Empire Life Investments Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Empire Life Investments Inc. reported 110 stock positions worth $1.8 billion. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 5.4%) and Alphabet Class C (GOOG, 5.3%). Compared with Q3 2025, it opened 11 new positions, sold out of 8, added to 48 and reduced 48. The biggest buy was Alphabet Class C (GOOG, shares +13%) and the biggest sale Microsoft (MSFT, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001640951
- Portfolio Value
- $1.8B (Q4 2025)
- SEC Filing
- 0001213900-26-012076 ↗ filed Feb 4, 2026
Holdings Value
Holdings 110 stocks · $1.8B
| MSFT Microsoft Corp. | 5.69% | 208,821 | $101.0M | Reduce -12.7% |
| VOO Vanguard S&P 500 ETF | 5.44% | 154,049 | $96.6M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 5.28% | 298,789 | $93.8M | Add +12.6% |
| AMZN Amazon.com Inc. | 4.64% | 356,960 | $82.4M | Reduce -3.5% |
| AAPL Apple Inc. | 3.46% | 225,865 | $61.4M | Reduce -1.9% |
| LRCX Lam Research Corp. | 3.08% | 319,892 | $54.8M | Add +5.4% |
| NVDA Nvidia Corp. | 2.61% | 248,550 | $46.4M | Add +8.9% |
| PNC PNC Financial Services Group | 2.55% | 217,119 | $45.3M | Add +8.7% |
| MU Micron Technology Inc. | 2.54% | 157,871 | $45.1M | Reduce -5.6% |
| VST Vistra Corp. | 2.29% | 252,338 | $40.7M | Add +16.8% |
| IEFA iShares Core MSCI Eafe ETF | 2.17% | 431,381 | $38.6M | Add +9.0% |
| V Visa Inc. Class A | 2.10% | 106,452 | $37.3M | Reduce -3.4% |
| AVGO Broadcom Inc. | 1.95% | 99,978 | $34.6M | Add +35.9% |
| JNJ Johnson & Johnson | 1.86% | 159,232 | $33.0M | Reduce -8.9% |
| NOC Northrop Grumman Corp. | 1.75% | 54,331 | $31.0M | Reduce -6.3% |
| ROST Ross Stores Inc. | 1.74% | 171,087 | $30.8M | Reduce -0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.69% | 544,500 | $29.9M | Add +0.0% |
| AME Ametek Inc. | 1.68% | 145,139 | $29.8M | Reduce -0.8% |
| ELV Elevance Health Inc. | 1.67% | 84,807 | $29.7M | Reduce -0.1% |
| AZO AutoZone Inc. | 1.63% | 8,545 | $29.0M | Add +27.8% |
| MA Mastercard Inc. Class A | 1.50% | 46,743 | $26.7M | Reduce -1.3% |
| META Meta Platforms Inc. Class A | 1.47% | 39,538 | $26.1M | Reduce -1.5% |
| BKNG Booking Holdings Inc. | 1.45% | 4,800 | $25.7M | Add +97.0% |
| ACN Accenture PLC Class A | 1.40% | 92,761 | $24.9M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.40% | 161,728 | $24.8M | Reduce -1.3% |
| CME Cme Group Inc. | 1.28% | 83,199 | $22.7M | Reduce -0.2% |
| CVX Chevron Corp. | 1.22% | 141,675 | $21.6M | Reduce -21.8% |
| WEC WEC Energy Group Inc. | 1.18% | 198,977 | $21.0M | Add +0.0% |
| ROP Roper Technologies Inc. | 1.14% | 45,517 | $20.3M | Add +38.5% |
| KO The Coca-Cola Co. | 1.10% | 279,447 | $19.5M | Add +57.7% |
| TDW Tidewater Inc. | 1.08% | 380,175 | $19.2M | Add +0.3% |
| EXAS Exact Sciences Corp. | 1.07% | 187,740 | $19.1M | Reduce -46.3% |
| HUBS HubSpot Inc. | 1.06% | 47,074 | $18.9M | Add +10.6% |
| TYL Tyler Technologies Inc. | 1.05% | 41,015 | $18.6M | Reduce -0.6% |
| DLTR Dollar Tree Inc. | 1.04% | 149,493 | $18.4M | Reduce -28.2% |
| COST Costco Wholesale Corp. | 1.02% | 21,023 | $18.1M | Reduce -0.1% |
| PGR Progressive Corp. | 1.01% | 78,801 | $17.9M | Add +26.3% |
| EVR Evercore Inc. Class A | 1.00% | 52,341 | $17.8M | Reduce -17.4% |
| EOG EOG Resources Inc. | 0.99% | 166,990 | $17.5M | Add +0.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.91% | 64,000 | $16.2M | Reduce -1.5% |
| MSI Motorola Solutions Inc. | 0.89% | 41,118 | $15.8M | Reduce -21.0% |
| AEE Ameren Corporation | 0.87% | 154,518 | $15.4M | Add +0.1% |
| URTH iShares MSCI World ETF | 0.87% | 82,743 | $15.4M | Add +6.8% |
| PM Philip Morris International | 0.86% | 94,873 | $15.2M | Add +10.3% |
| T AT&T Inc. | 0.77% | 550,988 | $13.7M | Add +63.3% |
| NOW ServiceNow Inc. | 0.77% | 88,675 | $13.6M | Reduce -1.4% |
| BTU Peabody Energy Corp. | 0.76% | 454,748 | $13.5M | Add +0.3% |
| ZTS Zoetis Inc. | 0.75% | 106,221 | $13.4M | Reduce -0.9% |
| NEM Newmont Corp. | 0.67% | 118,216 | $11.8M | New |
| TXN Texas Instruments Inc. | 0.66% | 67,379 | $11.7M | Reduce -0.0% |
| MO Altria Group Inc. | 0.60% | 185,691 | $10.7M | Reduce -22.5% |
| TRU Transunion | 0.59% | 122,101 | $10.5M | Reduce -32.1% |
| KEX Kirby Corp. | 0.55% | 89,222 | $9.8M | Add +0.3% |
| HBAN Huntington Bancshares Inc. | 0.53% | 542,036 | $9.4M | Add +0.0% |
| WSC Willscot Holdings Corp. | 0.47% | 447,503 | $8.4M | Reduce -12.8% |
| VEEV Veeva Systems Inc. Class A | 0.47% | 37,054 | $8.3M | Add +21.1% |
| CTAS Cintas Corp. | 0.46% | 43,447 | $8.2M | Reduce -1.2% |
| RRX Regal Rexnord Corp. | 0.45% | 56,778 | $8.0M | Add +0.3% |
| SPHR Sphere Entertainment Co. | 0.44% | 81,267 | $7.7M | New |
| RKLB Rocket Lab Corp. | 0.41% | 103,676 | $7.2M | Add +19.6% |
| LEGN Legend Biotech Corp.-ADR | 0.40% | 322,936 | $7.0M | Reduce -0.6% |
| IWY iShares Russell Top 200 Grow | 0.37% | 23,920 | $6.6M | Add +10.1% |
| OCUL Ocular Therapeutix Inc. | 0.37% | 540,115 | $6.6M | Add +115.0% |
| VONG Vanguard Russell 1000 Growth | 0.32% | 47,230 | $5.8M | Reduce -6.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.32% | 200,845 | $5.6M | Reduce -0.9% |
| FRMI Fermi Inc. | 0.32% | 701,422 | $5.6M | New |
| PVAL Putnam Focused LRG Cap Value | 0.30% | 118,301 | $5.4M | Add +24.0% |
| SITE Siteone Landscape Supply Inc. | 0.29% | 41,921 | $5.2M | Reduce -2.9% |
| EQT Eqt Corp. | 0.29% | 94,848 | $5.1M | New |
| DXCM Dexcom Inc. | 0.28% | 74,397 | $4.9M | Reduce -1.2% |
| CRH CRH PLC | 0.28% | 39,554 | $4.9M | New |
| TSLA Tesla Inc. | 0.27% | 10,789 | $4.9M | Reduce -3.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 7,700 | $4.7M | New |
| EVI Evi Industries Inc. | 0.23% | 168,427 | $4.2M | Add +0.3% |
| SPRY Ars Pharmaceuticals Inc. | 0.23% | 352,602 | $4.1M | Reduce -0.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 7,645 | $3.6M | Add +566.5% |
| IMTM iShares MSCI Intl Momentum F | 0.19% | 70,900 | $3.4M | Reduce -39.9% |
| TCHP T Rowe Price Blue Chip Growt | 0.19% | 68,027 | $3.4M | Reduce -8.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.19% | 29,800 | $3.4M | Reduce -29.6% |
| JGRO JPMorgan Active Growth ETF | 0.19% | 36,420 | $3.4M | Add +6.7% |
| JPEF JPMorgan Equity Focus ETF | 0.19% | 44,279 | $3.3M | Reduce -36.5% |
| MELI MercadoLibre Inc. | 0.18% | 1,624 | $3.3M | Reduce -23.6% |
| VT Vanguard Tot World STK ETF | 0.16% | 19,774 | $2.8M | Add +91.9% |
| QCOM Qualcomm Inc. | 0.15% | 15,173 | $2.6M | Add +0.3% |
| ARCT Arcturus Therapeutics Holdin | 0.14% | 412,402 | $2.5M | Reduce -1.2% |
| LIN Linde PLC | 0.14% | 5,711 | $2.4M | Reduce -5.5% |
| ISRG Intuitive Surgical Inc. | 0.13% | 4,219 | $2.4M | Reduce -6.7% |
| BURL Burlington Stores Inc. | 0.13% | 7,999 | $2.3M | Add +1.1% |
| RJF Raymond James Financial Inc. | 0.12% | 13,352 | $2.1M | Add +0.3% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.11% | 10,864 | $2.0M | Add +0.3% |
| FFOG Franklin Focused Dynamic Gro | 0.11% | 39,870 | $1.9M | Add +32.1% |
| MORN Morningstar Inc. | 0.09% | 7,061 | $1.5M | Add +0.3% |
| QUAL iShares MSCI USA Quality Fac | 0.07% | 6,150 | $1.2M | Add +0.8% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 0.07% | 39,910 | $1.2M | Add +46.1% |
| AMD Advanced Micro Devices | 0.06% | 5,050 | $1.1M | Reduce -9.9% |
| BLK BlackRock Inc. | 0.06% | 968 | $1.0M | No change |
| CDE Coeur Mining Inc. | 0.06% | 57,683 | $1.0M | Reduce -75.4% |
| CUBE Cubesmart | 0.06% | 28,038 | $1.0M | Add +0.3% |
| HD Home Depot Inc. | 0.06% | 2,899 | $998K | No change |
| CHD Church & Dwight Co. Inc. | 0.05% | 11,075 | $929K | Add +0.3% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -12.7% | 5.69% | −1.57 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.74 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.72 |
| MSI Motorola Solutions Inc. | Reduce -21.0% | 0.89% | −0.51 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.46 |
| CVX Chevron Corp. | Reduce -21.8% | 1.22% | −0.43 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.39 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.34 |
| MO Altria Group Inc. | Reduce -22.5% | 0.60% | −0.32 |
| NOC Northrop Grumman Corp. | Reduce -6.3% | 1.75% | −0.32 |
| ARCT Arcturus Therapeutics Holdin | Reduce -1.2% | 0.14% | −0.31 |
| TRU Transunion | Reduce -32.1% | 0.59% | −0.29 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 1.47% | −0.26 |
| EVR Evercore Inc. Class A | Reduce -17.4% | 1.00% | −0.25 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.23 |
| LEGN Legend Biotech Corp.-ADR | Reduce -0.6% | 0.40% | −0.23 |
| TYL Tyler Technologies Inc. | Reduce -0.6% | 1.05% | −0.21 |
| NOW ServiceNow Inc. | Reduce -1.4% | 0.77% | −0.20 |
| CDE Coeur Mining Inc. | Reduce -75.4% | 0.06% | −0.20 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.17 |
| ZTS Zoetis Inc. | Reduce -0.9% | 0.75% | −0.17 |
| WSC Willscot Holdings Corp. | Reduce -12.8% | 0.47% | −0.16 |
| IMTM iShares MSCI Intl Momentum F | Reduce -39.9% | 0.19% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 1.02% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 4.64% | −0.12 |
| JPEF JPMorgan Equity Focus ETF | Reduce -36.5% | 0.19% | −0.12 |
| DLTR Dollar Tree Inc. | Reduce -28.2% | 1.04% | −0.11 |
| MELI MercadoLibre Inc. | Reduce -23.6% | 0.18% | −0.11 |
| V Visa Inc. Class A | Reduce -3.4% | 2.10% | −0.10 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -29.6% | 0.19% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 1.50% | −0.07 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.07 |
| VICI Vici Properties Inc. | Reduce -0.9% | 0.32% | −0.07 |
| CTAS Cintas Corp. | Reduce -1.2% | 0.46% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -0.0% | 0.66% | −0.07 |
| EXAS Exact Sciences Corp. | Reduce -46.3% | 1.07% | −0.05 |
| JNJ Johnson & Johnson | Reduce -8.9% | 1.86% | −0.04 |
| CME Cme Group Inc. | Reduce -0.2% | 1.28% | −0.04 |
| VONG Vanguard Russell 1000 Growth | Reduce -6.7% | 0.32% | −0.03 |
| SITE Siteone Landscape Supply Inc. | Reduce -2.9% | 0.29% | −0.03 |
| LIN Linde PLC | Reduce -5.5% | 0.14% | −0.03 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -1.5% | 0.91% | −0.03 |
| NFLX Netflix Inc. | Reduce -9.2% | 0.05% | −0.02 |
| ORCL Oracle Corp. | Reduce -16.8% | 0.03% | −0.02 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -8.2% | 0.19% | −0.02 |
| DXCM Dexcom Inc. | Reduce -1.2% | 0.28% | −0.02 |
| TSLA Tesla Inc. | Reduce -3.8% | 0.27% | −0.02 |
| AMD Advanced Micro Devices | Reduce -9.9% | 0.06% | +0.01 |
| TJX TJX Companies Inc. | Reduce -1.3% | 1.40% | +0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -6.7% | 0.13% | +0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +12.6% | 5.28% | +1.50 |
| ACN Accenture PLC Class A | New | 1.40% | +1.40 |
| LRCX Lam Research Corp. | Add +5.4% | 3.08% | +0.70 |
| BKNG Booking Holdings Inc. | Add +97.0% | 1.45% | +0.68 |
| NEM Newmont Corp. | New | 0.67% | +0.67 |
| AVGO Broadcom Inc. | Add +35.9% | 1.95% | +0.53 |
| SPHR Sphere Entertainment Co. | New | 0.44% | +0.44 |
| KO The Coca-Cola Co. | Add +57.7% | 1.10% | +0.41 |
| FRMI Fermi Inc. | New | 0.32% | +0.32 |
| EQT Eqt Corp. | New | 0.29% | +0.29 |
| CRH CRH PLC | New | 0.28% | +0.28 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.27% | +0.27 |
| T AT&T Inc. | Add +63.3% | 0.77% | +0.21 |
| PNC PNC Financial Services Group | Add +8.7% | 2.55% | +0.20 |
| OCUL Ocular Therapeutix Inc. | Add +115.0% | 0.37% | +0.20 |
| ROP Roper Technologies Inc. | Add +38.5% | 1.14% | +0.18 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +566.5% | 0.20% | +0.17 |
| RKLB Rocket Lab Corp. | Add +19.6% | 0.41% | +0.16 |
| IEFA iShares Core MSCI Eafe ETF | Add +9.0% | 2.17% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +4.1% | 5.44% | +0.13 |
| KEX Kirby Corp. | Add +0.3% | 0.55% | +0.12 |
| NVDA Nvidia Corp. | Add +8.9% | 2.61% | +0.12 |
| PGR Progressive Corp. | Add +26.3% | 1.01% | +0.11 |
| VT Vanguard Tot World STK ETF | Add +91.9% | 0.16% | +0.07 |
| PVAL Putnam Focused LRG Cap Value | Add +24.0% | 0.30% | +0.07 |
| BTU Peabody Energy Corp. | Add +0.3% | 0.76% | +0.06 |
| DUOL Duolingo | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | Add +0.0% | 1.69% | +0.04 |
| URTH iShares MSCI World ETF | Add +6.8% | 0.87% | +0.04 |
| PM Philip Morris International | Add +10.3% | 0.86% | +0.04 |
| AQLT iShares MSCI GL Qua Fact ETF | New | 0.04% | +0.04 |
| ITMSF Intermap Technologies Corp. | New | 0.04% | +0.04 |
| IWY iShares Russell Top 200 Grow | Add +10.1% | 0.37% | +0.03 |
| FFOG Franklin Focused Dynamic Gro | Add +32.1% | 0.11% | +0.02 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Add +46.1% | 0.07% | +0.02 |
| JKHY Jack Henry & Associates Inc. | Add +0.3% | 0.11% | +0.02 |
| LNG Cheniere Energy Inc. | New | 0.02% | +0.02 |
| BURL Burlington Stores Inc. | Add +1.1% | 0.13% | +0.01 |
| IEV iShares Europe ETF | Add +46.3% | 0.02% | +0.01 |
| JGRO JPMorgan Active Growth ETF | Add +6.7% | 0.19% | +0.00 |
| QUAL iShares MSCI USA Quality Fac | Add +0.8% | 0.07% | −0.00 |
| MTUM iShares MSCI USA Momentum Fa | Add +4.3% | 0.03% | −0.00 |
| QCOM Qualcomm Inc. | Add +0.3% | 0.15% | −0.00 |
| SNPS Synopsys Inc. | Add +0.3% | 0.05% | −0.00 |
| CHD Church & Dwight Co. Inc. | Add +0.3% | 0.05% | −0.00 |
| MORN Morningstar Inc. | Add +0.3% | 0.09% | −0.01 |
| CUBE Cubesmart | Add +0.3% | 0.06% | −0.01 |
| RJF Raymond James Financial Inc. | Add +0.3% | 0.12% | −0.01 |
| HBAN Huntington Bancshares Inc. | Add +0.0% | 0.53% | −0.02 |
| RRX Regal Rexnord Corp. | Add +0.3% | 0.45% | −0.03 |
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 |