Empire Life Investments Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 29, 2024), Empire Life Investments Inc. reported 96 stock positions worth $1.6 billion. Its top holding was Microsoft (MSFT) at 7.1% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 4.5%) and Amazon.com (AMZN, 3.5%). Compared with Q2 2024, it opened 9 new positions, sold out of 7, added to 20 and reduced 57. The biggest buy was a new position in Vistra (VST) and the biggest sale an exit from Bristol-Myers Squibb (BMY).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001640951
Portfolio Value
$1.6B (Q3 2024)
SEC Filing
0000950123-24-010014 ↗ filed Oct 29, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.6B $1.6B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 96 stocks · $1.6B
MSFT Microsoft Corp. 7.08% 269,681 $116.0M Reduce -0.5%
VOO Vanguard S&P 500 ETF 4.51% 140,149 $74.0M Add +0.8%
AMZN Amazon.com Inc. 3.51% 308,826 $57.5M Add +3.6%
ELV Elevance Health Inc. 3.07% 96,718 $50.3M Reduce -1.2%
V Visa Inc. Class A 3.05% 181,888 $50.0M Reduce -4.3%
NEM Newmont Corp. 2.83% 868,749 $46.4M Reduce -1.3%
PNC PNC Financial Services Group 2.76% 244,695 $45.2M Reduce -16.4%
GOOG Alphabet Inc. Class C 2.74% 268,350 $44.9M Reduce -1.2%
ROST Ross Stores Inc. 2.54% 276,960 $41.7M Reduce -1.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.32% 324,191 $38.1M Reduce -8.7%
MRK Merck & Co. Inc. 2.20% 317,891 $36.1M Reduce -13.3%
NOC Northrop Grumman Corp. 2.18% 67,701 $35.8M Reduce -1.2%
TYL Tyler Technologies Inc. 2.12% 59,690 $34.8M Reduce -0.9%
FISV Fiserv Inc. 2.08% 189,532 $34.0M Reduce -20.1%
JNJ Johnson & Johnson 2.06% 208,878 $33.9M Add +0.2%
MA Mastercard Inc. Class A 2.06% 68,417 $33.8M Reduce -30.8%
EOG EOG Resources Inc. 1.77% 236,457 $29.1M Reduce -7.1%
IEFA iShares Core MSCI Eafe ETF 1.65% 346,618 $27.1M Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.64% 677,007 $26.9M Reduce -10.1%
CVX Chevron Corp. 1.60% 177,990 $26.2M Reduce -1.2%
CMCSA Comcast Corp. Class A 1.56% 613,842 $25.6M Reduce -1.2%
MSI Motorola Solutions Inc. 1.54% 56,354 $25.3M Reduce -1.0%
AAPL Apple Inc. 1.49% 105,173 $24.5M Add +16.3%
VST Vistra Corp. 1.40% 194,266 $23.0M New
ZTS Zoetis Inc. 1.39% 116,852 $22.8M Reduce -1.2%
AME Ametek Inc. 1.39% 132,837 $22.8M Reduce -1.2%
LRCX Lam Research Corp. 1.38% 27,767 $22.7M New
WEC WEC Energy Group Inc. 1.36% 232,734 $22.4M Reduce -1.1%
MO Altria Group Inc. 1.35% 435,279 $22.2M Reduce -23.0%
COST Costco Wholesale Corp. 1.31% 24,308 $21.5M Reduce -1.3%
TDW Tidewater Inc. 1.29% 293,884 $21.1M Add +29.3%
WSC Willscot Holdings Corp. 1.26% 547,751 $20.6M Add +50.8%
STZ Constellation Brands Inc. Class A 1.21% 77,154 $19.9M Add +32.9%
FIS Fidelity National Info Serv 1.21% 236,677 $19.8M Reduce -1.2%
T AT&T Inc. 1.20% 897,569 $19.7M Reduce -1.3%
PEP Pepsico Inc. 1.13% 108,566 $18.5M Reduce -22.0%
CME Cme Group Inc. 1.08% 80,066 $17.7M Reduce -1.3%
DHR Danaher Corp. 1.06% 62,789 $17.5M Reduce -1.2%
AEE Ameren Corporation 1.04% 194,489 $17.0M Reduce -45.7%
EXAS Exact Sciences Corp. 1.03% 248,698 $16.9M Reduce -0.9%
URTH iShares MSCI World ETF 1.02% 106,700 $16.7M Reduce -12.5%
ROP Roper Technologies Inc. 0.97% 28,465 $15.8M Reduce -1.1%
RRX Regal Rexnord Corp. 0.96% 94,485 $15.7M Reduce -1.1%
VZ Verizon Communications Inc. 0.91% 331,284 $14.9M Reduce -1.3%
AZO AutoZone Inc. 0.89% 4,608 $14.5M Add +36.1%
BTU Peabody Energy Corp. 0.88% 546,253 $14.5M Reduce -19.1%
QQQM Invesco Nasdaq 100 ETF 0.87% 70,700 $14.2M Add +0.1%
VNT Vontier Corp. 0.84% 410,429 $13.8M Reduce -1.0%
TXN Texas Instruments Inc. 0.82% 64,964 $13.4M Reduce -47.6%
BSY Bentley Systems Inc. Class B 0.78% 252,065 $12.8M Reduce -1.0%
MU Micron Technology Inc. 0.70% 111,049 $11.5M New
GNTX Gentex Corp. 0.68% 378,102 $11.2M Reduce -1.1%
CTAS Cintas Corp. 0.68% 54,081 $11.1M Reduce -1.7%
PM Philip Morris International 0.63% 84,634 $10.3M Reduce -29.8%
VLO Valero Energy Corp. 0.62% 75,597 $10.2M Reduce -1.3%
PGR Progressive Corp. 0.54% 34,589 $8.8M Reduce -12.9%
UNH Unitedhealth Group Inc. 0.52% 14,525 $8.5M Reduce -1.7%
MDB Mongodb Inc. 0.43% 26,258 $7.1M Reduce -1.0%
SITE Siteone Landscape Supply Inc. 0.41% 44,562 $6.7M Reduce -0.9%
ADP Automatic Data Processing 0.39% 23,205 $6.4M Reduce -12.9%
PVAL Putnam Focused LRG Cap Value 0.39% 169,700 $6.4M New
QUAL iShares MSCI USA Quality Fac 0.38% 34,847 $6.2M Reduce -8.7%
HUBS HubSpot Inc. 0.38% 11,600 $6.2M Add +95.4%
DXCM Dexcom Inc. 0.34% 83,726 $5.6M New
MSCI MSCI Inc. 0.31% 8,746 $5.1M Reduce -1.1%
REGN Regeneron Pharmaceuticals 0.31% 4,785 $5.0M New
LEGN Legend Biotech Corp.-ADR 0.29% 98,688 $4.8M Add +75.2%
QCOM Qualcomm Inc. 0.28% 27,387 $4.7M New
EVI Evi Industries Inc. 0.27% 233,028 $4.5M Reduce -1.1%
TDVG T Rowe Price Dividend Growth 0.26% 103,348 $4.2M Add +34.1%
EFG iShares MSCI Eafe Growth ETF 0.24% 36,236 $3.9M Reduce -9.5%
ARCT Arcturus Therapeutics Holdin 0.21% 150,692 $3.5M New
VONG Vanguard Russell 1000 Growth 0.21% 34,875 $3.4M Reduce -0.6%
USMV iShares MSCI USA Min Vol Fac 0.20% 35,123 $3.2M Reduce -20.1%
VLTO Veralto Corp. 0.19% 28,422 $3.2M Reduce -1.2%
SPYG SS SPDR P S&P 500 Growth ETF 0.16% 30,888 $2.6M Add +11.6%
MORN Morningstar Inc. 0.13% 6,750 $2.2M No change
ICE Intercontinental Exchange Inc. 0.13% 12,797 $2.1M No change
FFLG Fidelity Fndmntl L/C GRW ETF 0.12% 82,000 $2.0M Add +13.6%
MTUM iShares MSCI USA Momentum Fa 0.12% 9,400 $1.9M Add +4.4%
RJF Raymond James Financial Inc. 0.11% 15,027 $1.8M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.11% 10,391 $1.8M No change
IWY iShares Russell Top 200 Grow 0.11% 8,000 $1.8M Add +33.3%
ANSS Ansys Inc. 0.10% 5,081 $1.6M No change
BURL Burlington Stores Inc. 0.10% 6,061 $1.6M No change
CDW CDW Corp. 0.09% 6,535 $1.5M No change
CUBE Cubesmart 0.09% 26,819 $1.4M No change
TCHP T Rowe Price Blue Chip Growt 0.07% 29,720 $1.2M Add +12.9%
CHD Church & Dwight Co. Inc. 0.07% 10,598 $1.1M No change
VONV Vanguard Russell 1000 Value 0.06% 12,091 $1.0M Reduce -56.3%
IMTM iShares MSCI Intl Momentum F 0.05% 21,800 $880K Add +395.4%
CHRD Chord Energy Corp. 0.04% 5,108 $665K Reduce -50.9%
VIGI Vanguard Int Div App Indx FD 0.04% 6,700 $591K New
FFOG Franklin Focused Dynamic Gro 0.02% 10,400 $388K Add +126.1%
VT Vanguard Tot World STK ETF 0.02% 2,167 $259K Add +459.9%
IEV iShares Europe ETF 0.01% 2,919 $170K No change

Portfolio Sells Q2 2024 → Q3 2024
BMY Bristol-Myers Squibb Co. Sold out 0.00% −1.28
LRCX Lam Research Corp. Sold out 0.00% −0.97
TXN Texas Instruments Inc. Reduce -47.6% 0.82% −0.70
MA Mastercard Inc. Class A Reduce -30.8% 2.06% −0.69
MRK Merck & Co. Inc. Reduce -13.3% 2.20% −0.66
AEE Ameren Corporation Reduce -45.7% 1.04% −0.57
MSFT Microsoft Corp. Reduce -0.5% 7.08% −0.56
GOOG Alphabet Inc. Class C Reduce -1.2% 2.74% −0.41
PEP Pepsico Inc. Reduce -22.0% 1.13% −0.32
ELV Elevance Health Inc. Reduce -1.2% 3.07% −0.28
MO Altria Group Inc. Reduce -23.0% 1.35% −0.27
BAC Bank of America Corp. Reduce -10.1% 1.64% −0.25
EOG EOG Resources Inc. Reduce -7.1% 1.77% −0.25
HBAN Huntington Bancshares Inc. Sold out 0.00% −0.21
CVX Chevron Corp. Reduce -1.2% 1.60% −0.18
ACAD Acadia Pharmaceuticals Inc. Sold out 0.00% −0.16
FISV Fiserv Inc. Reduce -20.1% 2.08% −0.15
VNT Vontier Corp. Reduce -1.0% 0.84% −0.15
PM Philip Morris International Reduce -29.8% 0.63% −0.14
TJX TJX Companies Inc. Reduce -8.7% 2.32% −0.14
VLO Valero Energy Corp. Reduce -1.3% 0.62% −0.13
GNTX Gentex Corp. Reduce -1.1% 0.68% −0.13
URTH iShares MSCI World ETF Reduce -12.5% 1.02% −0.11
PNC PNC Financial Services Group Reduce -16.4% 2.76% −0.11
V Visa Inc. Class A Reduce -4.3% 3.05% −0.10
VONV Vanguard Russell 1000 Value Reduce -56.3% 0.06% −0.07
CHRD Chord Energy Corp. Reduce -50.9% 0.04% −0.07
TWLO Twilio Inc. Class A Sold out 0.00% −0.07
CROX Crocs Inc. Sold out 0.00% −0.07
BTU Peabody Energy Corp. Reduce -19.1% 0.88% −0.06
ROP Roper Technologies Inc. Reduce -1.1% 0.97% −0.06
USMV iShares MSCI USA Min Vol Fac Reduce -20.1% 0.20% −0.04
QUAL iShares MSCI USA Quality Fac Reduce -8.7% 0.38% −0.03
ROST Ross Stores Inc. Reduce -1.2% 2.54% −0.03
AME Ametek Inc. Reduce -1.2% 1.39% −0.02
EFG iShares MSCI Eafe Growth ETF Reduce -9.5% 0.24% −0.02
BSY Bentley Systems Inc. Class B Reduce -1.0% 0.78% −0.01
ADP Automatic Data Processing Reduce -12.9% 0.39% −0.01
EVI Evi Industries Inc. Reduce -1.1% 0.27% −0.01
COST Costco Wholesale Corp. Reduce -1.3% 1.31% −0.01
OMER Omeros Corp. Sold out 0.00% −0.00
VONG Vanguard Russell 1000 Growth Reduce -0.6% 0.21% −0.00
MDB Mongodb Inc. Reduce -1.0% 0.43% +0.01
PGR Progressive Corp. Reduce -12.9% 0.54% +0.01
VLTO Veralto Corp. Reduce -1.2% 0.19% +0.02
CMCSA Comcast Corp. Class A Reduce -1.2% 1.56% +0.03
VZ Verizon Communications Inc. Reduce -1.3% 0.91% +0.03
MSCI MSCI Inc. Reduce -1.1% 0.31% +0.04
UNH Unitedhealth Group Inc. Reduce -1.7% 0.52% +0.04
IEFA iShares Core MSCI Eafe ETF Reduce -0.6% 1.65% +0.05

Portfolio Buys Q2 2024 → Q3 2024
VST Vistra Corp. New 1.40% +1.40
LRCX Lam Research Corp. New 1.38% +1.38
MU Micron Technology Inc. New 0.70% +0.70
WSC Willscot Holdings Corp. Add +50.8% 1.26% +0.39
PVAL Putnam Focused LRG Cap Value New 0.39% +0.39
DXCM Dexcom Inc. New 0.34% +0.34
REGN Regeneron Pharmaceuticals New 0.31% +0.31
AAPL Apple Inc. Add +16.3% 1.49% +0.29
QCOM Qualcomm Inc. New 0.28% +0.28
STZ Constellation Brands Inc. Class A Add +32.9% 1.21% +0.27
AZO AutoZone Inc. Add +36.1% 0.89% +0.25
ARCT Arcturus Therapeutics Holdin New 0.21% +0.21
HUBS HubSpot Inc. Add +95.4% 0.38% +0.16
JNJ Johnson & Johnson Add +0.2% 2.06% +0.14
LEGN Legend Biotech Corp.-ADR Add +75.2% 0.29% +0.14
VOO Vanguard S&P 500 ETF Add +0.8% 4.51% +0.12
TDVG T Rowe Price Dividend Growth Add +34.1% 0.26% +0.07
IMTM iShares MSCI Intl Momentum F Add +395.4% 0.05% +0.04
VIGI Vanguard Int Div App Indx FD New 0.04% +0.04
IWY iShares Russell Top 200 Grow Add +33.3% 0.11% +0.03
SPYG SS SPDR P S&P 500 Growth ETF Add +11.6% 0.16% +0.02
VT Vanguard Tot World STK ETF Add +459.9% 0.02% +0.01
FFOG Franklin Focused Dynamic Gro Add +126.1% 0.02% +0.01
FFLG Fidelity Fndmntl L/C GRW ETF Add +13.6% 0.12% +0.01
TCHP T Rowe Price Blue Chip Growt Add +12.9% 0.07% +0.01
MTUM iShares MSCI USA Momentum Fa Add +4.4% 0.12% +0.01
QQQM Invesco Nasdaq 100 ETF Add +0.1% 0.87% −0.01
TDW Tidewater Inc. Add +29.3% 1.29% −0.08
AMZN Amazon.com Inc. Add +3.6% 3.51% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 113$1.8BVOO, GOOG, LRCX, AMZN, MSFT
Q1 2026 110$1.6BVOO, GOOG, AMZN, MSFT, AAPL
Q4 2025 110$1.8BMSFT, VOO, GOOG, AMZN, AAPL
Q3 2025 107$1.7BMSFT, VOO, AMZN, GOOG, AAPL
Q2 2025 111$1.6BMSFT, VOO, AMZN, VST, GOOG
Q1 2025 110$1.5BMSFT, AMZN, VOO, GOOG, ELV
Q4 2024 103$1.6BMSFT, VOO, AMZN, GOOG, V
Q3 2024 96$1.6BMSFT, VOO, AMZN, ELV, V
Q2 2024 94$1.6BMSFT, VOO, AMZN, ELV, V
Q1 2024 94$1.6BMSFT, MRK, V, VOO, ELV