Tacita Capital Inc
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Tacita Capital Inc reported 215 stock positions worth $172.6 million. Its top holding was iShares MSCI Global Min Vol (ACWV) at 6.1% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 4.7%) and Brookfield (BN, 4.7%). Compared with Q3 2025, it opened 8 new positions, sold out of 6, added to 52 and reduced 63. The biggest buy was a new position in Enerflex (EFXT) and the biggest sale RB Global (RBA, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001846287
- Portfolio Value
- $172.6M (Q4 2025)
- SEC Filing
- 0001846287-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 215 stocks · $172.6M
| ACWV iShares MSCI Global Min Vol | 6.06% | 88,082 | $10.5M | Add +2.6% |
| MTUM iShares MSCI USA Momentum Fa | 4.75% | 32,731 | $8.2M | Reduce -0.6% |
| BN Brookfield Corp. | 4.74% | 178,150 | $8.2M | Add +3.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 4.34% | 35,337 | $7.5M | Reduce -0.3% |
| MOAT Vaneck Morningstar Wide Moat | 3.83% | 63,891 | $6.6M | Reduce -0.3% |
| RY Royal Bank of Canada | 3.47% | 35,117 | $6.0M | Add +1.3% |
| IEMG iShares Core MSCI Emerging | 3.16% | 81,056 | $5.4M | Add +0.3% |
| IMTM iShares MSCI Intl Momentum F | 3.03% | 109,081 | $5.2M | Reduce -0.5% |
| QUAL iShares MSCI USA Quality Fac | 2.91% | 25,258 | $5.0M | Reduce -0.3% |
| BIP Brookfield Infrastructure Pa | 2.88% | 143,021 | $5.0M | Add +0.5% |
| IQLT iShares MSCI International Q | 2.70% | 102,629 | $4.7M | Add +3.3% |
| TD Toronto-Dominion Bank | 2.55% | 46,614 | $4.4M | Add +1.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.45% | 23,851 | $4.2M | Reduce -0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.12% | 19,163 | $3.7M | Reduce -1.3% |
| TRP TC Energy Corp. | 2.08% | 65,226 | $3.6M | Add +0.6% |
| ENB Enbridge Inc. | 1.97% | 70,871 | $3.4M | Add +11.8% |
| GRTUF Granite Real Estate Investme | 1.90% | 55,101 | $3.3M | No change |
| BEP Brookfield Renewable Partner | 1.87% | 119,101 | $3.2M | Add +0.7% |
| IVLU iShares MSCI International V | 1.87% | 84,616 | $3.2M | Reduce -0.9% |
| USMV iShares MSCI USA Min Vol Fac | 1.75% | 32,065 | $3.0M | Reduce -2.9% |
| FTS Fortis Inc. | 1.74% | 57,596 | $3.0M | Add +1.3% |
| BAM Brookfield Asset Mgmt-A | 1.68% | 55,331 | $2.9M | Add +6.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.66% | 38,943 | $2.9M | Add +15.4% |
| EMA Emera Inc. | 1.63% | 57,086 | $2.8M | No change |
| VTI VG Morningstar TS MKT ETF-US | 1.59% | 8,204 | $2.8M | No change |
| TAC Transalta Corp. | 1.53% | 208,307 | $2.6M | Reduce -5.0% |
| PBA Pembina Pipeline Corp. | 1.14% | 51,774 | $2.0M | Add +0.2% |
| MSFT Microsoft Corp. | 1.14% | 4,066 | $2.0M | Reduce -3.9% |
| CNI Canadian Natl Railway Co. | 1.14% | 19,809 | $2.0M | Add +0.6% |
| CLS Celestica Inc. | 1.06% | 6,183 | $1.8M | Reduce -5.1% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.00% | 13,962 | $1.7M | Add +60.3% |
| AAPL Apple Inc. | 0.93% | 5,879 | $1.6M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 2,860 | $1.4M | Reduce -0.9% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.79% | 15,759 | $1.4M | No change |
| KGC Kinross Gold Corp. | 0.78% | 47,895 | $1.3M | Reduce -13.7% |
| FNV Franco-Nevada Corp. | 0.78% | 6,461 | $1.3M | Add +16.4% |
| GOOG Alphabet Inc. Class C | 0.76% | 4,197 | $1.3M | Add +2.3% |
| PRMB Primo Brands Corp. | 0.75% | 79,500 | $1.3M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.65% | 8,656 | $1.1M | Add +3.5% |
| MFC Manulife Financial Corp. | 0.62% | 29,254 | $1.1M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.60% | 3,226 | $1.0M | Add +3.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.59% | 11,298 | $1.0M | Add +9.0% |
| DLR Digital Realty Trust Inc. | 0.55% | 6,166 | $954K | Add +56.7% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.52% | 66,483 | $895K | No change |
| HDV iShares Core High Dividend E | 0.51% | 7,255 | $882K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.50% | 5,068 | $860K | Reduce -0.0% |
| WPM Wheaton Precious Metals Corp. | 0.49% | 7,245 | $852K | Reduce -1.4% |
| NGD New Gold Inc. | 0.47% | 93,087 | $812K | No change |
| EFXT Enerflex Ltd. | 0.46% | 51,368 | $792K | New |
| SHOP Shopify Inc. Class A | 0.43% | 4,651 | $749K | Add +0.7% |
| GIL Gildan Activewear Inc. | 0.41% | 11,250 | $704K | Add +1.9% |
| AMT American Tower Corp. | 0.40% | 3,924 | $689K | Add +17.3% |
| EQIX Equinix Inc. | 0.39% | 877 | $672K | Add +2.2% |
| IAU iShares Gold Trust | 0.37% | 7,777 | $631K | No change |
| ARKQ ARK Autonomous Tech & Robot | 0.35% | 5,300 | $608K | No change |
| JNJ Johnson & Johnson | 0.35% | 2,892 | $598K | Add +3.1% |
| RCI Rogers Communications Inc. Class B | 0.34% | 15,501 | $585K | Add +54.5% |
| BCE Bce Inc. | 0.34% | 24,290 | $580K | Reduce -0.1% |
| MCD McDonald's Corp. | 0.33% | 1,845 | $564K | Reduce -2.3% |
| CCJ Cameco Corp. | 0.31% | 5,867 | $538K | Add +738.1% |
| MGA Magna International Inc. | 0.31% | 9,986 | $533K | Add +136.3% |
| TRI Thomson Reuters Corp. | 0.29% | 3,736 | $493K | Reduce -45.0% |
| DOO BRP Inc./Ca- Sub Voting | 0.27% | 6,660 | $471K | New |
| SLF Sun Life Financial Inc. | 0.26% | 7,172 | $448K | Add +51.5% |
| WCN Waste Connections Inc. | 0.23% | 2,307 | $405K | Reduce -54.7% |
| COST Costco Wholesale Corp. | 0.22% | 432 | $373K | Add +4.6% |
| PG The Procter & Gamble Co. | 0.21% | 2,500 | $358K | No change |
| PEP Pepsico Inc. | 0.20% | 2,420 | $347K | Add +7.4% |
| QSR Restaurant Brands Intern | 0.20% | 5,061 | $346K | Add +8.3% |
| META Meta Platforms Inc. Class A | 0.20% | 521 | $344K | Add +9.2% |
| V Visa Inc. Class A | 0.20% | 978 | $343K | Add +11.6% |
| AMZN Amazon.com Inc. | 0.20% | 1,473 | $340K | Add +12.4% |
| ADP Automatic Data Processing | 0.18% | 1,200 | $309K | No change |
| SBUX Starbucks Corp. | 0.15% | 3,166 | $267K | No change |
| NTR Nutrien Ltd. | 0.15% | 4,244 | $262K | Reduce -5.6% |
| B Barrick Mining Corp. | 0.15% | 5,962 | $260K | New |
| UL Unilever PLC-Sponsored ADR | 0.15% | 3,909 | $256K | Reduce -10.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.14% | 3,365 | $248K | No change |
| NSC Norfolk Southern Corp. | 0.14% | 850 | $245K | No change |
| XLP SS Consumer Staples Sel Sect | 0.14% | 3,000 | $233K | No change |
| VT Vanguard Tot World STK ETF | 0.13% | 1,608 | $227K | No change |
| TU Telus Corp. | 0.12% | 16,354 | $216K | Reduce -2.7% |
| VYM Vanguard High DVD Yield ETF | 0.12% | 1,390 | $199K | No change |
| DE Deere & Co. | 0.11% | 425 | $198K | Reduce -32.0% |
| CNQ Canadian Natural Resources | 0.11% | 5,737 | $194K | Reduce -0.3% |
| ABT Abbott Laboratories | 0.11% | 1,547 | $194K | No change |
| VTHR Vanguard Russell 3000 | 0.11% | 625 | $188K | No change |
| WMT Walmart Inc. | 0.11% | 1,650 | $184K | No change |
| NVS Novartis AG-Sponsored ADR | 0.10% | 1,200 | $165K | No change |
| SOXX iShares Semiconductor ETF | 0.09% | 540 | $163K | No change |
| IXUS iShares Core Intl Stock ETF | 0.09% | 1,919 | $162K | No change |
| RTX RTX Corp. | 0.09% | 847 | $155K | Add +12.9% |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 2,833 | $152K | No change |
| AQN Algonquin Power & Utilities | 0.09% | 24,111 | $148K | Add +257.2% |
| VRSN Verisign Inc. | 0.08% | 550 | $134K | No change |
| GOOGL Alphabet Inc. Class A | 0.08% | 416 | $130K | No change |
| SSRM SSR Mining Inc. | 0.07% | 5,444 | $119K | Reduce -7.8% |
| GLD SPDR Gold Shares | 0.07% | 300 | $119K | No change |
| NVDA Nvidia Corp. | 0.07% | 614 | $115K | Add +39.5% |
| BSX Boston Scientific Corp. | 0.07% | 1,200 | $114K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $640 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 990 | $640 | No change |
Total filed on the 13F, all lines: $172.6M.
Portfolio Sells Q3 2025 → Q4 2025
| RBA RB Global Inc. | Reduce -96.7% | 0.01% | −0.40 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -0.6% | 4.75% | −0.36 |
| TRI Thomson Reuters Corp. | Reduce -45.0% | 0.29% | −0.35 |
| WCN Waste Connections Inc. | Reduce -54.7% | 0.23% | −0.31 |
| TAC Transalta Corp. | Reduce -5.0% | 1.53% | −0.28 |
| MSFT Microsoft Corp. | Reduce -3.9% | 1.14% | −0.19 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.9% | 1.75% | −0.15 |
| IMTM iShares MSCI Intl Momentum F | Reduce -0.5% | 3.03% | −0.14 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.3% | 4.34% | −0.13 |
| ORCL Oracle Corp. | Reduce -56.2% | 0.05% | −0.11 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -0.5% | 2.45% | −0.08 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.3% | 2.91% | −0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.3% | 2.12% | −0.07 |
| DE Deere & Co. | Reduce -32.0% | 0.11% | −0.06 |
| KGC Kinross Gold Corp. | Reduce -13.7% | 0.78% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 0.83% | −0.04 |
| TU Telus Corp. | Reduce -2.7% | 0.12% | −0.04 |
| UL Unilever PLC-Sponsored ADR | Reduce -10.2% | 0.15% | −0.03 |
| MCD McDonald's Corp. | Reduce -2.3% | 0.33% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.0% | 0.50% | −0.02 |
| SSRM SSR Mining Inc. | Reduce -7.8% | 0.07% | −0.02 |
| SYY Sysco Corp. | Reduce -33.9% | 0.02% | −0.01 |
| HD Home Depot Inc. | Reduce -4.1% | 0.05% | −0.01 |
| PSX Phillips 66 | Reduce -31.9% | 0.02% | −0.01 |
| MAR Marriott International Class A | Reduce -55.0% | 0.01% | −0.01 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.01 |
| AZO AutoZone Inc. | Reduce -16.7% | 0.02% | −0.01 |
| MO Altria Group Inc. | Reduce -7.3% | 0.04% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -5.5% | 0.03% | −0.01 |
| AFL Aflac Inc. | Reduce -24.8% | 0.02% | −0.01 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.01 |
| IMO Imperial Oil Ltd. | Reduce -8.3% | 0.04% | −0.01 |
| SII Sprott Inc. | Reduce -30.1% | 0.03% | −0.01 |
| HPQ HP Inc. | Reduce -16.7% | 0.02% | −0.01 |
| BCE Bce Inc. | Reduce -0.1% | 0.34% | −0.01 |
| NTR Nutrien Ltd. | Reduce -5.6% | 0.15% | −0.01 |
| PM Philip Morris International | Reduce -9.8% | 0.04% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -21.8% | 0.02% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -2.9% | 0.06% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -16.0% | 0.02% | −0.01 |
| PFE Pfizer Inc. | Reduce -10.1% | 0.04% | −0.01 |
| ITW Illinois Tool Works | Reduce -20.1% | 0.02% | −0.01 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.3% | 3.83% | −0.01 |
| ABBV Abbvie Inc. | Reduce -16.7% | 0.02% | −0.01 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -15.1% | 0.06% | −0.01 |
| MET Metlife Inc. | Reduce -7.1% | 0.03% | −0.01 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -7.1% | 0.04% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -5.6% | 0.04% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| EFXT Enerflex Ltd. | New | 0.46% | +0.46 |
| RY Royal Bank of Canada | Add +1.3% | 3.47% | +0.38 |
| BNS Bank of Nova Scotia | Add +15.4% | 1.66% | +0.35 |
| TD Toronto-Dominion Bank | Add +1.8% | 2.55% | +0.33 |
| SUI Sun Communities Inc. | Add +60.3% | 1.00% | +0.32 |
| CCJ Cameco Corp. | Add +738.1% | 0.31% | +0.28 |
| DOO BRP Inc./Ca- Sub Voting | New | 0.27% | +0.27 |
| MGA Magna International Inc. | Add +136.3% | 0.31% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +2.3% | 0.76% | +0.16 |
| B Barrick Mining Corp. | New | 0.15% | +0.15 |
| DLR Digital Realty Trust Inc. | Add +56.7% | 0.55% | +0.14 |
| RCI Rogers Communications Inc. Class B | Add +54.5% | 0.34% | +0.13 |
| CM Can Imperial BK of Commerce | Add +9.0% | 0.59% | +0.09 |
| SLF Sun Life Financial Inc. | Add +51.5% | 0.26% | +0.09 |
| MFC Manulife Financial Corp. | Add +0.1% | 0.62% | +0.07 |
| AQN Algonquin Power & Utilities | Add +257.2% | 0.09% | +0.06 |
| IQLT iShares MSCI International Q | Add +3.3% | 2.70% | +0.05 |
| BIP Brookfield Infrastructure Pa | Add +0.5% | 2.88% | +0.05 |
| AAPL Apple Inc. | Add +2.8% | 0.93% | +0.05 |
| JNJ Johnson & Johnson | Add +3.1% | 0.35% | +0.03 |
| ENB Enbridge Inc. | Add +11.8% | 1.97% | +0.03 |
| FNV Franco-Nevada Corp. | Add +16.4% | 0.78% | +0.03 |
| AMGN Amgen Inc. | Add +311.1% | 0.04% | +0.03 |
| AMZN Amazon.com Inc. | Add +12.4% | 0.20% | +0.02 |
| GIL Gildan Activewear Inc. | Add +1.9% | 0.41% | +0.02 |
| BEP Brookfield Renewable Partner | Add +0.7% | 1.87% | +0.02 |
| SHOP Shopify Inc. Class A | Add +0.7% | 0.43% | +0.02 |
| QSR Restaurant Brands Intern | Add +8.3% | 0.20% | +0.02 |
| V Visa Inc. Class A | Add +11.6% | 0.20% | +0.02 |
| NVDA Nvidia Corp. | Add +39.5% | 0.07% | +0.02 |
| RTX RTX Corp. | Add +12.9% | 0.09% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +31.0% | 0.04% | +0.01 |
| CNI Canadian Natl Railway Co. | Add +0.6% | 1.14% | +0.01 |
| APH Amphenol Corp. Class A | Add +145.6% | 0.02% | +0.01 |
| AMT American Tower Corp. | Add +17.3% | 0.40% | +0.01 |
| CAT Caterpillar Inc. | Add +6.3% | 0.06% | +0.01 |
| PEP Pepsico Inc. | Add +7.4% | 0.20% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +3.3% | 0.60% | +0.01 |
| DLTR Dollar Tree Inc. | Add +3.6% | 0.03% | +0.01 |
| MMM 3M Co. | Add +75.9% | 0.01% | +0.01 |
| DIS The Walt Disney Co. | Add +69.2% | 0.01% | +0.01 |
| COP Conocophillips | Add +14.9% | 0.03% | +0.00 |
| BDX Becton Dickinson and Co. | Add +3.8% | 0.05% | +0.00 |
| TECK Teck Resources Ltd.-CLS B | Add +3.4% | 0.01% | +0.00 |
| AMAT Applied Materials Inc. | New | 0.00% | +0.00 |
| OTEX Open Text Corp. | New | 0.00% | +0.00 |
| MEOH Methanex Corp. | New | 0.00% | +0.00 |
| BIPC Brookfield Infrastructure-A | New | 0.00% | +0.00 |
| BEPC Brookfield Renewable Corp. | New | 0.00% | +0.00 |
| BMO Bank of Montreal | Add +3.5% | 0.65% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 213 | $184.2M | ACWV, MTUM, VBR, BN, RY |
| Q1 2026 | 237 | $168.9M | ACWV, MTUM, VBR, BN, RY |
| Q4 2025 | 215 | $172.6M | ACWV, MTUM, BN, VBR, MOAT |
| Q3 2025 | 212 | $165.5M | ACWV, MTUM, BN, VBR, MOAT |
| Q2 2025 | 214 | $155.5M | ACWV, MTUM, BN, VBR, MOAT |
| Q1 2025 | 207 | $138.8M | ACWV, MTUM, VBR, BN, MOAT |
| Q4 2024 | 204 | $140.1M | ACWV, MTUM, VBR, BN, MOAT |
| Q3 2024 | 200 | $153.3M | ACWV, MTUM, VBR, MOAT, BN |
| Q2 2024 | 208 | $141.5M | ACWV, MTUM, VBR, MOAT, IEMG |
| Q1 2024 | 213 | $144.1M | MTUM, VBR, ACWV, QUAL, IEMG |