Intact Investment Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Intact Investment Management Inc. reported 309 stock positions worth $2.9 billion. Its top holding was Toronto-Dominion Bank (TD) at 5.7% of the portfolio, followed by Sun Life Financial (SLF, 4.0%) and Can Imperial BK of Commerce (CM, 3.4%). Compared with Q3 2024, it opened 42 new positions, sold out of 35, added to 121 and reduced 128. The biggest buy was Sun Life Financial (SLF, shares +295%) and the biggest sale Telus (TU, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001443077
- Portfolio Value
- $2.9B (Q4 2024)
- SEC Filing
- 0001062993-25-001919 ↗ filed Feb 10, 2025
Holdings Value
Holdings 309 stocks · $2.9B
| TD Toronto-Dominion Bank | 5.67% | 3,049,215 | $162.3M | Add +19.6% |
| SLF Sun Life Financial Inc. | 3.96% | 1,911,027 | $113.5M | Add +295.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 3.45% | 1,560,123 | $98.7M | Reduce -10.6% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 2.70% | 797,460 | $77.4M | Add +35.6% |
| SU Suncor Energy Inc. | 2.66% | 2,131,184 | $76.1M | Add +1.2% |
| MFC Manulife Financial Corp. | 2.31% | 2,157,355 | $66.3M | Reduce -30.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.29% | 1,221,882 | $65.6M | Reduce -21.9% |
| PBA Pembina Pipeline Corp. | 2.22% | 1,721,374 | $63.6M | Reduce -12.9% |
| ENB Enbridge Inc. | 2.16% | 1,460,173 | $62.0M | Reduce -14.5% |
| RBA RB Global Inc. | 2.01% | 638,838 | $57.7M | Add +0.6% |
| RCI Rogers Communications Inc. Class B | 2.01% | 1,871,231 | $57.5M | Reduce -17.0% |
| BIP Brookfield Infrastructure Pa | 1.94% | 1,745,974 | $55.5M | Add +52.1% |
| GIL Gildan Activewear Inc. | 1.74% | 1,057,520 | $49.8M | Add +7.1% |
| BCE Bce Inc. | 1.57% | 1,945,270 | $45.1M | Add +42.9% |
| CNI Canadian Natl Railway Co. | 1.47% | 415,449 | $42.2M | Add +6.9% |
| QSR Restaurant Brands Intern | 1.43% | 626,191 | $40.8M | Reduce -27.6% |
| RY Royal Bank of Canada | 1.41% | 334,585 | $40.3M | Add +7.8% |
| CVE Cenovus Energy Inc. | 1.38% | 2,611,948 | $39.6M | Add +9.4% |
| NTR Nutrien Ltd. | 1.35% | 863,678 | $38.6M | Reduce -6.3% |
| BN Brookfield Corp. | 1.34% | 668,600 | $38.4M | Add +4.0% |
| MSFT Microsoft Corp. | 1.07% | 72,400 | $30.5M | Add +114.2% |
| GRTUF Granite Real Estate Investme | 1.06% | 624,410 | $30.3M | Add +4.5% |
| CNQ Canadian Natural Resources | 1.05% | 975,880 | $30.1M | Add +30.9% |
| BEP Brookfield Renewable Partner | 1.03% | 1,295,307 | $29.5M | Reduce -13.7% |
| SHOP Shopify Inc. Class A | 1.02% | 273,124 | $29.1M | Reduce -17.6% |
| GOOGL Alphabet Inc. Class A | 0.99% | 149,500 | $28.3M | Add +491.4% |
| AAPL Apple Inc. | 0.98% | 112,580 | $28.2M | Add +160.0% |
| LSPD Lightspeed Commerce Inc. | 0.91% | 1,707,257 | $26.0M | Add +94.5% |
| TU Telus Corp. | 0.88% | 1,857,462 | $25.2M | Reduce -54.2% |
| AQN Algonquin Power & Utilities | 0.83% | 5,329,019 | $23.6M | Reduce -4.7% |
| AVGO Broadcom Inc. | 0.81% | 100,100 | $23.2M | Add +259.9% |
| B Barrick Gold Corp. | 0.80% | 1,468,020 | $22.8M | Reduce -40.7% |
| MRK Merck & Co. Inc. | 0.74% | 212,600 | $21.1M | Add +27.9% |
| ABBV Abbvie Inc. | 0.69% | 111,200 | $19.8M | Reduce -1.6% |
| PFE Pfizer Inc. | 0.69% | 744,400 | $19.7M | Add +70.2% |
| TAC Transalta Corp. | 0.66% | 1,343,450 | $19.0M | Reduce -16.3% |
| PM Philip Morris International | 0.66% | 157,500 | $19.0M | Reduce -29.3% |
| VZ Verizon Communications Inc. | 0.66% | 473,800 | $18.9M | Add +13.9% |
| AEM Agnico Eagle Mines Ltd. | 0.66% | 239,870 | $18.8M | Add +15.1% |
| PEP Pepsico Inc. | 0.65% | 122,600 | $18.6M | Reduce -13.8% |
| CSCO Cisco Systems Inc. | 0.63% | 306,000 | $18.1M | Reduce -5.9% |
| MGA Magna International Inc. | 0.62% | 422,138 | $17.6M | Reduce -24.6% |
| HD Home Depot Inc. | 0.61% | 44,995 | $17.5M | Reduce -20.9% |
| BTG B2GOLD Corp. | 0.60% | 6,959,400 | $17.0M | Reduce -10.9% |
| AGI Alamos Gold Inc. Class A | 0.58% | 902,560 | $16.6M | Add +43.0% |
| VRN Veren Inc. | 0.58% | 3,219,016 | $16.5M | Reduce -41.0% |
| TRP TC Energy Corp. | 0.57% | 348,804 | $16.3M | Reduce -26.0% |
| MCD McDonald's Corp. | 0.54% | 53,261 | $15.4M | Reduce -7.3% |
| KO The Coca-Cola Co. | 0.54% | 246,200 | $15.3M | Add +41.4% |
| CP Canadian Pacific Kansas City | 0.53% | 208,461 | $15.1M | Reduce -35.1% |
| IAG Iamgold Corp. | 0.49% | 2,733,450 | $14.1M | Add +158.4% |
| KGC Kinross Gold Corp. | 0.49% | 1,510,040 | $14.0M | Add +4059.9% |
| CAE Cae Inc. | 0.48% | 542,080 | $13.8M | New |
| UPS United Parcel Service Class B | 0.47% | 106,400 | $13.4M | Add +3.8% |
| WFC Wells Fargo & Co. | 0.46% | 187,000 | $13.1M | Add +3.8% |
| FNV Franco-Nevada Corp. | 0.46% | 110,890 | $13.0M | Add +155.2% |
| MEOH Methanex Corp. | 0.45% | 257,700 | $12.9M | Add +7.3% |
| CCJ Cameco Corp. | 0.44% | 246,880 | $12.7M | Add +17.6% |
| CMCSA Comcast Corp. Class A | 0.44% | 336,900 | $12.6M | Reduce -5.8% |
| DUK Duke Energy Corp. | 0.44% | 117,100 | $12.6M | Add +136.4% |
| CVS CVS Health Corp. | 0.43% | 274,000 | $12.3M | Add +240.8% |
| JNJ Johnson & Johnson | 0.43% | 84,589 | $12.2M | Reduce -7.9% |
| PG The Procter & Gamble Co. | 0.43% | 72,800 | $12.2M | Reduce -21.2% |
| TRI Thomson Reuters Corp. | 0.42% | 75,099 | $12.1M | Add +8152.6% |
| ATS Ats Corp. | 0.42% | 392,160 | $12.0M | Add +46.3% |
| RTX RTX Corp. | 0.41% | 102,400 | $11.8M | Reduce -13.2% |
| T AT&T Inc. | 0.41% | 518,900 | $11.8M | Reduce -38.8% |
| JPM JPMorgan Chase & Co. | 0.41% | 48,400 | $11.6M | Reduce -4.3% |
| ASTL Algoma Steel Group Inc. | 0.40% | 1,174,900 | $11.5M | Reduce -9.5% |
| TXN Texas Instruments Inc. | 0.40% | 60,500 | $11.3M | Reduce -14.4% |
| ABT Abbott Laboratories | 0.39% | 98,400 | $11.1M | Reduce -8.0% |
| MS Morgan Stanley | 0.39% | 87,900 | $11.1M | Reduce -19.9% |
| ACN Accenture PLC Class A | 0.38% | 31,250 | $11.0M | Add +691.1% |
| TMUS T-Mobile US Inc. | 0.38% | 49,400 | $10.9M | Add +825.1% |
| CCI Crown Castle Inc. | 0.37% | 117,000 | $10.6M | Add +6.3% |
| MO Altria Group Inc. | 0.37% | 202,100 | $10.6M | Reduce -21.6% |
| META Meta Platforms Inc. Class A | 0.37% | 17,900 | $10.5M | Add +231.5% |
| UNP Union Pacific Corp. | 0.36% | 45,800 | $10.4M | Add +20.2% |
| CVX Chevron Corp. | 0.36% | 72,000 | $10.4M | Add +3.7% |
| DGT SS SPDR Global Dow ETF | 0.34% | 73,266 | $9.7M | No change |
| AMGN Amgen Inc. | 0.34% | 37,100 | $9.7M | Add +43.8% |
| NKE Nike Inc. Class B | 0.33% | 123,900 | $9.4M | New |
| CRM Salesforce Inc. | 0.32% | 27,600 | $9.2M | Add +415.9% |
| LYB Lyondellbasell Indu Class A | 0.32% | 123,300 | $9.2M | Add +92.5% |
| BLK BlackRock Inc. | 0.32% | 8,850 | $9.1M | Reduce -21.3% |
| TFC Truist Financial Corp. | 0.30% | 198,200 | $8.6M | Reduce -3.3% |
| NVDA Nvidia Corp. | 0.29% | 61,400 | $8.2M | Reduce -18.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 185,600 | $8.2M | Reduce -6.0% |
| SOBO South Bow Corp. | 0.26% | 313,460 | $7.4M | Add +232.6% |
| CL Colgate-Palmolive Co. | 0.26% | 81,300 | $7.4M | Add +11514.3% |
| KMB Kimberly-Clark Corp. | 0.26% | 56,100 | $7.4M | Reduce -18.3% |
| ADI Analog Devices Inc. | 0.26% | 34,400 | $7.3M | Add +571.9% |
| FTS Fortis Inc. | 0.25% | 174,800 | $7.3M | Reduce -23.2% |
| OTEX Open Text Corp. | 0.25% | 256,240 | $7.3M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 32,700 | $7.2M | Reduce -29.8% |
| WCN Waste Connections Inc. | 0.25% | 41,087 | $7.0M | Reduce -39.0% |
| MDLZ Mondelez International Inc. Class A | 0.24% | 113,900 | $6.8M | Reduce -28.4% |
| AMZN Amazon.com Inc. | 0.23% | 30,000 | $6.6M | Reduce -3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 10,985 | $6.4M | No change |
| EIX Edison International | 0.22% | 80,100 | $6.4M | Add +9435.7% |
Portfolio Sells Q3 2024 → Q4 2024
| TU Telus Corp. | Reduce -54.2% | 0.88% | −1.38 |
| PRMB Primo Brands Corp. | Reduce -89.7% | 0.15% | −1.00 |
| RCI Rogers Communications Inc. Class B | Reduce -17.0% | 2.01% | −1.00 |
| B Barrick Gold Corp. | Reduce -40.7% | 0.80% | −0.84 |
| MFC Manulife Financial Corp. | Reduce -30.5% | 2.31% | −0.73 |
| QSR Restaurant Brands Intern | Reduce -27.6% | 1.43% | −0.65 |
| VRN Veren Inc. | Reduce -41.0% | 0.58% | −0.54 |
| BNS Bank of Nova Scotia | Reduce -21.9% | 2.29% | −0.54 |
| PBA Pembina Pipeline Corp. | Reduce -12.9% | 2.22% | −0.49 |
| BMY Bristol-Myers Squibb Co. | Reduce -81.7% | 0.11% | −0.41 |
| GIB Cgi Inc. | Reduce -73.3% | 0.14% | −0.40 |
| CP Canadian Pacific Kansas City | Reduce -35.1% | 0.53% | −0.39 |
| BEP Brookfield Renewable Partner | Reduce -13.7% | 1.03% | −0.38 |
| NEE Nextera Energy Inc. | Reduce -60.8% | 0.20% | −0.36 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.36 |
| ADP Automatic Data Processing | Reduce -98.3% | 0.01% | −0.32 |
| WEC WEC Energy Group Inc. | Reduce -89.9% | 0.04% | −0.31 |
| SO The Southern Co. | Reduce -68.3% | 0.13% | −0.30 |
| CIGI Colliers Intl GR-Subord Vot | Sold out | 0.00% | −0.29 |
| TECK Teck Resources Ltd.-CLS B | Reduce -67.2% | 0.11% | −0.29 |
| PLD Prologis Inc. | Reduce -53.4% | 0.18% | −0.26 |
| GILD Gilead Sciences Inc. | Reduce -67.1% | 0.15% | −0.24 |
| PM Philip Morris International | Reduce -29.3% | 0.66% | −0.24 |
| PEG Public Service Enterprise GP | Reduce -99.0% | 0.00% | −0.24 |
| F Ford Motor Co. | Sold out | 0.00% | −0.22 |
| T AT&T Inc. | Reduce -38.8% | 0.41% | −0.21 |
| BTG B2GOLD Corp. | Reduce -10.9% | 0.60% | −0.21 |
| SSRM SSR Mining Inc. | Reduce -97.4% | 0.01% | −0.20 |
| LHX L3HARRIS Technologies Inc. | Reduce -90.6% | 0.02% | −0.20 |
| AQN Algonquin Power & Utilities | Reduce -4.7% | 0.83% | −0.19 |
| REG Regency Centers Corp. | Reduce -90.5% | 0.02% | −0.19 |
| GEN Gen Digital Inc. | Reduce -98.8% | 0.00% | −0.19 |
| TRP TC Energy Corp. | Reduce -26.0% | 0.57% | −0.18 |
| AMT American Tower Corp. | Reduce -64.9% | 0.07% | −0.17 |
| HON Honeywell International Inc. | Reduce -63.8% | 0.12% | −0.16 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −0.16 |
| HD Home Depot Inc. | Reduce -20.9% | 0.61% | −0.15 |
| WCN Waste Connections Inc. | Reduce -39.0% | 0.25% | −0.15 |
| PEP Pepsico Inc. | Reduce -13.8% | 0.65% | −0.15 |
| MDLZ Mondelez International Inc. Class A | Reduce -28.4% | 0.24% | −0.15 |
| MGA Magna International Inc. | Reduce -24.6% | 0.62% | −0.15 |
| APD Air Products & Chemicals Inc. | Reduce -43.6% | 0.20% | −0.15 |
| CSX CSX Corp. | Sold out | 0.00% | −0.14 |
| ENB Enbridge Inc. | Reduce -14.5% | 2.16% | −0.14 |
| MLM Martin Marietta Materials | Reduce -86.5% | 0.02% | −0.14 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.12 |
| NTR Nutrien Ltd. | Reduce -6.3% | 1.35% | −0.12 |
| TGT Target Corp. | Reduce -54.4% | 0.09% | −0.12 |
| MCK McKesson Corp. | Reduce -98.6% | 0.00% | −0.12 |
| CM Can Imperial BK of Commerce | Reduce -10.6% | 3.45% | −0.11 |
Portfolio Buys Q3 2024 → Q4 2024
| SLF Sun Life Financial Inc. | Add +295.5% | 3.96% | +3.03 |
| BMO Bank of Montreal | Add +35.6% | 2.70% | +0.94 |
| GOOGL Alphabet Inc. Class A | Add +491.4% | 0.99% | +0.85 |
| AVGO Broadcom Inc. | Add +259.9% | 0.81% | +0.65 |
| AAPL Apple Inc. | Add +160.0% | 0.98% | +0.65 |
| BIP Brookfield Infrastructure Pa | Add +52.1% | 1.94% | +0.60 |
| MSFT Microsoft Corp. | Add +114.2% | 1.07% | +0.58 |
| CAE Cae Inc. | New | 0.48% | +0.48 |
| KGC Kinross Gold Corp. | Add +4059.9% | 0.49% | +0.48 |
| LSPD Lightspeed Commerce Inc. | Add +94.5% | 0.91% | +0.43 |
| TRI Thomson Reuters Corp. | Add +8152.6% | 0.42% | +0.42 |
| TMUS T-Mobile US Inc. | Add +825.1% | 0.38% | +0.34 |
| ACN Accenture PLC Class A | Add +691.1% | 0.38% | +0.34 |
| NKE Nike Inc. Class B | New | 0.33% | +0.33 |
| RBA RB Global Inc. | Add +0.6% | 2.01% | +0.32 |
| TD Toronto-Dominion Bank | Add +19.6% | 5.67% | +0.32 |
| IAG Iamgold Corp. | Add +158.4% | 0.49% | +0.31 |
| FNV Franco-Nevada Corp. | Add +155.2% | 0.46% | +0.28 |
| CRM Salesforce Inc. | Add +415.9% | 0.32% | +0.27 |
| PFE Pfizer Inc. | Add +70.2% | 0.69% | +0.27 |
| META Meta Platforms Inc. Class A | Add +231.5% | 0.37% | +0.26 |
| CVS CVS Health Corp. | Add +240.8% | 0.43% | +0.26 |
| CL Colgate-Palmolive Co. | Add +11514.3% | 0.26% | +0.26 |
| DUK Duke Energy Corp. | Add +136.4% | 0.44% | +0.25 |
| CNQ Canadian Natural Resources | Add +30.9% | 1.05% | +0.23 |
| EIX Edison International | Add +9435.7% | 0.22% | +0.22 |
| ADI Analog Devices Inc. | Add +571.9% | 0.26% | +0.22 |
| HES Hess Corp. | New | 0.21% | +0.21 |
| BN Brookfield Corp. | Add +4.0% | 1.34% | +0.21 |
| GIL Gildan Activewear Inc. | Add +7.1% | 1.74% | +0.19 |
| SOBO South Bow Corp. | Add +232.6% | 0.26% | +0.18 |
| BWA Borgwarner Inc. | New | 0.18% | +0.18 |
| WM Waste Management Inc. | Add +509.6% | 0.21% | +0.17 |
| AGI Alamos Gold Inc. Class A | Add +43.0% | 0.58% | +0.16 |
| AMAT Applied Materials Inc. | New | 0.16% | +0.16 |
| LRCX Lam Research Corp. | New | 0.16% | +0.16 |
| ATS Ats Corp. | Add +46.3% | 0.42% | +0.16 |
| ORCL Oracle Corp. | New | 0.14% | +0.14 |
| LMT Lockheed Martin Corp. | Add +6900.0% | 0.14% | +0.14 |
| MPWR Monolithic Power Systems Inc. | New | 0.13% | +0.13 |
| BIPC Brookfield Infrastructure-A | New | 0.13% | +0.13 |
| RY Royal Bank of Canada | Add +7.8% | 1.41% | +0.12 |
| WFC Wells Fargo & Co. | Add +3.8% | 0.46% | +0.12 |
| MEOH Methanex Corp. | Add +7.3% | 0.45% | +0.12 |
| KO The Coca-Cola Co. | Add +41.4% | 0.54% | +0.12 |
| LYB Lyondellbasell Indu Class A | Add +92.5% | 0.32% | +0.12 |
| MRK Merck & Co. Inc. | Add +27.9% | 0.74% | +0.11 |
| ORLA Orla Mining Ltd. | New | 0.11% | +0.11 |
| CCJ Cameco Corp. | Add +17.6% | 0.44% | +0.11 |
| NTAP Netapp Inc. | New | 0.10% | +0.10 |
Notes & Other Activity Q3 2024 → Q4 2024
| GPC Genuine Parts Co. | COM | Reduce -100.0% | 0 | $0 |
| OXY Occidental Petroleum Corp. | COM | Reduce -100.0% | 0 | $0 |
| VRSN Verisign Inc. | COM | Reduce -100.0% | 0 | $0 |
| ED Consolidated Edison Inc. | COM | Reduce -100.0% | 0 | $0 |
| SPG Simon Property Group Inc. | COM | Reduce -100.0% | 0 | $0 |
| CHRW C.H. Robinson Worldwide Inc. | COM NEW | New | 0 | $0 |
| DVA Davita Inc. | COM | New | 0 | $0 |
| DELL Dell Technologies -C | CL C | New | 0 | $0 |
| INTC Intel Corp. | COM | New | 0 | $0 |
| MRSH Marsh & McLennan Cos | COM | New | 0 | $0 |
| PSA Public Storage | COM | New | 0 | $0 |
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 |