Aviso Financial Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Aviso Financial Inc. reported 342 stock positions worth $2.6 billion. Its top holding was Toronto-Dominion Bank (TD) at 6.1% of the portfolio, followed by Bank of Montreal (BMO, 5.0%) and Alphabet Class C (GOOG, 4.6%). Compared with Q3 2025, it opened 22 new positions, sold out of 25, added to 120 and reduced 134. The biggest buy was Sherwin-Williams (SHW, shares +3513%) and the biggest sale Middleby (MIDD, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0002033534
- Portfolio Value
- $2.6B (Q4 2025)
- SEC Filing
- 0002033534-26-000004 ↗ filed Feb 13, 2026
Holdings Value
Holdings 342 stocks · $2.6B
| TD Toronto-Dominion Bank | 6.06% | 1,691,007 | $159.4M | Add +1.9% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 5.05% | 1,022,316 | $132.8M | Add +2.0% |
| GOOG Alphabet Inc. Class C | 4.60% | 385,408 | $120.9M | Add +0.9% |
| V Visa Inc. Class A | 3.95% | 296,688 | $104.1M | Add +0.7% |
| MSFT Microsoft Corp. | 3.80% | 206,943 | $100.1M | Add +2.3% |
| BN Brookfield Corp. | 3.72% | 2,133,276 | $98.0M | Add +1.4% |
| CP Canadian Pacific Kansas City | 3.71% | 1,324,488 | $97.5M | Add +1.9% |
| AVGO Broadcom Inc. | 3.67% | 279,044 | $96.6M | Add +2.0% |
| CNQ Canadian Natural Resources | 3.42% | 2,653,439 | $89.9M | Add +1.7% |
| TMO Thermo Fisher Scientific Inc. | 3.24% | 147,041 | $85.2M | Add +27.3% |
| FNV Franco-Nevada Corp. | 3.14% | 398,108 | $82.5M | Add +10.6% |
| JPM JPMorgan Chase & Co. | 2.80% | 228,915 | $73.8M | Add +40.5% |
| ENB Enbridge Inc. | 2.73% | 1,503,302 | $71.9M | Add +1.1% |
| SAP Sap SE-Sponsored ADR | 2.65% | 286,866 | $69.7M | Add +1.2% |
| QSR Restaurant Brands Intern | 2.60% | 1,000,550 | $68.3M | Add +2.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 2.48% | 720,017 | $65.3M | Reduce -0.7% |
| ITOT iShares Core S&P Total U.S. | 2.26% | 399,543 | $59.4M | Add +10.5% |
| LIN Linde PLC | 2.01% | 124,172 | $52.9M | Add +0.5% |
| SHW The Sherwin-Williams Co. | 1.99% | 161,193 | $52.2M | Add +3512.6% |
| IXUS iShares Core Intl Stock ETF | 1.94% | 603,318 | $51.1M | Add +10.6% |
| GIB Cgi Inc. | 1.87% | 532,412 | $49.2M | Add +3.8% |
| AMZN Amazon.com Inc. | 1.86% | 212,459 | $49.0M | Add +314.9% |
| RMD Resmed Inc. | 1.86% | 203,045 | $48.9M | Add +0.8% |
| RY Royal Bank of Canada | 1.80% | 278,418 | $47.5M | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.61% | 61,959 | $42.2M | Add +49.0% |
| SPGI S&P Global Inc. | 1.50% | 75,611 | $39.5M | Reduce -1.6% |
| PEP Pepsico Inc. | 1.14% | 208,170 | $29.9M | Reduce -9.4% |
| GOOGL Alphabet Inc. Class A | 1.11% | 93,430 | $29.2M | Add +0.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.83% | 297,441 | $21.9M | Add +3.7% |
| AAPL Apple Inc. | 0.70% | 67,415 | $18.3M | Add +6.8% |
| CNI Canadian Natl Railway Co. | 0.63% | 166,997 | $16.5M | Reduce -9.1% |
| BIP Brookfield Infrastructure Pa | 0.61% | 463,164 | $16.1M | Add +3.1% |
| TRP TC Energy Corp. | 0.61% | 292,245 | $16.1M | Add +2.6% |
| EMA Emera Inc. | 0.50% | 267,795 | $13.2M | Add +2.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.46% | 78,579 | $12.1M | Reduce -5.7% |
| COST Costco Wholesale Corp. | 0.43% | 13,082 | $11.3M | Reduce -5.1% |
| RBA RB Global Inc. | 0.39% | 99,431 | $10.2M | Reduce -0.2% |
| GRTUF Granite Real Estate Investme | 0.38% | 166,131 | $9.9M | Reduce -1.4% |
| WPM Wheaton Precious Metals Corp. | 0.37% | 83,198 | $9.8M | Reduce -0.1% |
| WCN Waste Connections Inc. | 0.37% | 55,094 | $9.7M | Add +8.6% |
| META Meta Platforms Inc. Class A | 0.35% | 14,082 | $9.3M | Add +0.1% |
| TFII Tfi International Inc. | 0.32% | 82,425 | $8.5M | Add +1.3% |
| BGSI Boyd Group Services Inc. | 0.30% | 49,488 | $7.9M | New |
| SLF Sun Life Financial Inc. | 0.29% | 121,494 | $7.6M | Reduce -4.7% |
| TRI Thomson Reuters Corp. | 0.29% | 57,392 | $7.6M | Reduce -18.8% |
| ICE Intercontinental Exchange Inc. | 0.29% | 46,760 | $7.6M | Add +0.9% |
| SHOP Shopify Inc. Class A | 0.29% | 46,776 | $7.5M | Add +2.8% |
| MCD McDonald's Corp. | 0.28% | 24,517 | $7.5M | Reduce -4.8% |
| MA Mastercard Inc. Class A | 0.28% | 12,995 | $7.4M | Reduce -0.3% |
| SU Suncor Energy Inc. | 0.28% | 164,694 | $7.3M | Add +2.2% |
| CME Cme Group Inc. | 0.27% | 25,887 | $7.1M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 13,896 | $7.0M | Reduce -5.4% |
| WMB Williams Cos Inc. | 0.26% | 113,287 | $6.8M | Add +4.8% |
| MFC Manulife Financial Corp. | 0.25% | 182,977 | $6.6M | Add +6.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.25% | 6,130 | $6.6M | Add +5.8% |
| JNJ Johnson & Johnson | 0.24% | 30,532 | $6.3M | Add +6.1% |
| AME Ametek Inc. | 0.23% | 29,052 | $6.0M | Add +1.1% |
| FTS Fortis Inc. | 0.20% | 98,924 | $5.1M | Reduce -4.5% |
| ABT Abbott Laboratories | 0.19% | 40,256 | $5.0M | Add +8.0% |
| MRSH Marsh & McLennan Cos | 0.19% | 27,083 | $5.0M | Add +5.3% |
| STN Stantec Inc. | 0.19% | 52,268 | $4.9M | Add +43.6% |
| GIL Gildan Activewear Inc. | 0.19% | 78,904 | $4.9M | Add +29.6% |
| PG The Procter & Gamble Co. | 0.19% | 34,028 | $4.9M | Add +3.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.18% | 31,651 | $4.7M | Add +1.7% |
| TTE Totalenergies SE | 0.17% | 70,382 | $4.6M | Add +32.0% |
| WAT Waters Corp. | 0.17% | 12,104 | $4.6M | Add +6.2% |
| VRSK Verisk Analytics Inc. | 0.17% | 19,985 | $4.5M | Add +5.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.16% | 46,393 | $4.3M | Add +4.5% |
| RCI Rogers Communications Inc. Class B | 0.16% | 111,670 | $4.2M | Reduce -6.2% |
| OTIS Otis Worldwide Corp. | 0.15% | 46,621 | $4.1M | Reduce -7.4% |
| COR Cencora Inc. | 0.15% | 12,045 | $4.1M | Add +7.1% |
| BCE Bce Inc. | 0.15% | 170,338 | $4.1M | Reduce -1.2% |
| RSG Republic Services Inc. | 0.15% | 18,724 | $4.0M | Add +3.2% |
| NVDA Nvidia Corp. | 0.15% | 21,047 | $3.9M | Reduce -5.8% |
| AEM Agnico Eagle Mines Ltd. | 0.14% | 21,485 | $3.6M | Reduce -9.5% |
| BDX Becton Dickinson and Co. | 0.14% | 18,754 | $3.6M | Reduce -3.8% |
| MEOH Methanex Corp. | 0.14% | 90,577 | $3.6M | Add +1.4% |
| SHEL Shell PLC-ADR | 0.14% | 48,463 | $3.6M | Add +4.6% |
| DPZ Domino's Pizza Inc. | 0.13% | 8,496 | $3.5M | Add +0.8% |
| ORCL Oracle Corp. | 0.13% | 18,165 | $3.5M | Add +225.8% |
| HIG Hartford Insurance Group Inc. | 0.13% | 24,769 | $3.4M | Add +4.4% |
| VZ Verizon Communications Inc. | 0.13% | 83,708 | $3.4M | Add +3.7% |
| WM Waste Management Inc. | 0.13% | 15,431 | $3.4M | Add +4.4% |
| ALB Albemarle Corp. | 0.12% | 22,557 | $3.2M | Reduce -3.0% |
| MLM Martin Marietta Materials | 0.12% | 5,029 | $3.1M | Add +5.3% |
| OTEX Open Text Corp. | 0.12% | 95,428 | $3.1M | Reduce -7.4% |
| UNH Unitedhealth Group Inc. | 0.12% | 9,358 | $3.1M | Reduce -27.3% |
| EQIX Equinix Inc. | 0.12% | 3,995 | $3.1M | Reduce -3.7% |
| TXN Texas Instruments Inc. | 0.11% | 17,353 | $3.0M | Add +0.9% |
| MDT Medtronic PLC | 0.11% | 29,881 | $2.9M | Add +1.1% |
| HEI Heico Corp. | 0.11% | 8,801 | $2.8M | Add +2.1% |
| ABBV Abbvie Inc. | 0.10% | 11,949 | $2.7M | Add +4.4% |
| TU Telus Corp. | 0.10% | 206,276 | $2.7M | Reduce -31.4% |
| DHR Danaher Corp. | 0.10% | 11,601 | $2.7M | Reduce -16.1% |
| HD Home Depot Inc. | 0.10% | 7,682 | $2.6M | Add +8.4% |
| ATR Aptargroup Inc. | 0.10% | 20,787 | $2.5M | Add +5.6% |
| B Barrick Mining Corp. | 0.09% | 56,376 | $2.5M | Reduce -0.3% |
| DSGX The Descartes Systems Grp | 0.09% | 27,371 | $2.4M | Add +0.8% |
| SNY Sanofi-ADR | 0.09% | 47,717 | $2.3M | Add +1.2% |
| LOW Lowe's Cos Inc. | 0.09% | 9,433 | $2.3M | Reduce -39.6% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $5K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 278 | $3K | Add +7.3% |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 200 | $1K | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 27 | $520 | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 51 | $136 | No change |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q3 2025 → Q4 2025
| MIDD Middleby Corp. | Reduce -99.6% | 0.01% | −1.81 |
| BALL Ball Corp. | Reduce -99.9% | 0.00% | −1.55 |
| PEP Pepsico Inc. | Reduce -9.4% | 1.14% | −0.18 |
| TRI Thomson Reuters Corp. | Reduce -18.8% | 0.29% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -5.1% | 0.43% | −0.09 |
| TU Telus Corp. | Reduce -31.4% | 0.10% | −0.09 |
| MSI Motorola Solutions Inc. | Reduce -42.7% | 0.06% | −0.08 |
| CNI Canadian Natl Railway Co. | Reduce -9.1% | 0.63% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -39.6% | 0.09% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -27.3% | 0.12% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -55.0% | 0.04% | −0.06 |
| RACE Ferrari NV | Sold out | 0.00% | −0.06 |
| XPEV Xpeng Inc. - ADR | Reduce -99.8% | 0.00% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Reduce -99.8% | 0.00% | −0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -85.5% | 0.01% | −0.06 |
| BA The Boeing Co. | Sold out | 0.00% | −0.05 |
| RBA RB Global Inc. | Reduce -0.2% | 0.39% | −0.05 |
| FISV Fiserv Inc. | Reduce -99.9% | 0.00% | −0.05 |
| KO The Coca-Cola Co. | Reduce -69.8% | 0.02% | −0.04 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.04 |
| OTEX Open Text Corp. | Reduce -7.4% | 0.12% | −0.04 |
| EOG EOG Resources Inc. | Reduce -98.2% | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.4% | 0.27% | −0.03 |
| MCD McDonald's Corp. | Reduce -4.8% | 0.28% | −0.03 |
| ISRG Intuitive Surgical Inc. | Reduce -96.0% | 0.00% | −0.03 |
| NKE Nike Inc. Class B | Reduce -29.5% | 0.05% | −0.03 |
| OTIS Otis Worldwide Corp. | Reduce -7.4% | 0.15% | −0.03 |
| LSPD Lightspeed Commerce Inc. | Reduce -99.8% | 0.00% | −0.03 |
| TJX TJX Companies Inc. | Reduce -5.7% | 0.46% | −0.03 |
| CRM Salesforce Inc. | Reduce -65.5% | 0.02% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -49.5% | 0.03% | −0.03 |
| ZTS Zoetis Inc. | Reduce -78.0% | 0.01% | −0.03 |
| DVN Devon Energy Corp. | Reduce -97.2% | 0.00% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -79.6% | 0.01% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -9.5% | 0.14% | −0.02 |
| SLF Sun Life Financial Inc. | Reduce -4.7% | 0.29% | −0.02 |
| WMT Walmart Inc. | Reduce -51.7% | 0.02% | −0.02 |
| NVDA Nvidia Corp. | Reduce -5.8% | 0.15% | −0.02 |
| NOW ServiceNow Inc. | Reduce -1.8% | 0.06% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -0.3% | 0.28% | −0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -83.5% | 0.00% | −0.02 |
| SPGI S&P Global Inc. | Reduce -1.6% | 1.50% | −0.02 |
| FSV Firstservice Corp. | Reduce -2.7% | 0.05% | −0.02 |
| FTS Fortis Inc. | Reduce -4.5% | 0.20% | −0.02 |
| CME Cme Group Inc. | Reduce -0.8% | 0.27% | −0.02 |
| WDAY Workday Inc. Class A | Reduce -17.3% | 0.04% | −0.02 |
| SONY Sony Group Corp. - SP ADR | Reduce -0.9% | 0.08% | −0.02 |
| BEPC Brookfield Renewable Corp. | Reduce -92.5% | 0.00% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -0.8% | 0.08% | −0.02 |
| EQIX Equinix Inc. | Reduce -3.7% | 0.12% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| SHW The Sherwin-Williams Co. | Add +3512.6% | 1.99% | +1.92 |
| AMZN Amazon.com Inc. | Add +314.9% | 1.86% | +1.41 |
| TMO Thermo Fisher Scientific Inc. | Add +27.3% | 3.24% | +0.96 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 4.60% | +0.82 |
| JPM JPMorgan Chase & Co. | Add +40.5% | 2.80% | +0.72 |
| TD Toronto-Dominion Bank | Add +1.9% | 6.06% | +0.66 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +49.0% | 1.61% | +0.48 |
| BGSI Boyd Group Services Inc. | New | 0.30% | +0.30 |
| RY Royal Bank of Canada | Add +4.5% | 1.80% | +0.21 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 1.11% | +0.20 |
| ITOT iShares Core S&P Total U.S. | Add +10.5% | 2.26% | +0.12 |
| IXUS iShares Core Intl Stock ETF | Add +10.6% | 1.94% | +0.11 |
| BNS Bank of Nova Scotia | Add +3.7% | 0.83% | +0.08 |
| UPS United Parcel Service Class B | Add +1884.2% | 0.08% | +0.07 |
| ORCL Oracle Corp. | Add +225.8% | 0.13% | +0.07 |
| QSR Restaurant Brands Intern | Add +2.8% | 2.60% | +0.06 |
| TTE Totalenergies SE | Add +32.0% | 0.17% | +0.05 |
| GIL Gildan Activewear Inc. | Add +29.6% | 0.19% | +0.04 |
| AAPL Apple Inc. | Add +6.8% | 0.70% | +0.04 |
| FAF First American Financial | New | 0.04% | +0.04 |
| ELV Elevance Health Inc. | New | 0.04% | +0.04 |
| COO The Cooper Cos Inc. | New | 0.04% | +0.04 |
| WAT Waters Corp. | Add +6.2% | 0.17% | +0.04 |
| MFC Manulife Financial Corp. | Add +6.0% | 0.25% | +0.03 |
| TFII Tfi International Inc. | Add +1.3% | 0.32% | +0.03 |
| EQX Equinox Gold Corp. | Add +208.2% | 0.04% | +0.03 |
| STN Stantec Inc. | Add +43.6% | 0.19% | +0.03 |
| CNQ Canadian Natural Resources | Add +1.7% | 3.42% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +4.5% | 0.16% | +0.02 |
| JNJ Johnson & Johnson | Add +6.1% | 0.24% | +0.02 |
| AMAT Applied Materials Inc. | Add +37683.3% | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +5.8% | 0.25% | +0.02 |
| LRCX Lam Research Corp. | New | 0.02% | +0.02 |
| SUNC Sunococorp LLC | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +6.7% | 0.05% | +0.02 |
| GIB Cgi Inc. | Add +3.8% | 1.87% | +0.01 |
| COR Cencora Inc. | Add +7.1% | 0.15% | +0.01 |
| SHOP Shopify Inc. Class A | Add +2.8% | 0.29% | +0.01 |
| BIP Brookfield Infrastructure Pa | Add +3.1% | 0.61% | +0.01 |
| ACN Accenture PLC Class A | Add +23.3% | 0.04% | +0.01 |
| PH Parker Hannifin Corp. | Add +4.6% | 0.07% | +0.01 |
| AME Ametek Inc. | Add +1.1% | 0.23% | +0.01 |
| XLE SS Energy Select Sector | Add +249.1% | 0.01% | +0.01 |
| AMGN Amgen Inc. | Add +4.2% | 0.05% | +0.01 |
| WCN Waste Connections Inc. | Add +8.6% | 0.37% | +0.00 |
| MGA Magna International Inc. | Add +0.2% | 0.08% | +0.00 |
| PPG PPG Industries Inc. | Add +48.3% | 0.01% | +0.00 |
| FCN Fti Consulting Inc. | Add +5.8% | 0.08% | +0.00 |
| SU Suncor Energy Inc. | Add +2.2% | 0.28% | +0.00 |
| SAN Banco Santander SA-Spon ADR | Add +11.4% | 0.02% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Add +7.3% | 278 | $3K |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | New | 200 | $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 |