Ranpak Holdings

PACK • NYSE

Ranpak Holdings is a packaging & containers company in the consumer cyclical sector on NYSE, led by Omar Asali, with a market cap of $468.3M. As of Q3 2025, 87% of shares are held by 108 institutional investors, with JS Capital Management LLC as the largest holder at 36.19%.

Chairman and Chief Executive OfficerOmar Asali

Market Cap$468.3M

Packaging & Containers

Consumer Cyclical

Employees800.0

Websiteranpak.com

Country

United States of America

Overview

Overview of institutional ownership in PACK as of Q3 2025 with a market cap of $474.1M

All Institutions

Institutions: 108
Value Held: $413.0M
Shares Held: 73.5M
Avg Position: $3.8M
Median Position: $254.4K

Hedge Funds

Hedge Funds: 17
Value Held: $63.0M
Shares Held: 11.2M
Avg Position: $3.7M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

73.82%

$350.0M

Hedge Funds

13.28%

$63.0M

Retail & Other

12.9%

$61.2M

Based on market cap of $474.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PACK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
J JS Capital Management LLC Institution	-	$171.6M 100.00% of portfolio	36.19% 30.5M shares	Q2 2019 Held for 6y 5m	$171.6M
S SOROS CAPITAL MANAGEMENT LLC Institution	-	$26.0M 6.43% of portfolio	5.49% 4.6M shares	Q4 2019 Held for 5y 11m	$404.5M
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	Joshua M Goldberg Managing Partner	$22.0M 4.71% of portfolio	4.64% 3.9M shares	Q4 2020 Held for 4y 11m	$467.4M
B BlackRock, Inc. Institution	-	$17.6M 0.00% of portfolio	3.70% 3.1M shares	Q4 2019 Held for 5y 11m	$5.67T
S Schusterman Interests, LLC Institution	-	$17.0M 3.88% of portfolio	3.58% 3.0M shares	Q4 2021 Held for 3y 11m	$437.6M
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$17.0M 0.00% of portfolio	3.58% 3.0M shares	Q3 2020 Held for 5y 2m	$466.32B
P Petrus Trust Company, LTA Institution	-	$16.1M 1.77% of portfolio	3.40% 2.9M shares	Q3 2019 Held for 6y 2m	$912.7M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$14.9M 0.00% of portfolio	3.14% 2.7M shares	Q2 2019 Held for 6y 5m	$6.69T
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	David John Corkins Managing Partner	$12.3M 0.23% of portfolio	2.59% 2.2M shares	Q1 2018 Held for 7y 8m	$5.4B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$6.7M 0.01% of portfolio	1.42% 1.2M shares	Q2 2023 Held for 2y 5m	$121.98B

Net Capital Flow

Institutional buying and selling activity for PACK in Q3 2025

Traded: +$28.5M
Buyers: 57
Sellers: 55
Total Bought: +$49.4M
Total Sold: −$20.9M
Avg Position: $3.2M

Biggest Buyers

Institution	Net Bought	Current Position
S Schusterman Interests, LLC Institution	+$16.4M +2.9M shares	$17.0M 3.0M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$6.6M +1.2M shares	$6.7M 1.2M shares
FORMULA GROWTH LTD Hedge Fund•Long/Short	+$4.0M +704.3K shares	$5.8M 1.0M shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$3.3M +582.6K shares	$4.0M 718.9K shares
B Bastion Asset Management Inc. Institution	+$3.2M +578.9K shares	$3.2M 578.9K shares
R ROYCE & ASSOCIATES LLC Institution	+$2.5M +450.0K shares	$2.5M 450.0K shares
UBS Group AG Institution	+$2.5M +445.8K shares	$2.9M 518.9K shares
Portolan Capital Management, LLC Hedge Fund•Long/Short	+$1.8M +315.5K shares	$1.8M 315.5K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$1.3M +222.6K shares	$1.4M 245.8K shares
F First Eagle Investment Management, LLC Long Only Manager	+$1.0M +182.8K shares	$1.0M 182.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
C Coliseum Capital Management, LLC Hedge Fund•Distressed	−$5.0M −1.4M shares	Sold Off 0 shares
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	−$4.2M −745.7K shares	$22.0M 3.9M shares
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	−$4.0M −704.3K shares	$12.3M 2.2M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$843.6K −150.1K shares	$186.5K 33.2K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$843.6K −150.1K shares	$123.3K 21.9K shares
PRUDENTIAL FINANCIAL INC Institution	−$765.7K −214.5K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$521.6K −146.1K shares	Sold Off 0 shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	−$419.5K −74.6K shares	$4.7M 834.6K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	−$397.9K −70.8K shares	$272.3K 48.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$359.0K −63.9K shares	$394.0K 70.1K shares

Entry and Exit Activity

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

New Positions: 13
New Value: $8.5M
Exited Positions: 22
Exited Value: $8.0M

New Positions

Institution	Position Value
B Bastion Asset Management Inc. Institution	$3.2M 578.9K shares
R ROYCE & ASSOCIATES LLC Institution	$2.5M 450.0K shares
F First Eagle Investment Management, LLC Long Only Manager	$1.0M 182.8K shares
CWM Advisors, LLC ETF Provider	$462.8K 82.3K shares
SCHMEIDLER A R & CO INC RIA/Wealth	$398.3K 70.9K shares
OLD NATIONAL BANCORP /IN/ Institution	$224.8K 40.0K shares
GWN SECURITIES INC. RIA/Wealth	$180.6K 32.1K shares
M Mink Brook Asset Management LLC Institution	$140.5K 25.0K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$130.2K 23.2K shares
Worth Venture Partners, LLC Fund of Funds	$126.5K 22.5K shares

Exited Positions

Institution	Previous Position
C Coliseum Capital Management, LLC Hedge Fund•Distressed	$5.0M 1.4M shares
PRUDENTIAL FINANCIAL INC Institution	$765.7K 214.5K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$521.6K 146.1K shares
H HRT FINANCIAL LLC Institution	$232.1K 65.0K shares
D D. E. Shaw & Co., Inc. Institution	$210.3K 58.9K shares
C Cubist Systematic Strategies, LLC Institution	$172.3K 48.3K shares
E EntryPoint Capital, LLC Hedge Fund•Long/Short	$161.8K 45.3K shares
C CANTOR FITZGERALD, L. P. Institution	$160.7K 45.0K shares
P Point72 Asia Pte. Ltd. Institution	$121.2K 34.0K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$117.7K 33.0K shares

Options Activity

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

Call Positions: 4
Call Value: $2.0M
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$764.9K 1.4K contracts
C CastleKnight Management LP Hedge Fund•Event Driven	$562.0K 1.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$464.8K 827.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$179.8K 320.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
J JS Capital Management LLC Institution	-	100.00% $171.6M	36.19% 30.5M shares	Q2 2019 Held for 6y 5m	$171.6M
S SOROS CAPITAL MANAGEMENT LLC Institution	-	6.43% $26.0M	5.49% 4.6M shares	Q4 2019 Held for 5y 11m	$404.5M
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	Joshua M Goldberg Managing Partner	4.71% $22.0M	4.64% 3.9M shares	Q4 2020 Held for 4y 11m	$467.4M
S Schusterman Interests, LLC Institution	-	3.88% $17.0M	3.58% 3.0M shares	Q4 2021 Held for 3y 11m	$437.6M
Meros Investment Management, LP Long Only Manager	Kenneth Scott Canon CEO	2.57% $6.0M	1.27% 1.1M shares	Q3 2022 Held for 3y 2m	$234.2M
FORMULA GROWTH LTD Hedge Fund•Long/Short	Randall William Kelly President	2.00% $5.8M	1.22% 1.0M shares	Q2 2024 Held for 1y 5m	$288.3M
B Bastion Asset Management Inc. Institution	-	1.84% $3.2M	0.69% 578.9K shares	Q3 2025 Held for 2 months	$173.7M
P Petrus Trust Company, LTA Institution	-	1.77% $16.1M	3.40% 2.9M shares	Q3 2019 Held for 6y 2m	$912.7M
Ulysses Management LLC Hedge Fund•Multi-Strategy	Joshua Nash President	0.91% $3.9M	0.82% 692.3K shares	Q2 2019 Held for 6y 5m	$429.4M
Worth Venture Partners, LLC Fund of Funds	David Alexander Wertentheil CEO	0.62% $126.5K	0.03% 22.5K shares	Q3 2025 Held for 2 months	$20.3M

Hedge Fund Spotlight

Discover hedge funds investing in PACK

Divisadero Street Capital Management, LP

Hedge Fund • Long/Short

Portfolio ManagerWilliam Zolezzi

Portfolio Value: $2.1B
Positions: 163
Last Reported: Q3 2025

Sector Allocation

Position in Ranpak Holdings

Market Value: $1.4M
Shares Held: 250.0K
Portfolio Weight: 0.07%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Dave, Inc. DAVE	Software - Application Technology	$184.5M	8.63%
2 Super Group Limited SGHC	Gambling, Resorts & Casinos Consumer Cyclical	$129.8M	6.07%
3 Sezzle SEZL	Financial - Credit Services Financial Services	$118.9M	5.56%