Nexus Investment Management ULC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Nexus Investment Management ULC reported 74 stock positions worth $952.1 million. Its top holding was Royal Bank of Canada (RY) at 5.4% of the portfolio, followed by JPMorgan Chase (JPM, 5.2%) and Meta Platforms Class A (META, 4.9%). Compared with Q1 2024, it opened 2 new positions, sold out of 4, added to 25 and reduced 27. The biggest buy was Telus (TU, shares +20%) and the biggest sale Boston Scientific (BSX, shares −99%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001476329
Portfolio Value
$952.1M (Q2 2024)
SEC Filing
0000945621-24-000595 ↗ filed Jul 23, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $952.1M $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 74 stocks · $952.1M
RY Royal Bank of Canada 5.41% 483,965 $51.5M Reduce -4.9%
JPM JPMorgan Chase & Co. 5.17% 243,197 $49.2M Reduce -6.8%
META Meta Platforms Inc. Class A 4.94% 93,220 $47.0M Reduce -8.8%
TD Toronto-Dominion Bank 4.38% 758,567 $41.7M Reduce -9.7%
MSFT Microsoft Corp. 4.02% 85,640 $38.3M Reduce -5.5%
GOOG Alphabet Inc. Class C 4.02% 208,663 $38.3M Reduce -3.4%
ROST Ross Stores Inc. 3.86% 252,890 $36.7M Reduce -5.3%
AEP American Electric Power 3.63% 393,905 $34.6M Add +1.1%
BIP Brookfield Infrastructure Pa 3.52% 1,220,204 $33.5M Add +8.8%
TU Telus Corp. 3.50% 2,204,895 $33.4M Add +19.7%
C Citigroup Inc. 3.50% 524,715 $33.3M Add +0.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 3.46% 721,232 $33.0M Add +4.8%
CSCO Cisco Systems Inc. 3.46% 693,885 $33.0M Add +1.5%
DG Dollar General Corp. 2.95% 212,645 $28.1M Add +10.9%
GM General Motors Co. 2.93% 600,667 $27.9M Add +0.6%
ENB Enbridge Inc. 2.90% 776,662 $27.6M Reduce -0.0%
UPS United Parcel Service Class B 2.89% 201,225 $27.5M Add +6.6%
KMX Carmax Inc. 2.88% 374,125 $27.4M Add +6.6%
CAE Cae Inc. 2.82% 1,446,990 $26.9M Add +9.7%
EOG EOG Resources Inc. 2.59% 196,238 $24.7M Reduce -20.0%
TRP TC Energy Corp. 2.52% 632,285 $24.0M Add +2.6%
CVS CVS Health Corp. 2.49% 401,162 $23.7M Reduce -2.3%
PFE Pfizer Inc. 2.35% 800,257 $22.4M Reduce -4.0%
CVE Cenovus Energy Inc. 2.16% 1,045,350 $20.5M Reduce -35.0%
SU Suncor Energy Inc. 2.09% 521,250 $19.9M Reduce -24.5%
GILD Gilead Sciences Inc. 2.08% 288,418 $19.8M Reduce -0.4%
MGA Magna International Inc. 2.07% 470,635 $19.7M Add +10.3%
TXN Texas Instruments Inc. 1.96% 96,090 $18.7M Add +9.5%
MS Morgan Stanley 1.86% 182,027 $17.7M No change
MDT Medtronic PLC 1.79% 216,374 $17.0M Add +11.8%
HON Honeywell International Inc. 0.62% 27,815 $5.9M New
GLW Corning Inc. 0.41% 99,600 $3.9M No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.36% 73,030 $3.5M Add +0.7%
FTS Fortis Inc. 0.34% 83,765 $3.3M Add +0.5%
PRAA Pra Group Inc. 0.30% 144,125 $2.8M Reduce -7.0%
UNP Union Pacific Corp. 0.28% 11,860 $2.7M Add +10.7%
EFA iShares MSCI Eafe ETF 0.26% 31,550 $2.5M No change
GOOGL Alphabet Inc. Class A 0.26% 13,409 $2.4M Reduce -26.2%
KR Kroger Co. 0.23% 44,440 $2.2M Add +2.4%
DHR Danaher Corp. 0.23% 8,705 $2.2M Reduce -30.0%
OTEX Open Text Corp. 0.20% 63,130 $1.9M No change
VZ Verizon Communications Inc. 0.19% 43,900 $1.8M Reduce -4.4%
FSV Firstservice Corp. 0.18% 11,518 $1.8M Reduce -41.1%
CNQ Canadian Natural Resources 0.15% 41,102 $1.5M Add +0.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.14% 16,244 $1.4M Reduce -3.6%
PBA Pembina Pipeline Corp. 0.14% 35,000 $1.3M Reduce -1.4%
JNJ Johnson & Johnson 0.13% 8,526 $1.2M Add +1.8%
BN Brookfield Corp. 0.13% 29,338 $1.2M Add +0.4%
CVX Chevron Corp. 0.10% 6,100 $954K Reduce -33.0%
TRI Thomson Reuters Corp. 0.10% 5,635 $949K No change
IMO Imperial Oil Ltd. 0.08% 11,846 $807K No change
LLY Eli Lilly & Co. 0.08% 826 $748K No change
KMI Kinder Morgan Inc. 0.07% 32,000 $636K No change
T AT&T Inc. 0.07% 32,800 $627K No change
ABBV Abbvie Inc. 0.06% 3,456 $593K No change
CSX CSX Corp. 0.06% 15,840 $530K No change
XOM Exxon Mobil Corp. 0.05% 4,355 $501K Reduce -52.4%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 4,100 $473K Reduce -42.3%
CNI Canadian Natl Railway Co. 0.05% 3,952 $467K Add +1.3%
BCE Bce Inc. 0.05% 14,400 $466K Reduce -86.5%
BSX Boston Scientific Corp. 0.05% 6,000 $462K Reduce -98.5%
DFS Discover Financial Services 0.04% 3,043 $398K No change
EXC Exelon Corp. 0.04% 10,800 $374K No change
ABT Abbott Laboratories 0.04% 3,290 $342K No change
KMB Kimberly-Clark Corp. 0.04% 2,450 $339K No change
MRK Merck & Co. Inc. 0.03% 2,625 $325K No change
PG The Procter & Gamble Co. 0.03% 1,800 $297K No change
V Visa Inc. Class A 0.03% 1,098 $288K No change
COST Costco Wholesale Corp. 0.03% 282 $240K Reduce -76.2%
BAM Brookfield Asset Mgmt-A 0.02% 5,962 $227K Add +0.5%
TFII Tfi International Inc. 0.02% 1,534 $223K Add +2.3%
BIIB Biogen Inc. 0.02% 920 $213K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,350 $213K No change
BHC Bausch Health Cos Inc. 0.02% 23,300 $162K No change

Portfolio Sells Q1 2024 → Q2 2024
BSX Boston Scientific Corp. Reduce -98.5% 0.05% −2.67
CVE Cenovus Energy Inc. Reduce -35.0% 2.16% −0.94
CVS CVS Health Corp. Reduce -2.3% 2.49% −0.67
TD Toronto-Dominion Bank Reduce -9.7% 4.38% −0.51
EOG EOG Resources Inc. Reduce -20.0% 2.59% −0.43
SU Suncor Energy Inc. Reduce -24.5% 2.09% −0.37
BCE Bce Inc. Reduce -86.5% 0.05% −0.30
FSV Firstservice Corp. Reduce -41.1% 0.18% −0.13
PRAA Pra Group Inc. Reduce -7.0% 0.30% −0.09
DHR Danaher Corp. Reduce -30.0% 0.23% −0.07
COST Costco Wholesale Corp. Reduce -76.2% 0.03% −0.06
XOM Exxon Mobil Corp. Reduce -52.4% 0.05% −0.05
CVX Chevron Corp. Reduce -33.0% 0.10% −0.04
TROW T Rowe Price Group Inc. Reduce -42.3% 0.05% −0.03
VLTO Veralto Corp. Sold out 0.00% −0.03
WFC Wells Fargo & Co. Sold out 0.00% −0.03
WDC Western Digital Corp. Sold out 0.00% −0.03
RCI Rogers Communications Inc. Class B Sold out 0.00% −0.02
BMO Bank of Montreal Reduce -3.6% 0.14% −0.02
GOOGL Alphabet Inc. Class A Reduce -26.2% 0.26% −0.01
VZ Verizon Communications Inc. Reduce -4.4% 0.19% +0.00
PBA Pembina Pipeline Corp. Reduce -1.4% 0.14% +0.02
GILD Gilead Sciences Inc. Reduce -0.4% 2.08% +0.04
ROST Ross Stores Inc. Reduce -5.3% 3.86% +0.08
PFE Pfizer Inc. Reduce -4.0% 2.35% +0.12
JPM JPMorgan Chase & Co. Reduce -6.8% 5.17% +0.13
META Meta Platforms Inc. Class A Reduce -8.8% 4.94% +0.16
ENB Enbridge Inc. Reduce -0.0% 2.90% +0.19
MSFT Microsoft Corp. Reduce -5.5% 4.02% +0.35
RY Royal Bank of Canada Reduce -4.9% 5.41% +0.46
GOOG Alphabet Inc. Class C Reduce -3.4% 4.02% +0.85

Portfolio Buys Q1 2024 → Q2 2024
TU Telus Corp. Add +19.7% 3.50% +0.66
HON Honeywell International Inc. New 0.62% +0.62
TXN Texas Instruments Inc. Add +9.5% 1.96% +0.49
AEP American Electric Power Add +1.1% 3.63% +0.40
GM General Motors Co. Add +0.6% 2.93% +0.32
C Citigroup Inc. Add +0.6% 3.50% +0.32
CAE Cae Inc. Add +9.7% 2.82% +0.20
UPS United Parcel Service Class B Add +6.6% 2.89% +0.19
CSCO Cisco Systems Inc. Add +1.5% 3.46% +0.17
MDT Medtronic PLC Add +11.8% 1.79% +0.16
BIP Brookfield Infrastructure Pa Add +8.8% 3.52% +0.14
TRP TC Energy Corp. Add +2.6% 2.52% +0.13
DG Dollar General Corp. Add +10.9% 2.95% +0.07
BNS Bank of Nova Scotia Add +4.8% 3.46% +0.03
UNP Union Pacific Corp. Add +10.7% 0.28% +0.03
FTS Fortis Inc. Add +0.5% 0.34% +0.02
BIIB Biogen Inc. New 0.02% +0.02
BN Brookfield Corp. Add +0.4% 0.13% +0.01
CM Can Imperial BK of Commerce Add +0.7% 0.36% +0.01
JNJ Johnson & Johnson Add +1.8% 0.13% +0.00
CNQ Canadian Natural Resources Add +0.4% 0.15% +0.00
TFII Tfi International Inc. Add +2.3% 0.02% +0.00
BAM Brookfield Asset Mgmt-A Add +0.5% 0.02% −0.00
CNI Canadian Natl Railway Co. Add +1.3% 0.05% −0.00
KR Kroger Co. Add +2.4% 0.23% −0.01
KMX Carmax Inc. Add +6.6% 2.88% −0.07
MGA Magna International Inc. Add +10.3% 2.07% −0.17

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