Style
CoreTurnover
Orientation
Diversified activeThe Canada Pension Plan Investment Board pursues an active, value-oriented strategy with medium portfolio turnover, currently allocating $155.0 billion across 1,680 positions. Technology dominates at 25.1% of the portfolio, anchored by a 5.5% weight in NVIDIA and significant positions in Apple, Microsoft, and Amazon, revealing a concentrated bet on mega-cap growth equities within a value framework. The top ten holdings account for approximately 24.9% of assets, while the fund holds material exposure to Financial Services (12.8%) and Communication Services (9.2%), alongside energy, healthcare, and consumer cyclicals. This composition reflects high conviction in selected technology and financial leaders, balanced by diversification across 14 other sectors, and the recent reduction from 1,971 positions in Q4 2025 suggests a deliberate consolidation of holdings as assets under management have grown substantially.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 51,428,520 | $10.3B | 5.69% |
| 2 | Apple Inc(AAPL) | 26,489,978 | $7.7B | 4.24% |
| 3 | Microsoft Corp(MSFT) | 15,156,859 | $5.7B | 3.13% |
| 4 | Broadcom Inc(AVGO) | 13,024,957 | $4.9B | 2.72% |
Latest filing, equity positions only
| 5 |
| Alphabet Inc(GOOGL) |
| 12,972,980 |
| $4.6B |
| 2.56% |
| 6 | Amazon COM Inc(AMZN) | 17,384,261 | $4.1B | 2.29% |
| 7 | Micron Technology Inc(MU) | 3,258,485 | $3.8B | 2.08% |
| 8 | Alphabet Inc(GOOG) | 8,956,115 | $3.2B | 1.75% |
| 9 | Tesla Inc(TSLA) | 7,476,246 | $3.1B | 1.74% |
| 10 | Bunge Global SA(BG) | 26,247,358 | $2.8B | 1.55% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 25.41% | 31.14% | +5.73% |
| Energy | 7.06% | 5.47% | -1.59% |
| Consumer Defensive | 5.66% | 4.49% | -1.17% |
| Utilities | 3.44% | 2.44% | -1% |
| Communication Services | 9.2% | 8.23% | -0.97% |
| Real Estate | 4.88% | 4.27% | -0.61% |
| Basic Materials | 2.81% | 2.39% | -0.42% |
| Financial Services | 13.9% | 14.28% | +0.38% |
| Unclassified | 6.09% | 5.74% | -0.35% |
| Consumer Cyclical | 7.55% | 7.74% | +0.19% |
| Industrials | 6.67% | 6.52% | -0.15% |
| Healthcare | 7.33% | 7.29% | -0.04% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 44.69% | 49.34% | +4.65% |
| Large Cap | 44.82% | 40.86% | -3.96% |
| Unclassified | 6.09% | 5.74% | -0.35% |
| Mid Cap | 4.01% | 3.68% | -0.33% |
| Small Cap | 0.37% | 0.36% | -0.01% |
| Micro Cap | 0.01% | 0.02% | +0.01% |
Quarter-over-quarter position changes