BEUTEL GOODMAN & CO LTD
Q2 2022 Form 13-F

TORONTO, ONTARIO, CANADA
CIK 0001361974 · CRD 135829 · SEC-registered investment adviser
$16.1B Reported Value Total

BEUTEL, GOODMAN & COMPANY LTD. reports 1,044 total accounts under management (AUM). There are 983 discretionary accounts valued at $30,078,000,000, and 61 non-discretionary accounts valued at $6,375,000,000.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Source: Form ADV filed 2026-03-30
Reported value
$16.1B
Quarter over quarter
-11.9%
Holdings
68
Top-10 concentration
38.3%

Filing Structure

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Stephen John Arpin
DIRECTOR, MANAGING DIRECTOR, HEAD OF CANADIAN EQUITIES
Rui Machado Cardoso
DIRECTOR, MANAGING DIRECTOR, HEAD OF GLOBAL EQUITIES
Jackie Corneil
DIRECTOR, MANAGING DIRECTOR, HEAD OF FINANCE & ADMINISTRATION
Q1 2022
Q3 2022
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2022 13F filing summary

Period of report June 30, 2022
Filed August 15, 2022
Form 13F-HR
Reported value $16.1B
Positions 68
Change in reported value -8.9%
New positions 2
Exited positions 2
Position turnover 5.7%
Top-10 concentration 38.3%

13F filings by quarter

Quarter Positions Value
Q3 2026 13F
Filed Nov 4, 2026
 162 $12.7B
Q2 2026 13F
Filed Aug 12, 2026
 160 $13.6B
Q1 2026 13F
Filed May 15, 2026
 164 $14.8B
Q4 2025 13F
Filed Feb 13, 2026
 170 $16.3B
Q3 2025 13F
Filed Nov 14, 2025
 171 $16.6B
Q2 2025 13F
Filed Aug 13, 2025
 171 $17.6B
Q1 2025 13F
Filed May 12, 2025
 200 $17.4B
Q4 2024 13F
Filed Feb 12, 2025
 86 $18.4B
Q3 2024 13F
Filed Nov 13, 2024
 89 $20.3B
Q2 2024 13F
Filed Aug 13, 2024
 77 $18.8B
Q1 2024 13F
Filed May 13, 2024
 75 $19.4B
Q4 2023 13F
Filed Feb 9, 2024
 75 $18.9B
Q3 2023 13F
Filed Nov 13, 2023
 75 $16.9B
Q2 2023 13F
Filed Aug 14, 2023
 75 $17.8B
Q1 2023 13F
Filed May 12, 2023
 74 $17.0B
Q4 2022 13F
Filed Feb 14, 2023
 75 $16.5B
Q3 2022 13F
Filed Nov 14, 2022
 72 $14.8B
Q2 2022 13F
Filed Aug 15, 2022
 68 $16.1B
Q1 2022 13F
Filed May 12, 2022
 68 $17.7B
Q4 2021 13F
Filed Feb 14, 2022
 66 $17.5B

34 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2022

# Holding Reported value % of portfolio
1 RY Royal Bank Cda $1.1B 6.59%
2 TD Toronto Dominion Bk $837.5M 5.2%
3 RCI Rogers Communications $666.2M 4.14%
4 TRP TC Energy $649.1M 4.03%
5 BAMXXXX Brookfield Asset Mgt $588.1M 3.65%
6 CNI Cdn Natl Railway $544.7M 3.38%
7 SLF Sun Life Fncl Inc $492.4M 3.06%
8 QSR Restaurant Brands International $444.2M 2.76%
9 MFC Manulife Fincl Corp $439.4M 2.73%
10 MGA Magna Intl Inc $434.8M 2.7%
11 AMGN Amgen Inc $406.3M 2.52%
12 RBA Ritchie Bros. Auctioneers $388.0M 2.41%
13 FTS Fortis Inc $383.1M 2.38%
14 SU Suncor Energy Inc $380.6M 2.36%
15 DOX Amdocs Ltd $371.5M 2.31%
16 MRK Merck& Co Inc $355.8M 2.21%
17 OTEX Open Text Corp $353.6M 2.2%
18 K Kellogg Co $328.8M 2.04%
19 CP Cdn Pacific Railway $324.7M 2.02%
20 KMB Kimberly Clark Corp $315.2M 1.96%

Values as reported on the Q2 2022 Form 13F. Every position is in the holdings table below.

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