CANADA PENSION PLAN INVESTMENT BOARD

Pension

CIK

1283718

Location

TORONTO ONTARIO, A6

Portfolio Value

Mega $150,842,997,730

Diversification

Diversified

Filing Date

Global Rank

#52 / 8,605 ▲ 5 · as of Mar 2026

Top Industry

Semiconductors 10.5%

3Y Alpha vs SPY

-3.2%

Period ended 3 months ago

Filed May 15, 2026 · 56d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.5%

SPY

+75.5%

Annualised alpha

-3.3%

Max drawdown

−17.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,664 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.6%

−0.1 pts

Top 5

18.5%

−1.6 pts

Top 10

27.3%

−1.6 pts

HHI

123

Diversified−10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	27.2%	$41,040,945,467	275
Financial Services	14.8%	$22,390,449,507	257
Consumer Cyclical	8.8%	$13,246,053,449	199
Communication Services	8.0%	$12,100,710,023	60
Energy	7.7%	$11,566,100,302	74
Healthcare	7.6%	$11,511,859,724	268
Industrials	7.2%	$10,908,018,386	241
Consumer Defensive	5.8%	$8,776,339,413	81
Real Estate	5.0%	$7,567,762,031	85
Utilities	3.8%	$5,718,564,225	49
Basic Materials	3.6%	$5,398,993,942	72
Unclassified	0.4%	$617,201,261	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SM	SM Energy Co	+13,888,891	14,493,791	$451,916,403
COLD	Americold Realty Trust	+8,654,165	14,726,365	$168,764,142
CEG	Constellation Energy Corp	+7,531,358	7,672,648	$2,142,586,954
CUBE	CubeSmart	+5,682,320	7,265,720	$266,288,638
BAC	Bank Of America Corp /De/	+3,901,493	18,484,065	$901,098,168
NVDA	Nvidia Corp	+3,877,720	48,786,351	$8,508,339,614
T	At&T Inc.	+3,324,076	15,155,681	$439,363,192
ARES	Ares Management Corp	+3,138,008	7,614,645	$830,757,769
OTIS	Otis Worldwide Corp	+2,661,453	3,260,413	$251,312,634
ENB	Enbridge Inc	+2,583,242	13,796,294	$746,931,357
OGN	Organon & Co.	+2,581,360	5,011,100	$30,016,489
MSFT	Microsoft Corp	+2,384,430	14,999,474	$5,552,355,290
B	Barrick Mining Corp	+2,320,300	15,319,859	$624,897,048
PECO	Phillips Edison & Company, Inc.	+2,285,173	3,296,673	$123,361,503
NSA	National Storage Affiliates Trust	+2,220,000	3,400,100	$128,319,774
BEPC	Brookfield Renewable Corp	+2,147,687	4,495,997	$179,075,560
ORLY	O Reilly Automotive Inc	+2,127,514	2,773,581	$256,029,262
CSCO	Cisco Systems, Inc.	+2,079,193	9,891,453	$767,477,838
SIRI	Sirius Xm Holdings Inc.	+1,985,644	3,860,924	$89,110,125
MFC	Manulife Financial Corp	+1,969,577	12,990,620	$447,396,952
VST	Vistra Corp.	+1,934,248	3,183,593	$478,589,535
SNAP	Snap Inc	+1,858,400	9,652,929	$44,403,473
CM	Canadian Imperial Bank Of Commerce /Can/	+1,821,495	9,002,513	$852,988,106
OPEN	Opendoor Technologies Inc.	+1,738,300	2,306,900	$10,796,292
KO	Coca Cola Co	+1,706,940	9,078,741	$690,438,253
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	−5,997,128	2,041,313	$54,156,033
KIM	Kimco Realty Corp	−5,959,063	5,153,587	$115,801,099
INVH	Invitation Homes Inc.	−4,854,934	1,701,952	$42,293,507
PBA	Pembina Pipeline Corp	−4,720,368	1,259,945	$56,395,138
NTR	Nutrien Ltd.	−4,607,898	3,901,406	$294,400,096
F	Ford Motor Co	−4,054,282	4,757,456	$54,901,042
CRC	California Resources Corp	−3,500,000	7,006,895	$485,017,271
CMCSA	Comcast Corp	−3,467,655	8,179,075	$234,821,243
OMC	Omnicom Group Inc.	−3,166,404	1,999,483	$150,581,064
BRX	Brixmor Property Group Inc.	−2,893,800	5,736,120	$165,200,256
DOW	Dow Inc.	−2,752,665	10,010	$416,916
BB	BLACKBERRY Ltd	−2,591,100	110,000	$356,400
STLA	Stellantis N.V.	−2,289,451	3,081,457	$21,847,530
LUMN	Lumen Technologies, Inc.	−2,143,746	1,170,054	$8,131,875
D	Dominion Energy, Inc	−2,010,038	281,986	$17,432,374
EIX	Edison International	−1,802,511	2,952,528	$216,065,999
STNE	StoneCo Ltd.	−1,763,900	17,618	$248,766
CRBG	Corebridge Financial, Inc.	−1,718,578	7,353,185	$175,446,994
BBWI	Bath & Body Works, Inc.	−1,683,355	2,058,151	$38,425,679
BNS	Bank Of Nova Scotia	−1,656,818	9,113,642	$631,666,527
EQR	Equity Residential	−1,634,259	2,544,406	$150,501,614
RKT	Rocket Companies, Inc.	−1,578,077	11,598	$165,271
MICC	Magnum Ice Cream Co N.V.	−1,421,974	42,993	$642,745
M	Macy's, Inc.	−1,259,247	440,600	$7,970,454
VFC	V F Corp	−1,204,800	627,800	$10,666,322
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SW	Smurfit Westrock plc	3,757,109	$149,720,793
AZN	Astrazeneca PLC	661,545	$130,469,904
AHR	American Healthcare REIT, Inc.	2,251,400	$106,176,024
VVV	Valvoline Inc	1,428,028	$48,095,983
SUNB	Sunbelt Rentals Holdings, Inc.	697,931	$45,428,328
LINE	Lineage, Inc.	954,248	$31,261,164
AL	SUMISHO AIR LEASE CORP	377,300	$24,501,862
AU	AngloGold Ashanti PLC	185,300	$18,040,808
UWMC	UWM Holdings Corp	3,588,200	$12,989,284
FBIN	Fortune Brands Innovations, Inc.	266,400	$10,381,608
ASO	Academy Sports & Outdoors, Inc.	150,400	$8,490,080
ALV	Autoliv Inc	77,600	$8,160,416
COHR	Coherent Corp.	33,803	$8,052,212
BURL	Burlington Stores, Inc.	22,822	$7,425,822
CACI	Caci International Inc /De/	12,820	$6,972,413
FDS	Factset Research Systems Inc	28,140	$6,106,098
JKHY	Jack Henry & Associates Inc	34,500	$5,452,380
EIKN	Eikon Therapeutics, Inc.	379,024	$4,010,073
PR	Permian Resources Corp	170,600	$3,637,192
SN	SharkNinja, Inc.	30,900	$3,272,310
KD	Kyndryl Holdings, Inc.	242,100	$3,176,352
PNFP	Pinnacle Financial Partners, Inc.	35,485	$3,056,677
CIGI	Colliers International Group Inc.	24,300	$2,597,427
KNX	Knight-Swift Transportation Holdings Inc.	43,300	$2,493,214
PSKY	Paramount Skydance Corp	200,600	$1,809,412
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	509,000	$312,683,790
NTSK	Netskope Inc	8,960,263	$157,163,013
EXAS	EXACT SCIENCES CORP	685,252	$69,594,193
HR	Healthcare Realty Trust Inc	2,984,111	$50,580,681
EMN	Eastman Chemical Co	505,939	$32,294,086
AKAM	Akamai Technologies Inc	320,010	$27,920,872
TDY	Teledyne Technologies Inc	36,561	$18,672,799
PINS	Pinterest, Inc.	602,832	$15,607,320
THC	Tenet Healthcare Corp	64,300	$12,777,696
FLG	Flagstar Bank, National Association	953,000	$11,998,270
CALM	Cal-Maine Foods Inc	148,700	$11,832,059
PRMB	Primo Brands Corp	679,000	$11,101,650
FSM	Fortuna Mining Corp.	1,081,000	$10,604,610
QUBT	Quantum Computing Inc.	1,026,700	$10,533,942
CTRA	Coterra Energy Inc.	393,010	$10,344,023
AI	C3.ai, Inc.	670,300	$9,035,644
STLD	Steel Dynamics Inc	49,475	$8,383,538
CGAU	Centerra Gold Inc.	571,400	$8,211,018
FSS	Federal Signal Corp /De/	73,900	$8,024,801
HNGE	Hinge Health, Inc.	170,800	$7,933,660
JXN	Jackson Financial Inc.	73,900	$7,881,435
MEOH	Methanex Corp	190,000	$7,546,800
CZR	Caesars Entertainment, Inc.	320,300	$7,491,817
IRM	Iron Mountain Inc	88,145	$7,311,627
TGNA	TEGNA INC	330,700	$6,418,887
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,664 positions · $150,842,997,730 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,664 positions by value · page 1 of 34

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	48,786,351	+3,877,720	$8,508,339,614	+1.6%	5.64%
AAPL	Apple Inc. Technology	Added	25,754,832	+1,344,137	$6,536,318,813	−1.5%	4.33%
MSFT	Microsoft Corp Technology	Added	14,999,474	+2,384,430	$5,552,355,290	−9.0%	3.68%
AMZN	Amazon Com Inc Consumer Cyclical	Added	18,519,822	+667,796	$3,857,123,327	−6.4%	2.56%
GOOGL	Alphabet Inc. Communication Services	Added	12,208,787	+1,249,807	$3,510,758,789	+2.3%	2.33%
BG	Bunge Global SA Consumer Defensive	Held	26,247,358	0	$3,338,663,937	+42.8%	2.21%
AVGO	Broadcom Inc. Technology	Reduced	10,292,092	-1,202,814	$3,185,505,394	−19.9%	2.11%
META	Meta Platforms, Inc. Communication Services	Added	4,132,946	+159,613	$2,364,582,394	−9.8%	1.57%
TSLA	Tesla, Inc. Consumer Cyclical	Added	6,059,110	+1,008,313	$2,252,474,142	−0.8%	1.49%
CEG	Constellation Energy Corp Utilities	Added	7,672,648	+7,531,358	$2,142,586,954	+4192.6%	1.42%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	40,281,315	-741,909	$1,962,908,479	+41.4%	1.30%
MA	Mastercard Inc Financial Services	Added	3,899,114	+202,812	$1,948,231,301	−7.7%	1.29%
JPM	Jpmorgan Chase & Co Financial Services	Added	6,524,314	+950,958	$1,919,192,206	+6.9%	1.27%
RY	Royal Bank Of Canada Financial Services	Added	9,965,831	+87,765	$1,612,272,139	−4.3%	1.07%
VIK	Viking Holdings Ltd Consumer Cyclical	Reduced	20,144,744	-20,144,744	$1,480,235,789	−48.6%	0.98%
UNP	Union Pacific Corp Industrials	Added	6,084,355	+20,197	$1,476,186,210	+5.2%	0.98%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	2,991,382	+111,963	$1,433,470,254	−1.0%	0.95%
DLR	Digital Realty Trust, Inc. Real Estate	Added	7,582,063	+120,956	$1,366,363,573	+18.4%	0.91%
LYV	Live Nation Entertainment, Inc. Communication Services	Reduced	8,798,835	-635,201	$1,341,910,325	−0.2%	0.89%
LLY	ELI LILLY & Co Healthcare	Added	1,447,591	+119,395	$1,331,450,774	−6.7%	0.88%
TMUS	T-Mobile US, Inc. Communication Services	Added	6,062,911	+272,656	$1,273,393,197	+8.3%	0.84%
XOM	ExxonMobil Holdings Corp Energy	Added	7,431,709	+388,396	$1,260,863,748	+48.8%	0.84%
TD	Toronto Dominion Bank Financial Services	Reduced	12,476,893	-1,046,363	$1,164,218,885	−8.6%	0.77%
EQIX	Equinix Inc Real Estate	Added	1,183,533	+29,561	$1,160,146,387	+31.2%	0.77%
LNG	Cheniere Energy, Inc. Energy	Added	4,074,529	+65,357	$1,156,188,349	+48.4%	0.77%
SRAD	Sportradar Group AG Technology	Held	68,171,745	0	$1,141,195,011	−29.6%	0.76%
JNJ	Johnson & Johnson Healthcare	Added	4,544,422	+989,830	$1,110,838,513	+51.0%	0.74%
TRP	Tc Energy Corp Energy	Reduced	17,519,449	-649,011	$1,096,717,507	+9.7%	0.73%
LIN	Linde PLC Basic Materials	Added	2,057,744	+269,797	$1,020,147,165	+33.8%	0.68%
SHOP	Shopify Inc. Technology	Reduced	8,312,252	-451,055	$985,999,332	−30.1%	0.65%
WMT	Walmart Inc. Consumer Defensive	Added	7,910,057	+1,252,673	$983,061,883	+32.5%	0.65%
PLTR	Palantir Technologies Inc. Technology	Added	6,287,283	+396,308	$919,703,757	−12.2%	0.61%
BAC	Bank Of America Corp /De/ Financial Services	Added	18,484,065	+3,901,493	$901,098,168	+12.4%	0.60%
MU	Micron Technology Inc Technology	Added	2,611,344	+627,635	$882,216,456	+55.8%	0.58%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	876,126	-98,853	$872,998,230	+3.8%	0.58%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Added	9,002,513	+1,821,495	$852,988,106	+31.1%	0.57%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	6,238,876	-86,838	$844,369,477	+2.8%	0.56%
ARES	Ares Management Corp Financial Services	Added	7,614,645	+3,138,008	$830,757,769	+14.8%	0.55%
GE	General Electric Co Industrials	Reduced	2,909,075	-282,925	$825,508,212	−16.0%	0.55%
NFLX	Netflix Inc Communication Services	Added	8,492,181	+1,221,950	$816,523,203	+19.8%	0.54%
CSCO	Cisco Systems, Inc. Technology	Added	9,891,453	+2,079,193	$767,477,838	+27.5%	0.51%
CVX	Chevron Corp Energy	Added	3,636,055	+598,302	$752,299,779	+62.5%	0.50%
ENB	Enbridge Inc Energy	Added	13,796,294	+2,583,242	$746,931,357	+39.3%	0.50%
AMAT	Applied Materials Inc /De Technology	Added	2,105,121	+232,473	$719,509,306	+49.5%	0.48%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	3,539,686	-96,000	$718,485,464	+16.6%	0.48%
AMD	Advanced Micro Devices Inc Technology	Reduced	3,438,286	-962,305	$699,450,520	−25.8%	0.46%
ISRG	Intuitive Surgical Inc Healthcare	Added	1,498,674	+102,110	$690,873,727	−12.7%	0.46%
KO	Coca Cola Co Consumer Defensive	Added	9,078,741	+1,706,940	$690,438,253	+34.0%	0.46%
EQH	Equitable Holdings, Inc. Financial Services	Reduced	18,218,634	-1,065,419	$676,093,507	−26.4%	0.45%
HD	Home Depot, Inc. Consumer Cyclical	Added	1,966,518	+358,071	$646,768,105	+16.9%	0.43%