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MUFG SECURITIES (CANADA), LTD.

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13F filer, CIK 1656187, NEW YORK, NY

MUFG SECURITIES (CANADA), LTD. reported $3,595,343,678 across 43 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 57.13% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001656187-26-000001

Period
2025-12-31
Reported value
$3.6B
Holdings
43
Top 10 weight
57.13%
New
1
Sold out
1

Part of the filer group Mitsubishi UFJ Trust & Banking Corp

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CLSnew+175,158$52.3M
BNadded+908,339$41.7M
TRPadded+753,588$41.5M
GILadded+34,952$2.19M
CVEadded+10,715$181K

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
RYreduced-189,003-$32.2M
SHOPreduced-157,572-$25.4M
TDreduced-255,110-$24M
ENBreduced-287,272-$13.7M
BMOreduced-101,847-$13.2M

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 0001656187-26-000001, largest first. % of portfolio is the value over $3,595,343,678, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
RYROYAL BK CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,255,956 shares; 2024Q4: 2,160,865 shares; 2025Q1: 2,157,904 shares; 2025Q2: 2,397,795 shares; 2025Q3: 2,326,223 shares; 2025Q4: 2,137,220 shares 2,137,220$364M10.14%-189,003Timeline
SHOPSHOPIFY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,074,335 shares; 2024Q4: 1,852,031 shares; 2025Q1: 1,854,543 shares; 2025Q2: 2,065,126 shares; 2025Q3: 2,019,572 shares; 2025Q4: 1,862,000 shares 1,862,000$300M8.34%-157,572Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 920,753 shares; 2024Q4: 6,184,832 shares; 2025Q1: 7,910,364 shares; 2025Q2: 4,762,450 shares; 2025Q3: 4,670,848 shares; 2025Q4: 5,424,436 shares 5,424,436$299M8.31%+753,588Timeline
TDTORONTO DOMINION BK ONTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,400,186 shares; 2024Q4: 2,669,721 shares; 2025Q1: 3,520,726 shares; 2025Q2: 2,920,074 shares; 2025Q3: 2,838,167 shares; 2025Q4: 2,583,057 shares 2,583,057$244M6.77%-255,110Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,932,505 shares; 2024Q4: 3,325,954 shares; 2025Q1: 3,324,596 shares; 2025Q2: 3,695,760 shares; 2025Q3: 3,608,185 shares; 2025Q4: 3,320,913 shares 3,320,913$159M4.42%-287,272Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,277,933 shares; 2024Q4: 2,189,967 shares; 2025Q1: 2,188,079 shares; 2025Q2: 2,431,272 shares; 2025Q3: 2,379,875 shares; 2025Q4: 3,288,214 shares 3,288,214$151M4.2%+908,339Timeline
BMOBANK OF MONTREALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 647,345 shares; 2024Q4: 1,114,100 shares; 2025Q1: 1,112,032 shares; 2025Q2: 1,227,479 shares; 2025Q3: 1,185,390 shares; 2025Q4: 1,083,543 shares 1,083,543$141M3.91%-101,847Timeline
BNSBANK NOVA SCOTIA B CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,511,333 shares; 2024Q4: 1,900,294 shares; 2025Q1: 2,150,322 shares; 2025Q2: 2,111,548 shares; 2025Q3: 2,055,946 shares; 2025Q4: 1,882,429 shares 1,882,429$139M3.86%-173,517Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 444,479 shares; 2024Q4: 765,833 shares; 2025Q1: 767,339 shares; 2025Q2: 853,174 shares; 2025Q3: 832,029 shares; 2025Q4: 765,186 shares 765,186$130M3.61%-66,843Timeline
CMCANADIAN IMPERIAL BANK OF COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,637,011 shares; 2024Q4: 2,342,427 shares; 2025Q1: 1,437,829 shares; 2025Q2: 1,593,802 shares; 2025Q3: 1,538,058 shares; 2025Q4: 1,414,164 shares 1,414,164$128M3.57%-123,894Timeline
BBARRICK MNG CORPQuarterly 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: 2,914,954 shares; 2025Q3: 2,822,974 shares; 2025Q4: 2,569,327 shares 2,569,327$112M3.11%-253,647Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,888,560 shares; 2024Q4: 3,222,661 shares; 2025Q1: 3,206,983 shares; 2025Q2: 3,551,072 shares; 2025Q3: 3,456,929 shares; 2025Q4: 3,171,955 shares 3,171,955$107M2.99%-284,974Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 828,104 shares; 2024Q4: 1,425,248 shares; 2025Q1: 1,424,509 shares; 2025Q2: 1,577,031 shares; 2025Q3: 1,511,812 shares; 2025Q4: 1,371,627 shares 1,371,627$101M2.81%-140,185Timeline
MFCMANULIFE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,578,243 shares; 2024Q4: 2,675,176 shares; 2025Q1: 2,629,237 shares; 2025Q2: 2,903,516 shares; 2025Q3: 2,810,633 shares; 2025Q4: 2,565,602 shares 2,565,602$93.2M2.59%-245,031Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 491,616 shares; 2024Q4: 844,974 shares; 2025Q1: 843,532 shares; 2025Q2: 937,638 shares; 2025Q3: 919,403 shares; 2025Q4: 834,086 shares 834,086$82.5M2.29%-85,317Timeline
WPMWHEATON PRECIOUS METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 402,574 shares; 2024Q4: 692,766 shares; 2025Q1: 692,182 shares; 2025Q2: 769,377 shares; 2025Q3: 751,177 shares; 2025Q4: 691,299 shares 691,299$81.3M2.26%-59,878Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,127,524 shares; 2024Q4: 1,919,654 shares; 2025Q1: 1,898,908 shares; 2025Q2: 2,081,087 shares; 2025Q3: 2,007,606 shares; 2025Q4: 1,829,078 shares 1,829,078$81.2M2.26%-178,528Timeline
WCNWASTE CONNECTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,999 shares; 2024Q4: 394,071 shares; 2025Q1: 393,737 shares; 2025Q2: 437,998 shares; 2025Q3: 427,573 shares; 2025Q4: 389,553 shares 389,553$68.3M1.9%-38,020Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 170,759 shares; 2024Q4: 293,943 shares; 2025Q1: 293,781 shares; 2025Q2: 326,430 shares; 2025Q3: 318,870 shares; 2025Q4: 293,527 shares 293,527$60.9M1.69%-25,343Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 386,192 shares; 2024Q4: 664,548 shares; 2025Q1: 664,162 shares; 2025Q2: 737,982 shares; 2025Q3: 720,452 shares; 2025Q4: 662,961 shares 662,961$60.7M1.69%-57,491Timeline
SLFSUN LIFE FINANCIAL INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 512,803 shares; 2024Q4: 879,349 shares; 2025Q1: 875,596 shares; 2025Q2: 958,510 shares; 2025Q3: 931,879 shares; 2025Q4: 848,740 shares 848,740$53M1.47%-83,139Timeline
CLSCELESTICA 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: not reported; 2025Q4: 175,158 shares 175,158$52.3M1.46%newTimeline
KGCKINROSS GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,090,787 shares; 2024Q4: 1,876,875 shares; 2025Q1: 1,875,297 shares; 2025Q2: 2,085,941 shares; 2025Q3: 2,010,944 shares; 2025Q4: 1,838,128 shares 1,838,128$51.8M1.44%-172,816Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 439,112 shares; 2024Q4: 753,487 shares; 2025Q1: 747,331 shares; 2025Q2: 827,725 shares; 2025Q3: 805,700 shares; 2025Q4: 736,138 shares 736,138$45.4M1.26%-69,562Timeline
FTSFORTIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 439,500 shares; 2024Q4: 759,384 shares; 2025Q1: 761,805 shares; 2025Q2: 850,402 shares; 2025Q3: 833,338 shares; 2025Q4: 769,632 shares 769,632$40M1.11%-63,706Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,153,418 shares; 2024Q4: 1,952,419 shares; 2025Q1: 1,948,032 shares; 2025Q2: 2,162,829 shares; 2025Q3: 2,083,387 shares; 2025Q4: 2,094,102 shares 2,094,102$35.4M0.99%+10,715Timeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,278 shares; 2024Q4: 494,313 shares; 2025Q1: 494,983 shares; 2025Q2: 555,421 shares; 2025Q3: 542,427 shares; 2025Q4: 499,134 shares 499,134$34.1M0.95%-43,293Timeline
BCEBCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 809,720 shares; 2024Q4: 1,393,086 shares; 2025Q1: 1,391,885 shares; 2025Q2: 1,580,888 shares; 2025Q3: 1,543,087 shares; 2025Q4: 1,419,886 shares 1,419,886$33.9M0.94%-123,201Timeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,564,845 shares; 2024Q4: 886,490 shares; 2025Q1: 885,812 shares; 2025Q2: 984,790 shares; 2025Q3: 961,289 shares; 2025Q4: 884,716 shares 884,716$33.7M0.94%-76,573Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,709 shares; 2024Q4: 691,422 shares; 2025Q1: 684,846 shares; 2025Q2: 748,227 shares; 2025Q3: 743,363 shares; 2025Q4: 680,583 shares 680,583$32.6M0.91%-62,780Timeline
TUTELUS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,323,886 shares; 2024Q4: 2,236,163 shares; 2025Q1: 2,263,834 shares; 2025Q2: 2,566,917 shares; 2025Q3: 2,540,023 shares; 2025Q4: 2,295,522 shares 2,295,522$30.3M0.84%-244,501Timeline
BAMBROOKFIELD ASSET MANAGMT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 330,856 shares; 2024Q4: 568,179 shares; 2025Q1: 574,517 shares; 2025Q2: 638,413 shares; 2025Q3: 623,286 shares; 2025Q4: 573,553 shares 573,553$30.1M0.84%-49,733Timeline
GIBCGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 180,916 shares; 2024Q4: 311,295 shares; 2025Q1: 309,171 shares; 2025Q2: 339,511 shares; 2025Q3: 328,954 shares; 2025Q4: 296,956 shares 296,956$27.4M0.76%-31,998Timeline
TRITHOMSON REUTERS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,702 shares; 2024Q4: 206,104 shares; 2025Q1: 205,976 shares; 2025Q2: 229,105 shares; 2025Q3: 223,728 shares; 2025Q4: 204,028 shares 204,028$26.9M0.75%-19,700Timeline
BIPBROOKFIELD INFRASTRUCTURE PAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 409,736 shares; 2024Q4: 704,968 shares; 2025Q1: 704,743 shares; 2025Q2: 783,254 shares; 2025Q3: 763,066 shares; 2025Q4: 702,294 shares 702,294$24.4M0.68%-60,772Timeline
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: not reported; 2025Q2: 504,753 shares; 2025Q3: 495,185 shares; 2025Q4: 457,692 shares 457,692$22.6M0.63%-37,493Timeline
RCIROGERS COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 336,805 shares; 2024Q4: 576,975 shares; 2025Q1: 583,516 shares; 2025Q2: 651,329 shares; 2025Q3: 639,003 shares; 2025Q4: 587,985 shares 587,985$22.2M0.62%-51,018Timeline
MGAMAGNA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 239,700 shares; 2024Q4: 412,454 shares; 2025Q1: 404,619 shares; 2025Q2: 448,963 shares; 2025Q3: 438,294 shares; 2025Q4: 403,351 shares 403,351$21.5M0.6%-34,943Timeline
IMOIMPERIAL OIL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 146,713 shares; 2024Q4: 247,769 shares; 2025Q1: 240,764 shares; 2025Q2: 267,521 shares; 2025Q3: 259,881 shares; 2025Q4: 234,525 shares 234,525$20.3M0.56%-25,356Timeline
GILGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,248 shares; 2024Q4: 219,301 shares; 2025Q1: 215,772 shares; 2025Q2: 238,288 shares; 2025Q3: 246,976 shares; 2025Q4: 281,928 shares 281,928$17.6M0.49%+34,952Timeline
CAECAE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 282,915 shares; 2024Q4: 486,839 shares; 2025Q1: 487,915 shares; 2025Q2: 542,942 shares; 2025Q3: 530,532 shares; 2025Q4: 489,597 shares 489,597$14.9M0.41%-40,935Timeline
OTEXOPEN TEXT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 238,034 shares; 2024Q4: 406,007 shares; 2025Q1: 402,789 shares; 2025Q2: 439,317 shares; 2025Q3: 420,828 shares; 2025Q4: 383,718 shares 383,718$12.5M0.35%-37,110Timeline
FSVFIRSTSERVICE CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,736 shares; 2024Q4: 63,405 shares; 2025Q1: 63,542 shares; 2025Q2: 70,877 shares; 2025Q3: 67,840 shares; 2025Q4: 62,642 shares 62,642$9.74M0.27%-5,198Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
AQNALGONQUIN POWER & UTILITIES1,156,483$6.22Mshares

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 0001656187-26-000001 base2026-02-13acceptance time not in the bulk data set