Guardian Capital Advisors LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Guardian Capital Advisors LP reported 170 stock positions worth $927.6 million. Its top holding was Royal Bank of Canada (RY) at 6.0% of the portfolio, followed by Toronto-Dominion Bank (TD, 5.2%) and Bank of Montreal (BMO, 4.0%). Compared with Q4 2023, it opened 11 new positions, sold out of 11, added to 45 and reduced 100. The biggest buy was a new position in iShares MSCI Japan Value ETF (EWJV) and the biggest sale Wisdomtree Japan Hedged Eq (DXJ, shares −97%).

Most Recent 13F
Q3 2024
Location
TORONTO, A6
CIK
0001512652
Portfolio Value
$927.6M (Q1 2024)
SEC Filing
0001062993-24-010180 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $927.6M $927.6M Q1 2024 Q2 2024: $938.8M Q2 2024 Q3 2024: $1.0B Q3 2024

Holdings 170 stocks · $927.6M
RY Royal Bank of Canada 6.01% 568,433 $55.7M Reduce -1.6%
TD Toronto-Dominion Bank 5.20% 837,988 $48.2M Reduce -1.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE 4.02% 404,195 $37.3M Reduce -1.7%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 3.45% 677,332 $32.0M Reduce -2.0%
CNI Canadian Natl Railway Co. 3.06% 220,523 $28.4M Reduce -0.4%
MSFT Microsoft Corp. 3.04% 68,552 $28.2M Reduce -3.6%
ENB Enbridge Inc. 2.81% 771,515 $26.0M Add +2.2%
CNQ Canadian Natural Resources 2.63% 311,490 $24.4M Reduce -0.8%
JPM JPMorgan Chase & Co. 1.98% 102,048 $18.4M Reduce -4.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 1.95% 379,147 $18.1M Reduce -23.3%
NVO Novo-Nordisk A/S-Spons ADR 1.88% 140,162 $17.5M Reduce -7.5%
VUG Vanguard Mrngstar GR ETF-Sui 1.82% 50,900 $16.9M Add +73.1%
AAPL Apple Inc. 1.61% 89,057 $15.0M Add +7.5%
EMR Emerson Electric Co. 1.59% 133,905 $14.7M Reduce -0.8%
PEP Pepsico Inc. 1.57% 85,900 $14.6M Reduce -0.9%
MCD McDonald's Corp. 1.55% 53,287 $14.4M Add +0.4%
JNJ Johnson & Johnson 1.52% 97,642 $14.1M Add +0.0%
TU Telus Corp. 1.48% 858,906 $13.7M Reduce -6.0%
NTR Nutrien Ltd. 1.46% 258,032 $13.5M Reduce -1.2%
BAM Brookfield Asset Mgmt-A 1.32% 308,828 $12.2M Reduce -1.1%
BCE Bce Inc. 1.31% 371,589 $12.1M Add +6.4%
BN Brookfield Corp. 1.30% 306,345 $12.1M Reduce -3.7%
IMO Imperial Oil Ltd. 1.30% 171,109 $12.0M Reduce -2.1%
SU Suncor Energy Inc. 1.26% 303,477 $11.6M Reduce -28.7%
ING ING Groep N.V.-Sponsored ADR 1.25% 733,202 $11.6M Reduce -3.7%
DUK Duke Energy Corp. 1.25% 122,883 $11.6M Reduce -0.9%
NGG National Grid PLC-SP ADR 1.17% 167,547 $10.8M Reduce -1.3%
CVX Chevron Corp. 1.16% 68,975 $10.8M Reduce -0.8%
FTS Fortis Inc. 1.07% 259,857 $9.9M Add +6.2%
RCI Rogers Communications Inc. Class B 1.03% 248,823 $9.5M Add +4.6%
WMT Walmart Inc. 1.03% 159,922 $9.5M Reduce -33.5%
COST Costco Wholesale Corp. 1.01% 13,042 $9.3M Add +26.7%
TTE Totalenergies SE -Spon ADR 0.98% 127,328 $9.1M Add +28.8%
SLF Sun Life Financial Inc. 0.97% 176,105 $9.0M Reduce -1.7%
SAP Sap SE-Sponsored ADR 0.96% 49,714 $8.9M Reduce -3.8%
MA Mastercard Inc. Class A 0.96% 19,418 $8.9M Add +12.5%
UNH Unitedhealth Group Inc. 0.96% 18,608 $8.9M Reduce -6.7%
PBA Pembina Pipeline Corp. 0.91% 244,427 $8.5M Add +4.0%
EWJV iShares MSCI Japan Value ETF 0.90% 263,770 $8.4M New
XLF SS Financial Select Sector 0.90% 210,080 $8.3M New
SNY Sanofi-ADR 0.87% 175,725 $8.1M Reduce -0.4%
TSM Taiwan Semiconductor-SP ADR 0.78% 52,295 $7.3M Reduce -8.4%
AXP American Express Co. 0.78% 33,101 $7.2M Reduce -3.1%
MGA Magna International Inc. 0.77% 147,466 $7.1M Add +6.6%
DEO Diageo PLC-Sponsored ADR 0.77% 50,884 $7.1M Reduce -7.7%
TRP TC Energy Corp. 0.76% 199,175 $7.1M Reduce -5.3%
ABCL Abcellera Biologics Inc. 0.75% 1,786,414 $7.0M No change
DFEM Dimensional Emrg MRKT Core 0.72% 264,437 $6.7M Add +1178.6%
ORCL Oracle Corp. 0.71% 55,775 $6.6M Reduce -2.7%
BHP BHP Group Ltd.-Spon ADR 0.70% 110,700 $6.5M Reduce -2.8%
TXN Texas Instruments Inc. 0.67% 37,527 $6.2M Add +4.3%
QCOM Qualcomm Inc. 0.66% 37,496 $6.2M Reduce -2.0%
AEM Agnico Eagle Mines Ltd. 0.66% 96,442 $6.1M Add +12.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.63% 11,763 $5.9M Add +0.9%
GOOGL Alphabet Inc. Class A 0.61% 36,412 $5.7M Reduce -9.9%
RTX RTX Corp. 0.59% 53,997 $5.4M Add +44.9%
CMCSA Comcast Corp. Class A 0.57% 135,657 $5.3M Add +2.6%
AFL Aflac Inc. 0.55% 63,515 $5.1M Reduce -4.3%
NKE Nike Inc. Class B 0.54% 52,988 $5.0M Add +62.0%
MFC Manulife Financial Corp. 0.53% 212,246 $4.9M Reduce -3.7%
OTEX Open Text Corp. 0.50% 132,312 $4.6M Add +146.4%
SBUX Starbucks Corp. 0.46% 49,465 $4.3M Add +78.3%
NVS Novartis AG-Sponsored ADR 0.44% 43,898 $4.1M Reduce -1.4%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.44% 418,536 $4.1M Reduce -7.3%
WFC Wells Fargo & Co. 0.41% 67,022 $3.8M Reduce -6.3%
AEP American Electric Power 0.40% 46,171 $3.8M Reduce -9.6%
PFE Pfizer Inc. 0.40% 145,223 $3.7M Add +45.6%
BAX Baxter International Inc. 0.40% 93,185 $3.7M Reduce -6.3%
CP Canadian Pacific Kansas City 0.39% 42,270 $3.6M Add +3.7%
AZN Astrazeneca PLC-Spons ADR 0.38% 51,898 $3.6M Reduce -7.7%
FCX Freeport-McMoran Inc. 0.38% 69,920 $3.5M Reduce -14.7%
ELV Elevance Health Inc. 0.37% 6,751 $3.4M Reduce -12.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.37% 30,150 $3.4M Add +2.2%
TRI Thomson Reuters Corp. 0.36% 21,801 $3.4M Add +6.4%
BIP Brookfield Infrastructure Pa 0.34% 122,988 $3.2M Reduce -4.8%
VOO Vanguard S&P 500 ETF 0.32% 6,438 $3.0M No change
UL Unilever PLC 0.32% 63,312 $3.0M Reduce -5.8%
CVE Cenovus Energy Inc. 0.30% 131,279 $2.8M Reduce -20.6%
VEA Vanguard Ftse Developed ETF 0.29% 56,920 $2.7M No change
WCN Waste Connections Inc. 0.29% 16,114 $2.7M Reduce -19.5%
TIP iShares Tips Bond ETF 0.28% 24,393 $2.6M Reduce -71.8%
CME Cme Group Inc. 0.26% 11,730 $2.4M Reduce -1.5%
LLY Eli Lilly & Co. 0.25% 3,127 $2.3M Reduce -16.1%
GOOG Alphabet Inc. Class C 0.23% 13,885 $2.2M Reduce -5.9%
WPM Wheaton Precious Metals Corp. 0.23% 40,550 $2.2M Reduce -26.9%
MKTX Marketaxess Holdings Inc. 0.22% 10,055 $2.0M Add +89.5%
CCJ Cameco Corp. 0.21% 39,121 $1.9M Add +4.0%
TECK Teck Resources Ltd.-CLS B 0.19% 36,747 $1.8M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.18% 4,291 $1.7M Add +4.6%
ACN Accenture PLC Class A 0.17% 4,900 $1.5M Reduce -5.2%
WAT Waters Corp. 0.16% 4,935 $1.5M Reduce -13.3%
INTU Intuit Inc. 0.15% 2,267 $1.4M Reduce -31.8%
BXP BXP Inc. filed as BOSTON PROPERTIES INC 0.14% 22,885 $1.3M Add +116.2%
BEP Brookfield Renewable Partner 0.14% 64,319 $1.3M Reduce -13.0%
FANG Diamondback Energy Inc. 0.14% 6,250 $1.3M Reduce -6.7%
AQN Algonquin Power & Utilities 0.13% 214,044 $1.2M Reduce -17.5%
PANW Palo Alto Networks Inc. 0.13% 4,200 $1.2M Add +11.3%
VRSK Verisk Analytics Inc. 0.12% 5,149 $1.1M Reduce -1.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.12% 12,468 $1.1M Reduce -17.2%
GIB Cgi Inc. 0.12% 10,584 $1.1M Add +56.7%

Show all 170 holdings

Portfolio Sells Q4 2023 → Q1 2024
DXJ Wisdomtree Japan Hedged Eq Reduce -97.2% 0.03% −0.93
TIP iShares Tips Bond ETF Reduce -71.8% 0.28% −0.69
TD Toronto-Dominion Bank Reduce -1.4% 5.20% −0.64
XHB SS SPDR S&P Homebldrs ETF Reduce -95.4% 0.03% −0.62
CM Can Imperial BK of Commerce Reduce -23.3% 1.95% −0.55
XLE SS Energy Select Sector Sold out 0.00% −0.45
MMM 3M Co. Sold out 0.00% −0.33
WMT Walmart Inc. Reduce -33.5% 1.03% −0.30
COPX Global X Copper Miners ETF Reduce -81.3% 0.09% −0.28
TU Telus Corp. Reduce -6.0% 1.48% −0.27
FMS Fresenius Medical Care-ADR Sold out 0.00% −0.27
BMO Bank of Montreal Reduce -1.7% 4.02% −0.26
SU Suncor Energy Inc. Reduce -28.7% 1.26% −0.23
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.19
RY Royal Bank of Canada Reduce -1.6% 6.01% −0.17
UNH Unitedhealth Group Inc. Reduce -6.7% 0.96% −0.16
TRP TC Energy Corp. Reduce -5.3% 0.76% −0.13
BLK BlackRock Finance Inc. Reduce -47.8% 0.11% −0.11
BHP BHP Group Ltd.-Spon ADR Reduce -2.8% 0.70% −0.09
SNY Sanofi-ADR Reduce -0.4% 0.87% −0.08
BIP Brookfield Infrastructure Pa Reduce -4.8% 0.34% −0.08
NTR Nutrien Ltd. Reduce -1.2% 1.46% −0.08
BEP Brookfield Renewable Partner Reduce -13.0% 0.14% −0.07
TAC Transalta Corp. Reduce -31.6% 0.07% −0.06
BNS Bank of Nova Scotia Reduce -2.0% 3.45% −0.06
INTU Intuit Inc. Reduce -31.8% 0.15% −0.06
NGG National Grid PLC-SP ADR Reduce -1.3% 1.17% −0.06
NVS Novartis AG-Sponsored ADR Reduce -1.4% 0.44% −0.06
BA The Boeing Co. Sold out 0.00% −0.05
DEO Diageo PLC-Sponsored ADR Reduce -7.7% 0.77% −0.05
AQN Algonquin Power & Utilities Reduce -17.5% 0.13% −0.05
WPM Wheaton Precious Metals Corp. Reduce -26.9% 0.23% −0.05
AEP American Electric Power Reduce -9.6% 0.40% −0.05
VZ Verizon Communications Inc. Sold out 0.00% −0.04
DUK Duke Energy Corp. Reduce -0.9% 1.25% −0.03
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.03
VALE Vale SA-SP ADR Sold out 0.00% −0.03
BBU Brookfield Business PT-Unit Sold out 0.00% −0.03
UL Unilever PLC Reduce -5.8% 0.32% −0.03
BAX Baxter International Inc. Reduce -6.3% 0.40% −0.02
UPS United Parcel Service Class B Reduce -14.4% 0.09% −0.02
AFL Aflac Inc. Reduce -4.3% 0.55% −0.02
MDY State Street SPDR S&P Midcap Sold out 0.00% −0.02
BIPC Brookfield Infrastructure-A Sold out 0.00% −0.02
WAT Waters Corp. Reduce -13.3% 0.16% −0.02
AZN Astrazeneca PLC-Spons ADR Reduce -7.7% 0.38% −0.02
WCN Waste Connections Inc. Reduce -19.5% 0.29% −0.02
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -17.2% 0.12% −0.02
SHOP Shopify Inc. Class A Reduce -27.8% 0.04% −0.02
ACN Accenture PLC Class A Reduce -5.2% 0.17% −0.02

Portfolio Buys Q4 2023 → Q1 2024
EWJV iShares MSCI Japan Value ETF New 0.90% +0.90
XLF SS Financial Select Sector New 0.90% +0.90
VUG Vanguard Mrngstar GR ETF-Sui Add +73.1% 1.82% +0.88
DFEM Dimensional Emrg MRKT Core Add +1178.6% 0.72% +0.67
TTE Totalenergies SE -Spon ADR Add +28.8% 0.98% +0.30
COST Costco Wholesale Corp. Add +26.7% 1.01% +0.30
OTEX Open Text Corp. Add +146.4% 0.50% +0.27
RTX RTX Corp. Add +44.9% 0.59% +0.25
MA Mastercard Inc. Class A Add +12.5% 0.96% +0.20
NKE Nike Inc. Class B Add +62.0% 0.54% +0.19
SBUX Starbucks Corp. Add +78.3% 0.46% +0.19
AEM Agnico Eagle Mines Ltd. Add +12.8% 0.66% +0.18
ILMN Illumina Inc. New 0.11% +0.11
WYNN WYNN Resorts Ltd. New 0.11% +0.11
PFE Pfizer Inc. Add +45.6% 0.40% +0.09
DIS The Walt Disney Co. Add +2.2% 0.37% +0.09
CF CF Industries Holdings Inc. New 0.08% +0.08
MKTX Marketaxess Holdings Inc. Add +89.5% 0.22% +0.07
BXP BXP Inc. Add +116.2% 0.14% +0.06
PBA Pembina Pipeline Corp. Add +4.0% 0.91% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Add +0.9% 0.63% +0.06
TRI Thomson Reuters Corp. Add +6.4% 0.36% +0.05
CP Canadian Pacific Kansas City Add +3.7% 0.39% +0.05
GIB Cgi Inc. Add +56.7% 0.12% +0.05
AES AES Corp. New 0.04% +0.04
TXN Texas Instruments Inc. Add +4.3% 0.67% +0.04
CCJ Cameco Corp. Add +4.0% 0.21% +0.04
NDAQ Nasdaq Inc. New 0.04% +0.04
AGG iShares Core U.S. Aggregate Add +59.2% 0.07% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +4.6% 0.18% +0.03
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 0.03% +0.03
ENPH Enphase Energy Inc. New 0.02% +0.02
IAU iShares Gold Trust New 0.02% +0.02
J Jacobs Solutions Inc. New 0.02% +0.02
PANW Palo Alto Networks Inc. Add +11.3% 0.13% +0.01
AAPL Apple Inc. Add +7.5% 1.61% +0.01
MRK Merck & Co. Inc. Add +22.0% 0.04% +0.01
V Visa Inc. Class A Add +3.8% 0.08% +0.01
BKNG Booking Holdings Inc. Add +4.7% 0.11% +0.01
ADP Automatic Data Processing Add +3.3% 0.06% +0.00
EMXC iShares MSCI Emr MRK Ex Chna Add +6.1% 0.05% +0.00
EEMS iShares MSCI Emerging MKT SM Add +6.3% 0.04% +0.00
CSCO Cisco Systems Inc. Add +9.0% 0.04% +0.00
VGSH Vanguard Short-Term Treasury Add +1.2% 0.06% +0.00
QSR Restaurant Brands Intern Add +10.3% 0.05% +0.00
KULR Kulr Technology Group Inc. Add +150.0% 0.00% +0.00
BEPC Brookfield Renewable Cor-A Add +18.4% 0.05% −0.01
FTS Fortis Inc. Add +6.2% 1.07% −0.02
INTC Intel Corp. Add +2.1% 0.06% −0.02
CMCSA Comcast Corp. Class A Add +2.6% 0.57% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2024 167$1.0BRY, TD, BMO, BNS, ENB
Q2 2024 172$938.8MRY, TD, BMO, MSFT, BNS
Q1 2024 170$927.6MRY, TD, BMO, BNS, CNI