We are live on ! Find out more
PIC

PCJ Investment Counsel Portfolio holdings

AUM $348M
1-Year Est. Return 54.69%
This Fund
S&P 500
This Quarter Est. Return
+23.24%
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
$359M
AUM Growth
+$66.7M
Cap. Flow
+$11.8M
Cap. Flow %
3.29%
Top 10 Hldgs %
44.64%
Holding
74
New
9
Increased
22
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
CAE icon
CAE Inc
CAE
+$14M
2
BN icon
Brookfield
BN
+$8.11M
3
CVE icon
Cenovus Energy
CVE
+$5.2M
4
PAAS icon
Pan American Silver
PAAS
+$4.76M
5
GIL icon
Gildan
GIL
+$3.05M

Top Sells

Rank Stock Value
1
CNQ icon
Canadian Natural Resources
CNQ
+$4.75M
2
MAG
MAG Silver
MAG
+$4.65M
3
AER icon
AerCap
AER
+$4.44M
4
RBA icon
RB Global
RBA
+$3.36M
5
WFC icon
Wells Fargo
WFC
+$3.2M

Sector Composition

Rank Sector Weight
1 Materials 30.73%
2 Industrials 23.39%
3 Financials 19.05%
4 Energy 13.6%
5 Technology 6.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BBU
1
DELISTED
Brookfield Business Partners
BBU
$43.8M 12.18%
1,338,079
+67,295
+5% +$1.8M
CRH icon
2
CRH
CRH
$63.8B
$21.9M 6.1%
182,900
-10,000
-5% -$1.06M
BN icon
3
Brookfield
BN
$92.3B
$16M 4.44%
349,170
+183,060
+110% +$8.11M
CAE icon
4
CAE Inc
CAE
$7.81B
$15.8M 4.4%
533,740
+498,790
+1,427% +$14M
EFXT
5
Enerflex
EFXT
$2.44B
$12.6M 3.5%
1,167,110
-320,570
-22% -$2.98M
RY icon
6
Royal Bank of Canada
RY
$283B
$11.8M 3.28%
79,960
+1,990
+3% +$274K
SHOP icon
7
Shopify
SHOP
$197B
$10.1M 2.82%
68,190
-1,950
-3% -$264K
COF icon
8
Capital One
COF
$132B
$9.68M 2.69%
45,550
+5,150
+13% +$1.13M
IAG icon
9
IAMGOLD
IAG
$11.8B
$9.65M 2.68%
747,070
+312,140
+72% +$2.73M
CVNA icon
10
Carvana
CVNA
$53.3B
$9.17M 2.55%
121,500
+38,500
+46% +$2.75M
RBA icon
11
RB Global
RBA
$15.9B
$8.68M 2.42%
80,160
-29,970
-27% -$3.36M
TD icon
12
Toronto Dominion Bank
TD
$199B
$8.05M 2.24%
100,760
-11,270
-10% -$846K
EQX icon
13
Equinox Gold
EQX
$15.2B
$7.49M 2.08%
668,230
+223,870
+50% +$1.78M
PAAS icon
14
Pan American Silver
PAAS
$21.9B
$7.23M 2.01%
186,568
+148,098
+385% +$4.76M
CVE icon
15
Cenovus Energy
CVE
$58.2B
$7.03M 1.95%
413,600
+332,970
+413% +$5.2M
AMCR icon
16
Amcor
AMCR
$21.6B
$6.45M 1.79%
157,629
+22,444
+17% +$1.01M
BMO icon
17
Bank of Montreal
BMO
$120B
$6.2M 1.72%
47,570
+210
+0.4% +$24.9K
AEM icon
18
Agnico Eagle Mines
AEM
$104B
$5.79M 1.61%
34,360
-3,600
-9% -$495K
DNN icon
19
Denison Mines
DNN
$3.07B
$5.63M 1.57%
2,045,310
-4,180
-0.2% -$9.25K
BIP icon
20
Brookfield Infrastructure Partners
BIP
$17.5B
$5.57M 1.55%
169,100
-93,110
-36% -$2.93M
SAND
21
DELISTED
Sandstorm Gold
SAND
$5.35M 1.49%
427,350
+252,600
+145% +$2.69M
ENB icon
22
Enbridge
ENB
$110B
$5.32M 1.48%
105,550
-2,280
-2% -$107K
EXK
23
Endeavour Silver
EXK
$3.19B
$5.3M 1.48%
677,220
-1,810
-0.3% -$10.7K
PBA icon
24
Pembina Pipeline
PBA
$27.9B
$5.17M 1.44%
127,780
-64,340
-33% -$2.43M
MEOH icon
25
Methanex
MEOH
$4.46B
$4.68M 1.3%
117,730
-2,500
-2% -$88.8K
1
2 3

Similar funds

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
PWM
Parkshore Wealth Management Granite Bay, California $348M AUM 21.85% 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

PCJ Investment Counsel's Q3 2025 Portfolio in Review

As of Q3 2025, PCJ Investment Counsel held 74 positions worth $359M, up 23% from $293M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

PCJ Investment Counsel deployed $11.8M of net new capital in Q3 2025, opening 9 new positions and adding to 22 existing holdings. Its largest new stake was Gildan: 56,970 shares worth $3.29M.

By sector, the portfolio is most concentrated in Materials at 31% of assets, up from 26% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was Canadian Natural Resources, an estimated $4.75M trimmed.

  • PCJ Investment Counsel's largest Q3 2025 buy was Gildan: 56,970 shares worth $3.29M.
  • PCJ Investment Counsel added most to CAE Inc in Q3 2025, an estimated $14M increase.
  • PCJ Investment Counsel's biggest Q3 2025 reduction was Canadian Natural Resources, cutting an estimated $4.75M.
  • PCJ Investment Counsel fully exited MAG Silver in Q3 2025, selling an estimated $4.65M.
  • PCJ Investment Counsel's ten largest holdings make up 45% of its $359M portfolio in Q3 2025.
  • PCJ Investment Counsel opened 9 new positions and closed 10 in Q3 2025.
  • PCJ Investment Counsel's portfolio value rose 23% quarter-over-quarter to $359M.

Based on PCJ Investment Counsel's 13F filing for Q3 2025, filed 13 Nov 2025.