CIK: 0000944388
Total reported value
$108.8B
Reporting period: 2026-03-31 · Number of holdings: 647
1832 Asset Management L.P. disclosed 647 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $108.8B and a quarterly turnover rate of 91.2%.
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1832 Asset Management L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.071 — mathematically equivalent to about 14 equally-sized positions, well below its 647 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 6.69), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 66% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add NVDA
+32.8% $321.3M
Add CNQ
-11.3% $295.7M
Add IVV
+832.9% $447.7M
Add SU
-9.0% $281.2M
Add TMO
+58.3% $247.0M
Trim LLY
-79.3% -$432.5M
1832 is aggressively rotating capital this quarter, dumping its foundational SPY anchor (38.95%) to fund a singular, massive new position (25.41%) while running a 91% portfolio churn. The move targets high-beta technology and growth exposure via fresh entries in MSFT, NFLX, and SHOP, effectively shifting from passive beta capture to active positioning squeeze.
The structural bet is a rotation out of broad-market index liquidity into concentrated large-cap tech and discretionary winners, pricing in sustained earnings momentum and rate-supportive yields. The opposing thesis argues that elevated valuation multiples leave these crowded trades vulnerable to a macro regime shift—specifically, a growth deceleration or volatility spike that triggers margin compression across sector leaders.
Execution friction is baked into this strategy: a 91% turnover rate paired with a 33 position-sizing discipline score ensures transaction costs and slippage will systematically erode gross returns. The structural vulnerability resides in the illiquidity of that unnamed 25.41% single-stock bet—if it trades thinly or faces institutional selling pressure, the fund becomes trapped without a liquid anchor to re-balance quickly.
This summary was generated by AI from publicly filed SEC data and reflects historical holdings only — it is not a recommendation to buy or sell.
Showing top 200 holdings (of 647 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Spdr S&p 500 ETF Tr | ETF-Large Cap & Growth | 25.41% | +25.41% | NEW | |
| 2 | TD | Toronto-dominion Bank | Stock-Financials | 2.60% | +0.28% | -6.02% | |
| 3 | RY | Royal Bank Of Canada | Stock-Financials | 2.45% | +0.26% | -2.11% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.15% | +0.07% | +12.01% | |
| 5 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.77% | — | -0.34% | |
| 6 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.60% | — | +7.44% | |
| 7 | BN | Brookfield CORP | Stock-Financials | 1.60% | +0.01% | -5.71% | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 1.52% | +0.51% | +32.78% | |
| 9 | ENB | Enbridge INC | Stock-Energy | 1.45% | — | -4.94% | |
| 10 | NFLX | Netflix, Inc. | Stock-Comm Services | 1.28% | +1.28% | NEW | |
| 11 | TRP | Tc Energy CORP | Stock-Energy | 1.27% | — | -10.09% | |
| 12 | CNQ | Canadian Natural Resources | Stock-Energy | 1.25% | +0.44% | -11.26% | |
| 13 | BMO | Bank Of Montreal | Stock-Financials | 1.19% | — | -7.85% | |
| 14 | MSFT | Microsoft Corporation | Stock-Tech | 1.19% | +1.19% | NEW | |
| 15 | AAPL | Apple INC | Stock-Tech | 1.18% | — | +15.31% | |
| 16 | BNS | Bank Of Nova Scotia | Stock-Financials | 1.16% | — | -2.70% | |
| 17 | SHOP | Shopify INC - Class A | Stock-Tech | 1.11% | — | +30.39% | |
| 18 | WCN | Waste Connections INC | Stock-Industrials | 1.06% | — | +25.86% | |
| 19 | CP | Canadian Pacific Kansas City | Stock-Industrials | 1.02% | — | -1.30% | |
| 20 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.02% | -0.30% | -30.72% | |
| 21 | SU | Suncor Energy INC | Stock-Energy | 0.98% | +0.38% | -8.99% | |
| 22 | MFC | Manulife Financial CORP | Stock-Financials | 0.89% | — | -1.15% | |
| 23 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.89% | +0.34% | +58.26% | |
| 24 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.81% | — | -7.13% | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.81% | — | +20.70% | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 0.79% | — | +4.03% | |
| 27 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.73% | +0.25% | +5.57% | |
| 28 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.72% | — | -9.07% | |
| 29 | SHOP | Shopify Inc. | Stock-Tech | 0.60% | +0.60% | NEW | |
| 30 | TRI4EUR | Thomson Reuters CORP | Stock-Other | 0.60% | — | +37.70% | |
| 31 | FNV | Franco-nevada CORP | Stock-Materials | 0.59% | — | +0.29% | |
| 32 | ✓ | Amazon Com INC | Stock-Other | 0.57% | — | +20.00% | |
| 33 | OTEX | Open Text CORP | Stock-Other | 0.56% | — | +15.45% | |
| 34 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.54% | — | -8.15% | |
| 35 | VOO | Vanguard S&P 500 ETF | ETF-Large Cap & Growth | 0.52% | +0.52% | NEW | |
| 36 | SLF | Sun Life Financial INC | Stock-Financials | 0.52% | — | -11.21% | |
| 37 | HD | Home Depot INC | Stock-Consumer Disc | 0.52% | — | +8.41% | |
| 38 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.49% | — | -13.39% | |
| 39 | PBA | Pembina Pipeline CORP | Stock-Energy | 0.48% | — | -0.35% | |
| 40 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.47% | — | -4.99% | |
| 41 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.46% | +0.42% | +832.91% | |
| 42 | NTR | Nutrien LTD | Stock-Materials | 0.44% | — | -18.24% | |
| 43 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.44% | — | +4.92% | |
| 44 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.43% | +0.21% | +43.68% | |
| 45 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.42% | +0.26% | +229.42% | |
| 46 | MA | Mastercard INC - A | Stock-Financials | 0.42% | — | -3.01% | |
| 47 | NFLX | Netflix INC | Stock-Comm Services | 0.41% | — | +32.23% | |
| 48 | DHR | Danaher CORP | Stock-Healthcare | 0.41% | — | +62.63% | |
| 49 | TFII | Tfi International INC | Stock-Other | 0.40% | — | -13.82% | |
| 50 | XOM | Exxon Mobil CORP | Stock-Energy | 0.40% | +0.31% | +162.33% |
Performance for Q3 2026
+4.6%
Performance Last 4 Quarters
+12%
Based on 54% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 647 | $108.8B | 91 | |
| 2025-12-31 | 687 | $131.3B | 39 | |
| 2025-09-30 | 661 | $126.7B | 100 | |
| 2025-06-30 | 652 | $128.2B | 0 | |
| 2025-03-31 | 652 | $110.0B | 100 | |
| 2024-12-31 | 657 | $117.6B | 0 | |
| 2024-09-30 | 669 | $131.4B | 0 | |
| 2024-06-30 | 888 | $123.1B | 0 | |
| 2024-03-31 | 884 | $168.9B | 0 | |
| 2023-12-31 | 830 | $69.4B | 0 | |
| 2023-09-30 | 849 | $70.5B | 0 | |
| 2023-06-30 | 2 | $32.7B | 0 | |
| 2023-03-31 | 1 | $20.1B | 0 | |
| 2022-12-31 | 7 | $11.4B | 0 | |
| 2022-09-30 | 869 | $46.9B | 0 | |
| 2022-06-30 | 843 | $49.6B | 0 | |
| 2022-03-31 | 903 | $61.3B | 0 | |
| 2021-12-31 | 716 | $56.5B | 0 | |
| 2021-09-30 | 850 | $53.4B | 0 | |
| 2021-06-30 | 728 | $51.7B | 40 | |
| 2021-03-31 | 693 | $46.3B | 45 | |
| 2020-12-31 | 692 | $42.8B | 46 | |
| 2020-09-30 | 684 | $38.3B | 35 | |
| 2020-06-30 | 647 | $33.3B | 36 | |
| 2020-03-31 | 676 | $27.7B | 45 | |
| 2019-12-31 | 679 | $32.8B | 29 | |
| 2019-09-30 | 686 | $31.4B | 29 | |
| 2019-06-30 | 694 | $30.9B | 33 | |
| 2019-03-31 | 634 | $29.4B | 31 | |
| 2018-12-31 | 645 | $25.3B | 37 | |
| 2018-09-30 | 652 | $30.7B | 21 | |
| 2018-06-30 | 668 | $29.5B | 30 | |
| 2018-03-31 | 670 | $27.1B | 30 | |
| 2017-12-31 | 689 | $30.8B | 26 | |
| 2017-09-30 | 657 | $28.5B | 53 | |
| 2017-06-30 | 665 | $22.1B | 47 | |
| 2017-03-31 | 701 | $28.0B | 38 | |
| 2016-12-31 | 725 | $32.6B | 46 | |
| 2016-09-30 | 721 | $26.6B | 29 | |
| 2016-06-30 | 740 | $25.7B | 59 | |
| 2016-03-31 | 688 | $41.0B | 68 | |
| 2015-12-31 | 738 | $23.1B | 33 | |
| 2015-09-30 | 695 | $23.9B | 42 | |
| 2015-06-30 | 758 | $29.5B | 33 | |
| 2015-03-31 | 726 | $26.6B | 51 | |
| 2014-12-31 | 717 | $32.3B | 36 | |
| 2014-09-30 | 720 | $30.6B | 25 | |
| 2014-06-30 | 729 | $31.7B | 36 | |
| 2014-03-31 | 721 | $29.1B | 41 | |
| 2013-12-31 | 522 | $26.0B | 37 | |
| 2013-09-30 | 439 | $22.6B | 38 | |
| 2013-06-30 | 464 | $22.8B | 0 |
1832 Asset Management L.P.'s most significant position changes for 2026-03-31: Sold out: State Street SPDR S&P 500 ETF Trust (SPY); New buy: Spdr S&p 500 ETF Tr; New buy: Netflix, Inc. (NFLX); New buy: Microsoft Corporation (MSFT); New buy: Shopify Inc. (SHOP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +0.5% | +32.78% | Add |
| 2 | CNQ | Canadian Natural Resources | +0.4% | -11.26% | Trim |
| 3 | IVV | Ishares Core S&p 500 ETF | +0.4% | +832.91% | Add |
| 4 | SU | Suncor Energy INC | +0.4% | -8.99% | Trim |
| 5 | TMO | Thermo Fisher Scientific INC | +0.3% | +58.26% | Add |
| 6 | XOM | Exxon Mobil CORP | +0.3% | +162.33% | Add |
| 7 | TTWO | Take-two Interactive Softwre | +0.3% | +3196.40% | Add |
| 8 | ASML | ASML Holding N.V. | +0.3% | +277.12% | Add |
| 9 | TD | Toronto-dominion Bank | +0.3% | -6.02% | Trim |
| 10 | BSX | Boston Scientific CORP | +0.3% | +229.42% | Add |
| 11 | RY | Royal Bank Of Canada | +0.3% | -2.11% | Trim |
| 12 | AEM | Agnico Eagle Mines LTD | +0.3% | +5.57% | Add |
| 13 | AMAT | Applied Materials INC | +0.2% | +461.41% | Add |
| 14 | CVX | Chevron CORP | +0.2% | +3069.45% | Add |
| 15 | COST | Costco Wholesale CORP | +0.2% | +43.68% | Add |
| 16 | KGC | Kinross Gold CORP | +0.2% | +78.14% | Add |
| 17 | LIN | Linde plc | +0.2% | +59.88% | Add |
| 18 | WPM | Wheaton Precious Metals CORP | +0.2% | +342.06% | Add |
| 19 | MSFT | Microsoft CORP | +0.1% | +12.01% | Add |
| 20 | BN | Brookfield CORP | 0% | -5.71% | Trim |
| 21 | CSCO | Cisco Systems INC | -0.1% | -29.92% | Trim |
| 22 | WMT | Walmart INC | -0.1% | -50.37% | Trim |
| 23 | AVGO | Broadcom INC | -0.1% | -29.31% | Trim |
| 24 | BDX | Becton Dickinson And Co | -0.1% | -55.24% | Trim |
| 25 | CAE | Cae INC | -0.1% | -26.15% | Trim |
| 26 | WFC | Wells Fargo & Co | -0.1% | -50.22% | Trim |
| 27 | SPGI | S&p Global INC | -0.1% | -66.97% | Trim |
| 28 | LRCX | Lam Research CORP | -0.1% | -88.51% | Trim |
| 29 | AXP | American Express Co | -0.1% | -99.82% | Trim |
| 30 | REGN | Regeneron Pharmaceuticals | -0.1% | -99.08% | Trim |
| 31 | MDB | Mongodb INC | -0.2% | -49.95% | Trim |
| 32 | BKNG | Booking Holdings INC | -0.2% | +20.67% | Add |
| 33 | GS | Goldman Sachs Group INC | -0.2% | -99.19% | Trim |
| 34 | C | Citigroup INC | -0.2% | -80.91% | Trim |
| 35 | MS | Morgan Stanley | -0.2% | -97.74% | Trim |
| 36 | GOOGL | Alphabet Inc-cl A | -0.3% | -30.72% | Trim |
| 37 | LLY | Eli Lilly & Co | -0.3% | -79.34% | Trim |
| 38 | SPY | State Street SPDR S&P 500 ETF Trust | — | EXIT | Sold out |
| 39 | ✓ | Spdr S&p 500 ETF Tr | — | NEW | New buy |
| 40 | NFLX | Netflix, Inc. | — | NEW | New buy |
| 41 | MSFT | Microsoft Corporation | — | NEW | New buy |
| 42 | SHOP | Shopify Inc. | — | NEW | New buy |
| 43 | VOO | Vanguard S&P 500 ETF | — | NEW | New buy |
| 44 | CNP 4.25 08-15-26 | Centerpoint Energy INC | — | EXIT | Sold out |
| 45 | META | Meta Platforms, Inc. | — | NEW | New buy |
| 46 | ORCL | Oracle Corporation | — | EXIT | Sold out |
| 47 | GRTUF | Granite Real Estate Investme | — | EXIT | Sold out |
| 48 | LNG | Cheniere Energy, Inc. | — | NEW | New buy |
| 49 | TXNM 5.75 06-01-54 | Txnm Energy INC | — | EXIT | Sold out |
| 50 | ALNY | Alnylam Pharmaceuticals INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-10-17 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-10-17 | Amendment | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-10-17 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-15 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2023-10-17 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2023-10-17 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2023-10-17 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-15 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-20 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-26 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-04-03 | Amendment | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-15 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | Amendment | View on EDGAR |
| 2016-03-31 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-13 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-13 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-13 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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