Addenda Capital Inc.

CIK

1569411

Location

MONTREAL, A8

Portfolio Value

Mid $2,827,715,244

Diversification

Diversified

Filing Date

Global Rank

#163 / 2,968 ▲ 822

Top Industry

Banks - Diversified 20.5%

3Y Alpha vs SPY

-4.4%

Period ended 29 days ago

Filed Jul 14, 2026 · 15d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 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

+58.3%

SPY

+67.9%

Annualised alpha

-2.3%

Max drawdown

−14.9%

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 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

125 positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.6%

+1.0 pts

Top 5

21.6%

+1.8 pts

Top 10

35.5%

+0.7 pts

HHI

206

Diversified+10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	29.8%	$843,164,726	17
Technology	17.2%	$485,619,731	16
Energy	12.9%	$363,815,281	8
Industrials	12.0%	$340,124,179	18
Basic Materials	11.6%	$326,734,548	20
Consumer Cyclical	6.7%	$189,865,614	15
Healthcare	3.5%	$99,640,769	9
Consumer Defensive	2.5%	$71,441,072	10
Communication Services	1.7%	$46,801,696	7
Utilities	1.6%	$44,827,066	4
Real Estate	0.6%	$15,680,562	1

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
HBM	Hudbay Minerals Inc.	+1,255,330	1,872,488	$44,209,441
KGC	Kinross Gold Corp	+287,490	1,654,910	$39,088,974
MFC	Manulife Financial Corp	+188,964	953,431	$38,623,489
CCJ	Cameco Corp	+170,986	721,749	$73,517,353
ENB	Enbridge Inc	+152,530	1,559,468	$84,538,760
CP	Canadian Pacific Kansas City Ltd/Cn	+133,245	832,895	$72,170,351
BKNG	Booking Holdings Inc.	+118,896	123,540	$22,019,769
CNI	Canadian National Railway Co	+88,869	548,874	$65,447,735
SHOP	Shopify Inc.	+81,528	798,719	$91,197,735
SU	Suncor Energy Inc	+37,352	784,418	$42,107,558
STE	STERIS plc	+30,090	78,093	$16,444,043
CLS	Celestica Inc	+28,432	68,522	$24,996,825
PANW	Palo Alto Networks Inc	+26,106	53,708	$18,315,502
AMZN	Amazon Com Inc	+15,326	179,982	$42,896,909
EQX	Equinox Gold Corp.	+13,180	45,540	$442,648
CAE	Cae Inc	+12,402	379,218	$9,503,203
CNQ	CANADIAN NATURAL RESOURCES Ltd	+11,546	1,823,954	$72,046,183
BN	BROOKFIELD Corp /ON/	+10,911	2,179,602	$92,829,249
BRK-B	Berkshire Hathaway Inc	+9,365	25,629	$12,824,495
BAM	Brookfield Asset Management Ltd.	+8,820	259,947	$11,658,622
BNS	Bank Of Nova Scotia	+7,674	1,081,272	$93,897,660
NTR	Nutrien Ltd.	+6,560	112,460	$7,079,357
BIPH	Brookfield Infrastructure Partners L.P.	+5,534	777,392	$11,987,384
OR	OR Royalties Inc.	+5,505	43,509	$1,376,189
RY	Royal Bank Of Canada	+5,080	750,840	$155,401,354
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AGI	Alamos Gold Inc	−1,221,088	765,971	$23,239,560
CVE	Cenovus Energy Inc.	−362,610	279,994	$6,946,651
WPM	Wheaton Precious Metals Corp.	−240,350	376,957	$42,339,810
AEM	Agnico Eagle Mines Ltd	−236,500	392,344	$60,864,324
NKE	NIKE, Inc.	−160,955	84,300	$3,460,515
FNV	FRANCO NEVADA Corp	−77,873	143,948	$30,004,521
TRP	Tc Energy Corp	−60,076	848,757	$56,264,101
BMO	Bank Of Montreal /Can/	−49,004	625,064	$110,448,808
WCN	Waste Connections, Inc.	−30,540	188,040	$31,344,387
BR	Broadridge Financial Solutions, Inc.	−24,272	43,646	$5,977,319
GGG	Graco Inc	−22,133	35,500	$2,684,155
CM	Canadian Imperial Bank Of Commerce /Can/	−19,197	295,989	$34,038,735
B	Barrick Mining Corp	−18,470	5,120	$188,057
SUNB	Sunbelt Rentals Holdings, Inc.	−17,104	178,754	$13,372,586
TFII	TFI International Inc.	−16,806	118,534	$17,017,926
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−16,105	22,125	$10,566,236
AAPL	Apple Inc.	−7,314	220,303	$63,746,876
TD	Toronto Dominion Bank	−6,219	1,294,228	$157,158,106
BCE	Bce Inc	−5,934	465,393	$10,010,603
GIB	Cgi Inc	−5,908	95,051	$6,137,443
RCI	Rogers Communications Inc	−3,138	169,900	$5,521,750
SCHW	Schwab Charles Corp	−2,036	202,662	$18,699,622
NVDA	Nvidia Corp	−1,986	263,605	$52,744,724
APH	Amphenol Corp /De/	−1,911	191,875	$33,831,400
WAB	Westinghouse Air Brake Technologies Corp	−1,837	97,698	$26,339,380
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
AYA	Aya Gold & Silver Inc.	40,839	$773,490
IAG	Iamgold Corp	27,860	$441,302
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
ADBE	Adobe Inc.	24,122	$5,863,575
DD	DuPont de Nemours, Inc.	81,200	$3,718,959
ZTS	Zoetis Inc.	29,737	$3,515,210
ORLA	Orla Mining Ltd.	28,440	$458,737
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

125 positions · $2,827,715,244 total · 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 125 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TD	Toronto Dominion Bank Financial Services	Reduced	1,294,228	-6,219	$157,158,106	+29.5%	5.56%
RY	Royal Bank Of Canada Financial Services	Added	750,840	+5,080	$155,401,354	+28.8%	5.50%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	625,064	-49,004	$110,448,808	+21.1%	3.91%
BNS	Bank Of Nova Scotia Financial Services	Added	1,081,272	+7,674	$93,897,660	+26.2%	3.32%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	2,179,602	+10,911	$92,829,249	+5.8%	3.28%
SHOP	Shopify Inc. Technology	Added	798,719	+81,528	$91,197,735	+7.2%	3.23%
ENB	Enbridge Inc Energy	Added	1,559,468	+152,530	$84,538,760	+11.0%	2.99%
CCJ	Cameco Corp Energy	Added	721,749	+170,986	$73,517,353	+22.9%	2.60%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	832,895	+133,245	$72,170,351	+31.1%	2.55%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	1,823,954	+11,546	$72,046,183	−18.4%	2.55%
CNI	Canadian National Railway Co Industrials	Added	548,874	+88,869	$65,447,735	+38.4%	2.31%
AAPL	Apple Inc. Technology	Reduced	220,303	-7,314	$63,746,876	+10.4%	2.25%
AVGO	Broadcom Inc. Technology	Reduced	166,431	-783	$62,869,310	+21.5%	2.22%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	392,344	-236,500	$60,864,324	−52.3%	2.15%
TRP	Tc Energy Corp Energy	Reduced	848,757	-60,076	$56,264,101	−1.1%	1.99%
NVDA	Nvidia Corp Technology	Reduced	263,605	-1,986	$52,744,724	+13.9%	1.87%
MSFT	Microsoft Corp Technology	Reduced	129,812	-729	$48,422,472	+0.2%	1.71%
HBM	Hudbay Minerals Inc. Basic Materials	Added	1,872,488	+1,255,330	$44,209,441	+242.7%	1.56%
AMZN	Amazon Com Inc Consumer Cyclical	Added	179,982	+15,326	$42,896,909	+25.1%	1.52%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	376,957	-240,350	$42,339,810	−47.6%	1.50%
SU	Suncor Energy Inc Energy	Added	784,418	+37,352	$42,107,558	−14.7%	1.49%
KGC	Kinross Gold Corp Basic Materials	Added	1,654,910	+287,490	$39,088,974	−6.3%	1.38%
MFC	Manulife Financial Corp Financial Services	Added	953,431	+188,964	$38,623,489	+46.7%	1.37%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	295,989	-19,197	$34,038,735	+14.0%	1.20%
APH	Amphenol Corp /De/ Technology	Reduced	191,875	-1,911	$33,831,400	+38.2%	1.20%
V	Visa Inc. Financial Services	Reduced	97,680	-747	$33,513,031	+12.7%	1.19%
WCN	Waste Connections, Inc. Industrials	Reduced	188,040	-30,540	$31,344,387	−11.7%	1.11%
FFIV	F5, Inc. Technology	Reduced	72,404	-595	$30,117,167	+42.6%	1.07%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	143,948	-77,873	$30,004,521	−45.2%	1.06%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	87,189	-1,321	$28,539,575	+9.6%	1.01%
PBA	Pembina Pipeline Corp Energy	Added	606,697	+1,150	$28,059,736	+3.5%	0.99%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	97,698	-1,837	$26,339,380	+5.9%	0.93%
CLS	Celestica Inc Technology	Added	68,522	+28,432	$24,996,825	+121.4%	0.88%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	160,457	+236	$24,309,235	−5.0%	0.86%
AGI	Alamos Gold Inc Basic Materials	Reduced	765,971	-1,221,088	$23,239,560	−73.7%	0.82%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	312,203	+1,987	$22,637,839	−1.3%	0.80%
EMA	Emera Inc Utilities	Added	421,793	+248	$22,363,464	+2.3%	0.79%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	123,540	+118,896	$22,019,769	+12.6%	0.78%
CAT	Caterpillar Inc Industrials	Held	18,800	0	$20,020,120	+50.3%	0.71%
LIN	Linde PLC Basic Materials	Reduced	37,868	-395	$19,651,219	+3.6%	0.69%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	39,047	-407	$19,576,603	+0.9%	0.69%
URI	United Rentals, Inc. Industrials	Reduced	16,848	-246	$19,086,930	+53.3%	0.67%
SCHW	Schwab Charles Corp Financial Services	Reduced	202,662	-2,036	$18,699,622	−2.8%	0.66%
PANW	Palo Alto Networks Inc Technology	Added	53,708	+26,106	$18,315,502	+313.9%	0.65%
TFII	TFI International Inc. Industrials	Reduced	118,534	-16,806	$17,017,926	+15.8%	0.60%
STE	STERIS plc Healthcare	Added	78,093	+30,090	$16,444,043	+54.9%	0.58%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	17,526	+26	$16,395,047	−6.0%	0.58%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	64,576	+94	$15,899,902	+18.5%	0.56%
CIGI	Colliers International Group Inc. Real Estate	Added	167,188	+900	$15,680,562	−11.8%	0.55%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	70,790	-631	$15,608,487	−7.5%	0.55%