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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
Cap. Flow
-$72.9M
Cap. Flow %
-4.61%
Top 10 Hldgs %
40.24%
Holding
160
New
29
Increased
39
Reduced
59
Closed
23
Avg Time Held
3.8 quarters
Top 10 Avg Time Held
3.2 quarters
Top 20 Avg Time Held
3.6 quarters

Top Buys

Rank Stock Value
1
CP icon
Canadian Pacific Kansas City
CP
+$64.9M
2
ATS icon
ATS Corp
ATS
+$24.1M
3
OTEX icon
Open Text
OTEX
+$17M
4
SHOP icon
Shopify
SHOP
+$10.5M
5
STN icon
Stantec
STN
+$9.1M

Top Sells

Rank Stock Value
1
CNI icon
Canadian National Railway
CNI
+$39M
2
RY icon
Royal Bank of Canada
RY
+$29.4M
3
TD icon
Toronto Dominion Bank
TD
+$28.9M
4
CVE icon
Cenovus Energy
CVE
+$19.9M
5
TU icon
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 Held Since
RY icon
1
Royal Bank of Canada
RY
$266B
$114M 7.19%
898,880
-307,628
-25% -$29.4M
2020 Q4
10 quarters
SHOP icon
2
Shopify
SHOP
$230B
$89.7M 5.67%
1,047,105
+185,505
+22% +$10.5M
2022 Q4
2 quarters
CP icon
3
Canadian Pacific Kansas City
CP
$74.9B
$87.9M 5.56%
+821,601
New +$64.9M
2023 Q2
0 quarters
CNQ icon
4
Canadian Natural Resources
CNQ
$107B
$57.6M 3.64%
1,546,874
-20,558
-1% -$587K
2020 Q4
10 quarters
BNS icon
5
Scotiabank
BNS
$109B
$54.3M 3.44%
819,925
+142,020
+21% +$7.04M
2020 Q4
10 quarters
TD icon
6
Toronto Dominion Bank
TD
$190B
$48.8M 3.08%
593,861
-480,935
-45% -$28.9M
2020 Q4
10 quarters
WCN icon
7
Waste Connections
WCN
$38.9B
$46.7M 2.95%
246,421
+40,882
+20% +$5.7M
2020 Q4
10 quarters
TECK icon
8
Teck Resources
TECK
$32.1B
$45.9M 2.9%
823,197
-22,220
-3% -$955K
2020 Q4
10 quarters
GIB icon
9
CGI
GIB
$15B
$45.8M 2.9%
327,815
+9,975
+3% +$1.02M
2022 Q3
3 quarters
CCJ icon
10
Cameco
CCJ
$36.8B
$45.7M 2.89%
1,102,225
+55,627
+5% +$1.56M
2021 Q1
9 quarters
MFC icon
11
Manulife Financial
MFC
$70.8B
$44.7M 2.83%
1,784,309
-55,776
-3% -$1.06M
2023 Q1
1 quarter
QSR icon
12
Restaurant Brands International
QSR
$24.8B
$40.9M 2.59%
398,610
-15,300
-4% -$1.1M
2022 Q2
4 quarters
AGI icon
13
Alamos Gold
AGI
$12.8B
$40.5M 2.56%
2,569,170
-462,300
-15% -$5.88M
2022 Q4
2 quarters
STN icon
14
Stantec
STN
$7.56B
$40.4M 2.56%
467,103
+150,979
+48% +$9.1M
2023 Q1
1 quarter
BMO icon
15
Bank of Montreal
BMO
$113B
$37.6M 2.38%
314,348
-65,537
-17% -$5.79M
2020 Q4
10 quarters
FTS icon
16
Fortis
FTS
$27.6B
$36.3M 2.3%
636,582
+114,007
+22% +$4.97M
2023 Q1
1 quarter
FSV icon
17
FirstService
FSV
$5.68B
$35.6M 2.26%
174,710
+260
+0.1% +$37.8K
2020 Q4
10 quarters
TRI icon
18
Thomson Reuters
TRI
$45.6B
$35.1M 2.22%
193,462
+60
+0% +$8.05K
2022 Q3
3 quarters
ATS icon
19
ATS Corp
ATS
$1.72B
$32.7M 2.07%
+536,472
New +$24.1M
2023 Q2
0 quarters
AEM icon
20
Agnico Eagle Mines
AEM
$90.6B
$31.6M 2%
477,566
+800
+0.2% +$43.3K
2022 Q1
5 quarters
BAM icon
21
Brookfield Asset Management
BAM
$72.2B
$30M 1.9%
694,380
-15,637
-2% -$503K
2022 Q4
2 quarters
RCI icon
22
Rogers Communications
RCI
$16.4B
$28.8M 1.82%
477,280
-227,070
-32% -$10.6M
2022 Q1
5 quarters
WPM icon
23
Wheaton Precious Metals
WPM
$59.3B
$28.4M 1.8%
495,625
+89,425
+22% +$4.25M
2023 Q1
1 quarter
BTG icon
24
B2Gold
BTG
$6.62B
$27.7M 1.75%
5,862,452
+1,824,081
+45% +$7.14M
2022 Q4
2 quarters
PBA icon
25
Pembina Pipeline
PBA
$28.4B
$27.6M 1.74%
661,473
-9,720
-1% -$310K
2022 Q1
5 quarters
1
2 3 4 5

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BPC
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NCA
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CC
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TIP
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LGA
Lebenthal Global Advisors Hauppauge, New York $741M AUM 22.36% 1-Year Est. Return
SIC
SFE Investment Counsel Los Angeles, California $742M AUM 39.38% 1-Year Est. Return
CPC
Consolidated Planning Corp Atlanta, Georgia $742M AUM 25.54% 1-Year Est. Return
TWM
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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.