Nexus Investment Management ULC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Nexus Investment Management ULC reported 72 stock positions worth $1.0 billion. Its top holding was Royal Bank of Canada (RY) at 5.8% of the portfolio, followed by Meta Platforms Class A (META, 5.2%) and Toronto-Dominion Bank (TD, 4.7%). Compared with Q2 2024, it opened 2 new positions, sold out of 4, added to 20 and reduced 29. The biggest buy was Visa Class A (V, shares +5034%) and the biggest sale JPMorgan Chase (JPM, shares −12%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001476329
Portfolio Value
$1.0B (Q3 2024)
SEC Filing
0000945621-24-000811 ↗ filed Oct 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $952.1M Q2 2024 Q3 2024: $1.0B $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 72 stocks · $1.0B
RY Royal Bank of Canada 5.78% 471,270 $58.9M Reduce -2.6%
META Meta Platforms Inc. Class A 5.16% 91,938 $52.6M Reduce -1.4%
TD Toronto-Dominion Bank 4.70% 756,342 $47.9M Reduce -0.3%
JPM JPMorgan Chase & Co. 4.41% 213,287 $45.0M Reduce -12.3%
BIP Brookfield Infrastructure Pa 4.08% 1,185,284 $41.7M Reduce -2.9%
AEP American Electric Power 3.98% 395,315 $40.6M Add +0.4%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 3.85% 720,242 $39.3M Reduce -0.1%
ROST Ross Stores Inc. 3.64% 246,830 $37.2M Reduce -2.4%
TU Telus Corp. 3.60% 2,186,815 $36.7M Reduce -0.8%
CSCO Cisco Systems Inc. 3.57% 684,215 $36.4M Reduce -1.4%
GOOG Alphabet Inc. Class C 3.45% 210,543 $35.2M Add +0.9%
MSFT Microsoft Corp. 3.28% 77,650 $33.4M Reduce -9.3%
C Citigroup Inc. 3.21% 522,670 $32.7M Reduce -0.4%
TRP TC Energy Corp. 2.89% 619,985 $29.5M Reduce -1.9%
KMX Carmax Inc. 2.87% 377,705 $29.2M Add +1.0%
ENB Enbridge Inc. 2.86% 716,617 $29.1M Reduce -7.7%
CAE Cae Inc. 2.74% 1,486,990 $27.9M Add +2.8%
UPS United Parcel Service Class B 2.71% 203,055 $27.7M Add +0.9%
GM General Motors Co. 2.66% 605,352 $27.1M Add +0.8%
CVS CVS Health Corp. 2.45% 397,277 $25.0M Reduce -1.0%
EOG EOG Resources Inc. 2.39% 198,498 $24.4M Add +1.1%
DG Dollar General Corp. 2.33% 281,290 $23.8M Add +32.3%
GILD Gilead Sciences Inc. 2.33% 283,063 $23.7M Reduce -1.9%
PFE Pfizer Inc. 2.28% 804,812 $23.3M Add +0.6%
TXN Texas Instruments Inc. 1.97% 97,475 $20.1M Add +1.4%
MDT Medtronic PLC 1.92% 217,424 $19.6M Add +0.5%
MGA Magna International Inc. 1.89% 469,835 $19.3M Reduce -0.2%
SU Suncor Energy Inc. 1.87% 516,930 $19.1M Reduce -0.8%
MS Morgan Stanley 1.86% 182,027 $19.0M No change
CVE Cenovus Energy Inc. 1.73% 1,054,350 $17.7M Add +0.9%
V Visa Inc. Class A 1.52% 56,371 $15.5M Add +5034.0%
HON Honeywell International Inc. 0.57% 28,015 $5.8M Add +0.7%
CNI Canadian Natl Railway Co. 0.50% 43,377 $5.1M Add +997.6%
GLW Corning Inc. 0.45% 101,400 $4.6M Add +1.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.44% 73,502 $4.5M Add +0.7%
FTS Fortis Inc. 0.37% 83,765 $3.8M No change
PRAA Pra Group Inc. 0.32% 143,950 $3.2M Reduce -0.1%
UNP Union Pacific Corp. 0.29% 11,960 $2.9M Add +0.8%
KR Kroger Co. 0.27% 47,940 $2.7M Add +7.9%
EFA iShares MSCI Eafe ETF 0.26% 31,550 $2.6M No change
DHR Danaher Corp. 0.24% 8,655 $2.4M Reduce -0.6%
OTEX Open Text Corp. 0.21% 63,130 $2.1M No change
FSV Firstservice Corp. 0.21% 11,495 $2.1M Reduce -0.2%
VZ Verizon Communications Inc. 0.16% 35,900 $1.6M Reduce -18.2%
BN Brookfield Corp. 0.15% 29,216 $1.6M Reduce -0.4%
GOOGL Alphabet Inc. Class A 0.15% 9,180 $1.5M Reduce -31.5%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.14% 16,244 $1.5M No change
JNJ Johnson & Johnson 0.14% 8,526 $1.4M No change
CNQ Canadian Natural Resources 0.13% 40,550 $1.3M Reduce -1.3%
CVX Chevron Corp. 0.10% 6,650 $979K Add +9.0%
TRI Thomson Reuters Corp. 0.09% 5,635 $962K No change
IMO Imperial Oil Ltd. 0.08% 11,846 $834K No change
LLY Eli Lilly & Co. 0.07% 809 $717K Reduce -2.1%
ABBV Abbvie Inc. 0.07% 3,456 $682K No change
CSX CSX Corp. 0.05% 15,840 $547K No change
XOM Exxon Mobil Corp. 0.05% 4,355 $510K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.04% 4,100 $447K No change
EXC Exelon Corp. 0.04% 10,800 $438K No change
T AT&T Inc. 0.04% 19,500 $429K Reduce -40.5%
DFS Discover Financial Services 0.04% 3,043 $427K No change
PBA Pembina Pipeline Corp. 0.04% 10,000 $413K Reduce -71.4%
ABT Abbott Laboratories 0.04% 3,290 $375K No change
KMB Kimberly-Clark Corp. 0.03% 2,450 $349K No change
PG The Procter & Gamble Co. 0.03% 1,800 $312K No change
MRK Merck & Co. Inc. 0.03% 2,625 $298K No change
BAM Brookfield Asset Mgmt-A 0.03% 5,632 $267K Reduce -5.5%
COST Costco Wholesale Corp. 0.02% 282 $250K No change
EIX Edison International 0.02% 2,500 $218K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,350 $212K No change
TFII Tfi International Inc. 0.02% 1,500 $206K Reduce -2.2%
RCI Rogers Communications Inc. Class B 0.02% 5,040 $203K New
BHC Bausch Health Cos Inc. 0.02% 23,300 $190K No change

Portfolio Sells Q2 2024 → Q3 2024
JPM JPMorgan Chase & Co. Reduce -12.3% 4.41% −0.76
MSFT Microsoft Corp. Reduce -9.3% 3.28% −0.74
C Citigroup Inc. Reduce -0.4% 3.21% −0.29
ROST Ross Stores Inc. Reduce -2.4% 3.64% −0.22
SU Suncor Energy Inc. Reduce -0.8% 1.87% −0.21
MGA Magna International Inc. Reduce -0.2% 1.89% −0.18
GOOGL Alphabet Inc. Class A Reduce -31.5% 0.15% −0.11
PBA Pembina Pipeline Corp. Reduce -71.4% 0.04% −0.10
KMI Kinder Morgan Inc. Sold out 0.00% −0.07
BCE Bce Inc. Sold out 0.00% −0.05
BSX Boston Scientific Corp. Sold out 0.00% −0.05
ENB Enbridge Inc. Reduce -7.7% 2.86% −0.04
CVS CVS Health Corp. Reduce -1.0% 2.45% −0.04
VZ Verizon Communications Inc. Reduce -18.2% 0.16% −0.03
T AT&T Inc. Reduce -40.5% 0.04% −0.02
BIIB Biogen Inc. Sold out 0.00% −0.02
CNQ Canadian Natural Resources Reduce -1.3% 0.13% −0.02
LLY Eli Lilly & Co. Reduce -2.1% 0.07% −0.01
TFII Tfi International Inc. Reduce -2.2% 0.02% −0.00
BAM Brookfield Asset Mgmt-A Reduce -5.5% 0.03% +0.00
DHR Danaher Corp. Reduce -0.6% 0.24% +0.01
PRAA Pra Group Inc. Reduce -0.1% 0.32% +0.02
FSV Firstservice Corp. Reduce -0.2% 0.21% +0.02
BN Brookfield Corp. Reduce -0.4% 0.15% +0.02
TU Telus Corp. Reduce -0.8% 3.60% +0.10
CSCO Cisco Systems Inc. Reduce -1.4% 3.57% +0.11
META Meta Platforms Inc. Class A Reduce -1.4% 5.16% +0.22
GILD Gilead Sciences Inc. Reduce -1.9% 2.33% +0.25
TD Toronto-Dominion Bank Reduce -0.3% 4.70% +0.32
RY Royal Bank of Canada Reduce -2.6% 5.78% +0.37
TRP TC Energy Corp. Reduce -1.9% 2.89% +0.38
BNS Bank of Nova Scotia Reduce -0.1% 3.85% +0.39
BIP Brookfield Infrastructure Pa Reduce -2.9% 4.08% +0.57

Portfolio Buys Q2 2024 → Q3 2024
V Visa Inc. Class A Add +5034.0% 1.52% +1.49
CNI Canadian Natl Railway Co. Add +997.6% 0.50% +0.45
AEP American Electric Power Add +0.4% 3.98% +0.35
MDT Medtronic PLC Add +0.5% 1.92% +0.13
CM Can Imperial BK of Commerce Add +0.7% 0.44% +0.08
GLW Corning Inc. Add +1.8% 0.45% +0.04
KR Kroger Co. Add +7.9% 0.27% +0.04
EIX Edison International New 0.02% +0.02
RCI Rogers Communications Inc. Class B New 0.02% +0.02
TXN Texas Instruments Inc. Add +1.4% 1.97% +0.01
UNP Union Pacific Corp. Add +0.8% 0.29% +0.01
CVX Chevron Corp. Add +9.0% 0.10% −0.00
KMX Carmax Inc. Add +1.0% 2.87% −0.02
HON Honeywell International Inc. Add +0.7% 0.57% −0.06
PFE Pfizer Inc. Add +0.6% 2.28% −0.07
CAE Cae Inc. Add +2.8% 2.74% −0.08
UPS United Parcel Service Class B Add +0.9% 2.71% −0.18
EOG EOG Resources Inc. Add +1.1% 2.39% −0.20
GM General Motors Co. Add +0.8% 2.66% −0.27
CVE Cenovus Energy Inc. Add +0.9% 1.73% −0.43
GOOG Alphabet Inc. Class C Add +0.9% 3.45% −0.57
DG Dollar General Corp. Add +32.3% 2.33% −0.62

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