Public Sector Pension Investment Board
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Public Sector Pension Investment Board reported 1,223 stock positions worth $23.7 billion. Its top holding was Nvidia (NVDA) at 5.1% of the portfolio, followed by Apple (AAPL, 5.1%) and Microsoft (MSFT, 4.7%). Compared with Q3 2024, it opened 52 new positions, sold out of 54, added to 1,055 and reduced 99. The biggest buy was Nvidia (NVDA, shares +47%) and the biggest sale an exit from Vanguard S/T Corp. Bond ETF (VCSH).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001396318
- Portfolio Value
- $23.7B (Q4 2024)
- SEC Filing
- 0000950123-25-002217 ↗ filed Feb 14, 2025
Holdings Value
Holdings 1,223 stocks · $23.7B
| NVDA Nvidia Corp. | 5.14% | 9,050,825 | $1.2B | Add +47.3% |
| AAPL Apple Inc. | 5.09% | 4,810,604 | $1.2B | Add +17.9% |
| MSFT Microsoft Corp. | 4.74% | 2,663,055 | $1.1B | Add +4.2% |
| AMZN Amazon.com Inc. | 2.63% | 2,838,584 | $622.8M | Add +20.4% |
| AVGO Broadcom Inc. | 2.18% | 2,222,914 | $515.4M | Add +22.9% |
| META Meta Platforms Inc. Class A | 2.05% | 828,044 | $484.8M | Add +58.9% |
| GOOGL Alphabet Inc. Class A | 1.82% | 2,277,919 | $431.2M | Add +17.9% |
| QBTS D-Wave Quantum Inc. | 1.42% | 40,057,252 | $336.5M | Reduce -32.6% |
| LLY Eli Lilly & Co. | 1.42% | 435,189 | $336.0M | Add +3.0% |
| TSAT Telesat Corp. | 1.26% | 18,211,203 | $299.2M | No change |
| JPM JPMorgan Chase & Co. | 1.20% | 1,188,479 | $284.9M | Add +19.3% |
| TSLA Tesla Inc. | 1.18% | 690,063 | $278.7M | Add +100.3% |
| WMT Walmart Inc. | 1.16% | 3,036,301 | $274.3M | Add +108.9% |
| MRK Merck & Co. Inc. | 1.04% | 2,472,137 | $245.9M | Add +108.7% |
| UNH Unitedhealth Group Inc. | 1.01% | 471,910 | $238.7M | Reduce -3.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.98% | 3,680,608 | $232.7M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 508,582 | $230.5M | Add +6.5% |
| V Visa Inc. Class A | 0.97% | 726,753 | $229.7M | Add +33.2% |
| ES Eversource Energy | 0.83% | 3,420,561 | $196.4M | Add +1.0% |
| UNP Union Pacific Corp. | 0.82% | 850,300 | $193.9M | Add +12.7% |
| NOW ServiceNow Inc. | 0.72% | 160,488 | $170.1M | Add +1666.7% |
| GOOG Alphabet Inc. Class C | 0.72% | 890,162 | $169.5M | Add +247.6% |
| WFC Wells Fargo & Co. | 0.71% | 2,380,915 | $167.2M | Add +20.2% |
| MA Mastercard Inc. Class A | 0.70% | 312,980 | $164.8M | Add +36.0% |
| CRM Salesforce Inc. | 0.68% | 483,969 | $161.8M | Add +4.9% |
| XOM Exxon Mobil Corp. | 0.67% | 1,464,524 | $157.5M | Add +33.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.66% | 3,536,122 | $155.4M | Add +51.8% |
| TMUS T-Mobile US Inc. | 0.64% | 687,168 | $151.7M | Reduce -3.3% |
| ABBV Abbvie Inc. | 0.61% | 809,974 | $143.9M | Reduce -22.7% |
| ORCL Oracle Corp. | 0.59% | 843,087 | $140.5M | Add +55.5% |
| FTS Fortis Inc. | 0.59% | 3,355,448 | $139.4M | Reduce -0.5% |
| PH Parker Hannifin Corp. | 0.58% | 217,664 | $138.4M | Add +15.5% |
| AVA Avista Corp. | 0.55% | 3,576,516 | $131.0M | Add +0.8% |
| ETN Eaton Corp. PLC | 0.53% | 380,588 | $126.3M | Reduce -18.2% |
| PG The Procter & Gamble Co. | 0.52% | 733,008 | $122.9M | Reduce -47.7% |
| CMI Cummins Inc. | 0.50% | 342,024 | $119.2M | Add +12.5% |
| FISV Fiserv Inc. | 0.50% | 573,987 | $117.9M | Add +2307.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.49% | 109,177 | $115.1M | Add +48.6% |
| T AT&T Inc. | 0.47% | 4,936,401 | $112.4M | Add +54.2% |
| LOW Lowe's Cos Inc. | 0.47% | 452,573 | $111.7M | Reduce -15.0% |
| TMO Thermo Fisher Scientific Inc. | 0.46% | 209,797 | $109.1M | Reduce -12.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 885,568 | $107.0M | Add +1698.0% |
| CL Colgate-Palmolive Co. | 0.45% | 1,174,687 | $106.8M | Add +25.1% |
| KLAC KLA Corp. | 0.45% | 167,618 | $105.6M | Add +19.3% |
| ISRG Intuitive Surgical Inc. | 0.44% | 200,563 | $104.7M | Add +16.4% |
| ADI Analog Devices Inc. | 0.43% | 482,319 | $102.5M | Add +2131.7% |
| ABT Abbott Laboratories | 0.43% | 899,974 | $101.8M | Add +139.5% |
| ARMK Aramark | 0.42% | 2,686,000 | $100.2M | No change |
| MDLZ Mondelez International Inc. Class A | 0.42% | 1,646,919 | $98.4M | Add +34.6% |
| BSX Boston Scientific Corp. | 0.41% | 1,096,271 | $97.9M | Add +20.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.41% | 494,762 | $97.7M | Add +25.0% |
| GDDY GoDaddy Inc. Class A | 0.40% | 480,667 | $94.9M | Add +5.0% |
| HLT Hilton Worldwide Holdings Inc. | 0.39% | 377,855 | $93.4M | Add +25.0% |
| LIN Linde PLC | 0.39% | 221,773 | $92.8M | Add +958.1% |
| COST Costco Wholesale Corp. | 0.39% | 100,278 | $91.9M | Add +91.7% |
| AXP American Express Co. | 0.38% | 303,374 | $90.0M | Reduce -21.0% |
| SYK Stryker Corp. | 0.38% | 248,691 | $89.5M | Add +19.6% |
| MSI Motorola Solutions Inc. | 0.38% | 193,371 | $89.4M | Add +2551.8% |
| SNPS Synopsys Inc. | 0.37% | 181,846 | $88.3M | Add +5.8% |
| SPOT Spotify Technology SA | 0.36% | 190,900 | $85.4M | Add +59.1% |
| UBS UBS Group AG-Reg | 0.33% | 2,530,424 | $77.4M | Add +18.4% |
| ROST Ross Stores Inc. | 0.32% | 497,719 | $75.3M | Reduce -21.0% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 435,336 | $72.6M | Add +25.9% |
| C Citigroup Inc. | 0.30% | 1,009,703 | $71.1M | Add +18.5% |
| NEE Nextera Energy Inc. | 0.29% | 943,744 | $67.7M | Add +163.2% |
| UBER Uber Technologies Inc. | 0.28% | 1,098,590 | $66.3M | Add +18.6% |
| AMT American Tower Corp. | 0.28% | 360,399 | $66.1M | Add +53.0% |
| PLD Prologis Inc. | 0.28% | 619,558 | $65.5M | Add +284.3% |
| ARGX Argenx SE - ADR | 0.28% | 105,972 | $65.2M | New |
| LYV Live Nation Entertainment Inc. | 0.28% | 502,625 | $65.1M | Add +2.8% |
| JNJ Johnson & Johnson | 0.27% | 449,704 | $65.0M | Reduce -14.3% |
| PWR Quanta Services Inc. | 0.27% | 203,518 | $64.3M | Reduce -27.1% |
| ALV Autoliv Inc. | 0.27% | 684,773 | $64.2M | Add +70.3% |
| LEN Lennar Corp. Class A | 0.27% | 465,957 | $63.5M | Add +517.0% |
| CVX Chevron Corp. | 0.27% | 433,650 | $62.8M | Add +46.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 105,367 | $61.8M | Add +588.8% |
| ACN Accenture PLC Class A | 0.26% | 175,412 | $61.7M | Add +542.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 525,643 | $58.5M | Add +576.0% |
| EQIX Equinix Inc. | 0.24% | 61,082 | $57.6M | Add +268.6% |
| NFLX Netflix Inc. | 0.23% | 61,677 | $55.0M | Add +233.9% |
| CSCO Cisco Systems Inc. | 0.22% | 881,791 | $52.2M | Add +402.7% |
| LMT Lockheed Martin Corp. | 0.22% | 105,948 | $51.5M | Add +19.4% |
| XLF SS Financial Select Sector | 0.21% | 1,040,000 | $50.3M | Reduce -66.2% |
| PNC PNC Financial Services Group | 0.21% | 252,909 | $48.8M | Add +15.4% |
| BX Blackstone Inc. | 0.21% | 282,317 | $48.7M | Add +124.6% |
| HD Home Depot Inc. | 0.20% | 124,134 | $48.3M | Reduce -26.2% |
| TXN Texas Instruments Inc. | 0.20% | 251,808 | $47.2M | Add +527.8% |
| GS Goldman Sachs Group Inc. | 0.20% | 81,415 | $46.6M | Add +47.5% |
| MLM Martin Marietta Materials | 0.20% | 89,326 | $46.1M | Reduce -50.8% |
| DLR Digital Realty Trust Inc. | 0.19% | 251,320 | $44.6M | Add +368.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.17% | 1,074,434 | $41.2M | Add +335.8% |
| SPGI S&P Global Inc. | 0.17% | 82,350 | $41.0M | Reduce -28.8% |
| MS Morgan Stanley | 0.17% | 321,849 | $40.5M | Add +48.0% |
| PM Philip Morris International | 0.16% | 322,338 | $38.8M | Reduce -64.7% |
| BLK BlackRock Inc. | 0.16% | 37,767 | $38.7M | Add +55.2% |
| SCHW Schwab (charles) Corp. | 0.16% | 520,925 | $38.6M | Add +100.5% |
| CCI Crown Castle Inc. | 0.16% | 418,811 | $38.0M | Add +452.0% |
| INTU Intuit Inc. | 0.16% | 58,419 | $36.7M | Reduce -28.9% |
| MRSH Marsh & McLennan Cos | 0.15% | 172,387 | $36.6M | Add +100.9% |
| PGR Progressive Corp. | 0.15% | 151,983 | $36.4M | Add +49.0% |
Options reported separately and not counted above: DLTR calls ($131.1M), NBR calls ($248K), OABI calls ($79K).
Portfolio Sells Q3 2024 → Q4 2024
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −1.39 |
| PG The Procter & Gamble Co. | Reduce -47.7% | 0.52% | −0.79 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.72 |
| CMCSA Comcast Corp. Class A | Reduce -72.4% | 0.15% | −0.62 |
| XLF SS Financial Select Sector | Reduce -66.2% | 0.21% | −0.54 |
| UNH Unitedhealth Group Inc. | Reduce -3.5% | 1.01% | −0.53 |
| ABBV Abbvie Inc. | Reduce -22.7% | 0.61% | −0.51 |
| NSC Norfolk Southern Corp. | Reduce -92.0% | 0.03% | −0.45 |
| PM Philip Morris International | Reduce -64.7% | 0.16% | −0.43 |
| DOW Dow Inc. | Reduce -93.3% | 0.01% | −0.37 |
| TMO Thermo Fisher Scientific Inc. | Reduce -12.5% | 0.46% | −0.34 |
| MLM Martin Marietta Materials | Reduce -50.8% | 0.20% | −0.33 |
| LOW Lowe's Cos Inc. | Reduce -15.0% | 0.47% | −0.31 |
| ETN Eaton Corp. PLC | Reduce -18.2% | 0.53% | −0.30 |
| CDW CDW Corp. | Reduce -76.3% | 0.05% | −0.28 |
| CM Can Imperial BK of Commerce | Reduce -0.9% | 0.98% | −0.25 |
| MCHP Microchip Technology Inc. | Reduce -87.3% | 0.02% | −0.25 |
| FDX FedEx Corp. | Reduce -85.5% | 0.03% | −0.25 |
| FTS Fortis Inc. | Reduce -0.5% | 0.59% | −0.24 |
| CEG Constellation Energy | Reduce -37.6% | 0.15% | −0.21 |
| ROST Ross Stores Inc. | Reduce -21.0% | 0.32% | −0.19 |
| DPZ Domino's Pizza Inc. | Reduce -94.9% | 0.01% | −0.19 |
| AMAT Applied Materials Inc. | Reduce -38.6% | 0.12% | −0.19 |
| JNJ Johnson & Johnson | Reduce -14.3% | 0.27% | −0.18 |
| SBUX Starbucks Corp. | Reduce -68.5% | 0.05% | −0.18 |
| AXP American Express Co. | Reduce -21.0% | 0.38% | −0.18 |
| PWR Quanta Services Inc. | Reduce -27.1% | 0.27% | −0.18 |
| MU Micron Technology Inc. | Reduce -35.1% | 0.12% | −0.18 |
| VST Vistra Corp. | Reduce -52.4% | 0.13% | −0.17 |
| HD Home Depot Inc. | Reduce -26.2% | 0.20% | −0.16 |
| LRCX Lam Research Corp. | Reduce -62.0% | 0.06% | −0.16 |
| KVUE Kenvue Inc. | Reduce -83.0% | 0.02% | −0.16 |
| ZTS Zoetis Inc. | Reduce -68.7% | 0.04% | −0.15 |
| ROP Roper Technologies Inc. | Reduce -74.8% | 0.03% | −0.15 |
| TMUS T-Mobile US Inc. | Reduce -3.3% | 0.64% | −0.15 |
| SPGI S&P Global Inc. | Reduce -28.8% | 0.17% | −0.15 |
| KMB Kimberly-Clark Corp. | Reduce -81.4% | 0.02% | −0.15 |
| PDD PDD Holdings Inc. | Reduce -18.2% | 0.12% | −0.14 |
| INTU Intuit Inc. | Reduce -28.9% | 0.16% | −0.12 |
| PFE Pfizer Inc. | Reduce -22.9% | 0.15% | −0.12 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.12 |
| SYY Sysco Corp. | Reduce -80.5% | 0.02% | −0.11 |
| KDP Keurig Dr Pepper Inc. | Reduce -18.6% | 0.13% | −0.11 |
| HTHT H World Group Ltd.-ADR | Reduce -88.6% | 0.01% | −0.10 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −0.10 |
| CRS Carpenter Technology | Sold out | 0.00% | −0.09 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.09 |
| GEHC GE Healthcare Technology | Reduce -71.5% | 0.02% | −0.08 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.08 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -1.3% | 0.11% | −0.08 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +47.3% | 5.14% | +1.11 |
| TSLA Tesla Inc. | Add +100.3% | 1.18% | +0.69 |
| NOW ServiceNow Inc. | Add +1666.7% | 0.72% | +0.68 |
| WMT Walmart Inc. | Add +108.9% | 1.16% | +0.53 |
| AVGO Broadcom Inc. | Add +22.9% | 2.18% | +0.49 |
| GOOG Alphabet Inc. Class C | Add +247.6% | 0.72% | +0.49 |
| FISV Fiserv Inc. | Add +2307.8% | 0.50% | +0.48 |
| META Meta Platforms Inc. Class A | Add +58.9% | 2.05% | +0.44 |
| TJX TJX Companies Inc. | Add +1698.0% | 0.45% | +0.42 |
| ADI Analog Devices Inc. | Add +2131.7% | 0.43% | +0.41 |
| MSI Motorola Solutions Inc. | Add +2551.8% | 0.38% | +0.36 |
| LIN Linde PLC | Add +958.1% | 0.39% | +0.34 |
| MRK Merck & Co. Inc. | Add +108.7% | 1.04% | +0.31 |
| ARGX Argenx SE - ADR | New | 0.28% | +0.28 |
| AMZN Amazon.com Inc. | Add +20.4% | 2.63% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +588.8% | 0.26% | +0.21 |
| ACN Accenture PLC Class A | Add +542.6% | 0.26% | +0.21 |
| DIS The Walt Disney Co. | Add +576.0% | 0.25% | +0.21 |
| ABT Abbott Laboratories | Add +139.5% | 0.43% | +0.20 |
| LEN Lennar Corp. Class A | Add +517.0% | 0.27% | +0.19 |
| CSCO Cisco Systems Inc. | Add +402.7% | 0.22% | +0.17 |
| PLD Prologis Inc. | Add +284.3% | 0.28% | +0.17 |
| EQIX Equinix Inc. | Add +268.6% | 0.24% | +0.16 |
| NFLX Netflix Inc. | Add +233.9% | 0.23% | +0.16 |
| V Visa Inc. Class A | Add +33.2% | 0.97% | +0.16 |
| BAC Bank of America Corp. | Add +51.8% | 0.66% | +0.16 |
| TXN Texas Instruments Inc. | Add +527.8% | 0.20% | +0.15 |
| DLR Digital Realty Trust Inc. | Add +368.0% | 0.19% | +0.14 |
| COST Costco Wholesale Corp. | Add +91.7% | 0.39% | +0.14 |
| NEE Nextera Energy Inc. | Add +163.2% | 0.29% | +0.12 |
| SPOT Spotify Technology SA | Add +59.1% | 0.36% | +0.12 |
| SLB SLB Ltd. | Add +335.8% | 0.17% | +0.12 |
| SHW The Sherwin-Williams Co. | Add +929.8% | 0.13% | +0.11 |
| CCI Crown Castle Inc. | Add +452.0% | 0.16% | +0.11 |
| MAR Marriott International Class A | Add +1044.7% | 0.12% | +0.11 |
| IJR iShares Core S&P Small-Cap E | Add +796.8% | 0.13% | +0.11 |
| NEM Newmont Corp. | Add +1409.6% | 0.12% | +0.10 |
| WFC Wells Fargo & Co. | Add +20.2% | 0.71% | +0.10 |
| BX Blackstone Inc. | Add +124.6% | 0.21% | +0.10 |
| KMI Kinder Morgan Inc. | Add +260.4% | 0.14% | +0.10 |
| ORCL Oracle Corp. | Add +55.5% | 0.59% | +0.09 |
| T AT&T Inc. | Add +54.2% | 0.47% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +17.9% | 1.82% | +0.09 |
| KO The Coca-Cola Co. | Add +291.2% | 0.14% | +0.09 |
| ELV Elevance Health Inc. | Add +649.9% | 0.12% | +0.09 |
| ADBE Adobe Inc. | Add +286.0% | 0.14% | +0.09 |
| AMP Ameriprise Financial Inc. | Add +230.5% | 0.13% | +0.08 |
| RTX RTX Corp. | Add +328.9% | 0.12% | +0.08 |
| MA Mastercard Inc. Class A | Add +36.0% | 0.70% | +0.08 |
| ECL Ecolab Inc. | Add +831.4% | 0.10% | +0.08 |
Options Activity Q3 2024 → Q4 2024
| DLTR Dollar Tree Inc. | call | New | 1,750,000 | $131.1M |
| DLTR Dollar Tree Inc. | put | Sold out | 303,000 | $21.3Mbefore exit |
| CRWD CrowdStrike Holdings Inc. Class A | call | Sold out | 25,000 | $7.0Mbefore 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 |