TD Asset Management Inc
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), TD Asset Management Inc reported 1,213 stock positions worth $108.6 billion. Its top holding was Apple (AAPL) at 3.7% of the portfolio, followed by Royal Bank of Canada (RY, 3.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.3%). Compared with Q4 2024, it opened 47 new positions, sold out of 75, added to 538 and reduced 575. The biggest buy was Agnico Eagle Mines (AEM, shares +43%) and the biggest sale Nvidia (NVDA, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001056053
- Portfolio Value
- $108.6B (Q1 2025)
- SEC Filing
- 0000950123-25-004199 ↗ filed May 7, 2025
Holdings Value
Holdings 1,213 stocks · $108.6B
| AAPL Apple Inc. | 3.73% | 18,226,914 | $4.0B | Reduce -1.5% |
| RY Royal Bank of Canada | 3.27% | 31,515,404 | $3.5B | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.26% | 6,339,188 | $3.5B | Reduce -3.0% |
| MSFT Microsoft Corp. | 3.18% | 9,217,665 | $3.5B | Reduce -2.6% |
| NVDA Nvidia Corp. | 2.53% | 25,382,969 | $2.8B | Reduce -9.2% |
| TD Toronto-Dominion Bank | 2.04% | 37,035,579 | $2.2B | Add +0.4% |
| META Meta Platforms Inc. Class A | 1.94% | 3,655,188 | $2.1B | Add +1.0% |
| ENB Enbridge Inc. | 1.60% | 39,265,817 | $1.7B | Add +1.3% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.52% | 17,301,762 | $1.7B | Reduce -1.8% |
| AMZN Amazon.com Inc. | 1.47% | 8,382,783 | $1.6B | Reduce -1.9% |
| V Visa Inc. Class A | 1.41% | 4,355,948 | $1.5B | Add +15.0% |
| CP Canadian Pacific Kansas City | 1.35% | 20,865,404 | $1.5B | Add +0.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.19% | 23,011,149 | $1.3B | Reduce -2.5% |
| BN Brookfield Corp. | 1.18% | 24,584,311 | $1.3B | Add +1.5% |
| CNQ Canadian Natural Resources | 1.17% | 41,264,192 | $1.3B | Reduce -2.9% |
| JPM JPMorgan Chase & Co. | 1.14% | 5,068,154 | $1.2B | Add +2.2% |
| MFC Manulife Financial Corp. | 1.06% | 37,093,064 | $1.2B | Add +6.6% |
| CNI Canadian Natl Railway Co. | 1.06% | 11,798,566 | $1.1B | Add +0.3% |
| AVGO Broadcom Inc. | 1.01% | 6,533,472 | $1.1B | Reduce -17.2% |
| LLY Eli Lilly & Co. | 0.99% | 1,303,146 | $1.1B | Add +3.6% |
| COST Costco Wholesale Corp. | 0.98% | 1,129,346 | $1.1B | Reduce -5.8% |
| SU Suncor Energy Inc. | 0.95% | 26,791,678 | $1.0B | Reduce -2.7% |
| AEM Agnico Eagle Mines Ltd. | 0.90% | 9,033,296 | $978.6M | Add +42.8% |
| TRI Thomson Reuters Corp. | 0.88% | 5,514,492 | $951.5M | Add +15.7% |
| SLF Sun Life Financial Inc. | 0.85% | 16,100,340 | $921.3M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 0.81% | 5,703,165 | $881.9M | Add +16.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.79% | 18,188,643 | $862.3M | Reduce -4.1% |
| SHOP Shopify Inc. Class A | 0.77% | 8,809,783 | $838.2M | Reduce -2.6% |
| TRP TC Energy Corp. | 0.76% | 17,455,740 | $824.2M | Add +6.2% |
| WCN Waste Connections Inc. | 0.69% | 3,819,259 | $744.4M | Add +3.3% |
| BAM Brookfield Asset Mgmt-A | 0.68% | 15,339,316 | $742.4M | Reduce -8.0% |
| UNH Unitedhealth Group Inc. | 0.64% | 1,333,797 | $698.6M | Reduce -39.7% |
| EFA iShares MSCI Eafe ETF | 0.64% | 8,517,440 | $696.1M | Add +29.7% |
| ABBV Abbvie Inc. | 0.62% | 3,223,375 | $675.4M | Add +19.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.59% | 1,378,074 | $646.2M | Add +18.1% |
| GOOG Alphabet Inc. Class C | 0.57% | 3,932,704 | $614.4M | Reduce -5.4% |
| TMUS T-Mobile US Inc. | 0.55% | 2,222,955 | $592.9M | Reduce -4.5% |
| HD Home Depot Inc. | 0.55% | 1,617,053 | $592.6M | Reduce -1.7% |
| PGR Progressive Corp. | 0.54% | 2,079,820 | $588.6M | Add +14.6% |
| FTS Fortis Inc. | 0.54% | 12,870,736 | $586.2M | Add +4.9% |
| WPM Wheaton Precious Metals Corp. | 0.54% | 7,512,351 | $582.9M | Add +5.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.54% | 4,781,440 | $582.4M | Reduce -1.2% |
| AXP American Express Co. | 0.52% | 2,113,374 | $568.6M | Reduce -8.1% |
| MA Mastercard Inc. Class A | 0.50% | 997,318 | $546.6M | Add +2.3% |
| NFLX Netflix Inc. | 0.49% | 576,009 | $537.1M | Add +0.1% |
| MCK McKesson Corp. | 0.49% | 783,405 | $527.2M | Add +25.6% |
| TU Telus Corp. | 0.48% | 36,410,309 | $522.2M | Reduce -5.3% |
| XOM Exxon Mobil Corp. | 0.46% | 4,241,580 | $504.5M | Reduce -0.9% |
| RSG Republic Services Inc. | 0.46% | 2,043,812 | $494.9M | Add +12.4% |
| PG The Procter & Gamble Co. | 0.45% | 2,840,926 | $484.2M | Reduce -9.4% |
| BKNG Booking Holdings Inc. | 0.44% | 104,643 | $482.1M | Add +182.2% |
| SYK Stryker Corp. | 0.43% | 1,259,437 | $468.8M | Reduce -0.4% |
| VRSK Verisk Analytics Inc. | 0.42% | 1,537,613 | $457.6M | Add +4.8% |
| LNG Cheniere Energy Inc. | 0.42% | 1,962,006 | $454.0M | Add +6.5% |
| MCD McDonald's Corp. | 0.41% | 1,431,043 | $447.0M | Add +10.3% |
| SAP Sap SE-Sponsored ADR | 0.41% | 1,662,809 | $446.4M | Add +3.8% |
| MSI Motorola Solutions Inc. | 0.39% | 967,163 | $423.4M | Add +0.5% |
| CVE Cenovus Energy Inc. | 0.37% | 29,296,265 | $407.1M | Reduce -13.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.36% | 1,738,452 | $395.6M | Reduce -10.3% |
| TSLA Tesla Inc. | 0.36% | 1,514,991 | $392.6M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 717,525 | $382.1M | Reduce -10.1% |
| HWM Howmet Aerospace Inc. | 0.35% | 2,900,226 | $376.2M | Reduce -13.8% |
| EZU iShares MSCI Eurozone ETF | 0.33% | 6,758,625 | $359.9M | Add +49.7% |
| IMO Imperial Oil Ltd. | 0.32% | 4,873,843 | $352.0M | Add +1.0% |
| B Barrick Gold Corp. | 0.32% | 17,950,892 | $348.5M | Add +1.6% |
| CRH CRH PLC | 0.30% | 3,729,716 | $327.9M | Add +2.1% |
| TT Trane Technologies PLC | 0.30% | 970,449 | $327.0M | Reduce -10.1% |
| QCOM Qualcomm Inc. | 0.30% | 2,094,454 | $321.7M | Add +0.5% |
| CL Colgate-Palmolive Co. | 0.30% | 3,425,111 | $320.9M | Reduce -0.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.29% | 918,009 | $316.9M | Add +2.8% |
| QSR Restaurant Brands Intern | 0.28% | 4,631,461 | $308.7M | Add +29.4% |
| YUM Yum! Brands Inc. | 0.28% | 1,954,145 | $307.5M | Add +1.4% |
| NTR Nutrien Ltd. | 0.28% | 6,179,358 | $306.6M | Add +10.0% |
| MCO Moody's Corp. | 0.28% | 658,443 | $306.6M | Add +8.5% |
| FNV Franco-Nevada Corp. | 0.28% | 1,926,670 | $303.0M | Add +6.8% |
| PAYX Paychex Inc. | 0.27% | 1,934,337 | $298.4M | Reduce -2.0% |
| UNP Union Pacific Corp. | 0.27% | 1,260,449 | $297.8M | Reduce -4.3% |
| EWJ iShares MSCI Japan ETF | 0.27% | 4,215,038 | $289.0M | Reduce -10.0% |
| GEV GE Vernova Inc. | 0.26% | 926,842 | $282.9M | Add +627.2% |
| SBUX Starbucks Corp. | 0.26% | 2,845,018 | $279.1M | Add +36.5% |
| PBA Pembina Pipeline Corp. | 0.26% | 6,950,836 | $278.0M | Add +2.4% |
| GILD Gilead Sciences Inc. | 0.24% | 2,364,202 | $264.9M | Add +116.4% |
| JNJ Johnson & Johnson | 0.24% | 1,592,453 | $264.1M | Reduce -7.3% |
| ETR Entergy Corp. | 0.24% | 3,055,698 | $261.2M | Add +964.8% |
| ZTS Zoetis Inc. | 0.24% | 1,583,749 | $260.8M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 0.23% | 917,623 | $249.4M | Reduce -52.6% |
| ADP Automatic Data Processing | 0.23% | 807,580 | $246.7M | Add +2.2% |
| AMP Ameriprise Financial Inc. | 0.22% | 498,250 | $241.2M | Reduce -19.2% |
| WMT Walmart Inc. | 0.22% | 2,740,587 | $240.6M | Reduce -0.7% |
| DPZ Domino's Pizza Inc. | 0.22% | 523,515 | $240.5M | Reduce -8.0% |
| MNST Monster Beverage Corp. | 0.22% | 4,090,539 | $239.4M | Reduce -3.0% |
| MRSH Marsh & McLennan Cos | 0.22% | 968,810 | $236.4M | Add +18.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 485,856 | $235.6M | Add +3.6% |
| ORLY O'reilly Automotive Inc. | 0.22% | 164,291 | $235.4M | Reduce -2.0% |
| XLF SS Financial Select Sector | 0.22% | 4,713,859 | $234.8M | Add +9.9% |
| GIB Cgi Inc. | 0.21% | 2,334,684 | $233.0M | Reduce -2.1% |
| HCA HCA Healthcare Inc. | 0.21% | 670,569 | $231.7M | Reduce -9.7% |
| ABT Abbott Laboratories | 0.21% | 1,746,373 | $231.7M | Add +43.6% |
| BIP Brookfield Infrastructure Pa | 0.21% | 7,765,641 | $231.0M | Add +0.2% |
| REGN Regeneron Pharmaceuticals | 0.21% | 351,887 | $223.2M | Reduce -2.1% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $10K (not counted above)
Total filed on the 13F, all lines: $108.6B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -9.2% | 2.53% | −0.79 |
| AVGO Broadcom Inc. | Reduce -17.2% | 1.01% | −0.61 |
| AAPL Apple Inc. | Reduce -1.5% | 3.73% | −0.37 |
| UNH Unitedhealth Group Inc. | Reduce -39.7% | 0.64% | −0.35 |
| MSFT Microsoft Corp. | Reduce -2.6% | 3.18% | −0.34 |
| ETN Eaton Corp. PLC | Reduce -52.6% | 0.23% | −0.34 |
| BKLN Invesco Senior Loan ETF | Reduce -72.8% | 0.10% | −0.25 |
| DHR Danaher Corp. | Reduce -59.0% | 0.12% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 1.47% | −0.19 |
| NEE Nextera Energy Inc. | Reduce -75.0% | 0.06% | −0.19 |
| APO Apollo Global Management Inc. | Reduce -41.9% | 0.18% | −0.18 |
| IRM Iron Mountain Inc. | Reduce -90.1% | 0.02% | −0.17 |
| ANET Arista Networks Inc. | Reduce -27.3% | 0.16% | −0.14 |
| GOOG Alphabet Inc. Class C | Reduce -5.4% | 0.57% | −0.14 |
| LIN Linde PLC | Reduce -52.6% | 0.16% | −0.13 |
| CM Can Imperial BK of Commerce | Reduce -2.5% | 1.19% | −0.13 |
| EVR Evercore Inc. Class A | Reduce -39.0% | 0.11% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.0% | 3.26% | −0.12 |
| DECK Deckers Outdoor Corp. | Reduce -14.4% | 0.11% | −0.12 |
| TTD Trade Desk Inc./the Class A | Reduce -39.6% | 0.05% | −0.12 |
| BAM Brookfield Asset Mgmt-A | Reduce -8.0% | 0.68% | −0.12 |
| BNS Bank of Nova Scotia | Reduce -4.1% | 0.79% | −0.11 |
| NOW ServiceNow Inc. | Reduce -18.6% | 0.18% | −0.10 |
| MRVL Marvell Technology Inc. | Reduce -28.1% | 0.07% | −0.10 |
| CVE Cenovus Energy Inc. | Reduce -13.9% | 0.37% | −0.08 |
| AXP American Express Co. | Reduce -8.1% | 0.52% | −0.08 |
| SHOP Shopify Inc. Class A | Reduce -2.6% | 0.77% | −0.08 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -70.6% | 0.03% | −0.08 |
| VST Vistra Corp. | Reduce -44.9% | 0.07% | −0.07 |
| RCI Rogers Communications Inc. Class B | Reduce -22.7% | 0.16% | −0.07 |
| AMP Ameriprise Financial Inc. | Reduce -19.2% | 0.22% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Reduce -58.5% | 0.05% | −0.07 |
| ADSK Autodesk Inc. | Reduce -67.6% | 0.03% | −0.06 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -10.3% | 0.36% | −0.06 |
| STZ Constellation Brands Inc. Class A | Reduce -65.7% | 0.02% | −0.05 |
| CRM Salesforce Inc. | Reduce -6.0% | 0.19% | −0.05 |
| TT Trane Technologies PLC | Reduce -10.1% | 0.30% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.05 |
| CSX CSX Corp. | Reduce -65.0% | 0.02% | −0.04 |
| ARES Ares Management Corp. Class A | Reduce -8.0% | 0.16% | −0.04 |
| BRKR Bruker Corp. | Reduce -43.4% | 0.03% | −0.04 |
| MGA Magna International Inc. | Reduce -6.3% | 0.16% | −0.04 |
| CW Curtiss-Wright Corp. | Reduce -10.0% | 0.20% | −0.04 |
| LPLA LPL Financial Holdings Inc. | Reduce -18.9% | 0.21% | −0.04 |
| TKO Tko Group Holdings Inc. | Reduce -35.9% | 0.09% | −0.04 |
| A Agilent Technologies Inc. | Reduce -13.4% | 0.13% | −0.03 |
| EPAM Epam Systems Inc. | Reduce -8.6% | 0.08% | −0.03 |
| MANH Manhattan Associates Inc. | Reduce -3.8% | 0.06% | −0.03 |
| EQIX Equinix Inc. | Reduce -41.0% | 0.03% | −0.03 |
| JCI Johnson Controls Internation | Reduce -63.9% | 0.02% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| AEM Agnico Eagle Mines Ltd. | Add +42.8% | 0.90% | +0.46 |
| V Visa Inc. Class A | Add +15.0% | 1.41% | +0.35 |
| TD Toronto-Dominion Bank | Add +0.4% | 2.04% | +0.31 |
| BKNG Booking Holdings Inc. | Add +182.2% | 0.44% | +0.28 |
| GEV GE Vernova Inc. | Add +627.2% | 0.26% | +0.22 |
| ETR Entergy Corp. | Add +964.8% | 0.24% | +0.22 |
| EFA iShares MSCI Eafe ETF | Add +29.7% | 0.64% | +0.20 |
| TRI Thomson Reuters Corp. | Add +15.7% | 0.88% | +0.20 |
| ABBV Abbvie Inc. | Add +19.7% | 0.62% | +0.20 |
| WPM Wheaton Precious Metals Corp. | Add +5.0% | 0.54% | +0.18 |
| MCK McKesson Corp. | Add +25.6% | 0.49% | +0.17 |
| PGR Progressive Corp. | Add +14.6% | 0.54% | +0.16 |
| GILD Gilead Sciences Inc. | Add +116.4% | 0.24% | +0.15 |
| ENB Enbridge Inc. | Add +1.3% | 1.60% | +0.14 |
| EZU iShares MSCI Eurozone ETF | Add +49.7% | 0.33% | +0.14 |
| RSG Republic Services Inc. | Add +12.4% | 0.46% | +0.13 |
| LLY Eli Lilly & Co. | Add +3.6% | 0.99% | +0.13 |
| WCN Waste Connections Inc. | Add +3.3% | 0.69% | +0.12 |
| MFC Manulife Financial Corp. | Add +6.6% | 1.06% | +0.12 |
| DE Deere & Co. | Add +199.3% | 0.13% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +2.2% | 1.14% | +0.09 |
| ABT Abbott Laboratories | Add +43.6% | 0.21% | +0.09 |
| FNV Franco-Nevada Corp. | Add +6.8% | 0.28% | +0.09 |
| FTS Fortis Inc. | Add +4.9% | 0.54% | +0.09 |
| SBUX Starbucks Corp. | Add +36.5% | 0.26% | +0.09 |
| TRP TC Energy Corp. | Add +6.2% | 0.76% | +0.08 |
| MCD McDonald's Corp. | Add +10.3% | 0.41% | +0.08 |
| B Barrick Gold Corp. | Add +1.6% | 0.32% | +0.08 |
| QSR Restaurant Brands Intern | Add +29.4% | 0.28% | +0.08 |
| TW Tradeweb Markets Inc. Class A | Add +217.5% | 0.10% | +0.07 |
| LNG Cheniere Energy Inc. | Add +6.5% | 0.42% | +0.07 |
| AJG Arthur J Gallagher & Co. | Add +2.8% | 0.29% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +18.1% | 0.59% | +0.07 |
| META Meta Platforms Inc. Class A | Add +1.0% | 1.94% | +0.06 |
| MRSH Marsh & McLennan Cos | Add +18.7% | 0.22% | +0.06 |
| VRSK Verisk Analytics Inc. | Add +4.8% | 0.42% | +0.06 |
| SAP Sap SE-Sponsored ADR | Add +3.8% | 0.41% | +0.06 |
| IMO Imperial Oil Ltd. | Add +1.0% | 0.32% | +0.06 |
| NTR Nutrien Ltd. | Add +10.0% | 0.28% | +0.06 |
| GLD SPDR Gold Shares | Add +148.8% | 0.09% | +0.06 |
| LNTH Lantheus Holdings Inc. | Add +1028.0% | 0.06% | +0.06 |
| YUM Yum! Brands Inc. | Add +1.4% | 0.28% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +3.6% | 0.22% | +0.05 |
| MA Mastercard Inc. Class A | Add +2.3% | 0.50% | +0.05 |
| CSCO Cisco Systems Inc. | Add +23.2% | 0.18% | +0.04 |
| T AT&T Inc. | Add +2.6% | 0.18% | +0.04 |
| GE General Electric | Add +6.0% | 0.18% | +0.04 |
| EWY iShares MSCI South Korea ETF | New | 0.04% | +0.04 |
| NFLX Netflix Inc. | Add +0.1% | 0.49% | +0.04 |
| MKL Markel Group Inc. | Add +34.0% | 0.12% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,211 | $115.4B | NVDA, RY, AAPL, TD, BMO |
| Q1 2026 | 1,225 | $123.2B | NVDA, RY, AAPL, TD, MSFT |
| Q4 2025 | 1,227 | $124.3B | RY, NVDA, AAPL, MSFT, TD |
| Q3 2025 | 1,230 | $123.1B | NVDA, MSFT, RY, AAPL, TD |
| Q2 2025 | 1,190 | $117.2B | MSFT, NVDA, RY, SPY, AAPL |
| Q1 2025 | 1,213 | $108.6B | AAPL, RY, SPY, MSFT, NVDA |
| Q4 2024 | 1,239 | $113.0B | AAPL, MSFT, SPY, RY, NVDA |
| Q3 2024 | 1,378 | $113.3B | MSFT, AAPL, RY, SPY, NVDA |
| Q2 2024 | 1,354 | $107.2B | MSFT, SPY, NVDA, AAPL, RY |
| Q1 2024 | 1,372 | $107.5B | MSFT, SPY, RY, NVDA, AAPL |