BG
Beutel, Goodman & Co Ltd. 13F Holdings Tracker (Q2 2026)
Beutel, Goodman & Co Ltd.CIK: 0001361974
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$13.6B
Reporting period: 2026-06-30 · Number of holdings: 163
Beutel, Goodman & Co Ltd. disclosed 163 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $13.6B and a quarterly turnover rate of 27.6%.
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Personality snowflake
- Concentration
- 8.13
- Portfolio Stability
- 27.62
- Momentum
- 100
- Sector conviction
- 53.67
- Diversification
- 100
- Sizing Uniformity
- 84.75
Beutel, Goodman & Co Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 49 equally-sized positions, well below its 163 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 1.53), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy RCL
Trim WAB
-48.7% -$183.9M
New buy AZO
Trim CMCSA
-56.0% -$170.8M
Add TD
-13.0% $93.0M
Add MRSH
+101.8% $127.1M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TD | Toronto-dominion Bank | Stock-Financials | 5.74% | +1.08% | -13.04% | |
| 2 | BMO | Bank Of Montreal | Stock-Financials | 3.50% | +0.66% | -13.10% | |
| 3 | RY | Royal Bank Of Canada | Stock-Financials | 3.32% | -0.62% | -39.54% | |
| 4 | PPG | Ppg Industries Inc | Stock-Materials | 2.88% | +0.19% | -13.06% | |
| 5 | EBAY | Ebay Inc | Stock-Consumer Disc | 2.77% | +0.13% | -21.29% | |
| 6 | CB | Chubb Limited | Stock-Financials | 2.40% | -0.16% | -17.28% | |
| 7 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 2.36% | -0.19% | -13.22% | |
| 8 | CP | Canadian Pacific Kansas City | Stock-Industrials | 2.27% | +0.08% | -13.51% | |
| 9 | MDT | Medtronic plc | Stock-Healthcare | 2.26% | -0.37% | -12.24% | |
| 10 | MAS | Masco CORP | Stock-Industrials | 2.22% | +0.92% | +17.23% | |
| 11 | NTAP | Netapp Inc | Stock-Tech | 2.19% | -0.34% | -47.14% | |
| 12 | UNP | Union Pacific CORP | Stock-Industrials | 2.11% | +0.36% | -1.25% | |
| 13 | CNQ | Canadian Natural Resources | Stock-Energy | 2.01% | +0.69% | +71.87% | |
| 14 | RCL | Royal Caribbean Cruises Ltd. | Stock-Consumer Disc | 1.99% | +1.99% | NEW | |
| 15 | RCI | Rogers Communications Inc-b | Stock-Other | 1.96% | -0.51% | -13.57% | |
| 16 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.96% | -0.51% | -31.57% | |
| 17 | SU | Suncor Energy Inc | Stock-Energy | 1.96% | +0.13% | +21.08% | |
| 18 | BN | Brookfield CORP | Stock-Financials | 1.94% | +0.85% | +55.53% | |
| 19 | MRSH | Marsh & Mclennan Cos | Stock-Financials | 1.93% | +1.01% | +101.84% | |
| 20 | AMP | Ameriprise Financial Inc | Stock-Financials | 1.88% | -0.11% | -15.70% | |
| 21 | BDX | Becton Dickinson And Co | Stock-Healthcare | 1.88% | +0.85% | +74.90% | |
| 22 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.85% | +0.17% | -12.86% | |
| 23 | FLS | Flowserve CORP | Stock-Industrials | 1.81% | +0.81% | +64.97% | |
| 24 | MFC | Manulife Financial CORP | Stock-Financials | 1.76% | -0.60% | -41.61% | |
| 25 | DOX | Amdocs Limited | Stock-Tech | 1.72% | -0.62% | -12.68% | |
| 26 | WAB | Wabtec CORP | Stock-Industrials | 1.68% | -1.11% | -48.67% | |
| 27 | OMC | Omnicom Group | Stock-Comm Services | 1.66% | -0.45% | -25.12% | |
| 28 | ELV | Elevance Health Inc | Stock-Healthcare | 1.65% | -0.11% | -34.76% | |
| 29 | GFL | Gfl Environmental Inc-sub Vt | Stock-Other | 1.55% | -0.32% | -13.81% | |
| 30 | GIB | Cgi Inc | Stock-Tech | 1.53% | -0.31% | -13.52% | |
| 31 | BAM | Brookfield Asset Mgmt-a | Stock-Financials | 1.51% | -0.05% | -11.75% | |
| 32 | NTR | Nutrien LTD | Stock-Materials | 1.49% | -0.40% | -13.35% | |
| 33 | FTS | Fortis Inc | Stock-Utilities | 1.46% | -0.04% | -12.62% | |
| 34 | AXP | American Express Co | Stock-Financials | 1.43% | +0.07% | -13.75% | |
| 35 | QCOM | Qualcomm Inc | Stock-Tech | 1.41% | -0.69% | -56.97% | |
| 36 | AMGN | Amgen Inc | Stock-Healthcare | 1.39% | -0.16% | -19.83% | |
| 37 | RBA | Rb Global Inc | Stock-Industrials | 1.28% | +0.16% | -13.53% | |
| 38 | FNV | Franco-nevada CORP | Stock-Materials | 1.25% | +0.24% | +35.21% | |
| 39 | AMAT | Applied Materials Inc | Stock-Tech | 1.23% | +0.20% | -48.05% | |
| 40 | CIGI | Colliers Intl Gr-subord Vot | Stock-Other | 1.23% | -0.24% | -12.53% | |
| 41 | WFC | Wells Fargo & Co | Stock-Financials | 1.18% | +0.07% | -5.19% | |
| 42 | GIL | Gildan Activewear Inc | Stock-Consumer Disc | 1.12% | -0.17% | -13.84% | |
| 43 | TRP | Tc Energy CORP | Stock-Energy | 1.11% | -0.49% | -39.43% | |
| 44 | AZO | Autozone Inc | Stock-Consumer Disc | 1.11% | +1.11% | NEW | |
| 45 | COR | Cencora Inc | Stock-Healthcare | 1.06% | +0.65% | +167.67% | |
| 46 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 1.05% | -0.15% | -29.22% | |
| 47 | GEN | Gen Digital Inc | Stock-Tech | 1.05% | -0.28% | -44.69% | |
| 48 | BGSI | THE Boyd Group Inc | Stock-Other | 1.04% | -0.45% | -13.44% | |
| 49 | ATS | Ats CORP | Stock-Other | 1.02% | -0.02% | -12.06% | |
| 50 | SLF | Sun Life Financial Inc | Stock-Financials | 1.01% | -0.22% | -40.03% |
1–50 of 163
Portfolio Performance
Performance for Q3 2026
+5.6%
Performance Last 4 Quarters
+18%
- Stdev
- +12.8%
- Beta
- +0.77
- Alpha
- -0.4%
- Max Drawdown
- -6.9%
- Annualized Perf
- +15%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.07
- Stutzer
- +0.34
- Treynor
- +0.19
- Sterling
- +0.94
- Calmar
- +2.18
- Information Ratio
- -0.6
- Tracking Error
- +8.6%
- Stdev Down
- +7.2%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +27.3%
- Worst 12 Months
- -0.3%
- Efficiency Ratio
- +0.45
- Sharpe
- +1.17
- Stdev Sectors
- +8.9%
- Skewness
- -0.22
- Kurtosis
- -0.37
- Upside Potential
- +3.74
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 163 | $13.6B | 28 | ||
| 2026 Q1 | 170 | $14.8B | 28 | ||
| 2025 Q4 | 174 | $16.3B | 21 | ||
| 2025 Q3 | 177 | $16.6B | 21 | ||
| 2025 Q2 | 176 | $17.6B | 0 | ||
| 2025 Q1 | 205 | $17.4B | 100 | ||
| 2024 Q4 | 86 | $18.4B | 0 | ||
| 2024 Q3 | 89 | $20.3B | 0 | ||
| 2024 Q2 | 77 | $18.8B | 0 | ||
| 2024 Q1 | 75 | $19.4B | 0 | ||
| 2023 Q4 | 76 | $18.9B | 0 | ||
| 2023 Q3 | 75 | $16.9B | 0 | ||
| 2023 Q2 | 75 | $17.8B | 0 | ||
| 2023 Q1 | 74 | $17.0B | 0 | ||
| 2022 Q4 | 76 | $16.5B | 0 | ||
| 2022 Q3 | 73 | $14.8B | 0 | ||
| 2022 Q2 | 69 | $16.1B | 0 | ||
| 2022 Q1 | 69 | $17.7B | 0 | ||
| 2021 Q4 | 67 | $17.5B | 0 | ||
| 2021 Q3 | 66 | $16.3B | 0 | ||
| 2021 Q2 | 65 | $16.8B | 97 | ||
| 2021 Q1 | 64 | $15.9B | 27 | ||
| 2020 Q4 | 67 | $14.8B | 23 | ||
| 2020 Q3 | 68 | $12.4B | 12 | ||
| 2020 Q2 | 67 | $12.2B | 24 | ||
| 2020 Q1 | 64 | $10.7B | 52 | ||
| 2019 Q4 | 70 | $17.4B | 24 | ||
| 2019 Q3 | 64 | $14.3B | 12 | ||
| 2019 Q2 | 61 | $13.8B | 10 | ||
| 2019 Q1 | 82 | $13.3B | 13 | ||
| 2018 Q4 | 63 | $11.7B | 21 | ||
| 2018 Q3 | 63 | $13.8B | 8 | ||
| 2018 Q2 | 62 | $13.6B | 15 | ||
| 2018 Q1 | 66 | $13.2B | 21 | ||
| 2017 Q4 | 77 | $14.7B | 14 | ||
| 2017 Q3 | 34 | $13.2B | 22 | ||
| 2017 Q2 | 30 | $11.0B | 15 | ||
| 2017 Q1 | 30 | $11.4B | 26 | ||
| 2016 Q4 | 28 | $11.2B | 27 | ||
| 2016 Q3 | 28 | $10.3B | 11 | ||
| 2016 Q2 | 26 | $9.7B | 12 | ||
| 2016 Q1 | 23 | $9.0B | 10 | ||
| 2015 Q4 | 22 | $8.3B | 15 | ||
| 2015 Q3 | 23 | $9.1B | 29 | ||
| 2015 Q2 | 30 | $11.8B | 18 | ||
| 2015 Q1 | 28 | $10.4B | 12 | ||
| 2014 Q4 | 28 | $11.2B | 10 | ||
| 2014 Q3 | 29 | $11.5B | 15 | ||
| 2014 Q2 | 28 | $11.8B | 19 | ||
| 2014 Q1 | 28 | $13.0B | 15 | ||
| 2013 Q4 | 26 | $11.5B | 30 | ||
| 2013 Q3 | 21 | $9.1B | 41 | ||
| 2013 Q2 | 20 | $6.7B | 0 |
Holding changes this quarter
Beutel, Goodman & Co Ltd.'s most significant position changes for 2026-06-30: New buy: Royal Caribbean Cruises Ltd. (RCL); New buy: Autozone Inc (AZO); Sold out: Open Text CORP (OTEX); Sold out: Thomson Reuters CORP (TRI4EUR); Sold out: Honeywell International Inc (HON).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | RCL | Royal Caribbean Cruises Ltd. | +2% | NEW | New buy |
| 2 | AZO | Autozone Inc | +1.1% | NEW | New buy |
| 3 | TD | Toronto-dominion Bank | +1.1% | -13.04% | Trim |
| 4 | MRSH | Marsh & Mclennan Cos | +1% | +101.84% | Add |
| 5 | MAS | Masco CORP | +0.9% | +17.23% | Add |
| 6 | BDX | Becton Dickinson And Co | +0.9% | +74.90% | Add |
| 7 | BN | Brookfield CORP | +0.9% | +55.53% | Add |
| 8 | FLS | Flowserve CORP | +0.8% | +64.97% | Add |
| 9 | CNQ | Canadian Natural Resources | +0.7% | +71.87% | Add |
| 10 | BMO | Bank Of Montreal | +0.7% | -13.10% | Trim |
| 11 | COR | Cencora Inc | +0.7% | +167.67% | Add |
| 12 | UNP | Union Pacific CORP | +0.4% | -1.25% | Trim |
| 13 | FNV | Franco-nevada CORP | +0.2% | +35.21% | Add |
| 14 | AMAT | Applied Materials Inc | +0.2% | -48.05% | Trim |
| 15 | PPG | Ppg Industries Inc | +0.2% | -13.06% | Trim |
| 16 | CNI | Canadian Natl Railway Co | +0.2% | -12.86% | Trim |
| 17 | RBA | Rb Global Inc | +0.2% | -13.53% | Trim |
| 18 | EBAY | Ebay Inc | +0.1% | -21.29% | Trim |
| 19 | SU | Suncor Energy Inc | +0.1% | +21.08% | Add |
| 20 | CP | Canadian Pacific Kansas City | +0.1% | -13.51% | Trim |
| 21 | AXP | American Express Co | +0.1% | -13.75% | Trim |
| 22 | WFC | Wells Fargo & Co | +0.1% | -5.19% | Trim |
| 23 | TRI | Thomson Reuters CORP | 0% | NEW | New buy |
| 24 | CM | Can Imperial Bk Of Commerce | 0% | -1.62% | Trim |
| 25 | BNS | Bank Of Nova Scotia | 0% | -2.37% | Trim |
| 26 | SPYG | Ss Spdr P S&p 500 Growth ETF | 0% | -13.20% | Trim |
| 27 | SEIC | Sei Investments Company | 0% | -15.70% | Trim |
| 28 | ✓ | 0% | NEW | New buy | |
| 29 | ✓ | 0% | NEW | New buy | |
| 30 | AAPL | Apple Inc | 0% | -2.53% | Trim |
| 31 | DCBO | Docebo Inc | 0% | -1.01% | Trim |
| 32 | BBUC | Brookfield Business Corp-a | 0% | -1.07% | Trim |
| 33 | TSM | Taiwan Semiconductor-sp Adr | 0% | -11.03% | Trim |
| 34 | GOOG | Alphabet Inc-cl C | 0% | -3.78% | Trim |
| 35 | NVO | Novo-nordisk A/s-spons Adr | 0% | -3.99% | Trim |
| 36 | BEP | Brookfield Renewable Partners L.P. | 0% | -2.37% | Trim |
| 37 | JPM | Jpmorgan Chase & Co | 0% | -5.83% | Trim |
| 38 | ETN | Eaton Corporation plc | 0% | -4.17% | Trim |
| 39 | JNJ | Johnson & Johnson | 0% | -7.32% | Trim |
| 40 | UL | Unilever Plc-sponsored Adr | 0% | +23.34% | Add |
| 41 | MSFT | Microsoft CORP | 0% | -1.68% | Trim |
| 42 | EMR | Emerson Electric Co | 0% | — | Unchanged |
| 43 | JNJ | Johnson & Johnson | 0% | -3.87% | Trim |
| 44 | EPRX | Eupraxia Pharmaceuticals Inc | — | -1.05% | Trim |
| 45 | MICC | The Magnum Ice Cream Company N. | — | -18.93% | Trim |
| 46 | BEPC | Brookfield Renewable CORP | — | EXIT | Sold out |
| 47 | PEP | Pepsico Inc | — | -2.43% | Trim |
| 48 | COST | Costco Wholesale CORP | — | -11.42% | Trim |
| 49 | EFA | Ishares Msci Eafe ETF | — | -17.24% | Trim |
| 50 | WMT | Walmart Inc | — | -9.99% | Trim |
1–50 of 175
Filing History
FAQ
What is Beutel, Goodman & Co Ltd. and what type of investor is it?
Beutel, Goodman & Co Ltd. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $13.6B, spread across 163 disclosed positions.
What are Beutel, Goodman & Co Ltd.'s largest equity positions?
Based on the latest 13F filing, Beutel, Goodman & Co Ltd.'s top holdings by market value are:
1. Toronto-dominion Bank (TD) — $780.4M (5.7%)
2. Bank Of Montreal (BMO) — $476.3M (3.5%)
3. Royal Bank Of Canada (RY) — $451.3M (3.3%)
4. Ppg Industries Inc (PPG) — $391.4M (2.9%)
5. Ebay Inc (EBAY) — $376.2M (2.8%)
What changes did Beutel, Goodman & Co Ltd. make in its most recent portfolio filing?
In the latest reported quarter, Beutel, Goodman & Co Ltd. made 127 notable position adjustments: 5 new positions were initiated, 14 existing holdings were added to, 96 positions were partially reduced, and 12 were completely exited. The largest of these moves: New buy: Royal Caribbean Cruises Ltd. (RCL); New buy: Autozone Inc (AZO); Sold out: Open Text CORP (OTEX); Sold out: Thomson Reuters CORP (TRI4EUR); Sold out: Honeywell International Inc (HON)
What sectors does Beutel, Goodman & Co Ltd. focus on?
Beutel, Goodman & Co Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 33.3%
• Industrials: 15.6%
• Health Care: 11.4%
• Information Technology: 10.3%
• Consumer Discretionary: 10.3%
• Materials: 6.9%
Investment Profile
Beutel, Goodman & Co Ltd. returned an annualized 15.0% over the trailing 36 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.77 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 33.3% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its UNP position over the past two quarters (+$285.9M, now $286.3M), while trimming OMC over the same stretch (-$229.0M, still holding $225.1M).
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