Institution

Connor, Clark & Lunn Investment Management Ltd.

13F for June 30, 2026, filed August 13, 2026 · SEC CIK 1596800 · Holdings history from March 31, 1999

Reported value: $52.8bn
Positions we cover: 1,489
Copy, a year: +8.6%
Copy Sharpe ratio: 0.41

Copy-performance statistics: February 8, 2008 to November 2, 2026. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Includes earlier holdings reported by Connor Clark & Lunn Investment Management Ltd. Reporting history

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

Reports holdings for Desjardins Global Asset Management Inc. · SEC notice for March 31, 2017

Holdings date Find a security

1,622 reported entries for June 30, 2026.

Issuer	Class / type	Reported value	Quantity
BRISTOW GROUP INC11040G103 · VTOL	COM	$206,022	4,986
BRITISH AMERN TOB PLC110448107 · BTI	SPONSORED ADR	$149.1m	2,414,293
BROADCOM INC11135F101 · AVGO	COM	$579.3m	1,533,500
BROADSTONE NET LEASE INC11135E203 · BNL	COM	$874,196	42,293
BROOKDALE SR LIVING INC112463104 · BKD	COM	$1.1m	69,718
BROOKFIELD ASSET MANAGMT LTD113004105 · BAM	CL A LMT VTG SHS	$49.0m	1,091,775
BROOKFIELD CORP11271J107	CL A LTD VT SH	$206.0m	4,832,734
BROOKFIELD INFRASTRUCTURE CO11276H106	COM SUB VTG A	$15.0m	389,114
BROOKFIELD INFRASTRUCTURE PAG16252101	LP INT UNIT	$148.8m	4,077,153
BROOKFIELD RENEWABLE CORP11285B108	CL A EX SUB VTG	$18.2m	491,233
BROOKFIELD RENEWABLE ENERGYG16258108	PARTNERSHIP UNIT	$162.9m	4,706,519
BROWN & BROWN INC115236101 · BRO	COM	$11.2m	174,180
BRP INC05577W200	COM SUN VTG	$39.5m	646,753
BRUNSWICK CORP117043109 · BC	COM	$825,131	9,795
BUCKLE INC118440106 · BKE	COM	$369,841	8,764
BUMBLE INC12047B105 · BMBL	COM CL A	$2.7m	844,243
BUNGE GLOBAL SAH11356104 · BG	COM SHS	$21.3m	199,115
BURLINGTON STORES INC122017106 · BURL	COM	$15.5m	49,046
SONY GROUP CORP835699307	SPONSORED ADR	$53.6m	2,669,605
SOUTH BOW CORP83671M105 · SOBO	COM	$97.8m	2,779,943
SOUTH PLAINS FINANCIAL INC83946P107 · SPFI	COM	$802,975	18,637
SOUTHERN COPPER CORP84265V105 · SCCO	COM	$949,543	5,449
SOUTHERN FIRST BANCSHARES842873101 · SFST	COM	$2.1m	34,246
SOUTHERN MO BANCORP INC843380106 · SMBC	COM	$1.0m	13,681
SOUTHSTATE BK CORP84472E102 · SSB	COM	$969,330	9,703
SOUTHWEST AIRLS CO844741108 · LUV	COM	$25.6m	496,959
SPACE EXPLORATION TECHN CORP84615Q103 · SPCX	CLASS A COM STK	$3.0m	17,426
SPIRE INC84857L101 · SR	COM	$1.2m	14,987
SPOK HLDGS INC84863T106 · SPOK	COM	$1.1m	107,475
SPOTIFY TECHNOLOGY S AL8681T102 · SPOT	SHS	$92.0m	200,271
SPROTT INC852066208 · SII	COM NEW	$135.9m	1,203,583
SPROUT SOCIAL INC85209W109 · SPT	COM CL A	$2.0m	259,938
SPROUTS FMRS MKT INC85208M102 · SFM	COM	$1.8m	21,475
SPX TECHNOLOGIES INC78473E103 · SPXC	COM	$5.1m	20,990
SPYRE THERAPEUTICS INC00773J202 · SYRE	COM NEW	$426,233	4,801
SSR MINING IN784730103 · SSRM	COM	$56.2m	1,988,447
STANDARD BIOTOOLS INC34385P108 · LAB	COM	$17,120	20,809
STANDARDAERO INC85423L103 · SARO	COM	$666,814	22,294
STANTEC INC85472N109 · STN	COM	$9.9m	143,215
STARBUCKS CORP855244109 · SBUX	COM	$80.2m	785,220
STARZ ENTERTAINMENT CORP.855919106 · STRZ	COM	$1.4m	48,885
STATE STR CORP857477103 · STT	COM	$1.1m	6,729
STEEL DYNAMICS INC858119100 · STLD	COM	$59.2m	258,007
STEPAN CO858586100 · SCL	COM	$777,015	13,945
STERIS PLCG8473T100 · STE	SHS USD	$213,939	1,016
STERLING INFRASTRUCTURE INC859241101 · STRL	COM	$747,870	891
STEWART INFORMATION SVCS COR860372101 · STC	COM	$588,304	8,911
STIFEL FINL CORP860630102 · SF	COM	$16.9m	241,582
STITCH FIX INC860897107 · SFIX	COM CL A	$1.8m	436,611
STONECO LTDG85158106 · STNE	COM CL A	$1.8m	167,466
STONERIDGE INC86183P102 · SRI	COM	$308,794	42,185
STRATA CRITICAL MEDICAL INC092667104 · SRTA	CL A COM	$358,861	68,095
STRATASYS LTDM85548101 · SSYS	SHS	$3.7m	432,654
STRATEGIC ED INC86272C103 · STRA	COM	$1.7m	21,922
STRATTEC SEC CORP863111100 · STRT	COM	$725,964	8,913
STURM RUGER & CO INC864159108 · RGR	COM	$435,578	11,508
SUMITOMO MITSUI FIN GRP INC86562M209	SPONSORED ADR	$6.0m	252,927
SUMMIT HOTEL PPTYS866082100 · INN	COM	$698,568	99,653
SUN LIFE FINANCIAL INC.866796105 · SLF	COM	$103.2m	1,315,807
SUNBELT RENTALS HOLDINGS INC866966104 · SUNB	SHS	$7.2m	98,678
SUNCOKE ENERGY INC86722A103 · SXC	COM	$6.6m	821,587
BUSINESS FIRST BANCSHARES IN12326C105 · BFST	COM	$1.5m	49,454
BWX TECHNOLOGIES INC05605H100 · BWXT	COM	$1.5m	7,673
C & F FINL CORP12466Q104 · CFFI	COM	$439,280	5,491
C4 THERAPEUTICS INC12529R107 · CCCC	COM STK	$1.4m	300,734
CABLE ONE INC12685J105 · CABO	COM	$1.4m	26,727
CACI INTL INC127190304 · CACI	CL A	$12.0m	25,924
CADENCE DESIGN SYSTEM INC127387108 · CDNS	COM	$54.3m	144,739
CAE INC124765108 · CAE	COM	$65.2m	2,607,255
CAESARS ENTERTAINMENT INC NE12769G100 · CZR	COM	$25.1m	833,074
CAL MAINE FOODS INC128030202 · CALM	COM NEW	$7.3m	90,302
CALERES INC129500104 · CAL	COM	$3.9m	314,584
CALIFORNIA BANCORP84252A106 · BCAL	COM	$547,279	26,261
CALIFORNIA RES CORP13057Q305 · CRC	COM STOCK	$1.7m	32,183
CALIX INC13100M509 · CALX	COM	$7.5m	202,137
CAMDEN NATL CORP133034108 · CAC	COM	$1.6m	29,336
CAMDEN PPTY TR133131102 · CPT	SH BEN INT	$10.2m	88,858
CAMECO CORP13321L108 · CCJ	COM	$302.0m	2,965,721
CANADIAN IMPERIAL BANK OF CO136069101 · CM	COM	$916.8m	7,969,186
CANADIAN NAT RES LTD MED TER136385101 · CNQ	COM	$180.5m	4,567,458
CANADIAN NATL RY CO136375102	COM	$676.4m	5,674,241
CANADIAN PACIFIC KANSAS CITY13646K108 · CP	COM	$803.0m	9,270,972
CAPITAL BANCORP INC MD139737100 · CBNK	COM	$2.3m	64,430
CAPITOL FED FINL INC14057J101 · CFFN	COM	$1.9m	223,471
CARDINAL HEALTH INC14149Y108 · CAH	COM	$844,288	3,554
CAREDX INC14167L103 · CDNA	COM	$7.6m	268,207
CARETRUST REIT INC14174T107 · CTRE	COM	$21.1m	522,543
CARIBOU BIOSCIENCES INC142038108 · CRBU	COM	$62,503	35,513
CARLISLE COS INC142339100 · CSL	COM	$6.1m	16,749
CARMAX INC143130102 · KMX	COM	$1.3m	24,880
CARNIVAL CORP LTDG2004J103 · CCL	COMMON SHARES	$1.5m	52,330
CARPENTER TECHNOLOGY CORP144285103 · CRS	COM	$55.5m	90,007
CARRIAGE SVCS INC143905107 · CSV	COM	$333,750	8,705
CARRIER GLOBAL CORPORATION14448C104 · CARR	COM	$14.2m	193,332
CARS COM INC14575E105 · CARS	COM	$720,749	65,882
CARTER BANKSHARES INC146103106 · CARE	COM NEW	$1.5m	43,775
CARTERS INC146229109 · CRI	COM	$556,195	13,513
CASEYS GEN STORES INC147528103 · CASY	COM	$50.4m	63,415
CASTLE BIOSCIENCES INC14843C105 · CSTL	COM	$7.9m	331,727
CATALYST PHARMACEUTICALS INC14888U101	COM	$226,045	7,192

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

CopyS&P 500 $10,000 copying Connor, Clark & Lunn Investment Management Ltd.'s usable filed holdings in companies we cover from February 8, 2008, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −63.5% (S&P 500 −50.8%); beta 1.09; alpha −3.0% a year (t = −1.21); last 12 months +16.1% against +12.1%.

Reported value by quarter

Connor, Clark & Lunn Investment Management Ltd.: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.

View chart data

Period	Reported value
2013-06-30	$10.4B
2013-09-30	$11.1B
2013-12-31	$12.8B
2014-03-31	$13.7B
2014-06-30	$14.1B
2014-09-30	$12.4B
2014-12-31	$12.4B
2015-03-31	$11.9B
2015-06-30	$11B
2015-09-30	$12.3B
2015-12-31	$12B
2016-03-31	$12.9B
2016-06-30	$13.7B
2016-09-30	$14.3B
2016-12-31	$14.6B
2017-03-31	$15.2B
2017-06-30	$15.2B
2017-09-30	$16.7B
2017-12-31	$17.1B
2018-03-31	$16.5B
2018-06-30	$17.8B
2018-09-30	$17.6B
2018-12-31	$14.7B
2019-03-31	$15.2B
2019-06-30	$15.6B
2019-09-30	$14.6B
2019-12-31	$14.5B
2020-03-31	$11.2B
2020-06-30	$14.2B
2020-09-30	$15B
2020-12-31	$16.9B
2021-03-31	$18B
2021-06-30	$19.7B
2021-09-30	$19.2B
2021-12-31	$20.5B
2022-03-31	$20.4B
2022-06-30	$16.5B
2022-09-30	$15.3B
2022-12-31	$17.4B
2023-03-31	$18.5B
2023-06-30	$20B
2023-09-30	$19.1B
2023-12-31	$21.5B
2024-03-31	$23.2B
2024-06-30	$23.8B
2024-09-30	$20.6B
2024-12-31	$22.1B
2025-03-31	$22.9B
2025-06-30	$28.4B
2025-09-30	$31.7B
2025-12-31	$38.1B
2026-03-31	$43.4B
2026-06-30	$52.8B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
RYRoyal Bank Of Canada	4.28%	$2.3bn	10.93M	+0.9% Added
TDToronto Dominion Bank	2.73%	$1.4bn	11.85M	+11.4% Added
NVDANVIDIA Corporation	2.23%	$1.2bn	5.89M	+13.8% Added
ENBEnbridge Inc	2.12%	$1.1bn	20.62M	+18.4% Added
AAPLApple Inc.	2.02%	$1.1bn	3.68M	+21.7% Added
TRPTC Energy Corp	1.85%	$978.0m	14.78M	+13.2% Added
AEMAgnico Eagle Mines LTD	1.76%	$927.6m	6.00M	+4.3% Added
CMCanadian Imperial Bank Of Commerce	1.74%	$916.8m	7.97M	−12.8% Reduced
SUSuncor Energy Inc	1.55%	$816.6m	15.20M	+4.7% Added
CPCanadian Pacific Kansas City LTD	1.52%	$803.0m	9.27M	+31.0% Added
AMZNAmazon	1.35%	$712.6m	2.99M	+22.1% Added
BMOBank Of Montreal	1.28%	$677.1m	3.84M	+83.7% Added
SHOPShopify Inc.	1.28%	$675.0m	5.91M	−7.5% Reduced
CLSCelestica Inc	1.28%	$674.2m	1.85M	+10.6% Added
MSFTMicrosoft Corporation	1.20%	$635.7m	1.70M	+16.5% Added
AVGOBroadcom	1.10%	$579.3m	1.53M	+88.9% Added
GOOGLAlphabet Inc. (Class A)	1.08%	$571.4m	1.60M	+4.3% Added
BNSBank Of Nova Scotia	1.07%	$567.3m	6.54M	−29.9% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	1.06%	$559.4m	1.17M	+37.9% Added
ASMLAsml Holding NV	1.04%	$547.7m	275.3K	+32.7% Added
MUMicron Technology	0.95%	$499.5m	432.7K	−33.6% Reduced
AMDAdvanced Micro Devices	0.81%	$426.5m	734.2K	+5.8% Added
WCNWaste Connections, Inc.	0.79%	$414.5m	2.49M	+48.8% Added
CVECenovus Energy Inc.	0.67%	$355.8m	14.28M	+61.7% Added
VVisa Inc.	0.67%	$353.4m	1.03M	+21.1% Added
LRCXLam Research	0.64%	$335.6m	774.5K	−28.8% Reduced
EFXTEnerflex Ltd.	0.63%	$330.5m	13.47M	+20.4% Added
FTSFortis Inc.	0.59%	$311.1m	5.44M	+12.3% Added
CCJCameco Corp	0.57%	$302.0m	2.97M	−19.5% Reduced
BBarrick Mining Corp	0.53%	$279.8m	7.62M	−11.3% Reduced
MCDMcDonald's	0.51%	$266.6m	986.1K	+29.2% Added
UNPUnion Pacific Corporation	0.50%	$262.5m	965.1K	+3.8% Added
MAMastercard	0.49%	$257.5m	501.3K	−12.6% Reduced
SCHWCharles Schwab Corporation	0.47%	$247.4m	2.68M	+30.0% Added
METAMeta Platforms	0.46%	$243.2m	431.7K	+5.8% Added
CVXChevron Corporation	0.45%	$239.7m	1.45M	+30.9% Added
BUDAnheuser-busch Inbev SA	0.45%	$236.2m	2.87M	+190.7% Added
ORLYO'Reilly Automotive	0.44%	$233.4m	2.53M	+70.2% Added
MFCManulife Financial Corp	0.44%	$230.5m	5.69M	−7.3% Reduced
JPMJPMorgan Chase	0.43%	$229.8m	702.1K	+44.8% Added
HDBHdfc Bank LTD	0.43%	$228.7m	8.85M	+46.4% Added
TSLATesla, Inc.	0.42%	$220.2m	523.6K	+20.3% Added
LLYLilly (Eli)	0.39%	$208.0m	173.4K	−32.5% Reduced
QCOMQualcomm	0.39%	$206.7m	1.12M	+61.8% Added
AMPAmeriprise Financial	0.39%	$203.5m	443.6K	+45.3% Added
SNPSSynopsys Inc	0.38%	$201.9m	452.6K	+3.0% Added
BTEBaytex Energy Corp.	0.37%	$197.1m	49.18M	+23.5% Added
ABBVAbbVie	0.36%	$189.1m	751.5K	+115.8% Added
WPMWheaton Precious Metals Corp.	0.36%	$189.1m	1.68M	+41.3% Added
PWRQuanta Services	0.35%	$187.6m	260.5K	+1.3% Added
STXSeagate Technology	0.35%	$184.8m	191.5K	−35.8% Reduced
BABoeing	0.34%	$181.1m	836.6K	+30.4% Added
BACBank of America	0.34%	$180.6m	3.17M	−3.8% Reduced
CNQCanadian Natural Resources Ltd	0.34%	$180.5m	4.57M	−32.0% Reduced
KMIKinder Morgan	0.33%	$176.3m	5.51M	−3.7% Reduced
TXNTexas Instruments	0.33%	$174.8m	586.3K	−5.3% Reduced
WDCWestern Digital	0.33%	$172.2m	269.5K	−2.2% Reduced
MSMorgan Stanley	0.32%	$171.0m	818.1K	−34.7% Reduced
COSTCostco	0.32%	$169.6m	181.3K	−7.3% Reduced
RTXRTX Corporation	0.32%	$168.5m	888.1K	+90.9% Added
ULUnilever PLC	0.31%	$165.4m	2.75M	+100.3% Added
LOWLowe's	0.31%	$165.4m	750.0K	+34.3% Added
IBMIBM	0.30%	$161.2m	573.4K	+74.7% Added
VRTVertiv	0.30%	$160.8m	480.1K	+39.9% Added
IAGIamgold Corp	0.30%	$158.9m	10.04M	+16.8% Added
CSXCSX Corporation	0.29%	$154.5m	3.25M	+72.0% Added
WFCWells Fargo	0.29%	$153.3m	1.86M	+28.7% Added
AXPAmerican Express	0.29%	$153.2m	452.9K	+28.1% Added
RBARB Global Inc.	0.29%	$153.0m	1.32M	+17.2% Added
LINLinde plc	0.29%	$151.6m	292.2K	+165.9% Added
BTIBritish American Tobacco P.l.c.	0.28%	$149.1m	2.41M	+34.6% Added
ANETArista Networks	0.28%	$147.2m	866.3K	+1857.8% Added
GSKGSK plc	0.28%	$145.1m	2.77M	−1.8% Reduced
QSRRestaurant Brands International Inc.	0.27%	$143.3m	1.98M	+71.5% Added
SLBSchlumberger	0.27%	$141.0m	3.03M	+104.8% Added
BKRBaker Hughes	0.26%	$139.0m	2.50M	+46.3% Added
TFIITFI International Inc.	0.26%	$136.7m	950.3K	+312.9% Added
TJXTJX Companies	0.26%	$136.1m	898.4K	+87.2% Added
SIISprott Inc.	0.26%	$135.9m	1.20M	+13.4% Added
AJGArthur J. Gallagher & Co.	0.25%	$132.9m	579.1K	+44.2% Added
FNVFranco Nevada Corp	0.25%	$131.8m	632.5K	+323.2% Added
PAASPAN American Silver Corp	0.25%	$130.6m	2.92M	−6.4% Reduced
CSCOCisco	0.24%	$124.9m	1.06M	+1395.7% Added
IMOImperial OIL LTD	0.23%	$122.2m	1.09M	−9.7% Reduced
UNHUnitedHealth Group	0.23%	$121.9m	293.4K	−50.0% Reduced
CVSCVS Health	0.23%	$121.0m	1.17M	+18.3% Added
FCXFreeport-McMoRan	0.23%	$120.5m	1.92M	+53.8% Added
BLKBlackRock	0.23%	$120.0m	124.8K	+85.4% Added
AALAmerican Airlines Group Inc.	0.23%	$119.6m	6.62M	+55.7% Added
LMTLockheed Martin	0.23%	$119.0m	233.6K	−15.9% Reduced
HUBSHubspot Inc	0.21%	$112.7m	617.3K	+103.3% Added
CICigna	0.21%	$111.7m	405.2K	+36.1% Added
FTNTFortinet	0.21%	$110.1m	716.8K	New
BTGB2gold Corp	0.20%	$107.8m	28.77M	+81.3% Added
INTCIntel	0.20%	$106.3m	761.2K	−8.5% Reduced
SLFSUN Life Financial Inc	0.20%	$103.2m	1.32M	−11.4% Reduced
ZSZscaler, Inc.	0.19%	$102.3m	724.6K	+410.5% Added
PDDPDD Holdings Inc.	0.19%	$100.4m	1.32M	+29.3% Added
HBMHudbay Minerals Inc.	0.19%	$99.0m	4.20M	−39.8% Reduced
SOBOSouth Bow Corp	0.18%	$97.8m	2.78M	−0.5%
LYVLive Nation Entertainment	0.18%	$97.3m	531.5K	+389.4% Added
ROSTRoss Stores	0.18%	$97.2m	456.7K	+27.8% Added
NTNXNutanix, Inc.	0.18%	$96.6m	1.90M	+52.1% Added
RIOTRiot Platforms, Inc.	0.18%	$92.9m	3.39M	+28.8% Added
WMBWilliams Companies	0.18%	$92.9m	1.25M	+9.8% Added
SPOTSpotify Technology S.a.	0.17%	$92.0m	200.3K	+572.8% Added
ARISAris Mining Corp	0.17%	$89.1m	5.98M	−9.1% Reduced
PGProcter & Gamble	0.16%	$85.9m	585.6K	−47.5% Reduced
TRVThe Travelers Companies	0.16%	$82.1m	248.7K	+11.9% Added
MXLMaxlinear, Inc	0.15%	$81.1m	633.1K	+346.2% Added
SBUXStarbucks	0.15%	$80.2m	785.2K	−34.6% Reduced
ABTAbbott Laboratories	0.15%	$78.9m	869.1K	+232.9% Added
JNJJohnson & Johnson	0.15%	$78.1m	307.4K	+7.4% Added
ALABAstera Labs, Inc.	0.15%	$78.0m	161.4K	New
HDThe Home Depot	0.15%	$78.0m	221.1K	+11.5% Added
EMAEmera Inc	0.14%	$76.2m	1.44M	−0.5%
NVTSNavitas Semiconductor Corp	0.14%	$75.7m	4.22M	+132.3% Added
TEAMAtlassian Corp	0.14%	$73.6m	946.6K	+88.3% Added
AMATApplied Materials	0.14%	$73.2m	101.3K	+106.8% Added
WMTWalmart	0.14%	$72.1m	636.9K	+105.9% Added
SANMSanmina Corp	0.14%	$71.4m	282.2K	+199.0% Added
CDECoeur Mining, Inc.	0.13%	$70.1m	4.29M	−1.5% Reduced
BBBlackberry Ltd	0.13%	$69.8m	5.53M	−32.3% Reduced
TSCOTractor Supply	0.13%	$68.5m	2.17M	+58.9% Added
GSGoldman Sachs	0.13%	$67.7m	66.9K	−33.1% Reduced
VRTXVertex Pharmaceuticals	0.13%	$67.2m	135.2K	−46.3% Reduced
TWLOTwilio Inc	0.13%	$66.2m	320.7K	−26.5% Reduced
CIFRCipher Digital Inc.	0.12%	$65.6m	2.68M	+1.1% Added
MRVLMarvell Technology	0.12%	$65.6m	220.2K	New
CAECAE Inc	0.12%	$65.2m	2.61M	+11.2% Added
AEPAmerican Electric Power	0.12%	$65.1m	475.7K	−5.4% Reduced
AEHRAehr Test Systems	0.12%	$64.4m	670.8K	+206.5% Added
HALHalliburton	0.12%	$62.8m	1.85M	+44.0% Added
KOThe Coca-Cola Company	0.12%	$62.6m	641.6K	+4.9% Added
BSXBoston Scientific	0.12%	$62.6m	1.47M	+81.7% Added
WULFTerawulf Inc.	0.12%	$62.0m	2.51M	−23.8% Reduced
VALEVale S.a.	0.12%	$60.9m	4.05M	−57.1% Reduced
BEBloom Energy	0.12%	$60.9m	201.1K	+12.3% Added
FORMFormfactor Inc	0.12%	$60.5m	378.1K	+13.5% Added
PNCPNC Financial Services	0.11%	$60.3m	244.7K	+40.2% Added
ESTCElastic N.V.	0.11%	$59.3m	1.04M	+22.2% Added
STLDSteel Dynamics	0.11%	$59.2m	258.0K	+42.2% Added
VODVodafone Group Public LTD Co	0.11%	$59.2m	4.47M	+406.8% Added
AMBAAmbarella Inc	0.11%	$58.8m	685.7K	+14.2% Added
OROR Royalties Inc.	0.11%	$58.8m	1.86M	−3.9% Reduced
DSGXDescartes Systems Group Inc	0.11%	$58.8m	849.2K	−30.1% Reduced
ALBAlbemarle Corporation	0.11%	$58.7m	434.8K	−21.9% Reduced
MEDPMedpace Holdings, Inc.	0.11%	$58.4m	110.4K	−18.2% Reduced
RKLBRocket Lab Corp	0.11%	$58.0m	570.5K	−39.0% Reduced
CTASCintas	0.11%	$57.7m	339.0K	+24.8% Added

Company	Bought (value)	Shares
BMOBank Of Montreal	$308.4m	1.75M
AVGOBroadcom	$272.6m	721.5K
CPCanadian Pacific Kansas City LTD	$189.9m	2.19M
AAPLApple Inc.	$189.3m	654.1K
ENBEnbridge Inc	$173.7m	3.21M
BUDAnheuser-busch Inbev SA	$154.9m	1.88M
TSMTaiwan Semiconductor Manufacturing Co LTD	$153.7m	321.8K
TDToronto Dominion Bank	$147.4m	1.21M
NVDANVIDIA Corporation	$142.6m	712.9K
ANETArista Networks	$139.7m	822.1K
WCNWaste Connections, Inc.	$135.9m	815.8K
CVECenovus Energy Inc.	$135.8m	5.45M
ASMLAsml Holding NV	$134.9m	67.8K
AMZNAmazon	$129.2m	541.9K
CSCOCisco	$116.6m	992.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MUMicron Technology	−$252.8m	−219.0K
BNSBank Of Nova Scotia	−$241.8m	−2.79M
LRCXLam Research	−$135.9m	−313.7K
CMCanadian Imperial Bank Of Commerce	−$134.0m	−1.17M
UNHUnitedHealth Group	−$122.0m	−293.5K
GEGE Aerospace	−$104.1m	−278.5K
STXSeagate Technology	−$103.0m	−106.7K
LLYLilly (Eli)	−$100.2m	−83.5K
MSMorgan Stanley	−$90.9m	−434.7K
CNQCanadian Natural Resources Ltd	−$85.0m	−2.15M
CATCaterpillar Inc.	−$84.3m	−79.2K
SHELShell plc	−$81.6m	−1.05M
VALEVale S.a.	−$81.1m	−5.39M
NTRNutrien Ltd.	−$77.8m	−1.24M
PGProcter & Gamble	−$77.6m	−529.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
BMYBristol Myers Squibb	$66.8m	1.10M
MELIMercadolibre Inc	$64.2m	37.1K
EGOEldorado Gold Corp	$56.2m	1.64M
SESea Ltd	$46.5m	561.1K
ETNEaton Corporation	$46.4m	129.8K
PLTRPalantir Technologies Inc.	$43.9m	300.0K
CEGConstellation Energy	$40.0m	143.1K
SNOWSnowflake Inc.	$37.3m	247.3K
EWEdwards Lifesciences	$32.7m	407.8K
UUUUEnergy Fuels Inc	$30.0m	1.63M
VLTOVeralto	$25.0m	283.0K
ILMNIllumina, Inc.	$25.0m	202.7K
GMGeneral Motors	$23.5m	315.6K
NBIXNeurocrine Biosciences Inc	$20.3m	153.8K
PHParker Hannifin	$17.7m	19.8K
SOSouthern Company	$17.4m	180.8K
AMGNAmgen	$17.4m	49.6K
SPGIS&P Global	$15.6m	36.8K
FLRFluor Corp	$15.5m	331.3K
FISFidelity National Information Services	$15.3m	325.5K
OKLOOklo Inc.	$15.1m	303.8K
OXYOccidental Petroleum	$15.0m	231.5K
COFCapital One	$14.7m	80.7K
UUnity Software Inc.	$10.6m	485.4K
NUNu Holdings Ltd.	$10.6m	740.8K
TTEKTetra Tech Inc	$10.5m	349.1K
DEDeere & Company	$9.7m	17.3K
GDDYGodaddy Inc.	$9.7m	117.4K
CRLCharles River Laboratories	$9.4m	54.6K
ADPAutomatic Data Processing	$9.3m	45.8K

Technology26.4%
Financials21.7%
Energy12.8%
Industrials9.5%
Materials7.9%
Consumer Discretionary7.9%
Health Care5.1%
Communication Services3.4%
Consumer Staples2.9%
Utilities1.5%
Real Estate1.0%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 8, 2008 to November 2, 2026	+8.6%	+11.7%	0.41	0.62	−63.5%	1.09
2010 to 2017January 8, 2010 to December 29, 2017	+7.8%	+13.5%	0.52	0.98	−31.2%	1.06
2018 onwardsJanuary 5, 2018 to November 2, 2026	+11.9%	+13.9%	0.55	0.66	−38.7%	0.96
Last three yearsNovember 3, 2023 to November 2, 2026	+25.1%	+21.8%	1.38	1.16	−14.4%	0.87
Last yearNovember 7, 2025 to November 2, 2026	+18.2%	+14.2%	1.07	0.84	−8.1%	0.88

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.