MUFG SECURITIES (CANADA), LTD.

Broker-Dealer

CIK

1656187

Location

NEW YORK, NY

Portfolio Value

Mid $3,481,361,267

Diversification

Diversified

Filing Date

Global Rank

#842 / 8,621 ▲ 1 · as of Mar 2026

Top Industry

Banks - Diversified 27.8%

3Y Alpha vs SPY

+5.5%

Period ended 4 months ago

Filed May 11, 2026 · 3mo

16 quarters · since Dec 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

+107.6%

SPY

+67.9%

Annualised alpha

+8.7%

Max drawdown

−12.2%

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 11 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

9.6%

−0.5 pts

Top 5

33.4%

−4.6 pts

Top 10

53.6%

−3.5 pts

HHI

411

Diversified−46

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	36.2%	$1,260,952,471	9
Energy	24.0%	$836,515,014	8
Basic Materials	15.9%	$553,670,339	7
Technology	8.4%	$292,668,572	4
Industrials	8.0%	$279,788,056	5
Utilities	2.6%	$89,872,728	3
Communication Services	2.4%	$84,465,359	3
Consumer Cyclical	2.2%	$74,948,248	3
Real Estate	0.2%	$8,480,480	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
QSR	Restaurant Brands International Inc.	+14,569	513,703	$37,962,651
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TRP	Tc Energy Corp	−2,180,914	3,243,522	$203,044,477
TU	Telus Corp	−149,892	2,145,630	$27,528,432
TD	Toronto Dominion Bank	−93,544	2,489,513	$232,296,458
CVE	Cenovus Energy Inc.	−86,228	2,007,874	$53,268,897
ENB	Enbridge Inc	−84,640	3,236,273	$175,211,820
B	Barrick Mining Corp	−84,257	2,485,070	$101,366,005
CNQ	CANADIAN NATURAL RESOURCES Ltd	−84,191	3,087,764	$150,466,739
MFC	Manulife Financial Corp	−78,480	2,487,122	$85,656,481
SU	Suncor Energy Inc	−64,031	1,765,047	$116,687,257
RY	Royal Bank Of Canada	−64,000	2,073,220	$335,405,531
KGC	Kinross Gold Corp	−58,394	1,779,734	$54,317,481
BNS	Bank Of Nova Scotia	−53,822	1,828,607	$126,740,751
SHOP	Shopify Inc.	−43,412	1,818,588	$215,720,908
CP	Canadian Pacific Kansas City Ltd/Cn	−39,984	1,331,643	$104,747,038
BCE	Bce Inc	−36,665	1,383,221	$34,912,498
CM	Canadian Imperial Bank Of Commerce /Can/	−36,517	1,377,647	$130,532,053
BMO	Bank Of Montreal /Can/	−35,976	1,047,567	$141,777,717
SLF	Sun Life Financial Inc	−27,178	821,562	$51,396,918
CNI	Canadian National Railway Co	−24,684	809,402	$83,182,243
PBA	Pembina Pipeline Corp	−22,776	861,940	$38,580,434
NTR	Nutrien Ltd.	−22,021	714,117	$53,887,268
AEM	Agnico Eagle Mines Ltd	−22,005	743,181	$150,850,879
BIPH	Brookfield Infrastructure Partners L.P.	−19,241	683,053	$24,671,874
BN	BROOKFIELD Corp /ON/	−18,936	3,269,278	$132,307,680
WPM	Wheaton Precious Metals Corp.	−17,825	673,474	$88,231,828
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

43 positions · $3,481,361,267 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Reduced	2,073,220	-64,000	$335,405,531	−8.0%	9.63%
TD	Toronto Dominion Bank Financial Services	Reduced	2,489,513	-93,544	$232,296,458	−4.5%	6.67%
SHOP	Shopify Inc. Technology	Reduced	1,818,588	-43,412	$215,720,908	−28.0%	6.20%
TRP	Tc Energy Corp Energy	Reduced	3,243,522	-2,180,914	$203,044,477	−32.0%	5.83%
ENB	Enbridge Inc Energy	Reduced	3,236,273	-84,640	$175,211,820	+10.3%	5.03%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	743,181	-22,005	$150,850,879	+16.3%	4.33%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	3,087,764	-84,191	$150,466,739	+40.1%	4.32%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	1,047,567	-35,976	$141,777,717	+0.8%	4.07%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	3,269,278	-18,936	$132,307,680	−12.3%	3.80%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	1,377,647	-36,517	$130,532,053	+1.9%	3.75%
BNS	Bank Of Nova Scotia Financial Services	Reduced	1,828,607	-53,822	$126,740,751	−8.6%	3.64%
SU	Suncor Energy Inc Energy	Reduced	1,765,047	-64,031	$116,687,257	+43.8%	3.35%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	1,331,643	-39,984	$104,747,038	+3.7%	3.01%
B	Barrick Mining Corp Basic Materials	Reduced	2,485,070	-84,257	$101,366,005	−9.4%	2.91%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	673,474	-17,825	$88,231,828	+8.6%	2.53%
MFC	Manulife Financial Corp Financial Services	Reduced	2,487,122	-78,480	$85,656,481	−8.0%	2.46%
CNI	Canadian National Railway Co Industrials	Reduced	809,402	-24,684	$83,182,243	+0.9%	2.39%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	285,980	-7,547	$70,651,359	+16.1%	2.03%
CCJ	Cameco Corp Energy	Reduced	646,029	-16,932	$70,165,209	+15.7%	2.02%
WCN	Waste Connections, Inc. Industrials	Reduced	379,250	-10,303	$61,605,370	−9.8%	1.77%
KGC	Kinross Gold Corp Basic Materials	Reduced	1,779,734	-58,394	$54,317,481	+4.9%	1.56%
NTR	Nutrien Ltd. Basic Materials	Reduced	714,117	-22,021	$53,887,268	+18.6%	1.55%
CVE	Cenovus Energy Inc. Energy	Reduced	2,007,874	-86,228	$53,268,897	+50.3%	1.53%
SLF	Sun Life Financial Inc Financial Services	Reduced	821,562	-27,178	$51,396,918	−3.0%	1.48%
CLS	Celestica Inc Technology	Reduced	170,442	-4,716	$48,010,102	−7.3%	1.38%
FTS	Fortis Inc. Utilities	Reduced	752,540	-17,092	$41,984,206	+5.0%	1.21%
PBA	Pembina Pipeline Corp Energy	Reduced	861,940	-22,776	$38,580,434	+14.6%	1.11%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	513,703	+14,569	$37,962,651	+11.5%	1.09%
BCE	Bce Inc Communication Services	Reduced	1,383,221	-36,665	$34,912,498	+3.2%	1.00%
TECK	Teck Resources Ltd Basic Materials	Reduced	664,068	-16,515	$34,365,519	+5.4%	0.99%
IMO	Imperial Oil Ltd Energy	Reduced	222,368	-12,157	$29,090,181	+43.7%	0.84%
TU	Telus Corp Communication Services	Reduced	2,145,630	-149,892	$27,528,432	−8.9%	0.79%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	558,805	-14,748	$24,838,882	−17.3%	0.71%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Reduced	683,053	-19,241	$24,671,874	+1.1%	0.71%
EMA	Emera Inc Utilities	Reduced	447,593	-10,099	$23,216,648	+3.0%	0.67%
RCI	Rogers Communications Inc Communication Services	Reduced	572,807	-15,178	$22,024,429	−0.7%	0.63%
MGA	Magna International Inc Consumer Cyclical	Reduced	388,829	-14,522	$21,700,546	+0.9%	0.62%
GIB	Cgi Inc Technology	Reduced	282,770	-14,186	$20,670,487	−24.6%	0.59%
TRI	Thomson Reuters Corp /Can/ Industrials	Reduced	198,031	-5,997	$17,818,829	−33.8%	0.51%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	274,664	-7,264	$15,285,051	−13.2%	0.44%
CAE	Cae Inc Industrials	Reduced	477,335	-12,262	$12,434,576	−16.5%	0.36%
FSV	FirstService Corp Real Estate	Reduced	61,037	-1,605	$8,480,480	−13.0%	0.24%
OTEX	Open Text Corp Technology	Reduced	371,721	-11,997	$8,267,075	−33.9%	0.24%