Vault-13

TRICON RESIDENTIAL INC TCN

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

152 institutional holders +12 vs Q3 2023
158,619,041158.6m shares reported held*
$1.4bnreported value*
27 new 56 added 54 reduced 16 sold out net bought ≈ $7.6m (+837.1k 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 ($374.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.13. Options: 4 managers hold calls ($585.7k notional), 5 hold puts ($325.9k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 133Q4 22: 135Q1 23: 138Q2 23: 145Q3 23: 140Q4 23: 152152Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022133
Q4 2022135
Q1 2023138
Q2 2023145
Q3 2023140
Q4 2023152

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 23Q2 23: 72 bought or addedQ2 23: 68 cut or sold outQ2 23Q3 23: 68 bought or addedQ3 23: 68 cut or sold outQ3 23Q4 23: 83 bought or addedQ4 23: 70 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227464
Q1 20237456
Q2 20237268
Q3 20236868
Q4 20238370

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 23 calls: $4.3mQ1 23 puts: $3.3mQ1 23P/C 0.77Q2 23 calls: $4.6mQ2 23 puts: $4.3mQ2 23P/C 0.95Q3 23 calls: $2.3mQ3 23 puts: $528.7kQ3 23P/C 0.23Q4 23 calls: $585.7kQ4 23 puts: $325.9kQ4 23P/C 0.56
Numbers
QuarterCallsPutsP/C
Q1 2023$4.3m$3.3m0.77
Q2 2023$4.6m$4.3m0.95
Q3 2023$2.3m$528.7k0.23
Q4 2023$585.7k$325.9k0.56

Biggest buyers

PRUDENTIAL FINANCIAL INC New +5,310,217+5.3m
JPMORGAN CHASE & CO Added +2,560,403+2.6m
Heitman Real Estate Securities LLC New +2,537,968+2.5m
MILLENNIUM MANAGEMENT LLC Added +2,041,057+2.0m
CITADEL ADVISORS LLC Added +1,632,542+1.6m
Vision Capital Corp New +1,055,000+1.1m
Schonfeld Strategic Advisors LLC Added +995,087+995.1k
WELLINGTON MANAGEMENT GROUP LLP Added +981,023+981.0k
ROYAL BANK OF CANADA Added +828,448+828.4k
Waterfront Capital Partners, LLC New +798,252+798.3k

Biggest sellers

JANUS HENDERSON GROUP PLC Sold out -6,226,592-6.2m
BANK OF MONTREAL /CAN/ Reduced -3,147,948-3.1m
Balyasny Asset Management L.P. Reduced -2,204,733-2.2m
Point72 Asset Management, L.P. Sold out -1,902,000-1.9m
Canoe Financial LP Reduced -1,618,966-1.6m
CENTERSQUARE INVESTMENT MANAGEMENT LLC Reduced -1,207,211-1.2m
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC Reduced -1,196,982-1.2m
Hillsdale Investment Management Inc. Reduced -727,000-727.0k
Fiera Capital Corp Sold out -642,561-642.6k
Verition Fund Management LLC Reduced -579,662-579.7k

Biggest calls

CITADEL ADVISORS LLC Reduced $575.1k63.2k shares
SIMPLEX TRADING, LLC Reduced $6.0k700 shares
GROUP ONE TRADING LLC Reduced $4.5k500 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $169.3k18.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $141.1k15.5k shares
SIMPLEX TRADING, LLC Added $11.0k1.3k shares
GROUP ONE TRADING LLC Reduced $4.5k500 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 T. Rowe Price Investment Management, Inc. 0.11% of their portfolio BALTIMORE, MD 18,546,89518.5m $168.8m $168.8m 0.11% Added +396.1k +396,118
2 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 15,131,19415.1m $139.1m $139.1m 0.05% Reduced -3.1m -3,147,948
3 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 13,993,42314.0m $127.3m $127.3m 0.03% Added +828.4k +828,448
4 1832 Asset Management L.P. 0.22% of their portfolio TORONTO, A6 13,039,66513.0m $118.7m $118.7m 0.22% Added +471.7k +471,700
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,469,34411.5m $104.4m $104.4m 0.00% Reduced -61.9k -61,922
6 CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.93% of their portfolio CONSHOHOCKEN, PA 9,109,3509.1m $82.9m $82.9m 0.93% Reduced -1.2m -1,207,211
7 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 6,613,5426.6m $60.2m $60.2m 0.07% Reduced -60.0k -59,957
8 Land & Buildings Investment Management, LLC 12.13% of their portfolio STAMFORD, CT 5,800,3145.8m $52.8m $52.8m 12.13% Reduced -398.9k -398,866
9 PRUDENTIAL FINANCIAL INC 0.07% of their portfolio NEWARK, NJ 5,310,2175.3m $48.4m $48.4m 0.07% New
10 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 5,027,5815.0m $45.8m $45.8m 0.01% Added +981.0k +981,023
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,163,6663.2m $28.8m $28.8m 0.00% Added +2.6m +2,560,403
12 NORGES BANK 0.00% of their portfolio OSLO, Q8 3,035,2793.0m $27.6m $27.6m 0.00% Added +55.4k +55,423
13 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 2,921,3932.9m $26.6m $26.6m 0.03% Added +2.0m +2,041,057
14 Heitman Real Estate Securities LLC 1.25% of their portfolio Chicago, IL 2,537,9682.5m $23.1m $23.1m 1.25% New
15 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 2,460,7652.5m $22.4m $22.4m 0.02% Added +1.6m +1,632,542
16 Alberta Investment Management Corp 0.19% of their portfolio EDMONTON, A0 2,261,1002.3m $20.6m $20.6m 0.19% Unchanged
17 Schonfeld Strategic Advisors LLC 0.14% of their portfolio NEW YORK, NY 1,939,9061.9m $17.7m $17.7m 0.14% Added +995.1k +995,087
18 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,886,7331.9m $17.2m $17.2m 0.01% Added +257.7k +257,732
19 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.29% of their portfolio RADNOR, PA 1,784,0111.8m $16.2m $16.2m 0.29% Reduced -1.2m -1,196,982
20 Legal & General Group Plc 0.00% of their portfolio London, X0 1,329,7431.3m $12.2m $12.2m 0.00% Reduced -9.0k -9,025
21 INTACT INVESTMENT MANAGEMENT INC. 0.47% of their portfolio MONTREAL, A8 1,287,3071.3m $11.7m $11.7m 0.47% Added +384.5k +384,500
22 SCOTIA CAPITAL INC. 0.07% of their portfolio TORONTO, A6 1,220,2091.2m $11.1m $11.1m 0.07% Reduced -165.2k -165,200
23 CIBC Asset Management Inc 0.04% of their portfolio TORONTO, Z4 1,213,6121.2m $11.1m $11.1m 0.04% Added +65.2k +65,189
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,061,9421.1m $9.7m $9.7m 0.00% Added +113.5k +113,480
25 Vision Capital Corp 3.99% of their portfolio TORONTO, A6 1,055,0001.1m $9.6m $9.6m 3.99% New
26 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.13% of their portfolio AMSTERDAM, P7 1,005,5671.0m $9.2m $9.2m 0.13% Reduced -549.9k -549,892
27 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 1.10% of their portfolio MISSISSAUGA, A6 1,000,3961.0m $9.1m $9.1m 1.10% Reduced -350.5k -350,480
28 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 960,594960.6k $8.8m $8.8m 0.02% Reduced -86.6k -86,639
29 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 926,551926.6k $8.5m $8.5m 0.01% Added +25.2k +25,203
30 CIDEL ASSET MANAGEMENT INC 0.36% of their portfolio TORONTO, A6 908,932908.9k $8.3m $8.3m 0.36% Reduced -3.9k -3,900
31 PEREGRINE CAPITAL MANAGEMENT LLC 0.24% of their portfolio MINNEAPOLIS, MN 876,986877.0k $8.0m $8.0m 0.24% Reduced -112.0k -111,967
32 Lighthouse Investment Partners, LLC 0.57% of their portfolio Palm Beach Gardens, FL 855,000855.0k $7.8m $7.8m 0.57% Added +230.0k +230,000
33 Caldwell Investment Management Ltd. 5.68% of their portfolio TORONTO, A6 810,740810.7k $7.4m $7.4m 5.68% Added +715.0k +715,000
34 Waterfront Capital Partners, LLC 0.64% of their portfolio NEW YORK, NY 798,252798.3k $7.3m $7.3m 0.64% New
35 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 781,276781.3k $7.1m $7.1m 0.02% Reduced -2.2m -2,204,733
36 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 758,885758.9k $6.9m $6.9m 0.07% Reduced -579.7k -579,662
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 728,254728.3k $6.6m $6.6m 0.00% Added +503.7k +503,673
38 Anson Funds Management LP 1.23% of their portfolio DALLAS, TX 698,705698.7k $6.4m $6.4m 1.23% Reduced -67.7k -67,663
39 AEW CAPITAL MANAGEMENT L P 0.22% of their portfolio BOSTON, MA 664,030664.0k $6.0m $6.0m 0.22% New
40 Ewing Morris & Co. Investment Partners Ltd. 3.93% of their portfolio TORONTO, Z4 600,714600.7k $5.5m $5.5m 3.93% Reduced -211.1k -211,119
41 Pembroke Management, LTD 0.88% of their portfolio Montreal, A8 590,256590.3k $7.1m $7.1m 0.88% Reduced -450.6k -450,617
42 BECK MACK & OLIVER LLC 0.12% of their portfolio NEW YORK, NY 582,941582.9k $5.3m $5.3m 0.12% Added +16.2k +16,250
43 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 548,400548.4k $5.0m $5.0m 0.01% Added +199.5k +199,500
44 Swiss National Bank 0.00% of their portfolio ZURICH, V8 512,400512.4k $4.7m $4.7m 0.00% Reduced -62.2k -62,200
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 504,093504.1k $4.6m $4.6m 0.00% Reduced -181.7k -181,689
46 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 448,602448.6k $4.1m $4.1m 0.00% New
47 Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio VANCOUVER, A1 430,400430.4k $3.9m $3.9m 0.02% New
48 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 428,511428.5k $3.9m $3.9m 0.00% Added +87.8k +87,779
49 Onex Canada Asset Management Inc. 0.36% of their portfolio TORONTO, A6 403,191403.2k $3.7m $3.7m 0.36% Reduced -352.1k -352,136
50 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 378,026378.0k $3.4m $3.4m 0.00% Added +11.2k +11,220
51 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 349,085349.1k $3.2m $3.2m 0.00% Reduced -336.7k -336,736
52 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 343,890343.9k $3.1m $3.1m 0.01% Added +45.3k +45,300
53 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 336,492336.5k $3.1m $3.1m 0.01% Added +251.4k +251,352
54 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 285,386285.4k $2.6m $2.6m 0.00% Added +23.0k +23,007
55 HGI Capital Management, LLC 2.80% of their portfolio NEW YORK, NY 270,241270.2k $2.5m $2.5m 2.80% New
56 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 245,050245.1k $2.2m $2.2m 0.00% Reduced -4.1k -4,054
57 Heathbridge Capital Management Ltd. 0.95% of their portfolio TORONTO, A6 243,500243.5k $2.2m $2.2m 0.95% New
58 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 235,710235.7k $2.1m $2.1m 0.00% Reduced -21.0k -21,010
59 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 211,435211.4k $1.9m $1.9m 0.02% Added +67.7k +67,674
60 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 210,229210.2k $1.9m $1.9m 0.00% New
61 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 207,407207.4k $1.9m $1.9m 0.00% Added +4.9k +4,942
62 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 204,220204.2k $1.9m $1.9m 0.02% New
63 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 184,290184.3k $1.7m $1.7m 0.03% Added +29.9k +29,903
64 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 181,671181.7k $1.7m $1.7m 0.00% Reduced -214.6k -214,633
65 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 175,505175.5k $1.6m $1.6m 0.00% Added +13.9k +13,943
66 Vestcor Inc 0.05% of their portfolio FREDERICTON, A3 165,700165.7k $1.5m $1.5m 0.05% Reduced -11.6k -11,600
67 FIRST MANHATTAN CO. LLC. 0.01% of their portfolio NEW YORK, NY 165,110165.1k $1.5m $1.5m 0.01% Reduced -43.0k -43,000
68 Amundi 0.00% of their portfolio Paris, I0 164,372164.4k $1.5m $1.5m 0.00% Reduced -24.8k -24,773
69 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 159,710159.7k $1.5m $1.5m 0.00% Unchanged
70 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 157,300157.3k $1.4m $1.4m 0.00% New
71 Tacita Capital Inc 1.02% of their portfolio TORONTO, A6 150,360150.4k $1.4m $1.4m 1.02% Added +3.0k +2,990
72 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 145,577145.6k $1.3m $1.3m 0.00% Added +6.2k +6,236
73 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 133,480133.5k $1.2m $1.2m 0.04% New
74 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 133,311133.3k $1.2m $1.2m 0.00% Added +19.6k +19,645
75 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 132,512132.5k $1.2m $1.2m 0.00% Added +19.0k +19,011
76 DORCHESTER WEALTH MANAGEMENT Co 0.22% of their portfolio MONTREAL, A8 131,809131.8k $1.2m $1.2m 0.22% Reduced -5.6k -5,625
77 PDT Partners, LLC 0.12% of their portfolio New York, NY 122,918122.9k $1.1m $1.1m 0.12% Added +12.3k +12,306
78 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 119,033119.0k $1.1m $1.1m 0.00% New
79 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 114,232114.2k $1.0m $1.0m 0.00% Added +6.1k +6,064
80 BAYVIEW ASSET MANAGEMENT, LLC 0.57% of their portfolio CORAL GABLES, FL 110,000110.0k $1.0m $1.0m 0.57% Reduced -115.0k -115,000
81 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 108,359108.4k $986.1k $986.1k 0.00% Reduced -2.4k -2,379
82 Greenland Capital Management LP 0.14% of their portfolio NEW YORK, NY 102,951103.0k $936.9k $936.9k 0.14% Reduced -42.0k -42,049
83 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 102,743102.7k $939.7k $939.7k 0.00% Added +6.7k +6,727
84 NICOLA WEALTH MANAGEMENT LTD. 0.13% of their portfolio VANCOUVER, A1 102,200102.2k $1.2m $1.2m 0.13% New
85 Canoe Financial LP 0.02% of their portfolio CALGARY, A0 98,55098.5k $897.0k $897.0k 0.02% Reduced -1.6m -1,618,966
86 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 96,75396.8k $880.5k $880.5k 0.00% Reduced -212 -212
87 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio JUPITER, FL 77,46377.5k $704.9k $704.9k 0.00% New
88 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 76,73376.7k $698.3k $698.3k 0.02% Added +41.1k +41,057
89 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 74,37974.4k $680.3k $680.3k 0.00% Reduced -3.6k -3,621
90 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 71,88271.9k $654.1k $654.1k 0.00% New
91 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 70,07770.1k $637.7k $637.7k 0.00% New
92 UniSuper Management Pty Ltd 0.01% of their portfolio Melbourne, Victoria, C3 68,60068.6k $827.3k $827.3k 0.01% Unchanged
93 UBS Group AG 0.00% of their portfolio ZURICH, V8 68,57568.6k $624.0k $624.0k 0.00% Added +5.8k +5,807
94 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 68,54968.5k $623.8k $623.8k 0.00% Reduced -23.0k -22,976
95 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 65,37365.4k $594.0k $594.0k 0.01% Added +3.3k +3,313
96 Campbell & CO Investment Adviser LLC 0.05% of their portfolio BALTIMORE, MD 60,69760.7k $552.3k $552.3k 0.05% New
97 Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio HONG KONG, K3 60,35960.4k $549.3k $549.3k 0.05% New
98 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 57,87257.9k $515.0k $515.0k 0.00% Unchanged
99 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 52,13652.1k $474.5k $474.5k 0.00% Added +3.7k +3,701
100 Mariner, LLC 0.00% of their portfolio Overland Park, KS 47,06647.1k $428.3k $428.3k 0.00% Reduced -61.0k -61,050