Intact Investment Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Intact Investment Management Inc. reported 266 stock positions worth $3.5 billion. Its top holding was Royal Bank of Canada (RY) at 5.1% of the portfolio, followed by Suncor Energy (SU, 3.8%) and Toronto-Dominion Bank (TD, 3.3%). Compared with Q4 2025, it opened 29 new positions, sold out of 74, added to 79 and reduced 88. The biggest buy was Suncor Energy (SU, shares +18%) and the biggest sale Toronto-Dominion Bank (TD, shares −46%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001443077
Portfolio Value
$3.5B (Q1 2026)
SEC Filing
0001062993-26-002419 ↗ filed May 8, 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 Q4 2025 Q1 2026: $3.5B $3.5B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 266 stocks · $3.5B

RY Royal Bank of Canada 5.06% 1,098,659 $177.6M Add +42.3%
SU Suncor Energy Inc. 3.77% 2,002,650 $132.4M Add +18.1%
TD Toronto-Dominion Bank 3.34% 1,256,136 $117.3M Reduce -45.6%
BIP Brookfield Infrastructure Pa 3.10% 2,834,584 $108.7M Add +18.3%
CVE Cenovus Energy Inc. 2.84% 3,750,960 $99.5M Add +11.4%
CNI Canadian Natl Railway Co. 2.82% 961,420 $98.9M Add +69.9%
EMA Emera Inc. 2.65% 1,794,525 $93.0M Add +104.9%
BCE Bce Inc. 2.58% 3,587,760 $90.5M Reduce -6.8%
MFC Manulife Financial Corp. 2.42% 2,467,191 $85.0M Add +4.9%
PBA Pembina Pipeline Corp. 2.17% 1,701,464 $76.1M Reduce -21.6%
BAM Brookfield Asset Mgmt-A 2.10% 1,661,168 $73.8M Add +112.3%
MGA Magna International Inc. 1.97% 1,240,010 $69.2M Reduce -21.3%
RCI Rogers Communications Inc. Class B 1.94% 1,771,601 $68.1M Reduce -20.5%
NTR Nutrien Ltd. 1.84% 855,835 $64.6M Reduce -19.0%
GIL Gildan Activewear Inc. 1.72% 1,084,335 $60.4M Reduce -0.1%
TU Telus Corp. 1.51% 4,133,462 $53.1M Add +69.5%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 1.50% 389,505 $52.7M Add +83.5%
KGC Kinross Gold Corp. 1.37% 1,576,089 $48.2M Add +446.4%
QSR Restaurant Brands Intern 1.37% 648,661 $48.0M Add +28.6%
OVV Ovintiv Inc. 1.15% 680,830 $40.4M New
CNQ Canadian Natural Resources 1.15% 827,260 $40.3M Reduce -10.6%
ENB Enbridge Inc. 1.14% 736,793 $39.9M Reduce -25.4%
B Barrick Mining Corp. 1.07% 923,120 $37.7M Reduce -54.9%
SOBO South Bow Corp. 1.01% 1,065,860 $35.4M Add +10.5%
FNV Franco-Nevada Corp. 0.99% 140,858 $34.9M Reduce -31.7%
WPM Wheaton Precious Metals Corp. 0.93% 248,660 $32.6M Add +94.3%
AEM Agnico Eagle Mines Ltd. 0.92% 159,123 $32.3M Reduce -23.0%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.88% 324,820 $30.8M Reduce -33.8%
SHOP Shopify Inc. Class A 0.83% 245,694 $29.1M Reduce -7.5%
BTE Baytex Energy Corp. 0.83% 6,506,300 $29.1M Reduce -26.6%
TRP TC Energy Corp. 0.82% 457,635 $28.6M Reduce -4.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.77% 392,073 $27.2M Reduce -9.6%
RBA RB Global Inc. 0.77% 280,882 $26.9M Add +8.0%
BEP Brookfield Renewable Partner 0.73% 783,147 $25.5M Reduce -32.3%
SLF Sun Life Financial Inc. 0.73% 407,711 $25.5M Reduce -79.7%
MSFT Microsoft Corp. 0.68% 64,900 $24.0M No change
ABBV Abbvie Inc. 0.67% 107,630 $23.4M Add +22.6%
PM Philip Morris International 0.66% 140,700 $23.3M Add +1.9%
OTEX Open Text Corp. 0.63% 991,940 $22.1M Add +36.1%
IAG Iamgold Corp. 0.62% 1,153,341 $21.7M Add +7.5%
MRK Merck & Co. Inc. 0.59% 173,500 $20.9M Reduce -5.2%
GOOGL Alphabet Inc. Class A 0.59% 71,700 $20.6M Add +0.8%
AVGO Broadcom Inc. 0.58% 66,050 $20.4M Add +1.0%
AQN Algonquin Power & Utilities 0.58% 3,302,119 $20.2M Reduce -18.8%
VET Vermilion Energy Inc. 0.58% 1,466,800 $20.2M Add +34.7%
CVX Chevron Corp. 0.57% 97,262 $20.1M Add +0.2%
CCJ Cameco Corp. 0.55% 177,090 $19.3M Add +4.3%
TAC Transalta Corp. 0.54% 1,449,000 $19.0M Add +237.9%
HD Home Depot Inc. 0.54% 57,800 $19.0M No change
TRI Thomson Reuters Corp. 0.53% 207,729 $18.7M Add +3197.3%
WCN Waste Connections Inc. 0.53% 114,877 $18.7M Add +191.9%
EGO Eldorado Gold Corp. 0.53% 543,140 $18.6M New
AAPL Apple Inc. 0.53% 73,400 $18.6M Add +1.0%
PG The Procter & Gamble Co. 0.51% 123,500 $17.8M Reduce -0.6%
MEOH Methanex Corp. 0.51% 299,400 $17.8M Reduce -55.8%
CAE Cae Inc. 0.51% 682,245 $17.8M Reduce -43.3%
PFE Pfizer Inc. 0.49% 615,500 $17.3M Reduce -0.5%
VZ Verizon Communications Inc. 0.49% 342,400 $17.2M Reduce -0.5%
BN Brookfield Corp. 0.46% 402,605 $16.3M Add +29.3%
KO The Coca-Cola Co. 0.46% 213,300 $16.2M Reduce -1.3%
NVDA Nvidia Corp. 0.45% 91,380 $15.9M Add +10.4%
TXN Texas Instruments Inc. 0.41% 73,400 $14.2M Reduce -3.8%
UNP Union Pacific Corp. 0.40% 57,600 $14.0M Add +5.9%
META Meta Platforms Inc. Class A 0.40% 24,400 $14.0M Reduce -6.2%
HBM Hudbay Minerals Inc. 0.38% 643,210 $13.5M Add +13822.3%
JNJ Johnson & Johnson 0.38% 54,729 $13.4M No change
SII Sprott Inc. 0.37% 92,200 $13.2M Add +17.0%
JPM JPMorgan Chase & Co. 0.37% 44,700 $13.1M Reduce -15.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 266,700 $13.0M Add +0.5%
WFG West Fraser Timber Co. Ltd. 0.37% 198,000 $12.9M Add +108.8%
CVS CVS Health Corp. 0.37% 179,700 $12.9M Add +8.7%
TMUS T-Mobile US Inc. 0.36% 60,200 $12.6M Reduce -0.7%
NEE Nextera Energy Inc. 0.36% 135,200 $12.6M No change
DGT SS SPDR Global Dow ETF 0.35% 73,266 $12.4M No change
CSCO Cisco Systems Inc. 0.35% 156,900 $12.2M Reduce -23.5%
T AT&T Inc. 0.35% 419,400 $12.2M Reduce -0.7%
MDLZ Mondelez International Inc. Class A 0.34% 208,700 $12.0M Add +10.5%
UNH Unitedhealth Group Inc. 0.34% 43,900 $11.9M Add +0.7%
DUK Duke Energy Corp. 0.31% 82,800 $10.8M No change
PEP Pepsico Inc. 0.29% 65,900 $10.2M Add +7.3%
LMT Lockheed Martin Corp. 0.29% 16,800 $10.2M Reduce -1.8%
ABT Abbott Laboratories 0.27% 93,400 $9.6M Add +64.2%
MS Morgan Stanley 0.27% 58,100 $9.6M Reduce -0.7%
ORCL Oracle Corp. 0.27% 63,630 $9.4M Add +2.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 95,100 $9.2M Add +12.0%
SBUX Starbucks Corp. 0.26% 101,800 $9.1M No change
EQIX Equinix Inc. 0.25% 9,000 $8.8M Reduce -3.2%
USB US Bancorp 0.25% 166,800 $8.7M Reduce -4.1%
SRE Sempra 0.25% 88,700 $8.6M Add +28.6%
APD Air Products & Chemicals Inc. 0.24% 29,400 $8.5M Add +23.5%
XOM Exxon Mobil Corp. 0.24% 50,100 $8.5M No change
KMB Kimberly-Clark Corp. 0.24% 87,500 $8.4M Add +31.2%
AMAT Applied Materials Inc. 0.24% 24,600 $8.4M Add +20.6%
TFII Tfi International Inc. filed as TRANSFORCE INC 0.23% 75,600 $8.2M New
CIGI Colliers Intl GR-Subord Vot 0.23% 76,440 $8.2M Reduce -5.6%
MO Altria Group Inc. 0.23% 123,700 $8.2M Reduce -10.2%
BLK BlackRock Inc. 0.23% 8,400 $8.1M No change
BGSI Boyd Group Services Inc. 0.23% 62,780 $8.0M Reduce -61.2%
PNC PNC Financial Services Group 0.22% 36,300 $7.6M No change
AMZN Amazon.com Inc. 0.21% 35,900 $7.5M Reduce -17.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.21% 71,600 $7.3M No change
OKE Oneok Inc. 0.21% 80,500 $7.3M No change
APH Amphenol Corp. Class A 0.21% 57,400 $7.3M New
CCI Crown Castle Inc. 0.21% 88,500 $7.2M Reduce -1.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.20% 10,985 $7.1M No change
GILD Gilead Sciences Inc. 0.20% 50,600 $7.1M Reduce -40.0%
BKR Baker Hughes Co. 0.20% 113,400 $6.9M No change
KDP Keurig Dr Pepper Inc. 0.20% 261,000 $6.9M Reduce -4.7%
ACN Accenture PLC Class A 0.19% 33,900 $6.7M Add +29.9%
FRT Federal Realty Invs Trust 0.19% 63,100 $6.7M No change
CLS Celestica Inc. 0.19% 23,660 $6.7M Reduce -49.8%
UPS United Parcel Service Class B 0.19% 67,000 $6.6M No change
BMY Bristol-Myers Squibb Co. 0.18% 104,700 $6.4M Reduce -1.3%
CMS CMS Energy Corp. 0.18% 80,700 $6.3M Reduce -1.2%
RSG Republic Services Inc. 0.18% 28,500 $6.2M Add +7025.0%
CTRA Coterra Energy Inc. 0.17% 173,500 $6.1M No change
DG Dollar General Corp. 0.17% 51,000 $6.1M Reduce -3.8%
MCD McDonald's Corp. 0.17% 19,361 $6.0M No change
XEL Xcel Energy Inc. 0.17% 74,400 $5.9M No change
HON Honeywell International Inc. 0.17% 26,100 $5.9M Reduce -23.2%
CRM Salesforce Inc. 0.17% 31,400 $5.9M Add +1.6%
EOG EOG Resources Inc. 0.17% 40,100 $5.8M New
CGAU Centerra Gold Inc. 0.16% 325,400 $5.8M Reduce -78.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 23,600 $5.7M No change
PRMB Primo Brands Corp. 0.16% 290,250 $5.5M Reduce -0.3%
ETN Eaton Corp. PLC 0.15% 15,200 $5.4M No change
EXC Exelon Corp. 0.15% 110,600 $5.4M No change
CP Canadian Pacific Kansas City 0.15% 68,596 $5.4M Add +55.7%
AMGN Amgen Inc. 0.15% 15,300 $5.4M No change
TASEKO MINES LTD 0.15% 809,100 $5.2M Reduce -17.5%
USAS Americas Gold and Silver Cor 0.15% 994,840 $5.2M Reduce -3.8%
NKE Nike Inc. Class B 0.15% 96,500 $5.1M No change
MDT Medtronic PLC 0.15% 58,800 $5.1M Reduce -37.1%
WFC Wells Fargo & Co. 0.14% 63,800 $5.1M Add +87.1%
COP Conocophillips 0.14% 38,000 $5.0M Reduce -56.9%
EFXT Enerflex Ltd. 0.14% 238,800 $5.0M Reduce -40.4%
FCX Freeport-McMoran Inc. 0.14% 84,100 $4.9M Reduce -30.6%
BIPC Brookfield Infrastructure-A 0.14% 120,600 $4.8M Add +159.9%
PCG P G & E Corp. 0.13% 268,800 $4.7M New
MKC McCormick & Co.-Non VTG SHRS 0.13% 90,900 $4.6M Add +21.4%
SPGI S&P Global Inc. 0.13% 10,700 $4.6M Add +311.5%
WY Weyerhaeuser Co. 0.13% 180,000 $4.4M No change
HBAN Huntington Bancshares Inc. 0.12% 272,000 $4.3M New
DNN Denison Mines Corp. 0.12% 1,178,300 $4.2M Reduce -9.8%
URI United Rentals Inc. 0.12% 5,700 $4.2M Add +200.0%
OMC Omnicom Group 0.12% 54,400 $4.1M No change
DOC Healthpeak Properties Inc. 0.11% 234,400 $3.9M Reduce -2.0%
STT State Street Corp. 0.11% 30,300 $3.8M No change
SYY Sysco Corp. 0.11% 53,300 $3.8M Add +32.9%
EMN Eastman Chemical Co. 0.11% 49,300 $3.8M Reduce -30.4%
AMT American Tower Corp. 0.10% 21,200 $3.7M No change
BX Blackstone Inc. 0.10% 31,200 $3.6M No change
RTX RTX Corp. 0.10% 18,500 $3.6M Reduce -16.7%
AMH American Homes 4 Rent- A 0.10% 125,910 $3.5M No change
ADP Automatic Data Processing 0.10% 17,100 $3.5M Add +119.2%
LAR Lithium Argentina AG 0.09% 497,100 $3.3M New
O Realty Income Corp. 0.09% 54,300 $3.3M No change
HPE Hewlett Packard Enterprise 0.09% 138,800 $3.3M Reduce -12.7%
LSPD Lightspeed Commerce Inc. 0.09% 364,200 $3.3M Reduce -3.9%
MU Micron Technology Inc. 0.09% 9,600 $3.2M Reduce -1.0%
PPTA Perpetua Resources Corp. 0.09% 113,200 $3.2M Reduce -34.5%
GM General Motors Co. 0.09% 42,600 $3.2M No change
CMCSA Comcast Corp. Class A 0.09% 108,900 $3.1M No change
SO The Southern Co. 0.09% 32,100 $3.1M No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.09% 31,300 $3.0M No change
VTR Ventas Inc. 0.09% 36,900 $3.0M No change
LLY Eli Lilly & Co. 0.08% 3,180 $2.9M Add +5.0%
NTAP Netapp Inc. 0.08% 28,300 $2.9M Reduce -2.4%
OPEN Opendoor Technologies Inc. 0.08% 615,840 $2.9M Add +253.0%
PLD Prologis Inc. 0.08% 21,700 $2.9M No change
FTS Fortis Inc. 0.08% 51,030 $2.8M Reduce -94.5%
AVB Avalonbay Communities Inc. 0.08% 17,300 $2.8M No change
SANG Sangoma Technologies Corp. 0.08% 717,425 $2.8M Add +10.0%
NOA North American Construction 0.08% 208,000 $2.8M Add +77.8%
AES AES Corp. 0.08% 194,800 $2.7M No change
TSAT Telesat Corp. 0.08% 73,700 $2.7M New
SUNB Sunbelt Rentals Holdings Inc. 0.07% 39,300 $2.5M New
Q Qnity Electronics Inc. 0.07% 21,350 $2.5M Reduce -38.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.07% 89,500 $2.4M No change
GOOG Alphabet Inc. Class C 0.07% 8,200 $2.4M No change
V Visa Inc. Class A 0.07% 7,700 $2.3M No change
REGN Regeneron Pharmaceuticals 0.07% 3,010 $2.3M Reduce -1.0%
ALM Almonty Industries Inc. 0.06% 154,600 $2.2M Add +86.0%
QCOM Qualcomm Inc. 0.06% 16,800 $2.2M No change
GS Goldman Sachs Group Inc. 0.06% 2,400 $2.0M No change
WAB Wabtec Corp. 0.05% 7,700 $1.9M No change
TSLA Tesla Inc. 0.05% 5,000 $1.9M No change
NFLX Netflix Inc. 0.05% 18,200 $1.7M Add +41.1%
SVM Silvercorp Metals Inc. 0.05% 162,700 $1.7M New
MCHP Microchip Technology Inc. 0.05% 26,900 $1.7M New
MSI Motorola Solutions Inc. 0.05% 4,000 $1.7M New
BA The Boeing Co. 0.05% 8,700 $1.7M No change
RF Regions Financial Corp. 0.05% 63,600 $1.7M Reduce -48.2%
COST Costco Wholesale Corp. 0.05% 1,650 $1.6M Add +6.5%
DELL Dell Technologies -C 0.05% 9,700 $1.6M Reduce -7.6%
BSX Boston Scientific Corp. 0.05% 25,300 $1.6M Add +65.4%
TPR Tapestry Inc. 0.04% 11,200 $1.6M Reduce -33.3%
LYB Lyondellbasell Indu Class A 0.04% 19,400 $1.6M New
EXR Extra Space Storage Inc. 0.04% 11,900 $1.6M No change
APP AppLovin Corp. Class A 0.04% 3,870 $1.5M Add +54.8%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 3,200 $1.5M No change
NOW ServiceNow Inc. 0.04% 14,530 $1.5M Add +18.5%
ATS Ats Corp. 0.04% 53,389 $1.5M New
C Citigroup Inc. 0.04% 13,100 $1.5M No change
CMG Chipotle Mexican Grill Inc. 0.04% 46,200 $1.5M No change
ERO Ero Copper Corp. 0.04% 54,900 $1.5M New
FSM Fortuna Mining Corp. 0.04% 147,100 $1.5M Add +16.4%
AZO AutoZone Inc. 0.04% 400 $1.4M No change
COF Capital One Financial Corp. 0.04% 7,300 $1.3M No change
BB Blackberry Ltd. 0.04% 403,100 $1.3M New
ANET Arista Networks Inc. 0.04% 10,200 $1.3M New
QXO Qxo Inc. 0.03% 60,000 $1.2M Add +16.5%
ISOU Isoenergy Ltd. 0.03% 108,581 $1.2M Reduce -43.5%
ADI Analog Devices Inc. 0.03% 3,600 $1.1M Reduce -59.5%
DXCM Dexcom Inc. 0.03% 17,500 $1.1M Reduce -35.9%
XYL Xylem Inc. 0.03% 8,300 $992K No change
ELV Elevance Health Inc. 0.03% 3,370 $987K No change
BHC Bausch Health Cos Inc. 0.03% 175,100 $946K Add +74.2%
TDG Transdigm Group Inc. 0.03% 800 $927K New
VLO Valero Energy Corp. 0.03% 3,700 $914K Add +640.0%
FLS Flowserve Corp. 0.03% 12,400 $912K No change
LHX L3HARRIS Technologies Inc. 0.03% 2,600 $897K No change
TECK Teck Resources Ltd.-CLS B 0.02% 16,200 $839K Add +17.4%
BEPC Brookfield Renewable Corp. 0.02% 21,000 $837K New
MET Metlife Inc. 0.02% 11,600 $820K Reduce -7.9%
RJF Raymond James Financial Inc. 0.02% 5,500 $796K No change
UBER Uber Technologies Inc. 0.02% 11,000 $791K Add +41.0%
DDOG Datadog Inc. Class A 0.02% 6,700 $791K New
APO Apollo Global Management Inc. 0.02% 6,800 $758K Reduce -11.7%
GMED Globus Medical Inc. Class A 0.02% 8,600 $741K Reduce -31.8%
SBAC SBA Communications Corp. 0.02% 4,300 $740K No change
EMR Emerson Electric Co. 0.02% 5,500 $721K No change
ICE Intercontinental Exchange Inc. 0.02% 4,500 $708K No change
EXK Endeavour Silver Corp. 0.02% 75,700 $706K Reduce -79.7%
DHR Danaher Corp. 0.02% 3,700 $702K Reduce -52.6%
MA Mastercard Inc. Class A 0.02% 1,400 $700K No change
CPAY Corpay Inc. 0.02% 2,400 $698K No change
CAH Cardinal Health Inc. 0.02% 3,200 $676K Reduce -21.9%
ZTS Zoetis Inc. 0.02% 5,700 $674K Add +850.0%
IQV Iqvia Holdings Inc. 0.02% 3,800 $648K New
PANW Palo Alto Networks Inc. 0.02% 4,000 $641K Reduce -29.8%
ALL Allstate Corp. 0.02% 3,000 $622K No change
PODD Insulet Corp. 0.02% 2,900 $609K New
DLTR Dollar Tree Inc. 0.02% 5,100 $559K New
AAUC Allied Gold Corp. 0.02% 17,700 $548K New
UHS Universal Health Services-B 0.02% 3,000 $537K Add +172.7%
KKR KKR & Co. Inc. 0.02% 5,800 $537K No change
AIG American International Group 0.01% 6,600 $497K No change
PGR Progressive Corp. 0.01% 2,400 $476K No change
SNPS Synopsys Inc. 0.01% 1,200 $476K Reduce -52.0%
TER Teradyne Inc. 0.01% 1,500 $445K Reduce -91.0%
CELH Celsius Holdings Inc. 0.01% 11,700 $415K New
CARR Carrier Global Corp. 0.01% 7,100 $400K Reduce -16.5%
WMT Walmart Inc. 0.01% 3,100 $385K Reduce -8.8%
CEG Constellation Energy 0.01% 1,302 $364K No change
XYZ Block Inc. 0.01% 5,900 $355K Reduce -16.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,600 $347K New
PFGC Performance Food Group Co. 0.01% 4,000 $343K Add +60.0%
FSV Firstservice Corp. 0.01% 2,400 $334K No change
PLTR Palantir Technologies Inc. Class A 0.01% 1,900 $278K New
IMO Imperial Oil Ltd. 0.01% 2,000 $262K Add +11.1%
NEM Newmont Corp. 0.01% 2,200 $238K Add +57.1%
STZ Constellation Brands Inc. Class A 0.01% 1,500 $225K New
ELF Elf Beauty Inc. 0.00% 2,800 $170K Add +115.4%
VSNT Versant Media Group Inc. 0.00% 4,356 $161K No change
NG Novagold Resources Inc. 0.00% 700 $6K Reduce -99.5%
Other holdings (3): bonds, preferreds, convertibles and warrants · $6K (not counted above)
SecurityClassShares / PrincipalValueChange
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 5,814$4KNo change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 5,814$1KNo change
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 5,814$1KNo change

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

Portfolio Sells Q4 2025 → Q1 2026

TD Toronto-Dominion Bank Reduce -45.6% 3.34% −2.92
SLF Sun Life Financial Inc. Reduce -79.7% 0.73% −2.88
GRTUF Granite Real Estate Investme Sold out 0.00% −2.04
B Barrick Mining Corp. Reduce -54.9% 1.07% −1.49
FTS Fortis Inc. Reduce -94.5% 0.08% −1.30
CAE Cae Inc. Reduce -43.3% 0.51% −0.55
BGSI Boyd Group Services Inc. Reduce -61.2% 0.23% −0.51
RCI Rogers Communications Inc. Class B Reduce -20.5% 1.94% −0.48
CGAU Centerra Gold Inc. Reduce -78.5% 0.16% −0.46
MGA Magna International Inc. Reduce -21.3% 1.97% −0.44
CM Can Imperial BK of Commerce Reduce -33.8% 0.88% −0.40
SHOP Shopify Inc. Class A Reduce -7.5% 0.83% −0.40
NGD New Gold Inc. Sold out 0.00% −0.31
MEOH Methanex Corp. Reduce -55.8% 0.51% −0.26
FNV Franco-Nevada Corp. Reduce -31.7% 0.99% −0.24
GIL Gildan Activewear Inc. Reduce -0.1% 1.72% −0.23
ENB Enbridge Inc. Reduce -25.4% 1.14% −0.22
BTG B2GOLD Corp. Sold out 0.00% −0.21
CLS Celestica Inc. Reduce -49.8% 0.19% −0.21
PBA Pembina Pipeline Corp. Reduce -21.6% 2.17% −0.21
ORLA Orla Mining Ltd. Sold out 0.00% −0.18
WM Waste Management Inc. Sold out 0.00% −0.18
BEP Brookfield Renewable Partner Reduce -32.3% 0.73% −0.17
EIX Edison International Sold out 0.00% −0.16
BNS Bank of Nova Scotia Reduce -9.6% 0.77% −0.14
AQN Algonquin Power & Utilities Reduce -18.8% 0.58% −0.14
FITB Fifth Third Bancorp Sold out 0.00% −0.14
GLW Corning Inc. Sold out 0.00% −0.13
JPM JPMorgan Chase & Co. Reduce -15.2% 0.37% −0.11
MDT Medtronic PLC Reduce -37.1% 0.15% −0.11
CIGI Colliers Intl GR-Subord Vot Reduce -5.6% 0.23% −0.11
SKE Skeena Resources Ltd. Sold out 0.00% −0.11
CSCO Cisco Systems Inc. Reduce -23.5% 0.35% −0.11
TFPM Triple Flag Precious Met Sold out 0.00% −0.10
GILD Gilead Sciences Inc. Reduce -40.0% 0.20% −0.10
META Meta Platforms Inc. Class A Reduce -6.2% 0.40% −0.10
COP Conocophillips Reduce -56.9% 0.14% −0.09
AEM Agnico Eagle Mines Ltd. Reduce -23.0% 0.92% −0.09
EXK Endeavour Silver Corp. Reduce -79.7% 0.02% −0.08
TER Teradyne Inc. Reduce -91.0% 0.01% −0.08
AMZN Amazon.com Inc. Reduce -17.1% 0.21% −0.07
ARIS Aris Mining Corp. Sold out 0.00% −0.07
UUUU Energy Fuels Inc. Sold out 0.00% −0.06
BCE Bce Inc. Reduce -6.8% 2.58% −0.06
CL Colgate-Palmolive Co. Sold out 0.00% −0.06
RF Regions Financial Corp. Reduce -48.2% 0.05% −0.05
LSPD Lightspeed Commerce Inc. Reduce -3.9% 0.09% −0.04
ADI Analog Devices Inc. Reduce -59.5% 0.03% −0.04
FCX Freeport-McMoran Inc. Reduce -30.6% 0.14% −0.04
EFXT Enerflex Ltd. Reduce -40.4% 0.14% −0.04

Portfolio Buys Q4 2025 → Q1 2026

SU Suncor Energy Inc. Add +18.1% 3.77% +1.61
EMA Emera Inc. Add +104.9% 2.65% +1.41
RY Royal Bank of Canada Add +42.3% 5.06% +1.27
CNI Canadian Natl Railway Co. Add +69.9% 2.82% +1.21
CVE Cenovus Energy Inc. Add +11.4% 2.84% +1.20
OVV Ovintiv Inc. New 1.15% +1.15
KGC Kinross Gold Corp. Add +446.4% 1.37% +1.14
BAM Brookfield Asset Mgmt-A Add +112.3% 2.10% +0.93
BMO Bank of Montreal Add +83.5% 1.50% +0.71
BIP Brookfield Infrastructure Pa Add +18.3% 3.10% +0.70
TU Telus Corp. Add +69.5% 1.51% +0.59
EGO Eldorado Gold Corp. New 0.53% +0.53
TRI Thomson Reuters Corp. Add +3197.3% 0.53% +0.51
WPM Wheaton Precious Metals Corp. Add +94.3% 0.93% +0.50
TAC Transalta Corp. Add +237.9% 0.54% +0.39
HBM Hudbay Minerals Inc. Add +13822.3% 0.38% +0.38
QSR Restaurant Brands Intern Add +28.6% 1.37% +0.38
WCN Waste Connections Inc. Add +191.9% 0.53% +0.33
VET Vermilion Energy Inc. Add +34.7% 0.58% +0.32
SOBO South Bow Corp. Add +10.5% 1.01% +0.25
TFII Tfi International Inc. New 0.23% +0.23
APH Amphenol Corp. Class A New 0.21% +0.21
WFG West Fraser Timber Co. Ltd. Add +108.8% 0.37% +0.20
RSG Republic Services Inc. Add +7025.0% 0.18% +0.18
EOG EOG Resources Inc. New 0.17% +0.17
SII Sprott Inc. Add +17.0% 0.37% +0.15
CVX Chevron Corp. Add +0.2% 0.57% +0.15
PCG P G & E Corp. New 0.13% +0.13
HBAN Huntington Bancshares Inc. New 0.12% +0.12
IAG Iamgold Corp. Add +7.5% 0.62% +0.11
CCJ Cameco Corp. Add +4.3% 0.55% +0.10
LAR Lithium Argentina AG New 0.09% +0.09
SPGI S&P Global Inc. Add +311.5% 0.13% +0.09
ABBV Abbvie Inc. Add +22.6% 0.67% +0.09
AMAT Applied Materials Inc. Add +20.6% 0.24% +0.09
TSAT Telesat Corp. New 0.08% +0.08
BIPC Brookfield Infrastructure-A Add +159.9% 0.14% +0.08
APD Air Products & Chemicals Inc. Add +23.5% 0.24% +0.07
URI United Rentals Inc. Add +200.0% 0.12% +0.07
SRE Sempra Add +28.6% 0.25% +0.07
SUNB Sunbelt Rentals Holdings Inc. New 0.07% +0.07
ABT Abbott Laboratories Add +64.2% 0.27% +0.07
CP Canadian Pacific Kansas City Add +55.7% 0.15% +0.06
BN Brookfield Corp. Add +29.3% 0.46% +0.05
WFC Wells Fargo & Co. Add +87.1% 0.14% +0.05
OPEN Opendoor Technologies Inc. Add +253.0% 0.08% +0.05
MDLZ Mondelez International Inc. Class A Add +10.5% 0.34% +0.05
SVM Silvercorp Metals Inc. New 0.05% +0.05
MCHP Microchip Technology Inc. New 0.05% +0.05
MSI Motorola Solutions Inc. New 0.05% +0.05

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