Vault-13

STANTEC INC STN

COM · Common Stock · CUSIP 85472N109 · ISIN CA85472N1096

International professional services company in the design and consulting industry.

308 institutional holders +20 vs Q4 2025
67,953,44868.0m shares reported held*
59.6% of all shares outstanding*
$5.9bnreported value*
38 new 110 added 98 reduced 23 sold out net bought ≈ $132.0m (+1.6m 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 ($67.6m 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 ≈ $86.60. Options: 5 managers hold calls ($2.0m notional), 2 hold puts ($1.6m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 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: 288Q1 26: 308308Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026308

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 94 bought or addedQ2 24: 122 cut or sold outQ3 24: 108 bought or addedQ3 24: 104 cut or sold outQ3 24Q4 24: 116 bought or addedQ4 24: 90 cut or sold outQ1 25: 137 bought or addedQ1 25: 101 cut or sold outQ1 25Q2 25: 150 bought or addedQ2 25: 111 cut or sold outQ3 25: 132 bought or addedQ3 25: 118 cut or sold outQ3 25Q4 25: 146 bought or addedQ4 25: 121 cut or sold outQ1 26: 148 bought or addedQ1 26: 121 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202494122
Q3 2024108104
Q4 202411690
Q1 2025137101
Q2 2025150111
Q3 2025132118
Q4 2025146121
Q1 2026148121

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 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 0.54Q1 26 calls: $2.0mQ1 26 puts: $1.6mQ1 26P/C 0.77
Numbers
QuarterCallsPutsP/C
Q2 2025$3.8m$5.1m1.34
Q3 2025$2.9m$3.2m1.13
Q4 2025$1.1m$566.2k0.54
Q1 2026$2.0m$1.6m0.77

Biggest buyers

Pictet Asset Management Holding SA Added +557,434+557.4k
MILLENNIUM MANAGEMENT LLC Added +433,426+433.4k
BANK OF MONTREAL /CAN/ Added +278,833+278.8k
TD Waterhouse Canada Inc. Added +273,966+274.0k
CANADA PENSION PLAN INVESTMENT BOARD Added +238,816+238.8k
TWO SIGMA INVESTMENTS, LP Added +193,424+193.4k
ACADIAN ASSET MANAGEMENT LLC Added +187,080+187.1k
Martin Investment Management, LLC New +184,293+184.3k
CITADEL ADVISORS LLC Added +162,133+162.1k
QV Investors Inc. New +160,335+160.3k

Biggest sellers

MACKENZIE FINANCIAL CORP Reduced -1,069,243-1.1m
Connor, Clark & Lunn Investment Management Ltd. Reduced -392,700-392.7k
ROYAL BANK OF CANADA Reduced -371,841-371.8k
TWO SIGMA ADVISERS, LP Sold out -247,267-247.3k
Cumberland Partners Ltd Reduced -147,509-147.5k
Grandeur Peak Global Advisors, LLC Sold out -114,200-114.2k
NEUBERGER BERMAN GROUP LLC Reduced -100,436-100.4k
Allianz Asset Management GmbH Reduced -93,422-93.4k
NISSAY ASSET MANAGEMENT CORP /JAPAN Reduced -84,532-84.5k
UBS Group AG Reduced -83,255-83.3k

Biggest calls

SIG North Trading, ULC Added $1.3m14.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $371.5k4.3k shares
TORONTO DOMINION BANK New $207.5k2.4k shares
NATIONAL BANK OF CANADA /FI/ New $121.0k14 shares
SIMPLEX TRADING, LLC New $51.8k600 shares

Biggest puts

SIG North Trading, ULC Added $1.3m15.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $224.6k2.6k 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 Q1 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 in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 0.17% of their portfolio TORONTO, A6 4,743,5664.7m $410.2m $410.2m 0.17% Added +278.8k +278,833
2 1832 Asset Management L.P. 0.45% of their portfolio TORONTO, A6 3,927,6033.9m $339.3m $339.3m 0.45% Reduced -47.5k -47,529
3 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 3,760,1033.8m $324.9m $324.9m 0.06% Reduced -371.8k -371,841
4 Pictet Asset Management Holding SA 0.32% of their portfolio CAROUGE, V8 3,485,3883.5m $300.3m $300.3m 0.32% Added +557.4k +557,434
5 ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio NASHVILLE, TN 3,463,9703.5m $326.9m $326.9m 0.11% Reduced -20.8k -20,828
6 VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio MALVERN, PA 3,315,3213.3m $286.6m $286.6m 0.01% First filing
7 MACKENZIE FINANCIAL CORP 0.32% of their portfolio TORONTO ONTARIO, A6 3,105,1363.1m $268.4m $268.4m 0.32% Reduced -1.1m -1,069,243
8 Fiera Capital Corp 0.60% of their portfolio MONTREAL, A8 2,016,0342.0m $174.0m $174.0m 0.60% Added +35.1k +35,134
9 FMR LLC 0.01% of their portfolio BOSTON, MA 1,902,9821.9m $164.5m $164.5m 0.01% Reduced -151 -151
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,522,9211.5m $131.6m $131.6m 0.01% Added +151.0k +150,979
11 Man Group plc 0.27% of their portfolio LONDON, X0 1,520,8911.5m $131.1m $131.1m 0.27% Reduced -58.6k -58,646
12 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 1,394,7241.4m $120.5m $120.5m 0.10% Reduced -64.8k -64,772
13 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,276,9341.3m $110.3m $110.3m 0.01% Reduced -30.8k -30,753
14 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,140,6861.1m $98.6m $98.6m 0.01% Added +127.2k +127,229
15 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,119,4791.1m $98.1m $98.1m 0.01% Added +60.8k +60,759
16 BCV Asset Management Inc. 3.05% of their portfolio WINNIPEG, A2 1,029,4111.0m $88.7m $88.7m 3.05% Added +43.7k +43,660
17 VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio MALVERN, PA 1,002,8761.0m $86.7m $86.7m 0.02% First filing
18 PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio DES MOINES, IA 983,625983.6k $84.8m $84.8m 0.05% Added +51.6k +51,600
19 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 903,925903.9k $77.3m $77.3m 0.04% Reduced -2.5k -2,547
20 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 880,550880.5k $74.5m $74.5m 0.01% Added +96.2k +96,245
21 NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio MONTREAL, A8 875,748875.7k $75.0m $75.0m 0.08% Reduced -29.8k -29,757
22 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 842,189842.2k $72.8m $72.8m 0.01% Added +132.9k +132,887
23 Legal & General Group Plc 0.02% of their portfolio London, X0 840,754840.8k $72.5m $72.5m 0.02% Reduced -51.3k -51,315
24 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 827,771827.8k $71.3m $71.3m 0.08% Reduced -93.4k -93,422
25 Amundi 0.02% of their portfolio Paris, I0 825,641825.6k $80.9m $80.9m 0.02% Added +62.8k +62,845
26 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 801,207801.2k $69.0m $69.0m 0.06% Added +42.6k +42,600
27 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 763,617763.6k $66.0m $66.0m 0.05% Added +193.4k +193,424
28 TD Waterhouse Canada Inc. 0.19% of their portfolio TORONTO, A6 744,408744.4k $64.2m $64.2m 0.19% Added +274.0k +273,966
29 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 717,255717.3k $62.0m $62.0m 0.04% Added +238.8k +238,816
30 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 696,342696.3k $60.2m $60.2m 0.04% Added +5.0k +4,992
31 DekaBank Deutsche Girozentrale 0.10% of their portfolio FRANKFURT, 2M 685,175685.2k $59.5m $59.5m 0.10% Unchanged
32 Alberta Investment Management Corp 0.36% of their portfolio EDMONTON, A0 668,628668.6k $57.8m $57.8m 0.36% Added +77.6k +77,628
33 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 640,501640.5k $55.3m $55.3m 0.04% Added +433.4k +433,426
34 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 629,170629.2k $53.8m $53.8m 0.02% Reduced -40.9k -40,894
35 Russell Investments Group, Ltd. 0.06% of their portfolio Seattle, WA 611,640611.6k $52.5m $52.5m 0.06% Added +64.5k +64,489
36 Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio VANCOUVER, A1 599,913599.9k $51.9m $51.9m 0.12% Reduced -392.7k -392,700
37 TORONTO DOMINION BANK 0.09% of their portfolio TORONTO, ONTARIO, A6 550,235550.2k $47.6m $47.6m 0.09% Added +113.6k +113,566
38 Federation des caisses Desjardins du Quebec 0.17% of their portfolio LEVIS, A8 546,139546.1k $46.1m $46.1m 0.17% Added +5.9k +5,924
39 BlackRock, Inc. 0.00% of their portfolio New York, NY 515,600515.6k $44.5m $44.5m 0.00% Added +7.4k +7,442
40 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 458,993459.0k $39.7m $39.7m 0.01% Added +88.4k +88,417
41 Vanguard Global Advisers, LLC 0.02% of their portfolio MALVERN, PA 456,573456.6k $39.5m $39.5m 0.02% First filing
42 Vontobel Holding Ltd. 0.13% of their portfolio ZURICH, V8 433,004433.0k $37.4m $37.4m 0.13% Added +27.8k +27,816
43 Swiss National Bank 0.02% of their portfolio ZURICH, V8 383,970384.0k $33.1m $33.1m 0.02% Added +81.7k +81,700
44 GUARDIAN CAPITAL LP 0.84% of their portfolio TORONTO, A6 366,389366.4k $31.6m $31.6m 0.84% Added +71.7k +71,705
45 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 365,789365.8k $31.6m $31.6m 0.01% Added +8.8k +8,791
46 ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio Boston, MA 364,700364.7k $31.4m $31.4m 0.04% Added +187.1k +187,080
47 CIBC WORLD MARKET INC. 0.06% of their portfolio TORONTO, A6 364,027364.0k $31.5m $31.5m 0.06% Added +95.7k +95,719
48 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 308,338308.3k $854.6k $854.6k 0.00% Reduced -10.4k -10,398
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 307,389307.4k $26.6m $26.6m 0.00% Reduced -83.3k -83,255
50 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 307,054307.1k $26.5m $26.5m 0.02% Added +162.1k +162,133
51 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 304,600304.6k $26.3m $26.3m 0.02% Added +20.9k +20,900
52 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 298,682298.7k $25.7m $25.7m 0.00% Added +10.4k +10,355
53 JUPITER ASSET MANAGEMENT LTD 0.13% of their portfolio London, X0 279,438279.4k $24.1m $24.1m 0.13% Unchanged
54 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 277,834277.8k $24.0m $24.0m 0.03% Added +65.4k +65,423
55 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 251,335251.3k $21.7m $21.7m 0.01% Reduced -36.4k -36,381
56 SCOTIA CAPITAL INC. 0.08% of their portfolio TORONTO, A6 240,689240.7k $20.4m $20.4m 0.08% Added +46.8k +46,792
57 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 235,204235.2k $20.3m $20.3m 0.01% Reduced -33.2k -33,184
58 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 235,154235.2k $20.3m $20.3m 0.02% Added +50.0k +50,008
59 Northwest & Ethical Investments L.P. 0.44% of their portfolio TORONTO, A6 220,474220.5k $19.0m $19.0m 0.44% Reduced -16.2k -16,161
60 Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio ZURICH, V8 209,029209.0k $18.0m $18.0m 0.04% Reduced -29.3k -29,269
61 NICOLA WEALTH MANAGEMENT LTD. 2.10% of their portfolio VANCOUVER, A1 202,800202.8k $17.5m $17.5m 2.10% Added +138.2k +138,200
62 Martin Investment Management, LLC 4.77% of their portfolio PALM BEACH GARDENS, FL 184,293184.3k $15.9m $15.9m 4.77% New
63 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 182,934182.9k $15.8m $15.8m 0.00% Added +35.3k +35,341
64 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 182,915182.9k $15.8m $15.8m 0.02% Added +28.3k +28,293
65 VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio London, EC4N 8AF, X0 178,380178.4k $15.4m $15.4m 0.01% First filing
66 Swiss Life Asset Management Ltd 0.07% of their portfolio Zurich, V8 172,158172.2k $14.9m $14.9m 0.07% Added +11.6k +11,624
67 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 165,079165.1k $14.2m $14.2m 0.03% Added +46.4k +46,420
68 CIDEL ASSET MANAGEMENT INC 0.77% of their portfolio TORONTO, A6 163,724163.7k $14.1m $14.1m 0.77% Added +100.5k +100,512
69 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 163,141163.1k $13.8m $13.8m 0.02% Added +493 +493
70 QV Investors Inc. 1.12% of their portfolio CALGARY, A0 160,335160.3k $13.8m $13.8m 1.12% New
71 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 153,432153.4k $13.3m $13.3m 0.02% Reduced -10.4k -10,367
72 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 135,982136.0k $11.7m $11.7m 0.00% Reduced -16.7k -16,713
73 J. Safra Sarasin Holding AG 0.20% of their portfolio BASEL, V8 135,144135.1k $11.6m $11.6m 0.20% Reduced -24.9k -24,896
74 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 128,013128.0k $11.1m $11.1m 0.01% Added +103.5k +103,491
75 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 120,878120.9k $10.4m $10.4m 0.00% Added +41.1k +41,092
76 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 120,534120.5k $10.3m $10.3m 0.01% Reduced -100.4k -100,436
77 Quadrature Capital Ltd 0.12% of their portfolio LONDON, X0 115,543115.5k $10.0m $10.0m 0.12% New
78 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 108,849108.8k $9.4m $9.4m 0.02% Added +3.7k +3,679
79 AVIVA PLC 0.01% of their portfolio LONDON, X0 98,36198.4k $8.5m $8.5m 0.01% Added +2.1k +2,115
80 Varma Mutual Pension Insurance Co 0.05% of their portfolio Varma, H9 98,30098.3k $8.5m $8.5m 0.05% Unchanged
81 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.05% of their portfolio VICTORIA, A1 97,52097.5k $8.4m $8.4m 0.05% Added +36.9k +36,920
82 Sienna Gestion 0.46% of their portfolio PARIS, I0 82,40082.4k $7.0m $7.0m 0.46% Unchanged
83 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 80,84680.8k $7.0m $7.0m 0.00% Reduced -4.2k -4,158
84 UniSuper Management Pty Ltd 0.06% of their portfolio Melbourne, Victoria, C3 80,36480.4k $9.7m $9.7m 0.06% Unchanged
85 LOUISBOURG INVESTMENTS INC. 1.28% of their portfolio DIEPPE, A3 78,56878.6k $6.8m $6.8m 1.28% Added +36.6k +36,563
86 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 77,75077.8k $6.7m $6.7m 0.01% Reduced -48.0k -48,050
87 Addenda Capital Inc. 0.26% of their portfolio MONTREAL, A8 77,40077.4k $9.3m $9.3m 0.26% Unchanged
88 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 74,38374.4k $6.4m $6.4m 0.01% Reduced -3.7k -3,664
89 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 70,74670.7k $6.1m $6.1m 0.00% Reduced -5.5k -5,516
90 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 69,47669.5k $6.0m $6.0m 0.00% Reduced -79.9k -79,910
91 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 67,80067.8k $5.9m $5.9m 0.00% Reduced -26.7k -26,670
92 NIA IMPACT ADVISORS, LLC 2.60% of their portfolio OAKLAND, CA 67,59267.6k $5.8m $5.8m 2.60% Reduced -4.4k -4,425
93 Waratah Capital Advisors Ltd. 0.50% of their portfolio TORONTO, A6 64,70064.7k $5.6m $5.6m 0.50% Added +159 +159
94 Canoe Financial LP 0.07% of their portfolio CALGARY, A0 63,15663.2k $5.5m $5.5m 0.07% Reduced -10.7k -10,692
95 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 62,01762.0k $5.4m $5.4m 0.01% Added +48.6k +48,632
96 Advisors Asset Management, Inc. 0.08% of their portfolio Monument, CO 58,96859.0k $5.1m $5.1m 0.08% Added +4.7k +4,715
97 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 58,90958.9k $5.1m $5.1m 0.01% Added +22.0k +22,036
98 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 58,79258.8k $5.1m $5.1m 0.01% Added +25.5k +25,466
99 SEB Asset Management AB 0.02% of their portfolio STOCKHOLM, V7 54,74854.7k $4.7m $4.7m 0.02% First filing
100 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 54,49354.5k $4.7m $4.7m 0.02% Reduced -15.3k -15,338