BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reported 696 stock positions worth $18.9 billion. Its top holding was Nvidia (NVDA) at 5.3% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 5.2%) and Apple (AAPL, 4.4%). Compared with Q3 2025, it opened 31 new positions, sold out of 19, added to 530 and reduced 126. The biggest buy was Alphabet Class C (GOOG, shares +23%) and the biggest sale Canadian Natural Resources (CNQ, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- VICTORIA, A1
- CIK
- 0001228242
- Portfolio Value
- $18.9B (Q4 2025)
- SEC Filing
- 0001228242-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 696 stocks · $18.9B
| NVDA Nvidia Corp. | 5.32% | 5,397,430 | $1.0B | Add +6.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 5.21% | 12,224,618 | $985.7M | Add +8.9% |
| AAPL Apple Inc. | 4.45% | 3,094,711 | $841.3M | Add +11.2% |
| MSFT Microsoft Corp. | 4.39% | 1,717,370 | $830.6M | Add +7.3% |
| USHY iShares Broad Usd High Yield | 3.35% | 16,960,000 | $634.2M | Add +17.8% |
| AMZN Amazon.com Inc. | 2.99% | 2,451,778 | $565.9M | Add +12.6% |
| GOOGL Alphabet Inc. Class A | 2.40% | 1,451,689 | $454.4M | Add +2.6% |
| RY Royal Bank of Canada | 2.14% | 2,379,139 | $405.6M | Reduce -17.8% |
| SHOP Shopify Inc. Class A | 1.92% | 2,257,790 | $363.5M | Reduce -7.9% |
| META Meta Platforms Inc. Class A | 1.76% | 505,656 | $333.8M | Add +2.7% |
| AVGO Broadcom Inc. | 1.75% | 957,944 | $331.5M | Add +12.8% |
| GOOG Alphabet Inc. Class C | 1.44% | 867,402 | $272.2M | Add +22.6% |
| TD Toronto-Dominion Bank | 1.41% | 2,829,431 | $266.7M | Reduce -28.7% |
| TSLA Tesla Inc. | 1.27% | 535,045 | $240.6M | Add +16.8% |
| WCN Waste Connections Inc. | 0.98% | 1,062,292 | $186.3M | Add +49.6% |
| BN Brookfield Corp. | 0.87% | 3,565,901 | $163.7M | Add +47.6% |
| LLY Eli Lilly & Co. | 0.85% | 150,507 | $161.7M | Add +12.0% |
| JPM JPMorgan Chase & Co. | 0.83% | 487,943 | $157.2M | Add +21.9% |
| TRP TC Energy Corp. | 0.80% | 2,763,785 | $152.2M | Add +31.7% |
| V Visa Inc. Class A | 0.71% | 383,213 | $134.4M | Reduce -14.3% |
| AEM Agnico Eagle Mines Ltd. | 0.68% | 755,833 | $128.2M | Reduce -15.9% |
| FNV Franco-Nevada Corp. | 0.67% | 612,815 | $127.0M | Add +44.0% |
| ENB Enbridge Inc. | 0.65% | 2,569,739 | $123.0M | Add +35.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 244,623 | $123.0M | Add +25.4% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.64% | 935,883 | $121.5M | Add +50.7% |
| CP Canadian Pacific Kansas City | 0.64% | 1,649,718 | $121.5M | Reduce -14.0% |
| JNK SS SPDR BB High Yield Bond | 0.63% | 1,221,000 | $118.7M | No change |
| WMT Walmart Inc. | 0.59% | 1,005,743 | $112.0M | Add +11.3% |
| RYN Rayonier Inc. | 0.58% | 5,064,660 | $109.6M | Add +4.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 1,954,041 | $107.5M | Reduce -17.8% |
| B Barrick Mining Corp. | 0.56% | 2,443,096 | $106.4M | Reduce -50.0% |
| CLS Celestica Inc. | 0.53% | 337,300 | $99.8M | Reduce -24.9% |
| BAM Brookfield Asset Mgmt-A | 0.52% | 1,862,722 | $97.6M | Reduce -22.1% |
| XOM Exxon Mobil Corp. | 0.48% | 756,387 | $91.0M | Add +21.9% |
| JNJ Johnson & Johnson | 0.47% | 427,282 | $88.4M | Add +23.3% |
| MA Mastercard Inc. Class A | 0.46% | 151,235 | $86.3M | Add +22.7% |
| BIP Brookfield Infrastructure Pa | 0.44% | 2,382,890 | $82.8M | Add +12.3% |
| CNI Canadian Natl Railway Co. | 0.43% | 820,775 | $81.2M | Add +142.3% |
| AQN Algonquin Power & Utilities | 0.43% | 13,084,592 | $80.5M | Reduce -0.2% |
| SU Suncor Energy Inc. | 0.42% | 1,785,496 | $79.3M | Add +5.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.41% | 523,414 | $76.9M | Add +144.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.39% | 819,777 | $74.3M | Add +53.3% |
| NFLX Netflix Inc. | 0.39% | 786,388 | $73.7M | Add +20.3% |
| XLI SS Industrial Select Sector | 0.39% | 475,240 | $73.7M | Add +21.6% |
| PLTR Palantir Technologies Inc. Class A | 0.38% | 403,750 | $71.8M | Add +23.8% |
| ABBV Abbvie Inc. | 0.38% | 313,424 | $71.6M | Add +23.2% |
| PPH Vaneck Pharmaceutical ETF | 0.38% | 688,611 | $71.0M | New |
| RBA RB Global Inc. | 0.38% | 689,856 | $71.0M | Add +10.4% |
| EWJ iShares MSCI Japan ETF | 0.36% | 841,186 | $67.9M | Reduce -28.8% |
| COST Costco Wholesale Corp. | 0.36% | 78,627 | $67.8M | Add +23.1% |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 115,941 | $67.2M | Reduce -30.8% |
| CVE Cenovus Energy Inc. | 0.35% | 3,876,731 | $65.6M | Add +37.3% |
| INTU Intuit Inc. | 0.33% | 93,893 | $62.2M | Reduce -16.1% |
| ORCL Oracle Corp. | 0.33% | 319,047 | $62.2M | Add +12.6% |
| AMD Advanced Micro Devices | 0.33% | 287,971 | $61.7M | Add +23.4% |
| HD Home Depot Inc. | 0.32% | 176,629 | $60.8M | Add +23.3% |
| PG The Procter & Gamble Co. | 0.31% | 415,324 | $59.5M | Add +23.0% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 188,173 | $58.0M | Add +22.6% |
| CRM Salesforce Inc. | 0.30% | 217,404 | $57.6M | Add +16.4% |
| MU Micron Technology Inc. | 0.30% | 199,179 | $56.8M | Add +23.7% |
| XLF SS Financial Select Sector | 0.30% | 1,034,655 | $56.7M | Reduce -41.4% |
| CNQ Canadian Natural Resources | 0.30% | 1,648,978 | $55.9M | Reduce -64.3% |
| SPGI S&P Global Inc. | 0.29% | 105,565 | $55.2M | Add +1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 481,614 | $54.8M | Add +1.6% |
| SCHW Schwab (charles) Corp. | 0.29% | 546,004 | $54.6M | Add +119.8% |
| CSCO Cisco Systems Inc. | 0.29% | 701,506 | $54.0M | Add +22.5% |
| T AT&T Inc. | 0.28% | 2,136,077 | $53.1M | Add +8.0% |
| UNH Unitedhealth Group Inc. | 0.28% | 160,710 | $53.1M | Add +23.1% |
| WFC Wells Fargo & Co. | 0.28% | 568,461 | $53.0M | Reduce -47.4% |
| TRI Thomson Reuters Corp. | 0.28% | 399,341 | $52.7M | Add +269.9% |
| NTR Nutrien Ltd. | 0.28% | 852,399 | $52.6M | Add +204.2% |
| CVX Chevron Corp. | 0.28% | 342,089 | $52.1M | Add +21.2% |
| WM Waste Management Inc. | 0.27% | 234,312 | $51.5M | Reduce -29.3% |
| KO The Coca-Cola Co. | 0.27% | 725,513 | $50.7M | Add +23.2% |
| CVS CVS Health Corp. | 0.27% | 636,118 | $50.5M | Add +51.9% |
| BGSI Boyd Group Services Inc. | 0.26% | 312,450 | $49.8M | New |
| TECK Teck Resources Ltd.-CLS B | 0.26% | 1,033,875 | $49.5M | Add +133.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 320,193 | $49.2M | Add +1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 165,301 | $49.0M | Add +23.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.25% | 647,961 | $47.8M | Reduce -9.4% |
| CAT Caterpillar Inc. | 0.25% | 83,131 | $47.6M | Add +22.8% |
| GS Goldman Sachs Group Inc. | 0.25% | 53,717 | $47.2M | Add +21.6% |
| MRK Merck & Co. Inc. | 0.25% | 443,226 | $46.7M | Add +22.6% |
| MFC Manulife Financial Corp. | 0.25% | 1,282,595 | $46.6M | Reduce -66.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 66,897 | $45.6M | Add +15.9% |
| NOW ServiceNow Inc. | 0.24% | 291,615 | $44.7M | Add +10.0% |
| PM Philip Morris International | 0.23% | 276,217 | $44.3M | Add +23.3% |
| ISRG Intuitive Surgical Inc. | 0.23% | 77,590 | $43.9M | Add +12.7% |
| RTX RTX Corp. | 0.23% | 237,525 | $43.6M | Add +23.5% |
| URI United Rentals Inc. | 0.23% | 53,189 | $43.0M | Reduce -39.3% |
| MCK McKesson Corp. | 0.23% | 52,232 | $42.8M | Reduce -41.4% |
| WPM Wheaton Precious Metals Corp. | 0.23% | 363,306 | $42.7M | Reduce -60.1% |
| XLE SS Energy Select Sector | 0.22% | 937,446 | $41.9M | Add +2.4% |
| UBER Uber Technologies Inc. | 0.22% | 509,326 | $41.6M | Add +7.1% |
| SRE Sempra | 0.22% | 465,072 | $41.1M | Reduce -38.7% |
| MCD McDonald's Corp. | 0.20% | 126,629 | $38.7M | Add +23.0% |
| ABT Abbott Laboratories | 0.20% | 308,844 | $38.7M | Add +23.3% |
| LRCX Lam Research Corp. | 0.20% | 223,767 | $38.3M | Add +21.6% |
| C Citigroup Inc. | 0.20% | 326,674 | $38.1M | Add +23.3% |
| TMUS T-Mobile US Inc. | 0.20% | 187,466 | $38.1M | Reduce -10.9% |
Options reported separately and not counted above: WMT puts ($32.5M).
Portfolio Sells Q3 2025 → Q4 2025
| CNQ Canadian Natural Resources | Reduce -64.3% | 0.30% | −0.55 |
| MFC Manulife Financial Corp. | Reduce -66.9% | 0.25% | −0.45 |
| TD Toronto-Dominion Bank | Reduce -28.7% | 1.41% | −0.41 |
| WPM Wheaton Precious Metals Corp. | Reduce -60.1% | 0.23% | −0.36 |
| B Barrick Mining Corp. | Reduce -50.0% | 0.56% | −0.36 |
| CCJ Cameco Corp. | Reduce -67.8% | 0.15% | −0.31 |
| RY Royal Bank of Canada | Reduce -17.8% | 2.14% | −0.30 |
| BAM Brookfield Asset Mgmt-A | Reduce -22.1% | 0.52% | −0.26 |
| URI United Rentals Inc. | Reduce -39.3% | 0.23% | −0.25 |
| XLF SS Financial Select Sector | Reduce -41.4% | 0.30% | −0.25 |
| FISV Fiserv Inc. | Reduce -74.5% | 0.03% | −0.24 |
| WFC Wells Fargo & Co. | Reduce -47.4% | 0.28% | −0.24 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.22 |
| AJG Arthur J Gallagher & Co. | Reduce -68.7% | 0.06% | −0.20 |
| AEM Agnico Eagle Mines Ltd. | Reduce -15.9% | 0.68% | −0.19 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -65.5% | 0.11% | −0.19 |
| EXR Extra Space Storage Inc. | Reduce -85.7% | 0.03% | −0.19 |
| EWJ iShares MSCI Japan ETF | Reduce -28.8% | 0.36% | −0.18 |
| APD Air Products & Chemicals Inc. | Reduce -73.4% | 0.05% | −0.18 |
| CP Canadian Pacific Kansas City | Reduce -14.0% | 0.64% | −0.18 |
| SRE Sempra | Reduce -38.7% | 0.22% | −0.17 |
| CCEP Coca-Cola Europacific Partne | Reduce -53.2% | 0.13% | −0.17 |
| MCK McKesson Corp. | Reduce -41.4% | 0.23% | −0.17 |
| LAD Lithia Motors Inc. | Reduce -58.6% | 0.11% | −0.16 |
| V Visa Inc. Class A | Reduce -14.3% | 0.71% | −0.16 |
| SHOP Shopify Inc. Class A | Reduce -7.9% | 1.92% | −0.16 |
| STE Steris PLC | Reduce -43.4% | 0.18% | −0.15 |
| WM Waste Management Inc. | Reduce -29.3% | 0.27% | −0.15 |
| FERG Ferguson Enterprises Inc. | Reduce -36.0% | 0.20% | −0.14 |
| BAC Bank of America Corp. | Reduce -17.8% | 0.57% | −0.13 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -34.7% | 0.11% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -30.8% | 0.35% | −0.11 |
| INTU Intuit Inc. | Reduce -16.1% | 0.33% | −0.11 |
| CLS Celestica Inc. | Reduce -24.9% | 0.53% | −0.11 |
| SLF Sun Life Financial Inc. | Reduce -38.4% | 0.15% | −0.10 |
| CMG Chipotle Mexican Grill Inc. | Reduce -37.1% | 0.12% | −0.10 |
| VMC Vulcan Materials Co. | Reduce -34.4% | 0.12% | −0.09 |
| A Agilent Technologies Inc. | Reduce -37.6% | 0.14% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -10.9% | 0.20% | −0.09 |
| LNG Cheniere Energy Inc. | Reduce -7.8% | 0.20% | −0.08 |
| ELV Elevance Health Inc. | Reduce -49.1% | 0.07% | −0.07 |
| AZO AutoZone Inc. | Reduce -6.2% | 0.14% | −0.06 |
| TEAM Atlassian Corp. Class A | Reduce -69.8% | 0.03% | −0.06 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -21.6% | 0.18% | −0.06 |
| TPR Tapestry Inc. | Reduce -69.3% | 0.03% | −0.05 |
| GRAB Grab Holdings Ltd. Class A | Reduce -99.0% | 0.00% | −0.05 |
| AU Anglogold Ashanti PLC | Reduce -37.6% | 0.12% | −0.05 |
| PDD PDD Holdings Inc. | Reduce -0.5% | 0.16% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -30.5% | 0.08% | −0.04 |
| PWR Quanta Services Inc. | Reduce -19.4% | 0.12% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +22.6% | 1.44% | +0.45 |
| GOOGL Alphabet Inc. Class A | Add +2.6% | 2.40% | +0.43 |
| AAPL Apple Inc. | Add +11.2% | 4.45% | +0.39 |
| PPH Vaneck Pharmaceutical ETF | New | 0.38% | +0.38 |
| WCN Waste Connections Inc. | Add +49.6% | 0.98% | +0.27 |
| LLY Eli Lilly & Co. | Add +12.0% | 0.85% | +0.27 |
| BGSI Boyd Group Services Inc. | New | 0.26% | +0.26 |
| AMZN Amazon.com Inc. | Add +12.6% | 2.99% | +0.25 |
| CNI Canadian Natl Railway Co. | Add +142.3% | 0.43% | +0.25 |
| USHY iShares Broad Usd High Yield | Add +17.8% | 3.35% | +0.24 |
| BN Brookfield Corp. | Add +47.6% | 0.87% | +0.23 |
| CIGI Colliers Intl GR-Subord Vot | Add +144.3% | 0.41% | +0.21 |
| NTR Nutrien Ltd. | Add +204.2% | 0.28% | +0.18 |
| TRI Thomson Reuters Corp. | Add +269.9% | 0.28% | +0.18 |
| BMO Bank of Montreal | Add +50.7% | 0.64% | +0.18 |
| SCHW Schwab (charles) Corp. | Add +119.8% | 0.29% | +0.15 |
| TRP TC Energy Corp. | Add +31.7% | 0.80% | +0.15 |
| TECK Teck Resources Ltd.-CLS B | Add +133.8% | 0.26% | +0.15 |
| CM Can Imperial BK of Commerce | Add +53.3% | 0.39% | +0.15 |
| AVGO Broadcom Inc. | Add +12.8% | 1.75% | +0.15 |
| MU Micron Technology Inc. | Add +23.7% | 0.30% | +0.15 |
| XLP SS Consumer Staples Sel Sect | New | 0.13% | +0.13 |
| FNV Franco-Nevada Corp. | Add +44.0% | 0.67% | +0.13 |
| BURL Burlington Stores Inc. | Add +837.0% | 0.13% | +0.12 |
| USB US Bancorp | Add +172.0% | 0.17% | +0.11 |
| AMD Advanced Micro Devices | Add +23.4% | 0.33% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +21.9% | 0.83% | +0.11 |
| PNC PNC Financial Services Group | Add +171.9% | 0.17% | +0.11 |
| TSLA Tesla Inc. | Add +16.8% | 1.27% | +0.11 |
| ENB Enbridge Inc. | Add +35.3% | 0.65% | +0.10 |
| JNJ Johnson & Johnson | Add +23.3% | 0.47% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +25.4% | 0.65% | +0.09 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.09% | +0.09 |
| CVS CVS Health Corp. | Add +51.9% | 0.27% | +0.09 |
| MMYT Makemytrip Ltd. | New | 0.08% | +0.08 |
| XOM Exxon Mobil Corp. | Add +21.9% | 0.48% | +0.08 |
| MRK Merck & Co. Inc. | Add +22.6% | 0.25% | +0.07 |
| CVE Cenovus Energy Inc. | Add +37.3% | 0.35% | +0.07 |
| CAT Caterpillar Inc. | Add +22.8% | 0.25% | +0.07 |
| YUMC Yum China Holdings Inc. | Add +74.4% | 0.16% | +0.07 |
| LRCX Lam Research Corp. | Add +21.6% | 0.20% | +0.06 |
| CSCO Cisco Systems Inc. | Add +22.5% | 0.29% | +0.06 |
| WMT Walmart Inc. | Add +11.3% | 0.59% | +0.06 |
| KRE SS SPDR S&P Regional Bank | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | Add +22.4% | 0.19% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +12.7% | 0.23% | +0.06 |
| MA Mastercard Inc. Class A | Add +22.7% | 0.46% | +0.05 |
| CRM Salesforce Inc. | Add +16.4% | 0.30% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +21.6% | 0.25% | +0.05 |
| C Citigroup Inc. | Add +23.3% | 0.20% | +0.05 |
Options Activity Q3 2025 → Q4 2025
| WMT Walmart Inc. | put | New | 291,600 | $32.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 658 | $16.0B | NVDA, AAPL, TD, RY, USHY |
| Q1 2026 | 688 | $16.9B | HYG, USHY, NVDA, AAPL, BG |
| Q4 2025 | 696 | $18.9B | NVDA, HYG, AAPL, MSFT, USHY |
| Q3 2025 | 683 | $17.5B | NVDA, HYG, MSFT, AAPL, USHY |
| Q2 2025 | 678 | $17.2B | HYG, MSFT, NVDA, AAPL, USHY |
| Q1 2025 | 707 | $16.2B | MSFT, AAPL, NVDA, HYG, AMZN |
| Q4 2024 | 727 | $16.8B | NVDA, MSFT, AAPL, AMZN, HYG |
| Q3 2024 | 725 | $16.7B | TD, MSFT, NVDA, AAPL, RY |
| Q2 2024 | 732 | $16.6B | MSFT, NVDA, TD, AAPL, HYG |
| Q1 2024 | 788 | $14.5B | MSFT, TD, NVDA, HYG, RY |