1832 Asset Management L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), 1832 Asset Management L.P. reported 645 stock positions worth $56.0 billion. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Royal Bank of Canada (RY, 3.6%) and Amazon.com (AMZN, 2.7%). Compared with Q3 2024, it opened 63 new positions, sold out of 82, added to 219 and reduced 328. The biggest buy was Microsoft (MSFT, shares +11%) and the biggest sale Toronto-Dominion Bank (TD, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0000944388
- Portfolio Value
- $56.0B (Q4 2024)
- SEC Filing
- 0001062993-25-002504 ↗ filed Feb 14, 2025
Holdings Value
Holdings 645 stocks · $56.0B
| MSFT Microsoft Corp. | 4.04% | 5,368,363 | $2.3B | Add +10.9% |
| RY Royal Bank of Canada | 3.64% | 16,899,730 | $2.0B | Reduce -7.4% |
| AMZN Amazon.com Inc. | 2.71% | 6,921,446 | $1.5B | Reduce -4.9% |
| ENB Enbridge Inc. | 2.54% | 33,543,879 | $1.4B | Reduce -8.5% |
| BN Brookfield Corp. | 2.28% | 22,196,935 | $1.3B | Reduce -4.0% |
| TD Toronto-Dominion Bank | 2.17% | 22,799,327 | $1.2B | Reduce -15.8% |
| V Visa Inc. Class A | 2.12% | 3,763,163 | $1.2B | Add +3.8% |
| AAPL Apple Inc. | 2.12% | 4,745,240 | $1.2B | Add +4.5% |
| NVDA Nvidia Corp. | 1.96% | 8,185,575 | $1.1B | Add +10.2% |
| CP Canadian Pacific Kansas City | 1.94% | 14,992,257 | $1.1B | Add +3.7% |
| CNI Canadian Natl Railway Co. | 1.92% | 10,607,365 | $1.1B | Add +3.4% |
| CNQ Canadian Natural Resources | 1.72% | 31,219,278 | $963.7M | Reduce -7.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.67% | 17,354,714 | $932.3M | Add +6.1% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.28% | 7,392,006 | $717.4M | Reduce -2.3% |
| SU Suncor Energy Inc. | 1.28% | 20,042,564 | $715.1M | Reduce -9.2% |
| MFC Manulife Financial Corp. | 1.25% | 22,764,839 | $699.1M | Reduce -6.3% |
| TRP TC Energy Corp. | 1.19% | 14,373,625 | $668.8M | Reduce -8.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.17% | 5,411,870 | $653.8M | Reduce -6.8% |
| WCN Waste Connections Inc. | 1.15% | 3,762,404 | $645.6M | Reduce -1.7% |
| UNH Unitedhealth Group Inc. | 1.12% | 1,235,937 | $625.2M | Reduce -22.5% |
| GOOGL Alphabet Inc. Class A | 1.11% | 3,275,264 | $620.0M | Add +45.3% |
| JPM JPMorgan Chase & Co. | 1.01% | 2,366,981 | $567.4M | Add +1.8% |
| SLF Sun Life Financial Inc. | 1.01% | 9,491,515 | $563.2M | Reduce -4.5% |
| TU Telus Corp. | 0.99% | 41,038,848 | $556.5M | Add +3.9% |
| ORCL Oracle Corp. | 0.99% | 3,309,534 | $551.5M | Reduce -14.2% |
| BIP Brookfield Infrastructure Pa | 0.93% | 16,432,967 | $522.4M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 0.91% | 872,980 | $511.1M | Add +2.7% |
| COST Costco Wholesale Corp. | 0.91% | 555,784 | $509.2M | Reduce -7.6% |
| NTR Nutrien Ltd. | 0.85% | 10,619,367 | $475.2M | Add +5.8% |
| SHW The Sherwin-Williams Co. | 0.81% | 1,332,865 | $453.1M | Reduce -11.7% |
| CRM Salesforce Inc. | 0.79% | 1,314,243 | $439.4M | Add +41.8% |
| QSR Restaurant Brands Intern | 0.78% | 6,670,524 | $434.8M | Reduce -2.6% |
| NOW ServiceNow Inc. | 0.75% | 397,869 | $421.8M | Reduce -11.6% |
| RCI Rogers Communications Inc. Class B | 0.75% | 13,589,626 | $417.6M | Reduce -0.4% |
| MCD McDonald's Corp. | 0.72% | 1,392,398 | $403.6M | Reduce -12.0% |
| AVGO Broadcom Inc. | 0.72% | 1,735,958 | $402.5M | Reduce -35.0% |
| EXE Expand Energy Corp. | 0.71% | 4,014,141 | $399.6M | Add +0.2% |
| HON Honeywell International Inc. | 0.71% | 1,752,707 | $395.9M | Reduce -23.6% |
| FTS Fortis Inc. | 0.66% | 8,845,161 | $367.7M | Reduce -2.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.66% | 1,856,864 | $366.7M | Add +42.7% |
| NEE Nextera Energy Inc. | 0.65% | 5,084,388 | $364.5M | Reduce -6.6% |
| BKNG Booking Holdings Inc. | 0.63% | 71,057 | $353.0M | Add +48.4% |
| NET Cloudflare Inc. Class A | 0.61% | 3,149,400 | $339.1M | Add +23.7% |
| WMT Walmart Inc. | 0.60% | 3,747,964 | $338.6M | Reduce -4.7% |
| ELV Elevance Health Inc. | 0.54% | 821,575 | $303.1M | Add +19.4% |
| ROST Ross Stores Inc. | 0.51% | 1,898,988 | $287.3M | Add +14.1% |
| HD Home Depot Inc. | 0.51% | 735,699 | $286.2M | Add +1.6% |
| PFE Pfizer Inc. | 0.51% | 10,769,580 | $285.7M | Add +101.0% |
| ALAB Astera Labs Inc. | 0.51% | 2,141,200 | $283.6M | New |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 543,563 | $282.8M | Add +6.4% |
| GOOG Alphabet Inc. Class C | 0.50% | 1,483,496 | $282.5M | Add +4.8% |
| MDT Medtronic PLC | 0.48% | 3,364,140 | $268.7M | Add +8.6% |
| TSLA Tesla Inc. | 0.48% | 664,946 | $268.5M | Add +7394.9% |
| APO Apollo Global Management Inc. | 0.48% | 1,613,738 | $266.5M | Add +167.0% |
| TRI Thomson Reuters Corp. | 0.47% | 1,647,894 | $264.3M | Reduce -5.0% |
| ACN Accenture PLC Class A | 0.47% | 742,498 | $261.2M | Reduce -0.9% |
| APP AppLovin Corp. Class A | 0.46% | 794,136 | $257.2M | Reduce -57.7% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.46% | 2,167,109 | $254.7M | Reduce -11.9% |
| DASH DoorDash Inc. Class A | 0.45% | 1,491,455 | $250.2M | Add +11.9% |
| MA Mastercard Inc. Class A | 0.44% | 471,417 | $248.2M | Reduce -3.4% |
| CAVA Cava Group Inc. | 0.44% | 2,178,478 | $245.7M | Add +42.0% |
| GEV GE Vernova Inc. | 0.44% | 743,550 | $244.6M | Add +1177.5% |
| KO The Coca-Cola Co. | 0.44% | 3,918,443 | $244.0M | Add +0.3% |
| GRTUF Granite Real Estate Investme | 0.44% | 5,021,098 | $243.7M | Add +8.0% |
| IOT Samsara Inc. Class A | 0.43% | 5,551,600 | $242.5M | Reduce -18.9% |
| ISRG Intuitive Surgical Inc. | 0.40% | 424,216 | $221.4M | Add +37.1% |
| ANET Arista Networks Inc. | 0.38% | 1,900,201 | $210.0M | Reduce -26.7% |
| KKR KKR & Co. Inc. | 0.37% | 1,417,596 | $209.7M | Reduce -11.3% |
| PLD Prologis Inc. | 0.37% | 1,982,386 | $209.5M | Add +12.6% |
| WFC Wells Fargo & Co. | 0.37% | 2,930,734 | $205.9M | Add +98.2% |
| SHOP Shopify Inc. Class A | 0.37% | 1,924,519 | $204.6M | Reduce -16.7% |
| AVTR Avantor Inc. | 0.36% | 9,548,711 | $201.2M | Add +5.5% |
| BEP Brookfield Renewable Partner | 0.36% | 8,774,001 | $200.0M | Reduce -12.5% |
| MDLZ Mondelez International Inc. Class A | 0.36% | 3,339,787 | $199.5M | Add +1.0% |
| AXP American Express Co. | 0.35% | 666,957 | $197.9M | Add +22.3% |
| NFLX Netflix Inc. | 0.35% | 219,676 | $195.8M | Add +5.7% |
| MRVL Marvell Technology Inc. | 0.34% | 1,734,935 | $191.6M | New |
| GS Goldman Sachs Group Inc. | 0.34% | 329,654 | $188.8M | Add +6.4% |
| TTWO Take-Two Interactive Softwre | 0.34% | 1,022,337 | $188.2M | Reduce -46.5% |
| JNJ Johnson & Johnson | 0.33% | 1,270,550 | $183.7M | Reduce -1.7% |
| SYK Stryker Corp. | 0.33% | 509,278 | $183.4M | Reduce -29.0% |
| ESLT Elbit Systems Ltd. | 0.32% | 700,100 | $180.7M | Add +25.6% |
| CME Cme Group Inc. | 0.32% | 765,843 | $177.9M | Reduce -6.6% |
| WMB Williams Cos Inc. | 0.32% | 3,280,915 | $177.6M | Reduce -1.5% |
| LLY Eli Lilly & Co. | 0.32% | 229,870 | $177.5M | Reduce -41.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 734,132 | $176.4M | Add +5.6% |
| TFII Tfi International Inc. | 0.31% | 1,283,286 | $173.4M | Add +2.8% |
| AMT American Tower Corp. | 0.31% | 945,015 | $173.3M | Reduce -2.8% |
| USIG iShares Broad Usd Investment | 0.31% | 3,439,845 | $173.0M | Add +1.3% |
| DHR Danaher Corp. | 0.30% | 734,963 | $168.7M | Reduce -1.5% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.30% | 2,833,983 | $165.8M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.29% | 2,693,490 | $162.5M | Add +228.7% |
| AXON Axon Enterprise Inc. | 0.29% | 272,500 | $162.0M | Reduce -40.0% |
| SNOW Snowflake Inc. | 0.29% | 1,036,640 | $160.1M | New |
| GIB Cgi Inc. | 0.28% | 1,420,207 | $155.3M | Reduce -7.3% |
| MAA Mid-America Apartment Comm | 0.27% | 985,451 | $152.3M | Reduce -20.6% |
| PG The Procter & Gamble Co. | 0.27% | 904,772 | $151.7M | Add +5.1% |
| XLK SS Technology Select Sector | 0.27% | 650,037 | $151.1M | Add +5241.3% |
| CMG Chipotle Mexican Grill Inc. | 0.27% | 2,466,754 | $148.7M | Add +8439.9% |
| CYBR Cyberark Software Ltd./Israel | 0.26% | 439,355 | $146.4M | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($61.5B), ARES MANAGEMENT CORPORATION puts ($42.5M), KKR & CO INC puts ($17.7M), ISHARES TR puts ($15.7M), TARGA RES CORP puts ($12.5M), DIGITAL RLTY TR INC puts ($8.9M), APOLLO GLOBAL MGMT INC calls ($7.4M), ROYAL BK CDA calls ($7.4M), TORONTO DOMINION BK ONT calls ($6.4M), DANAHER CORP DEL calls ($4.6M), CANADIAN IMPERIAL BANK OF CO calls ($3.8M), TPG INC puts ($440K).
Portfolio Sells Q3 2024 → Q4 2024
| TD Toronto-Dominion Bank | Reduce -15.8% | 2.17% | −0.71 |
| UNH Unitedhealth Group Inc. | Reduce -22.5% | 1.12% | −0.45 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.45 |
| ZETA Zeta Global Holdings Corp. Class A | Sold out | 0.00% | −0.33 |
| GE General Electric | Reduce -98.4% | 0.00% | −0.31 |
| IYW iShares Ustechnology ETF | Reduce -97.9% | 0.01% | −0.30 |
| PGR Progressive Corp. | Reduce -56.3% | 0.22% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -41.9% | 0.32% | −0.27 |
| BCE Bce Inc. | Reduce -79.2% | 0.05% | −0.27 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.26 |
| DG Dollar General Corp. | Reduce -99.7% | 0.00% | −0.25 |
| IBM Intl Business Machines Corp. | Reduce -98.1% | 0.01% | −0.24 |
| TMUS T-Mobile US Inc. | Reduce -96.7% | 0.01% | −0.24 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.24 |
| CVE Cenovus Energy Inc. | Reduce -97.7% | 0.01% | −0.22 |
| DDOG Datadog Inc. Class A | Reduce -64.7% | 0.19% | −0.21 |
| DHI D.R. Horton Inc. | Reduce -97.6% | 0.00% | −0.21 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.20 |
| WING Wingstop Inc. | Sold out | 0.00% | −0.19 |
| NKE Nike Inc. Class B | Reduce -48.5% | 0.16% | −0.18 |
| RY Royal Bank of Canada | Reduce -7.4% | 3.64% | −0.18 |
| IEMG iShares Core MSCI Emerging | Reduce -99.8% | 0.00% | −0.17 |
| RCI Rogers Communications Inc. Class B | Reduce -0.4% | 0.75% | −0.17 |
| BX Blackstone Inc. | Reduce -72.7% | 0.08% | −0.17 |
| CNQ Canadian Natural Resources | Reduce -7.5% | 1.72% | −0.16 |
| EFX Equifax Inc. | Reduce -98.2% | 0.00% | −0.16 |
| SHW The Sherwin-Williams Co. | Reduce -11.7% | 0.81% | −0.16 |
| TTWO Take-Two Interactive Softwre | Reduce -46.5% | 0.34% | −0.16 |
| TT Trane Technologies PLC | Reduce -95.4% | 0.01% | −0.16 |
| CB Chubb Ltd. | Reduce -95.4% | 0.01% | −0.15 |
| FLOT iShares Floating Rate Bond E | Reduce -70.0% | 0.07% | −0.15 |
| PHM Pultegroup Inc. | Reduce -95.9% | 0.00% | −0.15 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.14 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −0.14 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.14 |
| TRU Transunion | Sold out | 0.00% | −0.13 |
| ACWV iShares MSCI Global Min Vol | Reduce -75.4% | 0.04% | −0.13 |
| CL Colgate-Palmolive Co. | Reduce -98.8% | 0.00% | −0.13 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.12 |
| LW Lamb Weston Holdings Inc. | Reduce -81.9% | 0.03% | −0.12 |
| SPGI S&P Global Inc. | Reduce -57.1% | 0.10% | −0.12 |
| NEE Nextera Energy Inc. | Reduce -6.6% | 0.65% | −0.12 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.12 |
| IOT Samsara Inc. Class A | Reduce -18.9% | 0.43% | −0.12 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -76.2% | 0.05% | −0.12 |
| ORCL Oracle Corp. | Reduce -14.2% | 0.99% | −0.12 |
| BEP Brookfield Renewable Partner | Reduce -12.5% | 0.36% | −0.12 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.11 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.11 |
Portfolio Buys Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Add +10.9% | 4.04% | +0.55 |
| ALAB Astera Labs Inc. | New | 0.51% | +0.51 |
| GOOGL Alphabet Inc. Class A | Add +45.3% | 1.11% | +0.48 |
| TSLA Tesla Inc. | Add +7394.9% | 0.48% | +0.48 |
| V Visa Inc. Class A | Add +3.8% | 2.12% | +0.45 |
| NVDA Nvidia Corp. | Add +10.2% | 1.96% | +0.45 |
| GEV GE Vernova Inc. | Add +1177.5% | 0.44% | +0.41 |
| CRM Salesforce Inc. | Add +41.8% | 0.79% | +0.36 |
| APO Apollo Global Management Inc. | Add +167.0% | 0.48% | +0.35 |
| AAPL Apple Inc. | Add +4.5% | 2.12% | +0.35 |
| MRVL Marvell Technology Inc. | New | 0.34% | +0.34 |
| BKNG Booking Holdings Inc. | Add +48.4% | 0.63% | +0.29 |
| SNOW Snowflake Inc. | New | 0.29% | +0.29 |
| TSM Taiwan Semiconductor-SP ADR | Add +42.7% | 0.66% | +0.28 |
| XLK SS Technology Select Sector | Add +5241.3% | 0.27% | +0.27 |
| CMG Chipotle Mexican Grill Inc. | Add +8439.9% | 0.27% | +0.26 |
| NET Cloudflare Inc. Class A | Add +23.7% | 0.61% | +0.26 |
| PFE Pfizer Inc. | Add +101.0% | 0.51% | +0.25 |
| BROS Dutch Bros Inc. Class A | Add +3071.2% | 0.25% | +0.24 |
| WFC Wells Fargo & Co. | Add +98.2% | 0.37% | +0.23 |
| RDDT Reddit Inc. Class A | New | 0.20% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +1.8% | 1.01% | +0.19 |
| UBER Uber Technologies Inc. | Add +228.7% | 0.29% | +0.19 |
| GKOS Glaukos Corp. | Add +2039.9% | 0.19% | +0.19 |
| SE Sea Ltd.-ADR | New | 0.19% | +0.19 |
| BNS Bank of Nova Scotia | Add +6.1% | 1.67% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +186.7% | 0.25% | +0.17 |
| FLUT Flutter Entertainment PLC-Di | New | 0.17% | +0.17 |
| EXE Expand Energy Corp. | Add +0.2% | 0.71% | +0.16 |
| HUBS HubSpot Inc. | Add +266.3% | 0.20% | +0.16 |
| BURL Burlington Stores Inc. | New | 0.15% | +0.15 |
| ISRG Intuitive Surgical Inc. | Add +37.1% | 0.40% | +0.14 |
| ESLT Elbit Systems Ltd. | Add +25.6% | 0.32% | +0.14 |
| DASH DoorDash Inc. Class A | Add +11.9% | 0.45% | +0.13 |
| TEAM Atlassian Corp. Class A | New | 0.12% | +0.12 |
| CAVA Cava Group Inc. | Add +42.0% | 0.44% | +0.12 |
| KVYO Klaviyo Inc. Class A | New | 0.12% | +0.12 |
| MCHI iShares MSCI China ETF | Add +30796.5% | 0.12% | +0.12 |
| EQT Eqt Corp. | Add +186.8% | 0.15% | +0.11 |
| CCJ Cameco Corp. | Add +154.1% | 0.17% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +4.8% | 0.50% | +0.11 |
| AXP American Express Co. | Add +22.3% | 0.35% | +0.11 |
| NFLX Netflix Inc. | Add +5.7% | 0.35% | +0.10 |
| WEN The Wendy's Co. | New | 0.10% | +0.10 |
| META Meta Platforms Inc. Class A | Add +2.7% | 0.91% | +0.10 |
| ROST Ross Stores Inc. | Add +14.1% | 0.51% | +0.09 |
| ARGX Argenx SE - ADR | Add +38.9% | 0.23% | +0.09 |
| TGTX TG Therapeutics Inc. | New | 0.09% | +0.09 |
| VST Vistra Corp. | Add +1174.1% | 0.09% | +0.09 |
| CCK Crown Holdings Inc. | New | 0.09% | +0.09 |
Options Activity Q3 2024 → Q4 2024
| STATE STR SPDR S&P 500 ETF T | put | Reduce -16.1% | 105,008,400 | $61.5B |
| ARES MANAGEMENT CORPORATION | put | Add +140.0% | 240,000 | $42.5M |
| KKR & CO INC | put | New | 120,000 | $17.7M |
| ISHARES TR | put | New | 200,000 | $15.7M |
| KOHLS CORP | call | Sold out | 609,500 | $12.9Mbefore exit |
| TARGA RES CORP | put | New | 70,000 | $12.5M |
| APOLLO GLOBAL MGMT INC | put | Sold out | 100,000 | $12.5Mbefore exit |
| DIGITAL RLTY TR INC | put | New | 50,000 | $8.9M |
| APOLLO GLOBAL MGMT INC | call | New | 45,000 | $7.4M |
| ROYAL BK CDA | call | New | 61,500 | $7.4M |
| TORONTO DOMINION BK ONT | call | Add +200.0% | 120,000 | $6.4M |
| CANADIAN IMPERIAL BANK OF CO | put | Sold out | 88,000 | $5.4Mbefore exit |
| DANAHER CORP DEL | call | New | 20,000 | $4.6M |
| CANADIAN IMPERIAL BANK OF CO | call | New | 60,000 | $3.8M |
| TPG INC | put | New | 7,000 | $440K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 618 | $81.5B | RY, TD, MSFT, CNI, NVDA |
| Q1 2026 | 628 | $75.5B | TD, RY, MSFT, CNI, AMZN |
| Q4 2025 | 674 | $78.3B | TD, RY, MSFT, BN, CNI |
| Q3 2025 | 647 | $59.1B | MSFT, RY, TD, ENB, NVDA |
| Q2 2025 | 640 | $57.4B | MSFT, RY, TD, NVDA, AMZN |
| Q1 2025 | 631 | $52.4B | RY, MSFT, ENB, TD, AMZN |
| Q4 2024 | 645 | $56.0B | MSFT, RY, AMZN, ENB, BN |
| Q3 2024 | 663 | $59.6B | RY, MSFT, TD, ENB, AMZN |
| Q2 2024 | 881 | $55.2B | MSFT, RY, AMZN, TD, ENB |
| Q1 2024 | 876 | $54.7B | MSFT, RY, AMZN, TD, ENB |