Vault-13

BROOKFIELD BUSINESS PARTNERS

UNIT LTD L P · CUSIP G16234109

60 institutional holders -11 vs Q1 2024
59,794,87959.8m shares reported held*
$1.1bnreported value*
4 new 14 added 24 reduced 14 sold out net sold ≈ $30.2m (-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 ($39.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.86. Options: 2 managers hold calls ($341.2k notional), 1 hold puts ($0).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 55Q4 22: 58Q1 23: 55Q2 23: 57Q3 23: 67Q4 23: 67Q1 24: 71Q2 24: 6060Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202255
Q4 202258
Q1 202355
Q2 202357
Q3 202367
Q4 202367
Q1 202471
Q2 202460

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 29 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 17 bought or addedQ1 23: 26 cut or sold outQ2 23: 19 bought or addedQ2 23: 24 cut or sold outQ2 23Q3 23: 26 bought or addedQ3 23: 23 cut or sold outQ4 23: 23 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 30 cut or sold outQ2 24: 18 bought or addedQ2 24: 38 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222916
Q1 20231726
Q2 20231924
Q3 20232623
Q4 20232328
Q1 20242530
Q2 20241838

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $341.2kQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—
Q2 2024$341.2k$00.00

Biggest buyers

PCJ Investment Counsel Ltd. Added +169,335+169.3k
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +77,017+77.0k
Forge First Asset Management Inc. Added +43,700+43.7k
JPMORGAN CHASE & CO Added +28,798+28.8k
BANK OF MONTREAL /CAN/ Added +22,886+22.9k
AYAL Capital Advisors Ltd Added +22,200+22.2k
Federation des caisses Desjardins du Quebec Added +20,777+20.8k
Bank of New York Mellon Corp New +16,266+16.3k
Brookfield Corp /ON/ Added +15,211+15.2k
SCOTIA CAPITAL INC. Added +13,322+13.3k

Biggest sellers

CIBC Asset Management Inc Reduced -675,209-675.2k
ROYAL BANK OF CANADA Reduced -461,997-462.0k
Invesco Ltd. Sold out -157,073-157.1k
CITIGROUP INC Sold out -136,444-136.4k
Connor, Clark & Lunn Investment Management Ltd. Sold out -112,400-112.4k
TD Asset Management Inc Reduced -104,114-104.1k
K2 PRINCIPAL FUND, L.P. Reduced -96,460-96.5k
MORGAN STANLEY Reduced -71,086-71.1k
Triasima Portfolio Management inc. Sold out -63,415-63.4k
Beutel, Goodman & Co Ltd. Reduced -36,260-36.3k

Biggest calls

GROUP ONE TRADING LLC New $341.2k18.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

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.

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
BROOKFIELD Corp /ON/ 13D · may seek influence +31.5 pts · filed 2026-03-30
Stated purposeItem 4 of the original Schedule 13D is hereby supplemented as follows: On March 27, 2026, BBUC (formerly 1559985 B.C. Ltd.) completed the previously announced plan of arrangement (the "Arrangement") pursuant to which, among other things, (i) all Units, BBHC exchangeable shares and REUs were exchanged for newly issued class A subordinate voting shares of BBUC ("BBUC Class A Shares") on a one-for-one basis, (ii) the special limited partnership units of Holding LP, which were held by a subsidiary of Brookfield Asset Management Ltd., were exchanged for special non-voting incentive shares of BBUC ("Special Shares") on a one-for-one basis, (iii) BN exchanged its share of Brookfield Business Partners Limited, the general partner of BBU, for class B multiple voting shares of BBUC ("Class B Share… Full filing
 100.0% +31.5 pts 207.0m 2026-03-30

Fell to 5% or below in the last year: ROYAL BANK OF CANADA (0.6%, 2026-05-15)

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookfield Corp /ON/ 2.97% of their portfolio TORONTO, A6 25,173,99325.2m $474.5m $474.5m 2.97% Added +15.2k +15,211
2 OMERS ADMINISTRATION Corp 2.19% of their portfolio TORONTO, A6 12,039,36212.0m $226.9m $226.9m 2.19% Unchanged
3 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 7,394,2817.4m $139.4m $139.4m 0.03% Reduced -462.0k -461,997
4 Partners Value Investments L.P. 0.83% of their portfolio Hamilton, D0 2,941,0622.9m $55.4m $55.4m 0.83% Unchanged
5 CI INVESTMENTS INC. 0.17% of their portfolio TORONTO, Z4 2,227,3462.2m $42.0m $42.0m 0.17% Added +1.4k +1,414
6 CIBC Asset Management Inc 0.13% of their portfolio TORONTO, Z4 1,978,1142.0m $37.4m $37.4m 0.13% Reduced -675.2k -675,209
7 PCJ Investment Counsel Ltd. 10.43% of their portfolio TORONTO, A6 1,330,1491.3m $25.1m $25.1m 10.43% Added +169.3k +169,335
8 1832 Asset Management L.P. 0.04% of their portfolio TORONTO, A6 1,049,8151.0m $19.8m $19.8m 0.04% Unchanged
9 TD Waterhouse Canada Inc. 0.18% of their portfolio TORONTO, A6 1,044,2581.0m $19.6m $19.6m 0.18% Reduced -33.1k -33,129
10 Beutel, Goodman & Co Ltd. 0.08% of their portfolio TORONTO, A6 816,660816.7k $15.5m $15.5m 0.08% Reduced -36.3k -36,260
11 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 767,726767.7k $15.0m $15.0m 0.00% Added +22.9k +22,886
12 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.08% of their portfolio VICTORIA, A1 681,562681.6k $12.9m $12.9m 0.08% Added +77.0k +77,017
13 Scheer, Rowlett & Associates Investment Management Ltd. 0.81% of their portfolio TORONTO, A6 559,463559.5k $10.6m $10.6m 0.81% Reduced -2.1k -2,070
14 Forge First Asset Management Inc. 3.93% of their portfolio TORONTO, Z4 482,720482.7k $9.1m $9.1m 3.93% Added +43.7k +43,700
15 DORCHESTER WEALTH MANAGEMENT Co 0.91% of their portfolio MONTREAL, A8 254,524254.5k $4.7m $4.7m 0.91% Reduced -975 -975
16 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 200,299200.3k $3.8m $3.8m 0.01% Reduced -1.2k -1,204
17 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 147,859147.9k $2.8m $2.8m 0.00% Reduced -104.1k -104,114
18 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 90,24290.2k $1.7m $1.7m 0.00% Added +1.8k +1,808
19 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 80,90080.9k $1.5m $1.5m 0.00% Reduced -5.8k -5,753
20 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 74,08774.1k $1.4m $1.4m 0.01% Added +13.3k +13,322
21 K2 PRINCIPAL FUND, L.P. 0.25% of their portfolio TORONTO, A6 59,89359.9k $1.1m $1.1m 0.25% Reduced -96.5k -96,460
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 51,08951.1k $963.0k $963.0k 0.00% Reduced -71.1k -71,086
23 MONTRUSCO BOLTON INVESTMENTS INC. 0.01% of their portfolio MONTREAL, A8 45,50245.5k $861.6k $861.6k 0.01% Reduced -10.2k -10,160
24 AYAL Capital Advisors Ltd 0.54% of their portfolio Toronto, A6 45,00045.0k $848.2k $848.2k 0.54% Added +22.2k +22,200
25 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 40,72640.7k $770.2k $770.2k 0.00% Added +608 +608
26 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 40,72540.7k $771.1k $771.1k 0.00% Reduced -7.0k -7,039
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 35,79635.8k $674.8k $674.8k 0.00% Added +28.8k +28,798
28 TANDEM CAPITAL MANAGEMENT CORP /ADV 0.32% of their portfolio WOODCLIFF LAKE, NJ 32,34232.3k $589.3k $589.3k 0.32% Reduced -7.9k -7,939
29 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 31,83231.8k $582.7k $582.7k 0.00% Added +20.8k +20,777
30 Gold Investment Management Ltd. 0.23% of their portfolio EDMONTON, A0 29,33229.3k $555.4k $555.4k 0.23% Reduced -795 -795
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 19,52619.5k $368.1k $368.1k 0.00% Reduced -7.8k -7,754
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 16,26616.3k $306.6k $306.6k 0.00% New
33 JAMISON PRIVATE WEALTH MANAGEMENT, INC. 0.01% of their portfolio MILTON, GA 4,2994.3k $81.0k $81.0k 0.01% Unchanged
34 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,5003.5k $66.0k $66.0k 0.00% Unchanged
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,2552.3k $42.5k $42.5k 0.00% Reduced -5.1k -5,097
36 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,1072.1k $39.7k $39.7k 0.00% Reduced -338 -338
37 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 680680 $12.8k $12.8k 0.00% Unchanged
38 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 604604 $11.0k $11.0k 0.00% Reduced -627 -627
39 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 301301 $5.7k $5.7k 0.00% Reduced -2.2k -2,180
40 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 194194 $3.7k $3.7k 0.00% Added +180 +180
41 Aviso Financial Inc. 0.00% of their portfolio TORONTO, A6 122122 $2.2k $2.2k 0.00% First filing
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 119119 $2.2k $2.2k 0.00% Reduced -192 -192
43 FARMERS & MERCHANTS INVESTMENTS INC 0.00% of their portfolio LINCOLN, NE 7474 $1.4k $1.4k 0.00% New
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6161 $1.1k $1.1k 0.00% Reduced -1.2k -1,222
45 Financial Perspectives, Inc 0.00% of their portfolio MINNEAPOLIS, MN 4040 $754 $754 0.00% Unchanged
46 CWM, LLC 0.00% of their portfolio OMAHA, NE 3636 $1.0k $1.0k 0.00% Unchanged
47 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3434 $641 $641 0.00% Unchanged
48 Investment Research & Advisory Group, Inc. 0.00% of their portfolio ATLANTA, GA 3030 $566 $566 0.00% Unchanged
49 Briaud Financial Planning Inc 0.00% of their portfolio COLLEGE STATION, TX 2121 $0 $0 0.00% Unchanged
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2020 $378 $378 0.00% Reduced -16 -16
51 Pacifica Partners Inc. 0.00% of their portfolio SURREY, Z4 1414 $253 $253 0.00% Reduced -1.8k -1,800
52 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 66 $122 $122 0.00% New
53 Fortis Group Advisors, LLC 0.00% of their portfolio WESTWOOD, NJ 44 $75 $75 0.00% Unchanged
54 Robinswood Financial LLC 0.00% of their portfolio KIRKLAND, WA 44 $75 $75 0.00% Unchanged
55 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 33 $57 $57 0.00% Unchanged
56 FMR LLC 0.00% of their portfolio BOSTON, MA 22 $38 $38 0.00% Added +1 +1
57 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 22 $37 $37 0.00% Unchanged
58 Kelly Financial Services LLC 0.00% of their portfolio BRAINTREE, MA 22 $38 $38 0.00% Unchanged
59 Ridgewood Investments LLC 0.00% of their portfolio SPRINGFIELD, NJ 11 $27 $27 0.00% New
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged