We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
526
Vail Resorts
MTN
$5.26B
| $778K | ﹤0.01% |
+5,200
| New | +$807K |
|
527
Lockheed Martin
LMT
$138B
| $757K | ﹤0.01% |
1,517
-12,065
| -89% | -$5.47M |
|
528
Kenvue
KVUE
$36.6B
| $682K | ﹤0.01% |
+42,000
| New | +$857K |
|
529
Autohome
ATHM
$2.65B
| $662K | ﹤0.01% |
+23,200
| New | +$656K |
|
530
Federal Signal
FSS
$7.86B
| $455K | ﹤0.01% |
+3,825
| New | +$459K |
|
531
Welltower
WELL
$163B
| $412K | ﹤0.01% |
2,312
+634
| +38% | +$104K |
|
532
Tractor Supply
TSCO
$18.4B
| $379K | ﹤0.01% |
+6,656
| New | +$392K |
|
533
Eagle Materials
EXP
$6.57B
| $332K | ﹤0.01% |
1,426
+50
| +4% | +$11.3K |
|
534
Gen Digital
GEN
$17.4B
| $309K | ﹤0.01% |
10,870
-161,699
| -94% | -$4.84M |
|
535
Aflac
AFL
$60.7B
| $268K | ﹤0.01% |
2,401
-367,066
| -99% | -$38.6M |
|
536
Quest Diagnostics
DGX
$26.2B
| $266K | ﹤0.01% |
1,396
-29
| -2% | -$5.15K |
|
537
Keurig Dr Pepper
KDP
$39.7B
| $230K | ﹤0.01% |
+9,027
| New | +$283K |
|
538
Hamilton Lane
HLNE
$5.78B
| $226K | ﹤0.01% |
+1,679
| New | +$253K |
|
539
Kraft Heinz
KHC
$29.2B
| $224K | ﹤0.01% |
8,592
-2,037
| -19% | -$55.3K |
|
540
Assurant
AIZ
$13.9B
| – | – |
-60,818
| Closed | -$12M |
|
541
Abercrombie & Fitch
ANF
$5.24B
| – | – |
-84,945
| Closed | -$7.04M |
|
|
ANSS
542
DELISTED
Ansys
ANSS
| – | – |
-48,700
| Closed | -$17.1M |
|
|
AXON
543
Axon Enterprise
AXON
$51.7B
| – | – |
-8,900
| Closed | -$7.37M |
|
544
Acuity Brands
AYI
$10.7B
| – | – |
-118,452
| Closed | -$35.3M |
|
545
Builders FirstSource
BLDR
$8.08B
| – | – |
-149,966
| Closed | -$17.5M |
|
546
Broadridge
BR
$19.5B
| – | – |
-85,056
| Closed | -$20.7M |
|
547
Crown Castle
CCI
$31.3B
| – | – |
-82,378
| Closed | -$8.46M |
|
548
Delta Air Lines
DAL
$59.5B
| – | – |
-88,796
| Closed | -$4.37M |
|
549
Dropbox
DBX
$7.41B
| – | – |
-650,684
| Closed | -$18.6M |
|
550
Deere & Co
DE
$167B
| – | – |
-21,008
| Closed | -$10.7M |
|
Similar funds
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.