Beutel, Goodman & Co Ltd.
CIK 1361974 · View on SEC EDGAR ↗
- Portfolio value
- $13.6M
- Positions
- 163
- As of
- June 30, 2026
#8,938 of 9,443 by 13F value · top 94.7%
Portfolio value QoQ: -7.9% 13F does not disclose cash
- Top 10 holdings weight
- 29.73%
- Top 25 holdings weight
- 58.66%
- Positions above 1%
- 51
- Effective number of positions
- 49.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 8.48% Est. buys $1,201,653 · sells $3,699,096
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 69.4% still held
- New positions
- 5
- Increased
- 14
- Decreased
- 96
- Closed
- 12
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
21.2%
Industrials
18.8%
Healthcare
10.5%
Technology
9.5%
Financial Services
9.0%
Materials
6.3%
Consumer Discretionary
5.5%
Energy
5.2%
Retail
4.5%
Communication Services
2.5%
Telecommunication
2.0%
Utilities
1.7%
Real Estate
1.2%
Consumer products
1.1%
Consumer Staples
0.2%
Communications
0.0%
Other/Unmapped
0.9%
Full portfolio 163 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TD Toronto Dominion Bank (The) Common Stock | $780,395 | 5.74% | 6,420,709 | $93,004 | Down ×6 | ||
| BMO Bank Of Montreal Common Stock | $476,266 | 3.50% | 2,695,594 | $57,468 | Down ×6 | ||
| RY Royal Bank Of Canada Common Stock | $451,308 | 3.32% | 2,180,246 | $-129,738 | Down ×6 | ||
| PPG PPG Industries, Inc. Common Stock | $391,438 | 2.88% | 3,227,294 | $-5,313 | Down ×2 | ||
| EBAY eBay Inc. - Common Stock | $376,240 | 2.77% | 3,366,801 | $-13,073 | Down ×2 | ||
| CB Chubb Limited Common Stock | $326,110 | 2.40% | 957,066 | $-50,998 | Down ×2 | ||
| QSR Restaurant Brands International Inc. Common Shares | $320,810 | 2.36% | 4,424,521 | $-55,263 | Down ×2 | ||
| CP Canadian Pacific Kansas City Limited Common Shares | $308,222 | 2.27% | 3,556,364 | $-14,310 | Down ×2 | ||
| MDT Medtronic plc. Ordinary Shares | $306,839 | 2.26% | 3,922,276 | $-80,414 | Down ×4 | ||
| MAS Masco Corporation Common Stock | $302,036 | 2.22% | 3,711,884 | $110,878 | Up ×1 | ||
| NTAP NetApp, Inc. - Common Stock | $297,971 | 2.19% | 1,925,379 | $-74,980 | Down ×1 | ||
| UNP Union Pacific Corporation Common Stock | $286,328 | 2.11% | 1,052,679 | $27,693 | Down ×1 | ||
| CNQ Canadian Natural Resources Limited Common Stock | $272,726 | 2.01% | 6,894,705 | $77,662 | Up ×1 | ||
| RCL Royal Caribbean Cruises Ltd. Common Stock | $269,932 | 1.99% | 850,102 | Up ×1 | |||
| RCI Rogers Communication, Inc. Common Stock | $266,765 | 1.96% | 8,202,734 | $-97,084 | Down ×2 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $266,406 | 1.96% | 2,073,206 | $-98,059 | Down ×4 | ||
| SU Suncor Energy Inc. Common Stock | $266,093 | 1.96% | 4,947,844 | $-3,337 | Up ×1 | ||
| BN Brookfield Corporation Class A Limited Voting Shares | $263,864 | 1.94% | 6,186,707 | $103,185 | Up ×1 | ||
| MRSH Marsh Common Stock | $262,320 | 1.93% | 1,573,890 | $127,069 | Up ×1 | ||
| AMP Ameriprise Financial, Inc. Common Stock | $255,066 | 1.88% | 555,992 | $-38,043 | Down ×2 | ||
| BDX Becton, Dickinson and Company Common Stock | $254,936 | 1.88% | 1,684,640 | $103,493 | Up ×1 | ||
| CNI Canadian National Railway Company Common Stock | $251,132 | 1.85% | 2,105,136 | $3,289 | Down ×5 | ||
| FLS Flowserve Corporation Common Stock | $245,600 | 1.81% | 3,311,766 | $98,027 | Up ×1 | ||
| MFC Manulife Financial Corporation Common Stock | $239,523 | 1.76% | 5,907,934 | $-107,899 | Down ×2 | ||
| DOX Amdocs Limited - Ordinary Shares | $233,199 | 1.72% | 4,614,159 | $-111,647 | Down ×1 | ||
| WAB Westinghouse Air Brake Technologies Corporation Common Stock | $228,192 | 1.68% | 846,411 | $-183,895 | Down ×2 | ||
| OMC Omnicom Group Inc. Common Stock | $225,133 | 1.66% | 3,091,223 | $-85,781 | Down ×2 | ||
| ELV Elevance Health, Inc. Common Stock | $223,708 | 1.65% | 578,463 | $-35,880 | Down ×1 | ||
| GFL GFL Environmental Inc. Subordinate voting shares, no par value | $210,278 | 1.55% | 5,720,668 | $-65,723 | Down ×2 | ||
| GIB CGI Inc. Common Stock | $208,496 | 1.53% | 3,226,849 | $-63,418 | Down ×2 | ||
| BAM Brookfield Asset Management Inc Class A Limited Voting Shares | $205,354 | 1.51% | 4,579,477 | $-24,624 | Down ×1 | ||
| NTR Nutrien Ltd. Common Shares | $201,985 | 1.49% | 3,207,250 | $-76,518 | Down ×2 | ||
| FTS Fortis Inc. Common Shares | $198,766 | 1.46% | 3,470,773 | $-22,128 | Down ×6 | ||
| AXP American Express Company Common Stock | $193,874 | 1.43% | 573,168 | $-7,130 | Down ×5 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $191,493 | 1.41% | 1,036,274 | $-118,645 | Down ×1 | ||
| AMGN Amgen Inc. - Common Stock | $188,511 | 1.39% | 520,577 | $-39,951 | Down ×3 | ||
| RBA RB Global, Inc. Common Stock | $173,568 | 1.28% | 1,491,437 | $8,683 | Down ×6 | ||
| FNV Franco-Nevada Corporation | $169,585 | 1.25% | 813,030 | $21,171 | Up ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $167,050 | 1.23% | 231,052 | $15,034 | Down ×3 | ||
| CIGI Colliers International Group Inc. - Subordinate Voting Shares | $166,769 | 1.23% | 1,777,779 | $-49,835 | Down ×1 | ||
| WFC Wells Fargo & Company Common Stock | $160,466 | 1.18% | 1,941,758 | $-2,576 | Down ×1 | ||
| GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock | $151,789 | 1.12% | 2,945,188 | $-37,960 | Down ×1 | ||
| TRP TC Energy Corporation Common Stock | $151,488 | 1.11% | 2,288,376 | $-84,352 | Down ×5 | ||
| AZO AutoZone, Inc. Common Stock | $150,346 | 1.11% | 47,043 | Up ×1 | |||
| COR Cencora, Inc. Common Stock | $144,228 | 1.06% | 509,678 | $84,412 | Up ×1 | ||
| KMB Kimberly-Clark Corporation - Common Stock | $143,101 | 1.05% | 1,303,647 | $-34,583 | Down ×2 | ||
| GEN Gen Digital Inc. - Common Stock | $143,003 | 1.05% | 5,745,414 | $-52,591 | Down ×5 | ||
| BGSI Boyd Group Services Inc. Common Shares | $141,211 | 1.04% | 1,491,881 | $-78,102 | Down ×1 | ||
| ATS ATS Corporation Common Shares | $138,218 | 1.02% | 4,796,922 | $-15,041 | Down ×5 | ||
| SLF Sun Life Financial Inc. Common Stock | $136,834 | 1.01% | 1,743,457 | $-44,709 | Down ×6 | ||
| CAE CAE Inc. Ordinary Shares | $135,597 | 1.00% | 5,417,594 | $-26,056 | Down ×6 | ||
| SEIC SEI Investments Company - Common Stock | $131,098 | 0.96% | 1,494,684 | $-8,041 | Down ×5 | ||
| BLK BlackRock, Inc. Common Stock | $121,299 | 0.89% | 126,149 | $-16,691 | Down ×5 | ||
| CMI Cummins Inc. Common Stock | $115,637 | 0.85% | 162,137 | $-58,494 | Down ×5 | ||
| CMCSA Comcast Corporation - Class A Common Stock | $102,965 | 0.76% | 4,194,096 | $-170,795 | Down ×5 | ||
| SYY Sysco Corporation Common Stock | $79,098 | 0.58% | 946,382 | $-49,812 | Down ×1 | ||
| CG The Carlyle Group Inc. - Common Stock | $53,482 | 0.39% | 1,270,059 | $-20,022 | Down ×5 | ||
| AGI Alamos Gold Inc. Class A Common Shares | $45,772 | 0.34% | 1,510,235 | $-21,874 | Down ×6 | ||
| Unknown issuer (CUSIP: 55293N109) | $36,376 | 0.27% | 880,713 | $-12,377 | Down ×1 | ||
| TFPM Triple Flag Precious Metals Corp. Common Shares | $35,374 | 0.26% | 1,181,147 | $-5,939 | Down ×6 | ||
| DCBO Docebo Inc. - Common Shares | $27,645 | 0.20% | 1,545,997 | $361 | Down ×2 | ||
| SPYG | $27,049 | 0.20% | 227,125 | $1,449 | Down ×1 | ||
| Unknown issuer (CUSIP: 113006100) | $26,847 | 0.20% | 898,787 | $-1,719 | Down ×1 | ||
| EPRX Eupraxia Pharmaceuticals Inc. - Common Stock | $23,806 | 0.18% | 3,627,864 | $-2,571 | Down ×3 | ||
| CM Canadian Imperial Bank of Commerce Common Stock | $22,332 | 0.16% | 194,002 | $3,703 | Down ×3 | ||
| EMA Emera Incorporated Common Shares | $14,193 | 0.10% | 267,668 | $-66 | Down ×4 | ||
| MICC The Magnum Ice Cream Company N.V. Ordinary Shares | $13,828 | 0.10% | 794,297 | $-820 | Down ×1 | ||
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $13,434 | 0.10% | 154,626 | $2,486 | Down ×3 | ||
| AAPL Apple Inc. - Common Stock | $11,733 | 0.09% | 40,549 | $1,175 | Down ×5 | ||
| BEP Brookfield Renewable Partners L.P. Limited Partnership Units | $11,651 | 0.09% | 336,133 | $456 | Down ×5 | ||
| DNN | $11,338 | 0.08% | 3,697,952 | $-1,865 | Down ×6 | ||
| MSFT Microsoft Corporation - Common Stock | $10,838 | 0.08% | 29,057 | $-101 | Down ×5 | ||
| PBA Pembina Pipeline Corp. Ordinary Shares (Canada) | $10,004 | 0.07% | 216,311 | $44 | Down ×5 | ||
| JPM JP Morgan Chase & Co. Common Stock | $9,678 | 0.07% | 29,568 | $442 | Down ×2 | ||
| JNJ Johnson & Johnson Common Stock | $9,313 | 0.07% | 36,671 | $-11 | Down ×5 | ||
| JCI Johnson Controls International plc Ordinary Share | $9,116 | 0.07% | 62,395 | $301 | Down ×5 | ||
| AEM Agnico Eagle Mines Limited Common Stock | $6,086 | 0.04% | 39,187 | $-1,842 | |||
| CSCO Cisco Systems, Inc. - Common Stock | $5,297 | 0.04% | 45,100 | $-2,575 | Down ×5 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $5,168 | 0.04% | 14,627 | $808 | Down ×1 | ||
| Unknown issuer (CUSIP: 884903881) | $4,741 | 0.03% | 58,067 | Up ×1 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $4,276 | 0.03% | 8,955 | $875 | Down ×5 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $3,431 | 0.03% | 8,053 | $426 | Down ×2 | ||
| ENB Enbridge Inc Common Stock | $3,266 | 0.02% | 60,266 | $-98 | Down ×5 | ||
| EFA | $3,248 | 0.02% | 31,277 | $-422 | Down ×5 | ||
| PEP PepsiCo, Inc. - Common Stock | $3,078 | 0.02% | 22,739 | $-541 | Down ×5 | ||
| NVS Novartis AG Common Stock | $2,914 | 0.02% | 18,599 | $39 | Down ×1 | ||
| MMM 3M Company Common Stock | $2,794 | 0.02% | 17,260 | $203 | Down ×5 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $2,783 | 0.02% | 7,790 | $313 | Down ×2 | ||
| IMO | $2,662 | 0.02% | 23,717 | $-1,102 | Down ×5 | ||
| NVO Novo Nordisk A/S Common Stock | $2,656 | 0.02% | 55,413 | $536 | Down ×5 | ||
| COST Costco Wholesale Corporation - Common Stock | $2,567 | 0.02% | 2,745 | $-520 | Down ×1 | ||
| Unknown issuer (CUSIP: 438516205) | $2,367 | 0.02% | 10,573 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $2,337 | 0.02% | 10,573 | Up ×1 | |||
| CVE Cenovus Energy Inc Common Stock | $2,324 | 0.02% | 93,731 | $-202 | Down ×5 | ||
| ABT Abbott Laboratories Common Stock | $2,147 | 0.02% | 23,670 | $-375 | Down ×5 | ||
| DEO Diageo plc Common Stock | $1,933 | 0.01% | 24,060 | $-215 | Down ×5 | ||
| PG Procter & Gamble Company (The) Common Stock | $1,923 | 0.01% | 13,120 | $-26 | Down ×2 | ||
| TU Telus Corporation Ordinary Shares | $1,821 | 0.01% | 172,271 | $-515 | Down ×5 | ||
| WMT Walmart Inc. - Common Stock | $1,773 | 0.01% | 15,655 | $-388 | Down ×5 | ||
| PSLV | $1,726 | 0.01% | 92,500 | $-529 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| SNN | $1,283 | 0.01% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| WAB | Trimmed | -803K | -$184K |
| CMCSA | Trimmed | -5.3M | -$171K |
| RY | Trimmed | -1.4M | -$130K |
| MRSH | Bought more | +794K | +$127K |
| QCOM | Trimmed | -1.4M | -$119K |
| DOX | Trimmed | -670K | -$112K |
| MAS | Bought more | +545K | +$111K |
| MFC | Trimmed | -4.2M | -$108K |
| BDX | Bought more | +721K | +$103K |
| BN | Bought more | +2.2M | +$103K |
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 |
|---|---|---|---|---|
| BLKXXXX | March 31, 2025 | 255,210 | $261,618 | No longer tracked |
| IPG | Dec. 31, 2025 | 8,104,203 | $226,188 | No longer tracked |
| CPB | March 31, 2026 | 6,267,644 | $174,679 | 6.4% |
| GNTX | June 30, 2025 | 6,066,958 | $141,360 | 9.1% |
| HOG | March 31, 2026 | 6,377,492 | $130,674 | 39.7% |
| PII | June 30, 2025 | 2,790,910 | $114,259 | 61.4% |
| OTEX | June 30, 2026 | 5,118,468 | $113,698 | 11.2% |
| DOO | June 30, 2025 | 2,883,136 | $97,336 | 40.5% |
| BBU | March 31, 2026 | 584,663 | $20,716 | No longer tracked |
| BBUC | March 31, 2026 | 330,454 | $11,824 | -10.7% |
| TIXT | Sept. 30, 2025 | 2,035,150 | $7,382 | No longer tracked |
| TRI | June 30, 2026 | 59,891 | $5,388 | 29.1% |
| HON | June 30, 2026 | 21,605 | $4,883 | -1.9% |
| BRKA | Sept. 30, 2025 | 1 | $728 | No longer tracked |
| K | June 30, 2025 | 8,190 | $675 | No longer tracked |
| BEPC | June 30, 2026 | 14,073 | $559 | -9.4% |
| ULXXXX | March 31, 2026 | 7,298 | $477 | No longer tracked |
| INTC | June 30, 2025 | 17,075 | $387 | 310.4% |
| SOLS | June 30, 2026 | 4,795 | $365 | -35.5% |
| PH | March 31, 2025 | 355 | $225 | 66.5% |
| SHEL | June 30, 2025 | 2,100 | $153 | 33.2% |
| ORCL | Dec. 31, 2025 | 300 | $84 | -24.9% |
| CSX | June 30, 2025 | 2,400 | $70 | 57.7% |
| META | June 30, 2025 | 100 | $57 | -25.6% |
| COP | June 30, 2025 | 500 | $52 | 50.9% |
| SONY | June 30, 2025 | 2,000 | $50 | -8.6% |
| UPS | June 30, 2025 | 450 | $49 | 2.4% |
| AVGO | June 30, 2025 | 275 | $46 | 35.2% |
| EIX | March 31, 2026 | 750 | $45 | 0.9% |
| GLD | Sept. 30, 2025 | 150 | $45 | No longer tracked |
| VRSK | Dec. 31, 2025 | 172 | $43 | -16.8% |
| KO | Sept. 30, 2025 | 600 | $42 | 36.7% |
| BIPC | June 30, 2026 | 987 | $38 | 3.3% |
| AME | Dec. 31, 2025 | 195 | $36 | 17.2% |
| GS | June 30, 2025 | 65 | $35 | 44.7% |
| DD | Sept. 30, 2025 | 500 | $34 | 330.0% |
| CAT | June 30, 2025 | 100 | $32 | 112.2% |
| VSNT | June 30, 2026 | 837 | $30 | 7.9% |
| ET | Sept. 30, 2025 | 1,500 | $27 | 23.8% |
| SNY | June 30, 2025 | 500 | $27 | -5.5% |
| VONV | June 30, 2025 | 296 | $24 | |
| BTE | June 30, 2025 | 10,000 | $22 | 170.1% |
| LMT | June 30, 2025 | 48 | $21 | 22.8% |
| TECK | June 30, 2025 | 588 | $21 | 70.7% |
| CTVA | June 30, 2025 | 295 | $18 | 7.6% |
| BDX | March 31, 2025 | 75 | $17 | 4.8% |
| KKR | March 31, 2026 | 125 | $15 | 17.4% |
| NFLX | March 31, 2026 | 170 | $15 | -17.2% |
| TFII | March 31, 2026 | 145 | $15 | 29.5% |
| UBER | March 31, 2026 | 190 | $15 | 8.7% |
| MA | June 30, 2026 | 25 | $12 | 12.0% |
| WCN | June 30, 2026 | 76 | $12 | 1.2% |
| DHR | June 30, 2025 | 56 | $11 | 8.4% |
| DUK | March 31, 2026 | 100 | $11 | -6.7% |
| CVEWS | June 30, 2025 | 1,036 | $9 | No longer tracked |
| ED | March 31, 2026 | 100 | $9 | -4.6% |
| MUX | June 30, 2025 | 1,319 | $9 | 114.2% |
| OSK | June 30, 2025 | 101 | $9 | 36.6% |
| ADM | June 30, 2025 | 175 | $8 | 56.5% |
| PKX | June 30, 2025 | 175 | $8 | 18.8% |
| IBB | March 31, 2026 | 45 | $7 | 26.6% |
| CLOU | March 31, 2026 | 270 | $6 | |
| VRN | June 30, 2025 | 1,000 | $6 | No longer tracked |
| SBUX | March 31, 2026 | 70 | $5 | 15.7% |
| SLB | June 30, 2025 | 100 | $4 | 59.2% |
| TGT | June 30, 2025 | 40 | $4 | 64.6% |
| UNH | June 30, 2026 | 18 | $4 | -6.8% |
| VONV | Dec. 31, 2025 | 49 | $4 | |
| MEOH | March 31, 2026 | 95 | $3 | 0.0% |
| T | June 30, 2025 | 100 | $2 | -12.3% |
| BIIB | June 30, 2025 | 10 | $1 | 71.7% |
| IWD | Dec. 31, 2025 | 6 | $1 | No longer tracked |
| VLTO | June 30, 2025 | 12 | $1 | -1.8% |
| WBA | Sept. 30, 2025 | 100 | $1 | No longer tracked |
| IWD | June 30, 2025 | 1 | $0 | No longer tracked |
| NKE | June 30, 2026 | 1 | $0 | -1.2% |
| SOLV | June 30, 2026 | 12 | $0 | 14.7% |