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PIC
PCJ Investment Counsel Portfolio holdings
AUM
$348M
1-Year Est. Return
54.69%
This Fund
S&P 500
This Quarter
Est. Return
+4.56%
1 Year Est. Return
+54.69%
3 Year Est. Return
+163.85%
5 Year Est. Return
+241.17%
10 Year Est. Return
+907.22%
AUM
$348M
AUM Growth
-$4.17M
(-1.2%)
Cap. Flow
-$4.63M
Cap. Flow
% of AUM
-1.33%
Top 10 Holdings %
Top 10 Hldgs %
38.37%
Holding
68
New
9
Increased
25
Reduced
28
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransAlta
TAC
|
+$8.63M |
| 2 |
Hudbay
HBM
|
+$7.93M |
| 3 |
Scotiabank
BNS
|
+$7.29M |
| 4 |
US Global Jets ETF
JETS
|
+$5.81M |
| 5 |
OGC
OceanaGold Corp
OGC
|
+$4.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CAE Inc
CAE
|
+$11.5M |
| 2 |
BGSI
Boyd Group Services
BGSI
|
+$9.86M |
| 3 |
GFL Environmental
GFL
|
+$7.84M |
| 4 |
BBUC
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
|
+$6.54M |
| 5 |
Brookfield Renewable
BEP
|
+$5.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 27.25% |
| 2 | Energy | 21.47% |
| 3 | Financials | 18.92% |
| 4 | Industrials | 17.37% |
| 5 | Utilities | 6.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
USAS
51
Americas Gold and Silver
USAS
$1.84B
| $2.18M | 0.63% |
461,860
+3,610
| +0.8% | +$20.8K |
|
|
CGAU
52
Centerra Gold
CGAU
$4.59B
| $2.12M | 0.61% |
133,940
-121,330
| -48% | -$2.13M |
|
53
Fortis
FTS
$27.9B
| $2M | 0.58% |
34,990
-14,680
| -30% | -$828K |
|
54
Kinross Gold
KGC
$37.1B
| $1.7M | 0.49% |
71,670
-15,950
| -18% | -$469K |
|
55
Telesat
TSAT
$652M
| $1.58M | 0.45% |
+31,180
| New | +$1.51M |
|
56
RB Global
RBA
$15.9B
| $1.37M | 0.4% |
11,800
-1,935
| -14% | -$204K |
|
|
SSMR
57
Sunshine Silver Mining & Refining Company
SSMR
$2.61B
| $1.32M | 0.38% |
+100,000
| New | +$1.41M |
|
58
Nutrien
NTR
$35.1B
| $1.3M | 0.37% |
20,700
-8,590
| -29% | -$601K |
|
|
DCBO
59
Docebo
DCBO
$637M
| $1.17M | 0.34% |
+65,500
| New | +$1.16M |
|
60
Gildan
GIL
$9.84B
| $1.14M | 0.33% |
22,131
+14,220
| +180% | +$816K |
|
|
BGSI
61
Boyd Group Services
BGSI
$2.39B
| $387K | 0.11% |
4,092
-89,801
| -96% | -$9.86M |
|
|
WCN
62
Waste Connections
WCN
$41.7B
| $291K | 0.08% |
1,750
-320
| -15% | -$50.7K |
|
63
Alamos Gold
AGI
$15.4B
| – | – |
-33,820
| Closed | -$1.5M |
|
|
64
Brookfield Renewable
BEP
$9.52B
| – | – |
-170,580
| Closed | -$5.57M |
|
65
Carvana
CVNA
$53.3B
| – | – |
-32,480
| Closed | -$2.04M |
|
|
66
GFL Environmental
GFL
$15.5B
| – | – |
-187,807
| Closed | -$7.84M |
|
67
CGI
GIB
$15.5B
| – | – |
-20,780
| Closed | -$1.52M |
|
|
ORLA
68
DELISTED
Orla Mining
ORLA
| – | – |
-305,180
| Closed | -$4.91M |
|
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HCM
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PCJ Investment Counsel's Q2 2026 Portfolio in Review
As of Q2 2026, PCJ Investment Counsel held 68 positions worth $348M, down 1.2% from $352M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
PCJ Investment Counsel's Q2 2026 filing shows 9 new, 25 increased, 28 reduced and 6 closed positions. Its largest new stake was TransAlta: 653,290 shares worth $9.03M. The largest sale was CAE Inc, an estimated $11.5M.
By sector, the portfolio is most concentrated in Materials at 27% of assets, down from 29% a quarter earlier, followed by Energy and Financials.
- PCJ Investment Counsel's largest Q2 2026 buy was TransAlta: 653,290 shares worth $9.03M.
- PCJ Investment Counsel added most to Hudbay in Q2 2026, an estimated $7.93M increase.
- PCJ Investment Counsel's biggest Q2 2026 reduction was CAE Inc, cutting an estimated $11.5M.
- PCJ Investment Counsel fully exited GFL Environmental in Q2 2026, selling an estimated $7.84M.
- PCJ Investment Counsel's ten largest holdings make up 38% of its $348M portfolio in Q2 2026.
- PCJ Investment Counsel opened 9 new positions and closed 6 in Q2 2026.
- PCJ Investment Counsel's portfolio value fell 1.2% quarter-over-quarter to $348M.
Based on PCJ Investment Counsel's 13F filing for Q2 2026, filed 12 Aug 2026.