How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to TD Waterhouse Canada

13F Portfolio OverlapQ1 2026TD Waterhouse Canada portfolio →

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Most similar hedge funds by 13F overlap

TD Waterhouse Canada Inc. is an institutional investor managing $33.7B across 2,307 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to TD Waterhouse Canada are MUFG SECURITIES (CANADA), LTD., BANK OF NOVA SCOTIA, CIBC WORLD MARKET, with shared positions in $TD, $RY, $ENB, $BMO, $CM, $AEM. The full ranking of 25 similar funds is below.

#1MUFG SECURITIES (CANADA), LTD.Active

Highly similar · 23 shared positions

$TD $RY $ENB $BMO $CM $AEM

$3.5B

43 positions

#2BANK OF NOVA SCOTIA TRUST COActive

Substantial overlap · 18 shared positions

$TD $RY $ENB $BMO $CNQ $SU

$1.2B

161 positions

#3CIBC WORLD MARKET INC.Passive

Substantial overlap · 19 shared positions

$TD $RY $BMO $ENB $CNQ $CM

$61.3B

1,463 positions

#4Guardian Partners Inc.Active

Substantial overlap · 16 shared positions

$RY $TD $ENB $BMO $CM $CNQ

$1.2B

192 positions

#5SCOTIA CAPITAL INC.Active

Substantial overlap · 18 shared positions

$RY $TD $ENB $BNS $BMO $CNQ

$24.3B

916 positions

#6Addenda Capital Inc.Active

Substantial overlap · 17 shared positions

$TD $RY $ENB $BMO $AEM $CNQ

$3.6B

129 positions

#7Scheer, Rowlett & Associates Investment Management Ltd.Active

Substantial overlap · 17 shared positions

$TD $RY $BMO $ENB $CNQ $SU

$1.4B

33 positions

#8GUARDIAN CAPITAL LPActive

Substantial overlap · 15 shared positions

$RY $TD $BMO $AEM $CNQ $SU

$3.8B

177 positions

#9Federation des caisses Desjardins du QuebecPassive

Substantial overlap · 18 shared positions

$RY $TD $SU $BMO $BNS $TRP

$27.8B

2,964 positions

#10CIBC Asset Management IncActive

Substantial overlap · 17 shared positions

$RY $TD $BMO $AEM $CM $ENB

$40.9B

1,372 positions

#11Lorne Steinberg Wealth Management Inc.Passive

Substantial overlap · 14 shared positions

$RY $TD $BMO $CM $TRP $BNS

$422M

68 positions

#12INTACT INVESTMENT MANAGEMENT INC.Passive

Substantial overlap · 20 shared positions

$RY $TD $SU $MFC $BMO $CNI

$3.5B

269 positions

#131832 Asset Management L.P.Active

Substantial overlap · 16 shared positions

$TD $RY $ENB $TRP $CNQ $BMO

$108.8B

647 positions

#14TD ASSET MANAGEMENT INCPassive

Substantial overlap · 18 shared positions

$RY $TD $BMO $ENB $CM $AEM

$123.2B

1,230 positions

#15Hillsdale Investment Management Inc.Passive

Substantial overlap · 15 shared positions

$RY $TD $CM $AEM $BNS $BMO

$3.7B

655 positions

#16Cardinal Capital Management, Inc.Active

Substantial overlap · 13 shared positions

$RY $BMO $CM $SU $BNS $TRP

$3.7B

66 positions

#17Tacita Capital IncPassive

Substantial overlap · 16 shared positions

$RY $TD $ENB $BNS $TRP $BN

$169M

238 positions

#18Connor, Clark & Lunn Investment Management Ltd.Passive

Substantial overlap · 16 shared positions

$RY $TD $AEM $ENB $SU $CM

$43.4B

1,526 positions

#19MACKENZIE FINANCIAL CORPPassive

Substantial overlap · 18 shared positions

$RY $TD $AEM $CNQ $CP $BMO

$83.3B

1,420 positions

#20Aviso Financial Inc.Active

Substantial overlap · 15 shared positions

$TD $ENB $BMO $CM $CNQ $BN

$2.8B

338 positions

#21PICTON MAHONEY ASSET MANAGEMENTPassive

Substantial overlap · 13 shared positions

$RY $TD $CNQ $AEM $SU $ENB

$13.5B

1,238 positions

#22PCJ Investment Counsel Ltd.Passive

Substantial overlap · 14 shared positions

$RY $TD $ENB $CNQ $AEM $BMO

$352M

59 positions

#23Gold Investment Management Ltd.Passive

Substantial overlap · 13 shared positions

$TD $RY $SU $BNS $MFC $CM

$323M

201 positions

#24TORONTO DOMINION BANKPassive

Substantial overlap · 16 shared positions

$RY $CM $CNQ $SU $BNS $ENB

$69.7B

2,092 positions

#25BANK OF MONTREAL /CAN/Passive

Substantial overlap · 17 shared positions

$RY $TD $BNS $CM $BMO $TRP

$268.5B

3,733 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.