Or RoyaltiesOR
13F holders, Q2 2026 (June 30)At the end of Q2 2026, 244 institutions reported holding Or Royalties Inc. (OR) in their 13F filings, down 6 from Q1 2026. 27 opened new positions and 33 sold out. The largest holders were EdgePoint Investment Group Inc. ($581.0M), Van Eck Associates Corp. ($350.6M) and T. Rowe Price Associates Inc. ($251.6M). 9 famous investors held it, including Paul Singer (0.7% of Elliott Investment Management's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Or Royalties Inc.
- CUSIP
- 68390D106
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2026 → Q2 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 27 | $22.6M |
| Exits | 33 | $48.1M |
All 13F filers, Q1 2026 → Q2 2026: 7,818,025 shares bought and 13,019,765 shares sold, net −5,201,740 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 244 holders
| EdgePoint Investment Group Inc. | 4.39% | Reduce -5.6% | 18,366,141 | $581.0M |
| Van Eck Associates Corp. | 0.22% | Add +5.9% | 11,085,785 | $350.6M |
| T. Rowe Price Associates Inc. | 0.03% | Reduce -15.4% | 7,955,159 | $251.6M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.28% | Add +3.3% | 7,293,395 | $230.9M |
| T. Rowe Price Investment Management, Inc. | 0.14% | Add +6.0% | 6,687,032 | $211.5M |
| Vanguard Capital Management LLC | 0.00% | Add +0.9% | 5,537,686 | $175.4M |
| Tidal Investments LLC | 0.25% | Add +21.3% | 3,309,375 | $104.7M |
| Elliott Investment Management | 0.69% | No change | 3,111,000 | $98.4M |
| Picton Mahoney Asset Management | 0.90% | Reduce -7.5% | 3,091,096 | $97.6M |
| Invesco Ltd. | 0.01% | Add +23.9% | 2,630,233 | $83.2M |
| Mackenzie Financial Corp. | 0.08% | Reduce -11.9% | 1,818,737 | $81.7M |
| Royal Bank of Canada | 0.01% | Reduce -4.3% | 2,580,250 | $81.6M |
| Caisse de depot et placement du Quebec | 0.12% | Add +7.8% | 2,570,186 | $81.4M |
| Norges Bank | 0.01% | — | 2,498,906 | $79.1M |
| Sprott Inc. | 2.60% | Add +3.2% | 2,438,086 | $77.1M |
| Morgan Stanley | 0.00% | Add +7.1% | 2,033,058 | $64.3M |
| Two Sigma Investments, LP | 0.05% | Reduce -15.2% | 2,029,391 | $64.2M |
| FMR LLC | 0.00% | Reduce -40.5% | 1,963,673 | $62.2M |
| Verbena Value LP | 10.05% | Add +48.6% | 1,923,700 | $60.8M |
| Horizon Kinetics Asset Management LLC | 0.69% | Add +9.2% | 1,915,799 | $60.6M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.11% | Reduce -3.9% | 1,859,294 | $58.8M |
| Bank of Montreal | 0.02% | Add +25.2% | 1,829,980 | $57.9M |
| Vanguard Fiduciary Trust Co. | 0.01% | Reduce -0.0% | 1,663,364 | $52.7M |
| Goldman Sachs Group Inc. | 0.01% | Add +13.7% | 1,594,748 | $50.4M |
| Arrowstreet Capital, Limited Partnership | 0.02% | Reduce -58.0% | 1,543,565 | $48.8M |
| Capital World Investors | 0.01% | Add +0.9% | 1,463,026 | $46.3M |
| Bank of America Corp. | 0.00% | Add +12.5% | 1,133,733 | $35.9M |
| Euro Pacific Asset Management, LLC | 3.59% | Add +0.2% | 1,029,143 | $31.6M |
| TD Asset Management Inc | 0.03% | Add +5.6% | 944,735 | $29.9M |
| Verition Fund Management LLC | 0.20% | Reduce -2.5% | 837,487 | $26.5M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 1.89% | Reduce -0.9% | 832,658 | $26.3M |
| Dimensional Fund Advisors LP | 0.00% | Add +11.9% | 758,370 | $24.0M |
| Renaissance Technologies | 0.03% | Reduce -3.7% | 754,302 | $23.9M |
| AQR Capital Management | 0.01% | Add +626.2% | 753,794 | $23.8M |
| Qube Research & Technologies Ltd | 0.02% | Reduce -38.7% | 698,906 | $22.1M |
| Amundi | 0.01% | Reduce -40.1% | 689,996 | $21.8M |
| Manufacturers Life Insurance Company, The | 0.02% | Add +3.0% | 654,261 | $20.7M |
| Citadel Advisors | 0.01% | Reduce -58.2% | 640,299 | $20.3M |
| Vanguard Global Advisers, LLC | 0.01% | Add +6.0% | 626,880 | $19.9M |
| U S Global Investors Inc. | 1.77% | Add +8.6% | 580,723 | $18.4M |
| Principal Financial Group Inc. | 0.01% | Reduce -25.9% | 557,090 | $17.6M |
| Millennium Management | 0.01% | Reduce -54.3% | 530,774 | $16.8M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +0.7% | 425,440 | $13.5M |
| Cibc World Market Inc. | 0.02% | Add +45.6% | 414,337 | $13.1M |
| Federation des caisses Desjardins du Quebec | 0.04% | Add +1.9% | 396,974 | $12.3M |
| Jane Street Group, LLC | 0.01% | Reduce -9.7% | 381,331 | $12.1M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.08% | Add +136.3% | 378,834 | $12.0M |
| Boston Partners | 0.01% | Reduce -2.7% | 375,863 | $11.7M |
| Swiss National Bank | 0.01% | Reduce -1.5% | 368,730 | $11.6M |
| Schroder Investment Management Group | 0.01% | New | 342,877 | $10.9M |
| Toronto Dominion Bank | 0.02% | Add +18.2% | 334,237 | $10.6M |
| BNP Paribas Financial Markets | 0.01% | Add +2804.9% | 333,977 | $10.6M |
| American Century Companies Inc. | 0.00% | Add +12.6% | 330,582 | $10.5M |
| Allspring Global Investments Holdings, LLC | 0.02% | Add +0.1% | 323,700 | $10.2M |
| Extract Advisors LLC | 6.46% | Add +90.1% | 295,316 | $9.3M |
| CIBC Asset Management Inc | 0.02% | Add +3.0% | 281,802 | $8.9M |
| D. E. Shaw & Co. | 0.01% | Add +1957.9% | 251,060 | $7.9M |
| Prescott Group Capital Management, L.L.C. | 0.68% | No change | 248,000 | $7.8M |
| Cannell & Spears LLC | 0.14% | No change | 243,512 | $7.7M |
| Montrusco Bolton Investments Inc. | 0.12% | Reduce -7.0% | 236,714 | $7.5M |
| Manning & Napier Advisors LLC | 0.10% | Reduce -37.7% | 234,065 | $7.4M |
| Geode Capital Management, LLC | 0.00% | Add +62.9% | 228,053 | $7.3M |
| 1832 Asset Management L.P. | 0.01% | Reduce -2.1% | 228,665 | $7.2M |
| Knoll Capital Management, LLC | 3.32% | No change | 225,000 | $7.1M |
| National Bank of Canada | 0.01% | Add +3.7% | 227,034 | $7.0M |
| TD Waterhouse Canada Inc. | 0.02% | Reduce -1.0% | 221,068 | $7.0M |
| Global Strategic Management Inc. | 5.20% | Add +0.7% | 213,026 | $6.7M |
| Barclays PLC | 0.00% | Add +76.4% | 207,441 | $6.6M |
| Groupe la Francaise | 0.08% | Add +2.5% | 205,000 | $6.5M |
| JPMorgan Chase & Co. | 0.00% | Reduce -27.1% | 198,247 | $6.3M |
| Nuveen, LLC | 0.00% | Reduce -74.6% | 197,865 | $6.3M |
| Oxbow Advisors, LLC | 0.51% | Add +101.8% | 194,720 | $6.2M |
| Clearbridge Investments, LLC | 0.01% | Reduce -0.9% | 193,221 | $6.1M |
| Point72 Asset Management | 0.01% | Add +94.4% | 186,443 | $5.9M |
| SummitTX Capital, L.P. | 0.15% | Add +3.7% | 185,716 | $5.9M |
| Legal & General Group Plc | 0.00% | Reduce -4.5% | 183,674 | $5.8M |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | Reduce -2.7% | 172,256 | $5.5M |
| Louisbourg Investments Inc. | 0.99% | Reduce -23.6% | 169,447 | $5.4M |
| Edmond DE Rothschild Holding S.A. | 0.07% | Add +18.8% | 168,896 | $5.3M |
| Bard Associates Inc. | 1.14% | Reduce -1.2% | 161,823 | $5.1M |
| UBS Group AG | 0.00% | Reduce -34.7% | 161,515 | $5.1M |
| Gabelli Funds LLC | 0.03% | No change | 158,539 | $5.0M |
| Lane Generational LLC | 4.24% | Reduce -20.1% | 152,745 | $4.8M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Reduce -0.6% | 149,857 | $4.7M |
| Russell Investments Group, Ltd. | 0.00% | Reduce -29.8% | 137,844 | $4.4M |
| Raymond James Financial Inc. | 0.00% | Reduce -0.8% | 130,962 | $4.1M |
| Susquehanna International Group, LLP | 0.00% | Add +10.1% | 130,032 | $4.1M |
| Balyasny Asset Management L.P. | 0.01% | Add +635.1% | 120,488 | $3.8M |
| Alps Advisors Inc. | 0.02% | Add +14.6% | 120,407 | $3.8M |
| State of Tennessee, Department of Treasury | 0.01% | Reduce -38.4% | 118,200 | $3.7M |
| Jupiter Topco LLC | 0.00% | — | 113,258 | $3.6M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.01% | Add +31.6% | 112,208 | $3.6M |
| Cambridge Investment Research Advisors, Inc. | 0.01% | Add +1.0% | 104,481 | $3.3M |
| Canada Pension Plan Investment Board | 0.00% | No change | 103,700 | $3.3M |
| Rice Hall James & Associates, LLC | 0.15% | Reduce -5.1% | 98,504 | $3.1M |
| Guggenheim Capital LLC | 0.02% | Reduce -9.8% | 98,495 | $3.1M |
| McAlvany Wealth Management LLC | 2.08% | Add +11.0% | 87,970 | $2.8M |
| Bridgewater Associates | 0.01% | Reduce -9.4% | 84,698 | $2.7M |
| K2 Principal Fund, L.P. | 0.66% | No change | 80,000 | $2.5M |
| Canoe Financial LP | 0.03% | Add +51.7% | 79,732 | $2.5M |
| Genus Capital Management Inc. | 0.24% | Reduce -19.5% | 78,510 | $2.5M |
| HighTower Advisors, LLC | 0.00% | Reduce -1.3% | 77,951 | $2.5M |
| Man Group plc | 0.00% | Reduce -83.6% | 77,512 | $2.5M |
| C WorldWide Group Holding A/S | 0.06% | Reduce -31.2% | 75,522 | $2.4M |
| Polar Asset Management Partners Inc. | 0.05% | Add +30.9% | 72,000 | $2.3M |
| Public Sector Pension Investment Board | 0.01% | Add +0.7% | 70,289 | $2.2M |
| Parvin Asset Management, LLC | 1.74% | Reduce -1.9% | 68,935 | $2.2M |
| XTX Topco Ltd | 0.03% | New | 65,665 | $2.1M |
| Northwest & Ethical Investments L.P. | 0.05% | Reduce -46.8% | 63,007 | $2.0M |
| PKO Investment Management Joint-Stock Co | 0.14% | No change | 62,344 | $2.0M |
| Addenda Capital Inc. | 0.05% | Add +14.5% | 43,509 | $2.0M |
| Neuberger Berman Group LLC | 0.00% | Add +0.6% | 59,586 | $1.9M |
| Marshall Wace, LLP | 0.00% | Add +640.2% | 59,417 | $1.9M |
| Bessemer Group Inc. | 0.00% | No change | 55,100 | $1.7M |
| Stansberry Asset Management, LLC | 0.16% | Add +6.5% | 52,875 | $1.7M |
| Public Employees Retirement System of Ohio | 0.00% | Add +2.5% | 50,521 | $1.6M |
| Alberta Investment Management Corp | 0.01% | No change | 50,282 | $1.6M |
| Bank of New York Mellon Corp | 0.00% | Reduce -12.5% | 49,715 | $1.6M |
| Covea Finance | 0.05% | New | 49,500 | $1.6M |
| Vanguard Investments Australia, Ltd. | 0.00% | No change | 48,256 | $1.5M |
| Meixler Investment Management, Ltd. | 0.83% | Reduce -3.3% | 47,415 | $1.5M |
| Quadrature Capital Ltd | 0.01% | New | 46,442 | $1.5M |
| Jump Financial, LLC | 0.01% | New | 45,611 | $1.4M |
| Squarepoint Ops LLC | 0.00% | Add +240.1% | 45,543 | $1.4M |
| BlackRock, Inc. | 0.00% | Reduce -7.2% | 45,324 | $1.4M |
| CVFG LLC | 0.14% | Reduce -28.0% | 43,456 | $1.4M |
| Fca Corp. | 0.32% | Add +4.0% | 41,228 | $1.3M |
| Y-Intercept (Hong Kong) Ltd | 0.02% | Reduce -75.4% | 38,605 | $1.2M |
| Regal Partners Ltd | 0.07% | No change | 38,102 | $1.2M |
| LPL Financial LLC | 0.00% | Add +4.5% | 36,258 | $1.1M |
| Schonfeld Strategic Advisors LLC | 0.01% | Add +265.2% | 36,159 | $1.1M |
| Pictet Asset Management Holding SA | 0.00% | Reduce -4.4% | 35,874 | $1.1M |
| SIG North Trading, ULC | 0.20% | Add +116.2% | 34,308 | $1.1M |
| GAMCO Investors | 0.01% | Reduce -1.9% | 34,246 | $1.1M |
| Citigroup Inc. | 0.00% | Add +107.1% | 32,053 | $1.0M |
| Alliancebernstein L.P. | 0.00% | No change | 26,601 | $1.0M |
| Capstone Investment Advisors, LLC | 0.01% | Add +37.4% | 29,885 | $945K |
| BTG Pactual Asset Management US LLC | 0.07% | New | 29,400 | $930K |
| Dana Investment Advisors, Inc. | 0.02% | No change | 28,775 | $910K |
| Investment Management Corp of Ontario | 0.01% | No change | 26,744 | $846K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -23.5% | 25,949 | $821K |
| PFG Investments, LLC | 0.03% | Reduce -1.1% | 25,940 | $820K |
| Vident Advisory, LLC | 0.01% | Add +1.0% | 25,305 | $800K |
| Principle Wealth Partners LLC | 0.04% | No change | 24,516 | $775K |
| Advisory Services Network, LLC | 0.01% | Reduce -17.4% | 23,724 | $750K |
| B. Riley Wealth Advisors, Inc. | 0.04% | Reduce -1.6% | 23,409 | $749K |
| Cetera Investment Advisers | 0.00% | Add +6.6% | 23,621 | $748K |
| Scotia Capital Inc. | 0.00% | Reduce -5.6% | 21,380 | $668K |
| Claret Asset Management Corp | 0.07% | No change | 20,966 | $664K |
| Caitong International Asset Management Co., Ltd | 0.08% | New | 19,539 | $618K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Add +8.1% | 18,911 | $598K |
| FIL Ltd | 0.00% | Reduce -73.0% | 18,470 | $585K |
| WINTON GROUP Ltd | 0.02% | Add +26.1% | 18,423 | $583K |
| ExodusPoint Capital Management, LP | 0.01% | Reduce -57.1% | 18,286 | $578K |
| SeaBridge Investment Advisors LLC | 0.08% | Reduce -0.6% | 18,275 | $578K |
| Synergy Asset Management, LLC | 0.05% | Reduce -2.5% | 17,880 | $566K |
| Deutsche Bank AG | 0.00% | Add +1.6% | 17,687 | $559K |
| Mariner, LLC | 0.00% | Reduce -26.5% | 16,797 | $531K |
| Autumn Glory Partners, LLC | 0.13% | New | 15,000 | $474K |
| Profund Advisors LLC | 0.01% | Reduce -26.4% | 14,935 | $472K |
| Ewing Morris & Co. Investment Partners Ltd. | 0.24% | No change | 14,550 | $462K |
| Huntington National Bank | 0.00% | No change | 13,950 | $441K |
| GTS Securities LLC | 0.01% | New | 13,929 | $441K |
| Creekside Partners | 0.16% | No change | 13,700 | $433K |
| PKS Advisory Services, LLC | 0.07% | New | 13,272 | $420K |
| Entropy Technologies, LP | 0.02% | New | 13,096 | $414K |
| Hara Capital LLC | 0.20% | No change | 11,845 | $375K |
| Twin Tree Management, LP | 0.06% | Reduce -25.4% | 11,793 | $373K |
| Integrated Wealth Concepts LLC | 0.00% | No change | 11,224 | $355K |
| Ingalls & Snyder LLC | 0.01% | No change | 11,050 | $350K |
| Swiss Life Asset Management Ltd | 0.00% | Reduce -9.0% | 10,880 | $344K |
| Terril Brothers, Inc. | 0.09% | No change | 10,600 | $335K |
| Osaic Holdings, Inc. | 0.00% | Add +24.1% | 9,828 | $311K |
| Franklin Resources Inc. | 0.00% | Add +0.9% | 9,483 | $300K |
| Virtus Advisers, LLC | 0.11% | Add +13.6% | 8,771 | $277K |
| Valmark Advisers, Inc. | 0.00% | New | 8,738 | $276K |
| Pinnacle Associates Ltd. | 0.00% | No change | 8,732 | $276K |
| Two Sigma Securities, LLC | 0.02% | New | 8,661 | $274K |
| Old Mission Capital LLC | 0.01% | Reduce -6.2% | 8,573 | $271K |
| Wells Fargo & Company | 0.00% | Add +1.2% | 8,513 | $269K |
| Numerai GP LLC | 0.02% | New | 8,379 | $265K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -3.0% | 8,169 | $258K |
| Creative Planning | 0.00% | Reduce -1.0% | 8,136 | $257K |
| Pecaut & Co. | 0.08% | No change | 8,000 | $253K |
| Nykredit A/S | 0.00% | — | 7,207 | $228K |
| Linden Thomas Advisory Services, LLC | 0.02% | Add +9.8% | 7,176 | $227K |
| Kestra Advisory Services, LLC | 0.00% | New | 7,160 | $226K |
| Engineers Gate Manager LP | 0.00% | Add +30.7% | 7,010 | $222K |
| SIH Partners, LLLP | 0.01% | New | 6,930 | $219K |
| Rhumbline Advisers | 0.00% | Reduce -1.5% | 6,841 | $216K |
| 111 Capital | 0.04% | New | 6,817 | $216K |
| New England Professional Planning Group Inc. | 0.08% | Add +0.1% | 6,482 | $205K |
| AA Financial Advisors, LLC | 0.02% | No change | 6,346 | $201K |
| US Bancorp \de | 0.00% | No change | 5,302 | $168K |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | New | 4,200 | $133K |
| Elequin Capital, LP | 0.02% | Add +711.3% | 3,748 | $119K |
| PEAK6 LLC | 0.00% | Reduce -49.3% | 3,506 | $111K |
| Jones Financial Companies LLLP | 0.00% | Add +45.6% | 3,393 | $109K |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -8.7% | 3,150 | $100K |
| Simplex Trading, LLC | 0.00% | New | 2,912 | $92K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -36.8% | 2,869 | $91K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +6.0% | 2,791 | $88K |
| Creative Financial Designs Inc. | 0.00% | Reduce -41.9% | 2,491 | $79K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +0.1% | 2,360 | $75K |
| Group One Trading LLC | 0.00% | New | 2,192 | $69K |
| Allworth Financial LP | 0.00% | Reduce -3.6% | 2,021 | $64K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -3.7% | 2,020 | $64K |
| Aviso Financial Inc. | 0.00% | Add +3.2% | 1,699 | $54K |
| Walleye Trading LLC | 0.00% | Reduce -91.6% | 1,671 | $53K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -0.5% | 1,219 | $39K |
| Parkside Financial Bank & Trust | 0.00% | Reduce -2.3% | 1,176 | $37K |
| Grove Bank & Trust | 0.00% | New | 1,000 | $32K |
| Atlantic Edge Private Wealth Management, LLC | 0.01% | No change | 900 | $28K |
| CoreCap Advisors, LLC | 0.00% | No change | 756 | $24K |
| Arax Advisory Partners | 0.00% | Add +43.6% | 718 | $23K |
| Clearstead Advisors, LLC | 0.00% | New | 662 | $21K |
| Walleye Capital LLC | 0.00% | Reduce -11.3% | 661 | $21K |
| City State Bank | 0.00% | No change | 575 | $18K |
| Caitlin John, LLC | 0.01% | Add +6.3% | 420 | $13K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | No change | 400 | $13K |
| Decker Retirement Planning Inc. | 0.00% | No change | 355 | $11K |
| McGuire Capital Advisors Inc. | 0.01% | No change | 350 | $11K |
| Aventura Private Wealth, LLC | 0.00% | No change | 300 | $9K |
| Stonehage Fleming Financial Services Holdings Ltd | 0.00% | New | 263 | $8K |
| Bare Financial Services, Inc | 0.00% | No change | 250 | $8K |
| Lanark Financial, Inc. | 0.00% | Reduce -50.0% | 250 | $8K |
| AdvisorNet Financial, Inc | 0.00% | No change | 215 | $7K |
| Oakworth Capital, Inc. | 0.00% | No change | 200 | $6K |
| Quent Capital, LLC | 0.00% | No change | 127 | $4K |
| Bank & Trust Co | 0.00% | No change | 109 | $3K |
| Bell Investment Advisors, Inc | 0.00% | Add +17.6% | 107 | $3K |
| Caldwell Sutter Capital, Inc. | 0.00% | No change | 100 | $3K |
| Northwestern Mutual Wealth Management Co. | 0.00% | New | 83 | $3K |
| SWAN Capital LLC | 0.00% | Reduce -53.9% | 60 | $2K |
| Ramirez Asset Management, Inc. | 0.00% | No change | 56 | $2K |
| Rothschild Investment LLC | 0.00% | No change | 50 | $2K |
| Physician Wealth Advisors, Inc. | 0.00% | New | 40 | $1K |
| IFP Advisors, Inc | 0.00% | Reduce -50.0% | 27 | $854 |
| Tradewinds Capital Management, LLC | 0.00% | Reduce -50.0% | 25 | $791 |
| MV Capital Management, Inc. | 0.00% | New | 19 | $601 |
| Cornerstone Financial Management LLC | 0.00% | New | 16 | $506 |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 13 | $411 |
| Harbour Investments, Inc. | 0.00% | No change | 5 | $158 |
| Banque Cantonale Vaudoise | 0.00% | Add +101.0% | 1,942 | $61 |
"% of holder's portfolio" is OR's weight in each manager's 13F, not the share of Or Royalties Inc. the manager owns.