WR

WRB WR BERKLEY CORP

2026Q2 · CUSIP 084423102 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
955
Institutions that reported holding it to the SEC
Net increase in holders
+29
Last quarter 926 → now 955
How unusual is that
Top 20%
Stronger buying than 84% of US stocks
What the filings say, in one paragraph

955 funds held WRB at the end of 2026Q2, up 29 from the quarter before. That is stronger buying than 84.1% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $14.9B(YoY +4.3%), the P/E is 15.2x, return on equity is 19.6%. WRB has had 20 buying rushes in its history, and the price moved +2.0% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=292 2013Q4: holders=315 2014Q1: holders=302 2014Q2: holders=309 2014Q3: holders=305 2014Q4: holders=340 2015Q1: holders=334 2015Q2: holders=323 2015Q3: holders=328 2015Q4: holders=342 2016Q1: holders=339 2016Q2: holders=335 2016Q3: holders=331 2016Q4: holders=354 2017Q1: holders=357 2017Q2: holders=352 2017Q3: holders=354 2017Q4: holders=374 2018Q1: holders=393 2018Q2: holders=384 2018Q3: holders=391 2018Q4: holders=398 2019Q1: holders=397 2019Q2: holders=409 2019Q3: holders=440 2019Q4: holders=489 2020Q1: holders=443 2020Q2: holders=450 2020Q3: holders=453 2020Q4: holders=503 2021Q1: holders=504 2021Q2: holders=523 2021Q3: holders=509 2021Q4: holders=576 2022Q1: holders=615 2022Q2: holders=661 2022Q3: holders=667 2022Q4: holders=714 2023Q1: holders=690 2023Q2: holders=656 2023Q3: holders=665 2023Q4: holders=727 2024Q1: holders=769 2024Q2: holders=757 2024Q3: holders=800 2024Q4: holders=877 2025Q1: holders=919 2025Q2: holders=924 2025Q3: holders=936 2025Q4: holders=956 2026Q1: holders=926 2026Q2: holders=955 -77 -38.5 +0 +38.5 +77 2626331004 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 20 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20% — —
2025Q1 Top 5% -3.4% -2.3%
2024Q4 Top 10% +15.7% +21.6%
2024Q3 Top 10% -5.0% +1.2%
2024Q1 Top 10% -0.1% +9.4%
2023Q4 Top 10% +5.0% -3.9%
2022Q4 Top 10% -6.5% -13.8%
2022Q2 Top 1% in the market -2.3% +1.7%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
314
Change in large funds
+28
Total value they hold
$19.8B
Funds buying for the first time
125
Funds that sold out entirely
96
Price change that quarter
+2.4%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
4

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
15.2
EPS (TTM)
$4.87
EPS YoY
+10.9%
Revenue (TTM)
$14.9B
Revenue YoY
+4.3%
Net margin
12.9%
ROE
19.6%
Debt ratio
78.5%
FCF (TTM)
—
Dividend (TTM)
$1.87
Quarterly Revenue & EPS
2021-09-30: EPS 0.93 2021-12-31: EPS 1.06 2022-03-31: EPS 2.12 2022-06-30: EPS 0.64 2022-09-30: EPS 0.82 2022-12-31: EPS -0.29 2023-03-31: EPS 1.06 2023-06-30: EPS 0.87 2023-09-30: EPS 0.82 2023-12-31: EPS 0.62 2024-03-31: EPS 1.09 2024-06-30: EPS 0.92 2024-09-30: EPS 0.91 2024-12-31: EPS 1.44 2025-03-31: EPS 1.04 2025-06-30: EPS 1.00 2025-09-30: EPS 1.28 2025-12-31: EPS 1.13 2026-03-31: EPS 1.31 2026-06-30: EPS 1.15 0B 1.9B 3.8B $B -0.32 1.01 2.33 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 16 8 13 18 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-34M172M378M 20162017201820192020202120222023202420252026
Latest quarter $290M (2019-12-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.