Nexus Investment Management ULC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 10, 2024), Nexus Investment Management ULC reported 76 stock positions worth $1.0 billion. Its top holding was JPMorgan Chase (JPM) at 5.0% of the portfolio, followed by Royal Bank of Canada (RY, 5.0%) and Toronto-Dominion Bank (TD, 4.9%). Compared with Q4 2023, it opened 3 new positions, sold out of 1, added to 31 and reduced 15. The biggest buy was a new position in Texas Instruments (TXN) and the biggest sale Western Digital (WDC, shares −99%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001476329
Portfolio Value
$1.0B (Q1 2024)
SEC Filing
0000945621-24-000342 ↗ filed Apr 10, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B $1.0B Q1 2024 Q2 2024: $952.1M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $999.7M Q4 2024 Q1 2025: $883.6M Q1 2025 Q2 2025: $669.2M Q2 2025 Q3 2025: $704.4M Q3 2025 Q4 2025: $733.8M Q4 2025 Q1 2026: $715.1M Q1 2026 Q2 2026: $766.9M Q2 2026

Holdings 76 stocks · $1.0B
JPM JPMorgan Chase & Co. 5.04% 260,887 $52.3M Reduce -0.3%
RY Royal Bank of Canada 4.95% 509,004 $51.4M Add +2.2%
TD Toronto-Dominion Bank 4.89% 840,410 $50.8M Add +5.7%
META Meta Platforms Inc. Class A 4.78% 102,170 $49.6M Reduce -0.9%
ROST Ross Stores Inc. 3.78% 267,030 $39.2M Add +0.1%
MSFT Microsoft Corp. 3.68% 90,655 $38.1M Add +0.0%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 3.43% 687,945 $35.6M Add +5.0%
BIP Brookfield Infrastructure Pa 3.38% 1,121,935 $35.1M Add +0.2%
CSCO Cisco Systems Inc. 3.29% 683,765 $34.1M Add +4.5%
AEP American Electric Power 3.23% 389,730 $33.6M Add +8.1%
C Citigroup Inc. 3.18% 521,520 $33.0M Reduce -0.1%
GOOG Alphabet Inc. Class C 3.17% 216,048 $32.9M Reduce -0.0%
CVS CVS Health Corp. 3.16% 410,542 $32.7M Add +0.2%
CVE Cenovus Energy Inc. 3.10% 1,608,600 $32.2M Add +5.2%
EOG EOG Resources Inc. 3.02% 245,311 $31.4M Add +4.6%
KMX Carmax Inc. 2.95% 351,088 $30.6M Add +0.4%
DG Dollar General Corp. 2.88% 191,800 $29.9M Add +10.5%
TU Telus Corp. 2.84% 1,841,818 $29.5M Add +9.6%
BSX Boston Scientific Corp. 2.72% 412,399 $28.2M Add +0.6%
ENB Enbridge Inc. 2.71% 776,812 $28.1M Add +1.8%
UPS United Parcel Service Class B 2.70% 188,720 $28.0M Add +10.9%
CAE Cae Inc. 2.63% 1,318,821 $27.3M Add +11.8%
GM General Motors Co. 2.61% 597,102 $27.1M Reduce -2.3%
SU Suncor Energy Inc. 2.46% 690,205 $25.5M Add +1.4%
TRP TC Energy Corp. 2.39% 616,485 $24.8M Add +0.5%
MGA Magna International Inc. 2.24% 426,607 $23.3M Add +6.5%
PFE Pfizer Inc. 2.23% 833,846 $23.1M Add +12.2%
GILD Gilead Sciences Inc. 2.04% 289,478 $21.2M Reduce -0.2%
MS Morgan Stanley 1.65% 182,027 $17.1M Add +6.2%
MDT Medtronic PLC 1.63% 193,504 $16.9M Add +0.2%
TXN Texas Instruments Inc. 1.47% 87,765 $15.3M New
PRAA Pra Group Inc. 0.39% 155,024 $4.0M Reduce -0.3%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.35% 72,529 $3.7M Add +0.8%
BCE Bce Inc. 0.35% 106,258 $3.6M No change
FTS Fortis Inc. 0.32% 83,365 $3.3M Reduce -14.8%
GLW Corning Inc. 0.32% 99,600 $3.3M Add +1.0%
FSV Firstservice Corp. 0.31% 19,546 $3.2M No change
DHR Danaher Corp. 0.30% 12,432 $3.1M No change
GOOGL Alphabet Inc. Class A 0.26% 18,173 $2.7M Reduce -0.0%
UNP Union Pacific Corp. 0.25% 10,710 $2.6M Add +1.4%
EFA iShares MSCI Eafe ETF 0.24% 31,550 $2.5M No change
KR Kroger Co. 0.24% 43,390 $2.5M Add +3.8%
OTEX Open Text Corp. 0.24% 63,130 $2.5M No change
VZ Verizon Communications Inc. 0.19% 45,900 $1.9M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.16% 16,844 $1.6M Add +1.8%
CNQ Canadian Natural Resources 0.15% 20,475 $1.6M Reduce -3.1%
CVX Chevron Corp. 0.14% 9,100 $1.4M Reduce -1.1%
JNJ Johnson & Johnson 0.13% 8,376 $1.3M Add +9.1%
PBA Pembina Pipeline Corp. 0.12% 35,500 $1.3M Add +16.4%
BN Brookfield Corp. 0.12% 29,216 $1.2M Reduce -9.1%
XOM Exxon Mobil Corp. 0.10% 9,155 $1.1M No change
TRI Thomson Reuters Corp. 0.08% 5,635 $878K No change
COST Costco Wholesale Corp. 0.08% 1,184 $867K Reduce -7.8%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.08% 7,100 $866K No change
IMO Imperial Oil Ltd. 0.08% 11,846 $818K No change
LLY Eli Lilly & Co. 0.06% 826 $643K No change
ABBV Abbvie Inc. 0.06% 3,456 $629K No change
CSX CSX Corp. 0.06% 15,840 $587K No change
KMI Kinder Morgan Inc. 0.06% 32,000 $587K New
T AT&T Inc. 0.06% 32,800 $577K No change
CNI Canadian Natl Railway Co. 0.05% 3,900 $514K No change
EXC Exelon Corp. 0.04% 10,800 $406K No change
DFS Discover Financial Services 0.04% 3,043 $399K No change
ABT Abbott Laboratories 0.04% 3,290 $374K No change
VLTO Veralto Corp. 0.03% 3,921 $348K No change
MRK Merck & Co. Inc. 0.03% 2,625 $346K No change
WFC Wells Fargo & Co. 0.03% 5,500 $319K Reduce -15.4%
KMB Kimberly-Clark Corp. 0.03% 2,450 $317K No change
V Visa Inc. Class A 0.03% 1,098 $306K No change
PG The Procter & Gamble Co. 0.03% 1,800 $292K No change
WDC Western Digital Corp. 0.03% 4,000 $273K Reduce -99.0%
BAM Brookfield Asset Mgmt-A 0.02% 5,932 $249K No change
BHC Bausch Health Cos Inc. 0.02% 23,300 $247K No change
TFII Tfi International Inc. 0.02% 1,500 $239K No change
RCI Rogers Communications Inc. Class B 0.02% 5,040 $207K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,350 $203K New

Portfolio Sells Q4 2023 → Q1 2024
WDC Western Digital Corp. Reduce -99.0% 0.03% −2.24
GILD Gilead Sciences Inc. Reduce -0.2% 2.04% −0.41
FTS Fortis Inc. Reduce -14.8% 0.32% −0.10
PRAA Pra Group Inc. Reduce -0.3% 0.39% −0.04
BIIB Biogen Inc. Sold out 0.00% −0.02
BN Brookfield Corp. Reduce -9.1% 0.12% −0.02
GOOG Alphabet Inc. Class C Reduce -0.0% 3.17% −0.01
CVX Chevron Corp. Reduce -1.1% 0.14% −0.00
COST Costco Wholesale Corp. Reduce -7.8% 0.08% −0.00
WFC Wells Fargo & Co. Reduce -15.4% 0.03% −0.00
GOOGL Alphabet Inc. Class A Reduce -0.0% 0.26% −0.00
CNQ Canadian Natural Resources Reduce -3.1% 0.15% +0.01
GM General Motors Co. Reduce -2.3% 2.61% +0.32
C Citigroup Inc. Reduce -0.1% 3.18% +0.38
JPM JPMorgan Chase & Co. Reduce -0.3% 5.04% +0.39
META Meta Platforms Inc. Class A Reduce -0.9% 4.78% +0.97

Portfolio Buys Q4 2023 → Q1 2024
TXN Texas Instruments Inc. New 1.47% +1.47
CVE Cenovus Energy Inc. Add +5.2% 3.10% +0.44
DG Dollar General Corp. Add +10.5% 2.88% +0.42
BSX Boston Scientific Corp. Add +0.6% 2.72% +0.25
AEP American Electric Power Add +8.1% 3.23% +0.18
SU Suncor Energy Inc. Add +1.4% 2.46% +0.18
KMX Carmax Inc. Add +0.4% 2.95% +0.15
MSFT Microsoft Corp. Add +0.0% 3.68% +0.12
BNS Bank of Nova Scotia Add +5.0% 3.43% +0.10
EOG EOG Resources Inc. Add +4.6% 3.02% +0.06
KMI Kinder Morgan Inc. New 0.06% +0.06
KR Kroger Co. Add +3.8% 0.24% +0.04
BAC Bank of America Corp. New 0.02% +0.02
PBA Pembina Pipeline Corp. Add +16.4% 0.12% +0.01
GLW Corning Inc. Add +1.0% 0.32% +0.00
JNJ Johnson & Johnson Add +9.1% 0.13% +0.00
PFE Pfizer Inc. Add +12.2% 2.23% −0.00
CM Can Imperial BK of Commerce Add +0.8% 0.35% −0.01
BMO Bank of Montreal Add +1.8% 0.16% −0.01
MS Morgan Stanley Add +6.2% 1.65% −0.01
UNP Union Pacific Corp. Add +1.4% 0.25% −0.02
MDT Medtronic PLC Add +0.2% 1.63% −0.03
CAE Cae Inc. Add +11.8% 2.63% −0.04
ROST Ross Stores Inc. Add +0.1% 3.78% −0.08
UPS United Parcel Service Class B Add +10.9% 2.70% −0.09
TRP TC Energy Corp. Add +0.5% 2.39% −0.12
CSCO Cisco Systems Inc. Add +4.5% 3.29% −0.16
ENB Enbridge Inc. Add +1.8% 2.71% −0.17
CVS CVS Health Corp. Add +0.2% 3.16% −0.22
MGA Magna International Inc. Add +6.5% 2.24% −0.24
TU Telus Corp. Add +9.6% 2.84% −0.29
BIP Brookfield Infrastructure Pa Add +0.2% 3.38% −0.31
RY Royal Bank of Canada Add +2.2% 4.95% −0.32
TD Toronto-Dominion Bank Add +5.7% 4.89% −0.48

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 72$766.9MJPM, GOOG, AEP, C, ROST
Q1 2026 70$715.1MJPM, ROST, AEP, CSCO, GOOG
Q4 2025 70$733.8MGOOG, JPM, CSCO, C, AEP
Q3 2025 70$704.4MJPM, GOOG, META, C, CSCO
Q2 2025 80$669.2MMETA, JPM, CSCO, C, AEP
Q1 2025 75$883.6MJPM, META, AEP, CSCO, C
Q4 2024 69$999.7MRY, JPM, META, GOOG, TD
Q3 2024 72$1.0BRY, META, TD, JPM, BIP
Q2 2024 74$952.1MRY, JPM, META, TD, MSFT
Q1 2024 76$1.0BJPM, RY, TD, META, ROST