Who owns CAE (CAE)
Which tracked institutional funds hold CAE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CAE company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
67 tracked funds added or opened CAE while 93 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CAE’s largest tracked holder by dollar value, Caisse de depot et placement du Quebec, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CAE divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 294 tracked filers holding CAE, 171 increased or opened the position and 104 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CAE between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 26
- VANGUARD CAPITAL MANAGEMENT LLC$227M
- VANGUARD FIDUCIARY TRUST CO$73M
- Connor, Clark & Lunn Investment Management Ltd.$61M
- Vanguard Global Advisers, LLC$33M
- Sunriver Management LLC$22M
- VANGUARD ASSET MANAGEMENT, Ltd$16M
Full exits 13
- VANGUARD GROUP INC$385M
- FORSTA AP-FONDEN$6M
- JUPITER ASSET MANAGEMENT LTD$5M
- Man Group plc$3M
- D.A. DAVIDSON & CO.$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
Largest adds
- CIBC Asset Management Inc$53M
- Fiera Capital Corp$30M
- Federation des caisses Desjardins du Quebec$24M
- BANK OF MONTREAL /CAN/$14M
- Waratah Capital Advisors Ltd.$14M
- TD Waterhouse Canada Inc.$13M
Largest trims
- 1832 Asset Management L.P.$248M
- FIL Ltd$201M
- Caisse de depot et placement du Quebec$139M
- MACKENZIE FINANCIAL CORP$99M
- BROWNING WEST LP$55M
- GOLDMAN SACHS GROUP INC$53M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Caisse de depot et placement du Quebec | 30,917,402 | $802M | 11.9% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 16,395,507 | $427M | 6.4% | 2026-Q1 |
| BRANDES INVESTMENT PARTNERS, LP added | 15,874,667 | $414M | 6.2% | 2026-Q1 |
| BROWNING WEST LP | 12,620,233 | $329M | 4.9% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 11,944,101 | $311M | 4.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 8,723,259 | $227M | 3.4% | 2026-Q1 |
| Select Equity Group, L.P. added | 8,251,691 | $214M | 3.2% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 6,228,487 | $162M | 2.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 6,118,156 | $159M | 2.4% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 4,964,469 | $129M | 1.9% | 2026-Q1 |
| SNYDER CAPITAL MANAGEMENT L P trimmed | 4,904,452 | $128M | 1.9% | 2026-Q1 |
| FIL Ltd trimmed | 4,459,569 | $116M | 1.7% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 4,154,727 | $108M | 1.6% | 2026-Q1 |
| NORGES BANK added | 4,086,583 | $100M | 1.5% | 2026-Q1 |
| TD Asset Management Inc added | 3,528,537 | $92M | 1.4% | 2026-Q1 |
| CIBC Asset Management Inc added | 3,349,229 | $88M | 1.3% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 3,122,440 | $81M | 1.2% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 3,053,040 | $79M | 1.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,879,048 | $75M | 1.1% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,802,209 | $73M | 1.1% | 2026-Q1 |
| Invesco Ltd. trimmed | 2,347,481 | $61M | 0.9% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 2,344,602 | $61M | 0.9% | 2026-Q1 |
| Fiera Capital Corp added | 2,300,829 | $60M | 0.9% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,198,926 | $57M | 0.9% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 2,090,508 | $55M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,054,283 | $54M | 0.8% | 2026-Q1 |
| Legal & General Group Plc trimmed | 2,054,944 | $53M | 0.8% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 2,024,278 | $53M | 0.8% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 1,750,176 | $46M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,701,002 | $44M | 0.7% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 1,680,635 | $44M | 0.7% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 1,554,416 | $41M | 0.6% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 1,069,297 | $39M | 0.6% | 2026-Q1 |
| Artisan Partners Limited Partnership trimmed | 1,413,596 | $37M | 0.5% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 1,277,281 | $33M | 0.5% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,216,882 | $32M | 0.5% | 2026-Q1 |
| Global Alpha Capital Management Ltd. added | 1,206,866 | $31M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,178,964 | $30M | 0.4% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND | 1,033,504 | $27M | 0.4% | 2026-Q1 |
| Swiss National Bank added | 1,028,300 | $27M | 0.4% | 2026-Q1 |
| Capital International Investors | 964,743 | $25M | 0.4% | 2026-Q1 |
| First Eagle Investment Management, LLC | 935,036 | $24M | 0.4% | 2026-Q1 |
| Driehaus Capital Management LLC trimmed | 899,900 | $23M | 0.3% | 2026-Q1 |
| Waratah Capital Advisors Ltd. added | 889,234 | $23M | 0.3% | 2026-Q1 |
| AVIVA PLC added | 850,130 | $22M | 0.3% | 2026-Q1 |
| Sunriver Management LLC new | 844,393 | $22M | 0.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 846,883 | $22M | 0.3% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 841,094 | $22M | 0.3% | 2026-Q1 |
| PCJ Investment Counsel Ltd. added | 782,693 | $20M | 0.3% | 2026-Q1 |
| Sycale Advisors (NY) LLC trimmed | 762,707 | $20M | 0.3% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 721,207 | $19M | 0.3% | 2026-Q1 |
| Cresset Asset Management, LLC added | 727,565 | $19M | 0.3% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 682,245 | $18M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 662,899 | $17M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 627,488 | $16M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 589,869 | $15M | 0.2% | 2026-Q1 |
| Amundi added | 587,632 | $15M | 0.2% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 575,216 | $15M | 0.2% | 2026-Q1 |
| MONTRUSCO BOLTON INVESTMENTS INC. | 565,500 | $15M | 0.2% | 2026-Q1 |
| UBS Group AG added | 561,793 | $15M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 559,440 | $15M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 523,196 | $14M | 0.2% | 2026-Q1 |
| Addenda Capital Inc. added | 366,816 | $13M | 0.2% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 477,335 | $12M | 0.2% | 2026-Q1 |
| Public Sector Pension Investment Board added | 469,964 | $12M | 0.2% | 2026-Q1 |
| BARCLAYS PLC added | 455,598 | $12M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 447,372 | $12M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 442,839 | $12M | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 387,484 | $10M | 0.1% | 2026-Q1 |
| Heathbridge Capital Management Ltd. trimmed | 376,350 | $10M | 0.1% | 2026-Q1 |
| Senvest Management, LLC new | 370,000 | $10M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 337,899 | $9M | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 324,866 | $8M | 0.1% | 2026-Q1 |
| FMR LLC added | 286,496 | $7M | 0.1% | 2026-Q1 |
| Anson Funds Management LP added | 280,000 | $7M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 273,842 | $7M | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 272,154 | $7M | 0.1% | 2026-Q1 |
| Korea Investment CORP trimmed | 267,752 | $7M | 0.1% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 264,246 | $7M | 0.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 261,900 | $7M | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 258,251 | $7M | 0.1% | 2026-Q1 |
| SCOTIA CAPITAL INC. added | 254,600 | $7M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 252,813 | $7M | 0.1% | 2026-Q1 |
| Northwest & Ethical Investments L.P. trimmed | 226,461 | $6M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 163,565 | $6M | 0.1% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 225,224 | $6M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 222,983 | $6M | 0.1% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 198,921 | $6M | 0.1% | 2026-Q1 |
| JARISLOWSKY, FRASER Ltd trimmed | 20,943,262 | $620M | 9.2% | 2025-Q3 stale |
| VANGUARD GROUP INC trimmed | 12,648,640 | $385M | 5.7% | 2025-Q4 stale |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 534,357 | $19M | 0.3% | 2025-Q1 stale |
| J. Goldman & Co LP new | 410,931 | $12M | 0.2% | 2025-Q3 stale |
| Phoenix Financial Ltd. added | 352,200 | $10M | 0.2% | 2025-Q2 stale |
| HSBC HOLDINGS PLC added | 263,259 | $8M | 0.1% | 2025-Q3 stale |
| MARSHALL WACE, LLP added | 261,968 | $8M | 0.1% | 2025-Q3 stale |
| FORSTA AP-FONDEN trimmed | 196,200 | $6M | 0.1% | 2025-Q4 stale |
| COOPER CREEK PARTNERS MANAGEMENT LLC new | 200,000 | $6M | 0.1% | 2025-Q2 stale |
| SCOPIA CAPITAL MANAGEMENT LP new | 198,077 | $6M | 0.1% | 2025-Q3 stale |
| Forge First Asset Management Inc. new | 191,700 | $6M | 0.1% | 2025-Q3 stale |
| JUPITER ASSET MANAGEMENT LTD trimmed | 176,669 | $5M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.