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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
+13.77%
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
$293M
AUM Growth
+$37.1M
Cap. Flow
+$4.11M
Cap. Flow %
1.4%
Top 10 Hldgs %
43.24%
Holding
75
New
11
Increased
27
Reduced
27
Closed
10

Top Buys

Rank Stock Value
1
COF icon
Capital One
COF
+$7.54M
2
AMCR icon
Amcor
AMCR
+$6.24M
3
PBA icon
Pembina Pipeline
PBA
+$5.22M
4
MEOH icon
Methanex
MEOH
+$3.88M
5
WFC icon
Wells Fargo
WFC
+$2.88M

Top Sells

Rank Stock Value
1
BERY
Berry Global Group, Inc.
BERY
+$8.34M
2
CAE icon
CAE Inc
CAE
+$7.54M
3
RBA icon
RB Global
RBA
+$5.14M
4
KGC icon
Kinross Gold
KGC
+$4.29M
5
RCI icon
Rogers Communications
RCI
+$3.9M

Sector Composition

Rank Sector Weight
1 Materials 26.21%
2 Industrials 23.18%
3 Financials 18.78%
4 Energy 16.7%
5 Technology 6.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BBU
1
DELISTED
Brookfield Business Partners
BBU
$33M 11.28%
1,270,784
-34,370
-3% -$807K
CRH icon
2
CRH
CRH
$63.8B
$17.7M 6.05%
192,900
-740
-0.4% -$67.5K
EFXT
3
Enerflex
EFXT
$2.44B
$11.8M 4.01%
1,487,680
+137,950
+10% +$987K
RBA icon
4
RB Global
RBA
$15.9B
$11.7M 4%
110,130
-50,170
-31% -$5.14M
RY icon
5
Royal Bank of Canada
RY
$283B
$10.3M 3.51%
77,970
+7,430
+11% +$909K
BIP icon
6
Brookfield Infrastructure Partners
BIP
$17.5B
$8.79M 3%
262,210
-43,220
-14% -$1.36M
COF icon
7
Capital One
COF
$132B
$8.6M 2.94%
+40,400
New +$7.54M
CNQ icon
8
Canadian Natural Resources
CNQ
$101B
$8.42M 2.87%
267,620
-610
-0.2% -$18.5K
TD icon
9
Toronto Dominion Bank
TD
$199B
$8.25M 2.82%
112,030
+12,610
+13% +$823K
SHOP icon
10
Shopify
SHOP
$197B
$8.09M 2.76%
70,140
+3,660
+6% +$366K
PBA icon
11
Pembina Pipeline
PBA
$27.9B
$7.21M 2.46%
192,120
+138,320
+257% +$5.22M
BN icon
12
Brookfield
BN
$92.3B
$6.86M 2.34%
166,110
+26,265
+19% +$973K
CP icon
13
Canadian Pacific Kansas City
CP
$82.7B
$6.39M 2.18%
80,540
+36,100
+81% +$2.78M
AMCR icon
14
Amcor
AMCR
$21.6B
$6.21M 2.12%
+135,185
New +$6.24M
CVNA icon
15
Carvana
CVNA
$53.3B
$5.59M 1.91%
83,000
-4,400
-5% -$241K
AER icon
16
AerCap
AER
$23.2B
$5.33M 1.82%
45,590
-5,770
-11% -$624K
BMO icon
17
Bank of Montreal
BMO
$120B
$5.25M 1.79%
47,360
-9,510
-17% -$958K
NXE icon
18
NexGen Energy
NXE
$6.97B
$5.19M 1.77%
746,400
+424,260
+132% +$2.4M
ENB icon
19
Enbridge
ENB
$110B
$4.89M 1.67%
107,830
+4,460
+4% +$202K
DSGX icon
20
Descartes Systems
DSGX
$7.01B
$4.87M 1.66%
47,930
+12,220
+34% +$1.29M
MAG
21
DELISTED
MAG Silver
MAG
$4.65M 1.59%
218,680
-173,250
-44% -$3.08M
AEM icon
22
Agnico Eagle Mines
AEM
$104B
$4.53M 1.55%
37,960
+3,510
+10% +$407K
CNI icon
23
Canadian National Railway
CNI
$76.2B
$4.32M 1.48%
41,460
+20,500
+98% +$2.09M
NGD
24
DELISTED
New Gold Inc
NGD
$4.15M 1.42%
833,660
-501,190
-38% -$2.06M
AG icon
25
First Majestic Silver
AG
$10.2B
$4.13M 1.41%
499,280
+198,810
+66% +$1.34M
1
2 3

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FUBT
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PCJ Investment Counsel's Q2 2025 Portfolio in Review

As of Q2 2025, PCJ Investment Counsel held 75 positions worth $293M, up 14% from $256M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

PCJ Investment Counsel's Q2 2025 filing shows 11 new, 27 increased, 27 reduced and 10 closed positions. Its largest new stake was Capital One: 40,400 shares worth $8.6M. The largest sale was Berry Global Group, Inc., an estimated $8.34M.

By sector, the portfolio is most concentrated in Materials at 26% of assets, down from 29% a quarter earlier, followed by Industrials and Financials.

  • PCJ Investment Counsel's largest Q2 2025 buy was Capital One: 40,400 shares worth $8.6M.
  • PCJ Investment Counsel added most to Pembina Pipeline in Q2 2025, an estimated $5.22M increase.
  • PCJ Investment Counsel's biggest Q2 2025 reduction was CAE Inc, cutting an estimated $7.54M.
  • PCJ Investment Counsel fully exited Berry Global Group, Inc. in Q2 2025, selling an estimated $8.34M.
  • PCJ Investment Counsel's ten largest holdings make up 43% of its $293M portfolio in Q2 2025.
  • PCJ Investment Counsel opened 11 new positions and closed 10 in Q2 2025.
  • PCJ Investment Counsel's portfolio value rose 14% quarter-over-quarter to $293M.

Based on PCJ Investment Counsel's 13F filing for Q2 2025, filed 7 Aug 2025.