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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.84. Options: 3 managers hold calls ($2.2m notional), 3 hold puts ($2.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 2 |
| Q4 2024 | 91 |
| Q1 2025 | 101 |
| Q2 2025 | 97 |
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 |
| Q2 2025 | 42 | 47 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $1.3m | $7.6m | 5.72 |
| Q1 2025 | $1.3m | $3.3m | 2.50 |
| Q2 2025 | $2.2m | $2.7m | 1.22 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +4.6m |
| BANK OF MONTREAL /CAN/ | Added | +258.6k |
| 1832 Asset Management L.P. | Added | +196.4k |
| UBS Group AG | Added | +94.0k |
| CIBC WORLD MARKET INC. | Added | +87.4k |
| INTACT INVESTMENT MANAGEMENT INC. | Added | +76.4k |
| PICTON MAHONEY ASSET MANAGEMENT | New | +29.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +27.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +24.2k |
| Man Group plc | Added | +24.1k |
Biggest sellers
| CIBC Asset Management Inc | Reduced | -581.2k |
| FIL Ltd | Reduced | -449.3k |
| AGF MANAGEMENT LTD | Reduced | -257.4k |
| Balyasny Asset Management L.P. | Sold out | -152.3k |
| Anson Funds Management LP | Sold out | -104.1k |
| Forge First Asset Management Inc. | Sold out | -95.8k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -94.6k |
| TD Waterhouse Canada Inc. | Reduced | -78.7k |
| TD Asset Management Inc | Reduced | -49.8k |
| MORGAN STANLEY | Reduced | -48.1k |
Biggest calls
| SIG North Trading, ULC | Reduced | $1.4m27.4k shares |
| TORONTO DOMINION BANK | New | $823.5k16.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIG North Trading, ULC | Reduced | $1.4m28.3k shares |
| CIBC WORLD MARKET INC. | New | $1.3m25.0k 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 Q2 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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.04% of their portfolio | 9.0m $458.5m | Added +4.6m |
| 1832 Asset Management L.P. 0.47% of their portfolio | 5.3m $268.1m | Added +196.4k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 4.0m $201.6m | Added +258.6k |
| CIBC Asset Management Inc 0.49% of their portfolio | 3.1m $157.4m | Reduced -581.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.9m $147.0m | Added +22.2k |
| MACKENZIE FINANCIAL CORP 0.11% of their portfolio | 1.7m $86.1m | Reduced -30.0k |
| AGF MANAGEMENT LTD 0.31% of their portfolio | 1.4m $68.9m | Reduced -257.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.23% of their portfolio | 1.3m $63.9m | Reduced -34.3k |
| INTACT INVESTMENT MANAGEMENT INC. 1.49% of their portfolio | 864.5k $43.9m | Added +76.4k |
| NORGES BANK 0.01% of their portfolio | 798.6k $40.6m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 669.1k $33.9m | Added +24.2k |
| CIBC WORLD MARKET INC. 0.08% of their portfolio | 667.9k $34.0m | Added +87.4k |
| FIL Ltd 0.02% of their portfolio | 510.0k $25.9m | Reduced -449.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 448.8k $22.8m | Added +27.8k |
| TD Waterhouse Canada Inc. 0.13% of their portfolio | 359.7k $18.1m | Reduced -78.7k |
| Legal & General Group Plc 0.00% of their portfolio | 354.7k $18.0m | Reduced -588 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 335.9k $17.0m | Reduced -2.1k |
| Cardinal Capital Management, Inc. 0.50% of their portfolio | 315.2k $16.0m | Reduced -405 |
| Man Group plc 0.03% of their portfolio | 311.6k $15.8m | Added +24.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 300.0k $15.2m | Reduced -31.2k |
| GUARDIAN CAPITAL LP 0.49% of their portfolio | 274.5k $13.9m | Added +11.8k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.14% of their portfolio | 254.6k $12.9m | Reduced -11.5k |
| APG Asset Management US Inc. 0.09% of their portfolio | 250.0k $12.7m | Unchanged |
| TD Asset Management Inc 0.01% of their portfolio | 211.1k $10.7m | Reduced -49.8k |
| CIDEL ASSET MANAGEMENT INC 0.60% of their portfolio | 197.4k $10.0m | Added +427 |
| SCOTIA CAPITAL INC. 0.04% of their portfolio | 153.6k $7.8m | Added +15.3k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 146.2k $7.4m | Reduced -1.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 144.3k $7.3m | Added +1.8k |
| Invesco Ltd. 0.00% of their portfolio | 140.4k $7.1m | Added +22.0k |
| Cumberland Partners Ltd 0.43% of their portfolio | 123.2k $6.2m | Added +960 |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 118.9k $6.0m | Reduced -10.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 112.8k $5.7m | Reduced -94.6k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.63% of their portfolio | 112.1k $5.7m | Added +10.8k |
| UBS Group AG 0.00% of their portfolio | 110.2k $5.6m | Added +94.0k |
| Federation des caisses Desjardins du Quebec 0.02% of their portfolio | 96.2k $4.9m | Added +1.1k |
| NICOLA WEALTH MANAGEMENT LTD. 0.43% of their portfolio | 90.5k $4.6m | Unchanged |
| Aviso Financial Inc. 0.20% of their portfolio | 89.2k $4.5m | Added +2.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 86.1k $4.4m | Added +868 |
| Baskin Financial Services Inc. 0.32% of their portfolio | 83.7k $4.2m | Reduced -11.7k |
| Gold Investment Management Ltd. 1.59% of their portfolio | 83.1k $4.2m | Reduced -398 |
| Addenda Capital Inc. 0.19% of their portfolio | 76.9k $5.3m | Added +690 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 63.8k $3.3m | Reduced -17.3k |
| Swiss National Bank 0.00% of their portfolio | 63.5k $3.2m | Unchanged |
| Tacita Capital Inc 1.80% of their portfolio | 55.1k $2.8m | Added +1.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 52.0k $2.6m | Added +4.4k |
| Alberta Investment Management Corp 0.02% of their portfolio | 51.0k $2.6m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 46.4k $2.4m | Reduced -48.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 43.1k $2.2m | Unchanged |
| Burgundy Asset Management Ltd. 0.02% of their portfolio | 40.7k $2.1m | Added +997 |
| Genus Capital Management Inc. 0.26% of their portfolio | 39.7k $2.0m | Reduced -35.5k |
| Canoe Financial LP 0.03% of their portfolio | 39.3k $2.0m | Reduced -4.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 38.2k $1.9m | Reduced -4.8k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 37.2k $1.9m | Added +2.1k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 35.5k $2.5m | Added +14 |
| TORONTO DOMINION BANK 0.00% of their portfolio | 33.0k $1.7m | Added +12.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 32.5k $1.6m | Added +14.1k |
| Amundi 0.00% of their portfolio | 31.1k $1.6m | Reduced -6.0k |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 29.8k $1.5m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 28.7k $1.5m | Added +23.3k |
| Huber Capital Management LLC 0.23% of their portfolio | 26.3k $1.3m | Reduced -1.9k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 26.1k $1.3m | Reduced -200 |
| Nuveen, LLC 0.00% of their portfolio | 22.6k $1.1m | Reduced -4.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 21.8k $1.1m | Reduced -430 |
| UniSuper Management Pty Ltd 0.01% of their portfolio | 17.9k $1.2m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 16.6k $851.7k | Added +111 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 16.2k $822.0k | Reduced -1.3k |
| Hillsdale Investment Management Inc. 0.03% of their portfolio | 16.0k $813.4k | Added +15.9k |
| Beverly Hills Private Wealth, LLC 0.15% of their portfolio | 15.3k $776.8k | Added +2.7k |
| Versor Investments LP 0.12% of their portfolio | 13.8k $703.2k | Reduced -5.4k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 13.8k $700.0k | Added +1.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 13.3k $673.9k | Added +57 |
| SIG North Trading, ULC 0.14% of their portfolio | 12.4k $629.8k | Reduced -9.1k |
| Cullen Capital Management, LLC 0.01% of their portfolio | 12.3k $622.7k | Added +4.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 11.6k $590.1k | Reduced -22.3k |
| Cambria Investment Management, L.P. 0.03% of their portfolio | 9.8k $498.9k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 9.3k $638.2k | Reduced -500 |
| BANK OF NOVA SCOTIA TRUST CO 0.04% of their portfolio | 8.8k $447.7k | Added +107 |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 8.8k $444.3k | Reduced -900 |
| BARCLAYS PLC 0.00% of their portfolio | 8.8k $444.2k | Reduced -28.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 7.9k $400.5k | Reduced -3.3k |
| Weil Company, Inc. 0.10% of their portfolio | 7.2k $365.9k | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 6.9k $348.8k | Reduced -2.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 6.8k $343.2k | Unchanged |
| Northwest & Ethical Investments L.P. 0.01% of their portfolio | 5.4k $275.9k | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 4.0k $201.9k | New |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 2.5k $127.1k | Reduced -600 |
| LOUISBOURG INVESTMENTS INC. 0.03% of their portfolio | 2.4k $121.7k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 1.7k $87.3k | Reduced -441 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7k $84.6k | Added +669 |
| SHELL ASSET MANAGEMENT CO 0.00% of their portfolio | 1.1k $56.0k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.0k $50.7k | Reduced -691 |
| Pacifica Partners Inc. 0.01% of their portfolio | 590 $29.8k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 481 $24.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 444 $22.6k | Added +4 |
| NATIXIS 0.00% of their portfolio | 170 $8.6k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 103 $5.2k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |