PCJ Investment Counsel Ltd.
13F Reported Value
ⓘ$352.1M
Holdings
59
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
PCJ Investment Counsel Ltd. disclosed 59 positions worth $352.1M in its Form 13F-HR for Q1 2026, led by $BBUC (Brookfield Business Corp) at 8.8% of the equity portfolio, followed by $CAE and $EFXT. During the quarter the fund opened 11 new positions and exited 13 — including a new stake in $BBUC and a full exit from $__PARK_1654795. The portfolio is most concentrated in Materials (33.7% of disclosed assets). All figures are sourced directly from PCJ Investment Counsel Ltd.’s Form 13F-HR filing with the SEC under CIK 1426318.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$31.0M978,912 sh - —
Quality
$20.4M782,693 sh - —
Quality
$13.8M661,252 sh - —
Quality
$13.6M83,840 sh - —
Quality
$12.5M2,805,993 sh - —
Quality
$12.0M93,893 sh - —
Quality
$11.9M112,773 sh - —
Quality
$11.7M442,865 sh - —
Quality
$11.4M121,860 sh - $10.6M293,154 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Brookfield Business Corp$BBUC | — | $31.0M | 978,912 |
 CAE INC$CAE | — | $20.4M | 782,693 |
 Enerflex Ltd.$EFXT | — | $13.8M | 661,252 |
 ROYAL BANK OF CANADA$RY | — | $13.6M | 83,840 |
 BAYTEX ENERGY CORP.$BTE | — | $12.5M | 2,805,993 |
 Boyd Group Services Inc.$BGSI | — | $12.0M | 93,893 |
 CRH PUBLIC LTD CO$CRH | — | $11.9M | 112,773 |
 CENOVUS ENERGY INC.$CVE | — | $11.7M | 442,865 |
 TORONTO DOMINION BANK$TD | — | $11.4M | 121,860 |
 Brookfield Infrastructure Partners L.P.$BIP | — | $10.6M | 293,154 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of PCJ Investment Counsel Ltd.'s 59 positions.
Showing top 10 of 59 holdings.
Sector Allocation
Materials
$118.6M
Industrials
$75.2M
Energy
$47.2M
Financials
$40.3M
Technology
$35.7M
Utilities
$16.5M
Consumer Discretionary
$14.5M
Real Estate
$4.1M
Full Holdings — PCJ Investment Counsel Ltd. (Q1 2026)
All 59 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $BBUC | Brookfield Business Corp | $31.0M | 8.8% | NEW | — |
| 2 | $CAE | CAE INC | $20.4M | 5.8% | +3% | — |
| 3 | $EFXT | Enerflex Ltd. | $13.8M | 3.9% | -26% | — |
| 4 | $RY | ROYAL BANK OF CANADA | $13.6M | 3.9% | +4% | — |
| 5 | $BTE | BAYTEX ENERGY CORP. | $12.5M | 3.6% | +13% | — |
| 6 | $BGSI | Boyd Group Services Inc. | $12.0M | 3.4% | -19% | — |
| 7 | $CRH | CRH PUBLIC LTD CO | $11.9M | 3.4% | -40% | — |
| 8 | $CVE | CENOVUS ENERGY INC. | $11.7M | 3.3% | +9% | — |
| 9 | $TD | TORONTO DOMINION BANK | $11.4M | 3.2% | +5% | — |
| 10 | $BIP | Brookfield Infrastructure Partners L.P. | $10.6M | 3.0% | +60% | — |
| 11 |  $DNN | DENISON MINES CORP. | $9.4M | 2.7% | -9% | — |
| 12 |  $SHOP | SHOPIFY INC. | $8.9M | 2.5% | +6% | — |
| 13 |  $EQX | Equinox Gold Corp. | $8.0M | 2.3% | -37% | — |
| 14 |  $GFL | GFL Environmental Inc. | $7.8M | 2.2% | NEW | — |
| 15 |  $IAG | IAMGOLD CORP | $7.6M | 2.1% | -37% | — |
| 16 |  $ENB | ENBRIDGE INC | $6.7M | 1.9% | +11% | — |
| 17 |  $TGB | Trekor Metals Ltd | $6.6M | 1.9% | +7% | — |
| 18 |  $CNI | CANADIAN NATIONAL RAILWAY CO | $6.4M | 1.8% | +94% | — |
| 19 |  $CNQ | CANADIAN NATURAL RESOURCES Ltd | $6.2M | 1.8% | +7% | — |
| 20 |  $AEM | AGNICO EAGLE MINES LTD | $6.2M | 1.8% | -5% | — |
| 21 |  $BMO | BANK OF MONTREAL /CAN/ | $5.9M | 1.7% | +3% | — |
| 22 |  $ERO | Ero Copper Corp. | $5.6M | 1.6% | +127% | — |
| 23 |  $CM | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | $5.6M | 1.6% | +981% | — |
| 24 |  $BEPC | Brookfield Renewable Corp | $5.6M | 1.6% | NEW | — |
| 25 |  $SU | SUNCOR ENERGY INC | $5.5M | 1.6% | +11% | — |
| 26 |  $ORLA | Orla Mining Ltd. | $4.9M | 1.4% | -41% | — |
| 27 |  $ARIS | Aris Mining Corp | $4.8M | 1.4% | NEW | — |
| 28 |  $PPTA | PERPETUA RESOURCES CORP. | $4.6M | 1.3% | NEW | — |
| 29 |  $CGAU | Centerra Gold Inc. | $4.5M | 1.3% | +75% | — |
| 30 |  $PBA | PEMBINA PIPELINE CORP | $4.5M | 1.3% | -29% | — |
| 31 |  $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | $4.2M | 1.2% | +4% | — |
| 32 |  $SKE | Skeena Resources Ltd | $4.2M | 1.2% | -1% | — |
| 33 |  $NXE | NexGen Energy Ltd. | $4.1M | 1.2% | -30% | — |
| 34 |  $BN | BROOKFIELD Corp /ON/ | $4.1M | 1.2% | -70% | — |
| 35 |  $WPM | Wheaton Precious Metals Corp. | $3.9M | 1.1% | +6% | — |
| 36 |  $TFII | TFI International Inc. | $3.9M | 1.1% | +312% | — |
| 37 |  $B | BARRICK MINING CORP | $3.9M | 1.1% | -10% | — |
| 38 |  $EXK | ENDEAVOUR SILVER CORP | $3.9M | 1.1% | -26% | — |
| 39 |  $MFC | MANULIFE FINANCIAL CORP | $3.5M | 1.0% | -6% | — |
| 40 |  $HBM | Hudbay Minerals Inc. | $3.4M | 1.0% | NEW | — |
| 41 |  $CCJ | CAMECO CORP | $3.4M | 0.9% | +38% | — |
| 42 |  $TECK | TECK RESOURCES LTD | $3.3M | 0.9% | +117% | — |
| 43 |  $ALM | Almonty Industries Inc. | $2.9M | 0.8% | NEW | — |
| 44 |  $FTS | Fortis Inc. | $2.8M | 0.8% | NEW | — |
| 45 |  $KGC | KINROSS GOLD CORP | $2.7M | 0.8% | -4% | — |
| 46 |  $CLS | CELESTICA INC | $2.6M | 0.8% | +103% | 69 |
| 47 |  $FSM | FORTUNA MINING CORP. | $2.6M | 0.7% | -47% | — |
| 48 |  $KNX | Knight-Swift Transportation Holdings Inc. | $2.6M | 0.7% | +50% | 49.3 |
| 49 |  $USAS | Americas Gold & Silver Corp | $2.4M | 0.7% | -47% | — |
| 50 |  $LSPD | Lightspeed Commerce Inc. | $2.2M | 0.6% | +105% | — |
| 51 |  $NTR | Nutrien Ltd. | $2.2M | 0.6% | +22% | — |
| 52 |  $CVNA | CARVANA CO. | $2.0M | 0.6% | -70% | 69.2 |
| 53 |  $GIB | CGI INC | $1.5M | 0.4% | -73% | — |
| 54 |  $AGI | ALAMOS GOLD INC | $1.5M | 0.4% | NEW | — |
| 55 |  $ATS | ATS Corp /ATS | $1.4M | 0.4% | NEW | — |
| 56 |  $RBA | RB GLOBAL INC. | $1.3M | 0.4% | -83% | — |
| 57 |  $BNS | BANK OF NOVA SCOTIA | $467,495 | 0.1% | -91% | — |
| 58 |  $GIL | Gildan Activewear Inc. | $440,645 | 0.1% | -91% | — |
| 59 |  $WCN | Waste Connections, Inc. | $336,389 | 0.1% | NEW | — |
New Positions (11)
$BBUC Brookfield Business Corp$31.0M$GFL GFL Environmental Inc.$7.8M$BEPC Brookfield Renewable Corp$5.6M$ARIS Aris Mining Corp$4.8M$PPTA PERPETUA RESOURCES CORP.$4.6M$HBM Hudbay Minerals Inc.$3.4M$ALM Almonty Industries Inc.$2.9M$FTS Fortis Inc.$2.8M$AGI ALAMOS GOLD INC$1.5M$ATS ATS Corp /ATS$1.4M$WCN Waste Connections, Inc.$336,389Exited Positions (13)
$__PARK_1654795 Brookfield Business Partners L.P.
$MEOH METHANEX CORP
$PAAS PAN AMERICAN SILVER CORP
$COF CAPITAL ONE FINANCIAL CORP
$RGLD ROYAL GOLD INC
$AG FIRST MAJESTIC SILVER CORP
$AXP AMERICAN EXPRESS CO
$TSAT Telesat Corp
$VZLA Vizsla Silver Corp.
$AMCR Amcor plc
$UUUU ENERGY FUELS INC
$ODFL OLD DOMINION FREIGHT LINE, INC.
$OR OR Royalties Inc.Browse Top Institutional Investors
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