Dark
Light
System
Security
ADVANTAGE OIL & GAS LTD
ADVANTAGE OIL & GAS LTD. Institutional holdings reported to the SEC.

Institutional Holders (2015Q1)
Portfolio Summary: 109 Institutional holders with a total value of $569,347,480.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 FRANKLIN RESOURCES INC 12,077,223 65,040,000 11.42%
2 MACKENZIE FINANCIAL CORP 11,715,000 63,129,000 11.09%
3 Invesco Ltd. 10,467,817 56,366,000 9.90%
4 DONALD SMITH & CO., INC. 9,754,277 52,283,000 9.18%
5 SailingStone Capital Partners LLC 8,109,390 43,668,000 7.67%
6 Burgundy Asset Management Ltd. 6,326,708 34,065,000 5.98%
7 MONTRUSCO BOLTON INVESTMENTS INC. 5,466,677 29,438,000 5.17%
8 JVL Advisors, L.L.C. 5,368,225 28,774,000 5.05%
9 I.G. INVESTMENT MANAGEMENT, LTD. 4,650,350 25,046,000 4.40%
10 Socratic Fund Management, L.P. 2,502,913 13,416,000 2.36%
11 BANK OF MONTREAL /CAN/ 2,467,715 13,227,000 2.32%
12 TD ASSET MANAGEMENT INC 2,285,932 12,310,000 2.16%
13 Connor, Clark & Lunn Investment Management Ltd. 1,834,942 9,881,000 1.74%
14 ACADIAN ASSET MANAGEMENT LLC 1,733,481 9,333,000 1.64%
15 VANGUARD GROUP INC 1,518,251 8,138,000 1.43%
16 PUBLIC SECTOR PENSION INVESTMENT BOARD 1,460,090 7,862,000 1.38%
17 AMERIPRISE FINANCIAL INC 1,459,946 7,825,000 1.37%
18 CIBC WORLD MARKET INC. 1,411,208 7,564,000 1.33%
19 NORGES BANK 1,400,365 7,541,000 1.32%
20 CANADA PENSION PLAN INVESTMENT BOARD 1,091,525 5,878,000 1.03%
21 Hillsdale Investment Management Inc. 1,039,600 5,592,000 0.98%
22 BANK OF MONTREAL /CAN/ 1,041,000 5,580,000 0.98% Call
23 Mizuho Trust & Banking Co., Ltd. 848,854 4,550,000 0.80%
24 ROYAL BANK OF CANADA 771,768 4,137,000 0.73%
25 SCOTIA CAPITAL INC. 768,182 4,125,000 0.72%
26 RUSSELL FRANK CO/ 582,992 3,130,000 0.55%
27 Alberta Investment Management Corp 442,400 3,017,000 0.53%
28 FMR LLC 520,200 2,802,000 0.49%
29 AQR CAPITAL MANAGEMENT LLC 498,300 2,683,000 0.47%
30 MORGAN STANLEY 481,192 2,580,000 0.45%
31 AGF INVESTMENTS INC. 405,392 2,179,000 0.38%
32 TWO SIGMA ADVISERS, LP 374,900 2,016,000 0.35%
33 Lombard Odier Asset Management (USA) Corp 342,896 1,843,000 0.32%
34 SIGNIA CAPITAL MANAGEMENT LLC 297,941 1,597,000 0.28%
35 CANADA LIFE ASSURANCE Co 295,458 1,586,000 0.28%
36 PineBridge Investments, L.P. 193,830 1,322,000 0.23%
37 TWO SIGMA INVESTMENTS, LP 228,419 1,229,000 0.22%
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 219,440 1,182,000 0.21%
39 K.J. Harrison & Partners Inc 216,330 1,163,000 0.20%
40 Swiss National Bank 208,200 1,116,000 0.20%
41 RAFFLES ASSOCIATES LP 200,000 1,077,000 0.19%
42 SPROTT INC. 200,000 1,072,000 0.19%
43 Creative Planning 147,490 791,000 0.14%
44 DEUTSCHE BANK AG\ 142,709 764,000 0.13%
45 Pembroke Management, LTD 103,600 706,000 0.12%
46 ROYAL BANK OF CANADA 127,300 682,000 0.12% Call
47 Cambrian Capital Limited Partnership 125,800 674,000 0.12%
48 Aperio Group, LLC 122,098 654,000 0.11% SH
49 Addenda Capital Inc. 100,420 542,000 0.10%
50 Spark Investment Management LLC 91,000 489,000 0.09%
Page 1 of 3

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.