Corvel

CRVL • NASDAQ

Corvel is a insurance - brokers company in the financial services sector on NASDAQ, led by Michael G. Combs, with a market cap of $3.6B. As of Q3 2025, 53% of shares are held by 270 institutional investors, with KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC as the largest holder at 10.63%.

CEOMichael G. Combs

Market Cap$3.6B

Insurance - Brokers

Financial Services

Employees4.9K

Websitecorvel.com

Country

United States of America

Overview

Overview of institutional ownership in CRVL as of Q3 2025 with a market cap of $4.0B

All Institutions

Institutions: 270
Value Held: $2.1B
Shares Held: 27.2M
Avg Position: $7.8M
Median Position: $592.0K

Hedge Funds

Hedge Funds: 38
Value Held: $232.6M
Shares Held: 3.0M
Avg Position: $6.1M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

47.09%

$1.9B

Hedge Funds

5.86%

$232.6M

Retail & Other

47.05%

$1.9B

Based on market cap of $4.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CRVL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	$422.1M 1.03% of portfolio	10.63% 5.5M shares	Q2 2020 Held for 5y 5m	$41.0B
B BlackRock, Inc. Institution	-	$362.2M 0.01% of portfolio	9.12% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$254.5M 0.00% of portfolio	6.41% 3.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$137.4M 0.18% of portfolio	3.46% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$96.9M 0.02% of portfolio	2.44% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$88.9M 0.00% of portfolio	2.24% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$69.6M 0.00% of portfolio	1.75% 899.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
B BTIM Corp. Institution	-	$41.0M 0.30% of portfolio	1.03% 529.1K shares	Q4 2013 Held for 11y 11m	$13.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$37.7M 0.00% of portfolio	0.95% 486.7K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	Teresa Joy Rasmussen CEO	$35.5M 0.07% of portfolio	0.89% 458.3K shares	Q1 2017 Held for 8y 8m	$48.0B

Net Capital Flow

Institutional buying and selling activity for CRVL in Q3 2025

Traded: −$13.4M
Buyers: 155
Sellers: 129
Total Bought: +$139.4M
Total Sold: −$152.8M
Avg Position: $6.6M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$21.0M +271.5K shares	$362.2M 4.7M shares
Q Qube Research & Technologies Ltd Institution	+$9.2M +118.9K shares	$18.3M 236.7K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	+$7.1M +92.1K shares	$16.8M 217.6K shares
MORGAN STANLEY RIA/Wealth	+$6.1M +79.2K shares	$37.7M 486.7K shares
A Assenagon Asset Management S.A. Institution	+$5.5M +70.5K shares	$13.4M 172.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$4.8M +62.2K shares	$5.6M 72.7K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$4.5M +58.3K shares	$35.5M 458.3K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$4.4M +56.2K shares	$8.7M 112.2K shares
STATE STREET CORP Institution	+$4.2M +54.9K shares	$88.9M 1.1M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$4.1M +53.5K shares	$69.6M 899.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
N Neuberger Berman Group LLC Institution	−$40.1M −389.7K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$18.3M −237.0K shares	$23.6M 304.6K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$10.9M −141.3K shares	$7.1M 91.8K shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	−$8.2M −106.1K shares	$422.1M 5.5M shares
Invesco Ltd. ETF Provider	−$6.9M −89.3K shares	$9.4M 121.0K shares
HPM Partners LLC RIA/Wealth	−$6.8M −87.4K shares	$3.2M 41.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$5.2M −50.2K shares	Sold Off 0 shares
A AXA Institution	−$4.2M −41.2K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$3.8M −49.4K shares	$5.8M 75.0K shares
C Cubist Systematic Strategies, LLC Institution	−$3.8M −49.2K shares	$5.3M 68.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CRVL in Q3 2025

New Positions: 18
New Value: $1.6M
Exited Positions: 45
Exited Value: $65.8M

New Positions

Institution	Position Value
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$480.4K 6.2K shares
C Convergence Financial, LLC RIA/Wealth	$359.2K 4.6K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$255.5K 3.3K shares
Numerai GP LLC Hedge Fund•Quant	$229.7K 3.0K shares
ISAM Funds Ltd Hedge Fund•Quant	$113.7K 1.5K shares
DIAM Co., Ltd. Long Only Manager	$46.9K 606.0 shares
S Salomon & Ludwin, LLC Institution	$19.9K 269.0 shares
B BROWN BROTHERS HARRIMAN & CO RIA/Wealth	$18.2K 235.0 shares
P Pacer Advisors, Inc. Institution	$8.2K 106.0 shares
R Root Financial Partners, LLC RIA/Wealth	$6.7K 86.0 shares

Exited Positions

Institution	Previous Position
N Neuberger Berman Group LLC Institution	$40.1M 389.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.2M 50.2K shares
A AXA Institution	$4.2M 41.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.1M 30.1K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$2.1M 20.8K shares
Horizon Investments, LLC/SC Long Only Manager	$1.1M 10.3K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$885.7K 8.6K shares
Ellsworth Advisors, LLC RIA/Wealth	$786.3K 7.7K shares
MACKENZIE FINANCIAL CORP Long Only Manager	$749.9K 7.3K shares
I INCEPTIONR LLC Hedge Fund•Quant	$726.0K 7.1K shares

Options Activity

Institutions with the largest Call and Put options positions in CRVL as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with CRVL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	1.03% $422.1M	10.63% 5.5M shares	Q2 2020 Held for 5y 5m	$41.0B
CHATHAM CAPITAL GROUP, INC. RIA/Wealth	Frederick Reynolds Muller CEO	0.65% $4.5M	0.11% 58.6K shares	Q1 2020 Held for 5y 8m	$695.2M
B BTIM Corp. Institution	-	0.30% $41.0M	1.03% 529.1K shares	Q4 2013 Held for 11y 11m	$13.6B
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	Ryan Zentner Lafond CIO	0.28% $16.8M	0.42% 217.6K shares	Q3 2021 Held for 4y 2m	$6.0B
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	Taro Hsu Kuriyama COO	0.22% $574.9K	0.01% 7.4K shares	Q1 2025 Held for 8 months	$261.9M
TEALWOOD ASSET MANAGEMENT INC RIA/Wealth	Stephen Peet Moseley CEO	0.21% $493.8K	0.01% 6.4K shares	Q3 2025 Held for 2 months	$239.3M
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	Ricky Xiaoxiao Shi Partner	0.20% $1.6M	0.04% 21.1K shares	Q3 2023 Held for 2y 2m	$821.7M
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	0.18% $137.4M	3.46% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
BEARING POINT CAPITAL, LLC RIA/Wealth	Thomas Matthew Hawley Founder	0.16% $929.0K	0.02% 12.0K shares	Q4 2024 Held for 11 months	$580.4M
Impact Capital Partners LLC RIA/Wealth	Christian Albrecht Wulf Von Schimmelmann Managing Partner	0.16% $531.6K	0.01% 6.9K shares	Q4 2024 Held for 11 months	$332.3M

Hedge Fund Spotlight

Discover hedge funds investing in CRVL

ARP AMERICAS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerLudger (Nmn) Hentschel

Portfolio Value: $544.4M
Positions: 607
Last Reported: Q3 2025

Sector Allocation

Position in Corvel

Market Value: $267.6K
Shares Held: 3.5K
Portfolio Weight: 0.05%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Merus N.V. MRUS	Biotechnology Healthcare	$18.7M	3.44%
2 Potbelly Corporation PBPB	Restaurants Consumer Cyclical	$18.0M	3.31%
3 Steelcase SCS	Business Equipment & Supplies Industrials	$15.5M	2.84%