1832 Asset Management L.P.

CIK

944388

Location

TORONTO, A6

Portfolio Value

Large $74,383,223,867

Diversification

Diversified

Filing Date

Global Rank

#54 / 8,420 ▲ 73

Top Industry

Banks - Diversified 13.8%

3Y Alpha vs SPY

-5.3%

Period ended 6 months ago

Filed Feb 13, 2026 · 4mo

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+54.0%

SPY

+76.3%

Annualised alpha

-5.3%

Max drawdown

−16.2%

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

572 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

4.1%

−0.2 pts

Top 5

16.9%

−0.1 pts

Top 10

27.3%

−0.2 pts

HHI

130

Diversified−4

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Financial Services	25.2%	$18,732,868,726	90
Technology	20.7%	$15,400,522,506	96
Industrials	13.3%	$9,885,973,857	87
Consumer Cyclical	9.0%	$6,661,879,697	60
Energy	8.0%	$5,956,358,878	32
Healthcare	7.2%	$5,390,804,237	53
Basic Materials	5.5%	$4,059,005,596	36
Communication Services	5.1%	$3,799,581,933	19
Real Estate	2.1%	$1,556,719,218	38
Consumer Defensive	2.0%	$1,499,891,585	26
Utilities	1.8%	$1,369,210,681	27
Unclassified	0.1%	$70,406,953	8

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BN	BROOKFIELD Corp /ON/	+29,241,215	45,546,724	$2,090,139,164
CAE	Cae Inc	+20,664,255	22,201,969	$675,383,896
OTEX	Open Text Corp	+19,948,681	23,592,987	$768,659,516
TRP	Tc Energy Corp	+10,540,166	24,512,522	$1,348,433,835
TD	Toronto Dominion Bank	+10,197,588	32,289,612	$3,041,681,450
PBA	Pembina Pipeline Corp	+10,066,512	11,767,638	$447,876,302
CNI	Canadian National Railway Co	+9,294,926	18,747,746	$1,853,214,692
GIL	Gildan Activewear Inc.	+6,652,811	6,773,733	$423,087,363
SHOP	Shopify Inc.	+4,373,310	7,813,418	$1,257,725,895
GIB	Cgi Inc	+4,166,219	5,352,267	$494,014,244
BMO	Bank Of Montreal /Can/	+4,080,743	10,417,243	$1,352,053,968
CSCO	Cisco Systems, Inc.	+4,080,440	7,773,094	$598,761,430
STN	Stantec Inc	+3,897,438	3,975,132	$375,093,455
IBKR	Interactive Brokers Group, Inc.	+3,632,492	5,027,916	$323,345,277
TFII	TFI International Inc.	+3,548,947	4,618,775	$477,350,396
HDB	Hdfc Bank Ltd	+3,517,321	5,730,427	$209,389,802
RBA	Rb Global Inc.	+3,470,301	3,500,777	$360,124,929
NFLX	Netflix Inc	+3,459,179	3,505,956	$328,718,434
TRI	Thomson Reuters Corp /Can/	+3,454,085	5,254,469	$693,011,916
MFC	Manulife Financial Corp	+3,209,334	28,578,141	$1,036,814,955
CPRT	Copart Inc	+3,005,576	3,047,193	$119,297,605
RKT	Rocket Companies, Inc.	+2,803,983	2,817,283	$54,542,598
DSGX	Descartes Systems Group Inc	+2,415,075	2,594,300	$227,416,338
IOT	Samsara Inc.	+2,386,047	2,802,707	$99,355,963
ABT	Abbott Laboratories	+2,175,205	2,373,723	$297,403,754
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TU	Telus Corp	−5,661,446	33,012,974	$434,780,867
TECK	Teck Resources Ltd	−4,715,136	1,730,380	$82,867,898
EXE	EXPAND ENERGY Corp	−3,822,727	33,700	$3,719,132
EFXT	Enerflex Ltd.	−2,776,700	2,734,443	$42,192,455
EQT	EQT Corp	−2,770,465	106,760	$5,722,336
BAC	Bank Of America Corp /De/	−2,041,426	2,915,759	$160,366,745
BIPH	Brookfield Infrastructure Partners L.P.	−1,757,703	9,184,457	$319,068,036
APH	Amphenol Corp /De/	−1,499,863	291,253	$39,359,930
DASH	DoorDash, Inc.	−1,298,198	81,780	$18,521,534
BROS	Dutch Bros Inc.	−1,105,300	1,736,900	$106,333,018
FE	Firstenergy Corp	−951,110	564,200	$25,259,234
HOOD	Robinhood Markets, Inc.	−813,200	47,200	$5,338,320
RF	Regions Financial Corp	−783,108	23,045	$624,519
VRT	Vertiv Holdings Co	−760,564	1,607,549	$260,439,013
SU	Suncor Energy Inc	−745,915	17,791,677	$789,238,791
WELL	Welltower Inc.	−593,580	112,407	$20,863,863
NVDA	Nvidia Corp	−586,686	7,129,801	$1,329,707,886
AFRM	Affirm Holdings, Inc.	−555,700	1,782,700	$132,686,361
SONY	Sony Group Corp	−537,774	314,544	$8,052,326
ZS	Zscaler, Inc.	−515,116	4,002	$900,129
PLTR	Palantir Technologies Inc.	−501,044	694,378	$123,425,689
SE	Sea Ltd	−466,473	130,940	$16,704,015
UBER	Uber Technologies, Inc	−464,266	683,536	$55,851,726
AMRZ	Amrize Ltd	−418,687	1,401,020	$75,767,161
STWD	Starwood Property Trust, Inc.	−400,000	478,662	$8,620,702
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BGSI	Boyd Group Services Inc.	2,369,395	$377,444,623
CIEN	Ciena Corp	789,900	$184,733,913
REGN	Regeneron Pharmaceuticals, Inc.	216,864	$167,390,815
GM	General Motors Co	2,038,235	$165,749,270
TOST	Toast, Inc.	4,064,200	$144,319,742
BA	Boeing Co	607,552	$131,911,690
TEVA	Teva Pharmaceutical Industries Ltd	3,718,454	$116,052,949
ALC	Alcon Inc	1,181,545	$93,117,561
PEG	Public Service Enterprise Group Inc	1,109,980	$89,131,394
GWRE	Guidewire Software, Inc.	432,096	$86,855,616
RL	Ralph Lauren Corp	233,118	$82,432,855
RBRK	Rubrik, Inc.	1,022,300	$78,185,504
UL	Unilever PLC	693,560	$45,358,824
ATI	Ati Inc	294,473	$33,793,721
AX	Axos Financial, Inc.	375,392	$32,343,774
CACC	Credit Acceptance Corp	68,223	$30,254,171
SFBS	ServisFirst Bancshares, Inc.	419,735	$30,132,775
LCII	Lci Industries	234,136	$28,410,062
FIVE	Five Below, Inc	124,312	$23,415,408
CARR	CARRIER GLOBAL Corp	402,177	$21,251,032
KNX	Knight-Swift Transportation Holdings Inc.	367,391	$19,207,201
DEO	Diageo PLC	216,910	$18,712,825
NOC	Northrop Grumman Corp /De/	28,000	$15,965,880
TDG	TransDigm Group INC	11,200	$14,894,320
BCS	Barclays PLC	535,000	$13,615,750
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AXON	Axon Enterprise, Inc.	281,700	$202,159,188
CELH	Celsius Holdings, Inc.	1,939,600	$111,507,604
CMG	Chipotle Mexican Grill Inc	2,516,200	$98,609,878
INSM	INSMED Inc	584,800	$84,217,048
ESLT	Elbit Systems Ltd	164,676	$83,951,824
AVAV	AeroVironment Inc	264,600	$83,319,894
IAU	Ishares Gold Trust	1,043,630	$75,944,955
PWR	Quanta Services, Inc.	136,490	$56,564,185
ORLY	O Reilly Automotive Inc	507,705	$54,735,676
RBLX	Roblox Corp	359,116	$49,744,748
SLV	iShares Silver Trust	710,038	$30,084,310
PHM	Pultegroup Inc/Mi/	223,700	$29,557,481
T	At&T Inc.	999,680	$28,230,963
ONC	BeOne Medicines Ltd.	80,000	$27,256,000
APPF	Appfolio Inc	88,500	$24,395,910
TEM	Tempus AI, Inc.	269,800	$21,775,558
NBIS	Nebius Group N.V.	193,900	$21,769,153
SMCI	Super Micro Computer, Inc.	453,800	$21,755,172
MTZ	Mastec Inc	94,500	$20,110,545
RACE	Ferrari N.V.	35,009	$16,987,066
WLK	Westlake Corp	138,920	$10,705,175
MLM	Martin Marietta Materials Inc	15,100	$9,517,228
VRNS	Varonis Systems Inc	136,200	$7,827,414
APD	Air Products & Chemicals, Inc.	24,364	$6,644,550
MIRM	Mirum Pharmaceuticals, Inc.	75,800	$5,556,898
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

572 positions · $74,383,223,867 total · as of Dec 31, 2025

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

Showing 1–50 of 572 positions by value · page 1 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TD	Toronto Dominion Bank Financial Services	Added	32,289,612	+10,197,588	$3,041,681,450	+72.2%	4.09%
RY	Royal Bank Of Canada Financial Services	Added	16,861,242	+1,184,191	$2,874,673,148	+24.5%	3.86%
MSFT	Microsoft Corp Technology	Added	5,645,286	+1,059,211	$2,730,173,215	+14.9%	3.67%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	45,546,724	+29,241,215	$2,090,139,164	+180.4%	2.81%
CNI	Canadian National Railway Co Industrials	Added	18,747,746	+9,294,926	$1,853,214,692	+107.9%	2.49%
AMZN	Amazon Com Inc Consumer Cyclical	Added	7,771,642	+1,793,540	$1,793,850,406	+36.7%	2.41%
GOOGL	Alphabet Inc. Communication Services	Added	5,554,972	+763,588	$1,738,706,236	+49.3%	2.34%
ENB	Enbridge Inc Energy	Added	30,581,879	+951,887	$1,462,731,272	−2.2%	1.97%
BNS	Bank Of Nova Scotia Financial Services	Added	18,761,273	+828,932	$1,382,518,207	+19.3%	1.86%
BMO	Bank Of Montreal /Can/ Financial Services	Added	10,417,243	+4,080,743	$1,352,053,968	+63.8%	1.82%
TRP	Tc Energy Corp Energy	Added	24,512,522	+10,540,166	$1,348,433,835	+77.4%	1.81%
NVDA	Nvidia Corp Technology	Reduced	7,129,801	-586,686	$1,329,707,886	−7.6%	1.79%
SHOP	Shopify Inc. Technology	Added	7,813,418	+4,373,310	$1,257,725,895	+146.0%	1.69%
AAPL	Apple Inc. Technology	Reduced	4,399,620	-6,919	$1,196,080,693	+6.6%	1.61%
CNQ	Canadian Natural Resources Ltd Energy	Added	31,482,179	+559,368	$1,065,671,759	+7.8%	1.43%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	14,328,630	+59,040	$1,055,017,026	−0.7%	1.42%
MFC	Manulife Financial Corp Financial Services	Added	28,578,141	+3,209,334	$1,036,814,955	+31.2%	1.39%
WCN	Waste Connections, Inc. Industrials	Added	5,652,029	+1,353,322	$991,139,805	+31.2%	1.33%
V	Visa Inc. Financial Services	Reduced	2,718,357	-15,365	$953,354,983	+2.2%	1.28%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	2,817,888	+187,345	$856,327,984	+16.6%	1.15%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	5,374,591	+730,051	$825,590,923	+23.0%	1.11%
SU	Suncor Energy Inc Energy	Reduced	17,791,677	-745,915	$789,238,791	+1.8%	1.06%
OTEX	Open Text Corp Technology	Added	23,592,987	+19,948,681	$768,659,516	+464.3%	1.03%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	1,244,525	+4,211	$721,140,011	+19.9%	0.97%
JPM	Jpmorgan Chase & Co Financial Services	Added	2,183,418	+135,287	$703,540,947	+8.9%	0.95%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	5,254,469	+3,454,085	$693,011,916	+147.8%	0.93%
CAE	Cae Inc Industrials	Added	22,201,969	+20,664,255	$675,383,896	+1381.8%	0.91%
SLF	Sun Life Financial Inc Financial Services	Added	10,208,238	+30,259	$636,994,051	+4.3%	0.86%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	3,711,480	+2,013,036	$629,207,204	+119.8%	0.85%
CSCO	Cisco Systems, Inc. Technology	Added	7,773,094	+4,080,440	$598,761,430	+137.0%	0.80%
AVGO	Broadcom Inc. Technology	Reduced	1,660,892	-114,398	$574,834,721	−1.9%	0.77%
HD	Home Depot, Inc. Consumer Cyclical	Added	1,588,947	+142,064	$546,756,662	−6.7%	0.74%
SHW	Sherwin Williams Co Basic Materials	Added	1,681,911	+28,847	$544,989,621	−4.8%	0.73%
FNV	FRANCO NEVADA Corp Basic Materials	Added	2,602,355	+1,681,122	$539,416,144	+162.7%	0.73%
MA	Mastercard Inc Financial Services	Added	934,024	+475,199	$533,215,621	+104.3%	0.72%
LLY	ELI LILLY & Co Healthcare	Added	488,813	+386,975	$525,317,603	+576.1%	0.71%
JNJ	Johnson & Johnson Healthcare	Added	2,529,074	+1,505,128	$523,391,864	+175.7%	0.70%
ORCL	Oracle Corp Technology	Added	2,554,189	+903,307	$497,836,977	+7.2%	0.67%
GIB	Cgi Inc Technology	Added	5,352,267	+4,166,219	$494,014,244	+367.3%	0.66%
NTR	Nutrien Ltd. Basic Materials	Reduced	7,832,048	-188,234	$483,394,002	+2.7%	0.65%
TFII	TFI International Inc. Industrials	Added	4,618,775	+3,548,947	$477,350,396	+406.7%	0.64%
EMR	Emerson Electric Co Industrials	Added	3,413,318	+575,970	$453,015,564	+21.7%	0.61%
META	Meta Platforms, Inc. Communication Services	Reduced	678,884	-342,885	$448,124,539	−40.3%	0.60%
MCD	Mcdonalds Corp Consumer Cyclical	Added	1,466,160	+5,926	$448,102,480	+1.0%	0.60%
PBA	Pembina Pipeline Corp Energy	Added	11,767,638	+10,066,512	$447,876,302	+550.7%	0.60%
FTS	Fortis Inc. Utilities	Reduced	8,408,188	-58,223	$436,721,284	+1.7%	0.59%
TU	Telus Corp Communication Services	Reduced	33,012,974	-5,661,446	$434,780,867	−28.7%	0.58%
UNH	Unitedhealth Group Inc Healthcare	Added	1,308,258	+642,379	$431,869,048	+87.8%	0.58%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	6,773,733	-193,875	$423,087,363	+5.1%	0.57%
ETN	Eaton Corp plc Industrials	Reduced	1,270,456	-17,624	$404,652,940	−16.1%	0.54%