Canada Pension Plan Investment Board
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Canada Pension Plan Investment Board reported 1,970 stock positions worth $149.5 billion. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Apple (AAPL, 4.4%) and Microsoft (MSFT, 4.1%). Compared with Q3 2025, it opened 688 new positions, sold out of 65, added to 736 and reduced 413. The biggest buy was Alphabet Class A (GOOGL, shares +2%) and the biggest sale an exit from Informatica Class A (INFA).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO ONTARIO, A6
- CIK
- 0001283718
- Portfolio Value
- $149.5B (Q4 2025)
- SEC Filing
- 0001104659-26-016373 ↗ filed Feb 17, 2026
Holdings Value
Holdings 1,970 stocks · $149.5B
| NVDA Nvidia Corp. | 5.60% | 44,908,631 | $8.4B | Add +0.4% |
| AAPL Apple Inc. | 4.44% | 24,410,695 | $6.6B | Reduce -1.9% |
| MSFT Microsoft Corp. | 4.08% | 12,615,044 | $6.1B | Add +1.6% |
| AMZN Amazon.com Inc. | 2.76% | 17,852,026 | $4.1B | Add +8.3% |
| AVGO Broadcom Inc. | 2.66% | 11,494,906 | $4.0B | Add +15.7% |
| GOOGL Alphabet Inc. Class A | 2.29% | 10,958,980 | $3.4B | Add +1.6% |
| META Meta Platforms Inc. Class A | 1.75% | 3,973,333 | $2.6B | Add +13.6% |
| GOOG Alphabet Inc. Class C | 1.62% | 7,734,619 | $2.4B | Reduce -3.5% |
| BG Bunge Global SA | 1.56% | 26,247,358 | $2.3B | No change |
| TSLA Tesla Inc. | 1.52% | 5,050,797 | $2.3B | Reduce -1.0% |
| MA Mastercard Inc. Class A | 1.41% | 3,696,302 | $2.1B | Reduce -4.7% |
| JPM JPMorgan Chase & Co. | 1.20% | 5,573,356 | $1.8B | Reduce -2.4% |
| RY Royal Bank of Canada | 1.13% | 9,878,066 | $1.7B | Add +43.2% |
| SRAD Sportradar Group AG-A | 1.08% | 68,171,745 | $1.6B | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 2,879,419 | $1.4B | Add +26.7% |
| VIK Viking Holdings Ltd. | 0.96% | 20,144,744 | $1.4B | Reduce -19.9% |
| LLY Eli Lilly & Co. | 0.95% | 1,328,196 | $1.4B | Add +6.4% |
| SHOP Shopify Inc. Class A | 0.94% | 8,763,307 | $1.4B | Add +62.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.94% | 2,062,000 | $1.4B | Reduce -7.8% |
| UNP Union Pacific Corp. | 0.94% | 6,064,158 | $1.4B | Add +44.4% |
| CNQ Canadian Natural Resources | 0.93% | 41,023,224 | $1.4B | Reduce -0.3% |
| LYV Live Nation Entertainment Inc. | 0.90% | 9,434,036 | $1.3B | Add +6.0% |
| TD Toronto-Dominion Bank | 0.85% | 13,523,256 | $1.3B | Add +25.4% |
| TMUS T-Mobile US Inc. | 0.79% | 5,790,255 | $1.2B | Reduce -4.8% |
| DLR Digital Realty Trust Inc. | 0.77% | 7,461,107 | $1.2B | Reduce -0.0% |
| PLTR Palantir Technologies Inc. Class A | 0.70% | 5,890,975 | $1.0B | Add +13.7% |
| TRP TC Energy Corp. | 0.67% | 18,168,460 | $1.0B | Reduce -15.1% |
| GE General Electric filed as GE AEROSPACE | 0.66% | 3,192,000 | $983.2M | Reduce -52.3% |
| AMD Advanced Micro Devices | 0.63% | 4,400,591 | $942.4M | Add +30.2% |
| EQH Equitable Holdings Inc. | 0.61% | 19,284,053 | $918.9M | Add +10.1% |
| EQIX Equinix Inc. | 0.59% | 1,153,972 | $884.1M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 0.57% | 7,043,313 | $847.6M | Add +3.9% |
| COST Costco Wholesale Corp. | 0.56% | 974,979 | $840.8M | Add +5.1% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.55% | 6,325,714 | $821.5M | Add +64.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 14,582,572 | $802.0M | Reduce -6.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.53% | 10,770,460 | $794.4M | Add +22.8% |
| ISRG Intuitive Surgical Inc. | 0.53% | 1,396,564 | $791.0M | Reduce -4.6% |
| LNG Cheniere Energy Inc. | 0.52% | 4,009,172 | $779.3M | Add +119.1% |
| LIN Linde PLC | 0.51% | 1,787,947 | $762.4M | Reduce -46.6% |
| WMT Walmart Inc. | 0.50% | 6,657,384 | $741.7M | Add +9.0% |
| JNJ Johnson & Johnson | 0.49% | 3,554,592 | $735.6M | Add +2.1% |
| ARES Ares Management Corp. Class A | 0.48% | 4,476,637 | $723.6M | Add +125.8% |
| IWM iShares Russell 2000 ETF | 0.46% | 2,781,000 | $684.6M | No change |
| NFLX Netflix Inc. | 0.46% | 7,270,231 | $681.7M | Reduce -17.2% |
| BSX Boston Scientific Corp. | 0.44% | 6,861,760 | $654.3M | Add +30.4% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.44% | 7,181,018 | $651.0M | Add +13.8% |
| COF Capital One Financial Corp. | 0.43% | 2,673,260 | $647.9M | Reduce -9.8% |
| ABBV Abbvie Inc. | 0.43% | 2,791,647 | $637.9M | Reduce -12.4% |
| WAY Waystar Holding Corp. | 0.42% | 19,025,452 | $623.1M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.41% | 3,635,686 | $616.6M | Add +47.8% |
| ADBE Adobe Inc. | 0.40% | 1,728,266 | $604.9M | Add +27.2% |
| CSCO Cisco Systems Inc. | 0.40% | 7,812,260 | $601.8M | Reduce -7.2% |
| GS Goldman Sachs Group Inc. | 0.40% | 682,826 | $600.2M | Reduce -6.6% |
| BN Brookfield Corp. | 0.40% | 13,060,197 | $599.7M | Add +31.8% |
| DHR Danaher Corp. | 0.39% | 2,524,695 | $578.0M | Add +5.6% |
| PG The Procter & Gamble Co. | 0.38% | 4,013,781 | $575.2M | Add +14.3% |
| ORCL Oracle Corp. | 0.38% | 2,930,026 | $571.1M | Add +32.8% |
| B Barrick Mining Corp. | 0.38% | 12,999,559 | $566.3M | Add +63.2% |
| MU Micron Technology Inc. | 0.38% | 1,983,709 | $566.2M | Add +46.4% |
| CRM Salesforce Inc. | 0.37% | 2,109,201 | $558.7M | Add +2.7% |
| HD Home Depot Inc. | 0.37% | 1,608,447 | $553.5M | Add +3.3% |
| C Citigroup Inc. | 0.37% | 4,722,557 | $551.1M | Reduce -16.3% |
| ENB Enbridge Inc. | 0.36% | 11,213,052 | $536.6M | Add +11.6% |
| NTR Nutrien Ltd. | 0.35% | 8,509,304 | $525.2M | Add +17.0% |
| KO The Coca-Cola Co. | 0.34% | 7,371,801 | $515.4M | Add +3.6% |
| UNH Unitedhealth Group Inc. | 0.32% | 1,458,305 | $481.4M | Reduce -7.8% |
| AMAT Applied Materials Inc. | 0.32% | 1,872,648 | $481.3M | Add +38.7% |
| LRCX Lam Research Corp. | 0.32% | 2,806,541 | $480.4M | Reduce -16.1% |
| CRC California Resources Corp. | 0.31% | 10,506,895 | $469.8M | No change |
| CVX Chevron Corp. | 0.31% | 3,037,753 | $463.0M | Add +3.6% |
| MRK Merck & Co. Inc. | 0.30% | 4,314,599 | $454.2M | Add +12.1% |
| PEP Pepsico Inc. | 0.30% | 3,152,369 | $452.4M | Reduce -16.0% |
| CP Canadian Pacific Kansas City | 0.30% | 6,006,835 | $442.2M | Add +42.0% |
| RNW Renew Energy Global PLC-A | 0.29% | 76,501,166 | $432.2M | No change |
| TTE Totalenergies SE | 0.29% | 6,622,258 | $431.9M | New |
| WFC Wells Fargo & Co. | 0.29% | 4,595,226 | $428.3M | Reduce -9.0% |
| OMC Omnicom Group | 0.28% | 5,165,887 | $417.1M | Add +2186.1% |
| PLD Prologis Inc. | 0.28% | 3,259,657 | $416.1M | Add +1.1% |
| SCHW Schwab (charles) Corp. | 0.28% | 4,131,000 | $412.7M | Reduce -24.6% |
| MS Morgan Stanley | 0.27% | 2,308,502 | $409.8M | Reduce -1.2% |
| UBS UBS Group AG-Reg | 0.27% | 8,778,075 | $408.8M | Add +53.3% |
| GEHC GE Healthcare Technology | 0.27% | 4,900,615 | $401.9M | Add +33.9% |
| MFC Manulife Financial Corp. | 0.27% | 11,021,043 | $400.2M | Add +74.3% |
| MDLN Medline Inc. Class A | 0.27% | 9,500,000 | $399.0M | New |
| PM Philip Morris International | 0.26% | 2,454,762 | $393.7M | Reduce -3.0% |
| AMT American Tower Corp. | 0.26% | 2,197,273 | $385.8M | Add +246.8% |
| IQV Iqvia Holdings Inc. | 0.26% | 1,703,420 | $384.0M | Reduce -58.6% |
| INTC Intel Corp. | 0.25% | 10,285,517 | $379.5M | Add +101.6% |
| WPM Wheaton Precious Metals Corp. | 0.25% | 3,226,203 | $379.3M | Add +45.3% |
| QCOM Qualcomm Inc. | 0.25% | 2,151,066 | $367.9M | Add +25.0% |
| TRGP Targa Resources Corp. | 0.25% | 1,990,319 | $367.2M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 1,226,933 | $363.4M | Add +36.6% |
| CNI Canadian Natl Railway Co. | 0.24% | 3,604,681 | $356.5M | Add +10.6% |
| SU Suncor Energy Inc. | 0.23% | 7,856,625 | $348.7M | Reduce -27.1% |
| CMCSA Comcast Corp. Class A | 0.23% | 11,646,730 | $348.1M | Reduce -4.1% |
| PCG P G & E Corp. | 0.23% | 21,259,243 | $341.6M | Reduce -3.3% |
| PH Parker Hannifin Corp. | 0.22% | 380,835 | $334.7M | Add +0.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.22% | 19,668,362 | $329.2M | Reduce -23.4% |
| MCD McDonald's Corp. | 0.22% | 1,068,763 | $326.6M | Reduce -16.6% |
| ACN Accenture PLC Class A | 0.22% | 1,215,973 | $326.2M | Add +20.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $29.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 29,957,000 | $29.6M | No change |
Total filed on the 13F, all lines: $149.5B.
Portfolio Sells Q3 2025 → Q4 2025
| INFA Informatica Inc. Class A | Sold out | 0.00% | −1.12 |
| GE General Electric | Reduce -52.3% | 0.66% | −0.76 |
| LIN Linde PLC | Reduce -46.6% | 0.51% | −0.61 |
| D Dominion Energy Inc. | Reduce -76.8% | 0.09% | −0.34 |
| WTRG Essential Utilities Inc. | Reduce -99.4% | 0.00% | −0.32 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.30 |
| IQV Iqvia Holdings Inc. | Reduce -58.6% | 0.26% | −0.29 |
| NFLX Netflix Inc. | Reduce -17.2% | 0.46% | −0.28 |
| TMUS T-Mobile US Inc. | Reduce -4.8% | 0.79% | −0.24 |
| TXN Texas Instruments Inc. | Reduce -51.5% | 0.14% | −0.18 |
| TRP TC Energy Corp. | Reduce -15.1% | 0.67% | −0.15 |
| INTU Intuit Inc. | Reduce -64.8% | 0.07% | −0.15 |
| MA Mastercard Inc. Class A | Reduce -4.7% | 1.41% | −0.14 |
| VIK Viking Holdings Ltd. | Reduce -19.9% | 0.96% | −0.14 |
| DLR Digital Realty Trust Inc. | Reduce -0.0% | 0.77% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.8% | 0.94% | −0.11 |
| LAD Lithia Motors Inc. | Reduce -98.7% | 0.00% | −0.10 |
| VSAT Viasat Inc. | Reduce -99.9% | 0.00% | −0.10 |
| RBLX Roblox Corp. Class A | Reduce -32.6% | 0.06% | −0.10 |
| APTV Aptiv PLC | Reduce -90.1% | 0.01% | −0.10 |
| AZO AutoZone Inc. | Reduce -41.8% | 0.07% | −0.10 |
| SCHW Schwab (charles) Corp. | Reduce -24.6% | 0.28% | −0.09 |
| ABBV Abbvie Inc. | Reduce -12.4% | 0.43% | −0.09 |
| AEP American Electric Power | Reduce -84.3% | 0.02% | −0.09 |
| TEL Te Connectivity PLC | Reduce -49.0% | 0.09% | −0.08 |
| SU Suncor Energy Inc. | Reduce -27.1% | 0.23% | −0.08 |
| BKNG Booking Holdings Inc. | Reduce -29.3% | 0.16% | −0.08 |
| TSLA Tesla Inc. | Reduce -1.0% | 1.52% | −0.07 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -23.4% | 0.22% | −0.07 |
| PEP Pepsico Inc. | Reduce -16.0% | 0.30% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -2.4% | 1.20% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -7.8% | 0.32% | −0.06 |
| TJX TJX Companies Inc. | Reduce -30.9% | 0.14% | −0.06 |
| EQIX Equinix Inc. | Reduce -2.2% | 0.59% | −0.06 |
| LOW Lowe's Cos Inc. | Reduce -30.7% | 0.10% | −0.06 |
| T AT&T Inc. | Reduce -6.9% | 0.20% | −0.06 |
| MCD McDonald's Corp. | Reduce -16.6% | 0.22% | −0.06 |
| EXAS Exact Sciences Corp. | Reduce -73.7% | 0.05% | −0.05 |
| FSLR First Solar Inc. | Reduce -58.2% | 0.05% | −0.05 |
| XP XP Inc. Class A | Sold out | 0.00% | −0.05 |
| PGR Progressive Corp. | Reduce -25.6% | 0.10% | −0.05 |
| EXC Exelon Corp. | Reduce -21.5% | 0.13% | −0.05 |
| GD General Dynamics Corp. | Reduce -26.0% | 0.11% | −0.05 |
| XEL Xcel Energy Inc. | Reduce -77.9% | 0.01% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Reduce -21.5% | 0.06% | −0.04 |
| PRU Prudential Financial Inc. | Reduce -80.7% | 0.01% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -31.4% | 0.06% | −0.04 |
| AVB Avalonbay Communities Inc. | Reduce -13.7% | 0.14% | −0.04 |
| KKR KKR & Co. Inc. | Reduce -34.3% | 0.06% | −0.04 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -70.7% | 0.01% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +1.6% | 2.29% | +0.45 |
| RY Royal Bank of Canada | Add +43.2% | 1.13% | +0.41 |
| SHOP Shopify Inc. Class A | Add +62.8% | 0.94% | +0.38 |
| AVGO Broadcom Inc. | Add +15.7% | 2.66% | +0.36 |
| TTE Totalenergies SE | New | 0.29% | +0.29 |
| LLY Eli Lilly & Co. | Add +6.4% | 0.95% | +0.29 |
| MDLN Medline Inc. Class A | New | 0.27% | +0.27 |
| OMC Omnicom Group | Add +2186.1% | 0.28% | +0.27 |
| ARES Ares Management Corp. Class A | Add +125.8% | 0.48% | +0.26 |
| TD Toronto-Dominion Bank | Add +25.4% | 0.85% | +0.25 |
| AMD Advanced Micro Devices | Add +30.2% | 0.63% | +0.25 |
| UNP Union Pacific Corp. | Add +44.4% | 0.94% | +0.24 |
| MU Micron Technology Inc. | Add +46.4% | 0.38% | +0.22 |
| LNG Cheniere Energy Inc. | Add +119.1% | 0.52% | +0.22 |
| AMZN Amazon.com Inc. | Add +8.3% | 2.76% | +0.22 |
| BMO Bank of Montreal | Add +64.3% | 0.55% | +0.20 |
| B Barrick Mining Corp. | Add +63.2% | 0.38% | +0.20 |
| AMT American Tower Corp. | Add +246.8% | 0.26% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +26.7% | 0.97% | +0.17 |
| INTC Intel Corp. | Add +101.6% | 0.25% | +0.13 |
| BNS Bank of Nova Scotia | Add +22.8% | 0.53% | +0.13 |
| MFC Manulife Financial Corp. | Add +74.3% | 0.27% | +0.13 |
| AMAT Applied Materials Inc. | Add +38.7% | 0.32% | +0.13 |
| AEM Agnico Eagle Mines Ltd. | Add +47.8% | 0.41% | +0.12 |
| DIS The Walt Disney Co. | Add +146.4% | 0.20% | +0.12 |
| UBS UBS Group AG-Reg | Add +53.3% | 0.27% | +0.11 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1605.4% | 0.11% | +0.11 |
| BMY Bristol-Myers Squibb Co. | Add +83.9% | 0.16% | +0.09 |
| CHWY Chewy Inc. Class A | Add +854.8% | 0.10% | +0.08 |
| BN Brookfield Corp. | Add +31.8% | 0.40% | +0.08 |
| CM Can Imperial BK of Commerce | Add +13.8% | 0.44% | +0.08 |
| WPM Wheaton Precious Metals Corp. | Add +45.3% | 0.25% | +0.08 |
| BSX Boston Scientific Corp. | Add +30.4% | 0.44% | +0.08 |
| MRK Merck & Co. Inc. | Add +12.1% | 0.30% | +0.08 |
| GEHC GE Healthcare Technology | Add +33.9% | 0.27% | +0.08 |
| CP Canadian Pacific Kansas City | Add +42.0% | 0.30% | +0.07 |
| TRI Thomson Reuters Corp. | Add +582.1% | 0.08% | +0.07 |
| ADBE Adobe Inc. | Add +27.2% | 0.40% | +0.07 |
| VTR Ventas Inc. | Add +54.0% | 0.17% | +0.07 |
| IBM Intl Business Machines Corp. | Add +36.6% | 0.24% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +153.0% | 0.12% | +0.06 |
| NET Cloudflare Inc. Class A | Add +906.0% | 0.07% | +0.06 |
| EMA Emera Inc. | Add +214.9% | 0.09% | +0.06 |
| MRVL Marvell Technology Inc. | Add +64.0% | 0.17% | +0.06 |
| FLUT Flutter Entertainment PLC-Di | Add +226.3% | 0.10% | +0.06 |
| KGC Kinross Gold Corp. | Add +42.7% | 0.17% | +0.06 |
| NSC Norfolk Southern Corp. | Add +101.0% | 0.12% | +0.06 |
| APH Amphenol Corp. Class A | Add +57.4% | 0.14% | +0.06 |
| ROST Ross Stores Inc. | Add +55.6% | 0.13% | +0.05 |
| WELL Welltower Inc. | Add +94.4% | 0.11% | +0.05 |
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 |