m $3.2m 1.42% Added +44.2k +44,200
78 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 64,31164.3k $3.2m $3.2m 0.00% Added +8.2k +8,198
79 Granite Investment Partners, LLC 0.13% of their portfolio EL SEGUNDO, CA 63,15963.2k $3.1m $3.1m 0.13% New
80 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 59,62759.6k $2.9m $2.9m 0.01% Added +54.6k +54,627
81 Baker Chad R 0.57% of their portfolio PERRYSBURG, OH 58,80058.8k $2.9m $2.9m 0.57% New
82 Centiva Capital, LP 0.13% of their portfolio New York, NY 58,03458.0k $2.9m $2.9m 0.13% New
83 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 57,06957.1k $2.8m $2.8m 0.02% New
84 Crestline Management, L.P. 0.16% of their portfolio FORT WORTH, TX 56,45456.5k $2.8m $2.8m 0.16% New
85 Empyrean Capital Partners, LP 0.15% of their portfolio LOS ANGELES, CA 55,00055.0k $2.7m $2.7m 0.15% New
86 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 52,25652.3k $2.6m $2.6m 0.00% Reduced -143 -143
87 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 51,39551.4k $2.5m $2.5m 0.00% New
88 COMERICA BANK 0.01% of their portfolio DALLAS, TX 50,91850.9k $2.5m $2.5m 0.01% Added +1.1k +1,129
89 Legal & General Group Plc 0.00% of their portfolio London, X0 50,70850.7k $2.5m $2.5m 0.00% Added +43.8k +43,847
90 THORNBURG INVESTMENT MANAGEMENT INC 0.03% of their portfolio SANTA FE, NM 50,00050.0k $2.5m $2.5m 0.03% New
91 HALL LAURIE J TRUSTEE 0.77% of their portfolio BOSTON, MA 49,01049.0k $2.4m $2.4m 0.77% Added +40 +40
92 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 45,93945.9k $2.3m $2.3m 0.00% New
93 Mendel Money Management 0.96% of their portfolio NORTHBROOK, IL 45,11545.1k $2.2m $2.2m 0.96% Added +20.3k +20,255
94 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 45,00045.0k $2.2m $2.2m 0.00% Reduced -10.0k -10,000
95 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 43,56943.6k $2.1m $2.1m 0.00% Added +32.6k +32,569
96 Shay Capital LLC 0.63% of their portfolio NEW YORK, NY 43,00043.0k $2.1m $2.1m 0.63% New
97 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 42,30742.3k $2.1m $2.1m 0.00% New
98 Renaissance Capital LLC 1.36% of their portfolio Stamford, CT 42,01442.0k $2.1m $2.1m 1.36% Added +7.0k +7,015
99 PEREGRINE CAPITAL MANAGEMENT LLC 0.06% of their portfolio MINNEAPOLIS, MN 41,70041.7k $2.1m $2.1m 0.06% Reduced -10.3k -10,300
100 Quantbot Technologies LP 0.07% of their portfolio NEW YORK, NY 35,16235.2k $1.7m $1.7m 0.07% New