Stantec Inc.
US ˙ NYSE ˙ CA85472N1096

SecuritySTN / Stantec Inc.
InstitutionQube Research & Technologies Ltd
Latest Disclosed Ownership277,834 shares
Latest Disclosed Value $ 24,004,858
Qube Research & Technologies Ltd reports 30.80% increase in ownership of STN / Stantec Inc.

On May 15, 2026 - Qube Research & Technologies Ltd filed a 13F-HR form disclosing ownership of 277,834 shares of Stantec Inc. (US:STN) valued at $24,004,858 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 212,411 shares of Stantec Inc.. This represents a change in shares of 30.80% during the quarter. The current value of the position is $20,437,469 USD.

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)
2026-05-15 2026-03-31 13F STANTEC COM 85472N109 277,834 65,423 30.80 24,005 19.76 0.0267
2026-02-17 2025-12-31 13F STANTEC COM 85472N109 212,411 100,369 89.58 20,043 65.95 0.0204
2025-11-14 2025-09-30 13F STANTEC COM 85472N109 112,042 40,888 57.46 12,078 56.19 0.0125
2025-08-14 2025-06-30 13F STANTEC COM 85472N109 71,154 -10,656 -13.03 7,733 14.11 0.0079
2025-05-15 2025-03-31 13F STANTEC COM 85472N109 81,810 -59,010 -41.90 6,777 -38.65 0.0079
2025-02-14 2024-12-31 13F STANTEC COM 85472N109 140,820 23,464 19.99 11,047 17.07 0.0145
2024-11-14 2024-09-30 13F STANTEC COM 85472N109 117,356 55,594 90.01 9,437 82.87 0.0139
2024-08-14 2024-06-30 13F STANTEC COM 85472N109 61,762 12,700 25.89 5,160 26.66 0.0082
2024-05-14 2024-03-31 13F STANTEC COM 85472N109 49,062 39,410 408.31 4,074 427.04 0.0065
2024-02-13 2023-12-31 13F STANTEC COM 85472N109 9,652 4,697 94.79 774 140.81 0.0015
2023-11-13 2023-09-30 13F STANTEC COM 85472N109 4,955 4,955 321 0.0008
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.