ONTARIO TEACHERS PENSION PLAN BOARD

Pension

CIK

937567

Location

Toronto, A6

Portfolio Value

Mid $2,848,098,428

Diversification

Diversified

Filing Date

Global Rank

#971 / 8,605 ▼ 249 · as of Mar 2026

Top Industry

Waste Management 32.9%

3Y Alpha vs SPY

-24.3%

Period ended 3 months ago

Filed May 11, 2026 · 59d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-9.6%

SPY

+76.5%

Annualised alpha

-24.2%

Max drawdown

−41.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

32.9%

+4.5 pts

Top 5

49.2%

−11.7 pts

Top 10

62.7%

−13.2 pts

HHI

1,234

Diversified−114

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	43.1%	$1,228,487,347	7
Technology	14.6%	$417,185,570	7
Financial Services	12.1%	$345,880,411	4
Consumer Cyclical	10.6%	$300,976,751	46
Healthcare	7.7%	$218,248,872	9
Communication Services	5.9%	$167,484,460	13
Real Estate	1.9%	$54,336,885	23
Basic Materials	1.7%	$47,175,727	1
Consumer Defensive	1.2%	$34,319,425	20
Utilities	1.2%	$34,002,980	18

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
CMG	Chipotle Mexican Grill Inc	+2,054,255	2,137,948	$68,435,715
ZBH	Zimmer Biomet Holdings, Inc.	+155,288	270,876	$24,492,607
BRBR	Bellring Brands, Inc.	+142,217	152,017	$2,445,953
COTY	Coty Inc.	+118,615	359,328	$722,249
GT	Goodyear Tire & Rubber Co /Oh/	+80,691	214,170	$1,419,947
AMH	American Homes 4 Rent	+69,765	97,586	$2,724,601
GNTX	Gentex Corp	+61,400	185,502	$4,053,218
CMCSA	Comcast Corp	+50,356	117,021	$3,359,672
EW	Edwards Lifesciences Corp	+49,282	183,733	$14,713,338
ABBV	AbbVie Inc.	+47,958	326,361	$70,980,253
BBWI	Bath & Body Works, Inc.	+45,257	163,793	$3,058,015
RIVN	Rivian Automotive, Inc. / DE	+40,161	104,435	$1,571,746
TMO	Thermo Fisher Scientific Inc.	+36,793	59,473	$29,232,763
CRM	Salesforce, Inc.	+35,254	705,173	$131,634,643
MAA	Mid America Apartment Communities Inc.	+32,503	36,654	$4,476,186
META	Meta Platforms, Inc.	+18,080	64,086	$36,665,523
ES	Eversource Energy	+14,548	28,323	$1,962,217
ALV	Autoliv Inc	+13,468	23,806	$2,503,438
O	Realty Income Corp	+13,227	49,603	$3,034,711
EQR	Equity Residential	+11,304	29,117	$1,722,270
M	Macy's, Inc.	+10,444	69,169	$1,251,267
PII	Polaris Inc.	+4,561	54,432	$2,966,544
MTN	Vail Resorts Inc	+3,448	11,713	$1,503,012
DPZ	Dominos Pizza Inc	+3,295	10,303	$3,696,613
ABNB	Airbnb, Inc.	+2,397	2,709	$342,092
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
COOK	Traeger, Inc.	−24,199,214	493,861	$14,321,969
T	At&T Inc.	−3,288,948	46,815	$1,357,166
WMT	Walmart Inc.	−1,641,161	16,787	$2,086,288
CARR	CARRIER GLOBAL Corp	−587,333	1,302,131	$73,322,996
DIS	Walt Disney Co	−409,366	324,614	$31,286,297
CMI	Cummins Inc	−230,070	84,004	$45,195,832
NSA	National Storage Affiliates Trust	−225,932	29,504	$1,113,480
DOC	Healthpeak Properties, Inc.	−206,771	179,896	$2,955,691
SNAP	Snap Inc	−203,466	28,879	$132,843
NVDA	Nvidia Corp	−199,327	536,898	$93,635,011
COF	Capital One Financial Corp	−170,333	683,205	$124,637,088
ROST	Ross Stores, Inc.	−123,981	329,672	$71,416,845
ROK	Rockwell Automation, Inc	−118,095	233,214	$83,695,840
CUBE	CubeSmart	−91,385	36,804	$1,348,866
OHI	Omega Healthcare Investors Inc	−74,363	33,910	$1,485,936
TEAM	Atlassian Corp	−74,172	643,100	$43,891,575
YETI	YETI Holdings, Inc.	−63,953	23,894	$874,281
GIS	General Mills Inc	−61,533	37,922	$1,411,456
EVRG	Evergy, Inc.	−46,850	4,109	$336,609
WEC	Wec Energy Group, Inc.	−46,156	2,334	$270,207
WPC	W. P. Carey Inc.	−44,870	65,618	$4,459,399
POR	Portland General Electric Co /Or/	−42,881	95,936	$5,062,542
DKNG	DraftKings Inc.	−36,314	10,045	$217,172
CL	Colgate Palmolive Co	−36,088	4,146	$353,363
BURL	Burlington Stores, Inc.	−35,095	214,385	$69,756,591
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PNC	Pnc Financial Services Group, Inc.	550,668	$114,588,504
ETN	Eaton Corp plc	235,970	$84,399,389
MA	Mastercard Inc	107,644	$53,785,401
PGR	Progressive Corp/Oh/	266,694	$52,869,418
SNOW	Snowflake Inc.	347,707	$52,441,169
AZN	Astrazeneca PLC	265,640	$52,389,520
TMUS	T-Mobile US, Inc.	210,616	$44,235,678
ASML	Asml Holding NV	17,576	$23,214,908
SPOT	Spotify Technology S.A.	46,004	$22,307,799
TTWO	Take Two Interactive Software Inc	98,158	$19,386,205
AMAT	Applied Materials Inc /De	32,414	$11,078,781
ELAN	Elanco Animal Health Inc	417,697	$9,995,489
DHR	Danaher Corp /De/	50,401	$9,556,029
IRM	Iron Mountain Inc	48,300	$4,933,362
OGE	Oge Energy Corp.	90,907	$4,359,899
ISRG	Intuitive Surgical Inc	8,987	$4,142,917
DUK	Duke Energy CORP	23,303	$3,051,294
TPR	Tapestry, Inc.	19,620	$2,768,578
IDXX	Idexx Laboratories Inc /De	4,887	$2,745,956
F	Ford Motor Co	230,141	$2,655,827
CART	Maplebear Inc.	70,518	$2,641,604
BWA	Borgwarner Inc	34,872	$1,892,154
FR	First Industrial Realty Trust Inc	31,303	$1,810,878
VZ	Verizon Communications Inc	26,661	$1,338,382
NI	Nisource Inc.	27,756	$1,295,094
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BAC	Bank Of America Corp /De/	2,725,808	$149,919,440
GE	General Electric Co	369,652	$113,863,905
BSX	Boston Scientific Corp	224,925	$21,446,598
SUI	Sun Communities Inc	31,096	$3,853,105
USFD	US Foods Holding Corp.	41,554	$3,129,847
UGI	Ugi Corp /Pa/	82,360	$3,082,734
CDP	Copt Defense Properties	92,748	$2,578,394
CUZ	Cousins Properties Inc	91,049	$2,347,243
TGT	Target Corp	21,263	$2,078,458
NFG	National Fuel Gas Co	22,847	$1,829,130
PBA	Pembina Pipeline Corp	46,676	$1,776,488
EL	Estee Lauder Companies Inc	14,698	$1,539,174
FOXA	Fox Corp	20,861	$1,524,313
INGR	Ingredion Inc	13,239	$1,459,732
SWX	Southwest Gas Holdings, Inc.	17,187	$1,375,303
BMO	Bank Of Montreal /Can/	9,618	$1,248,320
ARMK	Aramark	33,513	$1,235,289
CHWY	Chewy, Inc.	27,600	$912,180
PG	PROCTER & GAMBLE Co	6,017	$862,296
RBLX	Roblox Corp	10,548	$854,704
WY	Weyerhaeuser Co	35,586	$843,032
TSLA	Tesla, Inc.	1,821	$818,940
EPR	Epr Properties	14,032	$700,196
SGI	Somnigroup International Inc.	7,573	$676,117
THO	Thor Industries Inc	4,646	$477,004
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

148 positions · $2,848,098,428 total · as of Mar 31, 2026

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

Showing 1–50 of 148 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GFL	GFL Environmental Inc. Industrials	Reduced	22,450,784	-22,450,784	$936,646,708	−51.4%	32.89%
CRM	Salesforce, Inc. Technology	Added	705,173	+35,254	$131,634,643	−25.8%	4.62%
COF	Capital One Financial Corp Financial Services	Reduced	683,205	-170,333	$124,637,088	−39.7%	4.38%
PNC	Pnc Financial Services Group, Inc. Financial Services	NEW	550,668	NEW	$114,588,504	NEW	4.02%
NVDA	Nvidia Corp Technology	Reduced	536,898	-199,327	$93,635,011	−31.8%	3.29%
ETN	Eaton Corp plc Industrials	NEW	235,970	NEW	$84,399,389	NEW	2.96%
ROK	Rockwell Automation, Inc Industrials	Reduced	233,214	-118,095	$83,695,840	−38.8%	2.94%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	1,302,131	-587,333	$73,322,996	−26.6%	2.57%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	329,672	-123,981	$71,416,845	−12.6%	2.51%
ABBV	AbbVie Inc. Healthcare	Added	326,361	+47,958	$70,980,253	+11.6%	2.49%
BURL	Burlington Stores, Inc. Consumer Cyclical	Reduced	214,385	-35,095	$69,756,591	−3.2%	2.45%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Added	2,137,948	+2,054,255	$68,435,715	+2110.0%	2.40%
PONY	Pony AI Inc. Technology	Held	6,492,530	0	$61,289,483	−34.9%	2.15%
MA	Mastercard Inc Financial Services	NEW	107,644	NEW	$53,785,401	NEW	1.89%
PGR	Progressive Corp/Oh/ Financial Services	NEW	266,694	NEW	$52,869,418	NEW	1.86%
SNOW	Snowflake Inc. Technology	NEW	347,707	NEW	$52,441,169	NEW	1.84%
AZN	Astrazeneca PLC Healthcare	NEW	265,640	NEW	$52,389,520	NEW	1.84%
SA	Seabridge Gold Inc Basic Materials	Held	1,664,634	0	$47,175,727	−4.2%	1.66%
CMI	Cummins Inc Industrials	Reduced	84,004	-230,070	$45,195,832	−71.8%	1.59%
TMUS	T-Mobile US, Inc. Communication Services	NEW	210,616	NEW	$44,235,678	NEW	1.55%
TEAM	Atlassian Corp Technology	Reduced	643,100	-74,172	$43,891,575	−62.3%	1.54%
META	Meta Platforms, Inc. Communication Services	Added	64,086	+18,080	$36,665,523	+20.7%	1.29%
DIS	Walt Disney Co Communication Services	Reduced	324,614	-409,366	$31,286,297	−62.5%	1.10%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	59,473	+36,793	$29,232,763	+122.4%	1.03%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Added	270,876	+155,288	$24,492,607	+135.6%	0.86%
ASML	Asml Holding NV Technology	NEW	17,576	NEW	$23,214,908	NEW	0.82%
SPOT	Spotify Technology S.A. Communication Services	NEW	46,004	NEW	$22,307,799	NEW	0.78%
TTWO	Take Two Interactive Software Inc Communication Services	NEW	98,158	NEW	$19,386,205	NEW	0.68%
EW	Edwards Lifesciences Corp Healthcare	Added	183,733	+49,282	$14,713,338	+28.4%	0.52%
COOK	Traeger, Inc. Consumer Cyclical	Reduced	493,861	-24,199,214	$14,321,969	−98.9%	0.50%
AMAT	Applied Materials Inc /De Technology	NEW	32,414	NEW	$11,078,781	NEW	0.39%
ELAN	Elanco Animal Health Inc Healthcare	NEW	417,697	NEW	$9,995,489	NEW	0.35%
DHR	Danaher Corp /De/ Healthcare	NEW	50,401	NEW	$9,556,029	NEW	0.34%
BZH	Beazer Homes USA Inc Consumer Cyclical	Held	394,000	0	$7,580,560	−5.1%	0.27%
POST	Post Holdings, Inc. Consumer Defensive	Reduced	54,442	-6,495	$5,382,136	−10.8%	0.19%
POR	Portland General Electric Co /Or/ Utilities	Reduced	95,936	-42,881	$5,062,542	−24.0%	0.18%
PK	Park Hotels & Resorts Inc. Real Estate	Reduced	473,823	-28,551	$4,989,356	−5.1%	0.18%
FE	Firstenergy Corp Utilities	Reduced	97,775	-17,149	$4,953,281	−3.7%	0.17%
IRM	Iron Mountain Inc Real Estate	NEW	48,300	NEW	$4,933,362	NEW	0.17%
AAL	American Airlines Group Inc. Industrials	Held	458,000	0	$4,918,920	−29.9%	0.17%
MAA	Mid America Apartment Communities Inc. Real Estate	Added	36,654	+32,503	$4,476,186	+676.3%	0.16%
WPC	W. P. Carey Inc. Real Estate	Reduced	65,618	-44,870	$4,459,399	−37.3%	0.16%
OGE	Oge Energy Corp. Utilities	NEW	90,907	NEW	$4,359,899	NEW	0.15%
ISRG	Intuitive Surgical Inc Healthcare	NEW	8,987	NEW	$4,142,917	NEW	0.15%
GNTX	Gentex Corp Consumer Cyclical	Added	185,502	+61,400	$4,053,218	+40.4%	0.14%
KBH	Kb Home Consumer Cyclical	Held	77,200	0	$3,995,100	−8.3%	0.14%
SAM	Boston Beer Co Inc Consumer Defensive	Reduced	17,092	-13,581	$3,937,996	−34.2%	0.14%
DPZ	Dominos Pizza Inc Consumer Cyclical	Added	10,303	+3,295	$3,696,613	+26.5%	0.13%
BKH	Black Hills Corp /Sd/ Utilities	Reduced	50,703	-4,149	$3,519,295	−7.6%	0.12%
KHC	Kraft Heinz Co Consumer Defensive	Reduced	151,369	-5,005	$3,404,288	−10.2%	0.12%