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 ($53.0m 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 ≈ $63.40. Options: 15 managers hold calls ($122.2m notional), 12 hold puts ($73.5m).
Trends to Q4 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 |
| Q4 2025 | 494 |
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 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 |
| Q4 2025 | 341 | 110 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $8.1m | $4.5m | 0.56 |
| Q2 2025 | $7.0m | $5.2m | 0.74 |
| Q3 2025 | $13.4m | $10.2m | 0.76 |
| Q4 2025 | $122.2m | $73.5m | 0.60 |
Biggest buyers
| 1832 Asset Management L.P. | Added | +6.7m |
| Caisse de depot et placement du Quebec | Added | +5.9m |
| MACKENZIE FINANCIAL CORP | Added | +2.0m |
| BRANDES INVESTMENT PARTNERS, LP | New | +1.6m |
| VANGUARD GROUP INC | Added | +1.6m |
| MILLENNIUM MANAGEMENT LLC | New | +1.3m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +1.3m |
| TD Waterhouse Canada Inc. | Added | +971.7k |
| GUARDIAN CAPITAL LP | Added | +897.4k |
| Loews Corp | New | +888.7k |
Biggest sellers
| LAZARD ASSET MANAGEMENT LLC | Reduced | -887.1k |
| FIL Ltd | Reduced | -815.1k |
| JPMORGAN CHASE & CO | Reduced | -550.1k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -391.3k |
| TURTLE CREEK ASSET MANAGEMENT INC. | Reduced | -387.8k |
| Southpoint Capital Advisors LP | Sold out | -352.3k |
| EdgePoint Investment Group Inc. | Reduced | -283.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -224.5k |
| Man Group plc | Reduced | -203.8k |
| BlackRock, Inc. | Reduced | -197.3k |
Biggest calls
| GROUP ONE TRADING LLC | New | $45.8m733.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.0m432.9k shares |
| TORONTO DOMINION BANK | Added | $11.4m182.4k shares |
| SIMPLEX TRADING, LLC | Added | $8.9m142.5k shares |
| IMC-Chicago, LLC | New | $8.5m136.5k shares |
| BROADWOOD CAPITAL INC | New | $7.0m112.8k shares |
| NewGen Asset Management Ltd | New | $5.6m89.6k shares |
| PEAK6 LLC | Added | $3.3m53.2k shares |
| SIG North Trading, ULC | Reduced | $1.2m19.1k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $1.1m179 shares |
Biggest puts
| SIMPLEX TRADING, LLC | New | $34.7m554.9k shares |
| IMC-Chicago, LLC | New | $13.6m217.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.3m133.2k shares |
| TORONTO DOMINION BANK | Added | $6.0m96.3k shares |
| GROUP ONE TRADING LLC | New | $5.6m90.2k shares |
| SIG North Trading, ULC | Added | $2.2m35.2k shares |
| CITADEL ADVISORS LLC | New | $2.0m32.6k shares |
| Walleye Trading LLC | Added | $624.6k10.0k shares |
| JANE STREET GROUP, LLC | New | $311.1k5.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $62.5k10 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 Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| JANUS HENDERSON GROUP PLC 0.29% of their portfolio | 10.5m $655.5m | Reduced -1.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.6m $473.0m | Added +1.6m |
| COOKE & BIELER LP 4.74% of their portfolio | 7.3m $454.3m | Reduced -7.2k |
| MACKENZIE FINANCIAL CORP 0.51% of their portfolio | 6.9m $429.4m | Added +2.0m |
| 1832 Asset Management L.P. 0.54% of their portfolio | 6.8m $423.1m | Added +6.7m |
| Caisse de depot et placement du Quebec 0.66% of their portfolio | 6.2m $390.5m | Added +5.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.30% of their portfolio | 5.8m $363.1m | Added +1.3m |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 5.7m $357.1m | Added +827.9k |
| BANK OF MONTREAL /CAN/ 0.11% of their portfolio | 4.3m $268.2m | Added +440.8k |
| BROWNING WEST LP 16.54% of their portfolio | 4.2m $261.0m | Unchanged |
| FMR LLC 0.01% of their portfolio | 3.9m $243.3m | Added +421.8k |
| Anomaly Capital Management, LP 6.95% of their portfolio | 3.1m $193.3m | Added +211.6k |
| Cardinal Capital Management, Inc. 4.90% of their portfolio | 2.5m $218.2m | Reduced -162.7k |
| NORGES BANK 0.02% of their portfolio | 2.4m $151.0m | Not comparable |
| MORGAN STANLEY 0.01% of their portfolio | 2.0m $125.2m | Added +340.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.0m $121.8m | Added +537.9k |
| LAZARD ASSET MANAGEMENT LLC 0.20% of their portfolio | 1.9m $119.5m | Reduced -887.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $120.5m | Added +417.3k |
| Simcoe Capital Management, LLC 18.93% of their portfolio | 1.7m $105.8m | Reduced -197.2k |
| BRANDES INVESTMENT PARTNERS, LP 0.76% of their portfolio | 1.6m $99.9m | New |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.6m $99.0m | Added +143.3k |
| BCV Asset Management Inc. 3.73% of their portfolio | 1.5m $147.6m | First filing |
| Bahl & Gaynor LLC 0.47% of their portfolio | 1.5m $93.8m | Added +43.5k |
| FIL Ltd 0.07% of their portfolio | 1.5m $92.6m | Reduced -815.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.5m $90.6m | Added +496.8k |
| Hudson Way Capital Management LLC 6.91% of their portfolio | 1.4m $86.9m | Added +395.6k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.3m $83.0m | New |
| NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio | 1.3m $85.5m | Reduced -143.5k |
| TD Waterhouse Canada Inc. 0.49% of their portfolio | 1.3m $78.9m | Added +971.7k |
| GUARDIAN CAPITAL LP 2.27% of their portfolio | 1.2m $76.4m | Added +897.4k |
| CIBC Asset Management Inc 0.18% of their portfolio | 1.2m $75.3m | Reduced -138.5k |
| Cannell & Spears LLC 1.39% of their portfolio | 1.2m $74.1m | Reduced -78.7k |
| TD Asset Management Inc 0.06% of their portfolio | 1.1m $71.9m | Added +329.6k |
| PICTON MAHONEY ASSET MANAGEMENT 0.77% of their portfolio | 1.1m $70.5m | Added +83.2k |
| Alberta Investment Management Corp 0.42% of their portfolio | 1.1m $69.8m | Added +18.9k |
| TURTLE CREEK ASSET MANAGEMENT INC. 2.99% of their portfolio | 1.1m $67.9m | Reduced -387.8k |
| INTACT INVESTMENT MANAGEMENT INC. 1.95% of their portfolio | 1.1m $67.8m | Reduced -68.2k |
| CIBC WORLD MARKET INC. 0.11% of their portfolio | 998.9k $62.4m | Added +31.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.16% of their portfolio | 966.0k $60.4m | Reduced -391.3k |
| EdgePoint Investment Group Inc. 0.49% of their portfolio | 962.3k $60.1m | Reduced -283.1k |
| Legal & General Group Plc 0.01% of their portfolio | 930.9k $58.3m | Added +103.9k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 910.1k $56.8m | Added +127.7k |
| Loews Corp 0.45% of their portfolio | 888.7k $55.5m | New |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.52% of their portfolio | 857.4k $53.6m | Reduced -43.3k |
| Marathon Asset Management Ltd 1.79% of their portfolio | 744.9k $46.6m | Reduced -46.4k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 716.3k $44.7m | Added +350.5k |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.97% of their portfolio | 685.4k $42.8m | New |
| Oakcliff Capital Partners, LP 18.25% of their portfolio | 681.7k $42.6m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 681.5k $42.6m | Reduced -550.1k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 633.3k $39.6m | Added +620.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 599.1k $37.4m | Added +27.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.66% of their portfolio | 590.2k $36.9m | New |
| Driehaus Capital Management LLC 0.23% of their portfolio | 538.8k $33.7m | Added +700 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 532.9k $33.3m | Reduced -47.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 521.1k $32.6m | Added +93.7k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 515.7k $32.2m | Added +275.5k |
| UBS Group AG 0.01% of their portfolio | 483.1k $30.2m | Reduced -44.1k |
| TORONTO DOMINION BANK 0.05% of their portfolio | 473.6k $29.6m | Added +168.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 473.5k $29.6m | Added +8.6k |
| SEGALL BRYANT & HAMILL, LLC 0.39% of their portfolio | 466.9k $29.2m | Reduced -40.7k |
| Swiss National Bank 0.02% of their portfolio | 466.3k $29.2m | Added +56.5k |
| Amundi 0.01% of their portfolio | 460.1k $28.7m | Added +214.5k |
| DAVIDSON INVESTMENT ADVISORS 1.19% of their portfolio | 457.9k $28.6m | Added +1.4k |
| Ceredex Value Advisors LLC 0.82% of their portfolio | 436.9k $27.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 429.4k $26.9m | Reduced -13.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 405.5k $25.3m | Added +173.2k |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 393.7k $24.6m | Reduced -134.5k |
| Waratah Capital Advisors Ltd. 1.84% of their portfolio | 387.1k $24.2m | Added +308.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 383.9k $24.0m | Added +252.1k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 369.5k $23.1m | Reduced -85.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 364.1k $22.8m | Added +129.2k |
| GOODNOW INVESTMENT GROUP, LLC 2.00% of their portfolio | 343.9k $21.5m | Reduced -7.3k |
| Mediolanum International Funds Ltd 0.19% of their portfolio | 310.1k $19.5m | Added +42.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 303.6k $19.0m | Added +297.7k |
| Federation des caisses Desjardins du Quebec 0.07% of their portfolio | 283.4k $17.7m | Added +133.8k |
| MUFG SECURITIES (CANADA), LTD. 0.49% of their portfolio | 281.9k $17.6m | Added +35.0k |
| BlackRock, Inc. 0.00% of their portfolio | 277.9k $17.4m | Reduced -197.3k |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.15% of their portfolio | 268.5k $16.8m | Reduced -38.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 256.6k $16.0m | Reduced -21.6k |
| Rubric Capital Management LP 0.19% of their portfolio | 256.4k $16.0m | Added +172.1k |
| BARINGTON COMPANIES MANAGEMENT, LLC 10.46% of their portfolio | 255.2k $15.9m | New |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.19% of their portfolio | 245.9k $15.4m | Added +3.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 240.5k $15.0m | Added +24.3k |
| Onex Canada Asset Management Inc. 2.04% of their portfolio | 235.8k $14.7m | Reduced -84.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 229.2k $14.3m | Added +15.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 221.0k $13.8m | Added +42.8k |
| Invesco Ltd. 0.00% of their portfolio | 216.4k $13.5m | Added +12.3k |
| Hillsdale Investment Management Inc. 0.36% of their portfolio | 209.2k $13.1m | Reduced -4.5k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 208.9k $13.1m | Added +159.7k |
| Hodges Capital Management Inc. 1.11% of their portfolio | 205.2k $12.8m | Added +104.4k |
| Azimuth Capital Investment Management LLC 0.45% of their portfolio | 202.8k $12.7m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 200.3k $12.5m | New |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 199.7k $12.5m | Added +65.8k |
| Addenda Capital Inc. 0.48% of their portfolio | 192.0k $16.5m | Reduced -21.3k |
| HRT FINANCIAL LP 0.05% of their portfolio | 190.0k $11.9m | Added +186.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 180.0k $11.2m | Added +7.5k |
| Ararat Capital Management LP 5.47% of their portfolio | 177.9k $11.1m | Reduced -39.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 170.1k $10.6m | New |
| Genus Capital Management Inc. 1.20% of their portfolio | 165.3k $10.3m | Added +64.2k |
| Pembroke Management, LTD 1.03% of their portfolio | 159.2k $9.9m | Added +12.8k |