Mufg Securities (canada), LTD.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Mufg Securities (canada), LTD. reported 43 stock positions worth $3.6 billion. Its top holding was Royal Bank of Canada (RY) at 9.6% of the portfolio, followed by Shopify Class A (SHOP, 8.4%) and TC Energy (TRP, 7.1%). Compared with Q2 2025, it added to 1 and reduced 42. The biggest buy was Gildan Activewear (GIL, shares +4%) and the biggest sale Canadian Pacific Kansas City (CP, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001656187
- Portfolio Value
- $3.6B (Q3 2025)
- SEC Filing
- 0001656187-25-000011 ↗ filed Nov 12, 2025
Holdings Value
Holdings 43 stocks · $3.6B
| RY Royal Bank of Canada | 9.58% | 2,326,223 | $342.8M | Reduce -3.0% |
| SHOP Shopify Inc. Class A | 8.39% | 2,019,572 | $300.0M | Reduce -2.2% |
| TRP TC Energy Corp. | 7.10% | 4,670,848 | $253.9M | Reduce -1.9% |
| TD Toronto-Dominion Bank | 6.34% | 2,838,167 | $226.9M | Reduce -2.8% |
| ENB Enbridge Inc. | 5.09% | 3,608,185 | $182.0M | Reduce -2.4% |
| BN Brookfield Corp. | 4.56% | 2,379,875 | $163.3M | Reduce -2.1% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.32% | 1,185,390 | $154.4M | Reduce -3.4% |
| AEM Agnico Eagle Mines Ltd. | 3.92% | 832,029 | $140.1M | Reduce -2.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 3.72% | 2,055,946 | $132.9M | Reduce -2.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 3.44% | 1,538,058 | $122.9M | Reduce -3.5% |
| CP Canadian Pacific Kansas City | 3.15% | 1,511,812 | $112.6M | Reduce -4.1% |
| CNQ Canadian Natural Resources | 3.09% | 3,456,929 | $110.5M | Reduce -2.6% |
| B Barrick Mining Corp. | 2.59% | 2,822,974 | $92.7M | Reduce -3.2% |
| MFC Manulife Financial Corp. | 2.45% | 2,810,633 | $87.6M | Reduce -3.2% |
| CNI Canadian Natl Railway Co. | 2.42% | 919,403 | $86.7M | Reduce -1.9% |
| WPM Wheaton Precious Metals Corp. | 2.35% | 751,177 | $84.1M | Reduce -2.4% |
| SU Suncor Energy Inc. | 2.35% | 2,007,606 | $84.0M | Reduce -3.5% |
| WCN Waste Connections Inc. | 2.10% | 427,573 | $75.2M | Reduce -2.4% |
| FNV Franco-Nevada Corp. | 1.98% | 318,870 | $71.0M | Reduce -2.3% |
| CCJ Cameco Corp. | 1.69% | 720,452 | $60.5M | Reduce -2.4% |
| SLF Sun Life Financial Inc. | 1.56% | 931,879 | $56.0M | Reduce -2.8% |
| KGC Kinross Gold Corp. | 1.40% | 2,010,944 | $49.9M | Reduce -3.6% |
| NTR Nutrien Ltd. | 1.32% | 805,700 | $47.3M | Reduce -2.7% |
| FTS Fortis Inc. | 1.18% | 833,338 | $42.3M | Reduce -2.0% |
| TU Telus Corp. | 1.12% | 2,540,023 | $40.0M | Reduce -1.1% |
| PBA Pembina Pipeline Corp. | 1.09% | 961,289 | $38.9M | Reduce -2.4% |
| BCE Bce Inc. | 1.01% | 1,543,087 | $36.1M | Reduce -2.4% |
| BAM Brookfield Asset Mgmt-A | 0.99% | 623,286 | $35.5M | Reduce -2.4% |
| CVE Cenovus Energy Inc. | 0.99% | 2,083,387 | $35.4M | Reduce -3.7% |
| QSR Restaurant Brands Intern | 0.97% | 542,427 | $34.8M | Reduce -2.3% |
| TRI Thomson Reuters Corp. | 0.97% | 223,728 | $34.7M | Reduce -2.4% |
| TECK Teck Resources Ltd.-CLS B | 0.91% | 743,363 | $32.6M | Reduce -0.7% |
| GIB Cgi Inc. | 0.82% | 328,954 | $29.3M | Reduce -3.1% |
| BIP Brookfield Infrastructure Pa | 0.70% | 763,066 | $25.1M | Reduce -2.6% |
| EMA Emera Inc. | 0.66% | 495,185 | $23.8M | Reduce -1.9% |
| IMO Imperial Oil Ltd. | 0.66% | 259,881 | $23.6M | Reduce -2.9% |
| RCI Rogers Communications Inc. Class B | 0.61% | 639,003 | $22.0M | Reduce -1.9% |
| MGA Magna International Inc. | 0.58% | 438,294 | $20.8M | Reduce -2.4% |
| OTEX Open Text Corp. | 0.44% | 420,828 | $15.7M | Reduce -4.2% |
| CAE Cae Inc. | 0.44% | 530,532 | $15.7M | Reduce -2.3% |
| GIL Gildan Activewear Inc. | 0.40% | 246,976 | $14.3M | Add +3.6% |
| FSV Firstservice Corp. | 0.36% | 67,840 | $12.9M | Reduce -4.3% |
| AQN Algonquin Power & Utilities | 0.17% | 1,156,483 | $6.2M | Reduce -11.2% |
Portfolio Sells Q2 2025 → Q3 2025
| CP Canadian Pacific Kansas City | Reduce -4.1% | 3.15% | −0.66 |
| CNI Canadian Natl Railway Co. | Reduce -1.9% | 2.42% | −0.54 |
| TRI Thomson Reuters Corp. | Reduce -2.4% | 0.97% | −0.43 |
| WCN Waste Connections Inc. | Reduce -2.4% | 2.10% | −0.38 |
| SLF Sun Life Financial Inc. | Reduce -2.8% | 1.56% | −0.37 |
| MFC Manulife Financial Corp. | Reduce -3.2% | 2.45% | −0.37 |
| CNQ Canadian Natural Resources | Reduce -2.6% | 3.09% | −0.30 |
| GIB Cgi Inc. | Reduce -3.1% | 0.82% | −0.26 |
| TD Toronto-Dominion Bank | Reduce -2.8% | 6.34% | −0.18 |
| QSR Restaurant Brands Intern | Reduce -2.3% | 0.97% | −0.15 |
| NTR Nutrien Ltd. | Reduce -2.7% | 1.32% | −0.14 |
| TU Telus Corp. | Reduce -1.1% | 1.12% | −0.13 |
| BIP Brookfield Infrastructure Pa | Reduce -2.6% | 0.70% | −0.09 |
| BAM Brookfield Asset Mgmt-A | Reduce -2.4% | 0.99% | −0.08 |
| BCE Bce Inc. | Reduce -2.4% | 1.01% | −0.06 |
| AQN Algonquin Power & Utilities | Reduce -11.2% | 0.17% | −0.05 |
| FTS Fortis Inc. | Reduce -2.0% | 1.18% | −0.05 |
| CAE Cae Inc. | Reduce -2.3% | 0.44% | −0.04 |
| EMA Emera Inc. | Reduce -1.9% | 0.66% | −0.04 |
| PBA Pembina Pipeline Corp. | Reduce -2.4% | 1.09% | −0.04 |
| SU Suncor Energy Inc. | Reduce -3.5% | 2.35% | −0.02 |
| FSV Firstservice Corp. | Reduce -4.3% | 0.36% | −0.01 |
| RY Royal Bank of Canada | Reduce -3.0% | 9.58% | −0.01 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.7% | 0.91% | −0.01 |
| BN Brookfield Corp. | Reduce -2.1% | 4.56% | −0.01 |
| ENB Enbridge Inc. | Reduce -2.4% | 5.09% | −0.00 |
| CM Can Imperial BK of Commerce | Reduce -3.5% | 3.44% | −0.00 |
| IMO Imperial Oil Ltd. | Reduce -2.9% | 0.66% | +0.01 |
| CCJ Cameco Corp. | Reduce -2.4% | 1.69% | +0.03 |
| RCI Rogers Communications Inc. Class B | Reduce -1.9% | 0.61% | +0.03 |
| TRP TC Energy Corp. | Reduce -1.9% | 7.10% | +0.04 |
| OTEX Open Text Corp. | Reduce -4.2% | 0.44% | +0.05 |
| MGA Magna International Inc. | Reduce -2.4% | 0.58% | +0.05 |
| CVE Cenovus Energy Inc. | Reduce -3.7% | 0.99% | +0.10 |
| BNS Bank of Nova Scotia | Reduce -2.6% | 3.72% | +0.17 |
| BMO Bank of Montreal | Reduce -3.4% | 4.32% | +0.19 |
| WPM Wheaton Precious Metals Corp. | Reduce -2.4% | 2.35% | +0.25 |
| FNV Franco-Nevada Corp. | Reduce -2.3% | 1.98% | +0.36 |
| KGC Kinross Gold Corp. | Reduce -3.6% | 1.40% | +0.41 |
| B Barrick Mining Corp. | Reduce -3.2% | 2.59% | +0.75 |
| AEM Agnico Eagle Mines Ltd. | Reduce -2.5% | 3.92% | +0.83 |
| SHOP Shopify Inc. Class A | Reduce -2.2% | 8.39% | +1.15 |
Portfolio Buys Q2 2025 → Q3 2025
| GIL Gildan Activewear Inc. | Add +3.6% | 0.40% | +0.04 |
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 |