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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
+12.84%
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
$2.56B
AUM Growth
+$263M
Cap. Flow
+$29.9M
Cap. Flow %
1.17%
Top 10 Hldgs %
38.05%
Holding
132
New
1
Increased
46
Reduced
79
Closed
2

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$23.9M
2
WPM icon
Wheaton Precious Metals
WPM
+$9.99M
3
BMO icon
Bank of Montreal
BMO
+$8.72M
4
QSR icon
Restaurant Brands International
QSR
+$3.41M
5
AVGO icon
Broadcom
AVGO
+$3.39M

Top Sells

Rank Stock Value
1
FNV icon
Franco-Nevada
FNV
+$23.7M
2
VMW
VMware, Inc
VMW
+$7.75M
3
HRL icon
Hormel Foods
HRL
+$2.83M
4
MSFT icon
Microsoft
MSFT
+$1.54M
5
JNJ icon
Johnson & Johnson
JNJ
+$1.03M

Sector Composition

Rank Sector Weight
1 Financials 26.94%
2 Technology 15.23%
3 Energy 14.99%
4 Industrials 12.84%
5 Materials 9.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TD icon
1
Toronto Dominion Bank
TD
$198B
$139M 5.45%
1,628,442
-2,271
-0.1% -$136K
CNQ icon
2
Canadian Natural Resources
CNQ
$96.9B
$118M 4.62%
2,690,670
+5,934
+0.2% +$192K
RY icon
3
Royal Bank of Canada
RY
$291B
$112M 4.38%
836,019
+16,964
+2% +$1.49M
BMO icon
4
Bank of Montreal
BMO
$125B
$111M 4.35%
848,655
+104,490
+14% +$8.72M
BN icon
5
Brookfield
BN
$102B
$99.3M 3.88%
2,803,788
+12,528
+0.4% +$284K
CP icon
6
Canadian Pacific Kansas City
CP
$82B
$87.1M 3.4%
829,502
+384
+0% +$28.1K
ENB icon
7
Enbridge
ENB
$124B
$79.3M 3.1%
1,661,509
+14,231
+0.9% +$480K
BNS icon
8
Scotiabank
BNS
$106B
$76.9M 3%
1,191,484
+21,772
+2% +$958K
SHOP icon
9
Shopify
SHOP
$148B
$75.7M 2.96%
733,742
+4,697
+0.6% +$300K
CNI icon
10
Canadian National Railway
CNI
$78.3B
$74.6M 2.91%
447,723
+995
+0.2% +$113K
B
11
Barrick Mining
B
$62.2B
$74.3M 2.9%
3,105,335
+1,454,220
+88% +$23.9M
GIB icon
12
CGI
GIB
$13.9B
$61.7M 2.41%
434,867
+2,546
+0.6% +$258K
TRP icon
13
TC Energy
TRP
$73.5B
$57.4M 2.24%
1,089,146
+26,711
+3% +$974K
RCI icon
14
Rogers Communications
RCI
$17.7B
$52.5M 2.05%
839,503
+19,241
+2% +$802K
MFC icon
15
Manulife Financial
MFC
$72.6B
$45.9M 1.79%
1,568,883
+17,673
+1% +$339K
CCJ icon
16
Cameco
CCJ
$38.3B
$45.3M 1.77%
793,632
+10,863
+1% +$455K
SU icon
17
Suncor Energy
SU
$77.7B
$41.3M 1.62%
974,083
-596
-0.1% -$19.5K
QSR icon
18
Restaurant Brands International
QSR
$25.1B
$41.3M 1.61%
396,378
+49,047
+14% +$3.41M
NTR icon
19
Nutrien
NTR
$32.7B
$41.2M 1.61%
546,783
+3,876
+0.7% +$219K
WPM icon
20
Wheaton Precious Metals
WPM
$50.6B
$40.5M 1.58%
619,975
+220,880
+55% +$9.99M
WCN
21
Waste Connections
WCN
$42.8B
$39.6M 1.55%
200,025
-886
-0.4% -$122K
MSFT icon
22
Microsoft
MSFT
$2.84T
$39.2M 1.53%
104,284
-4,313
-4% -$1.54M
BCE icon
23
BCE
BCE
$19.9B
$34.7M 1.36%
653,033
+22,369
+4% +$866K
TECK icon
24
Teck Resources
TECK
$29.5B
$34.5M 1.35%
616,409
+1,172
+0.2% +$45K
AVGO icon
25
Broadcom
AVGO
$1.82T
$30.2M 1.18%
270,900
+35,810
+15% +$3.39M
1
2 3 4 5

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EPIM
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Addenda Capital's Q4 2023 Portfolio in Review

As of Q4 2023, Addenda Capital held 132 positions worth $2.56B, up 11% from $2.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 2.3%. Addenda Capital opened 1 new position and exited 2, leaving the 132-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Technology and Energy.

  • Addenda Capital's largest Q4 2023 buy was Brookfield Infrastructure Partners: 27,340 shares worth $1.14M.
  • Addenda Capital added most to Barrick Mining in Q4 2023, an estimated $23.9M increase.
  • Addenda Capital's biggest Q4 2023 reduction was Franco-Nevada, cutting an estimated $23.7M.
  • Addenda Capital fully exited VMware, Inc in Q4 2023, selling an estimated $7.75M.
  • Addenda Capital's ten largest holdings make up 38% of its $2.56B portfolio in Q4 2023.
  • Addenda Capital opened 1 new position and closed 2 in Q4 2023.
  • Addenda Capital's portfolio value rose 11% quarter-over-quarter to $2.56B.

Based on Addenda Capital's 13F filing for Q4 2023, filed 23 Jan 2024.