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Caisse de Depot et Placement du Quebec (CDPQ) Portfolio holdings
AUM
$62.4B
1-Year Est. Return
23.7%
This Fund
S&P 500
This Quarter
Est. Return
+7.9%
1 Year Est. Return
+23.7%
3 Year Est. Return
+77.27%
5 Year Est. Return
+92.63%
10 Year Est. Return
+273.08%
AUM
$55.5B
AUM Growth
+$8.65B
(+18%)
Cap. Flow
+$5.78B
Cap. Flow
% of AUM
10.41%
Top 10 Holdings %
Top 10 Hldgs %
28.41%
Holding
590
New
112
Increased
244
Reduced
170
Closed
51
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$283M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$273M |
| 3 |
PepsiCo
PEP
|
+$224M |
| 4 |
Microsoft
MSFT
|
+$223M |
| 5 |
iShares MSCI USA Value Factor ETF
VLUE
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCN
Waste Connections
WCN
|
+$132M |
| 2 |
United Therapeutics
UTHR
|
+$129M |
| 3 |
Visa
V
|
+$128M |
| 4 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$122M |
| 5 |
TJX Companies
TJX
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.45% |
| 2 | Financials | 14.11% |
| 3 | Industrials | 12.44% |
| 4 | Healthcare | 10.01% |
| 5 | Communication Services | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Essex Property Trust
ESS
$18.2B
| $7.11M | 0.01% |
+26,582
| New | +$7.19M |
|
427
Centene
CNC
$32.1B
| $7.03M | 0.01% |
197,000
-886,165
| -82% | -$26.8M |
|
428
Hilton Worldwide
HLT
$70.8B
| $7M | 0.01% |
26,988
-6,438
| -19% | -$1.74M |
|
429
Coca-Cola Consolidated
COKE
$12.1B
| $6.95M | 0.01% |
59,300
-19,463
| -25% | -$2.26M |
|
430
Fair Isaac
FICO
$22.4B
| $6.92M | 0.01% |
4,623
-14,750
| -76% | -$22.2M |
|
431
KT
KT
$8.83B
| $6.88M | 0.01% |
353,004
-393,430
| -53% | -$8.02M |
|
432
Okta
OKTA
$26.1B
| $6.87M | 0.01% |
74,949
+18,534
| +33% | +$1.73M |
|
|
CMA
433
DELISTED
Comerica
CMA
| $6.85M | 0.01% |
100,000
-131,475
| -57% | -$8.85M |
|
434
Liberty Media Series C
FWONK
$25.7B
| $6.82M | 0.01% |
65,280
-22,558
| -26% | -$2.29M |
|
435
Colgate-Palmolive
CL
$73.6B
| $6.59M | 0.01% |
82,431
-29,491
| -26% | -$2.52M |
|
436
ICICI Bank
IBN
$107B
| $6.58M | 0.01% |
217,800
-17,300
| -7% | -$565K |
|
437
Morgan Stanley
MS
$338B
| $6.58M | 0.01% |
41,398
-126,162
| -75% | -$18.6M |
|
438
Elastic
ESTC
$7.94B
| $6.48M | 0.01% |
+76,700
| New | +$6.46M |
|
439
Lowe's Companies
LOW
$124B
| $6.36M | 0.01% |
+25,317
| New | +$6.22M |
|
440
Carvana
CVNA
$79.2B
| $6.31M | 0.01% |
83,640
-9,640
| -10% | -$689K |
|
441
Sun Life Financial
SLF
$44.6B
| $6.31M | 0.01% |
104,984
-159,064
| -60% | -$9.57M |
|
442
Woodward
WWD
$21.1B
| $6.09M | 0.01% |
24,100
+17,700
| +277% | +$4.4M |
|
443
Raymond James Financial
RJF
$34.6B
| $6.03M | 0.01% |
34,933
-241,203
| -87% | -$40M |
|
444
Corebridge Financial
CRBG
$14.9B
| $6.02M | 0.01% |
+187,776
| New | +$6.42M |
|
445
Cadence Design Systems
CDNS
$90.2B
| $6.02M | 0.01% |
17,130
-29,532
| -63% | -$10.2M |
|
446
Yum China
YUMC
$16.3B
| $5.78M | 0.01% |
131,850
+60,732
| +85% | +$2.76M |
|
447
Celanese
CE
$4.92B
| $5.72M | 0.01% |
+135,900
| New | +$6.76M |
|
448
MDU Resources
MDU
$4.31B
| $5.66M | 0.01% |
317,731
+248,938
| +362% | +$4.16M |
|
449
Toro Company
TTC
$9.41B
| $5.57M | 0.01% |
73,100
+43,400
| +146% | +$3.33M |
|
450
Church & Dwight Co
CHD
$24.4B
| $5.47M | 0.01% |
62,434
+45,751
| +274% | +$4.29M |
|
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Caisse de Depot et Placement du Quebec (CDPQ)'s Q3 2025 Portfolio in Review
As of Q3 2025, Caisse de Depot et Placement du Quebec (CDPQ) held 590 positions worth $55.5B, up 18% from $46.8B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Caisse de Depot et Placement du Quebec (CDPQ) deployed $5.78B of net new capital in Q3 2025, opening 112 new positions and adding to 244 existing holdings. Its largest new stake was iShares Broad USD High Yield Corporate Bond ETF: 7,557,165 shares worth $286M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was United Therapeutics, an estimated $129M trimmed.
- Caisse de Depot et Placement du Quebec (CDPQ)'s largest Q3 2025 buy was iShares Broad USD High Yield Corporate Bond ETF: 7,557,165 shares worth $286M.
- Caisse de Depot et Placement du Quebec (CDPQ) added most to PepsiCo in Q3 2025, an estimated $224M increase.
- Caisse de Depot et Placement du Quebec (CDPQ)'s biggest Q3 2025 reduction was United Therapeutics, cutting an estimated $129M.
- Caisse de Depot et Placement du Quebec (CDPQ) fully exited Waste Connections in Q3 2025, selling an estimated $132M.
- Caisse de Depot et Placement du Quebec (CDPQ)'s ten largest holdings make up 28% of its $55.5B portfolio in Q3 2025.
- Caisse de Depot et Placement du Quebec (CDPQ) opened 112 new positions and closed 51 in Q3 2025.
- Caisse de Depot et Placement du Quebec (CDPQ)'s portfolio value rose 18% quarter-over-quarter to $55.5B.
Based on Caisse de Depot et Placement du Quebec (CDPQ)'s 13F filing for Q3 2025, filed 14 Nov 2025.