American Century Companies Inc. Increases Reliance, Inc. Stake

Institutional investor adds 48,220 shares to its Reliance holdings in Q3

Mar. 3, 2026 at 1:39am

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American Century Companies Inc. increased its stake in Reliance, Inc. (NYSE:RS) by 7.7% during the third quarter, according to a recent SEC filing. The institutional investor now owns 675,110 shares of the industrial products company, representing approximately 1.29% of Reliance's outstanding stock.

Why it matters

This transaction highlights the continued institutional interest in Reliance, a leading metals service center that distributes and processes a wide range of metal products. As a major shareholder, American Century's increased position could signal confidence in Reliance's growth prospects and future performance.

The details

According to the filing, American Century Companies acquired an additional 48,220 shares of Reliance during the third quarter, bringing its total holdings to 675,110 shares. This represents a 7.7% increase in the firm's position compared to the prior quarter. Reliance is an industrial products company that serves diverse end markets including energy, infrastructure, manufacturing, transportation, and aerospace.

  • The transaction occurred during the third quarter of the company's fiscal year.

The players

American Century Companies Inc.

An investment management firm that oversees over $200 billion in assets under management.

Reliance, Inc.

A leading metals service center that distributes and processes a wide range of metal products for diverse end markets.

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The takeaway

American Century's increased stake in Reliance suggests continued institutional confidence in the industrial products company's growth potential and market positioning. As a major shareholder, American Century's transaction could signal positive sentiment around Reliance's future performance.