CIK: 0000898581
Total reported value
$19.5B
Reporting period: 2017-09-30 · Number of holdings: 426
I.G. INVESTMENT MANAGEMENT, LTD. disclosed 426 holdings in its latest 13F filing for the period ending 2017-09-30, with total reported value of $19.5B and a quarterly turnover rate of 21.2%.
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I.g. Investment Management, LTD.'s disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 35 equally-sized positions, well below its 426 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 3.36), 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.
Sector classification currently covers about 27% 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 TCPA
-28.0% -$219.9M
Add AEP
+6936.3% $136.5M
Add SJR-BEUR
+7.0% $110.3M
Add PFE
+20.6% $94.0M
Trim XOM
-63.1% -$82.2M
Add MO
+115.3% $67.7M
I.G. is rotating defensively: shedding cyclical industrials (ETN, ROK) and trimming a top holding (TCPA) to redeploy into regulated utility AEP and increasing Shaw Communications. This is a deliberate capital-preservation shift, not an alpha chase—the portfolio is moving toward income stability and away from high-beta exposure.
The portfolio prices in a late-cycle slowdown: selling Eaton and Rockwell Automation cuts exposure to manufacturing capex, while adding AEP and Shaw bets on cash-flow certainty in a low-rate, decelerating regime. The opposing thesis is that pro-growth fiscal policy and tech-driven productivity extend the cycle, which would punish defensive positioning and reward the cyclicals just exited.
With 426 holdings and an HHI of 0.0287, the fund suffers from conviction fragmentation. The average position weight of ~0.23% means no single bet can drive meaningful alpha, while the sheer number of small positions creates a drag that mimics a low-active-share indexer. This structure leaves the portfolio exposed to systemic tail risk without the offset of concentrated, high-conviction bets.
AI-assisted summary drawn from public regulatory disclosures, covering historical data only. Not a substitute for professional investment advice.
Showing top 200 holdings (of 426 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RY | Royal Bank Of Canada | Stock-Financials | 7.65% | — | -5.90% | |
| 2 | ENB | Enbridge INC | Stock-Energy | 6.53% | +0.25% | -0.20% | |
| 3 | BNS | Bank Of Nova Scotia | Stock-Financials | 6.43% | -0.31% | -10.04% | |
| 4 | SJR-BEUR | Shaw Communications Inc-b | Stock-Other | 4.98% | +0.54% | +6.99% | |
| 5 | TD | Toronto-dominion Bank | Stock-Financials | 4.33% | +0.11% | -7.49% | |
| 6 | BMO | Bank Of Montreal | Stock-Financials | 4.13% | — | -1.87% | |
| 7 | TU | Telus CORP | Stock-Other | 3.77% | +0.18% | +1.52% | |
| 8 | MFC | Manulife Financial CORP | Stock-Financials | 3.67% | +0.26% | +0.20% | |
| 9 | TCPA | TransCanada PipeLines Limited 6 | Stock-Other | 3.32% | -1.15% | -28.00% | |
| 10 | VZ | Verizon Communications INC | Stock-Comm Services | 3.28% | +0.26% | -1.63% | |
| 11 | PFE | Pfizer INC | Stock-Healthcare | 2.19% | +0.47% | +20.61% | |
| 12 | FTS | Fortis INC | Stock-Utilities | 1.44% | — | -7.25% | |
| 13 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.44% | — | -0.66% | |
| 14 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.25% | +0.21% | +22.45% | |
| 15 | C | Citigroup INC | Stock-Financials | 1.20% | — | -2.36% | |
| 16 | CP | Canadian Pacific Kansa F | Stock-Industrials | 1.16% | +0.30% | +30.60% | |
| 17 | SLF | Sun Life Financial INC | Stock-Financials | 1.12% | +0.10% | -0.27% | |
| 18 | MRK | Merck & Co. INC. | Stock-Healthcare | 1.08% | — | +10.74% | |
| 19 | UNP | Union Pacific CORP | Stock-Industrials | 1.07% | — | -6.86% | |
| 20 | OTEX | Open Text CORP | Stock-Other | 1.01% | +0.23% | +27.33% | |
| 21 | ORCL | Oracle CORP | Stock-Tech | 0.98% | +0.22% | +35.22% | |
| 22 | BCE | Bce INC | Stock-Comm Services | 0.91% | -0.13% | -15.24% | |
| 23 | BAC | Bank Of America CORP | Stock-Financials | 0.85% | — | +5.93% | |
| 24 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.84% | +0.24% | +43.57% | |
| 25 | CNQ | Canadian Natural Resources | Stock-Energy | 0.82% | — | -7.10% | |
| 26 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.80% | -0.14% | -17.07% | |
| 27 | CVE | Cenovus Energy INC | Stock-Energy | 0.80% | +0.21% | +0.44% | |
| 28 | DD | DuPont de Nemours, Inc. | Stock-Other | 0.78% | +0.78% | NEW | |
| 29 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.77% | — | +1.98% | |
| 30 | BAM | Brookfield Asset Management Ltd. | Stock-Financials | 0.77% | +0.11% | +11.33% | |
| 31 | MO | Altria Group INC | Stock-Consumer Staples | 0.76% | +0.34% | +115.31% | |
| 32 | AAPL | Apple INC | Stock-Tech | 0.73% | +0.11% | +11.18% | |
| 33 | DAL | Delta Air Lines INC | Stock-Industrials | 0.73% | — | +10.74% | |
| 34 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 0.71% | +0.70% | +6936.26% | |
| 35 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.66% | — | — | |
| 36 | TRI | Thomson Reuters Corporation | Stock-Industrials | 0.64% | +0.27% | +75.33% | |
| 37 | MSFT | Microsoft CORP | Stock-Tech | 0.61% | — | -4.65% | |
| 38 | USB | US Bancorp | Stock-Financials | 0.61% | — | -6.74% | |
| 39 | DFSEUR | Discover Financial Services | Stock-Other | 0.60% | +0.17% | +35.06% | |
| 40 | CNI | Canadian Natl Railway Co | Stock-Industrials | 0.59% | +0.14% | +29.38% | |
| 41 | UTXZ | United Tech CORP | Stock-Other | 0.57% | — | +21.07% | |
| 42 | CSCO | Cisco Systems INC | Stock-Tech | 0.53% | — | -15.75% | |
| 43 | GS | Goldman Sachs Group INC | Stock-Financials | 0.52% | — | +6.02% | |
| 44 | PEP | Pepsico INC | Stock-Consumer Staples | 0.51% | — | -2.37% | |
| 45 | CVX | Chevron CORP | Stock-Energy | 0.50% | — | +4.34% | |
| 46 | WFC | Wells Fargo & Co | Stock-Financials | 0.47% | -0.20% | -28.49% | |
| 47 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.46% | — | -16.30% | |
| 48 | INTC | Intel CORP | Stock-Tech | 0.45% | — | -15.69% | |
| 49 | SU | Suncor Energy INC | Stock-Energy | 0.45% | — | -26.10% | |
| 50 | CVS | Cvs Health CORP | Stock-Healthcare | 0.43% | -0.15% | -26.73% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2017-09-30 | 426 | $19.5B | 21 | |
| 2017-06-30 | 388 | $19.4B | 23 | |
| 2017-03-31 | 389 | $19.6B | 21 | |
| 2016-12-31 | 390 | $19.1B | 44 | |
| 2016-09-30 | 890 | $25.8B | 17 | |
| 2016-06-30 | 896 | $25.2B | 16 | |
| 2016-03-31 | 905 | $24.8B | 20 | |
| 2015-12-31 | 882 | $23.4B | 16 | |
| 2015-09-30 | 884 | $23.9B | 22 | |
| 2015-06-30 | 883 | $26.3B | 17 | |
| 2015-03-31 | 859 | $26.3B | 19 | |
| 2014-12-31 | 860 | $27.7B | 20 | |
| 2014-09-30 | 846 | $28.0B | 14 | |
| 2014-06-30 | 885 | $29.2B | 15 | |
| 2014-03-31 | 834 | $27.8B | 16 | |
| 2013-12-31 | 846 | $27.7B | 19 | |
| 2013-09-30 | 799 | $26.4B | 14 | |
| 2013-06-30 | 787 | $24.7B | 0 |
I.g. Investment Management, LTD.'s most significant position changes for 2017-09-30: New buy: DuPont de Nemours, Inc. (DD); Sold out: Dow Chem Co (DOW); Sold out: Rockwell Automation, Inc. (ROK); Sold out: ; Sold out: Eaton Corporation plc (ETN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AEP | American Electric Power Company, Inc. | +0.7% | +6936.26% | Add |
| 2 | SJR-BEUR | Shaw Communications Inc-b | +0.5% | +6.99% | Add |
| 3 | PFE | Pfizer INC | +0.5% | +20.61% | Add |
| 4 | MO | Altria Group INC | +0.3% | +115.31% | Add |
| 5 | CP | Canadian Pacific Kansa F | +0.3% | +30.60% | Add |
| 6 | TRI | Thomson Reuters Corporation | +0.3% | +75.33% | Add |
| 7 | MFC | Manulife Financial CORP | +0.3% | +0.20% | Add |
| 8 | VZ | Verizon Communications INC | +0.3% | -1.63% | Trim |
| 9 | HAL | Halliburton Co | +0.3% | +3787.73% | Add |
| 10 | ENB | Enbridge INC | +0.3% | -0.20% | Trim |
| 11 | CMCSA | Comcast Corp-class A | +0.2% | +43.57% | Add |
| 12 | OTEX | Open Text CORP | +0.2% | +27.33% | Add |
| 13 | ORCL | Oracle CORP | +0.2% | +35.22% | Add |
| 14 | CVE | Cenovus Energy INC | +0.2% | +0.44% | Add |
| 15 | JNJ | Johnson & Johnson | +0.2% | +22.45% | Add |
| 16 | TU | Telus CORP | +0.2% | +1.52% | Add |
| 17 | DFSEUR | Discover Financial Services | +0.2% | +35.06% | Add |
| 18 | CSX | Csx CORP | +0.2% | +6548.35% | Add |
| 19 | CNI | Canadian Natl Railway Co | +0.1% | +29.38% | Add |
| 20 | HST | Host Hotels & Resorts INC | +0.1% | +236.64% | Add |
| 21 | PBA | Pembina Pipeline CORP | +0.1% | +63.73% | Add |
| 22 | KDP | Keurig Dr Pepper Inc. | +0.1% | +2722.22% | Add |
| 23 | TD | Toronto-dominion Bank | +0.1% | -7.49% | Trim |
| 24 | AAPL | Apple INC | +0.1% | +11.18% | Add |
| 25 | T | At&t INC | +0.1% | +45.37% | Add |
| 26 | BAM | Brookfield Asset Management Ltd. | +0.1% | +11.33% | Add |
| 27 | SLF | Sun Life Financial INC | +0.1% | -0.27% | Trim |
| 28 | AQN | Algonquin Power & Utilities | -0.1% | -39.46% | Trim |
| 29 | ✓ | -0.1% | -43.98% | Trim | |
| 30 | BCE | Bce INC | -0.1% | -15.24% | Trim |
| 31 | LOW | Lowe's Cos INC | -0.1% | -17.07% | Trim |
| 32 | MDT | Medtronic plc | -0.1% | -13.76% | Trim |
| 33 | CVS | Cvs Health CORP | -0.2% | -26.73% | Trim |
| 34 | MGA | Magna International INC | -0.2% | -56.68% | Trim |
| 35 | WFC | Wells Fargo & Co | -0.2% | -28.49% | Trim |
| 36 | GIS | General Mills INC | -0.3% | -75.91% | Trim |
| 37 | BNS | Bank Of Nova Scotia | -0.3% | -10.04% | Trim |
| 38 | XOM | Exxon Mobil CORP | -0.4% | -63.06% | Trim |
| 39 | TCPA | TransCanada PipeLines Limited 6 | -1.2% | -28.00% | Trim |
| 40 | DD | DuPont de Nemours, Inc. | — | NEW | New buy |
| 41 | DOW | Dow Chem Co | — | EXIT | Sold out |
| 42 | ROK | Rockwell Automation, Inc. | — | EXIT | Sold out |
| 43 | ✓ | — | EXIT | Sold out | |
| 44 | ETN | Eaton Corporation plc | — | EXIT | Sold out |
| 45 | CAT | Caterpillar INC | — | EXIT | Sold out |
| 46 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | EXIT | Sold out |
| 47 | JNJ | Johnson & Johnson | — | EXIT | Sold out |
| 48 | APC3EUR | Anadarko Petroleum CORP | — | NEW | New buy |
| 49 | EFA | Ishares Msci Eafe ETF | — | EXIT | Sold out |
| 50 | JBHT | Hunt (jb) Transprt Svcs INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-10 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-11 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-06-09 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-15 | 13F-HR | View on EDGAR |
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