Public Sector Pension Investment Board
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Public Sector Pension Investment Board reported 1,219 stock positions worth $13.8 billion. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Nvidia (NVDA, 3.0%) and Apple (AAPL, 2.9%). Compared with Q4 2023, it opened 21 new positions, sold out of 60, added to 206 and reduced 643. The biggest buy was Eli Lilly (LLY, shares +66%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001396318
- Portfolio Value
- $13.8B (Q1 2024)
- SEC Filing
- 0000950123-24-004803 ↗ filed May 14, 2024
Holdings Value
Holdings 1,219 stocks · $13.8B
| MSFT Microsoft Corp. | 6.13% | 2,010,371 | $845.8M | Reduce -12.1% |
| NVDA Nvidia Corp. | 3.04% | 464,655 | $419.8M | Reduce -36.3% |
| AAPL Apple Inc. | 2.85% | 2,291,799 | $393.0M | Reduce -11.8% |
| LLY Eli Lilly & Co. | 2.71% | 481,008 | $374.2M | Add +65.5% |
| AMZN Amazon.com Inc. | 2.23% | 1,704,828 | $307.5M | Reduce -10.4% |
| AVGO Broadcom Inc. | 1.70% | 177,164 | $234.8M | Reduce -19.8% |
| GOOGL Alphabet Inc. Class A | 1.67% | 1,523,895 | $230.0M | Reduce -18.3% |
| ES Eversource Energy | 1.46% | 3,365,074 | $201.1M | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 1.32% | 373,526 | $181.4M | Add +34.0% |
| ABBV Abbvie Inc. | 1.24% | 939,480 | $171.1M | Add +73.1% |
| UNH Unitedhealth Group Inc. | 1.24% | 345,725 | $171.0M | Reduce -17.8% |
| PG The Procter & Gamble Co. | 1.19% | 1,008,722 | $163.7M | Add +211.6% |
| ETN Eaton Corp. PLC | 1.17% | 516,978 | $161.6M | Add +5.8% |
| UNP Union Pacific Corp. | 1.17% | 655,970 | $161.3M | Reduce -16.7% |
| TSAT Telesat Corp. | 1.12% | 18,211,203 | $154.9M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 1.12% | 2,000,000 | $154.6M | Reduce -61.5% |
| CRM Salesforce Inc. | 1.09% | 497,751 | $149.9M | Reduce -4.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 1.02% | 2,775,882 | $140.9M | Add +190.1% |
| FTS Fortis Inc. | 0.96% | 3,352,277 | $132.6M | Reduce -1.3% |
| AVA Avista Corp. | 0.90% | 3,538,015 | $123.9M | Reduce -0.1% |
| QBTS D-Wave Quantum Inc. | 0.88% | 59,431,311 | $121.2M | No change |
| JPM JPMorgan Chase & Co. | 0.88% | 605,012 | $121.2M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 283,454 | $119.2M | Add +1.0% |
| V Visa Inc. Class A | 0.85% | 422,284 | $117.9M | Reduce -43.3% |
| ALV Autoliv Inc. | 0.85% | 971,704 | $117.0M | Add +1.4% |
| LOW Lowe's Cos Inc. | 0.84% | 455,750 | $116.1M | Add +9.3% |
| XOM Exxon Mobil Corp. | 0.79% | 931,491 | $108.3M | Add +6.8% |
| PH Parker Hannifin Corp. | 0.78% | 192,742 | $107.1M | Reduce -1.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.75% | 1,889,900 | $103.6M | Add +787.4% |
| TMUS T-Mobile US Inc. | 0.74% | 624,683 | $102.0M | Add +60.6% |
| MRK Merck & Co. Inc. | 0.72% | 757,253 | $99.9M | Reduce -12.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.69% | 448,886 | $95.8M | Add +12.7% |
| TMO Thermo Fisher Scientific Inc. | 0.69% | 162,497 | $94.4M | Add +30.6% |
| WMT Walmart Inc. | 0.68% | 1,567,258 | $94.3M | Add +16.0% |
| SNPS Synopsys Inc. | 0.67% | 160,794 | $91.9M | Add +6.5% |
| FDX FedEx Corp. | 0.64% | 303,800 | $88.0M | Add +11.6% |
| ARMK Aramark | 0.63% | 2,686,000 | $87.3M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.62% | 2,237,108 | $84.8M | Add +0.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 604,472 | $82.2M | Reduce -16.1% |
| ACN Accenture PLC Class A | 0.60% | 237,046 | $82.2M | Add +1566.3% |
| MA Mastercard Inc. Class A | 0.58% | 166,787 | $80.3M | Reduce -51.8% |
| DPZ Domino's Pizza Inc. | 0.54% | 151,095 | $75.1M | Add +18905.7% |
| TD Toronto-Dominion Bank | 0.54% | 1,239,905 | $74.9M | Reduce -25.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.53% | 71,436 | $72.7M | Add +7341.3% |
| AVTR Avantor Inc. | 0.53% | 2,839,195 | $72.6M | Add +4.2% |
| KLAC KLA Corp. | 0.52% | 101,892 | $71.2M | Add +3156.4% |
| ABT Abbott Laboratories | 0.50% | 607,422 | $69.0M | Add +3.8% |
| CNI Canadian Natl Railway Co. | 0.49% | 515,000 | $67.9M | Add +4.3% |
| UBER Uber Technologies Inc. | 0.49% | 877,856 | $67.6M | Reduce -0.3% |
| DOW Dow Inc. | 0.48% | 1,146,432 | $66.4M | Add +7077.8% |
| WFC Wells Fargo & Co. | 0.45% | 1,066,879 | $61.8M | Reduce -0.1% |
| ISRG Intuitive Surgical Inc. | 0.44% | 153,358 | $61.2M | Reduce -21.0% |
| CDW CDW Corp. | 0.44% | 239,227 | $61.2M | Add +22.3% |
| CMI Cummins Inc. | 0.44% | 207,485 | $61.1M | Add +6333.6% |
| ADSK Autodesk Inc. | 0.44% | 233,671 | $60.9M | Add +4677.6% |
| C Citigroup Inc. | 0.44% | 949,652 | $60.1M | Add +0.1% |
| CCEP Coca-Cola Europacific Partne | 0.44% | 857,832 | $60.0M | Add +29.4% |
| BSX Boston Scientific Corp. | 0.43% | 857,054 | $58.7M | Reduce -0.1% |
| GDDY GoDaddy Inc. Class A | 0.42% | 490,860 | $58.3M | Add +37.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 561,556 | $57.0M | Reduce -4.8% |
| AXP American Express Co. | 0.41% | 249,117 | $56.7M | Reduce -0.1% |
| MDLZ Mondelez International Inc. Class A | 0.40% | 778,130 | $54.5M | Add +2364.5% |
| UBS UBS Group AG-Reg | 0.39% | 1,750,244 | $53.9M | Add +8.3% |
| MCHP Microchip Technology Inc. | 0.39% | 599,745 | $53.8M | Reduce -58.2% |
| DKS Dick's Sporting Goods Inc. | 0.38% | 235,000 | $52.8M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 96,984 | $50.7M | Reduce -41.3% |
| INTC Intel Corp. | 0.37% | 1,145,706 | $50.6M | Reduce -26.0% |
| AVY Avery Dennison Corp. | 0.37% | 225,716 | $50.4M | Reduce -67.6% |
| LH Laboratory CRP of Amer Hldgs | 0.35% | 220,583 | $48.2M | Reduce -18.4% |
| CVX Chevron Corp. | 0.33% | 288,625 | $45.5M | Add +9.7% |
| LYV Live Nation Entertainment Inc. | 0.33% | 428,106 | $45.3M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.33% | 1,624,985 | $45.1M | Add +75.0% |
| ULTA Ulta Beauty Inc. | 0.32% | 83,440 | $43.6M | Add +7093.1% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.30% | 519,533 | $41.4M | Add +2.9% |
| BKR Baker Hughes Co. | 0.30% | 1,219,704 | $40.9M | Add +706.0% |
| IQV Iqvia Holdings Inc. | 0.28% | 154,167 | $39.0M | Add +3599.7% |
| ORCL Oracle Corp. | 0.28% | 308,448 | $38.7M | Add +47.7% |
| LNG Cheniere Energy Inc. | 0.28% | 236,829 | $38.2M | Add +193.8% |
| PDD PDD Holdings Inc. | 0.27% | 318,394 | $37.0M | Reduce -9.2% |
| EOG EOG Resources Inc. | 0.26% | 276,344 | $35.3M | Add +216.6% |
| QSR Restaurant Brands Intern | 0.25% | 440,000 | $35.0M | Add +1448.3% |
| PNC PNC Financial Services Group | 0.25% | 212,629 | $34.4M | Add +242.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 270,951 | $33.2M | Add +551.4% |
| SPOT Spotify Technology SA | 0.23% | 120,000 | $31.7M | No change |
| DLTR Dollar Tree Inc. | 0.22% | 229,966 | $30.6M | Reduce -54.5% |
| COST Costco Wholesale Corp. | 0.21% | 39,882 | $29.2M | Reduce -0.3% |
| CTAS Cintas Corp. | 0.20% | 39,376 | $27.1M | Add +2985.9% |
| AMH American Homes 4 Rent- A | 0.19% | 705,891 | $26.0M | Add +2132.1% |
| STLA Stellantis NV | 0.18% | 879,541 | $25.0M | Add +11.1% |
| COP Conocophillips | 0.18% | 195,633 | $24.9M | Add +9.9% |
| NEE Nextera Energy Inc. | 0.18% | 386,412 | $24.7M | Reduce -1.7% |
| XRAY Dentsply Sirona Inc. | 0.17% | 726,243 | $24.1M | Add +2187.9% |
| CRH CRH PLC | 0.17% | 275,413 | $23.8M | Add +8.7% |
| CVS CVS Health Corp. | 0.17% | 296,374 | $23.6M | Reduce -1.6% |
| SYF Synchrony Financial | 0.17% | 545,344 | $23.5M | Add +734.6% |
| PXD Pioneer Natural Resources Co. | 0.17% | 88,719 | $23.3M | Add +4.5% |
| MTCH Match Group Inc. | 0.17% | 639,340 | $23.2M | No change |
| JNJ Johnson & Johnson | 0.16% | 143,265 | $22.7M | Add +161.6% |
| NI Nisource Inc. | 0.16% | 818,160 | $22.6M | Reduce -1.4% |
| RACE Ferrari NV | 0.16% | 50,039 | $21.8M | Add +10.9% |
Options reported separately and not counted above: USFD puts ($134.9M), NBR calls ($374K), OABI calls ($121K).
Portfolio Sells Q4 2023 → Q1 2024
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -61.5% | 1.12% | −1.94 |
| AAPL Apple Inc. | Reduce -11.8% | 2.85% | −0.96 |
| PEP Pepsico Inc. | Reduce -95.5% | 0.04% | −0.83 |
| AVY Avery Dennison Corp. | Reduce -67.6% | 0.37% | −0.70 |
| CAE Cae Inc. | Sold out | 0.00% | −0.65 |
| V Visa Inc. Class A | Reduce -43.3% | 0.85% | −0.62 |
| RY Royal Bank of Canada | Reduce -80.4% | 0.14% | −0.61 |
| ADI Analog Devices Inc. | Reduce -97.3% | 0.02% | −0.61 |
| KVUE Kenvue Inc. | Reduce -99.0% | 0.01% | −0.60 |
| MCHP Microchip Technology Inc. | Reduce -58.2% | 0.39% | −0.59 |
| CMCSA Comcast Corp. Class A | Reduce -77.6% | 0.15% | −0.57 |
| MA Mastercard Inc. Class A | Reduce -51.8% | 0.58% | −0.54 |
| SBUX Starbucks Corp. | Reduce -96.4% | 0.02% | −0.49 |
| UNH Unitedhealth Group Inc. | Reduce -17.8% | 1.24% | −0.44 |
| MSFT Microsoft Corp. | Reduce -12.1% | 6.13% | −0.41 |
| DLTR Dollar Tree Inc. | Reduce -54.5% | 0.22% | −0.32 |
| AZO AutoZone Inc. | Reduce -97.7% | 0.01% | −0.32 |
| TDY Teledyne Technologies Inc. | Reduce -98.9% | 0.00% | −0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -18.3% | 1.67% | −0.31 |
| UNP Union Pacific Corp. | Reduce -16.7% | 1.17% | −0.30 |
| TSLA Tesla Inc. | Reduce -73.5% | 0.06% | −0.29 |
| TD Toronto-Dominion Bank | Reduce -25.3% | 0.54% | −0.28 |
| SLF Sun Life Financial Inc. | Reduce -89.2% | 0.03% | −0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -41.3% | 0.37% | −0.23 |
| INTC Intel Corp. | Reduce -26.0% | 0.37% | −0.22 |
| NFLX Netflix Inc. | Reduce -87.0% | 0.04% | −0.22 |
| AVGO Broadcom Inc. | Reduce -19.8% | 1.70% | −0.17 |
| TXN Texas Instruments Inc. | Reduce -86.6% | 0.03% | −0.17 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.15 |
| BAM Brookfield Asset Mgmt-A | Reduce -91.1% | 0.01% | −0.15 |
| CYTK Cytokinetics Inc. | Sold out | 0.00% | −0.13 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.13 |
| PDD PDD Holdings Inc. | Reduce -9.2% | 0.27% | −0.12 |
| ES Eversource Energy | Reduce -0.0% | 1.46% | −0.12 |
| LH Laboratory CRP of Amer Hldgs | Reduce -18.4% | 0.35% | −0.12 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.11 |
| FTS Fortis Inc. | Reduce -1.3% | 0.96% | −0.11 |
| AIT Applied Industrial Tech Inc. | Sold out | 0.00% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -69.0% | 0.03% | −0.08 |
| CLVT Clarivate PLC | Sold out | 0.00% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -76.4% | 0.03% | −0.07 |
| AVA Avista Corp. | Reduce -0.1% | 0.90% | −0.06 |
| ISRG Intuitive Surgical Inc. | Reduce -21.0% | 0.44% | −0.05 |
| BMO Bank of Montreal | Reduce -39.5% | 0.07% | −0.05 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.05 |
| ENB Enbridge Inc. | Reduce -34.0% | 0.08% | −0.05 |
| RPD RAPID7 Inc. | Sold out | 0.00% | −0.04 |
| EXTR Extreme Networks Inc. | Reduce -0.6% | 0.07% | −0.04 |
| PRMW Primo Water Corp. | Sold out | 0.00% | −0.04 |
| BN Brookfield Corp. | Reduce -40.1% | 0.06% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| LLY Eli Lilly & Co. | Add +65.5% | 2.71% | +1.43 |
| PG The Procter & Gamble Co. | Add +211.6% | 1.19% | +0.83 |
| CM Can Imperial BK of Commerce | Add +190.1% | 1.02% | +0.67 |
| SLB SLB Ltd. | Add +787.4% | 0.75% | +0.67 |
| ABBV Abbvie Inc. | Add +73.1% | 1.24% | +0.60 |
| META Meta Platforms Inc. Class A | Add +34.0% | 1.32% | +0.57 |
| ACN Accenture PLC Class A | Add +1566.3% | 0.60% | +0.56 |
| DPZ Domino's Pizza Inc. | Add +18905.7% | 0.54% | +0.54 |
| GWW WW Grainger Inc. | Add +7341.3% | 0.53% | +0.52 |
| KLAC KLA Corp. | Add +3156.4% | 0.52% | +0.50 |
| DOW Dow Inc. | Add +7077.8% | 0.48% | +0.47 |
| CMI Cummins Inc. | Add +6333.6% | 0.44% | +0.44 |
| ADSK Autodesk Inc. | Add +4677.6% | 0.44% | +0.43 |
| DKS Dick's Sporting Goods Inc. | New | 0.38% | +0.38 |
| MDLZ Mondelez International Inc. Class A | Add +2364.5% | 0.40% | +0.38 |
| ULTA Ulta Beauty Inc. | Add +7093.1% | 0.32% | +0.31 |
| ETN Eaton Corp. PLC | Add +5.8% | 1.17% | +0.28 |
| IQV Iqvia Holdings Inc. | Add +3599.7% | 0.28% | +0.28 |
| TMUS T-Mobile US Inc. | Add +60.6% | 0.74% | +0.27 |
| BKR Baker Hughes Co. | Add +706.0% | 0.30% | +0.26 |
| QSR Restaurant Brands Intern | Add +1448.3% | 0.25% | +0.24 |
| DIS The Walt Disney Co. | Add +551.4% | 0.24% | +0.21 |
| CTAS Cintas Corp. | Add +2985.9% | 0.20% | +0.19 |
| TMO Thermo Fisher Scientific Inc. | Add +30.6% | 0.69% | +0.18 |
| AMH American Homes 4 Rent- A | Add +2132.1% | 0.19% | +0.18 |
| PNC PNC Financial Services Group | Add +242.1% | 0.25% | +0.18 |
| EOG EOG Resources Inc. | Add +216.6% | 0.26% | +0.18 |
| LNG Cheniere Energy Inc. | Add +193.8% | 0.28% | +0.17 |
| XRAY Dentsply Sirona Inc. | Add +2187.9% | 0.17% | +0.17 |
| SYF Synchrony Financial | Add +734.6% | 0.17% | +0.15 |
| WMT Walmart Inc. | Add +16.0% | 0.68% | +0.14 |
| HLT Hilton Worldwide Holdings Inc. | Add +12.7% | 0.69% | +0.14 |
| UAL United Airlines Holdings Inc. | Add +826.5% | 0.16% | +0.14 |
| LOW Lowe's Cos Inc. | Add +9.3% | 0.84% | +0.14 |
| GDDY GoDaddy Inc. Class A | Add +37.7% | 0.42% | +0.13 |
| OTIS Otis Worldwide Corp. | Add +1946.5% | 0.14% | +0.13 |
| PFE Pfizer Inc. | Add +75.0% | 0.33% | +0.12 |
| XOM Exxon Mobil Corp. | Add +6.8% | 0.79% | +0.12 |
| ETR Entergy Corp. | Add +640.5% | 0.14% | +0.12 |
| ROK Rockwell Automation Inc. | Add +2205.0% | 0.13% | +0.12 |
| TER Teradyne Inc. | Add +4153.4% | 0.12% | +0.12 |
| BKNG Booking Holdings Inc. | Add +650.8% | 0.14% | +0.12 |
| FDX FedEx Corp. | Add +11.6% | 0.64% | +0.11 |
| ORCL Oracle Corp. | Add +47.7% | 0.28% | +0.11 |
| CDW CDW Corp. | Add +22.3% | 0.44% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.0% | 0.86% | +0.10 |
| FLUT Flutter Entertainment PLC-Di | New | 0.10% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.88% | +0.10 |
| JNJ Johnson & Johnson | Add +161.6% | 0.16% | +0.10 |
| CCEP Coca-Cola Europacific Partne | Add +29.4% | 0.44% | +0.10 |
Options Activity Q4 2023 → Q1 2024
| USFD US Foods Holding Corp. | put | New | 2,500,000 | $134.9M |
| DLTR Dollar Tree Inc. | call | Sold out | 500,000 | $71.0Mbefore exit |
| USFD US Foods Holding Corp. | call | Sold out | 1,500,000 | $68.1Mbefore exit |
| EEM iShares MSCI Emerging Market | put | Sold out | 1,000,000 | $40.2Mbefore exit |
| FXI iShares China Large-Cap ETF | put | Sold out | 1,500,000 | $36.0Mbefore exit |
| KVUE Kenvue Inc. | call | Sold out | 1,000,000 | $21.5Mbefore exit |
| BIRK Birkenstock Holding PLC | call | Sold out | 300,000 | $14.6Mbefore exit |
| SGEN Seagen Inc. | put | Sold out | 60,000 | $13.7Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 1,324 | $38.1B | NVDA, AAPL, MSFT, GOOGL, TSAT |
| Q1 2026 | 1,325 | $32.1B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q4 2025 | 1,339 | $29.7B | MSFT, NVDA, GOOGL, AAPL, AMZN |
| Q3 2025 | 1,259 | $27.2B | MSFT, NVDA, AAPL, META, AMZN |
| Q2 2025 | 1,230 | $23.4B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q1 2025 | 1,236 | $23.1B | MSFT, AAPL, NVDA, AMZN, META |
| Q4 2024 | 1,223 | $23.7B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2024 | 1,224 | $18.5B | MSFT, AAPL, NVDA, AMZN, LLY |
| Q2 2024 | 1,228 | $15.7B | MSFT, AAPL, NVDA, GOOGL, AVGO |
| Q1 2024 | 1,219 | $13.8B | MSFT, NVDA, AAPL, LLY, AMZN |