Connor, Clark & Lunn Investment Management Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Connor, Clark & Lunn Investment Management Ltd. reported 1,400 stock positions worth $20.6 billion. Its top holding was Royal Bank of Canada (RY) at 6.2% of the portfolio, followed by Can Imperial BK of Commerce (CM, 3.2%) and Toronto-Dominion Bank (TD, 3.0%). Compared with Q2 2024, it opened 356 new positions, sold out of 301, added to 566 and reduced 466. The biggest buy was Royal Bank of Canada (RY, shares +0%) and the biggest sale Apple (AAPL, shares −68%).

Most Recent 13F
Q2 2026
Location
VANCOUVER, A1
CIK
0001596800
Portfolio Value
$20.6B (Q3 2024)
SEC Filing
0001596800-24-000018 ↗ filed Nov 8, 2024

Holdings Value

0$20.0B$40.0B$60.0B Q1 2024: $23.2B Q1 2024 Q2 2024: $23.8B Q2 2024 Q3 2024: $20.6B $20.6B Q3 2024 Q4 2024: $22.1B Q4 2024 Q1 2025: $22.9B Q1 2025 Q2 2025: $28.4B Q2 2025 Q3 2025: $31.7B Q3 2025 Q4 2025: $38.1B Q4 2025 Q1 2026: $43.4B Q1 2026 Q2 2026: $52.8B Q2 2026

Holdings 1,400 stocks · $20.6B

RY Royal Bank of Canada 6.17% 10,191,175 $1.3B Add +0.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 3.16% 10,641,498 $652.7M Add +14.0%
TD Toronto-Dominion Bank 2.99% 9,761,308 $617.2M Add +1.5%
ENB Enbridge Inc. 2.42% 12,278,739 $498.7M Add +27.8%
AEM Agnico Eagle Mines Ltd. 2.30% 5,892,898 $474.7M Add +16.1%
CNI Canadian Natl Railway Co. 2.25% 3,962,972 $464.0M Add +5.4%
TRI Thomson Reuters Corp. 2.13% 2,577,905 $439.7M Add +11.0%
SHOP Shopify Inc. Class A 2.12% 5,448,008 $436.4M Reduce -6.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 2.04% 7,710,790 $420.1M Reduce -20.9%
CP Canadian Pacific Kansas City 1.94% 4,674,781 $399.8M Reduce -2.3%
SU Suncor Energy Inc. 1.73% 9,695,560 $357.8M Add +23.3%
WCN Waste Connections Inc. 1.70% 1,964,082 $351.0M Add +44.2%
CNQ Canadian Natural Resources 1.64% 10,209,249 $339.0M Reduce -15.7%
MFC Manulife Financial Corp. 1.60% 11,143,675 $329.3M Reduce -10.9%
TRP TC Energy Corp. 1.56% 6,769,975 $321.8M Add +156.1%
BN Brookfield Corp. 1.50% 5,838,483 $310.1M Reduce -15.2%
NVDA Nvidia Corp. 1.44% 2,437,227 $296.0M Reduce -40.4%
MSFT Microsoft Corp. 1.39% 666,526 $286.8M Reduce -48.1%
SLF Sun Life Financial Inc. 1.31% 4,665,564 $270.6M Reduce -4.6%
PBA Pembina Pipeline Corp. 1.24% 6,217,105 $256.2M Reduce -19.7%
B Barrick Gold Corp. 0.97% 10,027,811 $199.4M Add +221.1%
DSGX The Descartes Systems Grp 0.95% 1,912,395 $196.8M Reduce -6.8%
AAPL Apple Inc. 0.93% 827,005 $192.7M Reduce -68.3%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.87% 1,985,056 $179.1M Reduce -39.2%
FTS Fortis Inc. 0.83% 3,747,036 $170.2M Add +15.7%
CLS Celestica Inc. 0.78% 3,140,946 $160.6M Reduce -41.0%
QSR Restaurant Brands Intern 0.77% 2,207,251 $159.3M Add +16.2%
GIB Cgi Inc. 0.76% 1,368,822 $157.5M Add +68.2%
IMO Imperial Oil Ltd. 0.72% 2,107,250 $148.2M Add +9.8%
WPM Wheaton Precious Metals Corp. 0.71% 2,406,091 $146.9M Reduce -35.1%
CCJ Cameco Corp. 0.71% 3,060,974 $146.2M Reduce -45.0%
STN Stantec Inc. 0.69% 1,776,167 $142.8M Add +2.8%
KGC Kinross Gold Corp. 0.60% 13,267,312 $124.3M Add +5.1%
BCE Bce Inc. 0.60% 3,563,534 $123.9M Add +48.7%
AGI Alamos Gold Inc. Class A 0.54% 5,554,082 $110.7M Add +19.1%
RCI Rogers Communications Inc. Class B 0.51% 2,610,833 $105.0M Add +86.6%
CVE Cenovus Energy Inc. 0.49% 6,030,225 $100.8M Reduce -53.5%
AVGO Broadcom Inc. 0.47% 561,442 $96.8M Reduce -65.7%
TU Telus Corp. 0.47% 5,755,771 $96.6M Reduce -4.1%
BIP Brookfield Infrastructure Pa 0.46% 2,704,330 $94.9M Reduce -14.6%
META Meta Platforms Inc. Class A 0.46% 164,647 $94.3M Reduce -69.9%
BAM Brookfield Asset Mgmt-A 0.45% 1,965,162 $92.9M Add +66.4%
VALE Vale SA-SP ADR 0.45% 7,951,020 $92.9M Add +6.3%
GOOG Alphabet Inc. Class C 0.43% 536,663 $89.7M Reduce -68.6%
PDD PDD Holdings Inc. 0.43% 653,896 $88.2M Reduce -34.8%
GRP.U Granite Real Estate Investme 0.42% 1,445,475 $87.2M Reduce -2.1%
PG The Procter & Gamble Co. 0.42% 497,400 $86.1M Reduce -50.5%
AMZN Amazon.com Inc. 0.42% 460,771 $85.9M Reduce -78.8%
FSV Firstservice Corp. 0.41% 466,731 $85.3M Reduce -3.6%
FNV Franco-Nevada Corp. 0.41% 678,916 $84.3M Reduce -2.1%
RBA RB Global Inc. 0.39% 993,686 $80.0M Reduce -26.6%
INDA iShares MSCI India ETF 0.38% 1,352,046 $79.1M Reduce -76.3%
HBM Hudbay Minerals Inc. 0.35% 7,756,655 $71.3M Reduce -10.8%
INTU Intuit Inc. 0.31% 102,940 $63.9M Add +199.6%
IBN Icici Bank Ltd.-Spon ADR 0.31% 2,128,885 $63.5M Add +10.8%
NTR Nutrien Ltd. 0.30% 1,287,220 $61.8M Add +34.2%
NTNX Nutanix Inc. Class A 0.30% 1,043,501 $61.8M Reduce -25.1%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.30% 1,226,936 $61.6M Reduce -2.5%
COST Costco Wholesale Corp. 0.29% 66,399 $58.9M Add +33.1%
MRK Merck & Co. Inc. 0.28% 515,844 $58.6M Reduce -60.6%
OR Osisko Gold Royalties Ltd. 0.27% 3,026,171 $56.0M Reduce -26.0%
SE Sea Ltd.-ADR 0.26% 565,473 $53.3M Reduce -47.7%
V Visa Inc. Class A 0.25% 188,456 $51.8M Reduce -60.6%
LLY Eli Lilly & Co. 0.25% 58,044 $51.4M Add +6.7%
TECK Teck Resources Ltd.-CLS B 0.25% 980,794 $51.2M Reduce -68.3%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.25% 225,854 $50.7M Add +160.0%
WIX Wix.com Ltd. 0.24% 301,508 $50.4M Reduce -32.3%
INTC Intel Corp. 0.24% 2,138,375 $50.2M Reduce -23.1%
JPM JPMorgan Chase & Co. 0.24% 234,686 $49.5M Reduce -58.3%
ROKU Roku Inc. 0.24% 657,301 $49.1M Reduce -17.0%
INFY Infosys Ltd.-SP ADR 0.24% 2,186,685 $48.7M Add +186.3%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.23% 779,499 $48.1M Add +23.0%
MRVL Marvell Technology Inc. 0.22% 643,049 $46.4M Add +64.3%
GFL GFL Environmental Inc.-Sub VT 0.22% 1,122,982 $44.8M Reduce -4.5%
TSM Taiwan Semiconductor-SP ADR 0.22% 256,028 $44.5M Reduce -30.6%
BA The Boeing Co. 0.21% 280,571 $42.7M Add +0.1%
HDB HDFC Bank Ltd.-ADR 0.21% 677,849 $42.4M Add +570.4%
ICE Intercontinental Exchange Inc. 0.20% 260,996 $41.9M Add +145.8%
SNAP Snap Inc. Class A 0.20% 3,910,459 $41.8M Add +49.6%
HPE Hewlett Packard Enterprise 0.20% 2,016,158 $41.3M Add +69.8%
NTAP Netapp Inc. 0.20% 328,566 $40.6M Add +11.7%
MS Morgan Stanley 0.20% 385,787 $40.2M Reduce -60.6%
KO The Coca-Cola Co. 0.19% 559,316 $40.2M Add +105.5%
NGD New Gold Inc. 0.19% 13,827,282 $40.1M Reduce -5.2%
CORT Corcept Therapeutics Inc. 0.19% 859,563 $39.8M Add +20.0%
GOOGL Alphabet Inc. Class A 0.19% 236,202 $39.2M Reduce -68.0%
KMX Carmax Inc. 0.19% 501,169 $38.8M Reduce -5.1%
PHG Koninklijke Philips NVR- NY 0.19% 1,183,871 $38.7M Reduce -60.7%
INCY Incyte Corp. 0.19% 582,107 $38.5M Reduce -48.5%
SAP Sap SE-Sponsored ADR 0.18% 164,330 $37.6M Add +644.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.18% 314,212 $36.9M Reduce -36.6%
NFLX Netflix Inc. 0.18% 51,265 $36.4M Reduce -34.2%
CHT Chunghwa Telecom LT-Spon ADR 0.18% 915,853 $36.3M Add +120.5%
CVX Chevron Corp. 0.18% 245,477 $36.2M Add +429.9%
TDG Transdigm Group Inc. 0.17% 25,244 $36.0M Reduce -54.4%
BTG B2GOLD Corp. 0.17% 11,596,488 $35.8M Add +69.5%
ABNB Airbnb Inc. Class A 0.17% 275,860 $35.0M New
QCOM Qualcomm Inc. 0.17% 205,081 $34.9M New
TMUS T-Mobile US Inc. 0.16% 160,354 $33.1M Add +356.7%
ROP Roper Technologies Inc. 0.16% 58,949 $32.8M Reduce -37.1%

Show all 1,400 holdings

Portfolio Sells Q2 2024 → Q3 2024

AAPL Apple Inc. Reduce -68.3% 0.93% −1.37
AMZN Amazon.com Inc. Reduce -78.8% 0.42% −1.35
MSFT Microsoft Corp. Reduce -48.1% 1.39% −1.02
INDA iShares MSCI India ETF Reduce -76.3% 0.38% −0.96
GOOG Alphabet Inc. Class C Reduce -68.6% 0.43% −0.88
META Meta Platforms Inc. Class A Reduce -69.9% 0.46% −0.70
NVDA Nvidia Corp. Reduce -40.4% 1.44% −0.69
AVGO Broadcom Inc. Reduce -65.7% 0.47% −0.63
CVE Cenovus Energy Inc. Reduce -53.5% 0.49% −0.58
CLS Celestica Inc. Reduce -41.0% 0.78% −0.50
PAAS Pan American Silver Corp. Reduce -92.9% 0.05% −0.48
MU Micron Technology Inc. Reduce -87.0% 0.06% −0.48
TXN Texas Instruments Inc. Reduce -99.3% 0.00% −0.47
CCJ Cameco Corp. Reduce -45.0% 0.71% −0.44
MRK Merck & Co. Inc. Reduce -60.6% 0.28% −0.40
GOOGL Alphabet Inc. Class A Reduce -68.0% 0.19% −0.37
TECK Teck Resources Ltd.-CLS B Reduce -68.3% 0.25% −0.37
ZTS Zoetis Inc. Sold out 0.00% −0.35
UBER Uber Technologies Inc. Sold out 0.00% −0.31
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.30
CRM Salesforce Inc. Reduce -71.3% 0.16% −0.29
BMO Bank of Montreal Reduce -39.2% 0.87% −0.28
MDT Medtronic PLC Reduce -74.0% 0.15% −0.28
IBM Intl Business Machines Corp. Reduce -76.1% 0.15% −0.28
HD Home Depot Inc. Reduce -80.0% 0.10% −0.28
PG The Procter & Gamble Co. Reduce -50.5% 0.42% −0.28
V Visa Inc. Class A Reduce -60.6% 0.25% −0.28
JNJ Johnson & Johnson Reduce -89.0% 0.04% −0.27
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.26
CSX CSX Corp. Reduce -81.4% 0.08% −0.26
GILD Gilead Sciences Inc. Reduce -95.6% 0.02% −0.26
MEOH Methanex Corp. Reduce -72.6% 0.09% −0.25
BRK.B Berkshire Hathaway Inc. Class B Reduce -69.9% 0.16% −0.24
ATS Ats Corp. Reduce -82.3% 0.05% −0.24
JPM JPMorgan Chase & Co. Reduce -58.3% 0.24% −0.24
VRN Veren Inc. Reduce -54.7% 0.15% −0.22
MS Morgan Stanley Reduce -60.6% 0.20% −0.20
CEG Constellation Energy Reduce -82.0% 0.07% −0.18
PNC PNC Financial Services Group Reduce -93.3% 0.02% −0.18
XYZ Block Inc. Reduce -79.0% 0.06% −0.17
CBRE CBRE Group Inc. Class A Reduce -99.0% 0.00% −0.17
CB Chubb Ltd. Reduce -65.2% 0.14% −0.17
CNQ Canadian Natural Resources Reduce -15.7% 1.64% −0.17
FTNT Fortinet Inc. Reduce -94.5% 0.01% −0.17
HSY The Hershey Co. Reduce -95.7% 0.01% −0.16
RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −0.16
ADSK Autodesk Inc. Reduce -89.4% 0.02% −0.15
PRMW Primo Water Corp. Reduce -72.1% 0.09% −0.15
BAC Bank of America Corp. Reduce -93.7% 0.01% −0.14
TMO Thermo Fisher Scientific Inc. Reduce -65.5% 0.11% −0.14

Portfolio Buys Q2 2024 → Q3 2024

RY Royal Bank of Canada Add +0.1% 6.17% +1.62
CM Can Imperial BK of Commerce Add +14.0% 3.16% +1.30
TRP TC Energy Corp. Add +156.1% 1.56% +1.14
ENB Enbridge Inc. Add +27.8% 2.42% +0.98
AEM Agnico Eagle Mines Ltd. Add +16.1% 2.30% +0.91
TD Toronto-Dominion Bank Add +1.5% 2.99% +0.77
B Barrick Gold Corp. Add +221.1% 0.97% +0.75
WCN Waste Connections Inc. Add +44.2% 1.70% +0.70
TRI Thomson Reuters Corp. Add +11.0% 2.13% +0.49
SU Suncor Energy Inc. Add +23.3% 1.73% +0.48
GIB Cgi Inc. Add +68.2% 0.76% +0.42
CNI Canadian Natl Railway Co. Add +5.4% 2.25% +0.38
FTS Fortis Inc. Add +15.7% 0.83% +0.30
RCI Rogers Communications Inc. Class B Add +86.6% 0.51% +0.29
BCE Bce Inc. Add +48.7% 0.60% +0.27
BAM Brookfield Asset Mgmt-A Add +66.4% 0.45% +0.26
AGI Alamos Gold Inc. Class A Add +19.1% 0.54% +0.23
INTU Intuit Inc. Add +199.6% 0.31% +0.22
QSR Restaurant Brands Intern Add +16.2% 0.77% +0.21
ONC Beone Medicines Ltd.-ADR Add +160.0% 0.25% +0.19
HDB HDFC Bank Ltd.-ADR Add +570.4% 0.21% +0.18
INFY Infosys Ltd.-SP ADR Add +186.3% 0.24% +0.18
ABNB Airbnb Inc. Class A New 0.17% +0.17
QCOM Qualcomm Inc. New 0.17% +0.17
IMO Imperial Oil Ltd. Add +9.8% 0.72% +0.17
SAP Sap SE-Sponsored ADR Add +644.9% 0.18% +0.16
KGC Kinross Gold Corp. Add +5.1% 0.60% +0.16
DIS The Walt Disney Co. New 0.15% +0.15
CVX Chevron Corp. Add +429.9% 0.18% +0.14
ICE Intercontinental Exchange Inc. Add +145.8% 0.20% +0.14
PM Philip Morris International New 0.14% +0.14
TMUS T-Mobile US Inc. Add +356.7% 0.16% +0.13
SLB SLB Ltd. Add +395.7% 0.16% +0.13
KO The Coca-Cola Co. Add +105.5% 0.19% +0.12
SOFI Sofi Technologies Inc. Add +214.8% 0.15% +0.12
FMX Fomento Economico Mex-SP ADR Add +267.6% 0.15% +0.11
MRVL Marvell Technology Inc. Add +64.3% 0.22% +0.11
CHT Chunghwa Telecom LT-Spon ADR Add +120.5% 0.18% +0.11
TEAM Atlassian Corp. Class A New 0.11% +0.11
COST Costco Wholesale Corp. Add +33.1% 0.29% +0.11
INSP Inspire Medical Systems Inc. Add +80.3% 0.15% +0.10
EXE Expand Energy Corp. Add +1028.8% 0.11% +0.10
VALE Vale SA-SP ADR Add +6.3% 0.45% +0.10
BTI British American Tob-SP ADR Add +3153.0% 0.10% +0.10
LUMN Lumen Technologies Inc. Add +9.9% 0.11% +0.10
UPST Upstart Holdings Inc. Add +63.8% 0.14% +0.10
BTG B2GOLD Corp. Add +69.5% 0.17% +0.10
CORT Corcept Therapeutics Inc. Add +20.0% 0.19% +0.10
NTR Nutrien Ltd. Add +34.2% 0.30% +0.09
HPE Hewlett Packard Enterprise Add +69.8% 0.20% +0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,621$52.8BRY, TD, NVDA, ENB, AAPL
Q1 2026 1,525$43.4BRY, AEM, TD, SU, ENB
Q4 2025 1,505$38.1BRY, AEM, SHOP, TD, CM
Q3 2025 1,475$31.7BRY, AEM, SHOP, CM, TD
Q2 2025 1,486$28.4BRY, AEM, SHOP, TD, CM
Q1 2025 1,383$22.9BRY, AEM, SHOP, TD, CM
Q4 2024 1,386$22.1BRY, SHOP, CM, TD, ENB
Q3 2024 1,400$20.6BRY, CM, TD, ENB, AEM
Q2 2024 1,345$23.8BRY, MSFT, AAPL, TD, NVDA
Q1 2024 1,501$23.2BRY, TD, BNS, AAPL, SHOP