Skip to content
Disclosery

Cardinal Capital Management, Inc.

Follow

13F filer, CIK 1518235, WINNIPEG, Manitoba, Canada

Cardinal Capital Management, Inc. reported $4,453,740,664 across 70 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-22. Its ten largest share positions make up 46.32% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001518235-26-000001

Period
2025-12-31
Reported value
$4.45B
Holdings
70
Top 10 weight
46.32%
New
2
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BNadded+913,603$57.6M
MSFTadded+54,287$36M
ULnew+383,058$34.4M
CNIadded+232,120$31.5M
PBAadded+298,412$15.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ENBreduced-1,735,098-$114M
CCDBFexited-1,561,966-$88.1M
NTIOFexited-800,544-$85.1M
UNILEVER PLCexited-432,684-$25.6M
LVMUYexited-181,821-$22.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001518235-26-000001, largest first. % of portfolio is the value over $4,453,740,664, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SAPIFSAPUTO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,114,835 shares; 2025Q1: 5,077,139 shares; 2025Q2: 5,573,504 shares; 2025Q3: 5,843,711 shares; 2025Q4: 5,525,855 shares 5,525,855$228M5.13%-317,856Timeline
MFCMANULIFE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,054,027 shares; 2024Q4: 4,923,852 shares; 2025Q1: 4,835,800 shares; 2025Q2: 4,792,234 shares; 2025Q3: 4,792,309 shares; 2025Q4: 4,569,808 shares 4,569,808$228M5.11%-222,501Timeline
GILGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,877,758 shares; 2024Q4: 2,812,686 shares; 2025Q1: 2,713,981 shares; 2025Q2: 2,728,046 shares; 2025Q3: 2,706,566 shares; 2025Q4: 2,543,896 shares 2,543,896$218M4.9%-162,670Timeline
CMCANADIAN IMPERIAL BANK OF COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,269,103 shares; 2024Q4: 1,894,773 shares; 2025Q1: 1,856,161 shares; 2025Q2: 1,846,069 shares; 2025Q3: 1,831,480 shares; 2025Q4: 1,736,864 shares 1,736,864$216M4.85%-94,616Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,711,026 shares; 2024Q4: 3,654,107 shares; 2025Q1: 3,624,028 shares; 2025Q2: 3,622,337 shares; 2025Q3: 3,641,023 shares; 2025Q4: 3,500,373 shares 3,500,373$213M4.79%-140,650Timeline
RYROYAL BK CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,172,565 shares; 2024Q4: 1,018,136 shares; 2025Q1: 919,466 shares; 2025Q2: 916,245 shares; 2025Q3: 917,144 shares; 2025Q4: 879,128 shares 879,128$206M4.62%-38,016Timeline
BNSBANK NOVA SCOTIA B CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,083,696 shares; 2024Q4: 2,067,324 shares; 2025Q1: 2,061,256 shares; 2025Q2: 2,078,609 shares; 2025Q3: 2,085,294 shares; 2025Q4: 1,997,649 shares 1,997,649$202M4.54%-87,645Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,322,064 shares; 2024Q4: 2,270,319 shares; 2025Q1: 2,210,174 shares; 2025Q2: 2,208,764 shares; 2025Q3: 2,164,145 shares; 2025Q4: 3,077,748 shares 3,077,748$194M4.35%+913,603Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,529,144 shares; 2024Q4: 2,499,532 shares; 2025Q1: 2,486,197 shares; 2025Q2: 2,478,552 shares; 2025Q3: 2,496,017 shares; 2025Q4: 2,396,890 shares 2,396,890$181M4.07%-99,127Timeline
BMOBANK OF MONTREALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,298,627 shares; 2024Q4: 1,286,702 shares; 2025Q1: 1,108,517 shares; 2025Q2: 1,106,867 shares; 2025Q3: 1,107,992 shares; 2025Q4: 988,492 shares 988,492$176M3.96%-119,500Timeline
CDNAFCANADIAN TIRE CORP-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,199,279 shares; 2025Q1: 1,199,499 shares; 2025Q2: 1,115,012 shares; 2025Q3: 1,026,702 shares; 2025Q4: 985,701 shares 985,701$171M3.85%-41,001Timeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,883,305 shares; 2024Q4: 2,920,900 shares; 2025Q1: 2,924,071 shares; 2025Q2: 2,936,644 shares; 2025Q3: 2,975,924 shares; 2025Q4: 3,274,336 shares 3,274,336$171M3.84%+298,412Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,191,391 shares; 2024Q4: 1,247,403 shares; 2025Q1: 1,331,108 shares; 2025Q2: 1,338,493 shares; 2025Q3: 1,494,133 shares; 2025Q4: 1,549,556 shares 1,549,556$157M3.52%+55,423Timeline
IFCZFINTACT FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 441,622 shares; 2025Q1: 434,809 shares; 2025Q2: 429,684 shares; 2025Q3: 510,975 shares; 2025Q4: 534,672 shares 534,672$153M3.43%+23,697Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 475,519 shares; 2024Q4: 678,211 shares; 2025Q1: 709,315 shares; 2025Q2: 731,350 shares; 2025Q3: 742,230 shares; 2025Q4: 974,350 shares 974,350$132M2.97%+232,120Timeline
ELEEFELEMENT FLEET MANAGEMENT CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,637,800 shares; 2025Q1: 3,695,901 shares; 2025Q2: 3,704,911 shares; 2025Q3: 3,700,850 shares; 2025Q4: 3,566,874 shares 3,566,874$129M2.89%-133,976Timeline
SLFSUN LIFE FINANCIAL INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 869,866 shares; 2024Q4: 1,123,354 shares; 2025Q1: 1,129,139 shares; 2025Q2: 1,138,144 shares; 2025Q3: 1,145,224 shares; 2025Q4: 1,074,314 shares 1,074,314$92M2.07%-70,910Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,836 shares; 2024Q4: 148,794 shares; 2025Q1: 206,289 shares; 2025Q2: 205,044 shares; 2025Q3: 207,674 shares; 2025Q4: 202,845 shares 202,845$71.5M1.61%-4,829Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 112,297 shares; 2024Q4: 111,207 shares; 2025Q1: 110,449 shares; 2025Q2: 107,330 shares; 2025Q3: 107,510 shares; 2025Q4: 95,871 shares 95,871$67.1M1.51%-11,639Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,427 shares; 2024Q4: 197,324 shares; 2025Q1: 197,613 shares; 2025Q2: 190,773 shares; 2025Q3: 192,068 shares; 2025Q4: 191,836 shares 191,836$60.1M1.35%-232Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,778,833 shares; 2024Q4: 2,747,175 shares; 2025Q1: 2,636,334 shares; 2025Q2: 2,605,525 shares; 2025Q3: 2,619,954 shares; 2025Q4: 884,856 shares 884,856$58.1M1.3%-1,735,098Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 575,419 shares; 2024Q4: 563,995 shares; 2025Q1: 555,382 shares; 2025Q2: 532,402 shares; 2025Q3: 533,131 shares; 2025Q4: 450,511 shares 450,511$57.6M1.29%-82,620Timeline
SIEGYSIEMENS AG-SPONS ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 290,667 shares; 2025Q1: 285,470 shares; 2025Q2: 282,710 shares; 2025Q3: 280,625 shares; 2025Q4: 277,659 shares 277,659$53.3M1.2%-2,966Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,134 shares; 2024Q4: 7,087 shares; 2025Q1: 7,195 shares; 2025Q2: 6,943 shares; 2025Q3: 6,972 shares; 2025Q4: 7,107 shares 7,107$52.2M1.17%+135Timeline
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,551 shares; 2024Q4: 182,213 shares; 2025Q1: 179,046 shares; 2025Q2: 170,019 shares; 2025Q3: 171,071 shares; 2025Q4: 176,744 shares 176,744$49.2M1.11%+5,673Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 432,956 shares; 2024Q4: 430,416 shares; 2025Q1: 445,802 shares; 2025Q2: 446,091 shares; 2025Q3: 456,546 shares; 2025Q4: 432,636 shares 432,636$47.6M1.07%-23,910Timeline
URIUNITED RENTALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,235 shares; 2024Q4: 29,862 shares; 2025Q1: 38,412 shares; 2025Q2: 40,709 shares; 2025Q3: 41,061 shares; 2025Q4: 41,773 shares 41,773$46.4M1.04%+712Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 564,078 shares; 2024Q4: 544,642 shares; 2025Q1: 595,187 shares; 2025Q2: 592,242 shares; 2025Q3: 578,782 shares; 2025Q4: 526,307 shares 526,307$44.6M1%-52,475Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 226,264 shares; 2024Q4: 230,852 shares; 2025Q1: 266,606 shares; 2025Q2: 269,671 shares; 2025Q3: 293,875 shares; 2025Q4: 304,534 shares 304,534$44M0.99%+10,659Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,185 shares; 2024Q4: 103,320 shares; 2025Q1: 113,340 shares; 2025Q2: 116,384 shares; 2025Q3: 118,542 shares; 2025Q4: 144,019 shares 144,019$42.9M0.96%+25,477Timeline
SBGSYSCHNEIDER ELECT SE-UNSP ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,410 shares; 2025Q1: 5,540 shares; 2025Q2: 381,875 shares; 2025Q3: 412,887 shares; 2025Q4: 566,826 shares 566,826$42.7M0.96%+153,939Timeline
BOWFFBOARDWALK REAL ESTATE INVESTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 642,847 shares; 2025Q1: 688,947 shares; 2025Q2: 688,937 shares; 2025Q3: 688,497 shares; 2025Q4: 656,695 shares 656,695$42.3M0.95%-31,802Timeline
APDAIR PRODUCTS AND CHEMICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,552 shares; 2024Q4: 118,220 shares; 2025Q1: 119,087 shares; 2025Q2: 118,352 shares; 2025Q3: 120,233 shares; 2025Q4: 124,278 shares 124,278$42.1M0.95%+4,045Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,459 shares; 2024Q4: 78,097 shares; 2025Q1: 86,021 shares; 2025Q2: 84,020 shares; 2025Q3: 85,308 shares; 2025Q4: 87,850 shares 87,850$41.5M0.93%+2,542Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 70,352 shares; 2025Q4: 98,806 shares 98,806$41.2M0.92%+28,454Timeline
ENLAYENEL SPA - UNSPON ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,809,208 shares; 2025Q1: 2,838,187 shares; 2025Q2: 2,825,567 shares; 2025Q3: 2,845,097 shares; 2025Q4: 2,806,452 shares 2,806,452$40M0.9%-38,645Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 271,296 shares; 2024Q4: 270,111 shares; 2025Q1: 280,320 shares; 2025Q2: 283,210 shares; 2025Q3: 289,535 shares; 2025Q4: 295,210 shares 295,210$38.9M0.87%+5,675Timeline
HONHONEYWELL INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,750 shares; 2024Q4: 126,635 shares; 2025Q1: 130,355 shares; 2025Q2: 127,407 shares; 2025Q3: 130,797 shares; 2025Q4: 138,726 shares 138,726$37.1M0.83%+7,929Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 890 shares; 2024Q4: 935 shares; 2025Q1: 870 shares; 2025Q2: 845 shares; 2025Q3: 930 shares; 2025Q4: 55,217 shares 55,217$36.6M0.82%+54,287Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 220,342 shares; 2024Q4: 213,386 shares; 2025Q1: 141,999 shares; 2025Q2: 140,346 shares; 2025Q3: 139,871 shares; 2025Q4: 133,990 shares 133,990$35.8M0.8%-5,881Timeline
ULUNILEVER PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 383,058 shares 383,058$34.4M0.77%newTimeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,565 shares; 2024Q4: 139,335 shares; 2025Q1: 106,255 shares; 2025Q2: 97,010 shares; 2025Q3: 96,165 shares; 2025Q4: 70,413 shares 70,413$33.4M0.75%-25,752Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,800 shares; 2024Q4: 128,433 shares; 2025Q1: 135,563 shares; 2025Q2: 137,815 shares; 2025Q3: 143,928 shares; 2025Q4: 123,084 shares 123,084$32.8M0.74%-20,844Timeline
CARRCARRIER GLOBAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,860 shares; 2025Q3: 368,549 shares; 2025Q4: 410,196 shares 410,196$29.7M0.67%+41,647Timeline
SAPSAP SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,605 shares; 2024Q4: 109,809 shares; 2025Q1: 76,862 shares; 2025Q2: 77,454 shares; 2025Q3: 79,828 shares; 2025Q4: 83,841 shares 83,841$27.9M0.63%+4,013Timeline
GRTUFGRANITE REAL ESTATE INVESTMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 316,380 shares; 2025Q1: 315,590 shares; 2025Q2: 315,185 shares; 2025Q3: 304,235 shares; 2025Q4: 280,215 shares 280,215$22.9M0.51%-24,020Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,424 shares; 2024Q4: 36,451 shares; 2025Q1: 31,171 shares; 2025Q2: 30,446 shares; 2025Q3: 243,101 shares; 2025Q4: 285,196 shares 285,196$20.9M0.47%+42,095Timeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 128,830 shares; 2025Q4: 148,190 shares 148,190$18.8M0.42%+19,360Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,009 shares; 2024Q4: 16,828 shares; 2025Q1: 17,130 shares; 2025Q2: 16,193 shares; 2025Q3: 16,218 shares; 2025Q4: 16,275 shares 16,275$17.1M0.38%+57Timeline
EMAEMERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 223,575 shares; 2025Q2: not reported; 2025Q3: 218,770 shares; 2025Q4: 217,825 shares 217,825$14.7M0.33%-945Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123,884 shares; 2024Q4: 99,073 shares; 2025Q1: 127,718 shares; 2025Q2: 124,023 shares; 2025Q3: 131,443 shares; 2025Q4: 101,793 shares 101,793$13.1M0.29%-29,650Timeline
CDWCDW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,565 shares; 2024Q4: 47,810 shares; 2025Q1: 75,355 shares; 2025Q2: 71,940 shares; 2025Q3: 72,985 shares; 2025Q4: 50,050 shares 50,050$9.35M0.21%-22,935Timeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,336 shares; 2024Q4: 92,251 shares; 2025Q1: 109,706 shares; 2025Q2: 102,386 shares; 2025Q3: 100,286 shares; 2025Q4: 63,631 shares 63,631$6.76M0.15%-36,655Timeline
IBDRYIBERDROLA SA-SPONSORED ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 28,505 shares; 2025Q1: 27,245 shares; 2025Q2: 25,770 shares; 2025Q3: 24,240 shares; 2025Q4: 21,323 shares 21,323$2.53M0.06%-2,917Timeline
TDTORONTO DOMINION BK ONTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,925 shares; 2024Q4: 23,770 shares; 2025Q1: 17,320 shares; 2025Q2: 17,320 shares; 2025Q3: 17,520 shares; 2025Q4: 17,509 shares 17,509$2.26M0.05%-11Timeline
FTSFORTIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,155 shares; 2024Q4: 10,015 shares; 2025Q1: 10,190 shares; 2025Q2: 10,015 shares; 2025Q3: 10,945 shares; 2025Q4: 11,715 shares 11,715$835K0.02%+770Timeline
Dollarama IncDollarama IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,980 shares; 2025Q1: 3,840 shares; 2025Q2: 3,680 shares; 2025Q3: 3,810 shares; 2025Q4: 3,710 shares 3,710$761K0.02%-100
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,432 shares; 2024Q4: 7,757 shares; 2025Q1: 7,420 shares; 2025Q2: 7,265 shares; 2025Q3: 7,570 shares; 2025Q4: 7,370 shares 7,370$556K0.01%-200Timeline
SONYSONY GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 318,901 shares; 2024Q4: 1,606,160 shares; 2025Q1: 1,595,810 shares; 2025Q2: 1,536,850 shares; 2025Q3: 613,445 shares; 2025Q4: 15,180 shares 15,180$533K0.01%-598,265Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,190 shares; 2025Q3: 1,215 shares; 2025Q4: 1,240 shares 1,240$461K0.01%+25Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,658 shares 8,658$403K0.01%newTimeline
TXNTEXAS INSTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,485 shares; 2024Q4: 1,535 shares; 2025Q1: 1,520 shares; 2025Q2: 1,515 shares; 2025Q3: 1,570 shares; 2025Q4: 1,645 shares 1,645$391K0.01%+75Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 850 shares; 2024Q4: 850 shares; 2025Q1: 850 shares; 2025Q2: 850 shares; 2025Q3: 850 shares; 2025Q4: 850 shares 850$382K0.01%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,175 shares; 2024Q4: 1,085 shares; 2025Q1: 1,085 shares; 2025Q2: 1,085 shares; 2025Q3: 1,085 shares; 2025Q4: 997 shares 997$372K0.01%-88Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,455 shares; 2025Q4: 1,565 shares 1,565$364K0.01%+110Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,040 shares; 2024Q4: 5,235 shares; 2025Q1: 855 shares; 2025Q2: 830 shares; 2025Q3: 944 shares; 2025Q4: 745 shares 745$329K0.01%-199Timeline
PNCPNC FINL SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,000 shares; 2025Q4: 1,000 shares 1,000$286K0.01%0Timeline
TUTELUS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 348,436 shares; 2024Q4: 375,091 shares; 2025Q1: 381,871 shares; 2025Q2: 337,956 shares; 2025Q3: 350,756 shares; 2025Q4: 15,435 shares 15,435$279K0.01%-335,321Timeline
Allied Properties Real Esta…Allied Properties Real EstateQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,086,647 shares; 2025Q1: 1,134,747 shares; 2025Q2: 1,129,982 shares; 2025Q3: 1,127,817 shares; 2025Q4: 18,295 shares 18,295$245K0.01%-1,109,522
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 643,491 shares; 2024Q4: 647,091 shares; 2025Q1: 680,615 shares; 2025Q2: 42,520 shares; 2025Q3: 8,070 shares; 2025Q4: 4,970 shares 4,970$204K<0.01%-3,100Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
CCDBFCCL INDUSTRIES INC - CL B1,561,966$88.1Mshares
NTIOFNATIONAL BANK OF CANADA800,544$85.1Mshares
UNILEVER PLCUNILEVER PLC432,684$25.6Mshares
LVMUYLVMH MOET HENNESSY-UNSP ADR181,821$22.2Mshares
NNWWFNORTH WEST CO INC VAR VTG & CO194,680$6.69Mshares
EIFZFEXCHANGE INCOME CORP50,530$2.64Mshares
SWKSTANLEY BLACK & DECKER INC9,935$738Kshares
PEPPEPSICO INC3,180$447Kshares
Northland Power Inc.Northland Power Inc.10,000$168Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001518235-26-000001 base2026-01-22acceptance time not in the bulk data set