Caisse de depot et placement du Quebec
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Caisse de depot et placement du Quebec reported 495 stock positions worth $50.3 billion. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by Apple (AAPL, 4.4%) and Nvidia (NVDA, 4.1%). Compared with Q2 2024, it opened 89 new positions, sold out of 55, added to 243 and reduced 128. The biggest buy was Unitedhealth (UNH, shares +130%) and the biggest sale Cisco Systems (CSCO, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0000898286
- Portfolio Value
- $50.3B (Q3 2024)
- SEC Filing
- 0001140361-24-046962 ↗ filed Nov 14, 2024
Holdings Value
Holdings 495 stocks · $50.3B
| MSFT Microsoft Corp. | 4.55% | 5,313,752 | $2.3B | Add +22.0% |
| AAPL Apple Inc. | 4.44% | 9,583,232 | $2.2B | Add +18.2% |
| NVDA Nvidia Corp. | 4.12% | 17,066,936 | $2.1B | Add +12.8% |
| GIB Cgi Inc. | 3.73% | 16,290,487 | $1.9B | Add +1.4% |
| CNI Canadian Natl Railway Co. | 2.91% | 12,496,600 | $1.5B | No change |
| META Meta Platforms Inc. Class A | 2.18% | 1,910,940 | $1.1B | Add +11.6% |
| AMZN Amazon.com Inc. | 2.17% | 5,849,322 | $1.1B | Add +37.8% |
| GOOGL Alphabet Inc. Class A | 1.82% | 5,523,734 | $916.1M | Add +27.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 1,616,522 | $744.0M | Add +37.2% |
| MA Mastercard Inc. Class A | 1.48% | 1,503,518 | $742.4M | Reduce -7.0% |
| MRK Merck & Co. Inc. | 1.22% | 5,388,551 | $611.9M | Add +68.7% |
| LLY Eli Lilly & Co. | 1.20% | 679,796 | $602.3M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 1.20% | 1,029,540 | $602.0M | Add +129.7% |
| BCE Bce Inc. | 1.16% | 16,737,289 | $582.5M | No change |
| JPM JPMorgan Chase & Co. | 1.13% | 2,692,159 | $567.7M | Add +93.6% |
| JNJ Johnson & Johnson | 1.06% | 3,289,172 | $533.0M | Add +29.6% |
| AVGO Broadcom Inc. | 0.99% | 2,877,959 | $496.4M | Add +102.4% |
| GOOG Alphabet Inc. Class C | 0.97% | 2,930,489 | $489.9M | Reduce -1.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.97% | 5,419,567 | $489.6M | No change |
| WMT Walmart Inc. | 0.93% | 5,820,606 | $470.0M | Add +53.1% |
| TFII Tfi International Inc. | 0.92% | 3,380,696 | $463.6M | Add +28.3% |
| CAE Cae Inc. | 0.92% | 24,604,237 | $462.4M | No change |
| LSPD Lightspeed Commerce Inc. | 0.80% | 24,286,219 | $400.9M | No change |
| COST Costco Wholesale Corp. | 0.76% | 428,956 | $380.3M | Add +21.2% |
| PGR Progressive Corp. | 0.75% | 1,494,084 | $379.1M | Add +75.3% |
| VZ Verizon Communications Inc. | 0.73% | 8,199,465 | $368.2M | Reduce -11.4% |
| MCK McKesson Corp. | 0.71% | 727,002 | $359.4M | Add +5.0% |
| CRM Salesforce Inc. | 0.71% | 1,306,993 | $357.7M | Add +19.8% |
| TSLA Tesla Inc. | 0.69% | 1,318,087 | $344.9M | Add +44.5% |
| CB Chubb Ltd. | 0.67% | 1,172,267 | $338.1M | Add +49.7% |
| AMAT Applied Materials Inc. | 0.67% | 1,661,347 | $335.7M | Add +31.3% |
| PG The Procter & Gamble Co. | 0.64% | 1,854,581 | $321.2M | Add +67.8% |
| V Visa Inc. Class A | 0.63% | 1,160,422 | $319.1M | Add +18.6% |
| ELV Elevance Health Inc. | 0.62% | 596,019 | $309.9M | Reduce -3.6% |
| CAT Caterpillar Inc. | 0.61% | 782,133 | $305.9M | Add +34.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.60% | 7,608,305 | $301.9M | Add +193.4% |
| RSG Republic Services Inc. | 0.59% | 1,477,807 | $296.8M | Add +4.5% |
| RY Royal Bank of Canada | 0.58% | 2,336,354 | $291.9M | Add +18.2% |
| C Citigroup Inc. | 0.56% | 4,531,827 | $283.7M | Add +70.0% |
| HD Home Depot Inc. | 0.56% | 693,318 | $280.9M | Add +295.6% |
| DUK Duke Energy Corp. | 0.54% | 2,363,345 | $272.5M | Reduce -2.5% |
| QCOM Qualcomm Inc. | 0.54% | 1,584,292 | $269.4M | Add +78.5% |
| PFE Pfizer Inc. | 0.54% | 9,301,132 | $269.2M | Reduce -14.3% |
| AZO AutoZone Inc. | 0.52% | 82,369 | $259.5M | Add +5.6% |
| LEN Lennar Corp. Class A | 0.51% | 1,356,945 | $254.4M | Reduce -2.2% |
| T AT&T Inc. | 0.50% | 11,413,042 | $251.1M | Reduce -18.1% |
| MCD McDonald's Corp. | 0.49% | 801,858 | $244.2M | Add +542.9% |
| ROP Roper Technologies Inc. | 0.47% | 427,943 | $238.1M | Add +37.4% |
| NFLX Netflix Inc. | 0.46% | 328,982 | $233.3M | Add +2.2% |
| MRSH Marsh & McLennan Cos | 0.45% | 1,019,104 | $227.4M | Reduce -10.4% |
| MDLZ Mondelez International Inc. Class A | 0.45% | 3,068,477 | $226.1M | Add +32.4% |
| KO The Coca-Cola Co. | 0.44% | 3,088,135 | $221.9M | Add +37.8% |
| ORCL Oracle Corp. | 0.43% | 1,281,513 | $218.4M | Add +18.5% |
| PEP Pepsico Inc. | 0.43% | 1,267,691 | $215.6M | Reduce -1.3% |
| TMO Thermo Fisher Scientific Inc. | 0.42% | 344,068 | $212.8M | Add +116.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 1,786,652 | $210.0M | Add +161.3% |
| BAH Booz Allen Hamilton Holdings | 0.42% | 1,288,101 | $209.7M | Add +28.5% |
| KR Kroger Co. | 0.41% | 3,574,651 | $204.8M | Add +110.5% |
| REGN Regeneron Pharmaceuticals | 0.41% | 194,625 | $204.6M | Add +40.2% |
| AEE Ameren Corporation | 0.40% | 2,318,537 | $202.8M | Add +26.1% |
| ICE Intercontinental Exchange Inc. | 0.40% | 1,258,159 | $202.1M | Add +17.6% |
| CL Colgate-Palmolive Co. | 0.40% | 1,921,168 | $199.4M | Reduce -28.7% |
| BKNG Booking Holdings Inc. | 0.39% | 46,173 | $194.5M | Add +12.2% |
| MDT Medtronic PLC | 0.38% | 2,117,938 | $190.7M | Reduce -3.6% |
| MSI Motorola Solutions Inc. | 0.36% | 406,910 | $183.0M | Add +44.5% |
| WEC WEC Energy Group Inc. | 0.36% | 1,900,238 | $182.8M | Add +57.7% |
| DHR Danaher Corp. | 0.36% | 653,375 | $181.7M | Add +82.4% |
| ES Eversource Energy | 0.36% | 2,665,257 | $181.4M | Add +5.6% |
| ADBE Adobe Inc. | 0.36% | 347,015 | $179.7M | Reduce -11.2% |
| CI The Cigna Group | 0.35% | 507,299 | $175.7M | Add +22.1% |
| ACN Accenture PLC Class A | 0.34% | 489,830 | $173.1M | Add +18.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 371,969 | $173.0M | Reduce -33.1% |
| CP Canadian Pacific Kansas City | 0.34% | 2,010,385 | $172.1M | Add +39.2% |
| MELI MercadoLibre Inc. | 0.34% | 83,073 | $170.5M | Add +1.3% |
| UBER Uber Technologies Inc. | 0.33% | 2,224,623 | $167.2M | Add +0.3% |
| CMCSA Comcast Corp. Class A | 0.33% | 3,935,753 | $164.4M | Reduce -33.1% |
| DECK Deckers Outdoor Corp. | 0.32% | 1,011,073 | $161.2M | Add +67.4% |
| PHM Pultegroup Inc. | 0.32% | 1,119,388 | $160.7M | Reduce -10.3% |
| ENB Enbridge Inc. | 0.31% | 3,838,371 | $156.1M | Add +44.6% |
| D Dominion Energy Inc. | 0.30% | 2,652,194 | $153.3M | Add +10.8% |
| WFC Wells Fargo & Co. | 0.30% | 2,709,659 | $153.1M | Add +158.1% |
| DHI D.R. Horton Inc. | 0.30% | 799,677 | $152.6M | Reduce -30.0% |
| NVR NVR Inc. | 0.30% | 15,283 | $150.0M | Reduce -10.6% |
| LULU Lululemon Athletica Inc. | 0.29% | 546,162 | $148.2M | Add +60.4% |
| WTW Willis Towers Watson PLC | 0.29% | 499,965 | $147.3M | Add +47515.7% |
| OC Owens Corning | 0.29% | 824,013 | $145.5M | Add +31.6% |
| AXP American Express Co. | 0.29% | 534,851 | $145.1M | Add +13.5% |
| TD Toronto-Dominion Bank | 0.29% | 2,273,520 | $143.9M | Add +64.6% |
| BSX Boston Scientific Corp. | 0.28% | 1,705,757 | $142.9M | Add +9.5% |
| CMG Chipotle Mexican Grill Inc. | 0.28% | 2,471,335 | $142.4M | Add +123.3% |
| SPGI S&P Global Inc. | 0.28% | 274,493 | $141.8M | Add +29.7% |
| LNG Cheniere Energy Inc. | 0.28% | 773,445 | $139.1M | Add +25.7% |
| CSCO Cisco Systems Inc. | 0.28% | 2,598,125 | $138.3M | Reduce -76.3% |
| ANET Arista Networks Inc. | 0.26% | 342,468 | $131.4M | Reduce -8.6% |
| TDY Teledyne Technologies Inc. | 0.25% | 288,826 | $126.4M | Add +11.2% |
| TRP TC Energy Corp. | 0.25% | 2,646,100 | $125.9M | Add +4.6% |
| SHOP Shopify Inc. Class A | 0.25% | 1,559,921 | $125.1M | Add +10.7% |
| HCA HCA Healthcare Inc. | 0.25% | 304,819 | $123.9M | Add +53.5% |
| UTHR United Therapeutics Corp. | 0.24% | 343,744 | $123.2M | Add +32.5% |
| EME Emcor Group Inc. | 0.24% | 283,072 | $121.9M | Add +45.2% |
Options reported separately and not counted above: EEM calls ($15.9M).
Portfolio Sells Q2 2024 → Q3 2024
| CSCO Cisco Systems Inc. | Reduce -76.3% | 0.28% | −0.99 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.90 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.58 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.57 |
| INTC Intel Corp. | Reduce -60.0% | 0.15% | −0.45 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.42 |
| YUM Yum! Brands Inc. | Reduce -88.7% | 0.04% | −0.40 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 0.97% | −0.35 |
| LLY Eli Lilly & Co. | Reduce -0.9% | 1.20% | −0.31 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -33.1% | 0.34% | −0.29 |
| MA Mastercard Inc. Class A | Reduce -7.0% | 1.48% | −0.26 |
| CL Colgate-Palmolive Co. | Reduce -28.7% | 0.40% | −0.24 |
| BLDR Builders Firstsource Inc. | Reduce -91.8% | 0.02% | −0.24 |
| CMCSA Comcast Corp. Class A | Reduce -33.1% | 0.33% | −0.23 |
| PFE Pfizer Inc. | Reduce -14.3% | 0.54% | −0.20 |
| ELV Elevance Health Inc. | Reduce -3.6% | 0.62% | −0.20 |
| VZ Verizon Communications Inc. | Reduce -11.4% | 0.73% | −0.19 |
| LIN Linde PLC | Reduce -43.8% | 0.19% | −0.19 |
| GS Goldman Sachs Group Inc. | Reduce -37.8% | 0.22% | −0.18 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.17 |
| VST Vistra Corp. | Reduce -90.2% | 0.02% | −0.17 |
| ADBE Adobe Inc. | Reduce -11.2% | 0.36% | −0.17 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.16 |
| T AT&T Inc. | Reduce -18.1% | 0.50% | −0.15 |
| MS Morgan Stanley | Reduce -89.2% | 0.01% | −0.14 |
| UNP Union Pacific Corp. | Reduce -60.9% | 0.07% | −0.14 |
| IBM Intl Business Machines Corp. | Reduce -41.7% | 0.21% | −0.13 |
| MRSH Marsh & McLennan Cos | Reduce -10.4% | 0.45% | −0.13 |
| JLL Jones Lang Lasalle Inc. | Sold out | 0.00% | −0.12 |
| GWW WW Grainger Inc. | Reduce -42.4% | 0.14% | −0.11 |
| HUM Humana Inc. | Reduce -27.0% | 0.12% | −0.11 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.11 |
| MNST Monster Beverage Corp. | Reduce -86.8% | 0.01% | −0.11 |
| SLB SLB Ltd. | Reduce -45.8% | 0.07% | −0.11 |
| WCN Waste Connections Inc. | Reduce -32.1% | 0.14% | −0.10 |
| ETN Eaton Corp. PLC | Reduce -89.8% | 0.01% | −0.10 |
| MU Micron Technology Inc. | Reduce -49.4% | 0.05% | −0.10 |
| DHI D.R. Horton Inc. | Reduce -30.0% | 0.30% | −0.09 |
| PCAR Paccar Inc. | Reduce -8.6% | 0.22% | −0.09 |
| EXPD Expeditors Intl Wash Inc. | Reduce -72.9% | 0.03% | −0.09 |
| PEP Pepsico Inc. | Reduce -1.3% | 0.43% | −0.09 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.08 |
| XPO Xpo Inc. | Reduce -52.8% | 0.05% | −0.08 |
| CNC Centene Corp. | Reduce -18.1% | 0.23% | −0.07 |
| STN Stantec Inc. | Sold out | 0.00% | −0.07 |
| HPQ HP Inc. | Reduce -65.1% | 0.03% | −0.07 |
| BG Bunge Global SA | Reduce -62.4% | 0.03% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -81.4% | 0.01% | −0.07 |
| ADSK Autodesk Inc. | Reduce -83.0% | 0.01% | −0.06 |
| STLD Steel Dynamics Inc. | Reduce -4.2% | 0.21% | −0.06 |
Portfolio Buys Q2 2024 → Q3 2024
| UNH Unitedhealth Group Inc. | Add +129.7% | 1.20% | +0.64 |
| JPM JPMorgan Chase & Co. | Add +93.6% | 1.13% | +0.45 |
| AVGO Broadcom Inc. | Add +102.4% | 0.99% | +0.43 |
| HD Home Depot Inc. | Add +295.6% | 0.56% | +0.41 |
| MCD McDonald's Corp. | Add +542.9% | 0.49% | +0.41 |
| BAC Bank of America Corp. | Add +193.4% | 0.60% | +0.35 |
| PGR Progressive Corp. | Add +75.3% | 0.75% | +0.32 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +37.2% | 1.48% | +0.32 |
| WMT Walmart Inc. | Add +53.1% | 0.93% | +0.31 |
| AAPL Apple Inc. | Add +18.2% | 4.44% | +0.29 |
| WTW Willis Towers Watson PLC | Add +47515.7% | 0.29% | +0.29 |
| MRK Merck & Co. Inc. | Add +68.7% | 1.22% | +0.26 |
| TSLA Tesla Inc. | Add +44.5% | 0.69% | +0.25 |
| TJX TJX Companies Inc. | Add +161.3% | 0.42% | +0.23 |
| TMO Thermo Fisher Scientific Inc. | Add +116.0% | 0.42% | +0.21 |
| KR Kroger Co. | Add +110.5% | 0.41% | +0.20 |
| PG The Procter & Gamble Co. | Add +67.8% | 0.64% | +0.20 |
| CB Chubb Ltd. | Add +49.7% | 0.67% | +0.19 |
| AMZN Amazon.com Inc. | Add +37.8% | 2.17% | +0.18 |
| GM General Motors Co. | Add +972.6% | 0.19% | +0.17 |
| SPG Simon Property Group Inc. | Add +295.3% | 0.22% | +0.16 |
| JNJ Johnson & Johnson | Add +29.6% | 1.06% | +0.16 |
| CSL Carlisle Cos Inc. | Add +6405.8% | 0.16% | +0.16 |
| C Citigroup Inc. | Add +70.0% | 0.56% | +0.15 |
| WFC Wells Fargo & Co. | Add +158.1% | 0.30% | +0.15 |
| DHR Danaher Corp. | Add +82.4% | 0.36% | +0.14 |
| CAT Caterpillar Inc. | Add +34.4% | 0.61% | +0.14 |
| PYPL PayPal Holdings Inc. | Add +502.1% | 0.16% | +0.14 |
| WEC WEC Energy Group Inc. | Add +57.7% | 0.36% | +0.13 |
| XLB SS Materials Select Sector | New | 0.13% | +0.13 |
| PANW Palo Alto Networks Inc. | Add +160.0% | 0.24% | +0.13 |
| GEV GE Vernova Inc. | Add +164.6% | 0.18% | +0.12 |
| RMD Resmed Inc. | Add +726.3% | 0.14% | +0.12 |
| TXN Texas Instruments Inc. | Add +207.5% | 0.19% | +0.12 |
| SBAC SBA Communications Corp. | Add +14529.1% | 0.12% | +0.12 |
| CMG Chipotle Mexican Grill Inc. | Add +123.3% | 0.28% | +0.11 |
| TGT Target Corp. | Add +385.9% | 0.14% | +0.11 |
| VEEV Veeva Systems Inc. Class A | Add +761.7% | 0.12% | +0.11 |
| QCOM Qualcomm Inc. | Add +78.5% | 0.54% | +0.11 |
| TD Toronto-Dominion Bank | Add +64.6% | 0.29% | +0.10 |
| MSI Motorola Solutions Inc. | Add +44.5% | 0.36% | +0.10 |
| CTAS Cintas Corp. | Add +164.8% | 0.16% | +0.10 |
| ALL Allstate Corp. | Add +291.9% | 0.13% | +0.10 |
| PNC PNC Financial Services Group | Add +88.1% | 0.22% | +0.10 |
| HON Honeywell International Inc. | Add +282.4% | 0.14% | +0.10 |
| ROST Ross Stores Inc. | Add +478.4% | 0.12% | +0.10 |
| KO The Coca-Cola Co. | Add +37.8% | 0.44% | +0.09 |
| ABBV Abbvie Inc. | Add +85.2% | 0.22% | +0.09 |
| F Ford Motor Co. | Add +420.2% | 0.13% | +0.09 |
| HCA HCA Healthcare Inc. | Add +53.5% | 0.25% | +0.09 |
Options Activity Q2 2024 → Q3 2024
| EEM iShares MSCI Emerging Market | call | New | 19,500,000 | $15.9M |
| XLF SS Financial Select Sector | call | Sold out | 17,766,242 | $9.9Mbefore exit |
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 |