Schedule 13G/A: Cooke & Bieler Holds 6.31M Gildan (GIL) Shares

Rhea-AI Filing Summary

Cooke & Bieler L.P. reports beneficial ownership of 6,311,167 shares of Gildan Activewear common stock, representing 4.17% of the class. The filing shows no sole voting or dispositive power; instead the reporting person has shared voting power of 4,615,576 shares and shared dispositive power over 6,311,167 shares. The statement includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing is signed by Linda N. Perna, Chief Compliance Officer of Cooke & Bieler L.P.

Positive

• Transparent disclosure of beneficial ownership: 6,311,167 shares representing 4.17% of the class.
• Certification provided that the holdings are held in the ordinary course of business and not to influence control.

Negative

• None.

Insights

Financial Analyst

TL;DR: Cooke & Bieler reports a 4.17% beneficial stake (6.31M shares) with shared voting/dispositive power; appears passive, limited governance impact.

The Schedule 13G/A discloses a beneficial position of 6,311,167 shares, equal to 4.17% of the class. Voting authority is held on a shared basis for 4,615,576 shares and dispositive authority is shared over the full 6,311,167 shares. The filing includes an explicit certification that the holdings are in the ordinary course of business and not intended to influence control, which supports classification of the position as non-control and largely passive from an investment-impact perspective.

Corporate Governance Expert

TL;DR: Disclosure shows shared control features but an explicit certification that holdings are not for control suggests limited governance influence.

From a governance standpoint, the report shows shared voting power rather than sole control. The filing's certification that the securities were not acquired to change or influence control is material for governance assessment: it signals the reporting person asserts a passive posture. While shared voting power exists for 4,615,576 shares, nothing in this filing asserts any intent to exercise control, so immediate board or governance implications appear limited based on the disclosed facts.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Gildan Activewear Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

375916103

(CUSIP Number)

06/30/2025

(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. 375916103

1

Names of Reporting Persons

Cooke & Bieler 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

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,615,576.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,311,167.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,311,167.00

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)

4.17 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Gildan Activewear Inc.
(b)	Address of issuer's principal executive offices: 600 de Maisonneuve Boulevard West, Montreal, Quebec, Canada H3A 3J2
Item 2.
(a)	Name of person filing: Cooke & Bieler L.P.
(b)	Address or principal business office or, if none, residence: Two Commerce Square 2001 Market Street, Suite 4000 Philadelphia, PA 19103
(c)	Citizenship: Pennsylvania
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 375916103
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).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,311,167
(b)	Percent of class: 4.17%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4,615,576
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 6,311,167
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.

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.

Cooke & Bieler L.P.

Signature:	Linda N. Perna
Name/Title:	Chief Compliance Officer
Date:	08/12/2025

FAQ

Who filed the Schedule 13G/A for Gildan Activewear (GIL)?

Cooke & Bieler L.P. is the reporting person listed in the filing.

How many Gildan (GIL) shares does Cooke & Bieler beneficially own?

6,311,167 shares are reported as beneficially owned.

What percentage of Gildan common stock does that represent?

The filing states this equals 4.17% of the class.

What voting and dispositive powers are reported?

The filer reports 0 shares with sole voting power, 4,615,576 shares with shared voting power, 0 shares with sole dispositive power, and 6,311,167 shares with shared dispositive power.

Is the position intended to influence control of Gildan?

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Who signed the filing on behalf of Cooke & Bieler?

The filing is signed by Linda N. Perna, Chief Compliance Officer of Cooke & Bieler L.P.