Addenda Capital Inc.

hedge fundUpdated 58 days ago

Managed by Addenda Capital Inc. • Latest filing Q2 2026

Portfolio value

$3.7B

Q2 2026

Filings

13

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

15.6%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 13 quarters

Show data table

Period	Portfolio value
Q2 2023	$2.4B
Q3 2023	$2.3B
Q4 2023	$2.6B
Q1 2024	$2.6B
Q2 2024	$2.6B
Q3 2024	$2.8B
Q4 2024	$2.8B
Q1 2025	$2.7B
Q2 2025	$2.8B
Q3 2025	$3.4B
Q4 2025	$3.4B
Q1 2026	$3.6B
Q2 2026	$3.7B

Top holdings

128 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	T TDBCP TORONTO DOMINION BK ONT	$223.2M	1.29M	6.07%	Trimmed(-0.5%)
2	R RYLBF ROYAL BK CDA	$220.5M	750.8K	5.99%	Added(+0.7%)
3	O OILD BANK MONTREAL MEDIUM	$156.7M	625.1K	4.26%	Trimmed(-7.3%)
4	B BNS BANK NOVA SCOTIA B C	$133.3M	1.08M	3.62%	Added(+0.7%)
5	B BXDIF BROOKFIELD CORP	$131.9M	2.18M	3.59%	Added(+0.5%)
6	S SHOP SHOPIFY INC	$129.6M	798.7K	3.52%	Added(+11.4%)
7	E EBBGF ENBRIDGE INC	$119.9M	1.56M	3.26%	Added(+10.8%)
8	C CCJ CAMECO CORP	$104.3M	721.7K	2.84%	Added(+31.1%)
9	C CNQ CANADIAN NAT RES LTD MED TER	$103.5M	1.82M	2.81%	Added(+0.6%)
10	C CP CANADIAN PACIFIC KANSAS CITY	$102.6M	832.9K	2.79%	Added(+19.0%)
11	C CNI CANADIAN NATL RY CO	$92.9M	548.9K	2.53%	Added(+19.3%)
12	A AEM AGNICO EAGLE MINES LTD	$86.5M	392.3K	2.35%	Trimmed(-37.6%)
13	T TRPRF TC ENERGY CORP	$80.5M	848.8K	2.19%	Trimmed(-6.6%)
14	A AAPL APPLE INC	$63.7M	220.3K	1.73%	Trimmed(-3.2%)
15	A AVGO BROADCOM INC	$62.9M	166.4K	1.71%	Trimmed(-0.5%)
16	H HBM HUDBAY MINERALS INC	$62.7M	1.87M	1.70%	Added(+203.4%)
17	G GOOGN ALPHABET INC	$61.4M	173.8K	1.67%	Trimmed(-5.8%)
18	W WPM WHEATON PRECIOUS METALS CORP	$60.1M	377.0K	1.63%	Trimmed(-38.9%)
19	S SU SUNCOR ENERGY INC NEW	$59.9M	784.4K	1.63%	Added(+5.0%)
20	K KGCRF KINROSS GOLD CORP	$55.6M	1.65M	1.51%	Added(+21.0%)

T

TORONTO DOMINION BK ONT

-0.5%

Value

$223.2M

Shares

1.29M

% Port

6.07%

R

ROYAL BK CDA

+0.7%

Value

$220.5M

Shares

750.8K

% Port

5.99%

O

BANK MONTREAL MEDIUM

-7.3%

Value

$156.7M

Shares

625.1K

% Port

4.26%

B

BANK NOVA SCOTIA B C

+0.7%

Value

$133.3M

Shares

1.08M

% Port

3.62%

B

BROOKFIELD CORP

+0.5%

Value

$131.9M

Shares

2.18M

% Port

3.59%

S

SHOPIFY INC

+11.4%

Value

$129.6M

Shares

798.7K

% Port

3.52%

E

ENBRIDGE INC

+10.8%

Value

$119.9M

Shares

1.56M

% Port

3.26%

C

CAMECO CORP

+31.1%

Value

$104.3M

Shares

721.7K

% Port

2.84%

C

CANADIAN NAT RES LTD MED TER

+0.6%

Value

$103.5M

Shares

1.82M

% Port

2.81%

C

10.CP

CANADIAN PACIFIC KANSAS CITY

+19.0%

Value

$102.6M

Shares

832.9K

% Port

2.79%

C

11.CNI

CANADIAN NATL RY CO

+19.3%

Value

$92.9M

Shares

548.9K

% Port

2.53%

A

12.AEM

AGNICO EAGLE MINES LTD

-37.6%

Value

$86.5M

Shares

392.3K

% Port

2.35%

T

TC ENERGY CORP

-6.6%

Value

$80.5M

Shares

848.8K

% Port

2.19%

A

APPLE INC

-3.2%

Value

$63.7M

Shares

220.3K

% Port

1.73%

A

BROADCOM INC

-0.5%

Value

$62.9M

Shares

166.4K

% Port

1.71%

H

16.HBM

HUDBAY MINERALS INC

+203.4%

Value

$62.7M

Shares

1.87M

% Port

1.70%

G

ALPHABET INC

-5.8%

Value

$61.4M

Shares

173.8K

% Port

1.67%

W

18.WPM

WHEATON PRECIOUS METALS CORP

-38.9%

Value

$60.1M

Shares

377.0K

% Port

1.63%

S

19.SU

SUNCOR ENERGY INC NEW

+5.0%

Value

$59.9M

Shares

784.4K

% Port

1.63%

K

KINROSS GOLD CORP

+21.0%

Value

$55.6M

Shares

1.65M

% Port

1.51%

View full portfolio (128 holdings) →

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