Stantec

STN • NYSE

Stantec is a engineering & construction company in the industrials sector on NYSE, led by Gord Johnston, with a market cap of $10.7B. As of Q3 2025, 57% of shares are held by 270 institutional investors, with MACKENZIE FINANCIAL CORP as the largest holder at 5.06%.

President & CEOGord Johnston

Market Cap$10.7B

Engineering & Construction

Industrials

Employees28.0K

Websitestantec.com

Overview

Overview of institutional ownership in STN as of Q3 2025 with a market cap of $12.3B

All Institutions

Institutions: 270
Value Held: $7.0B
Shares Held: 64.4M
Avg Position: $25.8M
Median Position: $1.3M

Hedge Funds

Hedge Funds: 19
Value Held: $121.7M
Shares Held: 1.1M
Avg Position: $6.4M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

55.73%

$6.9B

Hedge Funds

0.99%

$121.7M

Retail & Other

43.28%

$5.3B

Based on market cap of $12.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in STN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$622.7M 0.75% of portfolio	5.06% 5.8M shares	Q2 2017 Held for 8y 5m	$82.7B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$525.6M 0.01% of portfolio	4.27% 4.9M shares	Q1 2015 Held for 10y 8m	$6.69T
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	$440.3M 2.42% of portfolio	3.58% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$18.2B
R ROYAL BANK OF CANADA Institution	-	$432.7M 0.08% of portfolio	3.52% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$384.6M 0.17% of portfolio	3.13% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$227.19B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$374.7M 0.12% of portfolio	3.05% 3.5M shares	Q1 2021 Held for 4y 8m	$317.45B
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$373.5M 0.36% of portfolio	3.03% 3.5M shares	Q3 2023 Held for 2y 2m	$103.68B
F Fiera Capital Corp Institution	-	$266.2M 0.86% of portfolio	2.16% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$30.9B
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$201.3M 0.17% of portfolio	1.64% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$120.17B
FMR LLC Institution	-	$191.6M 0.01% of portfolio	1.56% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T

Net Capital Flow

Institutional buying and selling activity for STN in Q3 2025

Traded: −$234.3M
Buyers: 134
Sellers: 110
Total Bought: +$532.8M
Total Sold: −$767.1M
Avg Position: $23.5M

Biggest Buyers

Institution	Net Bought	Current Position
R ROYAL BANK OF CANADA Institution	+$77.0M +714.2K shares	$432.7M 4.0M shares
Federation des caisses Desjardins du Quebec Fund of Funds	+$69.8M +651.7K shares	$86.2M 804.7K shares
BANK OF AMERICA CORP /DE/ Institution	+$41.8M +387.9K shares	$93.8M 870.4K shares
GOLDMAN SACHS GROUP INC Institution	+$40.8M +378.3K shares	$179.2M 1.7M shares
L LEGAL & GENERAL GROUP PLC Institution	+$26.7M +247.1K shares	$86.6M 802.9K shares
BANK OF MONTREAL /CAN/ Institution	+$23.7M +219.7K shares	$384.6M 3.6M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$20.2M +186.9K shares	$32.6M 302.2K shares
PRINCIPAL FINANCIAL GROUP INC Institution	+$17.4M +161.4K shares	$44.5M 412.5K shares
VANGUARD GROUP INC Institution	+$16.4M +152.2K shares	$525.6M 4.9M shares
M Man Group plc Institution	+$14.6M +135.3K shares	$83.7M 776.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
M MANUFACTURERES LIFE INSURANCE CO Institution	−$153.3M −1.4M shares	$201.3M 1.9M shares
Jarislowsky, Fraser Ltd Long Only Manager	−$95.1M −881.9K shares	$440.3M 4.1M shares
A Amundi Institution	−$84.0M −637.4K shares	$89.5M 679.1K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$59.8M −554.7K shares	$144.1M 1.3M shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$42.2M −391.6K shares	$622.7M 5.8M shares
W Waratah Capital Advisors Ltd. Hedge Fund•Multi-Strategy	−$37.1M −344.4K shares	$7.1M 66.1K shares
A AXA Institution	−$28.9M −266.2K shares	Sold Off 0 shares
T TD ASSET MANAGEMENT INC Institution	−$27.6M −255.9K shares	$76.1M 705.7K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	−$20.1M −186.2K shares	$6.9M 63.8K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$19.7M −182.5K shares	$14.2M 132.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited STN in Q3 2025

New Positions: 15
New Value: $11.7M
Exited Positions: 27
Exited Value: $90.2M

New Positions

Institution	Position Value
S Sienna Gestion Institution	$8.1M 82.4K shares
U Utah Retirement Systems Institution	$1.4M 12.8K shares
O OSSIAM Institution	$483.5K 4.5K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$388.1K 3.6K shares
Oakmont Partners LLC RIA/Wealth	$383.4K 3.6K shares
IEQ CAPITAL, LLC RIA/Wealth	$279.0K 2.6K shares
Sequoia Financial Advisors, LLC RIA/Wealth	$244.4K 2.3K shares
V Vise Technologies, Inc. Institution	$206.5K 1.9K shares
Virtus ETF Advisers LLC Long Only Manager	$107.8K 1.0K shares
Keystone Financial Group RIA/Wealth	$102.8K 954.0 shares

Exited Positions

Institution	Previous Position
A AXA Institution	$28.9M 266.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$15.5M 142.2K shares
JENNISON ASSOCIATES LLC Long Only Manager	$12.5M 115.1K shares
INTACT INVESTMENT MANAGEMENT INC. Private Equity	$11.2M 102.7K shares
P Point72 Asia Pte. Ltd. Institution	$4.0M 36.8K shares
PRUDENTIAL FINANCIAL INC Institution	$3.9M 35.9K shares
M MACQUARIE GROUP LTD Institution	$3.0M 20.5K shares
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$2.5M 23.1K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.1M 19.2K shares
Quantbot Technologies LLC Hedge Fund•Quant	$924.1K 8.5K shares

Options Activity

Institutions with the largest Call and Put options positions in STN as of Q3 2025

Call Positions: 3
Call Value: $2.8M
Put Positions: 3
Put Value: $3.2M

Call Positions

Institution	Position Value
S SIG North Trading, ULC Institution	$1.4M 128.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2M 114.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$204.8K 19.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 194.0 contracts
S SIG North Trading, ULC Institution	$1.0M 96.0 contracts
TORONTO DOMINION BANK Institution	$107.8K 10.0 contracts

Most Committed Institutions

Institutions with STN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
EAM Global Investors LLC Long Only Manager	Derek John Gaertner CEO	10.01% $2.4M	0.02% 21.9K shares	Q2 2025 Held for 5 months	$23.6M
E ECOFI INVESTISSEMENTS SA Institution	-	9.10% $7.6M	0.06% 70.3K shares	Q2 2024 Held for 1y 5m	$83.3M
Caldwell Investment Management Ltd. RIA/Wealth	Natasha Lee Smith CCO	4.56% $6.1M	0.05% 57.9K shares	Q4 2021 Held for 3y 11m	$134.0M
NIA IMPACT ADVISORS, LLC Long Only Manager	Kristin Blair Hull CEO	2.65% $8.1M	0.07% 75.5K shares	Q1 2024 Held for 1y 8m	$307.7M
F Forge First Asset Management Inc. Institution	-	2.57% $5.4M	0.04% 49.7K shares	Q1 2025 Held for 8 months	$208.7M
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	2.42% $440.3M	3.58% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$18.2B
Grandeur Peak Global Advisors, LLC Long Only Manager	Blake Harold Walker CEO	1.71% $12.8M	0.10% 118.4K shares	Q2 2024 Held for 1y 5m	$745.4M
Q QV Investors Inc. Institution	-	1.62% $17.4M	0.14% 161.0K shares	Q2 2017 Held for 8y 5m	$1.1B
BAROMETER CAPITAL MANAGEMENT INC. Long Only Manager	David Charles Burrows CEO	1.62% $7.1M	0.04% 47.0K shares	Q4 2022 Held for 2y 11m	$436.6M
C Cumberland Partners Ltd Institution	-	1.15% $17.4M	0.14% 161.7K shares	Q1 2022 Held for 3y 8m	$1.5B

Hedge Fund Spotlight

Discover hedge funds investing in STN

Bridgewater Associates, LP

Hedge Fund • Global Macro

Portfolio ManagerNir Bar Dea

Portfolio Value: $25.5B
Positions: 1,015
Last Reported: Q3 2025

Sector Allocation

Position in Stantec

Market Value: $396.7K
Shares Held: 3.7K
Portfolio Weight: 0.00%
Owned Since: 2020-Q4

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$2.7B	10.62%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$1.7B	6.69%
3 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$645.2M	2.53%