Topicus.com Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSXV:TOI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
23 Sep 24	BuyCA$25,935	Jamal Baksh	Individual	195	CA$133.00
11 Sep 24	SellCA$5,448,153	Robert Alfred Scotchmer	Individual	40,670	CA$133.96
05 Sep 24	SellCA$1,740,436	Jeff Bender	Individual	13,320	CA$130.72
15 Aug 24	SellCA$1,719,894	Daan Dijkhuizen	Individual	14,214	CA$121.00
20 Feb 24	SellCA$124,296	Hendrikus Eijbergen	Individual	1,073	CA$115.84
16 Feb 24	BuyCA$5,001	Claire M. Kennedy	Individual	43	CA$116.31

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TOI?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,338,897	1.61%
Institutions	16,536,312	19.9%
General Public	24,598,198	29.6%
Public Companies	40,595,467	48.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 68.71% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
48.9%	Constellation Software Inc.	40,595,467	CA$4.8b	0%	no data
7.22%	Akre Capital Management, LLC	6,000,000	CA$716.7m	0%	3.47%
1.75%	Baillie Gifford & Co.	1,454,248	CA$173.7m	-3.54%	0.05%
1.68%	EdgePoint Investment Group Inc.	1,399,411	CA$167.2m	0%	0.61%
1.49%	Capital Research and Management Company	1,237,433	CA$147.8m	0%	no data
1.41%	Janus Henderson Group plc	1,170,304	CA$139.8m	-0.15%	0.04%
1.08%	Mawer Investment Management Ltd.	894,628	CA$106.9m	0%	0.17%
0.64%	BlackRock, Inc.	531,585	CA$63.5m	66.5%	no data
0.54%	Ramon Zanders	452,598	CA$54.1m	0%	no data
0.43%	FMR LLC	354,605	CA$42.4m	-0.14%	no data
0.39%	RBC Global Asset Management Inc.	326,620	CA$39.0m	0%	0.02%
0.33%	Barry Symons	274,627	CA$32.8m	-3.51%	no data
0.31%	TCW Group, Inc.	255,627	CA$30.5m	0%	0.16%
0.3%	ODIN Forvaltning AS	250,000	CA$29.9m	0%	0.24%
0.3%	Fiera Capital Corporation	245,445	CA$29.3m	0%	0.05%
0.29%	Industrielle Alliance, Gestion de placements inc.	243,953	CA$29.1m	170%	0.3%
0.26%	Daan Dijkhuizen	215,814	CA$25.8m	-6.18%	no data
0.24%	Degroof Petercam Asset Management	200,000	CA$23.9m	0%	0.07%
0.22%	Liontrust Asset Management PLC	182,616	CA$21.8m	-33.9%	0.06%
0.2%	Massachusetts Financial Services Company	162,654	CA$19.4m	0%	no data
0.16%	Jeff Bender	135,882	CA$16.2m	23.8%	no data
0.16%	QV Investors Inc.	130,316	CA$15.6m	-2.01%	0.52%
0.15%	Grandeur Peak Global Advisors, LLC	126,749	CA$15.1m	24.6%	0.25%
0.14%	ATB Investment Management Inc.	118,513	CA$14.2m	0%	0.16%
0.14%	Royal London Asset Management Ltd.	117,519	CA$14.0m	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 00:20
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Topicus.com Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Kwan	TD Cowen
David Kwan	TD Securities
David Kwan	TD Securities