CIK 1570253
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 |
|---|---|---|
| Oil, Gas & Consumable Fuels | 19.33% | 9 |
| Road & Rail | 16.38% | 5 |
| Banks | 9.46% | 5 |
| Utilities | 7.21% | 3 |
| Unclassified | 6.12% | 4 |
| Professional Services | 5.20% | 2 |
| Metals & Mining | 4.43% | 1 |
| Insurance | 4.01% | 3 |
| Automobiles & Components | 3.87% | 3 |
| Specialty Retail | 3.50% | 5 |
| Commercial Services & Supplies | 2.87% | 2 |
| Pharmaceuticals & Biotechnology | 2.64% | 3 |
| Real Estate Management & Development | 2.24% | 1 |
| Hotels, Restaurants & Leisure | 2.00% | 2 |
| Beverages | 1.81% | 1 |
| Health Care Equipment & Supplies | 1.62% | 3 |
| Chemicals | 1.57% | 2 |
| Paper & Forest Products | 1.24% | 1 |
| Coal & Consumable Fuels | 0.90% | 1 |
| Machinery | 0.87% | 3 |
| Software & IT Services | 0.77% | 1 |
| Media & Entertainment | 0.71% | 1 |
| Life Sciences Tools & Services | 0.52% | 1 |
| Semiconductors & Semiconductor Equipment | 0.31% | 1 |
| Entertainment | 0.21% | 1 |
| Distributors | 0.20% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SUNC | SunocoCorp LLC | Energy | 5.84% |
| 2 | RY | ROYAL BANK OF CANADA | Financials | 5.38% |
| 3 | CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | 5.12% |
| 4 | CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | 4.53% |
| 5 | FNV | FRANCO NEVADA CORP | Materials | 4.43% |
| 6 | GIB | CGI INC CLASS A | Industrials | 4.08% |
| 7 | FTS | FORTIS INC | Utilities | 3.84% |
| 8 | TFII | TFI INTERNATIONAL INC | Industrials | 3.52% |
| 9 | TD | TORONTO DOMINION BANK | Financials | 3.48% |
| 10 | EMA | EMERA INC | Utilities | 3.27% |
63/65 names classified · sector 94.8% of weight · industry 93.9% · mkt cap 52.2%; 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: 94.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 30% of book weight classified — the grid is NOT representative of the whole book.
Classified: 29.7% of book weight (38/65 names) · unclassified 70.3%: SUNC, RY, CNI, CP, FNV, GIB, FTS, TFII, TD, EMA +17 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 | SUNCSUNOCOCORP LLC | 1,171,414 | $72M | 5.8% | HOLD |
| 2 | RYROYAL BK CDA | 412,370 | $66M | 5.4% | TRIM −2% |
| 3 | CNICANADIAN NATL RY CO | 616,110 | $63M | 5.1% | TRIM −2% |
| 4 | CPCANADIAN PACIFIC KANSAS CITY | 712,976 | $56M | 4.5% | TRIM −2% |
| 5 | FNVFRANCO NEV CORP | 221,912 | $55M | 4.4% | TRIM −2% |
| 6 | GIBCGI INC | 692,642 | $50M | 4.1% | TRIM −2% |
| 7 | FTSFORTIS INC | 853,037 | $47M | 3.8% | TRIM −5% |
| 8 | TFIITFI INTL INC | 401,295 | $44M | 3.5% | TRIM −2% |
| 9 | TDTORONTO DOMINION BK ONT | 461,384 | $43M | 3.5% | TRIM −2% |
| 10 | EMAEMERA INC | 782,886 | $40M | 3.3% | TRIM −2% |
| 11 | ENBENBRIDGE INC | 730,325 | $39M | 3.2% | TRIM −33% |
| 12 | MGAMAGNA INTL INC | 586,191 | $33M | 2.6% | TRIM −2% |
| 13 | RCIROGERS COMMUNICATIONS INC | 850,843 | $33M | 2.6% | TRIM −2% |
| 14 | SLFSUN LIFE FINANCIAL INC. | 516,510 | $32M | 2.6% | TRIM −35% |
| 15 | DOOBRP INC | 438,538 | $31M | 2.5% | TRIM −2% |
| 16 | RBARB GLOBAL INC | 307,092 | $29M | 2.4% | TRIM −2% |
| 17 | BNBROOKFIELD CORP | 684,089 | $28M | 2.2% | ADD 61% |
| 18 | CNQCANADIAN NAT RES LTD | 564,807 | $27M | 2.2% | TRIM −2% |
| 19 | IMOIMPERIAL OIL LTD | 199,426 | $26M | 2.1% | TRIM −2% |
| 20 | EOGEOG RES INC | 167,245 | $24M | 2.0% | ADD 133% |
| 21 | ODFLOLD DOMINION FREIGHT LINE IN | 123,410 | $24M | 2.0% | HOLD |
| 22 | PEPPEPSICO INC | 143,675 | $22M | 1.8% | TRIM −5% |
| 23 | CVXCHEVRON CORP NEW | 91,937 | $19M | 1.5% | ADD 298% |
| 24 | DGDOLLAR GEN CORP | 132,630 | $16M | 1.3% | TRIM −6% |
| 25 | UNPUNION PAC CORP | 64,521 | $16M | 1.3% | TRIM −6% |
| 26 | MRKMERCK & CO INC | 128,937 | $16M | 1.3% | TRIM −6% |
| 27 | WFGWEST FRASER TIMBER CO LTD | 236,042 | $15M | 1.2% | NEW |
| 28 | XOMEXXON MOBIL CORP | 89,721 | $15M | 1.2% | ADD 154% |
| 29 | SBUXSTARBUCKS CORP | 165,020 | $15M | 1.2% | TRIM −6% |
| 30 | SOLVSOLVENTUM CORP | 224,672 | $15M | 1.2% | TRIM −6% |
| 31 | STNSTANTEC INC | 160,335 | $14M | 1.1% | NEW |
| 32 | HALHALLIBURTON CO | 348,320 | $14M | 1.1% | ADD 208% |
| 33 | AMZNAMAZON COM INC | 63,700 | $13M | 1.1% | HOLD |
| 34 | ULUNILEVER PLC | 211,883 | $12M | 1.0% | TRIM −5% |
| 35 | HCCWARRIOR MET COAL INC | 119,975 | $11M | 0.9% | TRIM −23% |
| 36 | NVONOVO-NORDISK A S | 287,598 | $11M | 0.9% | ADD 38% |
| 37 | CNCCENTENE CORP DEL | 316,132 | $10M | 0.8% | TRIM −33% |
| 38 | DRIDARDEN RESTAURANTS INC | 50,832 | $10M | 0.8% | TRIM −6% |
| 39 | GOOGLALPHABET INC | 33,300 | $10M | 0.8% | TRIM −30% |
| 40 | THOTHOR INDS INC | 110,406 | $9M | 0.7% | HOLD |
| 41 | NFLXNETFLIX INC | 90,890 | $9M | 0.7% | NEW |
| 42 | ELLAUDER ESTEE COS INC | 102,120 | $7M | 0.6% | TRIM −6% |
| 43 | AZOAUTOZONE INC | 2,162 | $7M | 0.6% | TRIM −3% |
| 44 | UNHUNITEDHEALTH GROUP INC | 25,554 | $7M | 0.6% | TRIM −47% |
| 45 | OZKBANK OZK LITTLE ROCK ARK | 145,370 | $7M | 0.5% | TRIM −9% |
| 46 | JNJJOHNSON & JOHNSON | 26,730 | $7M | 0.5% | TRIM −68% |
| 47 | NRCNATIONAL RESH CORP | 381,310 | $6M | 0.5% | HOLD |
| 48 | PCARPACCAR INC | 55,050 | $6M | 0.5% | HOLD |
| 49 | BABAALIBABA GROUP HLDG LTD | 48,347 | $6M | 0.5% | TRIM −2% |
| 50 | CMICUMMINS INC | 9,185 | $5M | 0.4% | TRIM −31% |
| 51 | BRK.BBERKSHIRE HATHAWAY INC DEL | 10,251 | $5M | 0.4% | TRIM −2% |
| 52 | ROSTROSS STORES INC | 18,470 | $4M | 0.3% | HOLD |
| 53 | AMATAPPLIED MATLS INC | 11,030 | $4M | 0.3% | TRIM −68% |
| 54 | JPMJPMORGAN CHASE & CO | 12,645 | $4M | 0.3% | HOLD |
| 55 | MMM3M CO | 24,500 | $4M | 0.3% | TRIM −2% |
| 56 | LIILENNOX INTL INC | 7,614 | $4M | 0.3% | TRIM −2% |
| 57 | HDHOME DEPOT INC | 8,867 | $3M | 0.2% | TRIM −2% |
| 58 | AXPAMERICAN EXPRESS CO | 9,510 | $3M | 0.2% | TRIM −2% |
| 59 | DISDISNEY WALT CO | 27,200 | $3M | 0.2% | TRIM −2% |
| 60 | MCKMCKESSON CORP | 2,919 | $3M | 0.2% | TRIM −2% |
| 61 | XPELXPEL INC | 51,650 | $2M | 0.2% | HOLD |
| 62 | HAEHAEMONETICS CORP | 30,720 | $2M | 0.1% | ADD 40% |
| 63 | VNOMVIPER ENERGY INC | 35,215 | $2M | 0.1% | ADD 22% |
| 64 | OGSONE GAS INC | 14,030 | $1M | 0.1% | HOLD |
| 65 | BACBANK AMERICA CORP | 18,800 | $917,000 | 0.1% | TRIM −2% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SUNCSUNOCOCORP LLC | — | — | — | — | 1.2M | 1.2M | $72M |
| RYROYAL BK CDA | — | 454K | 458K | 453K | 421K | 412K | $66M |
| CNICANADIAN NATL RY CO | 440K | 506K | 591K | 586K | 629K | 616K | $63M |
| CPCANADIAN PACIFIC KANSAS CITY | 346K | 443K | 554K | — | 728K | 713K | $56M |
| FNVFRANCO NEV CORP | 249K | 245K | 246K | 244K | 227K | 222K | $55M |
| GIBCGI INC | 538K | 605K | 683K | 762K | 707K | 693K | $50M |
| FTSFORTIS INC | 1.1M | 1.1M | 1.1M | 970K | 900K | 853K | $47M |
| TFIITFI INTL INC | 218K | 350K | 353K | 441K | 410K | 401K | $44M |
| TDTORONTO DOMINION BK ONT | 576K | 566K | — | 508K | 471K | 461K | $43M |
| EMAEMERA INC | — | — | 959K | 862K | 799K | 783K | $40M |
| ENBENBRIDGE INC | 1.6M | 1.5M | — | 1.2M | 1.1M | 730K | $39M |
| MGAMAGNA INTL INC | 659K | 647K | 651K | 645K | 599K | 586K | $33M |
| RCIROGERS COMMUNICATIONS INC | 412K | — | 589K | 936K | 869K | 851K | $33M |
| SLFSUN LIFE FINANCIAL INC. | 1.4M | 1.3M | 1.2M | 1.0M | 799K | 517K | $32M |
| DOOBRP INC | 438K | 430K | — | 483K | 448K | 439K | $31M |
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.
