Nexus Investment Management ULC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 7, 2025), Nexus Investment Management ULC reported 75 stock positions worth $883.6 million. Its top holding was JPMorgan Chase (JPM) at 7.9% of the portfolio, followed by Meta Platforms Class A (META, 7.5%) and American Electric Power (AEP, 7.1%). Compared with Q4 2024, it opened 29 new positions, sold out of 23, added to 29 and reduced 8. The biggest buy was American Electric Power (AEP, shares +0%) and the biggest sale an exit from Royal Bank of Canada (RY).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001476329
- Portfolio Value
- $883.6M (Q1 2025)
- SEC Filing
- 0000945621-25-000300 ↗ filed Apr 7, 2025
Holdings Value
Holdings 75 stocks · $883.6M
| JPM JPMorgan Chase & Co. | 7.93% | 198,622 | $70.1M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 7.54% | 80,414 | $66.7M | Add +1.8% |
| AEP American Electric Power | 7.05% | 396,492 | $62.3M | Add +0.4% |
| CSCO Cisco Systems Inc. | 6.61% | 658,307 | $58.4M | Add +0.3% |
| C Citigroup Inc. | 5.80% | 501,603 | $51.2M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 5.36% | 210,635 | $47.3M | Reduce -0.2% |
| ROST Ross Stores Inc. | 5.19% | 249,470 | $45.9M | Add +4.6% |
| CVS CVS Health Corp. | 4.80% | 434,935 | $42.4M | Add +10.0% |
| MSFT Microsoft Corp. | 4.71% | 77,005 | $41.6M | Add +0.3% |
| KMX Carmax Inc. | 4.46% | 351,445 | $39.4M | Add +0.2% |
| GILD Gilead Sciences Inc. | 4.41% | 241,709 | $39.0M | Add +0.8% |
| EOG EOG Resources Inc. | 4.32% | 206,758 | $38.1M | Add +5.2% |
| DG Dollar General Corp. | 4.12% | 287,594 | $36.4M | Add +0.4% |
| UPS United Parcel Service Class B | 3.80% | 212,381 | $33.6M | Add +0.8% |
| PFE Pfizer Inc. | 3.58% | 866,837 | $31.6M | Add +5.9% |
| V Visa Inc. Class A | 3.32% | 58,236 | $29.4M | Add +5.5% |
| MDT Medtronic PLC | 3.32% | 226,839 | $29.3M | Add +0.7% |
| TXN Texas Instruments Inc. | 2.97% | 101,620 | $26.3M | Add +0.9% |
| MS Morgan Stanley | 2.69% | 141,701 | $23.8M | Add +7.3% |
| FERG Ferguson Enterprises Inc. | 2.46% | 94,481 | $21.8M | New |
| HON Honeywell International Inc. | 1.04% | 30,315 | $9.2M | Add +3.1% |
| GLW Corning Inc. | 0.70% | 94,000 | $6.2M | Add +0.6% |
| KR Kroger Co. | 0.56% | 50,565 | $4.9M | Add +5.1% |
| UNP Union Pacific Corp. | 0.43% | 11,306 | $3.8M | Add +8.1% |
| EFA iShares MSCI Eafe ETF | 0.42% | 31,550 | $3.7M | No change |
| DHR Danaher Corp. | 0.26% | 7,755 | $2.3M | Reduce -10.4% |
| JNJ Johnson & Johnson | 0.25% | 9,331 | $2.2M | Add +9.4% |
| CVX Chevron Corp. | 0.21% | 7,576 | $1.8M | Add +14.8% |
| GOOGL Alphabet Inc. Class A | 0.18% | 7,110 | $1.6M | Reduce -3.0% |
| ABBV Abbvie Inc. | 0.12% | 3,456 | $1.0M | No change |
| VZ Verizon Communications Inc. | 0.12% | 15,610 | $1.0M | Add +19.6% |
| XOM Exxon Mobil Corp. | 0.11% | 5,705 | $976K | Add +31.0% |
| LLY Eli Lilly & Co. | 0.11% | 809 | $961K | No change |
| T AT&T Inc. | 0.09% | 19,210 | $781K | Add +7.9% |
| EXC Exelon Corp. | 0.09% | 11,415 | $757K | Add +15.3% |
| DFS Discover Financial Services | 0.08% | 3,043 | $747K | No change |
| CSX CSX Corp. | 0.08% | 15,840 | $671K | No change |
| OTEX Open Text Corp. | 0.07% | 17,890 | $650K | Reduce -71.7% |
| KMB Kimberly-Clark Corp. | 0.06% | 2,584 | $529K | Add +36.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.06% | 3,740 | $494K | No change |
| MRK Merck & Co. Inc. | 0.05% | 3,735 | $482K | Add +42.3% |
| FSV Firstservice Corp. | 0.05% | 2,000 | $477K | Reduce -82.6% |
| ABT Abbott Laboratories | 0.05% | 2,490 | $475K | No change |
| PG The Procter & Gamble Co. | 0.05% | 1,800 | $441K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 5,350 | $321K | No change |
| EIX Edison International | 0.04% | 3,719 | $315K | New |
| VEA Vanguard Ftse Developed ETF | 0.03% | 3,024 | $221K | New |
| PRAA Pra Group Inc. | 0.02% | 6,450 | $191K | Reduce -95.1% |
| BIIB Biogen Inc. | 0.02% | 920 | $181K | New |
| VWO Vanguard Ftse Emerging Marke | 0.02% | 2,457 | $160K | New |
| MA Mastercard Inc. Class A | 0.02% | 195 | $154K | New |
| COST Costco Wholesale Corp. | 0.02% | 100 | $136K | New |
| CL Colgate-Palmolive Co. | 0.01% | 966 | $130K | New |
| BHC Bausch Health Cos Inc. | 0.01% | 13,000 | $121K | Reduce -44.2% |
| VLTO Veralto Corp. | 0.01% | 667 | $93K | New |
| HQH Abrdn Healthcare Investors | 0.01% | 3,940 | $92K | New |
| BMY Bristol-Myers Squibb Co. | 0.01% | 953 | $84K | New |
| ORCL Oracle Corp. | 0.01% | 400 | $80K | New |
| WMT Walmart Inc. | 0.01% | 555 | $70K | New |
| FNV Franco-Nevada Corp. | 0.01% | 225 | $51K | New |
| BDX Becton Dickinson and Co. | 0.01% | 150 | $49K | New |
| AXP American Express Co. | 0.01% | 125 | $48K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.01% | 61 | $47K | New |
| B Barrick Gold Corp. | 0.01% | 1,650 | $46K | New |
| NEM Newmont Corp. | 0.01% | 650 | $45K | New |
| NVS Novartis AG-Sponsored ADR | 0.00% | 220 | $35K | New |
| ACN Accenture PLC Class A | 0.00% | 65 | $29K | New |
| HQL Abrdn Life Sciences Investor | 0.00% | 1,489 | $27K | New |
| PEP Pepsico Inc. | 0.00% | 125 | $27K | New |
| GDXJ Vaneck Junior Gold Miners | 0.00% | 300 | $25K | New |
| SLV iShares Silver Trust | 0.00% | 500 | $22K | New |
| AAPL Apple Inc. | 0.00% | 60 | $19K | New |
| RTX RTX Corp. | 0.00% | 44 | $8K | New |
| VTRS Viatris Inc. | 0.00% | 409 | $5K | New |
| CB144A Appvion Esc Npv | 0.00% | 1 | $2K | New |
Portfolio Sells Q4 2024 → Q1 2025
| RY Royal Bank of Canada | Sold out | 0.00% | −5.40 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −3.95 |
| CAE Cae Inc. | Sold out | 0.00% | −3.76 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −3.74 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −3.65 |
| TU Telus Corp. | Sold out | 0.00% | −3.01 |
| GM General Motors Co. | Sold out | 0.00% | −2.94 |
| ENB Enbridge Inc. | Sold out | 0.00% | −2.91 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −2.82 |
| TRP TC Energy Corp. | Sold out | 0.00% | −2.80 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −1.85 |
| MGA Magna International Inc. | Sold out | 0.00% | −1.66 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −1.59 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.47 |
| SOBO South Bow Corp. | Sold out | 0.00% | −0.28 |
| FTS Fortis Inc. | Sold out | 0.00% | −0.26 |
| PRAA Pra Group Inc. | Reduce -95.1% | 0.02% | −0.25 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.16 |
| FSV Firstservice Corp. | Reduce -82.6% | 0.05% | −0.15 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.13 |
| OTEX Open Text Corp. | Reduce -71.7% | 0.07% | −0.10 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.09 |
| IMO Imperial Oil Ltd. | Sold out | 0.00% | −0.07 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.04 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.02 |
| TFII Tfi International Inc. | Sold out | 0.00% | −0.02 |
| BHC Bausch Health Cos Inc. | Reduce -44.2% | 0.01% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -3.0% | 0.18% | +0.04 |
| DHR Danaher Corp. | Reduce -10.4% | 0.26% | +0.06 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 5.36% | +1.33 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 7.93% | +3.16 |
Portfolio Buys Q4 2024 → Q1 2025
| AEP American Electric Power | Add +0.4% | 7.05% | +3.41 |
| CVS CVS Health Corp. | Add +10.0% | 4.80% | +3.02 |
| META Meta Platforms Inc. Class A | Add +1.8% | 7.54% | +2.92 |
| CSCO Cisco Systems Inc. | Add +0.3% | 6.61% | +2.73 |
| FERG Ferguson Enterprises Inc. | New | 2.46% | +2.46 |
| C Citigroup Inc. | Add +0.2% | 5.80% | +2.27 |
| GILD Gilead Sciences Inc. | Add +0.8% | 4.41% | +2.19 |
| DG Dollar General Corp. | Add +0.4% | 4.12% | +1.94 |
| EOG EOG Resources Inc. | Add +5.2% | 4.32% | +1.91 |
| KMX Carmax Inc. | Add +0.2% | 4.46% | +1.59 |
| ROST Ross Stores Inc. | Add +4.6% | 5.19% | +1.58 |
| V Visa Inc. Class A | Add +5.5% | 3.32% | +1.58 |
| MDT Medtronic PLC | Add +0.7% | 3.32% | +1.52 |
| MSFT Microsoft Corp. | Add +0.3% | 4.71% | +1.47 |
| PFE Pfizer Inc. | Add +5.9% | 3.58% | +1.40 |
| UPS United Parcel Service Class B | Add +0.8% | 3.80% | +1.15 |
| TXN Texas Instruments Inc. | Add +0.9% | 2.97% | +1.08 |
| MS Morgan Stanley | Add +7.3% | 2.69% | +1.03 |
| HON Honeywell International Inc. | Add +3.1% | 1.04% | +0.38 |
| KR Kroger Co. | Add +5.1% | 0.56% | +0.26 |
| GLW Corning Inc. | Add +0.6% | 0.70% | +0.26 |
| UNP Union Pacific Corp. | Add +8.1% | 0.43% | +0.20 |
| JNJ Johnson & Johnson | Add +9.4% | 0.25% | +0.13 |
| CVX Chevron Corp. | Add +14.8% | 0.21% | +0.11 |
| XOM Exxon Mobil Corp. | Add +31.0% | 0.11% | +0.06 |
| VZ Verizon Communications Inc. | Add +19.6% | 0.12% | +0.06 |
| EXC Exelon Corp. | Add +15.3% | 0.09% | +0.05 |
| T AT&T Inc. | Add +7.9% | 0.09% | +0.05 |
| EIX Edison International | New | 0.04% | +0.04 |
| KMB Kimberly-Clark Corp. | Add +36.0% | 0.06% | +0.03 |
| MRK Merck & Co. Inc. | Add +42.3% | 0.05% | +0.03 |
| VEA Vanguard Ftse Developed ETF | New | 0.03% | +0.03 |
| BIIB Biogen Inc. | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | New | 0.02% | +0.02 |
| MA Mastercard Inc. Class A | New | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | New | 0.02% | +0.02 |
| CL Colgate-Palmolive Co. | New | 0.01% | +0.01 |
| VLTO Veralto Corp. | New | 0.01% | +0.01 |
| HQH Abrdn Healthcare Investors | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| WMT Walmart Inc. | New | 0.01% | +0.01 |
| FNV Franco-Nevada Corp. | New | 0.01% | +0.01 |
| BDX Becton Dickinson and Co. | New | 0.01% | +0.01 |
| AXP American Express Co. | New | 0.01% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.01% | +0.01 |
| B Barrick Gold Corp. | New | 0.01% | +0.01 |
| NEM Newmont Corp. | New | 0.01% | +0.01 |
| NVS Novartis AG-Sponsored ADR | New | 0.00% | +0.00 |
| ACN Accenture PLC Class A | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $766.9M | JPM, GOOG, AEP, C, ROST |
| Q1 2026 | 70 | $715.1M | JPM, ROST, AEP, CSCO, GOOG |
| Q4 2025 | 70 | $733.8M | GOOG, JPM, CSCO, C, AEP |
| Q3 2025 | 70 | $704.4M | JPM, GOOG, META, C, CSCO |
| Q2 2025 | 80 | $669.2M | META, JPM, CSCO, C, AEP |
| Q1 2025 | 75 | $883.6M | JPM, META, AEP, CSCO, C |
| Q4 2024 | 69 | $999.7M | RY, JPM, META, GOOG, TD |
| Q3 2024 | 72 | $1.0B | RY, META, TD, JPM, BIP |
| Q2 2024 | 74 | $952.1M | RY, JPM, META, TD, MSFT |
| Q1 2024 | 76 | $1.0B | JPM, RY, TD, META, ROST |