Addenda Capital Inc.

Registered adviser

CIK

1569411

Location

MONTREAL, A8

Portfolio Value

Mid $3,004,778,428

Diversification

Diversified

Filing Date

Global Rank

#1,272 / 8,827 ▼ 86 · as of Jun 2026

Top Industry

Banks - Diversified 17.6%

Period ended 37 days ago

Filed Oct 13, 2026 · 24d

27 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

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 137034

Roster of Nov 1, 2026

Regulatory AUM

$29,022,731,837

Main clients

Diversified

LEI

549300N6QFVQP22F8336

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$29,022,731,837	Diversified
Apr 2025 to Mar 2026	$26,172,191,035	Diversified
Apr 2024 to Mar 2025	$25,243,269,090	Diversified
May 2023 to Mar 2024	$24,221,422,601	Diversified
Apr 2023	$24,221,422,601	Diversified
Apr 2022 to Mar 2023	$29,066,849,567	Diversified

3 earlier changes not shown.

Stated strategy

Fundamental active, Value, Growth, Activist Form ADV Part 2A, Mar 30, 2026 · original

In the firm's words

Fundamental active: The Canadian Equity Team undertakes rigorous, detailed fundamental analysis to calculate the intrinsic value of each company in its investible universe and as a result stock selection is expected to contribute up to 80% of overall performance.
Value: Stocks are purchased when the Canadian Equity Team believes they have an attractive price/intrinsic value relationship, supporting industry analysis and a strong investment opinion.
Growth: Selected securities are the ones showing the most predictable and sustainable growth characteristics with the highest visibility and/or lowest operational risk profiles.
Activist: Our engagement focuses on companies that are not showing sufficient progress.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 34.5%, 49.7 effective positions, active share 75.4% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

15.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.1 quarters (12+), a floor since 64.5% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 75.4%; sector active share 38.1% 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

131 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

4.9%

−0.5 pts

Top 5

20.2%

−0.7 pts

Top 10

34.2%

−0.3 pts

HHI

202

Diversified+1

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	26.2%	$786,886,901	17
Technology	19.4%	$582,010,703	17
Energy	13.6%	$409,526,183	8
Basic Materials	11.0%	$331,933,966	22
Industrials	11.0%	$329,824,683	17
Consumer Cyclical	6.1%	$182,140,948	15
Healthcare	4.2%	$126,442,128	11
Communication Services	3.8%	$114,160,521	8
Consumer Defensive	2.4%	$73,605,109	9
Utilities	1.6%	$46,880,594	4
Real Estate	0.5%	$14,858,128	1
Unclassified	0.2%	$6,508,564	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SU	Suncor Energy Inc	+776,840	1,561,258	$105,962,580
APH	Amphenol Corp	+218,136	410,011	$34,563,927
WPM	Wheaton Precious Metals Corp.	+102,731	479,688	$64,143,879
BCE	Bce Inc	+99,727	565,120	$11,494,540
CAE	Cae Inc	+96,337	475,555	$11,418,075
AEM	Agnico Eagle Mines Ltd	+69,930	462,274	$84,720,955
NVDA	Nvidia Corp	+69,424	333,029	$76,057,163
ENB	Enbridge Inc	+68,308	1,627,776	$75,675,306
GIL	Gildan Activewear Inc.	+61,420	260,095	$11,087,849
OR	OR Royalties Inc.	+50,501	94,010	$3,228,303
GIB	Cgi Inc	+49,988	145,039	$9,867,003
CP	Canadian Pacific Kansas City Ltd	+36,316	869,211	$73,969,856
FNV	FRANCO NEVADA Corp	+31,972	175,920	$41,888,311
AYA	Aya Gold & Silver Inc.	+31,937	72,776	$1,957,674
CNQ	CANADIAN NATURAL RESOURCES Ltd	+27,900	1,851,854	$87,166,767
CLS	Celestica Inc	+25,580	94,102	$34,011,285
TFII	TFI International Inc.	+24,897	143,431	$17,191,639
MSFT	Microsoft Corp	+23,565	153,377	$78,667,063
MFC	Manulife Financial Corp	+20,680	974,111	$41,487,387
SYK	Stryker Corp	+20,431	52,052	$14,334,600
SUNB	Sunbelt Rentals Holdings, Inc.	+17,968	196,722	$14,402,017
STE	STERIS plc	+16,276	94,369	$19,818,433
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	+15,089	17,491	$1,779,009
CNI	Canadian National Railway Co	+14,961	563,835	$67,039,981
B	Barrick Mining Corp	+14,810	19,930	$810,553
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KGC	Kinross Gold Corp	−1,280,949	373,961	$9,004,980
HBM	Hudbay Minerals Inc.	−880,840	991,648	$26,457,168
AGI	Alamos Gold Inc	−502,970	263,001	$8,518,602
CVE	Cenovus Energy Inc.	−242,457	37,537	$1,166,649
EMA	Emera Inc	−215,634	206,159	$9,860,584
BMO	Bank Of Montreal	−90,211	534,853	$89,454,164
RY	Royal Bank Of Canada	−51,850	698,990	$137,414,444
CM	Canadian Imperial Bank Of Commerce	−47,690	248,299	$27,357,583
WCN	Waste Connections, Inc.	−36,050	151,990	$23,395,820
TD	Toronto Dominion Bank	−35,852	1,258,376	$147,896,931
RMD	Resmed Inc	−35,103	42,604	$9,419,744
EQX	Equinox Gold Corp.	−28,540	17,000	$188,870
AVGO	Broadcom Inc.	−19,433	146,998	$51,624,227
INTU	Intuit Inc.	−19,310	14,729	$4,060,932
LOW	Lowes Companies Inc	−16,204	54,586	$10,059,653
BN	BROOKFIELD Corp	−10,185	2,169,417	$79,096,943
AAPL	Apple Inc.	−7,315	212,988	$70,929,263
FTS	Fortis Inc.	−7,030	162,920	$8,605,434
PNC	Pnc Financial Services Group, Inc.	−5,743	58,833	$13,076,222
NTR	Nutrien Ltd.	−5,520	106,940	$7,512,535
BNS	Bank Of Nova Scotia	−5,174	1,076,098	$97,752,742
JPM	Jpmorgan Chase & Co	−2,826	84,363	$27,909,811
SHOP	Shopify Inc.	−2,790	795,929	$118,036,270
TRP	Tc Energy Corp	−2,710	846,047	$48,884,595
QSR	Restaurant Brands International Inc.	−2,090	310,113	$22,042,832
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
IDXX	Idexx Laboratories Inc	22,431	$11,713,243
EFG	iShares MSCI EAFE Growth ETF	8,143	$975,775
BHC	Bausch Health Companies Inc.	131,582	$767,123
LSPD	Lightspeed Commerce Inc.	52,570	$513,608
OGC	OceanaGold Corp	7,420	$204,272
NMG	Nouveau Monde Graphite Inc.	70,978	$85,173
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
GGG	Graco Inc	35,500	$2,684,155
TAP	Molson Coors Beverage Co	17,016	$662,943
SKE	Skeena Resources Ltd	10,590	$282,329
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

131 tracked positions · $3,004,778,428 total · filing declares 131 positions · $3,778,464,088 · as of Sep 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 131 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	1,258,376	-35,852	$147,896,931	−5.9%	4.92%
RY	Royal Bank Of Canada Financial Services	Reduced	698,990	-51,850	$137,414,444	−11.6%	4.57%
SHOP	Shopify Inc. Technology	Reduced	795,929	-2,790	$118,036,270	+29.4%	3.93%
SU	Suncor Energy Inc Energy	Added	1,561,258	+776,840	$105,962,580	+151.6%	3.53%
BNS	Bank Of Nova Scotia Financial Services	Reduced	1,076,098	-5,174	$97,752,742	+4.1%	3.25%
BMO	Bank Of Montreal Financial Services	Reduced	534,853	-90,211	$89,454,164	−19.0%	2.98%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	1,851,854	+27,900	$87,166,767	+21.0%	2.90%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	462,274	+69,930	$84,720,955	+39.2%	2.82%
BN	BROOKFIELD Corp Financial Services	Reduced	2,169,417	-10,185	$79,096,943	−14.8%	2.63%
MSFT	Microsoft Corp Technology	Added	153,377	+23,565	$78,667,063	+62.5%	2.62%
NVDA	Nvidia Corp Technology	Added	333,029	+69,424	$76,057,163	+44.2%	2.53%
ENB	Enbridge Inc Energy	Added	1,627,776	+68,308	$75,675,306	−10.5%	2.52%
CP	Canadian Pacific Kansas City Ltd Industrials	Added	869,211	+36,316	$73,969,856	+2.5%	2.46%
AAPL	Apple Inc. Technology	Reduced	212,988	-7,315	$70,929,263	+11.3%	2.36%
CNI	Canadian National Railway Co Industrials	Added	563,835	+14,961	$67,039,981	+2.4%	2.23%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	479,688	+102,731	$64,143,879	+51.5%	2.13%
GOOG	Alphabet Inc. Communication Services	Added	185,508	+11,717	$63,209,995	+2.9%	2.10%
CCJ	Cameco Corp Energy	Reduced	721,562	-187	$62,537,778	−14.9%	2.08%
AVGO	Broadcom Inc. Technology	Reduced	146,998	-19,433	$51,624,227	−17.9%	1.72%
TRP	Tc Energy Corp Energy	Reduced	846,047	-2,710	$48,884,595	−13.1%	1.63%
AMZN	Amazon Com Inc Consumer Cyclical	Added	189,574	+9,592	$47,232,362	+10.1%	1.57%
FNV	FRANCO NEVADA Corp Basic Materials	Added	175,920	+31,972	$41,888,311	+39.6%	1.39%
MFC	Manulife Financial Corp Financial Services	Added	974,111	+20,680	$41,487,387	+7.4%	1.38%
V	Visa Inc. Financial Services	Added	101,936	+4,256	$36,628,662	+9.3%	1.22%
APH	Amphenol Corp Technology	Added	410,011	+218,136	$34,563,927	+2.2%	1.15%
FFIV	F5, Inc. Technology	Added	76,551	+4,147	$34,078,974	+13.2%	1.13%
CLS	Celestica Inc Technology	Added	94,102	+25,580	$34,011,285	+36.1%	1.13%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Added	98,682	+984	$28,339,496	+7.6%	0.94%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	84,363	-2,826	$27,909,811	−2.2%	0.93%
BIP	Brookfield Infrastructure Partners L.P. Utilities	Added	779,772	+2,380	$27,720,894	−2.3%	0.92%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	40,977	+1,930	$27,661,523	+41.3%	0.92%
CM	Canadian Imperial Bank Of Commerce Financial Services	Reduced	248,299	-47,690	$27,357,583	−19.6%	0.91%
PBA	Pembina Pipeline Corp Energy	Added	608,147	+1,450	$27,111,193	−3.4%	0.90%
PANW	Palo Alto Networks Inc Technology	Added	68,047	+14,339	$27,035,753	+47.6%	0.90%
HBM	Hudbay Minerals Inc. Basic Materials	Reduced	991,648	-880,840	$26,457,168	−40.2%	0.88%
WCN	Waste Connections, Inc. Industrials	Reduced	151,990	-36,050	$23,395,820	−25.4%	0.78%
TJX	Tjx Companies Inc Consumer Cyclical	Added	171,311	+10,854	$22,666,158	−6.8%	0.75%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	310,113	-2,090	$22,042,832	−2.6%	0.73%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	132,624	+9,084	$21,605,775	−1.9%	0.72%
SCHW	Schwab Charles Corp Financial Services	Added	213,798	+11,136	$20,896,616	+11.7%	0.70%
STE	STERIS plc Healthcare	Added	94,369	+16,276	$19,818,433	+20.5%	0.66%
LIN	Linde PLC Basic Materials	Added	40,077	+2,209	$19,022,548	−3.2%	0.63%
SPGI	S&P Global Inc. Financial Services	Added	45,884	+8,132	$18,099,861	+17.7%	0.60%
URI	United Rentals, Inc. Industrials	Added	17,820	+972	$17,833,899	−6.6%	0.59%
TFII	TFI International Inc. Industrials	Added	143,431	+24,897	$17,191,639	+1.0%	0.57%
COST	Costco Wholesale Corp Consumer Defensive	Added	18,711	+1,185	$17,033,371	+3.9%	0.57%
CAT	Caterpillar Inc Industrials	Held	18,800	0	$15,242,852	−23.9%	0.51%
CIGI	Colliers International Group Inc. Real Estate	Reduced	165,458	-1,730	$14,858,128	−5.2%	0.49%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	Added	196,722	+17,968	$14,402,017	+7.7%	0.48%
SYK	Stryker Corp Healthcare	Added	52,052	+20,431	$14,334,600	+44.0%	0.48%

Showing the top 50 of 131 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.