Guardian Capital LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Guardian Capital LP reported 126 stock positions worth $2.7 billion. Its top holding was Bank of Montreal (BMO) at 8.1% of the portfolio, followed by Royal Bank of Canada (RY, 7.3%) and Open Text (OTEX, 4.6%). Compared with Q1 2024, it opened 6 new positions, sold out of 27, added to 43 and reduced 63. The biggest buy was Agnico Eagle Mines (AEM, shares +3%) and the biggest sale an exit from Celestica (CLS).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001224324
- Portfolio Value
- $2.7B (Q2 2024)
- SEC Filing
- 0001062993-24-014911 ↗ filed Aug 13, 2024
Holdings Value
Holdings 126 stocks · $2.7B
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 8.12% | 2,565,324 | $215.3M | Reduce -2.6% |
| RY Royal Bank of Canada | 7.34% | 1,829,309 | $194.7M | Reduce -0.7% |
| OTEX Open Text Corp. | 4.64% | 4,094,402 | $122.9M | Add +22.8% |
| CNQ Canadian Natural Resources | 4.60% | 3,426,936 | $122.0M | Reduce -14.2% |
| SU Suncor Energy Inc. | 3.93% | 2,735,328 | $104.2M | Reduce -10.6% |
| BN Brookfield Corp. | 3.55% | 2,264,087 | $94.1M | Reduce -2.8% |
| AEM Agnico Eagle Mines Ltd. | 3.45% | 1,398,039 | $91.4M | Add +3.4% |
| QSR Restaurant Brands Intern | 3.36% | 1,263,100 | $89.0M | Add +22.6% |
| CP Canadian Pacific Kansas City | 2.84% | 957,032 | $75.4M | Reduce -4.5% |
| TU Telus Corp. | 2.75% | 4,809,244 | $72.8M | Reduce -12.3% |
| GIB Cgi Inc. | 2.66% | 706,330 | $70.5M | Reduce -4.2% |
| MSFT Microsoft Corp. | 2.31% | 136,776 | $61.1M | Add +2.0% |
| AAPL Apple Inc. | 1.91% | 239,821 | $50.5M | Reduce -2.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 1.79% | 996,700 | $47.4M | Add +30.3% |
| COST Costco Wholesale Corp. | 1.67% | 51,952 | $44.2M | Add +2.4% |
| AVGO Broadcom Inc. | 1.60% | 26,348 | $42.3M | Reduce -26.3% |
| TD Toronto-Dominion Bank | 1.55% | 747,563 | $41.1M | Reduce -31.6% |
| WPM Wheaton Precious Metals Corp. | 1.42% | 717,288 | $37.6M | Reduce -19.4% |
| ENB Enbridge Inc. | 1.35% | 1,006,284 | $35.8M | Reduce -3.6% |
| CNI Canadian Natl Railway Co. | 1.34% | 300,782 | $35.5M | Add +0.6% |
| FTS Fortis Inc. | 1.32% | 901,978 | $35.0M | Reduce -25.7% |
| CCJ Cameco Corp. | 1.32% | 709,185 | $34.9M | Reduce -15.9% |
| MFC Manulife Financial Corp. | 1.31% | 1,307,281 | $34.8M | Reduce -6.1% |
| TRI Thomson Reuters Corp. | 1.28% | 201,494 | $34.0M | Reduce -7.8% |
| ASML ASML Holding NV-NY Reg SHS | 1.28% | 33,133 | $33.9M | Add +17.0% |
| STN Stantec Inc. | 1.27% | 402,117 | $33.7M | Reduce -3.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.13% | 209,858 | $30.0M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.10% | 159,453 | $29.0M | Add +71.8% |
| WMB Williams Cos Inc. | 1.09% | 677,114 | $28.8M | Reduce -0.5% |
| ACN Accenture PLC Class A | 1.08% | 94,267 | $28.6M | Add +1.2% |
| MA Mastercard Inc. Class A | 1.03% | 61,874 | $27.3M | Reduce -6.5% |
| UNH Unitedhealth Group Inc. | 0.97% | 50,682 | $25.8M | Reduce -9.5% |
| TECK Teck Resources Ltd.-CLS B | 0.96% | 531,000 | $25.4M | Reduce -5.8% |
| MCD McDonald's Corp. | 0.91% | 94,404 | $24.1M | Reduce -1.6% |
| TTE Totalenergies SE -Spon ADR | 0.87% | 345,014 | $23.0M | Reduce -0.5% |
| SHEL Shell PLC-ADR | 0.84% | 309,522 | $22.3M | Reduce -0.4% |
| RSG Republic Services Inc. | 0.81% | 110,068 | $21.4M | Reduce -0.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.80% | 461,767 | $21.1M | Reduce -3.6% |
| JNJ Johnson & Johnson | 0.74% | 133,344 | $19.5M | Add +0.3% |
| PBA Pembina Pipeline Corp. | 0.69% | 492,185 | $18.3M | Reduce -3.4% |
| SLF Sun Life Financial Inc. | 0.69% | 372,280 | $18.3M | Reduce -4.2% |
| WM Waste Management Inc. | 0.69% | 85,455 | $18.2M | Reduce -0.5% |
| HD Home Depot Inc. | 0.65% | 49,971 | $17.2M | Reduce -1.0% |
| B Barrick Gold Corp. | 0.61% | 970,377 | $16.2M | Add +7.7% |
| NTR Nutrien Ltd. | 0.60% | 312,042 | $15.9M | Add +1.2% |
| BEPC Brookfield Renewable Cor-A | 0.56% | 520,614 | $14.7M | Reduce -11.9% |
| RCI Rogers Communications Inc. Class B | 0.55% | 393,898 | $14.6M | Reduce -2.8% |
| GRP.U Granite Real Estate Investme | 0.53% | 284,749 | $14.1M | Add +31.0% |
| BIPC Brookfield Infrastructure-A | 0.48% | 379,253 | $12.8M | Add +36.3% |
| ABBV Abbvie Inc. | 0.48% | 74,285 | $12.7M | Reduce -0.2% |
| APD Air Products & Chemicals Inc. | 0.46% | 47,498 | $12.3M | Reduce -1.1% |
| TRP TC Energy Corp. | 0.43% | 302,177 | $11.5M | Reduce -4.3% |
| EQIX Equinix Inc. | 0.43% | 15,100 | $11.4M | Add +25.8% |
| PG The Procter & Gamble Co. | 0.42% | 67,693 | $11.2M | Reduce -0.4% |
| HIG Hartford Insurance Group Inc. | 0.41% | 109,215 | $11.0M | Reduce -0.6% |
| BKNG Booking Holdings Inc. | 0.41% | 2,762 | $10.9M | Reduce -13.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.40% | 11,764 | $10.6M | Add +7.0% |
| BEP Brookfield Renewable Partner | 0.40% | 425,920 | $10.5M | Reduce -4.1% |
| KVUE Kenvue Inc. | 0.36% | 525,100 | $9.5M | Reduce -3.3% |
| CME Cme Group Inc. | 0.36% | 47,919 | $9.4M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.35% | 319,148 | $9.2M | Add +1023.0% |
| SHOP Shopify Inc. Class A | 0.31% | 125,619 | $8.3M | Add +6.4% |
| UL Unilever PLC | 0.31% | 149,669 | $8.2M | Reduce -0.5% |
| AMGN Amgen Inc. | 0.27% | 23,119 | $7.2M | Add +0.1% |
| CL Colgate-Palmolive Co. | 0.24% | 66,720 | $6.5M | Reduce -0.1% |
| WEC WEC Energy Group Inc. | 0.23% | 77,875 | $6.1M | Reduce -0.6% |
| ITW Illinois Tool Works | 0.22% | 24,190 | $5.7M | Reduce -0.4% |
| EOG EOG Resources Inc. | 0.21% | 44,656 | $5.6M | Reduce -0.5% |
| SNY Sanofi-ADR | 0.21% | 112,497 | $5.5M | Reduce -0.8% |
| VRSK Verisk Analytics Inc. | 0.19% | 18,966 | $5.1M | Add +2.7% |
| NKE Nike Inc. Class B | 0.19% | 66,808 | $5.0M | Add +1.8% |
| MKTX Marketaxess Holdings Inc. | 0.19% | 25,074 | $5.0M | No change |
| NVDA Nvidia Corp. | 0.19% | 40,168 | $5.0M | Reduce -26.3% |
| WCN Waste Connections Inc. | 0.18% | 27,353 | $4.8M | Add +2.4% |
| ADP Automatic Data Processing | 0.18% | 19,851 | $4.7M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.17% | 23,092 | $4.5M | Reduce -6.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.16% | 55,979 | $4.4M | Add +7.1% |
| GOOG Alphabet Inc. Class C | 0.15% | 22,369 | $4.1M | Add +64.2% |
| IMO Imperial Oil Ltd. | 0.15% | 57,689 | $3.9M | No change |
| WAT Waters Corp. | 0.13% | 11,934 | $3.5M | No change |
| PEP Pepsico Inc. | 0.13% | 20,839 | $3.4M | Add +3.8% |
| TXN Texas Instruments Inc. | 0.12% | 16,055 | $3.1M | No change |
| ROP Roper Technologies Inc. | 0.11% | 5,378 | $3.0M | Add +3.3% |
| DSGX The Descartes Systems Grp | 0.11% | 30,348 | $2.9M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.11% | 14,069 | $2.8M | Add +0.5% |
| EMR Emerson Electric Co. | 0.11% | 25,563 | $2.8M | No change |
| ISRG Intuitive Surgical Inc. | 0.10% | 6,182 | $2.8M | Add +251.4% |
| YUMC Yum China Holdings Inc. | 0.10% | 89,090 | $2.7M | Add +16.4% |
| INTU Intuit Inc. | 0.10% | 4,170 | $2.7M | Reduce -40.0% |
| ARM Arm Holdings PLC-ADR | 0.10% | 16,525 | $2.7M | Add +103.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.10% | 33,500 | $2.6M | No change |
| DUK Duke Energy Corp. | 0.10% | 25,766 | $2.6M | No change |
| ILMN Illumina Inc. | 0.09% | 23,063 | $2.4M | No change |
| AXP American Express Co. | 0.09% | 10,388 | $2.4M | No change |
| AFL Aflac Inc. | 0.09% | 26,422 | $2.4M | Reduce -4.3% |
| MGA Magna International Inc. | 0.09% | 55,545 | $2.3M | Add +11.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 21,726 | $2.2M | Reduce -22.0% |
| BAM Brookfield Asset Mgmt-A | 0.08% | 56,401 | $2.1M | Reduce -7.3% |
| RTX RTX Corp. | 0.08% | 20,378 | $2.0M | Reduce -2.9% |
| NOW ServiceNow Inc. | 0.08% | 2,555 | $2.0M | Add +69.5% |
Options reported separately and not counted above: YUMC puts ($352K), NKE puts ($242K), ACN puts ($225K).
Portfolio Sells Q1 2024 → Q2 2024
| CLS Celestica Inc. | Sold out | 0.00% | −1.76 |
| BMO Bank of Montreal | Reduce -2.6% | 8.12% | −0.85 |
| TD Toronto-Dominion Bank | Reduce -31.6% | 1.55% | −0.75 |
| CNQ Canadian Natural Resources | Reduce -14.2% | 4.60% | −0.71 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −0.56 |
| FTS Fortis Inc. | Reduce -25.7% | 1.32% | −0.35 |
| TU Telus Corp. | Reduce -12.3% | 2.75% | −0.32 |
| CP Canadian Pacific Kansas City | Reduce -4.5% | 2.84% | −0.24 |
| GIB Cgi Inc. | Reduce -4.2% | 2.66% | −0.18 |
| BCE Bce Inc. | Reduce -93.3% | 0.01% | −0.17 |
| MA Mastercard Inc. Class A | Reduce -6.5% | 1.03% | −0.08 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.08 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.07 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.07 |
| BNS Bank of Nova Scotia | Reduce -3.6% | 0.80% | −0.07 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.07 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.06 |
| AVGO Broadcom Inc. | Reduce -26.3% | 1.60% | −0.06 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.05 |
| INTU Intuit Inc. | Reduce -40.0% | 0.10% | −0.05 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.05 |
| SLF Sun Life Financial Inc. | Reduce -4.2% | 0.69% | −0.05 |
| ATS Ats Corp. | Sold out | 0.00% | −0.05 |
| CPAY Corpay Inc. | Sold out | 0.00% | −0.05 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.05 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.05 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.05 |
| NSSC Napco Security Technologies | Sold out | 0.00% | −0.05 |
| KVUE Kenvue Inc. | Reduce -3.3% | 0.36% | −0.05 |
| WPM Wheaton Precious Metals Corp. | Reduce -19.4% | 1.42% | −0.04 |
| ADBE Adobe Inc. | Reduce -67.4% | 0.03% | −0.04 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.04 |
| TJX TJX Companies Inc. | Reduce -59.5% | 0.04% | −0.04 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.04 |
| DIS The Walt Disney Co. | Reduce -22.0% | 0.08% | −0.04 |
| MCD McDonald's Corp. | Reduce -1.6% | 0.91% | −0.04 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.03 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.03 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.03 |
| POOL Pool Corp. | Sold out | 0.00% | −0.03 |
| RCI Rogers Communications Inc. Class B | Reduce -2.8% | 0.55% | −0.03 |
| SHW The Sherwin-Williams Co. | Reduce -43.6% | 0.03% | −0.03 |
| HD Home Depot Inc. | Reduce -1.0% | 0.65% | −0.03 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.02 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.02 |
| ITW Illinois Tool Works | Reduce -0.4% | 0.22% | −0.01 |
| TRP TC Energy Corp. | Reduce -4.3% | 0.43% | −0.01 |
| STE Steris PLC | Sold out | 0.00% | −0.01 |
| BAM Brookfield Asset Mgmt-A | Reduce -7.3% | 0.08% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AEM Agnico Eagle Mines Ltd. | Add +3.4% | 3.45% | +0.63 |
| GOOGL Alphabet Inc. Class A | Add +71.8% | 1.10% | +0.61 |
| QSR Restaurant Brands Intern | Add +22.6% | 3.36% | +0.50 |
| CM Can Imperial BK of Commerce | Add +30.3% | 1.79% | +0.43 |
| COST Costco Wholesale Corp. | Add +2.4% | 1.67% | +0.37 |
| MSFT Microsoft Corp. | Add +2.0% | 2.31% | +0.34 |
| IBN Icici Bank Ltd.-Spon ADR | Add +1023.0% | 0.35% | +0.32 |
| ASML ASML Holding NV-NY Reg SHS | Add +17.0% | 1.28% | +0.32 |
| BIPC Brookfield Infrastructure-A | Add +36.3% | 0.48% | +0.13 |
| OTEX Open Text Corp. | Add +22.8% | 4.64% | +0.12 |
| GRP.U Granite Real Estate Investme | Add +31.0% | 0.53% | +0.10 |
| B Barrick Gold Corp. | Add +7.7% | 0.61% | +0.09 |
| EQIX Equinix Inc. | Add +25.8% | 0.43% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +64.2% | 0.15% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +251.4% | 0.10% | +0.08 |
| ARM Arm Holdings PLC-ADR | Add +103.2% | 0.10% | +0.07 |
| META Meta Platforms Inc. Class A | New | 0.06% | +0.06 |
| DHR Danaher Corp. | New | 0.05% | +0.05 |
| AMGN Amgen Inc. | Add +0.1% | 0.27% | +0.04 |
| AZN Astrazeneca PLC-Spons ADR | Add +7.1% | 0.16% | +0.04 |
| VRSK Verisk Analytics Inc. | Add +2.7% | 0.19% | +0.04 |
| LLY Eli Lilly & Co. | Add +100.9% | 0.06% | +0.04 |
| NOW ServiceNow Inc. | Add +69.5% | 0.08% | +0.04 |
| SNPS Synopsys Inc. | Add +86.5% | 0.06% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +133.2% | 0.05% | +0.03 |
| GRID First TRST Nasd Class Edg Sgiif | Add +58.1% | 0.06% | +0.02 |
| WCN Waste Connections Inc. | Add +2.4% | 0.18% | +0.02 |
| PH Parker Hannifin Corp. | Add +142.9% | 0.04% | +0.02 |
| NTR Nutrien Ltd. | Add +1.2% | 0.60% | +0.01 |
| FDS Factset Research Systems Inc. | Add +58.5% | 0.04% | +0.01 |
| ROP Roper Technologies Inc. | Add +3.3% | 0.11% | +0.01 |
| A Agilent Technologies Inc. | Add +69.2% | 0.03% | +0.01 |
| V Visa Inc. Class A | Add +38.4% | 0.04% | +0.01 |
| GWW WW Grainger Inc. | Add +7.0% | 0.40% | +0.01 |
| MSI Motorola Solutions Inc. | New | 0.01% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 0.11% | +0.01 |
| MPWR Monolithic Power Systems Inc. | New | 0.01% | +0.01 |
| PEP Pepsico Inc. | Add +3.8% | 0.13% | +0.01 |
| HCSG Healthcare Services Group | New | 0.00% | +0.00 |
| SBUX Starbucks Corp. | Add +16.0% | 0.07% | +0.00 |
| HL Hecla Mining Co. | New | 0.00% | +0.00 |
| ESMV iShares ESG Optimized MSCI U | Add +1.0% | 0.05% | +0.00 |
| JNJ Johnson & Johnson | Add +0.3% | 0.74% | +0.00 |
| YUMC Yum China Holdings Inc. | Add +16.4% | 0.10% | −0.00 |
| SHOP Shopify Inc. Class A | Add +6.4% | 0.31% | −0.00 |
| MGA Magna International Inc. | Add +11.0% | 0.09% | −0.01 |
| NKE Nike Inc. Class B | Add +1.8% | 0.19% | −0.03 |
| CNI Canadian Natl Railway Co. | Add +0.6% | 1.34% | −0.03 |
| ACN Accenture PLC Class A | Add +1.2% | 1.08% | −0.05 |
Options Activity Q1 2024 → Q2 2024
| YUMC Yum China Holdings Inc. | put | Reduce -10.8% | 232 | $352K |
| NKE Nike Inc. Class B | put | New | 116 | $242K |
| ACN Accenture PLC Class A | put | New | 52 | $225K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 159 | $4.1B | RY, CNQ, TD, GIB, BN |
| Q1 2026 | 160 | $3.8B | RY, CNQ, AEM, TD, SU |
| Q4 2025 | 160 | $3.4B | RY, AEM, TD, BN, OTEX |
| Q3 2025 | 152 | $3.1B | RY, BMO, AEM, OTEX, BN |
| Q2 2025 | 139 | $2.8B | BMO, RY, OTEX, AEM, BN |
| Q1 2025 | 132 | $2.5B | BMO, RY, AEM, OTEX, BN |
| Q4 2024 | 125 | $2.7B | BMO, RY, OTEX, BN, AEM |
| Q3 2024 | 125 | $2.7B | RY, BMO, OTEX, BN, AEM |
| Q2 2024 | 126 | $2.7B | BMO, RY, OTEX, CNQ, SU |
| Q1 2024 | 147 | $2.9B | BMO, RY, CNQ, OTEX, SU |