Addenda Capital Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Addenda Capital Inc. reported 125 stock positions worth $2.8 billion. Its top holding was Brookfield (BN) at 4.8% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.7%) and Royal Bank of Canada (RY, 4.7%). Compared with Q2 2024, it sold out of 3, added to 82 and reduced 42. The biggest buy was Brookfield (BN, shares +5%) and the biggest sale Bank of Montreal (BMO, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001569411
- Portfolio Value
- $2.8B (Q3 2024)
- SEC Filing
- 0001085146-24-004851 ↗ filed Oct 15, 2024
Holdings Value
Holdings 125 stocks · $2.8B
| BN Brookfield Corp. | 4.82% | 1,881,666 | $135.2M | Add +5.1% |
| TD Toronto-Dominion Bank | 4.72% | 1,546,439 | $132.3M | Add +0.9% |
| RY Royal Bank of Canada | 4.70% | 780,459 | $131.7M | Reduce -2.1% |
| CNQ Canadian Natural Resources | 3.91% | 2,411,160 | $109.6M | Add +4.4% |
| WPM Wheaton Precious Metals Corp. | 3.71% | 1,259,245 | $104.0M | Add +2.9% |
| SHOP Shopify Inc. Class A | 3.49% | 903,127 | $97.9M | Reduce -0.3% |
| CP Canadian Pacific Kansas City | 3.46% | 837,142 | $97.0M | Add +8.2% |
| ENB Enbridge Inc. | 3.24% | 1,650,745 | $90.7M | Add +4.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.14% | 720,766 | $88.0M | Reduce -16.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.97% | 1,130,554 | $83.3M | Reduce -3.6% |
| CNI Canadian Natl Railway Co. | 2.53% | 448,554 | $71.0M | Add +4.8% |
| TRP TC Energy Corp. | 2.31% | 990,858 | $64.7M | Reduce -5.7% |
| B Barrick Gold Corp. | 2.29% | 2,384,905 | $64.2M | Reduce -0.7% |
| GIB Cgi Inc. | 2.25% | 406,020 | $63.2M | Reduce -0.1% |
| MFC Manulife Financial Corp. | 2.06% | 1,445,630 | $57.8M | Reduce -2.1% |
| WCN Waste Connections Inc. | 1.65% | 191,433 | $46.3M | Add +2.5% |
| SU Suncor Energy Inc. | 1.61% | 906,307 | $45.2M | Add +6.0% |
| CCJ Cameco Corp. | 1.59% | 687,761 | $44.4M | Reduce -2.8% |
| AVGO Broadcom Inc. | 1.56% | 253,636 | $43.8M | Add +15.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.54% | 514,628 | $43.2M | Add +25.8% |
| MSFT Microsoft Corp. | 1.48% | 96,558 | $41.5M | Add +0.1% |
| QSR Restaurant Brands Intern | 1.33% | 378,552 | $37.2M | Reduce -0.4% |
| FNV Franco-Nevada Corp. | 1.29% | 215,300 | $36.2M | Add +106.3% |
| TECK Teck Resources Ltd.-CLS B | 1.25% | 494,988 | $35.0M | Reduce -0.5% |
| PBA Pembina Pipeline Corp. | 1.24% | 621,877 | $34.7M | Add +2.6% |
| AAPL Apple Inc. | 1.20% | 144,061 | $33.6M | Add +0.2% |
| CIGI Colliers Intl GR-Subord Vot | 1.20% | 163,365 | $33.5M | Add +6.3% |
| RCI Rogers Communications Inc. Class B | 1.17% | 594,426 | $32.7M | Reduce -17.8% |
| BCE Bce Inc. | 1.13% | 658,418 | $31.6M | Reduce -6.1% |
| NTR Nutrien Ltd. | 1.11% | 474,162 | $31.2M | Add +5.3% |
| DSGX The Descartes Systems Grp | 1.06% | 214,200 | $29.8M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 0.84% | 140,352 | $23.5M | Add +0.1% |
| V Visa Inc. Class A | 0.79% | 80,040 | $22.0M | Add +6.0% |
| BAM Brookfield Asset Mgmt-A | 0.74% | 322,906 | $20.6M | Add +6.9% |
| MGA Magna International Inc. | 0.54% | 270,882 | $15.0M | Reduce -4.8% |
| GFL GFL Environmental Inc.-Sub VT | 0.53% | 277,460 | $15.0M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.53% | 25,587 | $15.0M | Reduce -0.1% |
| OTEX Open Text Corp. | 0.53% | 332,048 | $14.9M | Reduce -26.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.52% | 123,289 | $14.5M | Add +0.3% |
| RMD Resmed Inc. | 0.51% | 58,964 | $14.4M | Reduce -0.0% |
| PEP Pepsico Inc. | 0.51% | 84,166 | $14.3M | Add +5.2% |
| BIP Brookfield Infrastructure Pa | 0.50% | 296,481 | $14.1M | Add +588.5% |
| BKNG Booking Holdings Inc. | 0.50% | 3,320 | $14.0M | Reduce -0.0% |
| NKE Nike Inc. Class B | 0.49% | 153,683 | $13.6M | Add +11.0% |
| ADBE Adobe Inc. | 0.48% | 26,257 | $13.6M | Add +0.8% |
| GIL Gildan Activewear Inc. | 0.48% | 213,483 | $13.6M | Add +0.5% |
| FISV Fiserv Inc. | 0.46% | 71,476 | $12.8M | Reduce -0.2% |
| TRI Thomson Reuters Corp. | 0.45% | 54,370 | $12.5M | Add +0.0% |
| STN Stantec Inc. | 0.42% | 108,515 | $11.8M | Add +0.0% |
| RBA RB Global Inc. | 0.41% | 104,928 | $11.4M | Add +0.0% |
| FTS Fortis Inc. | 0.41% | 184,896 | $11.4M | Reduce -17.8% |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 18,036 | $11.2M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 0.40% | 52,541 | $11.1M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 113,414 | $10.9M | Reduce -21.4% |
| APH Amphenol Corp. Class A | 0.39% | 165,977 | $10.8M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.38% | 12,091 | $10.7M | Add +0.3% |
| IQV Iqvia Holdings Inc. | 0.38% | 45,155 | $10.7M | Reduce -0.1% |
| CVE Cenovus Energy Inc. | 0.38% | 469,180 | $10.6M | Reduce -0.7% |
| BALL Ball Corp. | 0.37% | 153,390 | $10.4M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.37% | 26,232 | $10.3M | Add +0.0% |
| INTU Intuit Inc. | 0.36% | 16,461 | $10.2M | Add +0.3% |
| CAE Cae Inc. | 0.36% | 396,693 | $10.1M | Add +0.5% |
| HON Honeywell International Inc. | 0.36% | 48,514 | $10.0M | Add +0.0% |
| WMT Walmart Inc. | 0.36% | 124,097 | $10.0M | Add +0.0% |
| BR Broadridge Financial Solutio | 0.36% | 46,339 | $10.0M | Reduce -0.1% |
| SLF Sun Life Financial Inc. | 0.35% | 126,576 | $9.9M | Reduce -16.9% |
| LOW Lowe's Cos Inc. | 0.35% | 35,909 | $9.7M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.34% | 16,591 | $9.5M | Add +0.0% |
| SCHW Schwab (charles) Corp. | 0.33% | 143,891 | $9.3M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 41,478 | $9.2M | Add +0.0% |
| MEOH Methanex Corp. | 0.32% | 160,195 | $9.0M | Add +0.0% |
| AKAM Akamai Technologies Inc. | 0.31% | 85,765 | $8.7M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 0.31% | 46,186 | $8.6M | Add +0.0% |
| BDX Becton Dickinson and Co. | 0.30% | 35,328 | $8.5M | Reduce -0.1% |
| MDLZ Mondelez International Inc. Class A | 0.30% | 112,953 | $8.4M | Add +0.3% |
| LIN Linde PLC | 0.29% | 17,245 | $8.2M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.29% | 49,325 | $8.2M | Add +0.0% |
| DD Dupont DE Nemours Inc. | 0.29% | 91,027 | $8.1M | Add +0.0% |
| NVDA Nvidia Corp. | 0.28% | 65,132 | $7.9M | Add +0.0% |
| FFIV F5 Inc. | 0.28% | 35,074 | $7.7M | Add +18.2% |
| SBUX Starbucks Corp. | 0.28% | 79,256 | $7.7M | Add +0.0% |
| MIDD Middleby Corp. | 0.27% | 55,039 | $7.7M | Reduce -4.5% |
| WAB Wabtec Corp. | 0.27% | 41,051 | $7.5M | Add +416.4% |
| MA Mastercard Inc. Class A | 0.26% | 15,022 | $7.4M | Add +0.0% |
| FDX FedEx Corp. | 0.26% | 26,795 | $7.4M | Add +0.0% |
| GPN Global Payments Inc. | 0.26% | 70,327 | $7.2M | Reduce -0.5% |
| T AT&T Inc. | 0.26% | 327,003 | $7.2M | Add +0.0% |
| HD Home Depot Inc. | 0.26% | 17,712 | $7.2M | Add +0.0% |
| EMR Emerson Electric Co. | 0.26% | 65,580 | $7.2M | Add +0.0% |
| RIO Rio Tinto PLC-Spon ADR | 0.26% | 100,668 | $7.2M | Add +0.0% |
| BHP BHP Group Ltd.-Spon ADR | 0.26% | 112,552 | $7.2M | Add +0.0% |
| ABT Abbott Laboratories | 0.25% | 62,105 | $7.1M | Add +0.0% |
| LKQ LKQ Corp. | 0.25% | 177,010 | $7.1M | Add +14.7% |
| DEO Diageo PLC-Sponsored ADR | 0.25% | 49,184 | $7.0M | Add +0.1% |
| FTV Fortive Corp. | 0.25% | 88,573 | $7.0M | Reduce -10.1% |
| KO The Coca-Cola Co. | 0.24% | 94,401 | $6.8M | Add +0.0% |
| MCD McDonald's Corp. | 0.24% | 22,420 | $6.8M | Add +0.0% |
| JNJ Johnson & Johnson | 0.24% | 41,926 | $6.8M | Add +0.0% |
| SYK Stryker Corp. | 0.24% | 18,754 | $6.8M | Add +0.3% |
| CHD Church & Dwight Co. Inc. | 0.24% | 64,737 | $6.8M | Add +14.1% |
Portfolio Sells Q2 2024 → Q3 2024
| BMO Bank of Montreal | Reduce -16.3% | 3.14% | −0.74 |
| RCI Rogers Communications Inc. Class B | Reduce -17.8% | 1.17% | −0.28 |
| CCJ Cameco Corp. | Reduce -2.8% | 1.59% | −0.28 |
| INTC Intel Corp. | Sold out | 0.00% | −0.25 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.20 |
| OTEX Open Text Corp. | Reduce -26.4% | 0.53% | −0.19 |
| UPS United Parcel Service Class B | Reduce -42.8% | 0.21% | −0.19 |
| DIS The Walt Disney Co. | Reduce -21.4% | 0.39% | −0.17 |
| QSR Restaurant Brands Intern | Reduce -0.4% | 1.33% | −0.12 |
| CVE Cenovus Energy Inc. | Reduce -0.7% | 0.38% | −0.12 |
| BCE Bce Inc. | Reduce -6.1% | 1.13% | −0.12 |
| MGA Magna International Inc. | Reduce -4.8% | 0.54% | −0.10 |
| FTS Fortis Inc. | Reduce -17.8% | 0.41% | −0.06 |
| DSGX The Descartes Systems Grp | Reduce -0.5% | 1.06% | −0.06 |
| APH Amphenol Corp. Class A | Reduce -0.1% | 0.39% | −0.05 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -0.7% | 0.53% | −0.05 |
| MFC Manulife Financial Corp. | Reduce -2.1% | 2.06% | −0.05 |
| SLF Sun Life Financial Inc. | Reduce -16.9% | 0.35% | −0.05 |
| FTV Fortive Corp. | Reduce -10.1% | 0.25% | −0.04 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.5% | 1.25% | −0.03 |
| TU Telus Corp. | Reduce -60.8% | 0.01% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -0.1% | 0.30% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -0.0% | 0.50% | −0.02 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.01 |
| GPN Global Payments Inc. | Reduce -0.5% | 0.26% | −0.01 |
| AEM Agnico Eagle Mines Ltd. | Reduce -30.6% | 0.03% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -3.9% | 0.17% | −0.01 |
| IMO Imperial Oil Ltd. | Reduce -18.4% | 0.02% | −0.00 |
| MIDD Middleby Corp. | Reduce -4.5% | 0.27% | −0.00 |
| LIN Linde PLC | Reduce -0.1% | 0.29% | −0.00 |
| BR Broadridge Financial Solutio | Reduce -0.1% | 0.36% | −0.00 |
| MAG Mag Silver Corp. | Reduce -4.0% | 0.01% | +0.00 |
| AKAM Akamai Technologies Inc. | Reduce -0.0% | 0.31% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.1% | 0.40% | +0.01 |
| IQV Iqvia Holdings Inc. | Reduce -0.1% | 0.38% | +0.01 |
| BALL Ball Corp. | Reduce -0.1% | 0.37% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.1% | 0.53% | +0.02 |
| FISV Fiserv Inc. | Reduce -0.2% | 0.46% | +0.04 |
| RMD Resmed Inc. | Reduce -0.0% | 0.51% | +0.07 |
| GIB Cgi Inc. | Reduce -0.1% | 2.25% | +0.08 |
| BNS Bank of Nova Scotia | Reduce -3.6% | 2.97% | +0.09 |
| TRP TC Energy Corp. | Reduce -5.7% | 2.31% | +0.13 |
| B Barrick Gold Corp. | Reduce -0.7% | 2.29% | +0.14 |
| RY Royal Bank of Canada | Reduce -2.1% | 4.70% | +0.15 |
| SHOP Shopify Inc. Class A | Reduce -0.3% | 3.49% | +0.28 |
Portfolio Buys Q2 2024 → Q3 2024
| BN Brookfield Corp. | Add +5.1% | 4.82% | +0.83 |
| FNV Franco-Nevada Corp. | Add +106.3% | 1.29% | +0.63 |
| CM Can Imperial BK of Commerce | Add +25.8% | 1.54% | +0.48 |
| BIP Brookfield Infrastructure Pa | Add +588.5% | 0.50% | +0.44 |
| CIGI Colliers Intl GR-Subord Vot | Add +6.3% | 1.20% | +0.27 |
| WPM Wheaton Precious Metals Corp. | Add +2.9% | 3.71% | +0.27 |
| ENB Enbridge Inc. | Add +4.5% | 3.24% | +0.22 |
| WAB Wabtec Corp. | Add +416.4% | 0.27% | +0.22 |
| TD Toronto-Dominion Bank | Add +0.9% | 4.72% | +0.20 |
| CP Canadian Pacific Kansas City | Add +8.2% | 3.46% | +0.19 |
| AVGO Broadcom Inc. | Add +15.7% | 1.56% | +0.18 |
| BAM Brookfield Asset Mgmt-A | Add +6.9% | 0.74% | +0.12 |
| FFIV F5 Inc. | Add +18.2% | 0.28% | +0.08 |
| NKE Nike Inc. Class B | Add +11.0% | 0.49% | +0.08 |
| GIL Gildan Activewear Inc. | Add +0.5% | 0.48% | +0.05 |
| IBM Intl Business Machines Corp. | Add +0.0% | 0.33% | +0.05 |
| LOW Lowe's Cos Inc. | Add +0.3% | 0.35% | +0.04 |
| UNP Union Pacific Corp. | Add +19.1% | 0.23% | +0.04 |
| SBUX Starbucks Corp. | Add +0.0% | 0.28% | +0.03 |
| PBA Pembina Pipeline Corp. | Add +2.6% | 1.24% | +0.03 |
| WMT Walmart Inc. | Add +0.0% | 0.36% | +0.03 |
| GRP.U Granite Real Estate Investme | Add +2.9% | 0.23% | +0.03 |
| CAT Caterpillar Inc. | Add +0.0% | 0.37% | +0.02 |
| MCD McDonald's Corp. | Add +0.0% | 0.24% | +0.02 |
| PNC PNC Financial Services Group | Add +0.3% | 0.23% | +0.02 |
| HD Home Depot Inc. | Add +0.0% | 0.26% | +0.02 |
| T AT&T Inc. | Add +0.0% | 0.26% | +0.01 |
| CHD Church & Dwight Co. Inc. | Add +14.1% | 0.24% | +0.01 |
| AAPL Apple Inc. | Add +0.2% | 1.20% | +0.01 |
| META Meta Platforms Inc. Class A | Add +0.0% | 0.34% | +0.01 |
| MDT Medtronic PLC | Add +0.0% | 0.21% | +0.01 |
| V Visa Inc. Class A | Add +6.0% | 0.79% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +0.3% | 0.30% | +0.01 |
| DEO Diageo PLC-Sponsored ADR | Add +0.1% | 0.25% | +0.01 |
| KO The Coca-Cola Co. | Add +0.0% | 0.24% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.0% | 0.26% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.22% | +0.00 |
| LSPD Lightspeed Commerce Inc. | Add +3.7% | 0.04% | +0.00 |
| DE Deere & Co. | Add +0.0% | 0.24% | +0.00 |
| BHP BHP Group Ltd.-Spon ADR | Add +0.0% | 0.26% | +0.00 |
| OR Osisko Gold Royalties Ltd. | Add +3.7% | 0.03% | +0.00 |
| DD Dupont DE Nemours Inc. | Add +0.0% | 0.29% | +0.00 |
| JNJ Johnson & Johnson | Add +0.0% | 0.24% | +0.00 |
| TAP Molson Coors Beverage Co. Class B | Add +4.4% | 0.03% | +0.00 |
| LKQ LKQ Corp. | Add +14.7% | 0.25% | +0.00 |
| F Ford Motor Co. | Add +30.6% | 0.22% | +0.00 |
| ABT Abbott Laboratories | Add +0.0% | 0.25% | −0.00 |
| NVEI Nuvei Corp.-Subordinate VTG | Add +3.7% | 0.04% | −0.00 |
| RIO Rio Tinto PLC-Spon ADR | Add +0.0% | 0.26% | −0.00 |
| DOO BRP Inc./Ca- Sub Voting | Add +3.7% | 0.03% | −0.01 |
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 |