ONTARIO TEACHERS PENSION PLAN BOARD
Q1 2022 Form 13-F

TORONTO, ONTARIO, CANADA
CIK 0000937567 · Institutional investment manager
Consolidated report · includes 2 managers since Q4 2024
$8.3B Reported Value Total
Reported value
$8.3B
Quarter over quarter
-13.5%
Holdings
444
Top-10 concentration
75.1%

Filing Structure

Reports holdings for

  • 2774719 Ontario Ltd (not a 13F filer in our records) · File #028-25088 · since Q4 2024
  • 2698945 Ontario Ltd (not a 13F filer in our records) · since Q2 2026 · declared by one filing
  • 2594868 Ontario Ltd · File #028-21405 · Q3 2021 – Q3 2024
  • OTPP Environmental Services Trust · File #028-20316 · Q2 2020 – Q4 2023 · declared by one filing
  • 1700480 ONTARIO INC (not a 13F filer in our records) · File #028-16546 · Q4 2014 – Q3 2021
  • 2605267 Ontario Ltd (not a 13F filer in our records) · File #028-19568 · Q2 2019 – Q3 2020
  • Classroom Investments Inc. (not a 13F filer in our records) · File #028-16238 · Q2 2014 – Q3 2019
  • 2403304 Ontario Ltd (not a 13F filer in our records) · File #028-17770 · Q4 2016 – Q4 2018
  • 1829356 Ontario Ltd (not a 13F filer in our records) · File #028-16547 · Q4 2014 – Q2 2017

Key People

Named on the latest Form 13-F filing — not necessarily an owner
Jonathan Law
Managing Director, Corporate & Investments Compliance

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13F Metrics

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Q1 2022 13F record

Q1 2022 13F filing summary

Q1 2022 Form 13F portfolio summary
Period of report March 31, 2022
Filed May 13, 2022
Form 13F-HR
Reported value $8.3B
Positions 444
Change in reported value -1.0%
New positions 114
Exited positions 114
Position turnover 40.9%
Top-10 concentration 75.1%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q2 2026 13F
Filed Aug 7, 2026
44 $15.8B
Q1 2026 13F
Filed May 11, 2026
145 $3.5B
Q4 2025 13F
Filed Feb 13, 2026
142 $4.5B
Q3 2025 13F
Filed Nov 7, 2025
151 $4.3B
Q2 2025 13F
Filed Aug 8, 2025
287 $4.8B
Q1 2025 13F
Filed May 9, 2025
394 $6.5B
Q4 2024 13F
Filed Feb 13, 2025
401 $8.0B
Q3 2024 13F
Filed Nov 8, 2024
396 $11.8B
Q2 2024 13F
Filed Aug 12, 2024
423 $10.9B
Q1 2024 13F
Filed May 10, 2024
449 $11.5B
Q4 2023 13F
Filed Feb 9, 2024
459 $10.1B
Q3 2023 13F
Filed Nov 13, 2023
462 $9.2B
Q2 2023 13F
Filed Aug 11, 2023
472 $9.6B
Q1 2023 13F
Filed May 12, 2023
464 $9.7B
Q4 2022 13F
Filed Feb 10, 2023
465 $9.4B
Q3 2022 13F
Filed Nov 10, 2022
458 $7.1B
Q2 2022 13F
Filed Aug 12, 2022
443 $7.1B
Q1 2022 13F
Filed May 13, 2022
444 $8.3B
Q4 2021 13F
Filed Feb 11, 2022
449 $8.3B
Q3 2021 13F
Filed Nov 12, 2021
450 $26.0B

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

Top 20 holdings · Q1 2022

Largest Q1 2022 13F positions by reported value
# Holding Reported value % of portfolio
1 GFL GFL ENVIRONMENTAL INC $1.4B 17.19%
2 MSFT MICROSOFT CORP $987.1M 11.95%
3 AMZN AMAZON COM INC $709.2M 8.59%
4 SYK STRYKER CORPORATION $555.5M 6.72%
5 AZEK AZEK CO INC $474.3M 5.74%
6 MS MORGAN STANLEY $451.7M 5.47%
7 CAT CATERPILLAR INC $433.1M 5.24%
8 TJX TJX COS INC NEW $408.3M 4.94%
9 META META PLATFORMS INC $402.3M 4.87%
10 NOW SERVICENOW INC $359.6M 4.35%
11 WFC WELLS FARGO CO NEW $345.9M 4.19%
12 BERY BERRY GLOBAL GROUP INC $302.2M 3.66%
13 CWK CUSHMAN WAKEFIELD PLC $214.6M 2.6%
14 COOK TRAEGER INC $183.7M 2.22%
15 PANW 0.75 07/01/23 PALO ALTO NETWORKS INC $120.2M 1.45%
16 ELAN ELANCO ANIMAL HEALTH INC $83.3M 1.01%
17 LUV SOUTHWEST AIRLS CO $69.8M 0.85%
18 ESTE EARTHSTONE ENERGY INC $43.6M 0.53%
19 PDD 0 12/01/25 PINDUODUO INC $32.7M 0.4%
20 HTHT 0.375 11/01/22 HUAZHU GROUP LTD $31.4M 0.38%

Values as reported on the Q1 2022 Form 13F. Every position is in the holdings table below.

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