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TPM

Triasima Portfolio Management Portfolio holdings

AUM $661M
1-Year Est. Return 63.05%
This Fund
S&P 500
This Quarter Est. Return
+6.71%
1 Year Est. Return
+63.05%
3 Year Est. Return
+168.64%
5 Year Est. Return
+254.66%
10 Year Est. Return
–
AUM
$1.21B
AUM Growth
-$98.4M
Cap. Flow
-$141M
Cap. Flow %
-11.7%
Top 10 Hldgs %
39.22%
Holding
159
New
30
Increased
40
Reduced
48
Closed
28

Top Buys

1
MFC icon
Manulife Financial
MFC
+$35M
2
FTS icon
Fortis
FTS
+$21.4M
3
WPM icon
Wheaton Precious Metals
WPM
+$17.8M
4
STN icon
Stantec
STN
+$17.1M
5
SHOP icon
Shopify
SHOP
+$16.3M

Top Sells

1
CP icon
Canadian Pacific Kansas City
CP
+$56.1M
2
BN icon
Brookfield
BN
+$27.4M
3
NTR icon
Nutrien
NTR
+$27.2M
4
TU icon
Telus
TU
+$23.4M
5
CNI icon
Canadian National Railway
CNI
+$22.9M

Sector Composition

1 Financials 29.83%
2 Materials 14.23%
3 Energy 14.04%
4 Industrials 12.42%
5 Technology 11.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RY icon
1
Royal Bank of Canada
RY
$302B
$115M 9.53%
1,206,508
-39,234
-3% -$3.89M
TD icon
2
Toronto Dominion Bank
TD
$205B
$64.3M 5.32%
1,074,796
-293,267
-21% -$18.9M
CNQ icon
3
Canadian Natural Resources
CNQ
$91.1B
$43.3M 3.58%
1,567,432
-164,346
-9% -$4.65M
SHOP icon
4
Shopify
SHOP
$159B
$41.3M 3.41%
861,600
+369,722
+75% +$16.3M
CNI icon
5
Canadian National Railway
CNI
$78.4B
$39M 3.23%
330,925
-193,437
-37% -$22.9M
AGI icon
6
Alamos Gold
AGI
$11.8B
$37M 3.06%
3,031,470
-82,050
-3% -$889K
BNS icon
7
Scotiabank
BNS
$110B
$34.1M 2.82%
677,905
+4,928
+0.7% +$253K
BMO icon
8
Bank of Montreal
BMO
$129B
$33.8M 2.79%
379,885
-29,686
-7% -$2.82M
MFC icon
9
Manulife Financial
MFC
$72.1B
$33.7M 2.79%
+1,840,085
New +$35M
RCI icon
10
Rogers Communications
RCI
$18.9B
$32.6M 2.7%
704,350
+25,913
+4% +$1.23M
TECK icon
11
Teck Resources
TECK
$26.8B
$30.8M 2.55%
845,417
-122,523
-13% -$4.86M
GIB icon
12
CGI
GIB
$14.1B
$30.6M 2.53%
317,840
+1,690
+0.5% +$152K
WCN
13
Waste Connections
WCN
$44.3B
$28.6M 2.36%
205,539
-122,669
-37% -$16.3M
QSR icon
14
Restaurant Brands International
QSR
$26.8B
$27.7M 2.3%
413,910
-51,130
-11% -$3.33M
CCJ icon
15
Cameco
CCJ
$37.1B
$27.4M 2.26%
1,046,598
+19,923
+2% +$527K
TRI icon
16
Thomson Reuters
TRI
$42.6B
$26.5M 2.19%
193,402
-4,451
-2% -$567K
SU icon
17
Suncor Energy
SU
$73.6B
$24.6M 2.03%
793,322
+160,432
+25% +$5.22M
FSV icon
18
FirstService
FSV
$6.92B
$24.5M 2.03%
174,450
-2,150
-1% -$296K
AEM icon
19
Agnico Eagle Mines
AEM
$68.2B
$24.3M 2.01%
476,766
-47,400
-9% -$2.43M
DSGX icon
20
Descartes Systems
DSGX
$6.41B
$23.7M 1.96%
294,315
+54,247
+23% +$4.04M
BAM icon
21
Brookfield Asset Management
BAM
$77.8B
$23.2M 1.92%
710,017
+410,351
+137% +$13.3M
FTS icon
22
Fortis
FTS
$29.8B
$22.2M 1.83%
+522,575
New +$21.4M
PBA icon
23
Pembina Pipeline
PBA
$29.8B
$21.7M 1.8%
671,193
-207,091
-24% -$6.99M
CVE icon
24
Cenovus Energy
CVE
$52.2B
$19.9M 1.64%
1,140,570
-356,645
-24% -$6.55M
WPM icon
25
Wheaton Precious Metals
WPM
$46.7B
$19.5M 1.62%
+406,200
New +$17.8M
1
2 3 4 5

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DC
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FAM
Fulcrum Asset Management London, United Kingdom $662M AUM 48.09% 1-Year Est. Return
OL
Optas LLC Austin, Texas $661M AUM 29.77% 1-Year Est. Return
GC
Globeflex Capital San Diego, California $661M AUM 50.59% 1-Year Est. Return
HIG
Heritage Investment Group Pompano Beach, Florida $661M AUM 14.84% 1-Year Est. Return
RCG
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AWA
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FM
Freemont Management Vaud, Switzerland $661M AUM 60.48% 1-Year Est. Return

Triasima Portfolio Management's Q1 2023 Portfolio in Review

As of Q1 2023, Triasima Portfolio Management held 159 positions worth $1.21B, down 7.5% from $1.31B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Triasima Portfolio Management withdrew a net $141M in Q1 2023, closing 28 positions and reducing 48 holdings. Its most notable exit was Canadian Pacific Kansas City, an estimated $56.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 28% a quarter earlier, followed by Materials and Energy.

Against the trend, Triasima Portfolio Management opened a new position in Manulife Financial worth $33.7M.

  • Triasima Portfolio Management's largest Q1 2023 buy was Manulife Financial: 1,840,085 shares worth $33.7M.
  • Triasima Portfolio Management added most to Shopify in Q1 2023, an estimated $16.3M increase.
  • Triasima Portfolio Management's biggest Q1 2023 reduction was Brookfield, cutting an estimated $27.4M.
  • Triasima Portfolio Management fully exited Canadian Pacific Kansas City in Q1 2023, selling an estimated $56.1M.
  • Triasima Portfolio Management's ten largest holdings make up 39% of its $1.21B portfolio in Q1 2023.
  • Triasima Portfolio Management opened 30 new positions and closed 28 in Q1 2023.
  • Triasima Portfolio Management's portfolio value fell 7.5% quarter-over-quarter to $1.21B.

Based on Triasima Portfolio Management's 13F filing for Q1 2023, filed 28 Apr 2023.