Connor, Clark & Lunn Investment Management Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Connor, Clark & Lunn Investment Management Ltd. reported 1,525 stock positions worth $43.4 billion. Its top holding was Royal Bank of Canada (RY) at 4.0% of the portfolio, followed by Agnico Eagle Mines (AEM, 2.7%) and Toronto-Dominion Bank (TD, 2.3%). Compared with Q4 2025, it opened 290 new positions, sold out of 270, added to 640 and reduced 566. The biggest buy was Suncor Energy (SU, shares +48%) and the biggest sale Royal Bank of Canada (RY, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001596800
- Portfolio Value
- $43.4B (Q1 2026)
- SEC Filing
- 0001596800-26-000007 ↗ filed May 11, 2026
Holdings Value
Holdings 1,525 stocks · $43.4B
| RY Royal Bank of Canada | 4.04% | 10,834,613 | $1.8B | Reduce -6.1% |
| AEM Agnico Eagle Mines Ltd. | 2.69% | 5,749,629 | $1.2B | Reduce -11.9% |
| TD Toronto-Dominion Bank | 2.29% | 10,640,443 | $992.6M | Add +16.7% |
| SU Suncor Energy Inc. | 2.21% | 14,519,545 | $960.5M | Add +48.2% |
| ENB Enbridge Inc. | 2.18% | 17,419,225 | $944.4M | Add +76.5% |
| NVDA Nvidia Corp. | 2.08% | 5,180,697 | $903.5M | Add +17.0% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 1.99% | 9,134,241 | $864.5M | Reduce -1.1% |
| TRP TC Energy Corp. | 1.88% | 13,054,490 | $816.3M | Add +35.2% |
| AAPL Apple Inc. | 1.77% | 3,021,296 | $766.8M | Add +32.6% |
| SHOP Shopify Inc. Class A | 1.75% | 6,384,833 | $757.7M | Add +2.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 1.49% | 9,331,541 | $647.2M | Reduce -8.4% |
| PBUS Invesco MSCI USA ETF | 1.45% | 9,625,100 | $627.3M | Add +6.8% |
| CP Canadian Pacific Kansas City | 1.28% | 7,077,878 | $557.1M | Add +34.5% |
| MSFT Microsoft Corp. | 1.25% | 1,462,528 | $541.4M | Add +27.0% |
| AMZN Amazon.com Inc. | 1.17% | 2,447,707 | $509.8M | Add +21.6% |
| CNI Canadian Natl Railway Co. | 1.09% | 4,575,185 | $471.0M | Add +49.1% |
| CLS Celestica Inc. | 1.08% | 1,669,253 | $470.8M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 1.02% | 1,533,694 | $441.0M | Add +113.4% |
| CCJ Cameco Corp. | 0.92% | 3,683,294 | $399.8M | Reduce -14.6% |
| GOOG Alphabet Inc. Class C | 0.91% | 1,370,812 | $393.2M | Add +0.1% |
| B Barrick Mining Corp. | 0.81% | 8,590,514 | $351.1M | Reduce -14.6% |
| CNQ Canadian Natural Resources | 0.75% | 6,717,486 | $327.7M | Add +11.6% |
| KGC Kinross Gold Corp. | 0.75% | 10,689,824 | $326.9M | Reduce -12.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.66% | 849,639 | $287.1M | Reduce -5.7% |
| MA Mastercard Inc. Class A | 0.66% | 573,464 | $286.5M | Add +78.7% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.65% | 2,090,424 | $283.2M | Add +1.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.63% | 207,513 | $274.1M | Reduce -24.4% |
| WCN Waste Connections Inc. | 0.63% | 1,673,089 | $271.9M | Add +26.0% |
| FTS Fortis Inc. | 0.62% | 4,841,744 | $270.2M | Add +14.2% |
| V Visa Inc. Class A | 0.59% | 850,653 | $257.1M | Add +12.0% |
| AVGO Broadcom Inc. | 0.58% | 811,972 | $251.3M | Reduce -14.3% |
| MDA Mda Space Ltd. | 0.57% | 9,708,152 | $246.0M | New |
| MCD McDonald's Corp. | 0.55% | 763,056 | $237.2M | Add +55.2% |
| LLY Eli Lilly & Co. | 0.54% | 256,933 | $236.3M | Add +234.1% |
| EFXT Enerflex Ltd. | 0.54% | 11,193,025 | $234.2M | Add +30.9% |
| CVE Cenovus Energy Inc. | 0.54% | 8,831,030 | $233.7M | Add +23.5% |
| META Meta Platforms Inc. Class A | 0.54% | 407,955 | $233.4M | Add +54.4% |
| LRCX Lam Research Corp. | 0.54% | 1,088,123 | $232.5M | Add +34.8% |
| CVX Chevron Corp. | 0.53% | 1,105,006 | $228.6M | Add +2954.2% |
| UNP Union Pacific Corp. | 0.52% | 929,527 | $225.5M | Add +26.6% |
| MU Micron Technology Inc. | 0.51% | 651,716 | $220.2M | Reduce -8.1% |
| MFC Manulife Financial Corp. | 0.49% | 6,133,150 | $211.3M | Reduce -18.9% |
| MS Morgan Stanley | 0.47% | 1,252,759 | $206.2M | Add +69.6% |
| BN Brookfield Corp. | 0.46% | 4,938,599 | $200.1M | Reduce -10.0% |
| COST Costco Wholesale Corp. | 0.45% | 195,447 | $194.7M | Add +84.9% |
| SCHW Schwab (charles) Corp. | 0.45% | 2,062,821 | $193.9M | Add +31.1% |
| KMI Kinder Morgan Inc. | 0.44% | 5,725,664 | $192.0M | Add +33.5% |
| BTE Baytex Energy Corp. | 0.41% | 39,829,373 | $178.1M | Add +34.3% |
| SNPS Synopsys Inc. | 0.40% | 439,296 | $174.2M | Add +757.3% |
| PAAS Pan American Silver Corp. | 0.39% | 3,116,439 | $170.5M | Reduce -22.1% |
| XOM Exxon Mobil Corp. | 0.39% | 1,003,872 | $170.3M | Reduce -35.6% |
| LMT Lockheed Martin Corp. | 0.39% | 277,684 | $167.8M | Add +182.3% |
| IAG Iamgold Corp. | 0.37% | 8,600,025 | $161.8M | Add +73.6% |
| TSLA Tesla Inc. | 0.37% | 435,100 | $161.7M | Add +31.7% |
| PG The Procter & Gamble Co. | 0.37% | 1,114,838 | $161.0M | Add +24.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 3,295,934 | $160.7M | Add +109.0% |
| UNH Unitedhealth Group Inc. | 0.37% | 586,928 | $158.8M | Add +182.5% |
| IMO Imperial Oil Ltd. | 0.36% | 1,206,888 | $158.1M | Reduce -12.8% |
| BIP Brookfield Infrastructure Pa | 0.36% | 4,354,951 | $157.1M | Add +10.6% |
| WPM Wheaton Precious Metals Corp. | 0.36% | 1,191,117 | $156.4M | Add +1.3% |
| NGG National Grid PLC-SP ADR | 0.36% | 1,844,307 | $156.0M | Add +718.7% |
| GSK GSK PLC-Spon ADR | 0.36% | 2,817,445 | $155.5M | Add +62.2% |
| SII Sprott Inc. | 0.35% | 1,060,940 | $151.4M | Add +21.8% |
| HDB HDFC Bank Ltd.-ADR | 0.35% | 6,048,718 | $150.5M | Add +57.7% |
| VALE Vale SA-SP ADR | 0.35% | 9,446,336 | $150.3M | Reduce -47.3% |
| HBM Hudbay Minerals Inc. | 0.34% | 6,968,781 | $145.9M | Reduce -21.1% |
| JPM JPMorgan Chase & Co. | 0.33% | 484,736 | $142.6M | Add +84.7% |
| PWR Quanta Services Inc. | 0.33% | 257,230 | $141.2M | Add +17.4% |
| AMD Advanced Micro Devices | 0.33% | 693,659 | $141.1M | Reduce -17.5% |
| BEP Brookfield Renewable Partner | 0.32% | 4,288,912 | $139.9M | Add +56.7% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.32% | 8,620,685 | $138.7M | Add +12.1% |
| ORLY O'reilly Automotive Inc. | 0.32% | 1,489,555 | $137.5M | Reduce -8.2% |
| AMP Ameriprise Financial Inc. | 0.31% | 305,278 | $135.7M | Add +40.9% |
| SHEL Shell PLC-ADR | 0.31% | 1,431,231 | $133.1M | Reduce -42.5% |
| LOW Lowe's Cos Inc. | 0.30% | 558,473 | $132.0M | Reduce -26.8% |
| BA The Boeing Co. | 0.29% | 641,723 | $127.7M | Reduce -11.8% |
| NTR Nutrien Ltd. | 0.29% | 1,678,747 | $126.7M | Add +59.7% |
| RCI Rogers Communications Inc. Class B | 0.28% | 3,181,014 | $122.4M | Add +449.0% |
| ARIS Aris Mining Corp. | 0.28% | 6,580,775 | $122.2M | Add +19.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 253,093 | $121.3M | Reduce -22.4% |
| TXN Texas Instruments Inc. | 0.28% | 619,150 | $120.2M | Add +7.0% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 420,029 | $119.2M | Reduce -38.2% |
| EQX Equinox Gold Corp. | 0.27% | 8,245,756 | $119.1M | Reduce -18.2% |
| STX Seagate Technology Holdings | 0.27% | 298,197 | $116.8M | Reduce -21.1% |
| WFC Wells Fargo & Co. | 0.26% | 1,441,784 | $114.8M | Add +14929.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 251,711 | $112.4M | Reduce -27.1% |
| RBA RB Global Inc. | 0.25% | 1,122,092 | $107.6M | Add +24.0% |
| SBUX Starbucks Corp. | 0.25% | 1,201,097 | $107.6M | Add +200.6% |
| SNY Sanofi-ADR | 0.25% | 2,223,301 | $107.1M | Add +117.2% |
| AXP American Express Co. | 0.25% | 353,448 | $106.9M | Add +3602.2% |
| MEOH Methanex Corp. | 0.24% | 1,778,679 | $106.0M | Add +1.6% |
| BTI British American Tob-SP ADR | 0.24% | 1,793,515 | $104.9M | Add +772.0% |
| BKR Baker Hughes Co. | 0.24% | 1,712,358 | $104.5M | Add +1253.9% |
| PDD PDD Holdings Inc. | 0.24% | 1,017,683 | $104.0M | Add +369.5% |
| ALB Albemarle Corp. | 0.23% | 556,487 | $99.9M | Add +11.9% |
| TASEKO MINES LTD | 0.22% | 14,832,211 | $96.1M | Add +42.6% |
| SLF Sun Life Financial Inc. | 0.21% | 1,485,780 | $93.0M | Reduce -45.9% |
| SOBO South Bow Corp. | 0.21% | 2,793,557 | $92.8M | Add +73.3% |
| NOW ServiceNow Inc. | 0.21% | 886,304 | $92.7M | New |
| SAP Sap SE-Sponsored ADR | 0.21% | 533,732 | $91.4M | Add +276.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $48K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | 533,789 | $48K | Reduce -11.9% |
Total filed on the 13F, all lines: $43.4B.
Portfolio Sells Q4 2025 → Q1 2026
| RY Royal Bank of Canada | Reduce -6.1% | 4.04% | −1.12 |
| BNS Bank of Nova Scotia | Reduce -8.4% | 1.49% | −0.48 |
| ADBE Adobe Inc. | Reduce -98.0% | 0.01% | −0.44 |
| BAM Brookfield Asset Mgmt-A | Reduce -70.4% | 0.11% | −0.38 |
| TRI Thomson Reuters Corp. | Reduce -79.7% | 0.05% | −0.38 |
| GRTUF Granite Real Estate Investme | Sold out | 0.00% | −0.36 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.34 |
| B Barrick Mining Corp. | Reduce -14.6% | 0.81% | −0.34 |
| WMT Walmart Inc. | Reduce -76.0% | 0.09% | −0.29 |
| AVGO Broadcom Inc. | Reduce -14.3% | 0.58% | −0.28 |
| GE General Electric | Reduce -38.2% | 0.27% | −0.27 |
| VALE Vale SA-SP ADR | Reduce -47.3% | 0.35% | −0.27 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.24 |
| SLF Sun Life Financial Inc. | Reduce -45.9% | 0.21% | −0.24 |
| MFC Manulife Financial Corp. | Reduce -18.9% | 0.49% | −0.23 |
| ETN Eaton Corp. PLC | Reduce -66.9% | 0.11% | −0.22 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -86.6% | 0.02% | −0.22 |
| AEM Agnico Eagle Mines Ltd. | Reduce -11.9% | 2.69% | −0.21 |
| MELI MercadoLibre Inc. | Reduce -45.3% | 0.15% | −0.21 |
| INTC Intel Corp. | Reduce -72.7% | 0.08% | −0.21 |
| T AT&T Inc. | Reduce -97.3% | 0.01% | −0.21 |
| CM Can Imperial BK of Commerce | Reduce -1.1% | 1.99% | −0.20 |
| BN Brookfield Corp. | Reduce -10.0% | 0.46% | −0.20 |
| OTEX Open Text Corp. | Reduce -98.3% | 0.00% | −0.20 |
| GEV GE Vernova Inc. | Reduce -88.3% | 0.03% | −0.19 |
| LOW Lowe's Cos Inc. | Reduce -26.8% | 0.30% | −0.18 |
| ICE Intercontinental Exchange Inc. | Reduce -41.5% | 0.18% | −0.18 |
| SHEL Shell PLC-ADR | Reduce -42.5% | 0.31% | −0.17 |
| GIB Cgi Inc. | Reduce -65.9% | 0.05% | −0.17 |
| BP BP PLC-Spons ADR | Reduce -79.8% | 0.05% | −0.17 |
| MGA Magna International Inc. | Reduce -60.1% | 0.10% | −0.17 |
| SNOW Snowflake Inc. | Reduce -44.0% | 0.09% | −0.17 |
| GIL Gildan Activewear Inc. | Sold out | 0.00% | −0.16 |
| KGC Kinross Gold Corp. | Reduce -12.9% | 0.75% | −0.15 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -27.1% | 0.26% | −0.15 |
| PAAS Pan American Silver Corp. | Reduce -22.1% | 0.39% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -22.4% | 0.28% | −0.15 |
| VLTO Veralto Corp. | Reduce -64.2% | 0.06% | −0.15 |
| AMD Advanced Micro Devices | Reduce -17.5% | 0.33% | −0.15 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.15 |
| TEL Te Connectivity PLC | Reduce -86.2% | 0.02% | −0.14 |
| DHI D.R. Horton Inc. | Reduce -96.1% | 0.00% | −0.14 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -24.4% | 0.63% | −0.14 |
| TFII Tfi International Inc. | Reduce -67.2% | 0.06% | −0.13 |
| ADP Automatic Data Processing | Reduce -79.5% | 0.02% | −0.13 |
| STN Stantec Inc. | Reduce -39.6% | 0.12% | −0.13 |
| HBM Hudbay Minerals Inc. | Reduce -21.1% | 0.34% | −0.12 |
| FNV Franco-Nevada Corp. | Reduce -60.5% | 0.09% | −0.12 |
| BA The Boeing Co. | Reduce -11.8% | 0.29% | −0.12 |
| CCJ Cameco Corp. | Reduce -14.6% | 0.92% | −0.11 |
Portfolio Buys Q4 2025 → Q1 2026
| SU Suncor Energy Inc. | Add +48.2% | 2.21% | +1.07 |
| ENB Enbridge Inc. | Add +76.5% | 2.18% | +0.94 |
| MDA Mda Space Ltd. | New | 0.57% | +0.57 |
| CVX Chevron Corp. | Add +2954.2% | 0.53% | +0.51 |
| TRP TC Energy Corp. | Add +35.2% | 1.88% | +0.49 |
| GOOGL Alphabet Inc. Class A | Add +113.4% | 1.02% | +0.43 |
| SNPS Synopsys Inc. | Add +757.3% | 0.40% | +0.34 |
| LLY Eli Lilly & Co. | Add +234.1% | 0.54% | +0.33 |
| NGG National Grid PLC-SP ADR | Add +718.7% | 0.36% | +0.31 |
| CNI Canadian Natl Railway Co. | Add +49.1% | 1.09% | +0.29 |
| CP Canadian Pacific Kansas City | Add +34.5% | 1.28% | +0.27 |
| WFC Wells Fargo & Co. | Add +14929.5% | 0.26% | +0.26 |
| LMT Lockheed Martin Corp. | Add +182.3% | 0.39% | +0.26 |
| AXP American Express Co. | Add +3602.2% | 0.25% | +0.24 |
| BKR Baker Hughes Co. | Add +1253.9% | 0.24% | +0.23 |
| RCI Rogers Communications Inc. Class B | Add +449.0% | 0.28% | +0.22 |
| CVE Cenovus Energy Inc. | Add +23.5% | 0.54% | +0.22 |
| CNQ Canadian Natural Resources | Add +11.6% | 0.75% | +0.22 |
| NOW ServiceNow Inc. | New | 0.21% | +0.21 |
| BTI British American Tob-SP ADR | Add +772.0% | 0.24% | +0.21 |
| COST Costco Wholesale Corp. | Add +84.9% | 0.45% | +0.21 |
| QCOM Qualcomm Inc. | New | 0.21% | +0.21 |
| VRT Vertiv Holdings Co. Class A | Add +3333.6% | 0.20% | +0.19 |
| EFXT Enerflex Ltd. | Add +30.9% | 0.54% | +0.19 |
| GS Goldman Sachs Group Inc. | Add +11786.7% | 0.19% | +0.19 |
| CDE Coeur Mining Inc. | New | 0.19% | +0.19 |
| UNH Unitedhealth Group Inc. | Add +182.5% | 0.37% | +0.19 |
| CI The Cigna Group | New | 0.18% | +0.18 |
| MA Mastercard Inc. Class A | Add +78.7% | 0.66% | +0.18 |
| SLB SLB Ltd. | New | 0.18% | +0.18 |
| PDD PDD Holdings Inc. | Add +369.5% | 0.24% | +0.18 |
| EQNR Equinor ASA-Spon ADR | New | 0.17% | +0.17 |
| CSX CSX Corp. | Add +3255.8% | 0.18% | +0.17 |
| LRCX Lam Research Corp. | Add +34.8% | 0.54% | +0.17 |
| TECK Teck Resources Ltd.-CLS B | Add +440.9% | 0.21% | +0.17 |
| WMB Williams Cos Inc. | Add +512.7% | 0.19% | +0.16 |
| NFLX Netflix Inc. | Add +1897.8% | 0.17% | +0.16 |
| SBUX Starbucks Corp. | Add +200.6% | 0.25% | +0.16 |
| TJX TJX Companies Inc. | Add +1000.9% | 0.18% | +0.16 |
| BTE Baytex Energy Corp. | Add +34.3% | 0.41% | +0.16 |
| IAG Iamgold Corp. | Add +73.6% | 0.37% | +0.16 |
| BMY Bristol-Myers Squibb Co. | New | 0.15% | +0.15 |
| MCD McDonald's Corp. | Add +55.2% | 0.55% | +0.15 |
| CVS CVS Health Corp. | Add +1685.1% | 0.16% | +0.15 |
| RTX RTX Corp. | Add +304.9% | 0.21% | +0.15 |
| BAC Bank of America Corp. | Add +109.0% | 0.37% | +0.14 |
| AAPL Apple Inc. | Add +32.6% | 1.77% | +0.14 |
| CAE Cae Inc. | New | 0.14% | +0.14 |
| AJG Arthur J Gallagher & Co. | Add +349.1% | 0.20% | +0.14 |
| UL Unilever PLC-Sponsored ADR | Add +452.9% | 0.18% | +0.14 |
Notes & Other Activity Q4 2025 → Q1 2026
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | Reduce -11.9% | 533,789 | $48K |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Sold out | 29,052 | $26Kbefore exit |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Sold out | 29,052 | $15Kbefore exit |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Sold out | 29,052 | $12Kbefore exit |
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 | 1,621 | $52.8B | RY, TD, NVDA, ENB, AAPL |
| Q1 2026 | 1,525 | $43.4B | RY, AEM, TD, SU, ENB |
| Q4 2025 | 1,505 | $38.1B | RY, AEM, SHOP, TD, CM |
| Q3 2025 | 1,475 | $31.7B | RY, AEM, SHOP, CM, TD |
| Q2 2025 | 1,486 | $28.4B | RY, AEM, SHOP, TD, CM |
| Q1 2025 | 1,383 | $22.9B | RY, AEM, SHOP, TD, CM |
| Q4 2024 | 1,386 | $22.1B | RY, SHOP, CM, TD, ENB |
| Q3 2024 | 1,400 | $20.6B | RY, CM, TD, ENB, AEM |
| Q2 2024 | 1,345 | $23.8B | RY, MSFT, AAPL, TD, NVDA |
| Q1 2024 | 1,501 | $23.2B | RY, TD, BNS, AAPL, SHOP |