GRANITE REAL ESTATE INVT TR GRTUF
TR UNIT NEW · REIT · CUSIP 387437205
- SectorReal estate
- IndustryReal Estate Investment Trusts
- 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 ($956.0k this quarter). Holder counts are more reliable. Shares outstanding: 62.7m as of 2024-12-31, 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 ≈ $46.80. Options: 3 managers hold calls ($1.3m notional), 4 hold puts ($3.3m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 2 |
| Q4 2024 | 91 |
| Q1 2025 | 101 |
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 2024 | 90 | 0 |
| Q1 2025 | 54 | 35 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $0 | $0 | — |
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $1.3m | $7.6m | 5.72 |
| Q1 2025 | $1.3m | $3.3m | 2.50 |
Biggest buyers
| ACADIAN ASSET MANAGEMENT LLC | New | +207.4k |
| GOLDMAN SACHS GROUP INC | Added | +195.4k |
| INTACT INVESTMENT MANAGEMENT INC. | Added | +163.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +163.5k |
| Man Group plc | Added | +157.5k |
| CIBC Asset Management Inc | Added | +150.3k |
| CIBC WORLD MARKET INC. | Added | +92.5k |
| AGF MANAGEMENT LTD | Added | +80.5k |
| Genus Capital Management Inc. | New | +75.2k |
| 1832 Asset Management L.P. | Added | +71.0k |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -3.5m |
| FIL Ltd | Reduced | -700.6k |
| Alberta Investment Management Corp | Reduced | -135.9k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -99.1k |
| Hillsdale Investment Management Inc. | Reduced | -97.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -72.2k |
| Quadrature Capital Ltd | Sold out | -48.9k |
| MORGAN STANLEY | Reduced | -43.3k |
| TD Asset Management Inc | Reduced | -28.3k |
| Forge First Asset Management Inc. | Reduced | -27.5k |
Biggest calls
| SIG North Trading, ULC | Added | $1.3m27.5k shares |
| BANK OF MONTREAL /CAN/ | New | $46.6k1.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIG North Trading, ULC | Added | $1.8m37.8k shares |
| ROYAL BANK OF CANADA | New | $1.5m32.9k shares |
| BANK OF MONTREAL /CAN/ | New | $28.0k600 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 |
|---|---|
| BANK OF MONTREAL /CAN/ 13G · institution filed 2025-08-06 | 7.2% |
| ROYAL BANK OF CANADA 13G · institution new · filed 2025-12-02 | 5.5% |
Insider purchases and sales in Q1 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 Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| 1832 Asset Management L.P. 0.46% of their portfolio | 5.1m $238.4m | Added +71.0k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 4.4m $206.5m | Added +65.1k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 3.7m $172.7m | Added +15.8k |
| CIBC Asset Management Inc 0.57% of their portfolio | 3.7m $172.0m | Added +150.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.9m $133.8m | Added +29.6k |
| MACKENZIE FINANCIAL CORP 0.11% of their portfolio | 1.7m $80.3m | Reduced -3.5m |
| AGF MANAGEMENT LTD 0.40% of their portfolio | 1.6m $75.1m | Added +80.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.26% of their portfolio | 1.3m $60.2m | Reduced -99.1k |
| FIL Ltd 0.04% of their portfolio | 959.3k $44.7m | Reduced -700.6k |
| NORGES BANK 0.01% of their portfolio | 798.6k $37.2m | Unchanged |
| INTACT INVESTMENT MANAGEMENT INC. 1.26% of their portfolio | 788.1k $36.7m | Added +163.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 644.8k $30.2m | Reduced -7.4k |
| CIBC WORLD MARKET INC. 0.06% of their portfolio | 580.5k $27.1m | Added +92.5k |
| TD Waterhouse Canada Inc. 0.17% of their portfolio | 438.4k $20.3m | Added +27.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 421.1k $19.7m | Added +163.5k |
| Legal & General Group Plc 0.00% of their portfolio | 355.2k $16.6m | Added +10.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 338.1k $15.8m | Reduced -72.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 331.1k $15.5m | Added +195.4k |
| Cardinal Capital Management, Inc. 0.50% of their portfolio | 315.6k $14.7m | Reduced -790 |
| Man Group plc 0.04% of their portfolio | 287.5k $13.4m | Added +157.5k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.16% of their portfolio | 266.1k $12.4m | Reduced -19.1k |
| GUARDIAN CAPITAL LP 0.48% of their portfolio | 262.7k $12.2m | Reduced -12.5k |
| TD Asset Management Inc 0.01% of their portfolio | 260.9k $12.2m | Reduced -28.3k |
| APG Asset Management US Inc. 0.09% of their portfolio | 250.0k $11.6m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 207.4k $9.7m | New |
| CIDEL ASSET MANAGEMENT INC 0.60% of their portfolio | 197.0k $9.2m | Reduced -6.1k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 152.3k $7.1m | Added +38.2k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 147.8k $6.9m | Added +4.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 142.4k $6.6m | Reduced -2.8k |
| SCOTIA CAPITAL INC. 0.03% of their portfolio | 138.3k $6.4m | Reduced -2.3k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 129.3k $6.0m | Added +10.5k |
| Cumberland Partners Ltd 0.44% of their portfolio | 122.2k $5.7m | Added +9.8k |
| Invesco Ltd. 0.00% of their portfolio | 118.4k $5.5m | Added +19.7k |
| Anson Funds Management LP 1.15% of their portfolio | 104.1k $4.8m | Reduced -25.4k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.60% of their portfolio | 101.4k $4.7m | Not comparable |
| Forge First Asset Management Inc. 1.98% of their portfolio | 95.8k $4.5m | Reduced -27.5k |
| Baskin Financial Services Inc. 0.36% of their portfolio | 95.3k $4.4m | Reduced -4.1k |
| Federation des caisses Desjardins du Quebec 0.02% of their portfolio | 95.2k $4.4m | Reduced -19.2k |
| MORGAN STANLEY 0.00% of their portfolio | 94.5k $4.4m | Reduced -43.3k |
| NICOLA WEALTH MANAGEMENT LTD. 0.41% of their portfolio | 90.5k $4.2m | Reduced -20.0k |
| Aviso Financial Inc. 0.20% of their portfolio | 86.4k $4.0m | Reduced -20.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 85.2k $4.0m | Added +256 |
| Gold Investment Management Ltd. 1.64% of their portfolio | 83.5k $3.9m | Added +4.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 81.1k $3.8m | Unchanged |
| Addenda Capital Inc. 0.19% of their portfolio | 76.2k $5.1m | Reduced -3.9k |
| Genus Capital Management Inc. 0.51% of their portfolio | 75.2k $3.5m | New |
| Swiss National Bank 0.00% of their portfolio | 63.5k $3.0m | Unchanged |
| Tacita Capital Inc 1.79% of their portfolio | 53.4k $2.5m | Added +5.7k |
| Alberta Investment Management Corp 0.02% of their portfolio | 51.0k $2.4m | Reduced -135.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 47.6k $2.2m | Added +2.7k |
| Canoe Financial LP 0.03% of their portfolio | 43.6k $2.0m | Reduced -6.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 43.1k $2.0m | Reduced -500 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 43.0k $2.0m | Added +4.8k |
| Burgundy Asset Management Ltd. 0.02% of their portfolio | 39.7k $1.9m | New |
| BARCLAYS PLC 0.00% of their portfolio | 37.4k $1.8m | Added +12.6k |
| Amundi 0.00% of their portfolio | 37.1k $1.7m | Added +2.5k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 35.5k $2.4m | New |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 35.1k $1.6m | Added +6.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 33.9k $1.6m | Added +23.3k |
| Huber Capital Management LLC 0.25% of their portfolio | 28.3k $1.3m | Added +3.0k |
| Nuveen, LLC 0.00% of their portfolio | 27.5k $1.3m | First filing |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 26.3k $1.2m | Reduced -19.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 22.2k $1.0m | Added +6.5k |
| SIG North Trading, ULC 0.21% of their portfolio | 21.5k $1.0m | Added +16.1k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 20.5k $956.0k | Added +6.2k |
| Versor Investments LP 0.15% of their portfolio | 19.2k $894.7k | Added +9.7k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 18.4k $858.3k | Reduced -25.8k |
| UniSuper Management Pty Ltd 0.01% of their portfolio | 17.9k $1.2m | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 17.5k $814.4k | Added +1.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 16.4k $781.1k | Added +1.1k |
| UBS Group AG 0.00% of their portfolio | 16.2k $759.7k | Added +13.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 13.2k $615.5k | Added +555 |
| Beverly Hills Private Wealth, LLC 0.12% of their portfolio | 12.6k $591.0k | New |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 12.6k $586.0k | Added +503 |
| PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio | 11.6k $778.7k | Reduced -2.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 11.2k $521.8k | Reduced -100 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 9.8k $651.8k | Added +2.4k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 9.7k $452.5k | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 9.4k $440.0k | Reduced -2.7k |
| BANK OF NOVA SCOTIA TRUST CO 0.04% of their portfolio | 8.7k $408.5k | Added +703 |
| Cullen Capital Management, LLC 0.00% of their portfolio | 8.2k $383.7k | New |
| Weil Company, Inc. 0.10% of their portfolio | 7.2k $338.0k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 6.8k $316.9k | Unchanged |
| Northwest & Ethical Investments L.P. 0.01% of their portfolio | 5.4k $253.3k | Added +1.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 5.4k $251.7k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 4.4k $206.2k | Reduced -5.0k |
| M&G PLC 0.00% of their portfolio | 4.0k $185.7k | New |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 3.1k $145.3k | New |
| LOUISBOURG INVESTMENTS INC. 0.03% of their portfolio | 2.4k $111.9k | New |
| CITIGROUP INC 0.00% of their portfolio | 2.2k $100.7k | Added +72 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.7k $79.2k | Unchanged |
| Employees Retirement System of Texas 0.00% of their portfolio | 1.5k $73.0k | Unchanged |
| SHELL ASSET MANAGEMENT CO 0.00% of their portfolio | 1.1k $51.0k | Reduced -200 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0k $46.8k | Reduced -4.2k |
| Pacifica Partners Inc. 0.01% of their portfolio | 590 $27.2k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 481 $22.5k | Reduced -66 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 440 $20.6k | Added +435 |
| NATIXIS 0.00% of their portfolio | 170 $7.9k | Added +21 |
| Hillsdale Investment Management Inc. 0.00% of their portfolio | 90 $4.2k | Reduced -97.7k |
| Ravenstone Capital Management Inc. 0.00% of their portfolio | 40 $1.9k | New |