Beutel, Goodman & Co Ltd.

Registered adviser

CIK

1361974

Location

TORONTO, A6

Portfolio Value

Large $13,586,642,630

Diversification

Diversified

Filing Date

Global Rank

#449 / 8,818 ▼ 71

Top Industry

Banks - Diversified 14.1%

Period ended 4 months ago

Filed Aug 12, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 135829

Roster of Oct 1, 2026

Regulatory AUM

$36,109,000,000

Main clients

Diversified

LEI

549300EET58YV5QD4578

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$36,109,000,000	Diversified
Apr 2025 to Mar 2026	$36,295,000,000	Diversified
Apr 2024 to Mar 2025	$35,879,000,000	Diversified
May 2023 to Mar 2024	$32,181,000,000	Diversified
Apr 2023	$32,181,000,000	Diversified
Apr 2022 to Mar 2023	$36,453,000,000	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 29.7%, 49.2 effective positions, active share 93.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

28.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.4 quarters (12+), a floor since 45.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 93.7%; sector active share 37.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

163 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.7%

+1.1 pts

Top 5

18.2%

+1.3 pts

Top 10

29.7%

−0.1 pts

HHI

203

Diversified+0

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	30.2%	$4,104,580,791	27
Industrials	18.3%	$2,483,874,791	23
Healthcare	10.5%	$1,428,807,713	17
Consumer Cyclical	10.4%	$1,411,396,199	13
Technology	9.6%	$1,303,270,694	17
Basic Materials	6.3%	$851,145,825	12
Energy	5.3%	$719,817,640	13
Communication Services	4.5%	$607,410,753	10
Consumer Defensive	1.8%	$250,803,484	12
Utilities	1.7%	$226,392,956	5
Real Estate	1.2%	$166,737,892	1
Unclassified	0.2%	$32,403,892	13

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
CNQ	CANADIAN NATURAL RESOURCES Ltd	+2,883,173	6,894,705	$272,340,847
BN	BROOKFIELD Corp	+2,208,773	6,186,707	$263,491,851
FLS	Flowserve Corp	+1,304,241	3,311,766	$245,600,566
SU	Suncor Energy Inc	+861,282	4,947,844	$265,600,265
MRSH	Marsh & Mclennan Companies, Inc.	+794,120	1,573,890	$262,320,246
BDX	Becton Dickinson & Co	+721,441	1,684,640	$254,936,571
MAS	Masco Corp	+545,443	3,711,884	$302,036,001
COR	Cencora, Inc.	+319,266	509,678	$144,228,680
FNV	FRANCO NEVADA Corp	+211,722	813,030	$169,467,973
UL	Unilever PLC	+2,190	11,572	$695,708
GSK	GSK plc	+954	11,584	$607,233
SNN	Smith & Nephew PLC	+792	44,537	$1,283,110
MBB	iShares MBS ETF	+110	380	$35,917
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	+13	29	$3,082
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	−5,341,262	4,194,096	$102,965,056
GEN	Gen Digital Inc.	−4,641,980	5,745,414	$143,003,354
MFC	Manulife Financial Corp	−4,209,868	5,907,934	$239,330,406
NTAP	NetApp, Inc.	−1,717,086	1,925,379	$297,971,654
TRP	Tc Energy Corp	−1,489,913	2,288,376	$151,696,445
RY	Royal Bank Of Canada	−1,425,585	2,180,246	$451,245,514
QCOM	Qualcomm Inc	−1,372,009	1,036,274	$191,493,072
RCI	Rogers Communications Inc	−1,288,298	8,202,734	$266,588,855
SLF	Sun Life Financial Inc	−1,163,635	1,743,457	$136,721,897
MDA	MDA Space Ltd.	−1,049,978	880,713	$36,355,832
OMC	Omnicom Group Inc.	−1,037,243	3,091,223	$225,133,771
TD	Toronto Dominion Bank	−962,983	6,420,709	$779,666,693
MRK	Merck & Co., Inc.	−956,685	2,073,206	$266,406,971
GFL	GFL Environmental Inc.	−916,830	5,720,668	$210,463,375
EBAY	Ebay Inc	−910,426	3,366,801	$376,240,011
SYY	Sysco Corp	−860,855	946,382	$79,098,607
CAE	Cae Inc	−810,893	5,417,594	$135,764,905
WAB	Westinghouse Air Brake Technologies Corp	−802,533	846,411	$228,192,405
QSR	Restaurant Brands International Inc.	−673,889	4,424,521	$320,822,017
DOX	Amdocs Ltd	−670,036	4,614,159	$233,199,595
ATS	ATS Corp	−657,827	4,796,922	$138,055,415
BAM	Brookfield Asset Management Ltd.	−609,636	4,579,477	$205,389,543
CP	Canadian Pacific Kansas City Ltd	−555,357	3,556,364	$308,158,940
MDT	Medtronic plc	−546,898	3,922,276	$306,839,651
KMB	Kimberly Clark Corp	−538,219	1,303,647	$143,101,331
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
RCL	Royal Caribbean Cruises Ltd	850,102	$269,932,888
AZO	Autozone Inc	47,043	$150,346,600
HONA	Honeywell Aerospace Inc.	10,573	$2,337,478
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
OTEX	Open Text Corp	5,118,468	$113,834,728
BEPC	Brookfield Renewable Corp	14,073	$560,527
SOLS	Solstice Advanced Materials Inc.	4,795	$365,187
BIPC	Brookfield Infrastructure Corp	987	$39,006
VSNT	Versant Media Group, Inc.	837	$30,985
MA	Mastercard Inc	25	$12,491
WCN	Waste Connections, Inc.	76	$12,345
SOLV	Solventum Corp	12	$783
NKE	NIKE, Inc.	1	$52
UNH	Unitedhealth Group Inc	18	$4
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

163 tracked positions · $13,586,642,630 total · filing declares 163 positions · $13,588,887 · as of Jun 30, 2026

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

Showing 1–50 of 163 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
TD	Toronto Dominion Bank Financial Services	Reduced	6,420,709	-962,983	$779,666,693	+13.2%	26+	before history	5.74%
BMO	Bank Of Montreal Financial Services	Reduced	2,695,594	-406,274	$476,311,459	+13.5%	26+	before history	3.51%
RY	Royal Bank Of Canada Financial Services	Reduced	2,180,246	-1,425,585	$451,245,514	−22.6%	26+	before history	3.32%
PPG	Ppg Industries Inc Basic Materials	Reduced	3,227,294	-484,823	$391,438,489	−1.3%	25	$125.67	2.88%
EBAY	Ebay Inc Consumer Cyclical	Reduced	3,366,801	-910,426	$376,240,011	−3.4%	23	$57.93	2.77%
CB	Chubb Ltd Financial Services	Reduced	957,066	-199,958	$326,110,668	−13.5%	8	$282.49	2.40%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	4,424,521	-673,889	$320,822,017	−14.8%	23	$63.76	2.36%
CP	Canadian Pacific Kansas City Ltd Industrials	Reduced	3,556,364	-555,357	$308,158,940	−4.7%	13	$78.21	2.27%
MDT	Medtronic plc Healthcare	Reduced	3,922,276	-546,898	$306,839,651	−20.8%	7	$86.57	2.26%
MAS	Masco Corp Industrials	Added	3,711,884	+545,443	$302,036,001	+58.0%	17	$56.09	2.22%
NTAP	NetApp, Inc. Technology	Reduced	1,925,379	-1,717,086	$297,971,654	−20.1%	20	$81.80	2.19%
UNP	Union Pacific Corp Industrials	Reduced	1,052,679	-13,330	$286,328,688	+10.7%	6	$244.85	2.11%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	6,894,705	+2,883,173	$272,340,847	+39.3%	6	$37.84	2.00%
RCL	Royal Caribbean Cruises Ltd Consumer Cyclical	NEW	850,102	NEW	$269,932,888	NEW	1	$279.59	1.99%
RCI	Rogers Communications Inc Communication Services	Reduced	8,202,734	-1,288,298	$266,588,855	−26.9%	26+	before history	1.96%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,073,206	-956,685	$266,406,971	−26.9%	26+	before history	1.96%
SU	Suncor Energy Inc Energy	Added	4,947,844	+861,282	$265,600,265	−1.7%	26+	before history	1.95%
BN	BROOKFIELD Corp Financial Services	Added	6,186,707	+2,208,773	$263,491,851	+63.7%	15	unpriced	1.94%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	1,573,890	+794,120	$262,320,246	+94.0%	2	$173.42	1.93%
AMP	Ameriprise Financial Inc Financial Services	Reduced	555,992	-103,570	$255,066,889	−13.0%	26+	before history	1.88%
BDX	Becton Dickinson & Co Healthcare	Added	1,684,640	+721,441	$254,936,571	+68.3%	2	unpriced	1.88%
CNI	Canadian National Railway Co Industrials	Reduced	2,105,136	-310,554	$251,016,416	+1.1%	26+	before history	1.85%
FLS	Flowserve Corp Industrials	Added	3,311,766	+1,304,241	$245,600,566	+66.4%	26+	before history	1.81%
MFC	Manulife Financial Corp Financial Services	Reduced	5,907,934	-4,209,868	$239,330,406	−31.3%	26+	before history	1.76%
DOX	Amdocs Ltd Technology	Reduced	4,614,159	-670,036	$233,199,595	−32.4%	26+	before history	1.72%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	846,411	-802,533	$228,192,405	−44.6%	25	$119.19	1.68%
OMC	Omnicom Group Inc. Communication Services	Reduced	3,091,223	-1,037,243	$225,133,771	−27.6%	26+	before history	1.66%
ELV	Elevance Health, Inc. Healthcare	Reduced	578,463	-308,261	$223,708,995	−13.8%	5	$389.26	1.65%
GFL	GFL Environmental Inc. Industrials	Reduced	5,720,668	-916,830	$210,463,375	−24.0%	9	$40.03	1.55%
GIB	Cgi Inc Technology	Reduced	3,226,849	-504,424	$208,357,639	−23.6%	17	$95.65	1.53%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	4,579,477	-609,636	$205,389,543	−11.0%	15	$42.59	1.51%
NTR	Nutrien Ltd. Basic Materials	Reduced	3,207,250	-493,975	$201,896,387	−27.7%	26+	before history	1.49%
FTS	Fortis Inc. Utilities	Reduced	3,470,773	-501,261	$198,632,338	−10.4%	26+	before history	1.46%
AXP	American Express Co Financial Services	Reduced	573,168	-91,354	$193,874,076	−3.5%	26+	before history	1.43%
QCOM	Qualcomm Inc Technology	Reduced	1,036,274	-1,372,009	$191,493,072	−38.3%	16	$139.29	1.41%
AMGN	Amgen Inc Healthcare	Reduced	520,577	-128,742	$188,511,343	−17.5%	26+	before history	1.39%
RBA	Rb Global Inc. Industrials	Reduced	1,491,437	-233,369	$173,677,838	+5.1%	13	$56.43	1.28%
FNV	FRANCO NEVADA Corp Basic Materials	Added	813,030	+211,722	$169,467,973	+14.1%	26+	before history	1.25%
AMAT	Applied Materials Inc Technology	Reduced	231,052	-213,714	$167,050,596	+9.9%	4	$181.44	1.23%
CIGI	Colliers International Group Inc. Real Estate	Reduced	1,777,779	-254,649	$166,737,892	−23.2%	26+	before history	1.23%
WFC	Wells Fargo & Company Financial Services	Reduced	1,941,758	-106,257	$160,466,881	−1.6%	6	$85.81	1.18%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	2,945,188	-472,966	$151,971,700	−20.1%	2	$64.65	1.12%
TRP	Tc Energy Corp Energy	Reduced	2,288,376	-1,489,913	$151,696,445	−35.9%	26+	before history	1.12%
AZO	Autozone Inc Consumer Cyclical	NEW	47,043	NEW	$150,346,600	NEW	1	$3,322.48	1.11%
COR	Cencora, Inc. Healthcare	Added	509,678	+319,266	$144,228,680	+141.1%	26+	before history	1.06%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	1,303,647	-538,219	$143,101,331	−19.5%	26+	before history	1.05%
GEN	Gen Digital Inc. Technology	Reduced	5,745,414	-4,641,980	$143,003,354	−26.9%	26+	before history	1.05%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Reduced	1,491,881	-231,542	$141,161,780	−35.9%	3	$160.32	1.04%
ATS	ATS Corp Industrials	Reduced	4,796,922	-657,827	$138,055,415	−10.3%	13	$32.21	1.02%
SLF	Sun Life Financial Inc Financial Services	Reduced	1,743,457	-1,163,635	$136,721,897	−24.8%	26+	before history	1.01%

Showing the top 50 of 163 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.