Alberta Investment Management Corp's Q3 2025 13F: 104 new positions, 171 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Nov 7, 2025 · 472 reported positions · accession 0001463559-25-000005 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | ISHARES TR (IVV) | 24.3% | 28.2% | +3.8 pts | +594K sh | +13% |
| Increased | VANGUARD INDEX FDS (VOO) | 5.5% | 7.8% | +2.4 pts | +449K sh | +39% |
| Reduced | ROYAL BK CDA (RY) | 2.7% | 2.1% | −0.5 pts | −587K sh | −25% |
| Reduced | SHOPIFY INC (SHOP) | 0.8% | 0.4% | −0.4 pts | −490K sh | −61% |
| Reduced | TORONTO DOMINION BK ONT (TD) | 1.9% | 1.6% | −0.4 pts | −704K sh | −22% |
| Reduced | BANK MONTREAL QUE (BMO) | 1.4% | 1.2% | −0.2 pts | −374K sh | −25% |
| Reduced | AGNICO EAGLE MINES LTD (AEM) | 1.5% | 1.6% | +0.1 pts | −282K sh | −19% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 12.9% | 12.9% | 0.0 pts | −70,916 sh | −3% |
| Reduced | CANADIAN NAT RES LTD (CNQ) | 1.1% | 0.7% | −0.4 pts | −1.41M sh | −35% |
| Exited | BAUSCH PLUS LOMB CORP (BLCO) | 0.4% | — | −0.4 pts | −3.27M sh | −100% |
| Increased | JBS N.V. (JBS) | 0.2% | 0.5% | +0.3 pts | +2.85M sh | +206% |
| New | FRESHPET INC (FRPT) | — | 0.3% | +0.3 pts | +760K sh | new |
| Reduced | BROOKFIELD CORP (BN) | 1.5% | 1.3% | −0.2 pts | −555K sh | −19% |
| Reduced | BANK NOVA SCOTIA HALIFAX (BNS) | 1.0% | 0.8% | −0.2 pts | −585K sh | −28% |
| Increased | MANPOWERGROUP INC WIS (MAN) | 0.0% | 0.3% | +0.3 pts | +938K sh | +773% |
| Reduced | CANADIAN PACIFIC KANSAS CITY (CP) | 1.1% | 0.7% | −0.4 pts | −474K sh | −30% |
| Reduced | TECK RESOURCES LTD (TECK) | 0.7% | 0.4% | −0.3 pts | −777K sh | −41% |
| Reduced | TC ENERGY CORP (TRP) | 0.7% | 0.4% | −0.2 pts | −618K sh | −38% |
| Reduced | WHEATON PRECIOUS METALS CORP (WPM) | 0.2% | 0.0% | −0.2 pts | −284K sh | −88% |
| Reduced | SUNCOR ENERGY INC NEW (SU) | 0.9% | 0.7% | −0.2 pts | −751K sh | −26% |
| Reduced | ENBRIDGE INC (ENB) | 1.3% | 1.1% | −0.2 pts | −605K sh | −18% |
| Reduced | FRANCO NEV CORP (FNV) | 0.2% | 0.0% | −0.2 pts | −130K sh | −93% |
| Reduced | CANADIAN NATL RY CO (CNI) | 0.9% | 0.5% | −0.4 pts | −302K sh | −29% |
| Reduced | CANADIAN IMPERIAL BANK OF CO (CM) | 0.4% | 0.2% | −0.2 pts | −355K sh | −58% |
| Reduced | LIBERTY MEDIA CORP DEL | 0.6% | 0.4% | −0.1 pts | −296K sh | −33% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 0.2% | 0.0% | −0.2 pts | −72,500 sh | −99% |
| Reduced | ISHARES TR (MCHI) | 0.8% | 0.7% | −0.1 pts | −379K sh | −23% |
| Reduced | WASTE CONNECTIONS INC (WCN) | 0.3% | 0.0% | −0.2 pts | −136K sh | −80% |
| New |
GCI LIBERTY INC (GLIBK)
new — newly listed security (e.g. spin-off)
|
— | 0.2% | +0.2 pts | +630K sh | new |
| Exited | AZEK CO INC (AZEK) | 0.2% | — | −0.2 pts | −374K sh | −100% |
| Exited | OVINTIV INC (OVV) | 0.2% | — | −0.2 pts | −722K sh | −100% |
| Exited | THOMSON REUTERS CORP (TRI) | 0.2% | — | −0.2 pts | −100K sh | −100% |
| New | CHURCHILL CAP CORP X (CCCX) | — | 0.2% | +0.2 pts | +1.5M sh | new |
| Reduced | CAMECO CORP (CCJ) | 0.2% | 0.1% | −0.1 pts | −222K sh | −70% |
| Reduced | NUTRIEN LTD (NTR) | 0.4% | 0.3% | −0.2 pts | −305K sh | −33% |
| Exited | HESS CORP (HES) | 0.1% | — | −0.1 pts | −119K sh | −100% |
| Exited | TELUS CORPORATION (TU) | 0.1% | — | −0.1 pts | −1.02M sh | −100% |
| Exited | NEWS CORP NEW (NWSA) | 0.1% | — | −0.1 pts | −550K sh | −100% |
| Exited | LIBERTY LATIN AMERICA LTD (LILAK) | 0.1% | — | −0.1 pts | −2.58M sh | −100% |
| Exited | CHURCHILL CAP CORP X (CCCXU) | 0.1% | — | −0.1 pts | −1.5M sh | −100% |
| Reduced | C H ROBINSON WORLDWIDE INC (CHRW) | 0.4% | 0.4% | 0.0 pts | −122K sh | −24% |
| Exited | SPHERE ENTERTAINMENT CO (SPHR) | 0.1% | — | −0.1 pts | −360K sh | −100% |
| Exited | FRONTIER COMMUNICATIONS PARE (FYBR) | 0.1% | — | −0.1 pts | −409K sh | −100% |
| Increased | ORLA MNG LTD NEW (ORLA) | 0.0% | 0.1% | +0.1 pts | +1.42M sh | +2022% |
| New | STUBHUB HLDGS INC (STUB) | — | 0.1% | +0.1 pts | +906K sh | new |
| Exited | WALGREENS BOOTS ALLIANCE INC (WBA) | 0.1% | — | −0.1 pts | −1.26M sh | −100% |
| Increased | ATS CORPORATION (ATS) | 0.2% | 0.3% | +0.1 pts | +573K sh | +75% |
| New | M3-BRIGADE ACQUISITION VI CO (MBVIU) | — | 0.1% | +0.1 pts | +1.45M sh | new |
| New | EQV VENTURES AC CORP. II (EVACU) | — | 0.1% | +0.1 pts | +1.4M sh | new |
| Exited | MAG SILVER CORP (MAG) | 0.1% | — | −0.1 pts | −605K sh | −100% |
The 50 largest of 460 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 58.6% of the equity book
Changes in the top 10 this quarter: GOOGL entered · CP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ISHARES TR (IVV) | 24.3% | 28.2% | |
| 2 | SPDR S&P 500 ETF TR (SPY) | 12.9% | 12.9% | |
| 3 | VANGUARD INDEX FDS (VOO) | 5.5% | 7.8% | |
| 4 | ROYAL BK CDA (RY) | 2.7% | 2.1% | |
| 5 | AGNICO EAGLE MINES LTD (AEM) | 1.5% | 1.6% | |
| 6 | TORONTO DOMINION BK ONT (TD) | 1.9% | 1.6% | |
| 7 | BROOKFIELD CORP (BN) | 1.5% | 1.3% | |
| 8 | BANK MONTREAL QUE (BMO) | 1.4% | 1.2% | |
| 9 | ENBRIDGE INC (ENB) | 1.3% | 1.1% | |
| 10 | ALPHABET INC (GOOGL) | 0.7% | 0.8% | Entered the top 10 |
| — | CANADIAN PACIFIC KANSAS CITY (CP) | 1.1% | 0.7% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | ROCKET COS INC (RKT) | Put | 0 | 110K | $2.13M |