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 ($42.6m this quarter). Holder counts are more reliable. Shares outstanding: 185.2m as of 2025-12-28, 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 ≈ $57.88. Options: 11 managers hold calls ($13.4m notional), 8 hold puts ($10.2m).
Trends to Q3 2025
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 |
| Q2 2024 | 287 |
| Q3 2024 | 310 |
| Q4 2024 | 330 |
| Q1 2025 | 341 |
| Q2 2025 | 327 |
| Q3 2025 | 344 |
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 2023 | 161 | 101 |
| Q1 2024 | 154 | 128 |
| Q2 2024 | 158 | 120 |
| Q3 2024 | 146 | 149 |
| Q4 2024 | 165 | 138 |
| Q1 2025 | 166 | 157 |
| Q2 2025 | 150 | 170 |
| Q3 2025 | 201 | 134 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $3.5m | $15.3m | 4.41 |
| Q1 2025 | $8.1m | $4.5m | 0.56 |
| Q2 2025 | $7.0m | $5.2m | 0.74 |
| Q3 2025 | $13.4m | $10.2m | 0.76 |
Biggest buyers
| BANK OF MONTREAL /CAN/ | Added | +2.6m |
| FIL Ltd | Added | +2.3m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.4m |
| ROYAL BANK OF CANADA | Added | +1.3m |
| Hudson Way Capital Management LLC | New | +995.3k |
| Anomaly Capital Management, LP | Added | +911.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +865.6k |
| JPMORGAN CHASE & CO | Added | +636.9k |
| JANUS HENDERSON GROUP PLC | Added | +573.2k |
| Cannell & Spears LLC | Added | +431.9k |
Biggest sellers
| Coliseum Capital Management, LLC | Sold out | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -748.5k |
| JARISLOWSKY, FRASER Ltd | Reduced | -564.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -556.7k |
| Boston Partners | Reduced | -461.9k |
| MARSHALL WACE, LLP | Reduced | -406.8k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Reduced | -402.7k |
| CITADEL ADVISORS LLC | Reduced | -397.8k |
| BROWNING WEST LP | Reduced | -385.3k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -356.8k |
Biggest calls
| ROYAL BANK OF CANADA | New | $4.8m82.5k shares |
| CIBC WORLD MARKET INC. | New | $3.5m60.0k shares |
| PEAK6 LLC | Reduced | $1.6m27.4k shares |
| SIG North Trading, ULC | Added | $1.5m26.0k shares |
| Forge First Asset Management Inc. | New | $571.1k2.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $549.1k9.5k shares |
| CITADEL ADVISORS LLC | Reduced | $329.5k5.7k shares |
| Walleye Trading LLC | New | $306.3k5.3k shares |
| Walleye Capital LLC | New | $173.4k3.0k shares |
| SIMPLEX TRADING, LLC | Added | $104.0k1.8k shares |
Biggest puts
| BANK OF MONTREAL /CAN/ | New | $5.3m91.4k shares |
| ROYAL BANK OF CANADA | New | $3.5m60.0k shares |
| SIG North Trading, ULC | New | $485.5k8.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $329.5k5.7k shares |
| TORONTO DOMINION BANK | Added | $259.9k4.5k shares |
| Walleye Capital LLC | New | $185.0k3.2k shares |
| Walleye Trading LLC | New | $92.5k1.6k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $52.0k9 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 Q3 2025
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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| JANUS HENDERSON GROUP PLC 0.28% of their portfolio | 10.5m $606.7m | Added +573.2k |
| COOKE & BIELER LP 4.35% of their portfolio | 7.3m $420.8m | Reduced -51.3k |
| JARISLOWSKY, FRASER Ltd 2.17% of their portfolio | 6.8m $395.7m | Reduced -564.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 6.0m $346.9m | Added +32.9k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 4.9m $282.6m | Added +1.3m |
| MACKENZIE FINANCIAL CORP 0.34% of their portfolio | 4.9m $280.6m | Added +424.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio | 4.5m $262.6m | Added +865.6k |
| BROWNING WEST LP 15.63% of their portfolio | 4.2m $241.5m | Reduced -385.3k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 3.9m $222.4m | Added +2.6m |
| FMR LLC 0.01% of their portfolio | 3.5m $200.5m | Reduced -47.7k |
| Anomaly Capital Management, LP 4.90% of their portfolio | 2.9m $166.7m | Added +911.0k |
| LAZARD ASSET MANAGEMENT LLC 0.22% of their portfolio | 2.8m $161.7m | Added +1.4m |
| Cardinal Capital Management, Inc. 4.52% of their portfolio | 2.7m $156.5m | Reduced -21.5k |
| FIL Ltd 0.10% of their portfolio | 2.3m $132.7m | Added +2.3m |
| Simcoe Capital Management, LLC 15.85% of their portfolio | 1.9m $109.3m | Reduced -273.6k |
| MORGAN STANLEY 0.01% of their portfolio | 1.7m $96.2m | Reduced -267.9k |
| TURTLE CREEK ASSET MANAGEMENT INC. 2.57% of their portfolio | 1.5m $85.3m | Reduced -115.8k |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 1.5m $84.1m | Reduced -356.8k |
| Bahl & Gaynor LLC 0.42% of their portfolio | 1.5m $84.2m | Added +340.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.4m $83.3m | Added +125.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.4m $86.5m | Added +88.4k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.4m $81.6m | Added +246.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.25% of their portfolio | 1.4m $78.4m | Reduced -222.3k |
| CIBC Asset Management Inc 0.22% of their portfolio | 1.3m $77.7m | Added +18.1k |
| Cannell & Spears LLC 1.38% of their portfolio | 1.3m $73.1m | Added +431.9k |
| EdgePoint Investment Group Inc. 0.54% of their portfolio | 1.2m $72.0m | Reduced -235.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $71.2m | Added +636.9k |
| INTACT INVESTMENT MANAGEMENT INC. 2.02% of their portfolio | 1.2m $66.7m | Added +19.2k |
| Alberta Investment Management Corp 0.46% of their portfolio | 1.1m $63.4m | Reduced -121.2k |
| PICTON MAHONEY ASSET MANAGEMENT 0.77% of their portfolio | 1.0m $60.3m | Reduced -289.4k |
| Hudson Way Capital Management LLC 4.88% of their portfolio | 995.3k $57.5m | New |
| CIBC WORLD MARKET INC. 0.12% of their portfolio | 967.0k $55.9m | Added +82.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 953.6k $55.1m | Reduced -134.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.47% of their portfolio | 900.8k $52.1m | Reduced -402.7k |
| Legal & General Group Plc 0.01% of their portfolio | 827.0k $47.8m | Added +167.1k |
| TD Asset Management Inc 0.04% of their portfolio | 819.3k $47.3m | Added +125.7k |
| Marathon Asset Management Ltd 1.68% of their portfolio | 791.3k $45.7m | Reduced -47.0k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 782.5k $45.2m | Reduced -397.8k |
| Oakcliff Capital Partners, LP 17.01% of their portfolio | 681.7k $39.4m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 579.9k $33.6m | Reduced -235.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 572.0k $33.1m | Reduced -115.2k |
| Driehaus Capital Management LLC 0.22% of their portfolio | 538.1k $31.1m | Added +137.6k |
| BANK OF NOVA SCOTIA 0.05% of their portfolio | 528.1k $30.5m | Reduced -535 |
| UBS Group AG 0.01% of their portfolio | 527.2k $30.5m | Added +61.6k |
| SEGALL BRYANT & HAMILL, LLC 0.39% of their portfolio | 507.6k $29.3m | Added +33.0k |
| BlackRock, Inc. 0.00% of their portfolio | 475.2k $27.5m | Added +5.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 464.9k $26.9m | Added +39.1k |
| DAVIDSON INVESTMENT ADVISORS 1.12% of their portfolio | 456.5k $26.4m | Added +3.8k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 455.2k $26.3m | Added +7.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 443.0k $25.6m | Reduced -8.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 427.4k $24.7m | Added +33.3k |
| Swiss National Bank 0.01% of their portfolio | 409.8k $23.7m | Reduced -28.4k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 365.8k $21.1m | Reduced -748.5k |
| Southpoint Capital Advisors LP 0.53% of their portfolio | 352.3k $20.4m | New |
| GOODNOW INVESTMENT GROUP, LLC 1.94% of their portfolio | 351.2k $20.3m | Added +83.8k |
| Caisse de depot et placement du Quebec 0.04% of their portfolio | 347.5k $20.1m | New |
| GUARDIAN CAPITAL LP 0.60% of their portfolio | 323.7k $18.7m | New |
| Onex Canada Asset Management Inc. 2.34% of their portfolio | 320.1k $18.5m | Reduced -122 |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.06% of their portfolio | 307.4k $17.8m | New |
| TORONTO DOMINION BANK 0.03% of their portfolio | 305.3k $17.6m | Added +33.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 305.3k $17.6m | Added +298.9k |
| TD Waterhouse Canada Inc. 0.11% of their portfolio | 295.3k $17.6m | Added +187.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 278.2k $16.1m | Added +36.2k |
| Mediolanum International Funds Ltd 0.16% of their portfolio | 267.2k $15.4m | Reduced -10.4k |
| Forge First Asset Management Inc. 6.89% of their portfolio | 253.5k $14.6m | Reduced -204.8k |
| MUFG SECURITIES (CANADA), LTD. 0.40% of their portfolio | 247.0k $14.3m | Added +8.7k |
| Amundi 0.00% of their portfolio | 245.5k $15.0m | Added +25.4k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.16% of their portfolio | 242.0k $14.0m | Added +2.0k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 240.2k $13.9m | Reduced -184.0k |
| Man Group plc 0.03% of their portfolio | 235.0k $13.6m | Added +18.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 234.9k $13.6m | Added +42.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 232.3k $13.4m | Reduced -4.0k |
| Ararat Capital Management LP 6.75% of their portfolio | 217.7k $12.6m | Reduced -137.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 216.2k $12.5m | Added +19.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 213.8k $12.4m | Added +5.5k |
| Hillsdale Investment Management Inc. 0.37% of their portfolio | 213.6k $12.3m | Added +62.5k |
| Addenda Capital Inc. 0.51% of their portfolio | 213.2k $17.1m | Added +1.4k |
| AXA Investment Managers S.A. 0.03% of their portfolio | 211.0k $12.2m | First filing |
| Verition Fund Management LLC 0.07% of their portfolio | 209.6k $12.1m | Added +194.1k |
| Invesco Ltd. 0.00% of their portfolio | 204.2k $11.8m | Added +27.6k |
| LOUISBOURG INVESTMENTS INC. 2.26% of their portfolio | 179.2k $10.4m | Added +33.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 178.2k $10.3m | Added +5.9k |
| Galibier Capital Management Ltd. 3.33% of their portfolio | 172.8k $10.0m | Reduced -100.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 172.5k $10.0m | Reduced -81.5k |
| Polymer Capital Management (HK) LTD 1.36% of their portfolio | 169.6k $9.8m | Added +24.3k |
| Aptus Capital Advisors, LLC 0.08% of their portfolio | 156.3k $9.0m | Added +20.6k |
| Federation des caisses Desjardins du Quebec 0.03% of their portfolio | 149.6k $8.5m | Added +2.0k |
| Pembroke Management, LTD 0.84% of their portfolio | 146.4k $8.5m | Added +22.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 133.9k $7.7m | Added +39.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 131.8k $7.6m | Added +56.7k |
| RENAISSANCE GROUP LLC 0.28% of their portfolio | 130.4k $7.5m | Reduced -798 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 127.1k $7.2m | Added +7.9k |
| Korea Investment CORP 0.01% of their portfolio | 124.2k $7.2m | Added +30.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 122.6k $7.1m | Added +55.2k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 120.9k $7.0m | Added +2.6k |
| JCIC Asset Management Inc. 2.16% of their portfolio | 119.8k $6.9m | First filing |
| Homestead Advisers Corp 0.16% of their portfolio | 118.3k $6.8m | Unchanged |
| Candriam S.C.A. 0.04% of their portfolio | 117.3k $6.8m | Reduced -8.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 117.3k $6.8m | Added +40.8k |
| Nuveen, LLC 0.00% of their portfolio | 116.4k $6.7m | Reduced -11.3k |