Mufg Securities (canada), LTD.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Mufg Securities (canada), LTD. reported 42 stock positions worth $2.9 billion. Its top holding was TC Energy (TRP) at 13.0% of the portfolio, followed by Royal Bank of Canada (RY, 8.5%) and Toronto-Dominion Bank (TD, 7.4%). Compared with Q4 2024, it added to 12 and reduced 30. The biggest buy was TC Energy (TRP, shares +28%) and the biggest sale Can Imperial BK of Commerce (CM, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001656187
- Portfolio Value
- $2.9B (Q1 2025)
- SEC Filing
- 0001656187-25-000008 ↗ filed May 9, 2025
Holdings Value
Holdings 42 stocks · $2.9B
| TRP TC Energy Corp. | 13.02% | 7,910,364 | $373.5M | Add +27.9% |
| RY Royal Bank of Canada | 8.47% | 2,157,904 | $243.0M | Reduce -0.1% |
| TD Toronto-Dominion Bank | 7.35% | 3,520,726 | $210.9M | Add +31.9% |
| SHOP Shopify Inc. Class A | 6.15% | 1,854,543 | $176.4M | Add +0.1% |
| ENB Enbridge Inc. | 5.13% | 3,324,596 | $147.1M | Reduce -0.0% |
| BN Brookfield Corp. | 3.99% | 2,188,079 | $114.5M | Reduce -0.1% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.70% | 1,112,032 | $106.2M | Reduce -0.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 3.55% | 2,150,322 | $101.9M | Add +13.2% |
| CP Canadian Pacific Kansas City | 3.48% | 1,424,509 | $99.9M | Reduce -0.1% |
| CNQ Canadian Natural Resources | 3.44% | 3,206,983 | $98.7M | Reduce -0.5% |
| AEM Agnico Eagle Mines Ltd. | 2.90% | 767,339 | $83.1M | Add +0.2% |
| CNI Canadian Natl Railway Co. | 2.86% | 843,532 | $82.1M | Reduce -0.2% |
| MFC Manulife Financial Corp. | 2.85% | 2,629,237 | $81.9M | Reduce -1.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.82% | 1,437,829 | $80.9M | Reduce -38.6% |
| WCN Waste Connections Inc. | 2.67% | 393,737 | $76.7M | Reduce -0.1% |
| SU Suncor Energy Inc. | 2.56% | 1,898,908 | $73.5M | Reduce -1.1% |
| WPM Wheaton Precious Metals Corp. | 1.87% | 692,182 | $53.7M | Reduce -0.1% |
| B Barrick Gold Corp. | 1.78% | 2,635,064 | $51.1M | Reduce -1.3% |
| SLF Sun Life Financial Inc. | 1.75% | 875,596 | $50.1M | Reduce -0.4% |
| FNV Franco-Nevada Corp. | 1.61% | 293,781 | $46.2M | Reduce -0.1% |
| NTR Nutrien Ltd. | 1.29% | 747,331 | $37.1M | Reduce -0.8% |
| TRI Thomson Reuters Corp. | 1.24% | 205,976 | $35.5M | Reduce -0.1% |
| PBA Pembina Pipeline Corp. | 1.23% | 885,812 | $35.4M | Reduce -0.1% |
| FTS Fortis Inc. | 1.21% | 761,805 | $34.7M | Add +0.3% |
| QSR Restaurant Brands Intern | 1.15% | 494,983 | $33.0M | Add +0.1% |
| TU Telus Corp. | 1.13% | 2,263,834 | $32.5M | Add +1.2% |
| BCE Bce Inc. | 1.11% | 1,391,885 | $31.9M | Reduce -0.1% |
| GIB Cgi Inc. | 1.08% | 309,171 | $30.9M | Reduce -0.7% |
| BAM Brookfield Asset Mgmt-A | 0.97% | 574,517 | $27.8M | Add +1.1% |
| CCJ Cameco Corp. | 0.95% | 664,162 | $27.3M | Reduce -0.1% |
| CVE Cenovus Energy Inc. | 0.94% | 1,948,032 | $27.1M | Reduce -0.2% |
| TECK Teck Resources Ltd.-CLS B | 0.87% | 684,846 | $24.9M | Reduce -0.9% |
| KGC Kinross Gold Corp. | 0.82% | 1,875,297 | $23.6M | Reduce -0.1% |
| BIP Brookfield Infrastructure Pa | 0.73% | 704,743 | $21.0M | Reduce -0.0% |
| IMO Imperial Oil Ltd. | 0.61% | 240,764 | $17.4M | Reduce -2.8% |
| RCI Rogers Communications Inc. Class B | 0.54% | 583,516 | $15.6M | Add +1.1% |
| MGA Magna International Inc. | 0.48% | 404,619 | $13.7M | Reduce -1.9% |
| CAE Cae Inc. | 0.42% | 487,915 | $12.0M | Add +0.2% |
| FSV Firstservice Corp. | 0.37% | 63,542 | $10.5M | Add +0.2% |
| OTEX Open Text Corp. | 0.35% | 402,789 | $10.2M | Reduce -0.8% |
| GIL Gildan Activewear Inc. | 0.33% | 215,772 | $9.5M | Reduce -1.6% |
| AQN Algonquin Power & Utilities | 0.21% | 1,170,842 | $6.0M | Reduce -0.1% |
Portfolio Sells Q4 2024 → Q1 2025
| CM Can Imperial BK of Commerce | Reduce -38.6% | 2.82% | −2.53 |
| RY Royal Bank of Canada | Reduce -0.1% | 8.47% | −0.93 |
| BN Brookfield Corp. | Reduce -0.1% | 3.99% | −0.55 |
| CCJ Cameco Corp. | Reduce -0.1% | 0.95% | −0.28 |
| CP Canadian Pacific Kansas City | Reduce -0.1% | 3.48% | −0.24 |
| CNI Canadian Natl Railway Co. | Reduce -0.2% | 2.86% | −0.24 |
| BMO Bank of Montreal | Reduce -0.2% | 3.70% | −0.20 |
| GIB Cgi Inc. | Reduce -0.7% | 1.08% | −0.15 |
| CNQ Canadian Natural Resources | Reduce -0.5% | 3.44% | −0.15 |
| MGA Magna International Inc. | Reduce -1.9% | 0.48% | −0.14 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.9% | 0.87% | −0.14 |
| SLF Sun Life Financial Inc. | Reduce -0.4% | 1.75% | −0.14 |
| CVE Cenovus Energy Inc. | Reduce -0.2% | 0.94% | −0.12 |
| MFC Manulife Financial Corp. | Reduce -1.7% | 2.85% | −0.11 |
| BIP Brookfield Infrastructure Pa | Reduce -0.0% | 0.73% | −0.08 |
| OTEX Open Text Corp. | Reduce -0.8% | 0.35% | −0.06 |
| BCE Bce Inc. | Reduce -0.1% | 1.11% | −0.05 |
| GIL Gildan Activewear Inc. | Reduce -1.6% | 0.33% | −0.04 |
| AQN Algonquin Power & Utilities | Reduce -0.1% | 0.21% | +0.02 |
| ENB Enbridge Inc. | Reduce -0.0% | 5.13% | +0.03 |
| TRI Thomson Reuters Corp. | Reduce -0.1% | 1.24% | +0.04 |
| PBA Pembina Pipeline Corp. | Reduce -0.1% | 1.23% | +0.05 |
| IMO Imperial Oil Ltd. | Reduce -2.8% | 0.61% | +0.05 |
| NTR Nutrien Ltd. | Reduce -0.8% | 1.29% | +0.08 |
| SU Suncor Energy Inc. | Reduce -1.1% | 2.56% | +0.09 |
| KGC Kinross Gold Corp. | Reduce -0.1% | 0.82% | +0.19 |
| WCN Waste Connections Inc. | Reduce -0.1% | 2.67% | +0.23 |
| B Barrick Gold Corp. | Reduce -1.3% | 1.78% | +0.29 |
| FNV Franco-Nevada Corp. | Reduce -0.1% | 1.61% | +0.36 |
| WPM Wheaton Precious Metals Corp. | Reduce -0.1% | 1.87% | +0.46 |
Portfolio Buys Q4 2024 → Q1 2025
| TRP TC Energy Corp. | Add +27.9% | 13.02% | +2.62 |
| TD Toronto-Dominion Bank | Add +31.9% | 7.35% | +2.22 |
| AEM Agnico Eagle Mines Ltd. | Add +0.2% | 2.90% | +0.73 |
| FTS Fortis Inc. | Add +0.3% | 1.21% | +0.07 |
| TU Telus Corp. | Add +1.2% | 1.13% | +0.04 |
| QSR Restaurant Brands Intern | Add +0.1% | 1.15% | −0.01 |
| CAE Cae Inc. | Add +0.2% | 0.42% | −0.03 |
| FSV Firstservice Corp. | Add +0.2% | 0.37% | −0.05 |
| RCI Rogers Communications Inc. Class B | Add +1.1% | 0.54% | −0.10 |
| BNS Bank of Nova Scotia | Add +13.2% | 3.55% | −0.13 |
| BAM Brookfield Asset Mgmt-A | Add +1.1% | 0.97% | −0.14 |
| SHOP Shopify Inc. Class A | Add +0.1% | 6.15% | −0.97 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $3.7B | RY, TRP, TD, CNQ, SHOP |
| Q1 2026 | 43 | $3.5B | RY, TD, SHOP, TRP, ENB |
| Q4 2025 | 43 | $3.6B | RY, SHOP, TRP, TD, ENB |
| Q3 2025 | 43 | $3.6B | RY, SHOP, TRP, TD, ENB |
| Q2 2025 | 43 | $3.3B | RY, SHOP, TRP, TD, ENB |
| Q1 2025 | 42 | $2.9B | TRP, RY, TD, SHOP, ENB |
| Q4 2024 | 42 | $2.8B | TRP, RY, SHOP, CM, TD |
| Q3 2024 | 42 | $2.2B | TD, CM, RY, SHOP, BNS |
| Q2 2024 | 42 | $1.5B | TRP, CM, RY, BNS, NTR |
| Q1 2024 | 42 | $790.7M | TRP, BNS, CM, TD, RY |