Guardian Partners Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Guardian Partners Inc. reported 201 stock positions worth $1.2 billion. Its top holding was Royal Bank of Canada (RY) at 6.9% of the portfolio, followed by Toronto-Dominion Bank (TD, 5.5%) and Bank of Montreal (BMO, 4.2%). Compared with Q3 2025, it opened 51 new positions, sold out of 29, added to 97 and reduced 46. The biggest buy was Royal Bank of Canada (RY, shares +7%) and the biggest sale Invesco KBW Bank ETF (KBWB, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, Z4
- CIK
- 0001884799
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001062993-26-000999 ↗ filed Feb 17, 2026
Holdings Value
Holdings 201 stocks · $1.2B
| RY Royal Bank of Canada | 6.88% | 507,206 | $85.9M | Add +7.2% |
| TD Toronto-Dominion Bank | 5.46% | 716,017 | $68.1M | Add +8.9% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.18% | 371,924 | $52.2M | Add +9.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 3.81% | 638,369 | $47.5M | Add +8.6% |
| ENB Enbridge Inc. | 3.30% | 823,603 | $41.1M | Add +5.9% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 2.89% | 381,494 | $36.1M | Add +24.7% |
| JPM JPMorgan Chase & Co. | 2.56% | 100,818 | $31.9M | Add +13.6% |
| AAPL Apple Inc. | 2.33% | 105,312 | $29.0M | Add +13.7% |
| MSFT Microsoft Corp. | 2.28% | 68,810 | $28.4M | Add +7.0% |
| NTR Nutrien Ltd. | 2.04% | 358,454 | $25.5M | Add +4.2% |
| CNI Canadian Natl Railway Co. | 1.97% | 248,911 | $24.6M | Add +4.6% |
| BN Brookfield Corp. | 1.94% | 530,895 | $24.2M | Add +20.8% |
| JNJ Johnson & Johnson | 1.82% | 97,316 | $22.7M | Add +5.7% |
| GOOGL Alphabet Inc. Class A | 1.82% | 68,353 | $22.7M | Add +30.2% |
| ING ING Groep N.V.-Sponsored ADR | 1.76% | 718,678 | $21.9M | Add +1.0% |
| CNQ Canadian Natural Resources | 1.72% | 559,344 | $21.5M | Add +15.9% |
| EMR Emerson Electric Co. | 1.68% | 133,483 | $20.9M | Add +1.7% |
| MCD McDonald's Corp. | 1.41% | 54,494 | $17.6M | Add +1.9% |
| IMO Imperial Oil Ltd. | 1.40% | 158,293 | $17.4M | Reduce -1.1% |
| BAM Brookfield Asset Mgmt-A | 1.35% | 340,315 | $16.8M | Add +10.0% |
| FTS Fortis Inc. | 1.33% | 307,660 | $16.6M | Add +2.4% |
| WMT Walmart Inc. | 1.28% | 125,101 | $16.0M | Reduce -2.2% |
| SU Suncor Energy Inc. | 1.23% | 293,698 | $15.4M | Add +10.1% |
| DUK Duke Energy Corp. | 1.22% | 125,364 | $15.3M | Add +1.8% |
| NGG National Grid PLC-SP ADR | 1.22% | 173,539 | $15.2M | Add +4.6% |
| RCI Rogers Communications Inc. Class B | 1.10% | 368,853 | $13.7M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 1.08% | 24,395 | $13.5M | Add +11.2% |
| CVX Chevron Corp. | 1.03% | 70,862 | $12.8M | Add +2.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.96% | 36,874 | $12.0M | Add +6.2% |
| KBWB Invesco KBW Bank ETF | 0.94% | 138,400 | $11.7M | Reduce -76.2% |
| RING iShares MSCI Global Gold Min | 0.91% | 155,000 | $11.4M | Reduce -67.0% |
| PBA Pembina Pipeline Corp. | 0.91% | 269,137 | $11.3M | Add +8.8% |
| RTX RTX Corp. | 0.91% | 57,633 | $11.3M | Add +2.1% |
| MGA Magna International Inc. | 0.89% | 210,210 | $11.1M | Add +3.6% |
| TRP TC Energy Corp. | 0.89% | 187,100 | $11.0M | Add +9.6% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.85% | 573,638 | $10.6M | Add +1.5% |
| COST Costco Wholesale Corp. | 0.83% | 10,571 | $10.3M | Reduce -9.4% |
| TXN Texas Instruments Inc. | 0.82% | 46,083 | $10.2M | Add +6.1% |
| SAP Sap SE-Sponsored ADR | 0.79% | 49,610 | $9.9M | Add +6.2% |
| SNY Sanofi-ADR | 0.78% | 203,060 | $9.7M | Add +11.3% |
| SLF Sun Life Financial Inc. | 0.78% | 148,149 | $9.7M | Add +1.1% |
| PEP Pepsico Inc. | 0.77% | 57,901 | $9.6M | Reduce -33.0% |
| EMA Emera Inc. | 0.75% | 187,522 | $9.4M | Add +5.7% |
| AXP American Express Co. | 0.75% | 26,563 | $9.4M | Reduce -3.3% |
| COPX Global X Copper Miners ETF | 0.74% | 129,100 | $9.3M | Reduce -11.2% |
| AEM Agnico Eagle Mines Ltd. | 0.71% | 44,369 | $8.8M | Reduce -6.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.66% | 12,003 | $8.2M | Add +1.7% |
| AFL Aflac Inc. | 0.65% | 72,132 | $8.2M | Add +11.6% |
| BHP BHP Group Ltd.-Spon ADR | 0.61% | 105,953 | $7.6M | Reduce -2.1% |
| MFC Manulife Financial Corp. | 0.57% | 191,751 | $7.2M | Add +4.3% |
| EWJV iShares MSCI Japan Value ETF | 0.55% | 171,300 | $6.8M | Reduce -59.9% |
| NKE Nike Inc. Class B | 0.54% | 105,167 | $6.7M | Add +25.8% |
| TU Telus Corp. | 0.54% | 473,648 | $6.7M | Reduce -40.1% |
| CME Cme Group Inc. | 0.47% | 19,819 | $5.8M | Add +20.3% |
| ABCL Abcellera Biologics Inc. | 0.47% | 1,786,414 | $5.8M | No change |
| ORCL Oracle Corp. | 0.45% | 38,421 | $5.6M | Reduce -3.8% |
| SBUX Starbucks Corp. | 0.44% | 56,904 | $5.5M | Add +7.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.43% | 8,925 | $5.4M | Add +1600.0% |
| WFC Wells Fargo & Co. | 0.43% | 58,062 | $5.4M | Reduce -0.3% |
| OTEX Open Text Corp. | 0.42% | 225,939 | $5.3M | Add +5.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.41% | 119,400 | $5.1M | New |
| AEP American Electric Power | 0.40% | 42,245 | $5.1M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.39% | 20,906 | $4.9M | Add +49.2% |
| UNH Unitedhealth Group Inc. | 0.39% | 17,562 | $4.8M | Add +24.1% |
| TFII Tfi International Inc. | 0.37% | 37,960 | $4.6M | New |
| AMAT Applied Materials Inc. | 0.34% | 14,517 | $4.3M | Add +1137.6% |
| BCE Bce Inc. | 0.33% | 158,788 | $4.2M | Add +2.9% |
| JXI iShares Global Utilities ETF | 0.33% | 52,100 | $4.1M | New |
| NVDA Nvidia Corp. | 0.33% | 23,515 | $4.1M | Add +44.8% |
| QCOM Qualcomm Inc. | 0.32% | 26,691 | $4.0M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 0.31% | 11,575 | $3.8M | Reduce -4.5% |
| LLY Eli Lilly & Co. | 0.31% | 3,830 | $3.8M | Reduce -4.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 32,890 | $3.5M | Add +0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.28% | 74,540 | $3.5M | Reduce -44.5% |
| DHR Danaher Corp. | 0.27% | 15,246 | $3.3M | Add +6.5% |
| UL Unilever PLC-Sponsored ADR | 0.26% | 45,768 | $3.2M | Add +10.5% |
| NDAQ Nasdaq Inc. | 0.25% | 35,825 | $3.2M | Add +2.4% |
| PHYS Sprott Physical Gold Trust | 0.25% | 85,000 | $3.2M | New |
| WCN Waste Connections Inc. | 0.23% | 17,331 | $2.9M | Add +29.8% |
| IAU iShares Gold Trust | 0.22% | 30,000 | $2.8M | New |
| CCJ Cameco Corp. | 0.22% | 24,300 | $2.8M | Reduce -6.8% |
| ILMN Illumina Inc. | 0.22% | 20,671 | $2.8M | Add +14.1% |
| EEM iShares MSCI Emerging Market | 0.22% | 46,000 | $2.7M | New |
| CVE Cenovus Energy Inc. | 0.21% | 129,804 | $2.6M | Add +187.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 5,163 | $2.6M | Add +29.0% |
| AVGO Broadcom Inc. | 0.19% | 7,884 | $2.4M | Add +13.4% |
| INTU Intuit Inc. | 0.19% | 5,445 | $2.4M | Add +9.6% |
| BLK BlackRock Inc. | 0.18% | 2,115 | $2.3M | Add +16.0% |
| FCG First Trust Natural Gas ETF | 0.17% | 92,600 | $2.2M | New |
| BKNG Booking Holdings Inc. | 0.17% | 471 | $2.2M | Add +43.2% |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 13,635 | $2.2M | Add +49.3% |
| BA The Boeing Co. | 0.17% | 9,175 | $2.2M | Add +7.6% |
| MP MP Materials Corp. | 0.17% | 35,100 | $2.1M | Reduce -19.1% |
| RKT Rocket Cos Inc. Class A | 0.16% | 102,300 | $2.0M | New |
| XLV SS Health Care Select Sector | 0.16% | 13,000 | $2.0M | New |
| GLD SPDR Gold Shares | 0.16% | 4,278 | $1.9M | Add +640.1% |
| TRI Thomson Reuters Corp. | 0.15% | 20,129 | $1.9M | Reduce -1.6% |
| GS Goldman Sachs Group Inc. | 0.15% | 2,000 | $1.8M | Reduce -25.2% |
| PFE Pfizer Inc. | 0.14% | 67,405 | $1.8M | Add +0.1% |
| PL Planet Labs PBC | 0.14% | 80,000 | $1.7M | New |
Portfolio Sells Q3 2025 → Q4 2025
| KBWB Invesco KBW Bank ETF | Reduce -76.2% | 0.94% | −2.86 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −1.92 |
| RING iShares MSCI Global Gold Min | Reduce -67.0% | 0.91% | −1.69 |
| EWJV iShares MSCI Japan Value ETF | Reduce -59.9% | 0.55% | −0.86 |
| DFEM Dimensional Emrg MRKT Core | Sold out | 0.00% | −0.81 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.65 |
| TIP iShares Tips Bond ETF | Reduce -95.3% | 0.03% | −0.64 |
| ORCL Oracle Corp. | Reduce -3.8% | 0.45% | −0.53 |
| TU Telus Corp. | Reduce -40.1% | 0.54% | −0.52 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -44.5% | 0.28% | −0.39 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.32 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.31 |
| PEP Pepsico Inc. | Reduce -33.0% | 0.77% | −0.28 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.24 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.16 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.15 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.13 |
| TRI Thomson Reuters Corp. | Reduce -1.6% | 0.15% | −0.11 |
| COMB Graniteshares Bcom Broad STR | Sold out | 0.00% | −0.10 |
| XMMO Invesco S&P Midcap Momentum | Sold out | 0.00% | −0.09 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.08 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -9.4% | 0.83% | −0.08 |
| MP MP Materials Corp. | Reduce -19.1% | 0.17% | −0.08 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.08 |
| LIN Linde PLC | Sold out | 0.00% | −0.08 |
| EEMS iShares MSCI Emerging MKT SM | Sold out | 0.00% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -1.9% | 0.32% | −0.07 |
| DBA Invesco DB Agriculture Fund | Sold out | 0.00% | −0.06 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.06 |
| PROSHARES TR II | Sold out | 0.00% | −0.06 |
| TLT iShares 20+ Year Treasury BD | Reduce -57.8% | 0.03% | −0.05 |
| OKE Oneok Inc. | Reduce -74.8% | 0.02% | −0.05 |
| TEM Tempus AI Inc. Class A | Reduce -7.5% | 0.05% | −0.05 |
| GIB Cgi Inc. | Reduce -20.4% | 0.10% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -2.0% | 0.10% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -25.2% | 0.15% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -4.2% | 0.05% | −0.03 |
| QQEW First TR Nasdaq-100 Sel Eq | Sold out | 0.00% | −0.02 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.02 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.02 |
| HL Hecla Mining Co. | Sold out | 0.00% | −0.02 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.02 |
| BBU Brookfield Business PT-Unit | Sold out | 0.00% | −0.02 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.02 |
| ARKG ARK Genomic Revolution ETF | Sold out | 0.00% | −0.02 |
| AXP American Express Co. | Reduce -3.3% | 0.75% | −0.01 |
| TAC Transalta Corp. | Reduce -1.3% | 0.07% | −0.01 |
| EPRX Eupraxia Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| RY Royal Bank of Canada | Add +7.2% | 6.88% | +0.98 |
| TD Toronto-Dominion Bank | Add +8.9% | 5.46% | +0.97 |
| CM Can Imperial BK of Commerce | Add +24.7% | 2.89% | +0.81 |
| GOOGL Alphabet Inc. Class A | Add +30.2% | 1.82% | +0.73 |
| BNS Bank of Nova Scotia | Add +8.6% | 3.81% | +0.59 |
| BMO Bank of Montreal | Add +9.8% | 4.18% | +0.44 |
| CNQ Canadian Natural Resources | Add +15.9% | 1.72% | +0.42 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.41% | +0.41 |
| QQQ Invesco QQQ Trust Series 1 | Add +1600.0% | 0.43% | +0.41 |
| NTR Nutrien Ltd. | Add +4.2% | 2.04% | +0.39 |
| JNJ Johnson & Johnson | Add +5.7% | 1.82% | +0.37 |
| TFII Tfi International Inc. | New | 0.37% | +0.37 |
| JXI iShares Global Utilities ETF | New | 0.33% | +0.33 |
| AAPL Apple Inc. | Add +13.7% | 2.33% | +0.32 |
| AMAT Applied Materials Inc. | Add +1137.6% | 0.34% | +0.32 |
| SU Suncor Energy Inc. | Add +10.1% | 1.23% | +0.30 |
| BN Brookfield Corp. | Add +20.8% | 1.94% | +0.26 |
| PHYS Sprott Physical Gold Trust | New | 0.25% | +0.25 |
| IAU iShares Gold Trust | New | 0.22% | +0.22 |
| JPM JPMorgan Chase & Co. | Add +13.6% | 2.56% | +0.22 |
| EMR Emerson Electric Co. | Add +1.7% | 1.68% | +0.22 |
| EEM iShares MSCI Emerging Market | New | 0.22% | +0.22 |
| NGG National Grid PLC-SP ADR | Add +4.6% | 1.22% | +0.19 |
| ING ING Groep N.V.-Sponsored ADR | Add +1.0% | 1.76% | +0.19 |
| FCG First Trust Natural Gas ETF | New | 0.17% | +0.17 |
| RKT Rocket Cos Inc. Class A | New | 0.16% | +0.16 |
| XLV SS Health Care Select Sector | New | 0.16% | +0.16 |
| TXN Texas Instruments Inc. | Add +6.1% | 0.82% | +0.16 |
| CVE Cenovus Energy Inc. | Add +187.0% | 0.21% | +0.15 |
| PL Planet Labs PBC | New | 0.14% | +0.14 |
| GLD SPDR Gold Shares | Add +640.1% | 0.16% | +0.14 |
| AMZN Amazon.com Inc. | Add +49.2% | 0.39% | +0.13 |
| CVX Chevron Corp. | Add +2.8% | 1.03% | +0.12 |
| SHEL Shell PLC-ADR | New | 0.12% | +0.12 |
| GM General Motors Co. | New | 0.12% | +0.12 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.2% | 0.96% | +0.11 |
| WDC Western Digital Corp. | New | 0.11% | +0.11 |
| RTX RTX Corp. | Add +2.1% | 0.91% | +0.11 |
| TRP TC Energy Corp. | Add +9.6% | 0.89% | +0.11 |
| INTC Intel Corp. | New | 0.10% | +0.10 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +1.5% | 0.85% | +0.10 |
| MRK Merck & Co. Inc. | Add +366.6% | 0.12% | +0.10 |
| CME Cme Group Inc. | Add +20.3% | 0.47% | +0.10 |
| RKLB Rocket Lab Corp. | New | 0.09% | +0.09 |
| GEV GE Vernova Inc. | New | 0.09% | +0.09 |
| NOK Nokia Corp.-Spon ADR | New | 0.09% | +0.09 |
| MS Morgan Stanley | New | 0.09% | +0.09 |
| EWZ iShares MSCI Brazil ETF | New | 0.09% | +0.09 |
| ECHO Echostar Corp. Class A | New | 0.09% | +0.09 |
| MFC Manulife Financial Corp. | Add +4.3% | 0.57% | +0.08 |
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 |