Guardian Capital (Canada) Portfolio holdings
Guardian Capital LP is the investment management arm of Guardian Capital Group, successor to a business started in 1962 as Guardian Management Ltd. It is part of Desjardins Group through Desjardins Global Asset Management, which owns Guardian Capital Group. It manages stock and bond portfolios for pension funds, insurance companies, foundations, endowments and charities, as well as mutual funds. Its Canadian stock portfolios are drawn from the S&P/TSX Composite Index and narrowed to companies that score well on growth, profitability, risk and stewardship, while its systematic strategies rank companies on factors such as earnings growth, dividend growth, value and momentum. For some strategies it hands the portfolio to the investment team at GuardCap Asset Management, a London-based affiliate.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDA Space Ltd
MDA
|
+$23.5M |
| 2 |
Analog Devices
ADI
|
+$18.3M |
| 3 |
Telesat
TSAT
|
+$14.4M |
| 4 |
Suncor Energy
SU
|
+$13.2M |
| 5 |
NVIDIA
NVDA
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$22.7M |
| 2 |
WEC Energy
WEC
|
+$17.1M |
| 3 |
Oracle
ORCL
|
+$16.8M |
| 4 |
Vistra
VST
|
+$10.6M |
| 5 |
Royal Bank of Canada
RY
|
+$9.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.9% |
| 2 | Technology | 21.88% |
| 3 | Energy | 14.53% |
| 4 | Industrials | 9.68% |
| 5 | Consumer Discretionary | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Royal Bank of Canada
RY
$281B
| $308M | 7.34% |
1,548,579
-47,725
| -3% | -$9.9M |
2013 Q2
53 quarters
|
|
2
Canadian Natural Resources
CNQ
$100B
| $195M | 4.64% |
4,129,489
+220,185
| +6% | +$10.4M |
2013 Q2
53 quarters
|
|
|
3
Suncor Energy
SU
$79.8B
| $168M | 4.01% |
2,478,811
+202,665
| +9% | +$13.2M |
2013 Q2
53 quarters
|
|
4
Agnico Eagle Mines
AEM
$90.2B
| $161M | 3.83% |
876,085
-4,329
| -0.5% | -$768K |
2015 Q1
46 quarters
|
|
5
CGI
GIB
$16.7B
| $150M | 3.58% |
2,207,307
+5,886
| +0.3% | +$417K |
2013 Q2
53 quarters
|
|
6
Toronto Dominion Bank
TD
$202B
| $144M | 3.43% |
1,221,024
-16,809
| -1% | -$2.03M |
2013 Q2
53 quarters
|
|
7
Brookfield
BN
$93B
| $124M | 2.96% |
3,365,469
+32,063
| +1% | +$1.32M |
2013 Q2
53 quarters
|
|
8
Open Text
OTEX
$5.99B
| $115M | 2.75% |
5,132,314
+34,520
| +0.7% | +$820K |
2013 Q2
53 quarters
|
|
9
Apple
AAPL
$5.16T
| $111M | 2.65% |
334,073
-15,314
| -4% | -$4.92M |
2013 Q3
52 quarters
|
|
10
Bank of Montreal
BMO
$120B
| $102M | 2.42% |
607,078
-7,849
| -1% | -$1.39M |
2013 Q2
53 quarters
|
|
11
Microsoft
MSFT
$3.88T
| $99.1M | 2.36% |
193,230
+562
| +0.3% | +$260K |
2014 Q1
50 quarters
|
|
12
Boyd Group Services
BGSI
$2.06B
| $86.4M | 2.06% |
1,097,633
+20,397
| +2% | +$1.9M |
2025 Q4
3 quarters
|
|
13
Broadcom
AVGO
$1.74T
| $85.3M | 2.03% |
242,810
+5,020
| +2% | +$1.89M |
2020 Q2
25 quarters
|
|
14
Canadian Imperial Bank of Commerce
CM
$105B
| $82.9M | 1.97% |
750,870
-36,035
| -5% | -$4.2M |
2013 Q2
53 quarters
|
|
|
15
Canadian Pacific Kansas City
CP
$82.3B
| $79.5M | 1.89% |
931,638
-250,119
| -21% | -$22.7M |
2015 Q4
43 quarters
|
|
|
16
MDA Space Ltd
MDA
$4.73B
| $78.5M | 1.87% |
2,643,040
+736,919
| +39% | +$23.5M |
2026 Q1
2 quarters
|
|
17
Shopify
SHOP
$189B
| $78.1M | 1.86% |
525,514
-8,971
| -2% | -$1.22M |
2020 Q1
26 quarters
|
|
18
ASML
ASML
$577B
| $75.4M | 1.8% |
41,623
+1,209
| +3% | +$2.1M |
2020 Q2
25 quarters
|
|
19
Alphabet (Google) Class A
GOOGL
$3.67T
| $73.2M | 1.74% |
212,840
+5,358
| +3% | +$1.86M |
2018 Q3
32 quarters
|
|
20
Restaurant Brands International
QSR
$26.3B
| $66M | 1.57% |
924,905
-17,774
| -2% | -$1.34M |
2020 Q4
23 quarters
|
|
21
Costco
COST
$484B
| $62M | 1.48% |
68,091
+1,333
| +2% | +$1.24M |
2018 Q3
32 quarters
|
|
22
Williams Companies
WMB
$86.8B
| $61.6M | 1.47% |
906,395
+24,286
| +3% | +$1.77M |
2022 Q1
18 quarters
|
|
|
23
NVIDIA
NVDA
$4.01T
| $58.6M | 1.4% |
256,494
+59,734
| +30% | +$12.8M |
2018 Q4
31 quarters
|
|
24
Manulife Financial
MFC
$72.6B
| $57.8M | 1.38% |
1,353,463
-27,317
| -2% | -$1.18M |
2013 Q2
53 quarters
|
|
25
Gildan
GIL
$6.45B
| $55.8M | 1.33% |
1,305,945
-5,917
| -0.5% | -$306K |
2025 Q3
4 quarters
|
|
Similar funds
Guardian Capital (Canada)'s Q3 2026 Portfolio in Review
As of Q3 2026, Guardian Capital (Canada) held 187 positions worth $4.2B, up 2% from $4.11B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Guardian Capital (Canada)'s Q3 2026 filing shows 13 new, 72 increased, 86 reduced and 5 closed positions. Its largest new stake was American Water Works: 94,068 shares worth $12.2M. The largest sale was Canadian Pacific Kansas City, an estimated $22.7M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 27% a quarter earlier, followed by Technology and Energy.
- Guardian Capital (Canada)'s largest Q3 2026 buy was American Water Works: 94,068 shares worth $12.2M.
- Guardian Capital (Canada) added most to MDA Space Ltd in Q3 2026, an estimated $23.5M increase.
- Guardian Capital (Canada)'s biggest Q3 2026 reduction was Canadian Pacific Kansas City, cutting an estimated $22.7M.
- Guardian Capital (Canada) fully exited WEC Energy in Q3 2026, selling an estimated $17.1M.
- Guardian Capital (Canada)'s ten largest holdings make up 38% of its $4.2B portfolio in Q3 2026.
- Guardian Capital (Canada) opened 13 new positions and closed 5 in Q3 2026.
- Guardian Capital (Canada)'s portfolio value rose 2% quarter-over-quarter to $4.2B.
Based on Guardian Capital (Canada)'s 13F filing for Q3 2026, filed 13 Nov 2026.