Addenda Capital Inc. Diversified Active

Name: Addenda Capital Inc. Q2 2026 13F Filing | 13F Explorer
Creator: Addenda Capital Inc.
Published: 2026-07-14

Location: Montreal, Quebec, Canada

CIK: 0001569411 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 14, 2026

Total Value: $3.679B (100.0% shares, 0.0% debt)

Holdings (128)

New Positions (4)

TRI THOMSON REUTERS CORP 0.2%

Value $5.531M Shares 47,751 Est. Cost $115.84 Unrealized —

DD DUPONT DE NEMOURS INC 0.1%

Value $3.671M Shares 27,067 Est. Cost $135.64 Unrealized —

AYASF AYA GOLD & SILVER INC 0.0%

Value $1.097M Shares 40,839 Est. Cost $26.86 Unrealized —

IAG IAMGOLD CORP 0.0%

Value $627K Shares 27,860 Est. Cost $22.51 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRI	THOMSON REUTERS CORP	47,751	$5.531M	0.2%	$115.84	—	COM	884903881
DD	DUPONT DE NEMOURS INC	27,067	$3.671M	0.1%	$135.64	—	COMMON STOCK	26614N201
AYASF	AYA GOLD & SILVER INC	40,839	$1.097M	0.0%	$26.86	—	COM	05466C109
IAG	IAMGOLD CORP	27,860	$627K	0.0%	$22.51	—	COM	450913108

Increased Positions (23)

HBM HUDBAY MINERALS INC 1.7%

Value $62.71M (+248.8%) Shares 1,872,488 (+203.4%) Est. Cost $30.46 Unrealized —

CNI CANADIAN NATL RY CO 2.5%

Value $92.9M (+41.0%) Shares 548,874 (+19.3%) Est. Cost $85.18 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 2.8%

Value $103M (+33.7%) Shares 832,895 (+19.0%) Est. Cost $85.00 Unrealized —

CCJ CAMECO CORP 2.8%

Value $104M (+25.2%) Shares 721,749 (+31.0%) Est. Cost $67.19 Unrealized —

CLS CELESTICA INC 1.0%

Value $35.44M (+125.3%) Shares 68,522 (+70.9%) Est. Cost $390.69 Unrealized —

MFC MANULIFE FINL CORP 1.5%

Value $54.84M (+49.7%) Shares 953,431 (+24.7%) Est. Cost $25.04 Unrealized —

PANW PALO ALTO NETWORKS INC 0.5%

Value $18.31M (+313.7%) Shares 53,708 (+94.6%) Est. Cost $254.15 Unrealized —

ENB ENBRIDGE INC 3.3%

Value $120M (+13.0%) Shares 1,559,468 (+10.8%) Est. Cost $28.55 Unrealized —

SHOP SHOPIFY INC 3.5%

Value $130M (+9.5%) Shares 798,719 (+11.4%) Est. Cost $67.76 Unrealized —

SU SUNCOR ENERGY INC NEW 1.6%

Value $59.85M (-12.9%) Shares 784,418 (+5.0%) Est. Cost $22.90 Unrealized —

AMZN AMAZON COM INC 1.2%

Value $42.89M (+25.1%) Shares 179,982 (+9.3%) Est. Cost $206.24 Unrealized —

STE STERIS PLC 0.4%

Value $16.44M (+54.9%) Shares 78,093 (+62.7%) Est. Cost $234.22 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value $12.82M (+64.5%) Shares 25,629 (+57.6%) Est. Cost $496.00 Unrealized —

BGSI BOYD GROUP SERVICES INC 0.2%

Value $9.059M (-23.3%) Shares 67,378 (+1.4%) Est. Cost $159.88 Unrealized —

KGC KINROSS GOLD CORP 1.5%

Value $55.57M (-4.4%) Shares 1,654,910 (+21.0%) Est. Cost $33.59 Unrealized —

BKNG BOOKING HOLDINGS INC 0.6%

Value $22.02M (+12.6%) Shares 123,540 (+2560.2%) Est. Cost $289.95 Unrealized —

NTR NUTRIEN LTD 0.3%

Value $10.14M (-9.5%) Shares 112,460 (+6.2%) Est. Cost $60.43 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.4%

Value $16.54M (+6.5%) Shares 259,947 (+3.5%) Est. Cost $29.15 Unrealized —

GIL GILDAN ACTIVEWEAR INC 0.4%

Value $14.53M (-3.6%) Shares 198,675 (+2.5%) Est. Cost $32.94 Unrealized —

CAE CAE INC 0.4%

Value $13.47M (+1.4%) Shares 379,218 (+3.4%) Est. Cost $26.46 Unrealized —

DOO BRP INC 0.0%

Value $1.708M (-3.7%) Shares 19,664 (+10.9%) Est. Cost $62.97 Unrealized —

OR OR ROYALTIES INC. 0.1%

Value $1.958M (-2.9%) Shares 43,509 (+14.5%) Est. Cost $28.10 Unrealized —

EQX EQUINOX GOLD CORP 0.0%

Value $629K (-3.2%) Shares 45,540 (+40.7%) Est. Cost $11.84 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HBM	HUDBAY MINERALS INC	1,872,488 (+203.4%)	$62.71M (+248.8%)	1.7%	$30.46	—	COM	443628102
CNI	CANADIAN NATL RY CO	548,874 (+19.3%)	$92.9M (+41.0%)	2.5%	$85.18	—	COM	136375102
CP	CANADIAN PACIFIC KANSAS CITY	832,895 (+19.0%)	$103M (+33.7%)	2.8%	$85.00	—	COM	13646K108
CCJ	CAMECO CORP	721,749 (+31.0%)	$104M (+25.2%)	2.8%	$67.19	—	COM	13321L108
CLS	CELESTICA INC	68,522 (+70.9%)	$35.44M (+125.3%)	1.0%	$390.69	—	COM	15101Q207
MFC	MANULIFE FINL CORP	953,431 (+24.7%)	$54.84M (+49.7%)	1.5%	$25.04	—	COM	56501R106
PANW	PALO ALTO NETWORKS INC	53,708 (+94.6%)	$18.31M (+313.7%)	0.5%	$254.15	—	COM	697435105
ENB	ENBRIDGE INC	1,559,468 (+10.8%)	$120M (+13.0%)	3.3%	$28.55	—	COM	29250N105
SHOP	SHOPIFY INC	798,719 (+11.4%)	$130M (+9.5%)	3.5%	$67.76	—	CL A SUB VTG SHS	82509L107
SU	SUNCOR ENERGY INC NEW	784,418 (+5.0%)	$59.85M (-12.9%)	1.6%	$22.90	—	COM	867224107
AMZN	AMAZON COM INC	179,982 (+9.3%)	$42.89M (+25.1%)	1.2%	$206.24	—	COM	023135106
STE	STERIS PLC	78,093 (+62.7%)	$16.44M (+54.9%)	0.4%	$234.22	—	SHS USD	G8473T100
BRK/B	BERKSHIRE HATHAWAY INC DEL	25,629 (+57.6%)	$12.82M (+64.5%)	0.3%	$496.00	—	CL B NEW	084670702
BGSI	BOYD GROUP SERVICES INC	67,378 (+1.4%)	$9.059M (-23.3%)	0.2%	$159.88	—	COM	103310108
KGC	KINROSS GOLD CORP	1,654,910 (+21.0%)	$55.57M (-4.4%)	1.5%	$33.59	—	COM	496902404
BKNG	BOOKING HOLDINGS INC	123,540 (+2560.2%)	$22.02M (+12.6%)	0.6%	$289.95	—	COM	09857L108
NTR	NUTRIEN LTD	112,460 (+6.2%)	$10.14M (-9.5%)	0.3%	$60.43	—	COM	67077M108
BAM	BROOKFIELD ASSET MANAGMT LTD	259,947 (+3.5%)	$16.54M (+6.5%)	0.4%	$29.15	—	CL A LMT VTG SHS	113004105
GIL	GILDAN ACTIVEWEAR INC	198,675 (+2.5%)	$14.53M (-3.6%)	0.4%	$32.94	—	COM	375916103
CAE	CAE INC	379,218 (+3.4%)	$13.47M (+1.4%)	0.4%	$26.46	—	COM	124765108
DOO	BRP INC	19,664 (+10.9%)	$1.708M (-3.7%)	0.0%	$62.97	—	COM SUN VTG	05577W200
OR	OR ROYALTIES INC.	43,509 (+14.5%)	$1.958M (-2.9%)	0.1%	$28.10	—	COM SHS	68390D106
EQX	EQUINOX GOLD CORP	45,540 (+40.7%)	$629K (-3.2%)	0.0%	$11.84	—	COM	29446Y502

Exited Positions (5)

TRI THOMSON REUTERS CORP 0.2%

Value $6.09M Shares 48,500 Est. Cost $122.46 Unrealized —

ADBE ADOBE INC 0.2%

Value $5.864M Shares 24,122 Est. Cost $313.74 Unrealized —

DD DUPONT DE NEMOURS INC 0.1%

Value $3.719M Shares 81,200 Est. Cost $22.25 Unrealized —

ZTS ZOETIS INC 0.1%

Value $3.515M Shares 29,737 Est. Cost $149.87 Unrealized —

ORLA ORLA MNG LTD NEW 0.0%

Value $636K Shares 28,440 Est. Cost $16.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRI	THOMSON REUTERS CORP	48,500	$6.09M	0.2%	$122.46	—	—	884903808
ADBE	ADOBE INC	24,122	$5.864M	0.2%	$313.74	—	—	00724F101
DD	DUPONT DE NEMOURS INC	81,200	$3.719M	0.1%	$22.25	—	—	26614N102
ZTS	ZOETIS INC	29,737	$3.515M	0.1%	$149.87	—	—	98978V103
ORLA	ORLA MNG LTD NEW	28,440	$636K	0.0%	$16.53	—	—	68634K106

Decreased Positions (31)

AEM AGNICO EAGLE MINES LTD 2.4%

Value $86.46M (-51.3%) Shares 392,344 (-37.6%) Est. Cost $92.67 Unrealized —

AGI ALAMOS GOLD INC 0.9%

Value $32.94M (-73.2%) Shares 765,971 (-61.5%) Est. Cost $21.32 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 1.6%

Value $60.14M (-46.7%) Shares 376,957 (-38.9%) Est. Cost $78.64 Unrealized —

FNV FRANCO NEV CORP 1.2%

Value $42.6M (-44.2%) Shares 143,948 (-35.1%) Est. Cost $186.95 Unrealized —

BMO BANK MONTREAL MEDIUM 4.3%

Value $157M (+23.4%) Shares 625,064 (-7.3%) Est. Cost $91.65 Unrealized —

CVE CENOVUS ENERGY INC 0.3%

Value $9.853M (-58.5%) Shares 279,994 (-56.4%) Est. Cost $16.61 Unrealized —

NKE NIKE INC 0.1%

Value $3.495M (-73.2%) Shares 84,300 (-65.6%) Est. Cost $71.69 Unrealized —

GOOG ALPHABET INC 1.7%

Value $61.41M (+16.0%) Shares 173,791 (-5.8%) Est. Cost $144.76 Unrealized —

CM CANADIAN IMPERIAL BANK OF CO 1.3%

Value $48.66M (+16.2%) Shares 295,989 (-6.1%) Est. Cost $45.66 Unrealized —

URI UNITED RENTALS INC 0.5%

Value $19.09M (+53.3%) Shares 16,848 (-1.4%) Est. Cost $761.33 Unrealized —

AAPL APPLE INC 1.7%

Value $63.75M (+10.4%) Shares 220,303 (-3.2%) Est. Cost $148.07 Unrealized —

BR BROADRIDGE FINL SOLUTIONS IN 0.2%

Value $6.022M (-45.7%) Shares 43,646 (-35.7%) Est. Cost $177.94 Unrealized —

WCN WASTE CONNECTIONS INC 1.2%

Value $44.45M (-10.0%) Shares 188,040 (-14.0%) Est. Cost $91.26 Unrealized —

TFII TFI INTERNATIONAL INC 0.7%

Value $24.28M (+18.0%) Shares 118,534 (-12.4%) Est. Cost $87.52 Unrealized —

JPM JPMORGAN CHASE & CO 0.8%

Value $28.54M (+9.6%) Shares 87,189 (-1.5%) Est. Cost $166.96 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.3%

Value $10.58M (-18.3%) Shares 22,125 (-42.1%) Est. Cost $322.55 Unrealized —

BCE BCE INC 0.4%

Value $14.42M (-13.9%) Shares 465,393 (-1.3%) Est. Cost $34.38 Unrealized —

GGG GRACO INC 0.1%

Value $2.684M (-45.0%) Shares 35,500 (-38.4%) Est. Cost $85.04 Unrealized —

SUNB SUNBELT RENTALS HOLDINGS INC 0.3%

Value $11.13M (+19.7%) Shares 178,754 (-8.7%) Est. Cost $47.50 Unrealized —

GIB CGI INC 0.2%

Value $8.713M (-15.1%) Shares 95,051 (-5.9%) Est. Cost $68.17 Unrealized —

WAB WABTEC 0.7%

Value $26.34M (+5.9%) Shares 97,698 (-1.8%) Est. Cost $174.87 Unrealized —

RCI ROGERS COMMUNICATIONS INC 0.2%

Value $7.924M (-15.2%) Shares 169,900 (-1.8%) Est. Cost $47.99 Unrealized —

B BARRICK MNG CORP 0.0%

Value $267K (-80.1%) Shares 5,120 (-78.3%) Est. Cost $48.30 Unrealized —

SPGI S&P GLOBAL INC 0.4%

Value $15.37M (-5.3%) Shares 37,752 (-1.1%) Est. Cost $506.20 Unrealized —

LIN LINDE PLC 0.5%

Value $19.65M (+3.6%) Shares 37,868 (-1.0%) Est. Cost $411.87 Unrealized —

TRP TC ENERGY CORP 2.2%

Value $80.46M (+0.6%) Shares 848,757 (-6.6%) Est. Cost $36.41 Unrealized —

IWM ISHARES TR 0.2%

Value $5.681M (+5.3%) Shares 18,910 (-13.1%) Est. Cost $182.06 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.5%

Value $19.59M (+1.0%) Shares 39,047 (-1.0%) Est. Cost $356.53 Unrealized —

IMO IMPERIAL OIL LTD 0.0%

Value $479K (-17.2%) Shares 2,990 (-5.4%) Est. Cost $55.77 Unrealized —

SKE SKEENA RES LTD NEW 0.0%

Value $400K (-18.4%) Shares 10,590 (-10.6%) Est. Cost $30.52 Unrealized —

CCEP COCA-COLA EUROPACIFIC PARTNE 0.0%

Value $240K (+4.2%) Shares 2,402 (-5.5%) Est. Cost $94.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AEM	AGNICO EAGLE MINES LTD	392,344 (-37.6%)	$86.46M (-51.3%)	2.4%	$92.67	—	COM	008474108
AGI	ALAMOS GOLD INC	765,971 (-61.5%)	$32.94M (-73.2%)	0.9%	$21.32	—	COM CL A	011532108
WPM	WHEATON PRECIOUS METALS CORP	376,957 (-38.9%)	$60.14M (-46.7%)	1.6%	$78.64	—	COM	962879102
FNV	FRANCO NEV CORP	143,948 (-35.1%)	$42.6M (-44.2%)	1.2%	$186.95	—	COM	351858105
BMO	BANK MONTREAL MEDIUM	625,064 (-7.3%)	$157M (+23.4%)	4.3%	$91.65	—	COM	063671101
CVE	CENOVUS ENERGY INC	279,994 (-56.4%)	$9.853M (-58.5%)	0.3%	$16.61	—	COM	15135U109
NKE	NIKE INC	84,300 (-65.6%)	$3.495M (-73.2%)	0.1%	$71.69	—	CL B	654106103
GOOG	ALPHABET INC	173,791 (-5.8%)	$61.41M (+16.0%)	1.7%	$144.76	—	CAP STK CL C	02079K107
CM	CANADIAN IMPERIAL BANK OF CO	295,989 (-6.1%)	$48.66M (+16.2%)	1.3%	$45.66	—	COM	136069101
URI	UNITED RENTALS INC	16,848 (-1.4%)	$19.09M (+53.3%)	0.5%	$761.33	—	COM	911363109
AAPL	APPLE INC	220,303 (-3.2%)	$63.75M (+10.4%)	1.7%	$148.07	—	COM	037833100
BR	BROADRIDGE FINL SOLUTIONS IN	43,646 (-35.7%)	$6.022M (-45.7%)	0.2%	$177.94	—	COM	11133T103
WCN	WASTE CONNECTIONS INC	188,040 (-14.0%)	$44.45M (-10.0%)	1.2%	$91.26	—	COM	94106B101
TFII	TFI INTERNATIONAL INC	118,534 (-12.4%)	$24.28M (+18.0%)	0.7%	$87.52	—	COM	87241L109
JPM	JPMORGAN CHASE & CO	87,189 (-1.5%)	$28.54M (+9.6%)	0.8%	$166.96	—	COM	46625H100
TSM	TAIWAN SEMICONDUCTOR MANUFAC	22,125 (-42.1%)	$10.58M (-18.3%)	0.3%	$322.55	—	SPONSORED ADS	874039100
BCE	BCE INC	465,393 (-1.3%)	$14.42M (-13.9%)	0.4%	$34.38	—	COM NEW	05534B760
GGG	GRACO INC	35,500 (-38.4%)	$2.684M (-45.0%)	0.1%	$85.04	—	COM	384109104
SUNB	SUNBELT RENTALS HOLDINGS INC	178,754 (-8.7%)	$11.13M (+19.7%)	0.3%	$47.50	—	SHS	866966104
GIB	CGI INC	95,051 (-5.9%)	$8.713M (-15.1%)	0.2%	$68.17	—	CL A SUB VTG	12532H104
WAB	WABTEC	97,698 (-1.8%)	$26.34M (+5.9%)	0.7%	$174.87	—	COM	929740108
RCI	ROGERS COMMUNICATIONS INC	169,900 (-1.8%)	$7.924M (-15.2%)	0.2%	$47.99	—	CL B	775109200
B	BARRICK MNG CORP	5,120 (-78.3%)	$267K (-80.1%)	0.0%	$48.30	—	COM SHS	06849F108
SPGI	S&P GLOBAL INC	37,752 (-1.1%)	$15.37M (-5.3%)	0.4%	$506.20	—	COM	78409V104
LIN	LINDE PLC	37,868 (-1.0%)	$19.65M (+3.6%)	0.5%	$411.87	—	SHS	G54950103
TRP	TC ENERGY CORP	848,757 (-6.6%)	$80.46M (+0.6%)	2.2%	$36.41	—	COM	87807B107
IWM	ISHARES TR	18,910 (-13.1%)	$5.681M (+5.3%)	0.2%	$182.06	—	RUSSELL 2000 ETF	464287655
TMO	THERMO FISHER SCIENTIFIC INC	39,047 (-1.0%)	$19.59M (+1.0%)	0.5%	$356.53	—	COM	883556102
IMO	IMPERIAL OIL LTD	2,990 (-5.4%)	$479K (-17.2%)	0.0%	$55.77	—	COM NEW	453038408
SKE	SKEENA RES LTD NEW	10,590 (-10.6%)	$400K (-18.4%)	0.0%	$30.52	—	COM	83056P715
CCEP	COCA-COLA EUROPACIFIC PARTNE	2,402 (-5.5%)	$240K (+4.2%)	0.0%	$94.63	—	SHS	G25839104

Unchanged Positions (70)

TD TORONTO DOMINION BK ONT 6.1%

Value $223M Shares 1,294,228 Est. Cost $47.52 Unrealized —

RY ROYAL BK CDA 6.0%

Value $221M Shares 750,840 Est. Cost $73.92 Unrealized —

BNS BANK NOVA SCOTIA B C 3.6%

Value $133M Shares 1,081,272 Est. Cost $41.01 Unrealized —

CNQ CANADIAN NAT RES LTD MED TER 2.8%

Value $104M Shares 1,823,954 Est. Cost $24.47 Unrealized —

AVGO BROADCOM INC 1.7%

Value $62.87M Shares 166,431 Est. Cost $176.92 Unrealized —

BN BROOKFIELD CORP 3.6%

Value $132M Shares 2,179,602 Est. Cost $30.65 Unrealized —

APH AMPHENOL CORP 0.9%

Value $33.87M Shares 191,875 Est. Cost $66.80 Unrealized —

FFIV F5 INC 0.8%

Value $30.12M Shares 72,404 Est. Cost $234.35 Unrealized —

CAT CATERPILLAR INC 0.5%

Value $20.02M Shares 18,800 Est. Cost $172.21 Unrealized —

NVDA NVIDIA CORPORATION 1.4%

Value $52.72M Shares 263,605 Est. Cost $134.62 Unrealized —

INTU INTUIT 0.2%

Value $8.884M Shares 34,039 Est. Cost $462.39 Unrealized —

CSCO CISCO SYS INC 0.3%

Value $12.37M Shares 105,400 Est. Cost $40.05 Unrealized —

DOW DOW HLDGS INC 0.2%

Value $7.382M Shares 269,800 Est. Cost $34.47 Unrealized —

V VISA INC 0.9%

Value $33.51M Shares 97,680 Est. Cost $172.64 Unrealized —

MEOH METHANEX CORP 0.3%

Value $11.99M Shares 183,000 Est. Cost $35.39 Unrealized —

SLF SUN LIFE FINANCIAL INC. 0.3%

Value $12.52M Shares 112,410 Est. Cost $43.81 Unrealized —

MGA MAGNA INTL INC 0.4%

Value $15.24M Shares 163,404 Est. Cost $52.49 Unrealized —

PNC PNC FINL SVCS GROUP INC 0.4%

Value $15.9M Shares 64,576 Est. Cost $148.62 Unrealized —

GOOGL ALPHABET INC 0.3%

Value $12.68M Shares 35,500 Est. Cost $110.06 Unrealized —

RMD RESMED INC 0.4%

Value $15.14M Shares 77,707 Est. Cost $203.67 Unrealized —

CIGI COLLIERS INTL GROUP INC 0.6%

Value $22.29M Shares 167,188 Est. Cost $107.58 Unrealized —

RBA RB GLOBAL INC 0.3%

Value $12.71M Shares 77,000 Est. Cost $56.38 Unrealized —

T AT&T INC 0.2%

Value $6.038M Shares 291,700 Est. Cost $15.02 Unrealized —

PBA PEMBINA PIPELINE CORP 1.1%

Value $39.81M Shares 606,697 Est. Cost $21.66 Unrealized —

TECK TECK RESOURCES LTD 0.4%

Value $14.12M Shares 167,202 Est. Cost $36.71 Unrealized —

Q QNITY ELECTRONICS INC 0.2%

Value $6.63M Shares 40,600 Est. Cost $84.91 Unrealized —

STN STANTEC INC 0.2%

Value $7.59M Shares 77,400 Est. Cost $60.76 Unrealized —

BIP BROOKFIELD INFRASTRUCTURE PA 1.1%

Value $40.27M Shares 777,392 Est. Cost $45.97 Unrealized —

BHP BHP BILLITON LIMITED 0.3%

Value $10.76M Shares 129,200 Est. Cost $50.89 Unrealized —

EMA EMERA INC 0.9%

Value $31.73M Shares 421,793 Est. Cost $43.35 Unrealized —

FDX FEDEX CORP 0.3%

Value $9.431M Shares 30,000 Est. Cost $202.38 Unrealized —

TJX TJX COS INC NEW 0.7%

Value $24.31M Shares 160,457 Est. Cost $75.64 Unrealized —

LOW LOWES COS INC 0.4%

Value $15.61M Shares 70,790 Est. Cost $170.86 Unrealized —

F FORD MTR CO 0.2%

Value $7.31M Shares 525,900 Est. Cost $10.76 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.2%

Value $8.802M Shares 31,300 Est. Cost $115.64 Unrealized —

PFE PFIZER INC 0.2%

Value $7.002M Shares 290,800 Est. Cost $31.51 Unrealized —

UNP UNION PAC CORP 0.3%

Value $9.563M Shares 35,157 Est. Cost $167.50 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.4%

Value $16.4M Shares 17,526 Est. Cost $454.84 Unrealized —

DE DEERE & CO 0.2%

Value $9.094M Shares 14,300 Est. Cost $386.78 Unrealized —

WMT WALMART INC 0.3%

Value $9.634M Shares 85,100 Est. Cost $51.35 Unrealized —

SBUX STARBUCKS CORP 0.2%

Value $7.226M Shares 70,700 Est. Cost $78.29 Unrealized —

PEP PEPSICO INC 0.2%

Value $5.942M Shares 43,887 Est. Cost $126.06 Unrealized —

MCD MCDONALDS CORP 0.1%

Value $5.406M Shares 20,000 Est. Cost $236.27 Unrealized —

UPS UNITED PARCEL SVCS INC 0.2%

Value $8.536M Shares 79,400 Est. Cost $108.76 Unrealized —

MRK MERCK & CO INC 0.3%

Value $11.36M Shares 87,800 Est. Cost $79.94 Unrealized —

EMR EMERSON ELEC CO 0.2%

Value $8.374M Shares 58,500 Est. Cost $77.62 Unrealized —

SHW SHERWIN WILLIAMS CO 0.3%

Value $11.53M Shares 33,472 Est. Cost $342.82 Unrealized —

ABT ABBOTT LABORATORIES 0.1%

Value $5.027M Shares 55,400 Est. Cost $100.63 Unrealized —

FTS FORTIS INC 0.4%

Value $13.81M Shares 169,950 Est. Cost $38.28 Unrealized —

MDT MEDTRONIC PLC 0.2%

Value $5.763M Shares 73,000 Est. Cost $80.32 Unrealized —

KO COCA COLA CO 0.2%

Value $8.704M Shares 106,400 Est. Cost $58.53 Unrealized —

SCHW SCHWAB CHARLES CORP 0.5%

Value $18.7M Shares 202,662 Est. Cost $60.94 Unrealized —

HMC HONDA MOTOR CO LTD 0.1%

Value $4.864M Shares 179,400 Est. Cost $21.59 Unrealized —

DEO DIAGEO PLC 0.2%

Value $5.868M Shares 73,000 Est. Cost $134.58 Unrealized —

SYK STRYKER CORPORATION 0.3%

Value $9.979M Shares 31,621 Est. Cost $244.25 Unrealized —

HD HOME DEPOT INC 0.2%

Value $5.572M Shares 15,800 Est. Cost $270.67 Unrealized —

JNJ JOHNSON & JOHNSON 0.3%

Value $9.498M Shares 37,400 Est. Cost $119.32 Unrealized —

CHD CHURCH & DWIGHT CO INC 0.2%

Value $8.431M Shares 87,025 Est. Cost $70.46 Unrealized —

TRU TRANSUNION 0.3%

Value $9.389M Shares 130,148 Est. Cost $85.41 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.9%

Value $32.4M Shares 312,203 Est. Cost $61.91 Unrealized —

MA MASTERCARD INCORPORATED 0.2%

Value $6.882M Shares 13,400 Est. Cost $325.17 Unrealized —

MSFT MICROSOFT CORP 1.3%

Value $48.42M Shares 129,812 Est. Cost $211.89 Unrealized —

META META PLATFORMS INC 0.2%

Value $6.478M Shares 11,500 Est. Cost $154.24 Unrealized —

PG PROCTER & GAMBLE CO 0.2%

Value $5.748M Shares 39,200 Est. Cost $137.23 Unrealized —

RIO RIO TINTO PLC 0.2%

Value $8.696M Shares 91,600 Est. Cost $57.88 Unrealized —

TAP MOLSON COORS BEVERAGE CO 0.0%

Value $663K Shares 17,016 Est. Cost $48.42 Unrealized —

TU TELUS CORPORATION 0.0%

Value $299K Shares 19,400 Est. Cost $18.24 Unrealized —

MDLZ MONDELEZ INTL INC 0.3%

Value $9.94M Shares 170,606 Est. Cost $52.00 Unrealized —

DIS DISNEY WALT CO 0.2%

Value $5.907M Shares 60,900 Est. Cost $92.74 Unrealized —

BIPC BROOKFIELD INFRASTRUCTURE CO 0.0%

Value $1.065M Shares 19,480 Est. Cost $39.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TD	TORONTO DOMINION BK ONT	1,294,228	$223M	6.1%	$47.52	—	COM NEW	891160509
RY	ROYAL BK CDA	750,840	$221M	6.0%	$73.92	—	COM	780087102
BNS	BANK NOVA SCOTIA B C	1,081,272	$133M	3.6%	$41.01	—	COM	064149107
CNQ	CANADIAN NAT RES LTD MED TER	1,823,954	$104M	2.8%	$24.47	—	COM	136385101
AVGO	BROADCOM INC	166,431	$62.87M	1.7%	$176.92	—	COM	11135F101
BN	BROOKFIELD CORP	2,179,602	$132M	3.6%	$30.65	—	CL A LTD VT SH	11271J107
APH	AMPHENOL CORP	191,875	$33.87M	0.9%	$66.80	—	CL A	032095101
FFIV	F5 INC	72,404	$30.12M	0.8%	$234.35	—	COM	315616102
CAT	CATERPILLAR INC	18,800	$20.02M	0.5%	$172.21	—	COM	149123101
NVDA	NVIDIA CORPORATION	263,605	$52.72M	1.4%	$134.62	—	COM	67066G104
INTU	INTUIT	34,039	$8.884M	0.2%	$462.39	—	COM	461202103
CSCO	CISCO SYS INC	105,400	$12.37M	0.3%	$40.05	—	COM	17275R102
DOW	DOW HLDGS INC	269,800	$7.382M	0.2%	$34.47	—	COM	260557103
V	VISA INC	97,680	$33.51M	0.9%	$172.64	—	COM CL A	92826C839
MEOH	METHANEX CORP	183,000	$11.99M	0.3%	$35.39	—	COM	59151K108
SLF	SUN LIFE FINANCIAL INC.	112,410	$12.52M	0.3%	$43.81	—	COM	866796105
MGA	MAGNA INTL INC	163,404	$15.24M	0.4%	$52.49	—	COM	559222401
PNC	PNC FINL SVCS GROUP INC	64,576	$15.9M	0.4%	$148.62	—	COM	693475105
GOOGL	ALPHABET INC	35,500	$12.68M	0.3%	$110.06	—	CAP STK CL A	02079K305
RMD	RESMED INC	77,707	$15.14M	0.4%	$203.67	—	COM	761152107
CIGI	COLLIERS INTL GROUP INC	167,188	$22.29M	0.6%	$107.58	—	SUB VTG SHS	194693107
RBA	RB GLOBAL INC	77,000	$12.71M	0.3%	$56.38	—	COM	74935Q107
T	AT&T INC	291,700	$6.038M	0.2%	$15.02	—	COM	00206R102
PBA	PEMBINA PIPELINE CORP	606,697	$39.81M	1.1%	$21.66	—	COM	706327103
TECK	TECK RESOURCES LTD	167,202	$14.12M	0.4%	$36.71	—	CL B	878742204
Q	QNITY ELECTRONICS INC	40,600	$6.63M	0.2%	$84.91	—	COMMON STOCK	74743L100
STN	STANTEC INC	77,400	$7.59M	0.2%	$60.76	—	COM	85472N109
BIP	BROOKFIELD INFRASTRUCTURE PA	777,392	$40.27M	1.1%	$45.97	—	LP INT UNIT	G16252101
BHP	BHP BILLITON LIMITED	129,200	$10.76M	0.3%	$50.89	—	SPONSORED ADS	088606108
EMA	EMERA INC	421,793	$31.73M	0.9%	$43.35	—	COM	290876101
FDX	FEDEX CORP	30,000	$9.431M	0.3%	$202.38	—	COM	31428X106
TJX	TJX COS INC NEW	160,457	$24.31M	0.7%	$75.64	—	COM	872540109
LOW	LOWES COS INC	70,790	$15.61M	0.4%	$170.86	—	COM	548661107
F	FORD MTR CO	525,900	$7.31M	0.2%	$10.76	—	COM	345370860
IBM	INTERNATIONAL BUSINESS MACHS	31,300	$8.802M	0.2%	$115.64	—	COM	459200101
PFE	PFIZER INC	290,800	$7.002M	0.2%	$31.51	—	COM	717081103
UNP	UNION PAC CORP	35,157	$9.563M	0.3%	$167.50	—	COM	907818108
COST	COSTCO WHOLESALE CORPORATION	17,526	$16.4M	0.4%	$454.84	—	COM	22160K105
DE	DEERE & CO	14,300	$9.094M	0.2%	$386.78	—	COM	244199105
WMT	WALMART INC	85,100	$9.634M	0.3%	$51.35	—	COM	931142103
SBUX	STARBUCKS CORP	70,700	$7.226M	0.2%	$78.29	—	COM	855244109
PEP	PEPSICO INC	43,887	$5.942M	0.2%	$126.06	—	COM	713448108
MCD	MCDONALDS CORP	20,000	$5.406M	0.1%	$236.27	—	COM	580135101
UPS	UNITED PARCEL SVCS INC	79,400	$8.536M	0.2%	$108.76	—	CL B	911312106
MRK	MERCK & CO INC	87,800	$11.36M	0.3%	$79.94	—	COM	58933Y105
EMR	EMERSON ELEC CO	58,500	$8.374M	0.2%	$77.62	—	COM	291011104
SHW	SHERWIN WILLIAMS CO	33,472	$11.53M	0.3%	$342.82	—	COM	824348106
ABT	ABBOTT LABORATORIES	55,400	$5.027M	0.1%	$100.63	—	COM	002824100
FTS	FORTIS INC	169,950	$13.81M	0.4%	$38.28	—	COM	349553107
MDT	MEDTRONIC PLC	73,000	$5.763M	0.2%	$80.32	—	SHS	G5960L103
KO	COCA COLA CO	106,400	$8.704M	0.2%	$58.53	—	COM	191216100
SCHW	SCHWAB CHARLES CORP	202,662	$18.7M	0.5%	$60.94	—	COM	808513105
HMC	HONDA MOTOR CO LTD	179,400	$4.864M	0.1%	$21.59	—	ADR ECH CNV IN 3	438128308
DEO	DIAGEO PLC	73,000	$5.868M	0.2%	$134.58	—	SPON ADR NEW	25243Q205
SYK	STRYKER CORPORATION	31,621	$9.979M	0.3%	$244.25	—	COM	863667101
HD	HOME DEPOT INC	15,800	$5.572M	0.2%	$270.67	—	COM	437076102
JNJ	JOHNSON & JOHNSON	37,400	$9.498M	0.3%	$119.32	—	COM	478160104
CHD	CHURCH & DWIGHT CO INC	87,025	$8.431M	0.2%	$70.46	—	COM	171340102
TRU	TRANSUNION	130,148	$9.389M	0.3%	$85.41	—	COM	89400J107
QSR	RESTAURANT BRANDS INTL INC	312,203	$32.4M	0.9%	$61.91	—	COM	76131D103
MA	MASTERCARD INCORPORATED	13,400	$6.882M	0.2%	$325.17	—	CL A	57636Q104
MSFT	MICROSOFT CORP	129,812	$48.42M	1.3%	$211.89	—	COM	594918104
META	META PLATFORMS INC	11,500	$6.478M	0.2%	$154.24	—	CL A	30303M102
PG	PROCTER & GAMBLE CO	39,200	$5.748M	0.2%	$137.23	—	COM	742718109
RIO	RIO TINTO PLC	91,600	$8.696M	0.2%	$57.88	—	SPONSORED ADR	767204100
TAP	MOLSON COORS BEVERAGE CO	17,016	$663K	0.0%	$48.42	—	CL B	60871R209
TU	TELUS CORPORATION	19,400	$299K	0.0%	$18.24	—	COM	87971M103
MDLZ	MONDELEZ INTL INC	170,606	$9.94M	0.3%	$52.00	—	CL A	609207105
DIS	DISNEY WALT CO	60,900	$5.907M	0.2%	$92.74	—	COM	254687106
BIPC	BROOKFIELD INFRASTRUCTURE CO	19,480	$1.065M	0.0%	$39.52	—	COM SUB VTG A	11276H106