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 ($977.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.35. Options: 6 managers hold calls ($6.2m notional), 6 hold puts ($18.3m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 131 |
| Q3 2024 | 182 |
| Q4 2024 | 189 |
| Q1 2025 | 191 |
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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $370.4k | $1.1m | 2.88 |
| Q3 2024 | $24.8m | $2.6m | 0.11 |
| Q4 2024 | $1.7m | $1.3m | 0.74 |
| Q1 2025 | $6.2m | $18.3m | 2.95 |
Biggest buyers
| BESSEMER GROUP INC | New | +1.4m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | New | +1.0m |
| BROWN BROTHERS HARRIMAN & CO | New | +665.4k |
| JANUS HENDERSON GROUP PLC | Added | +648.5k |
| FIRST TRUST ADVISORS LP | Added | +372.5k |
| FMR LLC | Added | +307.7k |
| T. Rowe Price Investment Management, Inc. | Added | +305.7k |
| GOLDMAN SACHS GROUP INC | Added | +234.9k |
| BOWEN HANES & CO INC | New | +210.0k |
| Driehaus Capital Management LLC | New | +197.1k |
Biggest sellers
| NORGES BANK | Reduced | -1.6m |
| DekaBank Deutsche Girozentrale | Sold out | -756.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -648.7k |
| Alyeska Investment Group, L.P. | Reduced | -495.9k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -478.7k |
| Balyasny Asset Management L.P. | Sold out | -324.3k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -257.4k |
| Blackstone Inc. | Sold out | -250.0k |
| CITADEL ADVISORS LLC | Sold out | -243.4k |
| SOROS FUND MANAGEMENT LLC | Reduced | -233.7k |
Biggest calls
| SCOPUS ASSET MANAGEMENT, L.P. | New | $2.8m50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.1m20.1k shares |
| JANE STREET GROUP, LLC | Added | $1.1m18.7k shares |
| CITADEL ADVISORS LLC | Added | $817.8k14.5k shares |
| SIMPLEX TRADING, LLC | New | $360.0k6.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SCOPUS ASSET MANAGEMENT, L.P. | New | $11.3m200.0k shares |
| Hudson Bay Capital Management LP | New | $3.9m70.0k shares |
| WOLVERINE TRADING, LLC | New | $2.1m38.0k shares |
| CITADEL ADVISORS LLC | Added | $490.7k8.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $439.9k7.8k 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 Q1 2025
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2025 | 1 | $2.4k | 1 | $102.7k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-10 | Genovesi John A Officer | Bought | $2.4k45 shares |
| 2025-03-07 | Uggetti Alberto EVP & CCO | Sold | $102.7k1.9k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.13% of their portfolio | 11.8m $662.8m | Added +65.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.5m $312.8m | Reduced -27.5k |
| T. Rowe Price Investment Management, Inc. 0.17% of their portfolio | 4.5m $255.5m | Added +305.7k |
| FMR LLC 0.02% of their portfolio | 4.5m $253.0m | Added +307.7k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.5m $252.3m | Added +82.3k |
| JANUS HENDERSON GROUP PLC 0.09% of their portfolio | 3.0m $169.2m | Added +648.5k |
| Capital Research Global Investors 0.02% of their portfolio | 2.0m $114.3m | Added +136.3k |
| NORGES BANK 0.02% of their portfolio | 1.9m $108.6m | Reduced -1.6m |
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $94.6m | Reduced -54.4k |
| BESSEMER GROUP INC 0.14% of their portfolio | 1.4m $80.6m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.17% of their portfolio | 1.1m $60.2m | Reduced -257.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.14% of their portfolio | 1.0m $58.0m | New |
| Ghisallo Capital Management LLC 4.66% of their portfolio | 950.0k $53.6m | Unchanged |
| SOROS FUND MANAGEMENT LLC 0.87% of their portfolio | 866.3k $48.9m | Reduced -233.7k |
| AltraVue Capital, LLC 4.70% of their portfolio | 830.8k $46.9m | Unchanged |
| BLAIR WILLIAM & CO/IL 0.12% of their portfolio | 733.9k $41.4m | Reduced -40.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 718.7k $40.5m | Added +75.4k |
| Conestoga Capital Advisors, LLC 0.60% of their portfolio | 710.3k $40.1m | Added +4.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 679.1k $38.3m | Reduced -648.7k |
| BROWN BROTHERS HARRIMAN & CO 0.26% of their portfolio | 665.4k $37.5m | New |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 657.2k $37.1m | Added +12.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 652.9k $36.8m | Added +24.2k |
| Port Capital LLC 1.57% of their portfolio | 614.5k $34.7m | Added +77.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 600.0k $33.8m | Reduced -100.0k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 581.0k $32.8m | Reduced -111.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 550.3k $31.0m | Added +125.0k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 541.1k $30.5m | Reduced -31.6k |
| Reynders McVeigh Capital Management, LLC 1.70% of their portfolio | 541.1k $30.5m | Added +67.9k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 534.7k $30.2m | Reduced -39.9k |
| Burkehill Global Management, LP 2.10% of their portfolio | 500.0k $28.2m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 460.2k $26.0m | Added +234.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 439.0k $24.8m | Added +372.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 388.6k $21.6m | Added +10.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 377.1k $21.3m | Added +11.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 358.7k $20.2m | Reduced -9.0k |
| STATE STREET CORP 0.00% of their portfolio | 336.9k $19.0m | Added +18.8k |
| Harvey Partners, LLC 2.22% of their portfolio | 332.0k $18.7m | Added +19.1k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.65% of their portfolio | 316.0k $17.8m | Added +16.0k |
| UBS Group AG 0.00% of their portfolio | 298.6k $16.8m | Added +176.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 284.5k $16.0m | Reduced -142.1k |
| Ranger Investment Management, L.P. 1.11% of their portfolio | 274.9k $15.5m | Reduced -4.1k |
| AEGON ASSET MANAGEMENT UK Plc 0.23% of their portfolio | 274.4k $15.5m | Added +38.9k |
| MORGAN STANLEY 0.00% of their portfolio | 271.6k $15.3m | Reduced -233.3k |
| TD Asset Management Inc 0.01% of their portfolio | 261.9k $14.8m | Added +20.9k |
| SEVEN GRAND MANAGERS, LLC 3.29% of their portfolio | 250.0k $14.1m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 232.9k $13.1m | Added +49.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 219.9k $12.4m | Reduced -6.0k |
| BOWEN HANES & CO INC 0.33% of their portfolio | 210.0k $11.8m | New |
| Alyeska Investment Group, L.P. 0.05% of their portfolio | 206.9k $11.7m | Reduced -495.9k |
| Driehaus Capital Management LLC 0.11% of their portfolio | 197.1k $11.1m | New |
| Capital Group Private Client Services, Inc. 0.11% of their portfolio | 192.0k $10.8m | Reduced -3.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 188.7k $10.6m | Reduced -26.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 188.2k $10.6m | Reduced -478.7k |
| Waratah Capital Advisors Ltd. 0.68% of their portfolio | 177.5k $10.0m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 174.2k $9.8m | Added +5.2k |
| Baker Chad R 1.90% of their portfolio | 165.5k $9.3m | Added +53.2k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 159.8k $9.0m | New |
| Capital International, Inc./CA/ 0.11% of their portfolio | 157.6k $8.9m | Reduced -6.7k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 157.1k $8.9m | Added +6.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 156.8k $8.8m | Added +32.2k |
| CAPITAL INTERNATIONAL SARL 0.20% of their portfolio | 153.7k $8.7m | Added +8.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 146.8k $8.3m | Added +4.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 143.4k $8.1m | Added +78.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 143.3k $8.1m | Reduced -145.1k |
| Baird Financial Group, Inc. 0.02% of their portfolio | 139.7k $7.9m | Added +13.0k |
| Engineers Gate Manager LP 0.12% of their portfolio | 127.7k $7.2m | Reduced -9.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 123.8k $7.0m | Added +13.2k |
| Swiss National Bank 0.00% of their portfolio | 120.1k $6.8m | Reduced -1.6k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 119.0k $6.7m | Added +1.0k |
| PICTON MAHONEY ASSET MANAGEMENT 0.23% of their portfolio | 118.6k $6.7m | Added +3.9k |
| Lisanti Capital Growth, LLC 1.98% of their portfolio | 118.2k $6.7m | Added +24.5k |
| Tribune Investment Group LP 3.40% of their portfolio | 105.0k $5.9m | Unchanged |
| CAPITAL INTERNATIONAL LTD /CA/ 0.25% of their portfolio | 103.1k $5.8m | Added +564 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 93.1k $5.3m | Added +1.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 90.4k $5.1m | Added +1.6k |
| Granite Investment Partners, LLC 0.25% of their portfolio | 87.3k $4.9m | Added +31.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 84.6k $4.8m | Added +53.2k |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 83.5k $4.7m | Added +782 |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 73.2k $4.1m | Added +65.2k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 71.1k $4.0m | Added +20.2k |
| Renaissance Capital LLC 3.05% of their portfolio | 70.0k $3.9m | Reduced -17.6k |
| ECOFI INVESTISSEMENTS SA 2.04% of their portfolio | 66.6k $3.2m | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 59.5k $3.4m | Added +16.6k |
| HALL LAURIE J TRUSTEE 1.13% of their portfolio | 56.1k $3.2m | Added +2.0k |
| Candriam S.C.A. 0.02% of their portfolio | 55.1k $3.1m | New |
| STRS OHIO 0.01% of their portfolio | 55.0k $3.1m | New |
| COMERICA BANK 0.01% of their portfolio | 54.6k $3.1m | Added +3.8k |
| Legal & General Group Plc 0.00% of their portfolio | 54.4k $3.1m | Added +2.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 53.3k $3.0m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 53.2k $3.0m | Added +36.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 51.8k $2.9m | Added +11.1k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.12% of their portfolio | 48.1k $2.7m | New |
| Mendel Money Management 1.24% of their portfolio | 46.4k $2.6m | Reduced -1.7k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 45.0k $2.5m | Unchanged |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 41.7k $2.4m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 38.2k $2.2m | Added +21.1k |
| J. Goldman & Co LP 0.07% of their portfolio | 33.9k $1.9m | Reduced -123.3k |
| Munro Partners 0.09% of their portfolio | 33.8k $1.9m | Added +15.9k |
| AIA Group Ltd 0.04% of their portfolio | 30.6k $1.7m | Unchanged |
| Kodai Capital Management LP 0.06% of their portfolio | 26.6k $1.5m | Reduced -40.7k |