CIK 1426327
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 | 27.09% | 3 |
| Oil, Gas & Consumable Fuels | 17.37% | 4 |
| Metals & Mining | 14.67% | 6 |
| Road & Rail | 9.73% | 3 |
| Real Estate Management & Development | 5.70% | 1 |
| Utilities | 3.61% | 1 |
| Diversified Telecommunication Services | 2.98% | 1 |
| Unclassified | 2.88% | 1 |
| Insurance | 2.71% | 1 |
| Machinery | 2.41% | 2 |
| Chemicals | 2.26% | 2 |
| Professional Services | 2.02% | 1 |
| Hotels, Restaurants & Leisure | 1.91% | 1 |
| Textiles, Apparel & Luxury Goods | 1.03% | 1 |
| Construction Materials | 1.03% | 1 |
| Software | 0.82% | 1 |
| Automobiles & Components | 0.75% | 1 |
| Media & Publishing | 0.62% | 1 |
| Software & IT Services | 0.41% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | RY | ROYAL BANK OF CANADA | Financials | 12.10% |
| 2 | TD | TORONTO DOMINION BANK | Financials | 9.18% |
| 3 | SU | SUNCOR ENERGY INC | Energy | 6.41% |
| 4 | B | BARRICK MINING CORP | Materials | 6.02% |
| 5 | CVE | CENOVUS ENERGY | Energy | 5.88% |
| 6 | BMO | BANK OF MONTREAL /CAN/ | Financials | 5.81% |
| 7 | BN | BROOKFIELD Corp /ON/ | Real Estate | 5.70% |
| 8 | CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | 5.43% |
| 9 | TRP | TC ENERGY CORP | Utilities | 3.61% |
| 10 | TU | TELUS | Communication Services | 2.98% |
32/33 names classified · sector 97.1% of weight · industry 97.1% · mkt cap 33.1%; 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: 97.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 2.3% of book weight (3/33 names) · unclassified 97.7%: RY, TD, SU, B, CVE, BMO, BN, CNI, TRP, TU +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 | 1,040,618 | $168M | 12.1% | ADD 2% |
| 2 | TDTORONTO DOMINION BK ONT | 1,368,213 | $128M | 9.2% | TRIM −14% |
| 3 | SUSUNCOR ENERGY INC NEW | 1,347,051 | $89M | 6.4% | TRIM −4% |
| 4 | BBARRICK MNG CORP | 2,046,425 | $84M | 6.0% | TRIM −13% |
| 5 | CVECENOVUS ENERGY INC | 3,088,546 | $82M | 5.9% | TRIM −10% |
| 6 | BMOBANK MONTREAL MEDIUM | 596,325 | $81M | 5.8% | ADD 28% |
| 7 | BNBROOKFIELD CORP | 1,956,028 | $79M | 5.7% | TRIM −4% |
| 8 | CNICANADIAN NATL RY CO | 733,191 | $75M | 5.4% | TRIM −4% |
| 9 | TRPTC ENERGY CORP | 803,654 | $50M | 3.6% | TRIM −14% |
| 10 | TUTELUS CORPORATION | 3,224,096 | $41M | 3.0% | TRIM −4% |
| 11 | RCIROGERS COMMUNICATIONS INC | 1,042,339 | $40M | 2.9% | TRIM −15% |
| 12 | FNVFRANCO NEV CORP | 160,054 | $40M | 2.9% | ADD 12% |
| 13 | MFCMANULIFE FINL CORP | 1,094,428 | $38M | 2.7% | TRIM −16% |
| 14 | CNQCANADIAN NAT RES LTD | 762,030 | $37M | 2.7% | TRIM −4% |
| 15 | AGIALAMOS GOLD INC NEW | 756,989 | $34M | 2.4% | ADD 73% |
| 16 | ENBENBRIDGE INC | 617,581 | $33M | 2.4% | TRIM −3% |
| 17 | CPCANADIAN PACIFIC KANSAS CITY | 424,696 | $33M | 2.4% | TRIM −4% |
| 18 | ATSATS CORPORATION | 1,181,937 | $33M | 2.4% | TRIM −4% |
| 19 | OROR ROYALTIES INC. | 840,453 | $32M | 2.3% | TRIM −4% |
| 20 | GIBCGI INC | 383,925 | $28M | 2.0% | TRIM −3% |
| 21 | QSRRESTAURANT BRANDS INTL INC | 359,229 | $27M | 1.9% | TRIM −4% |
| 22 | TFIITFI INTL INC | 242,180 | $26M | 1.9% | TRIM −10% |
| 23 | NTRNUTRIEN LTD | 287,859 | $22M | 1.6% | TRIM −37% |
| 24 | GILGILDAN ACTIVEWEAR INC | 258,258 | $14M | 1.0% | TRIM −4% |
| 25 | TECKTECK RESOURCES LTD | 277,200 | $14M | 1.0% | TRIM −4% |
| 26 | ASTLALGOMA STL GROUP INC | 3,207,480 | $13M | 1.0% | TRIM −4% |
| 27 | DSGXDESCARTES SYS GROUP INC | 158,694 | $11M | 0.8% | NEW |
| 28 | MGAMAGNA INTL INC | 185,467 | $10M | 0.7% | TRIM −55% |
| 29 | MEOHMETHANEX CORP | 162,425 | $10M | 0.7% | TRIM −76% |
| 30 | TRITHOMSON REUTERS CORP | 94,951 | $9M | 0.6% | NEW |
| 31 | OTEXOPEN TEXT CORP | 256,800 | $6M | 0.4% | TRIM −8% |
| 32 | AEMAGNICO EAGLE MINES LTD | 8,587 | $2M | 0.1% | TRIM −6% |
| 33 | CNHCNH INDL N V | 12,680 | $139,480 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| RYROYAL BK CDA | 1.2M | 1.3M | 1.3M | 1.3M | 1.0M | 1.0M | $168M |
| TDTORONTO DOMINION BK ONT | 2.0M | 2.1M | 2.1M | 2.0M | 1.6M | 1.4M | $128M |
| SUSUNCOR ENERGY INC NEW | 1.8M | 1.8M | 1.7M | 1.6M | 1.4M | 1.3M | $89M |
| BBARRICK MNG CORP | — | — | 3.0M | 3.0M | 2.3M | 2.0M | $84M |
| CVECENOVUS ENERGY INC | 3.8M | 3.9M | 4.0M | 3.9M | 3.4M | 3.1M | $82M |
| BMOBANK MONTREAL MEDIUM | 357K | 563K | 608K | 594K | 465K | 596K | $81M |
| BNBROOKFIELD CORP | 1.5M | 1.6M | 1.6M | 1.6M | 2.0M | 2.0M | $79M |
| CNICANADIAN NATL RY CO | 711K | 731K | 802K | 880K | 761K | 733K | $75M |
| TRPTC ENERGY CORP | 1.9M | 1.7M | 1.6M | 1.5M | 935K | 804K | $50M |
| TUTELUS CORPORATION | 3.4M | 3.5M | 3.3M | 3.2M | 3.4M | 3.2M | $41M |
| RCIROGERS COMMUNICATIONS INC | 1.4M | 1.8M | 2.0M | 2.0M | 1.2M | 1.0M | $40M |
| FNVFRANCO NEV CORP | — | — | — | 144K | 143K | 160K | $40M |
| MFCMANULIFE FINL CORP | 1.3M | 1.4M | 1.4M | 1.5M | 1.3M | 1.1M | $38M |
| CNQCANADIAN NAT RES LTD | 891K | 917K | 938K | 956K | 792K | 762K | $37M |
| AGIALAMOS GOLD INC NEW | — | — | — | — | 437K | 757K | $34M |
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.
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