ONTARIO TEACHERS PENSION PLAN BOARD

Non-US

CIK

937567

Location

Toronto, A6

Portfolio Value

Large $15,724,040,616

Diversification

Highly concentrated

Reports for

2698945 Ontario Ltd 2774719 Ontario Ltd

Filing Date

Global Rank

#406 / 8,818 ▲ 629

Top Industry

Aerospace & Defense 60.5%

Period ended 4 months ago

Filed Aug 7, 2026 · 3mo

26 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

Non-US

Schedule 13G, Feb 13, 2026

Portfolio style

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

Style

Concentrated

The top 10 positions are 82.3% of the book (60%+)

Turnover

Medium turnover

67.1% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 2.8 quarters, but 5.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 92.4%; sector active share 70.1% 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

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

Top Position

55.1%

+27.3 pts

Top 5

74.3%

+20.1 pts

Top 10

82.2%

+15.9 pts

HHI

3,179

Highly concentrated+2,059

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	63.7%	$10,019,668,695	10
Energy	12.9%	$2,031,837,989	8
Unclassified	9.0%	$1,419,292,935	3
Utilities	7.9%	$1,237,005,747	10
Real Estate	2.7%	$424,305,073	3
Technology	1.6%	$248,949,624	4
Consumer Cyclical	1.1%	$178,423,115	6
Communication Services	0.5%	$80,974,823	2
Basic Materials	0.3%	$44,976,557	1
Consumer Defensive	0.2%	$38,606,058	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
PONY	Pony AI Inc.	+15,149,236	21,641,766	$150,410,273
CNP	Centerpoint Energy Inc	+2,394,685	2,410,776	$106,170,575
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	+2,380,000	8,950,000	$715,731,500
NI	Nisource Inc.	+1,722,650	1,750,406	$83,231,805
CCI	Crown Castle Inc.	+1,660,475	1,668,256	$126,337,026
ES	Eversource Energy	+1,409,114	1,437,437	$103,883,571
ED	Consolidated Edison Inc	+1,384,601	1,388,306	$153,588,292
WMT	Walmart Inc.	+282,774	299,561	$33,928,278
SA	Seabridge Gold Inc	+82,707	1,747,341	$44,976,557
TMUS	T-Mobile US, Inc.	+51,022	261,638	$43,884,541
TTWO	Take Two Interactive Software Inc	+50,215	148,373	$37,090,282
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
CARR	CARRIER GLOBAL Corp	−411,334	890,797	$65,339,959
ROK	Rockwell Automation, Inc	−173,071	60,143	$29,775,596
ROST	Ross Stores, Inc.	−165,862	163,810	$34,866,958
SNOW	Snowflake Inc.	−143,956	203,751	$51,854,629
ETN	Eaton Corp plc	−112,073	123,897	$52,794,989
BURL	Burlington Stores, Inc.	−107,431	106,954	$33,883,027
AMAT	Applied Materials Inc	−6,878	25,536	$18,462,528
ASML	Asml Holding NV	−3,390	14,186	$28,222,194
No positions match the current search.

New Positions

Positions the filer opened this quarter

23 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	50,676,250	$8,658,544,075
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	6,350,000	$692,594,500
ENB	Enbridge Inc	8,634,722	$468,088,279
WMB	Williams Companies, Inc.	4,426,879	$329,094,184
AMT	American Tower Corp	1,784,357	$291,867,274
TRP	Tc Energy Corp	4,140,461	$274,471,159
KMI	Kinder Morgan, Inc.	7,488,168	$239,396,730
TRGP	Targa Resources Corp.	820,971	$220,135,163
OKE	Oneok Inc	2,354,175	$204,671,974
SRE	Sempra	2,075,296	$192,400,692
LNG	Cheniere Energy, Inc.	794,662	$189,932,164
EXC	Exelon Corp	3,852,951	$179,624,575
XE	X-Energy, Inc.	8,464,443	$155,407,173
FER	Ferrovial N.V.	2,154,592	$147,826,557
FTS	Fortis Inc.	2,001,045	$114,519,805
EIX	Edison International	1,471,725	$109,569,926
PBA	Pembina Pipeline Corp	2,292,937	$106,048,336
ATO	Atmos Energy Corp	586,175	$100,980,367
AWK	American Water Works Company, Inc.	707,069	$93,036,139
RACE	Ferrari N.V.	147,354	$54,858,420
URI	United Rentals, Inc.	36,937	$41,845,557
MMM	3M Co	220,680	$35,730,298
—		145,740	$10,966,935
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	705,173	$131,634,643
COF	Capital One Financial Corp	683,205	$124,637,088
PNC	Pnc Financial Services Group, Inc.	550,668	$114,588,504
NVDA	Nvidia Corp	536,898	$93,635,011
ABBV	AbbVie Inc.	326,361	$70,980,253
CMG	Chipotle Mexican Grill Inc	2,137,948	$68,435,715
MA	Mastercard Inc	107,644	$53,785,401
PGR	Progressive Corp	266,694	$52,869,418
AZN	Astrazeneca PLC	265,640	$52,389,520
CMI	Cummins Inc	84,004	$45,195,832
TEAM	Atlassian Corp	643,100	$43,891,575
META	Meta Platforms, Inc.	64,086	$36,665,523
DIS	Walt Disney Co	324,614	$31,286,297
TMO	Thermo Fisher Scientific Inc.	59,473	$29,232,763
ZBH	Zimmer Biomet Holdings, Inc.	270,876	$24,492,607
SPOT	Spotify Technology S.A.	46,004	$22,307,799
EW	Edwards Lifesciences Corp	183,733	$14,713,338
ELAN	Elanco Animal Health Inc	417,697	$9,995,489
DHR	Danaher Corp	50,401	$9,556,029
POR	Portland General Electric Co	95,936	$5,062,542
PK	Park Hotels & Resorts Inc.	473,823	$4,989,356
FE	Firstenergy Corp	97,775	$4,953,281
MAA	Mid America Apartment Communities Inc.	36,654	$4,476,186
WPC	W. P. Carey Inc.	65,618	$4,459,399
OGE	Oge Energy Corp.	90,907	$4,359,899
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

49 tracked positions · $15,724,040,616 total · filing declares 60 positions · $15,773,025,295 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPCX	Space Exploration Technologies Corp Industrials	NEW	50,676,250	NEW	$8,658,544,075	NEW	1	unpriced	55.07%
GFL	GFL Environmental Inc. Industrials	Held	22,450,784	0	$825,964,343	−11.8%	26+	before history	5.25%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Added	8,950,000	+2,380,000	$715,731,500	+36.9%	5	unpriced	4.55%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	NEW	6,350,000	NEW	$692,594,500	NEW	1	unpriced	4.40%
ENB	Enbridge Inc Energy	NEW	8,634,722	NEW	$468,088,279	NEW	1	$54.84	2.98%
WMB	Williams Companies, Inc. Energy	NEW	4,426,879	NEW	$329,094,184	NEW	1	$73.59	2.09%
AMT	American Tower Corp Real Estate	NEW	1,784,357	NEW	$291,867,274	NEW	1	$180.01	1.86%
TRP	Tc Energy Corp Energy	NEW	4,140,461	NEW	$274,471,159	NEW	1	$66.12	1.75%
KMI	Kinder Morgan, Inc. Energy	NEW	7,488,168	NEW	$239,396,730	NEW	1	$32.23	1.52%
TRGP	Targa Resources Corp. Energy	NEW	820,971	NEW	$220,135,163	NEW	1	$256.97	1.40%
OKE	Oneok Inc Energy	NEW	2,354,175	NEW	$204,671,974	NEW	1	$88.09	1.30%
SRE	Sempra Utilities	NEW	2,075,296	NEW	$192,400,692	NEW	1	$93.01	1.22%
LNG	Cheniere Energy, Inc. Energy	NEW	794,662	NEW	$189,932,164	NEW	1	$249.08	1.21%
EXC	Exelon Corp Utilities	NEW	3,852,951	NEW	$179,624,575	NEW	1	$46.26	1.14%
XE	X-Energy, Inc. Industrials	NEW	8,464,443	NEW	$155,407,173	NEW	1	$25.89	0.99%
ED	Consolidated Edison Inc Utilities	Added	1,388,306	+1,384,601	$153,588,292	+36527.0%	4	$108.69	0.98%
PONY	Pony AI Inc. Technology	Added	21,641,766	+15,149,236	$150,410,273	+145.4%	5	$10.12	0.96%
FER	Ferrovial N.V. Industrials	NEW	2,154,592	NEW	$147,826,557	NEW	1	$68.65	0.94%
CCI	Crown Castle Inc. Real Estate	Added	1,668,256	+1,660,475	$126,337,026	+19868.8%	7	$87.88	0.80%
FTS	Fortis Inc. Utilities	NEW	2,001,045	NEW	$114,519,805	NEW	1	$56.41	0.73%
EIX	Edison International Utilities	NEW	1,471,725	NEW	$109,569,926	NEW	1	$71.32	0.70%
CNP	Centerpoint Energy Inc Utilities	Added	2,410,776	+2,394,685	$106,170,575	+15187.6%	3	$42.82	0.68%
PBA	Pembina Pipeline Corp Energy	NEW	2,292,937	NEW	$106,048,336	NEW	1	$46.29	0.67%
ES	Eversource Energy Utilities	Added	1,437,437	+1,409,114	$103,883,571	+5194.2%	4	$69.23	0.66%
ATO	Atmos Energy Corp Utilities	NEW	586,175	NEW	$100,980,367	NEW	1	$179.08	0.64%
AWK	American Water Works Company, Inc. Utilities	NEW	707,069	NEW	$93,036,139	NEW	1	$128.50	0.59%
NI	Nisource Inc. Utilities	Added	1,750,406	+1,722,650	$83,231,805	+6326.7%	2	$47.29	0.53%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	890,797	-411,334	$65,339,959	−10.9%	3	$55.60	0.42%
RACE	Ferrari N.V. Consumer Cyclical	NEW	147,354	NEW	$54,858,420	NEW	1	$347.82	0.35%
ETN	Eaton Corp plc Industrials	Reduced	123,897	-112,073	$52,794,989	−37.4%	2	$355.87	0.34%
SNOW	Snowflake Inc. Technology	Reduced	203,751	-143,956	$51,854,629	−1.1%	2	$185.08	0.33%
SA	Seabridge Gold Inc Basic Materials	Added	1,747,341	+82,707	$44,976,557	−4.7%	13	unpriced	0.29%
TMUS	T-Mobile US, Inc. Communication Services	Added	261,638	+51,022	$43,884,541	−0.8%	2	$202.27	0.28%
URI	United Rentals, Inc. Industrials	NEW	36,937	NEW	$41,845,557	NEW	1	$951.39	0.27%
COOK	Traeger, Inc. Consumer Cyclical	Held	493,861	0	$38,931,062	+171.8%	20	$1,247.72	0.25%
TTWO	Take Two Interactive Software Inc Communication Services	Added	148,373	+50,215	$37,090,282	+91.3%	2	$218.56	0.24%
MMM	3M Co Industrials	NEW	220,680	NEW	$35,730,298	NEW	1	$151.57	0.23%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	163,810	-165,862	$34,866,958	−51.2%	4	$142.79	0.22%
WMT	Walmart Inc. Consumer Defensive	Added	299,561	+282,774	$33,928,278	+1526.3%	14	$122.44	0.22%
BURL	Burlington Stores, Inc. Consumer Cyclical	Reduced	106,954	-107,431	$33,883,027	−51.4%	4	$271.44	0.22%
ROK	Rockwell Automation, Inc Industrials	Reduced	60,143	-173,071	$29,775,596	−64.4%	7	$286.07	0.19%
ASML	Asml Holding NV Technology	Reduced	14,186	-3,390	$28,222,194	+21.6%	2	$1,370.36	0.18%
AMAT	Applied Materials Inc Technology	Reduced	25,536	-6,878	$18,462,528	+66.6%	2	$336.38	0.12%
BZH	Beazer Homes USA Inc PUT Consumer Cyclical	Held	394,000	0	$11,051,700	+45.8%	—	—	0.07%
		NEW	145,740	NEW	$10,966,935	NEW	1	$74.97	0.07%
AAL	American Airlines Group Inc. PUT Industrials	Reduced	356,400	-101,600	$6,440,148	+30.9%	—	—	0.04%
IRM	Iron Mountain Inc PUT Real Estate	Held	48,300	0	$6,100,773	+23.7%	—	—	0.04%
KBH	Kb Home PUT Consumer Cyclical	Held	77,200	0	$4,831,948	+20.9%	—	—	0.03%
POST	Post Holdings, Inc. PUT Consumer Defensive	Reduced	53,000	-1,442	$4,677,780	−13.1%	—	—	0.03%

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.