Vault-13

STANTEC INC STN

COM · Common Stock · CUSIP 85472N109 · ISIN CA85472N1096

International professional services company in the design and consulting industry.

288 institutional holders +9 vs Q3 2025
67,685,63267.7m shares reported held*
59.3% of all shares outstanding*
$6.5bnreported value*
46 new 100 added 84 reduced 37 sold out net bought ≈ $494.8m (+5.3m 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 ($64.4m this quarter). Holder counts are more reliable. Shares outstanding: 114.1m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $95.31. Options: 2 managers hold calls ($1.1m notional), 2 hold puts ($566.2k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 147Q4 22: 159Q1 23: 187Q2 23: 183Q3 23: 197Q4 23: 223Q1 24: 237Q2 24: 227Q3 24: 223Q4 24: 237Q1 25: 265Q2 25: 284Q3 25: 279Q4 25: 288288Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022147
Q4 2022159
Q1 2023187
Q2 2023183
Q3 2023197
Q4 2023223
Q1 2024237
Q2 2024227
Q3 2024223
Q4 2024237
Q1 2025265
Q2 2025284
Q3 2025279
Q4 2025288

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 119 bought or addedQ1 24: 112 cut or sold outQ2 24: 94 bought or addedQ2 24: 122 cut or sold outQ2 24Q3 24: 108 bought or addedQ3 24: 104 cut or sold outQ4 24: 116 bought or addedQ4 24: 90 cut or sold outQ4 24Q1 25: 137 bought or addedQ1 25: 101 cut or sold outQ2 25: 150 bought or addedQ2 25: 111 cut or sold outQ2 25Q3 25: 132 bought or addedQ3 25: 118 cut or sold outQ4 25: 146 bought or addedQ4 25: 121 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024119112
Q2 202494122
Q3 2024108104
Q4 202411690
Q1 2025137101
Q2 2025150111
Q3 2025132118
Q4 2025146121

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 25 calls: $2.3mQ1 25 puts: $4.0mQ1 25P/C 1.71Q2 25 calls: $3.8mQ2 25 puts: $5.1mQ2 25P/C 1.34Q3 25 calls: $2.9mQ3 25 puts: $3.2mQ3 25P/C 1.13Q4 25 calls: $1.1mQ4 25 puts: $566.2kQ4 25P/C 0.54
Numbers
QuarterCallsPutsP/C
Q1 2025$2.3m$4.0m1.71
Q2 2025$3.8m$5.1m1.34
Q3 2025$2.9m$3.2m1.13
Q4 2025$1.1m$566.2k0.54

Biggest buyers

1832 Asset Management L.P. Added +3,897,438+3.9m
BANK OF MONTREAL /CAN/ Added +897,912+897.9k
Man Group plc Added +803,322+803.3k
MORGAN STANLEY Added +726,299+726.3k
AQR CAPITAL MANAGEMENT LLC Added +655,543+655.5k
PRINCIPAL FINANCIAL GROUP INC Added +519,545+519.5k
TWO SIGMA INVESTMENTS, LP Added +268,025+268.0k
Allianz Asset Management GmbH Added +261,151+261.2k
BARCLAYS PLC Added +229,698+229.7k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +154,622+154.6k

Biggest sellers

MACKENZIE FINANCIAL CORP Reduced -1,600,532-1.6m
Pictet Asset Management Holding SA Reduced -533,732-533.7k
Fiera Capital Corp Reduced -488,645-488.6k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -406,980-407.0k
JPMORGAN CHASE & CO Reduced -392,179-392.2k
GOLDMAN SACHS GROUP INC Reduced -355,035-355.0k
Connor, Clark & Lunn Investment Management Ltd. Reduced -344,004-344.0k
Federation des caisses Desjardins du Quebec Reduced -264,480-264.5k
FIL Ltd Sold out -243,421-243.4k
QV Investors Inc. Sold out -161,025-161.0k

Biggest calls

SIG North Trading, ULC Reduced $811.5k8.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $245.3k2.6k shares

Biggest puts

SIG North Trading, ULC Reduced $471.8k5.0k shares
TORONTO DOMINION BANK Unchanged $94.4k1.0k 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
BlackRock, Inc. 13G · institution +0.7 pts · filed 2026-01-21 5.0% +0.7 pts 5.7m≈ $396.0m 2026-01-21

Insider purchases and sales in Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 4,966,0625.0m $468.6m $468.6m 0.01% Added +92.6k +92,641
2 BANK OF MONTREAL /CAN/ 0.17% of their portfolio TORONTO, A6 4,464,7334.5m $421.3m $421.3m 0.17% Added +897.9k +897,912
3 MACKENZIE FINANCIAL CORP 0.47% of their portfolio TORONTO ONTARIO, A6 4,174,3794.2m $396.8m $396.8m 0.47% Reduced -1.6m -1,600,532
4 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 4,131,9444.1m $389.9m $389.9m 0.07% Added +117.6k +117,613
5 1832 Asset Management L.P. 0.48% of their portfolio TORONTO, A6 3,975,1324.0m $375.1m $375.1m 0.48% Added +3.9m +3,897,438
6 ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio NASHVILLE, TN 3,484,7983.5m $328.8m $328.8m 0.10% Added +9.1k +9,099
7 Pictet Asset Management Holding SA 0.27% of their portfolio CAROUGE, V8 2,927,9542.9m $276.7m $276.7m 0.27% Reduced -533.7k -533,732
8 Fiera Capital Corp 0.59% of their portfolio MONTREAL, A8 1,980,9002.0m $187.0m $187.0m 0.59% Reduced -488.6k -488,645
9 FMR LLC 0.01% of their portfolio BOSTON, MA 1,903,1331.9m $179.6m $179.6m 0.01% Added +126.2k +126,169
10 Man Group plc 0.28% of their portfolio LONDON, X0 1,579,5371.6m $149.2m $149.2m 0.28% Added +803.3k +803,322
11 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio Toronto, A6 1,459,4961.5m $138.0m $138.0m 0.11% Reduced -407.0k -406,980
12 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,371,9421.4m $129.5m $129.5m 0.01% Added +726.3k +726,299
13 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,316,3241.3m $124.2m $124.2m 0.01% Not comparable
14 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,307,6871.3m $123.4m $123.4m 0.02% Reduced -355.0k -355,035
15 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,058,7201.1m $100.4m $100.4m 0.01% Added +69.0k +68,978
16 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,013,4571.0m $95.6m $95.6m 0.01% Added +143.1k +143,105
17 Connor, Clark & Lunn Investment Management Ltd. 0.25% of their portfolio VANCOUVER, A1 992,613992.6k $93.7m $93.7m 0.25% Reduced -344.0k -344,004
18 BCV Asset Management Inc. 3.36% of their portfolio WINNIPEG, A2 985,751985.8k $132.9m $132.9m 3.36% First filing
19 PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio DES MOINES, IA 932,025932.0k $88.1m $88.1m 0.04% Added +519.5k +519,545
20 Allianz Asset Management GmbH 0.10% of their portfolio MUNICH, 2M 921,193921.2k $87.0m $87.0m 0.10% Added +261.2k +261,151
21 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 906,472906.5k $86.4m $86.4m 0.04% Added +20.3k +20,274
22 NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio MONTREAL, A8 905,505905.5k $85.3m $85.3m 0.09% Added +28.5k +28,464
23 Legal & General Group Plc 0.02% of their portfolio London, X0 892,069892.1k $84.3m $84.3m 0.02% Added +89.2k +89,172
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 784,305784.3k $74.0m $74.0m 0.00% Reduced -392.2k -392,179
25 Amundi 0.02% of their portfolio Paris, I0 762,796762.8k $80.2m $80.2m 0.02% Added +83.7k +83,688
26 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 758,607758.6k $71.7m $71.7m 0.06% Added +52.9k +52,944
27 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 709,302709.3k $66.9m $66.9m 0.01% Added +57.0k +56,995
28 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 691,350691.4k $65.2m $65.2m 0.05% Added +12.6k +12,614
29 DekaBank Deutsche Girozentrale 0.11% of their portfolio FRANKFURT, 2M 685,175685.2k $60.9m $60.9m 0.11% Unchanged
30 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 670,064670.1k $63.2m $63.2m 0.03% Added +655.5k +655,543
31 Alberta Investment Management Corp 0.33% of their portfolio EDMONTON, A0 591,000591.0k $55.8m $55.8m 0.33% Added +96.1k +96,100
32 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 570,193570.2k $53.8m $53.8m 0.08% Added +268.0k +268,025
33 Russell Investments Group, Ltd. 0.06% of their portfolio Seattle, WA 547,151547.2k $51.8m $51.8m 0.06% Added +107.4k +107,434
34 Federation des caisses Desjardins du Quebec 0.19% of their portfolio LEVIS, A8 540,215540.2k $50.9m $50.9m 0.19% Reduced -264.5k -264,480
35 BlackRock, Inc. 0.00% of their portfolio New York, NY 508,158508.2k $47.9m $47.9m 0.00% Added +42.7k +42,717
36 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 478,439478.4k $45.1m $45.1m 0.03% Added +7.2k +7,186
37 TD Waterhouse Canada Inc. 0.28% of their portfolio TORONTO, A6 470,442470.4k $44.3m $44.3m 0.28% Added +29.7k +29,718
38 TORONTO DOMINION BANK 0.07% of their portfolio TORONTO, ONTARIO, A6 436,669436.7k $41.2m $41.2m 0.07% Added +141.7k +141,702
39 Vontobel Holding Ltd. 0.13% of their portfolio ZURICH, V8 405,188405.2k $38.2m $38.2m 0.13% Reduced -62.4k -62,366
40 UBS Group AG 0.01% of their portfolio ZURICH, V8 390,644390.6k $36.9m $36.9m 0.01% Added +73.5k +73,539
41 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 370,576370.6k $35.0m $35.0m 0.01% Added +40.7k +40,740
42 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 356,998357.0k $33.7m $33.7m 0.01% Added +229.7k +229,698
43 Clearbridge Investments, LLC 0.02% of their portfolio NEW YORK, NY 318,736318.7k $30.1m $30.1m 0.02% Reduced -10.1k -10,120
44 Swiss National Bank 0.02% of their portfolio ZURICH, V8 302,270302.3k $28.6m $28.6m 0.02% Reduced -26.0k -26,000
45 GUARDIAN CAPITAL LP 0.83% of their portfolio TORONTO, A6 294,684294.7k $27.8m $27.8m 0.83% Added +7.8k +7,826
46 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 288,327288.3k $27.2m $27.2m 0.00% Added +2.3k +2,308
47 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 287,716287.7k $27.1m $27.1m 0.01% Added +40.3k +40,309
48 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 283,700283.7k $26.8m $26.8m 0.02% Added +118.3k +118,300
49 JUPITER ASSET MANAGEMENT LTD 0.21% of their portfolio London, X0 279,438279.4k $26.4m $26.4m 0.21% Added +189 +189
50 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 268,388268.4k $25.3m $25.3m 0.01% Reduced -27.4k -27,356
51 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 268,308268.3k $25.3m $25.3m 0.05% Reduced -13.4k -13,438
52 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 247,267247.3k $23.3m $23.3m 0.05% Added +135.8k +135,800
53 Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio ZURICH, V8 238,298238.3k $22.5m $22.5m 0.05% Reduced -125.1k -125,083
54 Northwest & Ethical Investments L.P. 0.50% of their portfolio TORONTO, A6 236,635236.6k $22.3m $22.3m 0.50% Added +43.4k +43,412
55 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 220,970221.0k $20.9m $20.9m 0.02% Reduced -3.9k -3,930
56 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 212,411212.4k $20.0m $20.0m 0.03% Added +100.4k +100,369
57 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 207,075207.1k $19.5m $19.5m 0.01% Added +128.7k +128,674
58 SCOTIA CAPITAL INC. 0.07% of their portfolio TORONTO, A6 193,897193.9k $18.3m $18.3m 0.07% Reduced -14.8k -14,845
59 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 185,146185.1k $17.5m $17.5m 0.02% Reduced -162 -162
60 ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio Boston, MA 177,620177.6k $16.8m $16.8m 0.03% Added +113.9k +113,864
61 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 163,799163.8k $15.5m $15.5m 0.02% Reduced -1.3k -1,310
62 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 162,648162.6k $15.4m $15.4m 0.03% Reduced -110.6k -110,576
63 Swiss Life Asset Management Ltd 0.08% of their portfolio Zurich, V8 160,534160.5k $15.2m $15.2m 0.08% Reduced -4.9k -4,856
64 J. Safra Sarasin Holding AG 0.25% of their portfolio BASEL, V8 160,040160.0k $15.1m $15.1m 0.25% Reduced -100.9k -100,907
65 Cumberland Partners Ltd 0.92% of their portfolio TORONTO, A6 159,529159.5k $15.1m $15.1m 0.92% Reduced -2.2k -2,205
66 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 154,622154.6k $20.0m $20.0m 0.02% New
67 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 152,695152.7k $14.4m $14.4m 0.00% Added +274 +274
68 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 149,386149.4k $14.1m $14.1m 0.00% Reduced -118.6k -118,562
69 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 147,593147.6k $13.9m $13.9m 0.00% Added +15.6k +15,614
70 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 144,921144.9k $13.7m $13.7m 0.01% New
71 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 125,800125.8k $11.9m $11.9m 0.02% Reduced -8.3k -8,300
72 Korea Investment CORP 0.02% of their portfolio SEOUL, M5 118,659118.7k $11.2m $11.2m 0.02% Added +32.8k +32,800
73 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.06% of their portfolio Tokyo, M0 114,515114.5k $10.8m $10.8m 0.06% New
74 Grandeur Peak Global Advisors, LLC 1.45% of their portfolio SALT LAKE CITY, UT 114,200114.2k $10.8m $10.8m 1.45% Reduced -4.2k -4,200
75 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 105,170105.2k $9.9m $9.9m 0.02% Reduced -4.3k -4,310
76 Varma Mutual Pension Insurance Co 0.06% of their portfolio Varma, H9 98,30098.3k $9.3m $9.3m 0.06% New
77 AVIVA PLC 0.02% of their portfolio LONDON, X0 96,24696.2k $9.1m $9.1m 0.02% Added +5.4k +5,417
78 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 94,47094.5k $8.9m $8.9m 0.00% Added +10.2k +10,195
79 INTECH INVESTMENT MANAGEMENT LLC 0.08% of their portfolio WEST PALM BEACH, FL 93,96294.0k $8.9m $8.9m 0.08% Added +88.7k +88,678
80 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 85,00485.0k $8.0m $8.0m 0.00% Added +11.6k +11,561
81 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 82,77782.8k $7.8m $7.8m 0.01% Added +77.5k +77,463
82 Andra AP-fonden 0.13% of their portfolio GOTEBORG, V7 82,40082.4k $10.7m $10.7m 0.13% Added +30.3k +30,300
83 Sienna Gestion 0.47% of their portfolio PARIS, I0 82,40082.4k $7.8m $7.8m 0.47% Unchanged
84 UniSuper Management Pty Ltd 0.06% of their portfolio Melbourne, Victoria, C3 80,36480.4k $10.4m $10.4m 0.06% Added +1.7k +1,656
85 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 79,78679.8k $7.5m $7.5m 0.00% Unchanged
86 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 78,04778.0k $7.4m $7.4m 0.01% Reduced -7.3k -7,308
87 Addenda Capital Inc. 0.29% of their portfolio MONTREAL, A8 77,40077.4k $10.0m $10.0m 0.29% Reduced -8.4k -8,449
88 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 76,26276.3k $7.2m $7.2m 0.00% Reduced -4.7k -4,682
89 Canoe Financial LP 0.09% of their portfolio CALGARY, A0 73,84873.8k $7.0m $7.0m 0.09% Reduced -1.4k -1,357
90 NIA IMPACT ADVISORS, LLC 2.28% of their portfolio OAKLAND, CA 72,01772.0k $6.8m $6.8m 2.28% Reduced -3.5k -3,521
91 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 69,83169.8k $6.6m $6.6m 0.04% Added +8.0k +7,998
92 ECOFI INVESTISSEMENTS SA 4.45% of their portfolio NANTERRE, I0 68,20068.2k $6.5m $6.5m 4.45% Reduced -2.1k -2,100
93 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.07% of their portfolio CHICAGO, IL 65,49665.5k $6.2m $6.2m 0.07% Reduced -27.2k -27,187
94 NICOLA WEALTH MANAGEMENT LTD. 0.55% of their portfolio VANCOUVER, A1 64,60064.6k $6.1m $6.1m 0.55% Reduced -16.6k -16,600
95 Waratah Capital Advisors Ltd. 0.46% of their portfolio TORONTO, A6 64,54164.5k $6.1m $6.1m 0.46% Reduced -1.6k -1,551
96 CIDEL ASSET MANAGEMENT INC 0.42% of their portfolio TORONTO, A6 63,21263.2k $6.0m $6.0m 0.42% Reduced -92.3k -92,318
97 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.03% of their portfolio VICTORIA, A1 60,60060.6k $5.7m $5.7m 0.03% Reduced -5.9k -5,943
98 Advisors Asset Management, Inc. 0.09% of their portfolio Monument, CO 54,25354.3k $5.1m $5.1m 0.09% Added +3.0k +3,050
99 APG Asset Management N.V. 0.01% of their portfolio Amsterdam, P7 53,43253.4k $4.3m $4.3m 0.01% Reduced -4.2k -4,168
100 Aviso Financial Inc. 0.19% of their portfolio TORONTO, A6 52,26852.3k $4.9m $4.9m 0.19% Added +15.9k +15,864