Intact Investment Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), Intact Investment Management Inc. reported 256 stock positions worth $2.5 billion. Its top holding was Toronto-Dominion Bank (TD) at 4.7% of the portfolio, followed by Can Imperial BK of Commerce (CM, 3.9%) and Manulife Financial (MFC, 3.6%). Compared with Q4 2023, it opened 28 new positions, sold out of 24, added to 77 and reduced 97. The biggest buy was Manulife Financial (MFC, shares +55%) and the biggest sale Sun Life Financial (SLF, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001443077
- Portfolio Value
- $2.5B (Q1 2024)
- SEC Filing
- 0001062993-24-009296 ↗ filed May 3, 2024
Holdings Value
Holdings 256 stocks · $2.5B
| TD Toronto-Dominion Bank | 4.65% | 1,954,384 | $118.0M | Add +47.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 3.89% | 1,944,963 | $98.6M | Reduce -21.7% |
| MFC Manulife Financial Corp. | 3.58% | 3,632,765 | $90.7M | Add +55.0% |
| TU Telus Corp. | 3.33% | 5,281,982 | $84.5M | Add +95.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.02% | 785,511 | $76.7M | Add +8.2% |
| ENB Enbridge Inc. | 3.02% | 2,122,155 | $76.7M | Reduce -4.1% |
| CVE Cenovus Energy Inc. | 2.60% | 3,294,000 | $65.9M | Add +27.2% |
| SU Suncor Energy Inc. | 2.52% | 1,730,324 | $63.9M | Reduce -34.7% |
| RY Royal Bank of Canada | 2.51% | 632,010 | $63.7M | Add +39.5% |
| RBA RB Global Inc. | 2.46% | 818,598 | $62.4M | Add +0.9% |
| RCI Rogers Communications Inc. Class B | 2.41% | 1,490,671 | $61.1M | Add +0.6% |
| BIP Brookfield Infrastructure Pa | 2.01% | 1,633,593 | $51.0M | Reduce -14.9% |
| NTR Nutrien Ltd. | 1.93% | 901,459 | $49.0M | Add +19.0% |
| QSR Restaurant Brands Intern | 1.93% | 615,814 | $48.9M | Add +8.0% |
| TRP TC Energy Corp. | 1.84% | 1,162,404 | $46.7M | Add +50.0% |
| CNI Canadian Natl Railway Co. | 1.69% | 324,822 | $42.8M | Add +27.0% |
| OTEX Open Text Corp. | 1.63% | 1,065,220 | $41.3M | Reduce -15.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.53% | 750,504 | $38.8M | Reduce -5.0% |
| B Barrick Gold Corp. | 1.51% | 2,297,950 | $38.2M | Reduce -6.0% |
| BTG B2GOLD Corp. | 1.44% | 13,977,620 | $36.6M | Add +1.7% |
| SHOP Shopify Inc. Class A | 1.43% | 470,745 | $36.3M | Add +27.2% |
| CNQ Canadian Natural Resources | 1.39% | 461,420 | $35.2M | Add +28.0% |
| AQN Algonquin Power & Utilities | 1.32% | 5,288,219 | $33.4M | Add +6.6% |
| GRP.U Granite Real Estate Investme | 1.03% | 455,520 | $26.0M | Add +49.0% |
| AVGO Broadcom Inc. | 1.00% | 19,130 | $25.4M | Add +3.8% |
| BCE Bce Inc. | 0.99% | 735,960 | $25.0M | Reduce -11.9% |
| CRESCENT PT ENERGY CORP | 0.91% | 2,806,916 | $23.0M | Add +40.6% |
| PBA Pembina Pipeline Corp. | 0.86% | 617,564 | $21.8M | Reduce -33.2% |
| BEP Brookfield Renewable Partner | 0.80% | 875,500 | $20.4M | Add +4763.9% |
| WCN Waste Connections Inc. | 0.79% | 116,897 | $20.1M | Add +41.2% |
| MRK Merck & Co. Inc. | 0.78% | 149,800 | $19.8M | Add +11.7% |
| FNV Franco-Nevada Corp. | 0.75% | 159,990 | $19.1M | Add +49.6% |
| CP Canadian Pacific Kansas City | 0.71% | 204,411 | $18.0M | Reduce -59.4% |
| BN Brookfield Corp. | 0.71% | 429,230 | $18.0M | Reduce -63.2% |
| T AT&T Inc. | 0.59% | 854,200 | $15.0M | Reduce -7.8% |
| PM Philip Morris International | 0.55% | 152,200 | $13.9M | Reduce -0.7% |
| MGA Magna International Inc. | 0.54% | 253,441 | $13.8M | Add +33.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 355,700 | $13.5M | Reduce -7.2% |
| CSCO Cisco Systems Inc. | 0.53% | 268,100 | $13.4M | Add +9.7% |
| AMGN Amgen Inc. | 0.49% | 44,000 | $12.5M | Add +145.8% |
| WFC Wells Fargo & Co. | 0.49% | 213,100 | $12.4M | Reduce -9.6% |
| SSRM SSR Mining Inc. | 0.48% | 2,748,759 | $12.2M | Add +124.5% |
| PEP Pepsico Inc. | 0.48% | 69,900 | $12.2M | Add +49.0% |
| HD Home Depot Inc. | 0.48% | 31,500 | $12.1M | No change |
| TXN Texas Instruments Inc. | 0.46% | 67,100 | $11.7M | No change |
| PG The Procter & Gamble Co. | 0.46% | 71,900 | $11.7M | No change |
| TAC Transalta Corp. | 0.46% | 1,811,050 | $11.6M | Reduce -28.6% |
| CMCSA Comcast Corp. Class A | 0.46% | 267,600 | $11.6M | Add +66.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 60,300 | $11.5M | No change |
| MS Morgan Stanley | 0.44% | 118,800 | $11.2M | Add +47.0% |
| RTX RTX Corp. | 0.44% | 114,300 | $11.1M | Add +0.8% |
| AGI Alamos Gold Inc. Class A | 0.44% | 750,400 | $11.1M | New |
| GIL Gildan Activewear Inc. | 0.42% | 289,120 | $10.7M | New |
| PRMW Primo Water Corp. | 0.42% | 587,000 | $10.7M | Add +26.8% |
| PFE Pfizer Inc. | 0.42% | 385,000 | $10.7M | Reduce -12.3% |
| SLF Sun Life Financial Inc. | 0.42% | 194,294 | $10.6M | Reduce -85.3% |
| VET Vermilion Energy Inc. | 0.42% | 851,600 | $10.6M | Reduce -25.8% |
| JPM JPMorgan Chase & Co. | 0.41% | 51,300 | $10.3M | Reduce -1.2% |
| NEE Nextera Energy Inc. | 0.39% | 156,600 | $10.0M | No change |
| VZ Verizon Communications Inc. | 0.39% | 238,500 | $10.0M | Reduce -20.3% |
| EMR Emerson Electric Co. | 0.39% | 88,100 | $10.0M | No change |
| JNJ Johnson & Johnson | 0.39% | 62,989 | $10.0M | Reduce -6.3% |
| XOM Exxon Mobil Corp. | 0.38% | 83,900 | $9.8M | Add +22.7% |
| ASTL Algoma Steel Group Inc. | 0.38% | 1,136,200 | $9.7M | Add +3.2% |
| ABBV Abbvie Inc. | 0.38% | 53,000 | $9.7M | Reduce -27.0% |
| NVEI Nuvei Corp.-Subordinate VTG | 0.37% | 299,630 | $9.5M | New |
| DGT SS SPDR Global Dow ETF | 0.37% | 73,266 | $9.4M | No change |
| CCJ Cameco Corp. | 0.37% | 216,900 | $9.4M | Add +21.0% |
| MSFT Microsoft Corp. | 0.37% | 22,200 | $9.3M | Reduce -6.3% |
| LOW Lowe's Cos Inc. | 0.36% | 35,900 | $9.1M | No change |
| KO The Coca-Cola Co. | 0.35% | 145,800 | $8.9M | Reduce -34.5% |
| UNP Union Pacific Corp. | 0.34% | 34,700 | $8.5M | Reduce -3.2% |
| PLD Prologis Inc. | 0.31% | 60,700 | $7.9M | Add +4.8% |
| AMT American Tower Corp. | 0.31% | 39,700 | $7.8M | Add +7.3% |
| AAPL Apple Inc. | 0.31% | 45,300 | $7.8M | Add +4.1% |
| QCOM Qualcomm Inc. | 0.31% | 45,800 | $7.8M | Add +3.7% |
| TFC Truist Financial Corp. | 0.30% | 198,000 | $7.7M | Reduce -9.1% |
| MEOH Methanex Corp. | 0.30% | 170,300 | $7.6M | Reduce -2.7% |
| GFL GFL Environmental Inc.-Sub VT | 0.29% | 216,216 | $7.5M | Reduce -7.9% |
| MO Altria Group Inc. | 0.29% | 170,600 | $7.4M | No change |
| UPS United Parcel Service Class B | 0.29% | 48,800 | $7.3M | No change |
| MCD McDonald's Corp. | 0.27% | 24,100 | $6.8M | Reduce -7.3% |
| KDP Keurig Dr Pepper Inc. | 0.27% | 221,300 | $6.8M | Add +68.3% |
| SBUX Starbucks Corp. | 0.27% | 74,000 | $6.8M | No change |
| NVDA Nvidia Corp. | 0.26% | 7,400 | $6.7M | Reduce -6.3% |
| HON Honeywell International Inc. | 0.26% | 32,400 | $6.7M | Add +6.2% |
| DLR Digital Realty Trust Inc. | 0.26% | 45,800 | $6.6M | Reduce -1.3% |
| HBM Hudbay Minerals Inc. | 0.25% | 916,500 | $6.4M | Reduce -14.7% |
| GILD Gilead Sciences Inc. | 0.25% | 86,400 | $6.3M | Reduce -30.0% |
| GLW Corning Inc. | 0.24% | 186,200 | $6.1M | Reduce -1.5% |
| CLS Celestica Inc. | 0.24% | 135,480 | $6.1M | Reduce -21.1% |
| TGT Target Corp. | 0.24% | 33,900 | $6.0M | Add +4.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 10,985 | $5.7M | No change |
| APD Air Products & Chemicals Inc. | 0.22% | 23,100 | $5.6M | No change |
| AMZN Amazon.com Inc. | 0.22% | 31,000 | $5.6M | Reduce -4.9% |
| BTE Baytex Energy Corp. | 0.22% | 1,524,000 | $5.5M | New |
| PDS Precision Drilling Corp. | 0.22% | 81,750 | $5.5M | Reduce -4.8% |
| SRE Sempra | 0.22% | 76,200 | $5.5M | No change |
| DNN Denison Mines Corp. | 0.21% | 2,762,500 | $5.4M | Add +17.0% |
| FANG Diamondback Energy Inc. | 0.21% | 26,900 | $5.3M | Reduce -6.9% |
Portfolio Sells Q4 2023 → Q1 2024
| SLF Sun Life Financial Inc. | Reduce -85.3% | 0.42% | −2.36 |
| BN Brookfield Corp. | Reduce -63.2% | 0.71% | −1.18 |
| CM Can Imperial BK of Commerce | Reduce -21.7% | 3.89% | −0.95 |
| SU Suncor Energy Inc. | Reduce -34.7% | 2.52% | −0.92 |
| CP Canadian Pacific Kansas City | Reduce -59.4% | 0.71% | −0.90 |
| ERF Enerplus Corp. | Sold out | 0.00% | −0.87 |
| OTEX Open Text Corp. | Reduce -15.0% | 1.63% | −0.50 |
| TCN Tricon Residential Inc. | Sold out | 0.00% | −0.47 |
| BIP Brookfield Infrastructure Pa | Reduce -14.9% | 2.01% | −0.43 |
| PBA Pembina Pipeline Corp. | Reduce -33.2% | 0.86% | −0.43 |
| TAC Transalta Corp. | Reduce -28.6% | 0.46% | −0.40 |
| OR Osisko Gold Royalties Ltd. | Reduce -82.5% | 0.08% | −0.35 |
| BCE Bce Inc. | Reduce -11.9% | 0.99% | −0.34 |
| TFII Tfi International Inc. | Sold out | 0.00% | −0.31 |
| B Barrick Gold Corp. | Reduce -6.0% | 1.51% | −0.28 |
| TRI Thomson Reuters Corp. | Reduce -93.0% | 0.02% | −0.27 |
| TECK Teck Resources Ltd.-CLS B | Reduce -64.6% | 0.16% | −0.27 |
| CGAU Centerra Gold Inc. | Reduce -57.6% | 0.15% | −0.22 |
| ENB Enbridge Inc. | Reduce -4.1% | 3.02% | −0.20 |
| KO The Coca-Cola Co. | Reduce -34.5% | 0.35% | −0.18 |
| CVS CVS Health Corp. | Reduce -60.8% | 0.11% | −0.17 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -51.7% | 0.20% | −0.16 |
| GILD Gilead Sciences Inc. | Reduce -30.0% | 0.25% | −0.16 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.14 |
| VET Vermilion Energy Inc. | Reduce -25.8% | 0.42% | −0.14 |
| CVX Chevron Corp. | Reduce -58.8% | 0.10% | −0.13 |
| GS Goldman Sachs Group Inc. | Reduce -64.7% | 0.08% | −0.13 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −0.13 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.10 |
| WBA Walgreens Boots Alliance Inc. | Reduce -22.3% | 0.16% | −0.10 |
| PFE Pfizer Inc. | Reduce -12.3% | 0.42% | −0.09 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.09 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.08 |
| NGD New Gold Inc. | Reduce -52.9% | 0.09% | −0.08 |
| ABBV Abbvie Inc. | Reduce -27.0% | 0.38% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -20.3% | 0.39% | −0.06 |
| HSY The Hershey Co. | Reduce -50.3% | 0.06% | −0.06 |
| DCBO Docebo Inc. | Sold out | 0.00% | −0.06 |
| ARE Alexandria Real Estate Equit | Reduce -31.0% | 0.12% | −0.05 |
| BB Blackberry Ltd. | Reduce -60.0% | 0.02% | −0.05 |
| F Ford Motor Co. | Sold out | 0.00% | −0.05 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.05 |
| MCD McDonald's Corp. | Reduce -7.3% | 0.27% | −0.04 |
| ADP Automatic Data Processing | Reduce -31.5% | 0.11% | −0.04 |
| FLG New York Community Bancorp | Sold out | 0.00% | −0.04 |
| ABT Abbott Laboratories | Reduce -18.1% | 0.19% | −0.04 |
| SJM The JM Smucker Co. | Reduce -33.8% | 0.07% | −0.04 |
| T AT&T Inc. | Reduce -7.8% | 0.59% | −0.04 |
| CCI Crown Castle Inc. | Reduce -15.0% | 0.11% | −0.04 |
| MEOH Methanex Corp. | Reduce -2.7% | 0.30% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| MFC Manulife Financial Corp. | Add +55.0% | 3.58% | +1.48 |
| TU Telus Corp. | Add +95.5% | 3.33% | +1.39 |
| TD Toronto-Dominion Bank | Add +47.6% | 4.65% | +1.19 |
| CVE Cenovus Energy Inc. | Add +27.2% | 2.60% | +0.85 |
| BEP Brookfield Renewable Partner | Add +4763.9% | 0.80% | +0.78 |
| RY Royal Bank of Canada | Add +39.5% | 2.51% | +0.66 |
| TRP TC Energy Corp. | Add +50.0% | 1.84% | +0.62 |
| AGI Alamos Gold Inc. Class A | New | 0.44% | +0.44 |
| CNQ Canadian Natural Resources | Add +28.0% | 1.39% | +0.43 |
| GIL Gildan Activewear Inc. | New | 0.42% | +0.42 |
| CNI Canadian Natl Railway Co. | Add +27.0% | 1.69% | +0.39 |
| NVEI Nuvei Corp.-Subordinate VTG | New | 0.37% | +0.37 |
| CRESCENT PT ENERGY CORP | Add +40.6% | 0.91% | +0.35 |
| GRP.U Granite Real Estate Investme | Add +49.0% | 1.03% | +0.31 |
| WCN Waste Connections Inc. | Add +41.2% | 0.79% | +0.29 |
| AMGN Amgen Inc. | Add +145.8% | 0.49% | +0.28 |
| FNV Franco-Nevada Corp. | Add +49.6% | 0.75% | +0.27 |
| SHOP Shopify Inc. Class A | Add +27.2% | 1.43% | +0.27 |
| RBA RB Global Inc. | Add +0.9% | 2.46% | +0.26 |
| BTE Baytex Energy Corp. | New | 0.22% | +0.22 |
| NTR Nutrien Ltd. | Add +19.0% | 1.93% | +0.21 |
| MRK Merck & Co. Inc. | Add +11.7% | 0.78% | +0.19 |
| GPC Genuine Parts Co. | New | 0.18% | +0.18 |
| CMCSA Comcast Corp. Class A | Add +66.3% | 0.46% | +0.17 |
| AVGO Broadcom Inc. | Add +3.8% | 1.00% | +0.17 |
| OBE Obsidian Energy Ltd. | New | 0.17% | +0.17 |
| PEP Pepsico Inc. | Add +49.0% | 0.48% | +0.16 |
| CAH Cardinal Health Inc. | New | 0.15% | +0.15 |
| PRMW Primo Water Corp. | Add +26.8% | 0.42% | +0.14 |
| MS Morgan Stanley | Add +47.0% | 0.44% | +0.14 |
| QSR Restaurant Brands Intern | Add +8.0% | 1.93% | +0.13 |
| BMO Bank of Montreal | Add +8.2% | 3.02% | +0.12 |
| XOM Exxon Mobil Corp. | Add +22.7% | 0.38% | +0.11 |
| STT State Street Corp. | New | 0.11% | +0.11 |
| ECL Ecolab Inc. | Add +133.3% | 0.15% | +0.10 |
| KDP Keurig Dr Pepper Inc. | Add +68.3% | 0.27% | +0.09 |
| BXP BXP Inc. | New | 0.09% | +0.09 |
| MGA Magna International Inc. | Add +33.0% | 0.54% | +0.09 |
| IAG Iamgold Corp. | New | 0.09% | +0.09 |
| BKR Baker Hughes Co. | New | 0.08% | +0.08 |
| C Citigroup Inc. | New | 0.08% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | New | 0.06% | +0.06 |
| CCJ Cameco Corp. | Add +21.0% | 0.37% | +0.06 |
| RTX RTX Corp. | Add +0.8% | 0.44% | +0.05 |
| AQN Algonquin Power & Utilities | Add +6.6% | 1.32% | +0.05 |
| FTS Fortis Inc. | Add +3280.0% | 0.05% | +0.05 |
| TGT Target Corp. | Add +4.0% | 0.24% | +0.05 |
| QCOM Qualcomm Inc. | Add +3.7% | 0.31% | +0.05 |
| DNN Denison Mines Corp. | Add +17.0% | 0.21% | +0.05 |
| CMI Cummins Inc. | Add +7.4% | 0.20% | +0.05 |
Notes & Other Activity Q4 2023 → Q1 2024
| BEPC Brookfield Renewable Cor-A | COM | Sold out | 0 | $0before exit |
| EGO Eldorado Gold Corp. | COM | Sold out | 0 | $0before exit |
| EFXT Enerflex Ltd. | COM | Sold out | 0 | $0before exit |
| IMO Imperial Oil Ltd. | COM NEW | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 207 | $3.5B | MFC, SPYM, TD, CNI, RY |
| Q1 2026 | 266 | $3.5B | RY, SU, TD, BIP, CVE |
| Q4 2025 | 310 | $3.5B | TD, RY, SLF, BCE, B |
| Q3 2025 | 254 | $3.3B | TD, RY, RCI, BNS, PBA |
| Q2 2025 | 322 | $3.0B | TD, RCI, RY, PBA, EMA |
| Q1 2025 | 314 | $2.9B | TD, CM, MFC, RCI, PBA |
| Q4 2024 | 309 | $2.9B | TD, SLF, CM, BMO, SU |
| Q3 2024 | 306 | $3.0B | TD, CM, MFC, RCI, BNS |
| Q2 2024 | 259 | $2.7B | TD, CM, MFC, SU, TU |
| Q1 2024 | 256 | $2.5B | TD, CM, MFC, TU, BMO |