Aviso Financial Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Aviso Financial Inc. reported 357 stock positions worth $2.0 billion. Its top holding was Bank of Montreal (BMO) at 5.0% of the portfolio, followed by Visa Class A (V, 4.5%) and Canadian Natural Resources (CNQ, 4.5%). Compared with Q3 2024, it opened 35 new positions, sold out of 36, added to 149 and reduced 114. The biggest buy was Can Imperial BK of Commerce (CM, shares +1099%) and the biggest sale Toronto-Dominion Bank (TD, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0002033534
- Portfolio Value
- $2.0B (Q4 2024)
- SEC Filing
- 0002033534-25-000001 ↗ filed Feb 10, 2025
Holdings Value
Holdings 357 stocks · $2.0B
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 5.04% | 1,027,872 | $99.8M | Add +2.4% |
| V Visa Inc. Class A | 4.54% | 284,617 | $90.0M | Add +2.8% |
| CNQ Canadian Natural Resources | 4.48% | 2,875,682 | $88.8M | Add +3.9% |
| TD Toronto-Dominion Bank | 4.47% | 1,662,445 | $88.5M | Reduce -26.0% |
| BN Brookfield Corp. | 4.37% | 1,506,285 | $86.6M | Add +2.4% |
| SAP Sap SE-Sponsored ADR | 3.89% | 312,950 | $77.1M | Reduce -13.4% |
| MSFT Microsoft Corp. | 3.84% | 180,378 | $76.0M | Add +25.7% |
| CP Canadian Pacific Kansas City | 3.70% | 1,012,306 | $73.3M | Add +15.9% |
| GOOG Alphabet Inc. Class C | 3.40% | 353,551 | $67.3M | Add +3.2% |
| GIB Cgi Inc. | 3.27% | 591,594 | $64.7M | Add +3.0% |
| QSR Restaurant Brands Intern | 3.10% | 942,022 | $61.4M | Add +4.1% |
| UNH Unitedhealth Group Inc. | 3.07% | 120,024 | $60.7M | Add +1.2% |
| ENB Enbridge Inc. | 3.04% | 1,417,584 | $60.2M | Add +4.3% |
| TMO Thermo Fisher Scientific Inc. | 2.50% | 95,109 | $49.5M | Add +3.5% |
| LIN Linde PLC | 2.44% | 115,627 | $48.4M | Add +3.2% |
| MIDD Middleby Corp. | 2.17% | 317,036 | $42.9M | Add +3.0% |
| RMD Resmed Inc. | 2.13% | 184,588 | $42.2M | Add +3.0% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.04% | 639,512 | $40.4M | Add +1098.7% |
| BALL Ball Corp. | 1.98% | 712,962 | $39.3M | Add +3.0% |
| PEP Pepsico Inc. | 1.64% | 213,252 | $32.4M | Add +2.2% |
| DEO Diageo PLC-Sponsored ADR | 1.56% | 242,637 | $30.8M | Add +3.4% |
| ITOT iShares Core S&P Total U.S. | 1.54% | 236,901 | $30.5M | Add +5.9% |
| IQV Iqvia Holdings Inc. | 1.28% | 129,467 | $25.4M | Add +3.4% |
| RY Royal Bank of Canada | 1.28% | 210,389 | $25.4M | Add +3.8% |
| IXUS iShares Core Intl Stock ETF | 1.21% | 363,743 | $24.1M | Add +8.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.18% | 39,974 | $23.4M | Add +5.1% |
| GOOGL Alphabet Inc. Class A | 0.99% | 103,627 | $19.6M | Reduce -0.6% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.94% | 347,013 | $18.6M | Add +11.6% |
| CNI Canadian Natl Railway Co. | 0.81% | 157,121 | $16.0M | Add +7.5% |
| AAPL Apple Inc. | 0.79% | 62,528 | $15.7M | Reduce -0.2% |
| RCI Rogers Communications Inc. Class B | 0.76% | 488,438 | $15.0M | Reduce -55.0% |
| AVGO Broadcom Inc. | 0.69% | 58,999 | $13.7M | Reduce -3.5% |
| COST Costco Wholesale Corp. | 0.61% | 13,252 | $12.1M | Add +0.3% |
| TRI Thomson Reuters Corp. | 0.60% | 74,163 | $11.9M | Add +0.9% |
| TRP TC Energy Corp. | 0.57% | 241,658 | $11.3M | Reduce -7.9% |
| FNV Franco-Nevada Corp. | 0.56% | 94,853 | $11.1M | Add +3.3% |
| BIP Brookfield Infrastructure Pa | 0.44% | 273,564 | $8.7M | Add +4.5% |
| SPGI S&P Global Inc. | 0.40% | 16,040 | $8.0M | Reduce -4.3% |
| AMZN Amazon.com Inc. | 0.39% | 34,950 | $7.7M | Reduce -0.2% |
| RBA RB Global Inc. | 0.37% | 80,970 | $7.3M | Add +1.4% |
| DHR Danaher Corp. | 0.37% | 31,736 | $7.3M | Reduce -2.5% |
| ICE Intercontinental Exchange Inc. | 0.36% | 47,491 | $7.1M | Add +4.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 57,375 | $6.9M | Add +17.9% |
| WCN Waste Connections Inc. | 0.35% | 39,892 | $6.8M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.34% | 22,964 | $6.7M | Reduce -7.0% |
| MA Mastercard Inc. Class A | 0.33% | 12,564 | $6.6M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 14,225 | $6.4M | Add +8.3% |
| SLF Sun Life Financial Inc. | 0.31% | 104,121 | $6.2M | Add +3.4% |
| AME Ametek Inc. | 0.30% | 33,229 | $6.0M | Add +7.8% |
| META Meta Platforms Inc. Class A | 0.30% | 10,205 | $6.0M | Add +19.1% |
| TFII Tfi International Inc. | 0.29% | 42,881 | $5.8M | Add +6.0% |
| ACN Accenture PLC Class A | 0.29% | 16,059 | $5.6M | Add +3.1% |
| CME Cme Group Inc. | 0.27% | 22,966 | $5.3M | Add +4.8% |
| SU Suncor Energy Inc. | 0.27% | 147,055 | $5.2M | Add +6.0% |
| GRTUF Granite Real Estate Investme | 0.26% | 106,427 | $5.2M | Add +5.9% |
| MFC Manulife Financial Corp. | 0.26% | 167,180 | $5.1M | Reduce -22.7% |
| WPM Wheaton Precious Metals Corp. | 0.25% | 88,949 | $5.0M | Reduce -3.4% |
| WMB Williams Cos Inc. | 0.24% | 88,475 | $4.8M | Add +2.9% |
| MRSH Marsh & McLennan Cos | 0.24% | 22,188 | $4.7M | Add +20.3% |
| TU Telus Corp. | 0.23% | 336,980 | $4.6M | Add +2.1% |
| BDX Becton Dickinson and Co. | 0.23% | 20,020 | $4.5M | Add +8.9% |
| CIGI Colliers Intl GR-Subord Vot | 0.22% | 31,448 | $4.3M | Add +6.6% |
| PBA Pembina Pipeline Corp. | 0.21% | 115,035 | $4.2M | Add +10.5% |
| VRSK Verisk Analytics Inc. | 0.21% | 15,206 | $4.2M | Add +20.3% |
| PG The Procter & Gamble Co. | 0.21% | 24,854 | $4.2M | Add +11.2% |
| JNJ Johnson & Johnson | 0.19% | 26,006 | $3.8M | Reduce -5.0% |
| OTIS Otis Worldwide Corp. | 0.18% | 38,900 | $3.6M | Reduce -4.8% |
| FTS Fortis Inc. | 0.18% | 84,709 | $3.5M | Add +4.0% |
| BCE Bce Inc. | 0.17% | 148,216 | $3.4M | Reduce -23.3% |
| LOW Lowe's Cos Inc. | 0.17% | 13,909 | $3.4M | Add +5.4% |
| ABT Abbott Laboratories | 0.17% | 30,115 | $3.4M | Add +11.6% |
| SHOP Shopify Inc. Class A | 0.16% | 30,247 | $3.2M | Add +3.6% |
| JPM JPMorgan Chase & Co. | 0.16% | 13,229 | $3.2M | Add +11.4% |
| DPZ Domino's Pizza Inc. | 0.16% | 7,449 | $3.1M | Add +7.7% |
| NTR Nutrien Ltd. | 0.16% | 69,307 | $3.1M | Reduce -48.9% |
| RSG Republic Services Inc. | 0.15% | 14,977 | $3.0M | Add +3.8% |
| TXN Texas Instruments Inc. | 0.15% | 15,952 | $3.0M | Add +15.1% |
| ROP Roper Technologies Inc. | 0.15% | 5,730 | $3.0M | Add +6.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.15% | 33,867 | $2.9M | Add +2.8% |
| CPRT Copart Inc. | 0.15% | 50,231 | $2.9M | Reduce -0.9% |
| NVDA Nvidia Corp. | 0.14% | 20,980 | $2.8M | Add +58.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.14% | 4,009 | $2.8M | Add +0.3% |
| FISV Fiserv Inc. | 0.13% | 12,891 | $2.6M | Reduce -17.2% |
| WM Waste Management Inc. | 0.13% | 12,356 | $2.5M | Add +2.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.13% | 38,017 | $2.5M | Add +0.7% |
| SHEL Shell PLC-ADR | 0.12% | 38,004 | $2.4M | Reduce -32.9% |
| MGA Magna International Inc. | 0.12% | 56,738 | $2.4M | Reduce -1.7% |
| EQIX Equinix Inc. | 0.12% | 2,514 | $2.4M | Add +28.3% |
| TTE Totalenergies SE -Spon ADR | 0.12% | 42,678 | $2.3M | Add +1.5% |
| HD Home Depot Inc. | 0.11% | 5,834 | $2.3M | Add +3.1% |
| HIG Hartford Insurance Group Inc. | 0.11% | 19,791 | $2.2M | Add +3.6% |
| VZ Verizon Communications Inc. | 0.11% | 52,770 | $2.1M | Add +21.7% |
| OTEX Open Text Corp. | 0.11% | 74,449 | $2.1M | Reduce -1.9% |
| WAT Waters Corp. | 0.10% | 5,451 | $2.0M | Add +20.9% |
| MDT Medtronic PLC | 0.10% | 25,299 | $2.0M | Add +13.7% |
| SNY Sanofi-ADR | 0.10% | 41,837 | $2.0M | Add +1.1% |
| STN Stantec Inc. | 0.10% | 24,874 | $2.0M | Reduce -27.9% |
| APD Air Products & Chemicals Inc. | 0.10% | 6,635 | $1.9M | Add +3.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 43,088 | $1.9M | Reduce -0.2% |
| UL Unilever PLC | 0.10% | 33,172 | $1.9M | Add +2.9% |
Portfolio Sells Q3 2024 → Q4 2024
| TD Toronto-Dominion Bank | Reduce -26.0% | 4.47% | −2.57 |
| RCI Rogers Communications Inc. Class B | Reduce -55.0% | 0.76% | −1.40 |
| SAP Sap SE-Sponsored ADR | Reduce -13.4% | 3.89% | −0.21 |
| NTR Nutrien Ltd. | Reduce -48.9% | 0.16% | −0.17 |
| BCE Bce Inc. | Reduce -23.3% | 0.17% | −0.16 |
| DHR Danaher Corp. | Reduce -2.5% | 0.37% | −0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -42.3% | 0.09% | −0.07 |
| SHEL Shell PLC-ADR | Reduce -32.9% | 0.12% | −0.06 |
| MFC Manulife Financial Corp. | Reduce -22.7% | 0.26% | −0.06 |
| SOBO South Bow Corp. | Reduce -90.7% | 0.01% | −0.06 |
| STZ Constellation Brands Inc. Class A | Reduce -98.6% | 0.00% | −0.05 |
| AMD Advanced Micro Devices | Reduce -96.9% | 0.00% | −0.05 |
| TRP TC Energy Corp. | Reduce -7.9% | 0.57% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -98.1% | 0.00% | −0.05 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.04 |
| M Macy's Inc. | Sold out | 0.00% | −0.04 |
| SNOW Snowflake Inc. | Reduce -99.5% | 0.00% | −0.04 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.04 |
| STN Stantec Inc. | Reduce -27.9% | 0.10% | −0.04 |
| F Ford Motor Co. | Sold out | 0.00% | −0.04 |
| MCD McDonald's Corp. | Reduce -7.0% | 0.34% | −0.04 |
| BLCO Bausch + Lomb Corp. | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Reduce -94.7% | 0.00% | −0.03 |
| AZO AutoZone Inc. | Reduce -95.6% | 0.00% | −0.03 |
| JNJ Johnson & Johnson | Reduce -5.0% | 0.19% | −0.03 |
| OTIS Otis Worldwide Corp. | Reduce -4.8% | 0.18% | −0.03 |
| HUM Humana Inc. | Reduce -86.1% | 0.00% | −0.03 |
| WPM Wheaton Precious Metals Corp. | Reduce -3.4% | 0.25% | −0.03 |
| SPGI S&P Global Inc. | Reduce -4.3% | 0.40% | −0.03 |
| PEG Public Service Enterprise GP | Reduce -38.8% | 0.03% | −0.02 |
| B Barrick Gold Corp. | Reduce -0.6% | 0.08% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -96.3% | 0.00% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -18.5% | 0.06% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -26.3% | 0.08% | −0.02 |
| K Kellanova | Reduce -96.8% | 0.00% | −0.02 |
| OTEX Open Text Corp. | Reduce -1.9% | 0.11% | −0.02 |
| EA Electronic Arts Inc. | Reduce -32.3% | 0.04% | −0.02 |
| GWRE Guidewire Software Inc. | Reduce -17.6% | 0.06% | −0.02 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.01 |
| BP BP PLC-Spons ADR | Reduce -18.1% | 0.05% | −0.01 |
| PGR Progressive Corp. | Reduce -26.5% | 0.03% | −0.01 |
| WCN Waste Connections Inc. | Reduce -1.3% | 0.35% | −0.01 |
| SBUX Starbucks Corp. | Reduce -44.4% | 0.01% | −0.01 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.01 |
| DOW Dow Inc. | Reduce -3.4% | 0.03% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.6% | 0.05% | −0.01 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -0.9% | 0.06% | −0.01 |
| AX Axos Financial Inc. | Reduce -30.2% | 0.04% | −0.01 |
| ORANY Orange-Spon ADR | Reduce -3.8% | 0.05% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| CM Can Imperial BK of Commerce | Add +1098.7% | 2.04% | +1.88 |
| MSFT Microsoft Corp. | Add +25.7% | 3.84% | +0.78 |
| V Visa Inc. Class A | Add +2.8% | 4.54% | +0.77 |
| GOOG Alphabet Inc. Class C | Add +3.2% | 3.40% | +0.56 |
| BMO Bank of Montreal | Add +2.4% | 5.04% | +0.55 |
| BN Brookfield Corp. | Add +2.4% | 4.37% | +0.50 |
| ENB Enbridge Inc. | Add +4.3% | 3.04% | +0.30 |
| ITOT iShares Core S&P Total U.S. | Add +5.9% | 1.54% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.1% | 1.18% | +0.10 |
| BNS Bank of Nova Scotia | Add +11.6% | 0.94% | +0.10 |
| CDNS Cadence Design SYS Inc. | New | 0.09% | +0.09 |
| TJX TJX Companies Inc. | Add +17.9% | 0.35% | +0.07 |
| NVDA Nvidia Corp. | Add +58.1% | 0.14% | +0.06 |
| RACE Ferrari NV | New | 0.06% | +0.06 |
| META Meta Platforms Inc. Class A | Add +19.1% | 0.30% | +0.06 |
| BA The Boeing Co. | Add +5635.3% | 0.05% | +0.05 |
| RBA RB Global Inc. | Add +1.4% | 0.37% | +0.05 |
| WMB Williams Cos Inc. | Add +2.9% | 0.24% | +0.05 |
| PH Parker Hannifin Corp. | New | 0.05% | +0.05 |
| CBRE CBRE Group Inc. Class A | New | 0.05% | +0.05 |
| SHOP Shopify Inc. Class A | Add +3.6% | 0.16% | +0.05 |
| MIDD Middleby Corp. | Add +3.0% | 2.17% | +0.05 |
| QCOM Qualcomm Inc. | Add +291.0% | 0.06% | +0.05 |
| TGT Target Corp. | New | 0.04% | +0.04 |
| GOOS Canada Goose Holdings Inc. | Add +4136.6% | 0.05% | +0.04 |
| VRSK Verisk Analytics Inc. | Add +20.3% | 0.21% | +0.04 |
| HXL Hexcel Corp. | New | 0.04% | +0.04 |
| ALNT Allient Inc. | New | 0.04% | +0.04 |
| ALRM Alarm.com Holdings Inc. | New | 0.04% | +0.04 |
| AOS Smith (a.o.) Corp. | New | 0.04% | +0.04 |
| AME Ametek Inc. | Add +7.8% | 0.30% | +0.04 |
| ALB Albemarle Corp. | Add +147.5% | 0.07% | +0.04 |
| EXR Extra Space Storage Inc. | New | 0.04% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +11.4% | 0.16% | +0.04 |
| MRSH Marsh & McLennan Cos | Add +20.3% | 0.24% | +0.03 |
| EPAM Epam Systems Inc. | Add +49.4% | 0.08% | +0.03 |
| EQIX Equinix Inc. | Add +28.3% | 0.12% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.61% | +0.03 |
| MFG Mizuho Financial Group-ADR | New | 0.03% | +0.03 |
| CME Cme Group Inc. | Add +4.8% | 0.27% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +138.1% | 0.05% | +0.03 |
| DG Dollar General Corp. | Add +44017.7% | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | Add +0.3% | 0.33% | +0.03 |
| RY Royal Bank of Canada | Add +3.8% | 1.28% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.3% | 0.33% | +0.03 |
| VRN Veren Inc. | Add +117.7% | 0.06% | +0.03 |
| KHC The Kraft Heinz Co. | Add +25449.2% | 0.02% | +0.02 |
| SLF Sun Life Financial Inc. | Add +3.4% | 0.31% | +0.02 |
| CAE Cae Inc. | Add +8.7% | 0.07% | +0.02 |
| WAT Waters Corp. | Add +20.9% | 0.10% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Sold out | 68 | $810before exit |
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 | 270 | $2.9B | TD, BMO, GOOG, AVGO, CNQ |
| Q1 2026 | 335 | $2.8B | TD, BMO, CNQ, FNV, GOOG |
| Q4 2025 | 342 | $2.6B | TD, BMO, GOOG, V, MSFT |
| Q3 2025 | 343 | $2.5B | TD, BMO, MSFT, V, CP |
| Q2 2025 | 347 | $2.2B | TD, V, MSFT, BMO, CP |
| Q1 2025 | 348 | $2.0B | BMO, V, TD, CNQ, SAP |
| Q4 2024 | 357 | $2.0B | BMO, V, CNQ, TD, BN |
| Q3 2024 | 357 | $2.0B | TD, CNQ, BMO, SAP, BN |
| Q2 2024 | 355 | $1.8B | TD, CNQ, BMO, SAP, V |