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 ($14.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $85.62. Options: 8 managers hold calls ($24.4m notional), 8 hold puts ($34.5m).
Trends to Q1 2026
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 |
| Q4 2025 | 353 |
| Q1 2026 | 370 |
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 |
| Q4 2025 | 220 | 114 |
| Q1 2026 | 212 | 152 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $27.2m | $71.8m | 2.64 |
| Q3 2025 | $20.2m | $9.6m | 0.48 |
| Q4 2025 | $54.4m | $17.8m | 0.33 |
| Q1 2026 | $24.4m | $34.5m | 1.42 |
Biggest buyers
| NEUBERGER BERMAN GROUP LLC | Added | +836.6k |
| Durable Capital Partners LP | Added | +728.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +620.1k |
| Thrivent Financial for Lutherans | Added | +533.8k |
| BlackRock, Inc. | Added | +455.2k |
| UBS Group AG | Added | +377.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +341.6k |
| Capital World Investors | New | +340.2k |
| EVENTIDE ASSET MANAGEMENT, LLC | New | +267.8k |
| MILLENNIUM MANAGEMENT LLC | New | +255.3k |
Biggest sellers
| Capital International Investors | Reduced | -2.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.8m |
| Ghisallo Capital Management LLC | Reduced | -899.3k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -609.8k |
| Zimmer Partners, LP | Sold out | -444.8k |
| Balyasny Asset Management L.P. | Sold out | -417.5k |
| FMR LLC | Reduced | -248.9k |
| MORGAN STANLEY | Reduced | -222.5k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -207.3k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -206.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.5m145.4k shares |
| GROUP ONE TRADING LLC | Added | $4.9m57.7k shares |
| Walleye Trading LLC | Added | $3.9m45.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m19.0k shares |
| JANE STREET GROUP, LLC | Reduced | $720.0k8.4k shares |
| IMC-Chicago, LLC | Reduced | $540.0k6.3k shares |
| ZAZOVE ASSOCIATES LLC | Unchanged | $146.0k20.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $51.4k600 shares |
Biggest puts
| SCOPUS ASSET MANAGEMENT, L.P. | Added | $17.1m200.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.7m78.0k shares |
| CITADEL ADVISORS LLC | Added | $4.6m53.6k shares |
| Oribel Capital Management, LP | New | $4.3m50.3k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $797.1k9.3k shares |
| IMC-Chicago, LLC | New | $651.4k7.6k shares |
| Walleye Trading LLC | Reduced | $265.7k3.1k shares |
| SIMPLEX TRADING, LLC | New | $34.3k400 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 2026
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 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 | — | — |
| Q4 2025 | 2 | $3.0k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| T. Rowe Price Investment Management, Inc. 0.43% of their portfolio | 7.3m $624.5m | Reduced -1.8m |
| Capital International Investors 0.12% of their portfolio | 6.1m $520.6m | Reduced -2.0m |
| BlackRock, Inc. 0.01% of their portfolio | 5.4m $467.0m | Added +455.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.36% of their portfolio | 5.4m $462.7m | Reduced -609.8k |
| Capital Research Global Investors 0.05% of their portfolio | 3.7m $313.1m | Reduced -180.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.5m $296.3m | First filing |
| Durable Capital Partners LP 2.90% of their portfolio | 3.3m $282.1m | Added +728.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.1m $264.4m | First filing |
| JANUS HENDERSON GROUP PLC 0.12% of their portfolio | 3.0m $256.1m | Reduced -37.1k |
| BESSEMER GROUP INC 0.31% of their portfolio | 2.3m $194.2m | Added +44.1k |
| Allspring Global Investments Holdings, LLC 0.25% of their portfolio | 1.7m $147.5m | Added +193.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.6m $141.2m | Added +620.1k |
| FMR LLC 0.01% of their portfolio | 1.6m $139.3m | Reduced -248.9k |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $132.4m | Added +83.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.5m $126.0m | Added +186.7k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 1.3m $110.6m | Added +836.6k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 1.2m $104.0m | Reduced -197.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.1m $96.2m | Reduced -34.5k |
| FEDERATED HERMES, INC. 0.15% of their portfolio | 1.1m $93.5m | Added +33.4k |
| Conestoga Capital Advisors, LLC 1.80% of their portfolio | 1.0m $90.0m | Added +3.0k |
| UBS Group AG 0.01% of their portfolio | 912.7k $78.2m | Added +377.2k |
| Thrivent Financial for Lutherans 0.14% of their portfolio | 871.7k $74.7m | Added +533.8k |
| Driehaus Capital Management LLC 0.51% of their portfolio | 810.6k $69.5m | Reduced -7.0k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 756.5k $63.2m | Unchanged |
| Alyeska Investment Group, L.P. 0.18% of their portfolio | 731.8k $62.7m | Reduced -143.2k |
| BLAIR WILLIAM & CO/IL 0.18% of their portfolio | 725.7k $62.2m | Reduced -115.9k |
| Electron Capital Partners, LLC 2.87% of their portfolio | 713.9k $61.2m | Reduced -141.5k |
| AltraVue Capital, LLC 5.18% of their portfolio | 702.3k $60.2m | Reduced -128.4k |
| MORGAN STANLEY 0.00% of their portfolio | 669.4k $57.4m | Reduced -222.5k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.77% of their portfolio | 658.4k $56.4m | Added +159.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 634.6k $52.2m | Added +341.6k |
| BROWN BROTHERS HARRIMAN & CO 0.27% of their portfolio | 592.4k $50.8m | Reduced -112.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 590.3k $50.6m | Reduced -136.9k |
| Reynders McVeigh Capital Management, LLC 2.53% of their portfolio | 586.1k $50.2m | Added +9.0k |
| Port Capital LLC 2.21% of their portfolio | 579.7k $49.7m | Reduced -1.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 566.3k $48.5m | Reduced -7.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 547.5k $46.9m | Added +35.2k |
| Ghisallo Capital Management LLC 1.18% of their portfolio | 500.0k $42.9m | Reduced -899.3k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 471.4k $40.4m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 454.2k $38.9m | Reduced -109.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 447.9k $38.4m | Added +49.9k |
| Ranger Investment Management, L.P. 2.77% of their portfolio | 446.9k $38.3m | Added +35.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 428.6k $35.2m | Reduced -73.4k |
| TD Asset Management Inc 0.03% of their portfolio | 428.2k $36.7m | Added +118.8k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 423.9k $36.3m | Reduced -196.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 422.5k $36.2m | Added +15.8k |
| Senator Investment Group LP 1.57% of their portfolio | 400.0k $34.3m | Added +100.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 400.0k $34.3m | Reduced -45.2k |
| SOROS FUND MANAGEMENT LLC 0.46% of their portfolio | 395.0k $33.9m | Reduced -185.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 371.6k $31.8m | Reduced -9.4k |
| Baird Financial Group, Inc. 0.05% of their portfolio | 345.6k $29.6m | Added +232.6k |
| Harvey Partners, LLC 2.38% of their portfolio | 342.5k $29.4m | Added +34.7k |
| Capital World Investors 0.00% of their portfolio | 340.2k $29.2m | New |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 330.2k $28.3m | Reduced -56.1k |
| Rockefeller Capital Management L.P. 0.05% of their portfolio | 319.6k $27.4m | Added +108.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 315.9k $27.1m | Added +5.3k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 310.2k $26.6m | Added +121.9k |
| Burkehill Global Management, LP 1.28% of their portfolio | 300.0k $25.7m | Unchanged |
| EVENTIDE ASSET MANAGEMENT, LLC 0.38% of their portfolio | 267.8k $22.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 255.3k $21.9m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 255.1k $21.9m | Reduced -32.0k |
| Tidal Investments LLC 0.07% of their portfolio | 246.3k $21.1m | Added +101.1k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 234.4k $20.1m | Reduced -141.6k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 227.9k $19.5m | Reduced -206.6k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 220.7k $18.9m | Reduced -1.8k |
| ExodusPoint Capital Management, LP 0.18% of their portfolio | 211.1k $18.1m | Added +198.2k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 210.6k $18.0m | New |
| CAPITAL INTERNATIONAL SARL 0.29% of their portfolio | 203.2k $17.4m | Added +10.0k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 203.1k $17.4m | Added +27.2k |
| SEVEN GRAND MANAGERS, LLC 1.15% of their portfolio | 200.0k $17.1m | Reduced -200.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 197.5k $16.9m | New |
| GENEVA CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 192.2k $16.5m | Added +136.2k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 178.2k $15.3m | Reduced -28.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 170.3k $14.6m | Added +10.6k |
| Baker Chad R 2.68% of their portfolio | 165.7k $14.2m | Added +100 |
| FIFTH THIRD BANCORP 0.02% of their portfolio | 158.4k $13.6m | Added +157.8k |
| Swiss National Bank 0.01% of their portfolio | 152.8k $13.1m | Added +4.5k |
| Invesco Ltd. 0.00% of their portfolio | 150.2k $12.9m | Added +25.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 144.6k $12.4m | Added +13.7k |
| Retirement Systems of Alabama 0.04% of their portfolio | 139.2k $11.9m | Added +4.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 130.5k $11.2m | Added +8.9k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 124.2k $10.6m | Reduced -200 |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 122.5k $10.5m | Reduced -207.3k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.36% of their portfolio | 114.2k $9.8m | Reduced -1.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 113.6k $9.7m | Added +46.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 108.9k $9.3m | Reduced -26.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 104.2k $8.9m | Added +98.4k |
| Capital International, Inc./CA/ 0.07% of their portfolio | 103.0k $8.8m | Reduced -12.2k |
| Covalis Capital LLP 0.53% of their portfolio | 100.0k $8.6m | Reduced -69.6k |
| Legal & General Group Plc 0.00% of their portfolio | 95.1k $8.2m | Reduced -8.2k |
| PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio | 93.6k $8.0m | Added +70.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 93.0k $8.0m | Added +66.2k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 89.6k $7.7m | Reduced -810 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 87.6k $7.5m | Reduced -4.6k |
| Aperture Investors, LLC 0.94% of their portfolio | 87.1k $7.5m | Added +31.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 84.3k $7.2m | Added +17.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 83.5k $7.2m | Added +9.4k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio | 82.4k $7.1m | Reduced -24.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 80.0k $6.9m | Added +3.4k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 76.8k $6.6m | Added +39.6k |