Trans-Canada Capital Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Trans-Canada Capital Inc. reported 11 stock positions worth $1.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 75.8% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 7.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.9%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 3 and reduced 2. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +16%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −66%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001896476
Portfolio Value
$1.6B (Q3 2025)
SEC Filing
0001896476-25-000006 ↗ filed Nov 10, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q4 2024: $993.7M Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.6B $1.6B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 11 stocks · $1.6B
VOO Vanguard S&P 500 ETF 75.85% 2,031,713 $1.2B Add +15.7%
IBIT iShares Bitcoin Trust ETF 7.47% 1,891,801 $123.0M Add +30.3%
SPY SS SPDR S&P 500 ETF Trust-US 6.93% 170,579 $113.9M Reduce -0.0%
FBTC Fidelity Wise Origin Bitcoin 4.69% 772,842 $77.1M No change
VCSH Vanguard S/T Corp. Bond ETF 2.93% 603,024 $48.2M Reduce -66.4%
BN Brookfield Corp. 0.73% 176,000 $12.1M No change
XLV SS Health Care Select Sector 0.50% 58,927 $8.2M New
RIVN Rivian Automotive Inc. Class A 0.39% 434,467 $6.4M No change
KBE SS SPDR S&P Bank ETF 0.25% 70,000 $4.2M No change
PICK iShares MSCI Global Metals & 0.24% 90,250 $4.0M No change
EFA iShares MSCI Eafe ETF 0.02% 2,895 $270K Add +4.9%

Portfolio Sells Q2 2025 → Q3 2025
VCSH Vanguard S/T Corp. Bond ETF Reduce -66.4% 2.93% −6.78
TIDAL TRUST II Sold out 0.00% −1.50
EWJ iShares MSCI Japan ETF Sold out 0.00% −0.46
XLE SS Energy Select Sector Sold out 0.00% −0.29
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.0% 6.93% −0.27

Portfolio Buys Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Add +15.7% 75.85% +7.68
IBIT iShares Bitcoin Trust ETF Add +30.3% 7.47% +1.42
XLV SS Health Care Select Sector New 0.50% +0.50
EFA iShares MSCI Eafe ETF Add +4.9% 0.02% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 21$1.8BVOO, SPY, AMAT, MU, ASML
Q1 2026 6$1.4BVOO, SPY, KBE, ICLN, GDX
Q4 2025 7$1.7BVOO, SPY, VCSH, IBIT, KBE
Q3 2025 11$1.6BVOO, IBIT, SPY, FBTC, VCSH
Q2 2025 13$1.5BVOO, VCSH, SPY, IBIT, FBTC
Q1 2025 17$1.2BVOO, VCSH, SPY, FBTC, TIDAL TRUST II
Q4 2024 16$993.7MVOO, SPY, TIDAL TRUST II, EMB, EWJ