Franklin Templeton, Inc. filed Amendment No. 2 to Schedule 13G with the SEC on October 26, 2026, disclosing beneficial ownership of 2,941,842 shares of Ryerson Holding Corporation common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Franklin Templeton, Inc. reported 2,941,842 shares of Ryerson Holding Corporation common stock, representing 5.7% of the class.
  • Sole voting power: 2,780,385 shares are reported as held with sole voting power by Franklin Templeton, Inc. at the aggregate level, with 2,639,971 of those attributable to subsidiary Franklin Mutual Advisers, LLC.
  • Sole dispositive power: Franklin Templeton, Inc. reported sole dispositive power over 2,941,842 shares, with Franklin Mutual Advisers, LLC accounting for 2,801,428 of those shares.
  • Name change noted: According to the filing, "Effective August 17, 2026, Franklin Resources, Inc. was renamed Franklin Templeton, Inc."
  • Additional subsidiaries: Brandywine Global reported 123,727 shares, Franklin Advisers, Inc. reported 6,340 shares, and Fiduciary Trust International, LLC reported 10,347 shares with sole voting and dispositive power.
  • Triggering date: The date of the event requiring the filing is listed as September 30, 2026.

Franklin Templeton Discloses Amended Ryerson Holding Position as of September 30, 2026

Franklin Templeton, Inc., organized in Delaware and formerly known as Franklin Resources, Inc., filed Amendment No. 2 to Schedule 13G to report its beneficial ownership position in Ryerson Holding Corporation (CUSIP 783754104), whose common stock has a par value of $0.01 and up to 100,000,000 authorized shares. The filing names four reporting persons: Franklin Templeton, Inc.; Charles B. Johnson; Rupert H. Johnson, Jr.; and Franklin Mutual Advisers, LLC.

At the aggregate level, the filing reports beneficial ownership of 2,941,842 shares, equal to 5.7% of the class, as of September 30, 2026. Franklin Mutual Advisers, LLC, a Delaware-organized investment adviser subsidiary based in Short Hills, New Jersey, accounts for the largest portion, with 2,801,428 shares under sole dispositive power and 2,639,971 shares under sole voting power, representing 5.4% of the class on its own. Additional subsidiaries Brandywine Global, Franklin Advisers, Inc., and Fiduciary Trust International, LLC contribute 123,727, 6,340, and 10,347 shares, respectively, each with sole voting and dispositive authority over their respective portions.

Charles B. Johnson and Rupert H. Johnson, Jr., both U.S. citizens identified as holding company individuals, each reported zero shares of sole or shared voting power and zero shares of sole or shared dispositive power in this amendment. The filing states that clients of the investment management subsidiaries, including registered investment companies and other managed accounts, "have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, the securities reported herein." The reporting persons certified that the shares were acquired and are held in the ordinary course of business.

What Was Disclosed

Franklin Templeton, Inc. and affiliated entities filed Amendment No. 2 to Schedule 13G disclosing aggregate beneficial ownership of 2,941,842 shares, or 5.7%, of Ryerson Holding Corporation common stock as of September 30, 2026, with Franklin Mutual Advisers, LLC holding the largest portion.