OR ROYALTIES INC. OR
COM SHS · Common Stock · CUSIP 68390D106
- SectorMaterials
- IndustryGold and Silver Ores
- 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 ($10.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.82. Options: 17 managers hold calls ($20.1m notional), 14 hold puts ($12.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 1 |
| Q2 2025 | 186 |
| Q3 2025 | 204 |
| Q4 2025 | 220 |
| Q1 2026 | 250 |
| Q2 2026 | 243 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2025 | 183 | 1 |
| Q3 2025 | 106 | 92 |
| Q4 2025 | 106 | 99 |
| Q1 2026 | 137 | 102 |
| Q2 2026 | 112 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $38.9m | $9.1m | 0.23 |
| Q4 2025 | $106.7m | $15.4m | 0.14 |
| Q1 2026 | $98.5m | $22.9m | 0.23 |
| Q2 2026 | $20.1m | $12.9m | 0.64 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +650.0k |
| Verbena Value LP | Added | +628.8k |
| VAN ECK ASSOCIATES CORP | Added | +615.0k |
| Tidal Investments LLC | Added | +581.0k |
| Invesco Ltd. | Added | +507.2k |
| T. Rowe Price Investment Management, Inc. | Added | +375.8k |
| BANK OF MONTREAL /CAN/ | Added | +368.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +342.9k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +322.5k |
| D. E. Shaw & Co., Inc. | Added | +238.9k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.4m |
| FMR LLC | Reduced | -1.3m |
| EdgePoint Investment Group Inc. | Reduced | -1.1m |
| CITADEL ADVISORS LLC | Reduced | -891.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Sold out | -660.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -630.6k |
| Nuveen, LLC | Reduced | -579.9k |
| Amundi | Reduced | -461.1k |
| Qube Research & Technologies Ltd | Reduced | -442.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $3.0m95.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9m92.7k shares |
| SIG North Trading, ULC | Added | $2.7m85.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.0m61.9k shares |
| Tidal Investments LLC | New | $1.9m59.6k shares |
| IMC-Chicago, LLC | Added | $1.6m51.9k shares |
| Anson Funds Management LP | Reduced | $1.6m50.0k shares |
| ROYAL BANK OF CANADA | Reduced | $1.3m40.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $955.2k30.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $942.6k29.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.7m116.5k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $2.1m65.3k shares |
| JANE STREET GROUP, LLC | Added | $1.4m43.9k shares |
| IMC-Chicago, LLC | Added | $1.3m40.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m34.6k shares |
| PEAK6 LLC | New | $651.6k20.6k shares |
| SIMPLEX TRADING, LLC | Added | $509.2k16.1k shares |
| SIG North Trading, ULC | Reduced | $436.5k13.8k shares |
| GROUP ONE TRADING LLC | Added | $430.2k13.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $408.0k12.9k 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 |
|---|---|
| EdgePoint Investment Group Inc. 13G · institution filed 2026-05-15 | 10.4% |
| BlackRock Portfolio Management LLC 13G · institution +1.1 pts · filed 2026-10-27 | 9.1% |
| VAN ECK ASSOCIATES CORP 13G · institution -1.3 pts · filed 2026-05-15 | 5.7% |
Fell to 5% or below in the last year: T. Rowe Price Investment Management, Inc. (3.4%, 2026-02-17)
Insider purchases and sales since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| EdgePoint Investment Group Inc. 4.39% of their portfolio | 18.4m $581.0m | Reduced -1.1m |
| VAN ECK ASSOCIATES CORP 0.21% of their portfolio | 11.1m $350.6m | Added +615.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 8.0m $251.6m | Reduced -1.4m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.28% of their portfolio | 7.3m $230.9m | Added +235.8k |
| T. Rowe Price Investment Management, Inc. 0.14% of their portfolio | 6.7m $211.5m | Added +375.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.5m $175.4m | Added +51.2k |
| Tidal Investments LLC 0.25% of their portfolio | 3.3m $104.7m | Added +581.0k |
| Elliott Investment Management L.P. 0.69% of their portfolio | 3.1m $98.4m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.90% of their portfolio | 3.1m $97.6m | Reduced -249.1k |
| Invesco Ltd. 0.01% of their portfolio | 2.6m $83.2m | Added +507.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.6m $81.6m | Reduced -114.6k |
| Caisse de depot et placement du Quebec 0.12% of their portfolio | 2.6m $81.4m | Added +186.6k |
| NORGES BANK 0.01% of their portfolio | 2.5m $79.1m | Not comparable |
| SPROTT INC. 2.55% of their portfolio | 2.4m $77.1m | Added +75.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.0m $64.3m | Added +135.5k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 2.0m $64.2m | Reduced -363.2k |
| FMR LLC 0.00% of their portfolio | 2.0m $62.2m | Reduced -1.3m |
| Verbena Value LP 10.05% of their portfolio | 1.9m $60.8m | Added +628.8k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.69% of their portfolio | 1.9m $60.6m | Added +161.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio | 1.9m $58.8m | Reduced -74.6k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.8m $57.9m | Added +368.5k |
| MACKENZIE FINANCIAL CORP 0.08% of their portfolio | 1.8m $81.7m | Reduced -244.7k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.7m $52.7m | Reduced -386 |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.6m $50.4m | Added +192.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.5m $48.8m | Reduced -2.1m |
| Capital World Investors 0.01% of their portfolio | 1.5m $46.3m | Added +12.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $35.9m | Added +125.6k |
| Euro Pacific Asset Management, LLC 3.59% of their portfolio | 1.0m $31.6m | Added +2.5k |
| TD Asset Management Inc 0.03% of their portfolio | 944.7k $29.9m | Added +49.7k |
| Verition Fund Management LLC 0.19% of their portfolio | 837.5k $26.5m | Reduced -21.1k |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.89% of their portfolio | 832.7k $26.3m | Reduced -7.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 758.4k $24.0m | Added +80.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 754.3k $23.9m | Reduced -29.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 753.8k $23.8m | Added +650.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 698.9k $22.1m | Reduced -442.0k |
| Amundi 0.01% of their portfolio | 690.0k $21.8m | Reduced -461.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 654.3k $20.7m | Added +18.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 640.3k $20.3m | Reduced -891.2k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 626.9k $19.9m | Added +35.6k |
| U S GLOBAL INVESTORS INC 1.77% of their portfolio | 580.7k $18.4m | Added +46.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 557.1k $17.6m | Reduced -194.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 530.8k $16.8m | Reduced -630.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 425.4k $13.5m | Added +3.1k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 414.3k $13.1m | Added +129.8k |
| Federation des caisses Desjardins du Quebec 0.04% of their portfolio | 397.0k $12.3m | Added +7.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 381.3k $12.1m | Reduced -41.1k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.08% of their portfolio | 378.8k $12.0m | Added +218.5k |
| Boston Partners 0.01% of their portfolio | 375.9k $11.7m | Reduced -10.5k |
| Swiss National Bank 0.01% of their portfolio | 368.7k $11.6m | Reduced -5.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 342.9k $10.9m | New |
| TORONTO DOMINION BANK 0.02% of their portfolio | 334.2k $10.6m | Added +51.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 334.0k $10.6m | Added +322.5k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 330.6k $10.5m | Added +36.9k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 323.7k $10.2m | Added +200 |
| Extract Advisors LLC 6.44% of their portfolio | 295.3k $9.3m | Added +140.0k |
| CIBC Asset Management Inc 0.02% of their portfolio | 281.8k $8.9m | Added +8.2k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 251.1k $7.9m | Added +238.9k |
| Prescott Group Capital Management, L.L.C. 0.68% of their portfolio | 248.0k $7.8m | Unchanged |
| Cannell & Spears LLC 0.14% of their portfolio | 243.5k $7.7m | Unchanged |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.12% of their portfolio | 236.7k $7.5m | Reduced -17.9k |
| MANNING & NAPIER ADVISORS LLC 0.09% of their portfolio | 234.1k $7.4m | Reduced -141.8k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 228.7k $7.2m | Reduced -4.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 228.1k $7.3m | Added +88.1k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 227.0k $7.0m | Added +8.2k |
| Knoll Capital Management, LLC 3.97% of their portfolio | 225.0k $7.1m | Unchanged |
| TD Waterhouse Canada Inc. 0.02% of their portfolio | 221.1k $7.0m | Reduced -2.3k |
| GLOBAL STRATEGIC MANAGEMENT INC 5.20% of their portfolio | 213.0k $6.7m | Added +1.5k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 209.0k $6.6m | Added +105.5k |
| BARCLAYS PLC 0.00% of their portfolio | 207.4k $6.6m | Added +89.8k |
| Groupe la Francaise 0.08% of their portfolio | 205.0k $6.5m | Added +5.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 198.2k $6.3m | Reduced -73.7k |
| Nuveen, LLC 0.00% of their portfolio | 197.9k $6.3m | Reduced -579.9k |
| Oxbow Advisors, LLC 0.50% of their portfolio | 194.7k $6.2m | Added +98.2k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 193.2k $6.1m | Reduced -1.7k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 186.4k $5.9m | Added +90.5k |
| SummitTX Capital, L.P. 0.15% of their portfolio | 185.7k $5.9m | Added +6.6k |
| Legal & General Group Plc 0.00% of their portfolio | 183.7k $5.8m | Reduced -8.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 172.3k $5.5m | Reduced -4.7k |
| LOUISBOURG INVESTMENTS INC. 0.99% of their portfolio | 169.4k $5.4m | Reduced -52.3k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio | 168.9k $5.3m | Added +26.8k |
| BARD ASSOCIATES INC 1.14% of their portfolio | 161.8k $5.1m | Reduced -2.0k |
| UBS Group AG 0.00% of their portfolio | 161.5k $5.1m | Reduced -85.8k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 158.5k $5.0m | Unchanged |
| Lane Generational LLC 4.24% of their portfolio | 152.7k $4.8m | Reduced -38.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 149.9k $4.7m | Reduced -970 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 137.8k $4.4m | Reduced -58.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 131.0k $4.1m | Reduced -1.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 130.0k $4.1m | Added +11.9k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 120.5k $3.8m | Added +104.1k |
| ALPS ADVISORS INC 0.02% of their portfolio | 120.4k $3.8m | Added +15.3k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 118.2k $3.7m | Reduced -73.7k |
| Jupiter Topco LLC 0.00% of their portfolio | 113.3k $3.6m | First filing |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 112.2k $3.6m | Added +27.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 103.7k $3.3m | Unchanged |
| RICE HALL JAMES & ASSOCIATES, LLC 0.15% of their portfolio | 98.5k $3.1m | Reduced -5.3k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 98.5k $3.1m | Reduced -10.8k |
| McAlvany Wealth Management LLC 2.08% of their portfolio | 88.0k $2.8m | Added +8.7k |
| Bridgewater Associates, LP 0.01% of their portfolio | 84.7k $2.7m | Reduced -8.8k |
| K2 PRINCIPAL FUND, L.P. 0.23% of their portfolio | 80.0k $2.5m | Unchanged |
| Canoe Financial LP 0.03% of their portfolio | 79.7k $2.5m | Added +27.2k |