Gold Royalty Corp. (GROY)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Bank Of Montreal N	3,591,397	$4,345,590	0%
2.	Two Sigma Investments, Lp	723,854	$875,863	0%
3.	Peregrine Asset Advisers, Inc.	36,361	$563,596	0.2%
4.	Zazove Associates Llc	441,000	$533,610	0.05%
5.	Morgan Stanley	297,496	$359,970	0%