Picton Mahoney Asset Management
Institutional investor · Portfolio as of Q1 2026
Top Holdings1,238 positions
 ISHARES TR | 17.8M | $1.4B | 10.5% | — | — | — | Increased — |
 ISHARES TR | 5M | $545M | 4.0% | — | — | — | Unchanged — |
 Royal Bank Of Canada | 2.7M | $429.2M | 3.2% | $129.50 | +22.56% | 4 qtrssince 2025-Q2 | Increased 57 |
ISHARES TR | 5M | $397.8M | 2.9% | — | — | — | Decreased — |
 The Toronto Dominion Bank | 3.7M | $350M | 2.6% | $73.85 | +23.68% | 4 qtrssince 2025-Q2 | Increased 59 |
ISHARES TR | 2.5M | $272.5M | 2.0% | — | — | — | Decreased — |
 Canadian Natural Resources Limited | 5.4M | $262.5M | 1.9% | $32.81 | +45.65% | 4 qtrssince 2025-Q2 | Increased 56 |
 Shopify Inc. | 2.1M | $253.5M | 1.9% | $119.97 | -1.12% | 5 qtrssince 2025-Q1 | Increased 54 |
 Agnico Eagle Mines Limited | 968,916 | $196.7M | 1.5% | $135.15 | +49.49% | 4 qtrssince 2025-Q2 | Increased 59 |
 Canadian Pacific Kansas City Limited | 2.5M | $195.2M | 1.4% | $78.33 | -0.02% | 4 qtrssince 2025-Q2 | Increased 53 |
 Suncor Energy Inc. | 2.9M | $190.2M | 1.4% | $57.24 | +14.00% | 4 qtrssince 2025-Q2 | Increased 78 |
 Franco-Nevada Corporation | 759,289 | $188.1M | 1.4% | $186.93 | +31.66% | 4 qtrssince 2025-Q2 | Increased 57 |
 ISHARES TR | 2M | $173.4M | 1.3% | — | — | — | New — |
 NVIDIA Corporation | 889,790 | $155.2M | 1.1% | $74.56 | +133.39% | 25 qtrssince 2020-Q1 | Increased 53 |
 Enbridge Inc | 2.8M | $150.7M | 1.1% | $43.34 | +21.66% | 4 qtrssince 2025-Q2 | Increased 50 |
 Brookfield Corporation | 3.7M | $148.2M | 1.1% | $41.50 | -2.81% | 4 qtrssince 2025-Q2 | Increased 48 |
 ISHARES TR | 2.4M | $136.3M | 1.0% | — | — | — | New — |
 TC Energy Corporation | 2.1M | $129.1M | 1.0% | $47.47 | +29.29% | 4 qtrssince 2025-Q2 | Increased 43 |
 Cenovus Energy Inc | 4.9M | $128.8M | 1.0% | $14.01 | +87.47% | 4 qtrssince 2025-Q2 | Decreased 0 |
 OR Royalties Inc. | 3.3M | $127.2M | 0.9% | $26.38 | +43.57% | 4 qtrssince 2025-Q2 | Increased 45 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2024-Q4 | $4,900,271,000 | 60.3631402472% |
| 2025-Q1 | $5,808,165,000 | 18.5274242996% |
| 2025-Q2 | $9,714,578,000 | 67.2572662795% |
| 2025-Q3 | $11,082,966,000 | 14.0859232383% |
| 2025-Q4 | $12,913,301,125 | 16.514849229% |
| 2026-Q1 | $13,546,203,166 | 4.90116380679% |
Picton Mahoney Asset Management manages $13.5B across 1238 positions as of Q1 2026. Top holdings: HYG puts (10.5%), LQD puts (4.0%), RY (3.2%). Fund DNA: Momentum Trader. HoldingsIntel Score: 2/5.0.
Active quarter - 266 new positions, 241 exits, 341 increased. Top move: SU (INCREASED, conviction 78). Portfolio: $13.5B across 1238 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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
Verify source filings on SEC EDGAR