Beutel, Goodman & Co Ltd.

Registered adviser

CIK

1361974

Location

TORONTO, A6

Portfolio Value

Large $12,688,228,780

Diversification

Diversified

Filing Date

Global Rank

#449 / 8,826 ▼ 72 · as of Jun 2026

Top Industry

Banks - Diversified 13.2%

Period ended 36 days ago

Filed Nov 4, 2026 · 1d

27 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, Nov 1, 2026

Form ADV adviser

CRD 135829

Roster of Nov 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 Nov 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.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
ATS ATS Corp	13G/A	Aug 31, 2026	30d	4,796,922	6.4%	0 since Jul 31, 2026	Current
DCBO Docebo Inc.	13G	Dec 31, 2025	10mo	1,566,943	5.5%	—	Current
EPRX Eupraxia Pharmaceuticals Inc.	13G	Sep 30, 2025	12mo	4,058,899	8%	—	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 6 exited, below-5% or retired stakes

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, 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.

View clone backtest

Portfolio Concentration

164 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

5.4%

−0.4 pts

Top 5

17.2%

−1.0 pts

Top 10

29.6%

−0.1 pts

HHI

204

Diversified+1

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	29.1%	$3,690,325,910	27
Industrials	16.4%	$2,080,987,108	23
Healthcare	10.8%	$1,375,199,830	17
Technology	10.6%	$1,346,242,337	16
Consumer Cyclical	10.0%	$1,263,986,343	13
Basic Materials	7.4%	$935,764,009	12
Energy	6.0%	$756,268,748	13
Consumer Defensive	3.8%	$476,759,725	12
Communication Services	3.1%	$394,986,757	10
Utilities	1.5%	$192,660,317	5
Real Estate	1.1%	$142,026,512	1
Unclassified	0.3%	$33,021,184	15

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
PEP	Pepsico Inc	+2,257,108	2,279,847	$288,902,211
ATS	ATS Corp	+1,451,030	6,247,952	$112,775,533
QCOM	Qualcomm Inc	+916,849	1,953,123	$359,452,756
CG	Carlyle Group Inc.	+665,850	1,935,909	$76,778,150
TEL	TE Connectivity plc	+636,268	636,293	$134,308,726
FNV	FRANCO NEVADA Corp	+495,794	1,308,824	$311,644,082
BN	BROOKFIELD Corp	+386,889	6,573,596	$239,673,310
TFPM	Triple Flag Precious Metals Corp.	+368,736	1,549,883	$47,751,895
BDX	Becton Dickinson & Co	+150,931	1,835,571	$328,567,209
COR	Cencora, Inc.	+148,544	658,222	$197,631,155
RCL	Royal Caribbean Cruises Ltd	+143,617	993,719	$264,190,133
FLS	Flowserve Corp	+142,513	3,454,279	$252,576,880
AXP	American Express Co	+90,487	663,655	$201,817,485
AZO	Autozone Inc	+11,257	58,300	$164,990,166
IVV	iShares Core S&P 500 ETF	+622	2,471	$1,892,415
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GEN	Gen Digital Inc.	−5,735,759	9,655	$212,603
CMCSA	Comcast Corp	−4,173,521	20,575	$447,712
MFC	Manulife Financial Corp	−1,357,048	4,550,886	$193,822,234
CP	Canadian Pacific Kansas City Ltd	−1,335,702	2,220,662	$188,978,336
KMB	Kimberly Clark Corp	−1,300,597	3,050	$297,161
OMC	Omnicom Group Inc.	−959,321	2,131,902	$156,971,944
MRK	Merck & Co., Inc.	−884,504	1,188,702	$172,730,287
RCI	Rogers Communications Inc	−859,362	7,343,372	$226,175,857
SEIC	Sei Investments Co	−835,158	659,526	$67,706,939
NTAP	NetApp, Inc.	−732,379	1,193,000	$250,625,440
CAE	Cae Inc	−665,378	4,752,216	$114,100,706
BAM	Brookfield Asset Management Ltd.	−662,683	3,916,794	$174,610,676
TD	Toronto Dominion Bank	−618,210	5,802,499	$681,967,707
CNQ	CANADIAN NATURAL RESOURCES Ltd	−567,901	6,326,804	$297,802,664
QSR	Restaurant Brands International Inc.	−534,646	3,889,875	$276,492,315
GFL	GFL Environmental Inc.	−490,753	5,229,915	$218,767,344
SU	Suncor Energy Inc	−402,440	4,545,404	$308,496,569
GIB	Cgi Inc	−381,732	2,845,117	$193,553,309
DOX	Amdocs Ltd	−301,094	4,313,065	$246,621,056
MAS	Masco Corp	−285,006	3,426,878	$230,971,577
MDT	Medtronic plc	−260,188	3,662,088	$316,001,573
NTR	Nutrien Ltd.	−259,228	2,948,022	$207,098,545
FTS	Fortis Inc.	−259,163	3,211,610	$169,637,240
CNI	Canadian National Railway Co	−254,972	1,850,164	$219,984,499
GIL	Gildan Activewear Inc.	−249,044	2,696,144	$114,936,618
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
CLX	Clorox Co	2,012,569	$163,038,214
IYG	iShares U.S. Financial Services ETF	35	$3,147
KCE	State Street(R) SPDR(R) S&P(R) Capital Markets ETF	20	$3,082
XHB	State Street(R) SPDR(R) S&P(R) Homebuilders ETF	39	$3
FMAT	Fidelity MSCI Materials Index ETF	52	$2
RSP	Victory Portfolios II	2,350	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
SYY	Sysco Corp	946,382	$79,098,607
QQQ	Invesco Qqq Trust, Series 1	305	$224,602
IBM	International Business Machines Corp	210	$59,054
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	29	$3,082
—		10	$830
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

164 tracked positions · $12,688,228,780 total · filing declares 164 positions · $12,703,852 · as of Sep 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 164 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TD	Toronto Dominion Bank Financial Services	Reduced	5,802,499	-618,210	$681,967,707	−12.5%	5.37%
BMO	Bank Of Montreal Financial Services	Reduced	2,471,372	-224,222	$413,336,967	−13.2%	3.26%
RY	Royal Bank Of Canada Financial Services	Reduced	1,968,237	-212,009	$386,935,711	−14.3%	3.05%
QCOM	Qualcomm Inc Technology	Added	1,953,123	+916,849	$359,452,756	+87.7%	2.83%
EBAY	Ebay Inc Consumer Cyclical	Reduced	3,206,101	-160,700	$340,007,011	−9.6%	2.68%
BDX	Becton Dickinson & Co Healthcare	Added	1,835,571	+150,931	$328,567,209	+28.9%	2.59%
MDT	Medtronic plc Healthcare	Reduced	3,662,088	-260,188	$316,001,573	+3.0%	2.49%
PPG	Ppg Industries Inc Basic Materials	Reduced	3,005,809	-221,485	$313,596,052	−19.9%	2.47%
FNV	FRANCO NEVADA Corp Basic Materials	Added	1,308,824	+495,794	$311,644,082	+83.9%	2.46%
SU	Suncor Energy Inc Energy	Reduced	4,545,404	-402,440	$308,496,569	+16.2%	2.43%
CB	Chubb Ltd Financial Services	Reduced	915,648	-41,418	$297,814,512	−8.7%	2.35%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	6,326,804	-567,901	$297,802,664	+9.3%	2.35%
PEP	Pepsico Inc Consumer Defensive	Added	2,279,847	+2,257,108	$288,902,211	+9283.4%	2.28%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	3,889,875	-534,646	$276,492,315	−13.8%	2.18%
UNP	Union Pacific Corp Industrials	Reduced	1,012,848	-39,831	$275,626,326	−3.7%	2.17%
RCL	Royal Caribbean Cruises Ltd Consumer Cyclical	Added	993,719	+143,617	$264,190,133	−2.1%	2.08%
AMP	Ameriprise Financial Inc Financial Services	Reduced	532,541	-23,451	$262,196,561	+2.8%	2.07%
FLS	Flowserve Corp Industrials	Added	3,454,279	+142,513	$252,576,880	+2.8%	1.99%
NTAP	NetApp, Inc. Technology	Reduced	1,193,000	-732,379	$250,625,440	−15.9%	1.98%
DOX	Amdocs Ltd Technology	Reduced	4,313,065	-301,094	$246,621,056	+5.8%	1.94%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	1,436,242	-137,648	$245,209,596	−6.5%	1.93%
BN	BROOKFIELD Corp Financial Services	Added	6,573,596	+386,889	$239,673,310	−9.0%	1.89%
MAS	Masco Corp Industrials	Reduced	3,426,878	-285,006	$230,971,577	−23.5%	1.82%
RCI	Rogers Communications Inc Communication Services	Reduced	7,343,372	-859,362	$226,175,857	−15.2%	1.78%
CNI	Canadian National Railway Co Industrials	Reduced	1,850,164	-254,972	$219,984,499	−12.4%	1.73%
GFL	GFL Environmental Inc. Industrials	Reduced	5,229,915	-490,753	$218,767,344	+3.9%	1.72%
NTR	Nutrien Ltd. Basic Materials	Reduced	2,948,022	-259,228	$207,098,545	+2.6%	1.63%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	713,508	-132,903	$204,905,227	−10.2%	1.61%
AXP	American Express Co Financial Services	Added	663,655	+90,487	$201,817,485	+4.1%	1.59%
COR	Cencora, Inc. Healthcare	Added	658,222	+148,544	$197,631,155	+37.0%	1.56%
MFC	Manulife Financial Corp Financial Services	Reduced	4,550,886	-1,357,048	$193,822,234	−19.0%	1.53%
GIB	Cgi Inc Technology	Reduced	2,845,117	-381,732	$193,553,309	−7.1%	1.53%
CP	Canadian Pacific Kansas City Ltd Industrials	Reduced	2,220,662	-1,335,702	$188,978,336	−38.7%	1.49%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	3,916,794	-662,683	$174,610,676	−15.0%	1.38%
MRK	Merck & Co., Inc. Healthcare	Reduced	1,188,702	-884,504	$172,730,287	−35.2%	1.36%
FTS	Fortis Inc. Utilities	Reduced	3,211,610	-259,163	$169,637,240	−14.6%	1.34%
ELV	Elevance Health, Inc. Healthcare	Reduced	429,951	-148,512	$167,173,547	−25.3%	1.32%
AZO	Autozone Inc Consumer Cyclical	Added	58,300	+11,257	$164,990,166	+9.7%	1.30%
CLX	Clorox Co Consumer Defensive	NEW	2,012,569	NEW	$163,038,214	NEW	1.28%
OMC	Omnicom Group Inc. Communication Services	Reduced	2,131,902	-959,321	$156,971,944	−30.3%	1.24%
WFC	Wells Fargo & Company Financial Services	Reduced	1,899,625	-42,133	$152,064,981	−5.2%	1.20%
CIGI	Colliers International Group Inc. Real Estate	Reduced	1,581,587	-196,192	$142,026,512	−14.8%	1.12%
AMGN	Amgen Inc Healthcare	Reduced	335,540	-185,037	$141,433,465	−25.0%	1.11%
TEL	TE Connectivity plc Technology	Added	636,293	+636,268	$134,308,726	+2664755.7%	1.06%
BLK	BlackRock, Inc. Financial Services	Reduced	121,612	-4,537	$128,700,763	+6.1%	1.01%
SLF	Sun Life Financial Inc Financial Services	Reduced	1,610,200	-133,257	$125,547,294	−8.2%	0.99%
TRP	Tc Energy Corp Energy	Reduced	2,114,835	-173,541	$122,195,166	−19.4%	0.96%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	2,696,144	-249,044	$114,936,618	−24.4%	0.91%
CAE	Cae Inc Industrials	Reduced	4,752,216	-665,378	$114,100,706	−16.0%	0.90%
ATS	ATS Corp Industrials	Added	6,247,952	+1,451,030	$112,775,533	−18.3%	0.89%

Showing the top 50 of 164 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.