Caisse de depot et placement du Quebec
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Caisse de depot et placement du Quebec reported 460 stock positions worth $41.2 billion. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Nvidia (NVDA, 4.5%) and Apple (AAPL, 4.1%). Compared with Q1 2024, it opened 74 new positions, sold out of 96, added to 176 and reduced 188. The biggest buy was Apple (AAPL, shares +6%) and the biggest sale Cgi (GIB, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0000898286
- Portfolio Value
- $41.2B (Q2 2024)
- SEC Filing
- 0001140361-24-037354 ↗ filed Aug 14, 2024
Holdings Value
Holdings 460 stocks · $41.2B
| MSFT Microsoft Corp. | 4.73% | 4,355,887 | $1.9B | Add +0.3% |
| NVDA Nvidia Corp. | 4.54% | 15,131,708 | $1.9B | Reduce -18.3% |
| AAPL Apple Inc. | 4.15% | 8,107,652 | $1.7B | Add +5.7% |
| GIB Cgi Inc. | 3.89% | 16,060,487 | $1.6B | Reduce -15.2% |
| CNI Canadian Natl Railway Co. | 3.59% | 12,496,600 | $1.5B | No change |
| META Meta Platforms Inc. Class A | 2.10% | 1,712,005 | $863.2M | Reduce -11.0% |
| AMZN Amazon.com Inc. | 1.99% | 4,245,908 | $820.5M | Add +13.0% |
| GOOGL Alphabet Inc. Class A | 1.91% | 4,325,467 | $787.9M | Reduce -20.9% |
| MA Mastercard Inc. Class A | 1.73% | 1,616,603 | $713.2M | Reduce -4.0% |
| LLY Eli Lilly & Co. | 1.51% | 685,863 | $621.0M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 1.33% | 2,982,969 | $547.1M | Add +27.6% |
| BCE Bce Inc. | 1.32% | 16,737,289 | $542.0M | Reduce -3.9% |
| CSCO Cisco Systems Inc. | 1.27% | 10,978,530 | $521.6M | Reduce -12.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.16% | 1,178,543 | $479.4M | Add +52.8% |
| CAE Cae Inc. | 1.11% | 24,604,237 | $456.9M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.10% | 5,419,567 | $454.8M | Reduce -2.5% |
| MCK McKesson Corp. | 0.98% | 692,740 | $404.6M | Add +22.0% |
| MRK Merck & Co. Inc. | 0.96% | 3,194,088 | $395.4M | Reduce -15.8% |
| TFII Tfi International Inc. | 0.93% | 2,634,300 | $382.4M | Add +27.8% |
| VZ Verizon Communications Inc. | 0.93% | 9,254,106 | $381.6M | Add +10.3% |
| JNJ Johnson & Johnson | 0.90% | 2,538,857 | $371.1M | Reduce -14.7% |
| XLF SS Financial Select Sector | 0.90% | 8,973,300 | $368.9M | Add +66.3% |
| ELV Elevance Health Inc. | 0.81% | 618,078 | $334.9M | Add +1.5% |
| LSPD Lightspeed Commerce Inc. | 0.81% | 24,286,219 | $331.9M | No change |
| PFE Pfizer Inc. | 0.74% | 10,854,368 | $303.7M | Reduce -5.1% |
| COST Costco Wholesale Corp. | 0.73% | 353,933 | $300.8M | Reduce -1.4% |
| AMAT Applied Materials Inc. | 0.72% | 1,265,114 | $298.6M | Add +19.3% |
| JPM JPMorgan Chase & Co. | 0.68% | 1,390,395 | $281.2M | Add +26.3% |
| CRM Salesforce Inc. | 0.68% | 1,090,797 | $280.4M | Add +35.3% |
| RSG Republic Services Inc. | 0.67% | 1,414,307 | $274.9M | Add +63.3% |
| T AT&T Inc. | 0.65% | 13,936,038 | $266.3M | Reduce -6.1% |
| CL Colgate-Palmolive Co. | 0.64% | 2,695,116 | $261.5M | Reduce -3.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.63% | 555,665 | $260.5M | Reduce -35.0% |
| WMT Walmart Inc. | 0.63% | 3,802,335 | $257.5M | Add +13.4% |
| V Visa Inc. Class A | 0.62% | 978,392 | $256.8M | Reduce -2.7% |
| INTC Intel Corp. | 0.59% | 7,900,130 | $244.7M | Add +0.3% |
| DUK Duke Energy Corp. | 0.59% | 2,423,745 | $242.9M | Add +51.9% |
| MRSH Marsh & McLennan Cos | 0.58% | 1,137,365 | $239.7M | Reduce -18.3% |
| VNQ Vanguard Real Estate ETF | 0.58% | 2,841,900 | $238.0M | Reduce -38.5% |
| XLP SS Consumer Staples Sel Sect | 0.57% | 3,042,900 | $233.0M | Reduce -33.9% |
| AZO AutoZone Inc. | 0.56% | 78,003 | $231.2M | Add +32.1% |
| CMCSA Comcast Corp. Class A | 0.56% | 5,886,519 | $230.5M | Add +40.5% |
| AVGO Broadcom Inc. | 0.55% | 142,222 | $228.3M | Reduce -53.6% |
| UNH Unitedhealth Group Inc. | 0.55% | 448,216 | $228.3M | Reduce -21.1% |
| NFLX Netflix Inc. | 0.53% | 321,855 | $217.2M | Add +12.2% |
| ADBE Adobe Inc. | 0.53% | 390,644 | $217.0M | Reduce -20.0% |
| PEP Pepsico Inc. | 0.51% | 1,284,155 | $211.8M | Add +8.6% |
| RY Royal Bank of Canada | 0.51% | 1,976,635 | $210.4M | Reduce -0.0% |
| LEN Lennar Corp. Class A | 0.50% | 1,387,065 | $207.9M | Add +10.4% |
| CB Chubb Ltd. | 0.48% | 782,924 | $199.7M | Add +79.9% |
| CAT Caterpillar Inc. | 0.47% | 581,923 | $193.8M | Add +145.3% |
| YUM Yum! Brands Inc. | 0.45% | 1,389,405 | $184.0M | Add +14.5% |
| PG The Procter & Gamble Co. | 0.44% | 1,105,588 | $182.3M | Add +24.3% |
| TSLA Tesla Inc. | 0.44% | 911,984 | $180.5M | Add +45.7% |
| PGR Progressive Corp. | 0.43% | 852,141 | $177.0M | Add +43.5% |
| QCOM Qualcomm Inc. | 0.43% | 887,420 | $176.8M | Add +57.7% |
| ROP Roper Technologies Inc. | 0.43% | 311,420 | $175.5M | Add +7.0% |
| MDT Medtronic PLC | 0.42% | 2,196,473 | $172.9M | Reduce -16.6% |
| XLV SS Health Care Select Sector | 0.42% | 1,177,600 | $171.6M | New |
| C Citigroup Inc. | 0.41% | 2,666,199 | $169.2M | Reduce -9.4% |
| GS Goldman Sachs Group Inc. | 0.40% | 362,052 | $163.8M | Add +31.3% |
| BKNG Booking Holdings Inc. | 0.40% | 41,144 | $163.0M | Reduce -2.9% |
| UBER Uber Technologies Inc. | 0.39% | 2,217,774 | $161.2M | Add +17.8% |
| DHI D.R. Horton Inc. | 0.39% | 1,142,120 | $161.0M | Add +7.4% |
| LIN Linde PLC | 0.38% | 356,246 | $156.3M | Add +164.5% |
| BAH Booz Allen Hamilton Holdings | 0.37% | 1,002,480 | $154.3M | Reduce -20.8% |
| ORCL Oracle Corp. | 0.37% | 1,081,397 | $152.7M | Reduce -1.4% |
| MDLZ Mondelez International Inc. Class A | 0.37% | 2,317,033 | $151.6M | Reduce -19.1% |
| ICE Intercontinental Exchange Inc. | 0.36% | 1,069,791 | $146.4M | Reduce -30.6% |
| REGN Regeneron Pharmaceuticals | 0.35% | 138,797 | $145.9M | Reduce -39.1% |
| ES Eversource Energy | 0.35% | 2,524,463 | $143.2M | Add +28.9% |
| KO The Coca-Cola Co. | 0.35% | 2,241,433 | $142.7M | Add +49.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 813,762 | $140.7M | Reduce -25.5% |
| CI The Cigna Group | 0.33% | 415,662 | $137.4M | Add +8.0% |
| PHM Pultegroup Inc. | 0.33% | 1,247,619 | $137.4M | Reduce -6.9% |
| MELI MercadoLibre Inc. | 0.33% | 81,974 | $134.7M | Add +1.4% |
| ANET Arista Networks Inc. | 0.32% | 374,546 | $131.3M | Add +2.9% |
| AEE Ameren Corporation | 0.32% | 1,838,869 | $130.8M | Reduce -18.9% |
| NVR NVR Inc. | 0.31% | 17,087 | $129.7M | Reduce -0.6% |
| CNC Centene Corp. | 0.31% | 1,911,315 | $126.7M | Add +4.9% |
| PCAR Paccar Inc. | 0.31% | 1,227,897 | $126.4M | Add +252.2% |
| ACN Accenture PLC Class A | 0.31% | 415,005 | $125.9M | Reduce -6.6% |
| BSX Boston Scientific Corp. | 0.29% | 1,557,498 | $119.9M | Reduce -1.4% |
| D Dominion Energy Inc. | 0.28% | 2,393,194 | $117.3M | Reduce -30.5% |
| NUE Nucor Corp. | 0.28% | 722,979 | $114.3M | Add +7.6% |
| CP Canadian Pacific Kansas City | 0.28% | 1,444,602 | $113.7M | Add +41.4% |
| STLD Steel Dynamics Inc. | 0.27% | 856,452 | $110.9M | Add +3.7% |
| AXP American Express Co. | 0.27% | 471,189 | $109.1M | Add +118.5% |
| OC Owens Corning | 0.26% | 626,346 | $108.8M | Add +38.1% |
| MSI Motorola Solutions Inc. | 0.26% | 281,559 | $108.7M | Add +237.2% |
| BLDR Builders Firstsource Inc. | 0.26% | 779,802 | $107.9M | Add +19.9% |
| LNG Cheniere Energy Inc. | 0.26% | 615,190 | $107.6M | Reduce -19.7% |
| WSM Williams-Sonoma Inc. | 0.26% | 379,840 | $107.3M | Add +73.1% |
| BN Brookfield Corp. | 0.25% | 2,515,285 | $104.6M | Reduce -18.1% |
| LOGI Logitech International-Reg | 0.25% | 1,078,905 | $104.4M | Add +10.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 2,592,927 | $103.1M | Add +19.9% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.25% | 114,002 | $102.9M | Add +7.5% |
| LULU Lululemon Athletica Inc. | 0.25% | 340,405 | $101.7M | Add +5.3% |
| J Jacobs Solutions Inc. | 0.24% | 721,639 | $100.8M | Reduce -9.4% |
| TDY Teledyne Technologies Inc. | 0.24% | 259,847 | $100.8M | Add +5.5% |
Options reported separately and not counted above: XLF calls ($9.9M).
Portfolio Sells Q1 2024 → Q2 2024
| GIB Cgi Inc. | Reduce -15.2% | 3.89% | −1.14 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -75.8% | 0.17% | −0.51 |
| WM Waste Management Inc. | Reduce -94.3% | 0.03% | −0.46 |
| AVGO Broadcom Inc. | Reduce -53.6% | 0.55% | −0.42 |
| VNQ Vanguard Real Estate ETF | Reduce -38.5% | 0.58% | −0.38 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.36 |
| XLP SS Consumer Staples Sel Sect | Reduce -33.9% | 0.57% | −0.28 |
| DELL Dell Technologies -C | Reduce -83.9% | 0.07% | −0.27 |
| MRK Merck & Co. Inc. | Reduce -15.8% | 0.96% | −0.24 |
| CSCO Cisco Systems Inc. | Reduce -12.6% | 1.27% | −0.24 |
| JNJ Johnson & Johnson | Reduce -14.7% | 0.90% | −0.23 |
| COR Cencora Inc. | Reduce -66.7% | 0.10% | −0.23 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -35.0% | 0.63% | −0.23 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 1.73% | −0.22 |
| GILD Gilead Sciences Inc. | Reduce -67.9% | 0.09% | −0.21 |
| BMO Bank of Montreal | Reduce -2.5% | 1.10% | −0.20 |
| CAH Cardinal Health Inc. | Reduce -83.4% | 0.03% | −0.20 |
| WRB WR Berkley Corp. | Reduce -54.7% | 0.13% | −0.18 |
| REGN Regeneron Pharmaceuticals | Reduce -39.1% | 0.35% | −0.17 |
| GDX Vaneck Gold Miners ETF | Reduce -68.8% | 0.09% | −0.17 |
| IBM Intl Business Machines Corp. | Reduce -25.5% | 0.34% | −0.16 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.16 |
| ICE Intercontinental Exchange Inc. | Reduce -30.6% | 0.36% | −0.15 |
| META Meta Platforms Inc. Class A | Reduce -11.0% | 2.10% | −0.15 |
| RHI Robert Half Inc. | Reduce -78.9% | 0.03% | −0.14 |
| CF CF Industries Holdings Inc. | Reduce -56.9% | 0.09% | −0.14 |
| ULTA Ulta Beauty Inc. | Reduce -28.6% | 0.16% | −0.14 |
| EXPD Expeditors Intl Wash Inc. | Reduce -56.3% | 0.11% | −0.14 |
| MDT Medtronic PLC | Reduce -16.6% | 0.42% | −0.13 |
| D Dominion Energy Inc. | Reduce -30.5% | 0.28% | −0.12 |
| NKE Nike Inc. Class B | Reduce -30.6% | 0.16% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -21.1% | 0.55% | −0.12 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.12 |
| MDLZ Mondelez International Inc. Class A | Reduce -19.1% | 0.37% | −0.11 |
| BCE Bce Inc. | Reduce -3.9% | 1.32% | −0.11 |
| MRSH Marsh & McLennan Cos | Reduce -18.3% | 0.58% | −0.11 |
| PLD Prologis Inc. | Reduce -84.3% | 0.02% | −0.11 |
| CVS CVS Health Corp. | Reduce -20.2% | 0.15% | −0.10 |
| BMY Bristol-Myers Squibb Co. | Reduce -12.5% | 0.20% | −0.10 |
| TECK Teck Resources Ltd.-CLS B | Reduce -45.9% | 0.12% | −0.09 |
| KLAC KLA Corp. | Reduce -73.2% | 0.04% | −0.09 |
| OTEX Open Text Corp. | Reduce -69.7% | 0.03% | −0.09 |
| SPGI S&P Global Inc. | Reduce -32.3% | 0.23% | −0.09 |
| AEE Ameren Corporation | Reduce -18.9% | 0.32% | −0.09 |
| BG Bunge Global SA | Reduce -48.7% | 0.09% | −0.08 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.08 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.08 |
| BAH Booz Allen Hamilton Holdings | Reduce -20.8% | 0.37% | −0.08 |
| VMC Vulcan Materials Co. | Reduce -86.6% | 0.01% | −0.08 |
| GPN Global Payments Inc. | Reduce -56.7% | 0.04% | −0.08 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +5.7% | 4.15% | +0.98 |
| GOOG Alphabet Inc. Class C | Add +27.6% | 1.33% | +0.47 |
| XLV SS Health Care Select Sector | New | 0.42% | +0.42 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +52.8% | 1.16% | +0.38 |
| AMZN Amazon.com Inc. | Add +13.0% | 1.99% | +0.36 |
| XLF SS Financial Select Sector | Add +66.3% | 0.90% | +0.35 |
| MSFT Microsoft Corp. | Add +0.3% | 4.73% | +0.33 |
| RSG Republic Services Inc. | Add +63.3% | 0.67% | +0.27 |
| CAT Caterpillar Inc. | Add +145.3% | 0.47% | +0.26 |
| MCK McKesson Corp. | Add +22.0% | 0.98% | +0.25 |
| LIN Linde PLC | Add +164.5% | 0.38% | +0.23 |
| DUK Duke Energy Corp. | Add +51.9% | 0.59% | +0.22 |
| CB Chubb Ltd. | Add +79.9% | 0.48% | +0.21 |
| PCAR Paccar Inc. | Add +252.2% | 0.31% | +0.20 |
| QCOM Qualcomm Inc. | Add +57.7% | 0.43% | +0.20 |
| AMAT Applied Materials Inc. | Add +19.3% | 0.72% | +0.20 |
| MSI Motorola Solutions Inc. | Add +237.2% | 0.26% | +0.19 |
| TSLA Tesla Inc. | Add +45.7% | 0.44% | +0.17 |
| EME Emcor Group Inc. | New | 0.17% | +0.17 |
| NBIX Neurocrine Biosciences Inc. | Add +332.6% | 0.22% | +0.17 |
| WEC WEC Energy Group Inc. | Add +248.8% | 0.23% | +0.16 |
| NRG NRG Energy Inc. | Add +1515.6% | 0.17% | +0.16 |
| GDDY GoDaddy Inc. Class A | New | 0.16% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +26.3% | 0.68% | +0.15 |
| ZM Zoom Communications Inc. | Add +234.4% | 0.22% | +0.15 |
| AXP American Express Co. | Add +118.5% | 0.27% | +0.15 |
| HCA HCA Healthcare Inc. | Add +1731.8% | 0.15% | +0.15 |
| NTAP Netapp Inc. | Add +339.9% | 0.17% | +0.14 |
| WMT Walmart Inc. | Add +13.4% | 0.63% | +0.14 |
| TFII Tfi International Inc. | Add +27.8% | 0.93% | +0.14 |
| PGR Progressive Corp. | Add +43.5% | 0.43% | +0.13 |
| KO The Coca-Cola Co. | Add +49.0% | 0.35% | +0.13 |
| CMCSA Comcast Corp. Class A | Add +40.5% | 0.56% | +0.12 |
| DOCU Docusign Inc. | Add +1277.0% | 0.13% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +31.3% | 0.40% | +0.12 |
| AZO AutoZone Inc. | Add +32.1% | 0.56% | +0.11 |
| UBS UBS Group AG-Reg | New | 0.11% | +0.11 |
| IWF iShares Russell 1000 Growth | New | 0.11% | +0.11 |
| ADI Analog Devices Inc. | Add +4410.6% | 0.11% | +0.11 |
| NFLX Netflix Inc. | Add +12.2% | 0.53% | +0.11 |
| WFC Wells Fargo & Co. | Add +234.9% | 0.15% | +0.11 |
| WCN Waste Connections Inc. | Add +77.4% | 0.24% | +0.11 |
| PEG Public Service Enterprise GP | Add +6535.2% | 0.11% | +0.11 |
| TMO Thermo Fisher Scientific Inc. | Add +108.9% | 0.21% | +0.11 |
| FDX FedEx Corp. | Add +1027.3% | 0.12% | +0.11 |
| DD Dupont DE Nemours Inc. | New | 0.10% | +0.10 |
| CEG Constellation Energy | New | 0.10% | +0.10 |
| SBUX Starbucks Corp. | Add +257.5% | 0.15% | +0.10 |
| CRM Salesforce Inc. | Add +35.3% | 0.68% | +0.10 |
| PG The Procter & Gamble Co. | Add +24.3% | 0.44% | +0.10 |
Options Activity Q1 2024 → Q2 2024
| XLF SS Financial Select Sector | call | New | 17,766,242 | $9.9M |
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 | 705 | $70.2B | AAPL, NVDA, CNI, MSFT, GOOGL |
| Q1 2026 | 684 | $62.4B | AAPL, NVDA, CNI, GOOGL, MSFT |
| Q4 2025 | 540 | $59.0B | AAPL, NVDA, MSFT, GOOGL, GIB |
| Q3 2025 | 539 | $55.5B | NVDA, MSFT, AAPL, GIB, GOOGL |
| Q2 2025 | 478 | $46.8B | MSFT, NVDA, AAPL, GIB, CNI |
| Q1 2025 | 591 | $47.7B | AAPL, GIB, MSFT, NVDA, CNI |
| Q4 2024 | 516 | $48.1B | AAPL, MSFT, GIB, NVDA, CNI |
| Q3 2024 | 495 | $50.3B | MSFT, AAPL, NVDA, GIB, CNI |
| Q2 2024 | 460 | $41.2B | MSFT, NVDA, AAPL, GIB, CNI |
| Q1 2024 | 481 | $41.6B | GIB, MSFT, NVDA, CNI, AAPL |