PICTON MAHONEY ASSET MANAGEMENT

CIK

1539041

Location

Toronto, A6

Portfolio Value

Mid $1,688,330,219

Diversification

Diversified

Filing Date

Global Rank

#420 / 8,586 ▲ 44

Top Industry

Gold 10.2%

3Y Alpha vs SPY

-0.4%

Period ended 3 months ago

Filed May 13, 2026 · 34d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+78.1%

SPY

+78.1%

Annualised alpha

+0.0%

Max drawdown

−20.0%

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

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

Top Position

4.4%

−0.7 pts

Top 5

15.9%

−0.2 pts

Top 10

25.1%

+0.6 pts

HHI

106

Diversified−8

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.6%	$2,406,153,949	244
Technology	17.3%	$1,688,330,219	131
Basic Materials	14.0%	$1,362,442,633	44
Energy	10.9%	$1,060,267,892	43
Industrials	9.7%	$944,719,537	138
Consumer Cyclical	6.9%	$670,533,500	102
Healthcare	6.1%	$591,555,300	92
Communication Services	4.5%	$436,934,252	29
Utilities	2.9%	$281,507,931	32
Consumer Defensive	1.9%	$188,525,906	45
Real Estate	1.1%	$106,510,456	43
Unclassified	0.3%	$28,017,679	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	$19,243,975
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	$71,849,353
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 PLC	+250,000	425,031	$21,833,842
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
BAC	Bank Of America Corp /De/	−731,681	8,458	$412,327
SVAC	Spring Valley Acquisition Corp. III	−700,000	319,677	$3,247,918
BIPH	Brookfield Infrastructure Partners L.P.	−639,158	1,203,560	$43,472,587
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	$1,621,500
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
RDNT	RadNet, Inc.	−208,545	309,120	$17,276,716
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
ACLX	Arcellx, Inc.	195,000	$22,389,900
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
CTRA	Coterra Energy Inc.	321,002	$11,280,010
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
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
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	700,000	$71,092,000
CIGI	Colliers International Group Inc.	375,697	$55,231,215
ZG	Zillow Group, Inc.	780,000	$53,219,400
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
NGD	New Gold Inc. /FI	1,635,694	$14,246,894
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
TGNA	TEGNA INC	450,000	$8,734,500
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
MKTX	Marketaxess Holdings Inc	32,396	$5,871,775
NRG	Nrg Energy, Inc.	36,698	$5,843,789
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

131 positions · $1,688,330,219 total · Technology only · 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 131 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SHOP	Shopify Inc. Technology	Added	2,345,617	+412,685	$278,237,088	−10.6%	16.48%
NVDA	Nvidia Corp Technology	Added	889,790	+87,662	$155,179,376	+3.7%	9.19%
AAPL	Apple Inc. Technology	Reduced	405,360	-7,732	$102,876,314	−8.4%	6.09%
CLS	Celestica Inc Technology	Reduced	330,699	-195,011	$93,151,294	−40.1%	5.52%
MSFT	Microsoft Corp Technology	Reduced	199,360	-27,693	$73,797,091	−32.8%	4.37%
MU	Micron Technology Inc Technology	Added	190,405	+156,681	$64,326,425	+568.3%	3.81%
INTU	Intuit Inc. Technology	Added	148,452	+128,265	$64,187,675	+380.0%	3.80%
AVGO	Broadcom Inc. Technology	Added	192,152	+10,479	$59,472,965	−5.4%	3.52%
MDB	MongoDB, Inc. Technology	Added	219,672	+147,251	$53,769,115	+76.9%	3.18%
CGNX	Cognex Corp Technology	Added	928,655	+779,673	$45,494,808	+748.7%	2.69%
DSGX	Descartes Systems Group Inc Technology	Added	553,578	+57,095	$39,614,041	−9.0%	2.35%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	99,636	+7,002	$33,671,986	+19.6%	1.99%
COHR	Coherent Corp. Technology	NEW	120,294	NEW	$28,655,233	NEW	1.70%
BRZE	Braze, Inc. Technology	Added	1,200,172	+759,762	$28,336,060	+87.6%	1.68%
MRVL	Marvell Technology, Inc. Technology	NEW	285,953	NEW	$28,323,644	NEW	1.68%
CRM	Salesforce, Inc. Technology	Added	150,000	+109,803	$28,000,500	+163.0%	1.66%
ADI	Analog Devices Inc Technology	Added	84,552	+4,143	$26,899,373	+23.4%	1.59%
TER	Teradyne, Inc Technology	Added	89,026	+18,061	$26,392,647	+92.1%	1.56%
SNDK	Sandisk Corp Technology	Reduced	39,496	-2,680	$25,093,388	+150.6%	1.49%
NET	Cloudflare, Inc. Technology	Added	119,286	+24,904	$24,613,473	+32.3%	1.46%
AKAM	Akamai Technologies Inc Technology	Added	207,482	+103,285	$23,829,307	+162.1%	1.41%
TEAM	Atlassian Corp Technology	Added	323,360	+247,011	$22,069,320	+78.3%	1.31%
AMD	Advanced Micro Devices Inc Technology	Added	105,430	+69,307	$21,447,624	+177.2%	1.27%
NOW	ServiceNow, Inc. Technology	NEW	200,000	NEW	$20,910,000	NEW	1.24%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	49,208	+23,390	$19,211,295	+58.7%	1.14%
LRCX	Lam Research Corp Technology	Added	84,101	+4,610	$17,969,019	+32.1%	1.06%
PANW	Palo Alto Networks Inc Technology	Added	103,254	+17,507	$16,553,681	+4.8%	0.98%
SNOW	Snowflake Inc. Technology	Reduced	107,420	-240,080	$16,201,084	−78.7%	0.96%
AAOI	Applied Optoelectronics, Inc. Technology	NEW	180,080	NEW	$15,232,967	NEW	0.90%
LITE	Lumentum Holdings Inc. Technology	Reduced	20,832	-12,184	$14,639,896	+20.3%	0.87%
INTC	Intel Corp Technology	Reduced	325,094	-33,437	$14,346,398	+8.4%	0.85%
GLW	Corning Inc /Ny Technology	Added	97,864	+38,778	$13,306,568	+157.2%	0.79%
ASML	Asml Holding NV Technology	Added	9,433	+2,046	$12,459,389	+57.7%	0.74%
TWLO	Twilio Inc Technology	Added	87,890	+87,871	$11,058,319	+409164.2%	0.65%
STX	Seagate Technology Holdings plc Technology	Added	26,170	+15,680	$10,252,359	+254.9%	0.61%
CWAN	Clearwater Analytics Holdings, Inc. Technology	Added	423,900	+173,900	$10,025,235	+66.3%	0.59%
FROG	JFrog Ltd Technology	Added	198,760	+47,380	$9,327,806	−1.3%	0.55%
LASR	Nlight, Inc. Technology	Added	151,978	+110,908	$8,665,785	+462.5%	0.51%
VSAT	Viasat Inc Technology	Reduced	172,089	-4,745	$7,881,676	+29.3%	0.47%
KVYO	Klaviyo, Inc. Technology	Added	401,068	+368,774	$7,804,783	+644.3%	0.46%
PLTR	Palantir Technologies Inc. Technology	Added	47,493	+7,594	$6,947,276	−2.0%	0.41%
TTAN	ServiceTitan, Inc. Technology	Reduced	108,594	-15,399	$6,891,375	−47.8%	0.41%
HPE	Hewlett Packard Enterprise Co Technology	Added	287,710	+269,940	$6,850,375	+1504.9%	0.41%
OS	OneStream, Inc. Technology	NEW	274,000	NEW	$6,576,000	NEW	0.39%
MKSI	Mks Inc Technology	NEW	25,990	NEW	$5,972,761	NEW	0.35%
SRAD	Sportradar Group AG Technology	Reduced	348,830	-19,456	$5,839,414	−33.3%	0.35%
MCHP	Microchip Technology Inc Technology	Reduced	74,793	-2,825	$4,832,375	−2.3%	0.29%
ONTO	Onto Innovation Inc. Technology	NEW	22,180	NEW	$4,548,452	NEW	0.27%
RNG	RingCentral, Inc. Technology	Added	69,378	+69,338	$2,580,167	+223291.1%	0.15%
FSLY	Fastly, Inc. Technology	NEW	85,325	NEW	$2,479,544	NEW	0.15%