Vault-13

TRICON RESIDENTIAL INC TCN

COM NPV · Common Stock · CUSIP 89612W102 · ISIN CA89612W1023

138 institutional holders +3 vs Q4 2022
149,824,373149.8m shares reported held*
$1.2bnreported value*
15 new 59 added 44 reduced 12 sold out net sold ≈ $16.2m (-2.1m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.80. Options: 11 managers hold calls ($4.3m notional), 7 hold puts ($3.3m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 133Q4 22: 135Q1 23: 138138Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022133
Q4 2022135
Q1 2023138

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 74 bought or addedQ4 22: 64 cut or sold outQ4 22Q1 23: 74 bought or addedQ1 23: 56 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227464
Q1 20237456

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $24.0mQ3 22 puts: $3.0mQ3 22P/C 0.13Q4 22 calls: $5.4mQ4 22 puts: $2.2mQ4 22P/C 0.40Q1 23 calls: $4.3mQ1 23 puts: $3.3mQ1 23P/C 0.77
Numbers
QuarterCallsPutsP/C
Q3 2022$24.0m$3.0m0.13
Q4 2022$5.4m$2.2m0.40
Q1 2023$4.3m$3.3m0.77

Biggest buyers

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +5,585,010+5.6m
1832 Asset Management L.P. Added +1,901,528+1.9m
T. Rowe Price Investment Management, Inc. Added +1,880,512+1.9m
MACQUARIE GROUP LTD Added +1,695,687+1.7m
BANK OF MONTREAL /CAN/ Added +1,248,543+1.2m
Anson Funds Management LP Added +1,061,622+1.1m
Pembroke Management, LTD Added +685,356+685.4k
Alberta Investment Management Corp Added +519,888+519.9k
ROYAL BANK OF CANADA Added +450,577+450.6k
MILLENNIUM MANAGEMENT LLC Added +341,434+341.4k

Biggest sellers

COHEN & STEERS, INC. Reduced -8,230,145-8.2m
WELLINGTON MANAGEMENT GROUP LLP Reduced -4,407,924-4.4m
CITADEL ADVISORS LLC Reduced -1,533,772-1.5m
Vision Capital Corp Sold out -1,333,942-1.3m
Balyasny Asset Management L.P. Reduced -1,018,369-1.0m
Fiera Capital Corp Reduced -655,128-655.1k
FIL Ltd Reduced -424,257-424.3k
TWO SIGMA INVESTMENTS, LP Reduced -330,100-330.1k
Timelo Investment Management Inc. Sold out -310,000-310.0k
AMERICAN CENTURY COMPANIES INC Reduced -290,448-290.4k

Biggest calls

D. E. Shaw & Co., Inc. New $2.0m253.5k shares
JANE STREET GROUP, LLC Added $977.7k126.1k shares
CITADEL ADVISORS LLC Reduced $461.1k59.5k shares
Parallax Volatility Advisers, L.P. Unchanged $387.5k50.0k shares
SIG North Trading, ULC New $179.0k23.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $122.5k15.8k shares
ROYAL BANK OF CANADA New $78.0k10.0k shares
PEAK6 Investments LLC Unchanged $69.8k9.0k shares
SIMPLEX TRADING, LLC Reduced $18.0k2.4k shares
GROUP ONE TRADING LLC Reduced $8.5k1.1k shares

Biggest puts

D. E. Shaw & Co., Inc. Reduced $1.9m250.0k shares
PEAK6 Investments LLC Added $1.1m137.0k shares
SIG North Trading, ULC Added $142.6k18.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $91.5k11.8k shares
SIMPLEX TRADING, LLC Added $28.0k3.7k shares
CITADEL ADVISORS LLC Reduced $21.7k2.8k 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 19,259,14619.3m $149.3m $149.3m 0.06% Added +1.2m +1,248,543
2 T. Rowe Price Investment Management, Inc. 0.10% of their portfolio BALTIMORE, MD 18,368,33618.4m $142.4m $142.4m 0.10% Added +1.9m +1,880,512
3 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 13,452,81813.5m $104.3m $104.3m 0.03% Added +450.6k +450,577
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,301,76811.3m $87.6m $87.6m 0.00% Added +222.9k +222,922
5 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 7,426,4707.4m $57.5m $57.5m 0.04% Added +20.0k +20,040
6 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 7,112,1407.1m $55.1m $55.1m 0.07% Added +1.7m +1,695,687
7 1832 Asset Management L.P. 0.10% of their portfolio TORONTO, A6 6,419,5256.4m $49.8m $49.8m 0.10% Added +1.9m +1,901,528
8 COHEN & STEERS, INC. 0.10% of their portfolio NEW YORK, NY 5,842,2135.8m $45.3m $45.3m 0.10% Reduced -8.2m -8,230,145
9 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.46% of their portfolio VICTORIA, A1 5,701,7225.7m $44.2m $44.2m 0.46% Added +5.6m +5,585,010
10 Anson Funds Management LP 4.27% of their portfolio DALLAS, TX 3,906,4283.9m $30.3m $30.3m 4.27% Added +1.1m +1,061,622
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,149,7243.1m $24.4m $24.4m 0.00% Reduced -4.4m -4,407,924
12 Canoe Financial LP 0.33% of their portfolio CALGARY, A0 3,075,6173.1m $23.8m $23.8m 0.33% First filing
13 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.41% of their portfolio RADNOR, PA 3,039,0573.0m $23.6m $23.6m 0.41% Reduced -56.2k -56,241
14 NORGES BANK 0.00% of their portfolio OSLO, Q8 2,848,7062.8m $22.1m $22.1m 0.00% Added +74.1k +74,133
15 Pembroke Management, LTD 2.73% of their portfolio Montreal, A8 2,383,3032.4m $25.0m $25.0m 2.73% Added +685.4k +685,356
16 Alberta Investment Management Corp 0.17% of their portfolio EDMONTON, A0 2,261,1002.3m $17.5m $17.5m 0.17% Added +519.9k +519,888
17 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 1,944,7971.9m $15.1m $15.1m 0.02% Added +275.4k +275,443
18 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 1,838,7981.8m $14.3m $14.3m 0.05% Reduced -1.0m -1,018,369
19 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,638,9261.6m $12.7m $12.7m 0.01% Added +45.6k +45,647
20 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 1,553,3121.6m $12.0m $12.0m 0.01% Added +341.4k +341,434
21 Legal & General Group Plc 0.00% of their portfolio London, X0 1,296,9151.3m $10.0m $10.0m 0.00% Added +84.8k +84,779
22 Onex Canada Asset Management Inc. 0.54% of their portfolio TORONTO, A6 1,288,3261.3m $10.0m $10.0m 0.54% Reduced -117.7k -117,706
23 Fiera Capital Corp 0.03% of their portfolio MONTREAL, A8 1,257,5691.3m $9.7m $9.7m 0.03% Reduced -655.1k -655,128
24 CIBC Asset Management Inc 0.04% of their portfolio TORONTO, Z4 1,153,8241.2m $8.9m $8.9m 0.04% Reduced -86.8k -86,832
25 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 1,117,2091.1m $8.7m $8.7m 0.01% Added +30.3k +30,273
26 INTACT INVESTMENT MANAGEMENT INC. 0.34% of their portfolio MONTREAL, A8 1,073,9071.1m $8.3m $8.3m 0.34% Added +198.4k +198,400
27 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.96% of their portfolio MISSISSAUGA, A6 1,059,4281.1m $8.2m $8.2m 0.96% Added +334.8k +334,790
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,035,4031.0m $8.0m $8.0m 0.00% Reduced -201.2k -201,241
29 SCOTIA CAPITAL INC. 0.06% of their portfolio TORONTO, A6 1,008,5041.0m $7.8m $7.8m 0.06% Added +58.9k +58,932
30 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 930,570930.6k $7.2m $7.2m 0.03% Added +71.9k +71,917
31 CIDEL ASSET MANAGEMENT INC 0.32% of their portfolio TORONTO, A6 907,869907.9k $7.0m $7.0m 0.32% Unchanged
32 Ewing Morris & Co. Investment Partners Ltd. 4.99% of their portfolio TORONTO, Z4 810,463810.5k $6.3m $6.3m 4.99% Added +55.6k +55,557
33 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 717,558717.6k $5.6m $5.6m 0.09% Added +286.1k +286,130
34 CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.06% of their portfolio CONSHOHOCKEN, PA 624,100624.1k $4.8m $4.8m 0.06% Reduced -71.0k -71,000
35 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 618,712618.7k $4.8m $4.8m 0.01% Reduced -12.6k -12,600
36 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 615,400615.4k $4.8m $4.8m 0.01% Added +151.8k +151,800
37 Voss Capital, LP 0.60% of their portfolio HOUSTON, TX 606,403606.4k $4.7m $4.7m 0.60% Reduced -22.4k -22,381
38 FIL Ltd 0.01% of their portfolio HAMILTON, D0 603,425603.4k $4.7m $4.7m 0.01% Reduced -424.3k -424,257
39 Public Sector Pension Investment Board 0.03% of their portfolio MONTREAL, A8 569,909569.9k $4.4m $4.4m 0.03% Added +39.0k +38,971
40 Swiss National Bank 0.00% of their portfolio ZURICH, V8 565,200565.2k $4.4m $4.4m 0.00% Reduced -65.8k -65,800
41 BECK MACK & OLIVER LLC 0.11% of their portfolio NEW YORK, NY 506,482506.5k $3.9m $3.9m 0.11% Added +29.8k +29,766
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 465,064465.1k $3.6m $3.6m 0.00% Added +60.3k +60,272
43 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 443,900443.9k $3.4m $3.4m 0.02% Reduced -257.9k -257,900
44 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 402,720402.7k $3.1m $3.1m 0.00% Reduced -1.5m -1,533,772
45 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 384,302384.3k $3.0m $3.0m 0.00% Reduced -8.9k -8,905
46 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 336,981337.0k $2.6m $2.6m 0.00% Reduced -46.1k -46,077
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 303,890303.9k $2.4m $2.4m 0.00% Added +40.6k +40,614
48 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 292,882292.9k $2.3m $2.3m 0.01% Reduced -330.1k -330,100
49 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 278,935278.9k $2.2m $2.2m 0.00% Added +53.8k +53,761
50 Baskin Financial Services Inc. 0.22% of their portfolio TORONTO, A6 274,167274.2k $2.1m $2.1m 0.22% Reduced -656 -656
51 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 268,713268.7k $2.1m $2.1m 0.00% Added +234.3k +234,282
52 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 247,230247.2k $1.9m $1.9m 0.02% Added +228.9k +228,899
53 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 239,707239.7k $1.9m $1.9m 0.00% Added +11.1k +11,125
54 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 233,185233.2k $1.8m $1.8m 0.00% Added +8.2k +8,226
55 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 226,363226.4k $1.7m $1.7m 0.00% Reduced -252.6k -252,618
56 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 216,042216.0k $1.7m $1.7m 0.00% Added +38.0k +37,976
57 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 209,520209.5k $1.6m $1.6m 0.01% Unchanged
58 FIRST MANHATTAN CO. LLC. 0.01% of their portfolio NEW YORK, NY 202,810202.8k $1.6m $1.6m 0.01% Added +41.8k +41,815
59 Amundi 0.00% of their portfolio Paris, I0 175,026175.0k $1.4m $1.4m 0.00% Added +15.0k +14,999
60 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 167,500167.5k $1.3m $1.3m 0.00% Reduced -121.6k -121,600
61 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 164,600164.6k $1.3m $1.3m 0.01% Unchanged
62 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 159,710159.7k $1.2m $1.2m 0.00% Reduced -58.6k -58,600
63 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 148,923148.9k $1.2m $1.2m 0.00% Added +8.5k +8,496
64 PDT Partners, LLC 0.15% of their portfolio New York, NY 144,514144.5k $1.1m $1.1m 0.15% Added +38.3k +38,272
65 Tacita Capital Inc 0.82% of their portfolio TORONTO, A6 139,945139.9k $1.1m $1.1m 0.82% Reduced -1.2k -1,210
66 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 131,745131.7k $1.0m $1.0m 0.00% Added +1.9k +1,866
67 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 129,126129.1k $1.0m $1.0m 0.00% Added +3.7k +3,749
68 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 123,488123.5k $956.3k $956.3k 0.00% Unchanged
69 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 122,705122.7k $1.3m $1.3m 0.01% Reduced -42.1k -42,121
70 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 115,526115.5k $895.0k $895.0k 0.00% Added +15.0k +14,987
71 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 114,103114.1k $884.0k $884.0k 0.00% Reduced -121.4k -121,397
72 Aigen Investment Management, LP 0.11% of their portfolio NEW YORK, NY 103,668103.7k $803.9k $803.9k 0.11% New
73 Caldwell Investment Management Ltd. 0.74% of their portfolio TORONTO, A6 95,74095.7k $741.7k $741.7k 0.74% Unchanged
74 Rock Creek Group LLC 0.09% of their portfolio Washington, DC 94,51894.5k $732.5k $732.5k 0.09% Reduced -5.5k -5,482
75 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 92,94692.9k $720.3k $720.3k 0.00% Reduced -944 -944
76 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 90,20390.2k $698.5k $698.5k 0.00% Added +4.6k +4,605
77 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 89,54689.5k $694.0k $694.0k 0.02% Added +47.1k +47,135
78 ClariVest Asset Management LLC 0.03% of their portfolio SAN DIEGO, CA 87,80087.8k $680.0k $680.0k 0.03% Reduced -5.6k -5,600
79 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 85,43985.4k $661.6k $661.6k 0.00% Reduced -79.8k -79,837
80 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 79,17179.2k $613.0k $613.0k 0.03% New
81 PICTET ASSET MANAGEMENT SA 0.00% of their portfolio GENEVA 73, V8 78,98679.0k $611.6k $611.6k 0.00% Reduced -34.9k -34,922
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 72,99673.0k $565.7k $565.7k 0.00% Reduced -6.5k -6,521
83 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 72,64072.6k $562.0k $562.0k 0.01% Added +56.3k +56,314
84 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 69,04969.0k $535.4k $535.4k 0.00% Reduced -115.9k -115,871
85 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 68,70068.7k $531.9k $531.9k 0.01% Reduced -66.0k -66,000
86 Dynamic Technology Lab Private Ltd 0.05% of their portfolio SINGAPORE, U0 65,22065.2k $505.0k $505.0k 0.05% New
87 Mariner, LLC 0.00% of their portfolio Overland Park, KS 62,29562.3k $483.0k $483.0k 0.00% Added +2.8k +2,840
88 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 61,99962.0k $465.0k $465.0k 0.00% Added +9.1k +9,084
89 PEAK6 Investments LLC 0.03% of their portfolio CHICAGO, IL 54,77854.8k $424.5k $424.5k 0.03% New
90 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 54,50954.5k $422.7k $422.7k 0.01% Unchanged
91 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 54,02654.0k $418.0k $418.0k 0.01% Reduced -1.4k -1,385
92 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 48,78348.8k $378.1k $378.1k 0.00% New
93 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 46,87546.9k $363.1k $363.1k 0.00% Reduced -290.4k -290,448
94 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 46,14146.1k $357.0k $357.0k 0.00% Reduced -114.0k -113,971
95 SIG North Trading, ULC 0.15% of their portfolio Bala Cynwyd, PA 38,47938.5k $298.2k $298.2k 0.15% New
96 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 35,07835.1k $271.9k $271.9k 0.01% Added +20.3k +20,262
97 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 31,95132.0k $247.6k $247.6k 0.00% Reduced -23 -23
98 Petrus Trust Company, LTA 0.03% of their portfolio Dallas, TX 31,60331.6k $244.9k $244.9k 0.03% Reduced -9.9k -9,901
99 Greenland Capital Management LP 0.03% of their portfolio NEW YORK, NY 30,00030.0k $232.5k $232.5k 0.03% Added +5.0k +5,000
100 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 29,11629.1k $225.8k $225.8k 0.01% Added +326 +326