Citigroup Inc. Boosts Reliance, Inc. (RS) Stake

Institutional investor increases holdings in industrial products company by 12.7%

Feb. 27, 2026 at 8:36am

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Citigroup Inc. grew its holdings in Reliance, Inc. (NYSE:RS) by 12.7% in the 3rd quarter, according to the company's recent Form 13F filing with the Securities & Exchange Commission. The institutional investor now owns 80,293 shares of the industrial products company's stock, worth approximately $22.5 million.

Why it matters

Reliance, a leading metals service center distributor, has seen increased institutional investment interest as it navigates market conditions and seeks to expand its business. Citigroup's increased stake signals confidence in the company's long-term prospects.

The details

Citigroup acquired an additional 9,044 shares of Reliance during the third quarter, bringing its total ownership to 80,293 shares or approximately 0.15% of the company. This follows other large investors, such as Boston Partners and Franklin Resources Inc., also increasing their positions in Reliance in recent quarters.

  • Citigroup increased its Reliance holdings in the 3rd quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation.

Reliance, Inc.

A leading metals service center distributor that provides cut-to-length, shearing, blanking, sawing, bending, machining and other value-added services for a variety of metal products.

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The takeaway

Citigroup's increased stake in Reliance suggests the institutional investor sees long-term value in the industrial products company, which could signal broader market confidence in Reliance's ability to navigate industry challenges and capitalize on growth opportunities.