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PIC

PCJ Investment Counsel Portfolio holdings

AUM $352M
1-Year Est. Return 68.32%
This Fund
S&P 500
This Quarter Est. Return
+12.85%
1 Year Est. Return
+68.32%
3 Year Est. Return
+165.38%
5 Year Est. Return
+268.89%
10 Year Est. Return
+923.28%
AUM
$274M
AUM Growth
-$10.2M
Cap. Flow
-$31.8M
Cap. Flow %
-11.61%
Top 10 Hldgs %
37.88%
Holding
93
New
21
Increased
20
Reduced
25
Closed
26

Top Buys

Rank Stock Value
1
BCE icon
BCE
BCE
+$5.68M
2
URI icon
United Rentals
URI
+$4.9M
3
UNH icon
UnitedHealth
UNH
+$4.82M
4
CM icon
Canadian Imperial Bank of Commerce
CM
+$4.79M
5
AEM icon
Agnico Eagle Mines
AEM
+$4.77M

Top Sells

Rank Stock Value
1
WFG icon
West Fraser Timber
WFG
+$12.7M
2
KL
Kirkland Lake Gold Ltd Ordinary
KL
+$7.55M
3
ERF
Enerplus Corporation
ERF
+$5.75M
4
STN icon
Stantec
STN
+$5.18M
5
TCN
Tricon Residential Inc.
TCN
+$4.08M

Sector Composition

Rank Sector Weight
1 Financials 27.43%
2 Energy 21.1%
3 Materials 16.49%
4 Industrials 14.82%
5 Technology 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FNV icon
26
Franco-Nevada
FNV
$46.5B
$3.8M 1.39%
23,850
-8,300
-26% -$1.19M
GIL icon
27
Gildan
GIL
$10.6B
$3.74M 1.37%
99,810
+970
+1% +$38K
LSPD icon
28
Lightspeed Commerce
LSPD
$1.36B
$3.73M 1.36%
+122,250
New +$3.64M
DNN icon
29
Denison Mines
DNN
$2.95B
$3.59M 1.31%
2,200,000
+100,000
+5% +$141K
TIXT
30
DELISTED
TELUS International
TIXT
$3.54M 1.3%
143,470
+80,870
+129% +$2.14M
CNQ icon
31
Canadian Natural Resources
CNQ
$97.4B
$3.53M 1.29%
116,343
-17,418
-13% -$464K
AMH icon
32
American Homes 4 Rent
AMH
$12.3B
$3.2M 1.17%
80,000
-5,000
-6% -$197K
ACM icon
33
Aecom
ACM
$9.42B
$3.07M 1.12%
40,000
-30,000
-43% -$2.2M
ASTL icon
34
Algoma Steel
ASTL
$468M
$3.03M 1.11%
270,000
+70,000
+35% +$691K
TRP icon
35
TC Energy
TRP
$66B
$2.93M 1.07%
51,935
-27,460
-35% -$1.44M
SANG
36
Sangoma Technologies
SANG
$138M
$2.88M 1.05%
202,654
+47,500
+31% +$679K
SSRM icon
37
SSR Mining
SSRM
$6.4B
$2.83M 1.03%
130,000
+80,000
+160% +$1.51M
EXK
38
Endeavour Silver
EXK
$3.03B
$2.82M 1.03%
607,920
-150,000
-20% -$653K
WPM icon
39
Wheaton Precious Metals
WPM
$60.6B
$2.71M 0.99%
56,920
+41,920
+279% +$1.82M
MA icon
40
Mastercard
MA
$493B
$2.68M 0.98%
+7,500
New +$2.7M
WRB icon
41
W.R. Berkley
WRB
$26.3B
$2.66M 0.97%
60,000
+12,750
+27% +$508K
TECK icon
42
Teck Resources
TECK
$32.8B
$2.48M 0.91%
61,450
-8,980
-13% -$321K
AGI icon
43
Alamos Gold
AGI
$13.9B
$2.27M 0.83%
270,110
-344,200
-56% -$2.59M
CB icon
44
Chubb
CB
$134B
$2.14M 0.78%
+10,000
New +$2.03M
EXPE icon
45
Expedia Group
EXPE
$37.7B
$1.96M 0.72%
+10,000
New +$1.87M
UNP icon
46
Union Pacific
UNP
$174B
$1.91M 0.7%
+7,000
New +$1.77M
DSGX icon
47
Descartes Systems
DSGX
$6.86B
$1.9M 0.69%
+25,920
New +$1.87M
NXE icon
48
NexGen Energy
NXE
$6.91B
$1.84M 0.67%
325,000
+100,000
+44% +$480K
MGA icon
49
Magna International
MGA
$18.7B
$1.83M 0.67%
28,511
+2,220
+8% +$164K
VET icon
50
Vermilion Energy
VET
$1.75B
$1.78M 0.65%
+85,000
New +$1.51M
1
2
3 4

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PCJ Investment Counsel's Q1 2022 Portfolio in Review

As of Q1 2022, PCJ Investment Counsel held 93 positions worth $274M, down 3.6% from $284M the previous quarter. Its ten largest holdings account for 38% of the portfolio.

PCJ Investment Counsel withdrew a net $31.8M in Q1 2022, closing 26 positions and reducing 25 holdings. Its most notable exit was West Fraser Timber, an estimated $12.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Energy and Materials.

Against the trend, PCJ Investment Counsel opened a new position in BCE worth $5.94M.

  • PCJ Investment Counsel's largest Q1 2022 buy was BCE: 107,200 shares worth $5.94M.
  • PCJ Investment Counsel added most to Manulife Financial in Q1 2022, an estimated $3.88M increase.
  • PCJ Investment Counsel's biggest Q1 2022 reduction was Enerplus Corporation, cutting an estimated $5.75M.
  • PCJ Investment Counsel fully exited West Fraser Timber in Q1 2022, selling an estimated $12.7M.
  • PCJ Investment Counsel's ten largest holdings make up 38% of its $274M portfolio in Q1 2022.
  • PCJ Investment Counsel opened 21 new positions and closed 26 in Q1 2022.
  • PCJ Investment Counsel's portfolio value fell 3.6% quarter-over-quarter to $274M.

Based on PCJ Investment Counsel's 13F filing for Q1 2022, filed 12 May 2022.