Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$211M in Q1 2014 → $4.41B 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 |
|---|---|---|---|---|
| SE Suncor Energy Inc. | 9.8% | Added 101% | 6,331,336 | $430M |
| Pembina Pipeline Corp. | 7.5% | Added 102% | 7,356,398 | $329M |
| Manulife Financial Corp. | 4.0% | Trimmed 12% | 4,099,098 | $175M |
| Royal Bank Of Canada | 4.0% | Trimmed 0.6% | 886,886 | $175M |
| Bank Of Nova Scotia | 3.8% | Trimmed 7.9% | 1,858,134 | $169M |
| Bank Of Montreal | 3.7% | Trimmed 1.5% | 983,830 | $165M |
| CI Canadian Imperial Bank Of Comm | 3.5% | Trimmed 8.2% | 1,407,112 | $155M |
| CP Canadian Pacific Kansas City L | 3.4% | Added 1.8% | 1,732,658 | $148M |
| Tc Energy Corp. | 3.3% | Trimmed 0.6% | 2,537,275 | $147M |
| CI Ccl Industries Inc. | 3.2% | Added 2.7% | 2,162,426 | $143M |
| Canadian National Railway Co. | 3.2% | Trimmed 5.1% | 1,190,268 | $142M |
| Gildan Activewear Inc. | 3.2% | Added 9.3% | 3,309,542 | $141M |
| IF Intact Financial Corp | 2.9% | Added 2.9% | 748,038 | $130M |
| Brookfield Corp. | 2.8% | Added 2.3% | 3,321,845 | $122M |
| Saputo Inc. | 2.7% | Added 1.2% | 4,203,742 | $118M |
| Stantec Inc. | 2.5% | New | 1,620,272 | $110M |
| NB National Bank Of Canada | 2.4% | Trimmed 0.7% | 741,834 | $106M |
| Sun Life Financial Inc. | 2.1% | Added 0.6% | 1,176,271 | $91.9M |
| CT Canadian Tire Corp. Ltd. - Cla | 2.1% | Trimmed 34% | 666,026 | $90.5M |
| Element Fleet Management Corp. | 1.8% | Added 1.9% | 5,069,906 | $80.9M |
| Abbvie Inc. | 1.5% | Trimmed 10% | 245,195 | $64.1M |
| Nxp Semiconductors Nv | 1.3% | Added 52% | 242,298 | $57.6M |
| Applied Materials Inc. | 1.2% | Trimmed 0.2% | 101,516 | $51.9M |
| TS Taiwan Semiconductor Manufactu | 1.1% | Added 1.0% | 108,640 | $49.6M |
| United Rentals Inc. | 1.1% | Trimmed 0.9% | 49,221 | $49.3M |
| Cummins Inc. | 1.1% | Trimmed 2.0% | 93,947 | $48.5M |
| EI Exchange Income Corp. | 1.1% | Added 13% | 551,247 | $48.2M |
| SA Siemens Ag - ADR | 1.0% | Added 0.3% | 294,346 | $45.7M |
| Visa Inc. | 1.0% | Added 1.7% | 120,294 | $43.2M |
| SE Schneider Electric Se - ADR | 0.9% | Added 0.8% | 627,927 | $41.3M |
| Microsoft Corp. | 0.9% | Added 0.8% | 80,427 | $41.3M |
| AP Air Products & Chemicals Inc. | 0.9% | Added 0.2% | 138,410 | $38.5M |
| Broadcom Inc. | 0.9% | Added 24% | 109,353 | $38.4M |
| Wells Fargo & Co. | 0.9% | Added 0.8% | 471,833 | $37.8M |
| Carrier Global Corp. | 0.9% | Added 19% | 686,997 | $37.7M |
| Te Connectivity PLC | 0.8% | Added 13% | 176,320 | $37.2M |
| Nextera Energy Inc. | 0.8% | Added 4.9% | 460,576 | $34.9M |
| Entergy Corp. | 0.8% | Added 7.5% | 347,670 | $34.5M |
| HD Home Depot Inc./the | 0.8% | Added 0.9% | 121,238 | $34.5M |
| Booking Holdings Inc. | 0.8% | Added 0.2% | 206,488 | $33.6M |
| Nutrien Ltd. | 0.7% | Added 1.0% | 453,977 | $32M |
| Becton Dickinson And Co. | 0.7% | Trimmed 0.5% | 177,450 | $31.8M |
| BR Boardwalk Real Estate Investme | 0.7% | Added 0.8% | 710,780 | $30.8M |
| Merck & Co. Inc. | 0.7% | Trimmed 1.1% | 204,106 | $29.7M |
| Medtronic PLC | 0.7% | Added 3.4% | 340,500 | $29.4M |
| ES Enel Spa - ADR | 0.6% | Trimmed 1.3% | 2,833,130 | $28M |
| UP Unilever PLC - ADR | 0.6% | Added 2.0% | 450,494 | $27.4M |
| SS Sap Se - ADR | 0.4% | Trimmed 0.1% | 90,908 | $19M |
| UB Us Bancorp | 0.4% | Trimmed 0.3% | 325,446 | $18.8M |
| Conocophillips | 0.4% | Added 3.4% | 143,522 | $18M |
| Honeywell International Inc. | 0.4% | Added 0.3% | 82,284 | $17.4M |
| Equinix Inc. | 0.4% | Trimmed 0.4% | 17,156 | $17.4M |
| GR Granite Real Estate Investment | 0.4% | New | 272,809 | $16.3M |
| Arthur J. Gallagher & Co. | 0.3% | Added 17% | 51,044 | $11.6M |
| Emera Inc. | 0.2% | Trimmed 1.0% | 221,475 | $10.6M |
| Enbridge Inc. | 0.2% | Trimmed 48% | 219,173 | $10.2M |
| The North West Co Inc. | 0.2% | Added 2.2% | 245,430 | $9.48M |
| BA Brookfield Asset Management Lt | 0.1% | Added 2.9% | 87,292 | $3.91M |
| IS Iberdrola Sa-sponsored ADR | 0.0% | Trimmed 0.5% | 20,605 | $1.92M |
| Toronto-dominion Bank | 0.0% | Trimmed 1.2% | 11,870 | $1.4M |
Showing top 60 of 72 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 16, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SE Suncor Energy Inc. | Added | +3,181,648 | +$216M | 9.8% |
| Pembina Pipeline Corp. | Added | +3,721,819 | +$167M | 7.5% |
| Stantec Inc. | New | +1,620,272 | +$110M | 2.5% |
| CT Canadian Tire Corp. Ltd. - Cla | Trimmed | −343,454 | −$46.7M | 2.1% |
| Manulife Financial Corp. | Trimmed | −580,082 | −$24.8M | 4.0% |
| LM Lvmh Moet Hennessy Louis Vuitton ADR | Exited | −205,448 | −$22.7M | — |
| Nxp Semiconductors Nv | Added | +82,719 | +$19.6M | 1.3% |
| GR Granite Real Estate Investment | New | +272,809 | +$16.3M | 0.4% |
| Bank Of Nova Scotia | Trimmed | −160,390 | −$14.6M | 3.8% |
| CI Canadian Imperial Bank Of Comm | Trimmed | −126,134 | −$13.9M | 3.5% |
Showing the 10 largest of 69 changes.
quarter ended June 30, 2026 · filed July 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sun Life Financial Inc. | Trimmed | −1,062,650 | −$83.3M | 2.2% |
| Applied Materials Inc. | Trimmed | −85,994 | −$62.2M | 1.8% |
| EI Exchange Income Corp. | New | +487,183 | +$45.4M | 1.1% |
| Saputo Inc. | Trimmed | −1,433,338 | −$41.4M | 2.9% |
| Visa Inc. | New | +118,305 | +$40.6M | 1.0% |
| Booking Holdings Inc. | Added | +197,980 | +$35.3M | 0.9% |
| T-mobile Us Inc. | Trimmed | −192,666 | −$32.3M | — |
| Honeywell International Inc. | Exited | −141,392 | −$32M | — |
| Te Connectivity PLC | New | +156,207 | +$31.5M | 0.8% |
| LM Lvmh Moet Hennessy Louis Vuitton ADR | New | +205,448 | +$22.7M | 0.5% |
Showing the 10 largest of 69 changes.
quarter ended March 31, 2026 · filed April 07, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CI Ccl Industries Inc. | New | +1,902,215 | +$119M | 3.2% |
| NB National Bank Of Canada | New | +758,948 | +$97.9M | 2.6% |
| Sun Life Financial Inc. | Added | +1,157,110 | +$72.3M | 3.8% |
| Oracle Corp. | Exited | −133,990 | −$35.8M | — |
| Enbridge Inc. | Trimmed | −451,711 | −$24.4M | 0.6% |
| Canadian National Railway Co. | Added | +211,111 | +$21.7M | 3.3% |
| IF Intact Financial Corp | Added | +96,485 | +$17.4M | 3.1% |
| Canadian Imperial Bank Of Commerce | Trimmed | −179,828 | −$17M | 4.0% |
| Entergy Corp. | Added | +150,810 | +$16.9M | 0.9% |
| Abbvie Inc. | Added | +60,677 | +$13.2M | 1.5% |
Showing the 10 largest of 69 changes.
quarter ended December 31, 2025 · filed January 22, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enbridge Inc. | Trimmed | −1,735,098 | −$114M | 1.3% |
| CI Ccl Industries Inc. | Exited | −1,561,966 | −$88.1M | — |
| NB National Bank Of Canada | Exited | −800,544 | −$85.1M | — |
| Brookfield Corp. | Added | +913,603 | +$57.6M | 4.4% |
| Microsoft Corp. | Added | +54,287 | +$36M | 0.8% |
| UP Unilever PLC - ADR | New | +383,058 | +$34.4M | 0.8% |
| Canadian National Railway Co. | Added | +232,120 | +$31.5M | 3.0% |
| UP Unilever PLC - ADR | Exited | −432,684 | −$25.6M | — |
| LM Lvmh Moet Hennessy Louis Vuitton ADR | Exited | −181,821 | −$22.2M | — |
| Bank Of Montreal | Trimmed | −119,500 | −$21.3M | 4.0% |
Showing the 10 largest of 77 changes.
quarter ended September 30, 2025 · filed October 03, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SG Sony Group Corp. - ADR | Trimmed | −923,405 | −$26.6M | 0.5% |
| LM Lvmh Moet Hennessy Louis Vuitton ADR | New | +181,821 | +$22.2M | 0.6% |
| Carrier Global Corp. | Added | +364,689 | +$21.8M | 0.6% |
| Stanley Black & Decker Inc. | Trimmed | −287,607 | −$21.4M | — |
| Taiwan Semiconductor Manufacturing Co. Ltd. | New | +70,352 | +$19.6M | 0.6% |
| IF Intact Financial Corp | Added | +81,291 | +$15.8M | 2.9% |
| Pepsico Inc. | Trimmed | −103,695 | −$14.6M | — |
| Entergy Corp. | New | +128,830 | +$12M | 0.3% |
| Canadian Pacific Kansas City Ltd. | Added | +155,640 | +$11.6M | 3.2% |
| CT Canadian Tire Corp. Ltd. - Class A | Trimmed | −88,310 | −$10.5M | 3.5% |
Showing the 10 largest of 75 changes.
quarter ended June 30, 2025 · filed July 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CC Comcast Corp. Class A | Trimmed | −638,095 | −$22.8M | — |
| LM Lvmh Moet Hennessy Louis Vuitt | Exited | −165,911 | −$20.6M | — |
| SE Schneider Electric Se - ADR | Added | +376,335 | +$20.1M | 0.6% |
| CT Canadian Tire Corp. Ltd. - Class | Trimmed | −84,487 | −$11.5M | 4.7% |
| Saputo Inc. | Added | +496,365 | +$10.2M | 3.6% |
| Emera Inc. | Exited | −223,575 | −$9.42M | — |
| The North West Co Inc. | Exited | −187,345 | −$6.62M | — |
| Broadcom Inc. | Trimmed | −9,245 | −$2.55M | 0.8% |
| Canadian National Railway Co. | Added | +22,035 | +$2.3M | 2.4% |
| T-mobile Us Inc. | Trimmed | −9,027 | −$2.15M | 1.3% |
Showing the 10 largest of 69 changes.
quarter ended March 31, 2025 · filed April 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LM Lvmh Moet Hennessy Louis Vuitt | New | +165,911 | +$20.6M | 0.7% |
| Bank Of Montreal | Trimmed | −178,185 | −$17M | 3.6% |
| Saputo Inc. | Added | +962,304 | +$16.6M | 3.0% |
| Royal Bank Of Canada | Trimmed | −98,670 | −$11.1M | 3.5% |
| Oracle Corp | Trimmed | −71,387 | −$9.98M | 0.7% |
| Emera Inc. | New | +223,575 | +$9.42M | 0.3% |
| SS Sap Se - ADR | Trimmed | −32,947 | −$8.84M | 0.7% |
| Applied Materials Inc. | Added | +57,495 | +$8.34M | 1.0% |
| The North West Co Inc. | New | +187,345 | +$6.62M | 0.2% |
| CP Canadian Pacific Kansas City L | Added | +83,705 | +$5.88M | 3.2% |
Showing the 10 largest of 70 changes.
quarter ended December 31, 2024 · filed January 17, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CT Canadian Tire Corp. Ltd. - Class A | New | +1,199,279 | +$126M | 4.3% |
| IF Intact Financial Corp | New | +441,622 | +$80.2M | 2.7% |
| CI Ccl Industries Inc. | New | +1,491,111 | +$76.5M | 2.6% |
| NB National Bank Of Canada | New | +815,597 | +$74.2M | 2.5% |
| Element Fleet Management Corp. | New | +3,637,800 | +$73.4M | 2.5% |
| Saputo Inc. | New | +4,114,835 | +$71.4M | 2.4% |
| BR Boardwalk Real Estate Investme | New | +642,847 | +$28.7M | 1.0% |
| SA Siemens Ag - ADR | New | +290,667 | +$28.1M | 1.0% |
| SG Sony Group Corp. - ADR | Added | +1,287,259 | +$27.2M | 1.2% |
| Canadian Imperial Bank Of Commerce | Trimmed | −374,330 | −$23.6M | 4.1% |
Showing the 10 largest of 71 changes.
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