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 ($10.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.85. Options: 10 managers hold calls ($20.2m notional), 6 hold puts ($9.6m).
Trends to Q3 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 |
| Q3 2025 | 280 |
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 |
| Q3 2025 | 176 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $1.7m | $1.3m | 0.74 |
| Q1 2025 | $6.2m | $18.3m | 2.95 |
| Q2 2025 | $27.2m | $71.8m | 2.64 |
| Q3 2025 | $20.2m | $9.6m | 0.48 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +1.9m |
| Allspring Global Investments Holdings, LLC | New | +1.4m |
| WELLS FARGO & COMPANY/MN | Added | +984.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +856.6k |
| Capital International Investors | Added | +738.7k |
| Capital Research Global Investors | Added | +674.1k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +476.1k |
| FIRST TRUST ADVISORS LP | Added | +414.4k |
| VOYA INVESTMENT MANAGEMENT LLC | New | +347.5k |
| MORGAN STANLEY | Added | +303.4k |
Biggest sellers
| FMR LLC | Reduced | -2.7m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -978.7k |
| Ghisallo Capital Management LLC | Reduced | -400.0k |
| TWO SIGMA ADVISERS, LP | Reduced | -382.4k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -286.8k |
| SOROS FUND MANAGEMENT LLC | Reduced | -276.7k |
| JANE STREET GROUP, LLC | Sold out | -245.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -195.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -160.9k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -153.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $6.7m93.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.2m59.6k shares |
| SIMPLEX TRADING, LLC | Added | $3.0m42.1k shares |
| WOLVERINE TRADING, LLC | New | $2.7m38.3k shares |
| Caption Management, LLC | New | $2.1m30.0k shares |
| Walleye Trading LLC | Reduced | $581.1k8.2k shares |
| JANE STREET GROUP, LLC | Reduced | $552.7k7.8k shares |
| Walleye Capital LLC | Reduced | $290.5k4.1k shares |
| ZAZOVE ASSOCIATES LLC | New | $62.5k10.0k shares |
| GROUP ONE TRADING LLC | New | $42.5k600 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $4.0m57.0k shares |
| Caption Management, LLC | New | $2.1m30.0k shares |
| WOLVERINE TRADING, LLC | New | $2.1m30.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $836.1k11.8k shares |
| Walleye Trading LLC | Added | $326.0k4.6k shares |
| SIMPLEX TRADING, LLC | Added | $191.0k2.7k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 1 | $2.4k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-08 | Genovesi John A Officer | Bought | $2.4k37 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 2025
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.09% of their portfolio | 7.5m $534.7m | Added +738.7k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.12% of their portfolio | 6.5m $461.1m | Reduced -153.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.5m $391.7m | Reduced -16.0k |
| T. Rowe Price Investment Management, Inc. 0.23% of their portfolio | 5.3m $377.9m | Added +1.9m |
| Capital Research Global Investors 0.05% of their portfolio | 3.9m $279.4m | Added +674.1k |
| JANUS HENDERSON GROUP PLC 0.10% of their portfolio | 3.0m $210.4m | Added +2.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.8m $195.0m | Reduced -67.7k |
| BESSEMER GROUP INC 0.23% of their portfolio | 2.2m $152.4m | Added +261.6k |
| FMR LLC 0.01% of their portfolio | 2.0m $142.9m | Reduced -2.7m |
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $123.6m | Added +50.9k |
| Allspring Global Investments Holdings, LLC 0.16% of their portfolio | 1.4m $97.8m | New |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.2m $85.3m | Added +984.8k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 1.1m $80.6m | Added +414.4k |
| Conestoga Capital Advisors, LLC 1.29% of their portfolio | 1.1m $80.5m | Reduced -32.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $74.6m | Added +52.5k |
| BLAIR WILLIAM & CO/IL 0.17% of their portfolio | 882.3k $62.5m | Added +133.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 876.7k $62.1m | Added +856.6k |
| AltraVue Capital, LLC 4.88% of their portfolio | 830.8k $58.9m | Unchanged |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 821.6k $58.2m | Added +164.4k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 793.1k $56.2m | Added +267.1k |
| Electron Capital Partners, LLC 2.52% of their portfolio | 786.3k $55.7m | Added +161.0k |
| DekaBank Deutsche Girozentrale 0.09% of their portfolio | 756.5k $51.1m | Unchanged |
| BROWN BROTHERS HARRIMAN & CO 0.31% of their portfolio | 713.9k $50.6m | Added +17.9k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.07% of their portfolio | 635.1k $45.0m | Added +270.0k |
| MORGAN STANLEY 0.00% of their portfolio | 627.5k $44.5m | Added +303.4k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 626.8k $44.4m | Reduced -141.3k |
| Port Capital LLC 1.85% of their portfolio | 625.3k $44.3m | Added +6.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 620.9k $44.0m | Added +65.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 593.5k $42.1m | Added +476.1k |
| Reynders McVeigh Capital Management, LLC 1.92% of their portfolio | 578.3k $41.0m | Added +25.6k |
| UBS Group AG 0.01% of their portfolio | 554.4k $39.3m | Added +25.2k |
| SOROS FUND MANAGEMENT LLC 0.54% of their portfolio | 479.9k $34.0m | Reduced -276.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 472.9k $33.5m | Added +166.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 437.6k $31.0m | Reduced -26.9k |
| AEGON ASSET MANAGEMENT UK Plc 0.36% of their portfolio | 427.7k $30.3m | Added +577 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 425.0k $30.1m | Added +28.8k |
| Ranger Investment Management, L.P. 2.04% of their portfolio | 413.1k $29.3m | Reduced -11.8k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 402.2k $28.5m | Reduced -38.7k |
| STATE STREET CORP 0.00% of their portfolio | 392.5k $27.8m | Reduced -18.0k |
| Harvey Partners, LLC 2.38% of their portfolio | 370.0k $26.2m | Added +36.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 354.0k $24.8m | Reduced -38.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 347.5k $24.6m | New |
| Burkehill Global Management, LP 1.21% of their portfolio | 300.0k $21.3m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 291.1k $20.6m | Reduced -286.8k |
| TD Asset Management Inc 0.02% of their portfolio | 289.3k $20.5m | Added +101.8k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 287.3k $20.4m | New |
| Driehaus Capital Management LLC 0.14% of their portfolio | 280.1k $19.8m | Reduced -24.6k |
| Senator Investment Group LP 0.72% of their portfolio | 275.0k $19.5m | Not comparable |
| Bank of New York Mellon Corp 0.00% of their portfolio | 248.6k $17.6m | Added +70.2k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 243.3k $17.2m | Added +83.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 222.6k $15.8m | Added +112.5k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 222.2k $15.7m | Added +184.8k |
| Tidal Investments LLC 0.06% of their portfolio | 213.4k $15.1m | Added +204.1k |
| SEVEN GRAND MANAGERS, LLC 1.15% of their portfolio | 200.0k $14.2m | Reduced -50.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 184.0k $13.0m | Reduced -4.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 171.4k $12.1m | Reduced -160.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 166.2k $11.8m | Added +74.6k |
| Baker Chad R 2.02% of their portfolio | 165.5k $11.7m | Added +25 |
| CAPITAL INTERNATIONAL SARL 0.20% of their portfolio | 163.6k $11.6m | Added +24.7k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 1.39% of their portfolio | 125.0k $8.9m | Added +10.0k |
| GABELLI FUNDS LLC 0.06% of their portfolio | 123.8k $8.8m | Added +4.3k |
| Swiss National Bank 0.00% of their portfolio | 120.9k $8.6m | Added +2.4k |
| Capital International, Inc./CA/ 0.07% of their portfolio | 119.9k $8.5m | Added +26.5k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 119.4k $8.5m | Reduced -26.2k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.06% of their portfolio | 118.5k $8.4m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 113.2k $8.0m | Added +36.5k |
| Candriam S.C.A. 0.04% of their portfolio | 108.1k $7.7m | Added +53.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 106.9k $7.6m | Reduced -80.8k |
| COMERICA BANK 0.03% of their portfolio | 104.6k $7.4m | Added +1.8k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 102.0k $7.2m | Reduced -7.7k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.26% of their portfolio | 101.5k $7.2m | Added +10.3k |
| Ghisallo Capital Management LLC 0.23% of their portfolio | 100.0k $7.1m | Reduced -400.0k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 91.0k $6.4m | Added +1.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 90.9k $6.4m | Reduced -8 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 88.7k $6.3m | Reduced -382.4k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 84.8k $6.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 83.4k $5.9m | Reduced -137.5k |
| Lisanti Capital Growth, LLC 1.44% of their portfolio | 83.3k $5.9m | Added +1.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 74.4k $5.3m | Reduced -6.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 74.0k $5.2m | Added +442 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 72.6k $5.1m | Added +29.6k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 68.5k $4.9m | Added +65.2k |
| LGT Fund Management Co Ltd. 0.36% of their portfolio | 63.5k $4.5m | Unchanged |
| Vest Financial, LLC 0.06% of their portfolio | 63.5k $4.5m | Added +28.7k |
| NewEdge Wealth, LLC 0.08% of their portfolio | 63.1k $5.4m | New |
| Vestmark Advisory Solutions, Inc. 0.08% of their portfolio | 62.8k $4.5m | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 61.9k $4.4m | Added +25.1k |
| Interval Partners, LP 0.09% of their portfolio | 61.3k $4.3m | New |
| PEAK6 LLC 0.05% of their portfolio | 59.6k $4.2m | Added +53.1k |
| Legal & General Group Plc 0.00% of their portfolio | 57.9k $4.1m | Reduced -4.2k |
| HALL LAURIE J TRUSTEE 1.33% of their portfolio | 57.4k $4.1m | Added +945 |
| Susquehanna Portfolio Strategies, LLC 0.06% of their portfolio | 56.6k $4.0m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 55.4k $3.9m | Reduced -978.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.0k $3.9m | Added +1.7k |
| WASATCH ADVISORS LP 0.02% of their portfolio | 54.5k $3.9m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 54.2k $3.8m | New |
| AGF MANAGEMENT LTD 0.02% of their portfolio | 51.8k $3.7m | Added +9.6k |
| Renaissance Capital LLC 1.94% of their portfolio | 48.9k $3.5m | Added +6.9k |
| AIA Group Ltd 0.06% of their portfolio | 48.7k $3.5m | Added +18.2k |
| Mendel Money Management 1.23% of their portfolio | 41.4k $2.9m | Reduced -640 |