Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (18 quarters reported)
$2B in Q4 2021 → — now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Rogers Communications Inc | Exited | −7,058,600 | −$271M | — |
| BM Bank Montreal Medium | Exited | −1,671,900 | −$226M | — |
| CI Canadian Imperial Bank Of Co | Exited | −2,131,600 | −$202M | — |
| RB Royal Bk Cda | Exited | −1,224,600 | −$198M | — |
| SE Suncor Energy Inc New | Exited | −2,972,600 | −$197M | — |
| RB Royal Bk Cda | Exited | −1,062,300 | −$172M | — |
| Telus Corporation | Exited | −13,305,600 | −$171M | — |
| Enbridge Inc | Exited | −2,883,200 | −$156M | — |
| CN Canadian Nat Res Ltd Med Ter | Exited | −3,052,500 | −$149M | — |
| Tc Energy Corp | Exited | −2,219,800 | −$139M | — |
Showing the 10 largest of 286 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Bce Inc | Trimmed | −3,788,900 | −$95.6M | 1.1% |
| CI Canadian Imperial Bank Of Co | Trimmed | −863,100 | −$81.8M | 2.5% |
| Tc Energy Corp | Trimmed | −1,192,800 | −$74.7M | 2.8% |
| BM Bank Montreal Medium | Trimmed | −542,500 | −$73.4M | 4.5% |
| BM Bank Montreal Medium | Trimmed | −435,300 | −$58.9M | 1.3% |
| TD Toronto Dominion Bk Ont | Trimmed | −617,100 | −$57.6M | 2.4% |
| TD Toronto Dominion Bk Ont | Trimmed | −580,800 | −$54.2M | 0.7% |
| Pembina Pipeline Corp | Trimmed | −1,138,000 | −$50.9M | 0.8% |
| CI Canadian Imperial Bank Of Co | Exited | −503,924 | −$45.7M | — |
| CI Canadian Imperial Bank Of Co | Added | +478,200 | +$45.3M | 4.1% |
Showing the 10 largest of 295 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BN Bank Nova Scotia Halifax | Trimmed | −950,237 | −$70M | 1.0% |
| BM Bank Montreal Que | Added | +365,300 | +$47.4M | 2.2% |
| CI Canadian Imperial Bank Of Co | New | +503,924 | +$45.7M | 0.8% |
| Rogers Communications Inc | Trimmed | −1,200,321 | −$45.3M | 1.1% |
| Bce Inc | Added | +1,744,300 | +$41.5M | 2.6% |
| Bce Inc | Trimmed | −1,636,600 | −$39M | 2.2% |
| CN Canadian Nat Res Ltd | Trimmed | −1,129,600 | −$38.2M | 2.0% |
| Telus Corporation | Added | +2,798,174 | +$36.9M | 1.5% |
| Cameco Corp | Trimmed | −337,500 | −$30.9M | 0.8% |
| Tc Energy Corp | Added | +504,000 | +$27.7M | 0.9% |
Showing the 10 largest of 291 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TD Toronto Dominion Bk Ont | Trimmed | −1,354,800 | −$108M | 1.4% |
| Rogers Communications Inc | Added | +2,394,200 | +$82.5M | 5.1% |
| Enbridge Inc | Added | +1,609,300 | +$81.2M | 2.9% |
| Brookfield Corp | Added | +799,600 | +$54.8M | 1.5% |
| Sun Life Financial Inc. | Added | +790,100 | +$47.4M | 1.9% |
| BN Bank Nova Scotia Halifax | Added | +690,600 | +$44.6M | 2.4% |
| RB Royal Bk Cda | Trimmed | −262,000 | −$38.6M | 3.5% |
| BM Bank Montreal Que | Added | +270,800 | +$35.3M | 5.4% |
| CN Canadian Nat Res Ltd | Added | +1,091,400 | +$34.9M | 2.8% |
| Telus Corporation | Added | +2,169,000 | +$34.2M | 3.5% |
Showing the 10 largest of 280 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| RB Royal Bk Cda | Added | +464,600 | +$61.1M | 4.8% |
| CI Canadian Imperial Bk Comm | Added | +844,700 | +$59.8M | 2.5% |
| Bce Inc | Trimmed | −2,639,832 | −$58.5M | 0.5% |
| TD Toronto Dominion Bk Ont | Added | +789,400 | +$58M | 4.0% |
| BM Bank Montreal Que | Added | +415,700 | +$46M | 5.0% |
| Bce Inc | Added | +1,906,400 | +$42.3M | 2.4% |
| BN Bank Nova Scotia Halifax | Added | +722,900 | +$40M | 1.7% |
| Bce Inc | Trimmed | −1,497,000 | −$33.2M | 3.2% |
| RB Royal Bk Cda | Trimmed | −222,893 | −$29.3M | — |
| SE Suncor Energy Inc New | Added | +758,700 | +$28.4M | 2.7% |
Showing the 10 largest of 284 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BN Bank Nova Scotia Halifax | Added | +1,316,900 | +$62.5M | 3.7% |
| TD Toronto Dominion Bk Ont | Trimmed | −955,892 | −$57.3M | 0.5% |
| TD Toronto Dominion Bk Ont | Added | +912,700 | +$54.7M | 2.7% |
| BN Bank Nova Scotia Halifax | Added | +984,101 | +$46.7M | 1.5% |
| RB Royal Bk Cda | Added | +407,200 | +$45.9M | 3.7% |
| BM Bank Montreal Que | Trimmed | −363,400 | −$34.7M | 4.3% |
| Bce Inc | Trimmed | −1,444,400 | −$33.2M | 5.4% |
| Tc Energy Corp | Trimmed | −668,600 | −$31.6M | 3.9% |
| Rogers Communications Inc | Added | +948,609 | +$25.4M | 1.6% |
| Pembina Pipeline Corp | Trimmed | −626,900 | −$25.1M | 2.2% |
Showing the 10 largest of 267 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Bce Inc | Added | +4,215,500 | +$97.7M | 6.8% |
| Rogers Communications Inc | Added | +2,240,900 | +$68.9M | 4.0% |
| SE Suncor Energy Inc New | Added | +1,881,300 | +$67.1M | 2.7% |
| TD Toronto Dominion Bk Ont | Added | +1,202,200 | +$64M | 3.9% |
| TD Toronto Dominion Bk Ont | Added | +1,162,496 | +$61.9M | 2.1% |
| Telus Corporation | Added | +3,326,000 | +$45.1M | 4.0% |
| Bce Inc | Added | +1,936,862 | +$44.9M | 2.5% |
| CN Canadian Nat Res Ltd | Added | +1,299,800 | +$40.1M | 2.5% |
| RB Royal Bk Cda | Added | +285,300 | +$34.4M | 5.9% |
| Tc Energy Corp | Trimmed | −661,800 | −$30.8M | 0.9% |
Showing the 10 largest of 269 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| RB Royal Bk Cda | Added | +603,900 | +$75.3M | 5.4% |
| CI Canadian Imperial Bk Comm | Added | +1,161,500 | +$71.2M | 5.0% |
| TD Toronto Dominion Bk Ont | Trimmed | −596,009 | −$37.7M | 0.1% |
| BM Bank Montreal Que | Added | +398,600 | +$36M | 5.9% |
| Tc Energy Corp | Added | +734,100 | +$34.9M | 5.1% |
| Bce Inc | Added | +999,900 | +$34.8M | 5.9% |
| Tc Energy Corp | Trimmed | −638,700 | −$30.4M | 1.0% |
| Pembina Pipeline Corp | Added | +716,300 | +$29.5M | 3.6% |
| SS SPDR S&P 500 ETF Tr | Exited | −43,600 | −$23.7M | — |
| Sun Life Financial Inc. | Trimmed | −369,000 | −$21.4M | 1.5% |
Showing the 10 largest of 277 changes.
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