1832 Asset Management L.P.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), 1832 Asset Management L.P. reported 628 stock positions worth $75.5 billion. Its top holding was Toronto-Dominion Bank (TD) at 3.7% of the portfolio, followed by Royal Bank of Canada (RY, 3.5%) and Microsoft (MSFT, 3.1%). Compared with Q4 2025, it opened 69 new positions, sold out of 115, added to 249 and reduced 271. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +833%) and the biggest sale Alphabet Class A (GOOGL, shares −31%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0000944388
Portfolio Value
$75.5B (Q1 2026)
SEC Filing
0001062993-26-002620 ↗ filed May 14, 2026

Holdings Value

0$20.0B$40.0B$60.0B$80.0B$100.0B Q1 2024: $54.7B Q1 2024 Q2 2024: $55.2B Q2 2024 Q3 2024: $59.6B Q3 2024 Q4 2024: $56.0B Q4 2024 Q1 2025: $52.4B Q1 2025 Q2 2025: $57.4B Q2 2025 Q3 2025: $59.1B Q3 2025 Q4 2025: $78.3B Q4 2025 Q1 2026: $75.5B $75.5B Q1 2026 Q2 2026: $81.5B Q2 2026

Holdings 628 stocks · $75.5B

TD Toronto-Dominion Bank 3.75% 30,345,986 $2.8B Reduce -6.0%
RY Royal Bank of Canada 3.54% 16,505,826 $2.7B Reduce -2.1%
MSFT Microsoft Corp. 3.10% 6,323,428 $2.3B Add +12.0%
CNI Canadian Natl Railway Co. 2.54% 18,683,240 $1.9B Reduce -0.3%
AMZN Amazon.com Inc. 2.30% 8,349,910 $1.7B Add +7.4%
BN Brookfield Corp. 2.30% 42,945,630 $1.7B Reduce -5.7%
NVDA Nvidia Corp. 2.19% 9,466,648 $1.7B Add +32.8%
ENB Enbridge Inc. 2.08% 29,071,069 $1.6B Reduce -4.9%
TRP TC Energy Corp. 1.83% 22,038,036 $1.4B Reduce -10.1%
CNQ Canadian Natural Resources 1.80% 27,936,558 $1.4B Reduce -11.3%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 1.72% 9,599,929 $1.3B Reduce -7.8%
AAPL Apple Inc. 1.70% 5,073,214 $1.3B Add +15.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 1.68% 18,254,276 $1.3B Reduce -2.7%
SHOP Shopify Inc. Class A 1.60% 10,187,742 $1.2B Add +30.4%
WCN Waste Connections Inc. 1.53% 7,113,604 $1.2B Add +25.9%
CP Canadian Pacific Kansas City 1.47% 14,142,830 $1.1B Reduce -1.3%
GOOGL Alphabet Inc. Class A 1.47% 3,848,693 $1.1B Reduce -30.7%
SU Suncor Energy Inc. 1.42% 16,192,065 $1.1B Reduce -9.0%
MFC Manulife Financial Corp. 1.29% 28,248,714 $972.9M Reduce -1.1%
TMO Thermo Fisher Scientific Inc. 1.28% 1,969,618 $968.1M Add +58.3%
TSM Taiwan Semiconductor-SP ADR 1.17% 2,616,954 $884.4M Reduce -7.1%
GOOG Alphabet Inc. Class C 1.16% 3,053,037 $875.8M Add +20.7%
V Visa Inc. Class A 1.13% 2,827,907 $854.7M Add +4.0%
AEM Agnico Eagle Mines Ltd. 1.05% 3,918,282 $795.3M Add +5.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.03% 4,886,954 $780.4M Reduce -9.1%
TRI Thomson Reuters Corp. 0.86% 7,235,355 $651.0M Add +37.7%
FNV Franco-Nevada Corp. 0.85% 2,609,825 $644.8M Add +0.3%
OTEX Open Text Corp. 0.80% 27,238,523 $605.8M Add +15.4%
JPM JPMorgan Chase & Co. 0.78% 2,005,420 $589.9M Reduce -8.2%
SLF Sun Life Financial Inc. 0.75% 9,063,878 $567.0M Reduce -11.2%
HD Home Depot Inc. 0.75% 1,722,535 $566.5M Add +8.4%
JNJ Johnson & Johnson 0.71% 2,190,308 $535.4M Reduce -13.4%
PBA Pembina Pipeline Corp. 0.69% 11,726,867 $524.9M Reduce -0.3%
SHW The Sherwin-Williams Co. 0.68% 1,597,905 $512.2M Reduce -5.0%
IVV iShares Core S&P 500 ETF 0.67% 772,216 $504.4M Add +832.9%
NTR Nutrien Ltd. 0.64% 6,403,823 $483.2M Reduce -18.2%
MCD McDonald's Corp. 0.63% 1,538,336 $478.1M Add +4.9%
COST Costco Wholesale Corp. 0.62% 470,973 $469.3M Add +43.7%
BSX Boston Scientific Corp. 0.60% 7,252,746 $455.1M Add +229.4%
MA Mastercard Inc. Class A 0.60% 905,930 $452.7M Reduce -3.0%
NFLX Netflix Inc. 0.59% 4,635,918 $445.7M Add +32.2%
DHR Danaher Corp. 0.59% 2,334,521 $442.6M Add +62.6%
TFII Tfi International Inc. filed as TRANSFORCE INC 0.57% 3,980,503 $432.4M Reduce -13.8%
XOM Exxon Mobil Corp. 0.57% 2,536,468 $430.3M Add +162.3%
CAE Cae Inc. 0.57% 16,395,507 $427.1M Reduce -26.1%
CSCO Cisco Systems Inc. 0.56% 5,447,085 $422.6M Reduce -29.9%
FTS Fortis Inc. 0.56% 7,561,136 $421.8M Reduce -10.1%
ETN Eaton Corp. PLC 0.51% 1,066,609 $381.5M Reduce -16.1%
KGC Kinross Gold Corp. 0.50% 12,454,068 $380.1M Add +78.1%
META Meta Platforms Inc. Class A 0.50% 660,844 $378.1M Reduce -2.7%
LIN Linde PLC 0.50% 755,338 $374.5M Add +59.9%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.49% 279,479 $369.1M Add +277.1%
AVGO Broadcom Inc. 0.48% 1,174,029 $363.4M Reduce -29.3%
EMR Emerson Electric Co. 0.47% 2,703,627 $354.2M Reduce -20.8%
GIB Cgi Inc. 0.46% 4,776,348 $349.2M Reduce -10.8%
ORCL Oracle Corp. 0.46% 2,356,324 $346.6M Reduce -7.8%
CIGI Colliers Intl GR-Subord Vot 0.46% 3,224,175 $344.6M Add +34.2%
STN Stantec Inc. 0.45% 3,927,603 $339.3M Reduce -1.2%
RBA RB Global Inc. 0.44% 3,469,699 $332.6M Reduce -0.9%
VLO Valero Energy Corp. 0.44% 1,333,143 $329.4M Reduce -4.8%
TTWO Take-Two Interactive Softwre 0.43% 1,648,200 $325.5M Add +3196.4%
GIL Gildan Activewear Inc. 0.43% 5,834,188 $324.7M Reduce -13.9%
TU Telus Corp. 0.42% 24,824,378 $318.5M Reduce -24.8%
RCI Rogers Communications Inc. Class B 0.42% 8,271,426 $318.0M Reduce -17.7%
CME Cme Group Inc. 0.41% 1,053,209 $311.1M Add +66.5%
SYK Stryker Corp. 0.40% 922,234 $303.0M Add +9.1%
IBKR Interactive Brokers Gro Class A 0.40% 4,454,154 $298.7M Reduce -11.4%
UNH Unitedhealth Group Inc. 0.39% 1,096,254 $296.6M Reduce -16.2%
KLAC KLA Corp. 0.39% 198,458 $292.2M Add +88.3%
BGSI Boyd Group Services Inc. 0.38% 2,265,732 $289.7M Reduce -4.4%
BIP Brookfield Infrastructure Pa 0.37% 7,668,570 $277.0M Reduce -16.5%
AMAT Applied Materials Inc. 0.37% 807,088 $275.9M Add +461.4%
DSGX The Descartes Systems Grp 0.36% 3,833,793 $274.3M Add +47.8%
ETR Entergy Corp. 0.35% 2,381,087 $267.5M Add +70.0%
QSR Restaurant Brands Intern 0.35% 3,585,870 $265.0M Reduce -6.1%
ABT Abbott Laboratories 0.35% 2,542,730 $261.1M Add +7.1%
NET Cloudflare Inc. Class A 0.33% 1,212,900 $250.3M Add +5.7%
PG The Procter & Gamble Co. 0.33% 1,702,239 $245.9M Add +17.9%
ACN Accenture PLC Class A 0.32% 1,212,844 $240.5M Add +8.6%
INTU Intuit Inc. 0.31% 540,214 $233.6M Add +222.9%
PSA Public Storage 0.31% 861,567 $233.4M Add +65.7%
WMB Williams Cos Inc. 0.31% 3,190,511 $232.2M Reduce -7.5%
WPM Wheaton Precious Metals Corp. 0.31% 1,766,245 $231.4M Add +342.1%
CVX Chevron Corp. 0.30% 1,099,798 $227.5M Add +3069.4%
ELV Elevance Health Inc. 0.30% 774,089 $226.6M Add +1.6%
CB Chubb Ltd. 0.30% 689,666 $224.8M Add +148.1%
LHX L3HARRIS Technologies Inc. 0.29% 626,575 $216.3M Add +104.2%
VSS Vanguard Ftse All Wo X-US SC 0.28% 1,467,778 $214.0M Reduce -0.1%
WMT Walmart Inc. 0.28% 1,721,160 $213.9M Reduce -50.4%
PGR Progressive Corp. 0.27% 1,016,059 $201.4M Add +5.1%
PEP Pepsico Inc. 0.27% 1,292,884 $200.8M Reduce -0.3%
LITE Lumentum Holdings Inc. 0.26% 283,436 $199.2M Reduce -59.0%
AGI Alamos Gold Inc. Class A 0.26% 4,416,697 $196.2M Add +17.0%
ANET Arista Networks Inc. 0.25% 1,563,143 $191.9M Add +120.6%
GEV GE Vernova Inc. 0.25% 216,896 $189.3M Add +312.3%
CRH CRH PLC 0.25% 1,765,475 $185.6M Reduce -33.9%
DDOG Datadog Inc. Class A 0.24% 1,529,500 $180.6M Add +24.6%
RTX RTX Corp. 0.24% 929,021 $179.2M Reduce -15.1%
URI United Rentals Inc. 0.23% 240,261 $175.0M Add +225.2%
MDT Medtronic PLC 0.23% 1,994,211 $172.8M Add +29.6%

Show all 628 holdings

Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($27.6B), NETFLIX INC. calls ($1.4B), MICROSOFT CORP calls ($1.3B), SHOPIFY INC calls ($652.4M), AMAZON COM INC calls ($624.8M), NVIDIA CORPORATION calls ($570.4M), META PLATFORMS INC calls ($400.5M), CHENIERE ENERGY INC puts ($227.0M), ISHARES INC calls ($92.3M), UNITEDHEALTH GROUP INC calls ($90.6M), INVESCO QQQ TR puts ($58.3M), BANK MONTREAL MEDIUM puts ($54.5M), and 7 more.

Portfolio Sells Q4 2025 → Q1 2026

GOOGL Alphabet Inc. Class A Reduce -30.7% 1.47% −0.76
LLY Eli Lilly & Co. Reduce -79.3% 0.12% −0.55
BN Brookfield Corp. Reduce -5.7% 2.30% −0.37
GRTUF Granite Real Estate Investme Sold out 0.00% −0.36
C Citigroup Inc. Reduce -80.9% 0.07% −0.31
CAE Cae Inc. Reduce -26.1% 0.57% −0.30
MS Morgan Stanley Reduce -97.7% 0.01% −0.29
GS Goldman Sachs Group Inc. Reduce -99.2% 0.00% −0.28
MDB Mongodb Inc. Reduce -50.0% 0.12% −0.28
AVGO Broadcom Inc. Reduce -29.3% 0.48% −0.25
WFC Wells Fargo & Co. Reduce -50.2% 0.19% −0.25
ALNY Alnylam Pharmaceuticals Inc. Sold out 0.00% −0.22
AXP American Express Co. Reduce -99.8% 0.00% −0.22
LRCX Lam Research Corp. Reduce -88.5% 0.04% −0.21
SPGI S&P Global Inc. Reduce -67.0% 0.08% −0.21
GM General Motors Co. Sold out 0.00% −0.21
REGN Regeneron Pharmaceuticals Reduce -99.1% 0.00% −0.21
BDX Becton Dickinson and Co. Reduce -55.2% 0.13% −0.21
WMT Walmart Inc. Reduce -50.4% 0.28% −0.21
CSCO Cisco Systems Inc. Reduce -29.9% 0.56% −0.21
APP AppLovin Corp. Class A Reduce -53.2% 0.08% −0.20
PH Parker Hannifin Corp. Reduce -99.0% 0.00% −0.20
SCCO Southern Copper Corp. Sold out 0.00% −0.19
XLK SS Technology Select Sector Sold out 0.00% −0.19
BAC Bank of America Corp. Reduce -88.9% 0.02% −0.18
CRH CRH PLC Reduce -33.9% 0.25% −0.18
ULTA Ulta Beauty Inc. Sold out 0.00% −0.18
ORCL Oracle Corp. Reduce -7.8% 0.46% −0.18
IBM Intl Business Machines Corp. Reduce -84.9% 0.03% −0.17
AFRM Affirm Holdings Inc. Sold out 0.00% −0.17
GIB Cgi Inc. Reduce -10.8% 0.46% −0.17
EXPE Expedia Group Inc. Reduce -91.8% 0.01% −0.17
ALAB Astera Labs Inc. Reduce -36.8% 0.12% −0.16
UNH Unitedhealth Group Inc. Reduce -16.2% 0.39% −0.16
HDB HDFC Bank Ltd.-ADR Reduce -37.6% 0.12% −0.15
TEVA Teva Pharmaceutical-SP ADR Sold out 0.00% −0.15
PLD Prologis Inc. Reduce -57.5% 0.12% −0.15
RY Royal Bank of Canada Reduce -2.1% 3.54% −0.14
TD Toronto-Dominion Bank Reduce -6.0% 3.75% −0.14
COF Capital One Financial Corp. Reduce -53.8% 0.08% −0.13
TU Telus Corp. Reduce -24.8% 0.42% −0.13
GE General Electric Reduce -83.3% 0.02% −0.13
TOST Toast Inc. Class A Reduce -57.4% 0.06% −0.12
STLD Steel Dynamics Inc. Reduce -99.6% 0.00% −0.12
TSLA Tesla Inc. Reduce -55.8% 0.07% −0.12
JPM JPMorgan Chase & Co. Reduce -8.2% 0.78% −0.12
VRT Vertiv Holdings Co. Class A Reduce -59.6% 0.22% −0.12
CRWD CrowdStrike Holdings Inc. Class A Reduce -34.8% 0.15% −0.12
GIL Gildan Activewear Inc. Reduce -13.9% 0.43% −0.11
EMR Emerson Electric Co. Reduce -20.8% 0.47% −0.11

Portfolio Buys Q4 2025 → Q1 2026

IVV iShares Core S&P 500 ETF Add +832.9% 0.67% +0.60
NVDA Nvidia Corp. Add +32.8% 2.19% +0.49
XOM Exxon Mobil Corp. Add +162.3% 0.57% +0.42
TTWO Take-Two Interactive Softwre Add +3196.4% 0.43% +0.41
ASML ASML Holding NV-NY Reg SHS Add +277.1% 0.49% +0.39
TMO Thermo Fisher Scientific Inc. Add +58.3% 1.28% +0.36
BSX Boston Scientific Corp. Add +229.4% 0.60% +0.33
AMAT Applied Materials Inc. Add +461.4% 0.37% +0.32
CVX Chevron Corp. Add +3069.4% 0.30% +0.29
WCN Waste Connections Inc. Add +25.9% 1.53% +0.26
COST Costco Wholesale Corp. Add +43.7% 0.62% +0.26
KGC Kinross Gold Corp. Add +78.1% 0.50% +0.25
AEM Agnico Eagle Mines Ltd. Add +5.6% 1.05% +0.25
WPM Wheaton Precious Metals Corp. Add +342.1% 0.31% +0.25
LIN Linde PLC Add +59.9% 0.50% +0.24
KLAC KLA Corp. Add +88.3% 0.39% +0.22
CAH Cardinal Health Inc. Add +37159.8% 0.21% +0.21
GEV GE Vernova Inc. Add +312.3% 0.25% +0.21
AEP American Electric Power Add +2195.5% 0.21% +0.20
AMD Advanced Micro Devices Add +6771.9% 0.20% +0.20
CME Cme Group Inc. Add +66.5% 0.41% +0.19
ETR Entergy Corp. Add +70.0% 0.35% +0.19
CB Chubb Ltd. Add +148.1% 0.30% +0.19
CAT Caterpillar Inc. Add +20453.5% 0.18% +0.18
AAPL Apple Inc. Add +15.3% 1.70% +0.18
LHX L3HARRIS Technologies Inc. Add +104.2% 0.29% +0.17
NFLX Netflix Inc. Add +32.2% 0.59% +0.17
LNG Cheniere Energy Inc. Add +164.1% 0.23% +0.17
AXON Axon Enterprise Inc. New 0.17% +0.17
INTU Intuit Inc. Add +222.9% 0.31% +0.17
DHR Danaher Corp. Add +62.6% 0.59% +0.17
FNV Franco-Nevada Corp. Add +0.3% 0.85% +0.16
CAVA Cava Group Inc. New 0.16% +0.16
URI United Rentals Inc. Add +225.2% 0.23% +0.16
GOOG Alphabet Inc. Class C Add +20.7% 1.16% +0.15
SUNB Sunbelt Rentals Holdings Inc. New 0.15% +0.15
WELL Welltower Inc. Add +484.5% 0.17% +0.15
KEYS Keysight Technologies Inc. New 0.14% +0.14
PWR Quanta Services Inc. New 0.14% +0.14
DELL Dell Technologies -C New 0.14% +0.14
PSA Public Storage Add +65.7% 0.31% +0.14
TTE Totalenergies SE Add +959.7% 0.15% +0.14
ANET Arista Networks Inc. Add +120.6% 0.25% +0.14
SLB SLB Ltd. New 0.13% +0.13
SPOT Spotify Technology SA Add +8137.9% 0.12% +0.12
CVE Cenovus Energy Inc. Add +6754.5% 0.11% +0.11
NEE Nextera Energy Inc. Add +132.4% 0.17% +0.11
VMC Vulcan Materials Co. Add +1417.0% 0.11% +0.11
AZN Astrazeneca PLC Add +121.5% 0.17% +0.10
CBOE Cboe Global Markets Inc. Add +173.1% 0.13% +0.09

Options Activity Q4 2025 → Q1 2026

STATE STR SPDR S&P 500 ETF T put Sold out 75,000,000 $51.1Bbefore exit
STATE STR SPDR S&P 500 ETF T put New 42,500,000 $27.6B
NETFLIX INC. call New 14,500,000 $1.4B
MICROSOFT CORP call New 3,500,000 $1.3B
SHOPIFY INC call New 5,500,000 $652.4M
AMAZON COM INC call Add +20.0% 3,000,000 $624.8M
NVIDIA CORPORATION call New 3,270,500 $570.4M
META PLATFORMS INC call New 700,000 $400.5M
ORACLE CORP call Sold out 1,900,000 $370.3Mbefore exit
CHENIERE ENERGY INC put New 800,000 $227.0M
ISHARES INC call New 750,000 $92.3M
UNITEDHEALTH GROUP INC call New 335,000 $90.6M
VERTIV HOLDINGS CO call Sold out 380,000 $61.6Mbefore exit
INVESCO QQQ TR put New 101,000 $58.3M
BANK MONTREAL MEDIUM put Add +475.7% 403,000 $54.5M
ISHARES TR put Reduce -69.8% 504,000 $40.1M
CANADIAN IMPERIAL BANK OF CO put New 352,000 $33.4M
ISHARES TR put New 100,700 $25.0M
SPDR GOLD TR call New 50,500 $21.7M
INVESCO EXCH TRADED FD TR II put Add +102.0% 1,010,000 $20.6M
ARES MANAGEMENT CORPORATION call Sold out 101,000 $16.3Mbefore exit
ALPHABET INC call Sold out 40,400 $12.6Mbefore exit
DANAHER CORP DEL call Reduce -44.2% 51,000 $9.7M
BLUE OWL CAPITAL INC put Sold out 505,000 $7.5Mbefore exit
BLUE OWL CAPITAL INC call Sold out 500,000 $7.5Mbefore exit
INVESCO EXCHANGE TRADED FD T call New 8,300 $1.6M
ROBINHOOD MKTS INC put Sold out 10,000 $1.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 618$81.5BRY, TD, MSFT, CNI, NVDA
Q1 2026 628$75.5BTD, RY, MSFT, CNI, AMZN
Q4 2025 674$78.3BTD, RY, MSFT, BN, CNI
Q3 2025 647$59.1BMSFT, RY, TD, ENB, NVDA
Q2 2025 640$57.4BMSFT, RY, TD, NVDA, AMZN
Q1 2025 631$52.4BRY, MSFT, ENB, TD, AMZN
Q4 2024 645$56.0BMSFT, RY, AMZN, ENB, BN
Q3 2024 663$59.6BRY, MSFT, TD, ENB, AMZN
Q2 2024 881$55.2BMSFT, RY, AMZN, TD, ENB
Q1 2024 876$54.7BMSFT, RY, AMZN, TD, ENB