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BGC

Beutel, Goodman & Co Portfolio holdings

AUM $14.8B
1-Year Est. Return 15.12%
This Fund
S&P 500
This Quarter Est. Return
+3.57%
1 Year Est. Return
+15.12%
3 Year Est. Return
+34.26%
5 Year Est. Return
+43.91%
10 Year Est. Return
+148.5%
AUM
$16.3B
AUM Growth
-$326M
Cap. Flow
-$814M
Cap. Flow %
-5%
Top 10 Hldgs %
31.13%
Holding
180
New
4
Increased
24
Reduced
82
Closed
6

Top Buys

Rank Stock Value
1
BGSI
Boyd Group Services
BGSI
+$252M
2
CNQ icon
Canadian Natural Resources
CNQ
+$202M
3
OMC icon
Omnicom Group
OMC
+$188M
4
AMP icon
Ameriprise Financial
AMP
+$88.5M
5
GFL icon
GFL Environmental
GFL
+$76.6M

Top Sells

Rank Stock Value
1
TD icon
Toronto Dominion Bank
TD
+$399M
2
IPG
Interpublic Group of Companies
IPG
+$226M
3
AXP icon
American Express
AXP
+$165M
4
QCOM icon
Qualcomm
QCOM
+$130M
5
FTS icon
Fortis
FTS
+$128M

Sector Composition

Rank Sector Weight
1 Financials 28.12%
2 Industrials 15.65%
3 Technology 13.73%
4 Healthcare 10.28%
5 Communication Services 7.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GFL icon
26
GFL Environmental
GFL
$14.1B
$308M 1.9%
7,172,103
+1,715,818
+31% +$76.6M
ELV icon
27
Elevance Health
ELV
$82.1B
$287M 1.76%
817,896
+100,074
+14% +$33.8M
AXP icon
28
American Express
AXP
$229B
$283M 1.74%
765,136
-462,011
-38% -$165M
RBA icon
29
RB Global
RBA
$21.7B
$280M 1.72%
2,717,540
-222,645
-8% -$22.6M
CNI icon
30
Canadian National Railway
CNI
$78B
$260M 1.6%
2,629,511
-1,218,404
-32% -$117M
BGSI
31
Boyd Group Services
BGSI
$3B
$251M 1.54%
+1,571,469
New +$252M
CIGI icon
32
Colliers International
CIGI
$5.21B
$236M 1.45%
1,601,611
-130,855
-8% -$19.7M
FTS icon
33
Fortis
FTS
$29.7B
$225M 1.38%
4,319,468
-2,501,908
-37% -$128M
CNQ icon
34
Canadian Natural Resources
CNQ
$93.4B
$218M 1.34%
6,434,851
+6,242,381
+3,243% +$202M
MAS icon
35
Masco
MAS
$16.4B
$210M 1.29%
3,310,790
+679,316
+26% +$44.1M
CAE icon
36
CAE Inc. Common Shares
CAE
$8.3B
$203M 1.25%
6,679,818
-516,584
-7% -$14.5M
SLF icon
37
Sun Life Financial
SLF
$46B
$198M 1.22%
3,173,364
-1,091,806
-26% -$66M
SU icon
38
Suncor Energy
SU
$75.6B
$198M 1.22%
4,454,906
-1,333,745
-23% -$56.4M
BN icon
39
Brookfield
BN
$103B
$198M 1.21%
4,301,067
-360,986
-8% -$16.5M
FNV icon
40
Franco-Nevada
FNV
$41.4B
$193M 1.18%
927,474
-72,062
-7% -$14.6M
FLS icon
41
Flowserve
FLS
$9.29B
$188M 1.15%
2,703,070
+331,195
+14% +$21.3M
OTEX icon
42
Open Text
OTEX
$5.73B
$182M 1.12%
5,567,797
-446,707
-7% -$15.9M
AMAT icon
43
Applied Materials
AMAT
$410B
$180M 1.11%
701,414
-387,258
-36% -$92.8M
CMI icon
44
Cummins
CMI
$91.3B
$175M 1.08%
343,643
-26,171
-7% -$12.2M
CPB icon
45
Campbell Soup
CPB
$6.67B
$175M 1.07%
6,267,644
-474,083
-7% -$14.3M
ATS icon
46
ATS Corp
ATS
$2.58B
$161M 0.99%
5,837,138
-493,550
-8% -$13.2M
BLK icon
47
Blackrock
BLK
$165B
$159M 0.97%
148,127
-73,995
-33% -$80.9M
SEIC icon
48
SEI Investments
SEIC
$12.2B
$154M 0.95%
1,882,427
-140,523
-7% -$11.5M
CG icon
49
Carlyle Group
CG
$16.7B
$144M 0.88%
2,435,137
-187,075
-7% -$10.6M
HOG icon
50
Harley-Davidson
HOG
$2.61B
$131M 0.8%
6,377,492
-490,490
-7% -$12.1M
1
2
3 4 5

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Beutel, Goodman & Co's Q4 2025 Portfolio in Review

As of Q4 2025, Beutel, Goodman & Co held 180 positions worth $16.3B, down 2% from $16.6B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Beutel, Goodman & Co withdrew a net $814M in Q4 2025, closing 6 positions and reducing 82 holdings. Its most notable exit was Interpublic Group of Companies, an estimated $226M position sold in full.

By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 30% a quarter earlier, followed by Industrials and Technology.

Against the trend, Beutel, Goodman & Co opened a new position in Boyd Group Services worth $251M.

  • Beutel, Goodman & Co's largest Q4 2025 buy was Boyd Group Services: 1,571,469 shares worth $251M.
  • Beutel, Goodman & Co added most to Canadian Natural Resources in Q4 2025, an estimated $202M increase.
  • Beutel, Goodman & Co's biggest Q4 2025 reduction was Toronto Dominion Bank, cutting an estimated $399M.
  • Beutel, Goodman & Co fully exited Interpublic Group of Companies in Q4 2025, selling an estimated $226M.
  • Beutel, Goodman & Co's ten largest holdings make up 31% of its $16.3B portfolio in Q4 2025.
  • Beutel, Goodman & Co opened 4 new positions and closed 6 in Q4 2025.
  • Beutel, Goodman & Co's portfolio value fell 2% quarter-over-quarter to $16.3B.

Based on Beutel, Goodman & Co's 13F filing for Q4 2025, filed 13 Feb 2026.