Vault-13

GRANITE REAL ESTATE INVT TR

UNIT 99/99/9999 · REIT · CUSIP 387437114

92 institutional holders -6 vs Q4 2023
37,765,02037.8m shares reported held*
$2.2bnreported value*
7 new 35 added 40 reduced 12 sold out net sold ≈ $21.2m (-370.4k 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 ($772.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.53. Options: 1 managers hold calls ($15.7m notional), 1 hold puts ($0).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 105Q4 22: 99Q1 23: 94Q2 23: 97Q3 23: 93Q4 23: 98Q1 24: 9292Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022105
Q4 202299
Q1 202394
Q2 202397
Q3 202393
Q4 202398
Q1 202492

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 23Q3 23: 47 bought or addedQ3 23: 39 cut or sold outQ3 23Q4 23: 49 bought or addedQ4 23: 44 cut or sold outQ4 23Q1 24: 42 bought or addedQ1 24: 52 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223963
Q1 20234252
Q2 20235042
Q3 20234739
Q4 20234944
Q1 20244252

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 23 calls: $1.3mQ2 23 puts: $0Q2 23P/C 0.00Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $7.6mQ4 23P/C —Q1 24 calls: $15.7mQ1 24 puts: $0Q1 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2023$1.3m$00.00
Q3 2023$0$0—
Q4 2023$0$7.6m—
Q1 2024$15.7m$00.00

Biggest buyers

1832 Asset Management L.P. Added +731,999+732.0k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +258,075+258.1k
INTACT INVESTMENT MANAGEMENT INC. Added +149,900+149.9k
Genus Capital Management Inc. New +94,575+94.6k
Cardinal Capital Management, Inc. Added +55,035+55.0k
CIBC WORLD MARKET INC. Added +46,976+47.0k
MACKENZIE FINANCIAL CORP Added +40,676+40.7k
NORGES BANK Added +29,852+29.9k
Timelo Investment Management Inc. New +28,991+29.0k
TD Waterhouse Canada Inc. Added +28,763+28.8k

Biggest sellers

FIL Ltd Reduced -372,087-372.1k
ROYAL BANK OF CANADA Reduced -274,377-274.4k
CIBC Asset Management Inc Reduced -252,787-252.8k
AGF MANAGEMENT LTD Reduced -249,198-249.2k
CANADA PENSION PLAN INVESTMENT BOARD Sold out -200,000-200.0k
JANUS HENDERSON GROUP PLC Sold out -102,609-102.6k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -75,476-75.5k
Forge First Asset Management Inc. Sold out -75,400-75.4k
TORONTO DOMINION BANK Reduced -72,016-72.0k
TD Asset Management Inc Reduced -70,596-70.6k

Biggest calls

ROYAL BANK OF CANADA New $15.7m274.6k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 4,155,5354.2m $237.8m $237.8m 0.06% Reduced -274.4k -274,377
2 BANK OF MONTREAL /CAN/ 0.07% of their portfolio TORONTO, A6 3,632,8273.6m $206.6m $206.6m 0.07% Added +54 +54
3 1832 Asset Management L.P. 0.38% of their portfolio TORONTO, A6 3,590,5893.6m $205.5m $205.5m 0.38% Added +732.0k +731,999
4 FIL Ltd 0.17% of their portfolio HAMILTON, D0 2,948,1812.9m $168.3m $168.3m 0.17% Reduced -372.1k -372,087
5 CIBC Asset Management Inc 0.57% of their portfolio TORONTO, Z4 2,874,5152.9m $164.1m $164.1m 0.57% Reduced -252.8k -252,787
6 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,773,6042.8m $158.7m $158.7m 0.01% Reduced -29.3k -29,328
7 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,634,5312.6m $150.8m $150.8m 0.00% Reduced -6.5k -6,506
8 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 2,488,3262.5m $142.4m $142.4m 0.04% Added +258.1k +258,075
9 Connor, Clark & Lunn Investment Management Ltd. 0.38% of their portfolio VANCOUVER, A1 1,561,3751.6m $89.2m $89.2m 0.38% Reduced -39.6k -39,600
10 AGF MANAGEMENT LTD 0.45% of their portfolio TORONTO, A6 1,409,3891.4m $80.4m $80.4m 0.45% Reduced -249.2k -249,198
11 MACKENZIE FINANCIAL CORP 0.12% of their portfolio TORONTO ONTARIO, A6 1,400,6511.4m $80.0m $80.0m 0.12% Added +40.7k +40,676
12 MONTRUSCO BOLTON INVESTMENTS INC. 0.47% of their portfolio MONTREAL, A8 767,994768.0k $43.9m $43.9m 0.47% Reduced -6.8k -6,804
13 NORGES BANK 0.01% of their portfolio OSLO, Q8 690,873690.9k $39.4m $39.4m 0.01% Added +29.9k +29,852
14 CIBC WORLD MARKET INC. 0.07% of their portfolio TORONTO, A6 495,494495.5k $28.3m $28.3m 0.07% Added +47.0k +46,976
15 INTACT INVESTMENT MANAGEMENT INC. 1.03% of their portfolio MONTREAL, A8 455,520455.5k $26.0m $26.0m 1.03% Added +149.9k +149,900
16 Legal & General Group Plc 0.01% of their portfolio London, X0 442,058442.1k $25.2m $25.2m 0.01% Reduced -3.6k -3,558
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 408,639408.6k $23.4m $23.4m 0.00% Reduced -12.4k -12,379
18 TD Waterhouse Canada Inc. 0.21% of their portfolio TORONTO, A6 381,193381.2k $28.2m $28.2m 0.21% Added +28.8k +28,763
19 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 366,269366.3k $20.9m $20.9m 0.02% Reduced -70.6k -70,596
20 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 363,391363.4k $20.7m $20.7m 0.02% Reduced -12.0k -12,011
21 Cardinal Capital Management, Inc. 0.87% of their portfolio WINNIPEG, A2 342,105342.1k $19.5m $19.5m 0.87% Added +55.0k +55,035
22 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 299,460299.5k $17.1m $17.1m 0.01% Reduced -28.2k -28,205
23 Federation des caisses Desjardins du Quebec 0.13% of their portfolio LEVIS, A8 237,774237.8k $18.3m $18.3m 0.13% Added +2.3k +2,302
24 Alberta Investment Management Corp 0.13% of their portfolio EDMONTON, A0 223,993224.0k $12.8m $12.8m 0.13% Unchanged
25 GUARDIAN CAPITAL LP 0.43% of their portfolio TORONTO, A6 217,383217.4k $12.4m $12.4m 0.43% Added +25.6k +25,620
26 CIDEL ASSET MANAGEMENT INC 0.71% of their portfolio TORONTO, A6 164,293164.3k $9.4m $9.4m 0.71% Reduced -2.3k -2,303
27 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 146,725146.7k $8.3m $8.3m 0.05% Added +10.7k +10,675
28 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 131,601131.6k $7.5m $7.5m 0.01% Reduced -649 -649
29 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.88% of their portfolio MISSISSAUGA, A6 129,492129.5k $7.4m $7.4m 0.88% Reduced -4.1k -4,098
30 NICOLA WEALTH MANAGEMENT LTD. 0.95% of their portfolio VANCOUVER, A1 127,400127.4k $9.8m $9.8m 0.95% Unchanged
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 114,121114.1k $6.5m $6.5m 0.00% Reduced -5.8k -5,822
32 Baskin Financial Services Inc. 0.51% of their portfolio TORONTO, A6 106,937106.9k $6.1m $6.1m 0.51% Reduced -9.5k -9,505
33 Genus Capital Management Inc. 0.70% of their portfolio VANCOUVER, A1 94,57594.6k $5.4m $5.4m 0.70% New
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 91,44791.4k $5.2m $5.2m 0.00% Reduced -7.7k -7,703
35 Credential Qtrade Securities Inc. 0.28% of their portfolio VANCOUVER, A1 91,10691.1k $5.2m $5.2m 0.28% Added +4.0k +4,007
36 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 90,89890.9k $4.7m $4.7m 0.01% Reduced -1.9k -1,898
37 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 89,39189.4k $5.1m $5.1m 0.00% Added +2.5k +2,457
38 Gold Investment Management Ltd. 1.89% of their portfolio EDMONTON, A0 82,04982.0k $4.7m $4.7m 1.89% Added +2.3k +2,281
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 80,53480.5k $4.6m $4.6m 0.00% Added +17.0k +16,975
40 Cumberland Partners Ltd 0.33% of their portfolio TORONTO, A6 79,65779.7k $4.6m $4.6m 0.33% Added +3.1k +3,070
41 Canoe Financial LP 0.07% of their portfolio CALGARY, A0 69,73569.7k $4.0m $4.0m 0.07% Reduced -3.5k -3,507
42 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 65,46165.5k $3.7m $3.7m 0.01% Added +11.9k +11,902
43 Addenda Capital Inc. 0.19% of their portfolio MONTREAL, A8 64,88364.9k $5.0m $5.0m 0.19% Added +4.4k +4,395
44 Swiss National Bank 0.00% of their portfolio ZURICH, V8 63,50063.5k $3.6m $3.6m 0.00% Unchanged
45 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 52,93752.9k $3.0m $3.0m 0.01% Reduced -700 -700
46 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 52,00052.0k $3.0m $3.0m 0.00% Added +5.3k +5,300
47 Anson Funds Management LP 0.20% of their portfolio DALLAS, TX 49,92349.9k $2.9m $2.9m 0.20% Added +10.4k +10,427
48 Tacita Capital Inc 1.78% of their portfolio TORONTO, A6 44,87344.9k $2.6m $2.6m 1.78% Added +4.0k +3,953
49 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 41,24241.2k $2.4m $2.4m 0.02% Reduced -10.7k -10,726
50 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 36,16436.2k $2.1m $2.1m 0.00% Added +500 +500
51 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 34,99235.0k $2.0m $2.0m 0.00% Reduced -2.3k -2,335
52 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 33,52433.5k $1.9m $1.9m 0.00% Added +974 +974
53 Amundi 0.00% of their portfolio Paris, I0 30,56930.6k $1.5m $1.5m 0.00% Reduced -4.7k -4,717
54 Timelo Investment Management Inc. 2.57% of their portfolio Aurora, A6 28,99129.0k $1.7m $1.7m 2.57% New
55 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 25,43925.4k $1.5m $1.5m 0.00% Unchanged
56 Huber Capital Management LLC 0.32% of their portfolio EL SEGUNDO, CA 25,07825.1k $1.4m $1.4m 0.32% Added +57 +57
57 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 20,62520.6k $1.2m $1.2m 0.00% New
58 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 18,75818.8k $1.1m $1.1m 0.00% Reduced -663 -663
59 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 17,68117.7k $1.0m $1.0m 0.00% Reduced -2.2k -2,182
60 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 17,17317.2k $981.1k $981.1k 0.00% Added +577 +577
61 UniSuper Management Pty Ltd 0.01% of their portfolio Melbourne, Victoria, C3 17,10017.1k $1.3m $1.3m 0.01% Unchanged
62 Man Group plc 0.00% of their portfolio LONDON, X0 16,11716.1k $920.8k $920.8k 0.00% Reduced -4.6k -4,600
63 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 13,49813.5k $772.5k $772.5k 0.00% Reduced -72.0k -72,016
64 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 13,30313.3k $767.3k $767.3k 0.00% Added +1.3k +1,333
65 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 11,26811.3k $643.4k $643.4k 0.00% New
66 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 10,71310.7k $611.4k $611.4k 0.00% Added +787 +787
67 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 10,61810.6k $607.7k $607.7k 0.01% Reduced -160 -160
68 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 10,45810.5k $598.5k $598.5k 0.00% Unchanged
69 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 9,5549.6k $545.6k $545.6k 0.00% Reduced -210 -210
70 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,1599.2k $705.5k $705.5k 0.00% Added +51 +51
71 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 8,6418.6k $493.0k $493.0k 0.00% Added +197 +197
72 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 8,5998.6k $492.1k $492.1k 0.00% Added +3.1k +3,056
73 BANK OF NOVA SCOTIA TRUST CO 0.05% of their portfolio TORONTO, A6 8,4628.5k $484.3k $484.3k 0.05% Added +1.3k +1,349
74 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,9397.9k $454.3k $454.3k 0.00% Reduced -247 -247
75 Weil Company, Inc. 0.16% of their portfolio SAN DIEGO, CA 7,0947.1k $406.0k $406.0k 0.16% Added +59 +59
76 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,0697.1k $403.6k $403.6k 0.00% Reduced -290 -290
77 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 6,0016.0k $343.4k $343.4k 0.00% Added +920 +920
78 Cullen Capital Management, LLC 0.00% of their portfolio New York, NY 5,5985.6k $319.5k $319.5k 0.00% New
79 Mariner, LLC 0.00% of their portfolio Overland Park, KS 4,9454.9k $283.0k $283.0k 0.00% New
80 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 3,8863.9k $221.8k $221.8k 0.01% Reduced -3.3k -3,291
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,8362.8k $162.3k $162.3k 0.00% Reduced -546 -546
82 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,2372.2k $128.0k $128.0k 0.00% Reduced -1.9k -1,870
83 Ninepoint Partners LP 0.02% of their portfolio TORONTO, A6 2,2272.2k $127.5k $127.5k 0.02% Unchanged
84 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,6911.7k $96.8k $96.8k 0.00% Reduced -1 -1
85 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 1,2971.3k $64.0k $64.0k 0.00% Reduced -300 -300
86 Dixon Mitchell Investment Counsel Inc. 0.00% of their portfolio VANCOUVER, A1 1,0211.0k $58.4k $58.4k 0.00% New
87 Pacifica Partners Inc. 0.01% of their portfolio SURREY, Z4 590590 $32.9k $32.9k 0.01% Reduced -100 -100
88 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 468468 $26.8k $26.8k 0.00% Reduced -141 -141
89 BlackRock Inc. 0.00% of their portfolio New York, NY 456456 $26.1k $26.1k 0.00% Unchanged
90 NATIXIS 0.00% of their portfolio PARIS, I0 140140 $8.0k $8.0k 0.00% Added +26 +26
91 Hillsdale Investment Management Inc. 0.00% of their portfolio Toronto, A6 9090 $5.1k $5.1k 0.00% Unchanged
92 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged