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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
(-3.6%)
Cap. Flow
-$31.8M
Cap. Flow
% of AUM
-11.61%
Top 10 Holdings %
Top 10 Hldgs %
37.88%
Holding
93
New
21
Increased
20
Reduced
25
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCE
BCE
|
+$5.68M |
| 2 |
United Rentals
URI
|
+$4.9M |
| 3 |
UnitedHealth
UNH
|
+$4.82M |
| 4 |
Canadian Imperial Bank of Commerce
CM
|
+$4.79M |
| 5 |
Agnico Eagle Mines
AEM
|
+$4.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
West Fraser Timber
WFG
|
+$12.7M |
| 2 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$7.55M |
| 3 |
ERF
Enerplus Corporation
ERF
|
+$5.75M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
76
GFL Environmental
GFL
$15B
| – | – |
-90,490
| Closed | -$3.42M |
|
77
CGI
GIB
$15.6B
| – | – |
-31,240
| Closed | -$2.77M |
|
|
GRP.U
78
DELISTED
Granite Real Estate Investment Trust
GRP.U
| – | – |
-37,500
| Closed | -$3.13M |
|
79
Invitation Homes
INVH
$17.8B
| – | – |
-50,000
| Closed | -$2.27M |
|
|
MAG
80
DELISTED
MAG Silver
MAG
| – | – |
-125,000
| Closed | -$1.96M |
|
81
Methanex
MEOH
$4.28B
| – | – |
-10,000
| Closed | -$396K |
|
82
MGM Resorts International
MGM
$10.9B
| – | – |
-15,000
| Closed | -$673K |
|
83
Martin Marietta Materials
MLM
$33.5B
| – | – |
-3,000
| Closed | -$1.32M |
|
84
The Mosaic Company
MOS
$7.46B
| – | – |
-22,500
| Closed | -$884K |
|
85
Microsoft
MSFT
$3.72T
| – | – |
-5,000
| Closed | -$1.68M |
|
86
Open Text
OTEX
$5.88B
| – | – |
-65,020
| Closed | -$3.09M |
|
87
TransAlta
TAC
$3.94B
| – | – |
-50,000
| Closed | -$556K |
|
88
Teradyne
TER
$59.1B
| – | – |
-10,000
| Closed | -$1.64M |
|
89
TFI International
TFII
$11.5B
| – | – |
-6,720
| Closed | -$755K |
|
90
Thomson Reuters
TRI
$44.9B
| – | – |
-6,093
| Closed | -$768K |
|
91
Vulcan Materials
VMC
$37.4B
| – | – |
-12,000
| Closed | -$2.49M |
|
|
92
West Fraser Timber
WFG
$5.65B
| – | – |
-133,340
| Closed | -$12.7M |
|
|
KL
93
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| – | – |
-180,000
| Closed | -$7.55M |
|
Similar funds
EC
ACA
ES
BL
AW
FWC
SMC
FC
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.