Fund Rotates Into Insurance Stock With Big Purchase

Core Insights - Wealthedge Investment Advisors, LLC disclosed a new position in RLI, acquiring 50,952 shares valued at $3.32 million, representing 1.26% of the fund's reportable U.S. equity assets under management [2][3][4] Company Overview - RLI reported a total revenue of $1.83 billion and a net income of $353.02 million for the trailing twelve months (TTM) [5] - The company offers a diversified portfolio of property and casualty insurance products, including commercial and personal coverage, general and professional liability, and reinsurance [9] - RLI serves a broad client base, focusing on commercial insureds, contractors, professionals, and small to medium-sized enterprises [10] Investment Position - The new position in RLI ranks 25th out of 127 positions held by Wealthedge, placing it in the top 20% of the firm's holdings [11] - RLI shares were priced at $62.05 as of November 11, 2025, reflecting a 24.82% decline over the past year and underperforming the S&P 500 by 38.33 percentage points [4]