Intact Investment Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Intact Investment Management Inc. reported 322 stock positions worth $3.0 billion. Its top holding was Toronto-Dominion Bank (TD) at 4.9% of the portfolio, followed by Rogers Communications Class B (RCI, 3.3%) and Royal Bank of Canada (RY, 3.2%). Compared with Q1 2025, it opened 46 new positions, sold out of 30, added to 101 and reduced 148. The biggest buy was a new position in Emera (EMA) and the biggest sale Can Imperial BK of Commerce (CM, shares −66%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001443077
Portfolio Value
$3.0B (Q2 2025)
SEC Filing
0001062993-25-014357 ↗ filed Aug 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $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 $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 322 stocks · $3.0B

TD Toronto-Dominion Bank 4.93% 1,979,735 $145.6M Reduce -18.7%
RCI Rogers Communications Inc. Class B 3.26% 3,247,331 $96.3M Add +11.4%
RY Royal Bank of Canada 3.23% 723,268 $95.3M Add +17.2%
PBA Pembina Pipeline Corp. 2.65% 2,084,864 $78.3M Add +7.2%
EMA Emera Inc. 2.61% 1,687,330 $77.1M New
MFC Manulife Financial Corp. 2.48% 2,293,115 $73.3M Reduce -9.3%
BCE Bce Inc. 2.40% 3,200,190 $71.0M Add +34.8%
NTR Nutrien Ltd. 2.34% 1,189,285 $69.3M Add +6.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 2.04% 1,092,122 $60.4M Reduce -0.3%
GIL Gildan Activewear Inc. 1.89% 1,134,563 $55.9M Reduce -4.7%
CP Canadian Pacific Kansas City 1.89% 702,401 $55.8M Add +16.5%
CNI Canadian Natl Railway Co. 1.76% 498,493 $51.9M Reduce -19.4%
SHOP Shopify Inc. Class A 1.68% 430,694 $49.7M Add +31.6%
CNQ Canadian Natural Resources 1.67% 1,574,670 $49.5M Reduce -13.4%
SU Suncor Energy Inc. 1.62% 1,275,844 $47.8M Reduce -1.0%
B Barrick Mining Corp. 1.56% 2,210,210 $46.0M Reduce -2.0%
BIP Brookfield Infrastructure Pa 1.55% 1,367,954 $45.8M Reduce -16.7%
QSR Restaurant Brands Intern 1.54% 686,591 $45.5M Reduce -2.1%
TRP TC Energy Corp. 1.51% 913,234 $44.6M Add +111.3%
GRTUF Granite Real Estate Investme 1.49% 864,470 $43.9M Add +9.7%
MGA Magna International Inc. 1.41% 1,076,338 $41.6M Add +10.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 1.28% 532,163 $37.8M Reduce -65.6%
ENB Enbridge Inc. 1.23% 801,573 $36.3M Reduce -45.0%
TU Telus Corp. 1.21% 2,220,362 $35.6M Add +15.5%
FTS Fortis Inc. 1.16% 719,010 $34.3M Add +63.3%
MSFT Microsoft Corp. 1.07% 63,500 $31.6M Reduce -18.1%
CVE Cenovus Energy Inc. 0.99% 2,155,288 $29.3M Reduce -30.8%
RBA RB Global Inc. 0.97% 269,822 $28.7M Add +0.4%
AEM Agnico Eagle Mines Ltd. 0.95% 234,850 $28.0M Reduce -20.8%
AQN Algonquin Power & Utilities 0.89% 4,622,619 $26.4M Reduce -12.5%
SLF Sun Life Financial Inc. 0.88% 388,877 $25.9M Reduce -70.3%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.87% 231,550 $25.7M Reduce -20.4%
AVGO Broadcom Inc. 0.82% 87,900 $24.2M Reduce -15.0%
GOOGL Alphabet Inc. Class A 0.80% 134,700 $23.7M Reduce -12.0%
CAE Cae Inc. 0.78% 790,400 $23.2M Reduce -3.6%
AAPL Apple Inc. 0.73% 105,100 $21.6M Reduce -6.5%
PM Philip Morris International 0.73% 118,000 $21.5M No change
BEP Brookfield Renewable Partner 0.73% 842,667 $21.5M Reduce -10.2%
BN Brookfield Corp. 0.71% 337,630 $20.9M Reduce -26.4%
SOBO South Bow Corp. 0.70% 800,360 $20.8M Add +14.8%
KGC Kinross Gold Corp. 0.65% 1,229,100 $19.2M Add +18.5%
ABBV Abbvie Inc. 0.65% 102,700 $19.1M Reduce -7.4%
CSCO Cisco Systems Inc. 0.61% 259,500 $18.0M Reduce -12.7%
OTEX Open Text Corp. 0.60% 603,140 $17.6M Reduce -0.5%
VZ Verizon Communications Inc. 0.59% 405,700 $17.6M Reduce -14.4%
AGI Alamos Gold Inc. Class A 0.57% 633,366 $16.8M Add +2.9%
KO The Coca-Cola Co. 0.56% 235,200 $16.6M Reduce -5.6%
PFE Pfizer Inc. 0.55% 668,600 $16.2M Reduce -10.2%
CCJ Cameco Corp. 0.54% 214,890 $16.0M Add +39.9%
MRK Merck & Co. Inc. 0.53% 198,500 $15.7M Reduce -8.1%
PRMB Primo Brands Corp. 0.51% 504,960 $15.0M Add +34.5%
IAG Iamgold Corp. 0.50% 2,016,081 $14.8M Add +4.9%
NVDA Nvidia Corp. 0.49% 92,100 $14.6M Add +11.0%
MEOH Methanex Corp. 0.49% 436,500 $14.4M Add +16.7%
BAM Brookfield Asset Mgmt-A 0.49% 259,590 $14.4M Add +95.3%
ASTL Algoma Steel Group Inc. 0.47% 2,007,006 $13.9M Add +37.1%
CVS CVS Health Corp. 0.46% 198,800 $13.7M Reduce -9.2%
META Meta Platforms Inc. Class A 0.46% 18,300 $13.5M Add +1.1%
PG The Procter & Gamble Co. 0.45% 83,600 $13.3M Add +14.7%
PEP Pepsico Inc. 0.45% 99,700 $13.2M Reduce -28.3%
HD Home Depot Inc. 0.45% 35,900 $13.2M Reduce -21.1%
T AT&T Inc. 0.43% 443,100 $12.8M Reduce -14.5%
MCD McDonald's Corp. 0.41% 41,861 $12.2M Reduce -21.4%
TXN Texas Instruments Inc. 0.41% 58,100 $12.1M Add +22.3%
JPM JPMorgan Chase & Co. 0.40% 40,500 $11.7M Reduce -15.6%
RTX RTX Corp. 0.39% 79,400 $11.6M Reduce -17.2%
TFII Tfi International Inc. 0.38% 125,813 $11.3M Reduce -5.9%
STN Stantec Inc. 0.38% 102,658 $11.2M Reduce -44.8%
DGT SS SPDR Global Dow ETF 0.37% 73,266 $11.0M No change
JNJ Johnson & Johnson 0.37% 71,389 $10.9M Reduce -18.2%
MO Altria Group Inc. 0.37% 185,500 $10.9M Reduce -34.1%
MS Morgan Stanley 0.35% 73,400 $10.3M Reduce -17.1%
TMUS T-Mobile US Inc. 0.33% 41,500 $9.9M Reduce -16.0%
DUK Duke Energy Corp. 0.33% 82,700 $9.8M Reduce -29.4%
MDLZ Mondelez International Inc. Class A 0.32% 141,700 $9.6M Reduce -16.8%
CCI Crown Castle Inc. 0.30% 86,200 $8.9M Reduce -20.8%
UNP Union Pacific Corp. 0.30% 38,300 $8.8M Add +345.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.29% 184,100 $8.7M Reduce -0.9%
ABT Abbott Laboratories 0.29% 62,600 $8.5M Reduce -33.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.28% 28,400 $8.4M Reduce -13.2%
ACN Accenture PLC Class A 0.28% 28,000 $8.4M Reduce -10.4%
UPS United Parcel Service Class B 0.28% 82,300 $8.3M Reduce -10.9%
CIGI Colliers Intl GR-Subord Vot 0.28% 63,040 $8.2M New
CL Colgate-Palmolive Co. 0.27% 89,300 $8.1M Reduce -13.0%
BLK BlackRock Inc. 0.27% 7,600 $8.0M Reduce -14.1%
CMCSA Comcast Corp. Class A 0.27% 223,200 $8.0M Reduce -33.8%
LMT Lockheed Martin Corp. 0.27% 17,100 $7.9M Reduce -12.1%
CVX Chevron Corp. 0.26% 53,600 $7.7M Reduce -18.8%
WPM Wheaton Precious Metals Corp. 0.26% 85,350 $7.7M Reduce -9.8%
WFC Wells Fargo & Co. 0.26% 95,700 $7.7M Reduce -6.9%
TAC Transalta Corp. 0.25% 692,550 $7.5M Add +26.1%
VET Vermilion Energy Inc. 0.25% 1,016,500 $7.4M Add +49.5%
USB US Bancorp 0.25% 160,900 $7.3M Reduce -11.1%
AMGN Amgen Inc. 0.24% 25,600 $7.1M Reduce -29.7%
TFC Truist Financial Corp. 0.23% 159,700 $6.9M Reduce -19.4%
AMZN Amazon.com Inc. 0.23% 31,200 $6.8M Add +15.1%
BTE Baytex Energy Corp. 0.23% 3,819,100 $6.8M Add +222.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 10,985 $6.8M No change
CRM Salesforce Inc. 0.22% 23,900 $6.5M Reduce -12.8%
NEE Nextera Energy Inc. 0.22% 93,800 $6.5M Add +6.2%
FNV Franco-Nevada Corp. 0.22% 39,140 $6.4M Add +101.0%
BTG B2GOLD Corp. 0.22% 1,765,900 $6.4M Reduce -47.8%
AVB Avalonbay Communities Inc. 0.21% 30,600 $6.2M Add +7.4%
DSGX The Descartes Systems Grp 0.21% 60,960 $6.2M Add +4254.3%
DOO BRP Inc./Ca- Sub Voting 0.21% 126,808 $6.2M Add +0.0%
WCN Waste Connections Inc. 0.20% 31,977 $6.0M Add +84.1%
SAND Sandstorm Gold Ltd. 0.20% 629,000 $5.9M Add +111.1%
HON Honeywell International Inc. 0.20% 25,200 $5.9M Reduce -19.8%
MU Micron Technology Inc. 0.19% 46,000 $5.7M Add +630.2%
COP Conocophillips 0.19% 63,000 $5.7M Reduce -11.9%
FRT Federal Realty Invs Trust 0.19% 58,500 $5.6M Add +30.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.19% 169,300 $5.5M Reduce -1.2%
GIB Cgi Inc. 0.18% 51,840 $5.4M Add +489.1%
C Citigroup Inc. 0.18% 63,500 $5.4M Reduce -11.2%
APD Air Products & Chemicals Inc. 0.18% 19,100 $5.4M Reduce -3.5%
CMS CMS Energy Corp. 0.17% 74,600 $5.2M Reduce -5.5%
AMAT Applied Materials Inc. 0.17% 28,100 $5.1M Reduce -12.7%
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.17% 508,729 $5.1M Reduce -16.5%
EXC Exelon Corp. 0.17% 117,000 $5.1M Reduce -14.7%
SRE Sempra 0.17% 66,700 $5.1M Reduce -14.6%
MKC McCormick & Co.-Non VTG SHRS 0.17% 65,800 $5.0M New
DNN Denison Mines Corp. 0.17% 2,727,100 $5.0M Add +32.7%
EMR Emerson Electric Co. 0.17% 36,600 $4.9M Reduce -14.3%
KEY Keycorp 0.16% 276,600 $4.8M Reduce -15.3%
HES Hess Corp. 0.16% 34,100 $4.7M Reduce -8.3%
AES AES Corp. 0.16% 441,500 $4.6M Reduce -11.0%
GILD Gilead Sciences Inc. 0.16% 41,500 $4.6M Reduce -9.4%
XEL Xcel Energy Inc. 0.16% 67,500 $4.6M Reduce -17.4%
EMN Eastman Chemical Co. 0.15% 60,300 $4.5M Add +71.3%
XOM Exxon Mobil Corp. 0.15% 41,400 $4.5M Reduce -7.0%
NKE Nike Inc. Class B 0.15% 62,800 $4.5M Reduce -49.3%
ADI Analog Devices Inc. 0.15% 18,500 $4.4M Reduce -43.6%
PLD Prologis Inc. 0.14% 39,700 $4.2M Reduce -19.0%
QCOM Qualcomm Inc. 0.14% 25,700 $4.1M No change
LSPD Lightspeed Commerce Inc. 0.14% 343,600 $4.0M Reduce -60.7%
BKR Baker Hughes Co. 0.13% 102,900 $3.9M New
FITB Fifth Third Bancorp 0.13% 95,900 $3.9M Add +34.1%
DD Dupont DE Nemours Inc. 0.13% 56,000 $3.8M Reduce -16.8%
EIX Edison International 0.13% 74,300 $3.8M Reduce -7.6%
USAS Americas Gold and Silver Cor 0.13% 4,740,800 $3.8M Reduce -10.0%
VLO Valero Energy Corp. 0.13% 28,400 $3.8M Add +7.6%
INTU Intuit Inc. 0.13% 4,800 $3.8M Reduce -14.3%
NOA North American Construction 0.13% 233,600 $3.7M Add +31.2%
NGD New Gold Inc. 0.12% 736,500 $3.7M Reduce -28.5%
SO The Southern Co. 0.12% 39,400 $3.6M Reduce -13.0%
MDT Medtronic PLC 0.12% 40,200 $3.5M Add +28.9%
VTR Ventas Inc. 0.11% 53,300 $3.4M Reduce -13.6%
WM Waste Management Inc. 0.11% 14,700 $3.4M Reduce -44.9%
TGT Target Corp. 0.11% 33,498 $3.3M Reduce -8.5%
ROST Ross Stores Inc. 0.11% 25,900 $3.3M Add +135.4%
GLW Corning Inc. 0.11% 62,800 $3.3M Reduce -9.8%
DOC Healthpeak Properties Inc. 0.11% 188,200 $3.3M Reduce -14.0%
CTRA Coterra Energy Inc. 0.11% 129,400 $3.3M Reduce -14.6%
STT State Street Corp. 0.11% 30,300 $3.2M Reduce -35.7%
SANG Sangoma Technologies Corp. 0.11% 519,025 $3.2M Reduce -5.9%
GM General Motors Co. 0.11% 63,600 $3.1M Reduce -39.6%
RF Regions Financial Corp. 0.11% 133,000 $3.1M New
TPR Tapestry Inc. 0.11% 35,600 $3.1M New
MCHP Microchip Technology Inc. 0.10% 44,000 $3.1M Reduce -45.5%
NTAP Netapp Inc. 0.10% 29,000 $3.1M Reduce -17.9%
EXK Endeavour Silver Corp. 0.10% 620,700 $3.1M Add +202.0%
SYY Sysco Corp. 0.10% 40,100 $3.0M Reduce -16.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.10% 30,900 $3.0M Reduce -12.7%
OR Or Royalties Inc. 0.10% 118,000 $3.0M Add +61.6%
MA Mastercard Inc. Class A 0.10% 5,336 $3.0M Add +105.2%
CGAU Centerra Gold Inc. 0.10% 401,400 $2.9M Add +200.7%
OKE Oneok Inc. 0.10% 35,400 $2.9M Add +4957.1%
O Realty Income Corp. 0.10% 49,700 $2.9M Reduce -37.7%
LRCX Lam Research Corp. 0.10% 29,200 $2.8M Reduce -53.9%
TASEKO MINES LTD 0.09% 879,300 $2.8M Add +412.7%
GS Goldman Sachs Group Inc. 0.09% 3,900 $2.8M Add +18.2%
LLY Eli Lilly & Co. 0.09% 3,380 $2.6M Add +26.6%
BMY Bristol-Myers Squibb Co. 0.09% 56,200 $2.6M Add +0.7%
TECK Teck Resources Ltd.-CLS B 0.09% 62,980 $2.5M Add +66.4%
EQIX Equinix Inc. 0.09% 3,196 $2.5M Reduce -27.0%
ORCL Oracle Corp. 0.09% 11,500 $2.5M No change
DOW Dow Inc. 0.09% 94,900 $2.5M Reduce -38.5%
DCBO Docebo Inc. 0.09% 86,700 $2.5M Reduce -15.5%
STZ Constellation Brands Inc. Class A 0.08% 15,100 $2.5M Reduce -31.7%
TER Teradyne Inc. 0.08% 26,600 $2.4M New
DG Dollar General Corp. 0.08% 20,900 $2.4M Reduce -26.9%
ARE Alexandria Real Estate Equit 0.08% 32,600 $2.4M Reduce -28.0%
ADP Automatic Data Processing 0.08% 7,400 $2.3M New
WMB Williams Cos Inc. 0.07% 34,900 $2.2M Reduce -9.1%
AMT American Tower Corp. 0.07% 9,600 $2.1M Reduce -9.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 17,000 $2.1M Add +61.1%
NOW ServiceNow Inc. 0.07% 1,990 $2.0M Add +1.0%
EXR Extra Space Storage Inc. 0.07% 13,600 $2.0M Reduce -12.8%
CLS Celestica Inc. 0.07% 12,810 $2.0M Reduce -50.4%
LOW Lowe's Cos Inc. 0.06% 8,500 $1.9M Add +136.1%
SII Sprott Inc. 0.06% 26,800 $1.9M No change
CMG Chipotle Mexican Grill Inc. 0.06% 32,800 $1.8M Add +10.1%
WFG West Fraser Timber Co. Ltd. 0.06% 23,900 $1.8M No change
BRK.B Berkshire Hathaway Inc. Class B 0.06% 3,600 $1.7M Reduce -5.3%
GOOG Alphabet Inc. Class C 0.06% 9,800 $1.7M Add +8.9%
DAL Delta Air Lines Inc. 0.06% 35,200 $1.7M Reduce -58.6%
WMT Walmart Inc. 0.06% 17,600 $1.7M Reduce -17.4%
SBUX Starbucks Corp. 0.06% 18,500 $1.7M No change
PH Parker Hannifin Corp. 0.05% 2,300 $1.6M Add +21.1%
BEPC Brookfield Renewable Corp. 0.05% 48,000 $1.6M Reduce -37.8%
MAG Mag Silver Corp. 0.05% 72,733 $1.5M Reduce -73.0%
TSLA Tesla Inc. 0.05% 4,800 $1.5M Add +14.3%
SPGI S&P Global Inc. 0.05% 2,845 $1.5M Add +5.4%
DELL Dell Technologies -C 0.05% 12,200 $1.5M Add +60.5%
ADBE Adobe Inc. 0.05% 3,785 $1.5M No change
DXCM Dexcom Inc. 0.05% 16,700 $1.5M Reduce -16.5%
WAB Wabtec Corp. 0.05% 6,900 $1.4M Reduce -31.0%
COF Capital One Financial Corp. 0.05% 6,400 $1.4M Add +33.3%
ELV Elevance Health Inc. 0.05% 3,500 $1.4M Reduce -6.7%
TMO Thermo Fisher Scientific Inc. 0.04% 3,200 $1.3M Add +3.2%
CPAY Corpay Inc. 0.04% 3,900 $1.3M No change
SBAC SBA Communications Corp. 0.04% 5,400 $1.3M Add +5.9%
BSX Boston Scientific Corp. 0.04% 11,500 $1.2M Add +117.0%
TFPM Triple Flag Precious Met 0.04% 52,000 $1.2M Reduce -50.9%
APO Apollo Global Management Inc. 0.04% 8,600 $1.2M Add +437.5%
KMB Kimberly-Clark Corp. 0.04% 9,300 $1.2M Reduce -39.2%
REGN Regeneron Pharmaceuticals 0.04% 2,280 $1.2M Add +192.3%
BA The Boeing Co. 0.04% 5,500 $1.2M Reduce -24.7%
NEM Newmont Corp. 0.04% 19,100 $1.1M Add +1173.3%
UBER Uber Technologies Inc. 0.04% 11,700 $1.1M No change
ETN Eaton Corp. PLC 0.04% 2,900 $1.0M Add +38.1%
SNPS Synopsys Inc. 0.03% 2,000 $1.0M Add +11.1%
GXO Gxo Logistics Inc. 0.03% 20,500 $998K No change
J Jacobs Solutions Inc. 0.03% 7,500 $986K Add +8.7%
WEC WEC Energy Group Inc. 0.03% 9,400 $979K No change
GEHC GE Healthcare Technology 0.03% 13,000 $963K New
NFLX Netflix Inc. 0.03% 700 $937K Add +75.0%
UNH Unitedhealth Group Inc. 0.03% 3,000 $936K Add +36.4%
MET Metlife Inc. 0.03% 11,500 $925K No change
V Visa Inc. Class A 0.03% 2,600 $923K Reduce -55.2%
MLM Martin Marietta Materials 0.03% 1,600 $878K No change
GMED Globus Medical Inc. Class A 0.03% 14,800 $873K Add +335.3%
ICE Intercontinental Exchange Inc. 0.03% 4,700 $862K No change
RJF Raymond James Financial Inc. 0.03% 5,500 $844K Reduce -36.8%
AKAM Akamai Technologies Inc. 0.03% 10,500 $837K No change
IQV Iqvia Holdings Inc. 0.03% 5,200 $819K Reduce -8.8%
BHC Bausch Health Cos Inc. 0.03% 117,500 $783K Reduce -36.6%
PHM Pultegroup Inc. 0.03% 7,400 $780K New
CMA Comerica Inc. 0.02% 12,100 $722K No change
TSCO Tractor Supply Company 0.02% 13,500 $712K New
LHX L3HARRIS Technologies Inc. 0.02% 2,600 $652K No change
PGR Progressive Corp. 0.02% 2,400 $640K New
ALL Allstate Corp. 0.02% 3,000 $604K Reduce -34.8%
SSRM SSR Mining Inc. 0.02% 46,300 $590K Reduce -1.7%
AIG American International Group 0.02% 6,600 $565K Reduce -10.8%
KKR KKR & Co. Inc. 0.02% 4,200 $559K New
COST Costco Wholesale Corp. 0.02% 540 $535K Reduce -1.8%
FCX Freeport-McMoran Inc. 0.02% 11,700 $507K No change
ADSK Autodesk Inc. 0.02% 1,600 $495K Add +33.3%
CAT Caterpillar Inc. 0.01% 1,000 $388K New
GE General Electric filed as GE AEROSPACE 0.01% 1,200 $309K New
BIPC Brookfield Infrastructure-A 0.01% 7,400 $308K Reduce -90.9%
MCK McKesson Corp. 0.01% 360 $264K New
WTW Willis Towers Watson PLC 0.01% 800 $245K Reduce -20.0%
UHS Universal Health Services-B 0.01% 1,300 $235K Add +30.0%
ELF Elf Beauty Inc. 0.01% 1,800 $224K Reduce -30.8%
PFGC Performance Food Group Co. 0.01% 2,500 $219K New
CEG Constellation Energy 0.01% 602 $194K Reduce -45.4%
AMTM Amentum Holdings Inc. 0.01% 7,319 $173K Add +6.1%
ARGX Argenx SE - ADR 0.00% 260 $143K New
COR Cencora Inc. 0.00% 300 $90K New
FFIV F5 Inc. 0.00% 300 $88K New
PSA Public Storage 0.00% 300 $88K Add +50.0%
MPC Marathon Petroleum Corp. 0.00% 500 $83K No change
CME Cme Group Inc. 0.00% 300 $83K No change
KEYS Keysight Technologies Inc. 0.00% 500 $82K Add +0.0%
INCY Incyte Corp. 0.00% 1,200 $82K No change
NI Nisource Inc. 0.00% 2,000 $81K Add +11.1%
SPG Simon Property Group Inc. 0.00% 500 $80K New
ED Consolidated Edison Inc. 0.00% 800 $80K New
MSCI MSCI Inc. 0.00% 138 $80K Add +16.0%
DTE DTE Energy Company 0.00% 600 $79K New
OTIS Otis Worldwide Corp. 0.00% 800 $79K Add +14.3%
KR Kroger Co. 0.00% 1,100 $79K New
CPT Camden Property Trust 0.00% 700 $79K Add +16.7%
BALL Ball Corp. 0.00% 1,400 $79K New
MAS Masco Corp. 0.00% 1,200 $77K Add +30.4%
CHD Church & Dwight Co. Inc. 0.00% 800 $77K Add +14.3%
MCO Moody's Corp. 0.00% 153 $77K New
KMI Kinder Morgan Inc. 0.00% 2,600 $76K New
ES Eversource Energy 0.00% 1,200 $76K New
KDP Keurig Dr Pepper Inc. 0.00% 2,300 $76K Add +9.5%
CNC Centene Corp. 0.00% 1,400 $76K Add +0.0%
SOLV Solventum Corp. 0.00% 1,000 $76K New
CAG Conagra Brands Inc. 0.00% 3,700 $76K New
PKG Packaging Corp. of America 0.00% 400 $75K New
GEV GE Vernova Inc. 0.00% 142 $75K Add +0.0%
VTRS Viatris Inc. 0.00% 8,400 $75K Add +2.4%
GL Globe Life Inc. 0.00% 600 $75K No change
CTVA Corteva Inc. 0.00% 1,000 $75K Reduce -9.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.00% 2,200 $74K Reduce -98.5%
PYPL PayPal Holdings Inc. 0.00% 1,000 $74K New
ITW Illinois Tool Works 0.00% 300 $74K New
FTNT Fortinet Inc. 0.00% 700 $74K New
JCI Johnson Controls Internation 0.00% 700 $74K Reduce -22.2%
UDR Udr Inc. 0.00% 1,800 $73K Add +12.5%
HAL Halliburton Co. 0.00% 3,600 $73K Add +33.3%
SCHW Schwab (charles) Corp. 0.00% 800 $73K Reduce -94.0%
BR Broadridge Financial Solutio 0.00% 300 $73K New
PAYX Paychex Inc. 0.00% 500 $73K New
AME Ametek Inc. 0.00% 400 $72K New
FOX Fox Corp. Class B 0.00% 1,400 $72K Add +7.7%
CLX Clorox Company 0.00% 600 $72K Reduce -98.1%
GDDY GoDaddy Inc. Class A 0.00% 400 $72K No change
PNR Pentair PLC 0.00% 700 $72K Add +0.0%
JBHT Hunt (jb) Transprt SVCS Inc. 0.00% 500 $72K Add +0.0%
ANET Arista Networks Inc. 0.00% 700 $72K Reduce -22.2%
A Agilent Technologies Inc. 0.00% 600 $71K No change
IEX Idex Corp. 0.00% 400 $70K New
EXE Expand Energy Corp. 0.00% 600 $70K New
FISV Fiserv Inc. 0.00% 400 $69K Add +33.3%
PTC PTC Inc. 0.00% 400 $69K New
CAH Cardinal Health Inc. 0.00% 400 $67K New
JBL Jabil Inc. 0.00% 300 $65K Reduce -40.0%
AXP American Express Co. 0.00% 200 $64K New
PODD Insulet Corp. 0.00% 200 $63K New
CDNS Cadence Design SYS Inc. 0.00% 200 $62K New
FTV Fortive Corp. 0.00% 1,100 $57K New
BBU Brookfield Business PT-Unit 0.00% 2,100 $55K No change
RAL Ralliant Corp. 0.00% 333 $16K New
AMD Advanced Micro Devices 0.00% 1 $142 Reduce -100.0%
VLTO Veralto Corp. 0.00% 1 $101 Reduce -99.9%

Portfolio Sells Q1 2025 → Q2 2025

CM Can Imperial BK of Commerce Reduce -65.6% 1.28% −1.71
SLF Sun Life Financial Inc. Reduce -70.3% 0.88% −1.69
VRN Veren Inc. Sold out 0.00% −1.30
ENB Enbridge Inc. Reduce -45.0% 1.23% −0.98
CVE Cenovus Energy Inc. Reduce -30.8% 0.99% −0.49
CNI Canadian Natl Railway Co. Reduce -19.4% 1.76% −0.31
PEP Pepsico Inc. Reduce -28.3% 0.45% −0.27
CNQ Canadian Natural Resources Reduce -13.4% 1.67% −0.24
MFC Manulife Financial Corp. Reduce -9.3% 2.48% −0.22
CSX CSX Corp. Sold out 0.00% −0.22
MO Altria Group Inc. Reduce -34.1% 0.37% −0.21
SLB SLB Ltd. Reduce -98.5% 0.00% −0.21
CLX Clorox Company Reduce -98.1% 0.00% −0.16
DUK Duke Energy Corp. Reduce -29.4% 0.33% −0.16
CMCSA Comcast Corp. Class A Reduce -33.8% 0.27% −0.16
MCD McDonald's Corp. Reduce -21.4% 0.41% −0.16
AEM Agnico Eagle Mines Ltd. Reduce -20.8% 0.95% −0.15
ABBV Abbvie Inc. Reduce -7.4% 0.65% −0.15
STN Stantec Inc. Reduce -44.8% 0.38% −0.15
AMGN Amgen Inc. Reduce -29.7% 0.24% −0.15
VZ Verizon Communications Inc. Reduce -14.4% 0.59% −0.14
ABT Abbott Laboratories Reduce -33.5% 0.29% −0.14
MRK Merck & Co. Inc. Reduce -8.1% 0.53% −0.13
JNJ Johnson & Johnson Reduce -18.2% 0.37% −0.13
AAPL Apple Inc. Reduce -6.5% 0.73% −0.13
HD Home Depot Inc. Reduce -21.1% 0.45% −0.13
LSPD Lightspeed Commerce Inc. Reduce -60.7% 0.14% −0.13
BIP Brookfield Infrastructure Pa Reduce -16.7% 1.55% −0.12
CVX Chevron Corp. Reduce -18.8% 0.26% −0.12
NKE Nike Inc. Class B Reduce -49.3% 0.15% −0.12
TMUS T-Mobile US Inc. Reduce -16.0% 0.33% −0.12
BN Brookfield Corp. Reduce -26.4% 0.71% −0.12
BTG B2GOLD Corp. Reduce -47.8% 0.22% −0.11
KHC The Kraft Heinz Co. Sold out 0.00% −0.11
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.11
FIS Fidelity National Info Serv Sold out 0.00% −0.10
DOW Dow Inc. Reduce -38.5% 0.09% −0.10
PFE Pfizer Inc. Reduce -10.2% 0.55% −0.10
WM Waste Management Inc. Reduce -44.9% 0.11% −0.10
SU Suncor Energy Inc. Reduce -1.0% 1.62% −0.09
BIPC Brookfield Infrastructure-A Reduce -90.9% 0.01% −0.09
CCI Crown Castle Inc. Reduce -20.8% 0.30% −0.09
PDS Precision Drilling Corp. Sold out 0.00% −0.09
MAG Mag Silver Corp. Reduce -73.0% 0.05% −0.09
BMO Bank of Montreal Reduce -20.4% 0.87% −0.08
ADI Analog Devices Inc. Reduce -43.6% 0.15% −0.08
TD Toronto-Dominion Bank Reduce -18.7% 4.93% −0.08
MDLZ Mondelez International Inc. Class A Reduce -16.8% 0.32% −0.07
HBM Hudbay Minerals Inc. Sold out 0.00% −0.07
T AT&T Inc. Reduce -14.5% 0.43% −0.07

Portfolio Buys Q1 2025 → Q2 2025

EMA Emera Inc. New 2.61% +2.61
RY Royal Bank of Canada Add +17.2% 3.23% +0.84
TRP TC Energy Corp. Add +111.3% 1.51% +0.81
SHOP Shopify Inc. Class A Add +31.6% 1.68% +0.61
RCI Rogers Communications Inc. Class B Add +11.4% 3.26% +0.59
BCE Bce Inc. Add +34.8% 2.40% +0.53
FTS Fortis Inc. Add +63.3% 1.16% +0.47
NTR Nutrien Ltd. Add +6.6% 2.34% +0.45
CP Canadian Pacific Kansas City Add +16.5% 1.89% +0.44
CCJ Cameco Corp. Add +39.9% 0.54% +0.32
CIGI Colliers Intl GR-Subord Vot New 0.28% +0.28
MGA Magna International Inc. Add +10.6% 1.41% +0.27
BAM Brookfield Asset Mgmt-A Add +95.3% 0.49% +0.27
TU Telus Corp. Add +15.5% 1.21% +0.26
UNP Union Pacific Corp. Add +345.4% 0.30% +0.23
GRTUF Granite Real Estate Investme Add +9.7% 1.49% +0.23
DOO BRP Inc./Ca- Sub Voting Add +0.0% 0.21% +0.21
DSGX The Descartes Systems Grp Add +4254.3% 0.21% +0.20
KGC Kinross Gold Corp. Add +18.5% 0.65% +0.20
ASTL Algoma Steel Group Inc. Add +37.1% 0.47% +0.20
NVDA Nvidia Corp. Add +11.0% 0.49% +0.18
MU Micron Technology Inc. Add +630.2% 0.19% +0.17
MKC McCormick & Co.-Non VTG SHRS New 0.17% +0.17
GIB Cgi Inc. Add +489.1% 0.18% +0.15
BTE Baytex Energy Corp. Add +222.4% 0.23% +0.14
BKR Baker Hughes Co. New 0.13% +0.13
SAND Sandstorm Gold Ltd. Add +111.1% 0.20% +0.12
TXN Texas Instruments Inc. Add +22.3% 0.41% +0.12
FNV Franco-Nevada Corp. Add +101.0% 0.22% +0.11
RF Regions Financial Corp. New 0.11% +0.11
TPR Tapestry Inc. New 0.11% +0.11
META Meta Platforms Inc. Class A Add +1.1% 0.46% +0.10
OKE Oneok Inc. Add +4957.1% 0.10% +0.10
SOBO South Bow Corp. Add +14.8% 0.70% +0.09
IAG Iamgold Corp. Add +4.9% 0.50% +0.09
WCN Waste Connections Inc. Add +84.1% 0.20% +0.09
TER Teradyne Inc. New 0.08% +0.08
TASEKO MINES LTD Add +412.7% 0.09% +0.08
ADP Automatic Data Processing New 0.08% +0.08
TAC Transalta Corp. Add +26.1% 0.25% +0.08
DNN Denison Mines Corp. Add +32.7% 0.17% +0.08
EXK Endeavour Silver Corp. Add +202.0% 0.10% +0.07
CGAU Centerra Gold Inc. Add +200.7% 0.10% +0.07
ROST Ross Stores Inc. Add +135.4% 0.11% +0.06
VET Vermilion Energy Inc. Add +49.5% 0.25% +0.06
AMZN Amazon.com Inc. Add +15.1% 0.23% +0.05
MA Mastercard Inc. Class A Add +105.2% 0.10% +0.05
OR Or Royalties Inc. Add +61.6% 0.10% +0.05
PRMB Primo Brands Corp. Add +34.5% 0.51% +0.05
EMN Eastman Chemical Co. Add +71.3% 0.15% +0.05

Notes & Other Activity Q1 2025 → Q2 2025

BDX Becton Dickinson and Co. COM Reduce -100.0% 0 $0
MPWR Monolithic Power Systems Inc. COM Reduce -100.0% 0 $0
DVN Devon Energy Corp. COM Reduce -100.0% 0 $0
ON On Semiconductor COM Reduce -100.0% 0 $0
ESS Essex Property Trust Inc. COM Reduce -100.0% 0 $0
KLAC KLA Corp. COM NEW Reduce -100.0% 0 $0
FDX FedEx Corp. COM Reduce -100.0% 0 $0
TRGP Targa Resources Corp. COM Reduce -100.0% 0 $0
NDAQ Nasdaq Inc. COM Reduce -100.0% 0 $0
ROL Rollins Inc. COM Reduce -100.0% 0 $0
ENPH Enphase Energy Inc. COM Reduce -100.0% 0 $0
IR Ingersoll-Rand Inc. COM Reduce -100.0% 0 $0
HPQ HP Inc. COM Reduce -100.0% 0 $0
AOS Smith (a.o.) Corp. COM Reduce -100.0% 0 $0
BNY Bank of New York Mellon Corp. COM Sold out 0 $0before exit
BX Blackstone Inc. COM New 0 $0
DVA Davita Inc. COM New 0 $0
EOG EOG Resources Inc. COM New 0 $0
EXPD Expeditors Intl Wash Inc. COM Sold out 0 $0before exit
FSM Fortuna Mining Corp. COM NEW New 0 $0
GPN Global Payments Inc. COM New 0 $0
HPE Hewlett Packard Enterprise COM Sold out 0 $0before exit
IPG Interpublic Group of Cos Inc. COM Sold out 0 $0before exit
MTD Mettler-Toledo International COM Sold out 0 $0before exit
MOS The Mosaic Co. COM Sold out 0 $0before exit
PCG P G & E Corp. COM New 0 $0
WBA Walgreens Boots Alliance Inc. COM New 0 $0
WDAY Workday Inc. Class A CL A New 0 $0

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