Vault-13

ORLA MNG LTD NEW OLA

COM · Common Stock · CUSIP 68634K106 · ISIN CA68634K1066

147 institutional holders +12 vs Q1 2025
179,715,306179.7m shares reported held*
$1.8bnreported value*
30 new 52 added 43 reduced 18 sold out net bought ≈ $188.7m (+18.8m 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 ($53.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.99. Options: 12 managers hold calls ($12.7m notional), 7 hold puts ($4.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 68Q4 22: 70Q1 23: 84Q2 23: 77Q3 23: 84Q4 23: 82Q1 24: 74Q2 24: 85Q3 24: 103Q4 24: 111Q1 25: 135Q2 25: 147147Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202268
Q4 202270
Q1 202384
Q2 202377
Q3 202384
Q4 202382
Q1 202474
Q2 202485
Q3 2024103
Q4 2024111
Q1 2025135
Q2 2025147

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 37 bought or addedQ3 23: 35 cut or sold outQ4 23: 55 bought or addedQ4 23: 40 cut or sold outQ4 23Q1 24: 31 bought or addedQ1 24: 46 cut or sold outQ2 24: 43 bought or addedQ2 24: 29 cut or sold outQ2 24Q3 24: 61 bought or addedQ3 24: 29 cut or sold outQ4 24: 62 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 85 bought or addedQ1 25: 40 cut or sold outQ2 25: 82 bought or addedQ2 25: 61 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233735
Q4 20235540
Q1 20243146
Q2 20244329
Q3 20246129
Q4 20246238
Q1 20258540
Q2 20258261

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 24 calls: $2.0mQ3 24 puts: $95.6kQ3 24P/C 0.05Q4 24 calls: $2.2mQ4 24 puts: $117.2kQ4 24P/C 0.05Q1 25 calls: $6.1mQ1 25 puts: $134.2kQ1 25P/C 0.02Q2 25 calls: $12.7mQ2 25 puts: $4.4mQ2 25P/C 0.34
Numbers
QuarterCallsPutsP/C
Q3 2024$2.0m$95.6k0.05
Q4 2024$2.2m$117.2k0.05
Q1 2025$6.1m$134.2k0.02
Q2 2025$12.7m$4.4m0.34

Biggest buyers

VAN ECK ASSOCIATES CORP Added +8,600,816+8.6m
FMR LLC Added +3,592,820+3.6m
ROYAL BANK OF CANADA Added +3,127,572+3.1m
UBS Group AG Added +1,320,151+1.3m
Connor, Clark & Lunn Investment Management Ltd. Added +1,296,774+1.3m
MORGAN STANLEY Added +724,171+724.2k
Fiera Capital Corp New +656,792+656.8k
Invesco Ltd. New +588,031+588.0k
GROUPAMA ASSET MANAGMENT New +559,616+559.6k
GABELLI FUNDS LLC Added +525,800+525.8k

Biggest sellers

Hillsdale Investment Management Inc. Reduced -2,404,786-2.4m
First Eagle Investment Management, LLC Reduced -1,188,239-1.2m
FRANKLIN RESOURCES INC Reduced -534,511-534.5k
AlTi Global, Inc. Sold out -425,000-425.0k
BANK OF MONTREAL /CAN/ Reduced -378,025-378.0k
TUDOR INVESTMENT CORP ET AL Sold out -377,135-377.1k
CWA Asset Management Group, LLC Reduced -374,399-374.4k
U S GLOBAL INVESTORS INC Reduced -349,922-349.9k
CITADEL ADVISORS LLC Reduced -278,067-278.1k
Amundi Reduced -228,166-228.2k

Biggest calls

ROYAL BANK OF CANADA Added $5.2m520.0k shares
WELLS FARGO & COMPANY/MN New $2.4m242.5k shares
D. E. Shaw & Co., Inc. Unchanged $1.0m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m100.1k shares
PEAK6 LLC New $984.0k98.2k shares
CITADEL ADVISORS LLC Added $691.4k69.0k shares
WOLVERINE TRADING, LLC New $434.5k45.4k shares
SIMPLEX TRADING, LLC Reduced $384.0k38.4k shares
SIG North Trading, ULC Added $215.4k21.5k shares
GROUP ONE TRADING LLC Reduced $209.4k20.9k shares

Biggest puts

D. E. Shaw & Co., Inc. New $3.0m300.0k shares
CITADEL ADVISORS LLC Added $677.4k67.6k shares
GROUP ONE TRADING LLC Added $454.9k45.4k shares
SIMPLEX TRADING, LLC Added $110.0k11.0k shares
TORONTO DOMINION BANK New $100.5k10.0k shares
HAP Trading, LLC New $50718.9k 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.

HolderStakeChangeShares Last filed
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 13G · passive investor -0.5 pts · filed 2025-12-11 19.8% -0.5 pts 76.0m≈ $743.6m 2025-12-11
VAN ECK ASSOCIATES CORP 13G · institution new · filed 2026-02-13 5.7% new 19.4m≈ $189.7m 2026-02-13

Fell to 5% or below in the last year: FMR LLC (0.0%, 2026-09-08)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 29.90% of their portfolio TORONTO, A6 56,817,22956.8m $559.6m $559.6m 29.90% Unchanged
2 FMR LLC 0.02% of their portfolio BOSTON, MA 37,389,08637.4m $375.6m $375.6m 0.02% Added +3.6m +3,592,820
3 VAN ECK ASSOCIATES CORP 0.17% of their portfolio NEW YORK, NY 14,823,29914.8m $148.5m $148.5m 0.17% Added +8.6m +8,600,816
4 First Eagle Investment Management, LLC 0.14% of their portfolio NEW YORK, NY 6,852,7066.9m $68.9m $68.9m 0.14% Reduced -1.2m -1,188,239
5 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 6,433,2346.4m $64.7m $64.7m 0.02% Reduced -534.5k -534,511
6 Merk Investments LLC 25.24% of their portfolio PALO ALTO, CA 6,200,0006.2m $62.1m $62.1m 25.24% Unchanged
7 Connor, Clark & Lunn Investment Management Ltd. 0.18% of their portfolio VANCOUVER, A1 5,139,7745.1m $51.7m $51.7m 0.18% Added +1.3m +1,296,774
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,753,0204.8m $47.6m $47.6m 0.00% Added +3.1m +3,127,572
9 Amundi 0.01% of their portfolio Paris, I0 3,483,2153.5m $35.0m $35.0m 0.01% Reduced -228.2k -228,166
10 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 2,717,3802.7m $27.2m $27.2m 0.02% Reduced -63.6k -63,566
11 CWA Asset Management Group, LLC 1.08% of their portfolio NAPLES, FL 2,543,6412.5m $25.5m $25.5m 1.08% Reduced -374.4k -374,399
12 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,878,4671.9m $18.9m $18.9m 0.01% Reduced -378.0k -378,025
13 Hillsdale Investment Management Inc. 0.69% of their portfolio Toronto, A6 1,871,2791.9m $18.8m $18.8m 0.69% Reduced -2.4m -2,404,786
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,604,5591.6m $16.1m $16.1m 0.00% Added +724.2k +724,171
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,545,7081.5m $15.5m $15.5m 0.00% Added +1.3m +1,320,151
16 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 1,282,4721.3m $12.9m $12.9m 0.01% Added +39.0k +39,017
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,270,6221.3m $12.7m $12.7m 0.00% Added +209.2k +209,167
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,216,3541.2m $12.2m $12.2m 0.01% Reduced -83.6k -83,646
19 Goehring & Rozencwajg Associates, LLC 1.81% of their portfolio NEW YORK, NY 1,176,3491.2m $11.8m $11.8m 1.81% Reduced -221.4k -221,404
20 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,084,0191.1m $10.9m $10.9m 0.00% Added +100.4k +100,419
21 GABELLI FUNDS LLC 0.07% of their portfolio Rye, NY 1,025,8001.0m $10.3m $10.3m 0.07% Added +525.8k +525,800
22 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 830,293830.3k $8.3m $8.3m 0.01% Added +236.1k +236,116
23 Groupe la Francaise 0.12% of their portfolio PARIS, I0 750,000750.0k $7.5m $7.5m 0.12% Reduced -50.0k -50,000
24 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio Stamford, CT 741,859741.9k $7.5m $7.5m 0.05% Added +113.8k +113,769
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 738,852738.9k $7.4m $7.4m 0.00% Added +288.3k +288,298
26 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 722,400722.4k $7.2m $7.2m 0.01% Added +382.4k +382,400
27 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 661,649661.6k $6.6m $6.6m 0.01% Added +268.4k +268,381
28 Fiera Capital Corp 0.02% of their portfolio MONTREAL, A8 656,792656.8k $6.6m $6.6m 0.02% New
29 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 607,000607.0k $6.1m $6.1m 0.01% Added +103.0k +103,000
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 588,031588.0k $5.9m $5.9m 0.00% New
31 GROUPAMA ASSET MANAGMENT 0.12% of their portfolio PARIS, I0 559,616559.6k $7.3m $7.3m 0.12% New
32 INTACT INVESTMENT MANAGEMENT INC. 0.17% of their portfolio MONTREAL, A8 508,729508.7k $5.1m $5.1m 0.17% Reduced -100.2k -100,200
33 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 506,047506.0k $5.1m $5.1m 0.00% Added +66.0k +65,988
34 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 493,815493.8k $4.9m $4.9m 0.01% Added +21.6k +21,623
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 482,145482.1k $4.8m $4.8m 0.00% Added +476.1k +476,083
36 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 467,851467.9k $4.7m $4.7m 0.02% New
37 Swiss National Bank 0.00% of their portfolio ZURICH, V8 434,100434.1k $4.3m $4.3m 0.00% Reduced -3.9k -3,900
38 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 427,135427.1k $4.3m $4.3m 0.01% Added +178.3k +178,300
39 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 416,179416.2k $4.2m $4.2m 0.00% Added +359.8k +359,779
40 Legal & General Group Plc 0.00% of their portfolio London, X0 385,447385.4k $3.9m $3.9m 0.00% Reduced -46.5k -46,471
41 PICTON MAHONEY ASSET MANAGEMENT 0.05% of their portfolio Toronto, A6 329,364329.4k $3.3m $3.3m 0.05% New
42 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 316,166316.2k $3.2m $3.2m 0.00% New
43 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 313,436313.4k $3.1m $3.1m 0.00% Added +313.1k +313,062
44 CIBC Asset Management Inc 0.01% of their portfolio TORONTO, Z4 306,200306.2k $3.1m $3.1m 0.01% Reduced -59.6k -59,566
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 301,649301.6k $3.0m $3.0m 0.00% Reduced -278.1k -278,067
46 LOUISBOURG INVESTMENTS INC. 0.70% of their portfolio DIEPPE, A3 294,900294.9k $3.0m $3.0m 0.70% New
47 SPROTT INC. 0.14% of their portfolio TORONTO, A6 277,476277.5k $2.8m $2.8m 0.14% Reduced -3.4k -3,400
48 PCJ Investment Counsel Ltd. 0.91% of their portfolio TORONTO, A6 266,250266.2k $2.7m $2.7m 0.91% Added +119.6k +119,620
49 Man Group plc 0.01% of their portfolio LONDON, X0 250,267250.3k $2.5m $2.5m 0.01% New
50 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 225,524225.5k $2.3m $2.3m 0.00% Reduced -49.7k -49,661
51 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 223,284223.3k $2.2m $2.2m 0.00% Reduced -29.1k -29,070
52 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 217,600217.6k $2.1m $2.1m 0.01% Reduced -1.5k -1,522
53 EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio CHAMBESY, V8 192,299192.3k $1.9m $1.9m 0.03% Added +27.7k +27,664
54 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 188,295188.3k $1.9m $1.9m 0.00% Unchanged
55 GeoSphere Capital Management, LLC 1.85% of their portfolio MIAMI BEACH, FL 180,942180.9k $1.8m $1.8m 1.85% Unchanged
56 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 169,844169.8k $1.7m $1.7m 0.00% Reduced -12.2k -12,158
57 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 159,729159.7k $1.6m $1.6m 0.00% Reduced -6.7k -6,739
58 QUATTRO FINANCIAL ADVISORS LLC 0.54% of their portfolio The Woodlands, TX 152,115152.1k $1.5m $1.5m 0.54% Unchanged
59 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 139,849139.8k $1.4m $1.4m 0.00% Added +16.0k +16,013
60 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 134,820134.8k $1.4m $1.4m 0.00% Added +3.6k +3,586
61 Numerai GP LLC 0.19% of their portfolio SAN FRANCISCO, CA 128,613128.6k $1.3m $1.3m 0.19% Added +88.7k +88,710
62 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 127,132127.1k $1.3m $1.3m 0.01% Added +9.2k +9,153
63 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 124,405124.4k $1.3m $1.3m 0.00% Added +3.9k +3,948
64 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 123,800123.8k $1.2m $1.2m 0.00% Added +75.2k +75,200
65 Spark Investment Management LLC 3.06% of their portfolio NEW YORK, NY 111,000111.0k $1.1m $1.1m 3.06% Reduced -122.0k -122,000
66 PKO Investment Management Joint-Stock Co 0.11% of their portfolio WARSAW, R9 100,000100.0k $1.0m $1.0m 0.11% New
67 Stratos Wealth Advisors, LLC 0.05% of their portfolio BEACHWOOD, OH 89,18589.2k $893.6k $893.6k 0.05% Added +53.0k +53,000
68 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 81,50081.5k $817.0k $817.0k 0.00% Unchanged
69 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 81,05081.0k $814.8k $814.8k 0.00% Reduced -24.6k -24,628
70 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 79,26479.3k $782.0k $782.0k 0.00% Added +9.9k +9,933
71 Capula Management Ltd 0.01% of their portfolio Grand Cayman, E9 73,50073.5k $1.0m $1.0m 0.01% Not comparable
72 Ewing Morris & Co. Investment Partners Ltd. 0.32% of their portfolio TORONTO, Z4 71,00071.0k $711.8k $711.8k 0.32% Reduced -2.0k -2,000
73 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 70,30070.3k $706.7k $706.7k 0.01% Unchanged
74 Parvin Asset Management, LLC 0.70% of their portfolio SIOUX FALLS, SD 68,20068.2k $683.4k $683.4k 0.70% Added +41.9k +41,900
75 Aigen Investment Management, LP 0.12% of their portfolio NEW YORK, NY 67,83267.8k $841.7k $841.7k 0.12% Added +29.5k +29,544
76 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 67,29867.3k $674.7k $674.7k 0.00% Unchanged
77 Tacita Capital Inc 0.43% of their portfolio TORONTO, A6 66,48366.5k $667.7k $667.7k 0.43% Reduced -1.6k -1,645
78 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 66,00066.0k $1.2m $1.2m 0.01% New
79 CANTOR FITZGERALD, L. P. 0.02% of their portfolio NEW YORK, NY 62,94762.9k $630.7k $630.7k 0.02% Added +46.4k +46,447
80 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 59,81559.8k $599.7k $599.7k 0.00% Added +50.8k +50,830
81 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 57,78257.8k $579.3k $579.3k 0.00% Reduced -5.6k -5,595
82 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 53,71653.7k $530.0k $530.0k 0.00% Added +33.5k +33,519
83 Jain Global LLC 0.01% of their portfolio NEW YORK, NY 49,00049.0k $491.3k $491.3k 0.01% New
84 RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio NEW YORK, NY 48,18648.2k $482.8k $482.8k 0.01% Added +30.6k +30,598
85 BlackRock, Inc. 0.00% of their portfolio New York, NY 47,13547.1k $472.3k $472.3k 0.00% New
86 Cumberland Partners Ltd 0.03% of their portfolio TORONTO, A6 46,80046.8k $469.2k $469.2k 0.03% New
87 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 46,55746.6k $467.2k $467.2k 0.01% Added +10.1k +10,123
88 Avestar Capital, LLC 0.03% of their portfolio New York, NY 42,60042.6k $426.9k $426.9k 0.03% Unchanged
89 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 40,67040.7k $408.4k $408.4k 0.01% Reduced -54.8k -54,790
90 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 36,95437.0k $370.5k $370.5k 0.00% Reduced -1.8k -1,849
91 Merrion Investment Management Co, LLC 0.23% of their portfolio Cranford, NJ 35,40035.4k $354.7k $354.7k 0.23% New
92 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 33,60433.6k $337.0k $337.0k 0.00% Added +22.7k +22,683
93 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 33,39033.4k $334.6k $334.6k 0.00% Added +11.8k +11,790
94 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 31,72831.7k $317.9k $317.9k 0.00% New
95 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 31,50031.5k $314.8k $314.8k 0.01% Reduced -25.1k -25,100
96 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 30,05830.1k $301.4k $301.4k 0.00% Added +5.3k +5,323
97 Virtu Financial LLC 0.02% of their portfolio New York, NY 29,80229.8k $299.0k $299.0k 0.02% New
98 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 27,54327.5k $276.9k $276.9k 0.00% Added +2.2k +2,177
99 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 27,46727.5k $275.2k $275.2k 0.00% Reduced -16.3k -16,292
100 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 27,08827.1k $271.4k $271.4k 0.00% Reduced -1.6k -1,594