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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
+5.75%
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
$933M
AUM Growth
-$286M
(-23%)
Cap. Flow
-$340M
Cap. Flow
% of AUM
-36.46%
Top 10 Holdings %
Top 10 Hldgs %
51.88%
Holding
75
New
9
Increased
14
Reduced
39
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Open Text
OTEX
|
+$13.2M |
| 2 |
FirstService
FSV
|
+$6.89M |
| 3 |
Canadian Pacific Kansas City
CP
|
+$4.26M |
| 4 |
GOOS
Canada Goose Holdings
GOOS
|
+$3.53M |
| 5 |
Weyerhaeuser
WY
|
+$2.56M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$31.1M |
| 2 |
WCN
Waste Connections
WCN
|
+$30.2M |
| 3 |
Wheaton Precious Metals
WPM
|
+$24.4M |
| 4 |
CGI
GIB
|
+$24.1M |
| 5 |
Brookfield
BN
|
+$24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.79% |
| 2 | Energy | 19.12% |
| 3 | Industrials | 12.22% |
| 4 | Materials | 11.19% |
| 5 | Technology | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Toronto Dominion Bank
TD
$199B
| $91M | 9.75% |
1,553,374
-294,454
| -16% | -$16.6M |
|
|
2
Royal Bank of Canada
RY
$283B
| $82.1M | 8.8% |
1,030,631
-397,560
| -28% | -$31.1M |
|
3
Enbridge
ENB
$110B
| $49.7M | 5.32% |
1,372,378
-370,278
| -21% | -$13.5M |
|
|
4
Brookfield
BN
$92.3B
| $47.1M | 5.04% |
2,750,633
-1,416,613
| -34% | -$24M |
|
5
Canadian National Railway
CNI
$76.2B
| $43.5M | 4.66% |
468,492
-101,240
| -18% | -$9.3M |
|
6
Suncor Energy
SU
$76.5B
| $38.4M | 4.11% |
1,227,417
-250,798
| -17% | -$8.03M |
|
|
7
Canadian Pacific Kansas City
CP
$82.7B
| $37.8M | 4.05% |
801,070
+95,315
| +14% | +$4.26M |
|
8
Scotiabank
BNS
$113B
| $37.5M | 4.02% |
696,335
-216,176
| -24% | -$11.5M |
|
9
Canadian Natural Resources
CNQ
$101B
| $29M | 3.1% |
2,188,726
-593,601
| -21% | -$8.16M |
|
10
Bank of Montreal
BMO
$120B
| $28.3M | 3.03% |
373,295
-225,913
| -38% | -$17.3M |
|
|
11
Open Text
OTEX
$6.08B
| $28M | 3% |
677,893
+332,274
| +96% | +$13.2M |
|
|
12
CGI
GIB
$15.5B
| $27.9M | 2.99% |
362,576
-331,611
| -48% | -$24.1M |
|
13
Restaurant Brands International
QSR
$27.3B
| $24.4M | 2.61% |
349,898
-281,218
| -45% | -$18.8M |
|
|
KL
14
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $22.4M | 2.4% |
519,098
+60,162
| +13% | +$2.09M |
|
|
B
15
Barrick Mining
B
$75.1B
| $21.9M | 2.35% |
1,386,276
-12,701
| -0.9% | -$169K |
|
16
TC Energy
TRP
$64.4B
| $21.6M | 2.31% |
434,365
-15,599
| -3% | -$748K |
|
17
Manulife Financial
MFC
$70.9B
| $21.3M | 2.28% |
1,167,010
-404,271
| -26% | -$7.19M |
|
|
WCN
18
Waste Connections
WCN
$41.7B
| $20.9M | 2.24% |
218,402
-327,762
| -60% | -$30.2M |
|
|
SJR
19
DELISTED
Shaw Communications Inc.
SJR
| $20.7M | 2.22% |
1,011,403
-618,787
| -38% | -$12.6M |
|
20
Agnico Eagle Mines
AEM
$104B
| $20M | 2.14% |
388,919
-65,373
| -14% | -$2.85M |
|
21
Pembina Pipeline
PBA
$27.9B
| $19.2M | 2.06% |
515,411
+50,261
| +11% | +$1.83M |
|
22
Rogers Communications
RCI
$19.8B
| $17.6M | 1.89% |
328,850
-177,650
| -35% | -$9.28M |
|
23
Nutrien
NTR
$35.1B
| $17.5M | 1.88% |
327,138
-191,643
| -37% | -$10M |
|
24
Sun Life Financial
SLF
$43.8B
| $15.8M | 1.69% |
380,063
-18,246
| -5% | -$733K |
|
25
Teck Resources
TECK
$34B
| $15.7M | 1.68% |
679,315
-276,717
| -29% | -$6.2M |
|
Similar funds
TCM
PWM
FUBT
PWM
DC
HCM
SAMT
CAM
PCJ Investment Counsel's Q2 2019 Portfolio in Review
As of Q2 2019, PCJ Investment Counsel held 75 positions worth $933M, down 23% from $1.22B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
PCJ Investment Counsel withdrew a net $340M in Q2 2019, closing 12 positions and reducing 39 holdings. Its most notable exit was Wheaton Precious Metals, an estimated $24.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 36% a quarter earlier, followed by Energy and Industrials.
Against the trend, PCJ Investment Counsel opened a new position in Weyerhaeuser worth $2.65M.
- PCJ Investment Counsel's largest Q2 2019 buy was Weyerhaeuser: 100,600 shares worth $2.65M.
- PCJ Investment Counsel added most to Open Text in Q2 2019, an estimated $13.2M increase.
- PCJ Investment Counsel's biggest Q2 2019 reduction was Royal Bank of Canada, cutting an estimated $31.1M.
- PCJ Investment Counsel fully exited Wheaton Precious Metals in Q2 2019, selling an estimated $24.4M.
- PCJ Investment Counsel's ten largest holdings make up 52% of its $933M portfolio in Q2 2019.
- PCJ Investment Counsel opened 9 new positions and closed 12 in Q2 2019.
- PCJ Investment Counsel's portfolio value fell 23% quarter-over-quarter to $933M.
Based on PCJ Investment Counsel's 13F filing for Q2 2019, filed 7 Aug 2019.