SCHEDULE 13G/A: Institutional Investors Disclose Passive Stakes in Colliers International Group Inc.

Multiple Canadian financial institutions, including Jarislowsky, Fraser Limited and 1832 Asset Management L.P., have filed an amended Schedule 13G disclosing their beneficial ownership in Colliers International Group Inc. as of December 31, 2024.

Summary

• Four Canadian financial institutions – 1832 Asset Management L.P., MD Financial Management Inc., Scotia McLeod (a division of Scotia Capital Inc.), and Jarislowsky, Fraser Limited – jointly filed an Amendment No. 2 to Schedule 13G.
• The filing discloses their beneficial ownership of Common Shares in Colliers International Group Inc. as of December 31, 2024.
• Collectively, these entities beneficially own an aggregate of 2,427,623 Common Shares, representing 4.93328% of the class.
• Jarislowsky, Fraser Limited holds the largest individual stake among the reporting persons, with 2,038,398 shares, accounting for 4.142319% of the class, all with sole voting and dispositive power.
• 1832 Asset Management L.P. holds 341,770 shares (0.694526%), with both sole and shared voting/dispositive power.
• MD Financial Management Inc. holds 25,593 shares (0.052009%) with sole voting and dispositive power.
• Scotia McLeod holds 21,862 shares (0.044427%) with sole voting and dispositive power.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Colliers International Group Inc.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine beneficial ownership disclosure filing that provides factual information about institutional holdings without indicating any positive or negative operational or financial performance.

Risks

• The reporting persons explicitly state that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating immediate control-related risks from these specific holders.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
• "By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Fund Manager and Portfolio Manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."

Industry Context

This Schedule 13G filing is a routine disclosure by institutional investors, indicating their passive ownership stakes in Colliers International Group Inc. It reflects standard portfolio management activities by financial institutions, rather than an active attempt to influence corporate control. Such filings provide transparency on significant, but non-controlling, institutional holdings within the real estate services industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, confirming that these specific investors are not seeking to influence control of the company.
• Investment Professionals: Offers data points on institutional ownership, which can be used for market analysis and understanding the investor base of Colliers International Group Inc.

Key Dates

Keywords

Colliers International Group Inc., Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, 1832 Asset Management L.P., MD Financial Management Inc., Scotia McLeod, Jarislowsky, Fraser Limited, Common Shares, Investment Management, Financial Disclosure