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 ($4.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.81. Options: 7 managers hold calls ($27.2m notional), 7 hold puts ($71.8m).
Trends to Q2 2025
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 |
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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $24.8m | $2.6m | 0.11 |
| Q4 2024 | $1.7m | $1.3m | 0.74 |
| Q1 2025 | $6.2m | $18.3m | 2.95 |
| Q2 2025 | $27.2m | $71.8m | 2.64 |
Biggest buyers
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +5.6m |
| Capital Research Global Investors | Added | +1.2m |
| DekaBank Deutsche Girozentrale | New | +756.5k |
| Electron Capital Partners, LLC | New | +625.3k |
| BESSEMER GROUP INC | Added | +460.4k |
| Conestoga Capital Advisors, LLC | Added | +459.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +440.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +346.6k |
| FIRST TRUST ADVISORS LP | Added | +284.0k |
| FMR LLC | Added | +275.7k |
Biggest sellers
| Capital International Investors | Reduced | -4.9m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.1m |
| NORGES BANK | Reduced | -701.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -600.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -572.3k |
| Ghisallo Capital Management LLC | Reduced | -450.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -254.2k |
| BOWEN HANES & CO INC | Sold out | -210.0k |
| Alyeska Investment Group, L.P. | Sold out | -206.9k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $17.1m235.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.6m90.0k shares |
| CITADEL ADVISORS LLC | Added | $1.4m19.5k shares |
| SIMPLEX TRADING, LLC | Added | $794.0k10.9k shares |
| Walleye Trading LLC | New | $677.6k9.3k shares |
| Walleye Capital LLC | New | $619.3k8.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Yiheng Capital Management, L.P. | New | $61.3m841.8k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | Reduced | $9.0m123.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $779.6k10.7k shares |
| CITADEL ADVISORS LLC | Reduced | $619.3k8.5k shares |
| Walleye Trading LLC | New | $43.7k600 shares |
| SIMPLEX TRADING, LLC | New | $29.0k400 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2025 | 1 | $2.3k | 2 | $609.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-09 | Genovesi John A Officer | Bought | $2.3k33 shares |
| 2025-05-08 | Uggetti Alberto EVP & CCO | Sold | $137.3k2.0k shares |
| 2025-05-07 | Schjotz Gitte Officer | Sold | $472.1k7.0k 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 2025
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.09% of their portfolio | 6.8m $496.0m | Reduced -4.9m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.16% of their portfolio | 6.7m $485.3m | Added +5.6m |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.5m $403.9m | Reduced -2.8k |
| FMR LLC 0.02% of their portfolio | 4.8m $346.9m | Added +275.7k |
| T. Rowe Price Investment Management, Inc. 0.16% of their portfolio | 3.5m $252.5m | Reduced -1.1m |
| Capital Research Global Investors 0.05% of their portfolio | 3.3m $238.2m | Added +1.2m |
| JANUS HENDERSON GROUP PLC 0.11% of their portfolio | 3.0m $216.2m | Reduced -70.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.8m $205.5m | Reduced -1.7m |
| BESSEMER GROUP INC 0.22% of their portfolio | 1.9m $137.7m | Added +460.4k |
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $123.4m | Added +16.9k |
| NORGES BANK 0.01% of their portfolio | 1.2m $89.2m | Reduced -701.2k |
| Conestoga Capital Advisors, LLC 1.26% of their portfolio | 1.2m $85.2m | Added +459.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.16% of their portfolio | 1.0m $75.3m | Reduced -34.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 999.5k $72.8m | Added +346.6k |
| AltraVue Capital, LLC 5.32% of their portfolio | 830.8k $60.5m | Unchanged |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 768.1k $56.0m | Added +227.0k |
| SOROS FUND MANAGEMENT LLC 0.95% of their portfolio | 756.6k $55.1m | Reduced -109.7k |
| DekaBank Deutsche Girozentrale 0.09% of their portfolio | 756.5k $52.4m | New |
| BLAIR WILLIAM & CO/IL 0.15% of their portfolio | 748.6k $54.5m | Added +14.7k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 723.0k $52.7m | Added +284.0k |
| BROWN BROTHERS HARRIMAN & CO 0.33% of their portfolio | 696.0k $50.7m | Added +30.6k |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 657.2k $47.9m | Unchanged |
| Electron Capital Partners, LLC 2.44% of their portfolio | 625.3k $45.6m | New |
| Port Capital LLC 1.92% of their portfolio | 619.0k $45.1m | Added +4.5k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 577.9k $42.1m | Reduced -3.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 555.2k $40.5m | Added +4.8k |
| Reynders McVeigh Capital Management, LLC 2.01% of their portfolio | 552.8k $40.3m | Added +11.7k |
| UBS Group AG 0.01% of their portfolio | 529.2k $38.6m | Added +230.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 526.0k $38.3m | Added +167.2k |
| Ghisallo Capital Management LLC 0.97% of their portfolio | 500.0k $36.4m | Reduced -450.0k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 471.1k $34.3m | Reduced -63.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 464.5k $33.8m | Reduced -254.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 440.9k $32.1m | New |
| AEGON ASSET MANAGEMENT UK Plc 0.40% of their portfolio | 427.2k $31.1m | Added +152.8k |
| Ranger Investment Management, L.P. 2.16% of their portfolio | 424.9k $31.0m | Added +150.0k |
| STATE STREET CORP 0.00% of their portfolio | 410.5k $29.9m | Added +73.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 396.2k $28.9m | Added +19.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 392.7k $28.3m | Added +4.1k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.71% of their portfolio | 365.1k $26.6m | Added +49.1k |
| Harvey Partners, LLC 2.43% of their portfolio | 334.0k $24.3m | Added +2.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 332.3k $24.2m | Reduced -127.8k |
| MORGAN STANLEY 0.00% of their portfolio | 324.1k $23.6m | Added +52.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 306.8k $22.3m | Added +163.3k |
| Driehaus Capital Management LLC 0.18% of their portfolio | 304.7k $22.2m | Added +107.6k |
| Burkehill Global Management, LP 1.61% of their portfolio | 300.0k $21.9m | Reduced -200.0k |
| SEVEN GRAND MANAGERS, LLC 2.18% of their portfolio | 250.0k $18.2m | Unchanged |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 245.7k $17.9m | Added +172.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 230.2k $16.8m | Added +42.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 220.9k $16.1m | Added +64.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 218.8k $15.9m | Reduced -1.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 188.2k $13.7m | Reduced -44.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 187.7k $13.7m | Added +63.9k |
| TD Asset Management Inc 0.01% of their portfolio | 187.5k $13.7m | Reduced -74.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 178.4k $13.0m | Added +31.6k |
| Baker Chad R 2.24% of their portfolio | 165.5k $12.1m | Unchanged |
| Clearbridge Investments, LLC 0.01% of their portfolio | 160.2k $11.7m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 153.4k $11.2m | Reduced -131.1k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 145.6k $10.6m | Reduced -11.6k |
| CAPITAL INTERNATIONAL SARL 0.19% of their portfolio | 138.9k $10.1m | Reduced -14.7k |
| PICTON MAHONEY ASSET MANAGEMENT 0.14% of their portfolio | 131.7k $9.6m | Added +13.1k |
| GABELLI FUNDS LLC 0.06% of their portfolio | 119.5k $8.7m | Added +500 |
| Swiss National Bank 0.01% of their portfolio | 118.5k $8.6m | Reduced -1.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 117.4k $8.6m | Reduced -56.9k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 1.62% of their portfolio | 115.0k $8.4m | New |
| Engineers Gate Manager LP 0.10% of their portfolio | 112.2k $8.2m | Reduced -15.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 110.1k $8.0m | Added +84.0k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 109.7k $8.0m | Reduced -30.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 106.8k $7.8m | Reduced -572.3k |
| COMERICA BANK 0.03% of their portfolio | 102.8k $7.5m | Added +48.2k |
| Capital International, Inc./CA/ 0.07% of their portfolio | 93.4k $6.8m | Reduced -64.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 91.6k $6.7m | Added +38.4k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.25% of their portfolio | 91.2k $6.6m | Reduced -11.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 90.9k $6.6m | Reduced -2.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 89.4k $6.5m | Reduced -1.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 87.8k $6.4m | Reduced -101.0k |
| Capital Group Private Client Services, Inc. 0.06% of their portfolio | 87.4k $6.4m | Reduced -104.6k |
| Lisanti Capital Growth, LLC 1.65% of their portfolio | 81.8k $6.0m | Reduced -36.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 81.2k $5.9m | Added +75.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 76.7k $5.6m | Reduced -7.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 73.6k $5.4m | Added +21.7k |
| Waratah Capital Advisors Ltd. 0.36% of their portfolio | 72.0k $5.2m | Reduced -105.5k |
| STRS OHIO 0.02% of their portfolio | 68.9k $5.0m | Added +13.9k |
| Global IMC LLC 1.26% of their portfolio | 66.7k $4.9m | New |
| Informed Momentum Co LLC 0.72% of their portfolio | 65.2k $4.8m | New |
| LGT Fund Management Co Ltd. 0.40% of their portfolio | 63.5k $4.6m | New |
| Legal & General Group Plc 0.00% of their portfolio | 62.1k $4.5m | Added +7.7k |
| HALL LAURIE J TRUSTEE 1.36% of their portfolio | 56.4k $4.1m | Added +350 |
| ALGERT GLOBAL LLC 0.09% of their portfolio | 55.7k $4.1m | Reduced -27.8k |
| Candriam S.C.A. 0.02% of their portfolio | 54.2k $4.0m | Reduced -894 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 53.3k $3.9m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 45.0k $3.3m | Added +42.1k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 45.0k $3.3m | Unchanged |
| Granite Investment Partners, LLC 0.15% of their portfolio | 43.3k $3.2m | Reduced -44.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 43.0k $3.1m | New |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 42.3k $3.1m | New |
| Mendel Money Management 1.36% of their portfolio | 42.0k $3.1m | Reduced -4.4k |
| Renaissance Capital LLC 2.13% of their portfolio | 41.9k $3.1m | Reduced -28.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 40.0k $2.9m | Added +27.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 37.4k $2.7m | Reduced -22.2k |
| HighTower Advisors, LLC 0.00% of their portfolio | 36.7k $2.7m | New |