PICTON MAHONEY ASSET MANAGEMENT

CIK

1539041

Location

Toronto, A6

Portfolio Value

Mid $9,441,841,412

Diversification

Diversified

Filing Date

Global Rank

#407 / 8,636 ▲ 33 · as of Mar 2026

Top Industry

Gold 10.6%

3Y Alpha vs SPY

+0.3%

Period ended 4 months ago

Filed May 13, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+87.6%

SPY

+78.8%

Annualised alpha

+2.0%

Max drawdown

−19.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 99% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

4.5%

−0.8 pts

Top 5

16.4%

−0.2 pts

Top 10

25.9%

+0.6 pts

HHI

112

Diversified−8

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	25.8%	$2,439,436,496	258
Technology	17.7%	$1,669,677,095	131
Basic Materials	14.4%	$1,362,442,633	44
Energy	11.1%	$1,048,987,882	43
Industrials	9.0%	$849,029,792	141
Consumer Cyclical	6.5%	$616,663,498	102
Communication Services	4.7%	$440,363,650	30
Healthcare	4.6%	$438,945,261	92
Utilities	2.7%	$256,209,100	32
Consumer Defensive	2.0%	$187,137,370	44
Real Estate	1.1%	$106,510,456	43
Unclassified	0.3%	$26,438,179	9

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
TECK	Teck Resources Ltd	+2,254,233	3,249,983	$168,186,620
SU	Suncor Energy Inc	+1,919,912	2,874,698	$190,046,284
AQN	Algonquin Power & Utilities Corp.	+1,361,666	4,880,746	$29,967,780
TEVA	Teva Pharmaceutical Industries Ltd	+1,229,467	1,810,218	$54,523,766
PAAS	Pan American Silver Corp	+797,248	810,557	$44,280,728
CGNX	Cognex Corp	+779,673	928,655	$45,494,808
BRZE	Braze, Inc.	+759,762	1,200,172	$28,336,060
FOLD	AMICUS THERAPEUTICS, INC.	+715,674	1,330,842	$0
CNQ	CANADIAN NATURAL RESOURCES Ltd	+714,806	5,381,403	$262,235,768
OR	OR Royalties Inc.	+679,676	3,840,194	$146,004,175
CAE	Cae Inc	+596,729	1,554,416	$40,492,536
HBAN	Huntington Bancshares Inc /Md/	+473,245	609,118	$9,532,696
HOLX	HOLOGIC INC	+449,300	950,514	$0
SHOP	Shopify Inc.	+412,685	2,345,617	$278,237,088
BKD	Brookdale Senior Living Inc.	+411,490	963,997	$13,187,478
AEM	Agnico Eagle Mines Ltd	+381,736	1,148,916	$233,206,969
KVYO	Klaviyo, Inc.	+368,774	401,068	$7,804,783
TD	Toronto Dominion Bank	+349,746	3,746,718	$349,606,256
GLXY	Galaxy Digital Inc.	+345,127	346,627	$6,395,268
KKR	KKR & Co. Inc.	+327,463	602,038	$55,688,515
HPE	Hewlett Packard Enterprise Co	+269,940	287,710	$6,850,375
ARES	Ares Management Corp	+263,918	393,255	$42,904,120
MGNI	Magnite, Inc.	+254,947	643,078	$7,639,766
JHG	Janus Henderson Group Ltd.	+250,000	425,031	$0
TEAM	Atlassian Corp	+247,011	323,360	$22,069,320
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	−1,957,036	4,867,402	$129,132,175
BCE	Bce Inc	−1,932,398	31,541	$796,094
SSRM	Ssr Mining Inc.	−1,637,724	58,772	$1,727,896
BB	BLACKBERRY Ltd	−1,602,252	137,030	$443,977
BSX	Boston Scientific Corp	−938,690	31,215	$1,958,741
MFC	Manulife Financial Corp	−837,605	1,058,547	$36,456,358
CM	Canadian Imperial Bank Of Commerce /Can/	−811,563	183,173	$17,355,641
ZG	Zillow Group, Inc.	−786,767	39,706	$1,643,034
BAC	Bank Of America Corp /De/	−731,681	8,458	$412,327
GFUZ	General Fusion Group Ltd.	−700,000	319,677	$3,247,918
BIPH	Brookfield Infrastructure Partners L.P.	−639,158	1,203,560	$18,173,756
B	Barrick Mining Corp	−632,660	2,790,362	$113,818,865
SIMA	SIM Acquisition Corp. I	−500,000	1,300,000	$13,936,000
GPAT	GP-Act III Acquisition Corp.	−500,000	1,375,000	$14,905,000
RKT	Rocket Companies, Inc.	−338,162	1,578,770	$22,497,472
CWK	Cushman & Wakefield Ltd.	−331,816	58,687	$719,502
HBM	Hudbay Minerals Inc.	−275,457	4,758,830	$99,459,547
IAG	Iamgold Corp	−270,220	4,758,754	$89,559,750
SAIL	SailPoint, Inc.	−251,938	33,920	$449,100
CTLP	Cantaloupe, Inc.	−250,000	150,000	$0
SNOW	Snowflake Inc.	−240,080	107,420	$16,201,084
OSW	ONESPAWORLD HOLDINGS Ltd	−239,304	159,644	$3,663,829
ADMA	Adma Biologics, Inc.	−230,752	64	$576
NTGR	Netgear, Inc.	−223,486	8,412	$183,718
DBRG	DigitalBridge Group, Inc.	−218,946	231,455	$3,569,036
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SLF	Sun Life Financial Inc	1,374,917	$86,014,807
SJM	J M SMUCKER Co	366,050	$35,301,862
COHR	Coherent Corp.	120,294	$28,655,233
MRVL	Marvell Technology, Inc.	285,953	$28,323,644
PEN	Penumbra Inc	80,000	$26,269,600
AU	AngloGold Ashanti PLC	261,357	$25,445,717
NOW	ServiceNow, Inc.	200,000	$20,910,000
CDE	Coeur Mining, Inc.	1,079,102	$20,254,744
CGAU	Centerra Gold Inc.	1,100,036	$19,569,640
OVV	Ovintiv Inc.	297,560	$17,663,161
CENX	Century Aluminum Co	295,330	$17,332,917
MRK	Merck & Co., Inc.	135,203	$16,263,568
WMB	Williams Companies, Inc.	220,576	$16,053,521
AAOI	Applied Optoelectronics, Inc.	180,080	$15,232,967
CTAS	Cintas Corp	82,857	$14,014,432
TW	Tradeweb Markets Inc.	101,902	$11,989,789
CAT	Caterpillar Inc	15,803	$11,195,793
SO	Southern Co	114,444	$11,046,134
AMPX	Amprius Technologies, Inc.	650,000	$10,959,000
AEAQ	Activate Energy Acquisition Corp.	1,025,000	$10,137,250
GPAC	General Purpose Acquisition Corp.	1,000,000	$9,910,000
CL	Colgate Palmolive Co	108,372	$9,236,545
SEI	Solaris Energy Infrastructure, Inc.	163,385	$9,232,886
DIA	Spdr Dow Jones Industrial Average ETF Trust	19,500	$9,032,205
BIPC	Brookfield Infrastructure Corp	228,424	$9,027,316
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CIGI	Colliers International Group Inc.	375,697	$55,231,215
ORCL	Oracle Corp	200,000	$38,982,000
CSGP	Costar Group, Inc.	504,140	$33,898,373
TPG	TPG Inc.	440,521	$28,122,860
MEOH	Methanex Corp	422,784	$16,792,980
FTW	PRESIDIO PRODUCTION Co	1,549,997	$16,259,468
TU	Telus Corp	1,200,000	$15,804,000
APPN	Appian Corp	400,000	$14,168,000
GFI	Gold Fields Ltd	322,907	$14,098,119
DPZ	Dominos Pizza Inc	29,842	$12,438,742
INSM	INSMED Inc	57,259	$9,965,356
FSLR	First Solar, Inc.	38,077	$9,946,854
CCIX	Churchill Capital Corp IX/Cayman	898,300	$9,548,929
AMKR	Amkor Technology, Inc.	232,949	$9,196,826
QCOM	Qualcomm Inc/De	52,709	$9,015,874
SLG	Sl Green Realty Corp	195,334	$8,959,970
CRDO	Credo Technology Group Holding Ltd	55,455	$7,979,419
U	Unity Software Inc.	172,124	$7,602,717
PFE	Pfizer Inc	289,736	$7,214,426
LBRDA	Liberty Broadband Corp	125,000	$6,075,000
MKTX	Marketaxess Holdings Inc	32,396	$5,871,775
NRG	Nrg Energy, Inc.	36,698	$5,843,789
INOD	Innodata Inc	109,001	$5,553,600
GLD	Spdr Gold Trust	12,000	$4,755,720
UAA	Under Armour, Inc.	833,125	$3,999,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

969 tracked positions · $9,441,841,412 total · filing declares 1,238 positions · $13,546,203,166 · 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 969 positions by value · page 1 of 20

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Added	2,654,433	+2,390	$429,434,170	−5.0%	4.55%
TD	Toronto Dominion Bank Financial Services	Added	3,746,718	+349,746	$349,606,256	+9.3%	3.70%
SHOP	Shopify Inc. CALL + SHARES Technology	Added	2,345,617	+412,685	$278,237,088	−10.6%	2.95%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	5,381,403	+714,806	$262,235,768	+66.0%	2.78%
AEM	Agnico Eagle Mines Ltd CALL + SHARES Basic Materials	Added	1,148,916	+381,736	$233,206,969	+79.3%	2.47%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	2,479,436	+226,734	$195,032,435	+17.6%	2.07%
SU	Suncor Energy Inc Energy	Added	2,874,698	+1,919,912	$190,046,284	+348.7%	2.01%
FNV	FRANCO NEVADA Corp Basic Materials	Added	759,289	+128,586	$187,582,347	+43.5%	1.99%
TECK	Teck Resources Ltd CALL + SHARES Basic Materials	Added	3,249,983	+2,254,233	$168,186,620	+252.7%	1.78%
NVDA	Nvidia Corp Technology	Added	889,790	+87,662	$155,179,376	+3.7%	1.64%
ENB	Enbridge Inc Energy	Added	2,780,513	+114,177	$150,536,973	+18.0%	1.59%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	3,655,199	+41,561	$147,925,903	−10.8%	1.57%
OR	OR Royalties Inc. CALL + SHARES Basic Materials	Added	3,840,194	+679,676	$146,004,175	+30.5%	1.55%
TRP	Tc Energy Corp Energy	Added	2,064,368	+8,405	$129,229,436	+14.3%	1.37%
CVE	Cenovus Energy Inc. Energy	Reduced	4,867,402	-1,957,036	$129,132,175	+11.8%	1.37%
GOOGL	Alphabet Inc. Communication Services	Added	415,214	+32,406	$119,397,966	−0.4%	1.26%
RCI	Rogers Communications Inc Communication Services	Added	2,992,163	+194,910	$115,048,667	+9.0%	1.22%
B	Barrick Mining Corp Basic Materials	Reduced	2,790,362	-632,660	$113,818,865	−23.6%	1.21%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	805,623	-4,715	$105,544,669	+10.8%	1.12%
AAPL	Apple Inc. Technology	Reduced	405,360	-7,732	$102,876,314	−8.4%	1.09%
HBM	Hudbay Minerals Inc. CALL + SHARES Basic Materials	Reduced	4,758,830	-275,457	$99,459,547	−0.5%	1.05%
CLS	Celestica Inc Technology	Reduced	330,699	-195,011	$93,151,294	−40.1%	0.99%
IAG	Iamgold Corp Basic Materials	Reduced	4,758,754	-270,220	$89,559,750	+8.0%	0.95%
SLF	Sun Life Financial Inc Financial Services	NEW	1,374,917	NEW	$86,014,807	NEW	0.91%
AMZN	Amazon Com Inc Consumer Cyclical	Added	362,073	+19,376	$75,408,943	−4.7%	0.80%
MSFT	Microsoft Corp Technology	Reduced	199,360	-27,693	$73,797,091	−32.8%	0.78%
WCN	Waste Connections, Inc. Industrials	Reduced	439,114	-202,129	$71,329,678	−36.6%	0.76%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	550,447	+40,905	$70,380,153	−13.3%	0.75%
CCJ	Cameco Corp Energy	Added	597,374	+115,540	$64,880,790	+47.2%	0.69%
MU	Micron Technology Inc CALL + SHARES Technology	Added	190,405	+156,681	$64,326,425	+568.3%	0.68%
INTU	Intuit Inc. CALL + SHARES Technology	Added	148,452	+128,265	$64,187,675	+380.0%	0.68%
BEP	Brookfield Renewable Partners L.P. Utilities	Added	1,878,324	+199,497	$61,308,495	+35.4%	0.65%
AVGO	Broadcom Inc. Technology	Added	192,152	+10,479	$59,472,965	−5.4%	0.63%
KKR	KKR & Co. Inc. CALL + SHARES Financial Services	Added	602,038	+327,463	$55,688,515	+59.1%	0.59%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	991,564	-134,986	$55,180,536	−21.6%	0.58%
TEVA	Teva Pharmaceutical Industries Ltd CALL + SHARES Healthcare	Added	1,810,218	+1,229,467	$54,523,766	+200.8%	0.58%
MDB	MongoDB, Inc. CALL + SHARES Technology	Added	219,672	+147,251	$53,769,115	+76.9%	0.57%
MGA	Magna International Inc Consumer Cyclical	Added	958,016	+212,302	$53,466,872	+34.5%	0.57%
CGNX	Cognex Corp CALL + SHARES Technology	Added	928,655	+779,673	$45,494,808	+748.7%	0.48%
PAAS	Pan American Silver Corp Basic Materials	Added	810,557	+797,248	$44,280,728	+6321.8%	0.47%
ARES	Ares Management Corp CALL + SHARES Financial Services	Added	393,255	+263,918	$42,904,120	+105.2%	0.45%
EA	Electronic Arts Inc. Communication Services	Reduced	204,600	-77,900	$41,711,802	−27.7%	0.44%
CAE	Cae Inc Industrials	Added	1,554,416	+596,729	$40,492,536	+39.0%	0.43%
DSGX	Descartes Systems Group Inc Technology	Added	553,578	+57,095	$39,614,041	−9.0%	0.42%
JPM	Jpmorgan Chase & Co Financial Services	Added	127,375	+67,867	$37,468,630	+95.4%	0.40%
DOO	BRP Inc. Consumer Cyclical	Reduced	512,818	-187,239	$36,825,460	−25.7%	0.39%
MFC	Manulife Financial Corp Financial Services	Reduced	1,058,547	-837,605	$36,456,358	−47.0%	0.39%
SJM	J M SMUCKER Co CALL + SHARES Consumer Defensive	NEW	366,050	NEW	$35,301,862	NEW	0.37%
FSV	FirstService Corp Real Estate	Reduced	244,183	-63,163	$33,926,786	−29.0%	0.36%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	99,636	+7,002	$33,671,986	+19.6%	0.36%

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.