Style
CoreTurnover
Orientation
Concentrated traderTD Asset Management employs a disciplined value-oriented, low-turnover active management approach, with total AUM of $123.2 billion across 1,702 positions as of Q1 2026. The portfolio is heavily concentrated in Financial Services (21.3%) and Technology (19.9%), with top holdings including NVIDIA at 4.1%, Royal Bank of Canada at 4.0%, and Apple at 3.4%, reflecting a tilt toward large-cap, high-conviction names. The modest 14.0% combined weight of the top five holdings, alongside a broad holding count, demonstrates a strategy that balances conviction in individual securities with diversification across multiple sectors.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 25,361,797 | $5.1B | 4.40% |
| 2 | Royal BK CDA(RY) | 22,965,684 | $4.8B | 4.12% |
| 3 | Apple Inc(AAPL) | 13,070,012 | $3.8B | 3.28% |
| 4 | Toronto Dominion BK ONT(TD) | 25,526,617 | $3.1B | 2.69% |
Latest filing, equity positions only
| 5 |
| Bank Montreal Medium(BMO) |
| 15,233,725 |
| $2.7B |
| 2.33% |
| 6 | Microsoft Corp(MSFT) | 6,747,748 | $2.5B | 2.18% |
| 7 | Alphabet Inc(GOOGL) | 6,878,557 | $2.5B | 2.13% |
| 8 | Canadian Imperial Bank of Co(CM) | 19,907,518 | $2.3B | 1.99% |
| 9 | Broadcom Inc(AVGO) | 5,601,668 | $2.1B | 1.83% |
| 10 | State STR Spdr S&P 500 ETF T(SPY) | 2,473,419 | $1.8B | 1.60% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 20.13% | 23.87% | +3.74% |
| Energy | 9.79% | 7.76% | -2.03% |
| Basic Materials | 6.04% | 4.53% | -1.51% |
| Unclassified | 6.38% | 7.25% | +0.87% |
| Consumer Cyclical | 6.29% | 5.86% | -0.43% |
| Financial Services | 21.67% | 22.07% | +0.4% |
| Industrials | 9.32% | 9.05% | -0.27% |
| Communication Services | 6.3% | 6.04% | -0.26% |
| Utilities | 2.42% | 2.2% | -0.22% |
| Healthcare | 8.28% | 8.07% | -0.21% |
| Consumer Defensive | 2.59% | 2.47% | -0.12% |
| Real Estate | 0.79% | 0.83% | +0.04% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Large Cap | 54.29% | 51.07% | -3.22% |
| Mega Cap | 35.77% | 37.97% | +2.2% |
| Unclassified | 6.38% | 7.25% | +0.87% |
| Mid Cap | 3.35% | 3.42% | +0.07% |
| Small Cap | 0.2% | 0.28% | +0.08% |
| Micro Cap | 0.01% | 0.01% | 0% |
Quarter-over-quarter position changes