PICTON MAHONEY ASSET MANAGEMENT

Non-US

CIK

1539041

Location

Toronto, A6

Portfolio Value

Large $13,347,396,799

Diversification

Diversified

Filing Date

Global Rank

#453 / 8,826 ▼ 49

Top Industry

Banks - Diversified 13.7%

Period ended 4 months ago

Filed Aug 13, 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

Non-US

Schedule 13G, Oct 20, 2026

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
BLUW Blue Water Acquisition Corp. III	13G	Sep 30, 2026	16d	1,400,000	5.39%	—	Current
PONO Pono Capital Four, Inc.	13G	Sep 30, 2026	16d	700,000	5.74%	—	Current
SCPQ Social Commerce Partners Corp	13G	Sep 30, 2026	16d	575,000	5.56%	—	Current
UAC United Acquisition Corp. I	13G	Sep 30, 2026	16d	599,996	5.74%	—	Current
LATA Galata Acquisition Corp. II	13G/A	Dec 31, 2025	10mo	999,996	5.8%	—	Current
CHEC Chenghe Acquisition III Co.	13G	Nov 28, 2025	11mo	1,000,000	7.66%	—	Current
LATAU now LATA Galata Acquisition Corp. II	13G	Sep 30, 2025	1y	1,000,000	5.8%	—	Current
FIGXU now FIGX FIGX Capital Acquisition Corp.	13G	Jun 30, 2025	1y	1,000,000	6.64%	—	Current
FACT FACT II Acquisition Corp.	13G	Apr 30, 2025	1y	1,250,000	6.76%	—	Current
UZD now AD Array Digital Infrastructure, Inc.	13G/A	Feb 28, 2025	1y	1,000,000	—	—	Current
LPAAU now LPAA Launch One Acquisition Corp.	13G	Sep 30, 2024	2y	1,669,756	7.26%	—	Unconfirmed since Sep 30, 2024
SIMAU now SIMA SIM Acquisition Corp. I	13G	Sep 30, 2024	2y	1,400,000	6.09%	—	Unconfirmed since Sep 30, 2024
VLOSU now VLOS Velos Acquisition I Corp.	13G	Sep 30, 2024	2y	1,875,000	6.52%	—	Unconfirmed since Sep 30, 2024

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 18 exited, below-5% or retired stakes

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 26.2%, 77.0 effective positions, active share 74.1% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

69.0% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 6.6 quarters, but 5.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 74.1%; sector active share 35.6% 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

1,306 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.7%

−13.4 pts

Top 5

21.9%

−10.1 pts

Top 10

29.2%

−10.0 pts

HHI

174

Diversified−374

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	25.0%	$3,341,813,646	464
Technology	18.7%	$2,492,230,763	159
Unclassified	13.5%	$1,802,440,434	46
Basic Materials	8.8%	$1,174,805,440	64
Industrials	8.3%	$1,114,360,797	150
Energy	7.8%	$1,046,160,726	77
Consumer Cyclical	5.1%	$684,043,780	92
Healthcare	4.5%	$596,075,535	86
Communication Services	3.8%	$501,708,420	42
Utilities	2.3%	$303,879,085	33
Consumer Defensive	1.1%	$152,741,011	39
Real Estate	1.0%	$137,137,162	54

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FSM	Fortuna Mining Corp.	+1,482,118	1,643,665	$13,888,969
CVE	Cenovus Energy Inc.	+1,120,504	5,987,906	$148,559,947
BN	BROOKFIELD Corp	+1,096,706	4,751,905	$202,383,633
TD	Toronto Dominion Bank	+831,878	4,578,596	$555,978,912
BMO	Bank Of Montreal	+707,670	945,606	$167,088,580
BNS	Bank Of Nova Scotia	+696,888	735,921	$63,907,379
SLF	Sun Life Financial Inc	+686,356	2,061,273	$161,645,028
RY	Royal Bank Of Canada	+660,667	3,315,100	$686,126,247
ENB	Enbridge Inc	+591,169	3,371,682	$182,778,881
OGN	Organon & Co.	+574,945	575,000	$7,785,500
RKT	Rocket Companies, Inc.	+559,814	2,138,584	$33,682,698
HBAN	Huntington Bancshares Inc	+433,817	1,042,935	$18,491,237
PAAS	Pan American Silver Corp	+397,290	1,207,847	$54,099,467
HBM	Hudbay Minerals Inc.	+396,101	4,154,931	$98,097,920
TECK	Teck Resources Ltd	+383,257	1,733,240	$103,058,450
BCE	Bce Inc	+383,027	414,568	$8,917,357
CP	Canadian Pacific Kansas City Ltd	+350,443	2,829,879	$245,209,015
BEP	Brookfield Renewable Partners L.P.	+340,988	2,219,312	$77,076,705
AQN	Algonquin Power & Utilities Corp.	+309,317	5,190,063	$30,413,769
SPLV	Invesco S&P 500 Low Volatility ETF	+302,576	1,254,188	$93,938,681
ELAN	Elanco Animal Health Inc	+280,581	979,269	$24,099,810
—		+274,945	275,000	$8,643,252
DSGX	Descartes Systems Group Inc	+269,193	822,771	$56,968,664
KGC	Kinross Gold Corp	+266,728	388,558	$9,177,739
ALHC	Alignment Healthcare, Inc.	+264,192	666,041	$15,858,436
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GPAT	GP-Act III Acquisition Corp.	−1,125,000	250,000	$2,717,500
CNQ	CANADIAN NATURAL RESOURCES Ltd	−1,110,625	4,270,778	$168,695,731
CUB	Lionheart Holdings	−1,000,000	500,000	$5,385,000
MFC	Manulife Financial Corp	−989,774	68,773	$2,785,994
CCXI	Churchill Capital Corp XI	−650,000	100,000	$1,745,000
CDE	Coeur Mining, Inc.	−617,668	461,434	$7,530,602
CAE	Cae Inc	−610,396	944,020	$23,657,141
—		−499,775	225	$3,714
BRZE	Braze, Inc.	−426,792	173,380	$3,760,612
SIMAW	SIM Acquisition Corp. I	−350,600	349,400	$88,049
GLXY	Galaxy Digital Inc.	−343,627	3,000	$82,020
EU	enCore Energy Corp.	−321,155	583,355	$764,195
TACHW	Titan Acquisition Corp.	−300,000	200,000	$142,900
CUBWW	Lionheart Holdings	−300,000	450,000	$166,500
STGW	Stagwell Inc	−299,443	499	$3,707
SLSR	Solaris Resources Inc.	−268,908	1,888,614	$15,826,585
HCACR	Hall Chadwick Acquisition Corp	−250,000	450,000	$129,780
—		−250,000	500,000	$225,000
OR	OR Royalties Inc.	−249,098	3,091,096	$97,771,366
T	At&T Inc.	−233,388	1,345	$27,841
EYE	National Vision Holdings, Inc.	−218,791	54,225	$1,030,817
DOO	BRP Inc.	−217,769	295,049	$18,003,889
TRI	Thomson Reuters Corp	−213,700	2,079	$169,791
—		−203,830	96,170	$1,047,291
SZZLR	Sizzle Acquisition Corp. II	−200,000	300,000	$48,750
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
TFII	TFI International Inc.	182,513	$26,203,391
—		165,000	$21,900,450
—		145,000	$17,907,505
BBUC	Brookfield Business Corp	573,121	$17,107,661
BAM	Brookfield Asset Management Ltd.	373,792	$16,764,571
—		45,810	$16,241,019
TPG	TPG Inc.	393,308	$15,948,639
TXN	Texas Instruments Inc	53,019	$15,803,373
VLO	Valero Energy Corp	59,730	$15,556,081
IEX	Idex Corp	68,194	$15,476,628
SXT	Sensient Technologies Corp	117,326	$14,465,122
RRX	Regal Rexnord Corp	59,608	$14,198,029
CZR	Caesars Entertainment, Inc.	435,300	$13,137,354
OKTA	Okta, Inc.	90,517	$12,351,044
ARMK	Aramark	205,056	$11,667,686
BIIB	Biogen Inc.	46,536	$10,054,568
WSC	WillScot Holdings Corp	338,097	$9,757,479
DVN	Devon Energy Corp	202,125	$8,351,805
QURE	uniQure N.V.	181,215	$8,346,762
TRLV	Trulieve Cannabis Corp.	838,088	$8,238,405
CXII	Churchill Capital Corp XII	762,000	$8,115,300
WAT	Waters Corp	20,721	$7,771,203
VGNT	Versigent PLC	178,997	$7,519,663
GHXI	Gores Holdings XI, Inc.	725,000	$7,358,752
KRAQ	KRAKacquisition Corp	699,996	$6,999,960
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		650,514	$49,172,353
—		698,572	$45,365,266
—		1,003,539	$42,198,815
NET	Cloudflare, Inc.	119,286	$24,613,473
ALF	Centurion Acquisition Corp.	1,875,000	$20,175,000
—		1,330,842	$19,243,975
ARES	Ares Management Corp	173,255	$18,902,120
NFLX	Netflix Inc	184,915	$17,779,577
SIMA	SIM Acquisition Corp. I	1,300,000	$13,936,000
—		120,000	$13,778,400
FAC	Factorial Energy Inc.	1,300,000	$13,331,500
EXE	EXPAND ENERGY Corp	112,742	$12,376,816
REGN	Regeneron Pharmaceuticals, Inc.	15,408	$11,904,837
—		65,000	$11,561,550
—		321,002	$11,280,010
TONT	Graf Global Corp.	1,004,280	$10,755,838
SF	Stifel Financial Corp	140,442	$10,381,472
—		423,900	$10,025,235
PEP	Pepsico Inc	59,316	$9,211,181
VSAT	Viasat Inc	172,089	$7,881,676
KVYO	Klaviyo, Inc.	401,068	$7,804,783
BJ	BJ's Wholesale Club Holdings, Inc.	78,769	$7,752,444
CME	Cme Group Inc.	25,899	$7,649,269
PUK	Prudential PLC	265,788	$7,556,352
UGI	Ugi Corp	195,563	$7,122,404
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,306 tracked positions · $13,347,396,799 total · filing declares 1,378 positions · $13,521,210,171 · 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 1,306 positions by value · page 1 of 27

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HYG	iShares iBoxx $ High Yield Corporate Bond ETF PUT CALL + SHARES	Reduced	10,001,590	-12,805,000	$799,827,152	−55.9%	4	unpriced	5.99%
RY	Royal Bank Of Canada Financial Services	Added	3,315,100	+660,667	$686,126,247	+59.8%	5	$135.94	5.14%
TD	Toronto Dominion Bank Financial Services	Added	4,578,596	+831,878	$555,978,912	+59.0%	5	$76.17	4.17%
MTUM	iShares MSCI USA Momentum Factor ETF PUT	Added	1,000,000	+480,000	$342,830,000	+174.7%	—	—	2.57%
SHOP	Shopify Inc. CALL + SHARES Technology	Added	2,413,787	+68,170	$275,606,199	−0.9%	6	$108.79	2.06%
CP	Canadian Pacific Kansas City Ltd Industrials	Added	2,829,879	+350,443	$245,209,015	+25.7%	5	$78.05	1.84%
QQQ	Invesco Qqq Trust, Series 1 CALL	NEW	300,000	NEW	$220,920,000	NEW	—	—	1.66%
BN	BROOKFIELD Corp Financial Services	Added	4,751,905	+1,096,706	$202,383,633	+36.8%	5	$39.62	1.52%
SMH	VanEck Semiconductor ETF PUT	NEW	300,000	NEW	$196,767,000	NEW	—	—	1.47%
ENB	Enbridge Inc Energy	Added	3,371,682	+591,169	$182,778,881	+21.4%	5	$47.20	1.37%
CVE	Cenovus Energy Inc. CALL + SHARES Energy	Added	7,187,906	+2,320,504	$178,331,947	+38.1%	5	$16.22	1.34%
MU	Micron Technology Inc PUT + SHARES Technology	Reduced	147,110	-43,295	$169,807,601	+164.0%	3	$326.53	1.27%
NVDA	Nvidia Corp Technology	Reduced	848,217	-41,573	$169,719,739	+9.4%	26+	before history	1.27%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	4,270,778	-1,110,625	$168,695,731	−35.7%	5	$31.74	1.26%
BMO	Bank Of Montreal Financial Services	Added	945,606	+707,670	$167,088,580	+418.9%	5	unpriced	1.25%
CLS	Celestica Inc CALL + SHARES Technology	Added	457,938	+127,239	$167,055,782	+79.3%	5	$131.31	1.25%
FNV	FRANCO NEVADA Corp Basic Materials	Added	796,135	+36,846	$165,946,379	−11.5%	5	$185.54	1.24%
SU	Suncor Energy Inc Energy	Added	3,049,813	+175,115	$163,713,961	−13.9%	5	$51.02	1.23%
SLF	Sun Life Financial Inc Financial Services	Added	2,061,273	+686,356	$161,645,028	+87.9%	2	$66.60	1.21%
GOOGL	Alphabet Inc. CALL + SHARES Communication Services	Added	440,882	+27,054	$157,558,000	+32.4%	26+	before history	1.18%
SNOW	Snowflake Inc. CALL + SHARES Technology	Added	607,756	+500,336	$154,673,902	+854.7%	6	$180.48	1.16%
CRWD	CrowdStrike Holdings, Inc. CALL + SHARES Technology	Added	199,227	+150,019	$152,038,092	+691.4%	3	$468.65	1.14%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	975,936	-172,980	$151,396,951	−35.1%	5	$135.60	1.13%
MDB	MongoDB, Inc. CALL + SHARES Technology	Added	442,570	+222,898	$148,659,263	+176.5%	5	$263.20	1.11%
TRP	Tc Energy Corp Energy	Added	2,150,666	+86,298	$142,567,649	+10.3%	5	$49.84	1.07%
HBM	Hudbay Minerals Inc. CALL + SHARES Basic Materials	Added	5,654,931	+896,101	$133,512,920	+34.2%	5	$10.19	1.00%
TECK	Teck Resources Ltd CALL + SHARES Basic Materials	Reduced	2,123,240	-1,126,743	$126,247,850	−24.9%	5	$45.17	0.95%
GIL	Gildan Activewear Inc. CALL + SHARES Consumer Cyclical	Added	2,200,891	+1,209,327	$113,565,975	+105.8%	5	$48.75	0.85%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	971,176	+165,553	$109,082,488	+3.4%	5	$100.19	0.82%
AAPL	Apple Inc. Technology	Reduced	358,892	-46,468	$103,848,989	+0.9%	26+	before history	0.78%
RSP	Victory Portfolios II	Added	486,850	+105,246	$103,587,074	+41.4%	16	$198.85	0.78%
OR	OR Royalties Inc. Basic Materials	Reduced	3,091,096	-749,098	$97,771,366	−33.0%	5	$25.17	0.73%
B	Barrick Mining Corp Basic Materials	Reduced	2,644,794	-145,568	$97,143,283	−14.7%	5	$31.76	0.73%
WCN	Waste Connections, Inc. Industrials	Added	569,050	+129,936	$94,854,944	+33.0%	5	$182.38	0.71%
SPLV	Invesco S&P 500 Low Volatility ETF	Added	1,254,188	+302,576	$93,938,681	+35.0%	12	unpriced	0.70%
RCI	Rogers Communications Inc Communication Services	Reduced	2,814,609	-177,554	$91,474,792	−20.5%	5	$27.47	0.69%
AMZN	Amazon Com Inc Consumer Cyclical	Added	362,728	+655	$86,452,591	+14.6%	26+	before history	0.65%
AVGO	Broadcom Inc. CALL + SHARES Technology	Added	227,742	+35,590	$86,029,540	+44.7%	18	$117.31	0.64%
IAG	Iamgold Corp Basic Materials	Added	5,016,085	+257,331	$79,454,786	−11.3%	5	$9.76	0.60%
BEP	Brookfield Renewable Partners L.P. Utilities	Added	2,219,312	+340,988	$77,076,705	+25.7%	5	$27.71	0.58%
MRVL	Marvell Technology, Inc. CALL + SHARES Technology	Reduced	251,195	-34,758	$74,828,478	+164.2%	2	$83.99	0.56%
MSFT	Microsoft Corp Technology	Reduced	195,877	-3,483	$73,066,038	−1.0%	26+	before history	0.55%
TWLO	Twilio Inc CALL + SHARES Technology	Added	342,625	+254,735	$70,693,816	+539.3%	8	unpriced	0.53%
TEVA	Teva Pharmaceutical Industries Ltd CALL + SHARES Healthcare	Added	1,925,408	+115,190	$65,232,823	+19.6%	9	$22.74	0.49%
CCJ	Cameco Corp Energy	Added	629,127	+31,753	$64,082,876	−1.2%	5	$68.98	0.48%
BNS	Bank Of Nova Scotia Financial Services	Added	735,921	+696,888	$63,907,379	+2262.2%	4	$77.69	0.48%
RKT	Rocket Companies, Inc. CALL + SHARES Financial Services	Added	4,038,584	+2,459,814	$63,607,698	+182.7%	6	$14.39	0.48%
AMD	Advanced Micro Devices Inc Technology	Added	108,198	+2,768	$62,853,300	+193.1%	5	$199.43	0.47%
JPM	Jpmorgan Chase & Co Financial Services	Added	185,755	+58,380	$60,803,184	+62.3%	15	$267.69	0.46%
DSGX	Descartes Systems Group Inc Technology	Added	822,771	+269,193	$56,968,664	+43.8%	5	$91.12	0.43%

Showing the top 50 of 1,306 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.