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AC

Addenda Capital Portfolio holdings

AUM $3.68B
1-Year Est. Return 32.88%
This Fund
S&P 500
This Quarter Est. Return
+3.77%
1 Year Est. Return
+32.88%
3 Year Est. Return
+86.03%
5 Year Est. Return
+93.17%
10 Year Est. Return
+288.23%
AUM
$2.38B
AUM Growth
-$49.8M
Cap. Flow
-$82.9M
Cap. Flow %
-3.48%
Top 10 Hldgs %
37.45%
Holding
138
New
2
Increased
21
Reduced
109
Closed
6

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$11M
2
FNV icon
Franco-Nevada
FNV
+$3.22M
3
VBK icon
Vanguard Morningstar Small-Cap Growth ETF
VBK
+$2.07M
4
VSS icon
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
+$1.6M
5
T icon
AT&T
T
+$1.3M

Top Sells

Rank Stock Value
1
SJR
Shaw Communications Inc.
SJR
+$16.5M
2
ABB
ABB Ltd
ABB
+$5.66M
3
TECK icon
Teck Resources
TECK
+$3.94M
4
MSFT icon
Microsoft
MSFT
+$3.57M
5
META icon
Meta Platforms (Facebook)
META
+$3.17M

Sector Composition

Rank Sector Weight
1 Financials 26.15%
2 Energy 14.73%
3 Technology 14.3%
4 Industrials 13.39%
5 Materials 10.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TD icon
1
Toronto Dominion Bank
TD
$198B
$136M 5.7%
1,653,061
-3,285
-0.2% -$198K
RY icon
2
Royal Bank of Canada
RY
$291B
$105M 4.39%
827,158
-15,654
-2% -$1.49M
CNQ icon
3
Canadian Natural Resources
CNQ
$99.4B
$96.7M 4.06%
2,564,626
-85,298
-3% -$2.43M
CP icon
4
Canadian Pacific Kansas City
CP
$78.1B
$89.9M 3.77%
838,947
-20,859
-2% -$1.65M
BMO icon
5
Bank of Montreal
BMO
$126B
$89.3M 3.75%
746,302
-6,947
-0.9% -$614K
BN icon
6
Brookfield
BN
$104B
$84M 3.53%
2,825,819
-14,845
-0.5% -$315K
ENB icon
7
Enbridge
ENB
$119B
$79.4M 3.33%
1,613,173
-39,353
-2% -$1.5M
BNS icon
8
Scotiabank
BNS
$107B
$79.2M 3.32%
1,194,498
+734
+0.1% +$36.4K
CNI icon
9
Canadian National Railway
CNI
$76.9B
$72.1M 3.03%
449,627
-10,622
-2% -$1.26M
GIB icon
10
CGI
GIB
$15.1B
$61.3M 2.57%
438,712
-10,875
-2% -$1.11M
TRP icon
11
TC Energy
TRP
$70.2B
$58.6M 2.46%
1,075,893
-19,309
-2% -$788K
FNV icon
12
Franco-Nevada
FNV
$41.1B
$56M 2.35%
296,789
+21,439
+8% +$3.22M
RCI icon
13
Rogers Communications
RCI
$18.3B
$48.9M 2.05%
803,202
-15,555
-2% -$729K
WPM icon
14
Wheaton Precious Metals
WPM
$49.5B
$44.6M 1.87%
778,335
-12,740
-2% -$605K
NTR icon
15
Nutrien
NTR
$33.2B
$43.3M 1.82%
549,366
+9,144
+2% +$582K
SHOP icon
16
Shopify
SHOP
$152B
$41.5M 1.74%
484,615
-9,510
-2% -$538K
SU icon
17
Suncor Energy
SU
$79.4B
$41.2M 1.73%
1,059,782
-26,497
-2% -$792K
MSFT icon
18
Microsoft
MSFT
$3.45T
$39.4M 1.65%
115,623
-11,398
-9% -$3.57M
MFC icon
19
Manulife Financial
MFC
$73.9B
$39.3M 1.65%
1,570,147
-31,910
-2% -$609K
WCN
20
Waste Connections
WCN
$42.2B
$38.5M 1.62%
203,565
-4,572
-2% -$638K
B
21
Barrick Mining
B
$61.5B
$37.7M 1.58%
1,682,215
+602,895
+56% +$11M
BCE icon
22
BCE
BCE
$20.2B
$36.4M 1.53%
593,808
-12,518
-2% -$583K
CCJ icon
23
Cameco
CCJ
$37.6B
$36.3M 1.52%
875,425
-21,579
-2% -$607K
TECK icon
24
Teck Resources
TECK
$29.6B
$34.5M 1.45%
619,211
-91,750
-13% -$3.94M
QSR icon
25
Restaurant Brands International
QSR
$25.7B
$33.2M 1.39%
320,767
-6,860
-2% -$495K
1
2 3 4 5

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EPIM
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Addenda Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Addenda Capital held 138 positions worth $2.38B, down 2% from $2.43B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Addenda Capital withdrew a net $82.9M in Q2 2023, closing 6 positions and reducing 109 holdings. Its most notable exit was Shaw Communications Inc., an estimated $16.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 26% a quarter earlier, followed by Energy and Technology.

Against the trend, Addenda Capital opened a new position in Vanguard Morningstar Small-Cap Growth ETF worth $2.18M.

  • Addenda Capital's largest Q2 2023 buy was Vanguard Morningstar Small-Cap Growth ETF: 9,500 shares worth $2.18M.
  • Addenda Capital added most to Barrick Mining in Q2 2023, an estimated $11M increase.
  • Addenda Capital's biggest Q2 2023 reduction was Teck Resources, cutting an estimated $3.94M.
  • Addenda Capital fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $16.5M.
  • Addenda Capital's ten largest holdings make up 37% of its $2.38B portfolio in Q2 2023.
  • Addenda Capital opened 2 new positions and closed 6 in Q2 2023.
  • Addenda Capital's portfolio value fell 2% quarter-over-quarter to $2.38B.

Based on Addenda Capital's 13F filing for Q2 2023, filed 21 Jul 2023.