Ontario Teachers Pension Plan Board

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Ontario Teachers Pension Plan Board reported 44 stock positions worth $15.7 billion. Its top holding was Space Exploration Techn Class A (SPCX) at 55.2% of the portfolio, followed by GFL Environmental Inc.-Sub VT (GFL, 5.3%) and Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 4.6%). Compared with Q1 2026, it opened 23 new positions, sold out of 124, added to 11 and reduced 8. The biggest buy was a new position in Space Exploration Techn Class A (SPCX) and the biggest sale an exit from Salesforce (CRM).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0000937567
Portfolio Value
$15.7B (Q2 2026)
SEC Filing
0001999371-26-017424 ↗ filed Aug 7, 2026

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $10.7B Q1 2024 Q2 2024: $10.1B Q2 2024 Q3 2024: $10.9B Q3 2024 Q4 2024: $7.2B Q4 2024 Q1 2025: $6.3B Q1 2025 Q2 2025: $4.7B Q2 2025 Q3 2025: $4.1B Q3 2025 Q4 2025: $4.3B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $15.7B $15.7B Q2 2026

Holdings 44 stocks · $15.7B
SPCX Space Exploration Techn Class A 55.19% 50,676,250 $8.7B New
GFL GFL Environmental Inc.-Sub VT 5.26% 22,450,784 $824.7M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 4.56% 8,950,000 $715.7M Add +36.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 4.41% 6,350,000 $692.6M New
ENB Enbridge Inc. 2.98% 8,634,722 $467.8M New
WMB Williams Cos Inc. 2.10% 4,426,879 $329.1M New
AMT American Tower Corp. 1.86% 1,784,357 $291.9M New
TRP TC Energy Corp. 1.75% 4,140,461 $273.9M New
KMI Kinder Morgan Inc. 1.53% 7,488,168 $239.4M New
TRGP Targa Resources Corp. 1.40% 820,971 $220.1M New
OKE Oneok Inc. 1.30% 2,354,175 $204.7M New
SRE Sempra 1.23% 2,075,296 $192.4M New
LNG Cheniere Energy Inc. 1.21% 794,662 $189.9M New
EXC Exelon Corp. 1.15% 3,852,951 $179.6M New
XE X-Energy Inc. 0.99% 8,464,443 $155.4M New
ED Consolidated Edison Inc. 0.98% 1,388,306 $153.6M Add +37371.2%
PONY Pony AI Inc. 0.96% 21,641,766 $150.4M Add +233.3%
FER Ferrovial NV 0.94% 2,154,592 $147.6M New
CCI Crown Castle Inc. 0.81% 1,668,256 $126.3M Add +21340.1%
FTS Fortis Inc. 0.73% 2,001,045 $114.5M New
EIX Edison International 0.70% 1,471,725 $109.6M New
CNP Centerpoint Energy Inc. 0.68% 2,410,776 $106.2M Add +14882.1%
PBA Pembina Pipeline Corp. 0.68% 2,292,937 $106.0M New
ES Eversource Energy 0.66% 1,437,437 $103.9M Add +4975.2%
ATO Atmos Energy Corp. 0.64% 586,175 $101.0M New
AWK American Water Works Co. Inc. 0.59% 707,069 $93.0M New
NI Nisource Inc. 0.53% 1,750,406 $83.2M Add +6206.4%
CARR Carrier Global Corp. 0.42% 890,797 $65.3M Reduce -31.6%
RACE Ferrari NV 0.35% 147,354 $54.6M New
ETN Eaton Corp. PLC 0.34% 123,897 $52.8M Reduce -47.5%
SNOW Snowflake Inc. 0.33% 203,751 $51.9M Reduce -41.4%
SA Seabridge Gold Inc. 0.29% 1,747,341 $45.0M Add +5.0%
TMUS T-Mobile US Inc. 0.28% 261,638 $43.9M Add +24.2%
URI United Rentals Inc. 0.27% 36,937 $41.8M New
COOK Traeger Inc. 0.25% 493,861 $38.9M No change
TTWO Take-Two Interactive Softwre 0.24% 148,373 $37.1M Add +51.2%
MMM 3M Co. 0.23% 220,680 $35.7M New
ROST Ross Stores Inc. 0.22% 163,810 $34.9M Reduce -50.3%
WMT Walmart Inc. 0.22% 299,561 $33.9M Add +1684.5%
BURL Burlington Stores Inc. 0.22% 106,954 $33.9M Reduce -50.1%
ROK Rockwell Automation Inc. 0.19% 60,143 $29.8M Reduce -74.2%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.18% 14,186 $28.2M Reduce -19.3%
AMAT Applied Materials Inc. 0.12% 25,536 $18.5M Reduce -21.2%
VCLT Vanguard Long-Term Corp. Bond 0.07% 145,740 $11.0M New

Options reported separately and not counted above: BZH puts ($11.1M), AAL puts ($6.4M), IRM puts ($6.1M), KBH puts ($4.8M), POST puts ($4.7M).

Other holdings (11): bonds, preferreds, convertibles and warrants · $51.6M (not counted above)
SecurityClassShares / PrincipalValueChange
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 10,000,000$9.9MNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 5,000,000$6.0MReduce -66.7%
UBER TECHNOLOGIES INC (UBER 0 05/15/28) NOTE 5/1 · principal 5,000,000$5.8MNew
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal 6,000,000$5.7MNo change
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 5,000,000$5.2MNew
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 5,000,000$5.1MNo change
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 4,000,000$4.1MNo change
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal 4,000,000$3.7MNo change
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal 2,500,000$2.9MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 2,500,000$2.5MNo change
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 1,250,000$777KNo change

Total filed on the 13F, all lines: $15.7B.

Portfolio Sells Q1 2026 → Q2 2026
CRM Salesforce Inc. Sold out 0.00% −3.93
COF Capital One Financial Corp. Sold out 0.00% −3.72
PNC PNC Financial Services Group Sold out 0.00% −3.42
NVDA Nvidia Corp. Sold out 0.00% −2.80
ROK Rockwell Automation Inc. Reduce -74.2% 0.19% −2.31
ETN Eaton Corp. PLC Reduce -47.5% 0.34% −2.19
ABBV Abbvie Inc. Sold out 0.00% −2.12
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −2.04
ROST Ross Stores Inc. Reduce -50.3% 0.22% −1.91
BURL Burlington Stores Inc. Reduce -50.1% 0.22% −1.87
CARR Carrier Global Corp. Reduce -31.6% 0.42% −1.77
MA Mastercard Inc. Class A Sold out 0.00% −1.61
PGR Progressive Corp. Sold out 0.00% −1.58
AZN Astrazeneca PLC Sold out 0.00% −1.57
CMI Cummins Inc. Sold out 0.00% −1.35
TEAM Atlassian Corp. Class A Sold out 0.00% −1.31
SNOW Snowflake Inc. Reduce -41.4% 0.33% −1.24
META Meta Platforms Inc. Class A Sold out 0.00% −1.10
DIS The Walt Disney Co. Sold out 0.00% −0.93
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.87
ZBH Zimmer Biomet Holdings Inc. Sold out 0.00% −0.73
SPOT Spotify Technology SA Sold out 0.00% −0.67
ASML ASML Holding NV-NY Reg SHS Reduce -19.3% 0.18% −0.51
EW Edwards Lifesciences Corp. Sold out 0.00% −0.44
ELAN Elanco Animal Health Inc. Sold out 0.00% −0.30
DHR Danaher Corp. Sold out 0.00% −0.29
AMAT Applied Materials Inc. Reduce -21.2% 0.12% −0.21
POR Portland General Electric Co. Sold out 0.00% −0.15
PK Park Hotels & Resorts Inc. Sold out 0.00% −0.15
FE Firstenergy Corp. Sold out 0.00% −0.15
MAA Mid-America Apartment Comm Sold out 0.00% −0.13
WPC WP Carey Inc. Sold out 0.00% −0.13
OGE Oge Energy Corp. Sold out 0.00% −0.13
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.12
GNTX Gentex Corp. Sold out 0.00% −0.12
SAM Boston Beer Company Inc. Class A Sold out 0.00% −0.12
DPZ Domino's Pizza Inc. Sold out 0.00% −0.11
BKH Black Hills Corp. Sold out 0.00% −0.11
KHC The Kraft Heinz Co. Sold out 0.00% −0.10
CMCSA Comcast Corp. Class A Sold out 0.00% −0.10
CPT Camden Property Trust Sold out 0.00% −0.10
LEA Lear Corp. Sold out 0.00% −0.10
NYT New York Times Co. Class A Sold out 0.00% −0.10
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.10
BBWI Bath & Body Works Inc. Sold out 0.00% −0.09
INVH Invitation Homes Inc. Sold out 0.00% −0.09
DUK Duke Energy Corp. Sold out 0.00% −0.09
O Realty Income Corp. Sold out 0.00% −0.09
TXRH Texas Roadhouse Inc. Sold out 0.00% −0.09
BKNG Booking Holdings Inc. Sold out 0.00% −0.09

Portfolio Buys Q1 2026 → Q2 2026
SPCX Space Exploration Techn Class A New 55.19% +55.19
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 4.41% +4.41
ENB Enbridge Inc. New 2.98% +2.98
WMB Williams Cos Inc. New 2.10% +2.10
AMT American Tower Corp. New 1.86% +1.86
TRP TC Energy Corp. New 1.75% +1.75
KMI Kinder Morgan Inc. New 1.53% +1.53
TRGP Targa Resources Corp. New 1.40% +1.40
OKE Oneok Inc. New 1.30% +1.30
SRE Sempra New 1.23% +1.23
LNG Cheniere Energy Inc. New 1.21% +1.21
EXC Exelon Corp. New 1.15% +1.15
XE X-Energy Inc. New 0.99% +0.99
ED Consolidated Edison Inc. Add +37371.2% 0.98% +0.97
FER Ferrovial NV New 0.94% +0.94
CCI Crown Castle Inc. Add +21340.1% 0.81% +0.79
FTS Fortis Inc. New 0.73% +0.73
EIX Edison International New 0.70% +0.70
PBA Pembina Pipeline Corp. New 0.68% +0.68
CNP Centerpoint Energy Inc. Add +14882.1% 0.68% +0.66
ATO Atmos Energy Corp. New 0.64% +0.64
ES Eversource Energy Add +4975.2% 0.66% +0.60
AWK American Water Works Co. Inc. New 0.59% +0.59
NI Nisource Inc. Add +6206.4% 0.53% +0.49
RACE Ferrari NV New 0.35% +0.35
URI United Rentals Inc. New 0.27% +0.27
MMM 3M Co. New 0.23% +0.23
WMT Walmart Inc. Add +1684.5% 0.22% +0.15
VCLT Vanguard Long-Term Corp. Bond New 0.07% +0.07
TTWO Take-Two Interactive Softwre Add +51.2% 0.24% −0.34
PONY Pony AI Inc. Add +233.3% 0.96% −0.87
TMUS T-Mobile US Inc. Add +24.2% 0.28% −1.04
SA Seabridge Gold Inc. Add +5.0% 0.29% −1.12
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +36.2% 4.56% −11.05

Options Activity Q1 2026 → Q2 2026
AAL American Airlines Group Inc. put Reduce -22.2% 356,400 $6.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2026 → Q2 2026
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Sold out 16,000,000 $21.0Mbefore exit
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal Sold out 7,000,000 $7.0Mbefore exit
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Reduce -66.7% 5,000,000 $6.0M
UBER TECHNOLOGIES INC (UBER 0 05/15/28) NOTE 5/1 · principal New 5,000,000 $5.8M
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal New 5,000,000 $5.2M
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Sold out 5,000,000 $5.1Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$15.7BSPCX, GFL, HYG, LQD, ENB
Q1 2026 145$3.3BGFL, HYG, CRM, COF, PNC
Q4 2025 142$4.3BGFL, HYG, COF, WMT, CRM
Q3 2025Amended 151$4.1BGFL, HYG, COF, WMT, CRM
Q2 2025Amended 287$4.7BGFL, HYG, MSFT, BAC, CRM
Q1 2025Amended 394$6.3BGFL, MSFT, WMT, T, BAC
Q4 2024Amended 401$7.2BGFL, MSFT, CB, BAC, BDX
Q3 2024Amended 396$10.9BGFL, MSFT, CB, CMCSA, HON
Q2 2024Amended 423$10.1BGFL, MSFT, CB, HON, CMCSA
Q1 2024Amended 449$10.7BGFL, MSFT, GOOGL, CB, MS