1A1832 Asset Management L.P.
Institutional investor · Portfolio as of Q4 2025
Top Holdings687 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
| 75M | $51.1B | 39.0% | — | — | — | Decreased — | |
TORONTO-DOMINION BANK | 32.3M | $3B | 2.3% | $58.02 | +63.23% | 29 qtrssince 2018-Q4 | Increased 75 |
ROYAL BANK OF CANADA | 16.9M | $2.9B | 2.2% | $68.08 | +147.25% | 29 qtrssince 2018-Q4 | Increased 59 |
MICROSOFT CORP | 5.6M | $2.7B | 2.1% | $259.43 | +87.90% | 29 qtrssince 2018-Q4 | Increased 66 |
BROOKFIELD CORP /CAD/ | 45.5M | $2.1B | 1.6% | $37.41 | +23.75% | 13 qtrssince 2022-Q4 | Increased 81 |
CANADIAN NATL RAILWAY CO | 18.7M | $1.9B | 1.4% | $88.87 | +9.93% | 29 qtrssince 2018-Q4 | Increased 81 |
AMAZON.COM INC | 7.8M | $1.8B | 1.4% | $149.31 | +55.74% | 29 qtrssince 2018-Q4 | Increased 63 |
ALPHABET INC-CL A | 5.6M | $1.7B | 1.3% | $213.24 | +47.18% | 29 qtrssince 2018-Q4 | Increased 58 |
ENBRIDGE INC | 30.6M | $1.5B | 1.1% | $27.24 | +76.37% | 29 qtrssince 2018-Q4 | Increased 52 |
BANK OF NOVA SCOTIA | 18.8M | $1.4B | 1.1% | $41.36 | +78.86% | 29 qtrssince 2018-Q4 | Increased 53 |
BANK OF MONTREAL | 10.4M | $1.4B | 1.0% | $98.09 | +30.34% | 29 qtrssince 2018-Q4 | Increased 73 |
TC ENERGY CORP | 24.5M | $1.3B | 1.0% | $44.58 | +25.89% | 27 qtrssince 2019-Q2 | Increased 76 |
NVIDIA CORP | 7.1M | $1.3B | 1.0% | $132.82 | +41.20% | 29 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 7.8M | $1.3B | 1.0% | $133.61 | +22.55% | 29 qtrssince 2018-Q4 | Increased 73 |
APPLE INC | 4.4M | $1.2B | 0.9% | $214.11 | +26.63% | 29 qtrssince 2018-Q4 | Decreased 0 |
CANADIAN NATURAL RESOURCES | 31.5M | $1.1B | 0.8% | $23.59 | +43.78% | 29 qtrssince 2018-Q4 | Increased 46 |
CANADIAN PACIFIC RAILWAY LTD /CAD/ | 14.3M | $1.1B | 0.8% | $78.96 | -7.15% | 11 qtrssince 2023-Q2 | Increased 45 |
MANULIFE FINANCIAL CORP | 28.6M | $1B | 0.8% | $23.99 | +52.27% | 29 qtrssince 2018-Q4 | Increased 51 |
WASTE CONNECTIONS INC | 5.7M | $991.1M | 0.8% | $122.42 | +42.32% | 29 qtrssince 2018-Q4 | Increased 57 |
VISA INC-CLASS A SHARES | 2.7M | $953.4M | 0.7% | $171.37 | +103.43% | 29 qtrssince 2018-Q4 | Decreased 0 |
1832 Asset Management L.P. manages $131.3B across 687 positions as of Q4 2025. Top holdings: STATE STREET SPDR S&P 500 ETF (39.0%), TD (2.3%), RY (2.2%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 2/5.0.
Active quarter - 112 new positions, 85 exits, 329 increased. Top move: BN (INCREASED, conviction 81). Portfolio: $131.3B across 687 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer