Vault-13

TRICON RESIDENTIAL INC TCN

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

167 institutional holders +15 vs Q4 2023
195,746,792195.7m shares reported held*
$2.2bnreported value*
64 new 37 added 44 reduced 50 sold out net bought ≈ $402.9m (+36.1m 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 ($18.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.17. Options: 6 managers hold calls ($1.4m notional), 6 hold puts ($1.9m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 133Q4 22: 135Q1 23: 138Q2 23: 145Q3 23: 140Q4 23: 152Q1 24: 167167Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022133
Q4 2022135
Q1 2023138
Q2 2023145
Q3 2023140
Q4 2023152
Q1 2024167

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 23Q1 24: 101 bought or addedQ1 24: 94 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20227464
Q1 20237456
Q2 20237268
Q3 20236868
Q4 20238370
Q1 202410194

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 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 0.56Q1 24 calls: $1.4mQ1 24 puts: $1.9mQ1 24P/C 1.38
Numbers
QuarterCallsPutsP/C
Q2 2023$4.6m$4.3m0.95
Q3 2023$2.3m$528.7k0.23
Q4 2023$585.7k$325.9k0.56
Q1 2024$1.4m$1.9m1.38

Biggest buyers

Pentwater Capital Management LP New +20,000,000+20.0m
FIL Ltd New +10,584,000+10.6m
GOLDMAN SACHS GROUP INC Added +8,816,386+8.8m
First Trust Capital Management L.P. New +7,408,447+7.4m
GLAZER CAPITAL, LLC New +6,455,601+6.5m
Balyasny Asset Management L.P. Added +5,594,341+5.6m
BANK OF AMERICA CORP /DE/ Added +5,014,318+5.0m
TUDOR INVESTMENT CORP ET AL New +5,001,114+5.0m
NEXPOINT ASSET MANAGEMENT, L.P. New +4,631,700+4.6m
PICTON MAHONEY ASSET MANAGEMENT New +4,400,000+4.4m

Biggest sellers

T. Rowe Price Investment Management, Inc. Sold out -18,546,895-18.5m
1832 Asset Management L.P. Reduced -13,039,564-13.0m
BANK OF MONTREAL /CAN/ Reduced -12,548,406-12.5m
CENTERSQUARE INVESTMENT MANAGEMENT LLC Sold out -9,109,350-9.1m
ROYAL BANK OF CANADA Reduced -6,871,382-6.9m
Land & Buildings Investment Management, LLC Sold out -5,800,314-5.8m
PRUDENTIAL FINANCIAL INC Sold out -5,310,217-5.3m
WELLINGTON MANAGEMENT GROUP LLP Sold out -5,027,581-5.0m
Heitman Real Estate Securities LLC Sold out -2,537,968-2.5m
CITADEL ADVISORS LLC Reduced -1,999,491-2.0m

Biggest calls

SIG North Trading, ULC First filing $686.8k61.6k shares
JANE STREET GROUP, LLC New $604.9k54.4k shares
CITADEL ADVISORS LLC Reduced $97.0k8.7k shares
SIMPLEX TRADING, LLC Reduced $5.0k500 shares
GROUP ONE TRADING LLC Reduced $3.3k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $976.7k87.6k shares
GROUP ONE TRADING LLC Added $470.5k42.2k shares
SIMPLEX TRADING, LLC Added $217.0k19.5k shares
CITADEL ADVISORS LLC Reduced $153.9k13.8k shares
SIG North Trading, ULC First filing $113.7k10.2k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pentwater Capital Management LP 3.66% of their portfolio Naples, FL 20,000,00020.0m $223.0m $223.0m 3.66% New
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,391,10611.4m $127.0m $127.0m 0.00% Reduced -78.2k -78,238
3 FIL Ltd 0.12% of their portfolio HAMILTON, D0 10,584,00010.6m $118.0m $118.0m 0.12% New
4 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 9,320,4799.3m $103.9m $103.9m 0.02% Added +8.8m +8,816,386
5 First Trust Capital Management L.P. 7.02% of their portfolio CHICAGO, IL 7,408,4477.4m $82.6m $82.6m 7.02% New
6 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 7,122,0417.1m $79.4m $79.4m 0.02% Reduced -6.9m -6,871,382
7 GLAZER CAPITAL, LLC 7.50% of their portfolio New York, NY 6,455,6016.5m $72.0m $72.0m 7.50% New
8 Balyasny Asset Management L.P. 0.18% of their portfolio Chicago, IL 6,375,6176.4m $71.1m $71.1m 0.18% Added +5.6m +5,594,341
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,742,5725.7m $64.0m $64.0m 0.01% Added +5.0m +5,014,318
10 MACQUARIE GROUP LTD 0.06% of their portfolio Sydney, NSW 2000, C3 5,139,3585.1m $57.3m $57.3m 0.06% Reduced -1.5m -1,474,184
11 TUDOR INVESTMENT CORP ET AL 0.68% of their portfolio STAMFORD, CT 5,001,1145.0m $55.8m $55.8m 0.68% New
12 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 4,756,0604.8m $53.0m $53.0m 0.05% Added +1.8m +1,834,667
13 NEXPOINT ASSET MANAGEMENT, L.P. 7.94% of their portfolio Dallas, TX 4,631,7004.6m $51.6m $51.6m 7.94% New
14 PICTON MAHONEY ASSET MANAGEMENT 2.06% of their portfolio Toronto, A6 4,400,0004.4m $49.1m $49.1m 2.06% New
15 TIG Advisors, LLC 5.60% of their portfolio New York, NY 4,304,1264.3m $48.0m $48.0m 5.60% New
16 ALPINE ASSOCIATES MANAGEMENT INC. 1.86% of their portfolio PALM BEACH, FL 4,286,7424.3m $47.8m $47.8m 1.86% New
17 Alberta Investment Management Corp 0.47% of their portfolio EDMONTON, A0 4,146,1004.1m $46.2m $46.2m 0.47% Added +1.9m +1,885,000
18 AQR Arbitrage LLC 1.61% of their portfolio Greenwich, CT 4,134,2824.1m $46.1m $46.1m 1.61% New
19 SYQUANT CAPITAL SAS 67.96% of their portfolio PARIS, I0 3,873,2973.9m $43.2m $43.2m 67.96% New
20 WATER ISLAND CAPITAL LLC 4.12% of their portfolio NEW YORK, NY 3,259,8803.3m $36.3m $36.3m 4.12% New
21 KRYGER CAPITAL Ltd 6.65% of their portfolio LONDON, X0 3,197,9613.2m $35.7m $35.7m 6.65% New
22 Absolute Gestao de Investimentos Ltda. 10.75% of their portfolio SAO PAULO, D5 3,127,6123.1m $34.9m $34.9m 10.75% New
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,049,6563.0m $34.0m $34.0m 0.00% Added +2.0m +1,987,714
24 NORGES BANK 0.01% of their portfolio OSLO, Q8 2,991,2263.0m $33.4m $33.4m 0.01% Reduced -44.1k -44,053
25 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 2,582,7882.6m $28.9m $28.9m 0.01% Reduced -12.5m -12,548,406
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,363,9002.4m $26.4m $26.4m 0.00% Reduced -799.8k -799,766
27 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 2,297,0712.3m $25.6m $25.6m 0.01% Added +2.2m +2,200,318
28 Quinn Opportunity Partners LLC 2.50% of their portfolio CHARLOTTESVILLE, VA 1,987,2422.0m $22.2m $22.2m 2.50% New
29 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 1,948,2771.9m $21.7m $21.7m 0.04% New
30 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.95% of their portfolio Tokyo, M0 1,696,1001.7m $18.9m $18.9m 0.95% New
31 HGC Investment Management Inc. 3.10% of their portfolio TORONTO, A6 1,560,4601.6m $17.4m $17.4m 3.10% New
32 Melqart Asset Management (UK) Ltd 1.22% of their portfolio London, X0 1,470,4461.5m $16.4m $16.4m 1.22% New
33 Polar Asset Management Partners Inc. 0.43% of their portfolio TORONTO, A6 1,450,0001.4m $16.2m $16.2m 0.43% New
34 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,407,4781.4m $15.7m $15.7m 0.01% Added +1.3m +1,338,903
35 Legal & General Group Plc 0.00% of their portfolio London, X0 1,286,1811.3m $14.3m $14.3m 0.00% Reduced -43.6k -43,562
36 P SCHOENFELD ASSET MANAGEMENT LP 6.32% of their portfolio NEW YORK, NY 1,268,1911.3m $14.1m $14.1m 6.32% New
37 Carmignac Gestion 0.22% of their portfolio PARIS, I0 1,259,9761.3m $14.0m $14.0m 0.22% New
38 Vision Capital Corp 3.56% of their portfolio TORONTO, A6 1,061,8311.1m $11.8m $11.8m 3.56% Added +6.8k +6,831
39 GARDNER LEWIS ASSET MANAGEMENT L P 3.43% of their portfolio CHADDS FORD, PA 1,024,0111.0m $11.4m $11.4m 3.43% New
40 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 1,016,1211.0m $11.3m $11.3m 0.01% Added +834.5k +834,450
41 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 1,004,3861.0m $11.2m $11.2m 0.03% Added +43.8k +43,792
42 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.32% of their portfolio CHICAGO, IL 1,000,0001.0m $11.2m $11.2m 0.32% Not comparable
43 Vazirani Asset Management LLC 31.01% of their portfolio NEW YORK, NY 1,000,0001.0m $11.2m $11.2m 31.01% New
44 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 982,232982.2k $11.0m $11.0m 0.10% Added +223.3k +223,347
45 Trium Capital LLP 4.04% of their portfolio LONDON, X0 966,193966.2k $10.8m $10.8m 4.04% Not comparable
46 CIDEL ASSET MANAGEMENT INC 0.79% of their portfolio TORONTO, A6 933,421933.4k $10.4m $10.4m 0.79% Added +24.5k +24,489
47 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 874,011874.0k $9.7m $9.7m 0.02% New
48 Maven Securities LTD 0.55% of their portfolio ST HELIER, Y9 825,000825.0k $9.2m $9.2m 0.55% New
49 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 712,358712.4k $7.9m $7.9m 0.01% Reduced -214.2k -214,193
50 Ewing Morris & Co. Investment Partners Ltd. 4.09% of their portfolio TORONTO, Z4 595,920595.9k $9.0m $9.0m 4.09% Reduced -4.8k -4,794
51 BARDIN HILL MANAGEMENT PARTNERS LP 2.72% of their portfolio NEW YORK, NY 575,179575.2k $6.4m $6.4m 2.72% New
52 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 571,550571.5k $6.4m $6.4m 0.05% New
53 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 548,400548.4k $6.1m $6.1m 0.01% Unchanged
54 Versor Investments LP 1.22% of their portfolio New York, NY 542,300542.3k $6.0m $6.0m 1.22% New
55 Swiss National Bank 0.00% of their portfolio ZURICH, V8 512,400512.4k $5.7m $5.7m 0.00% Unchanged
56 Vestcor Inc 0.19% of their portfolio FREDERICTON, A3 485,700485.7k $5.4m $5.4m 0.19% Added +320.0k +320,000
57 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 461,274461.3k $5.1m $5.1m 0.00% Reduced -2.0m -1,999,491
58 Anson Funds Management LP 0.37% of their portfolio DALLAS, TX 461,200461.2k $5.1m $5.1m 0.37% Reduced -237.5k -237,505
59 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 458,108458.1k $5.1m $5.1m 0.00% Added +80.1k +80,082
60 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 431,011431.0k $4.8m $4.8m 0.00% Added +2.5k +2,500
61 HARVEST MANAGEMENT LLC 3.81% of their portfolio New York, NY 400,000400.0k $4.5m $4.5m 3.81% New
62 Cinctive Capital Management LP 0.23% of their portfolio New York, NY 400,000400.0k $4.5m $4.5m 0.23% New
63 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 391,845391.8k $4.4m $4.4m 0.01% Added +55.4k +55,353
64 PRELUDE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio NEW YORK, NY 381,252381.3k $4.3m $4.3m 0.29% New
65 Yakira Capital Management, Inc. 1.47% of their portfolio Westport, CT 378,642378.6k $4.2m $4.2m 1.47% New
66 GABELLI & Co INVESTMENT ADVISERS, INC. 0.73% of their portfolio Rye, NY 377,550377.6k $4.2m $4.2m 0.73% New
67 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 354,973355.0k $4.0m $4.0m 0.00% Added +69.6k +69,587
68 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 347,838347.8k $3.9m $3.9m 0.07% New
69 MIRIA Asset Management Ltd 23.20% of their portfolio ST.JULIANS, O1 338,500338.5k $3.8m $3.8m 23.20% New
70 Westchester Capital Management, LLC 0.15% of their portfolio VALHALLA, NY 316,200316.2k $3.5m $3.5m 0.15% New
71 Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio Boston, MA 306,856306.9k $3.4m $3.4m 0.01% New
72 CIBC Asset Management Inc 0.01% of their portfolio TORONTO, Z4 299,731299.7k $3.3m $3.3m 0.01% Reduced -913.9k -913,881
73 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 294,048294.0k $3.3m $3.3m 0.00% Added +219.7k +219,669
74 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 280,819280.8k $3.1m $3.1m 0.00% Added +233.9k +233,851
75 Sagefield Capital LP 0.38% of their portfolio DALLAS, TX 278,700278.7k $3.1m $3.1m 0.38% New
76 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 266,975267.0k $3.0m $3.0m 0.01% Added +225.6k +225,579
77 Centiva Capital, LP 0.16% of their portfolio New York, NY 250,364250.4k $2.8m $2.8m 0.16% New
78 Silphium Asset Management Ltd 1.33% of their portfolio London, X0 230,000230.0k $2.6m $2.6m 1.33% New
79 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 212,050212.1k $2.4m $2.4m 0.00% Reduced -1.7m -1,674,683
80 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 210,229210.2k $2.3m $2.3m 0.00% Unchanged
81 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 206,574206.6k $2.3m $2.3m 0.00% Reduced -833 -833
82 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 199,605199.6k $2.2m $2.2m 0.03% Added +15.3k +15,315
83 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 194,400194.4k $2.2m $2.2m 0.00% Added +184.4k +184,400
84 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 191,300191.3k $2.1m $2.1m 0.01% Reduced -239.1k -239,100
85 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 181,548181.5k $2.0m $2.0m 0.01% Reduced -1.0m -1,038,661
86 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 173,000173.0k $1.9m $1.9m 0.01% New
87 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 169,026169.0k $1.9m $1.9m 0.01% Reduced -42.4k -42,409
88 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 165,501165.5k $1.8m $1.8m 0.00% Reduced -10.0k -10,004
89 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 159,710159.7k $1.8m $1.8m 0.00% Unchanged
90 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 151,642151.6k $1.7m $1.7m 0.00% Added +6.1k +6,065
91 Amundi 0.00% of their portfolio Paris, I0 147,198147.2k $1.6m $1.6m 0.00% Reduced -17.2k -17,174
92 CSS LLC/IL 0.13% of their portfolio CHICAGO, IL 140,050140.1k $1.6m $1.6m 0.13% New
93 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 138,460138.5k $1.5m $1.5m 0.00% Added +5.1k +5,149
94 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 135,868135.9k $1.5m $1.5m 0.00% Added +83.7k +83,732
95 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 135,029135.0k $1.5m $1.5m 0.00% Added +63.1k +63,147
96 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 131,860131.9k $1.5m $1.5m 0.00% Reduced -217.2k -217,225
97 EHP Funds Inc. 0.88% of their portfolio TORONTO, Z4 115,000115.0k $1.3m $1.3m 0.88% New
98 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 111,752111.8k $1.2m $1.2m 0.00% Reduced -2.5k -2,480
99 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 110,112110.1k $1.2m $1.2m 0.00% Reduced -22.4k -22,400
100 NATIXIS 0.01% of their portfolio PARIS, I0 108,735108.7k $1.2m $1.2m 0.01% New