Canada Pension Plan Investment Board
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Canada Pension Plan Investment Board reported 1,396 stock positions worth $105.0 billion. Its top holding was Nvidia (NVDA) at 3.8% of the portfolio, followed by Apple (AAPL, 3.7%) and Microsoft (MSFT, 3.6%). Compared with Q3 2024, it opened 232 new positions, sold out of 154, added to 506 and reduced 456. The biggest buy was Apple (AAPL, shares +29%) and the biggest sale Alphabet Class A (GOOGL, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO ONTARIO, A6
- CIK
- 0001283718
- Portfolio Value
- $105.0B (Q4 2024)
- SEC Filing
- 0001104659-25-013032 ↗ filed Feb 13, 2025
Holdings Value
Holdings 1,396 stocks · $105.0B
| NVDA Nvidia Corp. | 3.85% | 30,067,502 | $4.0B | Reduce -8.5% |
| AAPL Apple Inc. | 3.66% | 15,356,490 | $3.8B | Add +28.5% |
| MSFT Microsoft Corp. | 3.61% | 8,989,302 | $3.8B | Add +24.5% |
| MA Mastercard Inc. Class A | 2.35% | 4,690,995 | $2.5B | Add +5.2% |
| UNH Unitedhealth Group Inc. | 2.08% | 4,323,003 | $2.2B | Reduce -0.2% |
| AMZN Amazon.com Inc. | 1.96% | 9,395,483 | $2.1B | Add +48.1% |
| GOOGL Alphabet Inc. Class A | 1.94% | 10,735,225 | $2.0B | Reduce -47.7% |
| VIK Viking Holdings Ltd. | 1.90% | 45,331,610 | $2.0B | Reduce -10.3% |
| META Meta Platforms Inc. Class A | 1.63% | 2,918,055 | $1.7B | Reduce -24.3% |
| INFA Informatica Inc. Class A | 1.59% | 64,379,838 | $1.7B | Reduce -12.3% |
| LIN Linde PLC | 1.52% | 3,812,461 | $1.6B | Add +0.3% |
| SRAD Sportradar Group AG-A | 1.31% | 79,555,080 | $1.4B | No change |
| WAY Waystar Holding Corp. | 1.30% | 37,209,454 | $1.4B | No change |
| AVGO Broadcom Inc. | 1.29% | 5,825,454 | $1.4B | Add +45.7% |
| TMUS T-Mobile US Inc. | 1.27% | 6,025,096 | $1.3B | Add +85.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.25% | 2,237,000 | $1.3B | No change |
| GE General Electric filed as GE AEROSPACE | 1.20% | 7,551,038 | $1.3B | Add +11.6% |
| GOOG Alphabet Inc. Class C | 1.13% | 6,229,939 | $1.2B | Reduce -12.6% |
| CNQ Canadian Natural Resources | 1.09% | 36,963,702 | $1.1B | Add +5.3% |
| LYV Live Nation Entertainment Inc. | 1.07% | 8,650,015 | $1.1B | Add +0.5% |
| UNP Union Pacific Corp. | 0.91% | 4,173,412 | $951.7M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.88% | 3,858,960 | $925.0M | Reduce -6.3% |
| TSLA Tesla Inc. | 0.86% | 2,223,815 | $898.1M | Add +13.6% |
| EQH Equitable Holdings Inc. | 0.86% | 19,032,270 | $897.8M | Add +0.4% |
| EQIX Equinix Inc. | 0.81% | 902,634 | $851.1M | Add +1.3% |
| IQV Iqvia Holdings Inc. | 0.80% | 4,282,024 | $841.5M | Add +20.0% |
| LLY Eli Lilly & Co. | 0.77% | 1,047,556 | $808.7M | Reduce -5.4% |
| WTRG Essential Utilities Inc. | 0.75% | 21,661,095 | $786.7M | No change |
| NFLX Netflix Inc. | 0.75% | 881,697 | $785.9M | Reduce -30.2% |
| DLR Digital Realty Trust Inc. | 0.74% | 4,384,451 | $777.5M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.71% | 4,425,401 | $741.9M | Reduce -20.6% |
| WMT Walmart Inc. | 0.69% | 7,990,804 | $722.0M | Reduce -3.3% |
| TRP TC Energy Corp. | 0.65% | 14,755,330 | $686.8M | Add +9.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 15,060,008 | $661.9M | Reduce -2.6% |
| EDR Endeavor Group Hold Class A | 0.63% | 21,038,712 | $658.3M | No change |
| JNJ Johnson & Johnson | 0.62% | 4,528,010 | $654.8M | Add +6.7% |
| BSX Boston Scientific Corp. | 0.62% | 7,288,948 | $651.0M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 0.62% | 705,326 | $646.3M | Reduce -15.0% |
| D Dominion Energy Inc. | 0.59% | 11,450,928 | $616.7M | Add +0.6% |
| MRK Merck & Co. Inc. | 0.55% | 5,817,886 | $578.8M | Add +43.2% |
| PEP Pepsico Inc. | 0.54% | 3,732,919 | $567.6M | Add +13.9% |
| ISRG Intuitive Surgical Inc. | 0.52% | 1,046,009 | $546.0M | Add +4.0% |
| CRC California Resources Corp. | 0.52% | 10,506,895 | $545.2M | No change |
| PLD Prologis Inc. | 0.50% | 4,946,945 | $522.9M | Reduce -0.2% |
| RNW Renew Energy Global PLC-A | 0.50% | 76,501,166 | $522.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 1,114,962 | $505.4M | Add +5.9% |
| INVH Invitation Homes Inc. | 0.48% | 15,735,824 | $503.1M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.48% | 2,824,282 | $501.9M | Reduce -5.3% |
| PM Philip Morris International | 0.46% | 4,026,337 | $484.6M | Reduce -11.1% |
| SHOP Shopify Inc. Class A | 0.45% | 4,420,836 | $469.9M | Add +10.6% |
| CRM Salesforce Inc. | 0.44% | 1,393,447 | $465.9M | Reduce -30.3% |
| KO The Coca-Cola Co. | 0.44% | 7,425,349 | $462.3M | Reduce -20.0% |
| HD Home Depot Inc. | 0.43% | 1,164,342 | $452.9M | Add +59.0% |
| AVB Avalonbay Communities Inc. | 0.42% | 2,019,317 | $444.2M | Reduce -0.7% |
| AVTR Avantor Inc. | 0.42% | 21,037,089 | $443.3M | Add +0.5% |
| CIVI Civitas Resources Inc. | 0.42% | 9,524,201 | $436.9M | No change |
| LNG Cheniere Energy Inc. | 0.40% | 1,952,278 | $419.5M | Reduce -4.4% |
| ARE Alexandria Real Estate Equit | 0.38% | 4,112,144 | $401.1M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.36% | 1,723,000 | $380.7M | No change |
| RY Royal Bank of Canada | 0.36% | 3,102,502 | $373.6M | No change |
| IPG Interpublic Group of Cos Inc. | 0.35% | 13,210,446 | $370.2M | Add +139.5% |
| V Visa Inc. Class A | 0.35% | 1,152,006 | $364.1M | Reduce -35.9% |
| DHR Danaher Corp. | 0.33% | 1,519,339 | $348.8M | Add +1.9% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.33% | 4,853,450 | $348.3M | Reduce -3.8% |
| NTR Nutrien Ltd. | 0.32% | 7,502,128 | $335.3M | Reduce -19.3% |
| PSA Public Storage | 0.31% | 1,098,241 | $328.9M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.31% | 2,998,459 | $322.5M | Add +39.3% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 614,961 | $319.9M | Reduce -4.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.30% | 4,922,284 | $311.0M | Add +13.9% |
| KKR KKR & Co. Inc. | 0.30% | 2,101,292 | $310.8M | Reduce -2.9% |
| PBA Pembina Pipeline Corp. | 0.29% | 8,387,525 | $309.5M | No change |
| NOW ServiceNow Inc. | 0.29% | 291,784 | $309.3M | Reduce -61.4% |
| TD Toronto-Dominion Bank | 0.29% | 5,794,789 | $308.1M | Reduce -27.3% |
| UBER Uber Technologies Inc. | 0.29% | 5,037,153 | $303.8M | Reduce -7.5% |
| GILD Gilead Sciences Inc. | 0.29% | 3,282,507 | $303.2M | Add +9.0% |
| ARES Ares Management Corp. Class A | 0.28% | 1,637,462 | $289.9M | Add +4.9% |
| ENB Enbridge Inc. | 0.28% | 6,818,919 | $289.0M | Add +20.0% |
| WFC Wells Fargo & Co. | 0.26% | 3,941,737 | $276.9M | Reduce -7.0% |
| GDDY GoDaddy Inc. Class A | 0.26% | 1,386,137 | $273.6M | Add +107.8% |
| EIX Edison International | 0.26% | 3,369,535 | $269.0M | Add +364.1% |
| AMT American Tower Corp. | 0.25% | 1,435,730 | $263.3M | Reduce -2.7% |
| ABT Abbott Laboratories | 0.25% | 2,321,403 | $262.6M | Reduce -20.3% |
| KIM Kimco Realty Corp. | 0.25% | 11,186,050 | $262.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 509,000 | $260.2M | No change |
| CSCO Cisco Systems Inc. | 0.24% | 4,331,911 | $256.4M | Add +81.8% |
| NEE Nextera Energy Inc. | 0.24% | 3,476,650 | $249.2M | Add +5.8% |
| AZO AutoZone Inc. | 0.23% | 76,809 | $245.9M | Reduce -0.4% |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 3,119,241 | $235.9M | Add +98.4% |
| GS Goldman Sachs Group Inc. | 0.22% | 407,761 | $233.5M | Reduce -34.6% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 4,102,596 | $232.0M | Reduce -10.1% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 3,844,180 | $229.6M | Reduce -9.7% |
| MFC Manulife Financial Corp. | 0.22% | 7,427,745 | $227.9M | Add +42.1% |
| WOOF Petco Health and Wellness Co. | 0.22% | 59,765,368 | $227.7M | No change |
| SU Suncor Energy Inc. | 0.22% | 6,386,235 | $227.7M | Reduce -24.4% |
| VZ Verizon Communications Inc. | 0.22% | 5,647,115 | $225.8M | Reduce -8.0% |
| CP Canadian Pacific Kansas City | 0.21% | 3,075,921 | $222.4M | Reduce -28.4% |
| MPC Marathon Petroleum Corp. | 0.21% | 1,571,062 | $219.2M | Add +14.3% |
| PFE Pfizer Inc. | 0.21% | 8,259,598 | $219.1M | Reduce -0.4% |
| BCE Bce Inc. | 0.21% | 9,398,336 | $217.6M | Add +623.9% |
| BRX Brixmor Property Group Inc. | 0.21% | 7,792,016 | $216.9M | Add +6.4% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $66.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 36,000,000 | $38.5M | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 29,957,000 | $27.9M | Reduce -2.1% |
Total filed on the 13F, all lines: $105.0B.
Portfolio Sells Q3 2024 → Q4 2024
| GOOGL Alphabet Inc. Class A | Reduce -47.7% | 1.94% | −1.29 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.47 |
| META Meta Platforms Inc. Class A | Reduce -24.3% | 1.63% | −0.46 |
| FYBR Frontier Communications Pare | Reduce -99.4% | 0.00% | −0.46 |
| NOW ServiceNow Inc. | Reduce -61.4% | 0.29% | −0.35 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 2.08% | −0.32 |
| PANW Palo Alto Networks Inc. | Reduce -97.0% | 0.01% | −0.31 |
| AMD Advanced Micro Devices | Reduce -55.2% | 0.12% | −0.25 |
| MELI MercadoLibre Inc. | Reduce -48.5% | 0.16% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -20.6% | 0.71% | −0.21 |
| KO The Coca-Cola Co. | Reduce -20.0% | 0.44% | −0.19 |
| TD Toronto-Dominion Bank | Reduce -27.3% | 0.29% | −0.18 |
| INFY Infosys Ltd.-SP ADR | Reduce -61.2% | 0.11% | −0.17 |
| CL Colgate-Palmolive Co. | Reduce -68.1% | 0.07% | −0.17 |
| INFA Informatica Inc. Class A | Reduce -12.3% | 1.59% | −0.17 |
| ADI Analog Devices Inc. | Reduce -40.9% | 0.20% | −0.17 |
| ORCL Oracle Corp. | Reduce -49.1% | 0.16% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -5.4% | 0.77% | −0.16 |
| CP Canadian Pacific Kansas City | Reduce -28.4% | 0.21% | −0.14 |
| FTV Fortive Corp. | Reduce -80.5% | 0.03% | −0.12 |
| V Visa Inc. Class A | Reduce -35.9% | 0.35% | −0.12 |
| MDB Mongodb Inc. | Reduce -46.3% | 0.10% | −0.12 |
| WELL Welltower Inc. | Reduce -42.8% | 0.15% | −0.11 |
| NTR Nutrien Ltd. | Reduce -19.3% | 0.32% | −0.10 |
| MPWR Monolithic Power Systems Inc. | Reduce -28.7% | 0.09% | −0.10 |
| NFLX Netflix Inc. | Reduce -30.2% | 0.75% | −0.10 |
| IRM Iron Mountain Inc. | Reduce -79.7% | 0.02% | −0.10 |
| UBER Uber Technologies Inc. | Reduce -7.5% | 0.29% | −0.10 |
| AMGN Amgen Inc. | Reduce -22.4% | 0.16% | −0.10 |
| PLD Prologis Inc. | Reduce -0.2% | 0.50% | −0.10 |
| UBS UBS Group AG-Reg | Reduce -33.0% | 0.18% | −0.09 |
| ELV Elevance Health Inc. | Reduce -25.5% | 0.10% | −0.09 |
| CCI Crown Castle Inc. | Reduce -80.0% | 0.02% | −0.08 |
| ARE Alexandria Real Estate Equit | Reduce -0.3% | 0.38% | −0.08 |
| SYK Stryker Corp. | Reduce -49.0% | 0.09% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -15.0% | 0.62% | −0.08 |
| SPGI S&P Global Inc. | Reduce -33.3% | 0.15% | −0.08 |
| AXP American Express Co. | Reduce -48.3% | 0.11% | −0.08 |
| ABBV Abbvie Inc. | Reduce -5.3% | 0.48% | −0.08 |
| LMT Lockheed Martin Corp. | Reduce -20.5% | 0.16% | −0.08 |
| SU Suncor Energy Inc. | Reduce -24.4% | 0.22% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -9.7% | 0.22% | −0.08 |
| PSX Phillips 66 | Reduce -48.0% | 0.06% | −0.08 |
| XP XP Inc. Class A | Reduce -32.4% | 0.06% | −0.08 |
| PSA Public Storage | Reduce -2.7% | 0.31% | −0.08 |
| CRM Salesforce Inc. | Reduce -30.3% | 0.44% | −0.07 |
| AMT American Tower Corp. | Reduce -2.7% | 0.25% | −0.07 |
| MU Micron Technology Inc. | Reduce -49.4% | 0.05% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.6% | 0.30% | −0.07 |
| HUM Humana Inc. | Reduce -51.9% | 0.05% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +28.5% | 3.66% | +1.03 |
| AMZN Amazon.com Inc. | Add +48.1% | 1.96% | +0.84 |
| MSFT Microsoft Corp. | Add +24.5% | 3.61% | +0.67 |
| AVGO Broadcom Inc. | Add +45.7% | 1.29% | +0.63 |
| TMUS T-Mobile US Inc. | Add +85.5% | 1.27% | +0.63 |
| TSLA Tesla Inc. | Add +13.6% | 0.86% | +0.37 |
| MA Mastercard Inc. Class A | Add +5.2% | 2.35% | +0.27 |
| EIX Edison International | Add +364.1% | 0.26% | +0.20 |
| BEKE Ke Holdings Inc.-ADR | Add +111822650.0% | 0.20% | +0.20 |
| IPG Interpublic Group of Cos Inc. | Add +139.5% | 0.35% | +0.19 |
| TRGP Targa Resources Corp. | Add +981.8% | 0.19% | +0.18 |
| LYV Live Nation Entertainment Inc. | Add +0.5% | 1.07% | +0.17 |
| PLTR Palantir Technologies Inc. Class A | Add +98.4% | 0.22% | +0.17 |
| BCE Bce Inc. | Add +623.9% | 0.21% | +0.16 |
| GDDY GoDaddy Inc. Class A | Add +107.8% | 0.26% | +0.16 |
| HD Home Depot Inc. | Add +59.0% | 0.43% | +0.15 |
| SHOP Shopify Inc. Class A | Add +10.6% | 0.45% | +0.14 |
| ANET Arista Networks Inc. | Add +646.7% | 0.15% | +0.14 |
| CSCO Cisco Systems Inc. | Add +81.8% | 0.24% | +0.12 |
| MRK Merck & Co. Inc. | Add +43.2% | 0.55% | +0.11 |
| ACN Accenture PLC Class A | Add +741.6% | 0.12% | +0.10 |
| EQH Equitable Holdings Inc. | Add +0.4% | 0.86% | +0.10 |
| TXN Texas Instruments Inc. | Add +271.8% | 0.13% | +0.09 |
| YPF YPF S.A.-Sponsored ADR | New | 0.08% | +0.08 |
| ICE Intercontinental Exchange Inc. | Add +125.9% | 0.15% | +0.08 |
| DLR Digital Realty Trust Inc. | Add +1.1% | 0.74% | +0.08 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.07% | +0.07 |
| CAT Caterpillar Inc. | Add +384.6% | 0.09% | +0.07 |
| CSGP Costar Group Inc. | Add +2181.8% | 0.08% | +0.07 |
| MFC Manulife Financial Corp. | Add +42.1% | 0.22% | +0.07 |
| SLF Sun Life Financial Inc. | Add +72.0% | 0.16% | +0.07 |
| HON Honeywell International Inc. | Add +65.8% | 0.15% | +0.07 |
| SCHW Schwab (charles) Corp. | Add +33.4% | 0.20% | +0.07 |
| XOM Exxon Mobil Corp. | Add +39.3% | 0.31% | +0.07 |
| TTAN Servicetitan Inc. Class A | New | 0.07% | +0.07 |
| GEV GE Vernova Inc. | Add +64.7% | 0.12% | +0.06 |
| T AT&T Inc. | Add +58.0% | 0.16% | +0.06 |
| INTC Intel Corp. | Add +326.9% | 0.09% | +0.06 |
| EQIX Equinix Inc. | Add +1.3% | 0.81% | +0.06 |
| GLOB Globant SA | New | 0.06% | +0.06 |
| ADBE Adobe Inc. | Add +62.4% | 0.20% | +0.06 |
| BHF Brighthouse Financial Inc. | Add +187.3% | 0.08% | +0.06 |
| ENB Enbridge Inc. | Add +20.0% | 0.28% | +0.06 |
| CVX Chevron Corp. | Add +107.0% | 0.11% | +0.06 |
| HLT Hilton Worldwide Holdings Inc. | Add +184.9% | 0.08% | +0.05 |
| KLAC KLA Corp. | Add +964.5% | 0.06% | +0.05 |
| CAVA Cava Group Inc. | Add +393.2% | 0.07% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +4.0% | 0.52% | +0.05 |
| GILD Gilead Sciences Inc. | Add +9.0% | 0.29% | +0.05 |
| BAP Credicorp Ltd. | Add +130.9% | 0.09% | +0.05 |
Notes & Other Activity Q3 2024 → Q4 2024
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | Reduce -2.1% | 29,957,000 | $27.9M |
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 | 1,694 | $180.8B | NVDA, AAPL, MSFT, AVGO, GOOGL |
| Q1 2026 | 1,679 | $155.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,970 | $149.5B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2025 | 1,345 | $142.4B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 1,344 | $116.9B | NVDA, MSFT, AAPL, AMZN, MA |
| Q1 2025 | 1,296 | $103.0B | AAPL, MSFT, NVDA, MA, AMZN |
| Q4 2024 | 1,396 | $105.0B | NVDA, AAPL, MSFT, MA, UNH |
| Q3 2024 | 1,317 | $105.5B | NVDA, GOOGL, MSFT, AAPL, UNH |
| Q2 2024 | 1,358 | $101.7B | NVDA, GOOGL, MSFT, AAPL, INFA |
| Q1 2024 | 1,164 | $95.1B | NVDA, GOOGL, MSFT, INFA, MA |