| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BANK OF MONTREAL /CAN/ | 7.2% | $234,499,009 | 4,527,882 | Bank of Montreal | 30 Jun 2025 | |||
| ROYAL BANK OF CANADA | 5.5% | $183,372,667 | 3,323,775 | Royal Bank of Canada | 30 Sep 2025 | |||
| CIBC Asset Management Inc | 4.9% | $159,399,262 | 3,077,800 | CIBC Global Asset Management Inc. | 30 Jun 2025 | |||
| BlackRock, Inc. | 5% | -9% | $166,788,141 | -$21,054,873 | 3,002,276 | -11% | BlackRock, Inc. | 30 Sep 2025 |
As of 31 Dec 2025, 92 institutional investors reported holding 34,220,819 shares of GRANITE REAL ESTATE INVESTMENT TRUST - REIT Units (GRTUF). This represents 57% of the company’s total 60,542,350 outstanding shares.
The largest institutional shareholders of GRANITE REAL ESTATE INVESTMENT TRUST - REIT Units (GRTUF) together control 52% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| ROYAL BANK OF CANADA | 8.3% | 5,048,548 | +3.9% | 0.05% | $298,823,000 |
| 1832 Asset Management L.P. | 7.9% | 4,774,189 | -0.74% | 0.36% | $282,584,247 |
| BANK OF MONTREAL /CAN/ | 6.4% | 3,864,635 | -4.9% | 0.09% | $230,072,298 |
| CIBC Asset Management Inc | 4.8% | 2,878,226 | -1.1% | 0.42% | $172,979,670 |
| VANGUARD GROUP INC | 4.7% | 2,873,227 | +0.6% | 0% | $171,048,949 |
| Connor, Clark & Lunn Investment Management Ltd. | 3.8% | 2,293,237 | +7.3% | 0.36% | $136,522,690 |
| MACKENZIE FINANCIAL CORP | 2.7% | 1,615,139 | -3.2% | 0.11% | $96,150,434 |
| INTACT INVESTMENT MANAGEMENT INC. | 2% | 1,194,147 | +5.7% | 2% | $71,086,807 |
| NORGES BANK | 1.3% | 798,627 | 0.01% | $47,544,456 | |
| AGF MANAGEMENT LTD | 1.3% | 785,147 | -30% | 0.2% | $46,741,001 |
| CIBC WORLD MARKET INC. | 1.1% | 648,415 | -2.4% | 0.07% | $38,606,629 |
| Man Group plc | 0.82% | 499,297 | +13% | 0.06% | $29,762,946 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 0.8% | 482,715 | +13% | 0.02% | $28,628,411 |
| TD Asset Management Inc | 0.77% | 463,531 | +12% | 0.02% | $27,630,945 |
| FIL Ltd | 0.61% | 368,882 | -10% | 0.02% | $21,960,109 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 0.6% | 363,291 | +1.7% | 0.02% | $21,672,520 |
| Legal & General Group Plc | 0.6% | 362,472 | +14% | 0% | $21,605,589 |
| Cardinal Capital Management, Inc. | 0.46% | 280,215 | -7.9% | 0.51% | $22,896,368 |
| TD Waterhouse Canada Inc. | 0.46% | 280,012 | -12% | 0.1% | $16,598,743 |
| GUARDIAN CAPITAL LP | 0.45% | 269,961 | -0.74% | 0.48% | $16,078,806 |
| APG Asset Management US Inc. | 0.41% | 250,000 | 0% | 0.12% | $14,902,426 |
| NATIONAL BANK OF CANADA /FI/ | 0.37% | 225,133 | +91% | 0.01% | $13,346,605 |
| GOLDMAN SACHS GROUP INC | 0.37% | 222,154 | -41% | 0% | $13,149,296 |
| MONTRUSCO BOLTON INVESTMENTS INC. | 0.35% | 210,254 | -17% | 0.16% | $12,533,178 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.3% | 180,092 | +8.1% | 0% | $10,735,231 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 34,220,819 | $2,049,111,106 | +$30,125,179 | $59.53 | 92 |
| 2025 Q3 | 33,820,012 | $1,821,584,881 | -$10,943,525 | $55.58 | 88 |
| 2025 Q2 | 34,006,201 | $1,729,567,497 | -$16,466,727 | $50.70 | 95 |
| 2025 Q1 | 34,357,908 | $1,608,045,913 | -$15,175,733 | $46.61 | 98 |
| 2024 Q4 | 34,548,124 | $1,676,583,123 | +$1,675,398,772 | $48.51 | 87 |
| 2024 Q3 | 24,426 | $1,417,186 | +$1,417,186 | $57.75 | 2 |