Reliance, Inc.
US ˙ NYSE ˙ US7595091023

SecurityRS / Reliance, Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership61,560 shares
Latest Disclosed Value $ 17,782,837
Two Sigma Advisers, Lp reports 230.97% increase in ownership of RS / Reliance, Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 61,560 shares of Reliance, Inc. (US:RS) valued at $17,782,837 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 18,600 shares of Reliance, Inc.. This represents a change in shares of 230.97% during the quarter. The current value of the position is $24,279,880 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F RELIANCE COM 759509102 61,560 42,960 230.97 17,783 240.46 0.0346
2025-11-14 2025-09-30 13F RELIANCE COM 759509102 18,600 18,600 5,223 0.0105
2025-05-15 2025-03-31 13F RELIANCE COM 759509102 0 -8,800 -100.00 0 -100.00
2025-02-14 2024-12-31 13F RELIANCE COM 759509102 8,800 5,300 151.43 2,369 134.09 0.0055
2024-11-14 2024-09-30 13F RELIANCE COM 759509102 3,500 -4,900 -58.33 1,012 -57.82 0.0024
2024-08-14 2024-06-30 13F RELIANCE COM 759509102 8,400 100 1.20 2,399 -13.49 0.0053
2024-05-15 2024-03-31 13F RELIANCE COM 759509102 8,300 -3,400 -29.06 2,774 -15.25 0.0064
2024-02-14 2023-12-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 11,700 400 3.54 3,272 10.43 0.0077
2023-11-14 2023-09-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 11,300 600 5.61 2,963 1.96 0.0076
2023-08-14 2023-06-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 10,700 2,300 27.38 2,906 34.79 0.0074
2023-05-15 2023-03-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 8,400 8,400 2,157 0.0056
2021-11-15 2021-09-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 0 -2,600 -100.00 0 -100.00
2021-08-16 2021-06-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 2,600 2,600 392 0.0010
2021-02-16 2020-12-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 0 -3,800 -100.00 0 -100.00
2020-11-16 2020-09-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 3,800 3,800 388 0.0011
2017-05-15 2017-03-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 0 -2,877 -100.00 0 -100.00
2017-02-14 2016-12-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 2,877 2,877 0.00 229 0.0009
2016-08-15 2016-06-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 0 -42,877 -100.00 0 -100.00
2016-05-16 2016-03-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 42,877 -165,186 -79.39 2,967 -75.38 0.0166
2016-02-16 2015-12-31 13F RELIANCE STEEL & ALUMINUM COM 759509102 208,063 -70,756 -25.38 12,049 -20.48 0.0718
2015-11-16 2015-09-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 278,819 150,842 117.87 15,152 95.76 0.0955
2016-02-09 2015-06-30 13F/A-1 RELIANCE STEEL & ALUMINUM COMMON STOCK 759509102 127,977 -21,700 -14.50 7,740 -15.34 0.0596
2015-08-14 2015-06-30 13F RELIANCE STEEL & ALUMINUM COMMON STOCK 759509102 128,577 7,786
2016-02-09 2015-03-31 13F/A-1 RELIANCE STEEL + ALUMINUM COMMON STOCK 759509102 149,677 -16,330 -9.84 9,142 -10.12 0.0702
2015-05-15 2015-03-31 13F RELIANCE STEEL + ALUMINUM COMMON STOCK 759509102 151,077 9,209
2016-02-09 2014-12-31 13F/A-1 Reliance Steel & Aluminum Common Stock 759509102 166,007 19,530 13.33 10,171 1.52 0.0813
2015-02-17 2014-12-31 13F Reliance Steel & Aluminum Common Stock 759509102 166,007 10,172
2016-02-09 2014-09-30 13F/A-1 RELIANCE STEEL & ALUMINUM COM 759509102 146,477 146,477 -11.76 10,019 -1.49 0.0790
2014-11-14 2014-09-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 146,177 9,999
2014-08-14 2014-06-30 13F Reliance Steel & Aluminum Common Stock 759509102 0 -45,677 -100.00 0 -100.00
2014-05-15 2014-03-31 13F Reliance Steel & Aluminum Common Stock 759509102 45,677 7,900 20.91 3,228 12.63 0.0293
2014-02-14 2013-12-31 13F Reliance Steel & Aluminum Common Stock 759509102 37,777 26,500 234.99 2,866 246.97 0.0277
2013-11-14 2013-09-30 13F Reliance Steel & Aluminum Common Stock 759509102 11,277 3,200 39.62 826 55.85 0.0098
2013-08-14 2013-06-30 13F RELIANCE STEEL & ALUMINUM COM 759509102 8,077 8,077 530 0.0076
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.