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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 · EFXT

Enerflex Ltd TORONTO STOCK EXCHANGE:EFXT

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

34 new59 added61 reduced18 exited

New Positions(34)

ManagerSharesΔ SharesValueΔ Value% Δ
NewGen Asset Management Ltd786,744+786,744$12.1M+$12.1M
SUSQUEHANNA ADVISORS GROUP, INC.434,200+434,200$6.7M+$6.7M
Caldwell Investment Management Ltd.411,000+411,000$6.4M+$6.4M
EAM Investors, LLC339,285+339,285$5.2M+$5.2M
EAM Global Investors LLC275,365+275,365$4.3M+$4.3M
Triasima Portfolio Management inc.138,270+138,270$2.1M+$2.1M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP137,158+137,158$2.1M+$2.1M
Potomac Capital Management, Inc.128,400+128,400$2.0M+$2.0M
Y-Intercept (Hong Kong) Ltd126,089+126,089$1.9M+$1.9M
Aventail Capital Group, LP111,421+111,421$1.7M+$1.7M
Credit Agricole S A100,000+100,000$1.5M+$1.5M
Bastion Asset Management Inc.87,890+87,890$1.5M+$1.5M
LPL Financial LLC97,648+97,648$1.5M+$1.5M
CAUSEWAY CAPITAL MANAGEMENT LLC73,432+73,432$1.1M+$1.1M
Voleon Capital Management LP66,326+66,326$1.0M+$1.0M
AQR CAPITAL MANAGEMENT LLC63,895+63,895$985.1K+$985.1K
Jain Global LLC63,200+63,200$974.3K+$974.3K
Spark Investment Management LLC60,000+60,000$925.0K+$925.0K
Tacita Capital Inc51,368+51,368$792.4K+$792.4K
Graham Capital Management, L.P.29,281+29,281$451.8K+$451.8K
Versor Investments LP27,800+27,800$428.6K+$428.6K
DBA TRADING, LLC24,000+24,000$370.3K+$370.3K
Savant Capital, LLC17,060+17,060$263.2K+$263.2K
U S GLOBAL INVESTORS INC17,000+17,000$262.3K+$262.3K
Numerai GP LLC16,318+16,318$251.8K+$251.8K
Swiss Life Asset Management Ltd16,043+16,043$247.3K+$247.3K
Investment Management Corp of Ontario14,955+14,955$230.8K+$230.8K
BANK OF NOVA SCOTIA13,284+13,284$204.8K+$204.8K
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main7,744+7,744$119.5K+$119.5K
Smartleaf Asset Management LLC1,965+1,965$30.8K+$30.8K
KERR FINANCIAL PLANNING Corp700+700$11.9K+$11.9K
PNC Financial Services Group, Inc.194+194$3.0K+$3.0K
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO9+9$139+$139
SG Americas Securities, LLC7,693+7,693$119+$119

Added To(59)

ManagerSharesΔ SharesValueΔ Value% Δ
Connor, Clark & Lunn Investment Management Ltd.8,554,081+2,818,979$131.9M+$70.0M49.1%
MACKENZIE FINANCIAL CORP4,878,942+186,649$76.3M+$25.7M4.0%
MORGAN STANLEY3,060,896+203,623$47.2M+$16.4M7.1%
TD Asset Management Inc2,151,660+518,639$33.2M+$15.6M31.8%
AMERICAN CENTURY COMPANIES INC1,082,582+650,313$16.7M+$12.0M150.4%
NATIONAL BANK OF CANADA /FI/1,095,226+571,923$16.9M+$11.3M109.3%
BANK OF MONTREAL /CAN/1,735,826+182,578$26.8M+$10.0M11.8%
Fiera Capital Corp536,529+511,699$8.3M+$8.0M2060.8%
Man Group plc1,104,235+252,958$17.0M+$7.9M29.7%
DIMENSIONAL FUND ADVISORS LP904,613+124,618$14.0M+$5.6M16.0%
D. E. Shaw & Co., Inc.405,671+316,071$6.3M+$5.3M352.8%
BANK OF AMERICA CORP /DE/854,552+116,441$13.2M+$5.2M15.8%
CIBC WORLD MARKET INC.660,755+162,037$10.2M+$4.8M32.5%
Timelo Investment Management Inc.403,200+224,500$6.2M+$4.3M125.6%
TORONTO DOMINION BANK309,734+201,523$4.8M+$3.6M186.2%
LAZARD ASSET MANAGEMENT LLC288,788+178,653$4.5M+$3.3M162.2%
JPMORGAN CHASE & CO439,652+80,218$6.8M+$2.9M22.3%
Point72 Asset Management, L.P.196,783+181,730$3.0M+$2.9M1207.3%
Balyasny Asset Management LLC221,668+80,817$3.4M+$1.9M57.4%
Allianz Asset Management GmbH231,606+57,619$3.6M+$1.7M33.1%
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO337,197+10,773$5.2M+$1.7M3.3%
Qube Research & Technologies Ltd208,117+59,853$3.2M+$1.6M40.4%
Russell Investments Group, Ltd.209,987+52,732$3.2M+$1.5M33.5%
RITHOLTZ WEALTH MANAGEMENT242,985+28,874$3.7M+$1.4M13.5%
JANE STREET GROUP, LLC99,526+88,920$1.5M+$1.4M838.4%
Legal & General Group Plc186,935+39,038$2.9M+$1.3M26.4%
Swiss National Bank242,200+3,300$3.7M+$1.2M1.4%
Campbell & CO Investment Adviser LLC150,162+37,046$2.3M+$1.1M32.8%
Federation des caisses Desjardins du Quebec94,414+44,370$1.5M+$916.2K88.7%
FRANKLIN RESOURCES INC129,544+12,786$2.0M+$738.2K10.9%
CoreCommodity Management, LLC83,745+24,410$1.3M+$652.7K41.1%
CIBC Asset Management Inc115,777+10,014$1.8M+$646.6K9.5%
SCOTIA CAPITAL INC.52,917+36,414$813.5K+$637.2K220.7%
BNP PARIBAS ARBITRAGE, SNC54,908+31,638$847.2K+$596.4K136.0%
Neuberger Berman Group LLC118,504+883$1.8M+$560.5K0.8%
Schonfeld Strategic Advisors LLC45,039+32,238$695.0K+$557.0K251.8%
Genus Capital Management Inc.81,900+15,700$1.3M+$550.1K23.7%
RAYMOND JAMES FINANCIAL INC42,251+30,416$651.9K+$524.4K257.0%
JUPITER ASSET MANAGEMENT LTD80,272+13,428$1.2M+$518.0K20.1%
GEODE CAPITAL MANAGEMENT, LLC85,229+4,620$1.3M+$468.6K5.7%
Zurcher Kantonalbank (Zurich Cantonalbank)53,996+14,900$833.5K+$411.8K38.1%
Quantbot Technologies LP56,864+2,947$877.4K+$296.2K5.5%
CAPROCK Group, Inc.33,991+7,164$524.5K+$253.1K26.7%
Baron Wealth Management LLC27,668+10,815$426.9K+$245.2K64.2%
TD Waterhouse Canada Inc.34,182+7,884$525.5K+$243.4K30.0%
CITADEL ADVISORS LLC31,944+8,554$492.9K+$240.8K36.6%
NewEdge Advisors, LLC33,744+1,033$520.7K+$168.1K3.1%
Kathmere Capital Management, LLC20,165+6,102$311.1K+$159.5K43.4%
State of Wyoming22,679+2,319$349.9K+$130.5K11.4%
BARCLAYS PLC32,339+16,899$255.2K+$88.7K109.4%
D'Orazio & Associates, Inc.12,690+1,110$195.8K+$71.0K9.6%
Plato Investment Management Ltd4,664+3,730$72.3K+$62.3K399.4%
CITIGROUP INC7,125+1,388$110.0K+$48.1K24.2%
ACADIAN ASSET MANAGEMENT LLC3,355,160+709,500$51.8K+$23.2K26.8%
JONES FINANCIAL COMPANIES LLLP602+468$9.3K+$7.8K349.3%
Farther Finance Advisors, LLC344+150$5.3K+$3.2K77.3%
Janney Montgomery Scott LLC266,121+144,901$4.1K+$2.8K119.5%
Larson Financial Group LLC197+81$3.0K+$1.8K69.8%
GREAT WEST LIFE ASSURANCE CO /CAN/19,433+1,512$299+$1068.4%

Reduced(61)

ManagerSharesΔ SharesValueΔ Value% Δ
Canoe Financial LP6,157,845-5,369$94.9M+$28.5M-0.1%
Hillsdale Investment Management Inc.4,686,254-15,210$72.4M+$21.7M-0.3%
1832 Asset Management L.P.2,734,443-2,776,700$42.2M-$17.2M-50.4%
LETKO, BROSSEAU & ASSOCIATES INC2,815,688-2,158,748$43.5M-$10.2M-43.4%
GOLDMAN SACHS GROUP INC2,061,943-1,654,685$31.8M-$8.2M-44.5%
O'SHAUGHNESSY ASSET MANAGEMENT, LLC1,431,707-166,604$22.1M+$4.8M-10.4%
Royal Bank of Canada7,665,336-6,942,845$118.3M+$4.1M-47.5%
MILLENNIUM MANAGEMENT LLC1,005,224-164,413$15.5M+$2.9M-14.1%
AEGIS FINANCIAL CORP551,1510$8.5M+$2.6M0.0%
Ewing Morris & Co. Investment Partners Ltd.300,0000$4.7M+$1.5M0.0%
ENVESTNET ASSET MANAGEMENT INC22,289-140,662$344.0K-$1.4M-86.3%
PCJ Investment Counsel Ltd.894,086-273,024$13.8M+$1.2M-23.4%
INTACT INVESTMENT MANAGEMENT INC.400,700-67,800$6.2M+$1.1M-14.5%
Quadrature Capital Ltd33,797-99,712$521.5K-$919.3K-74.7%
Clearbridge Investments, LLC416,055-162,424$6.4M-$828.6K-28.1%
Taconic Capital Advisors LP125,531-119,800$1.9M-$709.7K-48.8%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC186,393-19,071$2.9M+$660.9K-9.3%
Grantham, Mayo, Van Otterloo & Co. LLC337,900-86,000$5.2M+$643.2K-20.3%
PICTON MAHONEY ASSET MANAGEMENT38,918-77,007$600.8K+$599.6K-66.4%
Northwest & Ethical Investments L.P.164,459-19,960$2.5M+$546.2K-10.8%
VANGUARD GROUP INC113,4730$1.7M+$525.5K0.0%
RENAISSANCE TECHNOLOGIES LLC203,100-41,700$3.1M+$494.9K-17.0%
TWO SIGMA ADVISERS, LP341,844-192,300$5.3M-$483.4K-36.0%
Nuveen, LLC98,7100$1.5M+$458.9K0.0%
UBS Group AG478,826-167,538$7.4M+$420.5K-25.9%
K.J. Harrison & Partners Inc115,919-12,000$1.8M+$383.4K-9.4%
Verition Fund Management LLC30,832-37,037$475.7K-$255.9K-54.6%
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp64,945-6,300$1.0M+$233.0K-8.8%
MANUFACTURERS LIFE INSURANCE COMPANY, THE175,058-56,378$2.7M+$207.8K-24.4%
Moody Aldrich Partners LLC23,6000$364.3K+$109.7K0.0%
Pictet Asset Management Holding SA23,072-85$356.2K+$106.3K-0.4%
Net Worth Advisory Group19,383-38$299.1K+$89.7K-0.2%
Aristides Capital LLC14,395-14,179$222.1K-$85.9K-49.6%
Gotham Asset Management, LLC17,782-82$274.4K+$81.8K-0.5%
Invesco Ltd.27,051-4,806$417.4K+$74.0K-15.1%
SHELTON CAPITAL MANAGEMENT12,5840$194.2K+$58.5K0.0%
Aprio Wealth Management, LLC11,7840$181.8K+$54.8K0.0%
XTX Topco Ltd30,844-8,429$475.9K+$52.6K-21.5%
Engineers Gate Manager LP12,123-716$187.1K+$48.7K-5.6%
DEUTSCHE BANK AG\10,861-533$167.6K+$44.8K-4.7%
ALLIANCEBERNSTEIN L.P.13,241-1,628$204.3K+$44.0K-10.9%
Tower Research Capital LLC (TRC)794-3,518$12.3K-$34.2K-81.6%
RENAISSANCE GROUP LLC99,337-39,714$1.5M+$33.8K-28.6%
SUSQUEHANNA INTERNATIONAL GROUP, LLP17,811-5,262$274.8K+$26.1K-22.8%
T. Rowe Price Investment Management, Inc.3,111,265-3,703,199$48.0K-$25.5K-54.3%
TWO SIGMA INVESTMENTS, LP468,403-199,957$7.2M+$22.5K-29.9%
PDT Partners, LLC33,383-12,523$515.1K+$20.2K-27.3%
Rockefeller Capital Management L.P.4,2650$65.8K+$19.8K0.0%
ADVISOR GROUP HOLDINGS, INC.1,147-126$17.7K+$3.9K-9.9%
Dogwood Wealth Management LLC5200$8.0K+$2.4K0.0%
BlackRock, Inc.3540$5.5K+$1.6K0.0%
Spire Wealth Management1680$2.6K+$7810.0%
Global Retirement Partners, LLC1390$2.1K+$6470.0%
PIN OAK INVESTMENT ADVISORS INC510$1-$5490.0%
Root Financial Partners, LLC920$1.4K+$4280.0%
ORG Partners LLC510$786+$2370.0%
ASSETMARK, INC240$370+$1110.0%
HARBOUR INVESTMENTS, INC.30$46+$140.0%
SBI Securities Co., Ltd.20$31+$90.0%
WELLS FARGO & COMPANY/MN00$3+$1
Beutel, Goodman & Co Ltd.1000$1$00.0%

Sold Out(18)

ManagerSharesΔ SharesValueΔ Value% Δ
NewGen Equity Long/Short Fund0-713,344$0-$9.0M
Cubist Systematic Strategies, LLC0-302,996$0-$3.3M
CWA Asset Management Group, LLC0-84,454$0-$910.4K
Diametric Capital, LP0-46,728$0-$503.7K
STIFEL FINANCIAL CORP0-33,643$0-$362.7K
GRIZZLYROCK CAPITAL, LLC0-24,000$0-$258.7K
HSBC HOLDINGS PLC0-21,481$0-$231.8K
Aigen Investment Management, LP0-15,567$0-$193.7K
ExodusPoint Capital Management, LP0-16,100$0-$173.6K
111 Capital0-15,220$0-$164.1K
PRELUDE CAPITAL MANAGEMENT, LLC0-13,599$0-$146.6K
WILEY BROS.-AINTREE CAPITAL, LLC0-11,584$0-$124.9K
Vise Technologies, Inc.0-10,875$0-$117.2K
Robertson Stephens Wealth Management, LLC0-10,625$0-$114.6K
Aquatic Capital Management LLC0-653$0-$7.0K
GROUP ONE TRADING, L.P.0-100$0-$1.1K
Frazier Financial Advisors, LLC0-85$0-$917
SHELL ASSET MANAGEMENT CO0-1,960$0-$21

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 %
Connor, Clark & Lunn Investment Management Ltd.8,554,081$131.9M+2,818,97949.1%
Royal Bank of Canada7,665,336$118.3M-6,942,845-47.5%
Canoe Financial LP6,157,845$94.9M-5,369-0.1%
MACKENZIE FINANCIAL CORP4,878,942$76.3M+186,6494.0%
Hillsdale Investment Management Inc.4,686,254$72.4M-15,210-0.3%
MORGAN STANLEY3,060,896$47.2M+203,6237.1%
LETKO, BROSSEAU & ASSOCIATES INC2,815,688$43.5M-2,158,748-43.4%
1832 Asset Management L.P.2,734,443$42.2M-2,776,700-50.4%
TD Asset Management Inc2,151,660$33.2M+518,63931.8%
GOLDMAN SACHS GROUP INC2,061,943$31.8M-1,654,685-44.5%
BANK OF MONTREAL /CAN/1,735,826$26.8M+182,57811.8%
O'SHAUGHNESSY ASSET MANAGEMENT, LLC1,431,707$22.1M-166,604-10.4%
Man Group plc1,104,235$17.0M+252,95829.7%
NATIONAL BANK OF CANADA /FI/1,095,226$16.9M+571,923109.3%
AMERICAN CENTURY COMPANIES INC1,082,582$16.7M+650,313150.4%
MILLENNIUM MANAGEMENT LLC1,005,224$15.5M-164,413-14.1%
DIMENSIONAL FUND ADVISORS LP904,613$14.0M+124,61816.0%
PCJ Investment Counsel Ltd.894,086$13.8M-273,024-23.4%
BANK OF AMERICA CORP /DE/854,552$13.2M+116,44115.8%
NewGen Asset Management Ltd786,744$12.1M+786,744

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 EFXT 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.