Vault-13

GRANITE REAL ESTATE INVT TR

UNIT 99/99/9999 · REIT · CUSIP 387437114

97 institutional holders +3 vs Q1 2023
35,918,67535.9m shares reported held*
$2.1bnreported value*
7 new 43 added 36 reduced 6 sold out net bought ≈ $30.9m (+557.4k shares)

* 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 ($24.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.44. Options: 1 managers hold calls ($1.3m notional), 1 hold puts ($0).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 105Q4 22: 99Q1 23: 94Q2 23: 9797Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022105
Q4 202299
Q1 202394
Q2 202397

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 39 bought or addedQ4 22: 63 cut or sold outQ4 22Q1 23: 42 bought or addedQ1 23: 52 cut or sold outQ1 23Q2 23: 50 bought or addedQ2 23: 42 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223963
Q1 20234252
Q2 20235042

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $1.3mQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$1.3m$00.00

Biggest buyers

FIL Ltd Added +346,506+346.5k
TORONTO DOMINION BANK Added +179,953+180.0k
Connor, Clark & Lunn Investment Management Ltd. Added +152,952+153.0k
1832 Asset Management L.P. Added +124,720+124.7k
Federation des caisses Desjardins du Quebec Added +109,347+109.3k
AGF MANAGEMENT LTD Added +107,961+108.0k
Hillsdale Investment Management Inc. Added +100,020+100.0k
NICOLA WEALTH MANAGEMENT LTD. New +77,400+77.4k
TWO SIGMA INVESTMENTS, LP Added +50,600+50.6k
Lighthouse Investment Partners, LLC New +40,000+40.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -147,718-147.7k
DEUTSCHE BANK AG\ Reduced -120,216-120.2k
Balyasny Asset Management L.P. Reduced -93,402-93.4k
TD Asset Management Inc Reduced -93,373-93.4k
GOLDMAN SACHS GROUP INC Reduced -88,438-88.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -86,743-86.7k
MACKENZIE FINANCIAL CORP Reduced -71,354-71.4k
FIRST TRUST ADVISORS LP Sold out -45,714-45.7k
Cardinal Capital Management, Inc. Reduced -40,500-40.5k
Anson Funds Management LP Reduced -37,496-37.5k

Biggest calls

ROYAL BANK OF CANADA New $1.3m21.3k shares

Biggest puts

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.

HolderStakeChangeShares Last filed
1832 Asset Management L.P. 13G · institution -1.6 pts · filed 2026-05-01 6.9% -1.6 pts 4.2m 2026-05-01

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 4,199,0184.2m $247.7m $247.7m 0.07% Reduced -147.7k -147,718
2 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 3,566,0003.6m $211.3m $211.3m 0.08% Added +23.3k +23,296
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,622,6002.6m $154.7m $154.7m 0.00% Added +25.0k +24,997
4 CIBC Asset Management Inc 0.60% of their portfolio TORONTO, Z4 2,584,6382.6m $153.0m $153.0m 0.60% Added +7.1k +7,088
5 Connor, Clark & Lunn Investment Management Ltd. 0.73% of their portfolio VANCOUVER, A1 2,483,6012.5m $146.9m $146.9m 0.73% Added +153.0k +152,952
6 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 2,180,1682.2m $128.6m $128.6m 0.04% Added +29.3k +29,292
7 FIL Ltd 0.14% of their portfolio HAMILTON, D0 2,179,7522.2m $129.0m $129.0m 0.14% Added +346.5k +346,506
8 1832 Asset Management L.P. 0.19% of their portfolio TORONTO, A6 1,676,6341.7m $98.9m $98.9m 0.19% Added +124.7k +124,720
9 AGF MANAGEMENT LTD 0.67% of their portfolio TORONTO, A6 1,559,3881.6m $92.3m $92.3m 0.67% Added +108.0k +107,961
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,427,6441.4m $84.2m $84.2m 0.01% Reduced -2.6k -2,570
11 MONTRUSCO BOLTON INVESTMENTS INC. 0.89% of their portfolio MONTREAL, A8 972,158972.2k $57.6m $57.6m 0.89% Reduced -9.1k -9,091
12 MACKENZIE FINANCIAL CORP 0.08% of their portfolio TORONTO ONTARIO, A6 930,494930.5k $55.0m $55.0m 0.08% Reduced -71.4k -71,354
13 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 744,617744.6k $43.9m $43.9m 0.02% Reduced -120.2k -120,216
14 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 725,215725.2k $43.0m $43.0m 0.05% Reduced -93.4k -93,373
15 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 681,197681.2k $40.3m $40.3m 0.03% Reduced -11.8k -11,783
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 635,349635.3k $37.6m $37.6m 0.01% Added +26.5k +26,523
17 CIBC WORLD MARKET INC. 0.10% of their portfolio TORONTO, A6 482,266482.3k $28.6m $28.6m 0.10% Added +28.4k +28,423
18 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 426,179426.2k $25.2m $25.2m 0.05% Added +13.0k +13,044
19 Legal & General Group Plc 0.01% of their portfolio London, X0 417,488417.5k $24.7m $24.7m 0.01% Added +20.7k +20,704
20 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 372,526372.5k $24.1m $24.1m 0.02% Added +180.0k +179,953
21 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 342,492342.5k $20.3m $20.3m 0.01% Reduced -86.7k -86,743
22 TD Waterhouse Canada Inc. 0.24% of their portfolio TORONTO, A6 319,767319.8k $24.3m $24.3m 0.24% Added +11.0k +10,997
23 Cardinal Capital Management, Inc. 0.86% of their portfolio WINNIPEG, A2 288,315288.3k $17.1m $17.1m 0.86% Reduced -40.5k -40,500
24 INTACT INVESTMENT MANAGEMENT INC. 0.62% of their portfolio MONTREAL, A8 256,420256.4k $15.2m $15.2m 0.62% Added +16.4k +16,400
25 Vision Capital Corp 8.70% of their portfolio TORONTO, A6 256,123256.1k $15.2m $15.2m 8.70% Unchanged
26 Alberta Investment Management Corp 0.13% of their portfolio EDMONTON, A0 223,993224.0k $13.3m $13.3m 0.13% Reduced -1.5k -1,481
27 Federation des caisses Desjardins du Quebec 0.12% of their portfolio LEVIS, A8 200,053200.1k $12.7m $12.7m 0.12% Added +109.3k +109,347
28 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 200,000200.0k $11.8m $11.8m 0.02% Unchanged
29 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 193,388193.4k $11.4m $11.4m 0.03% Reduced -93.4k -93,402
30 GUARDIAN CAPITAL LP 0.34% of their portfolio TORONTO, A6 178,774178.8k $10.6m $10.6m 0.34% Reduced -3.4k -3,385
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 165,344165.3k $9.8m $9.8m 0.00% Added +12.0k +12,002
32 SCOTIA CAPITAL INC. 0.06% of their portfolio TORONTO, A6 138,288138.3k $8.2m $8.2m 0.06% Reduced -4.9k -4,923
33 CIDEL ASSET MANAGEMENT INC 0.37% of their portfolio TORONTO, A6 136,599136.6k $8.1m $8.1m 0.37% Reduced -780 -780
34 Public Sector Pension Investment Board 0.06% of their portfolio MONTREAL, A8 136,598136.6k $8.1m $8.1m 0.06% Added +3.0k +3,044
35 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 134,361134.4k $7.9m $7.9m 0.00% Added +1.8k +1,815
36 Baskin Financial Services Inc. 0.75% of their portfolio TORONTO, A6 131,308131.3k $7.8m $7.8m 0.75% Added +168 +168
37 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.07% of their portfolio VICTORIA, A1 127,693127.7k $7.6m $7.6m 0.07% Reduced -5.8k -5,783
38 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 126,837126.8k $7.5m $7.5m 0.02% Added +50.6k +50,600
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 116,796116.8k $6.9m $6.9m 0.00% Reduced -88.4k -88,438
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 115,061115.1k $6.8m $6.8m 0.00% Reduced -17.6k -17,621
41 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.76% of their portfolio MISSISSAUGA, A6 111,542111.5k $6.6m $6.6m 0.76% Reduced -32.1k -32,110
42 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 106,583106.6k $6.3m $6.3m 0.00% Reduced -12.4k -12,406
43 Hillsdale Investment Management Inc. 0.57% of their portfolio Toronto, A6 104,940104.9k $6.2m $6.2m 0.57% Added +100.0k +100,020
44 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 92,88692.9k $5.5m $5.5m 0.01% Reduced -4.5k -4,486
45 BAROMETER CAPITAL MANAGEMENT INC. 1.85% of their portfolio TORONTO, A6 88,60088.6k $6.9m $6.9m 1.85% Reduced -4.8k -4,800
46 NICOLA WEALTH MANAGEMENT LTD. 0.45% of their portfolio VANCOUVER, A1 77,40077.4k $4.6m $4.6m 0.45% New
47 Swiss National Bank 0.00% of their portfolio ZURICH, V8 68,90068.9k $4.1m $4.1m 0.00% Reduced -8.9k -8,900
48 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 58,90058.9k $3.5m $3.5m 0.01% Added +7.9k +7,900
49 Cumberland Partners Ltd 0.31% of their portfolio TORONTO, A6 57,88757.9k $3.4m $3.4m 0.31% Added +6.3k +6,330
50 Canoe Financial LP 0.07% of their portfolio CALGARY, A0 55,70955.7k $3.3m $3.3m 0.07% Added +7.7k +7,686
51 Anson Funds Management LP 0.77% of their portfolio DALLAS, TX 51,69651.7k $3.1m $3.1m 0.77% Reduced -37.5k -37,496
52 Addenda Capital Inc. 0.16% of their portfolio MONTREAL, A8 49,22049.2k $3.9m $3.9m 0.16% Added +750 +750
53 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 44,76444.8k $2.6m $2.6m 0.01% Added +5.1k +5,100
54 Huber Capital Management LLC 0.63% of their portfolio EL SEGUNDO, CA 44,08744.1k $2.6m $2.6m 0.63% Reduced -1.0k -1,000
55 Amundi 0.00% of their portfolio Paris, I0 42,55842.6k $2.5m $2.5m 0.00% Added +3.6k +3,578
56 Tacita Capital Inc 1.76% of their portfolio TORONTO, A6 40,49940.5k $2.4m $2.4m 1.76% Unchanged
57 Lighthouse Investment Partners, LLC 0.18% of their portfolio Palm Beach Gardens, FL 40,00040.0k $2.4m $2.4m 0.18% New
58 Forge First Asset Management Inc. 1.19% of their portfolio TORONTO, Z4 39,40039.4k $2.3m $2.3m 1.19% New
59 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 36,84636.8k $2.2m $2.2m 0.00% Added +1.6k +1,607
60 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 30,37930.4k $1.8m $1.8m 0.00% Added +1.8k +1,838
61 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 22,65722.7k $1.3m $1.3m 0.00% Reduced -1.3k -1,254
62 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.04% of their portfolio BALA CYNWYD, PA 20,40020.4k $1.2m $1.2m 0.04% Unchanged
63 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 18,28318.3k $1.1m $1.1m 0.00% Reduced -300 -300
64 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 17,23117.2k $1.4m $1.4m 0.00% Reduced -266 -266
65 UniSuper Management Pty Ltd 0.02% of their portfolio Melbourne, Victoria, C3 17,10017.1k $1.3m $1.3m 0.02% First filing
66 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 16,79516.8k $998.0k $998.0k 0.00% Added +3.0k +2,978
67 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 16,44216.4k $973.9k $973.9k 0.00% Added +7.4k +7,369
68 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 16,43516.4k $973.5k $973.5k 0.00% Added +1.3k +1,326
69 Genus Capital Management Inc. 0.14% of their portfolio VANCOUVER, A1 15,80015.8k $935.9k $935.9k 0.14% First filing
70 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 14,60014.6k $865.0k $865.0k 0.01% Unchanged
71 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 14,54114.5k $837.0k $837.0k 0.00% Added +1.1k +1,060
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,17213.2k $777.0k $777.0k 0.00% Reduced -14.0k -13,999
73 Credential Qtrade Securities Inc. 0.05% of their portfolio VANCOUVER, A1 12,16912.2k $720.1k $720.1k 0.05% Added +1.5k +1,501
74 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 11,08811.1k $654.1k $654.1k 0.01% Added +200 +200
75 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 10,87010.9k $643.6k $643.6k 0.00% Added +424 +424
76 Man Group plc 0.00% of their portfolio LONDON, X0 10,51710.5k $623.0k $623.0k 0.00% New
77 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 10,45810.5k $616.9k $616.9k 0.00% Unchanged
78 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 9,5339.5k $564.0k $564.0k 0.00% Reduced -12.9k -12,900
79 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 9,0089.0k $533.0k $533.0k 0.00% Added +1.9k +1,944
80 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,8307.8k $461.9k $461.9k 0.00% Reduced -3.1k -3,060
81 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 7,0687.1k $418.2k $418.2k 0.01% Added +87 +87
82 Weil Company, Inc. 0.18% of their portfolio SAN DIEGO, CA 6,9206.9k $408.2k $408.2k 0.18% Added +51 +51
83 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 6,7636.8k $400.0k $400.0k 0.00% Added +190 +190
84 Mariner Managed Account Solutions, LLC 0.03% of their portfolio Boston, MA 6,3716.4k $375.8k $375.8k 0.03% Reduced -860 -860
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,8005.8k $342.1k $342.1k 0.00% Unchanged
86 BANK OF NOVA SCOTIA TRUST CO 0.04% of their portfolio TORONTO, A6 5,7435.7k $338.8k $338.8k 0.04% Unchanged
87 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,2405.2k $309.1k $309.1k 0.00% New
88 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 4,7504.8k $281.6k $281.6k 0.00% New
89 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,3673.4k $199.4k $199.4k 0.00% Reduced -11.7k -11,692
90 Ninepoint Partners LP 0.02% of their portfolio TORONTO, A6 2,2272.2k $131.4k $131.4k 0.02% Reduced -976 -976
91 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,1172.1k $124.9k $124.9k 0.00% Reduced -799 -799
92 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 2,0972.1k $124.0k $124.0k 0.00% Added +100 +100
93 Pacifica Partners Inc. 0.02% of their portfolio SURREY, Z4 690690 $41.5k $41.5k 0.02% Reduced -800 -800
94 BlackRock Inc. 0.00% of their portfolio New York, NY 556556 $32.8k $32.8k 0.00% Added +100 +100
95 HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio CHICAGO, IL 416416 $24.5k $24.5k 0.00% New
96 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 200200 $11.8k $11.8k 0.00% Reduced -2.5k -2,537
97 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged