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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 | |
|---|---|---|---|---|---|---|
451
Southern Copper
SCCO
$164B
| $5.43M | 0.01% |
46,523
+15,443
| +50% | +$1.5M |
|
452
Franklin Resources
BEN
$16.9B
| $5.35M | 0.01% |
231,200
| – | – |
|
453
Agilent Technologies
A
$42.2B
| $5.25M | 0.01% |
40,891
+28,387
| +227% | +$3.43M |
|
454
Robert Half
RHI
$4.31B
| $5.23M | 0.01% |
+154,000
| New | +$5.78M |
|
455
Casey's General Stores
CASY
$30.7B
| $5.1M | 0.01% |
+9,029
| New | +$4.72M |
|
456
Revolution Medicines
RVMD
$44.1B
| $5.06M | 0.01% |
+108,400
| New | +$4.24M |
|
457
Grand Canyon Education
LOPE
$3.76B
| $4.98M | 0.01% |
+22,700
| New | +$4.36M |
|
458
Loews
L
$23.1B
| $4.89M | 0.01% |
48,751
-2,206
| -4% | -$209K |
|
459
Madison Square Garden
MSGS
$9.47B
| $4.68M | 0.01% |
+20,600
| New | +$4.22M |
|
460
Ecolab
ECL
$79.8B
| $4.65M | 0.01% |
16,981
-188,623
| -92% | -$51.2M |
|
461
United Airlines
UAL
$41B
| $4.6M | 0.01% |
47,694
-166,556
| -78% | -$16M |
|
462
Teradyne
TER
$59.3B
| $4.55M | 0.01% |
+33,065
| New | +$3.61M |
|
|
PRMB
463
Primo Brands
PRMB
$8.56B
| $4.48M | 0.01% |
+202,500
| New | +$5.24M |
|
464
Alkami Technology
ALKT
$2.12B
| $4.46M | 0.01% |
179,676
+25,245
| +16% | +$645K |
|
465
Commault Systems
CVLT
$5.78B
| $4.33M | 0.01% |
22,955
-252,709
| -92% | -$45.6M |
|
466
Marriott International
MAR
$91.1B
| $4.27M | 0.01% |
+16,399
| New | +$4.4M |
|
467
Commercial Metals
CMC
$7.97B
| $4.26M | 0.01% |
+74,380
| New | +$4.11M |
|
468
Oshkosh
OSK
$9.62B
| $4.13M | 0.01% |
+31,875
| New | +$4.23M |
|
469
Autodesk
ADSK
$53.1B
| $3.98M | 0.01% |
12,535
-28,816
| -70% | -$8.78M |
|
470
Federal Realty Investment Trust
FRT
$10.1B
| $3.92M | 0.01% |
38,700
-26,500
| -41% | -$2.56M |
|
471
MACOM Technology Solutions
MTSI
$22.9B
| $3.79M | 0.01% |
+30,459
| New | +$4.02M |
|
472
Atlassian
TEAM
$39.1B
| $3.7M | 0.01% |
23,146
-19,397
| -46% | -$3.51M |
|
473
Ferguson
FERG
$48.8B
| $3.62M | 0.01% |
+16,110
| New | +$3.65M |
|
474
American Tower
AMT
$79B
| $3.52M | 0.01% |
18,283
| – | – |
|
475
MasTec
MTZ
$21.9B
| $3.51M | 0.01% |
+16,500
| New | +$3.02M |
|
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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.