Aviso Financial Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Aviso Financial Inc. reported 347 stock positions worth $2.2 billion. Its top holding was Toronto-Dominion Bank (TD) at 5.5% of the portfolio, followed by Visa Class A (V, 4.6%) and Microsoft (MSFT, 4.5%). Compared with Q1 2025, it opened 25 new positions, sold out of 26, added to 165 and reduced 83. The biggest buy was Broadcom (AVGO, shares +29%) and the biggest sale Unitedhealth (UNH, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0002033534
- Portfolio Value
- $2.2B (Q2 2025)
- SEC Filing
- 0002033536-25-000067 ↗ filed Aug 12, 2025
Holdings Value
Holdings 347 stocks · $2.2B
| TD Toronto-Dominion Bank | 5.54% | 1,671,746 | $122.9M | Add +1.2% |
| V Visa Inc. Class A | 4.62% | 288,552 | $102.5M | Add +1.9% |
| MSFT Microsoft Corp. | 4.45% | 198,557 | $98.8M | Add +3.3% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.03% | 806,945 | $89.4M | Reduce -22.5% |
| CP Canadian Pacific Kansas City | 3.91% | 1,091,948 | $86.7M | Add +2.2% |
| BN Brookfield Corp. | 3.87% | 1,387,983 | $85.9M | Add +2.0% |
| SAP Sap SE-Sponsored ADR | 3.83% | 279,301 | $84.9M | Reduce -13.0% |
| CNQ Canadian Natural Resources | 3.68% | 2,595,601 | $81.6M | Reduce -11.4% |
| AVGO Broadcom Inc. | 3.44% | 276,365 | $76.2M | Add +28.7% |
| GOOG Alphabet Inc. Class C | 3.00% | 375,342 | $66.6M | Add +3.1% |
| ENB Enbridge Inc. | 2.98% | 1,459,298 | $66.2M | Add +0.2% |
| QSR Restaurant Brands Intern | 2.87% | 958,434 | $63.6M | Add +0.6% |
| LIN Linde PLC | 2.58% | 121,905 | $57.2M | Add +2.7% |
| GIB Cgi Inc. | 2.32% | 490,539 | $51.5M | Reduce -19.2% |
| RMD Resmed Inc. | 2.31% | 198,365 | $51.2M | Add +4.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.23% | 696,803 | $49.5M | Add +1.8% |
| MIDD Middleby Corp. | 2.16% | 332,123 | $47.8M | Add +2.3% |
| ITOT iShares Core S&P Total U.S. | 2.11% | 346,144 | $46.7M | Add +6.8% |
| JPM JPMorgan Chase & Co. | 2.07% | 158,667 | $46.0M | Add +2.5% |
| TMO Thermo Fisher Scientific Inc. | 2.05% | 111,879 | $45.4M | Add +9.1% |
| BALL Ball Corp. | 1.88% | 744,655 | $41.8M | Add +1.8% |
| FNV Franco-Nevada Corp. | 1.87% | 253,237 | $41.6M | Add +160.7% |
| SPGI S&P Global Inc. | 1.82% | 76,743 | $40.5M | Add +467.2% |
| IXUS iShares Core Intl Stock ETF | 1.82% | 521,227 | $40.3M | Add +4.9% |
| RY Royal Bank of Canada | 1.53% | 256,977 | $33.9M | Add +2.4% |
| PEP Pepsico Inc. | 1.31% | 219,904 | $29.0M | Add +1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.15% | 41,286 | $25.5M | Add +1.1% |
| CNI Canadian Natl Railway Co. | 0.82% | 175,101 | $18.2M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 0.75% | 94,642 | $16.7M | Add +1.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.69% | 277,979 | $15.4M | Reduce -8.4% |
| TRI Thomson Reuters Corp. | 0.64% | 70,897 | $14.3M | Add +1.7% |
| COST Costco Wholesale Corp. | 0.59% | 13,123 | $13.0M | Add +3.2% |
| BIP Brookfield Infrastructure Pa | 0.58% | 383,100 | $12.8M | Add +30.2% |
| TRP TC Energy Corp. | 0.55% | 249,081 | $12.2M | Add +0.4% |
| EMA Emera Inc. | 0.53% | 257,554 | $11.8M | New |
| AAPL Apple Inc. | 0.50% | 53,955 | $11.1M | Reduce -7.8% |
| RBA RB Global Inc. | 0.46% | 96,726 | $10.3M | Add +3.7% |
| META Meta Platforms Inc. Class A | 0.44% | 13,338 | $9.8M | Add +7.3% |
| WCN Waste Connections Inc. | 0.42% | 50,112 | $9.4M | Add +11.4% |
| AMZN Amazon.com Inc. | 0.41% | 41,765 | $9.2M | Add +46.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 73,792 | $9.1M | Add +7.2% |
| SLF Sun Life Financial Inc. | 0.39% | 130,400 | $8.7M | Add +14.2% |
| ICE Intercontinental Exchange Inc. | 0.37% | 44,138 | $8.1M | Reduce -11.9% |
| WPM Wheaton Precious Metals Corp. | 0.34% | 83,307 | $7.5M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.32% | 12,633 | $7.1M | Add +1.8% |
| MCD McDonald's Corp. | 0.32% | 24,213 | $7.1M | Add +2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 14,186 | $6.9M | Add +4.5% |
| CME Cme Group Inc. | 0.31% | 24,862 | $6.9M | Add +1.9% |
| TFII Tfi International Inc. | 0.30% | 74,176 | $6.7M | Add +11.6% |
| WMB Williams Cos Inc. | 0.29% | 101,582 | $6.4M | Add +5.5% |
| VRSK Verisk Analytics Inc. | 0.27% | 18,920 | $5.9M | Add +5.7% |
| MRSH Marsh & McLennan Cos | 0.26% | 26,553 | $5.8M | Add +1.8% |
| DHR Danaher Corp. | 0.26% | 29,357 | $5.8M | Reduce -6.9% |
| SU Suncor Energy Inc. | 0.26% | 153,743 | $5.8M | Reduce -0.0% |
| AME Ametek Inc. | 0.23% | 28,384 | $5.1M | Reduce -20.0% |
| ACN Accenture PLC Class A | 0.22% | 16,671 | $5.0M | Reduce -4.9% |
| MFC Manulife Financial Corp. | 0.22% | 155,601 | $5.0M | Add +8.4% |
| SHOP Shopify Inc. Class A | 0.22% | 42,879 | $4.9M | Add +11.8% |
| PG The Procter & Gamble Co. | 0.22% | 30,741 | $4.9M | Add +10.5% |
| OTIS Otis Worldwide Corp. | 0.22% | 49,257 | $4.9M | Add +1.3% |
| FTS Fortis Inc. | 0.22% | 101,518 | $4.8M | Add +7.0% |
| ABT Abbott Laboratories | 0.22% | 35,476 | $4.8M | Add +7.5% |
| TU Telus Corp. | 0.21% | 288,660 | $4.6M | Reduce -22.9% |
| GRTUF Granite Real Estate Investme | 0.20% | 89,245 | $4.5M | Add +3.2% |
| NTR Nutrien Ltd. | 0.20% | 75,300 | $4.4M | Add +5.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.19% | 5,384 | $4.3M | Add +15.3% |
| RSG Republic Services Inc. | 0.19% | 17,108 | $4.2M | Add +5.3% |
| JNJ Johnson & Johnson | 0.18% | 26,839 | $4.1M | Reduce -8.9% |
| STN Stantec Inc. | 0.18% | 37,514 | $4.1M | Reduce -6.8% |
| UNH Unitedhealth Group Inc. | 0.18% | 12,802 | $4.0M | Reduce -89.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.18% | 29,765 | $3.9M | Reduce -12.2% |
| DPZ Domino's Pizza Inc. | 0.17% | 8,269 | $3.7M | Add +5.1% |
| BCE Bce Inc. | 0.16% | 162,881 | $3.6M | Add +5.2% |
| TXN Texas Instruments Inc. | 0.16% | 17,144 | $3.6M | Add +3.9% |
| NVDA Nvidia Corp. | 0.15% | 21,513 | $3.4M | Reduce -4.9% |
| LOW Lowe's Cos Inc. | 0.15% | 15,312 | $3.4M | Add +4.9% |
| WM Waste Management Inc. | 0.14% | 13,973 | $3.2M | Add +5.2% |
| EQIX Equinix Inc. | 0.14% | 3,872 | $3.1M | Add +40.7% |
| COR Cencora Inc. | 0.14% | 10,231 | $3.1M | Add +16.7% |
| SHEL Shell PLC-ADR | 0.14% | 43,481 | $3.1M | Add +5.6% |
| TTE Totalenergies SE -Spon ADR | 0.14% | 49,700 | $3.1M | Add +5.4% |
| VZ Verizon Communications Inc. | 0.14% | 69,760 | $3.0M | Add +12.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.13% | 42,228 | $3.0M | Add +5.6% |
| HIG Hartford Insurance Group Inc. | 0.13% | 22,366 | $2.8M | Add +5.2% |
| ATR Aptargroup Inc. | 0.13% | 17,755 | $2.8M | Add +24.6% |
| HEI Heico Corp. | 0.12% | 8,433 | $2.8M | Add +5.1% |
| OTEX Open Text Corp. | 0.12% | 94,171 | $2.8M | Add +10.9% |
| FISV Fiserv Inc. | 0.12% | 15,224 | $2.6M | Add +41.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.12% | 37,822 | $2.6M | Add +1.9% |
| BDX Becton Dickinson and Co. | 0.11% | 14,641 | $2.5M | Reduce -32.1% |
| WAT Waters Corp. | 0.11% | 7,219 | $2.5M | Add +12.3% |
| AEM Agnico Eagle Mines Ltd. | 0.11% | 21,129 | $2.5M | Reduce -2.5% |
| APD Air Products & Chemicals Inc. | 0.11% | 8,687 | $2.5M | Add +21.5% |
| HD Home Depot Inc. | 0.11% | 6,635 | $2.4M | Add +5.6% |
| MDT Medtronic PLC | 0.11% | 27,551 | $2.4M | Add +3.6% |
| MLM Martin Marietta Materials | 0.11% | 4,368 | $2.4M | Add +25.2% |
| RCI Rogers Communications Inc. Class B | 0.11% | 79,769 | $2.4M | Reduce -39.1% |
| ROP Roper Technologies Inc. | 0.11% | 4,126 | $2.3M | Add +4.7% |
| GIL Gildan Activewear Inc. | 0.10% | 45,051 | $2.2M | Add +40.0% |
| MEOH Methanex Corp. | 0.10% | 66,911 | $2.2M | Add +130.6% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $2K (not counted above)
Total filed on the 13F, all lines: $2.2B.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -89.6% | 0.18% | −2.99 |
| BMO Bank of Montreal | Reduce -22.5% | 4.03% | −0.88 |
| CNQ Canadian Natural Resources | Reduce -11.4% | 3.68% | −0.77 |
| GIB Cgi Inc. | Reduce -19.2% | 2.32% | −0.67 |
| SAP Sap SE-Sponsored ADR | Reduce -13.0% | 3.83% | −0.42 |
| PBA Pembina Pipeline Corp. | Reduce -82.2% | 0.04% | −0.21 |
| AAPL Apple Inc. | Reduce -7.8% | 0.50% | −0.14 |
| BDX Becton Dickinson and Co. | Reduce -32.1% | 0.11% | −0.13 |
| VRN Veren Inc. | Sold out | 0.00% | −0.11 |
| CPRT Copart Inc. | Reduce -49.9% | 0.05% | −0.08 |
| AME Ametek Inc. | Reduce -20.0% | 0.23% | −0.07 |
| RCI Rogers Communications Inc. Class B | Reduce -39.1% | 0.11% | −0.07 |
| ALB Albemarle Corp. | Reduce -77.2% | 0.01% | −0.06 |
| ICE Intercontinental Exchange Inc. | Reduce -11.9% | 0.37% | −0.06 |
| DHR Danaher Corp. | Reduce -6.9% | 0.26% | −0.06 |
| JNJ Johnson & Johnson | Reduce -8.9% | 0.18% | −0.06 |
| TU Telus Corp. | Reduce -22.9% | 0.21% | −0.06 |
| EPAM Epam Systems Inc. | Reduce -99.7% | 0.00% | −0.05 |
| ACN Accenture PLC Class A | Reduce -4.9% | 0.22% | −0.04 |
| HXL Hexcel Corp. | Sold out | 0.00% | −0.04 |
| ALRM Alarm.com Holdings Inc. | Sold out | 0.00% | −0.04 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.03 |
| SU Suncor Energy Inc. | Reduce -0.0% | 0.26% | −0.03 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.03 |
| MAS Masco Corp. | Reduce -97.4% | 0.00% | −0.03 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.03 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -12.2% | 0.18% | −0.03 |
| DOW Dow Inc. | Sold out | 0.00% | −0.03 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -27.4% | 0.03% | −0.02 |
| FLTB Fidelity Ltd. TRM BND ETF | Sold out | 0.00% | −0.02 |
| TMUS T-Mobile US Inc. | Reduce -4.0% | 0.07% | −0.02 |
| BNS Bank of Nova Scotia | Reduce -8.4% | 0.69% | −0.02 |
| MGA Magna International Inc. | Reduce -23.8% | 0.06% | −0.02 |
| AMGN Amgen Inc. | Reduce -8.6% | 0.05% | −0.02 |
| IMO Imperial Oil Ltd. | Reduce -27.4% | 0.04% | −0.02 |
| CSX CSX Corp. | Reduce -32.6% | 0.03% | −0.01 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.01 |
| CVX Chevron Corp. | Reduce -4.4% | 0.03% | −0.01 |
| POST Post Holdings Inc. | Reduce -3.8% | 0.05% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -9.4% | 0.07% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -21.3% | 0.03% | −0.01 |
| USIG iShares Broad Usd Investment | Sold out | 0.00% | −0.01 |
| DVN Devon Energy Corp. | Reduce -4.0% | 0.03% | −0.01 |
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -3.9% | 0.07% | −0.01 |
| AFG American Financial Group Inc. | Reduce -0.9% | 0.05% | −0.01 |
| UNP Union Pacific Corp. | Reduce -12.1% | 0.03% | −0.01 |
| FDX FedEx Corp. | Reduce -4.1% | 0.03% | −0.01 |
| NI Nisource Inc. | Reduce -3.8% | 0.06% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +28.7% | 3.44% | +1.66 |
| SPGI S&P Global Inc. | Add +467.2% | 1.82% | +1.49 |
| FNV Franco-Nevada Corp. | Add +160.7% | 1.87% | +1.12 |
| MSFT Microsoft Corp. | Add +3.3% | 4.45% | +0.90 |
| TD Toronto-Dominion Bank | Add +1.2% | 5.54% | +0.66 |
| EMA Emera Inc. | New | 0.53% | +0.53 |
| BN Brookfield Corp. | Add +2.0% | 3.87% | +0.36 |
| CM Can Imperial BK of Commerce | Add +1.8% | 2.23% | +0.33 |
| RMD Resmed Inc. | Add +4.8% | 2.31% | +0.22 |
| CP Canadian Pacific Kansas City | Add +2.2% | 3.91% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +2.5% | 2.07% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +3.1% | 3.00% | +0.20 |
| ITOT iShares Core S&P Total U.S. | Add +6.8% | 2.11% | +0.16 |
| BIP Brookfield Infrastructure Pa | Add +30.2% | 0.58% | +0.15 |
| AMZN Amazon.com Inc. | Add +46.6% | 0.41% | +0.15 |
| RY Royal Bank of Canada | Add +2.4% | 1.53% | +0.13 |
| IXUS iShares Core Intl Stock ETF | Add +4.9% | 1.82% | +0.11 |
| META Meta Platforms Inc. Class A | Add +7.3% | 0.44% | +0.09 |
| SLF Sun Life Financial Inc. | Add +14.2% | 0.39% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +104.8% | 0.08% | +0.05 |
| MEOH Methanex Corp. | Add +130.6% | 0.10% | +0.05 |
| TRI Thomson Reuters Corp. | Add +1.7% | 0.64% | +0.05 |
| TFII Tfi International Inc. | Add +11.6% | 0.30% | +0.05 |
| ORCL Oracle Corp. | Add +25.2% | 0.10% | +0.04 |
| SHOP Shopify Inc. Class A | Add +11.8% | 0.22% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +15.3% | 0.19% | +0.04 |
| CWAN Clearwater Analytics HDS-A | New | 0.04% | +0.04 |
| MSI Motorola Solutions Inc. | Add +362.4% | 0.05% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 0.75% | +0.04 |
| WDAY Workday Inc. Class A | New | 0.04% | +0.04 |
| MRVL Marvell Technology Inc. | Add +499.5% | 0.04% | +0.03 |
| DRI Darden Restaurants Inc. | New | 0.03% | +0.03 |
| DOO BRP Inc./Ca- Sub Voting | Add +44.2% | 0.07% | +0.03 |
| GIL Gildan Activewear Inc. | Add +40.0% | 0.10% | +0.03 |
| EQIX Equinix Inc. | Add +40.7% | 0.14% | +0.03 |
| WPM Wheaton Precious Metals Corp. | Add +2.9% | 0.34% | +0.03 |
| ZTS Zoetis Inc. | Add +298.6% | 0.04% | +0.03 |
| NEAR iShares SH Dba ETF Usd Inc. | New | 0.03% | +0.03 |
| MLM Martin Marietta Materials | Add +25.2% | 0.11% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.1% | 1.15% | +0.02 |
| NTR Nutrien Ltd. | Add +5.3% | 0.20% | +0.02 |
| ATR Aptargroup Inc. | Add +24.6% | 0.13% | +0.02 |
| HEI Heico Corp. | Add +5.1% | 0.12% | +0.02 |
| OTEX Open Text Corp. | Add +10.9% | 0.12% | +0.02 |
| COR Cencora Inc. | Add +16.7% | 0.14% | +0.02 |
| NDAQ Nasdaq Inc. | Add +46.9% | 0.04% | +0.01 |
| TXN Texas Instruments Inc. | Add +3.9% | 0.16% | +0.01 |
| NOW ServiceNow Inc. | Add +0.2% | 0.09% | +0.01 |
| SHW The Sherwin-Williams Co. | Add +35.1% | 0.07% | +0.01 |
| CNI Canadian Natl Railway Co. | Add +3.6% | 0.82% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Add +12.8% | 159 | $1K |
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 |