Total reported value
$33.7B
Reporting period: 2026-03-31 · Number of holdings: 2307
TD Waterhouse Canada Inc. disclosed 2307 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $33.7B and a quarterly turnover rate of 74.1%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "T"
Add AEM
+245.7% $586.8M
Add SU
+163.4% $535.2M
Add NVDA
+227.1% $555.2M
Add CNQ
+138.9% $510.8M
Add BMO
+168.8% $547.8M
Add CP
+261.8% $351.8M
The fund is executing a broad-market capital rotation, systematically adding to Canadian Financials and Energy while catching the US tech trend. This high-turnover engine targets alpha by front-running crowded trades in cyclicals, accepting loose position sizing for higher exposure velocity across its 2,307-name basket.
Embedded flows reflect a late-cycle rate normalization bet that profits from steepening yields; weighting Financials at 33.69% and Energy at 13.12% confirms an aggressive tilt toward tangible cash generators. The opposing thesis argues that heavy diversification into hard assets leaves growth valuations exposed to an imminent liquidity trap when Treasury issuance peaks, triggering a rotation unwind that will compress momentum premia.
The structure relies on continuous bid support across thousands of names. A volatility spike triggers mechanical stops through the long tail, creating a positioning squeeze that amplifies drawdowns exactly when the strategy’s turnover engine expects smooth execution. Without concentrated conviction, the spread-thin portfolio bleeds beta during stress regimes.
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.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TD | Toronto-dominion Bank | Stock-Financials | 5.77% | +0.33% | +122.48% | |
| 2 | RY | Royal Bank Of Canada | Stock-Financials | 5.72% | -0.03% | +119.06% | |
| 3 | AAPL | Apple INC | Stock-Tech | 3.18% | +0.62% | +177.84% | |
| 4 | ENB | Enbridge INC | Stock-Energy | 2.53% | +0.35% | +118.17% | |
| 5 | BMO | Bank Of Montreal | Stock-Financials | 2.52% | +0.65% | +168.82% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.44% | +0.78% | +227.07% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 2.36% | -0.54% | +123.87% | |
| 8 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 2.31% | +0.41% | +141.74% | |
| 9 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 2.27% | +1.15% | +245.66% | |
| 10 | CNQ | Canadian Natural Resources | Stock-Energy | 2.19% | +0.77% | +138.92% | |
| 11 | SU | Suncor Energy INC | Stock-Energy | 2.16% | +0.96% | +163.36% | |
| 12 | BNS | Bank Of Nova Scotia | Stock-Financials | 2.00% | -0.14% | +107.64% | |
| 13 | TRP | Tc Energy CORP | Stock-Energy | 1.88% | +0.24% | +114.47% | |
| 14 | MFC | Manulife Financial CORP | Stock-Financials | 1.72% | +0.17% | +142.14% | |
| 15 | BN | Brookfield CORP | Stock-Financials | 1.64% | -0.09% | +124.64% | |
| 16 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.64% | -0.32% | +91.40% | |
| 17 | FTS | Fortis INC | Stock-Utilities | 1.53% | -0.13% | +81.11% | |
| 18 | CP | Canadian Pacific Kansas City | Stock-Industrials | 1.42% | +0.64% | +261.85% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.41% | -0.23% | +87.79% | |
| 20 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.38% | -0.30% | +88.59% | |
| 21 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.28% | -0.29% | +82.61% | |
| 22 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.27% | +0.05% | +111.36% | |
| 23 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.24% | — | +122.14% | |
| 24 | NTR | Nutrien LTD | Stock-Materials | 1.18% | +0.28% | +129.14% | |
| 25 | AVGO | Broadcom INC | Stock-Tech | 1.05% | +0.22% | +194.44% | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 1.04% | -0.45% | +72.75% | |
| 27 | SLF | Sun Life Financial INC | Stock-Financials | 1.03% | +0.18% | +152.70% | |
| 28 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.99% | -0.01% | +80.72% | |
| 29 | TU | Telus CORP | Stock-Other | 0.78% | +0.02% | +121.46% | |
| 30 | B | Barrick Mining CORP | Stock-Materials | 0.78% | +0.53% | +578.26% | |
| 31 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.78% | — | +139.28% | |
| 32 | CVE | Cenovus Energy INC | Stock-Energy | 0.74% | +0.28% | +121.47% | |
| 33 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.71% | +0.15% | +124.60% | |
| 34 | EMA | Emera INC | Stock-Other | 0.70% | +0.09% | +128.68% | |
| 35 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.65% | -0.09% | +75.43% | |
| 36 | BAM | Brookfield Asset Mgmt-a | Stock-Financials | 0.61% | +0.13% | +220.36% | |
| 37 | FNV | Franco-nevada CORP | Stock-Materials | 0.58% | +0.22% | +173.40% | |
| 38 | HD | Home Depot INC | Stock-Consumer Disc | 0.56% | -0.07% | +96.02% | |
| 39 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.54% | — | +80.66% | |
| 40 | RCI | Rogers Communications Inc-b | Stock-Other | 0.53% | -0.04% | +94.95% | |
| 41 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 0.51% | +0.10% | +142.39% | |
| 42 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.50% | — | +88.36% | |
| 43 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.48% | — | +13.67% | |
| 44 | XOM | Exxon Mobil CORP | Stock-Energy | 0.46% | +0.30% | +353.83% | |
| 45 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.44% | +0.15% | +201.64% | |
| 46 | WMT | Walmart INC | Stock-Consumer Staples | 0.43% | — | +27.70% | |
| 47 | GEV | GE Vernova INC | Stock-Industrials | 0.42% | +0.25% | +282.47% | |
| 48 | GE | General Electric | Stock-Industrials | 0.42% | — | +107.07% | |
| 49 | SHOP | Shopify INC - Class A | Stock-Tech | 0.42% | — | +132.24% | |
| 50 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.41% | — | +48.26% |
Performance for Q3 2026
+4.1%
Performance Last 4 Quarters
+29.4%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2307 | $33.7B | 74 | |
| 2025-12-31 | 2042 | $16.1B | 15 | |
| 2025-09-30 | 2064 | $15.3B | 29 | |
| 2025-06-30 | 1992 | $14.0B | 0 | |
| 2025-03-31 | 1949 | $12.2B | 0 | |
| 2024-12-31 | 1972 | $12.4B | 0 | |
| 2024-09-30 | 1914 | $12.3B | 0 | |
| 2024-06-30 | 1909 | $11.2B | 0 | |
| 2024-03-31 | 1771 | $13.3B | 0 | |
| 2023-12-31 | 1715 | $10.7B | 0 | |
| 2023-09-30 | 1715 | $9.6B | 0 | |
| 2023-06-30 | 1759 | $10.0B | — | |
| 2023-03-31 | 1742 | $9.7B | — | |
| 2022-12-31 | 1701 | $9.1B | — | |
| 2022-09-30 | 1707 | $8.8B | — | |
| 2022-06-30 | 1743 | $8.9B | — | |
| 2022-03-31 | 1773 | $10.2B | — | |
| 2021-12-31 | 1742 | $10.3B | — |
TD Waterhouse Canada Inc.'s most significant position changes for 2026-03-31: Add: Agnico Eagle Mines LTD (AEM) — shares +245.66%; Add: Suncor Energy INC (SU) — shares +163.36%; Add: Nvidia CORP (NVDA) — shares +227.07%; Add: Canadian Natural Resources (CNQ) — shares +138.92%; Add: Bank Of Montreal (BMO) — shares +168.82%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AEM | Agnico Eagle Mines LTD | +1.2% | +245.66% | Add |
| 2 | SU | Suncor Energy INC | +1% | +163.36% | Add |
| 3 | NVDA | Nvidia CORP | +0.8% | +227.07% | Add |
| 4 | CNQ | Canadian Natural Resources | +0.8% | +138.92% | Add |
| 5 | BMO | Bank Of Montreal | +0.7% | +168.82% | Add |
| 6 | CP | Canadian Pacific Kansas City | +0.6% | +261.85% | Add |
| 7 | AAPL | Apple INC | +0.6% | +177.84% | Add |
| 8 | B | Barrick Mining CORP | +0.5% | +578.26% | Add |
| 9 | CM | Can Imperial Bk Of Commerce | +0.4% | +141.74% | Add |
| 10 | ENB | Enbridge INC | +0.4% | +118.17% | Add |
| 11 | TD | Toronto-dominion Bank | +0.3% | +122.48% | Add |
| 12 | XOM | Exxon Mobil CORP | +0.3% | +353.83% | Add |
| 13 | NTR | Nutrien LTD | +0.3% | +129.14% | Add |
| 14 | CVE | Cenovus Energy INC | +0.3% | +121.47% | Add |
| 15 | GEV | GE Vernova INC | +0.3% | +282.47% | Add |
| 16 | TRP | Tc Energy CORP | +0.2% | +114.47% | Add |
| 17 | MCK | Mckesson CORP | +0.2% | +586.12% | Add |
| 18 | ABBV | Abbvie INC | +0.2% | +813.89% | Add |
| 19 | LNG | Cheniere Energy INC | +0.2% | +1988.15% | Add |
| 20 | AVGO | Broadcom INC | +0.2% | +194.44% | Add |
| 21 | FNV | Franco-nevada CORP | +0.2% | +173.40% | Add |
| 22 | HWM | Howmet Aerospace INC | +0.2% | +441.68% | Add |
| 23 | SLF | Sun Life Financial INC | +0.2% | +152.70% | Add |
| 24 | MFC | Manulife Financial CORP | +0.2% | +142.14% | Add |
| 25 | TRI4EUR | Thomson Reuters CORP | +0.2% | +484.68% | Add |
| 26 | JNJ | Johnson & Johnson | +0.2% | +124.60% | Add |
| 27 | TJX | Tjx Companies INC | +0.2% | +201.64% | Add |
| 28 | AXP | American Express Co | +0.1% | +329.50% | Add |
| 29 | BAM | Brookfield Asset Mgmt-a | +0.1% | +220.36% | Add |
| 30 | QSR | Restaurant Brands Intern | +0.1% | +142.39% | Add |
| 31 | EMA | Emera INC | +0.1% | +128.68% | Add |
| 32 | CNI | Canadian Natl Railway Co | +0.1% | +111.36% | Add |
| 33 | TU | Telus CORP | 0% | +121.46% | Add |
| 34 | GOOGL | Alphabet Inc-cl A | — | +122.14% | Add |
| 35 | META | Meta Platforms Inc-class A | — | +139.28% | Add |
| 36 | WPM | Wheaton Precious Metals CORP | — | +80.66% | Add |
| 37 | COST | Costco Wholesale CORP | 0% | +80.72% | Add |
| 38 | RY | Royal Bank Of Canada | 0% | +119.06% | Add |
| 39 | RCI | Rogers Communications Inc-b | 0% | +94.95% | Add |
| 40 | HD | Home Depot INC | -0.1% | +96.02% | Add |
| 41 | BN | Brookfield CORP | -0.1% | +124.64% | Add |
| 42 | VEA | Vanguard Ftse Developed ETF | -0.1% | +75.43% | Add |
| 43 | FTS | Fortis INC | -0.1% | +81.11% | Add |
| 44 | BNS | Bank Of Nova Scotia | -0.1% | +107.64% | Add |
| 45 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | +87.79% | Add |
| 46 | GOOG | Alphabet Inc-cl C | -0.3% | +82.61% | Add |
| 47 | AMZN | Amazon.com INC | -0.3% | +88.59% | Add |
| 48 | JPM | Jpmorgan Chase & Co | -0.3% | +91.40% | Add |
| 49 | V | Visa Inc-class A Shares | -0.5% | +72.75% | Add |
| 50 | MSFT | Microsoft CORP | -0.5% | +123.87% | Add |
Institutions with a similar AUM
CIK 0002006397
Total reported value
$33.7B
3 stks
2026-03-31
AUM within 0.1% of this institution
CIK 0001364615
Total reported value
$33.8B
3,227 stks
2020-12-31
Stale — no recent filing
AUM within 0.3% of this institution
CIK 0001068855
Total reported value
$33.9B
911 stks
2026-03-31
AUM within 0.6% of this institution
Institutions with overlapping top holdings
CIK 0001335382
Total reported value
$1.2B
283 stks
2026-03-31
4 of the top 5 holdings overlap, including Royal Bank Of Canada
CIK 0001512652
Total reported value
$1.0B
167 stks
2024-09-30
Stale — no recent filing
4 of the top 5 holdings overlap, including Royal Bank Of Canada
CIK 0001649888
Total reported value
$501.3M
146 stks
2024-12-31
Stale — no recent filing
4 of the top 5 holdings overlap, including Apple INC