Guardian Partners Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Guardian Partners Inc. reported 169 stock positions worth $967.6 million. Its top holding was Royal Bank of Canada (RY) at 5.7% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.1%) and Enbridge (ENB, 3.5%). Compared with Q4 2024, it opened 13 new positions, sold out of 9, added to 44 and reduced 93. The biggest buy was SS Financial Select Sector (XLF, shares +5046%) and the biggest sale Invesco KBW Bank ETF (KBWB, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, Z4
- CIK
- 0001884799
- Portfolio Value
- $967.6M (Q1 2025)
- SEC Filing
- 0001062993-25-009577 ↗ filed May 16, 2025
Holdings Value
Holdings 169 stocks · $967.6M
| RY Royal Bank of Canada | 5.66% | 481,621 | $54.8M | Reduce -3.9% |
| TD Toronto-Dominion Bank | 4.13% | 671,207 | $40.0M | Reduce -5.1% |
| ENB Enbridge Inc. | 3.51% | 772,545 | $34.0M | Reduce -2.1% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.28% | 349,913 | $31.8M | Reduce -7.3% |
| XLF SS Financial Select Sector | 3.12% | 631,816 | $30.2M | Add +5045.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 3.05% | 631,738 | $29.5M | Add +3.6% |
| MSFT Microsoft Corp. | 2.53% | 65,305 | $24.4M | Reduce -9.6% |
| CNI Canadian Natl Railway Co. | 2.29% | 234,478 | $22.1M | Add +2.3% |
| JPM JPMorgan Chase & Co. | 2.26% | 90,917 | $21.9M | Reduce -3.9% |
| GDX Vaneck Gold Miners ETF | 1.97% | 391,334 | $19.1M | New |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.94% | 323,443 | $18.8M | Reduce -4.3% |
| AAPL Apple Inc. | 1.87% | 88,554 | $18.1M | Reduce -3.1% |
| NTR Nutrien Ltd. | 1.76% | 331,703 | $17.0M | Add +8.7% |
| MCD McDonald's Corp. | 1.75% | 53,146 | $16.9M | Reduce -0.7% |
| BAM Brookfield Asset Mgmt-A | 1.60% | 317,177 | $15.5M | Reduce -1.6% |
| DUK Duke Energy Corp. | 1.57% | 125,009 | $15.2M | Reduce -0.0% |
| RING iShares MSCI Global Gold Min | 1.54% | 366,100 | $14.9M | New |
| CNQ Canadian Natural Resources | 1.54% | 533,520 | $14.9M | Reduce -6.2% |
| JNJ Johnson & Johnson | 1.51% | 94,030 | $14.6M | Reduce -1.1% |
| ING ING Groep N.V.-Sponsored ADR | 1.48% | 729,274 | $14.3M | Reduce -1.9% |
| EWJV iShares MSCI Japan Value ETF | 1.45% | 417,830 | $14.0M | Add +10.9% |
| FTS Fortis Inc. | 1.44% | 298,308 | $13.9M | Add +2.3% |
| BN Brookfield Corp. | 1.42% | 279,100 | $13.7M | Reduce -0.6% |
| EMR Emerson Electric Co. | 1.36% | 130,660 | $13.2M | Reduce -0.1% |
| SAP Sap SE-Sponsored ADR | 1.36% | 48,551 | $13.2M | Reduce -4.2% |
| WMT Walmart Inc. | 1.36% | 138,660 | $13.2M | Reduce -6.1% |
| PEP Pepsico Inc. | 1.30% | 88,478 | $12.6M | Add +0.7% |
| NGG National Grid PLC-SP ADR | 1.26% | 170,671 | $12.2M | Add +0.5% |
| TU Telus Corp. | 1.25% | 831,475 | $12.1M | Reduce -6.2% |
| MA Mastercard Inc. Class A | 1.21% | 22,167 | $11.7M | Reduce -1.9% |
| DFEM Dimensional Emrg MRKT Core | 1.11% | 421,428 | $10.8M | Add +5.4% |
| IMO Imperial Oil Ltd. | 1.09% | 162,372 | $10.5M | Reduce -1.3% |
| SNY Sanofi-ADR | 1.01% | 183,485 | $9.7M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 1.00% | 9,929 | $9.7M | Reduce -4.2% |
| CVX Chevron Corp. | 0.97% | 68,335 | $9.3M | Reduce -0.8% |
| TIP iShares Tips Bond ETF | 0.96% | 84,695 | $9.2M | Add +17.4% |
| SU Suncor Energy Inc. | 0.94% | 270,084 | $9.1M | Add +0.3% |
| SLF Sun Life Financial Inc. | 0.93% | 161,604 | $9.0M | Reduce -0.8% |
| PBA Pembina Pipeline Corp. | 0.91% | 240,350 | $8.8M | Add +5.4% |
| TRP TC Energy Corp. | 0.87% | 178,570 | $8.4M | Reduce -1.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.82% | 128,738 | $7.9M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 0.80% | 49,679 | $7.7M | Reduce -18.6% |
| TTE Totalenergies SE -Spon ADR | 0.78% | 129,358 | $7.6M | Add +1.7% |
| RCI Rogers Communications Inc. Class B | 0.76% | 303,510 | $7.3M | Add +8.3% |
| AXP American Express Co. | 0.75% | 27,837 | $7.2M | Reduce -3.1% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.72% | 576,015 | $7.0M | Reduce -1.6% |
| AFL Aflac Inc. | 0.71% | 63,703 | $6.9M | Reduce -2.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.70% | 43,026 | $6.8M | Reduce -3.4% |
| RTX RTX Corp. | 0.69% | 55,766 | $6.7M | Add +0.9% |
| UNH Unitedhealth Group Inc. | 0.66% | 14,883 | $6.4M | Reduce -21.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.64% | 11,582 | $6.2M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.64% | 40,722 | $6.2M | Reduce -2.1% |
| MGA Magna International Inc. | 0.63% | 188,825 | $6.1M | Add +4.9% |
| AEM Agnico Eagle Mines Ltd. | 0.60% | 50,487 | $5.8M | Reduce -4.3% |
| ORCL Oracle Corp. | 0.56% | 40,871 | $5.4M | Reduce -3.0% |
| DXJ Wisdomtree Japan Hedged Eq | 0.55% | 50,592 | $5.3M | Add +1136.4% |
| MFC Manulife Financial Corp. | 0.53% | 179,891 | $5.2M | Reduce -6.4% |
| OTEX Open Text Corp. | 0.53% | 203,426 | $5.1M | Add +9.5% |
| DEO Diageo PLC-Sponsored ADR | 0.52% | 45,437 | $5.0M | Reduce -4.1% |
| AEP American Electric Power | 0.52% | 47,095 | $5.0M | Reduce -0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.52% | 13,888 | $5.0M | Reduce -64.1% |
| BCE Bce Inc. | 0.50% | 226,579 | $4.9M | Reduce -28.6% |
| BHP BHP Group Ltd.-Spon ADR | 0.50% | 100,087 | $4.8M | Add +2.0% |
| XLE SS Energy Select Sector | 0.50% | 58,990 | $4.8M | New |
| ABCL Abcellera Biologics Inc. | 0.47% | 1,786,414 | $4.5M | No change |
| LLY Eli Lilly & Co. | 0.46% | 5,417 | $4.5M | Add +29.4% |
| SBUX Starbucks Corp. | 0.44% | 51,903 | $4.3M | Reduce -1.5% |
| QCOM Qualcomm Inc. | 0.44% | 30,083 | $4.2M | Reduce -2.4% |
| NKE Nike Inc. Class B | 0.42% | 70,378 | $4.0M | Reduce -4.4% |
| WFC Wells Fargo & Co. | 0.40% | 57,347 | $3.9M | Reduce -3.3% |
| KBWB Invesco KBW Bank ETF | 0.39% | 64,801 | $3.8M | Reduce -76.5% |
| CME Cme Group Inc. | 0.38% | 14,215 | $3.7M | Reduce -9.9% |
| TRI Thomson Reuters Corp. | 0.38% | 21,021 | $3.7M | Add +0.5% |
| PFE Pfizer Inc. | 0.34% | 146,711 | $3.3M | Add +14.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.33% | 46,977 | $3.2M | Reduce -1.2% |
| UL Unilever PLC | 0.33% | 49,959 | $3.2M | Reduce -1.3% |
| NDAQ Nasdaq Inc. | 0.30% | 40,125 | $2.9M | Add +4.2% |
| INTU Intuit Inc. | 0.30% | 4,820 | $2.9M | Add +1.9% |
| DHR Danaher Corp. | 0.30% | 14,573 | $2.9M | Reduce -17.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 32,010 | $2.8M | Add +2.0% |
| WCN Waste Connections Inc. | 0.28% | 14,492 | $2.7M | Reduce -2.9% |
| ELV Elevance Health Inc. | 0.26% | 5,946 | $2.5M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 0.26% | 13,958 | $2.5M | Add +50.5% |
| BIP Brookfield Infrastructure Pa | 0.25% | 85,250 | $2.4M | Reduce -13.9% |
| FCX Freeport-McMoran Inc. | 0.24% | 67,015 | $2.4M | Add +7.8% |
| CEF Sprott Physical Gold and Sil | 0.23% | 79,277 | $2.2M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 4,027 | $2.1M | Add +8.3% |
| GOOG Alphabet Inc. Class C | 0.20% | 12,460 | $2.0M | Reduce -1.6% |
| VRSK Verisk Analytics Inc. | 0.18% | 5,882 | $1.7M | Reduce -1.6% |
| BKNG Booking Holdings Inc. | 0.17% | 350 | $1.7M | Reduce -6.4% |
| MP MP Materials Corp. | 0.16% | 68,500 | $1.6M | New |
| VEA Vanguard Ftse Developed ETF | 0.16% | 30,280 | $1.6M | Add +4.4% |
| GIB Cgi Inc. | 0.15% | 14,536 | $1.5M | Add +5.0% |
| UBER Uber Technologies Inc. | 0.15% | 19,690 | $1.5M | New |
| NVDA Nvidia Corp. | 0.15% | 13,816 | $1.4M | Reduce -1.2% |
| BEP Brookfield Renewable Partner | 0.14% | 65,007 | $1.4M | Reduce -2.2% |
| CP Canadian Pacific Kansas City | 0.14% | 19,156 | $1.3M | Add +1.0% |
| ADP Automatic Data Processing | 0.14% | 4,570 | $1.3M | Reduce -3.0% |
| LIN Linde PLC | 0.14% | 2,941 | $1.3M | Reduce -35.9% |
| AVGO Broadcom Inc. | 0.14% | 7,450 | $1.3M | Add +36.1% |
Portfolio Sells Q4 2024 → Q1 2025
| KBWB Invesco KBW Bank ETF | Reduce -76.5% | 0.39% | −1.47 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -64.1% | 0.52% | −1.11 |
| MSFT Microsoft Corp. | Reduce -9.6% | 2.53% | −0.59 |
| RY Royal Bank of Canada | Reduce -3.9% | 5.66% | −0.54 |
| BMO Bank of Montreal | Reduce -7.3% | 3.28% | −0.49 |
| GOOGL Alphabet Inc. Class A | Reduce -18.6% | 0.80% | −0.41 |
| AAPL Apple Inc. | Reduce -3.1% | 1.87% | −0.38 |
| UNH Unitedhealth Group Inc. | Reduce -21.6% | 0.66% | −0.35 |
| CNQ Canadian Natural Resources | Reduce -6.2% | 1.54% | −0.35 |
| XMMO Invesco S&P Midcap Momentum | Reduce -79.3% | 0.07% | −0.32 |
| MKTX Marketaxess Holdings Inc. | Reduce -87.4% | 0.04% | −0.27 |
| BCE Bce Inc. | Reduce -28.6% | 0.50% | −0.26 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.26 |
| BN Brookfield Corp. | Reduce -0.6% | 1.42% | −0.25 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.4% | 0.70% | −0.24 |
| EMR Emerson Electric Co. | Reduce -0.1% | 1.36% | −0.24 |
| CM Can Imperial BK of Commerce | Reduce -4.3% | 1.94% | −0.23 |
| BAM Brookfield Asset Mgmt-A | Reduce -1.6% | 1.60% | −0.23 |
| URTH iShares MSCI World ETF | Sold out | 0.00% | −0.21 |
| PLTR Palantir Technologies Inc. Class A | Reduce -91.4% | 0.03% | −0.18 |
| TXN Texas Instruments Inc. | Reduce -2.1% | 0.64% | −0.17 |
| ORCL Oracle Corp. | Reduce -3.0% | 0.56% | −0.14 |
| XYZ Block Inc. | Sold out | 0.00% | −0.14 |
| AXP American Express Co. | Reduce -3.1% | 0.75% | −0.14 |
| BXP BXP Inc. | Reduce -78.8% | 0.03% | −0.13 |
| DHR Danaher Corp. | Reduce -17.8% | 0.30% | −0.13 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.12 |
| NKE Nike Inc. Class B | Reduce -4.4% | 0.42% | −0.12 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.11 |
| CVX Chevron Corp. | Reduce -0.8% | 0.97% | −0.09 |
| DEO Diageo PLC-Sponsored ADR | Reduce -4.1% | 0.52% | −0.08 |
| BIP Brookfield Infrastructure Pa | Reduce -13.9% | 0.25% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -3.9% | 2.26% | −0.08 |
| MFC Manulife Financial Corp. | Reduce -6.4% | 0.53% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -2.4% | 0.44% | −0.06 |
| LIN Linde PLC | Reduce -35.9% | 0.14% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 0.64% | −0.05 |
| NVDA Nvidia Corp. | Reduce -1.2% | 0.15% | −0.05 |
| SBUX Starbucks Corp. | Reduce -1.5% | 0.44% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 0.20% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -13.3% | 0.12% | −0.05 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.05 |
| TAC Transalta Corp. | Reduce -4.3% | 0.07% | −0.04 |
| SLF Sun Life Financial Inc. | Reduce -0.8% | 0.93% | −0.04 |
| CVE Cenovus Energy Inc. | Reduce -11.7% | 0.06% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -3.3% | 0.40% | −0.03 |
| SOBO South Bow Corp. | Reduce -39.4% | 0.04% | −0.03 |
| ENB Enbridge Inc. | Reduce -2.1% | 3.51% | −0.02 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.02 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.3% | 0.10% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| XLF SS Financial Select Sector | Add +5045.5% | 3.12% | +3.06 |
| GDX Vaneck Gold Miners ETF | New | 1.97% | +1.97 |
| RING iShares MSCI Global Gold Min | New | 1.54% | +1.54 |
| DXJ Wisdomtree Japan Hedged Eq | Add +1136.4% | 0.55% | +0.51 |
| XLE SS Energy Select Sector | New | 0.50% | +0.50 |
| NTR Nutrien Ltd. | Add +8.7% | 1.76% | +0.27 |
| NGG National Grid PLC-SP ADR | Add +0.5% | 1.26% | +0.26 |
| EWJV iShares MSCI Japan Value ETF | Add +10.9% | 1.45% | +0.26 |
| CEF Sprott Physical Gold and Sil | New | 0.23% | +0.23 |
| FTS Fortis Inc. | Add +2.3% | 1.44% | +0.19 |
| TIP iShares Tips Bond ETF | Add +17.4% | 0.96% | +0.17 |
| MP MP Materials Corp. | New | 0.16% | +0.16 |
| UBER Uber Technologies Inc. | New | 0.15% | +0.15 |
| LLY Eli Lilly & Co. | Add +29.4% | 0.46% | +0.13 |
| GS Goldman Sachs Group Inc. | New | 0.13% | +0.13 |
| COMB Graniteshares Bcom Broad STR | New | 0.09% | +0.09 |
| ARKG ARK Genomic Revolution ETF | New | 0.08% | +0.08 |
| IBIT iShares Bitcoin Trust ETF | New | 0.06% | +0.06 |
| DBA Invesco DB Agriculture Fund | New | 0.06% | +0.06 |
| PBA Pembina Pipeline Corp. | Add +5.4% | 0.91% | +0.06 |
| WPM Wheaton Precious Metals Corp. | New | 0.06% | +0.06 |
| AMZN Amazon.com Inc. | Add +50.5% | 0.26% | +0.05 |
| TTE Totalenergies SE -Spon ADR | Add +1.7% | 0.78% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.3% | 0.22% | +0.05 |
| DFEM Dimensional Emrg MRKT Core | Add +5.4% | 1.11% | +0.04 |
| TRI Thomson Reuters Corp. | Add +0.5% | 0.38% | +0.04 |
| RTX RTX Corp. | Add +0.9% | 0.69% | +0.04 |
| HEDJ Wisdomtree Europe Hedged Equ | New | 0.04% | +0.04 |
| EEMS iShares MSCI Emerging MKT SM | Add +79.8% | 0.07% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +4.4% | 0.16% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +19.2% | 0.10% | +0.02 |
| BHP BHP Group Ltd.-Spon ADR | Add +2.0% | 0.50% | +0.01 |
| QSR Restaurant Brands Intern | Add +41.8% | 0.04% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +14.6% | 0.08% | +0.01 |
| AVGO Broadcom Inc. | Add +36.1% | 0.14% | +0.01 |
| BEPC Brookfield Renewable Corp. | Add +11.8% | 0.06% | +0.01 |
| VRN Veren Inc. | Add +7.1% | 0.02% | +0.00 |
| ONON On Holding AG Class A | Add +26.1% | 0.11% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +10.1% | 0.02% | +0.00 |
| BIPC Brookfield Infrastructure-A | Add +11.7% | 0.02% | −0.00 |
| NDAQ Nasdaq Inc. | Add +4.2% | 0.30% | −0.00 |
| OTEX Open Text Corp. | Add +9.5% | 0.53% | −0.00 |
| GIB Cgi Inc. | Add +5.0% | 0.15% | −0.00 |
| ETN Eaton Corp. PLC | Add +17.9% | 0.09% | −0.00 |
| INTU Intuit Inc. | Add +1.9% | 0.30% | −0.00 |
| FCX Freeport-McMoran Inc. | Add +7.8% | 0.24% | −0.01 |
| CP Canadian Pacific Kansas City | Add +1.0% | 0.14% | −0.01 |
| PEP Pepsico Inc. | Add +0.7% | 1.30% | −0.01 |
| PFE Pfizer Inc. | Add +14.0% | 0.34% | −0.01 |
| CCJ Cameco Corp. | Add +10.1% | 0.14% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 391 | $1.1B | RY, TD, BMO, BNS, CM |
| Q1 2026 | 192 | $1.2B | RY, TD, BMO, ENB, BNS |
| Q4 2025 | 201 | $1.2B | RY, TD, BMO, BNS, ENB |
| Q3 2025 | 179 | $1.2B | RY, TD, KBWB, BMO, ENB |
| Q2 2025 | 174 | $1.1B | RY, TD, KBWB, VUG, BMO |
| Q1 2025 | 169 | $967.6M | RY, TD, ENB, BMO, XLF |
| Q4 2024 | 165 | $982.8M | RY, TD, BMO, ENB, BNS |