Empire Life Investments Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Empire Life Investments Inc. reported 110 stock positions worth $1.5 billion. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Amazon.com (AMZN, 4.5%) and Vanguard S&P 500 ETF (VOO, 4.4%). Compared with Q4 2024, it opened 13 new positions, sold out of 6, added to 35 and reduced 60. The biggest buy was a new position in Evercore Class A (EVR) and the biggest sale an exit from Danaher (DHR).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001640951
- Portfolio Value
- $1.5B (Q1 2025)
- SEC Filing
- 0001213900-25-041275 ↗ filed May 9, 2025
Holdings Value
Holdings 110 stocks · $1.5B
| MSFT Microsoft Corp. | 6.25% | 255,762 | $96.0M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 4.54% | 367,013 | $69.8M | Add +5.8% |
| VOO Vanguard S&P 500 ETF | 4.35% | 130,084 | $66.9M | Reduce -9.6% |
| GOOG Alphabet Inc. Class C | 3.02% | 296,572 | $46.3M | Add +2.2% |
| ELV Elevance Health Inc. | 2.69% | 95,002 | $41.3M | Add +0.5% |
| V Visa Inc. Class A | 2.66% | 116,533 | $40.8M | Reduce -27.0% |
| NEM Newmont Corp. | 2.58% | 819,897 | $39.6M | Reduce -0.3% |
| PNC PNC Financial Services Group | 2.49% | 217,875 | $38.3M | Reduce -5.8% |
| AAPL Apple Inc. | 2.21% | 153,046 | $34.0M | Add +9.8% |
| NOC Northrop Grumman Corp. | 2.12% | 63,642 | $32.6M | Add +0.5% |
| VST Vistra Corp. | 2.01% | 262,710 | $30.9M | Add +34.1% |
| JNJ Johnson & Johnson | 1.98% | 183,275 | $30.4M | Reduce -5.0% |
| IEFA iShares Core MSCI Eafe ETF | 1.90% | 385,469 | $29.2M | Add +5.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.87% | 236,339 | $28.8M | Reduce -11.7% |
| MA Mastercard Inc. Class A | 1.86% | 52,097 | $28.6M | Reduce -19.9% |
| CVX Chevron Corp. | 1.84% | 169,199 | $28.3M | Add +0.9% |
| EOG EOG Resources Inc. | 1.84% | 220,360 | $28.3M | Reduce -0.6% |
| AME Ametek Inc. | 1.74% | 154,944 | $26.7M | Add +0.3% |
| TYL Tyler Technologies Inc. | 1.70% | 44,886 | $26.1M | Reduce -18.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.62% | 596,738 | $24.9M | Reduce -6.4% |
| MSI Motorola Solutions Inc. | 1.58% | 55,518 | $24.3M | Reduce -5.0% |
| ROST Ross Stores Inc. | 1.55% | 185,791 | $23.7M | Reduce -8.6% |
| FISV Fiserv Inc. | 1.53% | 106,249 | $23.5M | Reduce -35.0% |
| AZO AutoZone Inc. | 1.47% | 5,940 | $22.6M | Reduce -2.2% |
| CME Cme Group Inc. | 1.42% | 82,399 | $21.9M | Reduce -2.3% |
| WEC WEC Energy Group Inc. | 1.41% | 198,772 | $21.7M | Reduce -9.6% |
| LRCX Lam Research Corp. | 1.34% | 282,241 | $20.5M | Reduce -0.1% |
| MO Altria Group Inc. | 1.31% | 336,145 | $20.2M | Reduce -9.1% |
| ZTS Zoetis Inc. | 1.24% | 115,475 | $19.0M | Reduce -4.3% |
| NVDA Nvidia Corp. | 1.20% | 170,763 | $18.5M | Add +178.5% |
| COST Costco Wholesale Corp. | 1.13% | 18,359 | $17.4M | Reduce -13.6% |
| PEP Pepsico Inc. | 1.09% | 111,814 | $16.8M | Reduce -0.6% |
| MRK Merck & Co. Inc. | 1.06% | 181,452 | $16.3M | Reduce -45.5% |
| CMCSA Comcast Corp. Class A | 1.05% | 437,819 | $16.2M | Reduce -8.5% |
| TDW Tidewater Inc. | 1.04% | 379,797 | $16.1M | Reduce -0.3% |
| FIS Fidelity National Info Serv | 1.03% | 211,873 | $15.8M | Reduce -4.8% |
| WSC Willscot Holdings Corp. | 1.02% | 561,725 | $15.6M | Reduce -0.9% |
| AEE Ameren Corporation | 1.01% | 154,678 | $15.5M | Reduce -15.8% |
| ROP Roper Technologies Inc. | 1.01% | 26,327 | $15.5M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 1.00% | 26,654 | $15.4M | Add +350.8% |
| EVR Evercore Inc. Class A | 0.97% | 74,851 | $14.9M | New |
| T AT&T Inc. | 0.91% | 494,090 | $14.0M | Reduce -7.5% |
| STZ Constellation Brands Inc. Class A | 0.89% | 74,476 | $13.7M | Add +2.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.84% | 67,000 | $12.9M | No change |
| HUBS HubSpot Inc. | 0.84% | 22,519 | $12.9M | Add +58.6% |
| EXAS Exact Sciences Corp. | 0.83% | 293,878 | $12.7M | Add +21.1% |
| PM Philip Morris International | 0.79% | 76,564 | $12.2M | Reduce -18.9% |
| BKNG Booking Holdings Inc. | 0.78% | 2,596 | $12.0M | New |
| VLO Valero Energy Corp. | 0.71% | 83,157 | $11.0M | Add +46.6% |
| URTH iShares MSCI World ETF | 0.70% | 70,200 | $10.8M | Reduce -52.7% |
| TXN Texas Instruments Inc. | 0.68% | 58,518 | $10.5M | Reduce -4.6% |
| AVGO Broadcom Inc. | 0.67% | 61,523 | $10.3M | Add +796.0% |
| NOW ServiceNow Inc. | 0.66% | 12,668 | $10.1M | Add +251.2% |
| KEX Kirby Corp. | 0.65% | 98,460 | $9.9M | Reduce -0.2% |
| MU Micron Technology Inc. | 0.63% | 110,774 | $9.6M | Reduce -2.2% |
| BTU Peabody Energy Corp. | 0.60% | 679,655 | $9.2M | Add +16.9% |
| VZ Verizon Communications Inc. | 0.60% | 202,110 | $9.2M | Reduce -8.6% |
| CTAS Cintas Corp. | 0.59% | 44,342 | $9.1M | Reduce -16.7% |
| HBAN Huntington Bancshares Inc. | 0.58% | 593,637 | $8.9M | Add +306.9% |
| PVAL Putnam Focused LRG Cap Value | 0.51% | 205,130 | $7.8M | Add +3.3% |
| JPEF JPMorgan Equity Focus ETF | 0.50% | 121,530 | $7.7M | Reduce -0.7% |
| BSY Bentley Systems Inc. Class B | 0.47% | 181,950 | $7.2M | Reduce -22.7% |
| RRX Regal Rexnord Corp. | 0.46% | 62,542 | $7.1M | Reduce -0.1% |
| PGR Progressive Corp. | 0.46% | 24,963 | $7.1M | Reduce -19.9% |
| UNH Unitedhealth Group Inc. | 0.42% | 12,322 | $6.5M | Add +1.9% |
| DLTR Dollar Tree Inc. | 0.42% | 85,943 | $6.5M | New |
| LEGN Legend Biotech Corp.-ADR | 0.37% | 165,661 | $5.6M | Add +21.2% |
| DXCM Dexcom Inc. | 0.37% | 82,208 | $5.6M | Reduce -7.9% |
| SITE Siteone Landscape Supply Inc. | 0.36% | 46,131 | $5.6M | Reduce -7.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.36% | 169,619 | $5.5M | Add +59.9% |
| DHI D.R. Horton Inc. | 0.35% | 42,371 | $5.4M | New |
| KO The Coca-Cola Co. | 0.33% | 71,128 | $5.1M | Add +63.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.31% | 48,336 | $4.8M | Add +29.8% |
| VONG Vanguard Russell 1000 Growth | 0.31% | 51,929 | $4.8M | Reduce -14.6% |
| IWY iShares Russell Top 200 Grow | 0.28% | 20,300 | $4.3M | Add +3.6% |
| REGN Regeneron Pharmaceuticals | 0.27% | 6,424 | $4.1M | Add +57.5% |
| VEEV Veeva Systems Inc. Class A | 0.26% | 17,397 | $4.0M | New |
| JGRO JPMorgan Active Growth ETF | 0.23% | 47,600 | $3.5M | Reduce -1.4% |
| TSLA Tesla Inc. | 0.21% | 12,324 | $3.2M | Add +118.3% |
| EVI Evi Industries Inc. | 0.20% | 186,453 | $3.1M | Reduce -15.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.20% | 32,400 | $3.0M | New |
| LVHI Franklin International Low V | 0.19% | 90,100 | $2.9M | New |
| ARCT Arcturus Therapeutics Holdin | 0.18% | 264,909 | $2.8M | Reduce -5.2% |
| LIN Linde PLC | 0.18% | 5,853 | $2.7M | Reduce -10.0% |
| QCOM Qualcomm Inc. | 0.17% | 17,010 | $2.6M | Reduce -7.7% |
| CDE Coeur Mining Inc. | 0.15% | 383,373 | $2.3M | New |
| ISRG Intuitive Surgical Inc. | 0.14% | 4,398 | $2.2M | Reduce -9.2% |
| MORN Morningstar Inc. | 0.14% | 7,061 | $2.1M | Add +3.8% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.13% | 10,866 | $2.0M | Add +3.7% |
| BURL Burlington Stores Inc. | 0.12% | 7,802 | $1.9M | Reduce -2.3% |
| RJF Raymond James Financial Inc. | 0.12% | 13,353 | $1.9M | Reduce -11.9% |
| ANSS Ansys Inc. | 0.11% | 5,314 | $1.7M | Add +3.7% |
| EFX Equifax Inc. | 0.11% | 6,889 | $1.7M | New |
| BLK BlackRock Inc. | 0.10% | 1,627 | $1.5M | New |
| NFLX Netflix Inc. | 0.09% | 1,530 | $1.4M | Reduce -28.2% |
| SKX Skechers USA Inc. Class A | 0.09% | 23,183 | $1.3M | Reduce -7.1% |
| CHD Church & Dwight Co. Inc. | 0.08% | 11,077 | $1.2M | Add +3.7% |
| CUBE Cubesmart | 0.08% | 28,044 | $1.2M | Add +3.7% |
| IMTM iShares MSCI Intl Momentum F | 0.07% | 27,700 | $1.1M | Reduce -0.7% |
| VONV Vanguard Russell 1000 Value | 0.07% | 12,600 | $1.0M | New |
Portfolio Sells Q4 2024 → Q1 2025
| DHR Danaher Corp. | Sold out | 0.00% | −1.12 |
| MRK Merck & Co. Inc. | Reduce -45.5% | 1.06% | −1.02 |
| VNT Vontier Corp. | Sold out | 0.00% | −0.88 |
| URTH iShares MSCI World ETF | Reduce -52.7% | 0.70% | −0.75 |
| MSFT Microsoft Corp. | Reduce -1.4% | 6.25% | −0.62 |
| FISV Fiserv Inc. | Reduce -35.0% | 1.53% | −0.58 |
| VOO Vanguard S&P 500 ETF | Reduce -9.6% | 4.35% | −0.52 |
| V Visa Inc. Class A | Reduce -27.0% | 2.66% | −0.51 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.43 |
| ROST Ross Stores Inc. | Reduce -8.6% | 1.55% | −0.39 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.33 |
| PNC PNC Financial Services Group | Reduce -5.8% | 2.49% | −0.31 |
| MA Mastercard Inc. Class A | Reduce -19.9% | 1.86% | −0.29 |
| TYL Tyler Technologies Inc. | Reduce -18.0% | 1.70% | −0.28 |
| TDW Tidewater Inc. | Reduce -0.3% | 1.04% | −0.26 |
| BSY Bentley Systems Inc. Class B | Reduce -22.7% | 0.47% | −0.22 |
| QUAL iShares MSCI USA Quality Fac | Reduce -75.5% | 0.07% | −0.20 |
| WSC Willscot Holdings Corp. | Reduce -0.9% | 1.02% | −0.17 |
| TJX TJX Companies Inc. | Reduce -11.7% | 1.87% | −0.16 |
| RRX Regal Rexnord Corp. | Reduce -0.1% | 0.46% | −0.15 |
| BAC Bank of America Corp. | Reduce -6.4% | 1.62% | −0.14 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.13 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.12 |
| ARCT Arcturus Therapeutics Holdin | Reduce -5.2% | 0.18% | −0.12 |
| MSI Motorola Solutions Inc. | Reduce -5.0% | 1.58% | −0.11 |
| FIS Fidelity National Info Serv | Reduce -4.8% | 1.03% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -13.6% | 1.13% | −0.09 |
| VONG Vanguard Russell 1000 Growth | Reduce -14.6% | 0.31% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -8.5% | 1.05% | −0.08 |
| DXCM Dexcom Inc. | Reduce -7.9% | 0.37% | −0.07 |
| SITE Siteone Landscape Supply Inc. | Reduce -7.3% | 0.36% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -4.6% | 0.68% | −0.04 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Reduce -46.9% | 0.04% | −0.04 |
| FFOG Franklin Focused Dynamic Gro | Reduce -46.0% | 0.04% | −0.04 |
| RJF Raymond James Financial Inc. | Reduce -11.9% | 0.12% | −0.03 |
| NFLX Netflix Inc. | Reduce -28.2% | 0.09% | −0.03 |
| EVI Evi Industries Inc. | Reduce -15.9% | 0.20% | −0.03 |
| BURL Burlington Stores Inc. | Reduce -2.3% | 0.12% | −0.02 |
| SKX Skechers USA Inc. Class A | Reduce -7.1% | 0.09% | −0.02 |
| JGRO JPMorgan Active Growth ETF | Reduce -1.4% | 0.23% | −0.02 |
| CTAS Cintas Corp. | Reduce -16.7% | 0.59% | −0.02 |
| AEE Ameren Corporation | Reduce -15.8% | 1.01% | −0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -9.2% | 0.14% | −0.02 |
| JPEF JPMorgan Equity Focus ETF | Reduce -0.7% | 0.50% | −0.01 |
| PGR Progressive Corp. | Reduce -19.9% | 0.46% | −0.01 |
| KEX Kirby Corp. | Reduce -0.2% | 0.65% | −0.01 |
| AMD Advanced Micro Devices | Reduce -7.4% | 0.04% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -7.7% | 0.17% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -7.9% | 0.06% | −0.00 |
| ZTS Zoetis Inc. | Reduce -4.3% | 1.24% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| EVR Evercore Inc. Class A | New | 0.97% | +0.97 |
| META Meta Platforms Inc. Class A | Add +350.8% | 1.00% | +0.78 |
| BKNG Booking Holdings Inc. | New | 0.78% | +0.78 |
| NVDA Nvidia Corp. | Add +178.5% | 1.20% | +0.69 |
| AVGO Broadcom Inc. | Add +796.0% | 0.67% | +0.57 |
| ELV Elevance Health Inc. | Add +0.5% | 2.69% | +0.50 |
| HBAN Huntington Bancshares Inc. | Add +306.9% | 0.58% | +0.43 |
| DLTR Dollar Tree Inc. | New | 0.42% | +0.42 |
| NOW ServiceNow Inc. | Add +251.2% | 0.66% | +0.42 |
| DHI D.R. Horton Inc. | New | 0.35% | +0.35 |
| CVX Chevron Corp. | Add +0.9% | 1.84% | +0.32 |
| VST Vistra Corp. | Add +34.1% | 2.01% | +0.31 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.9% | 1.90% | +0.29 |
| VLO Valero Energy Corp. | Add +46.6% | 0.71% | +0.28 |
| VEEV Veeva Systems Inc. Class A | New | 0.26% | +0.26 |
| NOC Northrop Grumman Corp. | Add +0.5% | 2.12% | +0.25 |
| HUBS HubSpot Inc. | Add +58.6% | 0.84% | +0.22 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.20% | +0.20 |
| LVHI Franklin International Low V | New | 0.19% | +0.19 |
| VICI Vici Properties Inc. | Add +59.9% | 0.36% | +0.17 |
| KO The Coca-Cola Co. | Add +63.7% | 0.33% | +0.16 |
| CDE Coeur Mining Inc. | New | 0.15% | +0.15 |
| EFX Equifax Inc. | New | 0.11% | +0.11 |
| BLK BlackRock Inc. | New | 0.10% | +0.10 |
| EFG iShares MSCI Eafe Growth ETF | Add +29.8% | 0.31% | +0.09 |
| LEGN Legend Biotech Corp.-ADR | Add +21.2% | 0.37% | +0.09 |
| REGN Regeneron Pharmaceuticals | Add +57.5% | 0.27% | +0.08 |
| VONV Vanguard Russell 1000 Value | New | 0.07% | +0.07 |
| TSLA Tesla Inc. | Add +118.3% | 0.21% | +0.06 |
| HD Home Depot Inc. | New | 0.05% | +0.05 |
| PVAL Putnam Focused LRG Cap Value | Add +3.3% | 0.51% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +1.9% | 0.42% | +0.04 |
| AAPL Apple Inc. | Add +9.8% | 2.21% | +0.02 |
| VT Vanguard Tot World STK ETF | Add +48.0% | 0.05% | +0.02 |
| JKHY Jack Henry & Associates Inc. | Add +3.7% | 0.13% | +0.01 |
| FITB Fifth Third Bancorp | New | 0.01% | +0.01 |
| CHD Church & Dwight Co. Inc. | Add +3.7% | 0.08% | +0.01 |
| CUBE Cubesmart | Add +3.7% | 0.08% | +0.01 |
| IEV iShares Europe ETF | Add +20.6% | 0.01% | +0.00 |
| ANSS Ansys Inc. | Add +3.7% | 0.11% | +0.00 |
| MORN Morningstar Inc. | Add +3.8% | 0.14% | −0.01 |
| IWY iShares Russell Top 200 Grow | Add +3.6% | 0.28% | −0.01 |
| AME Ametek Inc. | Add +0.3% | 1.74% | −0.01 |
| EXAS Exact Sciences Corp. | Add +21.1% | 0.83% | −0.03 |
| STZ Constellation Brands Inc. Class A | Add +2.0% | 0.89% | −0.12 |
| BTU Peabody Energy Corp. | Add +16.9% | 0.60% | −0.17 |
| AMZN Amazon.com Inc. | Add +5.8% | 4.54% | −0.23 |
| GOOG Alphabet Inc. Class C | Add +2.2% | 3.02% | −0.46 |
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 |