Addenda Capital Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), Addenda Capital Inc. reported 128 stock positions worth $2.6 billion. Its top holding was Royal Bank of Canada (RY) at 4.6% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.5%) and Canadian Natural Resources (CNQ, 4.5%). Compared with Q1 2024, it opened 2 new positions, sold out of 5, added to 54 and reduced 71. The biggest buy was Wheaton Precious Metals (WPM, shares +43%) and the biggest sale Bank of Montreal (BMO, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001569411
- Portfolio Value
- $2.6B (Q2 2024)
- SEC Filing
- 0001085146-24-003033 ↗ filed Jul 16, 2024
Holdings Value
Holdings 128 stocks · $2.6B
| RY Royal Bank of Canada | 4.55% | 797,352 | $116.1M | Reduce -2.9% |
| TD Toronto-Dominion Bank | 4.52% | 1,532,674 | $115.3M | Reduce -4.2% |
| CNQ Canadian Natural Resources | 4.46% | 2,310,433 | $113.8M | Reduce -3.4% |
| BN Brookfield Corp. | 3.99% | 1,790,787 | $101.9M | Reduce -3.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.88% | 861,287 | $98.9M | Reduce -4.0% |
| WPM Wheaton Precious Metals Corp. | 3.44% | 1,223,545 | $87.8M | Add +42.8% |
| CP Canadian Pacific Kansas City | 3.27% | 773,397 | $83.5M | Reduce -3.6% |
| SHOP Shopify Inc. Class A | 3.21% | 906,273 | $81.9M | Add +5.7% |
| ENB Enbridge Inc. | 3.02% | 1,580,205 | $76.9M | Reduce -3.6% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.88% | 1,172,757 | $73.4M | Reduce -0.3% |
| CNI Canadian Natl Railway Co. | 2.71% | 427,926 | $69.2M | Reduce -1.6% |
| GIB Cgi Inc. | 2.18% | 406,344 | $55.5M | Reduce -3.6% |
| TRP TC Energy Corp. | 2.17% | 1,050,189 | $55.5M | Reduce -2.1% |
| B Barrick Gold Corp. | 2.15% | 2,401,445 | $54.8M | Add +4.7% |
| MFC Manulife Financial Corp. | 2.11% | 1,477,176 | $53.8M | Reduce -3.0% |
| CCJ Cameco Corp. | 1.87% | 707,733 | $47.6M | Reduce -15.3% |
| WCN Waste Connections Inc. | 1.76% | 186,730 | $44.8M | Reduce -3.4% |
| SU Suncor Energy Inc. | 1.75% | 854,658 | $44.6M | Reduce -3.3% |
| MSFT Microsoft Corp. | 1.69% | 96,422 | $43.1M | Add +1.0% |
| RCI Rogers Communications Inc. Class B | 1.45% | 723,390 | $37.0M | Reduce -8.4% |
| QSR Restaurant Brands Intern | 1.45% | 380,118 | $36.9M | Reduce -1.8% |
| AVGO Broadcom Inc. | 1.38% | 21,924 | $35.2M | Reduce -12.7% |
| TECK Teck Resources Ltd.-CLS B | 1.28% | 497,619 | $32.6M | Reduce -3.4% |
| BCE Bce Inc. | 1.24% | 700,910 | $31.8M | Reduce -0.0% |
| NTR Nutrien Ltd. | 1.24% | 450,485 | $31.7M | Reduce -18.4% |
| PBA Pembina Pipeline Corp. | 1.21% | 606,187 | $30.8M | Reduce -4.6% |
| AAPL Apple Inc. | 1.19% | 143,716 | $30.3M | Add +9.8% |
| DSGX The Descartes Systems Grp | 1.12% | 215,260 | $28.5M | Reduce -4.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 1.06% | 409,201 | $27.0M | Add +57.7% |
| GOOG Alphabet Inc. Class C | 1.01% | 140,265 | $25.7M | Add +1.2% |
| CIGI Colliers Intl GR-Subord Vot | 0.92% | 153,625 | $23.5M | Add +20.6% |
| V Visa Inc. Class A | 0.78% | 75,513 | $19.8M | Add +0.8% |
| OTEX Open Text Corp. | 0.73% | 451,128 | $18.5M | Reduce -9.3% |
| FNV Franco-Nevada Corp. | 0.66% | 104,369 | $16.9M | Add +85.7% |
| MGA Magna International Inc. | 0.64% | 284,520 | $16.3M | Add +10.3% |
| BAM Brookfield Asset Mgmt-A | 0.62% | 301,956 | $15.7M | Reduce -4.3% |
| GFL GFL Environmental Inc.-Sub VT | 0.58% | 279,360 | $14.9M | Reduce -4.7% |
| ADBE Adobe Inc. | 0.57% | 26,042 | $14.5M | Add +27.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.56% | 144,226 | $14.3M | Add +4.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.53% | 122,931 | $13.5M | Add +1.3% |
| PEP Pepsico Inc. | 0.52% | 80,015 | $13.2M | Add +5.3% |
| BKNG Booking Holdings Inc. | 0.52% | 3,321 | $13.2M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 0.51% | 25,599 | $13.0M | Add +2.8% |
| CVE Cenovus Energy Inc. | 0.50% | 472,520 | $12.7M | Reduce -4.9% |
| TRI Thomson Reuters Corp. | 0.49% | 54,367 | $12.5M | Reduce -0.0% |
| STN Stantec Inc. | 0.49% | 108,510 | $12.5M | Reduce -0.0% |
| FTS Fortis Inc. | 0.47% | 224,968 | $12.0M | Add +0.9% |
| RMD Resmed Inc. | 0.44% | 58,986 | $11.3M | Add +17.4% |
| APH Amphenol Corp. Class A | 0.44% | 166,059 | $11.2M | Add +7.7% |
| GIL Gildan Activewear Inc. | 0.43% | 212,496 | $11.0M | Reduce -0.1% |
| RBA RB Global Inc. | 0.43% | 104,923 | $10.9M | Reduce -0.0% |
| INTU Intuit Inc. | 0.42% | 16,413 | $10.8M | Add +8.2% |
| FISV Fiserv Inc. | 0.42% | 71,599 | $10.7M | Add +6.5% |
| JPM JPMorgan Chase & Co. | 0.42% | 52,520 | $10.6M | Reduce -11.3% |
| MEOH Methanex Corp. | 0.41% | 160,187 | $10.6M | Reduce -0.0% |
| SCHW Schwab (charles) Corp. | 0.41% | 143,473 | $10.6M | Add +7.6% |
| NKE Nike Inc. Class B | 0.41% | 138,495 | $10.5M | Add +5.6% |
| HON Honeywell International Inc. | 0.41% | 48,498 | $10.4M | Add +8.0% |
| COST Costco Wholesale Corp. | 0.40% | 12,057 | $10.2M | Reduce -19.7% |
| SLF Sun Life Financial Inc. | 0.40% | 152,339 | $10.2M | Add +0.8% |
| UPS United Parcel Service Class B | 0.40% | 74,494 | $10.2M | Reduce -1.8% |
| CAE Cae Inc. | 0.39% | 394,829 | $10.0M | Add +18.5% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 18,049 | $10.0M | Reduce -6.8% |
| IQV Iqvia Holdings Inc. | 0.37% | 45,191 | $9.6M | Add +7.1% |
| BALL Ball Corp. | 0.36% | 153,464 | $9.2M | Add +7.3% |
| BR Broadridge Financial Solutio | 0.36% | 46,361 | $9.2M | Add +16.7% |
| GOOGL Alphabet Inc. Class A | 0.35% | 49,323 | $9.0M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 0.35% | 46,184 | $8.9M | Reduce -0.0% |
| CAT Caterpillar Inc. | 0.34% | 26,231 | $8.7M | Reduce -0.0% |
| WMT Walmart Inc. | 0.33% | 124,092 | $8.4M | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 0.33% | 16,590 | $8.4M | Reduce -0.0% |
| BDX Becton Dickinson and Co. | 0.32% | 35,363 | $8.3M | Add +17.4% |
| FDX FedEx Corp. | 0.32% | 26,793 | $8.1M | Reduce -0.0% |
| NVDA Nvidia Corp. | 0.32% | 65,129 | $8.0M | Reduce -26.5% |
| LOW Lowe's Cos Inc. | 0.31% | 35,805 | $7.9M | Add +8.6% |
| AKAM Akamai Technologies Inc. | 0.30% | 85,789 | $7.7M | Add +17.9% |
| LIN Linde PLC | 0.30% | 17,268 | $7.6M | Add +28.3% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 112,625 | $7.4M | Add +19.2% |
| DD Dupont DE Nemours Inc. | 0.29% | 91,023 | $7.3M | Reduce -0.0% |
| FTV Fortive Corp. | 0.29% | 98,487 | $7.3M | Add +8.8% |
| EMR Emerson Electric Co. | 0.28% | 65,577 | $7.2M | Reduce -0.0% |
| MRK Merck & Co. Inc. | 0.28% | 57,736 | $7.2M | Reduce -0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 41,476 | $7.2M | Reduce -0.0% |
| MIDD Middleby Corp. | 0.28% | 57,645 | $7.1M | Add +8.5% |
| GPN Global Payments Inc. | 0.27% | 70,661 | $6.8M | Add +8.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.26% | 100,663 | $6.6M | Reduce -0.0% |
| MA Mastercard Inc. Class A | 0.26% | 15,021 | $6.6M | Reduce -0.0% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.25% | 201,102 | $6.5M | Reduce -0.0% |
| ABT Abbott Laboratories | 0.25% | 62,102 | $6.5M | Add +26.5% |
| INTC Intel Corp. | 0.25% | 208,164 | $6.4M | Add +27.5% |
| BHP BHP Group Ltd.-Spon ADR | 0.25% | 112,545 | $6.4M | Reduce -0.0% |
| LKQ LKQ Corp. | 0.25% | 154,310 | $6.4M | New |
| SYK Stryker Corp. | 0.25% | 18,699 | $6.4M | Add +11.6% |
| T AT&T Inc. | 0.24% | 326,987 | $6.2M | Reduce -0.0% |
| DEO Diageo PLC-Sponsored ADR | 0.24% | 49,157 | $6.2M | Add +27.6% |
| SBUX Starbucks Corp. | 0.24% | 79,253 | $6.2M | Add +27.8% |
| JNJ Johnson & Johnson | 0.24% | 41,924 | $6.1M | Reduce -38.2% |
| HD Home Depot Inc. | 0.24% | 17,711 | $6.1M | Reduce -0.0% |
| KO The Coca-Cola Co. | 0.24% | 94,397 | $6.1M | Reduce -0.0% |
| DE Deere & Co. | 0.24% | 16,030 | $6.0M | Reduce -0.0% |
Portfolio Sells Q1 2024 → Q2 2024
| BMO Bank of Montreal | Reduce -4.0% | 3.88% | −0.63 |
| TD Toronto-Dominion Bank | Reduce -4.2% | 4.52% | −0.45 |
| CP Canadian Pacific Kansas City | Reduce -3.6% | 3.27% | −0.37 |
| NTR Nutrien Ltd. | Reduce -18.4% | 1.24% | −0.31 |
| TU Telus Corp. | Reduce -91.9% | 0.03% | −0.29 |
| CNQ Canadian Natural Resources | Reduce -3.4% | 4.46% | −0.28 |
| OTEX Open Text Corp. | Reduce -9.3% | 0.73% | −0.27 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.25 |
| BNS Bank of Nova Scotia | Reduce -0.3% | 2.88% | −0.25 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.25 |
| CNI Canadian Natl Railway Co. | Reduce -1.6% | 2.71% | −0.23 |
| RCI Rogers Communications Inc. Class B | Reduce -8.4% | 1.45% | −0.23 |
| GIB Cgi Inc. | Reduce -3.6% | 2.18% | −0.22 |
| JNJ Johnson & Johnson | Reduce -38.2% | 0.24% | −0.17 |
| QSR Restaurant Brands Intern | Reduce -1.8% | 1.45% | −0.14 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.13 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.12 |
| CVS CVS Health Corp. | Reduce -16.0% | 0.20% | −0.11 |
| TRP TC Energy Corp. | Reduce -2.1% | 2.17% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Reduce -4.3% | 0.62% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.8% | 0.39% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -11.3% | 0.42% | −0.03 |
| ENB Enbridge Inc. | Reduce -3.6% | 3.02% | −0.03 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -0.0% | 0.25% | −0.03 |
| UPS United Parcel Service Class B | Reduce -1.8% | 0.40% | −0.03 |
| CAT Caterpillar Inc. | Reduce -0.0% | 0.34% | −0.02 |
| TFII Tfi International Inc. | Reduce -18.1% | 0.07% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -0.0% | 0.28% | −0.02 |
| HD Home Depot Inc. | Reduce -0.0% | 0.24% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.0% | 0.22% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -19.7% | 0.40% | −0.02 |
| DE Deere & Co. | Reduce -0.0% | 0.24% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -0.0% | 0.26% | −0.01 |
| MDT Medtronic PLC | Reduce -0.0% | 0.20% | −0.01 |
| DOW Dow Inc. | Reduce -0.0% | 0.22% | −0.01 |
| CVE Cenovus Energy Inc. | Reduce -4.9% | 0.50% | −0.01 |
| BN Brookfield Corp. | Reduce -3.8% | 3.99% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -0.0% | 0.28% | −0.01 |
| F Ford Motor Co. | Reduce -0.0% | 0.22% | −0.01 |
| BCE Bce Inc. | Reduce -0.0% | 1.24% | −0.01 |
| WFG West Fraser Timber Co. Ltd. | Reduce -26.6% | 0.01% | −0.01 |
| NVEI Nuvei Corp.-Subordinate VTG | Reduce -14.8% | 0.04% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.0% | 0.22% | −0.00 |
| WAB Wabtec Corp. | Reduce -14.1% | 0.05% | −0.00 |
| IMO Imperial Oil Ltd. | Reduce -8.0% | 0.02% | −0.00 |
| OR Osisko Gold Royalties Ltd. | Reduce -0.3% | 0.03% | −0.00 |
| EMR Emerson Electric Co. | Reduce -0.0% | 0.28% | +0.00 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -0.0% | 0.25% | +0.01 |
| CCJ Cameco Corp. | Reduce -15.3% | 1.87% | +0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| WPM Wheaton Precious Metals Corp. | Add +42.8% | 3.44% | +1.36 |
| CM Can Imperial BK of Commerce | Add +57.7% | 1.06% | +0.37 |
| AAPL Apple Inc. | Add +9.8% | 1.19% | +0.33 |
| FNV Franco-Nevada Corp. | Add +85.7% | 0.66% | +0.32 |
| LKQ LKQ Corp. | New | 0.25% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +1.2% | 1.01% | +0.21 |
| B Barrick Gold Corp. | Add +4.7% | 2.15% | +0.19 |
| ADBE Adobe Inc. | Add +27.8% | 0.57% | +0.18 |
| MSFT Microsoft Corp. | Add +1.0% | 1.69% | +0.16 |
| CIGI Colliers Intl GR-Subord Vot | Add +20.6% | 0.92% | +0.12 |
| APH Amphenol Corp. Class A | Add +7.7% | 0.44% | +0.10 |
| BKNG Booking Holdings Inc. | Add +6.2% | 0.52% | +0.09 |
| RMD Resmed Inc. | Add +17.4% | 0.44% | +0.06 |
| TJX TJX Companies Inc. | Add +1.3% | 0.53% | +0.06 |
| LIN Linde PLC | Add +28.3% | 0.30% | +0.06 |
| HON Honeywell International Inc. | Add +8.0% | 0.41% | +0.06 |
| BR Broadridge Financial Solutio | Add +16.7% | 0.36% | +0.05 |
| INTU Intuit Inc. | Add +8.2% | 0.42% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +7.6% | 0.41% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +2.8% | 0.51% | +0.04 |
| ABT Abbott Laboratories | Add +26.5% | 0.25% | +0.04 |
| BDX Becton Dickinson and Co. | Add +17.4% | 0.32% | +0.04 |
| CAE Cae Inc. | Add +18.5% | 0.39% | +0.04 |
| MDLZ Mondelez International Inc. Class A | Add +19.2% | 0.29% | +0.04 |
| CHD Church & Dwight Co. Inc. | Add +12.7% | 0.23% | +0.03 |
| SBUX Starbucks Corp. | Add +27.8% | 0.24% | +0.03 |
| PNC PNC Financial Services Group | Add +13.1% | 0.22% | +0.02 |
| DEO Diageo PLC-Sponsored ADR | Add +27.6% | 0.24% | +0.02 |
| SYK Stryker Corp. | Add +11.6% | 0.25% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +49.7% | 0.04% | +0.02 |
| FTS Fortis Inc. | Add +0.9% | 0.47% | +0.02 |
| UNP Union Pacific Corp. | Add +13.9% | 0.19% | +0.01 |
| BIP Brookfield Infrastructure Pa | Add +37.0% | 0.06% | +0.01 |
| GRP.U Granite Real Estate Investme | Add +17.2% | 0.20% | +0.01 |
| FFIV F5 Inc. | Add +12.9% | 0.20% | +0.01 |
| FISV Fiserv Inc. | Add +6.5% | 0.42% | +0.01 |
| PEP Pepsico Inc. | Add +5.3% | 0.52% | +0.01 |
| MAG Mag Silver Corp. | New | 0.01% | +0.01 |
| DOO BRP Inc./Ca- Sub Voting | Add +9.9% | 0.04% | +0.00 |
| LSPD Lightspeed Commerce Inc. | Add +10.5% | 0.03% | +0.00 |
| AKAM Akamai Technologies Inc. | Add +17.9% | 0.30% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +1.3% | 0.18% | +0.00 |
| BALL Ball Corp. | Add +7.3% | 0.36% | −0.00 |
| TAP Molson Coors Beverage Co. Class B | Add +3.6% | 0.02% | −0.01 |
| LOW Lowe's Cos Inc. | Add +8.6% | 0.31% | −0.01 |
| FTV Fortive Corp. | Add +8.8% | 0.29% | −0.01 |
| V Visa Inc. Class A | Add +0.8% | 0.78% | −0.02 |
| INTC Intel Corp. | Add +27.5% | 0.25% | −0.02 |
| SLF Sun Life Financial Inc. | Add +0.8% | 0.40% | −0.02 |
| IQV Iqvia Holdings Inc. | Add +7.1% | 0.37% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 128 | $3.7B | TD, RY, BMO, BNS, BN |
| Q1 2026 | 129 | $3.6B | AEM, TD, RY, BMO, CNQ |
| Q4 2025 | 125 | $3.4B | TD, RY, AEM, SHOP, BN |
| Q3 2025 | 126 | $3.4B | AEM, TD, RY, SHOP, BMO |
| Q2 2025 | 120 | $2.8B | TD, RY, BN, AEM, SHOP |
| Q1 2025 | 123 | $2.7B | BN, TD, RY, AEM, SHOP |
| Q4 2024 | 123 | $2.8B | BN, SHOP, RY, WPM, TD |
| Q3 2024 | 125 | $2.8B | BN, TD, RY, CNQ, WPM |
| Q2 2024 | 128 | $2.6B | RY, TD, CNQ, BN, BMO |
| Q1 2024 | 131 | $2.6B | TD, CNQ, BMO, RY, BN |