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PIC

PCJ Investment Counsel Portfolio holdings

AUM $348M Turnover 22.06%
1-Year Est. Return 54.69%
This Fund
S&P 500
This Quarter Est. Return
+4.43%
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
$1.75B
AUM Growth
-$43.4M
Cap. Flow
-$84M
Cap. Flow %
-4.79%
Top 10 Hldgs %
56.21%
Holding
85
New
19
Increased
16
Reduced
30
Closed
18
Avg Time Held
1.3 years
Top 10 Avg Time Held
1.6 years
Top 20 Avg Time Held
1.7 years

Top Buys

Rank Stock Value
1
BMO icon
Bank of Montreal
BMO
+$72.1M
2
FTS icon
Fortis
FTS
+$34.7M
3
CVE icon
Cenovus Energy
CVE
+$33.6M
4
POT
Potash Corp Of Saskatchewan
POT
+$17.8M
5
MEOH icon
Methanex
MEOH
+$14.7M

Top Sells

Rank Stock Value
1
CM icon
Canadian Imperial Bank of Commerce
CM
+$34.3M
2
PRMW icon
Primo Water Corporation
PRMW
+$31.3M
3
GG
Goldcorp Inc
GG
+$26.6M
4
VRN icon
Veren
VRN
+$24.8M
5
PBA icon
Pembina Pipeline
PBA
+$23.3M

Sector Composition

Rank Sector Weight
1 Financials 44.38%
2 Energy 18.84%
3 Industrials 11.66%
4 Materials 9.73%
5 Consumer Discretionary 6.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TD icon
1
Toronto Dominion Bank
TD
$197B
$170M 9.69%
3,438,767
-393,470
-10% -$18.4M
2013 Q2
14 quarters
RY icon
2
Royal Bank of Canada
RY
$274B
$169M 9.63%
2,490,757
-199,708
-7% -$12.9M
2013 Q2
14 quarters
BNS icon
3
Scotiabank
BNS
$111B
$117M 6.65%
2,090,935
-244,128
-10% -$13.3M
2013 Q2
14 quarters
MFC icon
4
Manulife Financial
MFC
$72.9B
$89.9M 5.13%
5,039,857
+667,695
+15% +$10.9M
2013 Q2
14 quarters
BMO icon
5
Bank of Montreal
BMO
$116B
$77.9M 4.45%
+1,081,400
New +$72.1M
2016 Q4
0 quarters
ENB icon
6
Enbridge
ENB
$107B
$77.3M 4.41%
1,834,750
-80,000
-4% -$3.41M
2016 Q3
1 quarter
SU icon
7
Suncor Energy
SU
$90.7B
$75.8M 4.33%
2,316,309
-387,620
-14% -$11.9M
2013 Q2
14 quarters
CP icon
8
Canadian Pacific Kansas City
CP
$76.3B
$72.2M 4.12%
2,527,530
-10,575
-0.4% -$312K
2013 Q4
12 quarters
CNI icon
9
Canadian National Railway
CNI
$73.1B
$68.4M 3.9%
1,014,662
-138,080
-12% -$9.11M
2013 Q2
14 quarters
TRP icon
10
TC Energy
TRP
$63.8B
$68.1M 3.89%
1,508,760
+63,250
+4% +$2.87M
2014 Q3
9 quarters
BCE icon
11
BCE
BCE
$18.9B
$55.1M 3.15%
1,273,299
-98,700
-7% -$4.36M
2015 Q4
4 quarters
BN icon
12
Brookfield
BN
$81.5B
$51.6M 2.95%
4,377,490
-788,129
-15% -$9.61M
2014 Q4
8 quarters
WCN icon
13
Waste Connections
WCN
$41.8B
$49.1M 2.8%
937,770
-321,306
-26% -$16.2M
2016 Q2
2 quarters
CNQ icon
14
Canadian Natural Resources
CNQ
$111B
$45.4M 2.59%
2,903,622
-313,814
-10% -$4.97M
2013 Q2
14 quarters
CM icon
15
Canadian Imperial Bank of Commerce
CM
$102B
$43.9M 2.5%
1,073,988
-875,080
-45% -$34.3M
2014 Q3
9 quarters
SLF icon
16
Sun Life Financial
SLF
$44B
$43.3M 2.47%
1,126,279
+98,480
+10% +$3.57M
2013 Q3
13 quarters
MGA icon
17
Magna International
MGA
$17.7B
$42.3M 2.42%
973,736
-96,430
-9% -$4.05M
2013 Q2
14 quarters
POT
18
DELISTED
Potash Corp Of Saskatchewan
POT
$41.3M 2.36%
2,280,400
+1,029,550
+82% +$17.8M
2014 Q4
8 quarters
QSR icon
19
Restaurant Brands International
QSR
$26.1B
$37.9M 2.16%
793,797
+61,939
+8% +$2.86M
2015 Q1
7 quarters
OTEX icon
20
Open Text
OTEX
$6.15B
$36.2M 2.06%
1,169,826
+419,128
+56% +$13.1M
2013 Q2
14 quarters
AEM icon
21
Agnico Eagle Mines
AEM
$94.6B
$35.7M 2.04%
847,946
-259,724
-23% -$11.5M
2014 Q1
11 quarters
FTS icon
22
Fortis
FTS
$28.4B
$34.6M 1.97%
+1,118,600
New +$34.7M
2016 Q4
0 quarters
CVE icon
23
Cenovus Energy
CVE
$60.8B
$33.8M 1.93%
+2,232,500
New +$33.6M
2016 Q4
0 quarters
FNV icon
24
Franco-Nevada
FNV
$46.4B
$33.1M 1.89%
552,179
+18,229
+3% +$1.11M
2013 Q2
14 quarters
GIB icon
25
CGI
GIB
$15.5B
$31.9M 1.82%
663,134
-5,620
-0.8% -$268K
2013 Q2
14 quarters
1
2 3 4

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TCM
Tieton Capital Management Yakima, Washington $348M AUM 45.13% 1-Year Est. Return
PWM
Pines Wealth Management Southern Pines, North Carolina $348M AUM 33.61% 1-Year Est. Return
FUBT
First United Bank & Trust Oakland, Maryland $348M AUM 25.01% 1-Year Est. Return
DC
Dorval Corp Maple Grove, Minnesota $347M AUM 9.29% 1-Year Est. Return
HCM
Highview Capital Management Buffalo Grove, Illinois $347M AUM 42.87% 1-Year Est. Return
SAMT
Select Asset Management & Trust Mechanicsburg, Pennsylvania $347M AUM 21.34% 1-Year Est. Return
CAM
CPA Asset Management West Palm Beach, Florida $347M AUM 19.81% 1-Year Est. Return
TIM
Timelo Investment Management Aurora, Ontario, Canada $349M AUM 28.06% 1-Year Est. Return

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.