Industrial Alliance Investment Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Industrial Alliance Investment Management Inc. reported 8 stock positions worth $176.2 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 67.2% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 12.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.3%). Compared with Q3 2025, it opened 2 new positions, added to 3 and reduced 2. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +6%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −1%).

Most Recent 13F
Q2 2026
Location
QUEBEC, A8
CIK
0001630798
Portfolio Value
$176.2M (Q4 2025)
SEC Filing
0001493152-26-005246 ↗ filed Feb 5, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $138.9M Q1 2024 Q2 2024: $176.3M Q2 2024 Q3 2024: $196.3M Q3 2024 Q4 2024: $128.7M Q4 2024 Q1 2025: $125.4M Q1 2025 Q2 2025: $148.7M Q2 2025 Q3 2025: $165.7M Q3 2025 Q4 2025: $176.2M $176.2M Q4 2025 Q1 2026: $167.3M Q1 2026 Q2 2026: $212.5M Q2 2026

Holdings 8 stocks · $176.2M
QQQ Invesco QQQ Trust Series 1 67.17% 192,673 $118.4M Add +5.6%
VTI VG Morningstar TS MKT ETF-US 12.45% 65,416 $21.9M Reduce -1.1%
SPY SS SPDR S&P 500 ETF Trust-US 8.31% 21,465 $14.6M Add +2.6%
VNQ Vanguard Real Estate ETF 4.73% 94,190 $8.3M No change
VEU Vanguard Ftse All-World Ex-U 3.93% 94,136 $6.9M Add +2.7%
IEUR iShares Core MSCI Europe ETF 3.13% 77,723 $5.5M Reduce -1.3%
VCLT Vanguard Long-Term Corp. Bond 0.26% 5,955 $452K New
VGLT Vanguard Long-Term Treasury 0.03% 870 $49K New

Portfolio Sells Q3 2025 → Q4 2025
VTI VG Morningstar TS MKT ETF-US Reduce -1.1% 12.45% −0.65
IEUR iShares Core MSCI Europe ETF Reduce -1.3% 3.13% −0.11

Portfolio Buys Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 Add +5.6% 67.17% +1.07
VCLT Vanguard Long-Term Corp. Bond New 0.26% +0.26
VGLT Vanguard Long-Term Treasury New 0.03% +0.03
VEU Vanguard Ftse All-World Ex-U Add +2.7% 3.93% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +2.6% 8.31% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$212.5MQQQ, VTI, SPY, VNQ, VEU
Q1 2026 8$167.3MQQQ, VTI, SPY, VNQ, VEU
Q4 2025 8$176.2MQQQ, VTI, SPY, VNQ, VEU
Q3 2025 6$165.7MQQQ, VTI, SPY, VNQ, VEU
Q2 2025 6$148.7MQQQ, VTI, SPY, VNQ, VEU
Q1 2025 6$125.4MQQQ, VTI, SPY, VNQ, VEU
Q4 2024 6$128.7MQQQ, VTI, SPY, VNQ, VEU
Q3 2024 15$196.3MSPY, QQQ, VEU, VTI, VNQ
Q2 2024Amended 15$176.3MSPY, QQQ, VEU, VTI, VNQ
Q1 2024Amended 5$138.9MSPY, QQQ, VEU, VNQ, IEUR