Q1 2026 Holdings
Filed 2026-05-13 | 1238 holdings | $13.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $1.4B | 17,805,000 | 10.5% |
| Ishares TR(LQD)Put | IBOXX INV CP ETF | 464287242 | $545.0M | 5,000,000 | 4.0% |
| Royal BK CDA(RY) | COM | 780087102 | $429.2M | 2,654,433 | 3.2% |
| Ishares TR(HYG)Call | IBOXX HI YD ETF | 464288513 | $397.8M | 5,000,000 | 2.9% |
| Toronto Dominion BK ONT(TD) | COM NEW | 891160509 | $350.0M | 3,746,718 | 2.6% |
| Ishares TR(LQD)Call | IBOXX INV CP ETF | 464287242 | $272.5M | 2,500,000 | 2.0% |
| Canadian NAT RES LTD MED TER(CNQ) | COM | 136385101 | $262.5M | 5,381,403 | 1.9% |
| Shopify Inc(SHOP) | CL A SUB VTG SHS | 82509L107 | $253.5M | 2,135,617 | 1.9% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $196.7M | 968,916 | 1.5% |
| Canadian Pacific Kansas City(CP) | COM | 13646K108 | $195.2M | 2,479,436 | 1.4% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $190.2M | 2,874,698 | 1.4% |
| Franco NEV Corp(FNV) | COM | 351858105 | $188.1M | 759,289 | 1.4% |
| Ishares TR(TLT)Call | 20 YR TR BD ETF | 464287432 | $173.4M | 2,000,000 | 1.3% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $155.2M | 889,790 | 1.1% |
| Enbridge Inc(ENB) | COM | 29250N105 | $150.7M | 2,780,513 | 1.1% |
| Brookfield Corp(BN) | CL A LTD VT SH | 11271J107 | $148.2M | 3,655,199 | 1.1% |
| Ishares TR(EEM)Call | MSCI EMG MKT ETF | 464287234 | $136.3M | 2,400,000 | 1.0% |
| TC Energy Corp(TRP) | COM | 87807B107 | $129.1M | 2,064,368 | 1.0% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $128.8M | 4,867,402 | 1.0% |
| OR Royalties Inc(OR) | COM SHS | 68390D106 | $127.2M | 3,340,194 | 0.9% |
| Ishares TR(MTUM)Put | MSCI USA MMENTM | 46432F396 | $124.8M | 520,000 | 0.9% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $119.0M | 413,828 | 0.9% |
| Rogers Communications Inc(RCI) | CL B | 775109200 | $115.1M | 2,992,163 | 0.8% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $114.1M | 2,790,362 | 0.8% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $105.8M | 805,623 | 0.8% |
| Apple Inc(AAPL) | COM | 037833100 | $102.9M | 405,360 | 0.8% |
| Vaneck ETF Trust(GDX)Call | GOLD MINERS ETF | 92189F106 | $102.8M | 1,120,000 | 0.8% |
| Teck Resources LTD(TECK)Call | CL B | 878742204 | $98.3M | 1,900,000 | 0.7% |
| Celestica Inc(CLS) | COM | 15101Q207 | $93.3M | 330,699 | 0.7% |
| Iamgold Corp(IAG) | COM | 450913108 | $89.5M | 4,758,754 | 0.7% |
| SUN Life Financial Inc(SLF) | COM | 866796105 | $86.2M | 1,374,917 | 0.6% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $78.7M | 3,758,830 | 0.6% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $75.4M | 362,073 | 0.6% |
| Microsoft Corp(MSFT) | COM | 594918104 | $73.8M | 199,360 | 0.5% |
| Invesco Exchange Traded FD T(RSP) | S&P500 EQL WGT | 46137V357 | $73.2M | 381,604 | 0.5% |
| Waste Connections Inc(WCN) | COM | 94106B101 | $71.4M | 439,114 | 0.5% |
| Boyd Group Services Inc(BGSI) | COM | 103310108 | $70.3M | 550,447 | 0.5% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $69.9M | 1,349,983 | 0.5% |
| Invesco Exch Traded FD TR II(SPLV) | S&P500 LOW VOL | 46138E354 | $69.6M | 951,612 | 0.5% |
| Cameco Corp(CCJ) | COM | 13321L108 | $64.9M | 597,374 | 0.5% |
| Brookfield Renewable Energy(BEPC) | PARTNERSHIP UNIT | G16258108 | $61.3M | 1,878,324 | 0.5% |
| Broadcom Inc(AVGO) | COM | 11135F101 | $59.5M | 192,152 | 0.4% |
| Gildan Activewear Inc(GIL) | COM | 375916103 | $55.2M | 991,564 | 0.4% |
| Magna Intl Inc(MGA) | COM | 559222401 | $53.5M | 958,016 | 0.4% |
| Spdr Series Trust(KRE)Call | STATE STREET SPD | 78464A698 | $52.1M | 800,000 | 0.4% |
| Intuit(INTU)Call | COM | 461202103 | $51.9M | 120,000 | 0.4% |
| Micron Technology Inc(MU)Call | COM | 595112103 | $50.7M | 150,000 | 0.4% |
| Lumentum Hldgs Inc | NOTE 1.500%12/1 | 55024UAH2 | $50.4M | 5,000,000 | 0.4% |
| Hologic Inc(HOLX) | COM | 436440101 | $49.2M | 650,514 | 0.4% |
| AIR Lease Corp(AL) | CL A | 00912X302 | $45.4M | 698,572 | 0.3% |