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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
+4.43%
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
$1.75B
AUM Growth
-$43.4M
(-2.4%)
Cap. Flow
-$84M
Cap. Flow
% of AUM
-4.79%
Top 10 Holdings %
Top 10 Hldgs %
56.21%
Holding
85
New
19
Increased
16
Reduced
30
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of Montreal
BMO
|
+$72.1M |
| 2 |
Fortis
FTS
|
+$34.7M |
| 3 |
Cenovus Energy
CVE
|
+$33.6M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$17.8M |
| 5 |
Methanex
MEOH
|
+$14.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Imperial Bank of Commerce
CM
|
+$34.3M |
| 2 |
PRMW
Primo Water Corporation
PRMW
|
+$31.3M |
| 3 |
GG
Goldcorp Inc
GG
|
+$26.6M |
| 4 |
VRN
Veren
VRN
|
+$24.8M |
| 5 |
Pembina Pipeline
PBA
|
+$23.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.38% |
| 2 | Energy | 18.84% |
| 3 | Industrials | 11.66% |
| 4 | Materials | 9.63% |
| 5 | Consumer Discretionary | 6.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
United Rentals
URI
$72.4B
| $1.06M | 0.06% |
+10,000
| New | +$910K |
|
52
Weyerhaeuser
WY
$18.4B
| $1.05M | 0.06% |
+35,000
| New | +$1.08M |
|
|
KLDX
53
DELISTED
KLONDEX MINES LTD
KLDX
| $977K | 0.06% |
209,686
-41,000
| -16% | -$203K |
|
54
Hudbay
HBM
$12.3B
| $973K | 0.06% |
+169,940
| New | +$909K |
|
|
AAV
55
DELISTED
Advantage Oil & Gas Ltd
AAV
| $951K | 0.05% |
139,788
-27,370
| -16% | -$192K |
|
56
VanEck Junior Gold Miners ETF
GDXJ
$8.46B
| $946K | 0.05% |
30,000
+1,500
| +5% | +$54.5K |
|
57
Allegion
ALLE
$14.4B
| $890K | 0.05% |
13,900
| – | – |
|
58
JPMorgan Chase
JPM
$950B
| $863K | 0.05% |
+10,000
| New | +$763K |
|
|
SAND
59
DELISTED
Sandstorm Gold
SAND
| $788K | 0.05% |
200,483
+5,460
| +3% | +$22.9K |
|
|
NSU
60
DELISTED
Nevsun Resources Ltd.
NSU
| $767K | 0.04% |
247,709
-84,580
| -25% | -$256K |
|
61
FirstService
FSV
$6.32B
| $620K | 0.04% |
13,049
-2,560
| -16% | -$112K |
|
|
OSB
62
DELISTED
Norbord Inc.
OSB
| $574K | 0.03% |
22,710
-126,810
| -85% | -$3.16M |
|
|
EXK
63
Endeavour Silver
EXK
$2.83B
| $568K | 0.03% |
+160,400
| New | +$647K |
|
|
PDS
64
Precision Drilling
PDS
$974M
| $545K | 0.03% |
5,000
| – | – |
|
65
Masco
MAS
$15.3B
| $474K | 0.03% |
15,000
-25,700
| -63% | -$824K |
|
66
TransAlta
TAC
$3.93B
| $471K | 0.03% |
+85,000
| New | +$406K |
|
|
ERF
67
DELISTED
Enerplus Corporation
ERF
| $190K | 0.01% |
+20,000
| New | +$159K |
|
|
AMWD
68
DELISTED
American Woodmark
AMWD
| – | – |
-18,600
| Closed | -$1.5M |
|
69
Celestica
CLS
$36.5B
| – | – |
-48,703
| Closed | -$526K |
|
70
Fortuna Silver Mines
FSM
$3.07B
| – | – |
-141,590
| Closed | -$1.02M |
|
71
VanEck Gold Miners ETF
GDX
$27.4B
| – | – |
-49,500
| Closed | -$1.31M |
|
72
Lennar Class A
LEN
$21.2B
| – | – |
-34,143
| Closed | -$1.38M |
|
73
Mohawk Industries
MHK
$9.22B
| – | – |
-7,000
| Closed | -$1.4M |
|
74
Owens Corning
OC
$12.4B
| – | – |
-45,500
| Closed | -$2.43M |
|
|
75
Pembina Pipeline
PBA
$27.6B
| – | – |
-765,447
| Closed | -$23.3M |
|
Similar funds
EC
ACA
MCMU
ES
BL
AW
FWC
SMC
PCJ Investment Counsel's Q4 2016 Portfolio in Review
As of Q4 2016, PCJ Investment Counsel held 85 positions worth $1.75B, down 2.4% from $1.8B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
PCJ Investment Counsel withdrew a net $84M in Q4 2016, closing 18 positions and reducing 30 holdings. Its most notable exit was Veren, an estimated $24.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 39% a quarter earlier, followed by Energy and Industrials.
Against the trend, PCJ Investment Counsel opened a new position in Bank of Montreal worth $77.9M.
- PCJ Investment Counsel's largest Q4 2016 buy was Bank of Montreal: 1,081,400 shares worth $77.9M.
- PCJ Investment Counsel added most to Potash Corp Of Saskatchewan in Q4 2016, an estimated $17.8M increase.
- PCJ Investment Counsel's biggest Q4 2016 reduction was Canadian Imperial Bank of Commerce, cutting an estimated $34.3M.
- PCJ Investment Counsel fully exited Veren in Q4 2016, selling an estimated $24.8M.
- PCJ Investment Counsel's ten largest holdings make up 56% of its $1.75B portfolio in Q4 2016.
- PCJ Investment Counsel opened 19 new positions and closed 18 in Q4 2016.
- PCJ Investment Counsel's portfolio value fell 2.4% quarter-over-quarter to $1.75B.
Based on PCJ Investment Counsel's 13F filing for Q4 2016, filed 13 Feb 2017.