Aviso Financial Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Aviso Financial Inc. reported 348 stock positions worth $2.0 billion. Its top holding was Bank of Montreal (BMO) at 4.9% of the portfolio, followed by Visa Class A (V, 4.9%) and Toronto-Dominion Bank (TD, 4.9%). Compared with Q4 2024, it opened 22 new positions, sold out of 31, added to 160 and reduced 106. The biggest buy was JPMorgan Chase (JPM, shares +1070%) and the biggest sale Diageo PLC-Sponsored ADR (DEO, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0002033534
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0002033536-25-000005 ↗ filed May 13, 2025
Holdings Value
Holdings 348 stocks · $2.0B
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.91% | 1,041,732 | $99.5M | Add +1.4% |
| V Visa Inc. Class A | 4.89% | 283,225 | $99.3M | Reduce -0.5% |
| TD Toronto-Dominion Bank | 4.88% | 1,651,246 | $99.0M | Reduce -0.7% |
| CNQ Canadian Natural Resources | 4.45% | 2,930,646 | $90.2M | Add +1.9% |
| SAP Sap SE-Sponsored ADR | 4.25% | 321,048 | $86.2M | Add +2.6% |
| CP Canadian Pacific Kansas City | 3.70% | 1,068,821 | $75.0M | Add +5.6% |
| MSFT Microsoft Corp. | 3.56% | 192,183 | $72.1M | Add +6.5% |
| BN Brookfield Corp. | 3.51% | 1,361,240 | $71.3M | Reduce -9.6% |
| ENB Enbridge Inc. | 3.18% | 1,456,565 | $64.5M | Add +2.8% |
| UNH Unitedhealth Group Inc. | 3.17% | 122,636 | $64.2M | Add +2.2% |
| QSR Restaurant Brands Intern | 3.13% | 953,186 | $63.6M | Add +1.2% |
| GIB Cgi Inc. | 2.99% | 607,166 | $60.6M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 2.81% | 364,185 | $56.9M | Add +3.0% |
| LIN Linde PLC | 2.73% | 118,745 | $55.3M | Add +2.7% |
| TMO Thermo Fisher Scientific Inc. | 2.52% | 102,592 | $51.0M | Add +7.9% |
| MIDD Middleby Corp. | 2.43% | 324,801 | $49.4M | Add +2.5% |
| RMD Resmed Inc. | 2.09% | 189,218 | $42.4M | Add +2.5% |
| ITOT iShares Core S&P Total U.S. | 1.95% | 323,947 | $39.5M | Add +36.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.90% | 684,523 | $38.5M | Add +7.0% |
| BALL Ball Corp. | 1.88% | 731,583 | $38.1M | Add +2.6% |
| JPM JPMorgan Chase & Co. | 1.87% | 154,786 | $38.0M | Add +1070.0% |
| AVGO Broadcom Inc. | 1.77% | 214,709 | $35.9M | Add +263.9% |
| IXUS iShares Core Intl Stock ETF | 1.71% | 496,974 | $34.7M | Add +36.6% |
| PEP Pepsico Inc. | 1.60% | 216,303 | $32.4M | Add +1.4% |
| RY Royal Bank of Canada | 1.40% | 251,078 | $28.3M | Add +19.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.13% | 40,853 | $22.8M | Add +2.2% |
| CNI Canadian Natl Railway Co. | 0.81% | 168,992 | $16.5M | Add +7.6% |
| FNV Franco-Nevada Corp. | 0.75% | 97,141 | $15.3M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 0.71% | 93,494 | $14.5M | Reduce -9.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.71% | 303,648 | $14.4M | Reduce -12.5% |
| AAPL Apple Inc. | 0.64% | 58,510 | $13.0M | Reduce -6.4% |
| COST Costco Wholesale Corp. | 0.59% | 12,721 | $12.0M | Reduce -4.0% |
| TRI Thomson Reuters Corp. | 0.59% | 69,693 | $12.0M | Reduce -6.0% |
| TRP TC Energy Corp. | 0.58% | 247,997 | $11.7M | Add +2.6% |
| RBA RB Global Inc. | 0.46% | 93,276 | $9.4M | Add +15.2% |
| WCN Waste Connections Inc. | 0.43% | 44,995 | $8.8M | Add +12.8% |
| BIP Brookfield Infrastructure Pa | 0.43% | 294,152 | $8.8M | Add +7.5% |
| ICE Intercontinental Exchange Inc. | 0.43% | 50,122 | $8.6M | Add +5.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 68,834 | $8.4M | Add +20.0% |
| MCD McDonald's Corp. | 0.36% | 23,640 | $7.4M | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 13,581 | $7.2M | Reduce -4.5% |
| META Meta Platforms Inc. Class A | 0.35% | 12,426 | $7.2M | Add +21.8% |
| SPGI S&P Global Inc. | 0.34% | 13,530 | $6.9M | Reduce -15.7% |
| MA Mastercard Inc. Class A | 0.34% | 12,409 | $6.8M | Reduce -1.2% |
| SLF Sun Life Financial Inc. | 0.32% | 114,218 | $6.5M | Add +9.7% |
| CME Cme Group Inc. | 0.32% | 24,399 | $6.5M | Add +6.2% |
| DHR Danaher Corp. | 0.32% | 31,527 | $6.5M | Reduce -0.7% |
| MRSH Marsh & McLennan Cos | 0.31% | 26,094 | $6.4M | Add +17.6% |
| WPM Wheaton Precious Metals Corp. | 0.31% | 80,985 | $6.3M | Reduce -8.9% |
| AME Ametek Inc. | 0.30% | 35,489 | $6.1M | Add +6.8% |
| SU Suncor Energy Inc. | 0.29% | 153,751 | $6.0M | Add +4.5% |
| WMB Williams Cos Inc. | 0.28% | 96,301 | $5.8M | Add +8.8% |
| ACN Accenture PLC Class A | 0.27% | 17,529 | $5.5M | Add +9.2% |
| AMZN Amazon.com Inc. | 0.27% | 28,488 | $5.4M | Reduce -18.5% |
| TU Telus Corp. | 0.27% | 374,498 | $5.4M | Add +11.1% |
| VRSK Verisk Analytics Inc. | 0.26% | 17,900 | $5.3M | Add +17.7% |
| TFII Tfi International Inc. | 0.25% | 66,448 | $5.1M | Add +55.0% |
| PBA Pembina Pipeline Corp. | 0.25% | 128,344 | $5.1M | Add +11.6% |
| OTIS Otis Worldwide Corp. | 0.25% | 48,644 | $5.0M | Add +25.1% |
| BDX Becton Dickinson and Co. | 0.24% | 21,558 | $4.9M | Add +7.7% |
| JNJ Johnson & Johnson | 0.24% | 29,474 | $4.9M | Add +13.3% |
| PG The Procter & Gamble Co. | 0.23% | 27,814 | $4.7M | Add +11.9% |
| MFC Manulife Financial Corp. | 0.22% | 143,562 | $4.5M | Reduce -14.1% |
| ABT Abbott Laboratories | 0.22% | 33,006 | $4.4M | Add +9.6% |
| FTS Fortis Inc. | 0.21% | 94,836 | $4.3M | Add +12.0% |
| CIGI Colliers Intl GR-Subord Vot | 0.20% | 33,905 | $4.1M | Add +7.8% |
| GRTUF Granite Real Estate Investme | 0.20% | 86,447 | $4.0M | Reduce -18.8% |
| RSG Republic Services Inc. | 0.19% | 16,244 | $3.9M | Add +8.5% |
| SHOP Shopify Inc. Class A | 0.18% | 38,354 | $3.7M | Add +26.8% |
| DPZ Domino's Pizza Inc. | 0.18% | 7,868 | $3.6M | Add +5.6% |
| BCE Bce Inc. | 0.18% | 154,829 | $3.6M | Add +4.5% |
| NTR Nutrien Ltd. | 0.18% | 71,530 | $3.6M | Add +3.2% |
| RCI Rogers Communications Inc. Class B | 0.17% | 131,032 | $3.5M | Reduce -73.2% |
| LOW Lowe's Cos Inc. | 0.17% | 14,599 | $3.4M | Add +5.0% |
| STN Stantec Inc. | 0.16% | 40,266 | $3.3M | Add +61.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.15% | 4,670 | $3.1M | Add +16.5% |
| WM Waste Management Inc. | 0.15% | 13,279 | $3.1M | Add +7.5% |
| TTE Totalenergies SE -Spon ADR | 0.15% | 47,154 | $3.1M | Add +10.5% |
| SHEL Shell PLC-ADR | 0.15% | 41,169 | $3.0M | Add +8.3% |
| TXN Texas Instruments Inc. | 0.15% | 16,495 | $3.0M | Add +3.4% |
| AZN Astrazeneca PLC-Spons ADR | 0.14% | 39,979 | $2.9M | Add +5.2% |
| VZ Verizon Communications Inc. | 0.14% | 62,295 | $2.8M | Add +18.1% |
| CPRT Copart Inc. | 0.14% | 49,223 | $2.8M | Reduce -2.0% |
| HIG Hartford Insurance Group Inc. | 0.13% | 21,259 | $2.6M | Add +7.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.13% | 37,120 | $2.6M | Add +9.6% |
| NVDA Nvidia Corp. | 0.12% | 22,611 | $2.5M | Add +7.8% |
| COR Cencora Inc. | 0.12% | 8,769 | $2.4M | Add +17.5% |
| SNY Sanofi-ADR | 0.12% | 43,197 | $2.4M | Add +3.3% |
| MDT Medtronic PLC | 0.12% | 26,585 | $2.4M | Add +5.1% |
| FISV Fiserv Inc. | 0.12% | 10,792 | $2.4M | Reduce -16.3% |
| WAT Waters Corp. | 0.12% | 6,428 | $2.4M | Add +17.9% |
| AEM Agnico Eagle Mines Ltd. | 0.12% | 21,669 | $2.3M | Reduce -4.6% |
| ROP Roper Technologies Inc. | 0.11% | 3,940 | $2.3M | Reduce -31.2% |
| HD Home Depot Inc. | 0.11% | 6,284 | $2.3M | Add +7.7% |
| EQIX Equinix Inc. | 0.11% | 2,752 | $2.2M | Add +9.5% |
| VRN Veren Inc. | 0.11% | 328,889 | $2.2M | Add +50.0% |
| ABBV Abbvie Inc. | 0.11% | 10,270 | $2.2M | Add +7.3% |
| HEI Heico Corp. | 0.11% | 8,026 | $2.1M | New |
| OTEX Open Text Corp. | 0.11% | 84,902 | $2.1M | Add +14.0% |
| ATR Aptargroup Inc. | 0.10% | 14,247 | $2.1M | Add +26.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $2K (not counted above)
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q4 2024 → Q1 2025
| DEO Diageo PLC-Sponsored ADR | Reduce -98.4% | 0.02% | −1.54 |
| IQV Iqvia Holdings Inc. | Reduce -95.3% | 0.05% | −1.23 |
| BN Brookfield Corp. | Reduce -9.6% | 3.51% | −0.86 |
| RCI Rogers Communications Inc. Class B | Reduce -73.2% | 0.17% | −0.59 |
| GOOGL Alphabet Inc. Class A | Reduce -9.8% | 0.71% | −0.28 |
| BNS Bank of Nova Scotia | Reduce -12.5% | 0.71% | −0.23 |
| AAPL Apple Inc. | Reduce -6.4% | 0.64% | −0.15 |
| AMZN Amazon.com Inc. | Reduce -18.5% | 0.27% | −0.12 |
| SPGI S&P Global Inc. | Reduce -15.7% | 0.34% | −0.06 |
| GRTUF Granite Real Estate Investme | Reduce -18.8% | 0.20% | −0.06 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.06 |
| ORANY Orange-Spon ADR | Sold out | 0.00% | −0.05 |
| SRE Sempra | Sold out | 0.00% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -99.4% | 0.00% | −0.05 |
| DHR Danaher Corp. | Reduce -0.7% | 0.32% | −0.05 |
| GOOS Canada Goose Holdings Inc. | Reduce -98.0% | 0.00% | −0.04 |
| EFX Equifax Inc. | Reduce -78.2% | 0.01% | −0.04 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| EA Electronic Arts Inc. | Reduce -99.6% | 0.00% | −0.04 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.04 |
| MGA Magna International Inc. | Reduce -16.7% | 0.08% | −0.04 |
| TEX Terex Corp. | Sold out | 0.00% | −0.04 |
| MFC Manulife Financial Corp. | Reduce -14.1% | 0.22% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -98.8% | 0.00% | −0.04 |
| CRM Salesforce Inc. | Reduce -23.2% | 0.06% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -31.2% | 0.11% | −0.04 |
| EVRG Evergy Inc. | Reduce -98.8% | 0.00% | −0.04 |
| DSI iShares ESG MSCI KLD 400 ETF | Sold out | 0.00% | −0.03 |
| EPAM Epam Systems Inc. | Reduce -3.6% | 0.05% | −0.02 |
| MEOH Methanex Corp. | Reduce -0.3% | 0.05% | −0.02 |
| IBKR Interactive Brokers Gro Class A | Reduce -22.1% | 0.05% | −0.02 |
| BAM Brookfield Asset Mgmt-A | Reduce -18.1% | 0.05% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -4.0% | 0.59% | −0.02 |
| FISV Fiserv Inc. | Reduce -16.3% | 0.12% | −0.02 |
| ORCL Oracle Corp. | Reduce -5.3% | 0.05% | −0.02 |
| GIL Gildan Activewear Inc. | Reduce -9.7% | 0.07% | −0.01 |
| EL Estee Lauder Companies Class A | Reduce -99.8% | 0.00% | −0.01 |
| GWRE Guidewire Software Inc. | Reduce -28.0% | 0.05% | −0.01 |
| DSGX The Descartes Systems Grp | Reduce -10.5% | 0.04% | −0.01 |
| TIXT Telus International Cda Inc. | Reduce -41.4% | 0.01% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.6% | 0.03% | −0.01 |
| CPRT Copart Inc. | Reduce -2.0% | 0.14% | −0.01 |
| TRI Thomson Reuters Corp. | Reduce -6.0% | 0.59% | −0.01 |
| LCII Lci Industries | Reduce -3.2% | 0.03% | −0.01 |
| FBND Fidelity Total Bond ETF | Reduce -29.3% | 0.02% | −0.01 |
| ADSK Autodesk Inc. | Reduce -2.3% | 0.04% | −0.01 |
| AFG American Financial Group Inc. | Reduce -2.7% | 0.06% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -4.9% | 0.01% | −0.01 |
| MRVL Marvell Technology Inc. | Reduce -6.4% | 0.01% | −0.01 |
| EXR Extra Space Storage Inc. | Reduce -10.8% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| JPM JPMorgan Chase & Co. | Add +1070.0% | 1.87% | +1.71 |
| AVGO Broadcom Inc. | Add +263.9% | 1.77% | +1.08 |
| IXUS iShares Core Intl Stock ETF | Add +36.6% | 1.71% | +0.50 |
| ITOT iShares Core S&P Total U.S. | Add +36.7% | 1.95% | +0.41 |
| SAP Sap SE-Sponsored ADR | Add +2.6% | 4.25% | +0.36 |
| LIN Linde PLC | Add +2.7% | 2.73% | +0.28 |
| MIDD Middleby Corp. | Add +2.5% | 2.43% | +0.27 |
| FNV Franco-Nevada Corp. | Add +2.4% | 0.75% | +0.19 |
| ENB Enbridge Inc. | Add +2.8% | 3.18% | +0.14 |
| RY Royal Bank of Canada | Add +19.3% | 1.40% | +0.11 |
| HEI Heico Corp. | New | 0.11% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +2.2% | 3.17% | +0.10 |
| RBA RB Global Inc. | Add +15.2% | 0.46% | +0.09 |
| WCN Waste Connections Inc. | Add +12.8% | 0.43% | +0.09 |
| MRSH Marsh & McLennan Cos | Add +17.6% | 0.31% | +0.08 |
| ICE Intercontinental Exchange Inc. | Add +5.5% | 0.43% | +0.07 |
| STN Stantec Inc. | Add +61.9% | 0.16% | +0.07 |
| OTIS Otis Worldwide Corp. | Add +25.1% | 0.25% | +0.07 |
| TJX TJX Companies Inc. | Add +20.0% | 0.41% | +0.06 |
| META Meta Platforms Inc. Class A | Add +21.8% | 0.35% | +0.05 |
| VRSK Verisk Analytics Inc. | Add +17.7% | 0.26% | +0.05 |
| JNJ Johnson & Johnson | Add +13.3% | 0.24% | +0.05 |
| VRN Veren Inc. | Add +50.0% | 0.11% | +0.05 |
| CME Cme Group Inc. | Add +6.2% | 0.32% | +0.05 |
| ABT Abbott Laboratories | Add +9.6% | 0.22% | +0.04 |
| CMG Chipotle Mexican Grill Inc. | New | 0.04% | +0.04 |
| WMB Williams Cos Inc. | Add +8.8% | 0.28% | +0.04 |
| RSG Republic Services Inc. | Add +8.5% | 0.19% | +0.04 |
| PBA Pembina Pipeline Corp. | Add +11.6% | 0.25% | +0.04 |
| CDW CDW Corp. | New | 0.04% | +0.04 |
| COR Cencora Inc. | Add +17.5% | 0.12% | +0.04 |
| FTS Fortis Inc. | Add +12.0% | 0.21% | +0.04 |
| QSR Restaurant Brands Intern | Add +1.2% | 3.13% | +0.03 |
| TU Telus Corp. | Add +11.1% | 0.27% | +0.03 |
| TTE Totalenergies SE -Spon ADR | Add +10.5% | 0.15% | +0.03 |
| VZ Verizon Communications Inc. | Add +18.1% | 0.14% | +0.03 |
| SNPS Synopsys Inc. | New | 0.03% | +0.03 |
| SU Suncor Energy Inc. | Add +4.5% | 0.29% | +0.03 |
| SHEL Shell PLC-ADR | Add +8.3% | 0.15% | +0.03 |
| MCD McDonald's Corp. | Add +2.9% | 0.36% | +0.03 |
| WM Waste Management Inc. | Add +7.5% | 0.15% | +0.03 |
| PG The Procter & Gamble Co. | Add +11.9% | 0.23% | +0.02 |
| DPZ Domino's Pizza Inc. | Add +5.6% | 0.18% | +0.02 |
| HIG Hartford Insurance Group Inc. | Add +7.4% | 0.13% | +0.02 |
| ABBV Abbvie Inc. | Add +7.3% | 0.11% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +53.8% | 0.04% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +5.2% | 0.14% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +7.9% | 2.52% | +0.02 |
| NTR Nutrien Ltd. | Add +3.2% | 0.18% | +0.02 |
| CVS CVS Health Corp. | Add +5.0% | 0.05% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | New | 141 | $1K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | New | 27 | $747 |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | New | 51 | $115 |
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 |