Caisse de depot et placement du Quebec
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Caisse de depot et placement du Quebec reported 684 stock positions worth $62.4 billion. Its top holding was Apple (AAPL) at 4.5% of the portfolio, followed by Nvidia (NVDA, 4.4%) and Canadian Natl Railway (CNI, 3.1%). Compared with Q4 2025, it opened 184 new positions, sold out of 40, added to 283 and reduced 198. The biggest buy was Canadian Natl Railway (CNI, shares +35%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0000898286
- Portfolio Value
- $62.4B (Q1 2026)
- SEC Filing
- 0001140361-26-021351 ↗ filed May 14, 2026
Holdings Value
Holdings 684 stocks · $62.4B
| AAPL Apple Inc. | 4.51% | 11,082,804 | $2.8B | Add +14.3% |
| NVDA Nvidia Corp. | 4.41% | 15,787,881 | $2.8B | Add +17.4% |
| CNI Canadian Natl Railway Co. | 3.09% | 18,784,173 | $1.9B | Add +35.2% |
| GOOGL Alphabet Inc. Class A | 3.07% | 6,657,199 | $1.9B | Add +6.8% |
| MSFT Microsoft Corp. | 2.95% | 4,974,037 | $1.8B | Reduce -2.8% |
| AMZN Amazon.com Inc. | 1.92% | 5,765,104 | $1.2B | Add +0.3% |
| GIB Cgi Inc. | 1.90% | 16,290,487 | $1.2B | No change |
| META Meta Platforms Inc. Class A | 1.86% | 2,034,644 | $1.2B | Add +22.9% |
| BCE Bce Inc. | 1.37% | 34,107,306 | $857.8M | No change |
| CAE Cae Inc. | 1.29% | 30,917,402 | $802.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.26% | 1,640,498 | $786.1M | Add +10.6% |
| TFII Tfi International Inc. filed as TRANSFORCE INC | 1.24% | 7,156,534 | $776.5M | Add +1.0% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 1.17% | 5,419,567 | $731.7M | No change |
| JNJ Johnson & Johnson | 1.17% | 2,985,476 | $729.8M | Add +7.8% |
| MA Mastercard Inc. Class A | 1.16% | 1,447,978 | $723.5M | Add +5.5% |
| JPM JPMorgan Chase & Co. | 1.13% | 2,390,561 | $703.2M | Add +4.3% |
| AVGO Broadcom Inc. | 1.09% | 2,194,415 | $679.2M | Add +4.0% |
| LLY Eli Lilly & Co. | 1.01% | 686,584 | $631.5M | Add +7.9% |
| GIL Gildan Activewear Inc. | 0.93% | 10,441,294 | $579.6M | Add +67.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.81% | 2,586,209 | $507.4M | Add +147.3% |
| COST Costco Wholesale Corp. | 0.80% | 499,620 | $497.8M | Add +24.5% |
| MRK Merck & Co. Inc. | 0.73% | 3,799,379 | $457.0M | Reduce -8.0% |
| AMAT Applied Materials Inc. | 0.69% | 1,266,323 | $432.8M | Add +48.9% |
| GOOG Alphabet Inc. Class C | 0.69% | 1,506,637 | $432.2M | Add +34.9% |
| CSCO Cisco Systems Inc. | 0.69% | 5,562,183 | $431.6M | Add +57.4% |
| TSLA Tesla Inc. | 0.65% | 1,093,061 | $406.3M | Add +13.5% |
| WMT Walmart Inc. | 0.65% | 3,258,645 | $405.0M | Add +10.9% |
| T AT&T Inc. | 0.60% | 12,985,610 | $376.5M | Add +26.9% |
| USHY iShares Broad Usd High Yield | 0.59% | 10,057,165 | $370.5M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.59% | 7,502,558 | $365.7M | Add +20.1% |
| ABT Abbott Laboratories | 0.56% | 3,419,348 | $351.1M | Add +82.0% |
| ABBV Abbvie Inc. | 0.56% | 1,612,838 | $350.8M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.56% | 1,294,924 | $350.4M | Add +34.0% |
| PEP Pepsico Inc. | 0.55% | 2,212,293 | $343.5M | Reduce -2.9% |
| C Citigroup Inc. | 0.54% | 2,996,850 | $339.9M | Add +6.3% |
| PGR Progressive Corp. | 0.52% | 1,644,846 | $326.1M | Reduce -0.0% |
| NEE Nextera Energy Inc. | 0.51% | 3,408,264 | $316.6M | Reduce -8.3% |
| XLV SS Health Care Select Sector | 0.50% | 2,144,058 | $314.3M | Add +45.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.50% | 1,937,779 | $309.5M | Add +94.3% |
| HD Home Depot Inc. | 0.48% | 912,307 | $300.0M | Add +145.1% |
| RY Royal Bank of Canada | 0.48% | 1,848,822 | $297.9M | Reduce -6.1% |
| PG The Procter & Gamble Co. | 0.46% | 1,972,979 | $285.0M | Add +12.6% |
| CAT Caterpillar Inc. | 0.44% | 388,726 | $275.4M | Reduce -8.5% |
| TD Toronto-Dominion Bank | 0.44% | 2,941,415 | $273.8M | Add +30.0% |
| PHM Pultegroup Inc. | 0.42% | 2,245,245 | $264.1M | Add +13.0% |
| MU Micron Technology Inc. | 0.42% | 776,844 | $262.4M | Reduce -20.7% |
| TRP TC Energy Corp. | 0.41% | 4,121,843 | $257.3M | Add +80.4% |
| NFLX Netflix Inc. | 0.41% | 2,670,388 | $256.8M | Add +8.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.41% | 3,202,162 | $254.8M | Reduce -36.7% |
| REGN Regeneron Pharmaceuticals | 0.41% | 329,018 | $254.2M | Reduce -3.9% |
| TXN Texas Instruments Inc. | 0.39% | 1,258,785 | $244.4M | Add +90.8% |
| ENB Enbridge Inc. | 0.39% | 4,471,686 | $241.6M | Add +106.0% |
| ANET Arista Networks Inc. | 0.38% | 1,911,674 | $234.7M | Reduce -0.2% |
| GS Goldman Sachs Group Inc. | 0.38% | 277,429 | $234.7M | Add +19.7% |
| TMUS T-Mobile US Inc. | 0.36% | 1,067,946 | $224.3M | Add +61.7% |
| LSPD Lightspeed Commerce Inc. | 0.35% | 24,286,219 | $216.5M | No change |
| GILD Gilead Sciences Inc. | 0.34% | 1,544,223 | $215.2M | Add +62.6% |
| EME Emcor Group Inc. | 0.34% | 291,189 | $215.0M | Reduce -6.3% |
| AIG American International Group | 0.34% | 2,808,879 | $211.4M | Add +47.1% |
| HAL Halliburton Co. | 0.34% | 5,369,249 | $209.3M | Add +37.4% |
| WFC Wells Fargo & Co. | 0.34% | 2,628,620 | $209.3M | Reduce -25.3% |
| DUK Duke Energy Corp. | 0.33% | 1,584,716 | $207.5M | Reduce -21.1% |
| UTHR United Therapeutics Corp. | 0.33% | 343,659 | $203.8M | Add +16.0% |
| KO The Coca-Cola Co. | 0.32% | 2,660,953 | $202.4M | Add +49.4% |
| SPG Simon Property Group Inc. | 0.32% | 1,074,449 | $200.4M | Add +64.4% |
| BKR Baker Hughes Co. | 0.32% | 3,276,978 | $200.1M | Add +9.0% |
| XLF SS Financial Select Sector | 0.32% | 4,000,666 | $197.5M | New |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 1,007,781 | $193.4M | Add +33.1% |
| RBA RB Global Inc. | 0.30% | 1,929,135 | $184.6M | Add +30.6% |
| HIG Hartford Insurance Group Inc. | 0.29% | 1,347,933 | $182.3M | Add +10.3% |
| GM General Motors Co. | 0.29% | 2,426,480 | $180.8M | Reduce -0.8% |
| DD Dupont DE Nemours Inc. | 0.29% | 3,946,219 | $180.7M | Add +34.4% |
| NTR Nutrien Ltd. | 0.29% | 2,387,942 | $179.7M | Add +86.3% |
| NVR NVR Inc. | 0.29% | 27,266 | $179.7M | Add +10.0% |
| ADBE Adobe Inc. | 0.29% | 734,181 | $178.5M | Reduce -9.2% |
| BKNG Booking Holdings Inc. | 0.28% | 41,841 | $176.2M | Reduce -42.0% |
| HWM Howmet Aerospace Inc. | 0.28% | 763,156 | $175.9M | Add +43.6% |
| CRM Salesforce Inc. | 0.28% | 919,672 | $171.7M | Reduce -23.8% |
| APH Amphenol Corp. Class A | 0.27% | 1,349,405 | $170.5M | Add +20.6% |
| COR Cencora Inc. | 0.26% | 525,497 | $165.1M | Reduce -8.8% |
| SHOP Shopify Inc. Class A | 0.26% | 1,392,886 | $164.7M | Reduce -1.3% |
| CP Canadian Pacific Kansas City | 0.26% | 2,098,097 | $164.6M | Add +78.0% |
| LRCX Lam Research Corp. | 0.26% | 764,263 | $163.3M | Reduce -69.2% |
| AMD Advanced Micro Devices | 0.26% | 786,808 | $160.1M | Add +8.5% |
| MCO Moody's Corp. | 0.26% | 366,884 | $160.1M | Add +50.8% |
| EXPD Expeditors Intl Wash Inc. | 0.25% | 1,109,066 | $158.9M | Add +7.7% |
| UBER Uber Technologies Inc. | 0.25% | 2,188,826 | $157.4M | Reduce -33.0% |
| ZM Zoom Communications Inc. | 0.25% | 1,948,263 | $156.6M | Add +3.9% |
| GGG Graco Inc. | 0.25% | 1,836,897 | $155.5M | Add +43.7% |
| CMI Cummins Inc. | 0.25% | 286,769 | $154.3M | Add +18.5% |
| MFC Manulife Financial Corp. | 0.25% | 4,487,458 | $154.1M | Add +93.0% |
| LIN Linde PLC | 0.24% | 305,303 | $151.4M | Reduce -11.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.24% | 1,667,304 | $150.3M | Add +32.8% |
| DHI D.R. Horton Inc. | 0.24% | 1,088,712 | $149.4M | Add +31.4% |
| NEM Newmont Corp. | 0.24% | 1,377,492 | $149.1M | Reduce -2.8% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 431,064 | $148.8M | Add +12.8% |
| ICE Intercontinental Exchange Inc. | 0.24% | 941,224 | $148.0M | Add +11.6% |
| IDXX Idexx Laboratories Inc. | 0.24% | 263,051 | $147.8M | Add +5.8% |
| ULTA Ulta Beauty Inc. | 0.24% | 280,771 | $146.8M | Reduce -10.4% |
| MSI Motorola Solutions Inc. | 0.23% | 337,884 | $146.6M | Add +32.0% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -2.8% | 2.95% | −1.25 |
| LRCX Lam Research Corp. | Reduce -69.2% | 0.26% | −0.46 |
| BKNG Booking Holdings Inc. | Reduce -42.0% | 0.28% | −0.37 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.37 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.37 |
| KLAC KLA Corp. | Reduce -79.5% | 0.11% | −0.35 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -36.7% | 0.41% | −0.28 |
| CRM Salesforce Inc. | Reduce -23.8% | 0.28% | −0.27 |
| XLP SS Consumer Staples Sel Sect | Reduce -49.7% | 0.23% | −0.23 |
| WFC Wells Fargo & Co. | Reduce -25.3% | 0.34% | −0.22 |
| BDX Becton Dickinson and Co. | Reduce -80.5% | 0.04% | −0.20 |
| UBER Uber Technologies Inc. | Reduce -33.0% | 0.25% | −0.20 |
| BN Brookfield Corp. | Reduce -43.9% | 0.17% | −0.20 |
| ADBE Adobe Inc. | Reduce -9.2% | 0.29% | −0.19 |
| KR Kroger Co. | Reduce -96.4% | 0.01% | −0.19 |
| APP AppLovin Corp. Class A | Reduce -85.2% | 0.01% | −0.17 |
| SLB SLB Ltd. | Reduce -83.0% | 0.04% | −0.16 |
| ISRG Intuitive Surgical Inc. | Reduce -49.4% | 0.09% | −0.14 |
| PYPL PayPal Holdings Inc. | Reduce -72.4% | 0.04% | −0.14 |
| BRO Brown & Brown Inc. | Reduce -91.8% | 0.01% | −0.14 |
| DHR Danaher Corp. | Reduce -30.9% | 0.15% | −0.13 |
| INTU Intuit Inc. | Reduce -19.3% | 0.13% | −0.13 |
| TDY Teledyne Technologies Inc. | Reduce -67.0% | 0.07% | −0.12 |
| SHOP Shopify Inc. Class A | Reduce -1.3% | 0.26% | −0.12 |
| QCOM Qualcomm Inc. | Reduce -57.0% | 0.05% | −0.12 |
| NOW ServiceNow Inc. | Reduce -86.8% | 0.01% | −0.12 |
| PGR Progressive Corp. | Reduce -0.0% | 0.52% | −0.11 |
| JLL Jones Lang Lasalle Inc. | Sold out | 0.00% | −0.11 |
| TT Trane Technologies PLC | Reduce -88.9% | 0.01% | −0.11 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.10 |
| SCHW Schwab (charles) Corp. | Reduce -70.9% | 0.03% | −0.10 |
| VLUE iShares MSCI USA Value Facto | Sold out | 0.00% | −0.10 |
| RY Royal Bank of Canada | Reduce -6.1% | 0.48% | −0.09 |
| NRG NRG Energy Inc. | Reduce -42.3% | 0.09% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -78.8% | 0.02% | −0.09 |
| ULTA Ulta Beauty Inc. | Reduce -10.4% | 0.24% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -28.4% | 0.11% | −0.08 |
| UNM Unum Group | Reduce -95.9% | 0.00% | −0.08 |
| IBKR Interactive Brokers Gro Class A | Reduce -49.3% | 0.07% | −0.07 |
| NKE Nike Inc. Class B | Reduce -72.9% | 0.02% | −0.07 |
| SUI Sun Communities Inc. | Reduce -99.0% | 0.00% | −0.07 |
| EL Estee Lauder Companies Class A | Reduce -27.4% | 0.06% | −0.07 |
| ABBV Abbvie Inc. | Reduce -0.7% | 0.56% | −0.07 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.07 |
| DUK Duke Energy Corp. | Reduce -21.1% | 0.33% | −0.07 |
| STLA Stellantis NV | Sold out | 0.00% | −0.07 |
| ADSK Autodesk Inc. | Reduce -28.9% | 0.08% | −0.07 |
| COR Cencora Inc. | Reduce -8.8% | 0.26% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -17.6% | 0.16% | −0.06 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2025 → Q1 2026
| CNI Canadian Natl Railway Co. | Add +35.2% | 3.09% | +0.75 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +147.3% | 0.81% | +0.47 |
| AMAT Applied Materials Inc. | Add +48.9% | 0.69% | +0.32 |
| XLF SS Financial Select Sector | New | 0.32% | +0.32 |
| GIL Gildan Activewear Inc. | Add +67.3% | 0.93% | +0.27 |
| HD Home Depot Inc. | Add +145.1% | 0.48% | +0.26 |
| TJX TJX Companies Inc. | Add +94.3% | 0.50% | +0.24 |
| CSCO Cisco Systems Inc. | Add +57.4% | 0.69% | +0.23 |
| JNK SS SPDR BB High Yield Bond | New | 0.23% | +0.23 |
| ENB Enbridge Inc. | Add +106.0% | 0.39% | +0.21 |
| COST Costco Wholesale Corp. | Add +24.5% | 0.80% | +0.21 |
| TRP TC Energy Corp. | Add +80.4% | 0.41% | +0.20 |
| TXN Texas Instruments Inc. | Add +90.8% | 0.39% | +0.20 |
| JNJ Johnson & Johnson | Add +7.8% | 1.17% | +0.20 |
| T AT&T Inc. | Add +26.9% | 0.60% | +0.17 |
| IGV iShares Expanded Tech-Softwa | New | 0.17% | +0.17 |
| RACE Ferrari NV | New | 0.17% | +0.17 |
| V Visa Inc. Class A | Add +462.8% | 0.21% | +0.17 |
| ABT Abbott Laboratories | Add +82.0% | 0.56% | +0.16 |
| NVDA Nvidia Corp. | Add +17.4% | 4.41% | +0.16 |
| NTR Nutrien Ltd. | Add +86.3% | 0.29% | +0.15 |
| ADM Archer-Daniels-Midland Co. | Add +154.3% | 0.22% | +0.15 |
| HAL Halliburton Co. | Add +37.4% | 0.34% | +0.15 |
| GILD Gilead Sciences Inc. | Add +62.6% | 0.34% | +0.15 |
| UAL United Airlines Holdings Inc. | Add +956.4% | 0.16% | +0.14 |
| TMUS T-Mobile US Inc. | Add +61.7% | 0.36% | +0.13 |
| ETN Eaton Corp. PLC | Add +1117.2% | 0.14% | +0.13 |
| TER Teradyne Inc. | Add +1623.8% | 0.13% | +0.13 |
| VRT Vertiv Holdings Co. Class A | Add +251.4% | 0.16% | +0.13 |
| BA The Boeing Co. | New | 0.13% | +0.13 |
| DE Deere & Co. | New | 0.12% | +0.12 |
| CP Canadian Pacific Kansas City | Add +78.0% | 0.26% | +0.12 |
| SPG Simon Property Group Inc. | Add +64.4% | 0.32% | +0.12 |
| XLV SS Health Care Select Sector | Add +45.0% | 0.50% | +0.12 |
| KO The Coca-Cola Co. | Add +49.4% | 0.32% | +0.11 |
| UPS United Parcel Service Class B | Add +119.8% | 0.21% | +0.11 |
| CCL Carnival Corp. | New | 0.11% | +0.11 |
| HBAN Huntington Bancshares Inc. | Add +1038.7% | 0.12% | +0.11 |
| CHD Church & Dwight Co. Inc. | New | 0.10% | +0.10 |
| MFC Manulife Financial Corp. | Add +93.0% | 0.25% | +0.10 |
| TGT Target Corp. | Add +145.6% | 0.16% | +0.10 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.10% | +0.10 |
| AFL Aflac Inc. | Add +109.2% | 0.20% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +34.9% | 0.69% | +0.10 |
| PLD Prologis Inc. | Add +484.9% | 0.12% | +0.10 |
| HWM Howmet Aerospace Inc. | Add +43.6% | 0.28% | +0.10 |
| WMT Walmart Inc. | Add +10.9% | 0.65% | +0.09 |
| VMRK Vivmark Residential | Add +265.1% | 0.13% | +0.09 |
| ROK Rockwell Automation Inc. | Add +399.4% | 0.12% | +0.09 |
| DD Dupont DE Nemours Inc. | Add +34.4% | 0.29% | +0.09 |
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 |