PICTON MAHONEY ASSET MANAGEMENT
Institutional investor · Portfolio as of Q2 2026
Top Holdings1,378 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
ROYAL BANK OF CANADA | 3.3M | $684.8M | 5.1% | $145.35 | +46.54% | 5 qtrssince 2025-Q2 | Increased 75 |
TORONTO-DOMINION BANK | 4.6M | $555.3M | 4.1% | $83.40 | +46.24% | 5 qtrssince 2025-Q2 | Increased 69 |
ISHR IBX USD HIYLD CB ETF-UI | 5M | $399.9M | 3.0% | — | — | — | Unchanged — |
ISHR IBX USD HIYLD CB ETF-UI | 5M | $399.9M | 3.0% | — | — | — | Decreased — |
ISHARES MSCI USA MOMENTUM FA | 1M | $342.8M | 2.5% | — | — | — | Increased — |
SHOPIFY INC - CLASS A | 2.2M | $246.9M | 1.8% | $119.09 | +23.08% | 6 qtrssince 2025-Q1 | Increased 49 |
CANADIAN PACIFIC RAILWAY LTD /CAD/ | 2.8M | $244.7M | 1.8% | $79.51 | +17.82% | 5 qtrssince 2025-Q2 | Increased 55 |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 300,000 | $220.9M | 1.6% | — | — | — | New — |
BROOKFIELD CORP /CAD/ | 4.8M | $202.2M | 1.5% | $42.83 | -1.64% | 5 qtrssince 2025-Q2 | Increased 61 |
VANECK SEMICONDUCTOR ETF | 300,000 | $196.8M | 1.5% | — | — | — | New — |
ENBRIDGE INC | 3.4M | $182.4M | 1.3% | $46.26 | +9.34% | 5 qtrssince 2025-Q2 | Increased 57 |
NVIDIA CORP | 848,217 | $169.7M | 1.3% | $133.90 | +64.11% | 26 qtrssince 2020-Q1 | Decreased 0 |
CANADIAN NATURAL RESOURCES | 4.3M | $168.6M | 1.2% | $33.10 | +49.81% | 5 qtrssince 2025-Q2 | Decreased 0 |
BANK OF MONTREAL | 945,606 | $166.7M | 1.2% | $164.52 | +10.97% | 5 qtrssince 2025-Q2 | Increased 77 |
FRANCO-NEVADA CORP /CAD/ | 796,135 | $165.7M | 1.2% | $189.28 | +23.08% | 5 qtrssince 2025-Q2 | Increased 50 |
SUNCOR ENERGY INC | 3M | $163.7M | 1.2% | $52.25 | +27.59% | 5 qtrssince 2025-Q2 | Increased 51 |
SUN LIFE FINANCIAL INC | 2.1M | $161.4M | 1.2% | $69.20 | +16.20% | 2 qtrssince 2026-Q1 | Increased 66 |
AGNICO EAGLE MINES LTD | 975,936 | $151.3M | 1.1% | $140.41 | +47.94% | 5 qtrssince 2025-Q2 | Increased 48 |
CENOVUS ENERGY INC | 6M | $148.2M | 1.1% | $16.29 | +99.68% | 5 qtrssince 2025-Q2 | Increased 58 |
TC ENERGY CORP | 2.2M | $142.1M | 1.1% | $49.12 | +30.34% | 5 qtrssince 2025-Q2 | Increased 50 |
PICTON MAHONEY ASSET MANAGEMENT manages $13.5B across 1378 positions as of Q2 2026. Top holdings: RY (5.1%), TD (4.1%), HYG (3.0%). Fund DNA: Diversified Scout. HoldingsIntel Rating: 3/5.0.
Active quarter - 474 new positions, 339 exits, 314 increased. Top move: BMO (INCREASED, conviction 77). Portfolio: $13.5B across 1378 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