Vault-13

ORLA MNG LTD NEW OLA

COM · Common Stock · CUSIP 68634K106 · ISIN CA68634K1066

214 institutional holders +18 vs Q1 2026
224,456,428224.5m shares reported held*
$2.2bnreported value*
53 new 76 added 55 reduced 36 sold out net bought ≈ $168.0m (+16.6m 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 ($84.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.80. Options: 8 managers hold calls ($15.0m notional), 9 hold puts ($5.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 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: 196Q2 26: 214214Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026214

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 128 bought or addedQ3 25: 59 cut or sold outQ4 25: 113 bought or addedQ4 25: 82 cut or sold outQ4 25Q1 26: 116 bought or addedQ1 26: 79 cut or sold outQ2 26: 129 bought or addedQ2 26: 91 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20246129
Q4 20246238
Q1 20258540
Q2 20258261
Q3 202512859
Q4 202511382
Q1 202611679
Q2 202612991

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ3 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 0.12Q2 26 calls: $15.0mQ2 26 puts: $5.2mQ2 26P/C 0.34
Numbers
QuarterCallsPutsP/C
Q3 2025$9.8m$13.5m1.37
Q4 2025$29.4m$15.7m0.53
Q1 2026$63.8m$7.4m0.12
Q2 2026$15.0m$5.2m0.34

Biggest buyers

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN Added +26,582,275+26.6m
First Eagle Investment Management, LLC Added +4,767,826+4.8m
MILLENNIUM MANAGEMENT LLC Added +2,955,655+3.0m
AQR Arbitrage LLC New +2,333,922+2.3m
D. E. Shaw & Co., Inc. Added +1,922,826+1.9m
Qube Research & Technologies Ltd Added +1,287,880+1.3m
OMERS ADMINISTRATION Corp New +1,218,965+1.2m
MORGAN STANLEY Added +1,092,798+1.1m
Magnetar Financial LLC New +1,005,251+1.0m
Point72 Asset Management, L.P. New +856,244+856.2k

Biggest sellers

FMR LLC Reduced -17,016,657-17.0m
JUPITER ASSET MANAGEMENT LTD Sold out -4,247,267-4.2m
FIL Ltd Reduced -3,137,014-3.1m
VAN ECK ASSOCIATES CORP Reduced -2,720,055-2.7m
Invesco Ltd. Reduced -2,223,695-2.2m
Groupe la Francaise Sold out -1,260,000-1.3m
CWA Asset Management Group, LLC Reduced -1,210,945-1.2m
Connor, Clark & Lunn Investment Management Ltd. Reduced -1,024,159-1.0m
MACKENZIE FINANCIAL CORP Reduced -928,689-928.7k
TD Asset Management Inc Reduced -648,540-648.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.0m922.2k shares
Caption Management, LLC Unchanged $1.9m198.3k shares
IMC-Chicago, LLC Added $1.2m125.0k shares
JANE STREET GROUP, LLC Reduced $710.8k72.6k shares
GROUP ONE TRADING LLC Reduced $685.3k70.0k shares
CITADEL ADVISORS LLC Reduced $560.0k57.2k shares
SIG North Trading, ULC Reduced $469.9k48.0k shares
SIMPLEX TRADING, LLC Reduced $392.6k40.1k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $1.4m146.9k shares
JANE STREET GROUP, LLC Added $779.3k79.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $767.5k78.4k shares
D. E. Shaw & Co., Inc. New $667.7k68.2k shares
IMC-Chicago, LLC Added $591.3k60.4k shares
GROUP ONE TRADING LLC Added $485.6k49.6k shares
SIG North Trading, ULC Reduced $261.4k26.7k shares
SIMPLEX TRADING, LLC Reduced $90.1k9.2k shares
Tidal Investments LLC Added $82.2k8.4k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 21.55% of their portfolio TORONTO, A6 58,399,50458.4m $568.5m $568.5m 21.55% Added +26.6m +26,582,275
2 FMR LLC 0.01% of their portfolio BOSTON, MA 20,198,95320.2m $197.5m $197.5m 0.01% Reduced -17.0m -17,016,657
3 VAN ECK ASSOCIATES CORP 0.11% of their portfolio NEW YORK, NY 17,749,07417.7m $173.8m $173.8m 0.11% Reduced -2.7m -2,720,055
4 First Eagle Investment Management, LLC 0.08% of their portfolio NEW YORK, NY 9,535,6529.5m $93.2m $93.2m 0.08% Added +4.8m +4,767,826
5 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 9,004,0549.0m $88.1m $88.1m 0.00% Added +324.2k +324,229
6 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 7,958,8268.0m $77.8m $77.8m 0.02% Reduced -65.8k -65,830
7 Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio VANCOUVER, A1 7,596,5267.6m $74.2m $74.2m 0.14% Reduced -1.0m -1,024,159
8 Merk Investments LLC 21.86% of their portfolio PALO ALTO, CA 7,000,0007.0m $68.5m $68.5m 21.86% Added +800.0k +800,000
9 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 6,095,7786.1m $59.6m $59.6m 0.04% Added +3.0m +2,955,655
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 5,199,4795.2m $50.9m $50.9m 0.01% Reduced -590.6k -590,621
11 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 4,254,8604.3m $41.6m $41.6m 0.03% Added +1.9m +1,922,826
12 NORGES BANK 0.00% of their portfolio OSLO, Q8 3,974,3084.0m $38.8m $38.8m 0.00% Not comparable
13 Amundi 0.01% of their portfolio Paris, I0 3,677,6943.7m $36.0m $36.0m 0.01% Reduced -606.8k -606,765
14 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 2,921,0762.9m $28.6m $28.6m 0.01% Added +81.3k +81,263
15 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 2,802,7702.8m $27.4m $27.4m 0.02% Reduced -648.5k -648,540
16 VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio MALVERN, PA 2,728,3672.7m $26.7m $26.7m 0.01% Added +86.9k +86,909
17 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,580,6752.6m $25.3m $25.3m 0.00% Reduced -2.2m -2,223,695
18 FIL Ltd 0.02% of their portfolio HAMILTON, D0 2,547,5812.5m $24.9m $24.9m 0.02% Reduced -3.1m -3,137,014
19 AQR Arbitrage LLC 0.33% of their portfolio Greenwich, CT 2,333,9222.3m $22.8m $22.8m 0.33% New
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,094,4182.1m $20.5m $20.5m 0.00% Added +1.1m +1,092,798
21 GABELLI FUNDS LLC 0.12% of their portfolio Rye, NY 1,882,7001.9m $18.4m $18.4m 0.12% Unchanged
22 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,761,4501.8m $17.2m $17.2m 0.01% Reduced -1.0k -1,014
23 BLI - Banque de Luxembourg Investments 0.58% of their portfolio LUXEMBOURG CITY, N4 1,679,0001.7m $16.4m $16.4m 0.58% Reduced -451.0k -451,000
24 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,625,8351.6m $15.9m $15.9m 0.01% Reduced -59.7k -59,712
25 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 1,614,7001.6m $15.8m $15.8m 0.02% Reduced -100.0k -100,000
26 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 1,450,8991.5m $14.2m $14.2m 0.02% Added +74.1k +74,100
27 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 1,426,8001.4m $14.0m $14.0m 0.02% Added +1.3m +1,287,880
28 OMERS ADMINISTRATION Corp 0.07% of their portfolio TORONTO, A6 1,218,9651.2m $11.9m $11.9m 0.07% New
29 CWA Asset Management Group, LLC 0.33% of their portfolio NAPLES, FL 1,088,6991.1m $10.7m $10.7m 0.33% Reduced -1.2m -1,210,945
30 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,045,2261.0m $10.2m $10.2m 0.01% Added +538 +538
31 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 1,033,1591.0m $10.1m $10.1m 0.00% Added +90.0k +90,049
32 Magnetar Financial LLC 0.09% of their portfolio EVANSTON, IL 1,005,2511.0m $9.8m $9.8m 0.09% New
33 Euro Pacific Asset Management, LLC 1.01% of their portfolio DORADO, PR 977,099977.1k $8.9m $8.9m 1.01% Added +104.3k +104,254
34 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 943,503943.5k $9.2m $9.2m 0.02% Added +709.9k +709,924
35 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 929,460929.5k $9.0m $9.0m 0.01% Added +228.4k +228,373
36 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 905,206905.2k $8.9m $8.9m 0.00% Added +787.2k +787,164
37 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 856,244856.2k $8.4m $8.4m 0.01% New
38 Legal & General Group Plc 0.00% of their portfolio London, X0 830,822830.8k $8.1m $8.1m 0.00% Added +229.5k +229,474
39 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 821,183821.2k $10.4m $10.4m 0.00% Added +92.0k +92,036
40 Kintayl Capital LP 3.77% of their portfolio NEW YORK, NY 798,999799.0k $7.8m $7.8m 3.77% New
41 Mudita Advisors LLP 1.61% of their portfolio London, X0 790,319790.3k $7.7m $7.7m 1.61% Reduced -527.3k -527,281
42 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 789,396789.4k $7.7m $7.7m 0.02% New
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 760,805760.8k $7.4m $7.4m 0.00% Added +359.2k +359,153
44 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 724,608724.6k $7.1m $7.1m 0.01% Added +457.4k +457,430
45 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 664,315664.3k $6.5m $6.5m 0.00% Added +554.5k +554,520
46 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 652,281652.3k $6.4m $6.4m 0.00% Added +33.6k +33,633
47 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 636,597636.6k $6.2m $6.2m 0.00% Added +201.7k +201,706
48 Swiss National Bank 0.00% of their portfolio ZURICH, V8 627,300627.3k $6.1m $6.1m 0.00% Added +18.1k +18,100
49 ABC ARBITRAGE SA 0.61% of their portfolio PARIS, I0 577,150577.1k $5.7m $5.7m 0.61% New
50 GROUPAMA ASSET MANAGMENT 0.10% of their portfolio PARIS, I0 544,896544.9k $7.6m $7.6m 0.10% Added +90.8k +90,774
51 Covea Finance 0.15% of their portfolio PARIS, I0 502,800502.8k $4.9m $4.9m 0.15% Reduced -139.8k -139,800
52 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 486,078486.1k $4.7m $4.7m 0.01% Added +6.1k +6,098
53 GMT Capital Corp 0.24% of their portfolio ATLANTA, GA 476,600476.6k $4.7m $4.7m 0.24% New
54 MONTRUSCO BOLTON INVESTMENTS INC. 0.07% of their portfolio MONTREAL, A8 468,027468.0k $4.6m $4.6m 0.07% Added +108.4k +108,437
55 EDMOND DE ROTHSCHILD HOLDING S.A. 0.06% of their portfolio CHAMBESY, V8 447,039447.0k $4.4m $4.4m 0.06% Added +83.1k +83,068
56 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 425,372425.4k $5.9m $5.9m 0.01% Reduced -928.7k -928,689
57 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 416,637416.6k $4.1m $4.1m 0.00% Added +190.6k +190,578
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 403,960404.0k $4.0m $4.0m 0.00% Added +19.9k +19,917
59 CIBC Asset Management Inc 0.01% of their portfolio TORONTO, Z4 373,784373.8k $3.6m $3.6m 0.01% Added +34.0k +34,002
60 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 332,542332.5k $3.2m $3.2m 0.02% Added +102.8k +102,834
61 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 328,513328.5k $3.2m $3.2m 0.00% Reduced -22.4k -22,386
62 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 316,166316.2k $3.1m $3.1m 0.00% Unchanged
63 Hillsdale Investment Management Inc. 0.07% of their portfolio Toronto, A6 306,410306.4k $3.0m $3.0m 0.07% Reduced -122.4k -122,370
64 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 296,285296.3k $2.9m $2.9m 0.00% Added +15.2k +15,245
65 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 290,591290.6k $2.8m $2.8m 0.01% New
66 Polar Asset Management Partners Inc. 0.05% of their portfolio TORONTO, A6 275,955276.0k $2.7m $2.7m 0.05% New
67 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 273,288273.3k $2.7m $2.7m 0.00% New
68 Caisse de depot et placement du Quebec 0.00% of their portfolio Montreal, A8 268,654268.7k $2.6m $2.6m 0.00% New
69 New York Life Investment Management LLC 0.02% of their portfolio New York, NY 266,238266.2k $2.6m $2.6m 0.02% New
70 PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio Toronto, A6 249,645249.6k $2.4m $2.4m 0.02% Added +200.9k +200,948
71 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 248,755248.8k $2.4m $2.4m 0.00% New
72 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 238,365238.4k $3.8m $3.8m 0.00% Unchanged
73 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 228,634228.6k $2.2m $2.2m 0.01% Reduced -7.0k -6,969
74 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 222,684222.7k $2.2m $2.2m 0.01% Reduced -68.5k -68,464
75 Ninepoint Partners LP 0.19% of their portfolio TORONTO, A6 222,500222.5k $2.2m $2.2m 0.19% Unchanged
76 QUATTRO FINANCIAL ADVISORS LLC 0.45% of their portfolio The Woodlands, TX 214,015214.0k $2.1m $2.1m 0.45% Unchanged
77 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 212,706212.7k $2.1m $2.1m 0.00% Added +130.7k +130,702
78 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 211,279211.3k $2.1m $2.1m 0.00% Added +104.5k +104,485
79 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 207,629207.6k $2.0m $2.0m 0.00% Reduced -4.7k -4,690
80 Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio HONG KONG, K3 203,869203.9k $2.0m $2.0m 0.04% Added +105.7k +105,692
81 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 192,744192.7k $1.9m $1.9m 0.00% Added +39.2k +39,228
82 Triasima Portfolio Management inc. 0.25% of their portfolio MONTREAL, A8 191,800191.8k $1.9m $1.9m 0.25% Reduced -58.1k -58,077
83 Goehring & Rozencwajg Associates, LLC 0.09% of their portfolio NEW YORK, NY 165,196165.2k $1.6m $1.6m 0.09% Added +3.6k +3,612
84 LMR Partners LLP 0.01% of their portfolio LONDON, X0 160,000160.0k $1.6m $1.6m 0.01% New
85 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 157,397157.4k $1.5m $1.5m 0.00% New
86 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 153,189153.2k $1.5m $1.5m 0.00% Added +28.0k +28,048
87 GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio GREENWICH, CT 149,710149.7k $1.5m $1.5m 0.01% Added +32.3k +32,330
88 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 146,160146.2k $1.4m $1.4m 0.00% Added +116.2k +116,202
89 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 139,473139.5k $1.4m $1.4m 0.02% Added +100.2k +100,165
90 PKO Investment Management Joint-Stock Co 0.09% of their portfolio WARSAW, R9 121,748121.7k $1.2m $1.2m 0.09% Unchanged
91 K2 PRINCIPAL FUND, L.P. 0.11% of their portfolio TORONTO, A6 116,828116.8k $1.1m $1.1m 0.11% New
92 Cypress Capital Management LLC (WY) 0.93% of their portfolio SHERIDAN, WY 113,880113.9k $1.1m $1.1m 0.93% Added +112.8k +112,845
93 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 110,534110.5k $1.1m $1.1m 0.00% Unchanged
94 GLOBAL STRATEGIC MANAGEMENT INC 0.81% of their portfolio SAN JUAN, PR 107,095107.1k $1.0m $1.0m 0.81% Added +28.8k +28,795
95 Avestar Capital, LLC 0.06% of their portfolio New York, NY 104,183104.2k $1.0m $1.0m 0.06% Added +42.6k +42,600
96 CoreCommodity Management, LLC 0.20% of their portfolio STAMFORD, CT 102,987103.0k $1.0m $1.0m 0.20% New
97 Public Sector Pension Investment Board 0.00% of their portfolio MONTREAL, A8 101,115101.1k $987.9k $987.9k 0.00% Added +1.3k +1,300
98 Mariner, LLC 0.00% of their portfolio Overland Park, KS 97,19297.2k $951.5k $951.5k 0.00% Added +80.7k +80,683
99 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 94,25694.3k $921.4k $921.4k 0.00% Added +13.0k +13,040
100 SPROTT INC. 0.03% of their portfolio TORONTO, A6 83,66183.7k $819.0k $819.0k 0.03% Added +40.3k +40,347