Stantec Inc.
US ˙ NYSE ˙ CA85472N1096

SecuritySTN / Stantec Inc.
Institution1832 Asset Management L.P.
Latest Disclosed Ownership4,964,066 shares
Ownership 4.35%
1832 Asset Management L.P. ownership in STN / Stantec Inc.

2025-07-31 - 1832 Asset Management L.P. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 4,964,066 shares of Stantec Inc. (US:STN). This represents 4.3519 percent ownership of the company. In their previous filing dated 2025-04-15 , 1832 Asset Management L.P. had reported owning 5,640,466 shares, indicating a decrease of -11.99 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-07-31 2025-07-31 13G/A 5,640,466 4,964,066 -11.99 4.35 -11.99
2025-04-15 2025-04-15 13G 5,640,466 4.94

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F STANTEC COM 85472N109 3,927,603 -47,529 -1.20 339,345 -9.53 0.3120
2026-02-13 2025-12-31 13F STANTEC COM 85472N109 3,975,132 3,897,438 5,016.40 375,093 4,378.72 0.2857
2025-11-14 2025-09-30 13F STANTEC COM 85472N109 77,694 -10,205 -11.61 8,375 -12.32 0.0066
2025-08-13 2025-06-30 13F STANTEC COM 85472N109 87,899 -7,752 -8.10 9,553 20.56 0.0075
2025-05-14 2025-03-31 13F STANTEC COM 85472N109 95,651 7,564 8.59 7,924 14.66 0.0072
2025-02-14 2024-12-31 13F STANTEC COM 85472N109 88,087 -120,194 -57.71 6,910 -58.74 0.0059
2024-11-13 2024-09-30 13F STANTEC COM 85472N109 208,281 130,138 166.54 16,748 156.54 0.0127
2024-08-13 2024-06-30 13F STANTEC COM 85472N109 78,143 -18,955 -19.52 6,529 -19.04 0.0053
2024-05-14 2024-03-31 13F STANTEC COM 85472N109 97,098 -5,873 -5.70 8,063 -2.35 0.0048
2024-02-13 2023-12-31 13F STANTEC COM 85472N109 102,971 1,258 1.24 8,257 25.14 0.0119
2023-11-13 2023-09-30 13F STANTEC COM 85472N109 101,713 611 0.60 6,598 0.08 0.0094
2023-08-14 2023-06-30 13F STANTEC COM 85472N109 101,102 -1,140 -1.12 6,594 10.42 0.0128
2023-05-12 2023-03-31 13F STANTEC COM 85472N109 102,242 -9,680 -8.65 5,972 11.30 0.0123
2023-02-15 2022-12-31 13F STANTEC COM 85472N109 111,922 -3,311 -2.87 5,366 6.22 0.0110
2022-11-14 2022-09-30 13F STANTEC COM 85472N109 115,233 103,653 895.10 5,051 896.25 0.0108
2022-08-15 2022-06-30 13F STANTEC COM 85472N109 11,580 -106,489 -90.19 507 -91.33 0.0010
2022-05-16 2022-03-31 13F STANTEC COM 85472N109 118,069 108,105 1,084.96 5,849 940.75 0.0095
2022-02-15 2021-12-31 13F STANTEC COM 85472N109 9,964 -325,348 -97.03 562 -96.47 0.0010
2021-11-15 2021-09-30 13F STANTEC COM 85472N109 335,312 7,780 2.38 15,931 9.56 0.0299
2021-08-20 2021-06-30 13F/A-1 STANTEC COM 85472N109 327,532 -9,847 -2.92 14,541 1.15 0.0281
2021-08-16 2021-06-30 13F STANTEC COM 85472N109 327,532 -9,847 14,541 0.0282
2021-05-17 2021-03-31 13F STANTEC COM 85472N109 337,379 9,284 2.83 14,375 34.94 0.0311
2021-02-16 2020-12-31 13F STANTEC COM 85472N109 328,095 -7,627 -2.27 10,653 2.01 0.0249
2020-11-16 2020-09-30 13F STANTEC COM 85472N109 335,722 -94,064 -21.89 10,443 -19.59 0.0273
2020-08-14 2020-06-30 13F STANTEC COM 85472N109 429,786 -12,379 -2.80 12,987 19.76 0.0390
2020-05-26 2020-03-31 13F/A-1 STANTEC COM 85472N109 442,165 440,665 29,377.67 10,844 25,719.05 0.0391
2020-05-14 2020-03-31 13F STANTEC COM 85472N109 2,345 845 60 453.6622
2020-02-14 2019-12-31 13F STANTEC COM 85472N109 1,500 0 0.00 42 27.27 0.0001
2019-11-14 2019-09-30 13F STANTEC COM 85472N109 1,500 -102 -6.37 33 -13.16 0.0001
2019-08-14 2019-06-30 13F STANTEC COM 85472N109 1,602 102 6.80 38 8.57 0.0001
2019-05-15 2019-03-31 13F STANTEC COM 85472N109 1,500 -2,358 -61.12 35 -58.82 0.0001
2019-02-14 2018-12-31 13F STANTEC COM 85472N109 3,858 226 6.22 85 -5.56 0.0003
2018-11-14 2018-09-30 13F STANTEC COM 85472N109 3,632 -16,317 -81.79 90 -82.52 0.0003
2018-08-14 2018-06-30 13F STANTEC COM 85472N109 19,949 -13,094 -39.63 515 -36.73 0.0017
2018-05-15 2018-03-31 13F STANTEC COM 85472N109 33,043 -421,395 -92.73 814 -93.59 0.0030
2018-02-14 2017-12-31 13F STANTEC COM 85472N109 454,438 -1,338,941 -74.66 12,696 -73.77 0.0413
2017-11-14 2017-09-30 13F STANTEC COM 85472N109 1,793,379 -2,017,174 -52.94 48,407 -49.55 0.1696
2017-08-14 2017-06-30 13F STANTEC COM 85472N109 3,810,553 -281,077 -6.87 95,948 -9.63 0.4343
2017-05-15 2017-03-31 13F STANTEC COM 85472N109 4,091,630 -49,413 -1.19 106,178 1.48 0.3797
2017-04-01 2016-12-31 13F/A-1 STANTEC COM 85472N109 4,141,043 973,589 30.74 104,629 40.54 0.3209
2017-02-14 2016-12-31 13F STANTEC COM 85472N109 3,292,901 76,480
2016-11-15 2016-09-30 13F STANTEC COM 85472N109 3,167,454 -362,810 -10.28 74,447 -13.04 0.2797
2016-08-12 2016-06-30 13F/A-1 STANTEC COM 85472N109 3,530,264 143,503 4.24 85,615 -40.66 0.3330
2016-08-12 2016-06-30 13F STANTEC COM 85472N109 3,530,264 143,503 138,670 0.3342
2016-05-12 2016-03-31 13F STANTEC COM 85472N109 3,386,761 1,280,622 60.80 144,289 172.23 0.3515
2016-02-12 2015-12-31 13F STANTEC COM 85472N109 2,106,139 -340,526 -13.92 53,003 -0.91 0.2291
2015-11-12 2015-09-30 13F STANTEC COM 85472N109 2,446,665 -1,997,133 -44.94 53,488 -58.81 0.2238
2015-08-13 2015-06-30 13F STANTEC COM 85472N109 4,443,798 -376,834 -7.82 129,866 12.56 0.4406
2015-05-13 2015-03-31 13F STANTEC COM 85472N109 4,820,632 993,632 25.96 115,373 9.65 0.4340
2015-02-12 2014-12-31 13F STANTEC COM 85472N109 3,827,000 2,911,153 317.86 105,216 75.56 0.3258
2014-11-12 2014-09-30 13F STANTEC COM 85472N109 915,847 246,096 36.74 59,930 44.48 0.1956
2014-08-13 2014-06-30 13F STANTEC COM 85472N109 669,751 119,351 21.68 41,479 25.68 0.1307
2014-05-14 2014-03-31 13F STANTEC COM 85472N109 550,400 207,300 60.42 33,004 55.15 0.1135
2014-02-13 2013-12-31 13F STANTEC COM 85472N109 343,100 -53,700 -13.53 21,272 4.98 0.0818
2013-11-13 2013-09-30 13F STANTEC COM 85472N109 396,800 117,300 41.97 20,262 71.62 0.0898
2013-08-14 2013-06-30 13F STANTEC COM 85472N109 279,500 279,500 11,806 0.0517
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.