Intact Investment Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Intact Investment Management Inc. reported 310 stock positions worth $3.5 billion. Its top holding was Toronto-Dominion Bank (TD) at 6.3% of the portfolio, followed by Royal Bank of Canada (RY, 3.8%) and Sun Life Financial (SLF, 3.6%). Compared with Q3 2025, it opened 79 new positions, sold out of 24, added to 100 and reduced 105. The biggest buy was Sun Life Financial (SLF, shares +58%) and the biggest sale Bank of Nova Scotia (BNS, shares −74%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001443077
Portfolio Value
$3.5B (Q4 2025)
SEC Filing
0001062993-26-000526 ↗ filed Feb 2, 2026

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 Q2 2025 Q3 2025: $3.3B Q3 2025 Q4 2025: $3.5B $3.5B Q4 2025 Q1 2026: $3.5B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 310 stocks · $3.5B

TD Toronto-Dominion Bank 6.26% 2,309,626 $217.7M Add +4.7%
RY Royal Bank of Canada 3.79% 772,259 $131.6M Reduce -6.0%
SLF Sun Life Financial Inc. 3.61% 2,012,083 $125.6M Add +58.3%
BCE Bce Inc. 2.64% 3,848,390 $91.8M Add +23.3%
B Barrick Mining Corp. 2.57% 2,048,320 $89.2M Reduce -16.7%
MFC Manulife Financial Corp. 2.46% 2,351,965 $85.4M Add +55.5%
RCI Rogers Communications Inc. Class B 2.42% 2,229,401 $84.2M Reduce -31.4%
MGA Magna International Inc. 2.41% 1,574,620 $83.9M Add +0.7%
BIP Brookfield Infrastructure Pa 2.39% 2,395,384 $83.3M Add +1.3%
PBA Pembina Pipeline Corp. 2.38% 2,170,014 $82.7M Add +4.9%
SU Suncor Energy Inc. 2.16% 1,695,160 $75.2M Add +36.3%
GRTUF Granite Real Estate Investme 2.04% 1,194,147 $71.1M Add +5.7%
GIL Gildan Activewear Inc. 1.95% 1,085,535 $67.8M Reduce -5.9%
NTR Nutrien Ltd. 1.88% 1,056,505 $65.2M Reduce -6.1%
CVE Cenovus Energy Inc. 1.64% 3,366,588 $57.0M Reduce -7.9%
CNI Canadian Natl Railway Co. 1.61% 565,920 $56.0M Add +29.7%
FTS Fortis Inc. 1.38% 921,744 $47.9M Reduce -2.5%
ENB Enbridge Inc. 1.36% 987,976 $47.3M Add +22.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 1.28% 490,870 $44.5M Add +33.4%
EMA Emera Inc. 1.24% 875,905 $43.2M Reduce -24.0%
SHOP Shopify Inc. Class A 1.23% 265,754 $42.8M Reduce -31.5%
FNV Franco-Nevada Corp. 1.23% 206,208 $42.7M Add +83.9%
BAM Brookfield Asset Mgmt-A 1.18% 782,558 $41.0M Add +32.5%
CAE Cae Inc. 1.05% 1,202,355 $36.6M Add +2.7%
AEM Agnico Eagle Mines Ltd. 1.01% 206,558 $35.0M Reduce -0.0%
QSR Restaurant Brands Intern 0.99% 504,261 $34.4M Reduce -33.6%
TU Telus Corp. 0.92% 2,438,662 $32.1M Add +0.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.92% 433,662 $32.0M Reduce -73.7%
MSFT Microsoft Corp. 0.90% 64,900 $31.4M Add +2.9%
CNQ Canadian Natural Resources 0.90% 925,590 $31.3M Reduce -46.1%
BEP Brookfield Renewable Partner 0.90% 1,156,587 $31.3M Add +45.3%
BTE Baytex Energy Corp. 0.82% 8,868,370 $28.7M Add +214.0%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.79% 212,320 $27.6M Reduce -2.3%
MEOH Methanex Corp. 0.77% 677,610 $26.9M Add +17.1%
RBA RB Global Inc. 0.77% 260,152 $26.8M Add +69.9%
SOBO South Bow Corp. 0.76% 964,360 $26.5M Add +19.6%
TRP TC Energy Corp. 0.76% 477,305 $26.3M Reduce -17.3%
BGSI Boyd Group Services Inc. 0.74% 161,780 $25.8M New
AQN Algonquin Power & Utilities 0.72% 4,066,619 $25.0M Reduce -12.6%
OTEX Open Text Corp. 0.68% 728,740 $23.7M Reduce -38.0%
AVGO Broadcom Inc. 0.65% 65,400 $22.6M Reduce -29.8%
GOOGL Alphabet Inc. Class A 0.64% 71,100 $22.3M Reduce -38.1%
PM Philip Morris International 0.64% 138,100 $22.2M Reduce -4.0%
CGAU Centerra Gold Inc. 0.63% 1,514,820 $21.8M Add +166.7%
ABBV Abbvie Inc. 0.58% 87,790 $20.1M Reduce -16.6%
HD Home Depot Inc. 0.57% 57,800 $19.9M Add +35.4%
AAPL Apple Inc. 0.57% 72,700 $19.8M Reduce -17.4%
MRK Merck & Co. Inc. 0.55% 183,100 $19.3M Reduce -8.8%
PG The Procter & Gamble Co. 0.51% 124,200 $17.8M Add +50.0%
IAG Iamgold Corp. 0.51% 1,072,681 $17.7M Reduce -33.5%
META Meta Platforms Inc. Class A 0.49% 26,000 $17.2M Reduce -8.4%
JPM JPMorgan Chase & Co. 0.49% 52,700 $17.0M Add +30.8%
CSCO Cisco Systems Inc. 0.45% 205,000 $15.8M Reduce -18.8%
CCJ Cameco Corp. 0.45% 169,740 $15.5M Reduce -0.9%
NVDA Nvidia Corp. 0.44% 82,800 $15.4M Reduce -22.2%
PFE Pfizer Inc. 0.44% 618,600 $15.4M Reduce -7.9%
KO The Coca-Cola Co. 0.43% 216,000 $15.1M Reduce -12.6%
WPM Wheaton Precious Metals Corp. 0.43% 127,980 $15.0M Add +627.2%
CVX Chevron Corp. 0.43% 97,062 $14.8M Add +16.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.42% 265,400 $14.6M Add +7.9%
UNH Unitedhealth Group Inc. 0.41% 43,600 $14.4M New
BN Brookfield Corp. 0.41% 311,305 $14.3M Add +3.7%
VZ Verizon Communications Inc. 0.40% 344,200 $14.0M Reduce -13.8%
CLS Celestica Inc. 0.40% 47,150 $13.9M Add +4186.4%
TXN Texas Instruments Inc. 0.38% 76,300 $13.2M Add +11.4%
CVS CVS Health Corp. 0.38% 165,300 $13.1M Reduce -7.0%
UNP Union Pacific Corp. 0.36% 54,400 $12.6M Add +5.8%
TMUS T-Mobile US Inc. 0.35% 60,600 $12.3M Add +46.0%
DGT SS SPDR Global Dow ETF 0.35% 73,266 $12.2M No change
ORCL Oracle Corp. 0.35% 62,200 $12.1M Add +98.7%
CIGI Colliers Intl GR-Subord Vot 0.34% 80,950 $11.9M Add +7.7%
JNJ Johnson & Johnson 0.33% 54,729 $11.3M Reduce -4.2%
NEE Nextera Energy Inc. 0.31% 135,200 $10.9M Add +21.0%
NGD New Gold Inc. 0.31% 1,234,560 $10.8M Add +5411.4%
T AT&T Inc. 0.30% 422,400 $10.5M Reduce -4.7%
MS Morgan Stanley 0.30% 58,500 $10.4M Reduce -20.8%
GILD Gilead Sciences Inc. 0.30% 84,400 $10.4M Add +101.9%
MDLZ Mondelez International Inc. Class A 0.29% 188,800 $10.2M Add +28.5%
AMZN Amazon.com Inc. 0.29% 43,330 $10.0M Add +19.2%
DUK Duke Energy Corp. 0.28% 82,800 $9.7M Add +0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.28% 84,900 $9.7M Add +538.4%
USB US Bancorp 0.27% 173,900 $9.3M Reduce -20.4%
VET Vermilion Energy Inc. 0.26% 1,089,100 $9.1M Add +0.8%
BLK BlackRock Inc. 0.26% 8,400 $9.0M Add +12.0%
MDT Medtronic PLC 0.26% 93,500 $9.0M No change
PEP Pepsico Inc. 0.25% 61,400 $8.8M Reduce -39.9%
SBUX Starbucks Corp. 0.25% 101,800 $8.6M Add +450.3%
LMT Lockheed Martin Corp. 0.24% 17,100 $8.3M No change
COP Conocophillips 0.24% 88,200 $8.3M Reduce -4.5%
CRM Salesforce Inc. 0.24% 30,900 $8.2M Reduce -1.0%
KGC Kinross Gold Corp. 0.23% 288,460 $8.1M Reduce -38.9%
CCI Crown Castle Inc. 0.23% 89,400 $7.9M Add +23.3%
MO Altria Group Inc. 0.23% 137,700 $7.9M Reduce -5.7%
SII Sprott Inc. 0.22% 78,800 $7.7M Add +62.1%
KDP Keurig Dr Pepper Inc. 0.22% 273,900 $7.7M New
PNC PNC Financial Services Group 0.22% 36,300 $7.6M New
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 10,985 $7.5M No change
BTG B2GOLD Corp. 0.21% 1,642,400 $7.4M Add +5130.6%
ABT Abbott Laboratories 0.20% 56,900 $7.1M Reduce -0.3%
EQIX Equinix Inc. 0.20% 9,300 $7.1M Add +38.8%
DG Dollar General Corp. 0.20% 53,000 $7.0M Add +0.2%
ACN Accenture PLC Class A 0.20% 26,100 $7.0M Reduce -9.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.20% 23,600 $7.0M Reduce -16.9%
WCN Waste Connections Inc. 0.20% 39,357 $6.9M Reduce -66.9%
KMB Kimberly-Clark Corp. 0.19% 66,700 $6.7M Add +617.2%
UPS United Parcel Service Class B 0.19% 67,000 $6.6M Reduce -6.0%
HON Honeywell International Inc. 0.19% 34,000 $6.6M Add +28.8%
FRT Federal Realty Invs Trust 0.18% 63,100 $6.4M Add +6.4%
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.18% 470,029 $6.3M Reduce -13.6%
WM Waste Management Inc. 0.18% 28,600 $6.3M Add +62.5%
EFXT Enerflex Ltd. 0.18% 400,700 $6.2M Reduce -14.5%
FCX Freeport-McMoran Inc. 0.18% 121,100 $6.2M Add +130.7%
NKE Nike Inc. Class B 0.18% 96,500 $6.1M Add +20.8%
SRE Sempra 0.18% 69,000 $6.1M Add +2.1%
XOM Exxon Mobil Corp. 0.17% 50,100 $6.0M Add +21.0%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.17% 71,600 $5.9M Add +103.4%
MCD McDonald's Corp. 0.17% 19,361 $5.9M Reduce -53.9%
OKE Oneok Inc. 0.17% 80,500 $5.9M Add +56.3%
APD Air Products & Chemicals Inc. 0.17% 23,800 $5.9M Add +221.6%
WFG West Fraser Timber Co. Ltd. 0.17% 94,850 $5.8M Add +820.9%
BMY Bristol-Myers Squibb Co. 0.16% 106,100 $5.7M Add +88.8%
CMS CMS Energy Corp. 0.16% 81,700 $5.7M No change
TASEKO MINES LTD 0.16% 980,400 $5.5M Reduce -5.3%
EIX Edison International 0.16% 92,200 $5.5M Add +5.0%
XEL Xcel Energy Inc. 0.16% 74,400 $5.5M Reduce -10.5%
TAC Transalta Corp. 0.16% 428,800 $5.4M Reduce -26.1%
USAS Americas Gold and Silver Cor 0.15% 1,034,540 $5.3M Reduce -3.7%
AMAT Applied Materials Inc. 0.15% 20,400 $5.2M Reduce -12.4%
BKR Baker Hughes Co. 0.15% 113,400 $5.2M Add +10.2%
MKC McCormick & Co.-Non VTG SHRS 0.15% 74,900 $5.1M Add +13.8%
AMGN Amgen Inc. 0.14% 15,300 $5.0M Reduce -31.7%
ETN Eaton Corp. PLC 0.14% 15,200 $4.8M Add +424.1%
EXC Exelon Corp. 0.14% 110,600 $4.8M Reduce -4.0%
BX Blackstone Inc. 0.14% 31,200 $4.8M New
FITB Fifth Third Bancorp 0.14% 102,100 $4.8M Reduce -14.5%
PRMB Primo Brands Corp. 0.14% 291,060 $4.8M Reduce -21.6%
LSPD Lightspeed Commerce Inc. 0.13% 379,000 $4.6M Add +4.2%
GLW Corning Inc. 0.13% 52,200 $4.6M Reduce -16.9%
CTRA Coterra Energy Inc. 0.13% 173,500 $4.6M Add +3.1%
EMN Eastman Chemical Co. 0.13% 70,800 $4.5M Reduce -12.2%
OMC Omnicom Group 0.13% 54,400 $4.4M New
WY Weyerhaeuser Co. 0.12% 180,000 $4.3M Add +31.0%
PPTA Perpetua Resources Corp. 0.12% 172,800 $4.2M New
RTX RTX Corp. 0.12% 22,200 $4.1M Reduce -69.0%
AMH American Homes 4 Rent- A 0.12% 125,910 $4.0M Add +34.4%
STT State Street Corp. 0.11% 30,300 $3.9M No change
DOC Healthpeak Properties Inc. 0.11% 239,100 $3.8M Add +27.1%
HPE Hewlett Packard Enterprise 0.11% 159,000 $3.8M Reduce -7.3%
SKE Skeena Resources Ltd. 0.11% 157,200 $3.7M Add +81.3%
AMT American Tower Corp. 0.11% 21,200 $3.7M Add +21.1%
TFPM Triple Flag Precious Met 0.10% 108,000 $3.6M Add +107.7%
EXK Endeavour Silver Corp. 0.10% 371,900 $3.5M Reduce -44.4%
GM General Motors Co. 0.10% 42,600 $3.5M Reduce -26.4%
DNN Denison Mines Corp. 0.10% 1,305,600 $3.5M Reduce -42.3%
RF Regions Financial Corp. 0.10% 122,700 $3.3M Reduce -7.7%
SANG Sangoma Technologies Corp. 0.09% 652,325 $3.3M Add +17.9%
LLY Eli Lilly & Co. 0.09% 3,030 $3.3M Reduce -13.2%
CMCSA Comcast Corp. Class A 0.09% 108,900 $3.3M Reduce -2.5%
CP Canadian Pacific Kansas City 0.09% 44,059 $3.2M Reduce -71.4%
TER Teradyne Inc. 0.09% 16,700 $3.2M Reduce -53.6%
WFC Wells Fargo & Co. 0.09% 34,100 $3.2M Reduce -38.3%
AVB Avalonbay Communities Inc. 0.09% 17,300 $3.1M Add +22.7%
NTAP Netapp Inc. 0.09% 29,000 $3.1M Add +2.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.09% 31,300 $3.1M Add +4.0%
O Realty Income Corp. 0.09% 54,300 $3.1M Add +9.3%
SYY Sysco Corp. 0.09% 40,100 $3.0M No change
QCOM Qualcomm Inc. 0.08% 16,800 $2.9M Reduce -34.6%
VTR Ventas Inc. 0.08% 36,900 $2.9M Reduce -30.8%
Q Qnity Electronics Inc. 0.08% 34,800 $2.8M Reduce -2.7%
SO The Southern Co. 0.08% 32,100 $2.8M Add +2.9%
AES AES Corp. 0.08% 194,800 $2.8M Reduce -16.7%
PLD Prologis Inc. 0.08% 21,700 $2.8M Add +64.4%
MU Micron Technology Inc. 0.08% 9,700 $2.8M Reduce -79.8%
V Visa Inc. Class A 0.08% 7,700 $2.7M Add +24.2%
GOOG Alphabet Inc. Class C 0.07% 8,200 $2.6M Reduce -8.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.07% 89,500 $2.5M Add +39.2%
ARIS Aris Mining Corp. filed as ARIS MNG CORP 0.07% 153,500 $2.5M New
ADI Analog Devices Inc. 0.07% 8,900 $2.4M Reduce -17.6%
REGN Regeneron Pharmaceuticals 0.07% 3,040 $2.3M Add +9.8%
TSLA Tesla Inc. 0.06% 5,000 $2.2M Reduce -7.4%
TPR Tapestry Inc. 0.06% 16,800 $2.1M Reduce -12.5%
UUUU Energy Fuels Inc. 0.06% 147,400 $2.1M Add +90.9%
GS Goldman Sachs Group Inc. 0.06% 2,400 $2.1M No change
BIPC Brookfield Infrastructure-A 0.06% 46,400 $2.1M Add +527.0%
ADP Automatic Data Processing 0.06% 7,800 $2.0M Add +4.0%
CL Colgate-Palmolive Co. 0.06% 24,400 $1.9M Reduce -72.7%
BA The Boeing Co. 0.05% 8,700 $1.9M No change
NOW ServiceNow Inc. 0.05% 12,265 $1.9M Add +23.3%
DXCM Dexcom Inc. 0.05% 27,300 $1.8M Reduce -19.4%
DHR Danaher Corp. 0.05% 7,800 $1.8M Add +16.4%
COF Capital One Financial Corp. 0.05% 7,300 $1.8M No change
ISOU Isoenergy Ltd. 0.05% 192,000 $1.7M New
CMG Chipotle Mexican Grill Inc. 0.05% 46,200 $1.7M No change
APP AppLovin Corp. Class A 0.05% 2,500 $1.7M Add +38.9%
NOA North American Construction 0.05% 117,000 $1.7M Add +368.0%
WAB Wabtec Corp. 0.05% 7,700 $1.6M Reduce -57.2%
BRK.B Berkshire Hathaway Inc. Class B 0.05% 3,200 $1.6M No change
EXR Extra Space Storage Inc. 0.04% 11,900 $1.5M Reduce -12.5%
URI United Rentals Inc. 0.04% 1,900 $1.5M New
C Citigroup Inc. 0.04% 13,100 $1.5M Reduce -74.7%
BSX Boston Scientific Corp. 0.04% 15,300 $1.5M Add +15.9%
SPGI S&P Global Inc. 0.04% 2,600 $1.4M No change
AZO AutoZone Inc. 0.04% 400 $1.4M Add +700.0%
COST Costco Wholesale Corp. 0.04% 1,550 $1.3M Add +154.1%
DELL Dell Technologies -C 0.04% 10,500 $1.3M Reduce -18.0%
FSM Fortuna Mining Corp. 0.04% 126,400 $1.2M New
NFLX Netflix Inc. 0.03% 12,900 $1.2M Add +84.3%
NG Novagold Resources Inc. 0.03% 129,200 $1.2M New
ELV Elevance Health Inc. 0.03% 3,370 $1.2M Reduce -26.9%
SNPS Synopsys Inc. 0.03% 2,500 $1.2M Reduce -10.7%
XYL Xylem Inc. 0.03% 8,300 $1.1M No change
COIN Coinbase Global Inc. Class A 0.03% 4,950 $1.1M New
APO Apollo Global Management Inc. 0.03% 7,700 $1.1M Reduce -10.5%
GMED Globus Medical Inc. Class A 0.03% 12,600 $1.1M Reduce -9.3%
PANW Palo Alto Networks Inc. 0.03% 5,700 $1.0M Add +470.0%
ADBE Adobe Inc. 0.03% 2,910 $1.0M Reduce -23.6%
OPEN Opendoor Technologies Inc. 0.03% 174,450 $1.0M New
MET Metlife Inc. 0.03% 12,600 $995K Reduce -8.0%
QXO Qxo Inc. 0.03% 51,500 $993K No change
RJF Raymond James Financial Inc. 0.03% 5,500 $883K No change
FLS Flowserve Corp. 0.02% 12,400 $860K No change
CAH Cardinal Health Inc. 0.02% 4,100 $843K Reduce -22.6%
SBAC SBA Communications Corp. 0.02% 4,300 $832K Reduce -4.4%
TRI Thomson Reuters Corp. 0.02% 6,300 $831K Reduce -71.9%
MA Mastercard Inc. Class A 0.02% 1,400 $799K Reduce -37.4%
LHX L3HARRIS Technologies Inc. 0.02% 2,600 $763K No change
KKR KKR & Co. Inc. 0.02% 5,800 $739K No change
ALM Almonty Industries Inc. 0.02% 83,100 $732K New
EMR Emerson Electric Co. 0.02% 5,500 $730K Reduce -85.0%
ICE Intercontinental Exchange Inc. 0.02% 4,500 $729K No change
CPAY Corpay Inc. 0.02% 2,400 $722K No change
BHC Bausch Health Cos Inc. 0.02% 100,500 $698K Reduce -11.5%
TECK Teck Resources Ltd.-CLS B 0.02% 13,800 $661K Reduce -80.0%
UBER Uber Technologies Inc. 0.02% 7,800 $637K Reduce -55.4%
ALL Allstate Corp. 0.02% 3,000 $624K No change
AIG American International Group 0.02% 6,600 $565K No change
PGR Progressive Corp. 0.02% 2,400 $547K No change
XYZ Block Inc. 0.01% 7,100 $462K New
CEG Constellation Energy 0.01% 1,302 $460K Add +18.1%
CARR Carrier Global Corp. 0.01% 8,500 $449K Add +19.7%
WMT Walmart Inc. 0.01% 3,400 $379K Reduce -59.0%
FSV Firstservice Corp. 0.01% 2,400 $373K New
WTW Willis Towers Watson PLC 0.01% 800 $263K No change
UHS Universal Health Services-B 0.01% 1,100 $240K Reduce -90.4%
PFGC Performance Food Group Co. 0.01% 2,500 $225K No change
MLM Martin Marietta Materials 0.01% 300 $187K New
SSRM SSR Mining Inc. 0.00% 7,100 $156K New
DOO BRP Inc./Ca- Sub Voting 0.00% 2,200 $156K New
IMO Imperial Oil Ltd. 0.00% 1,800 $156K New
STN Stantec Inc. 0.00% 1,600 $151K New
NEM Newmont Corp. 0.00% 1,400 $140K Reduce -97.2%
ELF Elf Beauty Inc. 0.00% 1,300 $99K New
HBM Hudbay Minerals Inc. 0.00% 4,620 $92K New
ADSK Autodesk Inc. 0.00% 300 $89K New
WDAY Workday Inc. Class A 0.00% 400 $86K New
RSG Republic Services Inc. 0.00% 400 $85K New
VLO Valero Energy Corp. 0.00% 500 $81K New
MPC Marathon Petroleum Corp. 0.00% 500 $81K New
CLX Clorox Company 0.00% 800 $81K New
FISV Fiserv Inc. 0.00% 1,200 $81K New
CTVA Corteva Inc. 0.00% 1,200 $80K New
CBRE CBRE Group Inc. Class A 0.00% 500 $80K New
DVA Davita Inc. 0.00% 700 $80K New
J Jacobs Solutions Inc. 0.00% 600 $79K Reduce -90.9%
ED Consolidated Edison Inc. 0.00% 800 $79K New
GEN Gen Digital Inc. 0.00% 2,900 $79K New
IVZ Invesco Ltd. 0.00% 3,000 $79K New
OTIS Otis Worldwide Corp. 0.00% 900 $79K New
PAYX Paychex Inc. 0.00% 700 $79K New
CNC Centene Corp. 0.00% 1,900 $78K New
ROL Rollins Inc. 0.00% 1,300 $78K New
PSA Public Storage 0.00% 300 $78K New
PSX Phillips 66 0.00% 600 $77K New
DTE DTE Energy Company 0.00% 600 $77K New
AFL Aflac Inc. 0.00% 700 $77K New
IBKR Interactive Brokers Gro Class A 0.00% 1,200 $77K New
CPT Camden Property Trust 0.00% 700 $77K New
KMI Kinder Morgan Inc. 0.00% 2,800 $77K New
VTRS Viatris Inc. 0.00% 6,100 $76K New
ROP Roper Technologies Inc. 0.00% 170 $76K New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.00% 1,200 $76K New
ZTS Zoetis Inc. 0.00% 600 $75K New
CHD Church & Dwight Co. Inc. 0.00% 900 $75K New
TYL Tyler Technologies Inc. 0.00% 166 $75K New
CBOE Cboe Global Markets Inc. 0.00% 300 $75K New
CTAS Cintas Corp. 0.00% 400 $75K New
GEV GE Vernova Inc. 0.00% 115 $75K Reduce -94.3%
KR Kroger Co. 0.00% 1,200 $75K New
HOLX Hologic Inc. 0.00% 1,000 $74K New
GDDY GoDaddy Inc. Class A 0.00% 600 $74K New
ES Eversource Energy 0.00% 1,100 $74K New
FIS Fidelity National Info Serv 0.00% 1,100 $73K New
PNR Pentair PLC 0.00% 700 $73K New
VRSN Verisign Inc. 0.00% 300 $73K New
HSY The Hershey Co. 0.00% 400 $73K New
AVY Avery Dennison Corp. 0.00% 400 $73K New
PEG Public Service Enterprise GP 0.00% 900 $72K New
LDOS Leidos Holdings Inc. 0.00% 400 $72K New
NDSN Nordson Corp. 0.00% 300 $72K New
SNDK Sandisk Corp. 0.00% 300 $71K New
BBU Brookfield Business PT-Unit 0.00% 2,000 $71K New
PYPL PayPal Holdings Inc. 0.00% 1,200 $70K New
GL Globe Life Inc. 0.00% 500 $70K New
PTC PTC Inc. 0.00% 400 $70K New
COR Cencora Inc. 0.00% 202 $68K New
VRSK Verisk Analytics Inc. 0.00% 300 $67K New
BR Broadridge Financial Solutio 0.00% 300 $67K New
SHW The Sherwin-Williams Co. 0.00% 200 $65K New
AMD Advanced Micro Devices 0.00% 1 $214 New
VLTO Veralto Corp. 0.00% 1 $100 New
Other holdings (3): bonds, preferreds, convertibles and warrants · $11K (not counted above)
SecurityClassShares / PrincipalValueChange
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 5,814$5KNew
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 5,814$3KNew
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 5,814$2KNew

Total filed on the 13F, all lines: $3.5B.

Portfolio Sells Q3 2025 → Q4 2025

BNS Bank of Nova Scotia Reduce -73.7% 0.92% −2.30
RCI Rogers Communications Inc. Class B Reduce -31.4% 2.42% −0.96
CNQ Canadian Natural Resources Reduce -46.1% 0.90% −0.76
AGI Alamos Gold Inc. Class A Sold out 0.00% −0.69
OTEX Open Text Corp. Reduce -38.0% 0.68% −0.65
SHOP Shopify Inc. Class A Reduce -31.5% 1.23% −0.51
QSR Restaurant Brands Intern Reduce -33.6% 0.99% −0.48
WCN Waste Connections Inc. Reduce -66.9% 0.20% −0.43
EMA Emera Inc. Reduce -24.0% 1.24% −0.43
AVGO Broadcom Inc. Reduce -29.8% 0.65% −0.28
CP Canadian Pacific Kansas City Reduce -71.4% 0.09% −0.25
RTX RTX Corp. Reduce -69.0% 0.12% −0.24
CVE Cenovus Energy Inc. Reduce -7.9% 1.64% −0.24
MCD McDonald's Corp. Reduce -53.9% 0.17% −0.22
TFII Tfi International Inc. Sold out 0.00% −0.21
GOOGL Alphabet Inc. Class A Reduce -38.1% 0.64% −0.20
TRP TC Energy Corp. Reduce -17.3% 0.76% −0.19
PEP Pepsico Inc. Reduce -39.9% 0.25% −0.18
DD Dupont DE Nemours Inc. Sold out 0.00% −0.17
MU Micron Technology Inc. Reduce -79.8% 0.08% −0.16
CL Colgate-Palmolive Co. Reduce -72.7% 0.06% −0.16
ABBV Abbvie Inc. Reduce -16.6% 0.58% −0.16
NVDA Nvidia Corp. Reduce -22.2% 0.44% −0.16
KEY Keycorp Sold out 0.00% −0.15
META Meta Platforms Inc. Class A Reduce -8.4% 0.49% −0.14
TFC Truist Financial Corp. Sold out 0.00% −0.14
VZ Verizon Communications Inc. Reduce -13.8% 0.40% −0.13
EMR Emerson Electric Co. Reduce -85.0% 0.02% −0.13
NEM Newmont Corp. Reduce -97.2% 0.00% −0.12
NTR Nutrien Ltd. Reduce -6.1% 1.88% −0.12
IAG Iamgold Corp. Reduce -33.5% 0.51% −0.12
KGC Kinross Gold Corp. Reduce -38.9% 0.23% −0.12
C Citigroup Inc. Reduce -74.7% 0.04% −0.12
PRMB Primo Brands Corp. Reduce -21.6% 0.14% −0.11
AAPL Apple Inc. Reduce -17.4% 0.57% −0.11
OR Or Royalties Inc. Sold out 0.00% −0.10
DNN Denison Mines Corp. Reduce -42.3% 0.10% −0.09
MCHP Microchip Technology Inc. Sold out 0.00% −0.09
TAC Transalta Corp. Reduce -26.1% 0.16% −0.08
TRI Thomson Reuters Corp. Reduce -71.9% 0.02% −0.08
T AT&T Inc. Reduce -4.7% 0.30% −0.08
PFE Pfizer Inc. Reduce -7.9% 0.44% −0.07
TECK Teck Resources Ltd.-CLS B Reduce -80.0% 0.02% −0.07
FTS Fortis Inc. Reduce -2.5% 1.38% −0.07
PM Philip Morris International Reduce -4.0% 0.64% −0.07
CSCO Cisco Systems Inc. Reduce -18.8% 0.45% −0.07
GIL Gildan Activewear Inc. Reduce -5.9% 1.95% −0.07
UHS Universal Health Services-B Reduce -90.4% 0.01% −0.06
MO Altria Group Inc. Reduce -5.7% 0.23% −0.06
BMO Bank of Montreal Reduce -2.3% 0.79% −0.06

Portfolio Buys Q3 2025 → Q4 2025

SLF Sun Life Financial Inc. Add +58.3% 3.61% +1.30
MFC Manulife Financial Corp. Add +55.5% 2.46% +1.03
TD Toronto-Dominion Bank Add +4.7% 6.26% +0.92
BGSI Boyd Group Services Inc. New 0.74% +0.74
BTE Baytex Energy Corp. Add +214.0% 0.82% +0.62
SU Suncor Energy Inc. Add +36.3% 2.16% +0.59
FNV Franco-Nevada Corp. Add +83.9% 1.23% +0.47
CGAU Centerra Gold Inc. Add +166.7% 0.63% +0.44
BCE Bce Inc. Add +23.3% 2.64% +0.43
UNH Unitedhealth Group Inc. New 0.41% +0.41
CLS Celestica Inc. Add +4186.4% 0.40% +0.39
CM Can Imperial BK of Commerce Add +33.4% 1.28% +0.39
WPM Wheaton Precious Metals Corp. Add +627.2% 0.43% +0.37
CNI Canadian Natl Railway Co. Add +29.7% 1.61% +0.36
NGD New Gold Inc. Add +5411.4% 0.31% +0.30
BEP Brookfield Renewable Partner Add +45.3% 0.90% +0.28
RBA RB Global Inc. Add +69.9% 0.77% +0.27
DIS The Walt Disney Co. Add +538.4% 0.28% +0.23
KDP Keurig Dr Pepper Inc. New 0.22% +0.22
PNC PNC Financial Services Group New 0.22% +0.22
BTG B2GOLD Corp. Add +5130.6% 0.21% +0.21
SBUX Starbucks Corp. Add +450.3% 0.25% +0.20
MGA Magna International Inc. Add +0.7% 2.41% +0.17
BAM Brookfield Asset Mgmt-A Add +32.5% 1.18% +0.16
KMB Kimberly-Clark Corp. Add +617.2% 0.19% +0.16
GILD Gilead Sciences Inc. Add +101.9% 0.30% +0.16
WFG West Fraser Timber Co. Ltd. Add +820.9% 0.17% +0.15
GRTUF Granite Real Estate Investme Add +5.7% 2.04% +0.15
BX Blackstone Inc. New 0.14% +0.14
ENB Enbridge Inc. Add +22.8% 1.36% +0.13
PG The Procter & Gamble Co. Add +50.0% 0.51% +0.13
OMC Omnicom Group New 0.13% +0.13
PPTA Perpetua Resources Corp. New 0.12% +0.12
FCX Freeport-McMoran Inc. Add +130.7% 0.18% +0.11
APD Air Products & Chemicals Inc. Add +221.6% 0.17% +0.11
ETN Eaton Corp. PLC Add +424.1% 0.14% +0.11
JPM JPMorgan Chase & Co. Add +30.8% 0.49% +0.10
SII Sprott Inc. Add +62.1% 0.22% +0.10
BMY Bristol-Myers Squibb Co. Add +88.8% 0.16% +0.09
ORCL Oracle Corp. Add +98.7% 0.35% +0.08
MEOH Methanex Corp. Add +17.1% 0.77% +0.08
SOBO South Bow Corp. Add +19.6% 0.76% +0.07
ARIS Aris Mining Corp. New 0.07% +0.07
WM Waste Management Inc. Add +62.5% 0.18% +0.06
IRM Iron Mountain Inc. Add +103.4% 0.17% +0.06
SKE Skeena Resources Ltd. Add +81.3% 0.11% +0.06
TFPM Triple Flag Precious Met Add +107.7% 0.10% +0.06
NEE Nextera Energy Inc. Add +21.0% 0.31% +0.06
OKE Oneok Inc. Add +56.3% 0.17% +0.06
TMUS T-Mobile US Inc. Add +46.0% 0.35% +0.05

Notes & Other Activity Q3 2025 → Q4 2025

OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 5,814 $5K
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 5,814 $3K
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 5,814 $2K

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