Who owns ORLA
Which tracked institutional funds hold ORLA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ORLA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-24). 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
51 tracked funds added or opened ORLA while 111 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
ORLA’s largest tracked holder by dollar value, FAIRFAX FINANCIAL HOLDINGS LTD/ CAN, sizes it at 21.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 21.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ORLA 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 2026-Q1 and 2026-Q2, across 208 tracked filers holding ORLA, 128 increased or opened the position and 95 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 ORLA between the 2026-Q1 and 2026-Q2 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 28
- NORGES BANK$39M
- AQR Arbitrage LLC$23M
- OMERS ADMINISTRATION Corp$12M
- Magnetar Financial LLC$10M
- Point72 Asset Management, L.P.$8M
- Kintayl Capital LP$8M
Full exits 29
- Amundi$69M
- JUPITER ASSET MANAGEMENT LTD$68M
- Groupe la Francaise$20M
- Euro Pacific Asset Management, LLC$14M
- Financial Sense Advisors, Inc.$6M
- PCJ Investment Counsel Ltd.$5M
Largest adds
- FAIRFAX FINANCIAL HOLDINGS LTD/ CAN$67M
- Qube Research & Technologies Ltd$12M
- MILLENNIUM MANAGEMENT LLC$9M
- DIMENSIONAL FUND ADVISORS LP$7M
- TORONTO DOMINION BANK$5M
- BANK OF AMERICA CORP /DE/$5M
Largest trims
- FMR LLC$393M
- VAN ECK ASSOCIATES CORP$156M
- FIL Ltd$66M
- Connor, Clark & Lunn Investment Management Ltd.$64M
- Invesco Ltd.$52M
- VANGUARD CAPITAL MANAGEMENT LLC$52M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN added | 58,399,504 | $568M | 27.4% | 2026-Q2 |
| FMR LLC trimmed | 20,198,953 | $198M | 9.5% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 17,749,074 | $174M | 8.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 9,004,054 | $88M | 4.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 7,958,826 | $78M | 3.7% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 7,596,526 | $74M | 3.6% | 2026-Q2 |
| Merk Investments LLC added | 7,000,000 | $69M | 3.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 6,095,778 | $60M | 2.9% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 5,199,479 | $51M | 2.5% | 2026-Q2 |
| First Eagle Investment Management, LLC | 4,767,826 | $47M | 2.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 4,254,860 | $42M | 2.0% | 2026-Q2 |
| NORGES BANK added | 3,974,308 | $39M | 1.9% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 2,921,076 | $29M | 1.4% | 2026-Q2 |
| TD Asset Management Inc trimmed | 2,802,770 | $27M | 1.3% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 2,728,367 | $27M | 1.3% | 2026-Q2 |
| Invesco Ltd. trimmed | 2,580,675 | $25M | 1.2% | 2026-Q2 |
| FIL Ltd trimmed | 2,547,581 | $25M | 1.2% | 2026-Q2 |
| AQR Arbitrage LLC new | 2,333,922 | $23M | 1.1% | 2026-Q2 |
| MORGAN STANLEY added | 2,094,418 | $21M | 1.0% | 2026-Q2 |
| GABELLI FUNDS LLC | 1,882,700 | $18M | 0.9% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 1,761,450 | $17M | 0.8% | 2026-Q2 |
| BLI - Banque de Luxembourg Investments trimmed | 1,679,000 | $16M | 0.8% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 1,625,835 | $16M | 0.8% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 1,614,700 | $16M | 0.8% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 1,450,899 | $14M | 0.7% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 1,426,800 | $14M | 0.7% | 2026-Q2 |
| OMERS ADMINISTRATION Corp added | 1,218,965 | $12M | 0.6% | 2026-Q2 |
| CWA Asset Management Group, LLC trimmed | 1,088,699 | $11M | 0.5% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 1,045,226 | $10M | 0.5% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 1,033,159 | $10M | 0.5% | 2026-Q2 |
| Magnetar Financial LLC new | 1,005,251 | $10M | 0.5% | 2026-Q2 |
| TORONTO DOMINION BANK added | 943,503 | $9M | 0.4% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 929,460 | $9M | 0.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 905,206 | $9M | 0.4% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 856,244 | $8M | 0.4% | 2026-Q2 |
| Legal & General Group Plc added | 830,822 | $8M | 0.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 821,183 | $10M | 0.5% | 2026-Q2 |
| Kintayl Capital LP new | 798,999 | $8M | 0.4% | 2026-Q2 |
| Mudita Advisors LLP trimmed | 790,319 | $8M | 0.4% | 2026-Q2 |
| Woodline Partners LP new | 789,396 | $8M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 760,805 | $7M | 0.4% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 724,608 | $7M | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 664,315 | $7M | 0.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 652,281 | $6M | 0.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 636,597 | $6M | 0.3% | 2026-Q2 |
| Swiss National Bank added | 627,300 | $6M | 0.3% | 2026-Q2 |
| ABC ARBITRAGE SA new | 577,150 | $6M | 0.3% | 2026-Q2 |
| GROUPAMA ASSET MANAGMENT added | 544,896 | $8M | 0.4% | 2026-Q2 |
| Covea Finance trimmed | 502,800 | $5M | 0.2% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 486,078 | $5M | 0.2% | 2026-Q2 |
| GMT Capital Corp new | 476,600 | $5M | 0.2% | 2026-Q2 |
| MONTRUSCO BOLTON INVESTMENTS INC. added | 468,027 | $5M | 0.2% | 2026-Q2 |
| EDMOND DE ROTHSCHILD HOLDING S.A. added | 447,039 | $4M | 0.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 425,372 | $6M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 416,637 | $4M | 0.2% | 2026-Q2 |
| UBS Group AG added | 403,960 | $4M | 0.2% | 2026-Q2 |
| CIBC Asset Management Inc added | 373,784 | $4M | 0.2% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 332,542 | $3M | 0.2% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 328,513 | $3M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC | 316,166 | $3M | 0.1% | 2026-Q2 |
| Hillsdale Investment Management Inc. trimmed | 306,410 | $3M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 296,285 | $3M | 0.1% | 2026-Q2 |
| Polar Asset Management Partners Inc. new | 275,955 | $3M | 0.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 273,288 | $3M | 0.1% | 2026-Q2 |
| Caisse de depot et placement du Quebec new | 268,654 | $3M | 0.1% | 2026-Q2 |
| New York Life Investment Management LLC new | 266,238 | $3M | 0.1% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 249,645 | $2M | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP new | 248,755 | $2M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. | 238,365 | $4M | 0.2% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 228,634 | $2M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 222,684 | $2M | 0.1% | 2026-Q2 |
| Ninepoint Partners LP | 222,500 | $2M | 0.1% | 2026-Q2 |
| QUATTRO FINANCIAL ADVISORS LLC | 214,015 | $2M | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 212,706 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 211,279 | $2M | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 207,629 | $2M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 203,869 | $2M | 0.1% | 2026-Q2 |
| BARCLAYS PLC added | 192,744 | $2M | 0.1% | 2026-Q2 |
| Triasima Portfolio Management inc. trimmed | 191,800 | $2M | 0.1% | 2026-Q2 |
| Goehring & Rozencwajg Associates, LLC added | 165,196 | $2M | 0.1% | 2026-Q2 |
| LMR Partners LLP new | 160,000 | $2M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC new | 157,397 | $2M | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 153,189 | $1M | 0.1% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL added | 149,710 | $1M | 0.1% | 2026-Q2 |
| Gotham Asset Management, LLC added | 146,160 | $1M | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 139,473 | $1M | 0.1% | 2026-Q2 |
| PKO Investment Management Joint-Stock Co | 121,748 | $1M | 0.1% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 118,778 | $1M | 0.1% | 2026-Q2 |
| K2 PRINCIPAL FUND, L.P. new | 116,828 | $1M | 0.1% | 2026-Q2 |
| Cypress Capital Management LLC (WY) added | 113,880 | $1M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 110,534 | $1M | 0.1% | 2026-Q2 |
| Avestar Capital, LLC added | 104,183 | $1M | 0.0% | 2026-Q2 |
| CoreCommodity Management, LLC new | 102,987 | $1M | 0.0% | 2026-Q2 |
| Public Sector Pension Investment Board added | 101,115 | $988K | 0.0% | 2026-Q2 |
| Mariner, LLC added | 97,192 | $952K | 0.0% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 94,256 | $921K | 0.0% | 2026-Q2 |
| SPROTT INC. added | 83,661 | $819K | 0.0% | 2026-Q2 |
| Leonteq Securities AG trimmed | 80,000 | $782K | 0.0% | 2026-Q2 |
| K.J. Harrison & Partners Inc added | 80,000 | $781K | 0.0% | 2026-Q2 |
| Jain Global LLC added | 79,450 | $778K | 0.0% | 2026-Q2 |
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.