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TPM
Triasima Portfolio Management Portfolio holdings
AUM
$740M
1-Year Est. Return
69.74%
This Fund
S&P 500
This Quarter
Est. Return
+6.83%
1 Year Est. Return
+69.74%
3 Year Est. Return
+210.44%
5 Year Est. Return
+289.05%
10 Year Est. Return
–
AUM
$1.58B
AUM Growth
+$372M
(+31%)
Cap. Flow
-$72.9M
Cap. Flow
% of AUM
-4.61%
Top 10 Holdings %
Top 10 Hldgs %
40.24%
Holding
160
New
29
Increased
39
Reduced
59
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$64.9M |
| 2 |
ATS Corp
ATS
|
+$24.1M |
| 3 |
Open Text
OTEX
|
+$17M |
| 4 |
Shopify
SHOP
|
+$10.5M |
| 5 |
Stantec
STN
|
+$9.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian National Railway
CNI
|
+$39M |
| 2 |
Royal Bank of Canada
RY
|
+$29.4M |
| 3 |
Toronto Dominion Bank
TD
|
+$28.9M |
| 4 |
Cenovus Energy
CVE
|
+$19.9M |
| 5 |
Telus
TU
|
+$16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.07% |
| 2 | Industrials | 17.54% |
| 3 | Technology | 14.82% |
| 4 | Materials | 13.8% |
| 5 | Energy | 13.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Shell
SHEL
$249B
| $320K | 0.02% |
4,005
| – | – |
|
127
Lockheed Martin
LMT
$136B
| $291K | 0.02% |
478
-100
| -17% | -$46.4K |
|
128
Brookfield
BN
$109B
| $285K | 0.02% |
9,573
-570,572
| -98% | -$12.1M |
|
129
Canadian Imperial Bank of Commerce
CM
$108B
| $266K | 0.02% |
+4,700
| New | +$199K |
|
|
GAU
130
Galiano Gold
GAU
$470M
| $264K | 0.02% |
+330,000
| New | +$206K |
|
131
Progressive
PGR
$123B
| $247K | 0.02% |
1,410
-1,371
| -49% | -$184K |
|
132
Brookfield Infrastructure Partners
BIP
$18.4B
| $238K | 0.02% |
+4,920
| New | +$175K |
|
133
Ero Copper
ERO
$3.02B
| $238K | 0.02% |
+8,880
| New | +$168K |
|
134
BP
BP
$109B
| $236K | 0.01% |
5,050
-2,265
| -31% | -$83.8K |
|
135
Arthur J. Gallagher & Co
AJG
$63.6B
| $227K | 0.01% |
+780
| New | +$162K |
|
|
JOF
136
Japan Smaller Capitalization Fund
JOF
$335M
| $226K | 0.01% |
+23,700
| New | +$169K |
|
137
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.75B
| $221K | 0.01% |
+3,580
| New | +$166K |
|
138
Celestica
CLS
$42.7B
| – | – |
-143,977
| Closed | -$1.85M |
|
|
139
Canadian National Railway
CNI
$77B
| – | – |
-330,925
| Closed | -$39M |
|
|
140
Cenovus Energy
CVE
$53B
| – | – |
-1,140,570
| Closed | -$19.9M |
|
141
Devon Energy
DVN
$50.8B
| – | – |
-6,425
| Closed | -$325K |
|
142
Elevance Health
ELV
$82B
| – | – |
-3,520
| Closed | -$1.62M |
|
143
Fortuna Silver Mines
FSM
$2.74B
| – | – |
-25,500
| Closed | -$97K |
|
144
Griffon
GFF
$4.29B
| – | – |
-80,260
| Closed | -$2.57M |
|
145
Invesco Ultra Short Duration ETF
GSY
$3.9B
| – | – |
-4,855
| Closed | -$241K |
|
146
Hudbay
HBM
$11B
| – | – |
-425,269
| Closed | -$2.23M |
|
|
IAUX
147
i-80 Gold Corp
IAUX
$1.21B
| – | – |
-535,208
| Closed | -$1.3M |
|
148
LPL Financial
LPLA
$27.9B
| – | – |
-11,605
| Closed | -$2.35M |
|
|
MBCN
149
DELISTED
Middlefield Banc Corp
MBCN
| – | – |
-28,202
| Closed | -$790K |
|
150
Methanex
MEOH
$4.14B
| – | – |
-274,700
| Closed | -$12.8M |
|
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Triasima Portfolio Management's Q2 2023 Portfolio in Review
As of Q2 2023, Triasima Portfolio Management held 160 positions worth $1.58B, up 31% from $1.21B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Triasima Portfolio Management withdrew a net $72.9M in Q2 2023, closing 23 positions and reducing 59 holdings. Its most notable exit was Canadian National Railway, an estimated $39M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 30% a quarter earlier, followed by Industrials and Technology.
Against the trend, Triasima Portfolio Management opened a new position in Canadian Pacific Kansas City worth $87.9M.
- Triasima Portfolio Management's largest Q2 2023 buy was Canadian Pacific Kansas City: 821,601 shares worth $87.9M.
- Triasima Portfolio Management added most to Shopify in Q2 2023, an estimated $10.5M increase.
- Triasima Portfolio Management's biggest Q2 2023 reduction was Royal Bank of Canada, cutting an estimated $29.4M.
- Triasima Portfolio Management fully exited Canadian National Railway in Q2 2023, selling an estimated $39M.
- Triasima Portfolio Management's ten largest holdings make up 40% of its $1.58B portfolio in Q2 2023.
- Triasima Portfolio Management opened 29 new positions and closed 23 in Q2 2023.
- Triasima Portfolio Management's portfolio value rose 31% quarter-over-quarter to $1.58B.
Based on Triasima Portfolio Management's 13F filing for Q2 2023, filed 8 Aug 2023.