1832 Asset reports 4.92% Colliers stake

Accepted by SEC EDGAR 02/11/2026 - 02:59 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Colliers International Group Inc. (CIGI) has a Schedule 13G/A filing showing that Canadian institutions led by 1832 Asset Management L.P., MD Financial Management Inc., and Scotia McLeod beneficially own 2,441,594 common shares, representing 4.92% of the class.

The reporting persons have sole voting and dispositive power over these shares and report that the securities were acquired and are held in the ordinary course of business, not to change or influence control of Colliers.

FAQ

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

What stake in Colliers International Group Inc. (CIGI) is reported in this Schedule 13G/A?

The filing reports beneficial ownership of 2,441,594 Colliers common shares, representing 4.92% of the outstanding class. This aggregate amount reflects holdings across 1832 Asset Management L.P., MD Financial Management Inc., and Scotia McLeod, all with sole voting and dispositive power over their respective shares.

Who are the reporting persons in the Colliers (CIGI) Schedule 13G/A filing?

The reporting persons are 1832 Asset Management L.P., MD Financial Management Inc., and Scotia McLeod, a division of Scotia Capital Inc. All are Canadian institutions and collectively report beneficial ownership of 2,441,594 Colliers common shares, equal to 4.92% of the company’s common share class.

Is the Colliers (CIGI) 4.92% ownership held to influence control of the company?

No. The reporting persons certify the Colliers shares were acquired and are held in the ordinary course of business. They state the holdings are not for the purpose of changing or influencing control of Colliers and are not part of any control-related transaction.

How much of Colliers (CIGI) stock does 1832 Asset Management L.P. hold individually?

1832 Asset Management L.P. reports beneficial ownership of 2,387,738 Colliers common shares. It has sole voting and sole dispositive power over this entire amount, which forms the vast majority of the total 2,441,594 shares reported across all three Canadian reporting entities.

What are the individual holdings of MD Financial and Scotia McLeod in Colliers (CIGI)?

MD Financial Management Inc. reports 32,536 Colliers common shares, while Scotia McLeod, a division of Scotia Capital Inc., reports 21,320 shares. Each entity has sole voting and sole dispositive power over its reported shares, contributing to the combined 4.92% stake disclosed.

Under which SEC rule is this Colliers (CIGI) Schedule 13G/A filed and how are the filers classified?

The statement is filed under Rule 13d-1, with the filers classified as an investment adviser and broker-dealer. They also certify that their foreign regulatory regime for investment fund manager and portfolio manager roles is substantially comparable to the U.S. regime for similar institutions.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Colliers International Group Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

194693107

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 194693107

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 2,387,738.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,387,738.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,387,738.00

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)

4.8 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 194693107

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 32,536.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 32,536.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

32,536.00

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 No. 194693107

1

Names of Reporting Persons

Scotia McLeod, a division of 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 21,320.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,320.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,320.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Colliers International Group Inc.
(b)	Address of issuer's principal executive offices: 1140 BAY STREET, 1140 BAY STREET, TORONTO, ONTARIO, CANADA, M5S 2B4.
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.: 194693107
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: 2,441,594
(b)	Percent of class: 4.92%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,441,594
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,441,594
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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, Bank of Nova Scotia
Date:	02/11/2026

MD Financial Management Inc.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	02/11/2026

Scotia McLeod, a division of Scotia Capital Inc.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	02/11/2026