L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 6 Feb 2026
Managers listing it
22
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
7,478,181
combined, among listed positions
Reported value
$478m
combined, at the quarter end

Among the 92 comparable managers: 10 buyers (opened or added shares) and 24 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +161,004.

Managers listing RLI in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

22 of 22 holders

ActionFiling
Markel Group Inc2,394,544$153m1.22%Held06 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,131,703$72munder 0.1%Trimmed-139,75219 Feb 2026 (the filing on sec.gov)
Woodline Partners LP599,655$38m0.15%Newnew17 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC552,226$35munder 0.1%Added+196,01417 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC492,789$32munder 0.1%Added+341,60617 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP486,875$31munder 0.1%Added+242,46513 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP430,829$28munder 0.1%Trimmed-15,54917 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd372,166$24munder 0.1%Trimmed-6,20117 Feb 2026 (the filing on sec.gov)
Millennium Management LLC227,807$15munder 0.1%Added+33,01617 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP171,887$11munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP127,717$8.2munder 0.1%Added+18,05817 Feb 2026 (the filing on sec.gov)
Man Group PLC102,551$6.6munder 0.1%Trimmed-33,26317 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP63,222$4.0munder 0.1%Trimmed-22,99017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP59,231$3.8munder 0.1%Trimmed-36,66917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc58,107$3.7munder 0.1%Added+3,08217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)43,576$2.8munder 0.1%Added+27717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC40,769$2.6munder 0.1%Trimmed-4,88827 Oct 2026 (the filing on sec.gov)
Quantbot Technologies LP39,649$2.5m0.08%Trimmed-35,14710 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.39,121$2.5munder 0.1%Trimmed-274,79417 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC24,374$1.6munder 0.1%Trimmed-18,30913 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP15,501$992kunder 0.1%Added+2,03917 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC3,882$248kunder 0.1%Trimmed-73,31712 Feb 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
6 in Q3 2024 to 3 in Q2 2026

Tracked managers listing it, at least.

051015split2014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
RLI by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$185mn.a.n.a.
Q3 20132$207mn.a.n.a.
Q4 20133$223mn.a.n.a.
Q1 20142$195mn.a.n.a.
Q2 20142$198mn.a.n.a.
Q3 20142$181mn.a.n.a.
Q4 20142$199mn.a.n.a.
Q1 20152$205mn.a.n.a.
Q2 20152$203mn.a.n.a.
Q3 20153$212mn.a.n.a.
Q4 20153$232mn.a.n.a.
Q1 20162$246mn.a.n.a.
Q2 20162$251mn.a.n.a.
Q3 20162$246mn.a.n.a.
Q4 20163$221mn.a.n.a.
Q1 20172$217mn.a.n.a.
Q2 20172$199mn.a.n.a.
Q3 20172$205mn.a.n.a.
Q4 20173$209mn.a.n.a.
Q1 20183$215mn.a.n.a.
Q2 20183$219mn.a.n.a.
Q3 20182$253mn.a.n.a.
Q4 20183$219mn.a.n.a.
Q1 20195$225mn.a.n.a.
Q2 20195$269mn.a.n.a.
Q3 20194$283mn.a.n.a.
Q4 20197$292mn.a.n.a.
Q1 20206$269mn.a.n.a.
Q2 20206$263mn.a.n.a.
Q3 20206$266mn.a.n.a.
Q4 20202$317mn.a.n.a.
Q1 20212$339mn.a.n.a.
Q2 20214$319mn.a.n.a.
Q3 20212$297mn.a.n.a.
Q4 20213$326mn.a.n.a.
Q1 20225$324mn.a.n.a.
Q2 20225$377mn.a.n.a.
Q3 20227$335mn.a.n.a.
Q4 20226$398mn.a.n.a.
Q1 20236$502mn.a.n.a.
Q2 20238$564mn.a.n.a.
Q3 20237$553mn.a.n.a.
Q4 20235$460m22
Q1 202411$563m73
Q2 20249$484m35
Q3 20246$449m14
Q4 20248$566m52
Q1 2025 (split)9$552m31
Q2 20256$351m42
Q3 20256$202m41
Q4 20254$198m1024
Q1 20264$198m1212
Q2 20263$206m149

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

RLI and V →RLI and AXP →RLI and BAC →Choose a stock to compare with RLI →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own RLI, latest filings →Back to the 13F Explorer →