PICTON MAHONEY ASSET MANAGEMENT
13F Reported Value
ⓘ$13.5B
incl. option notional
Equity Holdings
ⓘ$10.8B
Option Notional
ⓘ$2.7B
$1.1B puts / $1.6B calls
Holdings
1,378
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
PICTON MAHONEY ASSET MANAGEMENT disclosed 1,378 positions worth $13.5B in its Form 13F-HR for Q2 2026 — $10.8B in common stock plus $2.7B of put/call option positions (reported at underlying notional value, not premium at risk), led by $RY (ROYAL BANK OF CANADA) at 6.3% of the equity portfolio, followed by $TD. During the quarter the fund opened 510 new positions and exited 357 — including a new stake in $QQQ. The portfolio is most concentrated in Financials (28.5% of disclosed assets). All figures are sourced directly from PICTON MAHONEY ASSET MANAGEMENT’s Form 13F-HR filing with the SEC under CIK 1539041.
AI Fund Analysis
Stable
Sector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 74.8#76
Quality
$684.8M3,315,100 sh - 80.5#12
Quality
$555.3M4,578,596 sh ISHARES TR - IBOXX HI YD ETF PUT
—Quality
$399.9M5,000,000 shISHARES TR - IBOXX HI YD ETF CALL
—Quality
$399.9M5,000,000 shISHARES TR - MSCI USA MMENTM PUT
—Quality
$342.8M1,000,000 sh- 64.9
Quality
$246.9M2,163,787 sh - 69.7
Quality
$244.7M2,829,879 sh - $220.9M300,000 sh
- —
Quality
$202.2M4,751,905 sh VANECK ETF TRUST - SEMICONDUCTR ETF PUT
—Quality
$196.8M300,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 ROYAL BANK OF CANADA$RY | 74.8#76 | $684.8M | 3,315,100 |
 TORONTO DOMINION BANK$TD | 80.5#12 | $555.3M | 4,578,596 |
| ISHARES TR - IBOXX HI YD ETF PUT | — | $399.9M | 5,000,000 |
| ISHARES TR - IBOXX HI YD ETF CALL | — | $399.9M | 5,000,000 |
| ISHARES TR - MSCI USA MMENTM PUT | — | $342.8M | 1,000,000 |
 SHOPIFY INC.$SHOP | 64.9 | $246.9M | 2,163,787 |
 CANADIAN PACIFIC KANSAS CITY LTD/CN$CP | 69.7 | $244.7M | 2,829,879 |
 INVESCO QQQ TRUST, SERIES 1$QQQCALL | — | $220.9M | 300,000 |
 BROOKFIELD Corp /ON/$BN | — | $202.2M | 4,751,905 |
| VANECK ETF TRUST - SEMICONDUCTR ETF PUT | — | $196.8M | 300,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of PICTON MAHONEY ASSET MANAGEMENT's 1,378 positions.
Showing top 10 of 1,378 holdings.
Sector Allocation
Financials
$3.1B
Technology
$2.0B
Materials
$1.3B
Industrials
$1.1B
Energy
$959.6M
Consumer Discretionary
$545.2M
Healthcare
$526.3M
Utilities
$359.2M
Top Holdings — PICTON MAHONEY ASSET MANAGEMENT (Q2 2026)
Top 150 of 1,378 disclosed positions (by reported value) 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 | $RY | ROYAL BANK OF CANADA | $684.8M | 6.3% | +25% | 74.8 |
| 2 | $TD | TORONTO DOMINION BANK | $555.3M | 5.1% | +22% | 80.5 |
| 3 | — | ISHARES TR - IBOXX HI YD ETF | $399.9M | — | -72% | — |
| 4 | — | ISHARES TR - IBOXX HI YD ETF | $399.9M | — | +0% | — |
| 5 | — | ISHARES TR - MSCI USA MMENTM | $342.8M | — | +92% | — |
| 6 | $SHOP | SHOPIFY INC. | $246.9M | 2.3% | +1% | 64.9 |
| 7 | $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | $244.7M | 2.3% | +14% | 69.7 |
| 8 | $QQQCALL | INVESCO QQQ TRUST, SERIES 1 | $220.9M | — | NEW | — |
| 9 | $BN | BROOKFIELD Corp /ON/ | $202.2M | 1.9% | +30% | — |
| 10 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | $196.8M | — | NEW | — |
| 11 |  $ENB | ENBRIDGE INC | $182.4M | 1.7% | +21% | 66.7 |
| 12 |  $NVDA | NVIDIA CORP | $169.7M | 1.6% | -5% | 85.9 |
| 13 |  $CNQ | CANADIAN NATURAL RESOURCES Ltd | $168.6M | 1.6% | -21% | — |
| 14 |  $BMO | BANK OF MONTREAL /CAN/ | $166.7M | 1.5% | +297% | 76 |
| 15 |  $FNV | FRANCO NEVADA Corp | $165.7M | 1.5% | +5% | — |
| 16 |  $SU | SUNCOR ENERGY INC | $163.7M | 1.5% | +6% | — |
| 17 |  $SLF | SUN LIFE FINANCIAL INC | $161.4M | 1.5% | +50% | — |
| 18 |  $AEM | AGNICO EAGLE MINES LTD | $151.3M | 1.4% | +1% | — |
| 19 |  $CVE | CENOVUS ENERGY INC. | $148.2M | 1.4% | +23% | 51.9 |
| 20 |  $TRP | TC ENERGY CORP | $142.1M | 1.3% | +4% | — |
| 21 |  $GOOG | Alphabet Inc. | $125.4M | 1.2% | -15% | 78.2 |
| 22 |  $CRWDCALL | CrowdStrike Holdings, Inc. | $122.1M | — | NEW | 67.7 |
| 23 |  $MDBCALL | MongoDB, Inc. | $119.2M | — | +145% | 68.8 |
| 24 |  $SNOWCALL | Snowflake Inc. | $115.5M | — | NEW | 54.9 |
| 25 |  $MUPUT | MICRON TECHNOLOGY INC | $115.4M | — | NEW | 86.2 |
| 26 |  $CLS | CELESTICA INC | $109.8M | 1.0% | -9% | 69.8 |
| 27 |  $WPM | Wheaton Precious Metals Corp. | $109.0M | 1.0% | +21% | — |
| 28 |  $AAPL | Apple Inc. | $103.8M | 1.0% | -11% | 76.4 |
| 29 |  $IVZ | Invesco Ltd. | $103.6M | 1.0% | +28% | — |
| 30 |  $TECK | TECK RESOURCES LTD | $103.0M | 0.9% | +28% | — |
| 31 |  $HBM | Hudbay Minerals Inc. | $97.9M | 0.9% | +11% | — |
| 32 |  $OR | OR Royalties Inc. | $97.6M | 0.9% | -7% | — |
| 33 |  $B | BARRICK MINING CORP | $97.0M | 0.9% | -5% | 69.6 |
| 34 |  $WCN | Waste Connections, Inc. | $94.6M | 0.9% | +30% | 68.2 |
| 35 | $IVZ | Invesco Ltd. | $93.9M | 0.9% | +32% | — |
| 36 |  $RCI | ROGERS COMMUNICATIONS INC | $91.3M | 0.8% | -6% | — |
| 37 |  $AMZN | AMAZON COM INC | $86.5M | 0.8% | +0% | 68.7 |
| 38 |  $IAG | IAMGOLD CORP | $79.2M | 0.7% | +5% | 33.1 |
| 39 |  $BEPC | Brookfield Renewable Corp | $76.7M | 0.7% | +18% | — |
| 40 |  $MSFT | MICROSOFT CORP | $73.1M | 0.7% | -2% | 79.8 |
| 41 |  $CCJ | CAMECO CORP | $64.0M | 0.6% | +5% | — |
| 42 |  $BNS | BANK OF NOVA SCOTIA | $63.7M | 0.6% | +1785% | 71.1 |
| 43 |  $AMD | ADVANCED MICRO DEVICES INC | $62.9M | 0.6% | +3% | 79.8 |
| 44 |  $GIL | Gildan Activewear Inc. | $61.8M | 0.6% | +21% | — |
| 45 |  $JPM | JPMORGAN CHASE & CO | $60.8M | 0.6% | +46% | 70.7 |
| 46 | $CLSCALL | CELESTICA INC | $56.9M | — | NEW | 69.8 |
| 47 |  $DSGX | DESCARTES SYSTEMS GROUP INC | $56.8M | 0.5% | +49% | — |
| 48 | $MU | MICRON TECHNOLOGY INC | $54.4M | 0.5% | +17% | 86.2 |
| 49 |  $PAAS | PAN AMERICAN SILVER CORP | $54.0M | 0.5% | +49% | — |
| 50 |  $MGA | MAGNA INTERNATIONAL INC | $51.5M | 0.5% | -18% | — |
| 51 | $GILCALL | Gildan Activewear Inc. | $51.4M | — | NEW | — |
| 52 |  $BIP | Brookfield Infrastructure Partners L.P. | $51.3M | 0.5% | +17% | — |
| 53 |  $MRVLCALL | Marvell Technology, Inc. | $50.6M | — | -15% | 76.5 |
| 54 |  $TWLOCALL | TWILIO INC | $49.5M | — | NEW | 70.4 |
| 55 |  $AVGO | Broadcom Inc. | $48.3M | 0.5% | -34% | 84.5 |
| 56 |  $FSV | FirstService Corp | $46.8M | 0.4% | +35% | — |
| 57 |  $INTC | INTEL CORP | $46.6M | 0.4% | +3% | 45.6 |
| 58 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $44.0M | 0.4% | -8% | — |
| 59 |  $BGSI | Boyd Group Services Inc. | $43.2M | 0.4% | -17% | — |
| 60 |  $LLY | ELI LILLY & Co | $40.3M | 0.4% | +2% | 87.5 |
| 61 | $SNOW | Snowflake Inc. | $39.1M | 0.4% | +43% | 54.9 |
| 62 |  $EA | ELECTRONIC ARTS INC. | $38.9M | 0.4% | -7% | 62.9 |
| 63 |  $RBC | RBC Bearings INC | $37.9M | 0.3% | -3% | 66.8 |
| 64 | $AVGOCALL | Broadcom Inc. | $37.8M | — | NEW | 84.5 |
| 65 |  $C | CITIGROUP INC | $37.0M | 0.3% | +58% | 65 |
| 66 |  $AKAMCALL | AKAMAI TECHNOLOGIES INC | $35.5M | — | +233% | 59.5 |
| 67 | $HBMCALL | Hudbay Minerals Inc. | $35.3M | — | +50% | — |
| 68 |  $MS | MORGAN STANLEY | $35.2M | 0.3% | -10% | 75.8 |
| 69 |  $PANW | Palo Alto Networks Inc | $34.8M | 0.3% | -1% | 65.5 |
| 70 |  $LRCX | LAM RESEARCH CORP | $34.5M | 0.3% | -5% | 79.4 |
| 71 |  $TEVACALL | TEVA PHARMACEUTICAL INDUSTRIES LTD | $33.9M | — | +0% | — |
| 72 |  $RKT | Rocket Companies, Inc. | $33.7M | 0.3% | +35% | 74.2 |
| 73 |  $BA | BOEING CO | $33.6M | 0.3% | +22% | 61.6 |
| 74 |  $ROKU | ROKU, INC | $33.2M | 0.3% | +132% | 66.7 |
| 75 | $GOOGCALL | Alphabet Inc. | $32.2M | — | NEW | 78.2 |
| 76 |  $WBS | WEBSTER FINANCIAL CORP | $31.7M | 0.3% | +62% | 63.3 |
| 77 |  $PWR | QUANTA SERVICES, INC. | $31.6M | 0.3% | -17% | 72.1 |
| 78 | $TEVA | TEVA PHARMACEUTICAL INDUSTRIES LTD | $31.4M | 0.3% | +14% | — |
| 79 |  $AQN | ALGONQUIN POWER & UTILITIES CORP. | $30.4M | 0.3% | +6% | — |
| 80 |  $AIZ | ASSURANT, INC. | $30.1M | 0.3% | +21% | 67.8 |
| 81 | $CRWD | CrowdStrike Holdings, Inc. | $29.9M | 0.3% | -20% | 67.7 |
| 82 | $RKTCALL | Rocket Companies, Inc. | $29.9M | — | NEW | 74.2 |
| 83 | $CVECALL | CENOVUS ENERGY INC. | $29.7M | — | NEW | 51.9 |
| 84 | $MDB | MongoDB, Inc. | $29.4M | 0.3% | +17% | 68.8 |
| 85 |  $TJX | TJX COMPANIES INC /DE/ | $29.2M | 0.3% | +6% | 68.7 |
| 86 |  $V | VISA INC. | $28.9M | 0.3% | +17% | 82.9 |
| 87 |  $KO | COCA COLA CO | $28.8M | 0.3% | -1% | 69.5 |
| 88 |  $GH | Guardant Health, Inc. | $28.8M | 0.3% | -23% | 39 |
| 89 |  $COF | CAPITAL ONE FINANCIAL CORP | $28.7M | 0.3% | -5% | 62.4 |
| 90 | $SHOPCALL | SHOPIFY INC. | $28.5M | — | +19% | 64.9 |
| 91 |  $SNDK | Sandisk Corp | $28.4M | 0.3% | -68% | 87.7 |
| 92 |  $JHG | Janus Henderson Group Ltd. | $28.2M | 0.3% | +27% | — |
| 93 |  $CGNX | COGNEX CORP | $27.7M | 0.3% | +16% | 66.9 |
| 94 |  $WMT | Walmart Inc. | $27.0M | 0.3% | +16% | 60.2 |
| 95 |  $APGEPUT | Apogee Therapeutics, Inc. | $26.5M | — | NEW | — |
| 96 |  $CRL | CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | $26.3M | 0.2% | +22% | 43.8 |
| 97 |  $XPO | XPO, Inc. | $26.3M | 0.2% | -4% | 58.4 |
| 98 |  $TFII | TFI International Inc. | $26.2M | 0.2% | NEW | — |
| 99 |  $ADI | ANALOG DEVICES INC | $26.0M | 0.2% | -23% | 79.2 |
| 100 |  $WBD | Warner Bros. Discovery, Inc. | $25.4M | 0.2% | +31% | 41.4 |
| 101 |  $CWST | CASELLA WASTE SYSTEMS INC | $24.6M | 0.2% | +148% | 57.1 |
| 102 |  $JNJ | JOHNSON & JOHNSON | $24.5M | 0.2% | +88% | 69 |
| 103 | $MRVL | Marvell Technology, Inc. | $24.2M | 0.2% | -6% | 76.5 |
| 104 |  $ELAN | Elanco Animal Health Inc | $24.1M | 0.2% | +40% | 48.7 |
| 105 |  $VTR | Ventas, Inc. | $23.9M | 0.2% | -11% | 62.5 |
| 106 |  $PEN | Penumbra Inc | $23.7M | 0.2% | -6% | 67.1 |
| 107 |  $NVTSCALL | Navitas Semiconductor Corp | $23.7M | — | NEW | 9.8 |
| 108 |  $STX | Seagate Technology Holdings plc | $23.6M | 0.2% | -6% | — |
| 109 |  $FROGCALL | JFrog Ltd | $23.6M | — | +44% | — |
| 110 |  $CAE | CAE INC | $23.6M | 0.2% | -39% | — |
| 111 | $TECKCALL | TECK RESOURCES LTD | $23.2M | — | -79% | — |
| 112 |  $AU | AngloGold Ashanti PLC | $22.8M | 0.2% | +8% | — |
| 113 |  $DDOG | Datadog, Inc. | $22.7M | 0.2% | +1140% | 71.4 |
| 114 |  $MRK | Merck & Co., Inc. | $22.7M | 0.2% | +31% | 59.9 |
| 115 |  $VLY | VALLEY NATIONAL BANCORP | $22.5M | 0.2% | -2% | 64.6 |
| 116 |  $LYV | Live Nation Entertainment, Inc. | $22.3M | 0.2% | +25% | 52.9 |
| 117 |  $PPL | PPL Corp | $22.3M | 0.2% | -5% | 55.7 |
| 118 |  $KKR | KKR & Co. Inc. | $22.3M | 0.2% | -20% | 54.3 |
| 119 |  $HD | HOME DEPOT, INC. | $22.2M | 0.2% | -9% | 60.3 |
| 120 |  $GLW | CORNING INC /NY | $22.0M | 0.2% | -12% | 73.7 |
| 121 | $APGE | Apogee Therapeutics, Inc. | $21.9M | 0.2% | NEW | — |
| 122 |  $CAH | CARDINAL HEALTH INC | $21.8M | 0.2% | -29% | 62.4 |
| 123 |  $DHI | HORTON D R INC /DE/ | $21.3M | 0.2% | +31% | 53.6 |
| 124 |  $META | Meta Platforms, Inc. | $21.2M | 0.2% | -30% | 79.6 |
| 125 | $TWLO | TWILIO INC | $21.2M | 0.2% | +17% | 70.4 |
| 126 |  $GVA | GRANITE CONSTRUCTION INC | $21.0M | 0.2% | +0% | 54.4 |
| 127 |  $AME | AMETEK INC/ | $20.9M | 0.2% | -5% | 69.7 |
| 128 |  $NTRA | Natera, Inc. | $20.7M | 0.2% | -15% | 53.5 |
| 129 |  $FSM | FORTUNA MINING CORP. | $20.6M | 0.2% | +59% | — |
| 130 |  $DASH | DoorDash, Inc. | $20.5M | 0.2% | +5% | 71 |
| 131 |  $ALHC | Alignment Healthcare, Inc. | $20.4M | 0.2% | +140% | 64.2 |
| 132 |  $CNI | CANADIAN NATIONAL RAILWAY CO | $20.2M | 0.2% | -28% | — |
| 133 |  $HWM | Howmet Aerospace Inc. | $19.7M | 0.2% | -44% | 73.9 |
| 134 |  $CGAU | Centerra Gold Inc. | $19.7M | 0.2% | +13% | — |
| 135 |  $APO | Apollo Global Management, Inc. | $19.5M | 0.2% | -5% | 52.1 |
| 136 |  $SUNC | SunocoCorp LLC | $19.2M | 0.2% | +5% | 67.1 |
| 137 |  $QSR | Restaurant Brands International Inc. | $19.2M | 0.2% | +111% | 69.7 |
| 138 |  $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | $19.1M | 0.2% | -6% | 66.3 |
| 139 |  $PKG | PACKAGING CORP OF AMERICA | $19.1M | 0.2% | +31% | 63 |
| 140 |  $WMB | WILLIAMS COMPANIES, INC. | $18.6M | 0.2% | +13% | 64.3 |
| 141 |  $HBAN | HUNTINGTON BANCSHARES INC /MD/ | $18.5M | 0.2% | +71% | 65 |
| 142 |  $HOOD | Robinhood Markets, Inc. | $18.5M | 0.2% | -22% | 82.1 |
| 143 |  $LPAA | Launch One Acquisition Corp. | $18.1M | 0.2% | +0% | — |
| 144 |  $TLN | Talen Energy Corp | $18.1M | 0.2% | -1% | 57.2 |
| 145 |  $DOO | BRP Inc. | $18.0M | 0.2% | -42% | — |
| 146 |  $TACCALL | TRANSALTA CORP | $17.9M | — | NEW | — |
| 147 |  $NUVL | Nuvalent, Inc. | $17.9M | 0.2% | NEW | — |
| 148 |  $CAT | CATERPILLAR INC | $17.7M | 0.2% | +5% | 66.5 |
| 149 |  $LITE | Lumentum Holdings Inc. | $17.4M | 0.2% | -3% | 44.3 |
| 150 |  $PDS | PRECISION DRILLING Corp | $17.3M | 0.2% | +20% | — |
New Positions (510)
$QQQCALL INVESCO QQQ TRUST, SERIES 1$220.9M$CRWDCALL CrowdStrike Holdings, Inc.$122.1M$SNOWCALL Snowflake Inc.$115.5M$MUPUT MICRON TECHNOLOGY INC$115.4M$CLSCALL CELESTICA INC$56.9M$GILCALL Gildan Activewear Inc.$51.4M$TWLOCALL TWILIO INC$49.5M$AVGOCALL Broadcom Inc.$37.8M$GOOGCALL Alphabet Inc.$32.2M$RKTCALL Rocket Companies, Inc.$29.9M$CVECALL CENOVUS ENERGY INC.$29.7M$APGEPUT Apogee Therapeutics, Inc.$26.5M$TFII TFI International Inc.$26.2M$NVTSCALL Navitas Semiconductor Corp$23.7MExited Positions (357)
$INTUCALL INTUIT INC.$MUCALL MICRON TECHNOLOGY INC
$HOLX HOLOGIC INC
$AL AIR LEASE CORP
$SDA SunCar Technology Group Inc.$AEMCALL AGNICO EAGLE MINES LTD$CGNXCALL COGNEX CORP
$CRMCALL Salesforce, Inc.$KKRCALL KKR & Co. Inc.Browse Top Institutional Investors
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