Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (15 quarters reported)
$7.16B in Q1 2023 → $8.31B now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Canadian National Railway Co | 4.7% | Trimmed 2.9% | 3,309,796 | $388M |
| S Schlumberger Ltd | 4.4% | Trimmed 2.6% | 7,531,182 | $367M |
| TS Taiwan Semiconductor Manufactu | 3.6% | Trimmed 11% | 642,620 | $295M |
| VC Visa Inc Com Cl A | 2.8% | Trimmed 0.9% | 657,372 | $237M |
| RB Restaurant Brands Intl Inc | 2.8% | Added 0.1% | 3,359,091 | $234M |
| Alphabet Inc | 2.7% | Trimmed 8.1% | 662,714 | $224M |
| Eqt Corp | 2.5% | Added 2.9% | 4,136,572 | $206M |
| Otis Worldwide Corp | 2.5% | Added 4.7% | 3,188,862 | $206M |
| PM Philip Morris International In | 2.3% | Trimmed 0.2% | 1,014,129 | $191M |
| Canadian Pacific Kansas City Ltd | 2.3% | Added 0.1% | 2,228,628 | $188M |
| Thermo Fisher Scientific Inc | 2.3% | Trimmed 7.2% | 287,690 | $188M |
| Microsoft Corp | 2.2% | Trimmed 22% | 363,891 | $187M |
| Johnson & Johnson | 2.2% | Trimmed 0.2% | 714,643 | $185M |
| Agnico Eagle Mines Limited | 2.1% | Added 131% | 986,414 | $178M |
| Cvs Health Corp | 2.1% | Trimmed 8.2% | 2,014,839 | $172M |
| Danaher Corp | 2.0% | Added 43% | 800,124 | $169M |
| Emerson Electric Co | 2.0% | Added 41% | 1,025,830 | $163M |
| Nutrien Ltd | 1.9% | Added 8.7% | 2,318,096 | $162M |
| Deere & Co | 1.9% | Added 0.1% | 240,105 | $160M |
| Mastercard Inc | 1.9% | Trimmed 3.0% | 286,138 | $157M |
| Moody's Corp | 1.9% | Trimmed 6.5% | 348,842 | $156M |
| Expand Energy Corp | 1.8% | Added 584% | 1,742,706 | $149M |
| Range Resources Corp | 1.8% | Added 19% | 3,942,391 | $148M |
| Wheaton Precious Metals Corp | 1.7% | Added 79% | 1,070,765 | $143M |
| Elevance Health Inc | 1.7% | Added 0.3% | 364,526 | $139M |
| Royal Bank Of Canada | 1.6% | Added 0.1% | 699,679 | $137M |
| Lockheed Martin Corp | 1.6% | Added 0.2% | 261,418 | $132M |
| Intercontinental Hotels Group PLC | 1.6% | Trimmed 8.7% | 824,254 | $132M |
| Intercontinental Exchange Inc | 1.5% | Added 3.4% | 845,608 | $128M |
| Wells Fargo & Co | 1.5% | Added 0.1% | 1,569,864 | $126M |
| CE Cenovus Energy Inc | 1.5% | Added 0.1% | 3,961,386 | $125M |
| Canadian Natural Resources Ltd | 1.5% | Added 7.1% | 2,609,343 | $125M |
| Enerflex Ltd | 1.4% | Trimmed 0.8% | 4,664,632 | $119M |
| Rb Global Inc | 1.4% | Added 3.0% | 1,443,141 | $118M |
| Cme Group Inc | 1.4% | Trimmed 9.7% | 442,922 | $117M |
| Analog Devices Inc | 1.4% | Trimmed 19% | 285,099 | $115M |
| Equifax Inc | 1.3% | Added 4373% | 796,817 | $111M |
| Teck Resources Ltd | 1.3% | Added 0.1% | 1,695,665 | $111M |
| Autozone Inc | 1.3% | Trimmed 5.2% | 38,941 | $110M |
| M&T Bank Corp | 1.3% | Trimmed 0.2% | 499,644 | $109M |
| Amazon.com Inc | 1.1% | Added 39% | 373,810 | $92.8M |
| TC Tjx Cos Inc/the | 1.1% | Added 4.9% | 693,717 | $92.7M |
| SC Sherwin-williams Co/the | 1.1% | Trimmed 2.9% | 286,457 | $91.9M |
| Msci Inc | 1.1% | Trimmed 6.6% | 167,631 | $91.4M |
| Texas Instruments Inc | 1.1% | Trimmed 35% | 321,950 | $90.6M |
| Halliburton Co | 1.0% | Trimmed 54% | 2,666,600 | $85M |
| SS Ss SPDR S&P Og Exp & Prod Put | 0.8% | New | 380,000 | $68.1M |
| MI Mettler-toledo International I | 0.8% | Trimmed 9.4% | 45,544 | $67.5M |
| S Slb Ltd Call | 0.7% | New | 1,270,000 | $61.9M |
| Uber Technologies Inc | 0.6% | New | 766,455 | $52M |
| Carrier Global Corp | 0.6% | Trimmed 5.9% | 939,200 | $51.9M |
| Expand Energy Corp Call | 0.6% | New | 570,000 | $48.1M |
| Fiserv Inc | 0.5% | Trimmed 0.6% | 997,287 | $45.3M |
| Linde PLC | 0.5% | Added 265% | 87,022 | $40.9M |
| Weatherford International PLC | 0.5% | Trimmed 24% | 516,866 | $40.6M |
| Range Resources Corp Call | 0.5% | New | 1,070,000 | $39.8M |
| Eqt Corp Call | 0.4% | New | 625,000 | $30.4M |
| Northrop Grumman Corp | 0.3% | Added 0.3% | 54,111 | $26.1M |
| Ovintiv Inc Call | 0.3% | New | 450,000 | $26M |
| Corteva Inc | 0.3% | Added 0.1% | 1,868,535 | $23.5M |
Showing top 60 of 120 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 21, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ross Stores Inc | Exited | −800,488 | −$170M | — |
| Expand Energy Corp | Added | +1,487,814 | +$127M | 1.8% |
| Equifax Inc | Added | +779,005 | +$109M | 1.3% |
| Agnico Eagle Mines Limited | Added | +558,492 | +$101M | 2.1% |
| Halliburton Co | Trimmed | −3,122,918 | −$99.5M | 1.0% |
| SS Ss SPDR S&P Og Exp & Prod | New | +380,000 | +$68.1M | 0.8% |
| Wheaton Precious Metals Corp | Added | +471,905 | +$62.9M | 1.7% |
| S Slb Ltd | New | +1,270,000 | +$61.9M | 0.7% |
| Microsoft Corp | Trimmed | −102,000 | −$52.3M | 2.2% |
| Uber Technologies Inc | New | +766,455 | +$52M | 0.6% |
Showing the 10 largest of 124 changes.
quarter ended June 30, 2026 · filed July 16, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| S Schlumberger Ltd | Added | +3,489,344 | +$162M | 4.4% |
| Danaher Corp | New | +558,214 | +$106M | 1.3% |
| Expand Energy Corp | Trimmed | −838,544 | −$82.8M | 0.3% |
| Sunbelt Rentals Holdings Inc | Trimmed | −1,110,004 | −$81M | — |
| Thermo Fisher Scientific Inc | Added | +148,999 | +$74.7M | 1.9% |
| TS Taiwan Semiconductor Manufactu | Trimmed | −144,200 | −$68.9M | 4.3% |
| Emerson Electric Co | Added | +481,037 | +$68.9M | 1.3% |
| Medtronic PLC | Exited | −743,236 | −$64.4M | — |
| Halliburton Co | Added | +1,723,741 | +$58.5M | 2.4% |
| Eqt Corp | Added | +1,030,676 | +$55.2M | 2.7% |
Showing the 10 largest of 110 changes.
quarter ended March 31, 2026 · filed April 22, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| S Schlumberger Ltd | Added | +3,103,468 | +$161M | 3.0% |
| Canadian Pacific Kansas City Ltd | Added | +2,028,010 | +$160M | 2.2% |
| Halliburton Co | New | +4,065,777 | +$159M | 2.2% |
| Roper Technologies Inc | Trimmed | −318,303 | −$129M | 0.1% |
| Wells Fargo & Co | Trimmed | −1,433,654 | −$114M | 1.5% |
| TS Taiwan Semiconductor Manufactu | Trimmed | −333,400 | −$113M | 4.0% |
| Expand Energy Corp | Added | +1,011,432 | +$112M | 1.7% |
| Corteva Inc | New | +1,285,193 | +$108M | 1.5% |
| Canadian Natural Resources Ltd | Trimmed | −2,155,438 | −$105M | 2.3% |
| Deere & Co | New | +178,617 | +$101M | 1.4% |
Showing the 10 largest of 122 changes.
quarter ended December 31, 2025 · filed January 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Intercontinental Hotels Group | New | +1,257,505 | +$177M | 2.4% |
| Lockheed Martin Corp | New | +344,027 | +$166M | 2.3% |
| Sysco Corp | Exited | −1,427,181 | −$118M | — |
| CE Cenovus Energy Inc | New | +6,068,200 | +$103M | 1.4% |
| Unitedhealth Group Inc | Trimmed | −273,834 | −$90.4M | 0.2% |
| Johnson & Johnson | Added | +434,743 | +$90M | 1.4% |
| Oracle Corp | Trimmed | −457,320 | −$89.1M | 0.2% |
| Agnico Eagle Mines Limited | Trimmed | −417,540 | −$70.8M | 1.6% |
| American Express Co | Trimmed | −173,199 | −$64.1M | 1.6% |
| PM Philip Morris International In | Trimmed | −394,353 | −$63.3M | 1.4% |
Showing the 10 largest of 113 changes.
quarter ended September 30, 2025 · filed October 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Intercontinental Hotels Group | Exited | −1,349,305 | −$154M | — |
| Roper Technologies Inc | Added | +230,880 | +$115M | 1.7% |
| Intercontinental Exchange Inc | New | +663,757 | +$112M | 1.6% |
| Otis Worldwide Corp | Added | +940,862 | +$86M | 3.1% |
| Diageo PLC | Exited | −3,015,679 | −$79.1M | — |
| Cgi Inc | Trimmed | −833,324 | −$74.2M | 0.1% |
| Hca Healthcare Inc | Exited | −164,896 | −$63.2M | — |
| PM Philip Morris International In | Added | +369,652 | +$60M | 2.4% |
| American Express Co | Trimmed | −179,338 | −$59.6M | 2.3% |
| Sap Se | Exited | −183,630 | −$55.9M | — |
Showing the 10 largest of 114 changes.
quarter ended June 30, 2025 · filed July 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Intercontinental Hotels Group | New | +1,349,305 | +$154M | 2.2% |
| Capital One Financial Corp | New | +606,238 | +$129M | 1.8% |
| Discover Financial Services | Exited | −594,385 | −$101M | — |
| Teck Resources Ltd | New | +2,410,034 | +$97.5M | 1.4% |
| PM Philip Morris International In | Trimmed | −489,574 | −$89.2M | 1.7% |
| Adobe Inc | Trimmed | −209,407 | −$81M | 0.2% |
| Oracle Corp | Added | +367,400 | +$80.3M | 1.5% |
| Diageo PLC | New | +3,015,679 | +$79.1M | 1.1% |
| Wheaton Precious Metals Corp | Trimmed | −792,030 | −$71.3M | 1.3% |
| Salesforce Inc | New | +210,263 | +$57.3M | 0.8% |
Showing the 10 largest of 116 changes.
quarter ended March 31, 2025 · filed April 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Diageo PLC | Trimmed | −8,068,468 | −$845M | 0.1% |
| Canadian Natural Resources Ltd | Added | +3,797,846 | +$117M | 2.3% |
| Sysco Corp | Added | +1,426,332 | +$107M | 1.7% |
| Cvs Health Corp | New | +1,388,195 | +$94.1M | 1.5% |
| Elevance Health Inc | Trimmed | −200,893 | −$87.4M | 2.3% |
| Eqt Corp | Trimmed | −1,629,800 | −$85M | 0.8% |
| Adobe Inc | Added | +219,319 | +$84.1M | 1.5% |
| Agnico Eagle Mines Limited | Trimmed | −550,558 | −$59.7M | 2.5% |
| Unitedhealth Group Inc | Added | +100,659 | +$52.7M | 4.7% |
| Toronto Dominion Bank | New | +854,767 | +$51.2M | 0.8% |
Showing the 10 largest of 105 changes.
quarter ended December 31, 2024 · filed January 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Diageo PLC | Added | +8,104,301 | +$257M | 4.2% |
| Alphabet Inc | Added | +1,191,880 | +$226M | 4.4% |
| Microsoft Corp | Added | +518,930 | +$219M | 4.2% |
| Canadian National Railway Co | New | +2,137,743 | +$217M | 3.5% |
| TS Taiwan Semiconductor Manufactu | Added | +1,074,478 | +$212M | 5.1% |
| Autozone Inc | Added | +52,753 | +$169M | 3.3% |
| Moody's Corp | Added | +353,431 | +$167M | 3.3% |
| Mastercard Inc | Added | +301,285 | +$159M | 3.0% |
| LC Lowe's Cos Inc | Trimmed | −496,512 | −$123M | 0.3% |
| Cme Group Inc | Added | +476,019 | +$111M | 2.1% |
Showing the 10 largest of 105 changes.
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