CIK: 0001938757
Total reported value
$661.5M
Reporting period: 2026-03-31 · Number of holdings: 137
Triasima Portfolio Management inc. disclosed 137 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $661.5M and a quarterly turnover rate of 41.9%.
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Triasima Portfolio Management inc.'s disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 59 equally-sized positions, well below its 137 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 1.15), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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 23% 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.
Trim BN
-84.3% -$15.8M
Trim SHOP
-14.9% -$11.0M
Trim AVGO
-43.8% -$6.8M
Trim IAG
-69.3% -$6.7M
Trim KGC
-34.5% -$6.4M
Add MFC
+1015.3% $5.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RY | Royal Bank Of Canada | Stock-Financials | 6.16% | — | +5.22% | |
| 2 | TD | Toronto-dominion Bank | Stock-Financials | 3.89% | +0.34% | +9.91% | |
| 3 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 3.30% | — | +3.84% | |
| 4 | BMO | Bank Of Montreal | Stock-Financials | 2.87% | +0.61% | +21.21% | |
| 5 | SHOP | Shopify INC - Class A | Stock-Tech | 2.78% | -1.62% | -14.87% | |
| 6 | KGC | Kinross Gold CORP | Stock-Materials | 2.34% | -0.93% | -34.54% | |
| 7 | TIGO | Millicom International Cellular S.A. | Stock-Comm Services | 2.31% | +0.62% | +0.18% | |
| 8 | FTS | Fortis INC | Stock-Utilities | 2.15% | — | +2.49% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.08% | — | +3.06% | |
| 10 | PAAS | Pan American Silver CORP | Stock-Materials | 1.84% | — | -11.75% | |
| 11 | HBM | Hudbay Minerals INC | Stock-Other | 1.81% | — | -2.01% | |
| 12 | CCJ | Cameco CORP | Stock-Energy | 1.78% | +0.31% | +2.02% | |
| 13 | TJX | Tjx Companies INC | Stock-Consumer Disc | 1.73% | — | +2.66% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.66% | — | -10.33% | |
| 15 | MSFT | Microsoft CORP | Stock-Tech | 1.61% | -0.46% | +0.81% | |
| 16 | CLS | Celestica INC | Stock-Tech | 1.59% | — | -6.49% | |
| 17 | CIB | Grupo Cibest Sa-adr | Stock-Other | 1.58% | — | +2.58% | |
| 18 | IMO | Imperial Oil LTD | Stock-Energy | 1.44% | +0.35% | -13.37% | |
| 19 | ✓ | Ferrovial Se | Stock-Other | 1.39% | — | +10.59% | |
| 20 | CVE | Cenovus Energy INC | Stock-Energy | 1.38% | — | -24.19% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 1.36% | -0.61% | -26.86% | |
| 22 | WELL | Welltower INC | Stock-Real Estate | 1.35% | — | +1.22% | |
| 23 | BNS | Bank Of Nova Scotia | Stock-Financials | 1.34% | — | -0.87% | |
| 24 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 1.21% | — | +4.57% | |
| 25 | ENB | Enbridge INC | Stock-Energy | 1.19% | -0.46% | -36.81% | |
| 26 | TFII | Tfi International INC | Stock-Other | 1.13% | +1.13% | NEW | |
| 27 | BCE | Bce INC | Stock-Comm Services | 1.13% | +1.13% | NEW | |
| 28 | AGI | Alamos Gold Inc-class A | Stock-Materials | 1.06% | — | +1.31% | |
| 29 | AVGO | Broadcom INC | Stock-Tech | 1.05% | -1.01% | -43.78% | |
| 30 | GRTUF | Granite Real Estate Investme | Stock-Other | 1.04% | +1.04% | NEW | |
| 31 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.01% | — | +1.96% | |
| 32 | AER | AerCap Holdings N.V. | Stock-Industrials | 1.00% | — | +11.70% | |
| 33 | GEV | GE Vernova INC | Stock-Industrials | 1.00% | — | -20.42% | |
| 34 | FIX | Comfort Systems USA INC | Stock-Industrials | 0.97% | +0.39% | +12.62% | |
| 35 | GS | Goldman Sachs Group INC | Stock-Financials | 0.95% | — | +1.70% | |
| 36 | AAPL | Apple INC | Stock-Tech | 0.94% | — | +32.66% | |
| 37 | LRCX | Lam Research CORP | Stock-Tech | 0.93% | — | +12.08% | |
| 38 | CNI | Canadian Natl Railway Co | Stock-Industrials | 0.93% | +0.35% | +54.51% | |
| 39 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.92% | -0.61% | -34.54% | |
| 40 | MGA | Magna International INC | Stock-Consumer Disc | 0.90% | — | +3.60% | |
| 41 | SPG | Simon Property Group INC | Stock-Real Estate | 0.89% | +0.89% | NEW | |
| 42 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.88% | — | +6.38% | |
| 43 | UBS | UBS Group AG | Stock-Financials | 0.88% | — | +2.71% | |
| 44 | MFC | Manulife Financial CORP | Stock-Financials | 0.87% | +0.79% | +1015.28% | |
| 45 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.85% | +0.55% | +154.78% | |
| 46 | MCK | Mckesson CORP | Stock-Healthcare | 0.80% | — | +12.66% | |
| 47 | CHRW | C.h. Robinson Worldwide INC | Stock-Industrials | 0.79% | — | — | |
| 48 | INTC | Intel CORP | Stock-Tech | 0.78% | +0.43% | +84.80% | |
| 49 | SPGI | S&p Global INC | Stock-Financials | 0.71% | +0.71% | NEW | |
| 50 | KLAC | Kla CORP | Stock-Tech | 0.70% | — | -21.10% |
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
+35%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 137 | $661.5M | 42 | |
| 2025-12-31 | 143 | $667.7M | 47 | |
| 2025-09-30 | 149 | $662.6M | 84 | |
| 2025-06-30 | 128 | $547.2M | 0 | |
| 2025-03-31 | 144 | $508.2M | 0 | |
| 2024-12-31 | 144 | $515.3M | 0 | |
| 2024-09-30 | 85 | $444.9M | 0 | |
| 2024-06-30 | 139 | $1.1B | 0 | |
| 2024-03-31 | 138 | $1.2B | 0 | |
| 2023-12-31 | 129 | $1.2B | 0 | |
| 2023-09-30 | 127 | $1.1B | 0 | |
| 2023-06-30 | 137 | $1.6B | 0 | |
| 2023-03-31 | 132 | $1.2B | 0 | |
| 2022-12-31 | 129 | $1.3B | 0 | |
| 2022-09-30 | 124 | $1.2B | 0 | |
| 2022-06-30 | 135 | $1.4B | 0 | |
| 2022-03-31 | 148 | $2.1B | 0 | |
| 2021-12-31 | 153 | $2.1B | 0 | |
| 2021-09-30 | 155 | $1.9B | 0 | |
| 2021-06-30 | 176 | $2.1B | 0 | |
| 2021-03-31 | 174 | $2.0B | 0 | |
| 2020-12-31 | 157 | $1.8B | 0 |
Triasima Portfolio Management inc.'s most significant position changes for 2026-03-31: Sold out: Alibaba Group Holding-sp Adr (BABA); New buy: Tfi International INC (TFII); New buy: Bce INC (BCE); New buy: Granite Real Estate Investme (GRTUF); New buy: Simon Property Group INC (SPG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MFC | Manulife Financial CORP | +0.8% | +1015.28% | Add |
| 2 | TIGO | Millicom International Cellular S.A. | +0.6% | +0.18% | Add |
| 3 | BMO | Bank Of Montreal | +0.6% | +21.21% | Add |
| 4 | WPM | Wheaton Precious Metals CORP | +0.6% | +154.78% | Add |
| 5 | INTC | Intel CORP | +0.4% | +84.80% | Add |
| 6 | FIX | Comfort Systems USA INC | +0.4% | +12.62% | Add |
| 7 | AQN | Algonquin Power & Utilities | +0.4% | +208.49% | Add |
| 8 | CNI | Canadian Natl Railway Co | +0.4% | +54.51% | Add |
| 9 | IMO | Imperial Oil LTD | +0.4% | -13.37% | Trim |
| 10 | TD | Toronto-dominion Bank | +0.3% | +9.91% | Add |
| 11 | CCJ | Cameco CORP | +0.3% | +2.02% | Add |
| 12 | GIL | Gildan Activewear INC | -0.4% | -52.78% | Trim |
| 13 | ANET | Arista Networks INC | -0.4% | -66.58% | Trim |
| 14 | VZLA | Vizsla Silver CORP | -0.4% | -94.62% | Trim |
| 15 | ENB | Enbridge INC | -0.5% | -36.81% | Trim |
| 16 | MSFT | Microsoft CORP | -0.5% | +0.81% | Add |
| 17 | MDT | Medtronic plc | -0.5% | -50.12% | Trim |
| 18 | RKT | Rocket Cos Inc-class A | -0.5% | -88.86% | Trim |
| 19 | DOO | Brp Inc/ca- Sub Voting | -0.5% | -64.28% | Trim |
| 20 | META | Meta Platforms Inc-class A | -0.6% | -68.99% | Trim |
| 21 | NVDA | Nvidia CORP | -0.6% | -26.86% | Trim |
| 22 | JPM | Jpmorgan Chase & Co | -0.6% | -34.54% | Trim |
| 23 | KGC | Kinross Gold CORP | -0.9% | -34.54% | Trim |
| 24 | IAG | Iamgold CORP | -1% | -69.28% | Trim |
| 25 | AVGO | Broadcom INC | -1% | -43.78% | Trim |
| 26 | SHOP | Shopify INC - Class A | -1.6% | -14.87% | Trim |
| 27 | BN | Brookfield CORP | -2.4% | -84.31% | Trim |
| 28 | BABA | Alibaba Group Holding-sp Adr | — | EXIT | Sold out |
| 29 | TFII | Tfi International INC | — | NEW | New buy |
| 30 | BCE | Bce INC | — | NEW | New buy |
| 31 | GRTUF | Granite Real Estate Investme | — | NEW | New buy |
| 32 | SPG | Simon Property Group INC | — | NEW | New buy |
| 33 | SPGI | S&p Global INC | — | NEW | New buy |
| 34 | EVR | Evercore INC - A | — | EXIT | Sold out |
| 35 | FSLR | First Solar INC | — | EXIT | Sold out |
| 36 | MDA | Mda Space LTD | — | NEW | New buy |
| 37 | CFG | Citizens Financial Group | — | NEW | New buy |
| 38 | AMD | Advanced Micro Devices | — | EXIT | Sold out |
| 39 | ROL | Rollins INC | — | EXIT | Sold out |
| 40 | ABBV | Abbvie INC | — | EXIT | Sold out |
| 41 | JBL | Jabil INC | — | NEW | New buy |
| 42 | NE | Noble Corporation plc | — | NEW | New buy |
| 43 | XPEV | Xpeng INC - Adr | — | EXIT | Sold out |
| 44 | PANW | Palo Alto Networks INC | — | EXIT | Sold out |
| 45 | HSLV | Highlander Silver CORP | — | NEW | New buy |
| 46 | NET | Cloudflare INC - Class A | — | EXIT | Sold out |
| 47 | TXN | Texas Instruments INC | — | NEW | New buy |
| 48 | HBAN | Huntington Bancshares INC | — | NEW | New buy |
| 49 | WSM | Williams-sonoma INC | — | NEW | New buy |
| 50 | LITE | Lumentum Holdings INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-24 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-02 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-29 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-23 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-02 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-28 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-06 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-26 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-29 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-08 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-28 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-21 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-09 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2023-03-10 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-10-20 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2023-03-10 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2023-03-10 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2023-03-10 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2023-03-10 | Amendment | View on EDGAR |
| 2021-09-30 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2023-03-10 | Amendment | View on EDGAR |
| 2021-06-30 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2023-03-10 | Amendment | View on EDGAR |
| 2021-03-31 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2023-03-10 | Amendment | View on EDGAR |
| 2020-12-31 | 2022-07-20 | 13F-HR | View on EDGAR |
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