Addenda Capital Inc.
Sector Allocation
- Financials25.0%$946.0M
- Technology19.9%$751.2M
- Materials14.1%$532.7M
- Energy13.1%$496.6M
- Industrials11.0%$416.7M
- Consumer Discretionary5.0%$187.4M
- Real Estate3.5%$133.7M
- Healthcare3.4%$127.0M
- Consumer Staples1.9%$73.7M
- Utilities1.6%$59.6M
AUM History
13fpro.ai/research/fund/addenda-capital-inc-1569411
Conviction and streaks
Stable · top 10 = 38.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
TD
$210.6MRY
$195.7MSHOP
$167.9MSU
$150.7MBNS
$139.3MBMO
$127.3MCNQ
$125.1MAEM
$120.5MBN
$112.6MENB
$107.7MCP
$105.6MCNI
$95.5MWPM
$91.2MCCJ
$89.0MMSFT
$78.7MNVDA
$76.1MAAPL
$70.9MTRP
$70.5MGOOG
$63.2MFNV
$59.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/addenda-capital-inc-1569411
Addenda Capital Inc. 13F holdings — Q3 2026
$3.8B portfolio (+2.7% QoQ) · 131 holdings · Q3 2026 13F · top 10 are 39% of the stock portfolio
$210.6M
5.6% of stocks
-3%This quarter+6.3%Since filed9+ qtrsHeld$195.7M
5.2% of stocks
-7%This quarter+4.0%Since filed9+ qtrsHeld$167.9M
4.4% of stocks
-0.3%This quarter-4.7%Since filed9+ qtrsHeld$150.7M
4.0% of stocks
+99%This quarter+5.7%Since filed9+ qtrsHeld$139.3M
3.7% of stocks
-0.5%This quarter+3.4%Since filed9+ qtrsHeld$127.3M
3.4% of stocks
-14%This quarter+3.1%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$125.1M
3.3% of stocks
+2%This quarter+5.7%Since filed9+ qtrsHeld$120.5M
3.2% of stocks
+18%This quarter-5.3%Since filed9+ qtrsHeld$112.6M
3.0% of stocks
-0.5%This quarter+3.5%Since filed9+ qtrsHeld$107.7M
2.9% of stocks
+4%This quarter+1.7%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Addenda Capital Inc. (Q3 2026)
131 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $105.6M | 2.8% | 869K | +4% | 9+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CANADIAN NATIONAL RAILWAY CO | Industrials | $95.5M | 2.5% | 564K | +3% | 9+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Wheaton Precious Metals Corp. | Materials | $91.2M | 2.4% | 480K | +27% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | CAMECO CORP | Materials | $89.0M | 2.4% | 722K | -0.0% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | MICROSOFT CORP | Technology | $78.7M | 2.1% | 153K | +18% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | NVIDIA CORP | Technology | $76.1M | 2.0% | 333K | +26% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Apple Inc. | Technology | $70.9M | 1.9% | 213K | -3% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | TC ENERGY CORP | Energy | $70.5M | 1.9% | 846K | -0.3% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Alphabet Inc. | Technology | $63.2M | 1.7% | 186K | +7% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | FRANCO NEVADA Corp | Materials | $59.6M | 1.6% | 176K | +22% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | MANULIFE FINANCIAL CORP | Financials | $59.1M | 1.6% | 974K | +2% | 9+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Broadcom Inc. | Technology | $51.6M | 1.4% | 147K | -12% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | CELESTICA INC | Technology | $48.4M | 1.3% | 94K | +37% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | AMAZON COM INC | Consumer Discretionary | $47.3M | 1.3% | 190K | +5% | 9+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Brookfield Infrastructure Partners L.P.lp unit | Industrials | $39.5M | 1.1% | 780K | +0.3% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CM | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $39.2M | 1.0% | 248K | -16% | |||
| 27 | $PBA | PEMBINA PIPELINE CORP | Energy | $38.6M | 1.0% | 608K | +0.2% | |||
| 28 | $HBM | Hudbay Minerals Inc. | Materials | $37.7M | 1.0% | 992K | -47% | |||
| 29 | $V | VISA INC. | Financials | $36.6M | 1.0% | 102K | +4% | |||
| 30 | $APH | AMPHENOL CORP /DE/ | Technology | $34.6M | 0.9% | 410K | +114% | |||
| 31 | $FFIV | F5, INC. | Technology | $34.1M | 0.9% | 77K | +6% | |||
| 32 | $WCN | Waste Connections, Inc. | Utilities | $33.3M | 0.9% | 152K | -19% | |||
| 33 | $QSR | Restaurant Brands International Inc. | Consumer Discretionary | $31.7M | 0.8% | 310K | -0.7% | |||
| 34 | $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $28.3M | 0.8% | 99K | +1% | |||
| 35 | $JPM | JPMORGAN CHASE & CO | Financials | $27.9M | 0.7% | 84K | -3% | |||
| 36 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $27.7M | 0.7% | 41K | +5% | |||
| 37 | $PANW | Palo Alto Networks Inc | Technology | $27.0M | 0.7% | 68K | +27% | |||
| 38 | $TFII | TFI International Inc. | Industrials | $24.6M | 0.7% | 143K | +21% | |||
| 39 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $22.7M | 0.6% | 171K | +7% | |||
| 40 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $21.6M | 0.6% | 133K | +7% | |||
| 41 | $CIGI | Colliers International Group Inc. | Real Estate | $21.1M | 0.6% | 165K | -1% | |||
| 42 | $SCHW | SCHWAB CHARLES CORP | Financials | $20.9M | 0.6% | 214K | +5% | |||
| 43 | $STE | STERIS plc | Healthcare | $19.8M | 0.5% | 94K | +21% | |||
| 44 | $LIN | LINDE PLC | Materials | $19.0M | 0.5% | 40K | +6% | |||
| 45 | $SPGI | S&P Global Inc. | Financials | $18.1M | 0.5% | 46K | +22% | |||
| 46 | $URI | UNITED RENTALS, INC. | Industrials | $17.8M | 0.5% | 18K | +6% | |||
| 47 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $17.0M | 0.5% | 19K | +7% | |||
| 48 | $BCE | BCE INC | Communication Services | $16.6M | 0.4% | 565K | +21% | |||
| 49 | $BAM | Brookfield Asset Management Ltd. | Financials | $16.4M | 0.4% | 259K | -0.4% | |||
| 50 | $CAE | CAE INC | Technology | $16.3M | 0.4% | 476K | +25% | |||
| 51 | $GIL | Gildan Activewear Inc. | Consumer Discretionary | $15.8M | 0.4% | 260K | +31% | |||
| 52 | $TECK | TECK RESOURCES LTD | Materials | $15.6M | 0.4% | 166K | -0.6% | |||
| 53 | $MEOH | METHANEX CORP | Materials | $15.3M | 0.4% | 183K | — | |||
| 54 | $CAT | CATERPILLAR INC | Industrials | $15.2M | 0.4% | 19K | — | |||
| 55 | $MGA | MAGNA INTERNATIONAL INC | Industrials | $14.8M | 0.4% | 163K | — | |||
| 56 | $SYK | STRYKER CORP | Healthcare | $14.4M | 0.4% | 52K | +65% | |||
| 57 | $GIB | CGI INC | Technology | $14.0M | 0.4% | 145K | +53% | |||
| 58 | $EMA | EMERA INC | Utilities | $14.0M | 0.4% | 206K | -51% | |||
| 59 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $13.8M | 0.4% | 28K | +8% | |||
| 60 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $13.1M | 0.3% | 59K | -9% | |||
| 61 | $SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $12.9M | 0.3% | 197K | +10% | |||
| 62 | $MRK | Merck & Co., Inc. | Healthcare | $12.8M | 0.3% | 88K | — | |||
| 63 | $KGC | KINROSS GOLD CORP | Materials | $12.8M | 0.3% | 374K | -77% | |||
| 64 | $SLF | SUN LIFE FINANCIAL INC | Financials | $12.4M | 0.3% | 111K | -0.9% | |||
| 65 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $12.3M | 0.3% | 27K | +21% | |||
| 66 | $FTS | Fortis Inc. | Utilities | $12.2M | 0.3% | 163K | -4% | |||
| 67 | $GOOGL | Alphabet Inc. | Technology | $12.2M | 0.3% | 36K | — | |||
| 68 | $AGI | ALAMOS GOLD INC | Materials | $12.1M | 0.3% | 263K | -66% | |||
| 69 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $11.7M | 0.3% | 22K | New | |||
| 70 | $SHW | SHERWIN WILLIAMS CO | Materials | $11.5M | 0.3% | 36K | +6% | |||
| 71 | $CSCO | CISCO SYSTEMS, INC. | Technology | $11.4M | 0.3% | 105K | — | |||
| 72 | $BHP | BHP Group Ltd | Materials | $11.0M | 0.3% | 129K | — | |||
| 73 | $NTR | Nutrien Ltd. | Materials | $10.8M | 0.3% | 107K | -5% | |||
| 74 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $10.6M | 0.3% | 182K | +7% | |||
| 75 | $UNP | UNION PACIFIC CORP | Industrials | $10.2M | 0.3% | 38K | +7% | |||
| 76 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $10.1M | 0.3% | 55K | -23% | |||
| 77 | $JNJ | JOHNSON & JOHNSON | Healthcare | $9.9M | 0.3% | 37K | — | |||
| 78 | $DE | DEERE & CO | Industrials | $9.6M | 0.3% | 14K | — | |||
| 79 | $RMD | RESMED INC | Healthcare | $9.4M | 0.3% | 43K | -45% | |||
| 80 | $KO | COCA COLA CO | Consumer Staples | $9.2M | 0.2% | 106K | — | |||
| 81 | $EMR | EMERSON ELECTRIC CO | Industrials | $9.1M | 0.2% | 59K | — | |||
| 82 | $RBA | RB GLOBAL INC. | Industrials | $8.9M | 0.2% | 77K | — | |||
| 83 | $WMT | Walmart Inc. | Consumer Staples | $8.8M | 0.2% | 85K | — | |||
| 84 | $CHD | CHURCH & DWIGHT CO INC /DE/ | Consumer Staples | $8.8M | 0.2% | 93K | +7% | |||
| 85 | $RIO | RIO TINTO PLC | Materials | $8.6M | 0.2% | 92K | — | |||
| 86 | $FDX | FEDEX CORP | Industrials | $8.6M | 0.2% | 30K | — | |||
| 87 | $TRU | TransUnion | Financials | $8.4M | 0.2% | 138K | +6% | |||
| 88 | $META | Meta Platforms, Inc. | Technology | $8.3M | 0.2% | 12K | — | |||
| 89 | $PFE | PFIZER INC | Healthcare | $8.3M | 0.2% | 291K | — | |||
| 90 | $RCI | ROGERS COMMUNICATIONS INC | Communication Services | $7.5M | 0.2% | 170K | — | |||
| 91 | $BGSI | Boyd Group Services Inc. | Consumer Discretionary | $7.5M | 0.2% | 67K | -0.4% | |||
| 92 | $STN | STANTEC INC | Technology | $7.4M | 0.2% | 77K | — | |||
| 93 | $DOW | DOW INC. | Materials | $7.4M | 0.2% | 270K | — | |||
| 94 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $7.4M | 0.2% | 79K | — | |||
| 95 | $MA | Mastercard Inc | Financials | $7.4M | 0.2% | 13K | — | |||
| 96 | $T | AT&T INC. | Communication Services | $7.1M | 0.2% | 292K | — | |||
| 97 | $BR | BROADRIDGE FINANCIAL SOLUTIONS, INC. | Industrials | $7.0M | 0.2% | 43K | -0.5% | |||
| 98 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $6.9M | 0.2% | 31K | — | |||
| 99 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $6.6M | 0.2% | 71K | — | |||
| 100 | $TRI | THOMSON REUTERS CORP /CAN/ | Communication Services | $6.6M | 0.2% | 48K | — | |||
| 101 | $DIS | Walt Disney Co | Communication Services | $6.4M | 0.2% | 61K | — | |||
| 102 | $MDT | Medtronic plc | Healthcare | $6.4M | 0.2% | 73K | — | |||
| 103 | $F | FORD MOTOR CO | Consumer Discretionary | $6.3M | 0.2% | 526K | — | |||
| 104 | $DEO | DIAGEO PLC | Consumer Staples | $6.2M | 0.2% | 73K | — | |||
| 105 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $5.7M | 0.1% | 39K | — | |||
| 106 | $HMC | HONDA MOTOR CO LTD | Consumer Discretionary | $5.7M | 0.1% | 179K | — | |||
| 107 | $PEP | PEPSICO INC | Consumer Staples | $5.6M | 0.1% | 44K | — | |||
| 108 | — | ISHARES TR - RUSSELL 2000 ETF | — | $5.5M | 0.1% | 20K | +5% | |||
| 109 | $ABT | ABBOTT LABORATORIES | Healthcare | $5.5M | 0.1% | 55K | — | |||
| 110 | $Q | Qnity Electronics, Inc. | Technology | $5.1M | 0.1% | 41K | — | |||
| 111 | $MCD | MCDONALDS CORP | Consumer Discretionary | $4.6M | 0.1% | 20K | — | |||
| 112 | $OR | OR Royalties Inc. | Materials | $4.6M | 0.1% | 94K | +116% | |||
| 113 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $4.5M | 0.1% | 16K | — | |||
| 114 | $INTU | INTUIT INC. | Technology | $4.1M | 0.1% | 15K | -57% | |||
| 115 | $DD | DuPont de Nemours, Inc. | Materials | $3.5M | 0.1% | 27K | -0.0% | |||
| 116 | $NKE | NIKE, Inc. | Consumer Discretionary | $3.0M | 0.1% | 84K | — | |||
| 117 | — | AYA GOLD & SILVER INC - COM | — | $2.8M | 0.1% | 73K | +78% | |||
| 118 | $CCEP | COCA-COLA EUROPACIFIC PARTNERS plc | Consumer Staples | $1.8M | 0.1% | 17K | +628% | |||
| 119 | $CVE | CENOVUS ENERGY INC. | Energy | $1.7M | 0.0% | 38K | -87% | |||
| 120 | $DOO | BRP Inc. | Industrials | $1.5M | 0.0% | 18K | -7% | |||
| 121 | $IMO | IMPERIAL OIL LTD | Energy | $1.5M | 0.0% | 8,300 | +178% | |||
| 122 | $B | BARRICK MINING CORP | Materials | $1.2M | 0.0% | 20K | +289% | |||
| 123 | $BHC | Bausch Health Companies Inc. | Healthcare | $1.1M | 0.0% | 132K | New | |||
| 124 | $BIPC | Brookfield Infrastructure Corp | Energy | $987K | 0.0% | 19K | — | |||
| 125 | — | ISHARES TR - EAFE GRWTH ETF | — | $976K | 0.0% | 8,143 | New | |||
| 126 | $LSPD | Lightspeed Commerce Inc. | Technology | $731K | 0.0% | 53K | New | |||
| 127 | $IAG | IAMGOLD CORP | Materials | $721K | 0.0% | 27K | -1% | |||
| 128 | $OGC | OceanaGold Corp | Materials | $291K | 0.0% | 7,420 | New | |||
| 129 | $EQX | Equinox Gold Corp. | Materials | $269K | 0.0% | 17K | -63% | |||
| 130 | $TU | TELUS CORP | Communication Services | $235K | 0.0% | 19K | — | |||
| 131 | $NMG | Nouveau Monde Graphite Inc. | Materials | $122K | 0.0% | 71K | New |
What changed in Q3 2026
Against the previous quarter's 13F: 6 new, 50 added to, 35 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.
New positions (6)
$IDXXIDEXX LABORATORIES INC /DE$11.7M
first bought this quarter
$BHCBausch Health Companies Inc.$1.1M
first bought this quarter
- ISHARES TR - EAFE GRWTH ETF$976K
first bought this quarter
$LSPDLightspeed Commerce Inc.$731K
first bought this quarter
$OGCOceanaGold Corp$291K
first bought this quarter
$NMGNouveau Monde Graphite Inc.$122K
first bought this quarter
Added to (50)
now $150.7M · held 9+ qtrs, 2 adds in a row
now $91.2M · held 9+ qtrs
$APHAMPHENOL CORP /DE/+114%
now $34.6M · held 9+ qtrs
now $120.5M · held 9+ qtrs
now $76.1M · held 9+ qtrs
$CLSCELESTICA INC+37%
now $48.4M · held 3 qtrs, 3 adds in a row
+44 more in the Excel export
Trimmed (35)
$KGCKINROSS GOLD CORP-77%
now $12.8M · held 4 qtrs
$HBMHudbay Minerals Inc.-47%
now $37.7M · held 4 qtrs
$AGIALAMOS GOLD INC-66%
now $12.1M · held 8 qtrs, 4 trims in a row
now $127.3M · held 9+ qtrs, 4 trims in a row
$EMAEMERA INC-51%
now $14.0M · held 6 qtrs
now $195.7M · held 9+ qtrs
+29 more in the Excel export
Holdings by quarter
Every 13F Addenda Capital Inc. has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Addenda Capital?
Q3 2026 13F filed with the SEC on Oct 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Addenda Capital's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 11 of the 20 are scored)
Top 10 since filing
+2.5%
Value-weighted move of the 10 largest stock positions
Turnover
6%
Last quarter; 19% over the last 4
Top 10 weight
39%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
97%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Addenda Capital Inc. disclosed 131 positions worth $3.8B in its Form 13F-HR for Q3 2026, led by $TD (TORONTO DOMINION BANK) at 5.6% of the equity portfolio, followed by $RY and $SHOP. During the quarter the fund opened 6 new positions and exited 3 — including a new stake in $IDXX and a full exit from $GGG. The portfolio is most concentrated in Financials (25.0% of disclosed assets). All figures are sourced directly from Addenda Capital Inc.’s Form 13F-HR filing with the SEC under CIK 1569411.
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AI-Powered Hedge Fund Analysis: Addenda Capital Inc.
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Every holding in Addenda Capital Inc.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.