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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
+5.16%
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
$236M
AUM Growth
-$16.4M
(-6.5%)
Cap. Flow
-$24.8M
Cap. Flow
% of AUM
-10.5%
Top 10 Holdings %
Top 10 Hldgs %
42.21%
Holding
88
New
12
Increased
22
Reduced
32
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rogers Communications
RCI
|
+$7.8M |
| 2 |
ATS Corp
ATS
|
+$5.69M |
| 3 |
Brookfield Infrastructure Partners
BIP
|
+$4.5M |
| 4 |
TCN
Tricon Residential Inc.
TCN
|
+$3.3M |
| 5 |
CAE Inc. Common Shares
CAE
|
+$3.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GFL Environmental
GFL
|
+$5.69M |
| 2 |
Stantec
STN
|
+$4.56M |
| 3 |
OR Royalties Inc
OR
|
+$4.34M |
| 4 |
ABST
Absolute Software Corp
ABST
|
+$4.22M |
| 5 |
Royal Bank of Canada
RY
|
+$4.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 30% |
| 2 | Energy | 16.91% |
| 3 | Financials | 16.17% |
| 4 | Materials | 15.32% |
| 5 | Technology | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Canadian Pacific Kansas City
CP
$81.4B
| $20.4M | 8.63% |
252,100
+22,080
| +10% | +$1.74M |
|
|
2
Rogers Communications
RCI
$18.8B
| $12.4M | 5.26% |
272,240
+166,360
| +157% | +$7.8M |
|
|
3
Royal Bank of Canada
RY
$295B
| $11M | 4.64% |
114,809
-44,050
| -28% | -$4.2M |
|
4
RB Global
RBA
$21.7B
| $9.35M | 3.96% |
155,780
-7,550
| -5% | -$426K |
|
5
Toronto Dominion Bank
TD
$199B
| $9.09M | 3.85% |
146,661
+20,300
| +16% | +$1.22M |
|
|
6
CAE Inc. Common Shares
CAE
$8.48B
| $8.28M | 3.51% |
370,075
+144,857
| +64% | +$3.21M |
|
7
United Rentals
URI
$67.9B
| $7.87M | 3.33% |
17,670
-10,090
| -36% | -$3.74M |
|
8
TC Energy
TRP
$70.5B
| $7.51M | 3.18% |
185,905
+24,250
| +15% | +$990K |
|
|
DCBO
9
Docebo
DCBO
$533M
| $7.26M | 3.08% |
183,452
+47,135
| +35% | +$1.71M |
|
|
10
OR Royalties Inc
OR
$5.52B
| $6.52M | 2.76% |
424,492
-267,848
| -39% | -$4.34M |
|
|
11
ATS Corp
ATS
$2.62B
| $5.82M | 2.47% |
+126,525
| New | +$5.69M |
|
|
ERF
12
DELISTED
Enerplus Corporation
ERF
| $4.87M | 2.06% |
335,940
-49,230
| -13% | -$718K |
|
13
Canadian Natural Resources
CNQ
$92.2B
| $4.66M | 1.97% |
165,790
-8,120
| -5% | -$232K |
|
|
14
Brookfield Infrastructure Partners
BIP
$19.3B
| $4.62M | 1.96% |
+126,350
| New | +$4.5M |
|
15
Shopify
SHOP
$169B
| $4.41M | 1.87% |
68,230
-53,610
| -44% | -$3.03M |
|
16
Brookfield
BN
$104B
| $4.27M | 1.81% |
190,062
-20,505
| -10% | -$435K |
|
17
Triple Flag Precious Metals
TFPM
$5.9B
| $3.74M | 1.58% |
271,509
-15,893
| -6% | -$239K |
|
18
Enbridge
ENB
$121B
| $3.65M | 1.55% |
98,298
+12,570
| +15% | +$479K |
|
|
TCN
19
DELISTED
Tricon Residential Inc.
TCN
| $3.56M | 1.51% |
+403,940
| New | +$3.3M |
|
20
Bank of Montreal
BMO
$127B
| $3.49M | 1.48% |
38,661
-13,290
| -26% | -$1.17M |
|
21
West Fraser Timber
WFG
$5.28B
| $3.48M | 1.47% |
+40,500
| New | +$3.06M |
|
|
22
GFL Environmental
GFL
$14.1B
| $3.4M | 1.44% |
87,650
-156,530
| -64% | -$5.69M |
|
23
TransAlta
TAC
$4.03B
| $3.36M | 1.42% |
358,910
-55,560
| -13% | -$521K |
|
24
Sun Life Financial
SLF
$46.6B
| $3.28M | 1.39% |
62,970
-3,920
| -6% | -$193K |
|
25
Agnico Eagle Mines
AEM
$71.9B
| $3.01M | 1.27% |
60,197
-7,508
| -11% | -$406K |
|
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PCJ Investment Counsel's Q2 2023 Portfolio in Review
As of Q2 2023, PCJ Investment Counsel held 88 positions worth $236M, down 6.5% from $252M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
PCJ Investment Counsel withdrew a net $24.8M in Q2 2023, closing 20 positions and reducing 32 holdings. Its most notable exit was Absolute Software Corp, an estimated $4.22M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 29% a quarter earlier, followed by Energy and Financials.
Against the trend, PCJ Investment Counsel opened a new position in ATS Corp worth $5.82M.
- PCJ Investment Counsel's largest Q2 2023 buy was ATS Corp: 126,525 shares worth $5.82M.
- PCJ Investment Counsel added most to Rogers Communications in Q2 2023, an estimated $7.8M increase.
- PCJ Investment Counsel's biggest Q2 2023 reduction was GFL Environmental, cutting an estimated $5.69M.
- PCJ Investment Counsel fully exited Absolute Software Corp in Q2 2023, selling an estimated $4.22M.
- PCJ Investment Counsel's ten largest holdings make up 42% of its $236M portfolio in Q2 2023.
- PCJ Investment Counsel opened 12 new positions and closed 20 in Q2 2023.
- PCJ Investment Counsel's portfolio value fell 6.5% quarter-over-quarter to $236M.
Based on PCJ Investment Counsel's 13F filing for Q2 2023, filed 10 Aug 2023.