Alberta Investment Management Corp
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 17, 2026), Alberta Investment Management Corp reported 399 stock positions worth $12.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 28.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 13.0%) and Vanguard S&P 500 ETF (VOO, 7.9%). Compared with Q2 2025, it opened 95 new positions, sold out of 167, added to 90 and reduced 94. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +13%) and the biggest sale Royal Bank of Canada (RY, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- EDMONTON, A0
- CIK
- 0001463559
- Portfolio Value
- $12.4B (Q3 2025)
- SEC Filing
- 0001123292-26-000178 ↗ filed Feb 17, 2026
Holdings Value
Holdings 399 stocks · $12.4B
| IVV iShares Core S&P 500 ETF | 28.38% | 5,251,658 | $3.5B | Add +12.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 12.95% | 2,408,030 | $1.6B | Reduce -2.9% |
| VOO Vanguard S&P 500 ETF | 7.88% | 1,594,262 | $976.3M | Add +39.2% |
| RY Royal Bank of Canada | 2.15% | 1,802,887 | $265.7M | Reduce -24.6% |
| AEM Agnico Eagle Mines Ltd. | 1.59% | 1,168,914 | $196.8M | Reduce -19.4% |
| TD Toronto-Dominion Bank | 1.57% | 2,428,500 | $194.1M | Reduce -22.5% |
| BN Brookfield Corp. | 1.31% | 2,364,068 | $162.2M | Reduce -19.0% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.17% | 1,108,500 | $144.4M | Reduce -25.2% |
| ENB Enbridge Inc. | 1.13% | 2,773,155 | $139.9M | Reduce -17.9% |
| GOOGL Alphabet Inc. Class A | 0.85% | 434,101 | $105.5M | Reduce -8.6% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.80% | 1,541,200 | $99.6M | Reduce -27.5% |
| CVE Cenovus Energy Inc. | 0.74% | 5,412,600 | $91.9M | Reduce -1.0% |
| SEE Sealed Air Corp. | 0.72% | 2,537,300 | $89.7M | Add +10.9% |
| META Meta Platforms Inc. Class A | 0.71% | 120,200 | $88.3M | Add +0.2% |
| SU Suncor Energy Inc. | 0.71% | 2,104,500 | $88.0M | Reduce -26.3% |
| MFC Manulife Financial Corp. | 0.69% | 2,757,900 | $85.9M | Reduce -11.5% |
| CP Canadian Pacific Kansas City | 0.68% | 1,131,500 | $84.3M | Reduce -29.5% |
| CNQ Canadian Natural Resources | 0.66% | 2,572,800 | $82.2M | Reduce -35.4% |
| MCHI iShares MSCI China ETF | 0.66% | 1,239,380 | $81.6M | Reduce -23.4% |
| NVDA Nvidia Corp. | 0.59% | 393,476 | $73.4M | Add +12.8% |
| YUMC Yum China Holdings Inc. | 0.57% | 1,640,100 | $70.4M | Reduce -1.7% |
| CNI Canadian Natl Railway Co. | 0.55% | 722,600 | $68.1M | Reduce -29.5% |
| SLF Sun Life Financial Inc. | 0.53% | 1,102,300 | $66.2M | Reduce -15.1% |
| GIB Cgi Inc. | 0.52% | 726,300 | $64.7M | Reduce -2.6% |
| GIL Gildan Activewear Inc. | 0.51% | 1,097,696 | $63.4M | Reduce -9.9% |
| JBS JBS NV-A | 0.51% | 4,234,300 | $63.2M | Add +205.9% |
| FCNCA First Citizens Bcshs Class A | 0.47% | 32,476 | $58.1M | Add +14.4% |
| LLYVA Liberty Media Corp.-Liberty-A | 0.45% | 594,000 | $56.0M | Reduce -33.2% |
| QSR Restaurant Brands Intern | 0.45% | 866,100 | $55.5M | Reduce -19.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.45% | 628,000 | $55.3M | Reduce -7.4% |
| TRP TC Energy Corp. | 0.44% | 1,007,338 | $54.8M | Reduce -38.0% |
| MSFT Microsoft Corp. | 0.44% | 105,223 | $54.5M | Add +4.5% |
| AAPL Apple Inc. | 0.44% | 213,100 | $54.3M | Reduce -13.9% |
| STN Stantec Inc. | 0.43% | 494,900 | $53.4M | Reduce -6.8% |
| AXP American Express Co. | 0.42% | 155,000 | $51.5M | Reduce -11.9% |
| CIGI Colliers Intl GR-Subord Vot | 0.41% | 325,200 | $50.8M | No change |
| AXS Axis Capital Holdings Ltd. | 0.41% | 530,000 | $50.8M | No change |
| CHRW C.H. Robinson Worldwide Inc. | 0.40% | 377,075 | $49.9M | Reduce -24.4% |
| TECK Teck Resources Ltd.-CLS B | 0.40% | 1,136,246 | $49.8M | Reduce -40.6% |
| GILD Gilead Sciences Inc. | 0.40% | 442,000 | $49.1M | Reduce -9.5% |
| SHOP Shopify Inc. Class A | 0.38% | 314,200 | $46.7M | Reduce -60.9% |
| RTO Rentokil Initial PLC-SP ADR | 0.37% | 1,794,900 | $45.3M | No change |
| VSTS Vestis Corp. | 0.35% | 9,692,000 | $43.9M | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.35% | 730,000 | $43.5M | Add +30.4% |
| WTW Willis Towers Watson PLC | 0.35% | 125,000 | $43.2M | No change |
| FRPT Freshpet Inc. | 0.34% | 759,600 | $41.9M | New |
| CFR Cullen/Frost Bankers Inc. | 0.34% | 330,000 | $41.8M | Add +10.0% |
| MAN Manpowergroup Inc. | 0.32% | 1,059,100 | $40.1M | Add +772.9% |
| SPB Spectrum Brands Holdings Inc. | 0.32% | 751,469 | $39.5M | No change |
| MEOH Methanex Corp. | 0.32% | 992,000 | $39.4M | Add +21.4% |
| CNC Centene Corp. | 0.31% | 1,075,000 | $38.4M | Add +22.1% |
| GFL GFL Environmental Inc.-Sub VT | 0.29% | 770,000 | $36.5M | Reduce -16.9% |
| FTW Eqv Ventures Acquisition C-A | 0.29% | 3,450,000 | $35.8M | No change |
| LEA Lear Corp. | 0.29% | 355,449 | $35.8M | No change |
| NTR Nutrien Ltd. | 0.29% | 608,300 | $35.7M | Reduce -33.4% |
| GEN Gen Digital Inc. | 0.29% | 1,250,000 | $35.5M | No change |
| ATS Ats Corp. | 0.28% | 1,340,265 | $35.1M | Add +74.6% |
| AMZN Amazon.com Inc. | 0.28% | 159,040 | $34.9M | Add +3.1% |
| BAM Brookfield Asset Mgmt-A | 0.28% | 612,467 | $34.8M | Reduce -18.6% |
| SIRI Sirius XM Holdings Inc. | 0.28% | 1,486,226 | $34.6M | No change |
| TXNM TXNM Energy Inc. | 0.27% | 600,000 | $33.9M | Add +20.0% |
| AVGO Broadcom Inc. | 0.22% | 81,300 | $26.8M | Add +53.1% |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 0.21% | 2,475,000 | $26.1M | No change |
| REXR Rexford Industrial Realty Inc. | 0.20% | 612,204 | $25.2M | Add +38.8% |
| STLA Stellantis NV | 0.20% | 2,630,000 | $24.3M | Reduce -5.9% |
| B Barrick Mining Corp. | 0.19% | 726,900 | $23.9M | Reduce -33.5% |
| ALE Allete Inc. | 0.19% | 357,202 | $23.7M | Add +26.6% |
| KW Kennedy-Wilson Holdings Inc. | 0.19% | 2,845,077 | $23.7M | Add +7.3% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.19% | 630,000 | $23.5M | Add +2522.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.17% | 261,100 | $20.9M | Reduce -57.6% |
| LW Lamb Weston Holdings Inc. | 0.17% | 358,400 | $20.8M | Reduce -8.5% |
| TBN Tamboran Resources Corp. | 0.17% | 758,680 | $20.8M | No change |
| FUN Six Flags Entertainment Corp. | 0.17% | 913,000 | $20.7M | Add +51.9% |
| POLE Andretti Acquisition Corp. Class A | 0.17% | 1,980,000 | $20.7M | No change |
| HHH Howard Hughes Holdings Inc. | 0.17% | 249,000 | $20.5M | No change |
| GTEN Gores Holdings X Inc. Class A | 0.17% | 2,000,000 | $20.4M | No change |
| FR First Industrial Realty TR | 0.16% | 393,302 | $20.2M | No change |
| CRM Salesforce Inc. | 0.16% | 84,500 | $20.0M | Add +75.7% |
| INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X | 0.16% | 1,500,000 | $19.3M | New |
| GOOG Alphabet Inc. Class C | 0.15% | 75,800 | $18.5M | Reduce -0.8% |
| AMH American Homes 4 Rent- A | 0.15% | 555,000 | $18.5M | No change |
| PBA Pembina Pipeline Corp. | 0.15% | 454,500 | $18.4M | No change |
| DLR Digital Realty Trust Inc. | 0.15% | 106,000 | $18.3M | No change |
| VACH Voyager Acquisition Corp. | 0.15% | 1,750,000 | $18.3M | No change |
| MSM MSC Industrial Direct Co. Class A | 0.15% | 197,500 | $18.2M | No change |
| DFIN Donnelley Financial Solution | 0.15% | 350,000 | $18.0M | Add +75.0% |
| KVUE Kenvue Inc. | 0.14% | 1,106,716 | $18.0M | Add +23.8% |
| KGC Kinross Gold Corp. | 0.14% | 718,600 | $17.8M | Reduce -23.6% |
| INFA Informatica Inc. Class A | 0.14% | 700,000 | $17.4M | Add +103.8% |
| GPAT GP-Act III Acquisition-A | 0.14% | 1,625,000 | $17.2M | No change |
| LBRDK Liberty Broadband-C | 0.14% | 270,000 | $17.2M | Add +124.8% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.13% | 1,491,431 | $16.1M | Add +2021.5% |
| SONY Sony Group Corp. - SP ADR | 0.13% | 550,000 | $15.8M | No change |
| CCIX Churchill Capital Corp. Ix | 0.13% | 1,500,000 | $15.7M | No change |
| BEAG Bold Eagle Acquisition Cor-A | 0.13% | 1,500,000 | $15.6M | No change |
| PMTR Perimeter Acquis Corp. I Class A | 0.12% | 1,500,000 | $15.4M | No change |
| STUB Stubhub Holdings Inc. Class A | 0.12% | 906,000 | $15.3M | New |
| TSLA Tesla Inc. | 0.12% | 34,200 | $15.2M | Add +3.0% |
| MBVIU M3-Brigade Acquisition Vi Co. | 0.12% | 1,450,000 | $14.7M | New |
| CYBR Cyberark Software Ltd./Israel | 0.11% | 29,212 | $14.1M | Add +668.7% |
Options reported separately and not counted above: SPY puts ($199.9M), RKT puts ($2.1M).
Other holdings (105): bonds, preferreds, convertibles and warrants · $1.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 45,000,000 | $144.1M | Add +50.0% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 30,000,000 | $134.3M | No change |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 40,000,000 | $96.6M | Add +14.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 32,500,000 | $93.2M | Add +18.2% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 42,500,000 | $68.9M | Add +13.3% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 35,000,000 | $49.3M | Add +40.0% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 33,500,000 | $46.4M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 25,000,000 | $46.0M | New |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 22,500,000 | $42.6M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 27,500,000 | $41.8M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 25,000,000 | $41.3M | No change |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 30,000,000 | $38.5M | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 32,500,000 | $37.4M | Add +62.5% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 27,000,000 | $36.4M | Add +12.5% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 14,500,000 | $36.3M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 21,000,000 | $34.2M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 30,000,000 | $33.7M | Add +9.1% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 22,000,000 | $31.8M | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 30,000,000 | $29.6M | Add +33.3% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 25,000,000 | $28.5M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 25,000,000 | $26.9M | No change |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 25,000,000 | $26.2M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 400,000 | $23.6M | No change |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 25,000,000 | $23.3M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 16,500,000 | $21.9M | No change |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 10,000,000 | $19.3M | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 300,000 | $16.5M | No change |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 15,000,000 | $15.6M | New |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 12,500,000 | $15.5M | New |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 10,000,000 | $12.9M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 175,000 | $12.3M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 300,000 | $11.8M | No change |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 10,000,000 | $10.0M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 10,000,000 | $9.7M | No change |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 5,000,000 | $7.4M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 5,000,000 | $6.2M | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 100,000 | $5.2M | Reduce -66.7% |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 660,000 | $2.7M | New |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 1,237,500 | $1.5M | No change |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 375,000 | $1.3M | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 850,000 | $905K | New |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 490,000 | $784K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 1,150,000 | $575K | No change |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 250,000 | $528K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 750,000 | $510K | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 750,000 | $450K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 1,500,000 | $405K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 300,000 | $390K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 500,000 | $380K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 750,000 | $330K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 600,000 | $312K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 375,000 | $293K | No change |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 980,000 | $235K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 326,666 | $216K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 812,500 | $211K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 100,000 | $210K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 375,000 | $203K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 990,000 | $198K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 1,237,500 | $186K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 416,666 | $183K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 490,000 | $181K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 700,000 | $174K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 490,000 | $162K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 600,000 | $161K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 875,000 | $149K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 980,000 | $147K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 700,000 | $147K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 375,000 | $146K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 750,000 | $143K | No change |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 387,500 | $140K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 375,000 | $139K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 750,000 | $135K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 500,000 | $133K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 200,000 | $126K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 275,000 | $124K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 700,000 | $119K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 250,000 | $114K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 175,000 | $114K | No change |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 62,500 | $111K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 200,000 | $100K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 125,000 | $94K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 250,000 | $87K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 125,000 | $84K | No change |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 250,000 | $84K | No change |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 375,000 | $83K | No change |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 250,000 | $75K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 100,000 | $75K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 200,000 | $74K | No change |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 350,000 | $74K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 125,290 | $68K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 250,000 | $68K | No change |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 225,000 | $63K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 300,000 | $55K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 75,000 | $45K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 175,000 | $44K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 100,000 | $40K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 200,000 | $39K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 125,000 | $35K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 162,500 | $25K | No change |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 141,065 | $20K | No change |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 250,000 | $10K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 50,000 | $9K | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 840,998 | $8K | No change |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 250,000 | $4K | No change |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | 35,677 | $2K | New |
Total filed on the 13F, all lines: $13.8B.
Portfolio Sells Q2 2025 → Q3 2025
| RY Royal Bank of Canada | Reduce -24.6% | 2.15% | −0.53 |
| SHOP Shopify Inc. Class A | Reduce -60.9% | 0.38% | −0.41 |
| CP Canadian Pacific Kansas City | Reduce -29.5% | 0.68% | −0.40 |
| CNQ Canadian Natural Resources | Reduce -35.4% | 0.66% | −0.40 |
| TD Toronto-Dominion Bank | Reduce -22.5% | 1.57% | −0.39 |
| BLCO Bausch + Lomb Corp. | Sold out | 0.00% | −0.36 |
| CNI Canadian Natl Railway Co. | Reduce -29.5% | 0.55% | −0.36 |
| TECK Teck Resources Ltd.-CLS B | Reduce -40.6% | 0.40% | −0.25 |
| TRP TC Energy Corp. | Reduce -38.0% | 0.44% | −0.23 |
| BMO Bank of Montreal | Reduce -25.2% | 1.17% | −0.23 |
| BN Brookfield Corp. | Reduce -19.0% | 1.31% | −0.23 |
| WCN Waste Connections Inc. | Reduce -80.4% | 0.05% | −0.22 |
| WPM Wheaton Precious Metals Corp. | Reduce -87.9% | 0.04% | −0.21 |
| CM Can Imperial BK of Commerce | Reduce -57.6% | 0.17% | −0.20 |
| SLF Sun Life Financial Inc. | Reduce -15.1% | 0.53% | −0.20 |
| SU Suncor Energy Inc. | Reduce -26.3% | 0.71% | −0.20 |
| BNS Bank of Nova Scotia | Reduce -27.5% | 0.80% | −0.19 |
| UNH Unitedhealth Group Inc. | Reduce -98.8% | 0.00% | −0.19 |
| FNV Franco-Nevada Corp. | Reduce -93.4% | 0.02% | −0.18 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.17 |
| ENB Enbridge Inc. | Reduce -17.9% | 1.13% | −0.17 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.17 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.17 |
| NTR Nutrien Ltd. | Reduce -33.4% | 0.29% | −0.16 |
| QSR Restaurant Brands Intern | Reduce -19.1% | 0.45% | −0.15 |
| MFC Manulife Financial Corp. | Reduce -11.5% | 0.69% | −0.15 |
| LLYVA Liberty Media Corp.-Liberty-A | Reduce -33.2% | 0.45% | −0.15 |
| GIB Cgi Inc. | Reduce -2.6% | 0.52% | −0.14 |
| HES Hess Corp. | Sold out | 0.00% | −0.14 |
| TU Telus Corp. | Sold out | 0.00% | −0.14 |
| NWSA News Corp. Class A | Sold out | 0.00% | −0.14 |
| LILAK Liberty Latin Americ Class C | Sold out | 0.00% | −0.14 |
| CCJ Cameco Corp. | Reduce -70.4% | 0.06% | −0.14 |
| SPHR Sphere Entertainment Co. | Sold out | 0.00% | −0.13 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.13 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.12 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −0.11 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -16.9% | 0.29% | −0.10 |
| CNNE Cannae Holdings Inc. | Sold out | 0.00% | −0.10 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.10 |
| BCE Bce Inc. | Sold out | 0.00% | −0.10 |
| MCHI iShares MSCI China ETF | Reduce -23.4% | 0.66% | −0.10 |
| DAVA Endava PLC- Spon ADR | Reduce -26.3% | 0.07% | −0.10 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.10 |
| WOW Wideopenwest Inc. | Sold out | 0.00% | −0.09 |
| IMO Imperial Oil Ltd. | Sold out | 0.00% | −0.08 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Reduce -18.6% | 0.28% | −0.07 |
| K Kellanova | Reduce -50.0% | 0.07% | −0.07 |
| FDX FedEx Corp. | Reduce -93.4% | 0.00% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +12.8% | 28.38% | +3.83 |
| VOO Vanguard S&P 500 ETF | Add +39.2% | 7.88% | +2.36 |
| JBS JBS NV-A | Add +205.9% | 0.51% | +0.34 |
| FRPT Freshpet Inc. | New | 0.34% | +0.34 |
| MAN Manpowergroup Inc. | Add +772.9% | 0.32% | +0.28 |
| GLIBK Liberty Capital Corp. Class C | Add +2522.8% | 0.19% | +0.18 |
| INFQ Infleqtion Inc. | New | 0.16% | +0.16 |
| NVDA Nvidia Corp. | Add +12.8% | 0.59% | +0.12 |
| ORLA Orla Mining Ltd. | Add +2021.5% | 0.13% | +0.12 |
| STUB Stubhub Holdings Inc. Class A | New | 0.12% | +0.12 |
| SEE Sealed Air Corp. | Add +10.9% | 0.72% | +0.12 |
| MBVIU M3-Brigade Acquisition Vi Co. | New | 0.12% | +0.12 |
| EVAC.U Eqv Ventures Acquisition Cor | New | 0.11% | +0.11 |
| HVMCU Highview Merger Corp. | New | 0.10% | +0.10 |
| MH McGraw Hill Inc. | New | 0.10% | +0.10 |
| CYBR Cyberark Software Ltd./Israel | Add +668.7% | 0.11% | +0.10 |
| AEXA American Exceptionalism Class A | New | 0.10% | +0.10 |
| EA Electronic Arts Inc. | Add +1704.0% | 0.10% | +0.09 |
| AVGO Broadcom Inc. | Add +53.1% | 0.22% | +0.09 |
| TLNCU Talon Capital Corp. | New | 0.09% | +0.09 |
| MEOH Methanex Corp. | Add +21.4% | 0.32% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | Add +2082.1% | 0.09% | +0.09 |
| OTIS Otis Worldwide Corp. | Add +4636.0% | 0.09% | +0.09 |
| SVACU Spring Valley Acquisition Co. | New | 0.08% | +0.08 |
| AL Sumisho Air Lease Corp. | New | 0.08% | +0.08 |
| ATS Ats Corp. | Add +74.6% | 0.28% | +0.08 |
| ACI Albertsons Cos Inc. Class A | New | 0.07% | +0.07 |
| LGN Legence Corp. Class A | New | 0.07% | +0.07 |
| CHTR Charter Communications Inc. Class A | New | 0.07% | +0.07 |
| NIQ Niq Global Intelligence PLC | New | 0.07% | +0.07 |
| REXR Rexford Industrial Realty Inc. | Add +38.8% | 0.20% | +0.07 |
| INFA Informatica Inc. Class A | Add +103.8% | 0.14% | +0.07 |
| CEPF Cantor Equity Partners Class A | New | 0.06% | +0.06 |
| PAII.U Pyrophyte Acquisition Corp. I | New | 0.06% | +0.06 |
| LATAU Galata Acquisition Corp. II | New | 0.06% | +0.06 |
| TXN Texas Instruments Inc. | New | 0.06% | +0.06 |
| APP AppLovin Corp. Class A | Add +395.4% | 0.06% | +0.06 |
| ACN Accenture PLC Class A | New | 0.06% | +0.06 |
| RBA RB Global Inc. | Add +243.6% | 0.08% | +0.05 |
| CRM Salesforce Inc. | Add +75.7% | 0.16% | +0.05 |
| CEG Constellation Energy | New | 0.05% | +0.05 |
| BX Blackstone Inc. | New | 0.05% | +0.05 |
| TIXT Telus International Cda Inc. | Add +669.2% | 0.05% | +0.05 |
| VRT Vertiv Holdings Co. Class A | New | 0.05% | +0.05 |
| STX Seagate Technology Holdings | New | 0.05% | +0.05 |
| SHCO Soho House & Co. Inc. | New | 0.05% | +0.05 |
| WNS WNS Holdings Ltd. | New | 0.05% | +0.05 |
| PCG P G & E Corp. | Add +2017.7% | 0.05% | +0.05 |
| HCMAU HCM III Acquisition Corp. | New | 0.05% | +0.05 |
| FCX Freeport-McMoran Inc. | New | 0.04% | +0.04 |
Options Activity Q2 2025 → Q3 2025
| RKT Rocket Cos Inc. Class A | put | New | 110,000 | $2.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +50.0% | 45,000,000 | $144.1M |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | Add +14.3% | 40,000,000 | $96.6M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +18.2% | 32,500,000 | $93.2M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +13.3% | 42,500,000 | $68.9M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +40.0% | 35,000,000 | $49.3M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 25,000,000 | $46.0M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 27,500,000 | $41.8M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | Add +62.5% | 32,500,000 | $37.4M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | Add +12.5% | 27,000,000 | $36.4M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | Sold out | 30,000,000 | $35.6Mbefore exit |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | New | 21,000,000 | $34.2M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +9.1% | 30,000,000 | $33.7M |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | New | 22,000,000 | $31.8M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Add +33.3% | 30,000,000 | $29.6M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | New | 15,000,000 | $15.6M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | New | 12,500,000 | $15.5M |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | New | 10,000,000 | $10.0M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -66.7% | 100,000 | $5.2M |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | New | 660,000 | $2.7M |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Sold out | 850,000 | $935Kbefore exit |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | New | 850,000 | $905K |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | New | 250,000 | $114K |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | New | 35,677 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 463 | $15.6B | IVV, VOO, TD, RY, SPY |
| Q1 2026 | 411 | $14.6B | IVV, VOO, CNQ, TD, RY |
| Q4 2025Amended | 609 | $15.0B | IVV, VOO, SPY, RY, TD |
| Q3 2025Amended | 399 | $12.4B | IVV, SPY, VOO, RY, AEM |
| Q2 2025Amended | 471 | $11.8B | IVV, SPY, VOO, RY, TD |
| Q1 2025 | 700 | $13.9B | IVV, SPY, RY, TD, BN |
| Q4 2024 | 747 | $14.3B | IVV, SPY, RY, BN, TD |
| Q3 2024 | 713 | $11.0B | IVV, SPY, RY, TD, BN |
| Q2 2024 | 647 | $9.0B | IVV, SPY, RY, CNQ, SU |
| Q1 2024 | 959 | $9.4B | IVV, RY, TD, SU, CNQ |