Alberta Investment Management Corp's Q4 2025 13F: 312 new positions, 80 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 705 reported positions · accession 0001123292-26-000176 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | SPDR S&P 500 ETF TR (SPY) | 12.9% | 2.6% | −10.2 pts | −1.83M sh | −76% |
| Increased | ISHARES TR (IVV) | 28.2% | 31.8% | +3.6 pts | +1.76M sh | +33% |
| Increased | VANGUARD INDEX FDS (VOO) | 7.8% | 8.1% | +0.3 pts | +357K sh | +22% |
| Increased | JPMORGAN CHASE & CO. (JPM) | 0.1% | 0.6% | +0.5 pts | +255K sh | +903% |
| Increased | NVIDIA CORPORATION (NVDA) | 0.6% | 1.0% | +0.4 pts | +394K sh | +100% |
| Increased | TORONTO DOMINION BK ONT (TD) | 1.6% | 2.0% | +0.4 pts | +753K sh | +31% |
| New | EXACT SCIENCES CORP (EXAS) | — | 0.5% | +0.5 pts | +688K sh | new |
| Increased | TESLA INC (TSLA) | 0.1% | 0.6% | +0.4 pts | +154K sh | +449% |
| Exited | LIBERTY MEDIA CORP DEL | 0.4% | — | −0.4 pts | −594K sh | −100% |
| New | ATLASSIAN CORPORATION (TEAM) | — | 0.4% | +0.4 pts | +365K sh | new |
| New | INTUITIVE SURGICAL INC (ISRG) | — | 0.4% | +0.4 pts | +96,000 sh | new |
| New | SMURFIT WESTROCK PLC (SW) | — | 0.4% | +0.4 pts | +1.4M sh | new |
| Increased | ADOBE INC (ADBE) | 0.1% | 0.4% | +0.3 pts | +152K sh | +793% |
| Increased | KLA CORP (KLAC) | 0.0% | 0.4% | +0.3 pts | +43,500 sh | +1403% |
| New | HOLOGIC INC (HOLX) | — | 0.3% | +0.3 pts | +688K sh | new |
| Increased | APPLE INC (AAPL) | 0.4% | 0.7% | +0.3 pts | +179K sh | +84% |
| New |
LIBERTY LIVE HOLDINGS INC (LLYVB)
new — newly listed security (e.g. spin-off)
|
— | 0.3% | +0.3 pts | +594K sh | new |
| Increased | NETFLIX INC (NFLX) | 0.1% | 0.4% | +0.3 pts | +511K sh | +496% |
| Increased | SHOPIFY INC (SHOP) | 0.4% | 0.6% | +0.3 pts | +274K sh | +87% |
| New | INSMED INC (INSM) | — | 0.2% | +0.2 pts | +207K sh | new |
| Increased | MSC INDL DIRECT INC (MSM) | 0.1% | 0.3% | +0.2 pts | +422K sh | +214% |
| Increased | BROADCOM INC (AVGO) | 0.2% | 0.4% | +0.2 pts | +92,700 sh | +114% |
| Increased | SLB LIMITED (SLB) | 0.0% | 0.2% | +0.2 pts | +802K sh | +827% |
| New | KBR INC (KBR) | — | 0.2% | +0.2 pts | +756K sh | new |
| Exited | ALLETE INC (ALE) | 0.2% | — | −0.2 pts | −357K sh | −100% |
| New | CHART INDS INC (GTLS) | — | 0.2% | +0.2 pts | +134K sh | new |
| New | SERVICENOW INC (NOW) | — | 0.2% | +0.2 pts | +174K sh | new |
| New | JOHNSON CTLS INTL PLC (JCI) | — | 0.2% | +0.2 pts | +215K sh | new |
| Exited | SIX FLAGS ENTERTAINMENT CORP (SIX) | 0.2% | — | −0.2 pts | −913K sh | −100% |
| New | CIRCLE INTERNET GROUP INC (CRCL) | — | 0.2% | +0.2 pts | +316K sh | new |
| Exited | HOWARD HUGHES HOLDINGS INC (HHH) | 0.2% | — | −0.2 pts | −249K sh | −100% |
| Increased | DONNELLEY FINL SOLUTIONS INC (DFIN) | 0.1% | 0.3% | +0.1 pts | +530K sh | +151% |
| Increased | HOWMET AEROSPACE INC (HWM) | 0.0% | 0.2% | +0.2 pts | +116K sh | +391% |
| Increased | ROYAL CARIBBEAN GROUP (RCL) | 0.0% | 0.2% | +0.1 pts | +78,900 sh | +897% |
| Exited | INFORMATICA INC - CLASS A (INFA) | 0.1% | — | −0.1 pts | −700K sh | −100% |
| Reduced | SALESFORCE INC (CRM) | 0.2% | 0.0% | −0.2 pts | −79,200 sh | −94% |
| New | FRONTIER COMMUNICATIONS PARE (FYBR) | — | 0.1% | +0.1 pts | +550K sh | new |
| New | KARBON CAP PARTNERS CORP (KBONU) | — | 0.1% | +0.1 pts | +2M sh | new |
| New |
MEDLINE INC (MDLN)
new — newly listed security (e.g. spin-off)
|
— | 0.1% | +0.1 pts | +475K sh | new |
| Exited | ORLA MNG LTD NEW (ORLA) | 0.1% | — | −0.1 pts | −1.49M sh | −100% |
| Increased | AIR LEASE CORP (AL) | 0.1% | 0.2% | +0.1 pts | +300K sh | +200% |
| Exited | SONY GROUP CORP (SONY) | 0.1% | — | −0.1 pts | −550K sh | −100% |
| New | AMEREN CORP (AEE) | — | 0.1% | +0.1 pts | +190K sh | new |
| Reduced | CANADIAN NAT RES LTD (CNQ) | 0.7% | 0.5% | −0.2 pts | −547K sh | −21% |
| New | STIFEL FINL CORP (SF) | — | 0.1% | +0.1 pts | +146K sh | new |
| Exited | M3-BRIGADE ACQUISITION VI CO (MBVIU) | 0.1% | — | −0.1 pts | −1.45M sh | −100% |
| Reduced | SIRIUSXM HOLDINGS INC (SIRI) | 0.3% | 0.1% | −0.2 pts | −866K sh | −58% |
| Exited | EQV VENTURES AC CORP. II (EVACU) | 0.1% | — | −0.1 pts | −1.4M sh | −100% |
| Increased | ROYAL BK CDA (RY) | 2.1% | 2.1% | 0.0 pts | +99,000 sh | +5% |
| New |
LXP INDUSTRIAL TRUST (LXP)
new — newly listed security (e.g. spin-off)
|
— | 0.1% | +0.1 pts | +339K sh | new |
The 50 largest of 599 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- LIBERTY LIVE HOLDINGS INC (LLYVK): 531229722 → 530909308, 100K → 100K shares
Top 10 positions — 51.7% of the equity book
Changes in the top 10 this quarter: NVDA entered · BMO left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ISHARES TR (IVV) | 28.2% | 31.8% | |
| 2 | VANGUARD INDEX FDS (VOO) | 7.8% | 8.1% | |
| 3 | SPDR S&P 500 ETF TR (SPY) | 12.9% | 2.6% | |
| 4 | ROYAL BK CDA (RY) | 2.1% | 2.1% | |
| 5 | TORONTO DOMINION BK ONT (TD) | 1.6% | 2.0% | |
| 6 | AGNICO EAGLE MINES LTD (AEM) | 1.6% | 1.3% | |
| 7 | BROOKFIELD CORP (BN) | 1.3% | 1.1% | |
| 8 | NVIDIA CORPORATION (NVDA) | 0.6% | 1.0% | Entered the top 10 |
| 9 | ALPHABET INC (GOOGL) | 0.8% | 0.9% | |
| 10 | ENBRIDGE INC (ENB) | 1.1% | 0.9% | |
| — | BANK MONTREAL QUE (BMO) | 1.2% | 0.9% | 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).