CAE INC CAE
COM · Common Stock · CUSIP 124765108 · ISIN CA1247651088
- SectorIndustrials
- IndustryMiscellaneous Electrical Machinery, Equipment & Supplies
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($8.6m this quarter). Holder counts are more reliable. Shares outstanding: 320.3m as of 2025-03-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $25.64. Options: 6 managers hold calls ($2.6m notional), 6 hold puts ($757.9k).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 180 |
| Q4 2022 | 191 |
| Q1 2023 | 182 |
| Q2 2023 | 186 |
| Q3 2023 | 190 |
| Q4 2023 | 197 |
| Q1 2024 | 212 |
| Q2 2024 | 218 |
| Q3 2024 | 227 |
| Q4 2024 | 224 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 91 | 79 |
| Q2 2023 | 95 | 75 |
| Q3 2023 | 86 | 83 |
| Q4 2023 | 95 | 98 |
| Q1 2024 | 130 | 83 |
| Q2 2024 | 127 | 93 |
| Q3 2024 | 107 | 110 |
| Q4 2024 | 110 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $2.7m | $656.4k | 0.25 |
| Q2 2024 | $1.6m | $1.5m | 0.97 |
| Q3 2024 | $1.7m | $502.5k | 0.29 |
| Q4 2024 | $2.6m | $757.9k | 0.29 |
Biggest buyers
| MACKENZIE FINANCIAL CORP | Added | +23.1m |
| NOMURA HOLDINGS INC | New | +8.0m |
| Caisse de depot et placement du Quebec | Added | +6.3m |
| BROWNING WEST LP | New | +5.9m |
| Select Equity Group, L.P. | Added | +5.5m |
| JARISLOWSKY, FRASER Ltd | Added | +1.7m |
| BANK OF AMERICA CORP /DE/ | Added | +1.6m |
| First Eagle Investment Management, LLC | New | +955.3k |
| RIT CAPITAL PARTNERS PLC | New | +798.9k |
| Capital International Investors | Added | +738.4k |
Biggest sellers
| EARNEST PARTNERS LLC | Sold out | -4.4m |
| FMR LLC | Reduced | -2.3m |
| ROYAL BANK OF CANADA | Reduced | -1.6m |
| Artisan Partners Limited Partnership | Reduced | -1.3m |
| Beutel, Goodman & Co Ltd. | Reduced | -1.3m |
| Galibier Capital Management Ltd. | Sold out | -1.1m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| BANK OF MONTREAL /CAN/ | Reduced | -974.5k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -970.0k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -927.8k |
Biggest calls
| SIG North Trading, ULC | Added | $1.6m63.6k shares |
| CITADEL ADVISORS LLC | Reduced | $472.1k18.6k shares |
| SIMPLEX TRADING, LLC | New | $314.0k12.4k shares |
| GROUP ONE TRADING LLC | New | $203.0k8.0k shares |
| TORONTO DOMINION BANK | New | $38.0k1.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| WOLVERINE TRADING, LLC | New | $265.9k10.5k shares |
| SIG North Trading, ULC | Reduced | $210.7k8.3k shares |
| SIMPLEX TRADING, LLC | New | $119.0k4.7k shares |
| TORONTO DOMINION BANK | New | $101.4k4.0k shares |
| CITADEL ADVISORS LLC | Reduced | $60.9k2.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
13D · may seek influence
new · filed 2025-02-14
Stated purposeThe Reporting Person purchased the Common Shares for investment purposes. On February 13 2025, the Reporting Person entered into a Nomination Agreement (the "Nomination Agreement") with the Issuer. The Nomination Agreement provides that, for as long as the Reporting Person, together with its affiliates and group members, holds at least 5% of the outstanding Common Shares, the Reporting Person has the right, subject to certain terms and conditions, to nominate a candidate for election in connection with a proxy solicitation relating to the election of directors of the Company. The Reporting Person intends to nominate Louis Tetu for election as a director at the Issuer's 2025 annual general meeting of shareholders. The foregoing summary of the Nomination Agreement is not complete and is qu… Full filing |
9.7% |
| JARISLOWSKY, FRASER Ltd 13G · institution filed 2024-11-12 | 7.0% |
| 1832 Asset Management L.P. 13G · institution +1.1 pts · filed 2026-08-12 | 6.3% |
| BRANDES INVESTMENT PARTNERS, LP 13G · institution new · filed 2026-08-13 | 5.8% |
| BlackRock, Inc. 13G · institution +0.4 pts · filed 2026-01-21 | 5.0% |
| MACKENZIE FINANCIAL CORP 13G · passive investor -0.8 pts · filed 2025-05-13 | 5.0% |
Insider purchases and sales in Q4 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| MACKENZIE FINANCIAL CORP 0.58% of their portfolio | 48.4m $1.3bn | Added +23.1m |
| Caisse de depot et placement du Quebec 1.63% of their portfolio | 30.9m $784.7m | Added +6.3m |
| JARISLOWSKY, FRASER Ltd 3.55% of their portfolio | 24.0m $606.7m | Added +1.7m |
| BRANDES INVESTMENT PARTNERS, LP 4.23% of their portfolio | 14.9m $378.5m | Added +221.2k |
| VANGUARD GROUP INC 0.01% of their portfolio | 12.2m $310.1m | Added +181.8k |
| Beutel, Goodman & Co Ltd. 1.67% of their portfolio | 12.1m $306.9m | Reduced -1.3m |
| NOMURA HOLDINGS INC 1.07% of their portfolio | 8.0m $201.8m | New |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 7.6m $193.9m | Reduced -1.6m |
| Select Equity Group, L.P. 0.70% of their portfolio | 6.7m $171.1m | Added +5.5m |
| BROWNING WEST LP 15.09% of their portfolio | 5.9m $150.6m | New |
| SNYDER CAPITAL MANAGEMENT L P 2.90% of their portfolio | 5.5m $138.9m | Added +416.7k |
| NATIONAL BANK OF CANADA /FI/ 0.17% of their portfolio | 5.3m $133.8m | Reduced -970.0k |
| Artisan Partners Limited Partnership 0.19% of their portfolio | 4.8m $122.1m | Reduced -1.3m |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 4.1m $103.6m | Reduced -974.5k |
| LETKO, BROSSEAU & ASSOCIATES INC 2.00% of their portfolio | 4.1m $103.4m | Reduced -37.0k |
| NORGES BANK 0.01% of their portfolio | 3.9m $98.4m | Added +10.5k |
| Invesco Ltd. 0.02% of their portfolio | 3.7m $93.2m | Added +150.5k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 3.1m $79.5m | Reduced -21.0k |
| FMR LLC 0.00% of their portfolio | 3.1m $77.7m | Reduced -2.3m |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 2.6m $66.7m | Added +500.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.4m $59.6m | Added +1.6m |
| BANK OF NOVA SCOTIA 0.10% of their portfolio | 2.2m $57.0m | Reduced -535.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.8m $44.9m | Added +423.8k |
| Capital International Investors 0.01% of their portfolio | 1.7m $42.1m | Added +738.4k |
| CIBC WORLD MARKET INC. 0.10% of their portfolio | 1.7m $41.9m | Reduced -334.3k |
| TD Asset Management Inc 0.03% of their portfolio | 1.5m $39.2m | Reduced -115.0k |
| 1832 Asset Management L.P. 0.07% of their portfolio | 1.5m $38.8m | Reduced -780.9k |
| Nexus Investment Management ULC 3.76% of their portfolio | 1.5m $37.6m | Reduced -3.9k |
| TORONTO DOMINION BANK 0.06% of their portfolio | 1.3m $33.9m | Reduced -94.2k |
| Legal & General Group Plc 0.01% of their portfolio | 1.3m $33.6m | Reduced -36.0k |
| Sycale Advisors (NY) LLC 9.85% of their portfolio | 1.2m $31.5m | Reduced -55.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.2m $31.0m | Reduced -59.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $29.8m | Reduced -1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.2m $29.2m | Reduced -25.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 1.1m $28.4m | Reduced -206.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 1.0m $26.5m | Added +10.2k |
| Federation des caisses Desjardins du Quebec 0.12% of their portfolio | 972.4k $24.4m | Added +32.0k |
| First Eagle Investment Management, LLC 0.05% of their portfolio | 955.3k $24.2m | New |
| MORGAN STANLEY 0.00% of their portfolio | 938.9k $23.8m | Reduced -156.3k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 932.4k $34.0m | Reduced -927.8k |
| Swiss National Bank 0.02% of their portfolio | 925.2k $23.5m | Reduced -37.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 828.9k $21.0m | Added +7.2k |
| RIT CAPITAL PARTNERS PLC 4.86% of their portfolio | 798.9k $20.1m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 710.6k $18.1m | Added +4.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 704.7k $17.9m | Added +156.0k |
| Fiera Capital Corp 0.05% of their portfolio | 599.1k $15.2m | Added +88.4k |
| AVIVA PLC 0.04% of their portfolio | 569.8k $14.4m | Reduced -12.2k |
| INTACT INVESTMENT MANAGEMENT INC. 0.48% of their portfolio | 542.1k $13.8m | New |
| Cresset Asset Management, LLC 0.07% of their portfolio | 532.5k $13.5m | Added +202.0k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 525.1k $13.3m | Added +377.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 516.9k $13.1m | Reduced -102.6k |
| MUFG SECURITIES (CANADA), LTD. 0.45% of their portfolio | 486.8k $12.4m | Added +203.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 471.0k $12.0m | Reduced -18.1k |
| Heathbridge Capital Management Ltd. 4.55% of their portfolio | 450.7k $11.4m | Reduced -4.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 421.2k $10.7m | Added +1.2k |
| UBS Group AG 0.00% of their portfolio | 412.2k $10.5m | Added +270.2k |
| Addenda Capital Inc. 0.51% of their portfolio | 398.8k $14.6m | Added +2.1k |
| CIBC Asset Management Inc 0.03% of their portfolio | 392.5k $9.9m | Added +912 |
| Vident Advisory, LLC 0.17% of their portfolio | 374.4k $9.5m | Added +95.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 361.3k $9.2m | Added +826 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 311.7k $7.9m | Added +128.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 295.4k $7.5m | Added +26.6k |
| BlackRock, Inc. 0.00% of their portfolio | 291.8k $7.4m | Added +28.6k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 288.9k $7.3m | Added +37.4k |
| Amundi 0.00% of their portfolio | 268.6k $6.4m | Reduced -54.8k |
| Summerhill Capital Management lnc. 4.77% of their portfolio | 252.2k $6.4m | Added +62.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 246.9k $6.3m | Added +5.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 240.0k $6.1m | Reduced -111.7k |
| Stanley-Laman Group, Ltd. 0.83% of their portfolio | 231.7k $5.9m | Added +7.3k |
| Phoenix Financial Ltd. 0.08% of their portfolio | 225.2k $5.7m | Unchanged |
| Alberta Investment Management Corp 0.04% of their portfolio | 217.0k $5.5m | Unchanged |
| M&T Bank Corp 0.02% of their portfolio | 216.4k $5.5m | Added +2.1k |
| Henry James International Management Inc. 1.85% of their portfolio | 202.2k $5.1m | Added +11 |
| Korea Investment CORP 0.01% of their portfolio | 192.6k $4.9m | Added +80.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 186.9k $4.7m | First filing |
| Northwest & Ethical Investments L.P. 0.13% of their portfolio | 186.6k $4.7m | Added +14.7k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 182.2k $4.6m | Reduced -540 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 176.0k $4.5m | Added +119.6k |
| TD Waterhouse Canada Inc. 0.03% of their portfolio | 172.8k $4.3m | Added +50.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 171.4k $4.4m | Reduced -13.6k |
| APG Asset Management N.V. 0.01% of their portfolio | 169.9k $4.2m | Added +156.3k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 165.3k $4.2m | Added +14.7k |
| SCOTIA CAPITAL INC. 0.02% of their portfolio | 157.9k $4.0m | Reduced -8.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 145.9k $3.7m | Reduced -112.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 142.4k $3.6m | Reduced -552.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 140.5k $3.6m | Added +38.1k |
| AMF Tjanstepension AB 0.02% of their portfolio | 129.2k $3.3m | Reduced -490.7k |
| Mn Services Vermogensbeheer B.V. 0.02% of their portfolio | 128.7k $3.3m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 116.7k $3.0m | Added +47.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 112.9k $2.9m | Reduced -89.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 110.4k $2.8m | Reduced -3.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 107.2k $2.7m | Added +7.4k |
| Claret Asset Management Corp 0.41% of their portfolio | 103.3k $2.6m | Reduced -3.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 102.5k $2.6m | Reduced -104.4k |
| PCJ Investment Counsel Ltd. 0.83% of their portfolio | 96.6k $2.4m | New |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 95.3k $2.4m | Added +3.7k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 86.6k $2.2m | Reduced -42.8k |
| Verition Fund Management LLC 0.01% of their portfolio | 83.3k $2.1m | New |
| Lansforsakringar Fondforvaltning AB (publ) 0.01% of their portfolio | 80.8k $2.1m | First filing |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 79.4k $2.0m | Added +646 |