Picton Mahoney Asset Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Picton Mahoney Asset Management reported 1,185 stock positions worth $10.8 billion. Its top holding was Royal Bank of Canada (RY) at 6.3% of the portfolio, followed by Toronto-Dominion Bank (TD, 5.1%) and Shopify Class A (SHOP, 2.3%). Compared with Q1 2026, it opened 414 new positions, sold out of 294, added to 312 and reduced 303. The biggest buy was Royal Bank of Canada (RY, shares +25%) and the biggest sale Canadian Natural Resources (CNQ, shares −21%).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001539041
Portfolio Value
$10.8B (Q2 2026)
SEC Filing
0001539041-26-000020 ↗ filed Aug 13, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $2.4B Q1 2024 Q2 2024: $2.3B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.6B Q4 2024 Q1 2025: $2.9B Q1 2025 Q2 2025: $7.1B Q2 2025 Q3 2025: $7.8B Q3 2025 Q4 2025: $9.1B Q4 2025 Q1 2026: $9.6B Q1 2026 Q2 2026: $10.8B $10.8B Q2 2026

Holdings 1,185 stocks · $10.8B
RY Royal Bank of Canada 6.32% 3,315,100 $684.8M Add +24.9%
TD Toronto-Dominion Bank 5.13% 4,578,596 $555.3M Add +22.2%
SHOP Shopify Inc. Class A 2.28% 2,163,787 $246.9M Add +1.3%
CP Canadian Pacific Kansas City 2.26% 2,829,879 $244.7M Add +14.1%
BN Brookfield Corp. 1.87% 4,751,905 $202.2M Add +30.0%
ENB Enbridge Inc. 1.68% 3,371,682 $182.4M Add +21.3%
NVDA Nvidia Corp. 1.57% 848,217 $169.7M Reduce -4.7%
CNQ Canadian Natural Resources 1.56% 4,270,778 $168.6M Reduce -20.6%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 1.54% 945,606 $166.7M Add +297.4%
FNV Franco-Nevada Corp. 1.53% 796,135 $165.7M Add +4.8%
SU Suncor Energy Inc. 1.51% 3,049,813 $163.7M Add +6.1%
SLF Sun Life Financial Inc. 1.49% 2,061,273 $161.4M Add +49.9%
AEM Agnico Eagle Mines Ltd. 1.40% 975,936 $151.3M Add +0.7%
CVE Cenovus Energy Inc. 1.37% 5,987,906 $148.2M Add +23.0%
TRP TC Energy Corp. 1.31% 2,150,666 $142.1M Add +4.2%
GOOGL Alphabet Inc. Class A 1.16% 350,882 $125.4M Reduce -15.2%
CLS Celestica Inc. 1.01% 301,938 $109.8M Reduce -8.7%
WPM Wheaton Precious Metals Corp. 1.01% 971,176 $109.0M Add +20.6%
AAPL Apple Inc. 0.96% 358,892 $103.8M Reduce -11.5%
RSP Invesco S&P 500 Equal Weight 0.96% 486,850 $103.6M Add +27.6%
TECK Teck Resources Ltd.-CLS B 0.95% 1,733,240 $103.0M Add +28.4%
HBM Hudbay Minerals Inc. 0.90% 4,154,931 $97.9M Add +10.5%
OR Or Royalties Inc. 0.90% 3,091,096 $97.6M Reduce -7.5%
B Barrick Mining Corp. 0.90% 2,644,794 $97.0M Reduce -5.2%
WCN Waste Connections Inc. 0.87% 569,050 $94.6M Add +29.6%
SPLV Invesco S&P 500 Low Volatili 0.87% 1,254,188 $93.9M Add +31.8%
RCI Rogers Communications Inc. Class B 0.84% 2,814,609 $91.3M Reduce -5.9%
AMZN Amazon.com Inc. 0.80% 362,728 $86.5M Add +0.2%
IAG Iamgold Corp. 0.73% 5,016,085 $79.2M Add +5.4%
BEP Brookfield Renewable Partner 0.71% 2,219,312 $76.7M Add +18.1%
MSFT Microsoft Corp. 0.67% 195,877 $73.1M Reduce -1.8%
CCJ Cameco Corp. 0.59% 629,127 $64.0M Add +5.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.59% 735,921 $63.7M Add +1785.4%
AMD Advanced Micro Devices 0.58% 108,198 $62.9M Add +2.6%
GIL Gildan Activewear Inc. 0.57% 1,200,891 $61.8M Add +21.1%
JPM JPMorgan Chase & Co. 0.56% 185,755 $60.8M Add +45.8%
DSGX The Descartes Systems Grp 0.52% 822,771 $56.8M Add +48.6%
MU Micron Technology Inc. 0.50% 47,110 $54.4M Add +16.6%
PAAS Pan American Silver Corp. 0.50% 1,207,847 $54.0M Add +49.0%
MGA Magna International Inc. 0.48% 784,411 $51.5M Reduce -18.1%
BIP Brookfield Infrastructure Pa 0.47% 1,408,457 $51.3M Add +17.0%
AVGO Broadcom Inc. 0.45% 127,742 $48.3M Reduce -33.5%
FSV Firstservice Corp. 0.43% 330,064 $46.8M Add +35.2%
INTC Intel Corp. 0.43% 333,786 $46.6M Add +2.7%
TSM Taiwan Semiconductor-SP ADR 0.41% 92,038 $44.0M Reduce -7.6%
BGSI Boyd Group Services Inc. 0.40% 457,748 $43.2M Reduce -16.8%
LLY Eli Lilly & Co. 0.37% 33,628 $40.3M Add +1.9%
SNOW Snowflake Inc. 0.36% 153,756 $39.1M Add +43.1%
EA Electronic Arts Inc. 0.36% 189,690 $38.9M Reduce -7.3%
RBC RBC Bearings Inc. 0.35% 58,814 $37.9M Reduce -3.0%
C Citigroup Inc. 0.34% 264,238 $37.0M Add +57.8%
MS Morgan Stanley 0.32% 168,259 $35.2M Reduce -9.7%
PANW Palo Alto Networks Inc. 0.32% 101,969 $34.8M Reduce -1.2%
LRCX Lam Research Corp. 0.32% 79,533 $34.5M Reduce -5.4%
RKT Rocket Cos Inc. Class A 0.31% 2,138,584 $33.7M Add +35.5%
BA The Boeing Co. 0.31% 155,172 $33.6M Add +22.3%
ROKU Roku Inc. 0.31% 240,342 $33.2M Add +132.4%
WBS Webster Financial Corp. 0.29% 415,121 $31.7M Add +62.2%
PWR Quanta Services Inc. 0.29% 43,945 $31.6M Reduce -16.8%
TEVA Teva Pharmaceutical-SP ADR 0.29% 925,408 $31.4M Add +14.2%
AQN Algonquin Power & Utilities 0.28% 5,190,063 $30.4M Add +6.3%
AIZ Assurant Inc. 0.28% 112,130 $30.1M Add +21.3%
CRWD CrowdStrike Holdings Inc. Class A 0.28% 39,227 $29.9M Reduce -20.3%
MDB Mongodb Inc. 0.27% 87,570 $29.4M Add +17.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.27% 192,531 $29.2M Add +6.2%
V Visa Inc. Class A 0.27% 84,253 $28.9M Add +17.4%
KO The Coca-Cola Co. 0.27% 354,491 $28.8M Reduce -1.0%
GH Guardant Health Inc. 0.27% 191,876 $28.8M Reduce -23.3%
COF Capital One Financial Corp. 0.27% 143,168 $28.7M Reduce -4.9%
SNDK Sandisk Corp. 0.26% 12,503 $28.4M Reduce -68.3%
JHG Janus Henderson Group PLC 0.26% 541,914 $28.2M Add +27.5%
CGNX Cognex Corp. 0.26% 382,162 $27.7M Add +16.3%
WMT Walmart Inc. 0.25% 238,420 $27.0M Add +15.9%
CRL Charles River Laboratories 0.24% 116,144 $26.3M Add +21.8%
XPO Xpo Inc. 0.24% 128,028 $26.3M Reduce -3.6%
TFII Tfi International Inc. 0.24% 182,513 $26.2M New
ADI Analog Devices Inc. 0.24% 65,391 $26.0M Reduce -22.7%
WBD Warner Bros Discovery Inc. 0.23% 952,800 $25.4M Add +30.9%
CWST Casella Waste Systems Inc. Class A 0.23% 253,511 $24.6M Add +148.2%
JNJ Johnson & Johnson 0.23% 96,594 $24.5M Add +87.9%
MRVL Marvell Technology Inc. 0.22% 81,195 $24.2M Reduce -5.5%
ELAN Elanco Animal Health Inc. 0.22% 979,269 $24.1M Add +40.2%
VTR Ventas Inc. 0.22% 269,161 $23.9M Reduce -11.0%
PEN Penumbra Inc. 0.22% 75,200 $23.7M Reduce -6.0%
STX Seagate Technology Holdings 0.22% 24,489 $23.6M Reduce -6.4%
CAE Cae Inc. 0.22% 944,020 $23.6M Reduce -39.3%
AU Anglogold Ashanti PLC 0.21% 281,975 $22.8M Add +7.9%
DDOG Datadog Inc. Class A 0.21% 87,319 $22.7M Add +1140.3%
MRK Merck & Co. Inc. 0.21% 176,844 $22.7M Add +30.8%
VLY Valley National Bancorp 0.21% 1,534,220 $22.5M Reduce -2.4%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) 0.21% 12,500,000 $22.3M Add +25.0%
PPL PPL Corp. 0.21% 613,093 $22.3M Reduce -5.3%
KKR KKR & Co. Inc. 0.21% 242,780 $22.3M Reduce -19.6%
HD Home Depot Inc. 0.20% 62,944 $22.2M Reduce -9.1%
GLW Corning Inc. 0.20% 86,130 $22.0M Reduce -12.0%
APGE Apogee Therapeutics Inc. 0.20% 165,000 $21.9M New
CAH Cardinal Health Inc. 0.20% 91,615 $21.8M Reduce -29.1%
DHI D.R. Horton Inc. 0.20% 130,540 $21.3M Add +31.4%
META Meta Platforms Inc. Class A 0.20% 37,656 $21.2M Reduce -29.7%
TWLO Twilio Inc. Class A 0.20% 102,625 $21.2M Add +16.8%

Show all 1,185 holdings

Options reported separately and not counted above: HYG puts ($399.9M), HYG calls ($399.9M), MTUM puts ($342.8M), QQQ calls ($220.9M), SMH puts ($196.8M), CRWD calls ($122.1M), MDB calls ($119.2M), SNOW calls ($115.5M), MU puts ($115.4M), CLS calls ($56.9M), GIL calls ($51.4M), MRVL calls ($50.6M), and 20 more.

Other holdings (161): bonds, preferreds, convertibles and warrants · $11.0M (not counted above)
SecurityClassShares / PrincipalValueChange
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 510,000$505KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 500,000$225KReduce -33.3%
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 92,857$224KNo change
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 912,500$211KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 937,500$207KNo change
AEAQW Activate Energy Acquisition *W EXP 11/10/203 512,500$195KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 200,000$188KNo change
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 450,000$167KReduce -40.0%
ADACW American Dr Acq A -30 *W EXP 02/06/203 249,999$157KNo change
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 387,500$155KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 162,500$154KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 440,540$150KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 650,000$150KNo change
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 366,666$147KNo change
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 900,000$145KNo change
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 200,000$143KReduce -60.0%
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 500,000$140KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 734,878$140KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 333,332$133KNo change
GPACW General Purpose Acquisition *W EXP 12/03/203 500,000$130KNo change
HCACR Hall Chadwick Acquisi-Rights RIGHT 11/20/2030 450,000$130KReduce -35.7%
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 250,000$125KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 350,000$121KNo change
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 333,332$117KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 302,140$115KReduce -39.8%
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 500,000$114KNo change
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 500,000$112KNo change
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 425,000$111KNo change
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 166,665$108KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 500,000$108KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 500,000$105KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 500,000$105KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 500,000$103KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 250,000$100KNo change
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 169,200$100KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 350,000$98KNo change
BEBE.WS Tge Value Creative Solutions *W EXP 09/16/203 250,000$97KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 140,000$95KNo change
KBONW Karbon Capital Partners Corp. *W EXP 12/11/203 175,000$95KNo change
ALUB.WS Alussa Energy Acquisition-30 *W EXP 99/99/999 233,332$93KNo change
SVIVW Spring Valley Acquisition Co. *W EXP 01/22/203 93,749$92KNew
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 250,250$90KNo change
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 500,000$90KNo change
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 150,000$90KNo change
ITHAW Ithax Acquisition Corp. III *W EXP 11/17/203 330,344$90KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 212,500$89KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 800,000$88KNo change
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 349,400$88KReduce -50.1%
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 500,000$85KNo change
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 174,999$82KNew
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 166,666$80KNo change
LEGO.WS Legato Merger Corp. IV *W EXP 99/99/999 166,665$80KNew
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 250,000$78KNo change
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 200,000$78KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 312,500$77KNo change
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 250,000$75KNo change
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 166,666$75KNo change
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 71,427$75KNo change
SVAQW Silicon Valley Acquisition C *W EXP 12/08/203 100,000$74KNew
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 250,000$73KNo change
TWLVR Twelve Seas Investment Co. II RIGHT 11/21/2030 400,000$72KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 875,000$70KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 333,333$70KNo change
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 225,000$68KNo change
HACQW HCM IV Acquisition Corp. *W EXP 01/20/203 124,999$67KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 225,000$67KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 166,665$67KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 125,000$66KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 99,999$66KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 175,000$66KNo change
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 233,332$66KNo change
MLAAW Mountain Lake Acquisition Co. *W EXP 99/99/999 250,000$65KNo change
AACOW Abony Acquisition Corp. -CW27 *W EXP 01/29/203 133,331$64KNo change
PTORW Praetorian Acquisition Corp. *W EXP 01/16/203 166,665$63KNew
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 500,000$63KNo change
SAAQW Space Asset Acquisition Corp. *W EXP 03/31/203 66,665$62KNew
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 250,000$61KNo change
SCPQW Social Commerce Partner - 30 *W EXP 02/13/203 137,500$61KNew
ENRDW Einride AB-31 *W EXP 06/08/203 100,000$60KNew
FGIIW FG Imperii Acquisition Corp. *W EXP 10/14/203 199,999$59KNew
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 300,000$57KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 400,000$56KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 475,000$55KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 250,000$54KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 65,346$51KReduce -50.3%
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 431,115$50KNo change
BIII.WS Black Spade Acquisition III *W EXP 99/99/999 124,999$50KNo change
EVOXW Evolution Global Acquisition *W EXP 10/22/203 125,000$49KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 300,000$49KReduce -40.0%
ILLUW Illumination Acquisition Cor *W EXP 12/23/203 99,999$48KNo change
SORNW Soren Acquisition Corp. *W EXP 12/19/203 166,665$48KNew
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 125,000$48KNo change
DSACW Daedalus Spec Acq -30 *W EXP 11/24/203 75,000$46KNo change
MUZEW Muzero Acquisition - 30 *W EXP 01/30/203 149,999$46KNew
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 125,000$44KNo change
IPXGW Columbus Circle Capital Corp. *W EXP 02/11/203 33,331$44KNew
PONOR Pono Capital Four Inc.-RTS RIGHT 02/20/2031 200,000$42KNew
SUMAR Suma Acquisition Corp. Class R RIGHT 03/05/2031 150,000$42KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 112,500$42KNo change
DNMXW Dynamix Corp. III *W EXP 10/10/203 150,000$41KNo change
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 200,000$39KNo change
ZKPW Lafayette Digital Acqu - 31 *W EXP 12/23/203 125,000$39KNo change
VHCPW Vine Hill Capital Investment *W EXP 11/25/203 83,332$38KNo change
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 75,000$36KNo change
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 124,999$35KNo change
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 175,000$35KNo change
MZYX.WS Mozayyx Acquisition Corp. *W EXP 99/99/999 49,998$35KNo change
TRGSR TRG Latin America Acquisitio RIGHT 02/20/2031 200,000$35KNo change
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 100,000$35KNo change
PALOW Paloma Acquisition Corp. I *W EXP 02/12/203 99,999$35KNo change
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 38,366$35KReduce -77.0%
DBCAW D. Boral Acquisition I Corp. *W EXP 01/30/203 87,500$33KNew
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 203,326$33KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 112,500$32KNo change
HCICR Hennessy Capital Investm-RTS RIGHT 02/02/2031 200,000$32KNo change
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 66,665$32KNew
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 250,000$31KNo change
UAC.WS United Acquisition Corp. I *W EXP 99/99/999 24,999$31KNew
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 100,000$31KNo change
NWAX.WS New America Acquisition I Co. *W EXP 99/99/999 50,000$30KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 100,000$29KNo change
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 37,499$28KNew
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 100,000$28KNo change
MTAL.WS Metals Acquisition Corp. II *W EXP 06/30/203 24,998$27KNo change
GIXXR GIGCAPITAL9 Corp.-RTS RIGHT 12/01/2030 100,000$26KNew
QLEP.WS Quantum Leap Acqu-31 *W EXP 03/11/202 200,000$26KNew
TMTSW Spartacus Acquisition Corp. I *W EXP 01/30/203 41,665$23KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 50,000$23KNo change
WLIIW Willow Lane Acquisition Corp. *W EXP 12/31/203 24,999$22KNo change
IRAB.WS Iris Acq Corp. II -31 *W EXP 08/15/203 87,500$22KNew
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 25,000$21KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 162,088$21KNo change
AACIW Armada Acquisition Corp. III *W EXP 02/13/203 62,499$21KNo change
CAQUW Cambridge Acquisition Corp. *W EXP 01/30/203 66,665$20KNo change
ARTCW Art Technology Acquisition C *W EXP 12/19/203 49,999$20KNo change
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 100,000$19KNo change
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 49,999$19KNew
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 25,000$18KNo change
XSLLW Xsolla Spac 1 *W EXP 01/12/203 72,999$17KNew
IACOW Idea Acquisition Corp.-30 *W EXP 01/06/203 49,998$17KNo change
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 150,000$17KNo change
ACAAW Averin Capital Acqu - 31 *W EXP 12/31/203 24,997$16KReduce -0.2%
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 49,998$16KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 15,000$14KNo change
WHITE PEARL ACQUISITION CORP RIGHT 09/10/2030 50,000$14KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 25,000$13KNo change
GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 112,500$10KNo change
DYORW Insight Digital Partners II *W EXP 10/28/203 25,000$8KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 28,332$7KNo change
SCAGW Scage Future -30 *W EXP 05/15/203 150,000$7KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 175,000$6KNo change
AMODW Insight Acquisition Co. -CW23 *W EXP 12/13/202 150,000$4KNo change
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 75,000$4KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 96,794$4KNo change
ZOOZW Zooz Strategy Ltd.-29 *W EXP 04/02/202 162,500$3KNo change
FUSEW CSLM Holdings Inc. - 30 *W EXP 10/22/203 50,000$3KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 75,000$3KNo change
XBPEW CF Acquisition Viii A -CW27 *W EXP 11/30/202 50,000$2KNo change
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 5,000$2KNo change
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 57,175$2KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 50,000$1KNo change

Total filed on the 13F, all lines: $10.8B.

Portfolio Sells Q1 2026 → Q2 2026
CNQ Canadian Natural Resources Reduce -20.6% 1.56% −1.18
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) Sold out 0.00% −0.53
HOLX Hologic Inc. Sold out 0.00% −0.51
AL Sumisho Air Lease Corp. Sold out 0.00% −0.47
SEE Sealed Air Corp. Sold out 0.00% −0.44
OR Or Royalties Inc. Reduce -7.5% 0.90% −0.42
RCI Rogers Communications Inc. Class B Reduce -5.9% 0.84% −0.36
MFC Manulife Financial Corp. Reduce -93.5% 0.03% −0.35
BGSI Boyd Group Services Inc. Reduce -16.8% 0.40% −0.33
GTLS Chart Industries Inc. Reduce -72.6% 0.10% −0.31
B Barrick Mining Corp. Reduce -5.2% 0.90% −0.29
TER Teradyne Inc. Reduce -95.5% 0.02% −0.26
NET Cloudflare Inc. Class A Sold out 0.00% −0.26
MCO Moody's Corp. Reduce -96.7% 0.01% −0.22
DOO BRP Inc./Ca- Sub Voting Reduce -42.5% 0.17% −0.22
SCHW Schwab (charles) Corp. Reduce -55.7% 0.13% −0.21
ALF Centurion Acquisition Corp. Sold out 0.00% −0.21
CAE Cae Inc. Reduce -39.3% 0.22% −0.20
TRI Thomson Reuters Corp. Reduce -99.0% 0.00% −0.20
FOLD Amicus Therapeutics Inc. Sold out 0.00% −0.20
ARES Ares Management Corp. Class A Sold out 0.00% −0.20
LPLA LPL Financial Holdings Inc. Reduce -77.0% 0.04% −0.19
NFLX Netflix Inc. Sold out 0.00% −0.19
AVGO Broadcom Inc. Reduce -33.5% 0.45% −0.17
CM Can Imperial BK of Commerce Reduce -90.8% 0.02% −0.16
NTR Nutrien Ltd. Reduce -82.8% 0.02% −0.15
TMO Thermo Fisher Scientific Inc. Reduce -62.3% 0.08% −0.15
WESTERN DIGITAL CORP (WDC 3 11/15/28) Sold out 0.00% −0.15
SIMA Sim Acquisition Corp. I-A Sold out 0.00% −0.15
ACLX Arcellx Inc. Sold out 0.00% −0.14
CDE Coeur Mining Inc. Reduce -57.2% 0.07% −0.14
FAC Factorial Energy Inc. Sold out 0.00% −0.14
HWM Howmet Aerospace Inc. Reduce -43.8% 0.18% −0.13
GPAT GP-Act III Acquisition-A Reduce -81.8% 0.03% −0.13
EXE Expand Energy Corp. Sold out 0.00% −0.13
CENX Century Aluminum Company Reduce -57.4% 0.05% −0.13
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) Sold out 0.00% −0.13
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.12
META Meta Platforms Inc. Class A Reduce -29.7% 0.20% −0.12
MASI Masimo Corp. Sold out 0.00% −0.12
CUB Lionheart Holdings Class A Reduce -66.7% 0.05% −0.12
NEE Nextera Energy Inc. Reduce -86.2% 0.02% −0.12
CTRA Coterra Energy Inc. Sold out 0.00% −0.12
INTU Intuit Inc. Reduce -83.8% 0.01% −0.12
AAPL Apple Inc. Reduce -11.5% 0.96% −0.11
BRZE Braze Inc. Class A Reduce -71.1% 0.03% −0.11
TONT Graf Global Corp. Class A Sold out 0.00% −0.11
AON Aon PLC Class A Reduce -47.6% 0.10% −0.11
SF Stifel Financial Corp. Sold out 0.00% −0.11
COST Costco Wholesale Corp. Reduce -91.5% 0.01% −0.11

Portfolio Buys Q1 2026 → Q2 2026
RY Royal Bank of Canada Add +24.9% 6.32% +1.85
TD Toronto-Dominion Bank Add +22.2% 5.13% +1.48
BMO Bank of Montreal Add +297.4% 1.54% +1.20
SLF Sun Life Financial Inc. Add +49.9% 1.49% +0.59
BNS Bank of Nova Scotia Add +1785.4% 0.59% +0.56
MU Micron Technology Inc. Add +16.6% 0.50% +0.36
AMD Advanced Micro Devices Add +2.6% 0.58% +0.36
BN Brookfield Corp. Add +30.0% 1.87% +0.32
INTC Intel Corp. Add +2.7% 0.43% +0.28
TFII Tfi International Inc. New 0.24% +0.24
CP Canadian Pacific Kansas City Add +14.1% 2.26% +0.23
TECK Teck Resources Ltd.-CLS B Add +28.4% 0.95% +0.22
ROKU Roku Inc. Add +132.4% 0.31% +0.20
APGE Apogee Therapeutics Inc. New 0.20% +0.20
DDOG Datadog Inc. Class A Add +1140.3% 0.21% +0.20
RSP Invesco S&P 500 Equal Weight Add +27.6% 0.96% +0.19
SNOW Snowflake Inc. Add +43.1% 0.36% +0.19
JPM JPMorgan Chase & Co. Add +45.8% 0.56% +0.17
NUVL Nuvalent Inc. Class A New 0.17% +0.17
BBUC Brookfield Business Corp. Class A New 0.16% +0.16
BAM Brookfield Asset Mgmt-A New 0.15% +0.15
BLD Topbuild Corp. New 0.15% +0.15
TPG TPG Inc. New 0.15% +0.15
TXN Texas Instruments Inc. New 0.15% +0.15
VLO Valero Energy Corp. New 0.14% +0.14
C Citigroup Inc. Add +57.8% 0.34% +0.14
IEX Idex Corp. New 0.14% +0.14
CWST Casella Waste Systems Inc. Class A Add +148.2% 0.23% +0.14
SPLV Invesco S&P 500 Low Volatili Add +31.8% 0.87% +0.14
SXT Sensient Technologies Corp. New 0.13% +0.13
RRX Regal Rexnord Corp. New 0.13% +0.13
WCN Waste Connections Inc. Add +29.6% 0.87% +0.13
BLDR Builders Firstsource Inc. Add +15443.2% 0.13% +0.13
LIVANOVA PLC (LIVN 2.5 03/15/29) New 0.13% +0.13
CZR Caesars Entertainment Inc. New 0.12% +0.12
A Agilent Technologies Inc. Add +1057.9% 0.13% +0.12
ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) Add +140.0% 0.19% +0.12
URI United Rentals Inc. Add +4033.7% 0.12% +0.11
OKTA Okta Inc. New 0.11% +0.11
ENB Enbridge Inc. Add +21.3% 1.68% +0.11
BKNG Booking Holdings Inc. Add +1305.1% 0.12% +0.11
DSGX The Descartes Systems Grp Add +48.6% 0.52% +0.11
KLAC KLA Corp. Add +1330.4% 0.12% +0.11
FSM Fortuna Mining Corp. Add +917.5% 0.13% +0.11
ARMK Aramark New 0.11% +0.11
WBS Webster Financial Corp. Add +62.2% 0.29% +0.11
DELL Dell Technologies -C Add +1429.5% 0.10% +0.10
TTWO Take-Two Interactive Softwre Add +494.8% 0.12% +0.10
JNJ Johnson & Johnson Add +87.9% 0.23% +0.10
BIIB Biogen Inc. New 0.09% +0.09

Options Activity Q1 2026 → Q2 2026
LQD Ishr Ibx Usd Invgd CB ETF-Ui put Sold out 5,000,000 $545.0Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Reduce -71.9% 5,000,000 $399.9M
MTUM iShares MSCI USA Momentum Fa put Add +92.3% 1,000,000 $342.8M
LQD Ishr Ibx Usd Invgd CB ETF-Ui call Sold out 2,500,000 $272.5Mbefore exit
QQQ Invesco QQQ Trust Series 1 call New 300,000 $220.9M
SMH Vaneck Semiconductor ETF put New 300,000 $196.8M
TLT iShares 20+ Year Treasury BD call Sold out 2,000,000 $173.4Mbefore exit
EEM iShares MSCI Emerging Market call Sold out 2,400,000 $136.3Mbefore exit
CRWD CrowdStrike Holdings Inc. Class A call New 160,000 $122.1M
MDB Mongodb Inc. call Add +144.8% 355,000 $119.2M
SNOW Snowflake Inc. call New 454,000 $115.5M
MU Micron Technology Inc. put New 100,000 $115.4M
GDX Vaneck Gold Miners ETF call Sold out 1,120,000 $102.8Mbefore exit
CLS Celestica Inc. call New 156,000 $56.9M
KRE SS SPDR S&P Regional Bank call Sold out 800,000 $52.1Mbefore exit
INTU Intuit Inc. call Sold out 120,000 $51.9Mbefore exit
GIL Gildan Activewear Inc. call New 1,000,000 $51.4M
MU Micron Technology Inc. call Sold out 150,000 $50.7Mbefore exit
MRVL Marvell Technology Inc. call Reduce -15.0% 170,000 $50.6M
TWLO Twilio Inc. Class A call New 240,000 $49.5M
AVGO Broadcom Inc. call New 100,000 $37.8M
AEM Agnico Eagle Mines Ltd. call Sold out 180,000 $36.5Mbefore exit
AKAM Akamai Technologies Inc. call Add +233.3% 300,000 $35.5M
HBM Hudbay Minerals Inc. call Add +50.0% 1,500,000 $35.3M
GOOGL Alphabet Inc. Class A call New 90,000 $32.2M
RKT Rocket Cos Inc. Class A call New 1,900,000 $29.9M
CVE Cenovus Energy Inc. call New 1,200,000 $29.7M
CGNX Cognex Corp. call Sold out 600,000 $29.4Mbefore exit
SHOP Shopify Inc. Class A call Add +19.1% 250,000 $28.5M
CRM Salesforce Inc. call Sold out 150,000 $28.0Mbefore exit
KKR KKR & Co. Inc. call Sold out 300,000 $27.8Mbefore exit
APGE Apogee Therapeutics Inc. put New 200,000 $26.5M
ARES Ares Management Corp. Class A call Sold out 220,000 $24.0Mbefore exit
NVTS Navitas Semiconductor Corp. call New 1,320,000 $23.7M
FROG Jfrog Ltd. call Add +44.4% 260,000 $23.6M
TECK Teck Resources Ltd.-CLS B call Reduce -79.5% 390,000 $23.2M
SJM The JM Smucker Co. call Sold out 240,000 $23.1Mbefore exit
HOLX Hologic Inc. put Sold out 300,000 $22.7Mbefore exit
NOW ServiceNow Inc. call Sold out 200,000 $20.9Mbefore exit
TEAM Atlassian Corp. Class A call Sold out 300,000 $20.5Mbefore exit
IQV Iqvia Holdings Inc. call Sold out 120,000 $20.5Mbefore exit
EFA iShares MSCI Eafe ETF put Sold out 200,000 $19.4Mbefore exit
COHR Coherent Corp. call Sold out 80,000 $19.1Mbefore exit
OR Or Royalties Inc. call Sold out 500,000 $19.0Mbefore exit
TAC Transalta Corp. call New 1,300,000 $17.9M
MLI Mueller Industries Inc. call Sold out 150,000 $16.6Mbefore exit
MGNI Magnite Inc. call New 750,000 $14.2M
BRZE Braze Inc. Class A call Sold out 600,000 $14.2Mbefore exit
CRWV Coreweave Inc. Class A put New 130,000 $12.9M
SPCX Space Exploration Techn Class A put New 75,000 $12.8M

Showing the first 50 of 58.

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
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 Reduce -33.3% 500,000 $225K
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 Reduce -40.0% 450,000 $167K
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 Sold out 500,000 $150Kbefore exit
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 Reduce -60.0% 200,000 $143K
HCACR Hall Chadwick Acquisi-Rights RIGHT 11/20/2030 Reduce -35.7% 450,000 $130K
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 Reduce -39.8% 302,140 $115K
SVIVW Spring Valley Acquisition Co. *W EXP 01/22/203 New 93,749 $92K
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 Reduce -50.1% 349,400 $88K
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 New 174,999 $82K
LEGO.WS Legato Merger Corp. IV *W EXP 99/99/999 New 166,665 $80K
SVAQW Silicon Valley Acquisition C *W EXP 12/08/203 New 100,000 $74K
ATIIW Archimedes Tech-30 *W EXP 10/15/202 Sold out 125,000 $64Kbefore exit
PTORW Praetorian Acquisition Corp. *W EXP 01/16/203 New 166,665 $63K
SAAQW Space Asset Acquisition Corp. *W EXP 03/31/203 New 66,665 $62K
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 Sold out 150,000 $62Kbefore exit
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 Sold out 87,249 $61Kbefore exit
SCPQW Social Commerce Partner - 30 *W EXP 02/13/203 New 137,500 $61K
ENRDW Einride AB-31 *W EXP 06/08/203 New 100,000 $60K
FGIIW FG Imperii Acquisition Corp. *W EXP 10/14/203 New 199,999 $59K
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 Sold out 75,000 $54Kbefore exit
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 Reduce -50.3% 65,346 $51K
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 Sold out 100,000 $50Kbefore exit
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 Reduce -40.0% 300,000 $49K
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 Sold out 300,000 $48Kbefore exit
SORNW Soren Acquisition Corp. *W EXP 12/19/203 New 166,665 $48K
MUZEW Muzero Acquisition - 30 *W EXP 01/30/203 New 149,999 $46K
IPXGW Columbus Circle Capital Corp. *W EXP 02/11/203 New 33,331 $44K
PONOR Pono Capital Four Inc.-RTS RIGHT 02/20/2031 New 200,000 $42K
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 Reduce -77.0% 38,366 $35K
DBCAW D. Boral Acquisition I Corp. *W EXP 01/30/203 New 87,500 $33K
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 New 66,665 $32K
UAC.WS United Acquisition Corp. I *W EXP 99/99/999 New 24,999 $31K
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 Sold out 100,000 $30Kbefore exit
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 New 37,499 $28K
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 Sold out 175,000 $26Kbefore exit
GIXXR GIGCAPITAL9 Corp.-RTS RIGHT 12/01/2030 New 100,000 $26K
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 Sold out 100,000 $26Kbefore exit
QLEP.WS Quantum Leap Acqu-31 *W EXP 03/11/202 New 200,000 $26K
IRAB.WS Iris Acq Corp. II -31 *W EXP 08/15/203 New 87,500 $22K
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 Sold out 125,000 $20Kbefore exit
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 New 49,999 $19K
XSLLW Xsolla Spac 1 *W EXP 01/12/203 New 72,999 $17K
ACAAW Averin Capital Acqu - 31 *W EXP 12/31/203 Reduce -0.2% 24,997 $16K
CPTWF Captivision Inc.-28 *W EXP 11/15/202 Sold out 75,000 $4Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,185$10.8BRY, TD, SHOP, CP, BN
Q1 2026 1,067$9.6BRY, TD, CNQ, SHOP, AEM
Q4 2025 1,060$9.1BRY, TD, SHOP, BN, CP
Q3 2025 938$7.8BRY, TD, SHOP, BN, AEM
Q2 2025 870$7.1BRY, TD, SHOP, CP, CNQ
Q1 2025 841$2.9BNVDA, MSFT, AAPL, ITCI, AMZN
Q4 2024Amended 765$2.6BNVDA, MSFT, AMZN, K, SMAR
Q3 2024 765$2.6BNVDA, AAPL, MSFT, K, SMAR
Q2 2024 530$2.3BNVDA, AAPL, MSFT, AMZN, LLY
Q1 2024 299$2.4BPXD, MSFT, NVDA, AMZN, IWN