CAE Amendment No.2: 13G/A shows 17.36M shares

Amendment No. 2 to a Schedule 13G/A reports beneficial ownership positions in CAE Inc. by three Canadian filers.

Rhea-AI Filing Summary

Amendment No. 2 to a Schedule 13G/A reports beneficial ownership positions in CAE Inc. by three Canadian filers. Item 4 lists 17,357,140 shares representing 5.3936% of common shares. A detailed table shows 1832 Asset Management L.P. holding 16,797,872 shares (5.2%), MD Financial Management Inc. holding 234,022 shares (0.1%), and Scotia Capital Inc. holding 325,246 shares (0.1%). Signatures are dated 05/01/2026.

Insights

Governance & Ownership Analyst

Filing discloses passive institutional holdings and voting/dispositive power details.

The amendment consolidates ownership disclosures for three Canadian investment firms. It lists precise share counts and separate voting/dispositive power entries, showing sole voting and dispositive power for the reported holdings. The Item 4 aggregate figure is 17,357,140 shares (5.3936%).

Investor attention should center on any future amendments if these holders cross regulatory thresholds; subsequent filings would state changes in percentage or voting arrangements. Timing noted in signatures: 05/01/2026.

Key Figures

Aggregate beneficially owned: 17,357,140 shares Aggregate percent of class: 5.3936% 1832 Asset Management holdings: 16,797,872 shares +4 more

7 metrics

Aggregate beneficially owned 17,357,140 shares Item 4 reported amount

Aggregate percent of class 5.3936% Item 4 percent of class

1832 Asset Management holdings 16,797,872 shares table row for 1832 Asset Management L.P.

MD Financial holdings 234,022 shares table row for MD Financial Management Inc.

Scotia Capital holdings 325,246 shares table row for Scotia Capital Inc.

CUSIP 124765108 Item 2(d) lists CUSIP for common shares

Signature date 05/01/2026 Signatures certifying the amendment

Key Terms

Schedule 13G/A, Beneficial ownership, Sole voting power, Dispositive power

4 terms

Schedule 13G/A regulatory

"Amendment No. 2 to a Schedule 13G/A reports beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Item 4 | Amount beneficially owned: 17357140"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole voting power regulatory

"Sole Voting Power 16,797,872.00 listed for 1832"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Dispositive power regulatory

"Sole Dispositive Power 16,797,872.00 listed for 1832"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does CAE's Schedule 13G/A Amendment No.2 disclose?

It discloses institutional holdings: 17,357,140 shares (5.3936%) reported in Item 4, with detailed per-entity counts for 1832, MD Financial, and Scotia McLeod. The filing documents voting and dispositive power and is signed on 05/01/2026.

How many shares does 1832 Asset Management report for CAE?

The table shows 16,797,872 shares attributed to 1832 Asset Management L.P., listed with sole voting and dispositive power and shown as 5.2% in the table rows of the amendment.

Does the filing show combined holdings for the filers in CAE?

Item 4 presents an amount of 17,357,140 shares representing 5.3936% of the class; the filing also lists individual holdings for the three filers in the table section for clarity and attribution.

Who signed the Schedule 13G/A amendment for these holdings?

The amendment is signed by Kevin Brown, Vice President, Asset Management Compliance, with signature dates shown as 05/01/2026 for the listed filers, certifying regulatory comparability statements.

What CUSIP and class are reported in the filing for CAE?

The filing lists the security as common shares with CUSIP 124765108, and identifies the issuer's principal executive office in St-Laurent, Quebec, Canada.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 03:55 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

CAE INC

(Name of Issuer)

common shares

(Title of Class of Securities)

124765108

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 124765108

1

Names of Reporting Persons

1832 Asset Management L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 16,797,872.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,797,872.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,797,872.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP Number(s): 124765108

1

Names of Reporting Persons

MD Financial Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 234,022.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 234,022.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

234,022.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP Number(s): 124765108

1

Names of Reporting Persons

SCOTIA CAPITAL INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 325,246.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 325,246.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

325,246.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CAE INC
(b)	Address of issuer's principal executive offices: 8585 COTE DE LIESSE, ST-LAURENT, QUEBEC, CANADA, H4T 1G6.
Item 2.
(a)	Name of person filing: 1832 Asset Management L.P. MD Financial Management Inc. Scotia McLeod, a division of Scotia Capital Inc.
(b)	Address or principal business office or, if none, residence: Scotiabank North, 40 Temperance Street, 16th Floor, Toronto, Ontario, M5H 0B4 Canada 1870 Alta Vista Drive, Ottawa, Ontario, K1G 6R7, Canada 40 King St. West, Scotia Plaza, 52nd Floor, Toronto, Ontario, M5W 2X6, Canada
(c)	Citizenship: Canadian Canadian Canadian
(d)	Title of class of securities: common shares
(e)	CUSIP No.: 124765108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	investment adviser and broker dealer
Item 4.	Ownership
(a)	Amount beneficially owned: 17357140
(b)	Percent of class: 5.3936 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 17357140
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 17357140
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

1832 Asset Management L.P.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance
Date:	05/01/2026

MD Financial Management Inc.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance
Date:	05/01/2026

SCOTIA CAPITAL INC.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance
Date:	05/01/2026