We are live on ! Find out more
PIC

PCJ Investment Counsel Portfolio holdings

AUM $352M
1-Year Est. Return 68.32%
This Fund
S&P 500
This Quarter Est. Return
+3.51%
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
$256M
AUM Growth
-$40.5M
Cap. Flow
-$40.7M
Cap. Flow %
-15.92%
Top 10 Hldgs %
47.83%
Holding
79
New
10
Increased
29
Reduced
25
Closed
15

Top Buys

Rank Stock Value
1
CAE icon
CAE Inc. Common Shares
CAE
+$5.79M
2
CNQ icon
Canadian Natural Resources
CNQ
+$4.53M
3
BERY
Berry Global Group, Inc.
BERY
+$4.27M
4
RCI icon
Rogers Communications
RCI
+$4.19M
5
NGD
New Gold Inc
NGD
+$3.96M

Top Sells

Rank Stock Value
1
BN icon
Brookfield
BN
+$10.4M
2
BIP icon
Brookfield Infrastructure Partners
BIP
+$8.74M
3
URI icon
United Rentals
URI
+$7.81M
4
BBU
Brookfield Business Partners
BBU
+$7.27M
5
CIGI icon
Colliers International
CIGI
+$7M

Sector Composition

Rank Sector Weight
1 Industrials 29.56%
2 Materials 28.66%
3 Energy 14.24%
4 Financials 12.89%
5 Technology 6.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CP icon
26
Canadian Pacific Kansas City
CP
$79.6B
$3.12M 1.22%
44,440
+6,480
+17% +$493K
EQX icon
27
Equinox Gold
EQX
$13.5B
$2.96M 1.16%
431,330
+11,810
+3% +$75.7K
WPM icon
28
Wheaton Precious Metals
WPM
$60.6B
$2.84M 1.11%
36,530
+270
+0.7% +$18K
FSM icon
29
Fortuna Silver Mines
FSM
$3.18B
$2.62M 1.02%
430,700
+14,240
+3% +$70.8K
WCN
30
Waste Connections
WCN
$41.9B
$2.58M 1.01%
+13,210
New +$2.44M
SU icon
31
Suncor Energy
SU
$73.4B
$2.48M 0.97%
64,000
-122,910
-66% -$4.69M
TRP icon
32
TC Energy
TRP
$66B
$2.35M 0.92%
49,750
+19,090
+62% +$890K
GIL icon
33
Gildan
GIL
$10.6B
$2.17M 0.85%
+49,080
New +$2.44M
PBA icon
34
Pembina Pipeline
PBA
$27.8B
$2.15M 0.84%
53,800
+6,130
+13% +$230K
TSAT icon
35
Telesat
TSAT
$864M
$2.1M 0.82%
+112,800
New +$2.15M
CNI icon
36
Canadian National Railway
CNI
$75.7B
$2.04M 0.8%
20,960
-10,620
-34% -$1.07M
DNN icon
37
Denison Mines
DNN
$2.95B
$2.03M 0.79%
1,552,420
+663,730
+75% +$1.11M
AG icon
38
First Majestic Silver
AG
$9.29B
$2.01M 0.79%
+300,470
New +$1.79M
DCBO
39
Docebo
DCBO
$594M
$1.97M 0.77%
68,614
+4,978
+8% +$188K
CVLG icon
40
Covenant Logistics
CVLG
$843M
$1.91M 0.75%
+86,000
New +$2.21M
CM icon
41
Canadian Imperial Bank of Commerce
CM
$109B
$1.83M 0.72%
32,500
-16,450
-34% -$993K
AGI icon
42
Alamos Gold
AGI
$13.9B
$1.66M 0.65%
62,180
-2,570
-4% -$58K
BNS icon
43
Scotiabank
BNS
$108B
$1.64M 0.64%
34,510
-29,590
-46% -$1.48M
PAAS icon
44
Pan American Silver
PAAS
$21.8B
$1.5M 0.59%
58,000
+9,830
+20% +$235K
SKE
45
Skeena Resources
SKE
$4.1B
$1.47M 0.58%
146,260
+6,630
+5% +$66.8K
NXE icon
46
NexGen Energy
NXE
$6.91B
$1.44M 0.56%
322,140
+114,050
+55% +$674K
GFL icon
47
GFL Environmental
GFL
$14.9B
$1.39M 0.54%
28,780
-1,000
-3% -$45.3K
TRI icon
48
Thomson Reuters
TRI
$45.2B
$1.37M 0.54%
7,823
-1,113
-12% -$192K
ORLA
49
DELISTED
Orla Mining
ORLA
$1.37M 0.54%
+146,630
New +$1.04M
TU icon
50
Telus
TU
$15.1B
$1.37M 0.54%
+95,380
New +$1.4M
1
2
3 4

Similar funds

EC
Elmind Capital New York $352M AUM
ACA
Acorn Capital Advisors New York $352M AUM 299.18% 1-Year Est. Return
ES
Enavate Sciences Menlo Park, California $352M AUM 220.14% 1-Year Est. Return
BL
BCWM LLC Overland Park, Kansas $353M AUM 20.1% 1-Year Est. Return
AW
Alaethes Wealth Glenbrook, Nevada $351M AUM 22.79% 1-Year Est. Return
FWC
First Washington Corp Seattle, Washington $353M AUM 41.46% 1-Year Est. Return
SMC
Spider Management Company Richmond, Virginia $351M AUM 18.35% 1-Year Est. Return
FC
FCA Corp Houston, Texas $354M AUM 17.74% 1-Year Est. Return

PCJ Investment Counsel's Q1 2025 Portfolio in Review

As of Q1 2025, PCJ Investment Counsel held 79 positions worth $256M, down 14% from $296M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

PCJ Investment Counsel withdrew a net $40.7M in Q1 2025, closing 15 positions and reducing 25 holdings. Its most notable exit was United Rentals, an estimated $7.81M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 29% a quarter earlier, followed by Materials and Energy.

Against the trend, PCJ Investment Counsel opened a new position in New Gold Inc worth $4.94M.

  • PCJ Investment Counsel's largest Q1 2025 buy was New Gold Inc: 1,334,850 shares worth $4.94M.
  • PCJ Investment Counsel added most to CAE Inc. Common Shares in Q1 2025, an estimated $5.79M increase.
  • PCJ Investment Counsel's biggest Q1 2025 reduction was Brookfield, cutting an estimated $10.4M.
  • PCJ Investment Counsel fully exited United Rentals in Q1 2025, selling an estimated $7.81M.
  • PCJ Investment Counsel's ten largest holdings make up 48% of its $256M portfolio in Q1 2025.
  • PCJ Investment Counsel opened 10 new positions and closed 15 in Q1 2025.
  • PCJ Investment Counsel's portfolio value fell 14% quarter-over-quarter to $256M.

Based on PCJ Investment Counsel's 13F filing for Q1 2025, filed 12 May 2025.