CANADA PENSION PLAN INVESTMENT BOARD
Q1 2025 Form 13-F
TORONTO ONTARIO, ONTARIO, CANADA
CIK 0001283718
· Institutional investment manager
$103.0B Reported Value Total
Reported value
$103.0B
Quarter over quarter
-2.8%
Holdings
1,296
Top-10 concentration
25.1%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Howard Rusak
Managing Director, Legal
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | May 15, 2025 |
| Form | 13F-HR |
| Reported value | $103.0B |
| Positions | 1,296 |
| Change in reported value | -1.9% |
| New positions | 127 |
| Exited positions | 228 |
| Position turnover | 23.3% |
| Top-10 concentration | 25.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
1,694 | $180.8B |
|
Q1 2026 13F
Filed May 15, 2026
|
1,680 | $155.0B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
1,970 | $149.5B |
|
Q3 2025 13F
Filed Nov 13, 2025
|
1,345 | $142.4B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
1,344 | $116.9B |
|
Q1 2025 13F
Filed May 15, 2025
|
1,296 | $103.0B |
|
Q4 2024 13F
Filed Feb 13, 2025
|
1,396 | $105.0B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
1,317 | $105.6B |
|
Q2 2024 13F
Filed Aug 12, 2024
|
1,358 | $101.8B |
|
Q1 2024 13F
Filed May 14, 2024
|
1,164 | $95.2B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
1,080 | $79.2B |
|
Q3 2023 13F
Filed Nov 9, 2023
|
988 | $68.4B |
|
Q2 2023 13F
Filed Aug 9, 2023
|
989 | $65.9B |
|
Q1 2023 13F
Filed May 15, 2023
|
1,047 | $63.2B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
1,156 | $56.4B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
1,176 | $58.9B |
|
Q2 2022 13F
Filed Aug 12, 2022
|
1,230 | $60.2B |
|
Q1 2022 13F
Filed May 13, 2022
|
1,288 | $74.5B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
1,416 | $94.1B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
1,350 | $88.3B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC | $4.4B | 4.25% |
| 2 | MSFT MICROSOFT CORP | $3.8B | 3.71% |
| 3 | NVDA NVIDIA CORPORATION | $3.7B | 3.6% |
| 4 | MA MASTERCARD INCORPORATED | $2.6B | 2.56% |
| 5 | AMZN AMAZON COM INC | $2.2B | 2.1% |
| 6 | UNH UNITEDHEALTH GROUP INC | $2.1B | 2.04% |
| 7 | TMUS T-MOBILE US INC | $1.8B | 1.78% |
| 8 | GOOGL ALPHABET INC | $1.8B | 1.76% |
| 9 | SRAD SPORTRADAR GROUP AG | $1.7B | 1.67% |
| 10 | META META PLATFORMS INC | $1.7B | 1.63% |
| 11 | LIN LINDE PLC | $1.6B | 1.59% |
| 12 | VIK VIKING HOLDINGS LTD | $1.6B | 1.56% |
| 13 | GE GE AEROSPACE | $1.5B | 1.47% |
| 14 | CNQ CANADIAN NAT RES LTD | $1.3B | 1.25% |
| 15 | SPY SPDR S&P 500 ETF TR | $1.3B | 1.21% |
| 16 | AVGO BROADCOM INC | $1.2B | 1.15% |
| 17 | LYV LIVE NATION ENTERTAINMENT IN | $1.2B | 1.14% |
| 18 | INFA INFORMATICA INC | $1.1B | 1.09% |
| 19 | WAY WAYSTAR HLDG CORP | $1.1B | 1.08% |
| 20 | UNP UNION PAC CORP | $1.1B | 1.06% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.