CIK 1058231
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Banks | 24.59% | 9 |
| Oil, Gas & Consumable Fuels | 13.11% | 5 |
| Diversified Telecommunication Services | 8.95% | 3 |
| Unclassified | 6.18% | 6 |
| Utilities | 5.20% | 2 |
| Real Estate Management & Development | 5.01% | 4 |
| Road & Rail | 4.50% | 1 |
| Hotels, Restaurants & Leisure | 3.63% | 1 |
| Chemicals | 3.55% | 1 |
| Professional Services | 3.22% | 2 |
| Insurance | 3.22% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 2.96% | 10 |
| Automobiles & Components | 2.70% | 2 |
| Specialty Retail | 2.24% | 5 |
| Technology Hardware & Equipment | 1.95% | 2 |
| Pharmaceuticals & Biotechnology | 1.79% | 3 |
| Software | 1.41% | 2 |
| Commercial Services & Supplies | 1.15% | 2 |
| Software & IT Services | 1.02% | 1 |
| Beverages | 0.91% | 1 |
| Capital Markets | 0.83% | 2 |
| Construction & Engineering | 0.72% | 1 |
| Metals & Mining | 0.49% | 1 |
| Entertainment | 0.36% | 1 |
| Textiles, Apparel & Luxury Goods | 0.31% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | RY | ROYAL BANK OF CANADA | Financials | 7.12% |
| 2 | TD | TORONTO DOMINION BANK | Financials | 6.97% |
| 3 | TRP | TC ENERGY CORP | Utilities | 5.20% |
| 4 | BCE | BCE INC | Communication Services | 5.03% |
| 5 | PBA | PEMBINA PIPELINE CORP | Energy | 4.84% |
| 6 | CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | 4.50% |
| 7 | BNS | BANK OF NOVA SCOTIA | Financials | 4.33% |
| 8 | CNQ | CANADIAN NATURAL RESOURCES LTD | Energy | 3.68% |
| 9 | SU | SUNCOR ENERGY INC | Energy | 3.67% |
| 10 | QSR | Restaurant Brands International Inc. | Consumer Discretionary | 3.63% |
64/70 names classified · sector 93.8% of weight · industry 93.8% · mkt cap 39.4%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 93.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 25% of book weight classified — the grid is NOT representative of the whole book.
Classified: 24.5% of book weight (39/69 names) · unclassified 75.5%: RY, TD, TRP, BCE, PBA, CNI, BNS, CNQ, SU, NTR +20 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | RYROYAL BK CDA | 407,274 | $67M | 7.1% | TRIM −5% |
| 2 | TDTORONTO DOMINION BK ONT | 690,433 | $65M | 7.0% | TRIM −17% |
| 3 | TRPTC ENERGY CORP | 767,761 | $49M | 5.2% | TRIM −3% |
| 4 | BCEBCE INC | 1,843,830 | $47M | 5.0% | TRIM −2% |
| 5 | PBAPEMBINA PIPELINE CORP | 999,523 | $45M | 4.8% | ADD 12% |
| 6 | CNICANADIAN NATL RY CO | 404,264 | $42M | 4.5% | TRIM −4% |
| 7 | BNSBANK NOVA SCOTIA B C | 577,451 | $41M | 4.3% | TRIM −14% |
| 8 | CNQCANADIAN NAT RES LTD | 697,039 | $35M | 3.7% | ADD 3% |
| 9 | SUSUNCOR ENERGY INC NEW | 513,151 | $34M | 3.7% | TRIM −4% |
| 10 | QSRRESTAURANT BRANDS INTL INC | 453,400 | $34M | 3.6% | TRIM −3% |
| 11 | NTRNUTRIEN LTD | 434,978 | $33M | 3.6% | TRIM −16% |
| 12 | BNBROOKFIELD CORP | 687,609 | $28M | 3.0% | TRIM −10% |
| 13 | CMCANADIAN IMPERIAL BANK OF CO | 293,506 | $28M | 3.0% | TRIM −11% |
| 14 | TUTELUS CORPORATION | 2,103,236 | $27M | 2.9% | ADD 15% |
| 15 | GIBCGI INC | 347,026 | $26M | 2.7% | ADD 598% |
| 16 | MFCMANULIFE FINL CORP | 688,793 | $24M | 2.6% | HOLD |
| 17 | BIPBROOKFIELD INFRAST PARTNERS | 637,201 | $23M | 2.5% | HOLD |
| 18 | MGAMAGNA INTL INC | 393,015 | $22M | 2.4% | TRIM −39% |
| 19 | BEPBROOKFIELD RENEWABLE PARTNER | 572,389 | $19M | 2.0% | HOLD |
| 20 | PFEPFIZER INC | 401,310 | $11M | 1.2% | ADD 3% |
| 21 | CSCOCISCO SYS INC | 144,285 | $11M | 1.2% | ADD 2% |
| 22 | GOOGLALPHABET INC | 33,214 | $10M | 1.0% | ADD 5% |
| 23 | VZVERIZON COMMUNICATIONS INC | 186,004 | $9M | 1.0% | TRIM −23% |
| 24 | FSVFIRSTSERVICE CORP NEW | 64,666 | $9M | 1.0% | ADD 38% |
| 25 | DEODIAGEO PLC | 114,963 | $9M | 0.9% | ADD 15% |
| 26 | MSFTMICROSOFT CORP | 22,004 | $8M | 0.9% | ADD 29% |
| 27 | USBUS BANCORP | 138,634 | $7M | 0.8% | ADD 5% |
| 28 | AMTAMERICAN TOWER CORP | 41,505 | $7M | 0.8% | ADD 5% |
| 29 | TMOTHERMO FISHER SCIENTIFIC INC | 14,421 | $7M | 0.8% | ADD 28% |
| 30 | VVISA INC | 23,216 | $7M | 0.7% | NEW |
| 31 | JJACOBS SOLUTIONS INC | 53,145 | $7M | 0.7% | ADD 5% |
| 32 | BACBANK AMERICA CORP | 132,830 | $6M | 0.7% | ADD 5% |
| 33 | GRTUFGRANITE REAL ESTATE INVT TR | 104,627 | $6M | 0.7% | TRIM −7% |
| 34 | UNHUNITEDHEALTH GROUP INC | 22,555 | $6M | 0.6% | ADD 72% |
| 35 | CIGICOLLIERS INTL GROUP INC | 52,615 | $6M | 0.6% | ADD 29% |
| 36 | INGING GROEP N.V. | 218,394 | $6M | 0.6% | ADD 5% |
| 37 | EOGEOG RES INC | 38,961 | $6M | 0.6% | TRIM −4% |
| 38 | WMTWALMART INC | 43,851 | $5M | 0.6% | ADD 5% |
| 39 | JPMJPMORGAN CHASE & CO | 18,451 | $5M | 0.6% | ADD 4% |
| 40 | COSTCOSTCO WHSL CORP NEW | 5,297 | $5M | 0.6% | ADD 5% |
| 41 | SAPSAP SE | 29,833 | $5M | 0.5% | ADD 9% |
| 42 | CCITIGROUP INC | 42,269 | $5M | 0.5% | ADD 8% |
| 43 | MSMORGAN STANLEY | 28,279 | $5M | 0.5% | ADD 7% |
| 44 | GLWCORNING INC | 34,141 | $5M | 0.5% | TRIM −42% |
| 45 | RMRRMR GROUP INC | 290,000 | $4M | 0.5% | HOLD |
| 46 | HDHOME DEPOT INC | 13,223 | $4M | 0.5% | ADD 5% |
| 47 | FRTFEDERAL RLTY INVT TR NEW | 36,888 | $4M | 0.4% | TRIM −7% |
| 48 | TRNOTERRENO RLTY CORP | 63,499 | $4M | 0.4% | ADD 2% |
| 49 | EQIXEQUINIX INC | 3,971 | $4M | 0.4% | ADD 4% |
| 50 | SANOFI SA | 78,482 | $4M | 0.4% | ADD 7% |
| 51 | BGSIBOYD GROUP SERVICES INC | 29,113 | $4M | 0.4% | TRIM −9% |
| 52 | WELLWELLTOWER INC | 17,970 | $4M | 0.4% | TRIM −7% |
| 53 | TJXTJX COS INC NEW | 21,540 | $3M | 0.4% | ADD 6% |
| 54 | DISDISNEY WALT CO | 35,392 | $3M | 0.4% | TRIM −7% |
| 55 | GSKGSK PLC | 58,371 | $3M | 0.3% | TRIM −42% |
| 56 | BAMBROOKFIELD ASSET MANAGMT LTD | 70,083 | $3M | 0.3% | NEW |
| 57 | SHELSHELL PLC | 33,038 | $3M | 0.3% | TRIM −18% |
| 58 | GNTXGENTEX CORP | 139,828 | $3M | 0.3% | ADD 6% |
| 59 | RCIROGERS COMMUNICATIONS INC | 76,562 | $3M | 0.3% | TRIM −23% |
| 60 | GILGILDAN ACTIVEWEAR INC | 51,283 | $3M | 0.3% | TRIM −17% |
| 61 | TOTALENERGIES SE | 29,465 | $3M | 0.3% | ADD 7% |
| 62 | TSCOTRACTOR SUPPLY CO | 56,244 | $3M | 0.3% | ADD 8% |
| 63 | JNJJOHNSON & JOHNSON | 9,389 | $2M | 0.2% | TRIM −19% |
| 64 | AVBAVALONBAY CMNTYS INC | 11,699 | $2M | 0.2% | TRIM −20% |
| 65 | SPGSIMON PPTY GROUP INC NEW | 9,817 | $2M | 0.2% | TRIM −7% |
| 66 | AHRAMERICAN HEALTHCARE REIT INC | 35,040 | $2M | 0.2% | TRIM −7% |
| 67 | EXREXTRA SPACE STORAGE INC | 12,429 | $2M | 0.2% | TRIM −26% |
| 68 | SUISUN CMNTYS INC | 12,496 | $2M | 0.2% | TRIM −7% |
| 69 | BXPBXP INC | 12,098 | $627,000 | 0.1% | TRIM −22% |
| 70 | BEPCBROOKFIELD RENEWABLE CORP | 1,257 | $50,000 | 0.0% | TRIM −98% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| RYROYAL BK CDA | 592K | 543K | 496K | 444K | 427K | 407K | $67M |
| TDTORONTO DOMINION BK ONT | 1.2M | 1.2M | 1.0M | 907K | 829K | 690K | $65M |
| TRPTC ENERGY CORP | 1.1M | 1.0M | 888K | 826K | 794K | 768K | $49M |
| BCEBCE INC | 1.6M | 1.9M | 1.9M | 1.9M | 1.9M | 1.8M | $47M |
| PBAPEMBINA PIPELINE CORP | 772K | 759K | 860K | 928K | 894K | 1000K | $45M |
| CNICANADIAN NATL RY CO | 363K | 408K | 417K | 434K | 419K | 404K | $42M |
| BNSBANK NOVA SCOTIA B C | 790K | 782K | 765K | 698K | 671K | 577K | $41M |
| CNQCANADIAN NAT RES LTD | 108K | 113K | 748K | 700K | 674K | 697K | $35M |
| SUSUNCOR ENERGY INC NEW | 627K | 618K | 606K | 558K | 536K | 513K | $34M |
| QSRRESTAURANT BRANDS INTL INC | 242K | 255K | 463K | 484K | 467K | 453K | $34M |
| NTRNUTRIEN LTD | — | — | 592K | 541K | 519K | 435K | $33M |
| BNBROOKFIELD CORP | 811K | 627K | 591K | 529K | 763K | 688K | $28M |
| CMCANADIAN IMPERIAL BANK OF CO | 502K | 442K | 433K | 386K | 329K | 294K | $28M |
| TUTELUS CORPORATION | 2.0M | 1.9M | 1.9M | 1.7M | 1.8M | 2.1M | $27M |
| GIBCGI INC | 36K | 44K | 42K | 50K | 50K | 347K | $26M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
