Q4 2025 Holdings
Filed 2026-02-11 | 1198 holdings | $12.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $993.8M | 12,325,000 | 7.7% |
| Ishares TR(HYG)Call | IBOXX HI YD ETF | 464288513 | $604.7M | 7,500,000 | 4.7% |
| Ishares TR(LQD)Put | IBOXX INV CP ETF | 464287242 | $551.0M | 5,000,000 | 4.3% |
| Ishares TR(LQD)Call | IBOXX INV CP ETF | 464287242 | $551.0M | 5,000,000 | 4.3% |
| Royal BK CDA(RY) | COM | 780087102 | $452.8M | 2,652,043 | 3.5% |
| Toronto Dominion BK ONT(TD) | COM NEW | 891160509 | $320.6M | 3,396,972 | 2.5% |
| Shopify Inc(SHOP) | CL A SUB VTG SHS | 82509L107 | $311.7M | 1,932,932 | 2.4% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $295.4M | 1,200,000 | 2.3% |
| Ishares TR(IEF)Put | 7-10 YR TRSY BD | 464287440 | $240.4M | 2,500,000 | 1.9% |
| Brookfield Corp(BN) | CL A LTD VT SH | 11271J107 | $166.2M | 3,613,638 | 1.3% |
| Canadian Pacific Kansas City(CP) | COM | 13646K108 | $166.1M | 2,252,702 | 1.3% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $158.3M | 4,666,597 | 1.2% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $149.6M | 802,128 | 1.2% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $149.3M | 3,423,022 | 1.2% |
| Franco NEV Corp(FNV) | COM | 351858105 | $130.9M | 630,703 | 1.0% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $130.3M | 767,180 | 1.0% |
| Enbridge Inc(ENB) | COM | 29250N105 | $127.8M | 2,666,336 | 1.0% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $119.8M | 382,808 | 0.9% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $115.6M | 6,824,438 | 0.9% |
| TC Energy Corp(TRP) | COM | 87807B107 | $113.4M | 2,055,963 | 0.9% |
| Waste Connections Inc(WCN) | COM | 94106B101 | $112.6M | 641,243 | 0.9% |
| Apple Inc(AAPL) | COM | 037833100 | $112.3M | 413,092 | 0.9% |
| OR Royalties Inc(OR) | COM SHS | 68390D106 | $112.1M | 3,160,518 | 0.9% |
| Microsoft Corp(MSFT) | COM | 594918104 | $109.8M | 227,053 | 0.9% |
| Rogers Communications Inc(RCI) | CL B | 775109200 | $105.7M | 2,797,253 | 0.8% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $100.1M | 5,034,287 | 0.8% |
| Vanguard Index FDS(VOE) | MCAP VL IDXVIP | 922908512 | $97.1M | 547,312 | 0.8% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $95.4M | 810,338 | 0.7% |
| Canadian Imperial Bank of Co(CM) | COM | 136069101 | $90.3M | 994,736 | 0.7% |
| Celestica Inc(CLS) | COM | 15101Q207 | $84.6M | 285,710 | 0.7% |
| Iamgold Corp(IAG) | COM | 450913108 | $83.1M | 5,028,974 | 0.6% |
| Boyd Group Services Inc(BGSI) | COM | 103310108 | $81.3M | 509,542 | 0.6% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $79.1M | 342,697 | 0.6% |
| Celestica Inc(CLS)Call | COM | 15101Q207 | $70.9M | 240,000 | 0.5% |
| Gildan Activewear Inc(GIL) | COM | 375916103 | $70.5M | 1,126,550 | 0.5% |
| Cyberark Software LTD | SHS | M2682V108 | $70.5M | 158,005 | 0.5% |
| Manulife Finl Corp(MFC) | COM | 56501R106 | $69.0M | 1,896,152 | 0.5% |
| Brookfield Infrast Partners(BIP) | LP INT UNIT | G16252101 | $64.1M | 1,842,718 | 0.5% |
| Broadcom Inc(AVGO) | COM | 11135F101 | $62.9M | 181,673 | 0.5% |
| Electronic Arts Inc(EA) | COM | 285512109 | $57.7M | 282,500 | 0.4% |
| Boston Scientific Corp(BSX)Call | COM | 101137107 | $57.2M | 600,000 | 0.4% |
| Colliers Intl Group Inc(CIGI) | SUB VTG SHS | 194693107 | $55.3M | 375,697 | 0.4% |
| Zillow Group Inc(ZG)Call | CL A | 98954M101 | $53.2M | 780,000 | 0.4% |
| Snowflake Inc(SNOW)Call | COM SHS | 833445109 | $52.6M | 240,000 | 0.4% |
| BRP Inc(DOO) | COM SUN VTG | 05577W200 | $49.6M | 700,057 | 0.4% |
| Doordash Inc(DASH)Call | CL A | 25809K105 | $48.9M | 216,000 | 0.4% |
| Firstservice Corp New(FSV) | COM | 33767E202 | $47.9M | 307,346 | 0.4% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $47.7M | 995,750 | 0.4% |
| BCE Inc(BCE) | COM NEW | 05534B760 | $46.9M | 1,963,939 | 0.4% |
| Brookfield Renewable Partner(BEPC) | PARTNERSHIP UNIT | G16258108 | $45.4M | 1,678,827 | 0.4% |