BCV Asset Management Inc.

CIK

2110721

Location

WINNIPEG, A2

Portfolio Value

Mid $2,906,398,721

Diversification

Diversified

Filing Date

Global Rank

#952 / 8,621 ▲ 13 · as of Mar 2026

Top Industry

Banks - Diversified 13.6%

3Y Alpha vs SPY

+1.0%

Period ended 4 months ago

Filed May 8, 2026 · 3mo

2 quarters · since Dec 2025

Clone Performance

Feb 2026–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

+10.3%

SPY

+9.0%

Annualised alpha

+3.3%

Max drawdown

−8.9%

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 2 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

5.2%

−0.7 pts

Top 5

19.7%

−2.3 pts

Top 10

34.0%

−3.0 pts

HHI

237

Diversified−20

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.1%	$701,587,354	18
Industrials	18.3%	$530,934,974	20
Technology	13.5%	$393,235,213	16
Healthcare	13.2%	$382,217,906	15
Energy	10.1%	$294,059,303	12
Consumer Cyclical	8.9%	$259,946,601	10
Communication Services	4.5%	$131,290,401	5
Real Estate	3.1%	$90,911,506	2
Utilities	2.8%	$82,739,070	7
Basic Materials	1.3%	$38,300,204	5
Consumer Defensive	0.0%	$752,354	2
Unclassified	0.0%	$423,835	1

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
MRVL	Marvell Technology, Inc.	+301,749	536,769	$53,166,969
HUM	Humana Inc	+141,614	397,685	$68,954,602
FSV	FirstService Corp	+134,089	504,115	$70,041,738
TRI	Thomson Reuters Corp /Can/	+125,431	427,356	$38,453,492
ENB	Enbridge Inc	+86,887	104,838	$5,675,929
BAC	Bank Of America Corp /De/	+75,879	871,905	$42,505,368
MFC	Manulife Financial Corp	+71,011	100,477	$3,460,427
TRP	Tc Energy Corp	+67,153	84,495	$5,289,387
BCE	Bce Inc	+56,676	133,557	$3,370,978
V	Visa Inc.	+54,038	204,487	$61,804,150
STN	Stantec Inc	+43,660	1,029,411	$88,941,110
WCN	Waste Connections, Inc.	+36,418	450,464	$73,173,372
BN	BROOKFIELD Corp /ON/	+33,104	3,722,896	$150,665,601
BGSI	Boyd Group Services Inc.	+21,382	298,328	$38,144,218
AMZN	Amazon Com Inc	+15,404	87,342	$18,190,718
SLF	Sun Life Financial Inc	+12,214	879,984	$55,051,799
CNI	Canadian National Railway Co	+12,196	306,755	$31,525,211
DHR	Danaher Corp /De/	+6,577	188,852	$35,806,339
TXN	Texas Instruments Inc	+6,095	311,934	$60,558,866
FTS	Fortis Inc.	+5,219	110,064	$6,140,470
PLD	Prologis, Inc.	+4,316	157,889	$20,869,768
ACN	Accenture plc	+4,316	208,310	$41,305,789
CP	Canadian Pacific Kansas City Ltd/Cn	+3,482	1,122,468	$88,293,332
MOH	Molina Healthcare, Inc.	+3,446	36,942	$4,924,368
AVY	Avery Dennison Corp	+3,400	179,155	$30,936,485
No positions match the current search.

Trimmed

Positions the filer reduced

22 positions

Ticker	Company	Δ Shares	Shares	Value
CNQ	CANADIAN NATURAL RESOURCES Ltd	−800,954	1,689,724	$82,340,250
BNS	Bank Of Nova Scotia	−275,246	690,268	$47,842,475
AMAT	Applied Materials Inc /De	−80,503	215,189	$73,549,448
SU	Suncor Energy Inc	−68,181	483,208	$31,944,880
CM	Canadian Imperial Bank Of Commerce /Can/	−33,790	813,623	$77,090,779
CRH	Crh Public Ltd Co	−29,719	173,576	$18,246,309
BAM	Brookfield Asset Management Ltd.	−26,813	27,456	$1,220,419
PBA	Pembina Pipeline Corp	−21,180	1,592,388	$71,275,286
ASML	Asml Holding NV	−15,238	40,278	$53,200,390
NEE	Nextera Energy Inc	−13,290	677,050	$62,884,404
RY	Royal Bank Of Canada	−7,615	794,717	$128,569,316
GIL	Gildan Activewear Inc.	−7,223	1,494,591	$83,173,989
DE	Deere & Co	−6,816	111,501	$62,808,513
MGA	Magna International Inc	−6,249	964,056	$53,803,965
B	Barrick Mining Corp	−5,701	127,921	$5,217,897
AEM	Agnico Eagle Mines Ltd	−4,567	71,288	$14,470,038
BRK-B	Berkshire Hathaway Inc	−2,657	52,078	$24,955,777
UNH	Unitedhealth Group Inc	−2,308	155,355	$42,037,509
CSCO	Cisco Systems, Inc.	−1,799	22,240	$1,725,601
HCA	HCA Healthcare, Inc.	−1,746	122,609	$58,023,483
VOD	Vodafone Group Public Ltd Co	−1,000	146,881	$2,206,152
TJX	Tjx Companies Inc /De/	−82	165,152	$26,374,774
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CEG	Constellation Energy Corp	27,456	$7,667,088
TD	Toronto Dominion Bank	78,917	$7,363,745
AAPL	Apple Inc.	24,504	$6,218,870
SOBO	South Bow Corp	133,672	$4,453,951
ADI	Analog Devices Inc	9,426	$2,998,787
AXP	American Express Co	8,380	$2,534,782
JPM	Jpmorgan Chase & Co	6,982	$2,053,825
BEP	Brookfield Renewable Partners L.P.	60,718	$1,981,835
NVDA	Nvidia Corp	10,955	$1,910,552
DHI	Horton D R Inc /De/	9,525	$1,307,020
PSLV	Sprott Physical Silver Trust	47,750	$1,164,622
RTX	RTX Corp	5,700	$1,099,530
TU	Telus Corp	82,372	$1,056,832
FDX	Fedex Corp	2,660	$947,438
GD	General Dynamics Corp	2,570	$882,075
TFII	TFI International Inc.	7,996	$868,605
COST	Costco Wholesale Corp /New	717	$714,440
AQN	Algonquin Power & Utilities Corp.	100,769	$618,721
PLAB	Photronics Inc	13,400	$541,494
TT	Trane Technologies plc	1,083	$451,329
IMO	Imperial Oil Ltd	3,393	$443,872
GLD	Spdr Gold Trust	985	$423,835
EMA	Emera Inc	7,908	$410,187
JNJ	Johnson & Johnson	1,633	$399,170
SHEL	Shell plc	3,790	$352,470
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
TMUS	T-Mobile US, Inc.	9,000	$1,827,360
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

113 positions · $2,906,398,721 total · 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 113 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BN	BROOKFIELD Corp /ON/ Financial Services	Added	3,722,896	+33,104	$150,665,601	−11.0%	5.18%
RY	Royal Bank Of Canada Financial Services	Reduced	794,717	-7,615	$128,569,316	−6.0%	4.42%
GOOGL	Alphabet Inc. Communication Services	Added	405,898	+992	$116,720,028	−7.9%	4.02%
STN	Stantec Inc Industrials	Added	1,029,411	+43,660	$88,941,110	−4.4%	3.06%
BMO	Bank Of Montreal /Can/ Financial Services	Added	655,741	+1,004	$88,747,986	+4.4%	3.05%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	1,122,468	+3,482	$88,293,332	+7.2%	3.04%
MSFT	Microsoft Corp Technology	Added	224,856	+2,113	$83,234,945	−22.7%	2.86%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	1,494,591	-7,223	$83,173,989	−11.3%	2.86%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	1,689,724	-800,954	$82,340,250	−2.3%	2.83%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	813,623	-33,790	$77,090,779	+0.4%	2.65%
SUNC	SunocoCorp LLC Energy	Added	1,243,518	+3,339	$76,662,884	+25.4%	2.64%
LLY	ELI LILLY & Co Healthcare	Added	82,923	+983	$76,270,087	−13.4%	2.62%
AMAT	Applied Materials Inc /De Technology	Reduced	215,189	-80,503	$73,549,448	−3.2%	2.53%
WCN	Waste Connections, Inc. Industrials	Added	450,464	+36,418	$73,173,372	+0.8%	2.52%
ABBV	AbbVie Inc. Healthcare	Added	335,274	+630	$72,918,742	−4.6%	2.51%
PBA	Pembina Pipeline Corp Energy	Reduced	1,592,388	-21,180	$71,275,286	+16.1%	2.45%
FSV	FirstService Corp Real Estate	Added	504,115	+134,089	$70,041,738	+21.7%	2.41%
HUM	Humana Inc Healthcare	Added	397,685	+141,614	$68,954,602	+5.1%	2.37%
UNP	Union Pacific Corp Industrials	Added	283,070	+2,286	$68,678,443	+5.7%	2.36%
NEE	Nextera Energy Inc Utilities	Reduced	677,050	-13,290	$62,884,404	+13.5%	2.16%
DE	Deere & Co Industrials	Reduced	111,501	-6,816	$62,808,513	+14.0%	2.16%
V	Visa Inc. Financial Services	Added	204,487	+54,038	$61,804,150	+17.1%	2.13%
TXN	Texas Instruments Inc Technology	Added	311,934	+6,095	$60,558,866	+14.1%	2.08%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	122,609	-1,746	$58,023,483	−0.1%	2.00%
SLF	Sun Life Financial Inc Financial Services	Added	879,984	+12,214	$55,051,799	+1.7%	1.89%
MGA	Magna International Inc Consumer Cyclical	Reduced	964,056	-6,249	$53,803,965	+4.0%	1.85%
ASML	Asml Holding NV Technology	Reduced	40,278	-15,238	$53,200,390	−10.4%	1.83%
MRVL	Marvell Technology, Inc. Technology	Added	536,769	+301,749	$53,166,969	+166.2%	1.83%
BNS	Bank Of Nova Scotia Financial Services	Reduced	690,268	-275,246	$47,842,475	−32.8%	1.65%
BAC	Bank Of America Corp /De/ Financial Services	Added	871,905	+75,879	$42,505,368	−2.9%	1.46%
UNH	Unitedhealth Group Inc Healthcare	Reduced	155,355	-2,308	$42,037,509	−19.2%	1.45%
ACN	Accenture plc Technology	Added	208,310	+4,316	$41,305,789	−24.5%	1.42%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	427,356	+125,431	$38,453,492	−3.4%	1.32%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	298,328	+21,382	$38,144,218	−13.5%	1.31%
DHR	Danaher Corp /De/ Healthcare	Added	188,852	+6,577	$35,806,339	−14.2%	1.23%
SU	Suncor Energy Inc Energy	Reduced	483,208	-68,181	$31,944,880	+30.6%	1.10%
CNI	Canadian National Railway Co Industrials	Added	306,755	+12,196	$31,525,211	+8.3%	1.08%
AVY	Avery Dennison Corp Consumer Cyclical	Added	179,155	+3,400	$30,936,485	−3.2%	1.06%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	165,152	-82	$26,374,774	+3.9%	0.91%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	52,078	-2,657	$24,955,777	−9.3%	0.86%
PLD	Prologis, Inc. Real Estate	Added	157,889	+4,316	$20,869,768	+6.5%	0.72%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	37,136	+1,130	$18,253,458	−12.5%	0.63%
CRH	Crh Public Ltd Co Basic Materials	Reduced	173,576	-29,719	$18,246,309	−28.1%	0.63%
AMZN	Amazon Com Inc Consumer Cyclical	Added	87,342	+15,404	$18,190,718	+9.6%	0.63%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Added	77,864	+210	$18,162,556	+5.1%	0.62%
EME	EMCOR Group, Inc. Industrials	Added	21,678	+162	$16,005,084	+21.6%	0.55%
ODFL	Old Dominion Freight Line, Inc. Industrials	Added	75,137	+171	$14,681,769	+24.9%	0.51%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	71,288	-4,567	$14,470,038	+12.5%	0.50%
SNPS	Synopsys Inc Technology	Added	35,500	+335	$14,075,040	−14.8%	0.48%
OC	Owens Corning Industrials	Added	106,485	+436	$11,523,806	−2.9%	0.40%