Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC filed a Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of Ryan Specialty Holdings Class A common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Neuberger Berman Group LLC reported 6,244,768 shares beneficially owned, representing 5.1% of the class.
  • Shared voting power: Neuberger Berman Group LLC reported shared voting power over 5,901,057 shares, with sole voting power of zero.
  • Shared dispositive power: Neuberger Berman Group LLC reported shared dispositive power over 6,244,768 shares, with sole dispositive power of zero.
  • Subsidiary ownership: Neuberger Berman Investment Advisers LLC separately reported 5,936,787 shares beneficially owned, representing 4.9% of the class.
  • Event date: The date of event requiring the filing was September 30, 2026.
  • Beneficial ownership disclaimed: According to the filing, each reporting entity "disclaim[s] beneficial ownership of the securities covered by this statement pursuant to Exchange Act Rule 13d-4."

Neuberger Berman's Schedule 13G Filing on Ryan Specialty Holdings

According to the filing, Neuberger Berman Group LLC, a Delaware-organized holding company, reported aggregate beneficial ownership of 6,244,768 shares of Ryan Specialty Holdings (NYSE:RYAN) Class A common stock, CUSIP 78351F107, as of September 30, 2026. The filing identified Neuberger Berman Group LLC as a parent holding company (type "HC") and Neuberger Berman Investment Advisers LLC as an investment adviser (type "IA"), both located at 1290 Avenue of the Americas, New York, NY 10104.

The filing disclosed that Neuberger Berman Group LLC holds shared voting power over 5,901,057 shares and shared dispositive power over 6,244,768 shares, with no sole voting or dispositive power reported. The filing explained that these holdings are aggregated across clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, and Neuberger Berman Investment Advisers LLC, as well as the firm's registered mutual funds. The filing also noted that securities potentially beneficially owned by NB Alternatives Advisers LLC and other subsidiaries separated by an information barrier "are not reflected in this filing."

The filing stated that "no one client has an interest of more than 5% of the issuer" among clients other than those named. The certifications, signed by Brad Cetron, Managing Director, assert that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Neuberger Berman Group LLC and its subsidiary Neuberger Berman Investment Advisers LLC filed a Schedule 13G disclosing combined beneficial ownership of Ryan Specialty Holdings Class A common stock, with the parent entity reporting a 5.1% stake of 6,244,768 shares as of September 30, 2026.