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 ($27.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.49. Options: 9 managers hold calls ($18.7m notional), 5 hold puts ($6.3m).
Trends to Q2 2026
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 |
| Q1 2025 | 231 |
| Q2 2025 | 267 |
| Q3 2025 | 261 |
| Q4 2025 | 264 |
| Q1 2026 | 293 |
| Q2 2026 | 282 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 107 | 110 |
| Q4 2024 | 110 | 108 |
| Q1 2025 | 97 | 110 |
| Q2 2025 | 141 | 89 |
| Q3 2025 | 121 | 128 |
| Q4 2025 | 112 | 136 |
| Q1 2026 | 163 | 98 |
| Q2 2026 | 142 | 137 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $21.7m | $1.3m | 0.06 |
| Q4 2025 | $4.1m | $3.5m | 0.86 |
| Q1 2026 | $17.0m | $1.5m | 0.09 |
| Q2 2026 | $18.7m | $6.3m | 0.33 |
Biggest buyers
| 1832 Asset Management L.P. | Added | +3.2m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +2.5m |
| MORGAN STANLEY | Added | +1.6m |
| TD Waterhouse Canada Inc. | Added | +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.0m |
| BANK OF MONTREAL /CAN/ | Added | +1.0m |
| First Eagle Investment Management, LLC | Added | +903.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +902.8k |
| LETKO, BROSSEAU & ASSOCIATES INC | Added | +859.4k |
| ROYAL BANK OF CANADA | Added | +770.5k |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -4.0m |
| FIL Ltd | Reduced | -2.1m |
| Select Equity Group, L.P. | Reduced | -1.2m |
| Global Alpha Capital Management Ltd. | Sold out | -1.2m |
| Capital International Investors | Sold out | -964.7k |
| Driehaus Capital Management LLC | Sold out | -899.9k |
| Beutel, Goodman & Co Ltd. | Reduced | -810.9k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -686.4k |
| INTACT INVESTMENT MANAGEMENT INC. | Sold out | -682.2k |
| PICTON MAHONEY ASSET MANAGEMENT | Reduced | -610.4k |
Biggest calls
| Converium Capital Inc. | Unchanged | $8.8m350.0k shares |
| SIG North Trading, ULC | Added | $6.1m244.4k shares |
| Polar Asset Management Partners Inc. | New | $1.9m76.5k shares |
| PEAK6 LLC | New | $516.2k20.6k shares |
| ROYAL BANK OF CANADA | Reduced | $501.0k20.0k shares |
| GROUP ONE TRADING LLC | New | $393.4k15.7k shares |
| Murchinson Ltd. | New | $375.9k15.0k shares |
| TORONTO DOMINION BANK | Added | $125.1k5.0k shares |
| SIMPLEX TRADING, LLC | New | $25.1k1.0k shares |
Biggest puts
| CIBC WORLD MARKET INC. | New | $2.0m80.0k shares |
| ROYAL BANK OF CANADA | Added | $2.0m79.5k shares |
| BANK OF MONTREAL /CAN/ | New | $1.9m75.0k shares |
| Murchinson Ltd. | New | $375.9k15.0k shares |
| TORONTO DOMINION BANK | Unchanged | $25.0k1.0k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Caisse de depot et placement du Quebec 1.10% of their portfolio | 30.9m $773.8m | Unchanged |
| 1832 Asset Management L.P. 0.60% of their portfolio | 19.6m $490.2m | Added +3.2m |
| BRANDES INVESTMENT PARTNERS, LP 3.23% of their portfolio | 18.4m $461.0m | Added +2.5m |
| BROWNING WEST LP 18.69% of their portfolio | 12.6m $315.9m | Reduced -13.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 8.9m $222.4m | Added +159.2k |
| MACKENZIE FINANCIAL CORP 0.28% of their portfolio | 7.9m $281.1m | Reduced -4.0m |
| Select Equity Group, L.P. 0.93% of their portfolio | 7.0m $175.7m | Reduced -1.2m |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 6.9m $172.6m | Added +770.5k |
| Jupiter Topco LLC 0.07% of their portfolio | 6.5m $162.9m | First filing |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 6.0m $149.3m | Added +1.0m |
| Beutel, Goodman & Co Ltd. 1.00% of their portfolio | 5.4m $135.6m | Reduced -810.9k |
| SNYDER CAPITAL MANAGEMENT L P 2.13% of their portfolio | 4.9m $123.5m | Added +25.1k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.47% of their portfolio | 4.0m $99.7m | Added +859.4k |
| MORGAN STANLEY 0.00% of their portfolio | 3.7m $92.3m | Added +1.6m |
| NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio | 3.5m $86.7m | Reduced -686.4k |
| CIBC Asset Management Inc 0.18% of their portfolio | 3.3m $83.7m | Reduced -41.6k |
| TD Asset Management Inc 0.07% of their portfolio | 3.3m $82.4m | Reduced -235.1k |
| NORGES BANK 0.01% of their portfolio | 3.2m $80.6m | Not comparable |
| Federation des caisses Desjardins du Quebec 0.24% of their portfolio | 3.1m $78.4m | Added +92.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.1m $76.2m | Added +175.2k |
| Fiera Capital Corp 0.27% of their portfolio | 3.0m $74.1m | Added +663.7k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 2.8m $71.3m | Added +44.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.7m $67.8m | Added +504.5k |
| Invesco Ltd. 0.01% of their portfolio | 2.7m $67.2m | Added +115.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio | 2.6m $65.2m | Added +262.7k |
| FIL Ltd 0.04% of their portfolio | 2.3m $58.3m | Reduced -2.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 2.1m $53.0m | Added +902.8k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 2.0m $51.3m | Reduced -44.8k |
| TD Waterhouse Canada Inc. 0.13% of their portfolio | 2.0m $51.0m | Added +1.3m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 2.0m $49.3m | Reduced -51.5k |
| Legal & General Group Plc 0.01% of their portfolio | 1.9m $46.8m | Reduced -184.2k |
| First Eagle Investment Management, LLC 0.04% of their portfolio | 1.8m $46.0m | Added +903.6k |
| BANK OF NOVA SCOTIA 0.07% of their portfolio | 1.7m $43.0m | Added +35.1k |
| CIBC WORLD MARKET INC. 0.07% of their portfolio | 1.7m $41.7m | Reduced -82.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $41.0m | Reduced -65.0k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 1.4m $34.3m | Added +91.3k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.3m $33.1m | Added +760.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $30.7m | Added +37.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $38.4m | Added +13.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.1m $27.0m | Added +1.0m |
| Artisan Partners Limited Partnership 0.04% of their portfolio | 1.0m $26.0m | Reduced -375.0k |
| Sunriver Management LLC 3.85% of their portfolio | 979.2k $24.5m | Added +134.8k |
| PICTON MAHONEY ASSET MANAGEMENT 0.22% of their portfolio | 944.0k $23.6m | Reduced -610.4k |
| Swiss National Bank 0.01% of their portfolio | 936.1k $23.4m | Reduced -92.2k |
| AVIVA PLC 0.03% of their portfolio | 925.3k $23.1m | Added +75.2k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 877.1k $21.9m | Added +36.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 869.4k $21.8m | Added +22.5k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 842.1k $21.1m | Added +372.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 794.2k $19.9m | Reduced -239.3k |
| Cresset Asset Management, LLC 0.07% of their portfolio | 732.1k $18.3m | Added +4.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 693.5k $17.4m | Added +66.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 642.6k $16.1m | Added +119.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 581.4k $14.6m | Reduced -8.5k |
| BlackRock, Inc. 0.00% of their portfolio | 569.2k $14.3m | Added +126.4k |
| Amundi 0.00% of their portfolio | 563.9k $14.1m | Reduced -23.7k |
| UBS Group AG 0.00% of their portfolio | 556.0k $13.9m | Reduced -5.8k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.19% of their portfolio | 484.5k $12.1m | Reduced -81.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 477.3k $11.9m | Added +29.9k |
| Heathbridge Capital Management Ltd. 4.08% of their portfolio | 476.8k $11.9m | Added +100.5k |
| Waratah Capital Advisors Ltd. 0.92% of their portfolio | 476.5k $11.9m | Reduced -412.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 460.9k $11.6m | Reduced -202.0k |
| MUFG SECURITIES (CANADA), LTD. 0.31% of their portfolio | 454.8k $11.4m | Reduced -22.5k |
| Sycale Advisors (NY) LLC 4.98% of their portfolio | 446.5k $11.2m | Reduced -316.2k |
| Scheer, Rowlett & Associates Investment Management Ltd. 0.74% of their portfolio | 410.1k $10.3m | New |
| Quadrature Capital Ltd 0.09% of their portfolio | 409.5k $10.2m | New |
| Tidal Investments LLC 0.02% of their portfolio | 394.5k $9.9m | New |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.06% of their portfolio | 393.7k $9.8m | Reduced -181.5k |
| Korea Investment CORP 0.02% of their portfolio | 384.2k $9.6m | Added +116.5k |
| Addenda Capital Inc. 0.37% of their portfolio | 379.2k $13.5m | Added +12.4k |
| PCJ Investment Counsel Ltd. 2.44% of their portfolio | 339.1k $8.5m | Reduced -443.6k |
| FMR LLC 0.00% of their portfolio | 334.9k $8.4m | Added +48.4k |
| Nuveen, LLC 0.00% of their portfolio | 328.1k $8.2m | Added +3.2k |
| BARCLAYS PLC 0.00% of their portfolio | 323.8k $8.1m | Reduced -131.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 310.2k $7.8m | Added +57.4k |
| Lansforsakringar Fondforvaltning AB (publ) 0.03% of their portfolio | 299.5k $7.5m | Added +235.7k |
| Bastion Asset Management Inc. 2.59% of their portfolio | 284.8k $7.6m | Added +181.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 279.7k $7.0m | Added +7.6k |
| CIDEL ASSET MANAGEMENT INC 0.32% of their portfolio | 269.1k $6.7m | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 267.1k $6.8m | Added +44.1k |
| NewGen Asset Management Ltd 3.54% of their portfolio | 257.6k $6.5m | Added +99.4k |
| Anson Funds Management LP 0.58% of their portfolio | 255.0k $6.4m | Reduced -305.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 252.0k $6.3m | Reduced -6.3k |
| APG Asset Management N.V. 0.01% of their portfolio | 224.1k $4.9m | Added +61.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 218.3k $5.5m | Added +22.6k |
| Trexquant Investment LP 0.03% of their portfolio | 203.3k $5.1m | Added +165.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 200.6k $5.0m | Added +59.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 199.8k $5.0m | Added +15.7k |
| Stanley-Laman Group, Ltd. 0.50% of their portfolio | 196.5k $4.9m | Reduced -928 |
| Polar Asset Management Partners Inc. 0.09% of their portfolio | 191.9k $4.8m | Added +66.9k |
| BANK OF NOVA SCOTIA TRUST CO 0.39% of their portfolio | 187.2k $4.7m | Added +28.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 183.7k $6.5m | Added +20.1k |
| Henry James International Management Inc. 1.37% of their portfolio | 182.2k $4.6m | Reduced -35 |
| SCOTIA CAPITAL INC. 0.02% of their portfolio | 181.7k $4.5m | Reduced -72.9k |
| Avanza Fonder AB 0.14% of their portfolio | 180.6k $6.4m | Added +51.1k |
| Ramirez Asset Management, Inc. 0.47% of their portfolio | 180.1k $4.5m | Added +180.0k |
| Northwest & Ethical Investments L.P. 0.10% of their portfolio | 175.9k $4.4m | Reduced -50.6k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 168.8k $4.2m | Reduced -5.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 160.8k $4.0m | Added +28.9k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 159.4k $4.0m | Reduced -9.5k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 157.8k $4.0m | Reduced -1.2k |