TD Asset Management Inc
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), TD Asset Management Inc reported 1,190 stock positions worth $117.2 billion. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Nvidia (NVDA, 3.7%) and Royal Bank of Canada (RY, 3.6%). Compared with Q1 2025, it opened 56 new positions, sold out of 80, added to 474 and reduced 591. The biggest buy was Nvidia (NVDA, shares +7%) and the biggest sale Apple (AAPL, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001056053
- Portfolio Value
- $117.2B (Q2 2025)
- SEC Filing
- 0000950123-25-006623 ↗ filed Jul 28, 2025
Holdings Value
Holdings 1,190 stocks · $117.2B
| MSFT Microsoft Corp. | 4.00% | 9,422,253 | $4.7B | Add +2.2% |
| NVDA Nvidia Corp. | 3.65% | 27,087,627 | $4.3B | Add +6.7% |
| RY Royal Bank of Canada | 3.57% | 31,812,382 | $4.2B | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.82% | 5,339,307 | $3.3B | Reduce -15.8% |
| AAPL Apple Inc. | 2.71% | 15,468,657 | $3.2B | Reduce -15.1% |
| TD Toronto-Dominion Bank | 2.34% | 37,365,008 | $2.7B | Add +0.9% |
| META Meta Platforms Inc. Class A | 2.29% | 3,629,519 | $2.7B | Reduce -0.7% |
| AVGO Broadcom Inc. | 1.66% | 7,041,142 | $1.9B | Add +7.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.63% | 17,289,838 | $1.9B | Reduce -0.1% |
| ENB Enbridge Inc. | 1.54% | 39,883,394 | $1.8B | Add +1.6% |
| AMZN Amazon.com Inc. | 1.53% | 8,190,116 | $1.8B | Reduce -2.3% |
| CP Canadian Pacific Kansas City | 1.42% | 21,002,374 | $1.7B | Add +0.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.36% | 22,503,085 | $1.6B | Reduce -2.2% |
| BN Brookfield Corp. | 1.29% | 24,496,650 | $1.5B | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.27% | 5,113,248 | $1.5B | Add +0.9% |
| V Visa Inc. Class A | 1.22% | 4,039,781 | $1.4B | Reduce -7.3% |
| CNQ Canadian Natural Resources | 1.11% | 41,581,125 | $1.3B | Add +0.8% |
| CNI Canadian Natl Railway Co. | 1.07% | 12,072,540 | $1.3B | Add +2.3% |
| TRI Thomson Reuters Corp. | 0.97% | 5,681,469 | $1.1B | Add +3.0% |
| MFC Manulife Financial Corp. | 0.97% | 35,559,133 | $1.1B | Reduce -4.1% |
| AEM Agnico Eagle Mines Ltd. | 0.95% | 9,356,548 | $1.1B | Add +3.6% |
| COST Costco Wholesale Corp. | 0.92% | 1,092,298 | $1.1B | Reduce -3.3% |
| SLF Sun Life Financial Inc. | 0.90% | 15,796,516 | $1.0B | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 0.87% | 5,751,739 | $1.0B | Add +0.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.85% | 18,134,031 | $1.0B | Reduce -0.3% |
| SHOP Shopify Inc. Class A | 0.83% | 8,409,674 | $968.1M | Reduce -4.5% |
| SU Suncor Energy Inc. | 0.82% | 25,600,991 | $957.1M | Reduce -4.4% |
| LLY Eli Lilly & Co. | 0.81% | 1,213,430 | $945.9M | Reduce -6.9% |
| TRP TC Energy Corp. | 0.79% | 19,074,181 | $929.3M | Add +9.3% |
| BAM Brookfield Asset Mgmt-A | 0.73% | 15,589,384 | $861.1M | Add +1.6% |
| EFA iShares MSCI Eafe ETF | 0.69% | 9,050,985 | $809.1M | Add +6.3% |
| GOOG Alphabet Inc. Class C | 0.63% | 4,179,326 | $741.4M | Add +6.3% |
| NFLX Netflix Inc. | 0.63% | 550,283 | $736.9M | Reduce -4.5% |
| WCN Waste Connections Inc. | 0.63% | 3,942,989 | $735.2M | Add +3.2% |
| ABBV Abbvie Inc. | 0.59% | 3,735,815 | $693.4M | Add +15.9% |
| AXP American Express Co. | 0.57% | 2,091,135 | $667.0M | Reduce -1.1% |
| BKNG Booking Holdings Inc. | 0.55% | 111,362 | $644.7M | Add +6.4% |
| FTS Fortis Inc. | 0.55% | 13,474,508 | $642.1M | Add +4.7% |
| WPM Wheaton Precious Metals Corp. | 0.54% | 7,008,027 | $629.0M | Reduce -6.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.50% | 4,715,071 | $582.3M | Reduce -1.4% |
| TU Telus Corp. | 0.50% | 36,312,645 | $582.0M | Reduce -0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.49% | 1,042,286 | $575.0M | Reduce -24.4% |
| MCK McKesson Corp. | 0.47% | 752,872 | $551.7M | Reduce -3.9% |
| MA Mastercard Inc. Class A | 0.46% | 963,644 | $541.5M | Reduce -3.4% |
| TMUS T-Mobile US Inc. | 0.44% | 2,171,447 | $517.4M | Reduce -2.3% |
| GEV GE Vernova Inc. | 0.42% | 931,997 | $493.2M | Add +0.6% |
| LNG Cheniere Energy Inc. | 0.41% | 1,990,748 | $484.8M | Add +1.5% |
| HWM Howmet Aerospace Inc. | 0.41% | 2,569,349 | $478.2M | Reduce -11.4% |
| TT Trane Technologies PLC | 0.41% | 1,087,974 | $475.9M | Add +12.1% |
| ABT Abbott Laboratories | 0.40% | 3,467,896 | $471.7M | Add +98.6% |
| TSLA Tesla Inc. | 0.40% | 1,465,382 | $465.5M | Reduce -3.3% |
| XOM Exxon Mobil Corp. | 0.39% | 4,260,505 | $459.3M | Add +0.5% |
| SAP Sap SE-Sponsored ADR | 0.39% | 1,496,743 | $455.2M | Reduce -10.0% |
| SYK Stryker Corp. | 0.39% | 1,147,853 | $454.1M | Reduce -8.9% |
| PGR Progressive Corp. | 0.38% | 1,665,042 | $444.3M | Reduce -19.9% |
| HD Home Depot Inc. | 0.37% | 1,167,295 | $428.0M | Reduce -27.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 865,434 | $420.4M | Add +20.6% |
| RSG Republic Services Inc. | 0.36% | 1,702,630 | $419.9M | Reduce -16.7% |
| VRSK Verisk Analytics Inc. | 0.36% | 1,340,238 | $417.5M | Reduce -12.8% |
| KLAC KLA Corp. | 0.34% | 447,367 | $400.7M | Add +56.0% |
| B Barrick Mining Corp. | 0.33% | 18,594,184 | $386.3M | Add +3.6% |
| CW Curtiss-Wright Corp. | 0.33% | 789,378 | $385.7M | Add +14.4% |
| EZU iShares MSCI Eurozone ETF | 0.33% | 6,416,227 | $381.4M | Reduce -5.1% |
| GILD Gilead Sciences Inc. | 0.32% | 3,420,676 | $379.3M | Add +44.7% |
| NTR Nutrien Ltd. | 0.31% | 6,325,095 | $367.8M | Add +2.4% |
| DE Deere & Co. | 0.31% | 721,638 | $366.9M | Add +132.0% |
| IMO Imperial Oil Ltd. | 0.31% | 4,594,071 | $364.2M | Reduce -5.7% |
| QSR Restaurant Brands Intern | 0.31% | 5,486,897 | $363.2M | Add +18.5% |
| MCD McDonald's Corp. | 0.31% | 1,238,816 | $361.9M | Reduce -13.4% |
| EMA Emera Inc. | 0.30% | 7,757,918 | $354.7M | New |
| MSI Motorola Solutions Inc. | 0.30% | 842,311 | $354.2M | Reduce -12.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.30% | 1,319,041 | $351.3M | Reduce -24.1% |
| TW Tradeweb Markets Inc. Class A | 0.28% | 2,277,940 | $333.5M | Add +209.4% |
| QCOM Qualcomm Inc. | 0.28% | 2,085,752 | $332.2M | Reduce -0.4% |
| FNV Franco-Nevada Corp. | 0.28% | 2,011,787 | $329.6M | Add +4.4% |
| PG The Procter & Gamble Co. | 0.28% | 2,046,713 | $326.1M | Reduce -28.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.28% | 4,020,980 | $324.3M | Add +759.9% |
| CL Colgate-Palmolive Co. | 0.27% | 3,538,404 | $321.6M | Add +3.3% |
| ETN Eaton Corp. PLC | 0.27% | 898,345 | $320.7M | Reduce -2.1% |
| MCO Moody's Corp. | 0.27% | 637,392 | $319.7M | Reduce -3.2% |
| EWJ iShares MSCI Japan ETF | 0.27% | 4,219,006 | $316.3M | Add +0.1% |
| CVE Cenovus Energy Inc. | 0.26% | 22,735,699 | $308.8M | Reduce -22.4% |
| APH Amphenol Corp. Class A | 0.25% | 2,979,104 | $294.2M | Reduce -1.5% |
| LRCX Lam Research Corp. | 0.25% | 2,952,409 | $287.4M | Add +9.2% |
| ETR Entergy Corp. | 0.24% | 3,442,042 | $286.1M | Add +12.6% |
| AMAT Applied Materials Inc. | 0.24% | 1,530,957 | $280.3M | Add +0.9% |
| ANET Arista Networks Inc. | 0.24% | 2,694,058 | $275.6M | Add +21.1% |
| PBA Pembina Pipeline Corp. | 0.23% | 7,298,690 | $273.5M | Add +5.0% |
| UNP Union Pacific Corp. | 0.23% | 1,154,022 | $265.5M | Reduce -8.4% |
| YUM Yum! Brands Inc. | 0.22% | 1,752,761 | $259.7M | Reduce -10.3% |
| EVR Evercore Inc. Class A | 0.22% | 955,407 | $258.0M | Add +63.8% |
| UBER Uber Technologies Inc. | 0.22% | 2,747,812 | $256.4M | Add +82.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.21% | 782,914 | $250.6M | Reduce -14.7% |
| ZTS Zoetis Inc. | 0.21% | 1,583,957 | $247.0M | Add +0.0% |
| WMT Walmart Inc. | 0.21% | 2,508,568 | $245.3M | Reduce -8.5% |
| LPLA LPL Financial Holdings Inc. | 0.21% | 653,239 | $244.9M | Reduce -4.2% |
| UNH Unitedhealth Group Inc. | 0.21% | 783,831 | $244.5M | Reduce -41.2% |
| GIB Cgi Inc. | 0.21% | 2,332,562 | $244.5M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.21% | 630,304 | $243.9M | Add +9.3% |
| TECK Teck Resources Ltd.-CLS B | 0.21% | 6,032,354 | $243.5M | Add +0.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $15K (not counted above)
Total filed on the 13F, all lines: $117.2B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -15.1% | 2.71% | −1.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -15.8% | 2.82% | −0.45 |
| UNH Unitedhealth Group Inc. | Reduce -41.2% | 0.21% | −0.43 |
| XLF SS Financial Select Sector | Reduce -99.7% | 0.00% | −0.22 |
| EEM iShares MSCI Emerging Market | Reduce -99.8% | 0.00% | −0.20 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.19 |
| LLY Eli Lilly & Co. | Reduce -6.9% | 0.81% | −0.18 |
| V Visa Inc. Class A | Reduce -7.3% | 1.22% | −0.18 |
| HD Home Depot Inc. | Reduce -27.8% | 0.37% | −0.18 |
| SBUX Starbucks Corp. | Reduce -60.5% | 0.09% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -28.0% | 0.28% | −0.17 |
| PGR Progressive Corp. | Reduce -19.9% | 0.38% | −0.16 |
| CRH CRH PLC | Reduce -47.5% | 0.15% | −0.15 |
| SU Suncor Energy Inc. | Reduce -4.4% | 0.82% | −0.14 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.14 |
| APO Apollo Global Management Inc. | Reduce -74.6% | 0.04% | −0.14 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.12 |
| CVE Cenovus Energy Inc. | Reduce -22.4% | 0.26% | −0.11 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -24.4% | 0.49% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -2.3% | 0.44% | −0.10 |
| MCD McDonald's Corp. | Reduce -13.4% | 0.31% | −0.10 |
| RSG Republic Services Inc. | Reduce -16.7% | 0.36% | −0.10 |
| MFC Manulife Financial Corp. | Reduce -4.1% | 0.97% | −0.10 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.09 |
| TRGP Targa Resources Corp. | Reduce -35.2% | 0.10% | −0.09 |
| XLE SS Energy Select Sector | Reduce -99.3% | 0.00% | −0.09 |
| MSI Motorola Solutions Inc. | Reduce -12.9% | 0.30% | −0.09 |
| AJG Arthur J Gallagher & Co. | Reduce -14.7% | 0.21% | −0.08 |
| PAYX Paychex Inc. | Reduce -15.6% | 0.20% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -12.4% | 0.13% | −0.07 |
| VRSK Verisk Analytics Inc. | Reduce -12.8% | 0.36% | −0.06 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -24.1% | 0.30% | −0.06 |
| DPZ Domino's Pizza Inc. | Reduce -21.1% | 0.16% | −0.06 |
| YUM Yum! Brands Inc. | Reduce -10.3% | 0.22% | −0.06 |
| FICO Fair Isaac Corp. | Reduce -48.7% | 0.05% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -8.3% | 0.14% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -3.3% | 0.92% | −0.06 |
| MRVL Marvell Technology Inc. | Reduce -79.3% | 0.02% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -12.4% | 0.17% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -10.8% | 0.13% | −0.05 |
| CHE Chemed Corp. | Reduce -7.4% | 0.10% | −0.05 |
| FISV Fiserv Inc. | Reduce -36.7% | 0.04% | −0.05 |
| UNP Union Pacific Corp. | Reduce -8.4% | 0.23% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -35.4% | 0.11% | −0.05 |
| CPRT Copart Inc. | Reduce -5.1% | 0.15% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -4.5% | 0.17% | −0.04 |
| AMGN Amgen Inc. | Reduce -17.4% | 0.10% | −0.04 |
| SYK Stryker Corp. | Reduce -8.9% | 0.39% | −0.04 |
| CALX Calix Inc. | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -3.4% | 0.46% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +6.7% | 3.65% | +1.12 |
| MSFT Microsoft Corp. | Add +2.2% | 4.00% | +0.82 |
| AVGO Broadcom Inc. | Add +7.8% | 1.66% | +0.65 |
| RY Royal Bank of Canada | Add +0.9% | 3.57% | +0.30 |
| EMA Emera Inc. | New | 0.30% | +0.30 |
| TD Toronto-Dominion Bank | Add +0.9% | 2.34% | +0.30 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +759.9% | 0.28% | +0.24 |
| ABT Abbott Laboratories | Add +98.6% | 0.40% | +0.19 |
| TW Tradeweb Markets Inc. Class A | Add +209.4% | 0.28% | +0.18 |
| DE Deere & Co. | Add +132.0% | 0.31% | +0.18 |
| KLAC KLA Corp. | Add +56.0% | 0.34% | +0.16 |
| GEV GE Vernova Inc. | Add +0.6% | 0.42% | +0.16 |
| CW Curtiss-Wright Corp. | Add +14.4% | 0.33% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +0.9% | 1.27% | +0.12 |
| UBER Uber Technologies Inc. | Add +82.5% | 0.22% | +0.12 |
| EVR Evercore Inc. Class A | Add +63.8% | 0.22% | +0.11 |
| BKNG Booking Holdings Inc. | Add +6.4% | 0.55% | +0.11 |
| TT Trane Technologies PLC | Add +12.1% | 0.41% | +0.11 |
| TRI Thomson Reuters Corp. | Add +3.0% | 0.97% | +0.10 |
| GLD SPDR Gold Shares | Add +108.4% | 0.18% | +0.09 |
| GILD Gilead Sciences Inc. | Add +44.7% | 0.32% | +0.08 |
| TPL Texas Pacific Land Corp. | Add +1104.4% | 0.09% | +0.08 |
| ANET Arista Networks Inc. | Add +21.1% | 0.24% | +0.08 |
| CP Canadian Pacific Kansas City | Add +0.7% | 1.42% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +6.3% | 0.63% | +0.07 |
| LRCX Lam Research Corp. | Add +9.2% | 0.25% | +0.06 |
| FN Fabrinet | Add +25.4% | 0.15% | +0.06 |
| AMD Advanced Micro Devices | Add +18.2% | 0.18% | +0.06 |
| APP AppLovin Corp. Class A | Add +78.0% | 0.11% | +0.06 |
| CCJ Cameco Corp. | Add +3.8% | 0.14% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 0.87% | +0.05 |
| ORCL Oracle Corp. | Add +0.3% | 0.17% | +0.05 |
| BAM Brookfield Asset Mgmt-A | Add +1.6% | 0.73% | +0.05 |
| CORT Corcept Therapeutics Inc. | New | 0.05% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +6.3% | 0.69% | +0.05 |
| AEM Agnico Eagle Mines Ltd. | Add +3.6% | 0.95% | +0.05 |
| RBLX Roblox Corp. Class A | Add +305.2% | 0.05% | +0.04 |
| SE Sea Ltd.-ADR | Add +51.1% | 0.10% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +1.1% | 0.12% | +0.04 |
| RBA RB Global Inc. | Add +85.1% | 0.09% | +0.04 |
| IDXX Idexx Laboratories Inc. | Add +12.2% | 0.15% | +0.04 |
| AMAT Applied Materials Inc. | Add +0.9% | 0.24% | +0.04 |
| CLS Celestica Inc. | Add +2.1% | 0.08% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +15.3% | 0.11% | +0.04 |
| MSCI MSCI Inc. | Add +196.4% | 0.06% | +0.04 |
| MPWR Monolithic Power Systems Inc. | Add +125.7% | 0.06% | +0.03 |
| TRP TC Energy Corp. | Add +9.3% | 0.79% | +0.03 |
| EME Emcor Group Inc. | Add +5.2% | 0.12% | +0.03 |
| NTR Nutrien Ltd. | Add +2.4% | 0.31% | +0.03 |
| MANH Manhattan Associates Inc. | Add +38.5% | 0.08% | +0.03 |
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 |