TD Waterhouse Canada Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), TD Waterhouse Canada Inc. reported 1,966 stock positions worth $12.4 billion. Its top holding was Royal Bank of Canada (RY) at 5.3% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.0%) and Microsoft (MSFT, 3.2%). Compared with Q3 2024, it opened 183 new positions, sold out of 125, added to 721 and reduced 495. The biggest buy was Amazon.com (AMZN, shares +5%) and the biggest sale Toronto-Dominion Bank (TD, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001999606
- Portfolio Value
- $12.4B (Q4 2024)
- SEC Filing
- 0001089355-25-000006 ↗ filed Feb 13, 2025
Holdings Value
Holdings 1,966 stocks · $12.4B
| RY Royal Bank of Canada | 5.30% | 5,453,838 | $656.5M | Reduce -1.5% |
| TD Toronto-Dominion Bank | 4.05% | 9,444,374 | $502.1M | Reduce -1.7% |
| MSFT Microsoft Corp. | 3.20% | 943,039 | $397.3M | Add +3.2% |
| AAPL Apple Inc. | 3.05% | 1,509,597 | $378.0M | Add +1.7% |
| ENB Enbridge Inc. | 2.55% | 7,455,349 | $315.7M | Add +0.6% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 2.07% | 2,653,260 | $256.7M | Add +7.1% |
| AMZN Amazon.com Inc. | 1.90% | 1,073,198 | $235.4M | Add +5.2% |
| JPM JPMorgan Chase & Co. | 1.87% | 966,485 | $231.9M | Add +5.1% |
| MFC Manulife Financial Corp. | 1.74% | 7,031,982 | $215.5M | Reduce -0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.69% | 357,209 | $209.3M | Add +8.7% |
| V Visa Inc. Class A | 1.68% | 657,373 | $207.9M | Add +0.6% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.66% | 3,849,592 | $206.3M | Add +16.2% |
| TRP TC Energy Corp. | 1.65% | 4,415,137 | $205.0M | Add +1.5% |
| BN Brookfield Corp. | 1.65% | 3,578,785 | $204.6M | Reduce -4.5% |
| CNQ Canadian Natural Resources | 1.52% | 6,122,380 | $188.4M | Add +5.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.49% | 2,930,287 | $184.7M | Add +1.0% |
| FTS Fortis Inc. | 1.45% | 4,339,678 | $179.9M | Add +3.0% |
| NVDA Nvidia Corp. | 1.44% | 1,326,815 | $178.1M | Add +5.6% |
| CNI Canadian Natl Railway Co. | 1.42% | 1,739,236 | $175.7M | Add +1.1% |
| COST Costco Wholesale Corp. | 1.32% | 179,045 | $164.1M | Add +3.4% |
| SU Suncor Energy Inc. | 1.29% | 4,500,169 | $160.1M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 1.15% | 750,069 | $142.8M | Reduce -0.4% |
| TU Telus Corp. | 1.09% | 9,993,010 | $135.2M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 290,239 | $131.6M | Add +0.5% |
| CP Canadian Pacific Kansas City | 1.01% | 1,724,786 | $124.6M | Add +5.1% |
| SLF Sun Life Financial Inc. | 0.94% | 1,964,504 | $116.3M | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.93% | 197,650 | $115.7M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 0.92% | 603,573 | $114.3M | Add +7.8% |
| HD Home Depot Inc. | 0.83% | 264,671 | $103.0M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.82% | 349,701 | $101.4M | Add +2.2% |
| WMT Walmart Inc. | 0.71% | 967,904 | $87.5M | Add +4.5% |
| AVGO Broadcom Inc. | 0.69% | 367,221 | $85.1M | Add +16.0% |
| UNH Unitedhealth Group Inc. | 0.68% | 165,645 | $83.9M | Reduce -4.2% |
| PG The Procter & Gamble Co. | 0.67% | 494,279 | $82.9M | Add +6.8% |
| AEM Agnico Eagle Mines Ltd. | 0.66% | 1,046,657 | $81.7M | Reduce -1.6% |
| PANW Palo Alto Networks Inc. | 0.65% | 440,422 | $80.1M | Add +1.1% |
| NTR Nutrien Ltd. | 0.63% | 1,763,586 | $78.7M | Reduce -13.5% |
| JNJ Johnson & Johnson | 0.62% | 533,103 | $77.1M | Reduce -20.8% |
| QSR Restaurant Brands Intern | 0.60% | 1,149,760 | $74.7M | Add +0.1% |
| TECK Teck Resources Ltd.-CLS B | 0.59% | 1,815,851 | $73.4M | Add +0.8% |
| GIB Cgi Inc. | 0.58% | 661,479 | $72.1M | Add +5.7% |
| BAM Brookfield Asset Mgmt-A | 0.57% | 1,303,653 | $70.4M | Add +0.8% |
| CVE Cenovus Energy Inc. | 0.53% | 4,359,689 | $66.0M | Reduce -0.6% |
| RCI Rogers Communications Inc. Class B | 0.53% | 2,154,482 | $65.9M | Reduce -11.0% |
| LLY Eli Lilly & Co. | 0.50% | 80,872 | $62.5M | Reduce -6.6% |
| VEA Vanguard Ftse Developed ETF | 0.50% | 1,293,999 | $61.9M | Add +5.1% |
| SHOP Shopify Inc. Class A | 0.49% | 570,130 | $60.4M | Add +36.4% |
| MA Mastercard Inc. Class A | 0.46% | 107,622 | $56.7M | Add +0.6% |
| ORCL Oracle Corp. | 0.45% | 336,586 | $56.1M | Add +5.3% |
| ANET Arista Networks Inc. | 0.45% | 501,156 | $55.4M | Add +4.7% |
| XLK SS Technology Select Sector | 0.41% | 220,081 | $51.1M | Add +7.5% |
| QCOM Qualcomm Inc. | 0.41% | 332,127 | $51.0M | Add +3.3% |
| TSLA Tesla Inc. | 0.40% | 124,109 | $50.1M | Add +35.8% |
| IVV iShares Core S&P 500 ETF | 0.40% | 84,420 | $49.7M | Add +26.5% |
| ATS Ats Corp. | 0.39% | 1,635,224 | $48.4M | Add +76.9% |
| CCJ Cameco Corp. | 0.39% | 939,878 | $48.1M | Reduce -2.6% |
| WCN Waste Connections Inc. | 0.38% | 277,129 | $47.2M | Reduce -1.3% |
| BIP Brookfield Infrastructure Pa | 0.38% | 1,492,480 | $47.0M | Add +6.7% |
| SYK Stryker Corp. | 0.35% | 121,239 | $43.7M | Add +0.7% |
| XLV SS Health Care Select Sector | 0.34% | 309,966 | $42.6M | Add +3.5% |
| NFLX Netflix Inc. | 0.34% | 47,227 | $42.1M | Add +5.2% |
| ETN Eaton Corp. PLC | 0.33% | 123,493 | $41.0M | Add +6.2% |
| WPM Wheaton Precious Metals Corp. | 0.33% | 732,174 | $40.6M | Add +0.6% |
| BIPC Brookfield Infrastructure-A | 0.33% | 1,024,758 | $40.6M | New |
| BEPC Brookfield Renewable Corp. | 0.32% | 1,460,444 | $40.3M | Add +4.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 907,697 | $39.9M | Add +0.6% |
| MGA Magna International Inc. | 0.32% | 955,723 | $39.8M | Reduce -2.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 354,595 | $39.5M | Reduce -11.7% |
| GS Goldman Sachs Group Inc. | 0.31% | 67,728 | $38.8M | Add +43.9% |
| PBA Pembina Pipeline Corp. | 0.31% | 1,045,350 | $38.6M | Reduce -7.0% |
| C Citigroup Inc. | 0.31% | 541,592 | $38.1M | Add +29.2% |
| VOO Vanguard S&P 500 ETF | 0.30% | 70,132 | $37.8M | Add +15.8% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 851,651 | $37.5M | Add +1.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 294,870 | $35.6M | Add +5.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 69,416 | $35.5M | Add +0.2% |
| MS Morgan Stanley | 0.26% | 260,741 | $32.8M | Add +17.2% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 195,668 | $32.6M | Reduce -2.2% |
| AXP American Express Co. | 0.26% | 109,611 | $32.5M | Add +21.5% |
| STN Stantec Inc. | 0.26% | 413,565 | $32.2M | Reduce -4.7% |
| BCE Bce Inc. | 0.26% | 1,384,450 | $32.0M | Reduce -45.4% |
| SRE Sempra | 0.25% | 360,211 | $31.6M | Add +8.0% |
| BX Blackstone Inc. | 0.25% | 177,637 | $30.6M | Reduce -1.7% |
| UNP Union Pacific Corp. | 0.25% | 133,969 | $30.6M | Add +2.3% |
| FNV Franco-Nevada Corp. | 0.25% | 262,273 | $30.4M | Reduce -3.8% |
| GEHC GE Healthcare Technology | 0.24% | 384,228 | $30.0M | Add +26.9% |
| GD General Dynamics Corp. | 0.24% | 111,647 | $29.4M | Add +4.0% |
| RCL Royal Caribbean Cruises Ltd. | 0.23% | 124,916 | $28.8M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.22% | 279,197 | $27.8M | Reduce -0.7% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 156,197 | $27.4M | Add +30.6% |
| OTEX Open Text Corp. | 0.22% | 963,139 | $27.2M | Add +93.7% |
| CAT Caterpillar Inc. | 0.21% | 72,492 | $26.3M | Reduce -1.7% |
| TFII Tfi International Inc. | 0.21% | 195,090 | $26.2M | Reduce -2.7% |
| TRI Thomson Reuters Corp. | 0.21% | 165,248 | $26.2M | Reduce -1.4% |
| IVE iShares S&P 500 Value ETF | 0.21% | 134,883 | $25.7M | Add +1.3% |
| XOM Exxon Mobil Corp. | 0.20% | 229,405 | $24.7M | Add +15.8% |
| MAR Marriott International Class A | 0.20% | 87,093 | $24.3M | Add +2.8% |
| GEV GE Vernova Inc. | 0.20% | 73,784 | $24.3M | Add +5.0% |
| LOW Lowe's Cos Inc. | 0.20% | 98,172 | $24.2M | Reduce -1.5% |
| VFH Vanguard Financials ETF | 0.19% | 200,190 | $23.6M | Add +9.0% |
| IGF iShares Global Infrastructur | 0.19% | 451,921 | $23.6M | Add +4.1% |
Other holdings (6): bonds, preferreds, convertibles and warrants · $33K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 1,910 | $17K | Add +4.3% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 302 | $8K | No change |
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | 18,300 | $7K | New |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | 901 | $451 | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 448 | $72 | No change |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 200 | $5 | No change |
Total filed on the 13F, all lines: $12.4B.
Portfolio Sells Q3 2024 → Q4 2024
| TD Toronto-Dominion Bank | Reduce -1.7% | 4.05% | −0.89 |
| BCE Bce Inc. | Reduce -45.4% | 0.26% | −0.46 |
| BIPC Brookfield Infrastructure-A | Reduce -100.0% | 0.00% | −0.34 |
| TU Telus Corp. | Reduce -0.6% | 1.09% | −0.28 |
| JNJ Johnson & Johnson | Reduce -20.8% | 0.62% | −0.26 |
| RY Royal Bank of Canada | Reduce -1.5% | 5.30% | −0.25 |
| RCI Rogers Communications Inc. Class B | Reduce -11.0% | 0.53% | −0.24 |
| NTR Nutrien Ltd. | Reduce -13.5% | 0.63% | −0.18 |
| SU Suncor Energy Inc. | Reduce -1.4% | 1.29% | −0.15 |
| UNH Unitedhealth Group Inc. | Reduce -4.2% | 0.68% | −0.14 |
| NKE Nike Inc. Class B | Reduce -34.9% | 0.16% | −0.13 |
| CVS CVS Health Corp. | Reduce -33.1% | 0.12% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -6.6% | 0.50% | −0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -44.8% | 0.08% | −0.12 |
| CVX Chevron Corp. | Reduce -33.2% | 0.15% | −0.09 |
| CVE Cenovus Energy Inc. | Reduce -0.6% | 0.53% | −0.09 |
| STX Seagate Technology Holdings | Reduce -46.4% | 0.06% | −0.09 |
| KO The Coca-Cola Co. | Reduce -31.3% | 0.13% | −0.09 |
| DHR Danaher Corp. | Reduce -20.2% | 0.16% | −0.08 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -41.1% | 0.11% | −0.08 |
| TLT iShares 20+ Year Treasury BD | Reduce -46.6% | 0.06% | −0.07 |
| PBA Pembina Pipeline Corp. | Reduce -7.0% | 0.31% | −0.07 |
| NEM Newmont Corp. | Reduce -8.0% | 0.12% | −0.07 |
| IEF iShares 7-10 Year Treasury B | Reduce -24.4% | 0.16% | −0.07 |
| XLP SS Consumer Staples Sel Sect | Reduce -80.8% | 0.01% | −0.06 |
| HD Home Depot Inc. | Reduce -1.4% | 0.83% | −0.06 |
| MMM 3M Co. | Reduce -92.2% | 0.00% | −0.05 |
| PFE Pfizer Inc. | Reduce -16.4% | 0.17% | −0.05 |
| GRTUF Granite Real Estate Investme | Reduce -0.5% | 0.16% | −0.04 |
| PEP Pepsico Inc. | Reduce -12.2% | 0.14% | −0.04 |
| FXY Invesco Currencyshares Japan | Sold out | 0.00% | −0.04 |
| AMT American Tower Corp. | Reduce -20.2% | 0.07% | −0.04 |
| GE General Electric | Reduce -2.2% | 0.26% | −0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -76.8% | 0.01% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -1.6% | 0.66% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -0.7% | 0.22% | −0.04 |
| ELAN Elanco Animal Health Inc. | Reduce -94.8% | 0.00% | −0.04 |
| AWK American Water Works Co. Inc. | Reduce -87.1% | 0.00% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -98.8% | 0.00% | −0.04 |
| AQN Algonquin Power & Utilities | Reduce -31.7% | 0.04% | −0.03 |
| FNV Franco-Nevada Corp. | Reduce -3.8% | 0.25% | −0.03 |
| SLV iShares Silver Trust | Reduce -71.3% | 0.01% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -49.4% | 0.04% | −0.03 |
| CEF Sprott Physical Gold and Sil | Reduce -55.5% | 0.02% | −0.03 |
| CCI Crown Castle Inc. | Reduce -50.6% | 0.02% | −0.03 |
| GLD SPDR Gold Shares | Reduce -19.6% | 0.11% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Reduce -59.0% | 0.02% | −0.03 |
| RTX RTX Corp. | Reduce -13.0% | 0.12% | −0.03 |
| DOW Dow Inc. | Reduce -91.9% | 0.00% | −0.03 |
| FDX FedEx Corp. | Reduce -48.0% | 0.03% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +5.2% | 1.90% | +0.37 |
| BIPC Brookfield Infrastructure-A | New | 0.33% | +0.33 |
| JPM JPMorgan Chase & Co. | Add +5.1% | 1.87% | +0.33 |
| AAPL Apple Inc. | Add +1.7% | 3.05% | +0.32 |
| AVGO Broadcom Inc. | Add +16.0% | 0.69% | +0.26 |
| NVDA Nvidia Corp. | Add +5.6% | 1.44% | +0.24 |
| SHOP Shopify Inc. Class A | Add +36.4% | 0.49% | +0.22 |
| BMO Bank of Montreal | Add +7.1% | 2.07% | +0.21 |
| TSLA Tesla Inc. | Add +35.8% | 0.40% | +0.21 |
| BNS Bank of Nova Scotia | Add +16.2% | 1.66% | +0.21 |
| V Visa Inc. Class A | Add +0.6% | 1.68% | +0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.7% | 1.69% | +0.18 |
| ATS Ats Corp. | Add +76.9% | 0.39% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 0.92% | +0.16 |
| GS Goldman Sachs Group Inc. | Add +43.9% | 0.31% | +0.13 |
| CM Can Imperial BK of Commerce | Add +1.0% | 1.49% | +0.11 |
| WMT Walmart Inc. | Add +4.5% | 0.71% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +26.5% | 0.40% | +0.09 |
| MSFT Microsoft Corp. | Add +3.2% | 3.20% | +0.09 |
| COST Costco Wholesale Corp. | Add +3.4% | 1.32% | +0.09 |
| OTEX Open Text Corp. | Add +93.7% | 0.22% | +0.09 |
| ENB Enbridge Inc. | Add +0.6% | 2.55% | +0.08 |
| C Citigroup Inc. | Add +29.2% | 0.31% | +0.08 |
| NFLX Netflix Inc. | Add +5.2% | 0.34% | +0.08 |
| BBH Vaneck Biotech ETF | New | 0.08% | +0.08 |
| ANET Arista Networks Inc. | Add +4.7% | 0.45% | +0.08 |
| NOW ServiceNow Inc. | Add +81.7% | 0.14% | +0.07 |
| BAM Brookfield Asset Mgmt-A | Add +0.8% | 0.57% | +0.07 |
| MS Morgan Stanley | Add +17.2% | 0.26% | +0.07 |
| AXP American Express Co. | Add +21.5% | 0.26% | +0.07 |
| TMUS T-Mobile US Inc. | Add +63.7% | 0.15% | +0.07 |
| APP AppLovin Corp. Class A | Add +161.6% | 0.08% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +1.1% | 0.65% | +0.06 |
| WFC Wells Fargo & Co. | Add +83.7% | 0.11% | +0.06 |
| XMHQ Invesco S&P Midcap Qual ETF | New | 0.06% | +0.06 |
| TLH iShares 10-20 Year Treasury | Add +102.0% | 0.13% | +0.06 |
| DKNG Draftkings Inc. Class A | Add +6408.5% | 0.05% | +0.05 |
| GEV GE Vernova Inc. | Add +5.0% | 0.20% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +30.6% | 0.22% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +15.8% | 0.30% | +0.05 |
| XLK SS Technology Select Sector | Add +7.5% | 0.41% | +0.05 |
| BKNG Booking Holdings Inc. | Add +13.6% | 0.17% | +0.05 |
| HAL Halliburton Co. | Add +73.2% | 0.12% | +0.04 |
| IGEB iShares Investment Grade SYS | New | 0.04% | +0.04 |
| CLS Celestica Inc. | Add +10.7% | 0.07% | +0.04 |
| GIL Gildan Activewear Inc. | Add +73.6% | 0.08% | +0.04 |
| BAC Bank of America Corp. | Add +0.6% | 0.32% | +0.03 |
| BA The Boeing Co. | Add +35.0% | 0.09% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +25.4% | 0.12% | +0.03 |
| ALB Albemarle Corp. | Add +1813.4% | 0.03% | +0.03 |
Notes & Other Activity Q3 2024 → Q4 2024
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Add +4.3% | 1,910 | $17K |
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | New | 18,300 | $7K |
| VWEWQ Vintage Wine Estates -CW27 | *W EXP 06/08/202 | Sold out | 168,513 | $34before exit |
| SEAPORT ENTERTAINMENT GR-RTS | RIGHT 10/10/2024 | Sold out | 11 | $28before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,396 | $38.0B | TD, RY, AAPL, BMO, NVDA |
| Q1 2026 | 2,296 | $33.7B | TD, RY, AAPL, ENB, BMO |
| Q4 2025 | 2,034 | $16.1B | RY, TD, MSFT, AAPL, ENB |
| Q3 2025 | 2,060 | $15.3B | RY, TD, MSFT, AAPL, ENB |
| Q2 2025 | 1,987 | $14.0B | RY, TD, MSFT, ENB, AAPL |
| Q1 2025 | 1,944 | $12.2B | RY, TD, MSFT, AAPL, ENB |
| Q4 2024 | 1,966 | $12.4B | RY, TD, MSFT, AAPL, ENB |
| Q3 2024 | 1,907 | $12.3B | RY, TD, MSFT, AAPL, ENB |
| Q2 2024Amended | 1,901 | $11.2B | RY, TD, MSFT, AAPL, ENB |
| Q1 2024 | 1,765 | $13.3B | RY, TD, MSFT, ENB, CNQ |