Triasima Portfolio Management inc.
13F Reported Value
ⓘ$661.5M
Holdings
137
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Triasima Portfolio Management inc. disclosed 137 positions worth $661.5M in its Form 13F-HR for Q1 2026, led by $RY (ROYAL BANK OF CANADA) at 6.2% of the equity portfolio, followed by $TD and $CM. During the quarter the fund opened 24 new positions and exited 30 — including a new stake in $TFII and a full exit from $BABA. The portfolio is most concentrated in Financials (26.9% of disclosed assets). All figures are sourced directly from Triasima Portfolio Management inc.’s Form 13F-HR filing with the SEC under CIK 1938757.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$40.8M253,012 sh - —
Quality
$25.7M276,049 sh - $21.8M231,237 sh
- —
Quality
$19.0M140,804 sh - —
Quality
$18.4M155,216 sh - —
Quality
$15.4M506,825 sh - $15.3M203,790 sh
- —
Quality
$14.3M256,307 sh - 80.2
Quality
$13.7M47,734 sh - —
Quality
$12.2M223,230 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 ROYAL BANK OF CANADA$RY | — | $40.8M | 253,012 |
 TORONTO DOMINION BANK$TD | — | $25.7M | 276,049 |
 CANADIAN IMPERIAL BANK OF COMMERCE /CAN/$CM | — | $21.8M | 231,237 |
 BANK OF MONTREAL /CAN/$BMO | — | $19.0M | 140,804 |
 SHOPIFY INC.$SHOP | — | $18.4M | 155,216 |
 KINROSS GOLD CORP$KGC | — | $15.4M | 506,825 |
 MILLICOM INTERNATIONAL CELLULAR SA$TIGO | — | $15.3M | 203,790 |
 Fortis Inc.$FTS | — | $14.3M | 256,307 |
 Alphabet Inc.$GOOG | 80.2 | $13.7M | 47,734 |
 PAN AMERICAN SILVER CORP$PAAS | — | $12.2M | 223,230 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Triasima Portfolio Management inc.'s 137 positions.
Showing top 10 of 137 holdings.
Sector Allocation
Financials
$178.1M
Technology
$136.9M
Materials
$90.8M
Industrials
$77.7M
Energy
$40.1M
Communication Services
$29.5M
Consumer Discretionary
$26.6M
Healthcare
$23.7M
Full Holdings — Triasima Portfolio Management inc. (Q1 2026)
All 137 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 | $RY | ROYAL BANK OF CANADA | $40.8M | 6.2% | +5% | — |
| 2 | $TD | TORONTO DOMINION BANK | $25.7M | 3.9% | +10% | — |
| 3 | $CM | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | $21.8M | 3.3% | +4% | — |
| 4 | $BMO | BANK OF MONTREAL /CAN/ | $19.0M | 2.9% | +21% | — |
| 5 | $SHOP | SHOPIFY INC. | $18.4M | 2.8% | -15% | — |
| 6 | $KGC | KINROSS GOLD CORP | $15.4M | 2.3% | -35% | — |
| 7 | $TIGO | MILLICOM INTERNATIONAL CELLULAR SA | $15.3M | 2.3% | +0% | — |
| 8 | $FTS | Fortis Inc. | $14.3M | 2.1% | +2% | — |
| 9 | $GOOG | Alphabet Inc. | $13.7M | 2.1% | +3% | 80.2 |
| 10 | $PAAS | PAN AMERICAN SILVER CORP | $12.2M | 1.8% | -12% | — |
| 11 |  $HBM | Hudbay Minerals Inc. | $12.0M | 1.8% | -2% | — |
| 12 |  $CCJ | CAMECO CORP | $11.8M | 1.8% | +2% | — |
| 13 |  $TJX | TJX COMPANIES INC /DE/ | $11.4M | 1.7% | +3% | 70.7 |
| 14 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $11.0M | 1.7% | -10% | — |
| 15 |  $MSFT | MICROSOFT CORP | $10.7M | 1.6% | +1% | 83.7 |
| 16 |  $CLS | CELESTICA INC | $10.5M | 1.6% | -6% | 69 |
| 17 |  $CIB | Grupo Cibest S.A. | $10.4M | 1.6% | +3% | — |
| 18 |  $IMO | IMPERIAL OIL LTD | $9.5M | 1.4% | -13% | — |
| 19 |  $FER | Ferrovial N.V. | $9.2M | 1.4% | +11% | — |
| 20 |  $CVE | CENOVUS ENERGY INC. | $9.1M | 1.4% | -24% | — |
| 21 |  $NVDA | NVIDIA CORP | $9.0M | 1.4% | -27% | 90.2 |
| 22 |  $WELL | WELLTOWER INC. | $8.9M | 1.4% | +1% | 75.7 |
| 23 |  $BNS | BANK OF NOVA SCOTIA | $8.9M | 1.3% | -1% | — |
| 24 |  $NVS | NOVARTIS AG | $8.0M | 1.2% | +5% | — |
| 25 |  $ENB | ENBRIDGE INC | $7.9M | 1.2% | -37% | — |
| 26 |  $TFII | TFI International Inc. | $7.5M | 1.1% | NEW | — |
| 27 |  $BCE | BCE INC | $7.5M | 1.1% | NEW | — |
| 28 |  $AGI | ALAMOS GOLD INC | $7.0M | 1.1% | +1% | — |
| 29 |  $AVGO | Broadcom Inc. | $6.9M | 1.1% | -44% | 86.4 |
| 30 | — | GRANITE REAL ESTATE INVT TR | $6.9M | 1.0% | NEW | — |
| 31 |  $GILD | GILEAD SCIENCES, INC. | $6.7M | 1.0% | +2% | 77.8 |
| 32 |  $AER | AerCap Holdings N.V. | $6.6M | 1.0% | +12% | — |
| 33 |  $GEV | GE Vernova Inc. | $6.6M | 1.0% | -20% | 70.1 |
| 34 |  $FIX | COMFORT SYSTEMS USA INC | $6.4M | 1.0% | +13% | 79.5 |
| 35 |  $GS | GOLDMAN SACHS GROUP INC | $6.3M | 0.9% | +2% | — |
| 36 |  $AAPL | Apple Inc. | $6.2M | 0.9% | +33% | 76.1 |
| 37 |  $LRCX | LAM RESEARCH CORP | $6.2M | 0.9% | +12% | 82.4 |
| 38 |  $CNI | CANADIAN NATIONAL RAILWAY CO | $6.2M | 0.9% | +55% | — |
| 39 |  $JPM | JPMORGAN CHASE & CO | $6.1M | 0.9% | -35% | 35.6 |
| 40 |  $MGA | MAGNA INTERNATIONAL INC | $5.9M | 0.9% | +4% | — |
| 41 |  $SPG | SIMON PROPERTY GROUP INC. | $5.9M | 0.9% | NEW | 76.9 |
| 42 |  $LLY | ELI LILLY & Co | $5.8M | 0.9% | +6% | 89.3 |
| 43 |  $UBS | UBS Group AG | $5.8M | 0.9% | +3% | — |
| 44 |  $MFC | MANULIFE FINANCIAL CORP | $5.8M | 0.9% | +1015% | — |
| 45 |  $WPM | Wheaton Precious Metals Corp. | $5.6M | 0.8% | +155% | — |
| 46 |  $MCK | MCKESSON CORP | $5.3M | 0.8% | +13% | 63.7 |
| 47 |  $CHRW | C. H. ROBINSON WORLDWIDE, INC. | $5.2M | 0.8% | +0% | 59.8 |
| 48 |  $INTC | INTEL CORP | $5.1M | 0.8% | +85% | 41.5 |
| 49 |  $SPGI | S&P Global Inc. | $4.7M | 0.7% | NEW | 79.4 |
| 50 |  $KLAC | KLA CORP | $4.6M | 0.7% | -21% | 84.4 |
| 51 |  $EZPW | EZCORP INC | $4.5M | 0.7% | +5% | 65.7 |
| 52 |  $CSCO | CISCO SYSTEMS, INC. | $4.4M | 0.7% | +0% | 72.3 |
| 53 |  $AEM | AGNICO EAGLE MINES LTD | $4.2M | 0.6% | -2% | — |
| 54 |  $NXT | Nextpower Inc. | $4.2M | 0.6% | +0% | 74.8 |
| 55 |  $SU | SUNCOR ENERGY INC | $4.1M | 0.6% | +2% | — |
| 56 |  $MPWR | MONOLITHIC POWER SYSTEMS INC | $4.1M | 0.6% | +0% | 76.3 |
| 57 |  $ORLA | Orla Mining Ltd. | $4.0M | 0.6% | +17% | — |
| 58 |  $BCS | BARCLAYS PLC | $4.0M | 0.6% | -7% | — |
| 59 |  $BCH | BANK OF CHILE | $4.0M | 0.6% | +39% | — |
| 60 |  $RCI | ROGERS COMMUNICATIONS INC | $4.0M | 0.6% | +8% | — |
| 61 |  $MDA | MDA Space Ltd. | $3.9M | 0.6% | NEW | — |
| 62 |  $AQN | ALGONQUIN POWER & UTILITIES CORP. | $3.8M | 0.6% | +208% | — |
| 63 |  $SOBO | South Bow Corp | $3.8M | 0.6% | -4% | — |
| 64 | — | VANGUARD INDEX FDS | $3.8M | 0.6% | -1% | — |
| 65 |  $CFG | CITIZENS FINANCIAL GROUP INC/RI | $3.7M | 0.6% | NEW | 68.8 |
| 66 |  $ALB | ALBEMARLE CORP | $3.6M | 0.6% | +23% | 50.2 |
| 67 |  $IAG | IAMGOLD CORP | $3.6M | 0.5% | -69% | — |
| 68 |  $EFXT | Enerflex Ltd. | $3.4M | 0.5% | +18% | — |
| 69 |  $PWR | QUANTA SERVICES, INC. | $3.0M | 0.5% | +1% | 62.6 |
| 70 |  $IBKR | Interactive Brokers Group, Inc. | $3.0M | 0.5% | +16% | 75.5 |
| 71 |  $MDT | Medtronic plc | $2.9M | 0.4% | -50% | — |
| 72 |  $PH | Parker-Hannifin Corp | $2.8M | 0.4% | +1% | 73.8 |
| 73 |  $JBL | JABIL INC | $2.8M | 0.4% | NEW | 51.9 |
| 74 |  $NE | Noble Corp plc | $2.7M | 0.4% | NEW | — |
| 75 |  $ASML | ASML HOLDING NV | $2.6M | 0.4% | +30% | — |
| 76 |  $TKO | TKO Group Holdings, Inc. | $2.6M | 0.4% | +2% | 73.1 |
| 77 |  $DNN | DENISON MINES CORP. | $2.6M | 0.4% | +1% | — |
| 78 |  $CAE | CAE INC | $2.6M | 0.4% | +338% | — |
| 79 |  $BN | BROOKFIELD Corp /ON/ | $2.5M | 0.4% | -84% | — |
| 80 |  $HSLV | Highlander Silver Corp. | $2.5M | 0.4% | NEW | — |
| 81 |  $ARIS | Aris Mining Corp | $2.4M | 0.4% | -28% | — |
| 82 |  $TXN | TEXAS INSTRUMENTS INC | $2.4M | 0.4% | NEW | 70.4 |
| 83 |  $NU | Nu Holdings Ltd. | $2.3M | 0.3% | -0% | — |
| 84 |  $HBAN | HUNTINGTON BANCSHARES INC /MD/ | $2.3M | 0.3% | NEW | 69.4 |
| 85 |  $PAC | Pacific Airport Group | $2.3M | 0.3% | +9% | — |
| 86 |  $EXC | EXELON CORP | $2.3M | 0.3% | -0% | 63.9 |
| 87 |  $WSM | WILLIAMS SONOMA INC | $2.2M | 0.3% | NEW | 65 |
| 88 |  $ECL | ECOLAB INC. | $2.2M | 0.3% | +5% | 64.3 |
| 89 |  $LITE | Lumentum Holdings Inc. | $2.1M | 0.3% | NEW | 63.4 |
| 90 |  $ELVA | Electrovaya Inc. | $2.1M | 0.3% | +67% | — |
| 91 |  $DOO | BRP Inc. | $2.0M | 0.3% | -64% | — |
| 92 |  $QSR | Restaurant Brands International Inc. | $2.0M | 0.3% | NEW | 71.2 |
| 93 |  $GIL | Gildan Activewear Inc. | $1.8M | 0.3% | -53% | — |
| 94 |  $IBP | Installed Building Products, Inc. | $1.7M | 0.3% | NEW | 62.4 |
| 95 |  $CNQ | CANADIAN NATURAL RESOURCES Ltd | $1.6M | 0.2% | +4% | — |
| 96 |  $RSG | REPUBLIC SERVICES, INC. | $1.6M | 0.2% | +63% | 72 |
| 97 | — | ISHARES TR | $1.5M | 0.2% | -6% | — |
| 98 |  $APH | AMPHENOL CORP /DE/ | $1.5M | 0.2% | +5% | 80.5 |
| 99 |  $POWL | POWELL INDUSTRIES INC | $1.4M | 0.2% | +1% | 69.5 |
| 100 |  $META | Meta Platforms, Inc. | $1.3M | 0.2% | -69% | 80.9 |
| 101 |  $NTR | Nutrien Ltd. | $1.3M | 0.2% | NEW | — |
| 102 |  $COR | Cencora, Inc. | $1.2M | 0.2% | +21% | 59.6 |
| 103 |  $ANET | Arista Networks, Inc. | $1.2M | 0.2% | -67% | 86 |
| 104 |  $WMT | Walmart Inc. | $1.2M | 0.2% | +0% | 63.2 |
| 105 |  $AMZN | AMAZON COM INC | $1.1M | 0.2% | +5% | 74.6 |
| 106 |  $CACI | CACI INTERNATIONAL INC /DE/ | $1.1M | 0.2% | +247% | 66.7 |
| 107 |  $GOOGL | Alphabet Inc. | $1.1M | 0.2% | +7% | 80.2 |
| 108 |  $RIG | Transocean Ltd. | $900,718 | 0.1% | NEW | — |
| 109 |  $CME | CME GROUP INC. | $779,724 | 0.1% | +7% | 74.5 |
| 110 |  $VNET | VNET Group, Inc. | $648,253 | 0.1% | +0% | — |
| 111 |  $NVT | nVent Electric plc | $637,647 | 0.1% | NEW | — |
| 112 |  $MELI | MERCADOLIBRE INC | $625,905 | 0.1% | -21% | 77.5 |
| 113 |  $CW | CURTISS WRIGHT CORP | $589,168 | 0.1% | +0% | 70.7 |
| 114 |  $FTI | TechnipFMC plc | $576,544 | 0.1% | +0% | — |
| 115 |  $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | $575,765 | 0.1% | +0% | — |
| 116 |  $NIC | NICOLET BANKSHARES INC | $561,337 | 0.1% | +2% | — |
| 117 |  $BWXT | BWX Technologies, Inc. | $538,626 | 0.1% | +76% | 68 |
| 118 |  $MCD | MCDONALDS CORP | $502,547 | 0.1% | NEW | 73.9 |
| 119 |  $QXO | QXO, Inc. | $488,607 | 0.1% | +0% | 53.5 |
| 120 |  $MA | Mastercard Inc | $476,675 | 0.1% | -62% | 81.7 |
| 121 |  $COST | COSTCO WHOLESALE CORP /NEW | $470,314 | 0.1% | -1% | 67 |
| 122 |  $CSX | CSX CORP | $455,655 | 0.1% | NEW | 66.4 |
| 123 |  $WFC | WELLS FARGO & COMPANY/MN | $436,103 | 0.1% | -9% | — |
| 124 |  $FITB | FIFTH THIRD BANCORP | $427,896 | 0.1% | NEW | — |
| 125 |  $UBER | Uber Technologies, Inc | $403,527 | 0.1% | -16% | 79.3 |
| 126 |  $NEM | NEWMONT Corp /DE/ | $400,958 | 0.1% | +4% | 88.3 |
| 127 |  $WT | WisdomTree, Inc. | $358,797 | 0.1% | +50% | 62.9 |
| 128 |  $RKT | Rocket Companies, Inc. | $318,701 | 0.1% | -89% | — |
| 129 |  $BELFA | BEL FUSE INC /NJ | $313,908 | 0.1% | +0% | 60.7 |
| 130 |  $PL | Planet Labs PBC | $300,322 | 0.1% | NEW | 42.2 |
| 131 |  $MU | MICRON TECHNOLOGY INC | $251,222 | 0.0% | +4% | 88.4 |
| 132 |  $SPHR | Sphere Entertainment Co. | $247,596 | 0.0% | NEW | 50.3 |
| 133 |  $ORLY | O REILLY AUTOMOTIVE INC | $244,621 | 0.0% | -64% | 72.7 |
| 134 |  $JOF | JAPAN SMALLER CAPITALIZATION FUND INC | $237,620 | 0.0% | +0% | — |
| 135 |  $BSX | BOSTON SCIENTIFIC CORP | $213,977 | 0.0% | -2% | 79.9 |
| 136 |  $VZLA | Vizsla Silver Corp. | $92,494 | 0.0% | -95% | — |
| 137 |  $KOPN | KOPIN CORP | $24,300 | 0.0% | -54% | 29.9 |
New Positions (24)
$TFII TFI International Inc.$7.5M$BCE BCE INC$7.5M$SPG SIMON PROPERTY GROUP INC.$5.9M$SPGI S&P Global Inc.$4.7M$MDA MDA Space Ltd.$3.9M$CFG CITIZENS FINANCIAL GROUP INC/RI$3.7M$JBL JABIL INC$2.8M$NE Noble Corp plc$2.7M$HSLV Highlander Silver Corp.$2.5M$TXN TEXAS INSTRUMENTS INC$2.4M$HBAN HUNTINGTON BANCSHARES INC /MD/$2.3M$WSM WILLIAMS SONOMA INC$2.2M$LITE Lumentum Holdings Inc.$2.1M$QSR Restaurant Brands International Inc.$2.0MExited Positions (30)
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$PANW Palo Alto Networks Inc
$NET Cloudflare, Inc.
$BNT Brookfield Wealth Solutions Ltd.
$STN STANTEC INC
$DB DEUTSCHE BANK AKTIENGESELLSCHAFT
$MRVL Marvell Technology, Inc.
$TRI THOMSON REUTERS CORP /CAN/
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