Empire Life Investments Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Empire Life Investments Inc. reported 103 stock positions worth $1.6 billion. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 4.9%) and Amazon.com (AMZN, 4.8%). Compared with Q3 2024, it opened 18 new positions, sold out of 11, added to 42 and reduced 42. The biggest buy was Amazon.com (AMZN, shares +12%) and the biggest sale Newmont (NEM, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001640951
- Portfolio Value
- $1.6B (Q4 2024)
- SEC Filing
- 0000950123-25-000732 ↗ filed Jan 30, 2025
Holdings Value
Holdings 103 stocks · $1.6B
| MSFT Microsoft Corp. | 6.87% | 259,497 | $109.4M | Reduce -3.8% |
| VOO Vanguard S&P 500 ETF | 4.87% | 143,918 | $77.5M | Add +2.7% |
| AMZN Amazon.com Inc. | 4.78% | 346,924 | $76.1M | Add +12.3% |
| GOOG Alphabet Inc. Class C | 3.47% | 290,224 | $55.3M | Add +8.2% |
| V Visa Inc. Class A | 3.17% | 159,623 | $50.4M | Reduce -12.2% |
| PNC PNC Financial Services Group | 2.80% | 231,205 | $44.6M | Reduce -5.5% |
| AAPL Apple Inc. | 2.19% | 139,442 | $34.9M | Add +32.6% |
| ELV Elevance Health Inc. | 2.19% | 94,545 | $34.9M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 2.15% | 65,023 | $34.2M | Reduce -5.0% |
| FISV Fiserv Inc. | 2.11% | 163,517 | $33.6M | Reduce -13.7% |
| MRK Merck & Co. Inc. | 2.08% | 332,830 | $33.1M | Add +4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.03% | 267,516 | $32.3M | Reduce -17.5% |
| TYL Tyler Technologies Inc. | 1.98% | 54,751 | $31.6M | Reduce -8.3% |
| ROST Ross Stores Inc. | 1.93% | 203,233 | $30.7M | Reduce -26.6% |
| NEM Newmont Corp. | 1.92% | 822,358 | $30.6M | Reduce -5.3% |
| NOC Northrop Grumman Corp. | 1.87% | 63,346 | $29.7M | Reduce -6.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.76% | 637,746 | $28.0M | Reduce -5.8% |
| JNJ Johnson & Johnson | 1.75% | 192,922 | $27.9M | Reduce -7.6% |
| AME Ametek Inc. | 1.75% | 154,533 | $27.9M | Add +16.3% |
| EOG EOG Resources Inc. | 1.71% | 221,572 | $27.2M | Reduce -6.3% |
| MSI Motorola Solutions Inc. | 1.70% | 58,458 | $27.0M | Add +3.7% |
| VST Vistra Corp. | 1.70% | 195,947 | $27.0M | Add +0.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.61% | 364,126 | $25.6M | Add +5.0% |
| CVX Chevron Corp. | 1.53% | 167,696 | $24.3M | Reduce -5.8% |
| URTH iShares MSCI World ETF | 1.45% | 148,300 | $23.1M | Add +39.0% |
| TDW Tidewater Inc. | 1.31% | 380,890 | $20.8M | Add +29.6% |
| WEC WEC Energy Group Inc. | 1.30% | 219,790 | $20.7M | Reduce -5.6% |
| LRCX Lam Research Corp. | 1.28% | 282,544 | $20.4M | Add +1.8% |
| ZTS Zoetis Inc. | 1.23% | 120,642 | $19.7M | Add +3.2% |
| CME Cme Group Inc. | 1.23% | 84,337 | $19.6M | Add +5.3% |
| COST Costco Wholesale Corp. | 1.22% | 21,242 | $19.5M | Reduce -12.6% |
| AZO AutoZone Inc. | 1.22% | 6,076 | $19.5M | Add +31.9% |
| MO Altria Group Inc. | 1.21% | 369,720 | $19.3M | Reduce -15.1% |
| WSC Willscot Holdings Corp. | 1.19% | 567,104 | $19.0M | Add +3.5% |
| FIS Fidelity National Info Serv | 1.13% | 222,575 | $18.0M | Reduce -6.0% |
| CMCSA Comcast Corp. Class A | 1.13% | 478,635 | $18.0M | Reduce -22.0% |
| DHR Danaher Corp. | 1.12% | 77,686 | $17.8M | Add +23.7% |
| PEP Pepsico Inc. | 1.07% | 112,427 | $17.1M | Add +3.6% |
| AEE Ameren Corporation | 1.03% | 183,638 | $16.4M | Reduce -5.6% |
| STZ Constellation Brands Inc. Class A | 1.01% | 73,040 | $16.1M | Reduce -5.3% |
| QQQM Invesco Nasdaq 100 ETF | 0.89% | 67,000 | $14.1M | Reduce -5.2% |
| VNT Vontier Corp. | 0.88% | 384,389 | $14.0M | Reduce -6.3% |
| ROP Roper Technologies Inc. | 0.87% | 26,501 | $13.8M | Reduce -6.9% |
| EXAS Exact Sciences Corp. | 0.86% | 242,765 | $13.6M | Reduce -2.4% |
| BTU Peabody Energy Corp. | 0.76% | 581,635 | $12.2M | Add +6.5% |
| T AT&T Inc. | 0.76% | 533,867 | $12.2M | Reduce -40.5% |
| TXN Texas Instruments Inc. | 0.72% | 61,363 | $11.5M | Reduce -5.5% |
| PM Philip Morris International | 0.71% | 94,423 | $11.4M | Add +11.6% |
| BSY Bentley Systems Inc. Class B | 0.69% | 235,397 | $11.0M | Reduce -6.6% |
| KEX Kirby Corp. | 0.66% | 98,697 | $10.4M | New |
| HUBS HubSpot Inc. | 0.62% | 14,196 | $9.9M | Add +22.4% |
| CTAS Cintas Corp. | 0.61% | 53,218 | $9.7M | Reduce -1.6% |
| RRX Regal Rexnord Corp. | 0.61% | 62,618 | $9.7M | Reduce -33.7% |
| MU Micron Technology Inc. | 0.60% | 113,294 | $9.5M | Add +2.0% |
| VZ Verizon Communications Inc. | 0.56% | 221,013 | $8.8M | Reduce -33.3% |
| NVDA Nvidia Corp. | 0.52% | 61,325 | $8.2M | New |
| JPEF JPMorgan Equity Focus ETF | 0.52% | 122,400 | $8.2M | New |
| PGR Progressive Corp. | 0.47% | 31,179 | $7.5M | Reduce -9.9% |
| PVAL Putnam Focused LRG Cap Value | 0.46% | 198,505 | $7.4M | Add +17.0% |
| VLO Valero Energy Corp. | 0.44% | 56,739 | $7.0M | Reduce -24.9% |
| DXCM Dexcom Inc. | 0.44% | 89,263 | $6.9M | Add +6.6% |
| MDB Mongodb Inc. | 0.43% | 29,535 | $6.9M | Add +12.5% |
| SITE Siteone Landscape Supply Inc. | 0.41% | 49,749 | $6.6M | Add +11.6% |
| VONG Vanguard Russell 1000 Growth | 0.39% | 60,829 | $6.3M | Add +74.4% |
| UNH Unitedhealth Group Inc. | 0.38% | 12,095 | $6.1M | Reduce -16.7% |
| MSCI MSCI Inc. | 0.33% | 8,676 | $5.2M | Reduce -0.8% |
| ARCT Arcturus Therapeutics Holdin | 0.30% | 279,463 | $4.7M | Add +85.5% |
| IWY iShares Russell Top 200 Grow | 0.29% | 19,600 | $4.6M | Add +145.0% |
| LEGN Legend Biotech Corp.-ADR | 0.28% | 136,731 | $4.4M | Add +38.5% |
| QUAL iShares MSCI USA Quality Fac | 0.27% | 24,247 | $4.3M | Reduce -30.4% |
| JGRO JPMorgan Active Growth ETF | 0.25% | 48,300 | $3.9M | New |
| NOW ServiceNow Inc. | 0.24% | 3,607 | $3.8M | New |
| EVI Evi Industries Inc. | 0.23% | 221,766 | $3.7M | Reduce -4.8% |
| EFG iShares MSCI Eafe Growth ETF | 0.23% | 37,236 | $3.6M | Add +2.8% |
| META Meta Platforms Inc. Class A | 0.22% | 5,913 | $3.5M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.19% | 106,082 | $3.1M | New |
| REGN Regeneron Pharmaceuticals | 0.18% | 4,080 | $2.9M | Reduce -14.7% |
| QCOM Qualcomm Inc. | 0.18% | 18,427 | $2.8M | Reduce -32.7% |
| LIN Linde PLC | 0.17% | 6,501 | $2.7M | New |
| KO The Coca-Cola Co. | 0.17% | 43,459 | $2.7M | New |
| ISRG Intuitive Surgical Inc. | 0.16% | 4,846 | $2.5M | New |
| HBAN Huntington Bancshares Inc. | 0.15% | 145,887 | $2.4M | New |
| RJF Raymond James Financial Inc. | 0.15% | 15,152 | $2.4M | Add +0.8% |
| MORN Morningstar Inc. | 0.14% | 6,806 | $2.3M | Add +0.8% |
| TSLA Tesla Inc. | 0.14% | 5,646 | $2.3M | New |
| BURL Burlington Stores Inc. | 0.14% | 7,983 | $2.3M | Add +31.7% |
| MTUM iShares MSCI USA Momentum Fa | 0.13% | 10,200 | $2.1M | Add +8.5% |
| ADBE Adobe Inc. | 0.12% | 4,297 | $1.9M | New |
| NFLX Netflix Inc. | 0.12% | 2,131 | $1.9M | New |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.12% | 10,477 | $1.8M | Add +0.8% |
| ANSS Ansys Inc. | 0.11% | 5,123 | $1.7M | Add +0.8% |
| SKX Skechers USA Inc. Class A | 0.11% | 24,966 | $1.7M | New |
| AVGO Broadcom Inc. | 0.10% | 6,866 | $1.6M | New |
| CUBE Cubesmart | 0.07% | 27,040 | $1.2M | Add +0.8% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 0.07% | 45,800 | $1.1M | Reduce -44.1% |
| FFOG Franklin Focused Dynamic Gro | 0.07% | 28,700 | $1.1M | Add +176.0% |
| CHD Church & Dwight Co. Inc. | 0.07% | 10,686 | $1.1M | Add +0.8% |
| IMTM iShares MSCI Intl Momentum F | 0.07% | 27,900 | $1.0M | Add +28.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.06% | 2,676 | $916K | New |
| AMD Advanced Micro Devices | 0.05% | 5,940 | $717K | New |
Portfolio Sells Q3 2024 → Q4 2024
| NEM Newmont Corp. | Reduce -5.3% | 1.92% | −0.91 |
| ELV Elevance Health Inc. | Reduce -2.3% | 2.19% | −0.88 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.68 |
| ROST Ross Stores Inc. | Reduce -26.6% | 1.93% | −0.61 |
| T AT&T Inc. | Reduce -40.5% | 0.76% | −0.44 |
| CMCSA Comcast Corp. Class A | Reduce -22.0% | 1.13% | −0.44 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.39 |
| VZ Verizon Communications Inc. | Reduce -33.3% | 0.56% | −0.35 |
| RRX Regal Rexnord Corp. | Reduce -33.7% | 0.61% | −0.35 |
| NOC Northrop Grumman Corp. | Reduce -6.4% | 1.87% | −0.31 |
| JNJ Johnson & Johnson | Reduce -7.6% | 1.75% | −0.31 |
| TJX TJX Companies Inc. | Reduce -17.5% | 2.03% | −0.29 |
| TDVG T Rowe Price Dividend Growth | Sold out | 0.00% | −0.26 |
| MSFT Microsoft Corp. | Reduce -3.8% | 6.87% | −0.21 |
| STZ Constellation Brands Inc. Class A | Reduce -5.3% | 1.01% | −0.20 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.20 |
| VLTO Veralto Corp. | Reduce -97.8% | 0.00% | −0.19 |
| VLO Valero Energy Corp. | Reduce -24.9% | 0.44% | −0.19 |
| EXAS Exact Sciences Corp. | Reduce -2.4% | 0.86% | −0.18 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.16 |
| TYL Tyler Technologies Inc. | Reduce -8.3% | 1.98% | −0.14 |
| MO Altria Group Inc. | Reduce -15.1% | 1.21% | −0.14 |
| UNH Unitedhealth Group Inc. | Reduce -16.7% | 0.38% | −0.13 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.13 |
| REGN Regeneron Pharmaceuticals | Reduce -14.7% | 0.18% | −0.12 |
| QUAL iShares MSCI USA Quality Fac | Reduce -30.4% | 0.27% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -32.7% | 0.18% | −0.11 |
| ROP Roper Technologies Inc. | Reduce -6.9% | 0.87% | −0.10 |
| TXN Texas Instruments Inc. | Reduce -5.5% | 0.72% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -12.6% | 1.22% | −0.09 |
| BSY Bentley Systems Inc. Class B | Reduce -6.6% | 0.69% | −0.09 |
| CDW CDW Corp. | Sold out | 0.00% | −0.09 |
| FIS Fidelity National Info Serv | Reduce -6.0% | 1.13% | −0.08 |
| CVX Chevron Corp. | Reduce -5.8% | 1.53% | −0.07 |
| TCHP T Rowe Price Blue Chip Growt | Sold out | 0.00% | −0.07 |
| CTAS Cintas Corp. | Reduce -1.6% | 0.61% | −0.07 |
| WEC WEC Energy Group Inc. | Reduce -5.6% | 1.30% | −0.07 |
| EOG EOG Resources Inc. | Reduce -6.3% | 1.71% | −0.07 |
| PGR Progressive Corp. | Reduce -9.9% | 0.47% | −0.07 |
| VONV Vanguard Russell 1000 Value | Sold out | 0.00% | −0.06 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Reduce -44.1% | 0.07% | −0.05 |
| EVI Evi Industries Inc. | Reduce -4.8% | 0.23% | −0.05 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.04 |
| VIGI Vanguard Int Div App Indx FD | Sold out | 0.00% | −0.04 |
| AEE Ameren Corporation | Reduce -5.6% | 1.03% | −0.01 |
| MSCI MSCI Inc. | Reduce -0.8% | 0.33% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -5.2% | 0.89% | +0.02 |
| FISV Fiserv Inc. | Reduce -13.7% | 2.11% | +0.03 |
| VNT Vontier Corp. | Reduce -6.3% | 0.88% | +0.04 |
| PNC PNC Financial Services Group | Reduce -5.5% | 2.80% | +0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +12.3% | 4.78% | +1.27 |
| GOOG Alphabet Inc. Class C | Add +8.2% | 3.47% | +0.74 |
| AAPL Apple Inc. | Add +32.6% | 2.19% | +0.70 |
| KEX Kirby Corp. | New | 0.66% | +0.66 |
| NVDA Nvidia Corp. | New | 0.52% | +0.52 |
| JPEF JPMorgan Equity Focus ETF | New | 0.52% | +0.52 |
| URTH iShares MSCI World ETF | Add +39.0% | 1.45% | +0.43 |
| VOO Vanguard S&P 500 ETF | Add +2.7% | 4.87% | +0.36 |
| AME Ametek Inc. | Add +16.3% | 1.75% | +0.36 |
| AZO AutoZone Inc. | Add +31.9% | 1.22% | +0.34 |
| VST Vistra Corp. | Add +0.9% | 1.70% | +0.29 |
| JGRO JPMorgan Active Growth ETF | New | 0.25% | +0.25 |
| HUBS HubSpot Inc. | Add +22.4% | 0.62% | +0.25 |
| NOW ServiceNow Inc. | New | 0.24% | +0.24 |
| META Meta Platforms Inc. Class A | New | 0.22% | +0.22 |
| VICI Vici Properties Inc. | New | 0.19% | +0.19 |
| VONG Vanguard Russell 1000 Growth | Add +74.4% | 0.39% | +0.19 |
| IWY iShares Russell Top 200 Grow | Add +145.0% | 0.29% | +0.18 |
| LIN Linde PLC | New | 0.17% | +0.17 |
| KO The Coca-Cola Co. | New | 0.17% | +0.17 |
| ISRG Intuitive Surgical Inc. | New | 0.16% | +0.16 |
| CME Cme Group Inc. | Add +5.3% | 1.23% | +0.15 |
| MSI Motorola Solutions Inc. | Add +3.7% | 1.70% | +0.15 |
| HBAN Huntington Bancshares Inc. | New | 0.15% | +0.15 |
| TSLA Tesla Inc. | New | 0.14% | +0.14 |
| ADBE Adobe Inc. | New | 0.12% | +0.12 |
| NFLX Netflix Inc. | New | 0.12% | +0.12 |
| SKX Skechers USA Inc. Class A | New | 0.11% | +0.11 |
| AVGO Broadcom Inc. | New | 0.10% | +0.10 |
| DXCM Dexcom Inc. | Add +6.6% | 0.44% | +0.09 |
| PM Philip Morris International | Add +11.6% | 0.71% | +0.09 |
| ARCT Arcturus Therapeutics Holdin | Add +85.5% | 0.30% | +0.08 |
| PVAL Putnam Focused LRG Cap Value | Add +17.0% | 0.46% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.06% | +0.06 |
| DHR Danaher Corp. | Add +23.7% | 1.12% | +0.06 |
| FFOG Franklin Focused Dynamic Gro | Add +176.0% | 0.07% | +0.05 |
| BURL Burlington Stores Inc. | Add +31.7% | 0.14% | +0.05 |
| AMD Advanced Micro Devices | New | 0.05% | +0.05 |
| RJF Raymond James Financial Inc. | Add +0.8% | 0.15% | +0.04 |
| TDW Tidewater Inc. | Add +29.6% | 1.31% | +0.02 |
| MTUM iShares MSCI USA Momentum Fa | Add +8.5% | 0.13% | +0.02 |
| VT Vanguard Tot World STK ETF | Add +99.2% | 0.03% | +0.02 |
| MORN Morningstar Inc. | Add +0.8% | 0.14% | +0.01 |
| IMTM iShares MSCI Intl Momentum F | Add +28.0% | 0.07% | +0.01 |
| ANSS Ansys Inc. | Add +0.8% | 0.11% | +0.01 |
| JKHY Jack Henry & Associates Inc. | Add +0.8% | 0.12% | +0.00 |
| CHD Church & Dwight Co. Inc. | Add +0.8% | 0.07% | +0.00 |
| SITE Siteone Landscape Supply Inc. | Add +11.6% | 0.41% | +0.00 |
| MDB Mongodb Inc. | Add +12.5% | 0.43% | −0.00 |
| EFG iShares MSCI Eafe Growth ETF | Add +2.8% | 0.23% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 113 | $1.8B | VOO, GOOG, LRCX, AMZN, MSFT |
| Q1 2026 | 110 | $1.6B | VOO, GOOG, AMZN, MSFT, AAPL |
| Q4 2025 | 110 | $1.8B | MSFT, VOO, GOOG, AMZN, AAPL |
| Q3 2025 | 107 | $1.7B | MSFT, VOO, AMZN, GOOG, AAPL |
| Q2 2025 | 111 | $1.6B | MSFT, VOO, AMZN, VST, GOOG |
| Q1 2025 | 110 | $1.5B | MSFT, AMZN, VOO, GOOG, ELV |
| Q4 2024 | 103 | $1.6B | MSFT, VOO, AMZN, GOOG, V |
| Q3 2024 | 96 | $1.6B | MSFT, VOO, AMZN, ELV, V |
| Q2 2024 | 94 | $1.6B | MSFT, VOO, AMZN, ELV, V |
| Q1 2024 | 94 | $1.6B | MSFT, MRK, V, VOO, ELV |