TD Waterhouse Canada Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), TD Waterhouse Canada Inc. reported 1,944 stock positions worth $12.2 billion. Its top holding was Royal Bank of Canada (RY) at 5.0% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.6%) and Microsoft (MSFT, 3.0%). Compared with Q4 2024, it opened 131 new positions, sold out of 154, added to 649 and reduced 590. The biggest buy was Toronto-Dominion Bank (TD, shares +1%) and the biggest sale Royal Bank of Canada (RY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001999606
- Portfolio Value
- $12.2B (Q1 2025)
- SEC Filing
- 0001089355-25-000039 ↗ filed May 9, 2025
Holdings Value
Holdings 1,944 stocks · $12.2B
| RY Royal Bank of Canada | 4.96% | 5,373,163 | $605.5M | Reduce -1.5% |
| TD Toronto-Dominion Bank | 4.56% | 9,503,168 | $557.1M | Add +0.6% |
| MSFT Microsoft Corp. | 2.97% | 950,052 | $362.7M | Add +0.7% |
| AAPL Apple Inc. | 2.71% | 1,488,348 | $331.5M | Reduce -1.4% |
| ENB Enbridge Inc. | 2.48% | 6,852,136 | $303.1M | Reduce -8.1% |
| JPM JPMorgan Chase & Co. | 1.91% | 957,364 | $233.3M | Reduce -0.9% |
| V Visa Inc. Class A | 1.87% | 662,703 | $229.0M | Add +0.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.83% | 2,345,069 | $223.6M | Reduce -11.6% |
| MFC Manulife Financial Corp. | 1.78% | 6,874,994 | $217.1M | Reduce -2.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.77% | 4,655,406 | $216.9M | Add +20.9% |
| FTS Fortis Inc. | 1.70% | 4,545,873 | $207.4M | Add +4.8% |
| TRP TC Energy Corp. | 1.69% | 4,403,743 | $207.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.66% | 1,055,172 | $202.6M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.59% | 345,489 | $194.1M | Reduce -3.3% |
| BN Brookfield Corp. | 1.53% | 3,506,119 | $187.1M | Reduce -2.0% |
| CNQ Canadian Natural Resources | 1.50% | 5,916,698 | $183.2M | Reduce -3.4% |
| CNI Canadian Natl Railway Co. | 1.45% | 1,800,149 | $176.7M | Add +3.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.42% | 3,067,621 | $173.4M | Add +4.7% |
| COST Costco Wholesale Corp. | 1.40% | 179,066 | $170.6M | Add +0.0% |
| SU Suncor Energy Inc. | 1.40% | 4,474,608 | $170.6M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 293,148 | $156.5M | Add +1.0% |
| TU Telus Corp. | 1.26% | 10,778,841 | $154.1M | Add +7.9% |
| NVDA Nvidia Corp. | 1.16% | 1,286,760 | $141.6M | Reduce -3.0% |
| META Meta Platforms Inc. Class A | 0.98% | 204,161 | $119.5M | Add +3.3% |
| GOOG Alphabet Inc. Class C | 0.97% | 743,552 | $118.0M | Reduce -0.9% |
| AEM Agnico Eagle Mines Ltd. | 0.95% | 1,083,898 | $115.8M | Add +3.6% |
| CP Canadian Pacific Kansas City | 0.95% | 1,639,681 | $115.5M | Reduce -4.9% |
| HD Home Depot Inc. | 0.85% | 283,972 | $103.6M | Add +7.3% |
| SLF Sun Life Financial Inc. | 0.82% | 1,757,933 | $100.4M | Reduce -10.5% |
| MCD McDonald's Corp. | 0.81% | 314,214 | $98.4M | Reduce -10.2% |
| GOOGL Alphabet Inc. Class A | 0.80% | 621,068 | $97.6M | Add +2.9% |
| NTR Nutrien Ltd. | 0.75% | 1,922,884 | $91.6M | Add +9.0% |
| WMT Walmart Inc. | 0.74% | 1,015,125 | $90.0M | Add +4.9% |
| QSR Restaurant Brands Intern | 0.66% | 1,207,582 | $80.3M | Add +5.0% |
| UNH Unitedhealth Group Inc. | 0.65% | 152,217 | $79.5M | Reduce -8.1% |
| PANW Palo Alto Networks Inc. | 0.65% | 463,723 | $79.4M | Add +5.3% |
| PG The Procter & Gamble Co. | 0.62% | 444,364 | $75.6M | Reduce -10.1% |
| TECK Teck Resources Ltd.-CLS B | 0.56% | 1,873,303 | $68.2M | Add +3.2% |
| BAM Brookfield Asset Mgmt-A | 0.54% | 1,356,729 | $66.2M | Add +4.1% |
| VEA Vanguard Ftse Developed ETF | 0.53% | 1,284,749 | $65.3M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.53% | 80,838 | $65.1M | Reduce -0.0% |
| GIB Cgi Inc. | 0.53% | 653,684 | $64.9M | Reduce -1.2% |
| JNJ Johnson & Johnson | 0.52% | 413,841 | $63.3M | Reduce -22.4% |
| MA Mastercard Inc. Class A | 0.52% | 115,735 | $63.3M | Add +7.5% |
| RCI Rogers Communications Inc. Class B | 0.52% | 2,515,631 | $63.2M | Add +16.8% |
| SYK Stryker Corp. | 0.49% | 161,227 | $60.1M | Add +33.0% |
| WCN Waste Connections Inc. | 0.49% | 322,342 | $59.9M | Add +16.3% |
| WPM Wheaton Precious Metals Corp. | 0.47% | 760,194 | $57.0M | Add +3.8% |
| PBA Pembina Pipeline Corp. | 0.45% | 1,411,423 | $55.2M | Add +35.0% |
| CVE Cenovus Energy Inc. | 0.45% | 3,985,803 | $55.1M | Reduce -8.6% |
| QCOM Qualcomm Inc. | 0.43% | 343,701 | $52.5M | Add +3.5% |
| AVGO Broadcom Inc. | 0.42% | 308,241 | $51.8M | Reduce -16.1% |
| SHOP Shopify Inc. Class A | 0.42% | 532,405 | $51.7M | Reduce -6.6% |
| ORCL Oracle Corp. | 0.42% | 361,843 | $51.5M | Add +7.5% |
| XLK SS Technology Select Sector | 0.38% | 226,092 | $46.9M | Add +2.7% |
| BIP Brookfield Infrastructure Pa | 0.38% | 1,536,052 | $46.2M | Add +2.9% |
| NFLX Netflix Inc. | 0.38% | 49,716 | $46.0M | Add +5.3% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 225,818 | $46.0M | Add +15.4% |
| BEPC Brookfield Renewable Corp. | 0.35% | 1,521,566 | $42.6M | Add +4.2% |
| XLV SS Health Care Select Sector | 0.35% | 297,268 | $42.6M | Reduce -4.1% |
| C Citigroup Inc. | 0.35% | 603,398 | $42.5M | Add +11.4% |
| BIPC Brookfield Infrastructure-A | 0.34% | 1,138,551 | $42.0M | Add +11.1% |
| ATS Ats Corp. | 0.34% | 1,673,096 | $41.5M | Add +2.3% |
| IVV iShares Core S&P 500 ETF | 0.32% | 69,917 | $39.4M | Reduce -17.2% |
| CCJ Cameco Corp. | 0.32% | 944,857 | $39.0M | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 892,679 | $37.0M | Reduce -1.6% |
| FNV Franco-Nevada Corp. | 0.30% | 250,877 | $36.7M | Reduce -4.3% |
| GEHC GE Healthcare Technology | 0.29% | 451,804 | $35.9M | Add +17.6% |
| GS Goldman Sachs Group Inc. | 0.29% | 62,985 | $34.9M | Reduce -7.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 282,884 | $34.7M | Reduce -4.1% |
| STN Stantec Inc. | 0.28% | 408,628 | $33.7M | Reduce -1.2% |
| MGA Magna International Inc. | 0.27% | 900,471 | $33.5M | Reduce -5.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 133,232 | $33.3M | Add +26.2% |
| VOO Vanguard S&P 500 ETF | 0.27% | 64,131 | $33.1M | Reduce -8.6% |
| VWO Vanguard Ftse Emerging Marke | 0.27% | 727,536 | $32.9M | Reduce -14.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 337,011 | $32.9M | Reduce -5.0% |
| TRI Thomson Reuters Corp. | 0.27% | 189,272 | $32.6M | Add +14.5% |
| GLD SPDR Gold Shares | 0.26% | 111,166 | $32.0M | Add +95.7% |
| SOBO South Bow Corp. | 0.26% | 1,243,326 | $31.4M | Add +26.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 65,321 | $30.8M | Reduce -5.9% |
| RSP Invesco S&P 500 Equal Weight | 0.25% | 177,073 | $30.7M | Add +13.4% |
| T AT&T Inc. | 0.25% | 1,168,056 | $30.7M | Add +37.1% |
| UNP Union Pacific Corp. | 0.25% | 129,457 | $30.7M | Reduce -3.4% |
| ABT Abbott Laboratories | 0.25% | 231,937 | $30.5M | Add +23.1% |
| BCE Bce Inc. | 0.24% | 1,274,969 | $28.9M | Reduce -7.9% |
| MS Morgan Stanley | 0.23% | 245,767 | $28.4M | Reduce -5.7% |
| ETN Eaton Corp. PLC | 0.23% | 101,190 | $28.0M | Reduce -18.1% |
| BX Blackstone Inc. | 0.23% | 195,060 | $27.8M | Add +9.8% |
| AMGN Amgen Inc. | 0.23% | 90,788 | $27.8M | Add +1.8% |
| SRE Sempra | 0.22% | 382,399 | $27.3M | Add +6.2% |
| AXP American Express Co. | 0.22% | 98,696 | $26.7M | Reduce -10.0% |
| TMUS T-Mobile US Inc. | 0.22% | 98,203 | $26.3M | Add +14.0% |
| TIP iShares Tips Bond ETF | 0.21% | 236,599 | $26.0M | Add +7.7% |
| WM Waste Management Inc. | 0.21% | 111,484 | $26.0M | Add +1.4% |
| IGF iShares Global Infrastructur | 0.21% | 473,085 | $25.9M | Add +4.7% |
| TSLA Tesla Inc. | 0.21% | 96,079 | $25.8M | Reduce -22.6% |
| PFE Pfizer Inc. | 0.21% | 1,005,712 | $25.7M | Add +27.8% |
| GD General Dynamics Corp. | 0.21% | 93,021 | $25.5M | Reduce -16.7% |
| XOM Exxon Mobil Corp. | 0.21% | 226,628 | $25.3M | Reduce -1.2% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 294,515 | $25.2M | Add +307.3% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $40K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 861 | $24K | Add +185.1% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 1,684 | $12K | Reduce -11.8% |
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | 18,300 | $5K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 448 | $16 | No change |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 200 | $4 | No change |
Total filed on the 13F, all lines: $12.2B.
Portfolio Sells Q4 2024 → Q1 2025
| RY Royal Bank of Canada | Reduce -1.5% | 4.96% | −0.34 |
| AAPL Apple Inc. | Reduce -1.4% | 2.71% | −0.34 |
| ANET Arista Networks Inc. | Reduce -54.5% | 0.15% | −0.30 |
| NVDA Nvidia Corp. | Reduce -3.0% | 1.16% | −0.28 |
| AVGO Broadcom Inc. | Reduce -16.1% | 0.42% | −0.26 |
| BMO Bank of Montreal | Reduce -11.6% | 1.83% | −0.24 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 1.66% | −0.24 |
| TSLA Tesla Inc. | Reduce -22.6% | 0.21% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 0.97% | −0.19 |
| MAR Marriott International Class A | Reduce -85.6% | 0.02% | −0.17 |
| BN Brookfield Corp. | Reduce -2.0% | 1.53% | −0.12 |
| SLF Sun Life Financial Inc. | Reduce -10.5% | 0.82% | −0.12 |
| JNJ Johnson & Johnson | Reduce -22.4% | 0.52% | −0.10 |
| ETN Eaton Corp. PLC | Reduce -18.1% | 0.23% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.3% | 1.59% | −0.10 |
| TFII Tfi International Inc. | Reduce -0.7% | 0.12% | −0.09 |
| LULU Lululemon Athletica Inc. | Reduce -41.2% | 0.06% | −0.08 |
| CVE Cenovus Energy Inc. | Reduce -8.6% | 0.45% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -17.2% | 0.32% | −0.08 |
| APP AppLovin Corp. Class A | Reduce -97.5% | 0.00% | −0.07 |
| ACN Accenture PLC Class A | Reduce -31.3% | 0.11% | −0.07 |
| ENB Enbridge Inc. | Reduce -8.1% | 2.48% | −0.07 |
| SHOP Shopify Inc. Class A | Reduce -6.6% | 0.42% | −0.06 |
| ALAB Astera Labs Inc. | Reduce -63.7% | 0.01% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -59.5% | 0.04% | −0.06 |
| CP Canadian Pacific Kansas City | Reduce -4.9% | 0.95% | −0.06 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -99.9% | 0.00% | −0.06 |
| STZ Constellation Brands Inc. Class A | Reduce -52.8% | 0.04% | −0.06 |
| EMR Emerson Electric Co. | Reduce -40.7% | 0.07% | −0.06 |
| HAL Halliburton Co. | Reduce -46.3% | 0.06% | −0.06 |
| ADBE Adobe Inc. | Reduce -50.3% | 0.04% | −0.06 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -45.3% | 0.06% | −0.06 |
| SPXC SPX Technologies Inc. | Reduce -62.3% | 0.03% | −0.05 |
| PWR Quanta Services Inc. | Reduce -15.9% | 0.12% | −0.05 |
| GIB Cgi Inc. | Reduce -1.2% | 0.53% | −0.05 |
| DIS The Walt Disney Co. | Reduce -5.0% | 0.27% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -10.1% | 0.62% | −0.05 |
| GEV GE Vernova Inc. | Reduce -22.7% | 0.15% | −0.05 |
| TAC Transalta Corp. | Reduce -87.2% | 0.00% | −0.05 |
| TDG Transdigm Group Inc. | Reduce -94.0% | 0.00% | −0.05 |
| MGA Magna International Inc. | Reduce -5.8% | 0.27% | −0.05 |
| VET Vermilion Energy Inc. | Reduce -91.9% | 0.00% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -48.5% | 0.03% | −0.05 |
| EME Emcor Group Inc. | Reduce -71.4% | 0.01% | −0.05 |
| AXP American Express Co. | Reduce -10.0% | 0.22% | −0.04 |
| CAT Caterpillar Inc. | Reduce -14.2% | 0.17% | −0.04 |
| HUBB Hubbell Inc. | Reduce -97.6% | 0.00% | −0.04 |
| PEP Pepsico Inc. | Reduce -28.8% | 0.10% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -46.0% | 0.05% | −0.04 |
| KNF Knife River Corp. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| TD Toronto-Dominion Bank | Add +0.6% | 4.56% | +0.51 |
| AEM Agnico Eagle Mines Ltd. | Add +3.6% | 0.95% | +0.29 |
| FTS Fortis Inc. | Add +4.8% | 1.70% | +0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.0% | 1.28% | +0.22 |
| V Visa Inc. Class A | Add +0.8% | 1.87% | +0.20 |
| TU Telus Corp. | Add +7.9% | 1.26% | +0.17 |
| PLTR Palantir Technologies Inc. Class A | Add +307.3% | 0.21% | +0.16 |
| GLD SPDR Gold Shares | Add +95.7% | 0.26% | +0.15 |
| PBA Pembina Pipeline Corp. | Add +35.0% | 0.45% | +0.14 |
| SYK Stryker Corp. | Add +33.0% | 0.49% | +0.14 |
| WPM Wheaton Precious Metals Corp. | Add +3.8% | 0.47% | +0.14 |
| NTR Nutrien Ltd. | Add +9.0% | 0.75% | +0.12 |
| GE General Electric | Add +15.4% | 0.38% | +0.11 |
| BNS Bank of Nova Scotia | Add +20.9% | 1.77% | +0.11 |
| WCN Waste Connections Inc. | Add +16.3% | 0.49% | +0.11 |
| TPR Tapestry Inc. | Add +3574.9% | 0.11% | +0.10 |
| T AT&T Inc. | Add +37.1% | 0.25% | +0.10 |
| GILD Gilead Sciences Inc. | Add +169.4% | 0.13% | +0.09 |
| IBM Intl Business Machines Corp. | Add +26.2% | 0.27% | +0.09 |
| ARTY iShares Future AI & Tech ETF | Add +1561940.0% | 0.08% | +0.08 |
| CVS CVS Health Corp. | Add +21.5% | 0.20% | +0.08 |
| ABT Abbott Laboratories | Add +23.1% | 0.25% | +0.08 |
| COST Costco Wholesale Corp. | Add +0.0% | 1.40% | +0.07 |
| SOBO South Bow Corp. | Add +26.3% | 0.26% | +0.07 |
| VZ Verizon Communications Inc. | Add +45.3% | 0.18% | +0.07 |
| TMUS T-Mobile US Inc. | Add +14.0% | 0.22% | +0.06 |
| MA Mastercard Inc. Class A | Add +7.5% | 0.52% | +0.06 |
| PM Philip Morris International | Add +173.4% | 0.08% | +0.06 |
| TRI Thomson Reuters Corp. | Add +14.5% | 0.27% | +0.06 |
| QSR Restaurant Brands Intern | Add +5.0% | 0.66% | +0.05 |
| GEHC GE Healthcare Technology | Add +17.6% | 0.29% | +0.05 |
| BROS Dutch Bros Inc. Class A | New | 0.05% | +0.05 |
| NWG Natwest Group PLC -Spon ADR | New | 0.05% | +0.05 |
| BNY Bank of New York Mellon Corp. | Add +93.0% | 0.09% | +0.05 |
| VRN Veren Inc. | Add +1.8% | 0.20% | +0.05 |
| FTNT Fortinet Inc. | Add +67.2% | 0.11% | +0.05 |
| NEM Newmont Corp. | Add +4.9% | 0.16% | +0.05 |
| GDX Vaneck Gold Miners ETF | Add +13.4% | 0.13% | +0.04 |
| META Meta Platforms Inc. Class A | Add +3.3% | 0.98% | +0.04 |
| ESLT Elbit Systems Ltd. | Add +49139.3% | 0.04% | +0.04 |
| PFE Pfizer Inc. | Add +27.8% | 0.21% | +0.04 |
| MELI MercadoLibre Inc. | Add +2054.4% | 0.04% | +0.04 |
| AMGN Amgen Inc. | Add +1.8% | 0.23% | +0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +600.0% | 0.05% | +0.04 |
| C Citigroup Inc. | Add +11.4% | 0.35% | +0.04 |
| DGX Quest Diagnostics Inc. | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +27.2% | 0.12% | +0.04 |
| STX Seagate Technology Holdings | Add +60.9% | 0.10% | +0.04 |
| NFLX Netflix Inc. | Add +5.3% | 0.38% | +0.04 |
| KGC Kinross Gold Corp. | Add +5.3% | 0.12% | +0.04 |
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +185.1% | 861 | $24K |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Reduce -11.8% | 1,684 | $12K |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | Sold out | 901 | $451before 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 |