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

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.5B $2.5B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $3.0B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $2.9B Q1 2025 Q2 2025: $3.0B Q2 2025 Q3 2025: $3.3B Q3 2025 Q4 2025: $3.5B Q4 2025 Q1 2026: $3.5B Q1 2026 Q2 2026: $3.5B Q2 2026

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%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.21% 92,400 $5.3M Reduce -6.6%
LMT Lockheed Martin Corp. 0.20% 11,300 $5.1M Add +14.1%
CMI Cummins Inc. 0.20% 17,400 $5.1M Add +7.4%
DOO BRP Inc./Ca- Sub Voting 0.20% 60,470 $5.0M Reduce -51.7%
ABT Abbott Laboratories 0.19% 43,400 $4.9M Reduce -18.1%
EXC Exelon Corp. 0.19% 129,000 $4.8M Reduce -7.2%
SO The Southern Co. 0.19% 67,200 $4.8M No change
JCI Johnson Controls Internation 0.19% 73,000 $4.8M No change
LYB Lyondellbasell Indu Class A 0.19% 46,300 $4.7M No change
LW Lamb Weston Holdings Inc. 0.19% 44,100 $4.7M Add +3.3%
GPC Genuine Parts Co. 0.18% 29,900 $4.6M New
MDLZ Mondelez International Inc. Class A 0.18% 65,900 $4.6M Add +36.4%
BAX Baxter International Inc. 0.18% 107,500 $4.6M Reduce -3.5%
AES AES Corp. 0.18% 255,600 $4.6M Add +18.8%
WFG West Fraser Timber Co. Ltd. 0.18% 52,600 $4.5M Reduce -6.1%
PEG Public Service Enterprise GP 0.18% 67,800 $4.5M No change
KEY Keycorp 0.17% 278,200 $4.4M No change
GM General Motors Co. 0.17% 96,500 $4.4M Add +6.4%
FIS Fidelity National Info Serv 0.17% 58,900 $4.4M Reduce -7.5%
GEN Gen Digital Inc. 0.17% 189,200 $4.2M Add +16.1%
CAT Caterpillar Inc. 0.17% 11,500 $4.2M Reduce -11.1%
DUK Duke Energy Corp. 0.17% 43,500 $4.2M No change
OBE Obsidian Energy Ltd. 0.17% 509,400 $4.2M New
EOG EOG Resources Inc. 0.16% 32,500 $4.2M Add +14.8%
AVB Avalonbay Communities Inc. 0.16% 22,300 $4.1M No change
WBA Walgreens Boots Alliance Inc. 0.16% 188,700 $4.1M Reduce -22.3%
GOOGL Alphabet Inc. Class A 0.16% 27,000 $4.1M Reduce -6.4%
WM Waste Management Inc. 0.16% 19,000 $4.0M Reduce -4.0%
TECK Teck Resources Ltd.-CLS B 0.16% 88,125 $4.0M Reduce -64.6%
OXY Occidental Petroleum Corp. 0.16% 61,400 $4.0M Reduce -9.7%
WMB Williams Cos Inc. 0.16% 101,000 $3.9M No change
VLO Valero Energy Corp. 0.15% 23,000 $3.9M Reduce -2.5%
WRK Westrock Co. 0.15% 78,800 $3.9M No change
ECL Ecolab Inc. 0.15% 16,800 $3.9M Add +133.3%
CGAU Centerra Gold Inc. 0.15% 656,100 $3.9M Reduce -57.6%
CAH Cardinal Health Inc. 0.15% 34,600 $3.9M New
CSX CSX Corp. 0.15% 103,500 $3.8M Add +1.0%
NOA North American Construction 0.15% 172,400 $3.8M Reduce -8.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.15% 67,500 $3.7M Reduce -3.4%
BDX Becton Dickinson and Co. 0.14% 14,400 $3.6M Add +48.5%
DOC Healthpeak Properties Inc. 0.14% 185,900 $3.5M No change
HUM Humana Inc. 0.14% 10,000 $3.5M Add +13.6%
WEC WEC Energy Group Inc. 0.13% 41,400 $3.4M No change
INVH Invitation Homes Inc. 0.13% 94,900 $3.4M Add +40.4%
XEL Xcel Energy Inc. 0.13% 62,100 $3.3M Add +5.4%
EMN Eastman Chemical Co. 0.13% 32,800 $3.3M No change
KVUE Kenvue Inc. 0.13% 150,886 $3.2M Reduce -13.0%
BMY Bristol-Myers Squibb Co. 0.13% 58,800 $3.2M No change
SPG Simon Property Group Inc. 0.12% 20,000 $3.1M No change
MDT Medtronic PLC 0.12% 35,800 $3.1M No change
USB US Bancorp 0.12% 69,300 $3.1M No change
CL Colgate-Palmolive Co. 0.12% 33,200 $3.0M Add +2.1%
LHX L3HARRIS Technologies Inc. 0.12% 13,900 $3.0M No change
ARE Alexandria Real Estate Equit 0.12% 22,900 $3.0M Reduce -31.0%
COF Capital One Financial Corp. 0.12% 19,700 $2.9M Reduce -25.4%
KTB Kontoor Brands Inc. 0.11% 47,800 $2.9M Reduce -12.1%
CCI Crown Castle Inc. 0.11% 27,200 $2.9M Reduce -15.0%
ADP Automatic Data Processing 0.11% 11,200 $2.8M Reduce -31.5%
WY Weyerhaeuser Co. 0.11% 77,700 $2.8M No change
CVS CVS Health Corp. 0.11% 33,800 $2.7M Reduce -60.8%
STT State Street Corp. 0.11% 34,700 $2.7M New
CVX Chevron Corp. 0.10% 15,500 $2.4M Reduce -58.8%
META Meta Platforms Inc. Class A 0.10% 5,000 $2.4M Reduce -27.0%
SKE Skeena Resources Ltd. 0.09% 520,075 $2.4M Reduce -7.4%
FRT Federal Realty Invs Trust 0.09% 23,400 $2.4M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.09% 15,400 $2.4M No change
NGD New Gold Inc. 0.09% 1,398,700 $2.4M Reduce -52.9%
LSPD Lightspeed Commerce Inc. 0.09% 163,600 $2.3M Add +35.3%
BXP BXP Inc. filed as BOSTON PROPERTIES INC 0.09% 35,000 $2.3M New
LAR Lithium Americas Argentina C 0.09% 414,400 $2.2M Add +49.8%
IAG Iamgold Corp. 0.09% 659,100 $2.2M New
LEG Leggett & Platt Inc. 0.09% 113,800 $2.2M No change
ETN Eaton Corp. PLC 0.09% 6,900 $2.2M Reduce -6.8%
OR Osisko Gold Royalties Ltd. 0.08% 130,500 $2.1M Reduce -82.5%
EXR Extra Space Storage Inc. 0.08% 14,300 $2.1M No change
BKR Baker Hughes Co. 0.08% 60,300 $2.0M New
C Citigroup Inc. 0.08% 31,300 $2.0M New
GS Goldman Sachs Group Inc. 0.08% 4,700 $2.0M Reduce -64.7%
BRK.B Berkshire Hathaway Inc. Class B 0.08% 4,600 $1.9M No change
MA Mastercard Inc. Class A 0.08% 4,000 $1.9M Add +17.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.07% 14,900 $1.9M Reduce -33.8%
KHC The Kraft Heinz Co. 0.07% 49,800 $1.8M No change
TIXT Telus International Cda Inc. 0.07% 195,128 $1.7M Add +4.8%
CRON Cronos Group Inc. 0.06% 607,390 $1.6M Reduce -29.2%
HSY The Hershey Co. 0.06% 8,100 $1.6M Reduce -50.3%
UNH Unitedhealth Group Inc. 0.06% 3,100 $1.5M Add +158.3%
REG Regency Centers Corp. 0.06% 25,100 $1.5M No change
AEM Agnico Eagle Mines Ltd. 0.06% 25,400 $1.5M New
GOOG Alphabet Inc. Class C 0.06% 9,800 $1.5M Add +51.2%
FTS Fortis Inc. 0.05% 33,800 $1.3M Add +3280.0%
SAND Sandstorm Gold Ltd. 0.05% 240,600 $1.3M Add +27.0%
TSLA Tesla Inc. 0.05% 7,000 $1.2M Add +2.9%
TMO Thermo Fisher Scientific Inc. 0.05% 2,100 $1.2M Reduce -8.7%
ACN Accenture PLC Class A 0.05% 3,350 $1.2M No change
ADBE Adobe Inc. 0.04% 2,250 $1.1M Add +21.6%
LLY Eli Lilly & Co. 0.04% 1,400 $1.1M Reduce -12.5%
CRM Salesforce Inc. 0.04% 3,570 $1.1M Reduce -26.7%
KLAC KLA Corp. 0.04% 1,450 $1.0M No change
PH Parker Hannifin Corp. 0.04% 1,800 $1.0M No change
NOW ServiceNow Inc. 0.04% 1,200 $915K Reduce -10.4%
V Visa Inc. Class A 0.04% 3,200 $893K Reduce -33.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 7,150 $875K Reduce -23.5%
BSX Boston Scientific Corp. 0.03% 12,200 $836K Add +4.3%
TFPM Triple Flag Precious Met 0.03% 56,000 $809K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 3,200 $800K Add +45.5%
SCHW Schwab (charles) Corp. 0.03% 10,600 $767K Reduce -11.7%
SKX Skechers USA Inc. Class A 0.03% 12,000 $735K Add +122.2%
SNPS Synopsys Inc. 0.03% 1,250 $714K No change
WMT Walmart Inc. 0.03% 11,400 $686K Reduce -5.0%
EQX Equinox Gold Corp. 0.03% 113,100 $682K New
SPGI S&P Global Inc. 0.03% 1,600 $681K New
STZ Constellation Brands Inc. Class A 0.03% 2,500 $679K Reduce -3.9%
AIG American International Group 0.03% 8,600 $672K New
GPN Global Payments Inc. 0.03% 5,000 $668K New
GXO Gxo Logistics Inc. 0.03% 12,200 $656K New
TMUS T-Mobile US Inc. 0.03% 4,000 $653K Reduce -7.0%
MET Metlife Inc. 0.03% 8,800 $652K No change
BIPC Brookfield Infrastructure-A 0.03% 18,000 $649K Add +0.0%
BIIB Biogen Inc. 0.03% 3,000 $647K Add +30.4%
CWST Casella Waste Systems Inc. Class A 0.03% 6,400 $633K Add +23.1%
MCHP Microchip Technology Inc. 0.02% 7,000 $628K No change
J Jacobs Solutions Inc. 0.02% 4,000 $615K No change
DLTR Dollar Tree Inc. 0.02% 4,500 $599K Reduce -10.0%
CMG Chipotle Mexican Grill Inc. 0.02% 200 $581K Reduce -20.0%
ICE Intercontinental Exchange Inc. 0.02% 4,200 $577K Reduce -44.7%
BITF Bitfarms Ltd./Canada 0.02% 253,100 $562K New
ERO Ero Copper Corp. 0.02% 29,000 $559K New
EW Edwards Lifesciences Corp. 0.02% 5,800 $554K Reduce -42.0%
INCY Incyte Corp. 0.02% 9,600 $547K Add +11.6%
TRI Thomson Reuters Corp. 0.02% 3,500 $545K Reduce -93.0%
BB Blackberry Ltd. 0.02% 188,300 $516K Reduce -60.0%
PODD Insulet Corp. 0.02% 3,000 $514K New
SII Sprott Inc. 0.02% 13,900 $513K Reduce -39.3%
DE Deere & Co. 0.02% 1,200 $493K Add +51.9%
CZR Caesars Entertainment Inc. 0.02% 11,000 $481K Add +175.0%
INTC Intel Corp. 0.02% 10,400 $459K Reduce -14.1%
PANW Palo Alto Networks Inc. 0.02% 1,600 $455K New
CI The Cigna Group 0.02% 1,200 $436K New
AKAM Akamai Technologies Inc. 0.02% 4,000 $435K Reduce -16.7%
BIO Bio-Rad Laboratories-A 0.01% 1,100 $380K New
ELF Elf Beauty Inc. 0.01% 1,900 $372K New
CTVA Corteva Inc. 0.01% 6,000 $346K No change
FCX Freeport-McMoran Inc. 0.01% 7,000 $329K No change
BA The Boeing Co. 0.01% 1,600 $309K Reduce -53.6%
AMD Advanced Micro Devices 0.01% 1,601 $289K Reduce -69.8%
DAL Delta Air Lines Inc. 0.01% 5,800 $278K No change
IR Ingersoll-Rand Inc. 0.01% 2,750 $261K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 2,400 $243K No change
NFLX Netflix Inc. 0.01% 400 $243K Reduce -62.6%
PFGC Performance Food Group Co. 0.01% 3,200 $239K New
DD Dupont DE Nemours Inc. 0.01% 3,000 $230K No change
DXCM Dexcom Inc. 0.01% 1,000 $139K Reduce -33.3%
BBU Brookfield Business PT-Unit 0.00% 4,960 $110K New
MMM 3M Co. 0.00% 700 $74K Reduce -72.0%
CEG Constellation Energy 0.00% 2 $370 No change
VLTO Veralto Corp. 0.00% 1 $89 No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 207$3.5BMFC, SPYM, TD, CNI, RY
Q1 2026 266$3.5BRY, SU, TD, BIP, CVE
Q4 2025 310$3.5BTD, RY, SLF, BCE, B
Q3 2025 254$3.3BTD, RY, RCI, BNS, PBA
Q2 2025 322$3.0BTD, RCI, RY, PBA, EMA
Q1 2025 314$2.9BTD, CM, MFC, RCI, PBA
Q4 2024 309$2.9BTD, SLF, CM, BMO, SU
Q3 2024 306$3.0BTD, CM, MFC, RCI, BNS
Q2 2024 259$2.7BTD, CM, MFC, SU, TU
Q1 2024 256$2.5BTD, CM, MFC, TU, BMO