Connor, Clark & Lunn Investment Management Ltd.
Institutional investor · Portfolio as of Q1 2025
Top Holdings1,383 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
ROYAL BANK OF CANADA | 11.4M | $1.3B | 5.6% | $70.28 | +55.58% | 26 qtrssince 2018-Q4 | Increased 64 |
AGNICO EAGLE MINES LTD | 6.7M | $728.2M | 3.2% | $63.37 | +68.00% | 26 qtrssince 2018-Q4 | Increased 65 |
SHOPIFY INC - CLASS A | 6.6M | $628.2M | 2.7% | $56.15 | +72.19% | 26 qtrssince 2018-Q4 | Decreased 0 |
TORONTO-DOMINION BANK | 9.7M | $579.4M | 2.5% | $44.08 | +33.60% | 26 qtrssince 2018-Q4 | Increased 57 |
CAN IMPERIAL BK OF COMMERCE | 9.4M | $529.2M | 2.3% | $45.66 | +21.74% | 26 qtrssince 2018-Q4 | Decreased 0 |
ENBRIDGE INC | 11.4M | $506.7M | 2.2% | $30.88 | +39.78% | 26 qtrssince 2018-Q4 | Decreased 0 |
WASTE CONNECTIONS INC | 2.4M | $470.5M | 2.1% | $143.60 | +34.60% | 26 qtrssince 2018-Q4 | Increased 64 |
TC ENERGY CORP | 9.4M | $444.9M | 1.9% | $43.05 | +8.84% | 24 qtrssince 2019-Q2 | Increased 63 |
THOMSON REUTERS CORP | 2.5M | $438M | 1.9% | $97.58 | +72.02% | 26 qtrssince 2018-Q4 | Increased 50 |
SUNCOR ENERGY INC | 9.9M | $382.5M | 1.7% | $30.28 | +25.20% | 26 qtrssince 2018-Q4 | Decreased 0 |
MANULIFE FINANCIAL CORP | 11.4M | $356.7M | 1.6% | $22.81 | +33.51% | 26 qtrssince 2018-Q4 | Increased 49 |
CANADIAN NATURAL RESOURCES | 10.7M | $330.5M | 1.4% | $27.43 | +9.95% | 26 qtrssince 2018-Q4 | Decreased 0 |
CANADIAN NATL RAILWAY CO | 3.2M | $311.5M | 1.4% | $86.55 | +9.88% | 26 qtrssince 2018-Q4 | Decreased 0 |
BANK OF NOVA SCOTIA | 6.3M | $299.8M | 1.3% | $44.96 | +3.00% | 26 qtrssince 2018-Q4 | Decreased 0 |
BROOKFIELD CORP /CAD/ | 5.4M | $284.5M | 1.2% | $23.33 | +47.54% | 10 qtrssince 2022-Q4 | Decreased 0 |
SUN LIFE FINANCIAL INC | 5M | $283.8M | 1.2% | $41.08 | +36.52% | 26 qtrssince 2018-Q4 | Increased 52 |
NVIDIA CORP | 2.6M | $276.4M | 1.2% | $113.15 | -3.09% | 26 qtrssince 2018-Q4 | Increased 51 |
FRANCO-NEVADA CORP /CAD/ | 1.7M | $268.3M | 1.2% | $140.49 | +10.40% | 26 qtrssince 2018-Q4 | Increased 78 |
MICROSOFT CORP | 704,772 | $264.6M | 1.2% | $253.19 | +48.81% | 26 qtrssince 2018-Q4 | Increased 51 |
CANADIAN PACIFIC RAILWAY LTD /CAD/ | 3.6M | $254.9M | 1.1% | $80.35 | -13.37% | 8 qtrssince 2023-Q2 | Decreased 0 |
Connor, Clark & Lunn Investment Management Ltd. manages $22.9B across 1383 positions as of Q1 2025. Top holdings: RY (5.6%), AEM (3.2%), SHOP (2.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 2/5.0.
Active quarter - 270 new positions, 273 exits, 652 increased. Top move: FNV (INCREASED, conviction 78). Portfolio: $22.9B across 1383 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