undamentalytics Newsletter

OR Royalties Inc.: which funds bought and sold

Institutions that bought and sold OR Royalties shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 112 institutions that filed 13F reports for both quarters added to or opened positions in OR Royalties, and 115 cut or closed them. Together they sold a net 5.1M shares, −3.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 7.6M shares (−13.3%); index fund managers were net buyers of 140K shares (+1.8%). 27 opened a new position and 31 sold out entirely.

Bought, Q2 2026 112 institutions, 27 of them new holders Sold, Q2 2026 115 institutions, 31 of them sold out
Net change, all compared −5.1M shares (−3.9%)
Net change, active managers −7.6M shares (−13.3%), 17 bought, 27 sold

Buyers versus sellers

institutions compared, 271
Active managers and hedge funds 17 bought · 27 sold · −7.6M
Index fund managers 4 bought · 3 sold · +140K
Other institutions 91 bought · 85 sold · +2.4M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
AQR Capital Management LLC Hedge fund +650K +626.2% 754K $23.8M
Verbena Value LP +629K +48.6% 1.9M $60.8M
Van Eck Associates Corp +615K +5.9% 11.1M $351M
Tidal Investments LLC +581K +21.3% 3.3M $105M
Invesco Ltd. +507K +23.9% 2.6M $83.2M
T. Rowe Price Investment Management, Inc. Active manager +376K +6.0% 6.7M $212M
Bank Of Montreal +369K +25.2% 1.8M $57.9M
Schroder Investment Management Group Active manager +343K New position 343K $10.9M
BNP Paribas Financial Markets +322K +2804.9% 334K $10.6M
D. E. Shaw & Co., Inc. Hedge fund +239K +1957.9% 251K $7.9M
Mirae Asset Global Etfs Holdings Ltd. +236K +3.3% 7.3M $231M
British Columbia Investment Management Corp +219K +136.3% 379K $12M
Goldman Sachs Group Inc +192K +13.7% 1.6M $50.4M
Caisse De Depot Et Placement Du Quebec +187K +7.8% 2.6M $81.4M
Horizon Kinetics Asset Management LLC +162K +9.2% 1.9M $60.6M
Extract Advisors LLC +140K +90.1% 295K $9.3M
Morgan Stanley +136K +7.1% 2.0M $64.3M
CIBC World Market Inc. +130K +45.6% 414K $13.1M
Bank Of America Corp +126K +12.5% 1.1M $35.9M
Cambridge Investment Research Advisors, Inc. +105K +101.9% 209K $6.6M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Arrowstreet Capital, Limited Partnership Hedge fund −2.1M −58.0% 1.5M $48.8M
Price T Rowe Associates Inc Active manager −1.4M −15.4% 8.0M $252M
FMR LLC Active manager −1.3M −40.5% 2.0M $62.2M
Edgepoint Investment Group Inc. Active manager −1.1M −5.6% 18.4M $581M
Citadel Advisors LLC Hedge fund −891K −58.2% 640K $20.3M
Massachusetts Financial Services Co Active manager −660K Sold out 0 —
Millennium Management LLC Hedge fund −631K −54.3% 531K $16.8M
Nuveen, LLC −580K −74.6% 198K $6.3M
Amundi −461K −40.1% 690K $21.8M
Qube Research & Technologies Ltd Hedge fund −442K −38.7% 699K $22.1M
Man Group PLC Hedge fund −395K −83.6% 78K $2.5M
Two Sigma Investments, LP Hedge fund −363K −15.2% 2.0M $64.2M
Picton Mahoney Asset Management −249K −7.5% 3.1M $97.6M
Mackenzie Financial Corp −245K −11.9% 1.8M $81.7M
Principal Financial Group Inc −195K −25.9% 557K $17.6M
Manning & Napier Advisors LLC −142K −37.7% 234K $7.4M
HRT Financial LP −140K Sold out 0 —
Y-Intercept (Hong Kong) Ltd −118K −75.4% 39K $1.2M
Royal Bank Of Canada −115K −4.3% 2.6M $81.6M
UBS Group AG −86K −34.7% 162K $5.1M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Schroder Investment Management GroupActive manager 343K $10.9M
Xtx Topco Ltd 66K $2.1M
Covea Finance 50K $1.6M
Quadrature Capital LtdHedge fund 46K $1.5M
Jump Financial, LLC 46K $1.4M
Btg Pactual Asset Management Us LLC 29K $929,922
Caitong International Asset Management Co., Ltd 20K $618,019
Autumn Glory Partners, LLC 15K $474,450
Gts Securities LLC 14K $440,574
Pks Advisory Services, LLC 13K $419,821

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Massachusetts Financial Services CoActive manager 660K $25.1M
HRT Financial LP 140K $5.3M
Cwa Asset Management Group, LLC 62K $2.4M
First Trust Advisors LP 53K $2M
Healthcare Of Ontario Pension Plan Trust Fund 50K $1.9M
Navellier & Associates Inc 48K $1.8M
Brevan Howard Capital Management LPHedge fund 37K $1.4M
Trexquant Investment LPHedge fund 34K $1.3M
Imc-Chicago, LLC 29K $1.1M
Caption Management, LLC 19K $711,316

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
243
Ten largest holders
54.0%
of 13F-reported shares
Index fund managers
6.2%
of 13F-reported shares
Active managers and hedge funds
39.0%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 17 27 2 8 −7.6M −13.3%
Index fund managers 4 3 0 0 +140K +1.8%
Other institutions 91 85 25 23 +2.4M +3.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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