GILDAN ACTIVEWEAR INC GIL
COM · Common Stock · CUSIP 375916103 · ISIN CA3759161035
Canadian clothing company
- SectorConsumer discretionary
- IndustryApparel & Other Finishd Prods of Fabrics & Similar Matl
- HeadquartersMontreal, Canada
- Founded1984
- Websitegildan.com
- 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 ($14.0m this quarter). Holder counts are more reliable. Shares outstanding: 170.0m as of 2023-12-31, 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 ≈ $37.17. Options: 10 managers hold calls ($10.9m notional), 7 hold puts ($6.8m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 243 |
| Q4 2022 | 246 |
| Q1 2023 | 243 |
| Q2 2023 | 231 |
| Q3 2023 | 223 |
| Q4 2023 | 276 |
| Q1 2024 | 291 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 110 | 115 |
| Q1 2023 | 117 | 121 |
| Q2 2023 | 109 | 118 |
| Q3 2023 | 103 | 104 |
| Q4 2023 | 161 | 101 |
| Q1 2024 | 154 | 128 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $2.7m | $1.5m | 0.56 |
| Q3 2023 | $5.0m | $341.3k | 0.07 |
| Q4 2023 | $12.9m | $1.9m | 0.15 |
| Q1 2024 | $10.9m | $6.8m | 0.62 |
Biggest buyers
| Alua Capital Management LP | New | +1.8m |
| FMR LLC | Added | +1.3m |
| Ararat Capital Management LP | New | +718.7k |
| MARSHALL WACE, LLP | Added | +606.2k |
| MORGAN STANLEY | Added | +557.8k |
| NATIONAL BANK OF CANADA /FI/ | Added | +537.2k |
| JPMORGAN CHASE & CO | Added | +518.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +441.9k |
| TWO SIGMA INVESTMENTS, LP | New | +440.8k |
| INTACT INVESTMENT MANAGEMENT INC. | New | +289.1k |
Biggest sellers
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | -4.9m |
| BlackRock Inc. | Reduced | -1.8m |
| TORONTO DOMINION BANK | Reduced | -1.2m |
| NorthCoast Asset Management LLC | Reduced | -1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Sold out | -877.1k |
| ROYAL BANK OF CANADA | Reduced | -793.3k |
| JARISLOWSKY, FRASER Ltd | Reduced | -660.6k |
| BANK OF NOVA SCOTIA | Reduced | -448.3k |
| Cubist Systematic Strategies, LLC | Reduced | -280.1k |
| BANK OF MONTREAL /CAN/ | Reduced | -276.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.0m161.0k shares |
| SIG North Trading, ULC | First filing | $2.3m62.5k shares |
| CITADEL ADVISORS LLC | Added | $1.2m31.1k shares |
| Centiva Capital, LP | New | $928.2k25.0k shares |
| SIMPLEX TRADING, LLC | Added | $404.0k10.9k shares |
| SUMMIT SECURITIES GROUP LLC | New | $74.0k2.0k shares |
| HighTower Advisors, LLC | New | $19.5k36.5k shares |
| MORGAN DEMPSEY CAPITAL MANAGEMENT LLC | Unchanged | $14.7k200 shares |
| GROUP ONE TRADING LLC | Reduced | $3.7k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $3.0m80.3k shares |
| CITADEL ADVISORS LLC | Added | $2.2m59.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $764.9k20.6k shares |
| WOLVERINE TRADING, LLC | Added | $534.7k14.4k shares |
| SIG North Trading, ULC | First filing | $297.0k8.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $18.0k500 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 13G · passive investor +1.3 pts · filed 2026-08-14 | 6.3% |
| JARISLOWSKY, FRASER Ltd 13G · institution -0.8 pts · filed 2025-02-10 | 5.7% |
| JANUS HENDERSON GROUP PLC 13G · institution no change · filed 2026-05-15 | 5.7% |
| BlackRock, Inc. 13G · institution new · filed 2026-10-27 | 5.2% |
Insider purchases and sales in Q1 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 Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| JARISLOWSKY, FRASER Ltd 2.39% of their portfolio | 11.2m $416.9m | Reduced -660.6k |
| FMR LLC 0.03% of their portfolio | 10.6m $394.3m | Added +1.3m |
| COOKE & BIELER LP 3.42% of their portfolio | 10.0m $370.6m | Reduced -93.5k |
| Coliseum Capital Management, LLC 33.82% of their portfolio | 9.9m $366.9m | Unchanged |
| BROWNING WEST LP 34.29% of their portfolio | 8.6m $320.8m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.13% of their portfolio | 6.6m $244.3m | Reduced -36.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 6.2m $229.9m | Reduced -158.0k |
| PZENA INVESTMENT MANAGEMENT LLC 0.60% of their portfolio | 4.7m $176.1m | Reduced -4.9m |
| TURTLE CREEK ASSET MANAGEMENT INC. 3.93% of their portfolio | 4.3m $161.1m | Added +20.6k |
| Cardinal Capital Management, Inc. 4.72% of their portfolio | 2.9m $106.4m | Reduced -23.0k |
| MACKENZIE FINANCIAL CORP 0.14% of their portfolio | 2.7m $100.2m | Reduced -13.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 2.2m $83.3m | Added +211.0k |
| NORGES BANK 0.01% of their portfolio | 2.1m $79.4m | Reduced -6.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $70.4m | Added +557.8k |
| Alua Capital Management LP 3.49% of their portfolio | 1.8m $68.0m | New |
| Anson Funds Management LP 4.75% of their portfolio | 1.8m $66.5m | Added +216.7k |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 1.8m $59.2m | Added +537.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $65.1m | Added +518.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 1.7m $61.9m | Added +10.2k |
| EdgePoint Investment Group Inc. 0.43% of their portfolio | 1.5m $54.1m | Added +16.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.3m $47.6m | Reduced -276.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $44.7m | Added +14.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.39% of their portfolio | 1.2m $44.4m | Added +154.3k |
| Marathon Asset Management Ltd 1.15% of their portfolio | 1.2m $43.2m | Reduced -19.2k |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.03% of their portfolio | 1.1m $41.0m | Reduced -130.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.0m $38.5m | Added +10.9k |
| SEGALL BRYANT & HAMILL, LLC 0.71% of their portfolio | 1.0m $38.0m | Reduced -115.5k |
| CIBC WORLD MARKET INC. 0.10% of their portfolio | 1.0m $37.6m | Added +9.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.0m $37.4m | Added +248.8k |
| BANK OF NOVA SCOTIA 0.07% of their portfolio | 962.6k $35.7m | Reduced -448.3k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 939.4k $34.9m | Added +606.2k |
| Alberta Investment Management Corp 0.34% of their portfolio | 915.9k $34.0m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio | 876.6k $32.5m | Added +87.5k |
| Hudson Way Capital Management LLC 5.78% of their portfolio | 853.3k $31.7m | Reduced -66.1k |
| Legal & General Group Plc 0.01% of their portfolio | 739.5k $27.5m | Reduced -64.6k |
| Ararat Capital Management LP 7.58% of their portfolio | 718.7k $26.7m | New |
| Amundi 0.01% of their portfolio | 684.1k $31.4m | Added +50.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 665.6k $24.7m | Reduced -793.3k |
| STRS OHIO 0.10% of their portfolio | 662.5k $24.6m | Added +74.3k |
| TD Asset Management Inc 0.02% of their portfolio | 652.8k $24.2m | Added +38.8k |
| Oakcliff Capital Partners, LP 13.69% of their portfolio | 615.4k $22.8m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 588.9k $21.9m | Reduced -23.6k |
| HARRIS ASSOCIATES L P 0.03% of their portfolio | 582.0k $21.6m | Reduced -120.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 579.6k $21.4m | Reduced -56.3k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 1.88% of their portfolio | 577.4k $21.4m | Added +15.0k |
| Man Group plc 0.06% of their portfolio | 576.3k $21.4m | Added +219.5k |
| DAVIDSON INVESTMENT ADVISORS 1.10% of their portfolio | 570.2k $21.2m | Added +13.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 563.5k $20.9m | Added +78.3k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 520.9k $19.3m | Added +56.3k |
| Swiss National Bank 0.01% of their portfolio | 463.1k $17.2m | Reduced -107.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 461.8k $17.1m | Added +441.9k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 440.8k $16.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 377.7k $14.0m | Added +183.2k |
| MAKENA CAPITAL MANAGEMENT LLC 3.13% of their portfolio | 362.0k $13.4m | Reduced -45.2k |
| Boston Partners 0.02% of their portfolio | 357.9k $13.3m | Added +245.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 308.3k $11.4m | Reduced -35.3k |
| GOODNOW INVESTMENT GROUP, LLC 1.30% of their portfolio | 291.8k $10.8m | Reduced -5.0k |
| INTACT INVESTMENT MANAGEMENT INC. 0.42% of their portfolio | 289.1k $10.7m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 281.3k $10.4m | Added +9.4k |
| Fiera Capital Corp 0.03% of their portfolio | 280.9k $10.4m | Added +43.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 269.2k $10.0m | Added +6.1k |
| Parkwood LLC 1.04% of their portfolio | 267.6k $9.9m | Added +62.2k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 264.6k $9.8m | Added +77.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 247.6k $9.2m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 240.5k $8.9m | Reduced -49.9k |
| PRAGMA GESTAO DE PATRIMONIO LTD 4.67% of their portfolio | 240.0k $8.9m | Unchanged |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 219.8k $8.2m | Reduced -136.9k |
| Onex Canada Asset Management Inc. 0.81% of their portfolio | 217.9k $8.1m | Added +1.1k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 213.6k $7.9m | Added +131.9k |
| Addenda Capital Inc. 0.41% of their portfolio | 212.7k $10.8m | Added +800 |
| BlackRock Inc. 0.00% of their portfolio | 205.7k $7.6m | Reduced -1.8m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 203.0k $7.5m | Reduced -36.0k |
| CIBC Asset Management Inc 0.03% of their portfolio | 198.1k $7.4m | Added +28.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 195.6k $7.3m | Reduced -79.4k |
| LOUISBOURG INVESTMENTS INC. 1.83% of their portfolio | 177.6k $6.6m | Added +177.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 167.0k $6.2m | Reduced -10.3k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 163.9k $6.1m | Added +94.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 158.1k $5.9m | Added +31.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 150.8k $5.6m | Added +16.9k |
| BW Gestao de Investimentos Ltda. 0.50% of their portfolio | 150.0k $5.6m | New |
| 1832 Asset Management L.P. 0.01% of their portfolio | 143.4k $5.3m | Added +5.7k |
| UBS Group AG 0.00% of their portfolio | 137.9k $5.1m | Added +83.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 137.3k $5.1m | Reduced -82.2k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 131.4k $4.9m | Reduced -6.6k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 120.2k $4.5m | Added +108.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 117.3k $4.4m | Added +7.8k |
| Invesco Ltd. 0.00% of their portfolio | 113.1k $4.2m | Reduced -7.2k |
| AZZAD ASSET MANAGEMENT INC /ADV 0.47% of their portfolio | 108.1k $4.0m | Added +1.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 107.4k $4.0m | Reduced -11.1k |
| ARS Investment Partners, LLC 0.39% of their portfolio | 105.1k $3.9m | Added +477 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 103.5k $3.8m | Added +1.3k |
| TODD ASSET MANAGEMENT LLC 0.08% of their portfolio | 103.5k $3.8m | Added +1.3k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 103.2k $3.8m | Unchanged |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.44% of their portfolio | 99.0k $3.7m | Added +22.6k |
| PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio | 99.0k $3.7m | Unchanged |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.04% of their portfolio | 94.6k $3.5m | Added +21.2k |
| Atom Investors LP 0.41% of their portfolio | 87.0k $3.2m | New |
| Federation des caisses Desjardins du Quebec 0.03% of their portfolio | 85.0k $4.3m | Reduced -146.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 84.9k $3.1m | Added +17.1k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 83.9k $3.1m | Added +72.1k |