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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · ATS

ATS Corp TORONTO STOCK EXCHANGE:ATS

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.

22 new42 added58 reduced18 exited

New Positions(22)

ManagerSharesΔ SharesValueΔ Value% Δ
Polar Asset Management Partners Inc.180,000+180,000$5.0M+$5.0M
SEI INVESTMENTS CO98,742+98,742$2.7M+$2.7M
AYAL Capital Advisors Ltd72,200+72,200$2.0M+$2.0M
LAZARD ASSET MANAGEMENT LLC58,426+58,426$1.6M+$1.6M
FIL Ltd53,569+53,569$1.5M+$1.5M
GUARDIAN CAPITAL LP47,063+47,063$1.3M+$1.3M
Candelo Capital Management LP24,700+24,700$680.2K+$680.2K
JANE STREET GROUP, LLC22,063+22,063$607.9K+$607.9K
Numerai GP LLC16,305+16,305$449.0K+$449.0K
Third View Private Wealth, LLC12,264+12,264$337.8K+$337.8K
Savant Capital, LLC11,372+11,372$313.2K+$313.2K
Investment Management Corp of Ontario10,116+10,116$278.6K+$278.6K
Verition Fund Management LLC9,192+9,192$253.1K+$253.1K
Campbell & CO Investment Adviser LLC8,805+8,805$242.5K+$242.5K
Cresset Asset Management, LLC6,466+6,466$206.1K+$206.1K
Smartleaf Asset Management LLC1,052+1,052$29.2K+$29.2K
Ronald Blue Trust, Inc.733+733$20.2K+$20.2K
Hillsdale Investment Management Inc.600+600$16.6K+$16.6K
Leonteq Securities AG181+181$7.9K+$7.9K
Bank of Jackson Hole Trust137+137$3.8K+$3.8K
BlackRock, Inc.58+58$1.6K+$1.6K
SkyView Investment Advisors, LLC10,966+10,966$302+$302

Added To(42)

ManagerSharesΔ SharesValueΔ Value% Δ
BANK OF MONTREAL /CAN/3,022,693+1,790,040$83.3M+$51.0M145.2%
Alberta Investment Management Corp1,340,265+918,100$36.9M+$25.9M217.5%
EdgePoint Investment Group Inc.6,888,785+507,491$189.8M+$22.9M8.0%
FMR LLC2,117,766+742,179$58.3M+$22.4M54.0%
Connor, Clark & Lunn Investment Management Ltd.2,485,638+432,166$68.5M+$14.8M21.0%
Public Sector Pension Investment Board287,829+225,923$7.9M+$6.3M364.9%
VANGUARD GROUP INC3,397,166+55,731$93.6M+$6.2M1.7%
Invesco Ltd.1,272,222+75,490$35.0M+$3.7M6.3%
1832 Asset Management L.P.818,559+79,828$22.5M+$3.2M10.8%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,141,835+32,605$31.5M+$2.5M2.9%
TD Asset Management Inc1,193,208+11,446$32.9M+$2.0M1.0%
Legal & General Group Plc542,023+47,414$14.9M+$2.0M9.6%
Scheer, Rowlett & Associates Investment Management Ltd.1,226,450+9,266$33.8M+$1.9M0.8%
CITADEL ADVISORS LLC148,840+64,520$4.1M+$1.9M76.5%
PRINCIPAL FINANCIAL GROUP INC878,240+4,100$24.2M+$1.4M0.5%
FIRST TRUST ADVISORS LP184,128+35,416$5.1M+$1.2M23.8%
ROYCE & ASSOCIATES LP164,500+30,000$4.5M+$1.0M22.3%
MILLENNIUM MANAGEMENT LLC75,879+32,058$2.1M+$941.6K73.2%
DIMENSIONAL FUND ADVISORS LP110,342+21,119$3.0M+$701.4K23.7%
SIG North Trading, ULC55,642+19,642$1.5M+$589.2K54.6%
BARCLAYS PLC21,628+17,120$689.5K+$571.4K379.8%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC236,332+5,826$6.5M+$487.0K2.5%
Swiss National Bank164,400+4,300$4.5M+$347.6K2.7%
GEODE CAPITAL MANAGEMENT, LLC59,255+9,023$1.7M+$346.1K18.0%
FRANKLIN RESOURCES INC25,386+9,556$699.3K+$285.3K60.4%
CITIGROUP INC25,149+8,707$693.7K+$263.4K53.0%
BANK OF NOVA SCOTIA TRUST CO30,514+5,439$840.4K+$183.4K21.7%
Canoe Financial LP80,600+1,723$2.2M+$157.2K2.2%
Mariner, LLC12,167+3,143$335.1K+$98.7K34.8%
NORGES BANK1,079,090+51,634$29.7M-$80.4K5.0%
Northwest & Ethical Investments L.P.10,553+1,940$290.7K+$65.4K22.5%
abrdn plc20,007+1,412$551.0K+$61.6K7.6%
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO27,215+10$750.7K+$38.7K0.0%
Pictet Asset Management Holding SA16,006+468$441.5K+$34.9K3.0%
STIFEL FINANCIAL CORP12,593+467$346.8K+$29.1K3.9%
WELLS FARGO & COMPANY/MN711+79$19.6K+$3.0K12.5%
Larson Financial Group LLC121+108$3.3K+$3.0K830.8%
EverSource Wealth Advisors, LLC69+49$1.9K+$1.4K245.0%
Pacer Advisors, Inc.137+38$3.8K+$1.2K38.4%
Farther Finance Advisors, LLC263+20$7.2K+$8768.2%
VAN ECK ASSOCIATES CORP13,571+7,559$374+$216125.7%
Main Management ETF Advisors, LLC29,754+304$819+$471.0%

Reduced(58)

ManagerSharesΔ SharesValueΔ Value% Δ
Royal Bank of Canada7,644,547-5,910,242$210.5M-$176.6M-43.6%
TURTLE CREEK ASSET MANAGEMENT INC.5,642,052-1,330,958$155.4M-$27.3M-19.1%
MASON CAPITAL MANAGEMENT LLC15,563,5680$428.6M+$20.9M0.0%
TD Waterhouse Canada Inc.966,349-463,883$26.5M-$10.9M-32.4%
MACKENZIE FINANCIAL CORP758,980-379,579$21.1M-$8.7M-33.3%
GOLDMAN SACHS GROUP INC285,377-222,508$7.9M-$5.4M-43.8%
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN2,486,4000$68.3M+$4.1M0.0%
D. E. Shaw & Co., Inc.108,100-109,800$3.0M-$2.7M-50.4%
BANK OF AMERICA CORP /DE/1,100,381-151,314$30.3M-$2.5M-12.1%
ACK Asset Management LLC1,846,1960$50.8M+$2.5M0.0%
Hill City Capital, LP1,649,8570$45.4M+$2.2M0.0%
Federation des caisses Desjardins du Quebec116,404-78,830$3.2M-$1.8M-40.4%
AGF MANAGEMENT LTD400,140-89,816$11.0M-$1.8M-18.3%
MORGAN STANLEY21,491-48,148$591.9K-$1.2M-69.1%
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.815,031-647$30.8M+$1.1M-0.1%
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND753,4920$20.8M+$1.1M0.0%
Clearbridge Investments, LLC1,111,485-18,896$30.6M+$994.3K-1.7%
NATIONAL BANK OF CANADA /FI/418,332-1,693$11.5M+$643.9K-0.4%
Russell Investments Group, Ltd.8,529-24,556$235.3K-$630.5K-74.2%
Zurcher Kantonalbank (Zurich Cantonalbank)64,639-26,972$1.8M-$614.3K-29.4%
Rockefeller Capital Management L.P.9,790-18,941$270.0K-$482.4K-65.9%
Fiera Capital Corp71,007-22,152$2.0M-$479.7K-23.8%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/558,675-10,999$15.4M+$460.5K-1.9%
MONTRUSCO BOLTON INVESTMENTS INC.254,681-29,100$7.0M-$401.0K-10.3%
JANUS HENDERSON GROUP PLC861,839-36,504$23.8M+$264.8K-4.1%
ENVESTNET ASSET MANAGEMENT INC7,634-10,160$210.4K-$255.7K-57.1%
Focus Partners Wealth181,975-13$5.0M+$243.0K0.0%
UBS Group AG228,774-2,821$6.3M+$232.6K-1.2%
Marathon Asset Management Ltd1,097,711-68,296$30.3M-$231.4K-5.8%
Granite Investment Partners, LLC203,876-1,971$5.6M+$221.6K-0.9%
MANUFACTURERS LIFE INSURANCE COMPANY, THE76,426-34$2.1M+$108.8K-0.0%
Dixon Mitchell Investment Counsel Inc.211,025-7,500$5.8M+$102.5K-3.4%
CIBC Asset Management Inc131,500-3,354$3.6M+$100.7K-2.5%
TORONTO DOMINION BANK81,910-545$2.3M+$94.3K-0.7%
CIBC WORLD MARKET INC.354,069-15,444$9.8M+$89.4K-4.2%
Nuveen, LLC62,5840$1.7M+$88.6K0.0%
Caldwell Investment Management Ltd.60,8000$1.7M+$86.4K0.0%
LOUISBOURG INVESTMENTS INC.207,130-8,165$5.7M+$83.0K-3.8%
XTX Topco Ltd10,640-2,981$293.0K-$63.8K-21.9%
Aviso Financial Inc.51,725-518$1.4M+$57.9K-1.0%
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp43,753-4,053$1.2M-$45.1K-8.5%
SCOTIA CAPITAL INC.195,019-13,999$5.3M-$35.4K-6.7%
PenderFund Capital Management Ltd.20,0000$550.9K+$27.7K0.0%
ADVISOR GROUP HOLDINGS, INC.30-591$826-$16.3K-95.2%
TRUE Private Wealth Advisors12,0800$332.7K+$16.2K0.0%
ALLIANCEBERNSTEIN L.P.8,960-860$246.8K-$10.5K-8.8%
Banque Cantonale Vaudoise261-99$7.0K+$7.0K-27.5%
Beutel, Goodman & Co Ltd.5,837,138-493,550$161.0K-$4.7K-7.8%
WOLVERINE ASSET MANAGEMENT LLC3,000-300$82.6K-$3.6K-9.1%
JPMORGAN CHASE & CO553-161$15.2K-$3.5K-22.5%
DEUTSCHE BANK AG\10,261-627$282.6K-$2.7K-5.8%
Van Berkom & Associates Inc.269,136-858$7.4K+$363-0.3%
Front Street Capital Management, Inc.286,994-2,778$7.9K+$312-0.9%
JONES FINANCIAL COMPANIES LLLP36-13$991-$270-26.5%
WealthCollab, LLC890$2.5K+$1200.0%
Root Financial Partners, LLC400$1.1K+$540.0%
Bell Investment Advisors, Inc200$551+$270.0%
HANTZ FINANCIAL SERVICES, INC.1730$5$00.0%

Sold Out(18)

ManagerSharesΔ SharesValueΔ Value% Δ
Burgundy Asset Management Ltd.0-1,807,557$0-$50.0M
Galibier Capital Management Ltd.0-447,446$0-$11.7M
Foresight Group Ltd Liability Partnership0-388,892$0-$10.2M
Jarislowsky, Fraser Ltd0-334,904$0-$8.8M
Roubaix Capital, LLC0-223,532$0-$5.9M
NEW YORK STATE COMMON RETIREMENT FUND0-103,805$0-$4.1M
Bastion Asset Management Inc.0-72,655$0-$1.9M
Blackstone Inc.0-49,501$0-$1.3M
Lombard Odier Asset Management (Switzerland) SA0-21,515$0-$771.1K
AMUNDI0-27,180$0-$727.3K
BOOTHBAY FUND MANAGEMENT, LLC0-10,170$0-$266.1K
Quantbot Technologies LP0-4,665$0-$122.2K
State of Wyoming0-4,262$0-$111.7K
Quarry LP0-1,238$0-$32.4K
Tower Research Capital LLC (TRC)0-1,000$0-$26.2K
Caitong International Asset Management Co., Ltd0-143$0-$3.7K
SHELL ASSET MANAGEMENT CO0-1,302$0-$34
SIMPLEX TRADING, LLC0-67$0-$1

Top Holders by reported value

Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.

ManagerShares$ ValueΔ SharesQoQ %
MASON CAPITAL MANAGEMENT LLC15,563,568$428.6M00.0%
Royal Bank of Canada7,644,547$210.5M-5,910,242-43.6%
EdgePoint Investment Group Inc.6,888,785$189.8M+507,4918.0%
TURTLE CREEK ASSET MANAGEMENT INC.5,642,052$155.4M-1,330,958-19.1%
VANGUARD GROUP INC3,397,166$93.6M+55,7311.7%
BANK OF MONTREAL /CAN/3,022,693$83.3M+1,790,040145.2%
Connor, Clark & Lunn Investment Management Ltd.2,485,638$68.5M+432,16621.0%
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN2,486,400$68.3M00.0%
FMR LLC2,117,766$58.3M+742,17954.0%
ACK Asset Management LLC1,846,196$50.8M00.0%
Hill City Capital, LP1,649,857$45.4M00.0%
Alberta Investment Management Corp1,340,265$36.9M+918,100217.5%
Invesco Ltd.1,272,222$35.0M+75,4906.3%
Scheer, Rowlett & Associates Investment Management Ltd.1,226,450$33.8M+9,2660.8%
TD Asset Management Inc1,193,208$32.9M+11,4461.0%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,141,835$31.5M+32,6052.9%
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.815,031$30.8M-647-0.1%
Clearbridge Investments, LLC1,111,485$30.6M-18,896-1.7%
BANK OF AMERICA CORP /DE/1,100,381$30.3M-151,314-12.1%
Marathon Asset Management Ltd1,097,711$30.3M-68,296-5.8%

New & Closed Positions this quarter

Methodology

Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.

Quarter-over-quarter deltas compare each manager's most recently reported share count for ATS against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.

Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.