TW
TD Waterhouse Canada Inc.'s 13F Portfolio ($38.4B, Q3 2026)
TD Waterhouse Canada Inc.CIK: 0001999606
Diversified strategyMomentum followerLong-term holder
Total reported value
$38.4B
Reporting period: 2026-09-30 · Number of holdings: 2464
TD Waterhouse Canada Inc. disclosed 2464 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $38.4B and a quarterly turnover rate of 17.3%.
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Personality snowflake
- Concentration
- 7.19
- Portfolio Stability
- 17.32
- Momentum
- 100
- Sector conviction
- 56.99
- Diversification
- 100
- Sizing Uniformity
- 34.17
TD Waterhouse Canada Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.018 — mathematically equivalent to about 56 equally-sized positions, well below its 2464 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 6.58), 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.govAdd MSFT
+5.1% $343.1M
Add NVDA
+7.1% $258.8M
Trim RY
-2.1% -$210.3M
Add SU
-0.6% $174.2M
New buy 30233Q108
Add AAPL
+0.3% $158.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 2464 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TD | Toronto-dominion Bank | Stock-Financials | 6.18% | -0.35% | -0.42% | |
| 2 | RY | Royal Bank Of Canada | Stock-Financials | 5.77% | -0.62% | -2.06% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 3.67% | +0.38% | +0.29% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 3.35% | +0.65% | +7.08% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 3.11% | +0.87% | +5.13% | |
| 6 | BMO | Bank Of Montreal | Stock-Financials | 2.75% | -0.22% | +0.32% | |
| 7 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 2.41% | -0.18% | -0.33% | |
| 8 | SU | Suncor Energy Inc | Stock-Energy | 2.08% | +0.43% | -0.57% | |
| 9 | BNS | Bank Of Nova Scotia | Stock-Financials | 2.07% | -0.01% | -2.59% | |
| 10 | CNQ | Canadian Natural Resources | Stock-Energy | 2.04% | +0.37% | +1.38% | |
| 11 | ENB | Enbridge Inc | Stock-Energy | 1.98% | -0.29% | +1.65% | |
| 12 | MFC | Manulife Financial CORP | Stock-Financials | 1.84% | +0.04% | -0.03% | |
| 13 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 1.72% | +0.28% | +3.73% | |
| 14 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.66% | -0.01% | +0.91% | |
| 15 | TRP | Tc Energy CORP | Stock-Energy | 1.62% | -0.21% | +0.39% | |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.52% | +0.01% | +3.13% | |
| 17 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.49% | +0.05% | +1.97% | |
| 18 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.39% | +0.04% | +5.78% | |
| 19 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.36% | -0.04% | +4.76% | |
| 20 | BN | Brookfield CORP | Stock-Financials | 1.36% | -0.21% | +3.57% | |
| 21 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.34% | -0.12% | -0.71% | |
| 22 | CP | Canadian Pacific Kansas City | Stock-Industrials | 1.34% | -0.06% | -1.73% | |
| 23 | FTS | Fortis Inc | Stock-Utilities | 1.31% | -0.10% | +0.73% | |
| 24 | V | Visa Inc-class A Shares | Stock-Financials | 1.13% | +0.04% | +1.79% | |
| 25 | NTR | Nutrien LTD | Stock-Materials | 1.11% | +0.19% | +10.48% | |
| 26 | SLF | Sun Life Financial Inc | Stock-Financials | 1.04% | -0.10% | -6.15% | |
| 27 | AVGO | Broadcom Inc | Stock-Tech | 0.96% | -0.18% | -8.62% | |
| 28 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.93% | +0.18% | +4.87% | |
| 29 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.83% | +0.16% | +22.60% | |
| 30 | CVE | Cenovus Energy Inc | Stock-Energy | 0.80% | +0.18% | +0.33% | |
| 31 | B | Barrick Mining CORP | Stock-Materials | 0.77% | +0.09% | +4.42% | |
| 32 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.73% | +0.13% | +26.51% | |
| 33 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.72% | -0.09% | -9.69% | |
| 34 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.68% | +0.01% | +3.67% | |
| 35 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.61% | +0.16% | +11.71% | |
| 36 | EMA | Emera Inc | Stock-Other | 0.58% | -0.06% | +0.46% | |
| 37 | BAM | Brookfield Asset Mgmt-a | Stock-Financials | 0.54% | -0.06% | -5.62% | |
| 38 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.51% | +0.06% | +2.91% | |
| 39 | FNV | Franco-nevada CORP | Stock-Materials | 0.51% | +0.06% | +3.56% | |
| 40 | MU | Micron Technology Inc | Stock-Tech | 0.51% | +0.16% | +39.32% | |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.49% | -0.02% | -2.70% | |
| 42 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 0.47% | — | +4.44% | |
| 43 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.44% | +0.06% | -2.19% | |
| 44 | HD | Home Depot Inc | Stock-Consumer Disc | 0.43% | -0.10% | +1.73% | |
| 45 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 0.43% | +0.01% | -6.62% | |
| 46 | ✓ | Stock-Other | 0.41% | +0.41% | NEW | ||
| 47 | RCI | Rogers Communications Inc-b | Stock-Other | 0.40% | — | +7.07% | |
| 48 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.38% | +0.01% | +5.89% | |
| 49 | C | Citigroup Inc | Stock-Financials | 0.38% | -0.07% | -6.04% | |
| 50 | AMD | Advanced Micro Devices | Stock-Tech | 0.37% | +0.17% | +63.43% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+0.8%
Performance Last 4 Quarters
+19.5%
- Stdev
- +11.4%
- Beta
- +0.82
- Alpha
- +3.9%
- Max Drawdown
- -5.4%
- Annualized Perf
- +23.7%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +4.23
- Stutzer
- +0.57
- Treynor
- +0.27
- Sterling
- +1.61
- Calmar
- +4.36
- Information Ratio
- -0.03
- Tracking Error
- +5.8%
- Stdev Down
- +5.2%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +37.5%
- Worst 12 Months
- +5.7%
- Efficiency Ratio
- +0.8
- Sharpe
- +1.95
- Stdev Sectors
- +9.5%
- Skewness
- -0.08
- Kurtosis
- +0.1
- Upside Potential
- +5.68
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 2464 | $38.4B | 17 | ||
| 2026 Q2 | 2405 | $38.0B | 23 | ||
| 2026 Q1 | 2307 | $33.7B | 74 | ||
| 2025 Q4 | 2042 | $16.1B | 15 | ||
| 2025 Q3 | 2064 | $15.3B | 29 | ||
| 2025 Q2 | 1992 | $14.0B | 0 | ||
| 2025 Q1 | 1949 | $12.2B | 0 | ||
| 2024 Q4 | 1972 | $12.4B | 0 | ||
| 2024 Q3 | 1914 | $12.3B | 0 | ||
| 2024 Q2 | 1909 | $11.2B | 0 | ||
| 2024 Q1 | 1771 | $13.3B | 0 | ||
| 2023 Q4 | 1715 | $10.7B | 0 | ||
| 2023 Q3 | 1715 | $9.6B | 0 | ||
| 2023 Q2 | 1759 | $10.0B | — | ||
| 2023 Q1 | 1742 | $9.7B | — | ||
| 2022 Q4 | 1701 | $9.1B | — | ||
| 2022 Q3 | 1707 | $8.8B | — | ||
| 2022 Q2 | 1743 | $8.9B | — | ||
| 2022 Q1 | 1773 | $10.2B | — | ||
| 2021 Q4 | 1742 | $10.3B | — |
Holding changes this quarter
TD Waterhouse Canada Inc.'s most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Cheesecake Factory Inc/the (CAKE); New buy: Verisign Inc (VRSN); Sold out: Isha Curr Hedged Msci Japan (HEWJ).
Showing top 200 changes by size (of 2631 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +0.9% | +5.13% | Add |
| 2 | NVDA | Nvidia CORP | +0.7% | +7.08% | Add |
| 3 | SU | Suncor Energy Inc | +0.4% | -0.57% | Trim |
| 4 | ✓ | +0.4% | NEW | New buy | |
| 5 | AAPL | Apple Inc | +0.4% | +0.29% | Add |
| 6 | CNQ | Canadian Natural Resources | +0.4% | +1.38% | Add |
| 7 | AEM | Agnico Eagle Mines LTD | +0.3% | +3.73% | Add |
| 8 | NTR | Nutrien LTD | +0.2% | +10.48% | Add |
| 9 | META | Meta Platforms Inc-class A | +0.2% | +4.87% | Add |
| 10 | CVE | Cenovus Energy Inc | +0.2% | +0.33% | Add |
| 11 | AMD | Advanced Micro Devices | +0.2% | +63.43% | Add |
| 12 | JNJ | Johnson & Johnson | +0.2% | +22.60% | Add |
| 13 | MU | Micron Technology Inc | +0.2% | +39.32% | Add |
| 14 | SHOP | Shopify Inc - Class A | +0.2% | +11.71% | Add |
| 15 | ABCL | Abcellera Biologics Inc | +0.1% | -3.62% | Trim |
| 16 | PLTR | Palantir Technologies Inc-a | +0.1% | +192.44% | Add |
| 17 | LLY | Eli Lilly & Co | +0.1% | +26.51% | Add |
| 18 | DELL | Dell Technologies -c | +0.1% | +168.57% | Add |
| 19 | DINO | Hf Sinclair CORP | +0.1% | +267609.84% | Add |
| 20 | B | Barrick Mining CORP | +0.1% | +4.42% | Add |
| 21 | TRI | Thomson Reuters CORP | +0.1% | +13.21% | Add |
| 22 | ILMN | Illumina Inc | +0.1% | +599.19% | Add |
| 23 | RTX | Rtx CORP | +0.1% | +121.60% | Add |
| 24 | NOW | Servicenow Inc | +0.1% | +210.09% | Add |
| 25 | KO | Coca-cola Co/the | +0.1% | +73.72% | Add |
| 26 | PANW | Palo Alto Networks Inc | +0.1% | +2.91% | Add |
| 27 | ANET | Arista Networks Inc | +0.1% | +12.33% | Add |
| 28 | MRK | Merck & Co. Inc. | +0.1% | +37.05% | Add |
| 29 | FNV | Franco-nevada CORP | +0.1% | +3.56% | Add |
| 30 | PGR | Progressive CORP | +0.1% | +900.75% | Add |
| 31 | FCX | Freeport-mcmoran Inc | +0.1% | +24.63% | Add |
| 32 | WPM | Wheaton Precious Metals CORP | +0.1% | -2.19% | Trim |
| 33 | FTNT | Fortinet Inc | +0.1% | +146.51% | Add |
| 34 | AMZN | Amazon.com Inc | +0.1% | +1.97% | Add |
| 35 | MET | Metlife Inc | +0.1% | +136.52% | Add |
| 36 | CLS | Celestica Inc | +0.1% | +36.47% | Add |
| 37 | CMDY | Ishares Bloomberg Roll Selec | +0.1% | +14.85% | Add |
| 38 | CVX | Chevron CORP | +0.1% | +35.91% | Add |
| 39 | RACE | Ferrari N.V. | +0.1% | +111.80% | Add |
| 40 | MFC | Manulife Financial CORP | 0% | -0.03% | Trim |
| 41 | V | Visa Inc-class A Shares | 0% | +1.79% | Add |
| 42 | CNI | Canadian Natl Railway Co | 0% | +5.78% | Add |
| 43 | WELL | Welltower Inc | 0% | +116.77% | Add |
| 44 | MPC | Marathon Petroleum CORP | 0% | +200.29% | Add |
| 45 | GWW | Ww Grainger Inc | 0% | +75.39% | Add |
| 46 | NEM | Newmont CORP | 0% | +4.52% | Add |
| 47 | CSX | Csx CORP | 0% | +41.49% | Add |
| 48 | CAKE | Cheesecake Factory Inc/the | 0% | NEW | New buy |
| 49 | MRNA | Moderna Inc | 0% | +2042.59% | Add |
| 50 | MCK | Mckesson CORP | 0% | +2.77% | Add |
1–50 of 200
Filing History
FAQ
What is TD Waterhouse Canada Inc. and what type of investor is it?
TD Waterhouse Canada Inc. 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $38.4B, spread across 2464 disclosed positions.
What are TD Waterhouse Canada Inc.'s largest equity positions?
Based on the latest 13F filing, TD Waterhouse Canada Inc.'s top holdings by market value are:
1. Toronto-dominion Bank (TD) — $2.4B (6.2%)
2. Royal Bank Of Canada (RY) — $2.2B (5.8%)
3. Apple Inc (AAPL) — $1.4B (3.7%)
4. Nvidia CORP (NVDA) — $1.3B (3.4%)
5. Microsoft CORP (MSFT) — $1.2B (3.1%)
What changes did TD Waterhouse Canada Inc. make in its most recent portfolio filing?
In the latest reported quarter, TD Waterhouse Canada Inc. made 200 notable position adjustments: 4 new positions were initiated, 102 existing holdings were added to, 88 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Cheesecake Factory Inc/the (CAKE); New buy: Verisign Inc (VRSN); Sold out: Isha Curr Hedged Msci Japan (HEWJ)
What sectors does TD Waterhouse Canada Inc. focus on?
TD Waterhouse Canada Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 34.3%
• Information Technology: 20.1%
• Energy: 11.6%
• Industrials: 7.8%
• Materials: 6.6%
• Consumer Discretionary: 5.1%
Investment Profile
TD Waterhouse Canada Inc. returned an annualized 23.7% over the trailing 36 months — outperforming the S&P 500 by 3.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 34.3% of the portfolio concentrated in Financials.
It has added to its NVDA position over the past two quarters (+$463.9M, now $1.3B), while trimming TU over the same stretch (-$173.8M, still holding $90.0M).
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Developer Access
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