INTACT INVESTMENT MANAGEMENT INC.

CIK

1443077

Location

MONTREAL, A8

Portfolio Value

Mid $3,487,168,261

Diversification

Diversified

Filing Date

Global Rank

#840 / 8,604 ▲ 23 · as of Mar 2026

Top Industry

Banks - Diversified 12.6%

3Y Alpha vs SPY

-4.7%

Period ended 3 months ago

Filed May 8, 2026 · 2mo

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

+58.5%

SPY

+76.5%

Annualised alpha

-4.3%

Max drawdown

−14.6%

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

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

Top Position

5.1%

−1.2 pts

Top 5

18.0%

−0.9 pts

Top 10

30.8%

−0.3 pts

HHI

156

Diversified−11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	20.6%	$717,359,884	37
Energy	18.2%	$635,386,121	24
Basic Materials	11.0%	$385,322,501	29
Utilities	9.4%	$329,275,782	18
Communication Services	8.8%	$308,114,723	14
Industrials	7.6%	$264,213,037	26
Technology	7.1%	$247,676,095	39
Consumer Cyclical	6.9%	$241,675,485	14
Healthcare	4.2%	$147,649,973	24
Consumer Defensive	3.7%	$129,728,876	20
Real Estate	2.1%	$73,621,800	18
Unclassified	0.2%	$7,143,984	1

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
TU	Telus Corp	+1,694,800	4,133,462	$53,032,317
KGC	Kinross Gold Corp	+1,287,629	1,576,089	$48,102,236
TAC	Transalta Corp	+1,020,200	1,449,000	$18,981,900
EMA	Emera Inc	+918,620	1,794,525	$93,082,011
BAM	Brookfield Asset Management Ltd.	+878,610	1,661,168	$73,838,917
HBM	Hudbay Minerals Inc.	+638,590	643,210	$13,443,089
OPEN	Opendoor Technologies Inc.	+441,390	615,840	$2,882,131
BIPH	Brookfield Infrastructure Partners L.P.	+439,200	2,834,584	$102,385,174
CNI	Canadian National Railway Co	+395,500	961,420	$98,805,133
CVE	Cenovus Energy Inc.	+384,372	3,750,960	$99,512,968
VET	Vermilion Energy Inc.	+377,700	1,466,800	$20,212,504
RY	Royal Bank Of Canada	+326,400	1,098,659	$177,741,053
SU	Suncor Energy Inc	+307,490	2,002,650	$132,395,191
OTEX	Open Text Corp	+263,200	991,940	$22,060,745
TRI	Thomson Reuters Corp /Can/	+201,429	207,729	$18,691,455
BMO	Bank Of Montreal /Can/	+177,185	389,505	$52,715,606
QSR	Restaurant Brands International Inc.	+144,400	648,661	$47,936,047
WPM	Wheaton Precious Metals Corp.	+120,680	248,660	$32,576,946
MFC	Manulife Financial Corp	+115,226	2,467,191	$84,970,058
WFG	West Fraser Timber Co., Ltd	+103,150	198,000	$12,927,420
SOBO	South Bow Corp	+101,500	1,065,860	$35,514,455
BN	BROOKFIELD Corp /ON/	+91,300	402,605	$16,293,424
NOA	North American Construction Group Ltd.	+91,000	208,000	$2,803,840
IAG	Iamgold Corp	+80,660	1,153,341	$21,705,877
WCN	Waste Connections, Inc.	+75,520	114,877	$18,660,619
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BTE	Baytex Energy Corp.	−2,362,070	6,506,300	$29,083,161
SLF	Sun Life Financial Inc	−1,604,372	407,711	$25,506,400
CGAU	Centerra Gold Inc.	−1,189,420	325,400	$5,788,866
B	Barrick Mining Corp	−1,125,200	923,120	$37,654,064
TD	Toronto Dominion Bank	−1,053,490	1,256,136	$117,210,050
FTS	Fortis Inc.	−870,714	51,030	$2,846,963
AQN	Algonquin Power & Utilities Corp.	−764,500	3,302,119	$20,275,010
CAE	Cae Inc	−520,110	682,245	$17,772,482
PBA	Pembina Pipeline Corp	−468,550	1,701,464	$76,157,528
RCI	Rogers Communications Inc	−457,800	1,771,601	$68,118,058
MEOH	Methanex Corp	−378,210	299,400	$17,826,276
BEP	Brookfield Renewable Partners L.P.	−373,440	783,147	$25,561,918
MGA	Magna International Inc	−334,610	1,240,010	$69,204,958
EXK	Endeavour Silver Corp	−296,200	75,700	$704,767
BCE	Bce Inc	−260,630	3,587,760	$90,555,062
ENB	Enbridge Inc	−251,183	736,793	$39,889,973
NTR	Nutrien Ltd.	−200,670	855,835	$64,581,309
TGB	Trekor Metals Ltd	−171,300	809,100	$5,218,695
CM	Canadian Imperial Bank Of Commerce /Can/	−166,050	324,820	$30,776,695
EFXT	Enerflex Ltd.	−161,900	238,800	$4,995,696
NG	Novagold Resources Inc	−128,500	700	$6,286
DNN	Denison Mines Corp.	−127,300	1,178,300	$4,159,399
BGSI	Boyd Group Services Inc.	−99,000	62,780	$8,027,050
CNQ	CANADIAN NATURAL RESOURCES Ltd	−98,330	827,260	$40,312,379
ISOU	IsoEnergy Ltd.	−83,419	108,581	$1,144,443
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
OVV	Ovintiv Inc.	680,830	$40,414,068
EGO	Eldorado Gold Corp /Fi	543,140	$18,645,996
TFII	TFI International Inc.	75,600	$8,212,428
APH	Amphenol Corp /De/	57,400	$7,252,490
EOG	Eog Resources Inc	40,100	$5,797,257
PCG	PG&E Corp	268,800	$4,722,816
HBAN	Huntington Bancshares Inc /Md/	272,000	$4,256,800
LAR	Lithium Argentina AG	497,100	$3,320,628
TSAT	Telesat Corp	73,700	$2,667,940
SUNB	Sunbelt Rentals Holdings, Inc.	39,300	$2,558,037
SVM	Silvercorp Metals Inc	162,700	$1,747,398
MCHP	Microchip Technology Inc	26,900	$1,738,009
MSI	Motorola Solutions, Inc.	4,000	$1,735,880
LYB	LyondellBasell Industries N.V.	19,400	$1,562,864
ATS	ATS Corp /ATS	53,389	$1,505,569
ERO	Ero Copper Corp.	54,900	$1,464,183
BB	BLACKBERRY Ltd	403,100	$1,306,044
ANET	Arista Networks, Inc.	10,200	$1,252,356
TDG	TransDigm Group INC	800	$927,168
BEPC	Brookfield Renewable Corp	21,000	$836,430
DDOG	Datadog, Inc.	6,700	$790,935
IQV	Iqvia Holdings Inc.	3,800	$648,052
PODD	Insulet Corp	2,900	$608,536
DLTR	Dollar Tree, Inc.	5,100	$558,501
AAUC	Allied Gold Corp	17,700	$549,408
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GRTUF	Granite Real Estate Investment Trust	1,194,147	$70,681,560
NGD	New Gold Inc. /FI	1,234,560	$10,753,017
BTG	B2gold Corp	1,642,400	$7,407,224
ORLA	Orla Mining Ltd.	470,029	$6,331,290
WM	Waste Management Inc	28,600	$6,283,706
EIX	Edison International	92,200	$5,533,844
FITB	Fifth Third Bancorp	102,100	$4,779,301
GLW	Corning Inc /Ny	52,200	$4,570,632
SKE	Skeena Resources Ltd	157,200	$3,730,356
TFPM	Triple Flag Precious Metals Corp.	108,000	$3,587,760
ARIS	Aris Mining Corp	153,500	$2,491,305
UUUU	Energy Fuels Inc	147,400	$2,143,196
CL	Colgate Palmolive Co	24,400	$1,928,088
COIN	Coinbase Global, Inc.	4,950	$1,119,393
ADBE	Adobe Inc.	2,910	$1,018,470
WTW	Willis Towers Watson PLC	800	$262,880
MLM	Martin Marietta Materials Inc	300	$186,798
DOO	BRP Inc.	2,200	$155,672
SSRM	Ssr Mining Inc.	7,100	$155,632
STN	Stantec Inc	1,600	$150,976
ADSK	Autodesk, Inc.	300	$88,803
WDAY	Workday, Inc.	400	$85,912
MPC	Marathon Petroleum Corp	500	$81,315
CLX	Clorox Co /De/	800	$80,664
FISV	Fiserv Inc	1,200	$80,604
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

264 positions · $3,487,168,261 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 264 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Added	1,098,659	+326,400	$177,741,053	+35.0%	5.10%
SU	Suncor Energy Inc Energy	Added	2,002,650	+307,490	$132,395,191	+76.1%	3.80%
TD	Toronto Dominion Bank Financial Services	Reduced	1,256,136	-1,053,490	$117,210,050	−46.1%	3.36%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Added	2,834,584	+439,200	$102,385,174	+23.0%	2.94%
CVE	Cenovus Energy Inc. Energy	Added	3,750,960	+384,372	$99,512,968	+74.7%	2.85%
CNI	Canadian National Railway Co Industrials	Added	961,420	+395,500	$98,805,133	+76.6%	2.83%
EMA	Emera Inc Utilities	Added	1,794,525	+918,620	$93,082,011	+115.8%	2.67%
BCE	Bce Inc Communication Services	Reduced	3,587,760	-260,630	$90,555,062	−1.2%	2.60%
MFC	Manulife Financial Corp Financial Services	Added	2,467,191	+115,226	$84,970,058	−0.4%	2.44%
PBA	Pembina Pipeline Corp Energy	Reduced	1,701,464	-468,550	$76,157,528	−7.8%	2.18%
BAM	Brookfield Asset Management Ltd. Financial Services	Added	1,661,168	+878,610	$73,838,917	+80.1%	2.12%
MGA	Magna International Inc Consumer Cyclical	Reduced	1,240,010	-334,610	$69,204,958	−17.5%	1.98%
RCI	Rogers Communications Inc Communication Services	Reduced	1,771,601	-457,800	$68,118,058	−19.0%	1.95%
NTR	Nutrien Ltd. Basic Materials	Reduced	855,835	-200,670	$64,581,309	−1.0%	1.85%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	1,084,335	-1,200	$60,343,242	−11.0%	1.73%
TU	Telus Corp Communication Services	Added	4,133,462	+1,694,800	$53,032,317	+65.1%	1.52%
BMO	Bank Of Montreal /Can/ Financial Services	Added	389,505	+177,185	$52,715,606	+91.3%	1.51%
KGC	Kinross Gold Corp Basic Materials	Added	1,576,089	+1,287,629	$48,102,236	+492.2%	1.38%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	648,661	+144,400	$47,936,047	+39.3%	1.37%
OVV	Ovintiv Inc. Energy	NEW	680,830	NEW	$40,414,068	NEW	1.16%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	827,260	-98,330	$40,312,379	+28.7%	1.16%
ENB	Enbridge Inc Energy	Reduced	736,793	-251,183	$39,889,973	−15.6%	1.14%
B	Barrick Mining Corp Basic Materials	Reduced	923,120	-1,125,200	$37,654,064	−57.8%	1.08%
SOBO	South Bow Corp Energy	Added	1,065,860	+101,500	$35,514,455	+34.1%	1.02%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	140,858	-65,350	$34,798,968	−18.6%	1.00%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	248,660	+120,680	$32,576,946	+116.6%	0.93%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	159,123	-47,435	$32,298,786	−7.8%	0.93%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	324,820	-166,050	$30,776,695	−30.8%	0.88%
SHOP	Shopify Inc. Technology	Reduced	245,694	-20,060	$29,144,222	−31.9%	0.84%
BTE	Baytex Energy Corp. Energy	Reduced	6,506,300	-2,362,070	$29,083,161	+1.5%	0.83%
TRP	Tc Energy Corp Energy	Reduced	457,635	-19,670	$28,647,951	+9.1%	0.82%
BNS	Bank Of Nova Scotia Financial Services	Reduced	392,073	-41,589	$27,174,579	−15.0%	0.78%
RBA	Rb Global Inc. Industrials	Added	280,882	+20,730	$26,922,539	+0.6%	0.77%
BEP	Brookfield Renewable Partners L.P. Utilities	Reduced	783,147	-373,440	$25,561,918	−18.1%	0.73%
SLF	Sun Life Financial Inc Financial Services	Reduced	407,711	-1,604,372	$25,506,400	−79.7%	0.73%
MSFT	Microsoft Corp Technology	Held	64,900	0	$24,024,033	−23.5%	0.69%
ABBV	AbbVie Inc. Healthcare	Added	107,630	+19,840	$23,408,448	+16.7%	0.67%
PM	Philip Morris International Inc. Consumer Defensive	Added	140,700	+2,600	$23,263,338	+5.0%	0.67%
OTEX	Open Text Corp Technology	Added	991,940	+263,200	$22,060,745	−7.1%	0.63%
IAG	Iamgold Corp Basic Materials	Added	1,153,341	+80,660	$21,705,877	+22.7%	0.62%
MRK	Merck & Co., Inc. Healthcare	Reduced	173,500	-9,600	$20,870,315	+8.3%	0.60%
GOOGL	Alphabet Inc. Communication Services	Added	71,700	+600	$20,618,052	−7.4%	0.59%
AVGO	Broadcom Inc. Technology	Added	66,050	+650	$20,443,135	−9.7%	0.59%
AQN	Algonquin Power & Utilities Corp. Utilities	Reduced	3,302,119	-764,500	$20,275,010	−18.9%	0.58%
VET	Vermilion Energy Inc. Energy	Added	1,466,800	+377,700	$20,212,504	+122.5%	0.58%
CVX	Chevron Corp Energy	Added	97,262	+200	$20,123,507	+36.0%	0.58%
CCJ	Cameco Corp Energy	Added	177,090	+7,350	$19,233,744	+23.9%	0.55%
HD	Home Depot, Inc. Consumer Cyclical	Held	57,800	0	$19,009,842	−4.4%	0.55%
TAC	Transalta Corp Utilities	Added	1,449,000	+1,020,200	$18,981,900	+250.2%	0.54%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	207,729	+201,429	$18,691,455	+2149.5%	0.54%