Guardian Capital LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Guardian Capital LP reported 160 stock positions worth $3.8 billion. Its top holding was Royal Bank of Canada (RY) at 7.3% of the portfolio, followed by Canadian Natural Resources (CNQ, 4.4%) and Agnico Eagle Mines (AEM, 4.4%). Compared with Q4 2025, it opened 6 new positions, sold out of 6, added to 89 and reduced 52. The biggest buy was a new position in Mda Space (MDA) and the biggest sale Royal Bank of Canada (RY, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001224324
- Portfolio Value
- $3.8B (Q1 2026)
- SEC Filing
- 0001062993-26-002683 ↗ filed May 15, 2026
Holdings Value
Holdings 160 stocks · $3.8B
| RY Royal Bank of Canada | 7.28% | 1,707,110 | $275.1M | Reduce -3.4% |
| CNQ Canadian Natural Resources | 4.44% | 3,453,521 | $167.9M | Add +4.3% |
| AEM Agnico Eagle Mines Ltd. | 4.38% | 818,770 | $165.7M | Reduce -20.1% |
| TD Toronto-Dominion Bank | 3.21% | 1,301,737 | $121.2M | Reduce -1.4% |
| SU Suncor Energy Inc. | 3.12% | 1,791,267 | $118.1M | Reduce -9.9% |
| BN Brookfield Corp. | 2.94% | 2,751,807 | $111.2M | Add +4.2% |
| GIB Cgi Inc. | 2.74% | 1,422,593 | $103.7M | Add +10.1% |
| OTEX Open Text Corp. | 2.69% | 4,570,672 | $101.5M | Add +23.0% |
| CP Canadian Pacific Kansas City | 2.54% | 1,222,910 | $95.9M | Reduce -0.6% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 2.43% | 680,673 | $91.9M | Reduce -0.0% |
| MDA Mda Space Ltd. | 2.38% | 3,557,734 | $89.8M | New |
| AAPL Apple Inc. | 2.25% | 334,688 | $84.9M | Add +17.9% |
| BGSI Boyd Group Services Inc. | 2.08% | 616,641 | $78.5M | Add +37.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 2.06% | 823,115 | $77.8M | Reduce -12.5% |
| QSR Restaurant Brands Intern | 1.91% | 979,526 | $72.3M | Add +11.1% |
| AVGO Broadcom Inc. | 1.84% | 224,938 | $69.6M | Add +22.6% |
| ENB Enbridge Inc. | 1.77% | 1,240,899 | $67.0M | Reduce -7.5% |
| GIL Gildan Activewear Inc. | 1.76% | 1,199,037 | $66.6M | Reduce -1.8% |
| MSFT Microsoft Corp. | 1.72% | 175,523 | $65.0M | Add +19.8% |
| COST Costco Wholesale Corp. | 1.71% | 64,856 | $64.6M | Add +15.8% |
| SHOP Shopify Inc. Class A | 1.64% | 523,837 | $62.0M | Add +1074.8% |
| WMB Williams Cos Inc. | 1.60% | 830,532 | $60.4M | Add +12.5% |
| GOOGL Alphabet Inc. Class A | 1.51% | 198,064 | $57.0M | Add +23.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.33% | 38,123 | $50.4M | Add +3.7% |
| MFC Manulife Financial Corp. | 1.33% | 1,465,476 | $50.3M | Reduce -3.4% |
| TTE Totalenergies SE | 1.33% | 551,137 | $50.1M | Add +2.3% |
| WPM Wheaton Precious Metals Corp. | 1.18% | 339,568 | $44.4M | Add +2.2% |
| CNI Canadian Natl Railway Co. | 1.14% | 421,409 | $43.2M | Add +5.6% |
| TECK Teck Resources Ltd.-CLS B | 1.13% | 831,598 | $42.9M | Reduce -7.7% |
| MCD McDonald's Corp. | 1.12% | 135,886 | $42.2M | Add +9.9% |
| FTS Fortis Inc. | 1.10% | 744,877 | $41.4M | Add +1.0% |
| JNJ Johnson & Johnson | 1.02% | 158,358 | $38.7M | Add +10.8% |
| B Barrick Mining Corp. | 0.92% | 851,294 | $34.7M | Reduce -5.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.90% | 493,081 | $34.1M | Reduce -0.7% |
| AZN Astrazeneca PLC | 0.89% | 170,252 | $33.6M | Add +420.1% |
| EQIX Equinix Inc. | 0.85% | 32,961 | $32.3M | Add +19.0% |
| STN Stantec Inc. | 0.84% | 366,389 | $31.6M | Add +24.3% |
| SHEL Shell PLC-ADR | 0.83% | 337,067 | $31.3M | Add +3.7% |
| META Meta Platforms Inc. Class A | 0.80% | 52,977 | $30.3M | Add +34.6% |
| MA Mastercard Inc. Class A | 0.78% | 59,371 | $29.7M | Add +2.7% |
| SLF Sun Life Financial Inc. | 0.78% | 470,211 | $29.4M | Add +0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.77% | 182,379 | $29.1M | Add +23.4% |
| RSG Republic Services Inc. | 0.76% | 131,982 | $28.9M | Add +12.1% |
| RCI Rogers Communications Inc. Class B | 0.75% | 737,820 | $28.3M | Add +17.6% |
| HIG Hartford Insurance Group Inc. | 0.68% | 188,835 | $25.5M | Add +20.2% |
| BIP Brookfield Infrastructure Pa | 0.67% | 705,360 | $25.4M | Add +15.3% |
| WM Waste Management Inc. | 0.64% | 105,388 | $24.2M | Add +15.3% |
| NTR Nutrien Ltd. | 0.59% | 297,949 | $22.4M | Reduce -43.4% |
| ABBV Abbvie Inc. | 0.57% | 98,560 | $21.4M | Add +23.7% |
| PH Parker Hannifin Corp. | 0.54% | 22,720 | $20.3M | Add +44.8% |
| PBA Pembina Pipeline Corp. | 0.53% | 445,859 | $19.9M | Reduce -0.1% |
| NVDA Nvidia Corp. | 0.52% | 112,438 | $19.6M | Add +139.1% |
| HD Home Depot Inc. | 0.51% | 58,407 | $19.2M | Add +21.5% |
| TRP TC Energy Corp. | 0.47% | 282,852 | $17.6M | Reduce -0.2% |
| APH Amphenol Corp. Class A | 0.43% | 129,747 | $16.4M | Add +563.8% |
| ORCL Oracle Corp. | 0.42% | 108,268 | $15.9M | Add +21.6% |
| WEC WEC Energy Group Inc. | 0.42% | 137,339 | $15.9M | Add +41.6% |
| BAM Brookfield Asset Mgmt-A | 0.42% | 358,646 | $15.9M | Add +781.2% |
| DRI Darden Restaurants Inc. | 0.42% | 80,875 | $15.9M | Add +21.6% |
| GRTUF Granite Real Estate Investme | 0.42% | 268,462 | $15.7M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 0.40% | 71,770 | $14.9M | Add +153.1% |
| LLY Eli Lilly & Co. | 0.39% | 15,980 | $14.7M | Add +37.6% |
| GWW WW Grainger Inc. | 0.38% | 13,040 | $14.2M | Add +17.1% |
| MSI Motorola Solutions Inc. | 0.37% | 31,945 | $13.9M | Add +25.7% |
| DSGX The Descartes Systems Grp | 0.36% | 190,877 | $13.6M | Add +26.8% |
| IBN Icici Bank Ltd.-Spon ADR | 0.36% | 525,324 | $13.6M | Add +9.8% |
| JPM JPMorgan Chase & Co. | 0.33% | 42,166 | $12.4M | Add +148.3% |
| APD Air Products & Chemicals Inc. | 0.31% | 40,801 | $11.9M | Add +57.4% |
| BIPC Brookfield Infrastructure-A | 0.31% | 300,774 | $11.8M | Reduce -1.0% |
| ITW Illinois Tool Works | 0.31% | 44,452 | $11.6M | Add +66.6% |
| AMGN Amgen Inc. | 0.30% | 32,299 | $11.4M | Add +30.4% |
| VST Vistra Corp. | 0.29% | 72,588 | $10.9M | Add +793.8% |
| PG The Procter & Gamble Co. | 0.27% | 71,810 | $10.4M | Reduce -1.8% |
| HBM Hudbay Minerals Inc. | 0.25% | 453,764 | $9.5M | Reduce -24.6% |
| UL Unilever PLC-Sponsored ADR | 0.22% | 145,046 | $8.3M | Add +3.1% |
| CME Cme Group Inc. | 0.21% | 27,200 | $8.0M | Reduce -30.4% |
| BKNG Booking Holdings Inc. | 0.20% | 1,822 | $7.7M | Add +17.5% |
| AFL Aflac Inc. | 0.18% | 60,890 | $6.7M | Add +112.0% |
| CVE Cenovus Energy Inc. | 0.17% | 239,597 | $6.3M | No change |
| VRT Vertiv Holdings Co. Class A | 0.17% | 25,034 | $6.3M | Add +103.5% |
| YUMC Yum China Holdings Inc. | 0.16% | 124,615 | $6.1M | Reduce -19.0% |
| SNY Sanofi-ADR | 0.16% | 125,277 | $6.0M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 0.15% | 19,558 | $5.6M | Add +2.0% |
| V Visa Inc. Class A | 0.15% | 18,371 | $5.6M | Add +202.0% |
| OSK Oshkosh Corp. | 0.14% | 37,227 | $5.5M | No change |
| ISRG Intuitive Surgical Inc. | 0.14% | 11,732 | $5.4M | Add +61.6% |
| LRCX Lam Research Corp. | 0.14% | 24,593 | $5.3M | Add +1382.4% |
| UNH Unitedhealth Group Inc. | 0.14% | 19,322 | $5.2M | Reduce -13.8% |
| EMR Emerson Electric Co. | 0.14% | 39,360 | $5.2M | Add +34.4% |
| EQX Equinox Gold Corp. | 0.14% | 357,019 | $5.1M | No change |
| NKE Nike Inc. Class B | 0.13% | 96,161 | $5.1M | Reduce -8.2% |
| CVX Chevron Corp. | 0.13% | 23,454 | $4.9M | Add +27.1% |
| ADI Analog Devices Inc. | 0.11% | 13,285 | $4.2M | New |
| CB Chubb Ltd. | 0.11% | 12,910 | $4.2M | Add +370.3% |
| NFLX Netflix Inc. | 0.11% | 43,485 | $4.2M | Add +279.7% |
| DUK Duke Energy Corp. | 0.11% | 30,966 | $4.1M | Add +8.4% |
| CL Colgate-Palmolive Co. | 0.11% | 46,900 | $4.0M | Reduce -23.7% |
| MPWR Monolithic Power Systems Inc. | 0.10% | 3,615 | $4.0M | Add +522.2% |
| RTX RTX Corp. | 0.10% | 19,735 | $3.8M | Reduce -4.3% |
| TXN Texas Instruments Inc. | 0.10% | 18,971 | $3.7M | Reduce -1.0% |
Options reported separately and not counted above: UNITEDHEALTH GROUP INC puts ($269K), MASTERCARD INCORPORATED puts ($228K), MICROSOFT CORP puts ($209K), ACCENTURE PLC IRELAND puts ($189K), NIKE INC puts ($189K), BOOKING HOLDINGS INC puts ($177K), YUM CHINA HLDGS INC puts ($168K), ADOBE INC puts ($163K), CME GROUP INC puts ($129K), VERISK ANALYTICS INC puts ($107K), AUTOMATIC DATA PROCESSING IN puts ($83K), COLGATE PALMOLIVE CO puts ($74K), and 5 more.
Portfolio Sells Q4 2025 → Q1 2026
| RY Royal Bank of Canada | Reduce -3.4% | 7.28% | −1.67 |
| TU Telus Corp. | Reduce -95.2% | 0.04% | −1.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -20.1% | 4.38% | −0.77 |
| GIL Gildan Activewear Inc. | Reduce -1.8% | 1.76% | −0.50 |
| TD Toronto-Dominion Bank | Reduce -1.4% | 3.21% | −0.49 |
| CM Can Imperial BK of Commerce | Reduce -12.5% | 2.06% | −0.47 |
| NTR Nutrien Ltd. | Reduce -43.4% | 0.59% | −0.37 |
| MFC Manulife Financial Corp. | Reduce -3.4% | 1.33% | −0.31 |
| B Barrick Mining Corp. | Reduce -5.1% | 0.92% | −0.24 |
| BMO Bank of Montreal | Reduce -0.0% | 2.43% | −0.19 |
| BNS Bank of Nova Scotia | Reduce -0.7% | 0.90% | −0.19 |
| CP Canadian Pacific Kansas City | Reduce -0.6% | 2.54% | −0.15 |
| TECK Teck Resources Ltd.-CLS B | Reduce -7.7% | 1.13% | −0.15 |
| ENB Enbridge Inc. | Reduce -7.5% | 1.77% | −0.13 |
| WAT Waters Corp. | Sold out | 0.00% | −0.12 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.11 |
| HBM Hudbay Minerals Inc. | Reduce -24.6% | 0.25% | −0.10 |
| CME Cme Group Inc. | Reduce -30.4% | 0.21% | −0.10 |
| BIPC Brookfield Infrastructure-A | Reduce -1.0% | 0.31% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -13.8% | 0.14% | −0.08 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -55.6% | 0.03% | −0.06 |
| NKE Nike Inc. Class B | Reduce -8.2% | 0.13% | −0.06 |
| INTU Intuit Inc. | Reduce -29.8% | 0.04% | −0.06 |
| GRTUF Granite Real Estate Investme | Reduce -0.6% | 0.42% | −0.06 |
| YUMC Yum China Holdings Inc. | Reduce -19.0% | 0.16% | −0.06 |
| ACN Accenture PLC Class A | Reduce -20.6% | 0.06% | −0.05 |
| VRSK Verisk Analytics Inc. | Reduce -21.8% | 0.07% | −0.05 |
| TFII Tfi International Inc. | Reduce -40.0% | 0.06% | −0.05 |
| MKTX Marketaxess Holdings Inc. | Reduce -22.8% | 0.08% | −0.05 |
| ILMN Illumina Inc. | Reduce -20.6% | 0.09% | −0.04 |
| ADP Automatic Data Processing | Reduce -22.6% | 0.05% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -23.7% | 0.11% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.27% | −0.04 |
| MGA Magna International Inc. | Reduce -25.6% | 0.08% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -41.3% | 0.08% | −0.03 |
| ALC Alcon Inc. | Reduce -20.4% | 0.06% | −0.03 |
| IMO Imperial Oil Ltd. | Reduce -39.9% | 0.09% | −0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -40.8% | 0.01% | −0.01 |
| RTX RTX Corp. | Reduce -4.3% | 0.10% | −0.01 |
| AQN Algonquin Power & Utilities | Reduce -72.7% | 0.00% | −0.01 |
| DECK Deckers Outdoor Corp. | Reduce -27.0% | 0.02% | −0.01 |
| CRH CRH PLC | Reduce -3.3% | 0.02% | −0.01 |
| ICLN iShares Global Clean Energy | Reduce -13.0% | 0.04% | −0.01 |
| JXI iShares Global Utilities ETF | Reduce -8.0% | 0.06% | −0.01 |
| IBAT iShares Energy STRG Mats ETF | Reduce -14.9% | 0.04% | −0.00 |
| ATS Ats Corp. | Reduce -0.2% | 0.03% | −0.00 |
| PEP Pepsico Inc. | Reduce -33.1% | 0.01% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -9.5% | 0.02% | −0.00 |
| AMBP Ardagh Metal Packaging SA | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| MDA Mda Space Ltd. | New | 2.38% | +2.38 |
| SHOP Shopify Inc. Class A | Add +1074.8% | 1.64% | +1.43 |
| CNQ Canadian Natural Resources | Add +4.3% | 4.44% | +1.11 |
| AZN Astrazeneca PLC | Add +420.1% | 0.89% | +0.71 |
| BAM Brookfield Asset Mgmt-A | Add +781.2% | 0.42% | +0.36 |
| APH Amphenol Corp. Class A | Add +563.8% | 0.43% | +0.36 |
| WMB Williams Cos Inc. | Add +12.5% | 1.60% | +0.28 |
| TTE Totalenergies SE | Add +2.3% | 1.33% | +0.28 |
| COST Costco Wholesale Corp. | Add +15.8% | 1.71% | +0.28 |
| NVDA Nvidia Corp. | Add +139.1% | 0.52% | +0.26 |
| VST Vistra Corp. | Add +793.8% | 0.29% | +0.25 |
| EQIX Equinix Inc. | Add +19.0% | 0.85% | +0.23 |
| AMZN Amazon.com Inc. | Add +153.1% | 0.40% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +148.3% | 0.33% | +0.17 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.7% | 1.33% | +0.17 |
| JNJ Johnson & Johnson | Add +10.8% | 1.02% | +0.15 |
| LRCX Lam Research Corp. | Add +1382.4% | 0.14% | +0.13 |
| PH Parker Hannifin Corp. | Add +44.8% | 0.54% | +0.13 |
| QSR Restaurant Brands Intern | Add +11.1% | 1.91% | +0.13 |
| APD Air Products & Chemicals Inc. | Add +57.4% | 0.31% | +0.12 |
| SHEL Shell PLC-ADR | Add +3.7% | 0.83% | +0.12 |
| WEC WEC Energy Group Inc. | Add +41.6% | 0.42% | +0.12 |
| ADI Analog Devices Inc. | New | 0.11% | +0.11 |
| ITW Illinois Tool Works | Add +66.6% | 0.31% | +0.11 |
| VRT Vertiv Holdings Co. Class A | Add +103.5% | 0.17% | +0.11 |
| TJX TJX Companies Inc. | Add +23.4% | 0.77% | +0.10 |
| MPWR Monolithic Power Systems Inc. | Add +522.2% | 0.10% | +0.09 |
| CB Chubb Ltd. | Add +370.3% | 0.11% | +0.09 |
| V Visa Inc. Class A | Add +202.0% | 0.15% | +0.08 |
| AFL Aflac Inc. | Add +112.0% | 0.18% | +0.08 |
| ALLE Allegion PLC | New | 0.08% | +0.08 |
| NFLX Netflix Inc. | Add +279.7% | 0.11% | +0.08 |
| MSI Motorola Solutions Inc. | Add +25.7% | 0.37% | +0.08 |
| WMT Walmart Inc. | Add +967.0% | 0.07% | +0.07 |
| SHW The Sherwin-Williams Co. | Add +249.9% | 0.10% | +0.06 |
| AMGN Amgen Inc. | Add +30.4% | 0.30% | +0.06 |
| DRI Darden Restaurants Inc. | Add +21.6% | 0.42% | +0.06 |
| GBX Greenbrier Companies Inc. | New | 0.05% | +0.05 |
| RCI Rogers Communications Inc. Class B | Add +17.6% | 0.75% | +0.05 |
| CVX Chevron Corp. | Add +27.1% | 0.13% | +0.04 |
| WM Waste Management Inc. | Add +15.3% | 0.64% | +0.04 |
| GWW WW Grainger Inc. | Add +17.1% | 0.38% | +0.04 |
| BIP Brookfield Infrastructure Pa | Add +15.3% | 0.67% | +0.04 |
| AME Ametek Inc. | Add +277.4% | 0.05% | +0.04 |
| MCO Moody's Corp. | Add +157.5% | 0.07% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +112.8% | 0.09% | +0.04 |
| CDNS Cadence Design SYS Inc. | Add +99.6% | 0.10% | +0.04 |
| HIG Hartford Insurance Group Inc. | Add +20.2% | 0.68% | +0.03 |
| META Meta Platforms Inc. Class A | Add +34.6% | 0.80% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +110.0% | 0.09% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| UNITEDHEALTH GROUP INC | put | Reduce -8.9% | 4,100 | $269K |
| MASTERCARD INCORPORATED | put | Reduce -22.2% | 2,800 | $228K |
| MICROSOFT CORP | put | Reduce -24.3% | 2,800 | $209K |
| ACCENTURE PLC IRELAND | put | Reduce -19.5% | 3,300 | $189K |
| NIKE INC | put | Reduce -17.8% | 15,700 | $189K |
| BOOKING HOLDINGS INC | put | Reduce -25.0% | 300 | $177K |
| YUM CHINA HLDGS INC | put | Reduce -15.7% | 37,200 | $168K |
| ADOBE INC | put | Add +16.0% | 2,900 | $163K |
| CME GROUP INC | put | Reduce -25.0% | 8,700 | $129K |
| VERISK ANALYTICS INC | put | Add +41.9% | 4,400 | $107K |
| AUTOMATIC DATA PROCESSING IN | put | Reduce -20.0% | 2,800 | $83K |
| COLGATE PALMOLIVE CO | put | Reduce -19.7% | 14,700 | $74K |
| MARKETAXESS HLDGS INC | put | Reduce -18.8% | 5,600 | $65K |
| ILLUMINA INC | put | Reduce -17.5% | 8,000 | $16K |
| HOME DEPOT INC | put | Reduce -60.0% | 200 | $14K |
| APPLE INC | put | Reduce -68.4% | 600 | $13K |
| WATERS CORP | put | Sold out | 3,400 | $4Kbefore exit |
| PEPSICO INC | put | Reduce -50.0% | 300 | $4K |
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 |