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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 | |
|---|---|---|---|---|---|---|
1
Royal Bank of Canada
RY
$291B
| $15.3M | 5.59% |
138,819
+4,013
| +3% | +$450K |
|
|
PDS
2
Precision Drilling
PDS
$999M
| $15.1M | 5.52% |
203,560
-71,370
| -26% | -$3.78M |
|
3
Toronto Dominion Bank
TD
$198B
| $11.1M | 4.07% |
140,244
-44,178
| -24% | -$3.56M |
|
4
Bank of Montreal
BMO
$126B
| $9.63M | 3.52% |
81,841
+2,011
| +3% | +$233K |
|
5
Scotiabank
BNS
$107B
| $9.3M | 3.4% |
129,757
-22,185
| -15% | -$1.61M |
|
6
Canadian National Railway
CNI
$76.9B
| $8.84M | 3.23% |
65,910
+18,700
| +40% | +$2.34M |
|
7
CAE Inc. Common Shares
CAE
$8.3B
| $8.79M | 3.21% |
337,400
+137,400
| +69% | +$3.49M |
|
8
Brookfield
BN
$104B
| $8.79M | 3.21% |
288,397
-29,979
| -9% | -$896K |
|
9
Canadian Pacific Kansas City
CP
$78.1B
| $8.56M | 3.13% |
103,800
-12,940
| -11% | -$974K |
|
10
Enbridge
ENB
$119B
| $8.21M | 3% |
178,318
+16,600
| +10% | +$711K |
|
|
ERF
11
DELISTED
Enerplus Corporation
ERF
| $7.33M | 2.68% |
578,890
-473,750
| -45% | -$5.75M |
|
12
Manulife Financial
MFC
$73.9B
| $7.07M | 2.58% |
331,411
+189,250
| +133% | +$3.88M |
|
13
Nutrien
NTR
$33.2B
| $6.29M | 2.3% |
60,825
-36,520
| -38% | -$3.03M |
|
|
14
BCE
BCE
$20.2B
| $5.94M | 2.17% |
+107,200
| New | +$5.68M |
|
15
Shopify
SHOP
$152B
| $5.61M | 2.05% |
83,020
+1,600
| +2% | +$131K |
|
|
16
Agnico Eagle Mines
AEM
$73.6B
| $5.39M | 1.97% |
+88,177
| New | +$4.77M |
|
|
17
United Rentals
URI
$67.2B
| $5.33M | 1.95% |
+15,000
| New | +$4.9M |
|
|
18
UnitedHealth
UNH
$376B
| $5.1M | 1.86% |
+10,000
| New | +$4.82M |
|
19
Suncor Energy
SU
$79.4B
| $5.04M | 1.84% |
154,855
-95,370
| -38% | -$2.83M |
|
|
DCBO
20
Docebo
DCBO
$525M
| $4.75M | 1.74% |
+92,000
| New | +$4.73M |
|
|
21
Canadian Imperial Bank of Commerce
CM
$108B
| $4.6M | 1.68% |
+75,860
| New | +$4.79M |
|
|
SILV
22
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $4.48M | 1.64% |
502,690
+80,000
| +19% | +$675K |
|
|
23
Stantec
STN
$8.04B
| $4.03M | 1.47% |
80,290
-99,950
| -55% | -$5.18M |
|
24
Cenovus Energy
CVE
$55.7B
| $3.98M | 1.46% |
238,960
-152,290
| -39% | -$2.31M |
|
|
B
25
Barrick Mining
B
$61.5B
| $3.85M | 1.41% |
+156,810
| New | +$3.38M |
|
Similar funds
EC
ACA
MCMU
FWM
HIA
ES
BL
AW
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.