RS Reliance, Inc. Common Stock

NYSE · Metals & Mining · View on SEC EDGAR ↗
$427.48
Price · Aug 18, 2026
Fundamentals as of Jul 28, 2026

RS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$427.48
Market Cap
$22.12B
P/E (TTM)
30.6
EPS (TTM)
$13.98
Revenue (TTM)
$14.29B
Div Yield
1.1%
ROE
10.3%
Debt/Equity
0.2
52W Range
$260 – $433

RS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $14.29B
10-point trend, +66.0%
2016-12-31 2025-12-31
EPS $13.98
10-point trend, +236.1%
2016-12-31 2025-12-31
Free Cash Flow $502M
10-point trend, +6.6%
2016-12-31 2025-12-31
Margins 5.2%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
RS
Peer Median
P/E (TTM)
5-point trend, +179.8%
30.6
24.9
P/S (TTM)
5-point trend, +47.0%
1.5
0.9
P/B
5-point trend, +26.5%
3.1
1.7
EV / EBITDA
5-point trend, +139.8%
18.1
Price / FCF
5-point trend, +66.9%
44.0

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
RS
Peer Median
Operating Margin
5-point trend, -48.8%
7.1%
Net Profit Margin
5-point trend, -48.6%
5.2%
4.5%
ROA
5-point trend, -54.9%
7.2%
5.3%
ROE
5-point trend, -59.4%
10.3%
8.7%
ROIC
5-point trend, -52.5%
9.0%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
RS
Peer Median
Debt / Equity
5-point trend, -26.5%
0.2
Current Ratio
5-point trend, +25.0%
4.9
2.6
Quick Ratio
5-point trend, +11.2%
2.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
RS
Peer Median
Revenue YoY
5-point trend, +1.4%
3.3%
Revenue CAGR 3Y
5-point trend, +1.4%
-5.7%
Revenue CAGR 5Y
5-point trend, +1.4%
10.2%
EPS YoY
5-point trend, -36.4%
-10.2%
Net Income YoY
5-point trend, -47.8%
-15.5%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
RS
Peer Median
EPS (Diluted)
5-point trend, -36.4%
$13.98

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
RS
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.1%
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Aug. 14, 2026$1.2500
May 22, 2026$1.2500
March 6, 2026$1.2500
Nov. 21, 2025$1.2000
Aug. 15, 2025$1.2000
May 23, 2025$1.2000
March 7, 2025$1.2000
Nov. 22, 2024$1.1000
Aug. 16, 2024$1.1000
May 23, 2024$1.1000
March 7, 2024$1.1000
Nov. 16, 2023$1.0000
Aug. 17, 2023$1.0000
May 25, 2023$1.0000
March 9, 2023$1.0000
Nov. 17, 2022$0.8750
Aug. 18, 2022$0.8750
May 26, 2022$0.8750
March 10, 2022$0.8750
Nov. 18, 2021$0.6880

RS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 18 analysts
  • Strong Buy 3 16.7%
  • Buy 6 33.3%
  • Hold 8 44.4%
  • Sell 1 5.6%
  • Strong Sell 0 0.0%

12-Month Price Target

8 analysts · 2026-08-19
Median target $408.50 -4.4%
Mean target $409.50 -4.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Beat Rate
25.0%
Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $6.27 $5.58 0.69%
March 31, 2026 $5.16 $4.81 0.35%
Dec. 31, 2025 $2.40 $2.92 -0.52%
Sept. 30, 2025 $3.64 $3.79 -0.15%
June 30, 2025 $4.43 $4.82 -0.39%
March 31, 2025 $3.77 $3.81 -0.04%
Sept. 30, 2000 $0.28 $0.29 -0.00%
June 30, 2000 $0.30 $0.30 0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
RS $14.94B 20.7 3.3% 5.2% 10.3%
NUE 21.7 5.7% 5.4% 8.5%
STLD $24.56B 21.2 3.6% 6.5% 13.2% 13.2%
CMC $6.41B 77.9 -1.6% 1.1% 2.0%
CLF $7.57B -4.6 -3.0% -7.9% -23.2%
HCC $4.64B 81.6 -14.1% 4.3% 2.7%
AMR $2.56B -42.1 -28.0% -2.9% -3.9%
WS $2.11B 248.2 11.3% 0.25% 0.80% 11.7%
RYZ -14.3 -0.60% -1.2% -7.2% 17.1%
MTUS -572.0 6.9% -0.10% -0.17% 8.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +36.8% $14.29B $13.84B $14.81B $17.02B $14.09B $8.81B $10.97B $11.53B $9.72B $8.61B $9.35B $10.45B
Cost of Revenue 5-point trend, +5.4% · · · · · · · $8.25B $6.93B $6.02B $6.80B $7.83B
SG&A Expense 12-point trend, +56.8% $2.81B $2.67B $2.56B $2.50B $2.31B $1.87B $2.10B $2.09B $1.90B $1.80B $1.73B $1.79B
Operating Expenses 12-point trend, +35.1% $13.28B $12.68B $13.07B $14.52B $12.14B $8.25B $9.96B $10.60B $9.06B $8.10B $8.80B $9.83B
Operating Income 12-point trend, +64.0% $1.01B $1.16B $1.74B $2.51B $1.95B $566M $1.01B $938M $662M $518M $550M $617M
Interest Expense 10-point trend, -51.0% · · $40M $62M $63M $63M $85M $86M $74M $85M $84M $82M
Other Non-op 12-point trend, +13.0% $12M $20M $41M $-14M $-3M $-25M $800.0K $-700.0K $-5M $-4M $-7M $11M
Pretax Income 12-point trend, +77.4% $969M $1.14B $1.74B $2.43B $1.88B $478M $929M $851M $584M $429M $459M $546M
Income Tax 12-point trend, +33.9% $228M $262M $401M $586M $466M $106M $223M $209M $-37M $120M $142M $170M
Net Income 12-point trend, +96.5% $739M $875M $1.34B $1.84B $1.42B $372M $706M $642M $621M $309M $316M $376M
EPS (Basic) 12-point trend, +194.4% $14.07 $15.70 $22.90 $30.39 $22.35 $5.74 $10.49 $8.85 $8.42 $4.21 $4.20 $4.78
EPS (Diluted) 12-point trend, +195.6% $13.98 $15.56 $22.64 $29.92 $21.97 $5.66 $10.34 $8.75 $8.34 $4.16 $4.16 $4.73
Shares (Basic) 12-point trend, -32.3% 52,555,000 55,746,000 58,328,000 60,559,000 63,217,000 64,328,000 66,885,000 71,621,000 72,851,000 72,363,000 74,096,349 77,682,943
Shares (Diluted) 12-point trend, -32.7% 52,875,000 56,246,000 59,015,000 61,495,000 64,327,000 65,263,000 67,855,000 72,441,000 73,539,000 73,121,000 74,902,064 78,615,939
EBITDA 12-point trend, +55.3% $1.29B $1.43B $1.98B $2.75B $2.18B $793M $1.23B $1.15B $881M $735M $765M $831M
Balance Sheet 28
Annual Balance Sheet data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +104.0% $217M $318M $1.08B $1.17B $300M $684M $174M $128M $154M $123M $104M $106M
Receivables 12-point trend, +34.5% $1.54B $1.34B $1.47B $1.57B $1.68B $926M $1.07B $1.24B $1.09B $960M $917M $1.14B
Inventory 12-point trend, +24.9% $2.19B $2.03B $2.04B $2.00B $2.06B $1.42B $1.65B $1.82B $1.73B $1.53B $1.44B $1.75B
Prepaid Expense 12-point trend, +130.6% $166M $148M $140M $116M $112M $80M $85M $82M $81M $73M $61M $72M
Other Current Assets 2-point trend, -48.6% · · · · · · · · · · $61M $118M
Current Assets 12-point trend, +32.7% $4.14B $3.90B $4.77B $4.89B $4.16B $3.11B $3.01B $3.29B $3.05B $2.69B $2.55B $3.12B
PP&E (Net) 12-point trend, +59.0% $2.63B $2.54B $2.25B $1.97B $1.84B $1.79B $1.80B $1.73B $1.66B $1.66B $1.64B $1.66B
PP&E (Gross) 3-point trend, +15.2% $5.18B $4.93B $4.49B · · · · · · · · ·
Accum. Depreciation 12-point trend, +153.3% $2.54B $2.38B $2.24B $2.09B $1.95B $1.82B $1.68B $1.54B $1.41B $1.27B $1.14B $1.00B
Goodwill 12-point trend, +25.0% $2.17B $2.16B $2.11B $2.11B $2.11B $1.94B $2.00B $1.87B $1.84B $1.83B $1.72B $1.74B
Intangibles 12-point trend, -21.8% $960M $1.01B $981M $1.02B $1.08B $947M $1.03B $1.07B $1.11B $1.15B $1.13B $1.23B
Other Non-current Assets 3-point trend, +30.3% $106M · · · · · · · · · $82M $81M
Total Assets 12-point trend, +32.6% $10.37B $10.02B $10.48B $10.33B $9.54B $8.11B $8.13B $8.04B $7.75B $7.41B $7.12B $7.82B
Accounts Payable 12-point trend, +31.0% $375M $362M $410M $412M $454M $259M $275M $339M $347M $302M $247M $286M
Accrued Liabilities 12-point trend, +52.7% $150M $144M $118M $119M $148M $89M $67M $77M $84M $84M $83M $98M
Current Liabilities 12-point trend, +28.0% $848M $1.21B $844M $1.38B $1.06B $613M $675M $699M $704M $656M $990M $663M
Capital Leases 7-point trend, +67.8% $251M $214M $179M $165M $162M $154M $150M · · · · ·
Deferred Tax 12-point trend, -16.9% $576M $538M $494M $477M $485M $456M $469M $440M $441M $627M $627M $693M
Other Non-current Liabilities 12-point trend, +160.0% $74M $57M $64M $51M $50M $27M $12M $16M $12M $13M $30M $28M
Total Liabilities 4-point trend, -1.2% $3.19B $2.79B $2.75B $3.23B · · · · · · · ·
Long-term Debt 5-point trend, -38.7% $1.42B $1.14B $1.14B · · · · · · · $1.94B $2.32B
Total Debt 12-point trend, -36.1% $1.42B $1.14B $1.14B $1.14B $1.64B $1.64B $1.52B $2.14B $1.81B $1.85B $1.43B $2.22B
Common Stock · · · · · · · · · · · $819M
Retained Earnings 12-point trend, +118.0% $7.26B $7.33B $7.80B $7.17B $6.16B $5.19B $5.19B $4.64B $4.14B $3.66B $3.48B $3.33B
AOCI 12-point trend, -79.1% $-88M $-115M $-77M $-86M $-69M $-78M $-105M $-103M $-72M $-105M $-100M $-49M
Stockholders' Equity 12-point trend, +74.9% $7.17B $7.22B $7.72B $7.09B $6.09B $5.12B $5.21B $4.67B $4.67B $4.15B $3.91B $4.10B
Liabilities + Equity 12-point trend, +32.6% $10.37B $10.02B $10.48B $10.33B $9.54B $8.11B $8.13B $8.04B $7.75B $7.41B $7.12B $7.82B
Shares Outstanding 12-point trend, -33.1% 51,735,000 53,715,000 57,271,000 58,787,000 61,806,000 63,600,000 66,854,000 66,882,000 72,610,000 72,682,793 71,739,072 77,337,251
Cash Flow 18
Annual Cash Flow data for RS
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +30.1% $278M $269M $245M $240M $230M $227M $219M $215M $218M $222M $218M $214M
Stock-based Comp 12-point trend, +143.9% $56M $57M $65M $65M $71M $42M $51M $46M $33M $24M $21M $23M
Deferred Tax 12-point trend, +303.8% $37M $36M $16M $-7M $-24M $-14M $32M $-9M $-193M $-500.0K $-17M $-18M
Amort. of Intangibles 12-point trend, -30.9% $39M $43M $44M $48M $39M $40M $43M $46M $51M $54M $54M $57M
Other Non-cash 12-point trend, -16.8% $-279M $190M $5M $-24M $-895M $545M $292M $-229M $-281M $72M $486M $-239M
Operating Cash Flow 12-point trend, +133.5% $831M $1.43B $1.67B $2.12B $799M $1.17B $1.30B $665M $399M $626M $1.02B $356M
CapEx 12-point trend, +72.7% $329M $431M $469M $342M $237M $172M $242M $240M $162M $155M $172M $190M
Investing Cash Flow 11-point trend, -89.4% $-322M $-804M $-484M $-348M $-652M $-188M $-419M $-281M $-179M $-505M $-170M ·
Debt Issued 4-point trend, +21.7% · · · · · · · · $875M $2.07B $573M $719M
Net Debt Issued 12-point trend, -1553.4% $-2.42B $-663M $-506M $-300.0K $-21M $-1.62B $-1.59B $-1.19B $-40M $12M $-389M $167M
Stock Repurchased 11-point trend, +1088.2% $594M $1.09B $480M $630M $324M $337M $50M $485M $25M · $356M $50M
Net Stock Activity 11-point trend, -1288.2% $-594M $-1.09B $-480M $-630M $-324M $-337M $-50M $-485M $-25M · $-356M $50M
Dividends Paid · · · · · · · · · · · $109M
Financing Cash Flow 11-point trend, +26.9% $-620M $-1.38B $-1.28B $-893M $-529M $-483M $-841M $-404M $-198M $-100M $-848M ·
Net Change in Cash 12-point trend, -549.1% $-102M $-762M $-93M $873M $-383M $509M $46M $-26M $32M $18M $-2M $23M
Taxes Paid 10-point trend, +72.1% $164M $245M $386M $692M $444M $88M $214M $228M $171M $95M · ·
Free Cash Flow 12-point trend, +203.4% $502M $999M $1.20B $1.78B $563M $1.00B $1.06B $425M $237M $472M $853M $166M
Levered FCF 10-point trend, +973.1% · · $1.17B $1.73B $516M $952M $995M $360M $159M $411M $795M $109M
Profitability 7
Annual Profitability data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, +19.8% 7.1% 8.4% 11.8% 14.7% 13.8% 6.4% 9.2% 8.1% 6.8% 5.9% 5.9% 5.9%
Net Margin 12-point trend, +43.6% 5.2% 6.3% 9.0% 10.8% 10.1% 4.2% 6.4% 5.6% 6.4% 3.6% 3.4% 3.6%
Pretax Margin 12-point trend, +29.6% 6.8% 8.2% 11.8% 14.3% 13.4% 5.4% 8.5% 7.4% 6.0% 5.0% 4.9% 5.2%
EBITDA Margin 12-point trend, +13.6% 9.0% 10.3% 13.4% 16.1% 15.5% 9.0% 11.2% 10.0% 9.1% 8.5% 8.2% 8.0%
ROA 12-point trend, +46.2% 7.2% 8.6% 12.9% 18.6% 16.1% 4.6% 8.7% 8.1% 8.2% 4.2% 4.2% 5.0%
ROE 12-point trend, +8.9% 10.3% 11.8% 18.1% 28.0% 25.3% 7.2% 14.3% 13.7% 14.1% 7.7% 7.9% 9.4%
ROIC 12-point trend, +34.0% 9.0% 10.7% 15.1% 23.1% 19.0% 6.5% 11.4% 10.4% 10.9% 6.2% 7.0% 6.7%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +3.7% 4.9 3.2 5.7 3.6 3.9 5.1 4.5 4.7 4.3 4.1 2.6 4.7
Quick Ratio 12-point trend, +9.8% 2.1 1.4 3.0 2.0 1.9 2.6 1.8 2.0 1.8 1.7 1.0 1.9
Debt / Equity 12-point trend, -63.4% 0.2 0.2 0.1 0.2 0.3 0.3 0.3 0.5 0.4 0.4 0.4 0.5
LT Debt / Equity 12-point trend, -63.5% 0.2 0.1 0.1 0.2 0.3 0.3 0.3 0.5 0.4 0.4 0.4 0.5
Interest Coverage 10-point trend, +475.4% · · 43.4 40.2 31.1 9.0 11.9 10.9 9.0 6.1 6.5 7.5
Efficiency 3
Annual Efficiency data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +1.8% 1.4 1.3 1.4 1.7 1.6 1.1 1.4 1.5 1.3 1.2 1.3 1.4
Inventory Turnover 5-point trend, -2.1% · · · · · · · 4.7 4.3 4.1 4.3 4.8
Receivables Turnover 12-point trend, +1.0% 9.9 9.8 9.7 10.5 10.8 8.8 9.5 9.9 9.5 9.2 9.1 9.8
Per Share 7
Annual Per Share data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +161.5% $138.59 $134.41 $134.84 $120.56 $98.48 $80.43 $77.88 $69.85 $64.28 $57.08 $54.56 $53.00
Revenue / Share 12-point trend, +103.3% $270.34 $245.97 $250.88 $276.85 $219.09 $135.02 $161.72 $159.23 $132.19 $117.80 $124.84 $132.95
Cash Flow / Share 12-point trend, +247.2% $15.72 $25.42 $28.32 $34.45 $12.43 $17.97 $19.18 $9.17 $5.43 $8.57 $13.68 $4.53
Cash / Share 12-point trend, +204.9% $4.19 $5.92 $18.86 $19.96 $4.86 $10.75 $2.61 $1.92 $2.13 $1.69 $1.45 $1.37
Dividend / Share 12-point trend, +242.9% $5 $4 $4 $4 $3 $2 $2 $2 $2 $2 $2 $1
Dividend Paid / Share 9-point trend, +150.0% · · · $4 $3 $2 $2 $2 $2 $2 $2 $1
EPS (TTM) 12-point trend, +195.6% $13.98 $15.56 $22.64 $29.92 $21.97 $5.66 $10.34 $8.75 $8.34 $4.16 $4.16 $4.73
Growth Rates 9
Annual Growth Rates data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -94.5% 3.3% -6.6% -13.0% 20.8% 59.9% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -130.0% -5.7% -0.61% 18.9% · · · · · · · · ·
Revenue CAGR 5Y 10.2% · · · · · · · · · · ·
EPS YoY 5-point trend, -103.5% -10.2% -31.3% -24.3% 36.2% 288.2% · · · · · · ·
EPS CAGR 3Y 3-point trend, -138.1% -22.4% -10.9% 58.7% · · · · · · · · ·
EPS CAGR 5Y 19.8% · · · · · · · · · · ·
Net Income YoY 5-point trend, -105.5% -15.5% -34.5% -27.6% 30.1% 280.6% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -149.5% -26.3% -14.8% 53.1% · · · · · · · · ·
Net Income CAGR 5Y 14.7% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for RS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +36.8% $14.29B $13.84B $14.81B $17.02B $14.09B $8.81B $10.97B $11.53B $9.72B $8.61B $9.35B $10.45B
Net Income TTM 12-point trend, +96.5% $739M $875M $1.34B $1.84B $1.42B $372M $706M $642M $621M $309M $316M $376M
Market Cap 12-point trend, +215.4% $14.94B $14.46B $16.02B $11.90B $10.03B $7.62B $8.01B $4.76B $6.23B $5.78B $4.15B $4.74B
Enterprise Value 12-point trend, +135.6% $16.15B $15.29B $16.08B $11.87B $11.37B $8.57B $9.36B $6.77B $7.88B $7.51B $5.48B $6.85B
P/E 12-point trend, +59.5% 20.7 17.3 12.4 6.8 7.4 21.2 11.6 8.1 10.3 19.1 13.9 13.0
P/S 12-point trend, +130.6% 1.0 1.0 1.1 0.7 0.7 0.9 0.7 0.4 0.6 0.7 0.4 0.5
P/B 12-point trend, +80.3% 2.1 2.0 2.1 1.7 1.6 1.5 1.5 1.0 1.3 1.4 1.1 1.2
P / Tangible Book 6-point trend, +8.5% 3.7 3.6 3.5 3.0 3.5 3.4 · · · · · ·
P / Cash Flow 12-point trend, +35.0% 18.0 10.1 9.6 5.6 12.5 6.5 6.2 7.2 15.6 9.2 4.1 13.3
P / FCF 12-point trend, +3.9% 29.7 14.5 13.3 6.7 17.8 7.6 7.6 11.2 26.2 12.3 4.9 28.6
EV / EBITDA 12-point trend, +51.7% 12.5 10.7 8.1 4.3 5.2 10.8 7.6 5.9 9.0 10.2 7.2 8.2
EV / FCF 12-point trend, -22.4% 32.1 15.3 13.4 6.7 20.2 8.6 8.8 15.9 33.2 15.9 6.4 41.4
EV / Revenue 12-point trend, +72.3% 1.1 1.1 1.1 0.7 0.8 1.0 0.9 0.6 0.8 0.9 0.6 0.7
Dividend Yield 12-point trend, -29.3% 1.6% 1.7% 1.4% 1.7% 1.7% 2.1% 1.8% 3.0% 2.1% 2.1% 2.8% 2.3%
Earnings Yield 12-point trend, -37.3% 4.8% 5.8% 8.1% 14.8% 13.5% 4.7% 8.6% 12.3% 9.7% 5.2% 7.2% 7.7%
Payout Ratio · · · · · · · · · · · 28.9%
Annual Payout 12-point trend, +123.4% $243M $243M $229M $204M $171M $157M $146M $141M $130M $119M $117M $109M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $14.29B$13.84B$14.81B$17.02B$14.09B
Operating Margin % 7.1%8.4%11.8%14.7%13.8%
Net Income $739M$875M$1.34B$1.84B$1.42B
Diluted EPS $13.98$15.56$22.64$29.92$21.97
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.20.20.10.20.3
Current Ratio 4.93.25.73.63.9
Quick Ratio 2.11.43.02.01.9
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $502M$999M$1.20B$1.78B$563M

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Institutional owners (13F) 738 filers · $9.2B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
91 (-4 vs prior Q) 41 (-32 vs prior Q) 238 (+15 vs prior Q) 221 (+4 vs prior Q) +8.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $1,229,155,582 3,290,031 13.34% Shares
STATE STREET CORP $980,844,210 2,625,386 10.64% Shares
VANGUARD CAPITAL MANAGEMENT LLC $862,379,759 2,308,297 9.36% Shares
WELLINGTON MANAGEMENT GROUP LLP $388,665,794 1,040,326 4.22% Shares
GEODE CAPITAL MANAGEMENT, LLC $279,727,825 751,451 3.03% Shares
YACKTMAN ASSET MANAGEMENT LP $260,984,258 698,566 2.83% Shares
NORGES BANK $244,192,806 653,621 2.65% Shares
ALLIANCEBERNSTEIN L.P. $219,575,514 722,478 2.38% Shares
DIMENSIONAL FUND ADVISORS LP $199,143,669 533,039 2.16% Shares
AMERICAN CENTURY COMPANIES INC $179,864,713 481,435 1.95% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $161,216,246 431,521 1.75% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $155,568,161 416,403 1.69% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $142,899,758 382,494 1.55% Shares
Corient Private Wealth LP $129,798,975 347,428 1.41% Shares
TWO SIGMA INVESTMENTS, LP $125,209,798 335,144 1.36% Shares
VANGUARD FIDUCIARY TRUST CO $120,701,194 323,076 1.31% Shares
Boston Partners $117,203,550 313,714 1.27% Shares
Bank of New York Mellon Corp $112,716,614 301,704 1.22% Shares
MORGAN STANLEY $110,990,992 297,085 1.20% Shares
Qube Research & Technologies Ltd $93,340,598 249,841 1.01% Shares
FMR LLC $74,081,562 198,291 0.80% Shares
PANAGORA ASSET MANAGEMENT INC $64,811,007 173,477 0.70% Shares
VICTORY CAPITAL MANAGEMENT INC $63,091,974 168,876 0.68% Shares
Life Cycle Investment Partners Ltd $62,061,311 166,117 0.67% Shares
RHUMBLINE ADVISERS $61,837,105 165,517 0.67% Shares
CITADEL ADVISORS LLC $60,856,078 162,891 0.66% Shares
BlackRock, Inc. $54,060,667 144,702 0.59% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $53,889,932 144,245 0.58% Shares
Swiss National Bank $53,850,704 144,140 0.58% Shares
Robeco Institutional Asset Management B.V. $51,942,351 139,032 0.56% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $47,805,096 157,295 0.52% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $46,315,609 123,971 0.50% Shares
ROYCE & ASSOCIATES LP $46,153,050 123,536 0.50% Shares
SCOPUS ASSET MANAGEMENT, L.P. $44,832,000 120,000 0.49% Shares
Retirement Systems of Alabama $44,719,920 119,700 0.49% Shares
Caisse de depot et placement du Quebec $44,673,594 119,576 0.48% Shares
Allianz Asset Management GmbH $44,153,542 118,184 0.48% Shares
California Public Employees Retirement System $42,676,328 114,230 0.46% Shares
Sumitomo Mitsui Trust Group, Inc. $41,916,052 112,195 0.45% Shares
Epoch Investment Partners, Inc. $40,965,240 109,650 0.44% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $38,880,000 104,068 0.42% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $38,630,240 103,400 0.42% Shares
ENVESTNET ASSET MANAGEMENT INC $38,290,637 102,494 0.42% Shares
RAYMOND JAMES FINANCIAL INC $37,563,314 100,544 0.41% Shares
BANK OF AMERICA CORP /DE/ $36,417,781 97,478 0.40% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $35,197,977 94,213 0.38% Shares
Gotham Asset Management, LLC $32,677,671 87,467 0.35% Shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC $32,200,210 86,189 0.35% Shares
ProShare Advisors LLC $29,945,908 80,155 0.32% Shares
BNP PARIBAS FINANCIAL MARKETS $29,763,218 79,666 0.32% Shares
KLP KAPITALFORVALTNING AS $29,320,128 78,480 0.32% Shares
WOODWARD DIVERSIFIED CAPITAL, LLC $29,271,687 78,350 0.32% Shares
GOLDMAN SACHS GROUP INC $27,936,687 74,777 0.30% Shares
TD Asset Management Inc $27,865,330 74,586 0.30% Shares
AMERIPRISE FINANCIAL INC $25,871,801 69,250 0.28% Shares
RENAISSANCE TECHNOLOGIES LLC $24,751,747 66,252 0.27% Shares
ProCore Advisors, LLC $24,492,902 65,559 0.27% Shares
Korea Investment CORP $24,238,794 64,879 0.26% Shares
Cornerstone Capital, Inc. $23,725,468 63,505 0.26% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $22,789,974 61,001 0.25% Shares
STOREBRAND ASSET MANAGEMENT AS $22,246,759 59,547 0.24% Shares
SRB CORP $21,403,544 57,290 0.23% Shares
FIL Ltd $19,914,001 53,303 0.22% Shares
Quantinno Capital Management LP $19,873,948 53,195 0.22% Shares
Illinois Municipal Retirement Fund $19,787,724 52,965 0.21% Shares
Balyasny Asset Management L.P. $19,099,179 51,122 0.21% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $18,721,954 64,811 0.20% Shares
Pictet Asset Management Holding SA $18,451,182 49,387 0.20% Shares
KENNEDY CAPITAL MANAGEMENT LLC $18,066,011 48,357 0.20% Shares
TWO SIGMA ADVISERS, LP $17,782,837 61,560 0.19% Shares
Copeland Capital Management, LLC $17,778,507 47,587 0.19% Shares
HighTower Advisors, LLC $17,645,347 47,231 0.19% Shares
SPROTT INC. $17,500,918 46,844 0.19% Shares
Legal & General Group Plc $16,924,454 45,301 0.18% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $16,111,874 43,126 0.17% Shares
CWA Asset Management Group, LLC $16,084,482 43,053 0.17% Shares
BANK OF NOVA SCOTIA $15,920,964 42,615 0.17% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $15,222,332 40,745 0.17% Shares
LOOMIS SAYLES & CO L P $14,997,899 40,144 0.16% Shares
PRINCIPAL FINANCIAL GROUP INC $14,795,154 39,591 0.16% Shares
PDT Partners, LLC $14,726,191 39,417 0.16% Shares
JANE STREET GROUP, LLC $14,562,928 38,980 0.16% Shares
MERCER GLOBAL ADVISORS INC /ADV $14,348,782 38,407 0.16% Shares
LPL Financial LLC $14,262,483 38,176 0.15% Shares
Empower Advisory Group, LLC $14,167,588 37,922 0.15% Shares
NEW YORK STATE COMMON RETIREMENT FUND $13,590,074 36,376 0.15% Shares
Eurizon Capital SGR S.p.A. $13,441,501 35,974 0.15% Shares
Swedbank AB $13,315,103 35,640 0.14% Shares
AVIVA PLC $13,241,505 35,443 0.14% Shares
Liontrust Investment Partners LLP $13,017,060 45,062 0.14% Shares
FRANKLIN RESOURCES INC $12,949,723 34,662 0.14% Shares
Ethic Inc. $12,907,054 34,548 0.14% Shares
Russell Investments Group, Ltd. $12,888,670 34,498 0.14% Shares
CAPTRUST FINANCIAL ADVISORS $12,598,762 33,723 0.14% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $12,572,197 33,680 0.14% Shares
BARCLAYS PLC $12,031,041 32,203 0.13% Shares
ASSETMARK, INC $11,615,370 31,090 0.13% Shares
STATE OF WISCONSIN INVESTMENT BOARD $11,147,477 29,838 0.12% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $10,983,840 29,400 0.12% Call option
Brandywine Global Investment Management, LLC $10,588,530 36,655 0.11% Shares

Company insiders 39 insiders · 9 officers · 19 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Karla R Lewis President, CEO March 5, 2026 A 111,354 0 2 $-1,646,832
Stephen Paul Koch Exec. VP, COO March 5, 2026 A 16,543 0 6 $-8,607,661
William A Smith II SVP, General Counsel, Corp Sec July 28, 2026 S 19,394 0 4 $-2,949,956
Michael R Hynes Sr. VP, Operations March 1, 2024 A 8,606 0 0 $0
Sean Michael Mollins Sr. VP, Operations March 1, 2024 A 18,605 0 0 $0
Jeffrey Wayne Durham Sr. VP, Operations March 1, 2024 A 30,631 0 0 $0
Shanley Michael Patrick Sr. VP, Operations March 22, 2022 A 26,560 0 0 $0
William K Sales JR Special Advisor Dec. 1, 2021 F 130,780 0 0 $0
Sheldon U. Tenenbaum Sr. VP, Supplier Development March 2, 2016 M 17,431 0 0 $0
Lisa Baldwin Director May 20, 2026 A 5,128 0 0 $0
David W Seeger Director May 20, 2026 A 2,924 0 0 $0
Robert Ambrose Mcevoy Director May 20, 2026 A 23,283 0 0 $0
James Kevin Kamsickas Director May 20, 2026 A 1,036 0 0 $0
Frank J Dellaquila Director May 20, 2026 A 2,924 0 0 $0
Karen Winifred Colonias Director May 20, 2026 A 469 0 0 $0
John G Sznewajs Director May 20, 2026 A 469 0 0 $0
Douglas Stotlar Director May 20, 2026 A 469 0 0 $0
KAMINSKI MARK V Director Oct. 28, 2024 S 11,534 0 0 $0
James Donald Hoffman Director May 10, 2024 S 34,042 0 0 $0
John G. Figueroa Director May 18, 2022 A 19,303 0 0 $0
Andrew G Sharkey III Director March 7, 2022 G 22,104 0 0 $0
Sarah J Anderson Director May 19, 2021 A 13,833 0 0 $0
David H Hannah Director May 20, 2020 A 1,423 0 0 $0
Gregg J Mollins Director May 3, 2019 S 175,205 0 0 $0
Douglas M Hayes Director Feb. 26, 2019 M 14,815 0 0 $0
Thomas W Gimbel Director Feb. 25, 2019 M 1,721,813 0 0 $0
Leslie A Waite Director Nov. 20, 2015 S 86,106 0 0 $0
Arthur Ajemyan July 31, 2026 S 14,640 0 4 $-2,155,645
Franklin R Johnson April 30, 2013 M 11,703 0 0 $0
Kay Rustand Aug. 28, 2012 M 24,725 0 0 $0
Colleen Arden Wolf Nov. 30, 2011 M 0 0 0 $0
James P Macbeth Sept. 24, 2010 M 58,079 0 0 $0
Brenda Sumiye Miyamoto Sept. 9, 2008 P 2,000 0 0 $0
Richard J Slater May 21, 2008 A 250 0 0 $0
Yvette M Schiotis April 24, 2008 J 28,672 0 0 $0
Donna Newton April 24, 2008 J 1,550 0 0 $0
Joe D Crider May 16, 2007 A 100,000 0 0 $0
Robert Henigson May 19, 2005 M 372,125 0 0 $0
William I Rumer June 7, 2004 M 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 4 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
RELIANCE STEEL & ALUMINUM CO. ×2 filings Feb. 19, 2013 Initial filing M&A / sale SEC
Thomas W. Gimbel, Trustee of Florence A. Neilan Trust dated August 1, 2006 ×2 filings Oct. 27, 2009 Initial filing SEC
Thomas W. Gimbel, Trustee of Florence A. Neilan Trust dated August 1 2006 Oct. 13, 2006 Initial filing SEC
Oct. 12, 2006 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 133 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SMLL · Harbor ETF Trust 4.92% 1,878 NS April 30, 2026 N-PORT
FXZ · First Trust Exchange-Traded AlphaDE… 3.79% 40,108 NS April 30, 2026 N-PORT
PYZ · Invesco Exchange-Traded Fund Trust 2.91% 5,351 SH Aug. 8, 2026 Daily
UPGR · DBX ETF Trust 2.23% 383 NS May 29, 2026 N-PORT
IYM · iShares Trust 2.11% 50,377 SH Aug. 8, 2026 Daily
REGL · ProShares Trust 1.78% 78,425 NS May 31, 2026 N-PORT
SMCO · Tidal Trust II 1.47% 5,220 NS April 30, 2026 N-PORT
PICK · iShares, Inc. 1.28% 70,526 SH Aug. 8, 2026 Daily
VAW · VANGUARD WORLD FUND 1.25% 149,967 SH Aug. 8, 2026 Daily
FMAT · FIDELITY COVINGTON TRUST 1.21% 20,214 NS April 30, 2026 N-PORT
IJJ · iShares Trust 1.21% 259,890 SH Aug. 8, 2026 Daily
HSMV · First Trust Exchange-Traded Fund III 1.14% 953 NS April 30, 2026 N-PORT
XMLV · Invesco Exchange-Traded Fund Trust … 1.11% 19,700 SH Aug. 8, 2026 Daily
IVOV · VANGUARD ADMIRAL FUNDS 1.10% 43,831 SH Aug. 8, 2026 Daily
PAVE · Global X Funds 1.08% 383,259 NS May 31, 2026 N-PORT
CZA · Invesco Exchange-Traded Fund Trust 1.03% 4,675 SH Aug. 8, 2026 Daily
FFLV · FIDELITY COVINGTON TRUST 0.87% 418 NS April 30, 2026 N-PORT
IFRA · iShares Trust 0.77% 84,957 SH Aug. 8, 2026 Daily
AFLG · First Trust Exchange-Traded Fund VI… 0.72% 12,268 NS May 31, 2026 N-PORT
XJH · iShares Trust 0.67% 6,899 SH Aug. 8, 2026 Daily
PDP · Invesco Exchange-Traded Fund Trust 0.66% 23,376 SH Aug. 8, 2026 Daily
QVMM · Invesco Exchange-Traded Fund Trust … 0.64% 6,710 SH Aug. 8, 2026 Daily
RWK · Invesco Exchange-Traded Fund Trust … 0.63% 20,009 SH Aug. 8, 2026 Daily
FTA · First Trust Exchange-Traded AlphaDE… 0.60% 21,690 NS April 30, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.59% 2,498 NS May 31, 2026 N-PORT
IJH · iShares Trust 0.59% 1,761,405 SH Aug. 8, 2026 Daily
SMLF · iShares Trust 0.56% 57,255 SH Aug. 8, 2026 Daily
PTMC · Pacer Funds Trust 0.56% 6,023 NS April 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.53% 3,804 NS May 29, 2026 N-PORT
IVOO · VANGUARD ADMIRAL FUNDS 0.52% 82,448 SH Aug. 8, 2026 Daily
MVV · ProShares Trust 0.43% 1,807 NS May 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.41% 743,172 SH Aug. 8, 2026 Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.40% 7,958 NS May 31, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.40% 4,765 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.39% 16,168 NS April 30, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 4,730 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.38% 21,311 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.38% 867 NS April 30, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.37% 6,051 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.37% 141,387 NS May 31, 2026 N-PORT
INFO · Harbor ETF Trust 0.37% 7,851 NS April 30, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 0.36% 1,735 NS April 30, 2026 N-PORT
AVIE · AMERICAN CENTURY ETF TRUST 0.34% 93 NS May 31, 2026 N-PORT
HQGO · Lattice Strategies Trust 0.34% 449 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.33% 1,146 NS April 30, 2026 N-PORT
UMDD · ProShares Trust 0.30% 252 NS May 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.30% 1,148 NS April 30, 2026 N-PORT
SMMD · iShares Trust 0.28% 25,493 SH Aug. 8, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.24% 4,783 NS April 30, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.24% 4,667 SH Aug. 8, 2026 Daily