MS
Mufg Securities — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Mufg SecuritiesCIK: 0001656187
Momentum followerDiversified strategyQuality / disciplined sizing
Total reported value
$3.7B
Reporting period: 2026-06-30 · Number of holdings: 43
MUFG SECURITIES disclosed 43 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.7B and a quarterly turnover rate of 19.3%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "M"
Personality snowflake
- Concentration
- 19.08
- Portfolio Stability
- 19.33
- Momentum
- 100
- Sector conviction
- 80.32
- Diversification
- 86
- Sizing Uniformity
- 89.63
Mufg Securities's disclosed holdings carry a Herfindahl concentration index of 0.048 — mathematically equivalent to about 21 equally-sized positions, well below its 43 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.04), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd CNQ
+105.7% $100.5M
Add TRP
+37.9% $93.0M
Add RY
-4.6% $74.2M
Trim AEM
-3.2% -$39.0M
Add TD
-5.0% $54.9M
Trim SU
-5.4% -$26.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RY | Royal Bank Of Canada | Stock-Financials | 11.02% | +1.40% | -4.63% | |
| 2 | TRP | Tc Energy CORP | Stock-Energy | 7.97% | +2.14% | +37.93% | |
| 3 | TD | Toronto-dominion Bank | Stock-Financials | 7.74% | +1.07% | -5.04% | |
| 4 | CNQ | Canadian Natural Resources | Stock-Energy | 6.76% | +2.44% | +105.67% | |
| 5 | SHOP | Shopify Inc - Class A | Stock-Tech | 5.31% | -0.88% | -5.12% | |
| 6 | BMO | Bank Of Montreal | Stock-Financials | 4.72% | +0.65% | -5.36% | |
| 7 | ENB | Enbridge Inc | Stock-Energy | 4.51% | -0.53% | -4.56% | |
| 8 | BNS | Bank Of Nova Scotia | Stock-Financials | 4.07% | +0.43% | -4.92% | |
| 9 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 4.03% | +0.28% | -5.50% | |
| 10 | BN | Brookfield CORP | Stock-Financials | 3.47% | -0.33% | -7.56% | |
| 11 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 3.01% | -1.32% | -3.19% | |
| 12 | CP | Canadian Pacific Kansas City | Stock-Industrials | 2.93% | -0.08% | -5.70% | |
| 13 | MFC | Manulife Financial CORP | Stock-Financials | 2.58% | +0.12% | -5.08% | |
| 14 | CNI | Canadian Natl Railway Co | Stock-Industrials | 2.46% | +0.07% | -5.47% | |
| 15 | SU | Suncor Energy Inc | Stock-Energy | 2.42% | -0.93% | -5.37% | |
| 16 | B | Barrick Mining CORP | Stock-Materials | 2.35% | -0.57% | -4.63% | |
| 17 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 1.94% | -0.60% | -4.62% | |
| 18 | CCJ | Cameco CORP | Stock-Energy | 1.69% | -0.33% | -4.63% | |
| 19 | SLF | Sun Life Financial Inc | Stock-Financials | 1.66% | +0.18% | -4.61% | |
| 20 | WCN | Waste Connections Inc | Stock-Industrials | 1.62% | -0.15% | -4.80% | |
| 21 | CLS | Celestica Inc | Stock-Tech | 1.60% | +0.22% | -4.58% | |
| 22 | FNV | Franco-nevada CORP | Stock-Materials | 1.53% | -0.50% | -4.61% | |
| 23 | CVE | Cenovus Energy Inc | Stock-Energy | 1.28% | -0.25% | -4.90% | |
| 24 | NTR | Nutrien LTD | Stock-Materials | 1.15% | -0.40% | -4.76% | |
| 25 | FTS | Fortis Inc | Stock-Utilities | 1.11% | -0.10% | -4.30% | |
| 26 | KGC | Kinross Gold CORP | Stock-Materials | 1.07% | -0.49% | -5.21% | |
| 27 | PBA | Pembina Pipeline CORP | Stock-Energy | 1.02% | -0.09% | -4.59% | |
| 28 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 1.02% | +0.03% | -4.52% | |
| 29 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 0.96% | -0.13% | -4.36% | |
| 30 | BCE | Bce Inc | Stock-Comm Services | 0.76% | -0.24% | -4.63% | |
| 31 | BAM | Brookfield Asset Mgmt-a | Stock-Financials | 0.64% | -0.07% | -4.62% | |
| 32 | IMO | Imperial Oil LTD | Stock-Energy | 0.64% | -0.20% | -4.63% | |
| 33 | MGA | Magna International Inc | Stock-Consumer Disc | 0.64% | +0.02% | -6.91% | |
| 34 | BIP | Brookfield Infrastructure Partners L.P. | Stock-Utilities | 0.64% | -0.07% | -5.23% | |
| 35 | TU | Telus CORP | Stock-Other | 0.63% | -0.16% | +2.94% | |
| 36 | EMA | Emera Inc | Stock-Other | 0.62% | -0.05% | -3.31% | |
| 37 | RCI | Rogers Communications Inc-b | Stock-Other | 0.48% | -0.15% | -4.63% | |
| 38 | GIB | Cgi Inc | Stock-Tech | 0.46% | -0.13% | -6.29% | |
| 39 | TRI | Thomson Reuters CORP | Stock-Industrials | 0.41% | +0.41% | NEW | |
| 40 | GIL | Gildan Activewear Inc | Stock-Consumer Disc | 0.36% | -0.08% | -4.63% | |
| 41 | CAE | Cae Inc | Stock-Other | 0.31% | -0.05% | -4.71% | |
| 42 | FSV | Firstservice CORP | Stock-Other | 0.22% | -0.02% | -4.09% | |
| 43 | OTEX | Open Text CORP | Stock-Other | 0.20% | -0.04% | -7.82% |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+6%
Performance Last 4 Quarters
+32.3%
- Stdev
- +15.3%
- Beta
- +0.75
- Alpha
- +15%
- Max Drawdown
- -10%
- Annualized Perf
- +31.6%
- Batting Avg vs S&P
- +60%
- Sortino
- +3.61
- Stutzer
- +0.52
- Treynor
- +0.39
- Sterling
- +2.09
- Calmar
- +3.17
- Information Ratio
- +0.83
- Tracking Error
- +12.6%
- Stdev Down
- +8%
- Winning Months %
- +73.3%
- Losing Months %
- +26.7%
- Best 12 Months
- +45%
- Worst 12 Months
- +18.6%
- Efficiency Ratio
- +0.79
- Sharpe
- +1.89
- Stdev Sectors
- +13.4%
- Skewness
- -0.8
- Kurtosis
- +0.5
- Upside Potential
- +4.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 43 | $3.7B | 19 | ||
| 2026 Q1 | 43 | $3.5B | 15 | ||
| 2025 Q4 | 43 | $3.6B | 9 | ||
| 2025 Q3 | 43 | $3.6B | 31 | ||
| 2025 Q2 | 43 | $3.3B | 0 | ||
| 2025 Q1 | 42 | $2.9B | 100 | ||
| 2024 Q4 | 42 | $2.8B | 0 | ||
| 2024 Q3 | 42 | $2.2B | 0 | ||
| 2024 Q2 | 43 | $1.5B | 0 | ||
| 2024 Q1 | 42 | $790.7M | 0 | ||
| 2023 Q4 | 3 | $354.4M | 0 | ||
| 2023 Q3 | 1 | — | 0 | ||
| 2023 Q2 | 1 | — | 0 | ||
| 2023 Q1 | 1 | — | 0 | ||
| 2022 Q4 | 1 | — | 0 | ||
| 2022 Q3 | 1 | — | 0 | ||
| 2022 Q2 | 1 | — | 0 | ||
| 2022 Q1 | 5 | $1.1B | 0 | ||
| 2021 Q4 | 45 | $2.2B | 0 | ||
| 2021 Q3 | 45 | $2.5B | 0 | ||
| 2021 Q2 | 44 | $2.1B | 100 | ||
| 2021 Q1 | 44 | $1.7B | 84 | ||
| 2020 Q4 | 44 | $716.0M | — |
Holding changes this quarter
Mufg Securities's most significant position changes for 2026-06-30: Sold out: Thomson Reuters CORP (TRI4EUR); New buy: Thomson Reuters CORP (TRI); Add: Canadian Natural Resources (CNQ) — shares +105.67%; Add: Tc Energy CORP (TRP) — shares +37.93%; Trim: Royal Bank Of Canada (RY) — shares -4.63%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CNQ | Canadian Natural Resources | +2.4% | +105.67% | Add |
| 2 | TRP | Tc Energy CORP | +2.1% | +37.93% | Add |
| 3 | RY | Royal Bank Of Canada | +1.4% | -4.63% | Trim |
| 4 | TD | Toronto-dominion Bank | +1.1% | -5.04% | Trim |
| 5 | BMO | Bank Of Montreal | +0.7% | -5.36% | Trim |
| 6 | BNS | Bank Of Nova Scotia | +0.4% | -4.92% | Trim |
| 7 | TRI | Thomson Reuters CORP | +0.4% | NEW | New buy |
| 8 | CM | Can Imperial Bk Of Commerce | +0.3% | -5.50% | Trim |
| 9 | CLS | Celestica Inc | +0.2% | -4.58% | Trim |
| 10 | SLF | Sun Life Financial Inc | +0.2% | -4.61% | Trim |
| 11 | MFC | Manulife Financial CORP | +0.1% | -5.08% | Trim |
| 12 | CNI | Canadian Natl Railway Co | +0.1% | -5.47% | Trim |
| 13 | TECK | Teck Resources Ltd-cls B | 0% | -4.52% | Trim |
| 14 | MGA | Magna International Inc | 0% | -6.91% | Trim |
| 15 | FSV | Firstservice CORP | 0% | -4.09% | Trim |
| 16 | OTEX | Open Text CORP | 0% | -7.82% | Trim |
| 17 | CAE | Cae Inc | -0.1% | -4.71% | Trim |
| 18 | EMA | Emera Inc | -0.1% | -3.31% | Trim |
| 19 | BIP | Brookfield Infrastructure Partners L.P. | -0.1% | -5.23% | Trim |
| 20 | BAM | Brookfield Asset Mgmt-a | -0.1% | -4.62% | Trim |
| 21 | CP | Canadian Pacific Kansas City | -0.1% | -5.70% | Trim |
| 22 | GIL | Gildan Activewear Inc | -0.1% | -4.63% | Trim |
| 23 | PBA | Pembina Pipeline CORP | -0.1% | -4.59% | Trim |
| 24 | FTS | Fortis Inc | -0.1% | -4.30% | Trim |
| 25 | GIB | Cgi Inc | -0.1% | -6.29% | Trim |
| 26 | QSR | Restaurant Brands Intern | -0.1% | -4.36% | Trim |
| 27 | RCI | Rogers Communications Inc-b | -0.2% | -4.63% | Trim |
| 28 | WCN | Waste Connections Inc | -0.2% | -4.80% | Trim |
| 29 | TU | Telus CORP | -0.2% | +2.94% | Add |
| 30 | IMO | Imperial Oil LTD | -0.2% | -4.63% | Trim |
| 31 | BCE | Bce Inc | -0.2% | -4.63% | Trim |
| 32 | CVE | Cenovus Energy Inc | -0.3% | -4.90% | Trim |
| 33 | CCJ | Cameco CORP | -0.3% | -4.63% | Trim |
| 34 | BN | Brookfield CORP | -0.3% | -7.56% | Trim |
| 35 | NTR | Nutrien LTD | -0.4% | -4.76% | Trim |
| 36 | KGC | Kinross Gold CORP | -0.5% | -5.21% | Trim |
| 37 | FNV | Franco-nevada CORP | -0.5% | -4.61% | Trim |
| 38 | TRI4EUR | Thomson Reuters CORP | -0.5% | EXIT | Sold out |
| 39 | ENB | Enbridge Inc | -0.5% | -4.56% | Trim |
| 40 | B | Barrick Mining CORP | -0.6% | -4.63% | Trim |
| 41 | WPM | Wheaton Precious Metals CORP | -0.6% | -4.62% | Trim |
| 42 | SHOP | Shopify Inc - Class A | -0.9% | -5.12% | Trim |
| 43 | SU | Suncor Energy Inc | -0.9% | -5.37% | Trim |
| 44 | AEM | Agnico Eagle Mines LTD | -1.3% | -3.19% | Trim |
Filing History
FAQ
What is Mufg Securities and what type of investor is it?
Mufg Securities 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 $3.7B, spread across 43 disclosed positions.
What are Mufg Securities's largest equity positions?
Based on the latest 13F filing, Mufg Securities's top holdings by market value are:
1. Royal Bank Of Canada (RY) — $408.8M (11.0%)
2. Tc Energy CORP (TRP) — $295.8M (8.0%)
3. Toronto-dominion Bank (TD) — $287.0M (7.7%)
4. Canadian Natural Resources (CNQ) — $250.9M (6.8%)
5. Shopify Inc - Class A (SHOP) — $197.1M (5.3%)
What changes did Mufg Securities make in its most recent portfolio filing?
In the latest reported quarter, Mufg Securities made 44 notable position adjustments: 1 new positions were initiated, 3 existing holdings were added to, 39 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Thomson Reuters CORP (TRI4EUR); New buy: Thomson Reuters CORP (TRI); Add: Canadian Natural Resources (CNQ) — shares +105.67%; Add: Tc Energy CORP (TRP) — shares +37.93%; Trim: Royal Bank Of Canada (RY) — shares -4.63%
What sectors does Mufg Securities focus on?
Mufg Securities is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 40.9%
• Energy: 26.9%
• Materials: 12.4%
• Industrials: 7.6%
• Information Technology: 7.6%
• Consumer Discretionary: 2.0%
Investment Profile
Mufg Securities returned an annualized 31.6% over the trailing 30 months — outperforming the S&P 500 by 15.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.75 (less volatile than the market) and a 60% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 40.9% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 19 over the past 4 quarters — a shift toward more active trading.
It has added to its CNQ position over the past two quarters (+$143.4M, now $250.9M), while trimming SHOP over the same stretch (-$102.8M, still holding $197.1M).
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Developer Access
Access Mufg Securities's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/mufg-securities-canada-ltdCLI
npx alphasmo institutions get mufg-securities-canada-ltd