Alberta Investment Management Corp
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 19, 2026), Alberta Investment Management Corp reported 609 stock positions worth $15.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 32.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 8.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.6%). Compared with Q3 2025, it opened 267 new positions, sold out of 54, added to 123 and reduced 80. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +33%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- EDMONTON, A0
- CIK
- 0001463559
- Portfolio Value
- $15.0B (Q4 2025)
- SEC Filing
- 0001123292-26-000218 ↗ filed Feb 19, 2026
Holdings Value
Holdings 609 stocks · $15.0B
| IVV iShares Core S&P 500 ETF | 31.95% | 7,006,862 | $4.8B | Add +33.4% |
| VOO Vanguard S&P 500 ETF | 8.15% | 1,951,472 | $1.2B | Add +22.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.64% | 581,320 | $396.4M | Reduce -75.9% |
| RY Royal Bank of Canada | 2.16% | 1,901,887 | $324.2M | Add +5.5% |
| TD Toronto-Dominion Bank | 2.00% | 3,181,800 | $299.9M | Add +31.0% |
| AEM Agnico Eagle Mines Ltd. | 1.29% | 1,145,114 | $194.2M | Reduce -2.0% |
| BN Brookfield Corp. | 1.06% | 3,464,602 | $159.1M | Reduce -2.3% |
| NVDA Nvidia Corp. | 0.98% | 787,000 | $146.8M | Add +100.0% |
| GOOGL Alphabet Inc. Class A | 0.91% | 437,500 | $136.9M | Add +0.8% |
| ENB Enbridge Inc. | 0.88% | 2,773,155 | $132.7M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.86% | 1,000,300 | $129.9M | Reduce -9.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.81% | 1,641,000 | $121.0M | Add +6.5% |
| AAPL Apple Inc. | 0.71% | 392,200 | $106.6M | Add +84.0% |
| SEE Sealed Air Corp. | 0.70% | 2,537,300 | $105.1M | No change |
| MFC Manulife Financial Corp. | 0.67% | 2,757,900 | $100.1M | No change |
| SHOP Shopify Inc. Class A | 0.63% | 588,098 | $94.7M | Add +87.2% |
| SU Suncor Energy Inc. | 0.63% | 2,116,900 | $94.0M | Add +0.6% |
| CVE Cenovus Energy Inc. | 0.62% | 5,518,825 | $93.4M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 0.61% | 283,750 | $91.4M | Add +902.6% |
| TSLA Tesla Inc. | 0.56% | 187,800 | $84.5M | Add +449.1% |
| CP Canadian Pacific Kansas City | 0.55% | 1,125,000 | $82.8M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 0.52% | 119,100 | $78.6M | Reduce -0.9% |
| FCNCA First Citizens Bcshs Class A | 0.52% | 36,176 | $77.6M | Add +11.4% |
| MCHI iShares MSCI China ETF | 0.50% | 1,239,380 | $74.4M | No change |
| YUMC Yum China Holdings Inc. | 0.49% | 1,544,100 | $73.7M | Reduce -5.8% |
| CNI Canadian Natl Railway Co. | 0.47% | 718,500 | $71.1M | Reduce -0.6% |
| EXAS Exact Sciences Corp. | 0.47% | 688,000 | $69.9M | New |
| GIL Gildan Activewear Inc. | 0.46% | 1,116,596 | $69.8M | Add +1.7% |
| CNQ Canadian Natural Resources | 0.46% | 2,025,500 | $68.6M | Reduce -21.3% |
| JBS JBS NV-A | 0.44% | 4,622,500 | $66.7M | Add +9.2% |
| GIB Cgi Inc. | 0.43% | 700,500 | $64.7M | Reduce -3.5% |
| VSTS Vestis Corp. | 0.43% | 9,692,000 | $64.6M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.42% | 608,000 | $63.7M | Reduce -3.2% |
| CHRW C.H. Robinson Worldwide Inc. | 0.40% | 377,075 | $60.6M | No change |
| AVGO Broadcom Inc. | 0.40% | 174,000 | $60.2M | Add +114.0% |
| ADBE Adobe Inc. | 0.40% | 171,500 | $60.0M | Add +793.2% |
| TEAM Atlassian Corp. Class A | 0.39% | 365,400 | $59.2M | New |
| QSR Restaurant Brands Intern | 0.39% | 866,100 | $59.1M | No change |
| AXP American Express Co. | 0.39% | 158,200 | $58.5M | Add +2.1% |
| SLF Sun Life Financial Inc. | 0.39% | 927,400 | $57.9M | Reduce -15.9% |
| MSFT Microsoft Corp. | 0.38% | 119,286 | $57.7M | Add +13.4% |
| NFLX Netflix Inc. | 0.38% | 614,000 | $57.6M | Add +496.1% |
| KLAC KLA Corp. | 0.38% | 46,600 | $56.6M | Add +1403.2% |
| STN Stantec Inc. | 0.37% | 591,000 | $55.8M | Add +19.4% |
| TRP TC Energy Corp. | 0.37% | 1,010,638 | $55.7M | Add +0.3% |
| ISRG Intuitive Surgical Inc. | 0.36% | 96,000 | $54.4M | New |
| GILD Gilead Sciences Inc. | 0.36% | 442,000 | $54.3M | No change |
| SW Smurfit Westrock PLC | 0.36% | 1,395,636 | $54.0M | New |
| FRPT Freshpet Inc. | 0.35% | 861,300 | $52.5M | Add +13.4% |
| MSM MSC Industrial Direct Co. Class A | 0.35% | 619,600 | $52.1M | Add +213.7% |
| HOLX Hologic Inc. | 0.34% | 688,300 | $51.3M | New |
| CFR Cullen/Frost Bankers Inc. | 0.34% | 400,000 | $50.7M | Add +21.2% |
| RTO Rentokil Initial PLC-SP ADR | 0.32% | 1,645,500 | $48.5M | Reduce -8.3% |
| LLYVA Liberty Live Holdings Class A | 0.32% | 594,000 | $48.4M | No change |
| AXS Axis Capital Holdings Ltd. | 0.32% | 450,000 | $48.2M | Reduce -15.1% |
| CIGI Colliers Intl GR-Subord Vot | 0.32% | 325,200 | $47.8M | No change |
| TECK Teck Resources Ltd.-CLS B | 0.32% | 992,300 | $47.5M | Reduce -12.7% |
| WTW Willis Towers Watson PLC | 0.31% | 140,400 | $46.1M | Add +12.3% |
| CNC Centene Corp. | 0.31% | 1,113,500 | $45.8M | Add +3.6% |
| SPB Spectrum Brands Holdings Inc. | 0.30% | 751,469 | $44.4M | No change |
| MEOH Methanex Corp. | 0.29% | 1,111,000 | $44.1M | Add +12.0% |
| NTR Nutrien Ltd. | 0.28% | 687,200 | $42.4M | Add +13.0% |
| GEN Gen Digital Inc. | 0.28% | 1,550,000 | $42.1M | Add +24.0% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.28% | 645,100 | $41.3M | Reduce -11.6% |
| DFIN Donnelley Financial Solution | 0.27% | 879,600 | $41.1M | Add +151.3% |
| LEA Lear Corp. | 0.27% | 355,449 | $40.7M | No change |
| KW Kennedy-Wilson Holdings Inc. | 0.26% | 4,100,322 | $39.7M | Add +44.1% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.26% | 1,044,254 | $38.9M | Add +65.8% |
| AMZN Amazon.com Inc. | 0.26% | 167,500 | $38.7M | Add +5.3% |
| ATS Ats Corp. | 0.25% | 1,340,265 | $36.9M | No change |
| FTW Eqv Ventures Acquisition C-A | 0.24% | 3,450,000 | $36.2M | No change |
| TXNM TXNM Energy Inc. | 0.24% | 611,614 | $36.0M | Add +1.9% |
| INSM Insmed Inc. | 0.24% | 206,532 | $35.9M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.23% | 898,800 | $34.5M | Add +826.6% |
| GFL GFL Environmental Inc.-Sub VT | 0.22% | 770,000 | $33.1M | No change |
| MAN Manpowergroup Inc. | 0.21% | 1,059,100 | $31.5M | No change |
| GOOG Alphabet Inc. Class C | 0.21% | 98,544 | $30.9M | Add +30.0% |
| KBR KBR Inc. | 0.20% | 756,481 | $30.4M | New |
| HWM Howmet Aerospace Inc. | 0.20% | 145,800 | $29.9M | Add +390.9% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.19% | 450,000 | $28.9M | Add +200.0% |
| KVUE Kenvue Inc. | 0.19% | 1,661,616 | $28.7M | Add +50.1% |
| BAM Brookfield Asset Mgmt-A | 0.19% | 531,167 | $27.8M | Reduce -13.3% |
| GTLS Chart Industries Inc. | 0.18% | 133,900 | $27.6M | New |
| B Barrick Mining Corp. | 0.18% | 621,000 | $27.1M | Reduce -14.6% |
| NOW ServiceNow Inc. | 0.18% | 173,502 | $26.6M | New |
| REXR Rexford Industrial Realty Inc. | 0.18% | 685,504 | $26.5M | Add +12.0% |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 0.18% | 2,475,000 | $26.3M | No change |
| JCI Johnson Controls Internation | 0.17% | 214,800 | $25.7M | New |
| CRCL Circle Internet Group Inc. | 0.17% | 315,600 | $25.0M | New |
| EA Electronic Arts Inc. | 0.16% | 120,000 | $24.5M | Add +100.0% |
| RCL Royal Caribbean Cruises Ltd. | 0.16% | 87,700 | $24.5M | Add +896.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.16% | 261,100 | $23.7M | No change |
| TBN Tamboran Resources Corp. | 0.16% | 858,680 | $23.4M | Add +13.2% |
| LLY Eli Lilly & Co. | 0.15% | 21,250 | $22.8M | Add +96.8% |
| FR First Industrial Realty TR | 0.15% | 393,302 | $22.5M | No change |
| APTV Aptiv PLC | 0.14% | 277,400 | $21.1M | Add +387.5% |
| VRT Vertiv Holdings Co. Class A | 0.14% | 129,400 | $21.0M | Add +238.7% |
| FYBR Frontier Communications Pare | 0.14% | 549,907 | $20.9M | New |
| POLE Andretti Acquisition Corp. Class A | 0.14% | 1,980,000 | $20.9M | No change |
| GTEN Gores Holdings X Inc. Class A | 0.14% | 2,000,000 | $20.6M | No change |
Options reported separately and not counted above: SPY puts ($204.6M), RKT puts ($2.1M).
Other holdings (136): bonds, preferreds, convertibles and warrants · $1.7B (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 | $206.5M | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 30,000,000 | $123.9M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 32,500,000 | $109.2M | No change |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 40,000,000 | $101.7M | No change |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 24,750,000 | $68.3M | Add +10.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 42,500,000 | $61.9M | No change |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 40,000,000 | $59.6M | Add +81.8% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 35,000,000 | $57.4M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 30,000,000 | $50.5M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 30,000,000 | $46.6M | Add +20.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 35,000,000 | $46.5M | No change |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 30,000,000 | $42.5M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 25,000,000 | $42.5M | Add +19.1% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 14,500,000 | $41.5M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 27,500,000 | $41.0M | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 27,000,000 | $40.2M | No change |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 30,000,000 | $37.9M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 25,000,000 | $36.9M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 30,000,000 | $35.1M | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 25,000,000 | $29.9M | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 30,000,000 | $29.4M | No change |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 20,000,000 | $28.0M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 25,000,000 | $27.2M | No change |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 25,000,000 | $25.2M | No change |
| SILVERCORP METALS INC | NOTE 4.750%12/1 · principal | 12,000,000 | $24.5M | New |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 25,000,000 | $23.7M | No change |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 10,000,000 | $23.5M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 400,000 | $23.3M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 20,000,000 | $22.5M | Reduce -40.3% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 16,500,000 | $21.0M | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 20,000,000 | $20.3M | Reduce -38.5% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 300,000 | $16.5M | No change |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 15,000,000 | $16.4M | Add +20.0% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 12,500,000 | $13.8M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 175,000 | $13.2M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 300,000 | $12.3M | No change |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 10,000,000 | $11.6M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 10,000,000 | $9.8M | No change |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 10,000,000 | $7.1M | No change |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 5,000,000 | $6.3M | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 100,000 | $5.2M | No change |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 3,000,000 | $3.2M | New |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 375,000 | $2.9M | No change |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 660,000 | $2.3M | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 850,000 | $1.3M | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 1,237,500 | $1.1M | No change |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 490,000 | $882K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 1,150,000 | $552K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 750,000 | $551K | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 750,000 | $531K | No change |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 250,000 | $513K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 1,500,000 | $480K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 500,000 | $465K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 375,000 | $369K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 375,000 | $332K | No change |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 980,000 | $323K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 990,000 | $286K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 750,000 | $284K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 980,000 | $235K | No change |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 700,000 | $227K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 326,666 | $224K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 490,000 | $221K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 812,500 | $219K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 416,666 | $211K | No change |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 333,333 | $208K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 375,000 | $206K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 500,000 | $200K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 600,000 | $192K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 875,000 | $179K | No change |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 483,333 | $179K | Add +0.1% |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 700,000 | $175K | No change |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 387,500 | $174K | No change |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | 625,000 | $169K | No change |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 466,666 | $163K | New |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 1,237,500 | $161K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 100,000 | $155K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 490,000 | $155K | No change |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 375,000 | $150K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 700,000 | $147K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 175,000 | $138K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 750,000 | $131K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 400,000 | $130K | New |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 750,000 | $120K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 275,000 | $118K | No change |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 250,000 | $113K | No change |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 350,000 | $112K | New |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 275,000 | $110K | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 23,889 | $108K | New |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 125,000 | $106K | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 | 50,000 | $106K | New |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 250,000 | $105K | No change |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 150,000 | $105K | New |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 500,000 | $105K | No change |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 125,000 | $102K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 175,000 | $102K | No change |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 375,000 | $101K | New |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | 241,666 | $97K | No change |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 375,000 | $94K | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 300,000 | $93K | New |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 183,333 | $92K | New |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 131,250 | $89K | New |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 250,000 | $88K | New |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 350,000 | $88K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 250,000 | $82K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 200,000 | $82K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 200,000 | $82K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 375,000 | $81K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 400,000 | $80K | New |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 250,000 | $79K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 700,000 | $79K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 100,000 | $71K | No change |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | 250,000 | $70K | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 125,290 | $69K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 250,000 | $68K | No change |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 250,000 | $65K | New |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 200,000 | $55K | New |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 250,000 | $50K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 133,333 | $49K | New |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 300,000 | $49K | New |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 125,000 | $46K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 125,000 | $44K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 125,000 | $39K | New |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 50,000 | $35K | New |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 200,000 | $30K | No change |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 | 115,000 | $29K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 75,000 | $24K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 162,500 | $23K | No change |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 250,000 | $20K | No change |
| KRSP.WS Rice Acquisition Corp. 3 | *W EXP 99/99/999 | 25,000 | $20K | New |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 200,000 | $17K | No change |
| FUSEW CSLM Holdings Inc. - 30 | *W EXP 10/22/203 | 237,500 | $15K | New |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 50,000 | $11K | No change |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 141,065 | $10K | No change |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 6,250 | $4K | New |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 250,000 | $3K | No change |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | 35,677 | $2K | No change |
Total filed on the 13F, all lines: $16.7B.
Portfolio Sells Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -75.9% | 2.64% | −10.31 |
| BMO Bank of Montreal | Reduce -9.8% | 0.86% | −0.30 |
| AEM Agnico Eagle Mines Ltd. | Reduce -2.0% | 1.29% | −0.30 |
| BN Brookfield Corp. | Reduce -2.3% | 1.06% | −0.25 |
| CNQ Canadian Natural Resources | Reduce -21.3% | 0.46% | −0.21 |
| SIRI Sirius XM Holdings Inc. | Reduce -58.3% | 0.08% | −0.20 |
| ALE Allete Inc. | Sold out | 0.00% | −0.19 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 0.52% | −0.19 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −0.17 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.17 |
| CRM Salesforce Inc. | Reduce -93.7% | 0.01% | −0.15 |
| SLF Sun Life Financial Inc. | Reduce -15.9% | 0.39% | −0.15 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.14 |
| ORLA Orla Mining Ltd. | Sold out | 0.00% | −0.13 |
| CP Canadian Pacific Kansas City | Reduce -0.6% | 0.55% | −0.13 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.13 |
| LW Lamb Weston Holdings Inc. | Reduce -41.4% | 0.06% | −0.11 |
| INFQ Infleqtion Inc. | Reduce -63.3% | 0.06% | −0.10 |
| BAM Brookfield Asset Mgmt-A | Reduce -13.3% | 0.19% | −0.10 |
| GIB Cgi Inc. | Reduce -3.5% | 0.43% | −0.09 |
| STLA Stellantis NV | Reduce -45.6% | 0.11% | −0.09 |
| AXS Axis Capital Holdings Ltd. | Reduce -15.1% | 0.32% | −0.09 |
| TECK Teck Resources Ltd.-CLS B | Reduce -12.7% | 0.32% | −0.09 |
| YUMC Yum China Holdings Inc. | Reduce -5.8% | 0.49% | −0.08 |
| CNI Canadian Natl Railway Co. | Reduce -0.6% | 0.47% | −0.08 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -11.6% | 0.28% | −0.08 |
| FTS Fortis Inc. | Reduce -59.4% | 0.03% | −0.07 |
| K Kellanova | Sold out | 0.00% | −0.07 |
| CHTR Charter Communications Inc. Class A | Reduce -82.4% | 0.01% | −0.07 |
| OMC Omnicom Group | Reduce -83.8% | 0.01% | −0.06 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.06 |
| TIXT Telus International Cda Inc. | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -82.9% | 0.01% | −0.05 |
| TDACU Translational Development Ac | Sold out | 0.00% | −0.05 |
| GHLD Guild Holdings Co. Class A | Sold out | 0.00% | −0.05 |
| ACN Accenture PLC Class A | Reduce -81.3% | 0.01% | −0.05 |
| DAAQU Digital Asset Acquisition Co. | Sold out | 0.00% | −0.05 |
| SHCO Soho House & Co. Inc. | Sold out | 0.00% | −0.05 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.05 |
| STUB Stubhub Holdings Inc. Class A | Reduce -5.5% | 0.08% | −0.05 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.05 |
| GPK Graphic Packaging Holding Co. | Reduce -75.5% | 0.01% | −0.05 |
| CCJ Cameco Corp. | Reduce -67.7% | 0.02% | −0.04 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.04 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.04 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.04 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -8.3% | 0.32% | −0.04 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.04 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.04 |
| IFF Intl Flavors & Fragrances | Reduce -79.2% | 0.01% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +33.4% | 31.95% | +3.57 |
| JPM JPMorgan Chase & Co. | Add +902.6% | 0.61% | +0.54 |
| EXAS Exact Sciences Corp. | New | 0.47% | +0.47 |
| TSLA Tesla Inc. | Add +449.1% | 0.56% | +0.44 |
| TD Toronto-Dominion Bank | Add +31.0% | 2.00% | +0.43 |
| TEAM Atlassian Corp. Class A | New | 0.39% | +0.39 |
| NVDA Nvidia Corp. | Add +100.0% | 0.98% | +0.38 |
| ISRG Intuitive Surgical Inc. | New | 0.36% | +0.36 |
| SW Smurfit Westrock PLC | New | 0.36% | +0.36 |
| KLAC KLA Corp. | Add +1403.2% | 0.38% | +0.35 |
| ADBE Adobe Inc. | Add +793.2% | 0.40% | +0.34 |
| HOLX Hologic Inc. | New | 0.34% | +0.34 |
| NFLX Netflix Inc. | Add +496.1% | 0.38% | +0.28 |
| AAPL Apple Inc. | Add +84.0% | 0.71% | +0.27 |
| VOO Vanguard S&P 500 ETF | Add +22.4% | 8.15% | +0.27 |
| SHOP Shopify Inc. Class A | Add +87.2% | 0.63% | +0.25 |
| INSM Insmed Inc. | New | 0.24% | +0.24 |
| SLB SLB Ltd. | Add +826.6% | 0.23% | +0.20 |
| KBR KBR Inc. | New | 0.20% | +0.20 |
| MSM MSC Industrial Direct Co. Class A | Add +213.7% | 0.35% | +0.20 |
| AVGO Broadcom Inc. | Add +114.0% | 0.40% | +0.18 |
| GTLS Chart Industries Inc. | New | 0.18% | +0.18 |
| NOW ServiceNow Inc. | New | 0.18% | +0.18 |
| JCI Johnson Controls Internation | New | 0.17% | +0.17 |
| CRCL Circle Internet Group Inc. | New | 0.17% | +0.17 |
| HWM Howmet Aerospace Inc. | Add +390.9% | 0.20% | +0.15 |
| RCL Royal Caribbean Cruises Ltd. | Add +896.6% | 0.16% | +0.14 |
| FYBR Frontier Communications Pare | New | 0.14% | +0.14 |
| KBONU Karbon Capital Partners Corp. | New | 0.13% | +0.13 |
| MDLN Medline Inc. Class A | New | 0.13% | +0.13 |
| DFIN Donnelley Financial Solution | Add +151.3% | 0.27% | +0.13 |
| AEE Ameren Corporation | New | 0.13% | +0.13 |
| SF Stifel Financial Corp. | New | 0.12% | +0.12 |
| AL Sumisho Air Lease Corp. | Add +200.0% | 0.19% | +0.12 |
| LXP LXP Industrial Trust | New | 0.11% | +0.11 |
| TRS Trimas Corp. | New | 0.11% | +0.11 |
| BCSS.U Bain Capital GSS Investment | New | 0.11% | +0.11 |
| URI United Rentals Inc. | New | 0.11% | +0.11 |
| CCXIU Churchill Capital Corp. Xi | New | 0.10% | +0.10 |
| APTV Aptiv PLC | Add +387.5% | 0.14% | +0.10 |
| JHG Janus Henderson Group PLC | New | 0.10% | +0.10 |
| VRT Vertiv Holdings Co. Class A | Add +238.7% | 0.14% | +0.09 |
| CWAN Clearwater Analytics HDS-A | New | 0.09% | +0.09 |
| SBXE.U Silverbox Corp. V | New | 0.09% | +0.09 |
| FOLD Amicus Therapeutics Inc. | New | 0.09% | +0.09 |
| SOFI Sofi Technologies Inc. | New | 0.09% | +0.09 |
| AMRZ Amrize Ltd. | New | 0.09% | +0.09 |
| LLY Eli Lilly & Co. | Add +96.8% | 0.15% | +0.09 |
| AXTA Axalta Coating Systems Ltd. | New | 0.09% | +0.09 |
| AVTR Avantor Inc. | New | 0.08% | +0.08 |
Notes & Other Activity Q3 2025 → Q4 2025
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | Add +10.0% | 24,750,000 | $68.3M |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | Add +81.8% | 40,000,000 | $59.6M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | New | 35,000,000 | $57.4M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | New | 30,000,000 | $50.5M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +20.0% | 30,000,000 | $46.6M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +19.1% | 25,000,000 | $42.5M |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | New | 30,000,000 | $37.9M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | New | 20,000,000 | $28.0M |
| SILVERCORP METALS INC | NOTE 4.750%12/1 · principal | New | 12,000,000 | $24.5M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -40.3% | 20,000,000 | $22.5M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | Reduce -38.5% | 20,000,000 | $20.3M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | Add +20.0% | 15,000,000 | $16.4M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | Sold out | 15,000,000 | $15.6Mbefore exit |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | New | 12,500,000 | $13.8M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 5,000,000 | $6.2Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 3,000,000 | $3.2M |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | Sold out | 300,000 | $390Kbefore exit |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | Sold out | 600,000 | $312Kbefore exit |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | Sold out | 100,000 | $210Kbefore exit |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | Add +0.1% | 483,333 | $179K |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | New | 466,666 | $163K |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | New | 400,000 | $130K |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | New | 350,000 | $112K |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | Sold out | 62,500 | $111Kbefore exit |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | New | 275,000 | $110K |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | New | 23,889 | $108K |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 | New | 50,000 | $106K |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | New | 150,000 | $105K |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | New | 125,000 | $102K |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | New | 375,000 | $101K |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | New | 300,000 | $93K |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | New | 183,333 | $92K |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | New | 131,250 | $89K |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | New | 250,000 | $88K |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | New | 400,000 | $80K |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | New | 250,000 | $70K |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | New | 250,000 | $65K |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | Sold out | 225,000 | $63Kbefore exit |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | New | 200,000 | $55K |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | Sold out | 300,000 | $55Kbefore exit |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | New | 133,333 | $49K |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | New | 300,000 | $49K |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | New | 125,000 | $39K |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | New | 50,000 | $35K |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 | New | 115,000 | $29K |
| KRSP.WS Rice Acquisition Corp. 3 | *W EXP 99/99/999 | New | 25,000 | $20K |
| FUSEW CSLM Holdings Inc. - 30 | *W EXP 10/22/203 | New | 237,500 | $15K |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Sold out | 840,998 | $8Kbefore exit |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | New | 6,250 | $4K |
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 |