Guardian Capital Advisors LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Guardian Capital Advisors LP reported 167 stock positions worth $1.0 billion. Its top holding was Royal Bank of Canada (RY) at 6.2% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.6%) and Bank of Montreal (BMO, 3.4%). Compared with Q2 2024, it opened 4 new positions, sold out of 9, added to 78 and reduced 59. The biggest buy was iShares Tips Bond ETF (TIP, shares +311%) and the biggest sale Invesco KBW Bank ETF (KBWB, shares −49%).

Most Recent 13F
Q3 2024
Location
TORONTO, A6
CIK
0001512652
Portfolio Value
$1.0B (Q3 2024)
SEC Filing
0001062993-24-018776 ↗ filed Nov 12, 2024

Holdings Value

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

Holdings 167 stocks · $1.0B
RY Royal Bank of Canada 6.25% 512,794 $63.4M Add +1.4%
TD Toronto-Dominion Bank 4.58% 731,469 $46.5M Add +1.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE 3.36% 374,594 $34.1M Add +2.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 3.28% 611,777 $33.3M Reduce -3.8%
ENB Enbridge Inc. 3.24% 801,195 $32.9M Add +0.7%
MSFT Microsoft Corp. 3.02% 72,984 $30.7M Add +12.1%
CNI Canadian Natl Railway Co. 2.64% 229,098 $26.8M Add +1.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 2.08% 350,241 $21.2M Reduce -3.1%
AAPL Apple Inc. 2.03% 91,236 $20.6M Add +1.6%
CNQ Canadian Natural Resources 2.03% 595,476 $20.6M Add +1.2%
JPM JPMorgan Chase & Co. 2.00% 97,850 $20.3M Reduce -0.5%
VUG Vanguard Mrngstar GR ETF-Sui 1.66% 44,450 $16.8M Add +3.1%
MCD McDonald's Corp. 1.61% 53,928 $16.3M Add +0.6%
JNJ Johnson & Johnson 1.54% 96,546 $15.6M Reduce -0.4%
BAM Brookfield Asset Mgmt-A 1.53% 327,744 $15.6M Add +1.8%
BN Brookfield Corp. 1.52% 291,300 $15.4M Add +2.1%
NVO Novo-Nordisk A/S-Spons ADR 1.51% 130,352 $15.4M Add +0.5%
PEP Pepsico Inc. 1.51% 89,524 $15.3M Add +2.1%
DUK Duke Energy Corp. 1.45% 126,523 $14.7M Add +1.1%
EMR Emerson Electric Co. 1.43% 133,115 $14.5M Add +0.5%
TU Telus Corp. 1.40% 849,521 $14.2M Reduce -3.0%
BCE Bce Inc. 1.35% 393,151 $13.7M Add +7.1%
NTR Nutrien Ltd. 1.30% 269,048 $13.2M Reduce -3.4%
FTS Fortis Inc. 1.29% 287,322 $13.1M Add +3.4%
ING ING Groep N.V.-Sponsored ADR 1.28% 730,956 $13.0M Add +0.0%
WMT Walmart Inc. 1.25% 156,681 $12.7M Add +1.4%
IMO Imperial Oil Ltd. 1.21% 167,067 $12.3M Reduce -0.2%
NGG National Grid PLC-SP ADR 1.17% 169,911 $11.9M Add +0.1%
EWJV iShares MSCI Japan Value ETF 1.15% 352,938 $11.7M Reduce -0.9%
SAP Sap SE-Sponsored ADR 1.15% 51,674 $11.7M Add +0.1%
DFEM Dimensional Emrg MRKT Core 1.11% 399,815 $11.3M Add +51.2%
RCI Rogers Communications Inc. Class B 1.10% 284,258 $11.2M Add +3.6%
TIP iShares Tips Bond ETF 1.09% 100,343 $11.1M Add +311.4%
UNH Unitedhealth Group Inc. 1.09% 19,008 $11.1M Add +4.2%
MA Mastercard Inc. Class A 1.08% 22,038 $10.9M Add +6.8%
SNY Sanofi-ADR 1.03% 183,054 $10.5M Add +0.5%
CVX Chevron Corp. 1.03% 69,634 $10.4M Add +2.1%
SU Suncor Energy Inc. 1.02% 268,564 $10.3M Reduce -0.3%
PBA Pembina Pipeline Corp. 0.96% 233,413 $9.8M Reduce -3.9%
SLF Sun Life Financial Inc. 0.96% 167,755 $9.7M Add +0.2%
COST Costco Wholesale Corp. 0.94% 10,822 $9.5M Reduce -5.7%
TRP TC Energy Corp. 0.88% 184,880 $8.9M Reduce -2.2%
TTE Totalenergies SE -Spon ADR 0.82% 127,426 $8.4M Add +0.6%
TXN Texas Instruments Inc. 0.82% 41,409 $8.3M Reduce -0.5%
AXP American Express Co. 0.81% 30,577 $8.2M Reduce -0.8%
TSM Taiwan Semiconductor-SP ADR 0.80% 46,912 $8.1M Reduce -0.3%
ORCL Oracle Corp. 0.75% 45,290 $7.6M Reduce -1.1%
MGA Magna International Inc. 0.73% 182,055 $7.4M Add +5.5%
AFL Aflac Inc. 0.72% 65,196 $7.4M Add +2.4%
KBWB Invesco KBW Bank ETF 0.71% 125,760 $7.2M Reduce -49.4%
DEO Diageo PLC-Sponsored ADR 0.70% 50,812 $7.1M Reduce -5.8%
GOOGL Alphabet Inc. Class A 0.67% 40,849 $6.8M Add +16.3%
RTX RTX Corp. 0.67% 54,558 $6.8M Add +2.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.63% 11,201 $6.4M Reduce -0.1%
BHP BHP Group Ltd.-Spon ADR 0.62% 100,205 $6.3M Add +0.1%
OTEX Open Text Corp. 0.61% 188,213 $6.2M Add +7.7%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.60% 600,391 $6.1M Add +6.8%
MFC Manulife Financial Corp. 0.56% 191,709 $5.7M Reduce -3.8%
CMCSA Comcast Corp. Class A 0.55% 132,793 $5.5M Reduce -1.1%
QCOM Qualcomm Inc. 0.52% 31,779 $5.3M Reduce -0.1%
NKE Nike Inc. Class B 0.50% 57,407 $5.1M Add +2.7%
SBUX Starbucks Corp. 0.50% 52,370 $5.1M Add +2.6%
AEP American Electric Power 0.49% 48,676 $5.0M Add +2.4%
AEM Agnico Eagle Mines Ltd. 0.49% 60,705 $5.0M Reduce -17.5%
ABCL Abcellera Biologics Inc. 0.45% 1,786,414 $4.6M No change
DHR Danaher Corp. 0.38% 14,222 $3.9M Add +1017.2%
AZN Astrazeneca PLC-Spons ADR 0.38% 48,642 $3.8M Add +4.2%
FCX Freeport-McMoran Inc. 0.36% 71,965 $3.6M Add +2.6%
TRI Thomson Reuters Corp. 0.35% 20,655 $3.5M Add +9.1%
UL Unilever PLC 0.34% 52,690 $3.4M Add +0.8%
BIP Brookfield Infrastructure Pa 0.33% 98,420 $3.4M Reduce -8.7%
VOO Vanguard S&P 500 ETF 0.33% 6,481 $3.4M Add +0.6%
WFC Wells Fargo & Co. 0.33% 61,018 $3.4M Reduce -1.3%
PFE Pfizer Inc. 0.31% 111,071 $3.2M Reduce -16.8%
ELV Elevance Health Inc. 0.31% 6,151 $3.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.31% 32,952 $3.1M Add +3.8%
MKTX Marketaxess Holdings Inc. 0.29% 11,510 $2.9M Reduce -7.6%
WCN Waste Connections Inc. 0.28% 15,840 $2.8M Reduce -2.8%
INTU Intuit Inc. 0.26% 4,317 $2.6M Reduce -8.2%
LLY Eli Lilly & Co. 0.25% 2,922 $2.6M Reduce -3.1%
NDAQ Nasdaq Inc. 0.25% 34,325 $2.5M Add +30.4%
WAT Waters Corp. 0.24% 6,790 $2.4M Add +16.3%
VEA Vanguard Ftse Developed ETF 0.24% 45,776 $2.4M No change
BXP BXP Inc. 0.24% 29,960 $2.4M Add +7.6%
ILMN Illumina Inc. 0.22% 17,081 $2.2M Add +49.4%
GOOG Alphabet Inc. Class C 0.21% 12,735 $2.1M Add +4.0%
BEP Brookfield Renewable Partner 0.18% 65,554 $1.8M Add +0.6%
CME Cme Group Inc. 0.18% 8,195 $1.8M Reduce -22.6%
NVDA Nvidia Corp. 0.18% 15,271 $1.8M Add +106.3%
AMZN Amazon.com Inc. 0.18% 9,628 $1.8M Add +154.6%
JD Jd.com Inc.-ADR 0.17% 40,200 $1.7M Add +63.4%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 3,752 $1.7M Reduce -1.4%
PLTR Palantir Technologies Inc. Class A 0.16% 44,600 $1.6M Add +51.6%
TECK Teck Resources Ltd.-CLS B 0.16% 31,002 $1.6M Reduce -2.7%
CCJ Cameco Corp. 0.16% 32,663 $1.6M Reduce -0.1%
VRSK Verisk Analytics Inc. 0.15% 5,824 $1.6M Add +8.8%
GIB Cgi Inc. 0.15% 13,181 $1.5M Add +20.3%
BKNG Booking Holdings Inc. 0.15% 365 $1.5M Add +28.1%
LIN Linde PLC 0.15% 3,151 $1.5M Reduce -26.3%
CP Canadian Pacific Kansas City 0.14% 16,620 $1.4M Reduce -34.4%
ONON On Holding AG Class A filed as ON HLDG AG 0.14% 27,850 $1.4M Add +2.2%
ADP Automatic Data Processing 0.13% 4,660 $1.3M Add +62.4%
PANW Palo Alto Networks Inc. 0.12% 3,650 $1.2M Reduce -12.1%
SHOP Shopify Inc. Class A 0.12% 15,195 $1.2M Add +216.9%
CVE Cenovus Energy Inc. 0.11% 67,801 $1.2M Reduce -26.9%
AQN Algonquin Power & Utilities 0.11% 194,754 $1.1M Reduce -4.9%
TRV The Travelers Cos Inc. 0.11% 4,561 $1.1M No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.11% 11,707 $1.1M Add +25.9%
XYZ Block Inc. 0.10% 16,130 $1.1M Add +21.9%
ROP Roper Technologies Inc. 0.09% 1,601 $878K Add +1.6%
ETN Eaton Corp. PLC 0.09% 2,663 $872K New
TAC Transalta Corp. 0.08% 80,660 $852K Reduce -10.3%
BAX Baxter International Inc. 0.08% 22,735 $839K Reduce -75.0%
COPX Global X Copper Miners ETF 0.08% 17,400 $837K No change
GLW Corning Inc. 0.08% 18,055 $804K No change
VGLT Vanguard Long-Term Treasury 0.08% 13,000 $803K New
NEE Nextera Energy Inc. 0.08% 9,400 $802K Add +59.3%
SHY iShares 1-3 Year Treasury Bo 0.08% 9,645 $800K Reduce -8.1%
AVGO Broadcom Inc. 0.07% 4,550 $762K New
ACN Accenture PLC Class A 0.07% 2,160 $760K Reduce -53.3%
AGG iShares Core U.S. Aggregate 0.07% 7,364 $745K Add +3.3%
LRCX Lam Research Corp. 0.07% 915 $730K New
PM Philip Morris International 0.07% 5,775 $696K Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 17,715 $695K No change
V Visa Inc. Class A 0.07% 2,410 $669K Add +4.2%
VGSH Vanguard Short-Term Treasury 0.06% 10,410 $613K No change
WPM Wheaton Precious Metals Corp. 0.06% 9,750 $596K Reduce -77.9%
META Meta Platforms Inc. Class A 0.06% 1,016 $586K Reduce -1.4%
BEPC Brookfield Renewable Cor-A 0.06% 17,758 $581K Add +6.3%
VTI VG Morningstar TS MKT ETF-US 0.05% 1,975 $554K No change
XLF SS Financial Select Sector 0.05% 12,279 $554K No change
ABCB Ameris Bancorp 0.05% 8,200 $492K Reduce -5.8%
MO Altria Group Inc. 0.05% 9,600 $489K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.05% 5,953 $475K Reduce -15.7%
FANG Diamondback Energy Inc. 0.05% 2,600 $462K Reduce -29.7%
EEMS iShares MSCI Emerging MKT SM 0.04% 7,050 $449K No change
DXJ Wisdomtree Japan Hedged Eq 0.04% 4,092 $435K No change
UPS United Parcel Service Class B 0.04% 3,080 $410K No change
XHB SS SPDR S&P Homebldrs ETF 0.04% 3,110 $387K No change
PG The Procter & Gamble Co. 0.04% 2,116 $366K Reduce -8.3%
TSLA Tesla Inc. 0.04% 1,375 $358K Reduce -12.4%
CL Colgate-Palmolive Co. 0.03% 3,345 $342K No change
FNV Franco-Nevada Corp. 0.03% 2,663 $333K Add +4.8%
T AT&T Inc. 0.03% 14,755 $327K Reduce -68.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 2,882 $326K Add +27.3%
HD Home Depot Inc. 0.03% 795 $325K Reduce -20.1%
MRK Merck & Co. Inc. 0.03% 2,795 $321K No change
BLK BlackRock Finance Inc. 0.03% 343 $320K Reduce -57.8%
ICSH iShares Ultra Short Duration 0.03% 6,200 $313K Add +14.8%
QQQ Invesco QQQ Trust Series 1 0.03% 650 $313K No change
CSCO Cisco Systems Inc. 0.03% 5,880 $310K Reduce -11.7%
MMM 3M Co. 0.03% 2,195 $301K Add +7.1%
PDS Precision Drilling Corp. 0.03% 4,724 $296K Reduce -16.0%
LQDH iShares Int Hedg Corp. BD ETF 0.03% 3,119 $290K Add +27.1%
QSR Restaurant Brands Intern 0.03% 3,747 $271K Add +17.6%
UNP Union Pacific Corp. 0.03% 1,050 $258K No change
QQEW First TR Nasdaq-100 Sel Eq 0.03% 2,050 $254K No change
PRU Prudential Financial Inc. 0.03% 2,130 $254K Reduce -3.4%
IAU iShares Gold Trust 0.02% 5,000 $251K No change
DGRO iShares Core Dividend Growth 0.02% 4,000 $250K No change
NVS Novartis AG-Sponsored ADR 0.02% 2,175 $249K No change
COF Capital One Financial Corp. 0.02% 1,475 $217K Reduce -3.3%
VRN Veren Inc. 0.02% 28,874 $185K Reduce -21.1%
PSLV Sprott Physical Silver Trust 0.02% 16,350 $172K No change
HL Hecla Mining Co. 0.01% 20,000 $131K No change
UUUU Energy Fuels Inc. 0.01% 12,750 $72K No change
KULR Kulr Technology Group Inc. 0.00% 47,000 $13K Add +88.0%

Portfolio Sells Q2 2024 → Q3 2024
KBWB Invesco KBW Bank ETF Reduce -49.4% 0.71% −0.74
BAX Baxter International Inc. Reduce -75.0% 0.08% −0.25
WPM Wheaton Precious Metals Corp. Reduce -77.9% 0.06% −0.21
QCOM Qualcomm Inc. Reduce -0.1% 0.52% −0.19
JPM JPMorgan Chase & Co. Reduce -0.5% 2.00% −0.18
TSM Taiwan Semiconductor-SP ADR Reduce -0.3% 0.80% −0.16
COST Costco Wholesale Corp. Reduce -5.7% 0.94% −0.15
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.14
NTR Nutrien Ltd. Reduce -3.4% 1.30% −0.12
EWJV iShares MSCI Japan Value ETF Reduce -0.9% 1.15% −0.09
PFE Pfizer Inc. Reduce -16.8% 0.31% −0.09
AEM Agnico Eagle Mines Ltd. Reduce -17.5% 0.49% −0.08
TXN Texas Instruments Inc. Reduce -0.5% 0.82% −0.08
CP Canadian Pacific Kansas City Reduce -34.4% 0.14% −0.08
CVE Cenovus Energy Inc. Reduce -26.9% 0.11% −0.08
ACN Accenture PLC Class A Reduce -53.3% 0.07% −0.07
SU Suncor Energy Inc. Reduce -0.3% 1.02% −0.07
T AT&T Inc. Reduce -68.8% 0.03% −0.06
WFC Wells Fargo & Co. Reduce -1.3% 0.33% −0.06
INTU Intuit Inc. Reduce -8.2% 0.26% −0.06
GS Goldman Sachs Group Inc. Sold out 0.00% −0.06
LIN Linde PLC Reduce -26.3% 0.15% −0.05
LLY Eli Lilly & Co. Reduce -3.1% 0.25% −0.05
AES AES Corp. Sold out 0.00% −0.05
INTC Intel Corp. Sold out 0.00% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 0.63% −0.04
DEO Diageo PLC-Sponsored ADR Reduce -5.8% 0.70% −0.04
PAAS Pan American Silver Corp. Sold out 0.00% −0.04
BLK BlackRock Finance Inc. Reduce -57.8% 0.03% −0.04
CME Cme Group Inc. Reduce -22.6% 0.18% −0.04
FANG Diamondback Energy Inc. Reduce -29.7% 0.05% −0.03
ENPH Enphase Energy Inc. Sold out 0.00% −0.03
WCN Waste Connections Inc. Reduce -2.8% 0.28% −0.03
CRM Salesforce Inc. Sold out 0.00% −0.03
PANW Palo Alto Networks Inc. Reduce -12.1% 0.12% −0.03
CCJ Cameco Corp. Reduce -0.1% 0.16% −0.03
AQN Algonquin Power & Utilities Reduce -4.9% 0.11% −0.03
EL Estee Lauder Companies Class A Sold out 0.00% −0.02
IMO Imperial Oil Ltd. Reduce -0.2% 1.21% −0.02
MFC Manulife Financial Corp. Reduce -3.8% 0.56% −0.02
TU Telus Corp. Reduce -3.0% 1.40% −0.02
SHY iShares 1-3 Year Treasury Bo Reduce -8.1% 0.08% −0.01
PDS Precision Drilling Corp. Reduce -16.0% 0.03% −0.01
VRN Veren Inc. Reduce -21.1% 0.02% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -15.7% 0.05% −0.01
TECK Teck Resources Ltd.-CLS B Reduce -2.7% 0.16% −0.01
BTE Baytex Energy Corp. Sold out 0.00% −0.01
PBA Pembina Pipeline Corp. Reduce -3.9% 0.96% −0.00
PG The Procter & Gamble Co. Reduce -8.3% 0.04% −0.00
HD Home Depot Inc. Reduce -20.1% 0.03% −0.00

Portfolio Buys Q2 2024 → Q3 2024
TIP iShares Tips Bond ETF Add +311.4% 1.09% +0.82
DFEM Dimensional Emrg MRKT Core Add +51.2% 1.11% +0.36
DHR Danaher Corp. Add +1017.2% 0.38% +0.35
TD Toronto-Dominion Bank Add +1.4% 4.58% +0.31
RY Royal Bank of Canada Add +1.4% 6.25% +0.31
ENB Enbridge Inc. Add +0.7% 3.24% +0.23
BAM Brookfield Asset Mgmt-A Add +1.8% 1.53% +0.20
BN Brookfield Corp. Add +2.1% 1.52% +0.19
MCD McDonald's Corp. Add +0.6% 1.61% +0.18
MA Mastercard Inc. Class A Add +6.8% 1.08% +0.12
UNH Unitedhealth Group Inc. Add +4.2% 1.09% +0.12
FTS Fortis Inc. Add +3.4% 1.29% +0.12
AFL Aflac Inc. Add +2.4% 0.72% +0.11
BCE Bce Inc. Add +7.1% 1.35% +0.11
SBUX Starbucks Corp. Add +2.6% 0.50% +0.11
JD Jd.com Inc.-ADR Add +63.4% 0.17% +0.10
RTX RTX Corp. Add +2.1% 0.67% +0.10
AMZN Amazon.com Inc. Add +154.6% 0.18% +0.10
WMT Walmart Inc. Add +1.4% 1.25% +0.09
ETN Eaton Corp. PLC New 0.09% +0.09
SHOP Shopify Inc. Class A Add +216.9% 0.12% +0.08
ILMN Illumina Inc. Add +49.4% 0.22% +0.08
VGLT Vanguard Long-Term Treasury New 0.08% +0.08
DUK Duke Energy Corp. Add +1.1% 1.45% +0.08
AVGO Broadcom Inc. New 0.07% +0.07
NDAQ Nasdaq Inc. Add +30.4% 0.25% +0.07
SLF Sun Life Financial Inc. Add +0.2% 0.96% +0.07
LRCX Lam Research Corp. New 0.07% +0.07
NKE Nike Inc. Class B Add +2.7% 0.50% +0.07
PLTR Palantir Technologies Inc. Class A Add +51.6% 0.16% +0.07
NVDA Nvidia Corp. Add +106.3% 0.18% +0.07
NGG National Grid PLC-SP ADR Add +0.1% 1.17% +0.06
BMO Bank of Montreal Add +2.6% 3.36% +0.06
WAT Waters Corp. Add +16.3% 0.24% +0.06
ADP Automatic Data Processing Add +62.4% 0.13% +0.06
BXP BXP Inc. Add +7.6% 0.24% +0.05
RCI Rogers Communications Inc. Class B Add +3.6% 1.10% +0.04
SNY Sanofi-ADR Add +0.5% 1.03% +0.04
AEP American Electric Power Add +2.4% 0.49% +0.04
SAP Sap SE-Sponsored ADR Add +0.1% 1.15% +0.04
NEE Nextera Energy Inc. Add +59.3% 0.08% +0.03
OTEX Open Text Corp. Add +7.7% 0.61% +0.03
ONON On Holding AG Class A Add +2.2% 0.14% +0.03
GIB Cgi Inc. Add +20.3% 0.15% +0.03
BKNG Booking Holdings Inc. Add +28.1% 0.15% +0.03
UL Unilever PLC Add +0.8% 0.34% +0.02
BIL SS SPDR BB 1-3M T-Bill ETF Add +25.9% 0.11% +0.01
XYZ Block Inc. Add +21.9% 0.10% +0.01
TRI Thomson Reuters Corp. Add +9.1% 0.35% +0.01
MMM 3M Co. Add +7.1% 0.03% +0.01

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