Assenagon Asset Management Boosts Reliance Stake by 24.7%

The institutional investor added over 4,800 shares of the industrial products company in Q4 2025.

Mar. 29, 2026 at 7:19am

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Assenagon Asset Management S.A. grew its stake in Reliance, Inc. (NYSE:RS) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 24,284 shares of the industrial products company's stock, valued at $7,015,000.

Why it matters

This transaction highlights the continued institutional interest and confidence in Reliance, a leading metals service center that distributes and processes a diverse array of metal products. The stock's performance and growth potential have attracted the attention of major investors like Assenagon.

The details

Assenagon Asset Management S.A. acquired an additional 4,817 shares of Reliance during the fourth quarter, bringing its total position to 24,284 shares. This represents a 24.7% increase in the firm's stake in the industrial products company.

  • Assenagon Asset Management S.A. filed its 13F report for the fourth quarter of 2025 on March 29, 2026.

The players

Assenagon Asset Management S.A.

An institutional investor that manages a portfolio of assets, including a position in Reliance, Inc.

Reliance, Inc.

A leading metals service center company that distributes and processes a broad array of metal products, serving diverse end markets.

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The takeaway

Reliance's continued appeal to institutional investors like Assenagon Asset Management highlights the company's strong fundamentals and growth potential in the industrial metals sector. This transaction underscores the confidence major players have in Reliance's long-term prospects.