PICTON MAHONEY ASSET MANAGEMENT
Institutional investor · Portfolio as of Q3 2025
Top Holdings1,069 positions
| 15M | $1.2B | 11.0% | — | — | — | Increased — | |
| 15M | $1.2B | 11.0% | — | — | — | Increased — | |
Royal Bank of Canada | 2.6M | $379.8M | 3.4% | $128.38 | +12.58% | 2 qtrssince 2025-Q2 | Increased 58 |
Toronto-Dominion Bank | 3.3M | $260M | 2.3% | $71.15 | +9.99% | 2 qtrssince 2025-Q2 | Decreased 0 |
SHOPIFY INC | 1.7M | $257.1M | 2.3% | $115.34 | +28.84% | 3 qtrssince 2025-Q1 | Decreased 0 |
Brookfield Corporation | 2.6M | $180.4M | 1.6% | $41.51 | +9.43% | 2 qtrssince 2025-Q2 | Increased 55 |
AGNICO EAGLE MINES LTD | 1M | $171.3M | 1.5% | $117.57 | +42.12% | 2 qtrssince 2025-Q2 | Decreased 0 |
CANADIAN NAT RES LTD MED TER | 5.2M | $165.3M | 1.5% | $30.51 | +1.78% | 2 qtrssince 2025-Q2 | Decreased 0 |
| 640,000 | $164.1M | 1.5% | — | — | — | New — | |
CANADIAN PACIFIC KANSAS CITY | 2.1M | $159.9M | 1.4% | $78.59 | -5.82% | 2 qtrssince 2025-Q2 | Decreased 0 |
Microsoft Corporation | 266,830 | $138.2M | 1.2% | $315.37 | +62.89% | 27 qtrssince 2019-Q1 | Increased 50 |
NVIDIA Corporation | 736,703 | $137.5M | 1.2% | $52.82 | +252.40% | 23 qtrssince 2020-Q1 | Decreased 0 |
ENBRIDGE INC | 2.7M | $136.4M | 1.2% | $42.94 | +12.94% | 2 qtrssince 2025-Q2 | Decreased 0 |
FRANCO NEV CORP | 591,206 | $131.6M | 1.2% | $172.77 | +28.32% | 2 qtrssince 2025-Q2 | Increased 56 |
OR ROYALTIES INC. | 3.1M | $124.6M | 1.1% | $25.57 | +55.89% | 2 qtrssince 2025-Q2 | Decreased 0 |
CANADIAN IMPERIAL BANK OF CO | 1.5M | $118M | 1.1% | $72.94 | +7.19% | 2 qtrssince 2025-Q2 | Increased 70 |
TC ENERGY CORP | 2M | $110.7M | 1.0% | $47.36 | +11.52% | 2 qtrssince 2025-Q2 | Decreased 0 |
CENOVUS ENERGY INC | 6.4M | $108.5M | 1.0% | $13.83 | +20.85% | 2 qtrssince 2025-Q2 | Increased 49 |
Apple Inc. | 420,307 | $107M | 1.0% | $198.55 | +27.78% | 27 qtrssince 2019-Q1 | Increased 50 |
| 240,000 | $106.7M | 1.0% | — | — | — | Decreased — |
PICTON MAHONEY ASSET MANAGEMENT manages $11.1B across 1069 positions as of Q3 2025. Top holdings: ISHARES TR calls (11.0%), ISHARES TR puts (11.0%), RY (3.4%). Fund DNA: Diversified Scout. HoldingsIntel Score: 2/5.0.
Active quarter - 300 new positions, 193 exits, 200 increased. Top move: CM (INCREASED, conviction 70). Portfolio: $11.1B across 1069 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
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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