Old Republic International

ORI • NYSE

Old Republic International is a insurance - diversified company in the financial services sector on NYSE, led by Craig Smiddy, with a market cap of $11.2B. As of Q3 2025, 73% of shares are held by 639 institutional investors, with BlackRock, Inc. as the largest holder at 10.83%.

President and Chief Executive OfficerCraig Smiddy

Market Cap$11.2B

Insurance - Diversified

Financial Services

Employees9.2K

Websiteoldrepublic.com

Country

United States of America

Overview

Overview of institutional ownership in ORI as of Q3 2025 with a market cap of $10.6B

All Institutions

Institutions: 639
Value Held: $7.7B
Shares Held: 180.3M
Avg Position: $12.0M
Median Position: $590.9K

Hedge Funds

Hedge Funds: 33
Value Held: $549.1M
Shares Held: 13.0M
Avg Position: $16.6M
Median Position: $3.4M

Ownership Breakdown

Institutional (non-HF)

67.34%

$7.1B

Hedge Funds

5.2%

$549.1M

Retail & Other

27.45%

$2.9B

Based on market cap of $10.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ORI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	10.83% 26.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.1B 0.02% of portfolio	10.25% 25.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$461.3M 0.02% of portfolio	4.37% 10.9M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$361.1M 0.23% of portfolio	3.42% 8.5M shares	Q1 2018 Held for 7y 8m	$158.22B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$319.2M 0.20% of portfolio	3.04% 7.6M shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$285.3M 0.06% of portfolio	2.70% 6.7M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Hamlin Capital Management, LLC Long Only Manager	Mark (Nmn) Stitzer CEO	$220.1M 5.01% of portfolio	2.09% 5.2M shares	Q1 2018 Held for 7y 8m	$4.4B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$174.5M 0.01% of portfolio	1.65% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	Teresa Joy Rasmussen CEO	$166.8M 0.35% of portfolio	1.58% 3.9M shares	≤ Q2 2013 Held for 12y 5m+	$48.0B
Bank of New York Mellon Corp Institution	Robin Vince CEO	$152.3M 0.03% of portfolio	1.44% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B

Net Capital Flow

Institutional buying and selling activity for ORI in Q3 2025

Traded: +$174.6M
Buyers: 326
Sellers: 276
Total Bought: +$670.1M
Total Sold: −$495.5M
Avg Position: $10.7M

Biggest Buyers

Institution	Net Bought	Current Position
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$161.1M +3.8M shares	$166.8M 3.9M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$75.0M +1.8M shares	$319.2M 7.6M shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$67.2M +1.6M shares	$135.8M 3.2M shares
Bank of New York Mellon Corp Institution	+$24.5M +575.8K shares	$152.3M 3.6M shares
FIRST TRUST ADVISORS LP ETF Provider	+$23.2M +545.8K shares	$99.0M 2.3M shares
P Port Capital LLC Hedge Fund•Value	+$20.6M +485.8K shares	$20.6M 485.8K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	+$19.9M +468.2K shares	$20.4M 479.9K shares
UBS Group AG Institution	+$18.1M +425.1K shares	$42.5M 1.0M shares
C Colony Group, LLC Institution	+$14.3M +337.5K shares	$23.1M 543.0K shares
BARCLAYS PLC Institution	+$13.4M +315.3K shares	$22.4M 528.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$71.1M −1.7M shares	$361.1M 8.5M shares
B BlackRock, Inc. Institution	−$36.2M −852.4K shares	$1.1B 26.9M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$35.5M −835.1K shares	$22.0M 518.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$31.6M −743.9K shares	$8.4M 198.9K shares
FRANKLIN RESOURCES INC Institution	−$19.7M −463.2K shares	$16.3M 383.0K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$19.0M −447.2K shares	$51.4M 1.2M shares
Q Qube Research & Technologies Ltd Institution	−$18.3M −430.5K shares	$11.9M 279.4K shares
R ROYAL BANK OF CANADA Institution	−$17.5M −412.6K shares	$33.1M 779.8K shares
Invesco Ltd. ETF Provider	−$17.1M −403.4K shares	$89.6M 2.1M shares
NORTHERN TRUST CORP Institution	−$16.4M −385.8K shares	$115.5M 2.7M shares

Entry and Exit Activity

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

New Positions: 52
New Value: $46.1M
Exited Positions: 76
Exited Value: $78.2M

New Positions

Institution	Position Value
P Port Capital LLC Hedge Fund•Value	$20.6M 485.8K shares
Ellsworth Advisors, LLC RIA/Wealth	$6.0M 140.2K shares
SCS Capital Management LLC RIA/Wealth	$4.5M 105.2K shares
GABELLI FUNDS LLC Long Only Manager	$1.7M 39.5K shares
CBOE Vest Financial, LLC ETF Provider	$1.5M 35.7K shares
Live Oak Investment Partners RIA/Wealth	$1.3M 30.0K shares
TOUNJIAN ADVISORY PARTNERS, LLC Family Office	$1.0M 24.7K shares
A A. D. Beadell Investment Counsel, Inc. Institution	$772.7K 18.2K shares
C CSS LLC/IL Institution	$688.0K 16.2K shares
Aaron Wealth Advisors LLC RIA/Wealth	$613.6K 14.4K shares

Exited Positions

Institution	Previous Position
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$11.7M 303.5K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$10.4M 271.5K shares
C Cubist Systematic Strategies, LLC Institution	$10.0M 261.2K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$4.7M 122.2K shares
Engineers Gate Manager LP Hedge Fund•Quant	$4.2M 108.3K shares
THIRD AVENUE MANAGEMENT LLC Long Only Manager	$3.8M 98.5K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$2.5M 66.2K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$2.3M 61.0K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$2.2M 58.0K shares
Counterpoint Mutual Funds LLC ETF Provider	$1.9M 49.9K shares

Options Activity

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

Call Positions: 6
Call Value: $48.0M
Put Positions: 3
Put Value: $5.4M

Call Positions

Institution	Position Value
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$42.7M 10.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.6M 856.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$883.4K 208.0 contracts
J JANE STREET GROUP, LLC Institution	$424.7K 100.0 contracts
W WOLVERINE TRADING, LLC Institution	$342.6K 82.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.9M 687.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.2M 515.0 contracts
W WOLVERINE TRADING, LLC Institution	$313.4K 75.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Hamlin Capital Management, LLC Long Only Manager	Mark (Nmn) Stitzer CEO	5.01% $220.1M	2.09% 5.2M shares	Q1 2018 Held for 7y 8m	$4.4B
O Orca Wealth Management, LLC RIA/Wealth	Kenneth Donald Ouellette Managing Partner	4.92% $6.5M	0.06% 153.1K shares	Q4 2024 Held for 11 months	$132.0M
B Belfer Management LLC Institution	-	3.50% $252.3K	0.00% 5.9K shares	Q3 2024 Held for 1y 2m	$7.2M
N NEW VERNON INVESTMENT MANAGEMENT LLC Hedge Fund•Multi-Strategy	Steven Arthur Shapiro Managing Partner	3.44% $3.7M	0.03% 86.7K shares	Q3 2025 Held for 2 months	$107.2M
Paradiem, LLC RIA/Wealth	Eric Lee Dunavant President	3.29% $14.1M	0.13% 332.5K shares	Q4 2020 Held for 4y 11m	$428.9M
B Bank & Trust Co Institution	-	2.96% $4.0M	0.04% 94.2K shares	Q2 2024 Held for 1y 5m	$135.1M
P PARK CIRCLE Co Institution	-	2.91% $3.4M	0.03% 79.0K shares	Q2 2021 Held for 4y 5m	$115.2M
Dupree Financial Group, LLC RIA/Wealth	William Martin Ambrose CFO	2.72% $7.0M	0.07% 165.1K shares	Q4 2023 Held for 1y 11m	$257.5M
M MILLER HOWARD INVESTMENTS INC /NY Long Only Manager	Luan Elizabeth Jenifer CEO	2.64% $85.9M	0.81% 2.0M shares	Q1 2018 Held for 7y 8m	$3.3B
W Weaver C. Barksdale & Associates, Inc. Long Only Manager	Ann Loden Roberts CEO	2.42% $2.5M	0.02% 59.2K shares	Q4 2021 Held for 3y 11m	$103.9M