Addenda Capital Inc.
CIK 1569411 · View on SEC EDGAR ↗
- Portfolio value
- $3.7B
- Positions
- 128
- As of
- June 30, 2026
#1,007 of 9,443 by 13F value · top 10.7%
Portfolio value QoQ: +3.6% 13F does not disclose cash
- Top 10 holdings weight
- 38.75%
- Top 25 holdings weight
- 64.17%
- Positions above 1%
- 29
- Effective number of positions
- 43.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 6.2% Est. buys $224,226,340 · sells $264,990,545
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 85.3% still held
- New positions
- 4
- Increased
- 40
- Decreased
- 47
- Closed
- 5
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Financials
24.3%
Energy
14.1%
Industrials
13.2%
Materials
11.9%
Technology
11.4%
Financial Services
6.1%
Retail
3.1%
Consumer Discretionary
3.1%
Health Care
2.7%
Communication Services
2.4%
Utilities
2.4%
Communications
1.2%
Consumer Staples
0.9%
Telecommunication
0.8%
Real Estate
0.6%
Logistics & Transportation
0.5%
Consumer products
0.4%
Other/Unmapped
1.1%
Full portfolio 128 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TD Toronto Dominion Bank (The) Common Stock | $223,176,669 | 6.07% | 1,294,228 | $54,222,600 | Down ×3 | ||
| RY Royal Bank Of Canada Common Stock | $220,506,691 | 5.99% | 750,840 | $52,800,182 | Up ×2 | ||
| BMO Bank Of Montreal Common Stock | $156,684,793 | 4.26% | 625,064 | $29,676,900 | Down ×3 | ||
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $133,288,399 | 3.62% | 1,081,272 | $29,718,400 | Up ×2 | ||
| BN Brookfield Corporation Class A Limited Voting Shares | $131,887,717 | 3.59% | 2,179,602 | $9,638,605 | Up ×3 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $129,600,145 | 3.52% | 798,719 | $11,220,599 | Up ×2 | ||
| ENB Enbridge Inc Common Stock | $119,938,684 | 3.26% | 1,559,468 | $13,841,489 | Up ×1 | ||
| CCJ Cameco Corporation Common Stock | $104,336,035 | 2.84% | 721,749 | $21,016,608 | Up ×3 | ||
| CNQ Canadian Natural Resources Limited Common Stock | $103,501,303 | 2.81% | 1,823,954 | $-20,591,696 | Up ×1 | ||
| CP Canadian Pacific Kansas City Limited Common Shares | $102,608,496 | 2.79% | 832,895 | $25,857,169 | Up ×1 | ||
| CNI Canadian National Railway Company Common Stock | $92,896,925 | 2.53% | 548,874 | $27,033,409 | Up ×2 | ||
| AEM Agnico Eagle Mines Limited Common Stock | $86,456,924 | 2.35% | 392,344 | $-91,109,756 | Down ×3 | ||
| TRP TC Energy Corporation Common Stock | $80,460,042 | 2.19% | 848,757 | $491,799 | Down ×6 | ||
| AAPL Apple Inc. - Common Stock | $63,746,876 | 1.73% | 220,303 | $5,979,958 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $62,869,310 | 1.71% | 166,431 | $11,114,905 | Down ×3 | ||
| HBM Hudbay Minerals Inc. Ordinary Shares (Canada) | $62,709,623 | 1.70% | 1,872,488 | $44,731,810 | Up ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $61,405,574 | 1.67% | 173,791 | $8,485,928 | Down ×1 | ||
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | $60,139,720 | 1.63% | 376,957 | $-52,749,170 | Down ×1 | ||
| SU Suncor Energy Inc. Common Stock | $59,851,093 | 1.63% | 784,418 | $-8,886,450 | Up ×1 | ||
| KGC Kinross Gold Corporation Common Stock | $55,571,878 | 1.51% | 1,654,910 | $-2,584,495 | Up ×2 | ||
| MFC Manulife Financial Corporation Common Stock | $54,841,351 | 1.49% | 953,431 | $18,208,092 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $52,723,636 | 1.43% | 263,605 | $6,402,210 | Down ×1 | ||
| CM Canadian Imperial Bank of Commerce Common Stock | $48,658,638 | 1.32% | 295,989 | $6,765,876 | Down ×6 | ||
| MSFT Microsoft Corporation - Common Stock | $48,422,472 | 1.32% | 129,812 | $100,110 | Down ×1 | ||
| WCN Waste Connections, Inc. Common Shares | $44,450,776 | 1.21% | 188,040 | $-4,952,676 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $42,887,911 | 1.17% | 179,982 | $8,598,299 | Up ×3 | ||
| FNV Franco-Nevada Corporation | $42,598,532 | 1.16% | 143,948 | $-33,807,711 | Down ×1 | ||
| BIP Brookfield Infrastructure Partners LP Limited Partnership Units | $40,268,906 | 1.09% | 777,392 | $1,537,072 | Up ×1 | ||
| PBA Pembina Pipeline Corp. Ordinary Shares (Canada) | $39,811,457 | 1.08% | 606,697 | $2,104,045 | Up ×1 | ||
| CLS Celestica, Inc. Common Stock | $35,442,319 | 0.96% | 68,522 | $19,710,201 | Up ×1 | ||
| APH Amphenol Corporation Common Stock | $33,872,635 | 0.92% | 191,875 | $9,346,054 | Down ×3 | ||
| V Visa Inc. | $33,513,031 | 0.91% | 97,680 | $3,764,455 | Down ×1 | ||
| AGI Alamos Gold Inc. Class A Common Shares | $32,936,753 | 0.90% | 765,971 | $-90,042,329 | Down ×3 | ||
| QSR Restaurant Brands International Inc. Common Shares | $32,404,444 | 0.88% | 312,203 | $186,797 | Up ×1 | ||
| EMA Emera Incorporated Common Shares | $31,731,487 | 0.86% | 421,793 | $1,333,877 | Up ×1 | ||
| FFIV F5, Inc. - Common Stock | $30,117,168 | 0.82% | 72,404 | $8,996,367 | Down ×3 | ||
| JPM JP Morgan Chase & Co. Common Stock | $28,539,575 | 0.78% | 87,189 | $2,503,473 | Down ×1 | ||
| WAB Westinghouse Air Brake Technologies Corporation Common Stock | $26,339,381 | 0.72% | 97,698 | $1,464,589 | Down ×1 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $24,309,236 | 0.66% | 160,457 | $-1,278,058 | Up ×2 | ||
| TFII TFI International Inc. Common Shares | $24,277,689 | 0.66% | 118,534 | $3,695,375 | Down ×3 | ||
| CIGI Colliers International Group Inc. - Subordinate Voting Shares | $22,286,631 | 0.61% | 167,188 | $-2,445,383 | Up ×1 | ||
| BKNG Booking Holdings Inc. - Common Stock | $22,019,770 | 0.60% | 123,540 | $2,467,044 | Up ×2 | ||
| CAT Caterpillar, Inc. Common Stock | $20,020,120 | 0.54% | 18,800 | $6,701,072 | |||
| LIN Linde plc - Ordinary Shares | $19,651,220 | 0.53% | 37,868 | $681,955 | Down ×1 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $19,592,260 | 0.53% | 39,047 | $187,198 | Down ×1 | ||
| URI United Rentals, Inc. Common Stock | $19,086,931 | 0.52% | 16,848 | $6,632,926 | Down ×1 | ||
| SCHW Charles Schwab Corporation (The) Common Stock | $18,699,623 | 0.51% | 202,662 | $-537,895 | Down ×1 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $18,306,372 | 0.50% | 53,708 | $13,880,943 | Up ×1 | ||
| BAM Brookfield Asset Management Inc Class A Limited Voting Shares | $16,537,828 | 0.45% | 259,947 | $1,005,623 | Up ×1 | ||
| STE STERIS plc (Ireland) Ordinary Shares | $16,444,043 | 0.45% | 78,093 | $5,829,140 | Up ×2 | ||
| COST Costco Wholesale Corporation - Common Stock | $16,395,047 | 0.45% | 17,526 | $-1,042,478 | Up ×2 | ||
| PNC PNC Financial Services Group, Inc. (The) Common Stock | $15,899,903 | 0.43% | 64,576 | $2,481,844 | Up ×2 | ||
| LOW Lowe's Companies, Inc. Common Stock | $15,608,487 | 0.42% | 70,790 | $-1,266,867 | Down ×1 | ||
| SPGI S&P Global Inc. Common Stock | $15,374,880 | 0.42% | 37,752 | $-855,669 | Down ×1 | ||
| MGA Magna International, Inc. Common Stock | $15,239,057 | 0.41% | 163,404 | $2,530,138 | Down ×1 | ||
| RMD ResMed Inc. Common Stock | $15,143,540 | 0.41% | 77,707 | $-2,445,590 | Down ×1 | ||
| GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock | $14,527,116 | 0.39% | 198,675 | $-548,656 | Up ×2 | ||
| BCE BCE, Inc. Common Stock | $14,423,148 | 0.39% | 465,393 | $-2,325,002 | Down ×1 | ||
| TECK Teck Resources Ltd Ordinary Shares | $14,123,553 | 0.38% | 167,202 | $1,996,189 | Down ×3 | ||
| FTS Fortis Inc. Common Shares | $13,808,438 | 0.38% | 169,950 | $618,618 | |||
| CAE CAE Inc. Ordinary Shares | $13,466,031 | 0.37% | 379,218 | $179,955 | Up ×2 | ||
| BRKB | $12,824,495 | 0.35% | 25,629 | $5,030,786 | Up ×1 | ||
| RBA RB Global, Inc. Common Stock | $12,713,470 | 0.35% | 77,000 | $2,440,900 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $12,680,955 | 0.34% | 35,500 | $2,470,090 | |||
| SLF Sun Life Financial Inc. Common Stock | $12,516,854 | 0.34% | 112,410 | $2,720,322 | |||
| CSCO Cisco Systems, Inc. - Common Stock | $12,371,852 | 0.34% | 105,400 | $4,195,974 | |||
| MEOH Methanex Corporation - Common Stock | $11,988,330 | 0.33% | 183,000 | $-3,180,540 | |||
| SHW Sherwin-Williams Company (The) Common Stock | $11,525,079 | 0.31% | 33,472 | $703,311 | Down ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $11,356,930 | 0.31% | 87,800 | $720,838 | |||
| Unknown issuer (CUSIP: 866966104) | $11,133,487 | 0.30% | 178,754 | $1,830,232 | Down ×1 | ||
| BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) | $10,763,652 | 0.29% | 129,200 | $1,365,644 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $10,582,964 | 0.29% | 22,125 | $-2,364,614 | Down ×1 | ||
| NTR Nutrien Ltd. Common Shares | $10,136,055 | 0.28% | 112,460 | $-1,065,788 | Up ×1 | ||
| SYK Stryker Corporation Common Stock | $9,979,208 | 0.27% | 31,621 | $-419,971 | Up ×2 | ||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $9,940,359 | 0.27% | 170,606 | $47,620 | Up ×2 | ||
| CVE Cenovus Energy Inc Common Stock | $9,852,989 | 0.27% | 279,994 | $-13,871,951 | Down ×3 | ||
| WMT Walmart Inc. - Common Stock | $9,633,746 | 0.26% | 85,100 | $-962,693 | |||
| UNP Union Pacific Corporation Common Stock | $9,562,704 | 0.26% | 35,157 | $1,045,529 | Up ×2 | ||
| JNJ Johnson & Johnson Common Stock | $9,498,478 | 0.26% | 37,400 | $356,422 | |||
| FDX FedEx Corporation Common Stock | $9,430,500 | 0.26% | 30,000 | $-1,298,400 | |||
| TRU TransUnion Common Stock | $9,388,877 | 0.26% | 130,148 | $317,169 | Down ×1 | ||
| DE Deere & Company Common Stock | $9,094,085 | 0.25% | 14,300 | $1,015,729 | |||
| BGSI Boyd Group Services Inc. Common Shares | $9,058,703 | 0.25% | 67,378 | $-2,746,701 | Up ×1 | ||
| INTU Intuit Inc. - Common Stock | $8,884,179 | 0.24% | 34,039 | $-5,950,779 | Down ×1 | ||
| IBM International Business Machines Corporation Common Stock | $8,801,873 | 0.24% | 31,300 | $1,215,066 | |||
| GIB CGI Inc. Common Stock | $8,713,325 | 0.24% | 95,051 | $-1,554,205 | Down ×6 | ||
| KO Coca-Cola Company (The) Common Stock | $8,703,520 | 0.24% | 106,400 | $555,408 | |||
| RIO Rio Tinto Plc Common Stock | $8,695,588 | 0.24% | 91,600 | $-82,440 | |||
| UPS United Parcel Service, Inc. Common Stock | $8,535,500 | 0.23% | 79,400 | $724,128 | |||
| CHD Church & Dwight Company, Inc. Common Stock | $8,430,982 | 0.23% | 87,025 | $321,661 | Up ×2 | ||
| EMR Emerson Electric Company Common Stock | $8,374,275 | 0.23% | 58,500 | $709,605 | |||
| RCI Rogers Communication, Inc. Common Stock | $7,924,136 | 0.22% | 169,900 | $-1,419,916 | Down ×3 | ||
| STN Stantec Inc Common Stock | $7,590,231 | 0.21% | 77,400 | $-1,736,856 | |||
| DOW Dow Inc. Common Stock | $7,381,728 | 0.20% | 269,800 | $-3,855,442 | |||
| F Ford Motor Company Common Stock | $7,310,010 | 0.20% | 525,900 | $1,241,124 | |||
| SBUX Starbucks Corporation - Common Stock | $7,226,247 | 0.20% | 70,700 | $893,648 | |||
| PFE Pfizer, Inc. Common Stock | $7,002,464 | 0.19% | 290,800 | $-1,163,200 | |||
| MA Mastercard Incorporated Common Stock | $6,882,240 | 0.19% | 13,400 | $186,796 | |||
| Q Qnity Electronics, Inc. Common Stock | $6,630,386 | 0.18% | 40,600 | $1,945,958 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $6,478,410 | 0.18% | 11,500 | $-98,555 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 884903881) | $5,531,494 | 47,751 | 0.15% |
| Unknown issuer (CUSIP: 26614N201) | $3,671,319 | 27,067 | 0.10% |
| AYASF | $1,096,936 | 40,839 | 0.03% |
| IAG | $627,129 | 27,860 | 0.02% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| GFL | Dec. 31, 2025 | 229,065 | $15,109,127 | -4.1% |
| UNH | June 30, 2025 | 26,824 | $14,049,070 | 24.2% |
| IQV | March 31, 2026 | 60,279 | $13,587,489 | 50.2% |
| FISV | Dec. 31, 2025 | 86,042 | $11,093,395 | -23.3% |
| AKAM | March 31, 2025 | 92,329 | $8,831,269 | 36.6% |
| HON | June 30, 2025 | 40,452 | $8,565,711 | 0.0% |
| MIDD | Dec. 31, 2025 | 56,815 | $7,552,418 | -24.5% |
| LKQ | Dec. 31, 2025 | 236,843 | $7,233,185 | -13.9% |
| GRTUF | March 31, 2026 | 75,529 | $6,193,816 | No longer tracked |
| OTEX | June 30, 2025 | 169,703 | $6,163,613 | -15.7% |
| TRI | June 30, 2026 | 48,500 | $6,089,660 | 29.1% |
| ADBE | June 30, 2026 | 24,122 | $5,863,576 | 33.1% |
| BALL | Dec. 31, 2025 | 79,427 | $4,004,709 | 19.4% |
| DD | June 30, 2026 | 81,200 | $3,718,960 | 3.3% |
| ZTS | June 30, 2026 | 29,737 | $3,515,211 | 6.6% |
| MKC | March 31, 2026 | 46,299 | $3,172,315 | 9.7% |
| DSGX | Dec. 31, 2025 | 21,183 | $2,775,820 | -12.5% |
| SPY | March 31, 2026 | 2,530 | $1,729,544 | No longer tracked |
| SPY | June 30, 2025 | 2,628 | $1,473,864 | No longer tracked |
| BDX | Sept. 30, 2025 | 8,274 | $1,425,197 | 28.3% |
| ORXXXX | June 30, 2025 | 42,261 | $1,286,214 | No longer tracked |
| LSPD | Dec. 31, 2025 | 50,485 | $811,294 | -14.0% |
| LSPD | June 30, 2025 | 51,395 | $647,063 | -11.3% |
| ORLA | June 30, 2026 | 28,440 | $636,203 | No longer tracked |
| KGC | June 30, 2025 | 25,730 | $466,485 | 108.3% |