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 ($464.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.87. Options: 4 managers hold calls ($1.7m notional), 3 hold puts ($1.3m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 131 |
| Q3 2024 | 182 |
| Q4 2024 | 189 |
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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $0 | $0 | — |
| Q2 2024 | $370.4k | $1.1m | 2.88 |
| Q3 2024 | $24.8m | $2.6m | 0.11 |
| Q4 2024 | $1.7m | $1.3m | 0.74 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +2.0m |
| Capital International Investors | Added | +809.8k |
| WELLINGTON MANAGEMENT GROUP LLP | New | +643.4k |
| FMR LLC | Added | +612.8k |
| VANGUARD GROUP INC | Added | +401.5k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +397.5k |
| Qube Research & Technologies Ltd | Added | +362.6k |
| BlackRock, Inc. | Added | +313.8k |
| SCOPUS ASSET MANAGEMENT, L.P. | New | +300.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +288.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.6m |
| CITADEL ADVISORS LLC | Reduced | -1.3m |
| Alyeska Investment Group, L.P. | Reduced | -940.7k |
| MARSHALL WACE, LLP | Sold out | -766.1k |
| NORGES BANK | Reduced | -740.5k |
| Balyasny Asset Management L.P. | Reduced | -686.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -546.6k |
| Zimmer Partners, LP | Reduced | -545.0k |
| ELEMENT CAPITAL MANAGEMENT LLC | Sold out | -438.4k |
| Oribel Capital Management, LP | Reduced | -404.6k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $768.2k15.4k shares |
| CITADEL ADVISORS LLC | Reduced | $648.4k13.0k shares |
| Walleye Trading LLC | Reduced | $324.2k6.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $922.8k18.5k shares |
| CITADEL ADVISORS LLC | Added | $369.1k7.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2024 | 0 | — | 1 | $1.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-12 | Schjotz Gitte Officer | Sold | $1.1m21.0k shares |
| 2024-12-11 | Schjotz Gitte Officer | Sold | $10.1k192 shares |
| 2024-12-10 | Schjotz Gitte Officer | Sold | $143.3k2.7k shares |
| 2024-12-09 | Schjotz Gitte Officer | Sold | $312.4k5.9k shares |
| 2024-12-06 | Schjotz Gitte Officer | Sold | $79.9k1.5k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.11% of their portfolio | 11.7m $583.3m | Added +809.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.6m $278.0m | Added +401.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.4m $219.1m | Reduced -4.6m |
| T. Rowe Price Investment Management, Inc. 0.13% of their portfolio | 4.2m $210.7m | Added +2.0m |
| FMR LLC 0.01% of their portfolio | 4.2m $208.4m | Added +612.8k |
| NORGES BANK 0.02% of their portfolio | 3.5m $173.9m | Reduced -740.5k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 2.4m $119.2m | Added +81.4k |
| Capital Research Global Investors 0.02% of their portfolio | 1.9m $94.3m | Reduced -9.2k |
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $86.4m | Added +313.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 1.3m $66.2m | Reduced -546.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.19% of their portfolio | 1.3m $66.1m | Added +397.5k |
| SOROS FUND MANAGEMENT LLC 0.96% of their portfolio | 1.1m $54.9m | Reduced -37.1k |
| Ghisallo Capital Management LLC 2.77% of their portfolio | 950.0k $47.4m | Unchanged |
| AltraVue Capital, LLC 3.45% of their portfolio | 830.8k $41.4m | Unchanged |
| BLAIR WILLIAM & CO/IL 0.11% of their portfolio | 774.1k $38.6m | Added +50.9k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 756.5k $36.6m | Unchanged |
| Conestoga Capital Advisors, LLC 0.47% of their portfolio | 705.9k $35.2m | Reduced -2.6k |
| Alyeska Investment Group, L.P. 0.13% of their portfolio | 702.8k $35.1m | Reduced -940.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 700.0k $34.9m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 692.5k $34.5m | Added +165.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 666.9k $33.3m | Reduced -389.5k |
| FEDERATED HERMES, INC. 0.07% of their portfolio | 644.8k $32.2m | Added +231.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 643.4k $32.1m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 628.7k $31.4m | Added +27.7k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 574.6k $28.7m | Added +111.3k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 572.7k $28.6m | Added +362.6k |
| Port Capital LLC 1.22% of their portfolio | 537.1k $26.8m | Added +16.3k |
| MORGAN STANLEY 0.00% of their portfolio | 504.9k $25.2m | Reduced -42.4k |
| Burkehill Global Management, LP 2.37% of their portfolio | 500.0k $24.9m | First filing |
| Reynders McVeigh Capital Management, LLC 1.24% of their portfolio | 473.2k $23.6m | Added +104.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 426.6k $21.3m | Added +64.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 425.3k $21.2m | Added +117.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 378.4k $19.0m | Added +13.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 367.8k $18.3m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 365.3k $18.2m | Added +22.6k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 324.3k $16.2m | Reduced -686.6k |
| STATE STREET CORP 0.00% of their portfolio | 318.0k $15.9m | Added +48.4k |
| Harvey Partners, LLC 1.76% of their portfolio | 312.9k $15.6m | Added +51.4k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.55% of their portfolio | 300.0k $15.0m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 288.3k $14.4m | New |
| Ranger Investment Management, L.P. 0.88% of their portfolio | 278.9k $13.9m | New |
| Blackstone Inc. 0.06% of their portfolio | 250.0k $12.5m | Added +25.0k |
| SEVEN GRAND MANAGERS, LLC 5.71% of their portfolio | 250.0k $12.5m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 243.4k $12.1m | Reduced -1.3m |
| TD Asset Management Inc 0.01% of their portfolio | 241.0k $12.0m | Added +110.6k |
| AEGON ASSET MANAGEMENT UK Plc 0.15% of their portfolio | 235.5k $11.7m | Added +40.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 225.9k $11.3m | Added +6.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 225.2k $11.2m | Reduced -403.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 214.7k $10.7m | Added +148.7k |
| Capital Group Private Client Services, Inc. 0.09% of their portfolio | 195.0k $9.7m | Reduced -126 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 183.7k $9.2m | Added +46.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 169.0k $8.4m | Added +31.3k |
| Zimmer Partners, LP 0.14% of their portfolio | 165.0k $8.2m | Reduced -545.0k |
| Capital International, Inc./CA/ 0.10% of their portfolio | 164.4k $8.2m | Added +26.7k |
| Polar Asset Management Partners Inc. 0.12% of their portfolio | 163.9k $8.2m | Reduced -93.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 160.0k $8.0m | Added +84.5k |
| J. Goldman & Co LP 0.28% of their portfolio | 157.2k $7.8m | Reduced -275.2k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 150.7k $7.5m | Added +8.6k |
| CAPITAL INTERNATIONAL SARL 0.17% of their portfolio | 145.3k $7.2m | Added +18.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 142.6k $7.1m | Added +120.1k |
| Engineers Gate Manager LP 0.12% of their portfolio | 137.2k $6.8m | Reduced -4.5k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 126.7k $6.3m | Reduced -2.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 124.6k $6.2m | Added +3.9k |
| UBS Group AG 0.00% of their portfolio | 122.0k $6.1m | Added +117.0k |
| Swiss National Bank 0.00% of their portfolio | 121.7k $6.1m | Added +8.6k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 118.0k $5.9m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.22% of their portfolio | 114.7k $5.7m | Added +18.0k |
| Baker Chad R 1.10% of their portfolio | 112.3k $5.6m | Added +53.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 110.6k $5.5m | Added +68.3k |
| Tribune Investment Group LP 2.93% of their portfolio | 105.0k $5.2m | First filing |
| CAPITAL INTERNATIONAL LTD /CA/ 0.21% of their portfolio | 102.5k $5.1m | Added +4.9k |
| Lisanti Capital Growth, LLC 1.12% of their portfolio | 93.6k $4.7m | Added +690 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 92.0k $4.6m | Added +32.3k |
| Squarepoint Ops LLC 0.01% of their portfolio | 89.5k $4.5m | Unchanged |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 88.8k $4.4m | Reduced -204.1k |
| Renaissance Capital LLC 2.87% of their portfolio | 87.6k $4.4m | Added +45.6k |
| Jump Financial, LLC 0.09% of their portfolio | 84.3k $4.2m | Reduced -29.9k |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 82.7k $4.1m | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.68% of their portfolio | 75.4k $3.8m | Added +2.0k |
| Walleye Capital LLC 0.03% of their portfolio | 73.6k $3.7m | New |
| Weiss Asset Management LP 0.08% of their portfolio | 72.6k $3.6m | Added +62.6k |
| Kodai Capital Management LP 0.14% of their portfolio | 67.3k $3.4m | Reduced -43.0k |
| Quantbot Technologies LP 0.12% of their portfolio | 67.2k $3.4m | Added +32.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 66.5k $3.3m | Added +2.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 65.3k $3.3m | Added +13.1k |
| Oribel Capital Management, LP 0.22% of their portfolio | 63.5k $3.2m | Reduced -404.6k |
| Trexquant Investment LP 0.03% of their portfolio | 58.1k $2.9m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 57.6k $2.9m | New |
| Granite Investment Partners, LLC 0.12% of their portfolio | 55.8k $2.8m | Reduced -7.4k |
| HALL LAURIE J TRUSTEE 0.88% of their portfolio | 54.0k $2.7m | Added +5.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 53.3k $2.7m | Added +1.9k |
| Legal & General Group Plc 0.00% of their portfolio | 52.2k $2.6m | Added +1.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 50.9k $2.5m | Added +7.3k |
| COMERICA BANK 0.01% of their portfolio | 50.8k $2.5m | Reduced -114 |
| THORNBURG INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 50.0k $2.5m | Unchanged |
| Mendel Money Management 1.07% of their portfolio | 48.2k $2.4m | Added +3.0k |
| Concentric Capital Strategies, LP 0.15% of their portfolio | 46.4k $2.3m | Added +20.7k |
| Repertoire Partners LP 4.90% of their portfolio | 45.6k $2.3m | New |
| COHEN & STEERS, INC. 0.00% of their portfolio | 45.0k $2.2m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 44.4k $2.2m | Added +42.2k |