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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
+4.5%
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
$1.51B
AUM Growth
-$51.7M
Cap. Flow
-$118M
Cap. Flow %
-7.82%
Top 10 Hldgs %
58.22%
Holding
90
New
12
Increased
25
Reduced
36
Closed
17
Avg Time Held
1.7 years
Top 10 Avg Time Held
2.3 years
Top 20 Avg Time Held
2.3 years

Top Buys

Rank Stock Value
1
TRP icon
TC Energy
TRP
+$22.9M
2
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$14.6M
3
QSR icon
Restaurant Brands International
QSR
+$9.36M
4
MFC icon
Manulife Financial
MFC
+$7.64M
5
WCN icon
Waste Connections
WCN
+$7.15M

Top Sells

Rank Stock Value
1
POT
Potash Corp Of Saskatchewan
POT
+$31.3M
2
RY icon
Royal Bank of Canada
RY
+$19.8M
3
ENB icon
Enbridge
ENB
+$18.9M
4
TD icon
Toronto Dominion Bank
TD
+$13.4M
5
FNV icon
Franco-Nevada
FNV
+$13.4M

Sector Composition

Rank Sector Weight
1 Financials 43.65%
2 Energy 17.81%
3 Industrials 13.43%
4 Materials 8.96%
5 Technology 6.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TD icon
1
Toronto Dominion Bank
TD
$196B
$146M 9.64%
2,477,643
-234,818
-9% -$13.4M
2013 Q2
18 quarters
RY icon
2
Royal Bank of Canada
RY
$272B
$145M 9.58%
1,766,965
-249,790
-12% -$19.8M
2013 Q2
18 quarters
BNS icon
3
Scotiabank
BNS
$111B
$111M 7.37%
1,720,675
+38,307
+2% +$2.48M
2013 Q2
18 quarters
ENB icon
4
Enbridge
ENB
$104B
$78.7M 5.21%
2,004,932
-491,440
-20% -$18.9M
2016 Q3
5 quarters
CP icon
5
Canadian Pacific Kansas City
CP
$76.4B
$75.8M 5.02%
2,068,905
-86,475
-4% -$3.01M
2013 Q4
16 quarters
SU icon
6
Suncor Energy
SU
$88.5B
$70.2M 4.65%
1,907,021
-117,136
-6% -$4.07M
2013 Q2
18 quarters
MFC icon
7
Manulife Financial
MFC
$72.6B
$68.5M 4.53%
3,273,136
+367,551
+13% +$7.64M
2013 Q2
18 quarters
CNI icon
8
Canadian National Railway
CNI
$72.9B
$64.7M 4.28%
781,869
-23,928
-3% -$1.93M
2013 Q2
18 quarters
BMO icon
9
Bank of Montreal
BMO
$115B
$63.3M 4.19%
788,811
+2,790
+0.4% +$218K
2016 Q4
4 quarters
TU icon
10
Telus
TU
$13.2B
$56.8M 3.76%
2,990,348
-302,500
-9% -$5.6M
2017 Q1
3 quarters
CNQ icon
11
Canadian Natural Resources
CNQ
$107B
$56.1M 3.72%
3,197,915
+50,131
+2% +$842K
2013 Q2
18 quarters
BN icon
12
Brookfield
BN
$82.2B
$49.6M 3.28%
3,181,062
-640,971
-17% -$9.68M
2014 Q4
12 quarters
WCN icon
13
Waste Connections
WCN
$41.6B
$49.4M 3.27%
694,519
+102,299
+17% +$7.15M
2016 Q2
6 quarters
GIB icon
14
CGI
GIB
$15.5B
$41.2M 2.73%
756,768
-167,650
-18% -$8.92M
2013 Q2
18 quarters
CM icon
15
Canadian Imperial Bank of Commerce
CM
$102B
$39.1M 2.59%
800,242
+42,520
+6% +$1.94M
2014 Q3
13 quarters
QSR icon
16
Restaurant Brands International
QSR
$25.8B
$36.2M 2.39%
586,741
+145,920
+33% +$9.36M
2015 Q1
11 quarters
AEM icon
17
Agnico Eagle Mines
AEM
$95B
$34.9M 2.31%
754,252
-78,240
-9% -$3.49M
2014 Q1
15 quarters
OVV icon
18
Ovintiv
OVV
$18.3B
$34.1M 2.26%
510,152
-190,966
-27% -$11.3M
2014 Q2
14 quarters
TECK icon
19
Teck Resources
TECK
$32.3B
$29.7M 1.97%
1,133,762
+238,630
+27% +$5.44M
2017 Q1
3 quarters
OTEX icon
20
Open Text
OTEX
$6.25B
$29.2M 1.93%
817,394
-114,930
-12% -$3.83M
2013 Q2
18 quarters
TRP icon
21
TC Energy
TRP
$62.2B
$22.9M 1.52%
+469,555
New +$22.9M
2017 Q4
0 quarters
BCE icon
22
BCE
BCE
$18.8B
$21.1M 1.4%
438,791
-110,298
-20% -$5.25M
2015 Q4
8 quarters
MGA icon
23
Magna International
MGA
$17.8B
$20.9M 1.38%
367,160
-45,442
-11% -$2.5M
2013 Q2
18 quarters
B icon
24
Barrick Mining
B
$66.7B
$20.4M 1.35%
1,403,698
-287,510
-17% -$4.24M
2017 Q1
3 quarters
SLF icon
25
Sun Life Financial
SLF
$43.7B
$19.6M 1.3%
473,649
-99,380
-17% -$3.96M
2013 Q3
17 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 2017 Portfolio in Review

As of Q4 2017, PCJ Investment Counsel held 90 positions worth $1.51B, down 3.3% from $1.56B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

PCJ Investment Counsel withdrew a net $118M in Q4 2017, closing 17 positions and reducing 36 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $31.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 42% a quarter earlier, followed by Energy and Industrials.

Against the trend, PCJ Investment Counsel opened a new position in TC Energy worth $22.9M.

  • PCJ Investment Counsel's largest Q4 2017 buy was TC Energy: 469,555 shares worth $22.9M.
  • PCJ Investment Counsel added most to Restaurant Brands International in Q4 2017, an estimated $9.36M increase.
  • PCJ Investment Counsel's biggest Q4 2017 reduction was Royal Bank of Canada, cutting an estimated $19.8M.
  • PCJ Investment Counsel fully exited Potash Corp Of Saskatchewan in Q4 2017, selling an estimated $31.3M.
  • PCJ Investment Counsel's ten largest holdings make up 58% of its $1.51B portfolio in Q4 2017.
  • PCJ Investment Counsel opened 12 new positions and closed 17 in Q4 2017.
  • PCJ Investment Counsel's portfolio value fell 3.3% quarter-over-quarter to $1.51B.

Based on PCJ Investment Counsel's 13F filing for Q4 2017, filed 9 Feb 2018.