Vault-13

ORLA MNG LTD NEW OLA

COM · Common Stock · CUSIP 68634K106 · ISIN CA68634K1066

196 institutional holders +12 vs Q4 2025
203,830,330203.8m shares reported held*
$3.3bnreported value*
39 new 77 added 51 reduced 28 sold out net sold ≈ $67.6m (-4.2m 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 ($206.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.04. Options: 10 managers hold calls ($63.8m notional), 8 hold puts ($7.4m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 68Q4 22: 70Q1 23: 84Q2 23: 77Q3 23: 84Q4 23: 82Q1 24: 74Q2 24: 85Q3 24: 103Q4 24: 111Q1 25: 135Q2 25: 147Q3 25: 191Q4 25: 184Q1 26: 196196Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025191
Q4 2025184
Q1 2026196

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 43 bought or addedQ2 24: 29 cut or sold outQ3 24: 61 bought or addedQ3 24: 29 cut or sold outQ3 24Q4 24: 62 bought or addedQ4 24: 38 cut or sold outQ1 25: 85 bought or addedQ1 25: 40 cut or sold outQ1 25Q2 25: 82 bought or addedQ2 25: 61 cut or sold outQ3 25: 128 bought or addedQ3 25: 59 cut or sold outQ3 25Q4 25: 113 bought or addedQ4 25: 82 cut or sold outQ1 26: 116 bought or addedQ1 26: 79 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244329
Q3 20246129
Q4 20246238
Q1 20258540
Q2 20258261
Q3 202512859
Q4 202511382
Q1 202611679

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 25 calls: $12.7mQ2 25 puts: $4.4mQ2 25P/C 0.34Q3 25 calls: $9.8mQ3 25 puts: $13.5mQ3 25P/C 1.37Q4 25 calls: $29.4mQ4 25 puts: $15.7mQ4 25P/C 0.53Q1 26 calls: $63.8mQ1 26 puts: $7.4mQ1 26P/C 0.12
Numbers
QuarterCallsPutsP/C
Q2 2025$12.7m$4.4m0.34
Q3 2025$9.8m$13.5m1.37
Q4 2025$29.4m$15.7m0.53
Q1 2026$63.8m$7.4m0.12

Biggest buyers

FIL Ltd Added +1,934,595+1.9m
JUPITER ASSET MANAGEMENT LTD Added +1,477,106+1.5m
AMERICAN CENTURY COMPANIES INC Added +1,346,605+1.3m
Invesco Ltd. Added +1,264,978+1.3m
VAN ECK ASSOCIATES CORP Added +1,077,525+1.1m
Connor, Clark & Lunn Investment Management Ltd. Added +928,015+928.0k
Groupe la Francaise Added +560,000+560.0k
GEODE CAPITAL MANAGEMENT, LLC Added +523,521+523.5k
MACKENZIE FINANCIAL CORP Added +481,771+481.8k
Hillsdale Investment Management Inc. New +428,780+428.8k

Biggest sellers

JANE STREET GROUP, LLC Reduced -2,439,482-2.4m
BANK OF AMERICA CORP /DE/ Reduced -1,516,335-1.5m
FMR LLC Reduced -1,250,492-1.3m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -1,194,066-1.2m
CWA Asset Management Group, LLC Reduced -1,072,170-1.1m
Walleye Capital LLC Sold out -997,235-997.2k
D. E. Shaw & Co., Inc. Reduced -997,179-997.2k
MILLENNIUM MANAGEMENT LLC Reduced -733,503-733.5k
JANUS HENDERSON GROUP PLC Sold out -712,500-712.5k
MONTRUSCO BOLTON INVESTMENTS INC. Reduced -711,947-711.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $42.5m2.6m shares
CITADEL ADVISORS LLC Added $5.3m325.5k shares
Caption Management, LLC New $3.2m198.3k shares
GROUP ONE TRADING LLC Added $2.9m176.8k shares
JANE STREET GROUP, LLC Added $2.4m149.8k shares
D. E. Shaw & Co., Inc. Unchanged $2.4m150.0k shares
SIMPLEX TRADING, LLC Added $2.0m121.8k shares
IMC-Chicago, LLC Added $1.8m109.7k shares
SIG North Trading, ULC Reduced $1.1m68.4k shares
SIG BROKERAGE, LP New $322.6k20.0k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $3.2m201.4k shares
SIG North Trading, ULC Added $1.6m102.2k shares
IMC-Chicago, LLC Reduced $706.5k43.8k shares
SIMPLEX TRADING, LLC Reduced $698.4k43.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $695.2k43.1k shares
JANE STREET GROUP, LLC Reduced $222.6k13.8k shares
GROUP ONE TRADING LLC Reduced $95.2k5.9k shares
Tidal Investments LLC New $72.6k4.5k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 37,215,61037.2m $598.5m $598.5m 0.03% Reduced -1.3m -1,250,492
2 FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 25.82% of their portfolio TORONTO, A6 31,817,22931.8m $501.6m $501.6m 25.82% Unchanged
3 VAN ECK ASSOCIATES CORP 0.25% of their portfolio NEW YORK, NY 20,469,12920.5m $330.2m $330.2m 0.25% Added +1.1m +1,077,525
4 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 8,679,8258.7m $139.6m $139.6m 0.00% First filing
5 Connor, Clark & Lunn Investment Management Ltd. 0.32% of their portfolio VANCOUVER, A1 8,620,6858.6m $138.7m $138.7m 0.32% Added +928.0k +928,015
6 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 8,024,6568.0m $129.1m $129.1m 0.03% Added +337.8k +337,807
7 Merk Investments LLC 27.18% of their portfolio PALO ALTO, CA 6,200,0006.2m $100.0m $100.0m 27.18% Unchanged
8 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 5,790,1005.8m $93.4m $93.4m 0.02% Reduced -502.1k -502,097
9 FIL Ltd 0.07% of their portfolio HAMILTON, D0 5,684,5955.7m $91.4m $91.4m 0.07% Added +1.9m +1,934,595
10 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 4,804,3704.8m $77.5m $77.5m 0.01% Added +1.3m +1,264,978
11 First Eagle Investment Management, LLC 0.13% of their portfolio NEW YORK, NY 4,767,8264.8m $76.7m $76.7m 0.13% Reduced -1.6k -1,645
12 Amundi 0.02% of their portfolio Paris, I0 4,284,4594.3m $69.1m $69.1m 0.02% Reduced -404.4k -404,369
13 JUPITER ASSET MANAGEMENT LTD 0.36% of their portfolio London, X0 4,247,2674.2m $68.1m $68.1m 0.36% Added +1.5m +1,477,106
14 TD Asset Management Inc 0.04% of their portfolio Toronto, A6 3,451,3103.5m $55.3m $55.3m 0.04% Reduced -479.1k -479,088
15 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 3,140,1233.1m $50.4m $50.4m 0.04% Reduced -733.5k -733,503
16 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 2,839,8132.8m $45.7m $45.7m 0.02% Added +1.3m +1,346,605
17 VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio MALVERN, PA 2,641,4582.6m $42.5m $42.5m 0.01% First filing
18 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 2,332,0342.3m $37.5m $37.5m 0.03% Reduced -997.2k -997,179
19 CWA Asset Management Group, LLC 1.27% of their portfolio NAPLES, FL 2,299,6442.3m $37.1m $37.1m 1.27% Reduced -1.1m -1,072,170
20 BLI - Banque de Luxembourg Investments 0.84% of their portfolio LUXEMBOURG CITY, N4 2,130,0002.1m $28.1m $28.1m 0.84% Unchanged
21 GABELLI FUNDS LLC 0.21% of their portfolio Rye, NY 1,882,7001.9m $30.4m $30.4m 0.21% Unchanged
22 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,762,4641.8m $28.4m $28.4m 0.01% Added +181.8k +181,768
23 Allspring Global Investments Holdings, LLC 0.05% of their portfolio CHARLOTTE, NC 1,714,7001.7m $27.6m $27.6m 0.05% Added +152.2k +152,200
24 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,685,5471.7m $27.1m $27.1m 0.01% Added +97.6k +97,579
25 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 1,376,7991.4m $22.2m $22.2m 0.03% Added +334.6k +334,600
26 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 1,354,0611.4m $21.8m $21.8m 0.03% Added +481.8k +481,771
27 Mudita Advisors LLP 4.34% of their portfolio London, X0 1,317,6001.3m $21.2m $21.2m 4.34% Reduced -122.4k -122,400
28 Groupe la Francaise 0.28% of their portfolio PARIS, I0 1,260,0001.3m $20.2m $20.2m 0.28% Added +560.0k +560,000
29 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 1,044,6881.0m $16.8m $16.8m 0.02% Added +28.3k +28,334
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,001,6201.0m $16.2m $16.2m 0.00% Reduced -160.8k -160,817
31 Vanguard Global Advisers, LLC 0.01% of their portfolio MALVERN, PA 943,110943.1k $15.2m $15.2m 0.01% First filing
32 Euro Pacific Asset Management, LLC 1.37% of their portfolio DORADO, PR 872,845872.8k $13.8m $13.8m 1.37% Added +5.3k +5,350
33 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 729,147729.1k $15.0m $15.0m 0.00% Added +523.5k +523,521
34 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 701,087701.1k $11.1m $11.1m 0.01% Added +73.8k +73,795
35 Covea Finance 0.36% of their portfolio PARIS, I0 642,600642.6k $10.3m $10.3m 0.36% Reduced -169.1k -169,100
36 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 618,648618.6k $9.9m $9.9m 0.00% Added +202.6k +202,645
37 Swiss National Bank 0.01% of their portfolio ZURICH, V8 609,200609.2k $9.8m $9.8m 0.01% Added +7.5k +7,500
38 Legal & General Group Plc 0.00% of their portfolio London, X0 601,348601.3k $9.6m $9.6m 0.00% Added +273.7k +273,738
39 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 479,980480.0k $7.6m $7.6m 0.03% Added +223.1k +223,095
40 GROUPAMA ASSET MANAGMENT 0.15% of their portfolio PARIS, I0 454,122454.1k $10.2m $10.2m 0.15% Added +10.0k +9,980
41 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 434,891434.9k $7.0m $7.0m 0.01% Added +138.3k +138,300
42 Hillsdale Investment Management Inc. 0.19% of their portfolio Toronto, A6 428,780428.8k $6.9m $6.9m 0.19% New
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 401,652401.7k $6.5m $6.5m 0.00% Added +127.0k +126,996
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 384,043384.0k $6.2m $6.2m 0.00% Reduced -421.3k -421,345
45 EDMOND DE ROTHSCHILD HOLDING S.A. 0.08% of their portfolio CHAMBESY, V8 363,971364.0k $5.8m $5.8m 0.08% Added +75.7k +75,707
46 MONTRUSCO BOLTON INVESTMENTS INC. 0.09% of their portfolio MONTREAL, A8 359,590359.6k $5.8m $5.8m 0.09% Reduced -711.9k -711,947
47 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 350,899350.9k $5.6m $5.6m 0.00% Reduced -170.7k -170,694
48 Financial Sense Advisors, Inc. 1.12% of their portfolio SAN DIEGO, CA 343,291343.3k $5.5m $5.5m 1.12% Added +196.6k +196,630
49 CIBC Asset Management Inc 0.01% of their portfolio TORONTO, Z4 339,782339.8k $5.4m $5.4m 0.01% Added +12.0k +11,956
50 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 316,166316.2k $5.1m $5.1m 0.00% Unchanged
51 PCJ Investment Counsel Ltd. 1.39% of their portfolio TORONTO, A6 305,180305.2k $4.9m $4.9m 1.39% Reduced -212.3k -212,300
52 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 291,148291.1k $4.7m $4.7m 0.03% Added +198.2k +198,237
53 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 281,040281.0k $4.5m $4.5m 0.00% First filing
54 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 267,178267.2k $4.3m $4.3m 0.01% Added +9.3k +9,290
55 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 250,064250.1k $4.0m $4.0m 0.05% Added +90.0k +89,964
56 Triasima Portfolio Management inc. 0.61% of their portfolio MONTREAL, A8 249,877249.9k $4.0m $4.0m 0.61% Added +36.1k +36,141
57 U S GLOBAL INVESTORS INC 0.46% of their portfolio SAN ANTONIO, TX 246,374246.4k $4.0m $4.0m 0.46% New
58 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 238,365238.4k $3.2m $3.2m 0.00% Reduced -1.9k -1,873
59 GUGGENHEIM CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 235,603235.6k $3.8m $3.8m 0.03% Reduced -50.2k -50,190
60 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 233,579233.6k $3.8m $3.8m 0.01% Added +92.2k +92,190
61 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 229,708229.7k $3.7m $3.7m 0.02% Added +88.9k +88,934
62 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 226,059226.1k $3.6m $3.6m 0.00% Unchanged
63 Ninepoint Partners LP 0.42% of their portfolio TORONTO, A6 222,500222.5k $3.6m $3.6m 0.42% Unchanged
64 QUATTRO FINANCIAL ADVISORS LLC 1.05% of their portfolio The Woodlands, TX 214,015214.0k $3.5m $3.5m 1.05% Unchanged
65 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 212,319212.3k $3.4m $3.4m 0.00% Reduced -11.7k -11,670
66 Integrated Quantitative Investments LLC 0.60% of their portfolio BELLEVUE, WA 205,642205.6k $3.3m $3.3m 0.60% New
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 169,261169.3k $2.7m $2.7m 0.00% Reduced -290.1k -290,104
68 Goehring & Rozencwajg Associates, LLC 0.14% of their portfolio NEW YORK, NY 161,584161.6k $2.6m $2.6m 0.14% Reduced -616.4k -616,365
69 Man Group plc 0.01% of their portfolio LONDON, X0 156,707156.7k $2.5m $2.5m 0.01% Reduced -26.7k -26,693
70 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 153,516153.5k $2.5m $2.5m 0.00% Reduced -442.5k -442,489
71 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 143,915143.9k $2.3m $2.3m 0.01% New
72 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 138,920138.9k $2.2m $2.2m 0.00% Added +30.6k +30,650
73 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 131,672131.7k $2.1m $2.1m 0.01% Reduced -46.4k -46,383
74 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 125,141125.1k $2.0m $2.0m 0.00% New
75 GeoSphere Capital Management, LLC 1.21% of their portfolio MIAMI BEACH, FL 124,178124.2k $2.0m $2.0m 1.21% New
76 PKO Investment Management Joint-Stock Co 0.16% of their portfolio WARSAW, R9 121,748121.7k $2.0m $2.0m 0.16% Added +8.9k +8,948
77 SIG North Trading, ULC 0.39% of their portfolio Bala Cynwyd, PA 120,320120.3k $1.9m $1.9m 0.39% Added +40.4k +40,373
78 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 118,042118.0k $1.9m $1.9m 0.00% Reduced -24 -24
79 GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio GREENWICH, CT 117,380117.4k $1.9m $1.9m 0.02% Added +34.4k +34,435
80 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 110,534110.5k $1.8m $1.8m 0.00% Added +17.2k +17,201
81 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 109,795109.8k $1.8m $1.8m 0.00% Reduced -1.5m -1,516,335
82 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 106,794106.8k $1.7m $1.7m 0.00% Reduced -485.8k -485,754
83 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 102,821102.8k $1.7m $1.7m 0.00% New
84 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 100,120100.1k $1.5m $1.5m 0.01% Added +39.3k +39,270
85 Public Sector Pension Investment Board 0.00% of their portfolio MONTREAL, A8 99,81599.8k $1.6m $1.6m 0.00% Reduced -105 -105
86 Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio HONG KONG, K3 98,17798.2k $1.6m $1.6m 0.03% New
87 Leonteq Securities AG 0.09% of their portfolio ZURICH, V8 96,15996.2k $1.5m $1.5m 0.09% Added +5.9k +5,900
88 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 89,63389.6k $1.4m $1.4m 0.00% Added +1.2k +1,233
89 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 82,00482.0k $1.3m $1.3m 0.00% Reduced -2.4m -2,439,482
90 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 81,50081.5k $1.3m $1.3m 0.00% Unchanged
91 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 81,21681.2k $1.3m $1.3m 0.00% Added +209 +209
92 GLOBAL STRATEGIC MANAGEMENT INC 1.04% of their portfolio SAN JUAN, PR 78,30078.3k $1.3m $1.3m 1.04% Reduced -18.4k -18,400
93 Vanguard Investments Australia, Ltd. 0.00% of their portfolio Victoria, C3 78,24378.2k $1.3m $1.3m 0.00% First filing
94 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 76,74476.7k $1.1m $1.1m 0.00% Reduced -17.7k -17,691
95 FORMULA GROWTH LTD 0.54% of their portfolio MONTREAL, A8 74,00074.0k $1.2m $1.2m 0.54% Reduced -108.0k -108,000
96 Parvin Asset Management, LLC 0.87% of their portfolio SIOUX FALLS, SD 73,07573.1k $1.2m $1.2m 0.87% Added +2.6k +2,575
97 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 72,05872.1k $1.2m $1.2m 0.01% New
98 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 71,84871.8k $1.2m $1.2m 0.00% New
99 CenterBook Partners LP 0.06% of their portfolio GREENWICH, CT 69,15169.2k $1.1m $1.1m 0.06% New
100 Stratos Wealth Advisors, LLC 0.06% of their portfolio BEACHWOOD, OH 64,18564.2k $1.0m $1.0m 0.06% Reduced -17.0k -17,000