RLI Corp: which funds bought and sold

Institutions that bought and sold RLI shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 222 institutions that filed 13F reports for both quarters added to or opened positions in RLI, and 200 cut or closed them. Together they added a net 4.4M shares, +5.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.4M shares (+15.4%); index fund managers were net buyers of 436K shares (+1.4%). 65 opened a new position and 65 sold out entirely.

Bought, Q2 2026 222 institutions, 65 of them new holders Sold, Q2 2026 200 institutions, 65 of them sold out

Net change, all compared +4.4M shares (+5.3%)

Net change, active managers +3.4M shares (+15.4%), 23 bought, 23 sold

Buyers versus sellers

institutions compared, 480

222 bought 58 200 sold

Active managers and hedge funds 23 bought · 23 sold · +3.4M

Index fund managers 8 bought · 3 sold · +436K

Other institutions 191 bought · 174 sold · +565K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Ariel Investments, LLC Active manager	+1.6M +188.9%	2.5M	$149M
Bank Of Montreal	+1.2M +336.3%	1.6M	$92.3M
Wasatch Advisors LP Active manager	+1.1M +40.7%	3.6M	$214M
Neuberger Berman Group LLC Active manager	+964K +2854.9%	998K	$59M
Invesco Ltd.	+567K +31.7%	2.4M	$139M
Raymond James Financial Inc	+272K +63.3%	701K	$41.4M
Victory Capital Management Inc Active manager	+271K +33.5%	1.1M	$63.8M
Royce & Associates LP Active manager	+270K +31.2%	1.1M	$67M
Blackrock, Inc. Index funds	+260K +3.2%	8.3M	$492M
Arrowstreet Capital, Limited Partnership Hedge fund	+189K +36.4%	710K	$41.9M
AQR Capital Management LLC Hedge fund	+186K +25.4%	917K	$53.6M
Polar Capital Holdings PLC Active manager	+150K +21.8%	838K	$49.5M
Morgan Stanley	+146K +11.1%	1.5M	$86.4M
Ameriprise Financial Inc	+134K +134.8%	234K	$13.8M
Geode Capital Management, LLC Index funds	+120K +4.8%	2.6M	$154M
Wellington Management Group LLP Active manager	+118K +22.8%	635K	$37.5M
Global Alpha Capital Management Ltd.	+112K +19.1%	701K	$41.4M
Bank Of America Corp	+112K +39.7%	395K	$23.3M
Winton Group Ltd Hedge fund	+98K New position	98K	$5.8M
Ilex Capital Partners (UK) LLP	+94K New position	94K	$5.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Ariel Investments, LLC Active manager	+1.6M +188.9%	2.5M	$149M
Wasatch Advisors LP Active manager	+1.1M +40.7%	3.6M	$214M
Neuberger Berman Group LLC Active manager	+964K +2854.9%	998K	$59M
Victory Capital Management Inc Active manager	+271K +33.5%	1.1M	$63.8M
Royce & Associates LP Active manager	+270K +31.2%	1.1M	$67M
Arrowstreet Capital, Limited Partnership Hedge fund	+189K +36.4%	710K	$41.9M
AQR Capital Management LLC Hedge fund	+186K +25.4%	917K	$53.6M
Polar Capital Holdings PLC Active manager	+150K +21.8%	838K	$49.5M
Wellington Management Group LLP Active manager	+118K +22.8%	635K	$37.5M
Winton Group Ltd Hedge fund	+98K New position	98K	$5.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Van Berkom & Associates Inc.	−1.3M −47.1%	1.4M	$83.9M
Argent Capital Management LLC	−374K Sold out	0	—
T. Rowe Price Investment Management, Inc. Active manager	−333K −28.4%	841K	$49.7M
Two Sigma Investments, LP Hedge fund	−330K −35.2%	607K	$35.8M
Kayne Anderson Rudnick Investment Management LLC Active manager	−266K −3.8%	6.7M	$398M
Gotham Asset Management, LLC Hedge fund	−256K −32.3%	538K	$31.8M
Eulav Asset Management	−191K −46.1%	223K	$13.2M
Palisade Capital Management, LP Active manager	−176K −43.2%	231K	$13.7M
Caisse De Depot Et Placement Du Quebec	−110K Sold out	0	—
Teacher Retirement System Of Texas	−99K −88.8%	13K	$740,384
Holocene Advisors, LP Hedge fund	−98K Sold out	0	—
California Public Employees Retirement System	−88K −43.7%	113K	$6.7M
Van Eck Associates Corp	−75K Sold out	0	—
Dimensional Fund Advisors LP	−74K −3.8%	1.8M	$109M
Champlain Investment Partners, LLC Active manager	−73K −15.7%	392K	$23.1M
Renaissance Technologies LLC Hedge fund	−72K Sold out	0	—
Trexquant Investment LP Hedge fund	−60K −45.3%	73K	$4.3M
Citigroup Inc	−56K −61.2%	36K	$2.1M
Retirement Systems Of Alabama	−50K −25.3%	148K	$8.7M
Thrivent Financial For Lutherans	−50K −52.6%	45K	$2.7M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	−333K −28.4%	841K	$49.7M
Two Sigma Investments, LP Hedge fund	−330K −35.2%	607K	$35.8M
Kayne Anderson Rudnick Investment Management LLC Active manager	−266K −3.8%	6.7M	$398M
Gotham Asset Management, LLC Hedge fund	−256K −32.3%	538K	$31.8M
Palisade Capital Management, LP Active manager	−176K −43.2%	231K	$13.7M
Holocene Advisors, LP Hedge fund	−98K Sold out	0	—
Champlain Investment Partners, LLC Active manager	−73K −15.7%	392K	$23.1M
Renaissance Technologies LLC Hedge fund	−72K Sold out	0	—
Trexquant Investment LP Hedge fund	−60K −45.3%	73K	$4.3M
Quantbot Technologies LP Hedge fund	−44K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Winton Group LtdHedge fund	98K	$5.8M
Ilex Capital Partners (UK) LLP	94K	$5.6M
Dark Forest Capital Management LP	77K	$4.6M
Wedmont Private Capital	60K	$3.6M
Bleakley Financial Group, LLC	54K	$3.2M
Millennium Management LLCHedge fund	39K	$2.3M
Capital Fund Management S.A.Hedge fund	35K	$2.1M
Orion Porfolio Solutions, LLC	28K	$1.6M
Mosaic Family Wealth Partners, LLC	24K	$1.4M
Savant Capital, LLC	23K	$1.3M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Argent Capital Management LLC	374K	$21.4M
Caisse De Depot Et Placement Du Quebec	110K	$6.3M
Holocene Advisors, LPHedge fund	98K	$5.6M
Van Eck Associates Corp	75K	$4.3M
Renaissance Technologies LLCHedge fund	72K	$4.1M
HRT Financial LP	49K	$2.8M
Quantbot Technologies LPHedge fund	44K	$2.5M
Sciencast Management LP	43K	$2.5M
Oak Thistle LLC	43K	$2.5M
Schonfeld Strategic Advisors LLCHedge fund	39K	$2.2M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 422
Ten largest holders: 52.9%
Index fund managers: 36.7%
Active managers and hedge funds: 28.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	23	23	6	11	+3.4M	+15.4%
Index fund managers	8	3	0	0	+436K	+1.4%
Other institutions	191	174	59	54	+565K	+2.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on RLI.

Only managers that filed a holdings report for both quarters are compared (480 here). 13 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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