OR ROYALTIES INC.

Ticker: OR CUSIP: 68390D106 Class: COM SHS

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
EdgePoint Investment Group Inc.21,542,629$763,123
VAN ECK ASSOCIATES CORP12,265,520$434
PRICE T ROWE ASSOCIATES INC /MD/10,925,630$387
VANGUARD GROUP INC7,847,015$277,965
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.7,319,831$259,632
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP4,834,084$171,184
FMR LLC4,753,604$168,387
MACKENZIE FINANCIAL CORP3,296,330$118,340
PICTON MAHONEY ASSET MANAGEMENT3,160,518$112,114
Elliott Investment Management L.P.3,111,000$110,098
Toroso Investments, LLC2,944,154$104,194
ROYAL BANK OF CANADA2,565,250$90,784
NORGES BANK2,501,068$88,597
SPROTT INC.2,394,407$84,809
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC2,383,537$84,543
Connor, Clark & Lunn Investment Management Ltd.2,087,438$73,933
HORIZON KINETICS ASSET MANAGEMENT LLC1,815,024$64,234
BANK OF MONTREAL /CAN/1,544,561$54,714
Invesco Ltd.1,441,014$50,997
CITADEL ADVISORS LLC1,416,814$50,141
TWO SIGMA INVESTMENTS, LP1,339,924$47,420
PRINCIPAL FINANCIAL GROUP INC1,327,678$47,062
MORGAN STANLEY1,175,913$41,616
TWO SIGMA ADVISERS, LP1,173,769$41,540
Amundi1,061,869$37,580
Euro Pacific Asset Management, LLC1,028,079$36
MASSACHUSETTS FINANCIAL SERVICES CO /MA/992,679$35,131
Qube Research & Technologies Ltd951,206$33,663
TD Asset Management Inc889,926$31,551
Scheer, Rowlett & Associates Investment Management Ltd.877,209$31,074
BANK OF AMERICA CORP /DE/733,600$25,962
GOLDMAN SACHS GROUP INC712,708$25,223
Verbena Value LP698,900$24,734
MILLENNIUM MANAGEMENT LLC650,649$23,028
MANUFACTURERS LIFE INSURANCE COMPANY, THE612,181$21,728
T. Rowe Price Investment Management, Inc.609,270$22
DIMENSIONAL FUND ADVISORS LP535,918$18,966
Man Group plc491,484$17,394
Verition Fund Management LLC484,933$17,162
CHARLES SCHWAB INVESTMENT MANAGEMENT INC435,397$15,443
RENAISSANCE TECHNOLOGIES LLC420,602$14,885
CWA Asset Management Group, LLC408,918$14,472
Federation des caisses Desjardins du Quebec406,221$14,363
Manning & Napier Advisors LLC389,844$13,815
Swiss National Bank372,630$13,227
CIBC WORLD MARKET INC.360,911$12,787
Fiera Capital Corp349,922$12,399
UBS Group AG346,499$12,263
U S GLOBAL INVESTORS INC343,245$12,147
Nuveen, LLC339,174$12,030
Allspring Global Investments Holdings, LLC283,500$10,043
JANE STREET GROUP, LLC282,744$10,006
Lane Generational LLC258,272$9,140
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.248,000$8,777
Cannell & Spears LLC243,713$8,625
CIBC Asset Management Inc243,542$8,632
GLOBAL STRATEGIC MANAGEMENT INC225,992$8
TD Waterhouse Canada Inc.222,958$7,879
AMERICAN CENTURY COMPANIES INC219,686$7,775
LOUISBOURG INVESTMENTS INC.219,271$7,778
NATIONAL BANK OF CANADA /FI/209,519$7,272
Yaupon Capital Management LP205,228$7,270
State of Tennessee, Department of Treasury199,060$7,892
Clearbridge Investments, LLC199,039$7,044
Extract Advisors LLC195,657$6,929
Russell Investments Group, Ltd.187,551$6,648
Legal & General Group Plc185,905$6,594
GABELLI FUNDS LLC184,319$6,523
TORONTO DOMINION BANK179,203$6,348
BARD ASSOCIATES INC165,965$5,874
Twin Tree Management, LP147,093$5,206
JPMORGAN CHASE & CO142,261$5,035
Schonfeld Strategic Advisors LLC138,702$4,909
RAYMOND JAMES FINANCIAL INC138,437$4,899
SCOTIA CAPITAL INC.137,685$4,865
HRT FINANCIAL LP133,496$5
GEODE CAPITAL MANAGEMENT, LLC130,575$4,723
EDMOND DE ROTHSCHILD HOLDING S.A.129,514$4,599
GUGGENHEIM CAPITAL LLC128,391$4,544
RICE HALL JAMES & ASSOCIATES, LLC115,728$4,096
Cambridge Investment Research Advisors, Inc.110,703$4
Polar Asset Management Partners Inc.110,000$3,898
C WorldWide Group Holding A/S104,974$4
PRUDENTIAL FINANCIAL INC103,300$3,664
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp99,971$3,541
BARCLAYS PLC96,706$3,422
ALPS ADVISORS INC90,643$3,208
Groupe la Francaise90,000$3,187
HighTower Advisors, LLC84,597$2,994
Jump Financial, LLC80,771$2,858
McAlvany Wealth Management LLC77,536$2,744
Trexquant Investment LP76,877$2,721
CANADA PENSION PLAN INVESTMENT BOARD72,100$2,554
Genus Capital Management Inc.71,330$2,530
Public Sector Pension Investment Board70,925$2,512
Parvin Asset Management, LLC68,750$2,433
PKO Investment Management Joint-Stock Co64,800$2,300
NEUBERGER BERMAN GROUP LLC63,942$2,268
Y-Intercept (Hong Kong) Ltd63,916$2,262
Boston Partners63,524$3,089
119 other institutions1,904,599$64,444
Total (219 institutions)129,941,656$3,703,905