PCJ Investment Counsel Ltd. Q2 2025 Filing
Filed August 7, 2025
Portfolio Value
$292.8B
Holdings
65
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (65 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BBUBROOKFIELD BUSINESS PARTNERS | 1,270,784 | $33.0B | 11.28% | |
| 2 | RHCRH PLC | 192,900 | $17.7B | 6.05% | |
| 3 | EFXENERFLEX LTD | 1,487,680 | $11.8B | 4.01% | |
| 4 | RBARB GLOBAL INC | 110,130 | $11.7B | 4.00% | |
| 5 | RYROYAL BK CDA | 77,970 | $10.3B | 3.51% | |
| 6 | BIPBROOKFIELD INFRAST PARTNERS | 262,210 | $8.8B | 3.00% | |
| 7 | COFCAPITAL ONE FINL CORP | 40,400 | $8.6B | 2.94% | |
| 8 | CRCCANADIAN NAT RES LTD | 267,620 | $8.4B | 2.87% | |
| 9 | TDTORONTO DOMINION BK ONT | 112,030 | $8.2B | 2.82% | |
| 10 | SHOPSHOPIFY INC | 70,140 | $8.1B | 2.76% | |
| 11 | PPLPEMBINA PIPELINE CORP | 192,120 | $7.2B | 2.46% | |
| 12 | BNBROOKFIELD CORP | 110,740 | $6.9B | 2.34% | |
| 13 | CPCANADIAN PACIFIC KANSAS CITY | 80,540 | $6.4B | 2.18% | |
| 14 | AMCRAMCOR PLC | 675,925 | $6.2B | 2.12% | |
| 15 | CVNACARVANA CO | 16,600 | $5.6B | 1.91% | |
| 16 | AERAERCAP HOLDINGS NV | 45,590 | $5.3B | 1.82% | |
| 17 | BMOBANK MONTREAL QUE | 47,360 | $5.3B | 1.79% | |
| 18 | NXENEXGEN ENERGY LTD | 746,400 | $5.2B | 1.77% | |
| 19 | ENBENBRIDGE INC | 107,830 | $4.9B | 1.67% | |
| 20 | DSGDESCARTES SYS GROUP INC | 47,930 | $4.9B | 1.66% | |
| 21 | MQ8MAG SILVER CORP | 218,680 | $4.6B | 1.59% | |
| 22 | AEMAGNICO EAGLE MINES LTD | 37,960 | $4.5B | 1.55% | |
| 23 | CNRCANADIAN NATL RY CO | 41,460 | $4.3B | 1.48% | |
| 24 | NGDNEW GOLD INC CDA | 833,660 | $4.1B | 1.42% | |
| 25 | AGFIRST MAJESTIC SILVER CORP | 499,280 | $4.1B | 1.41% | |
| 26 | MEOHMETHANEX CORP | 120,230 | $4.0B | 1.36% | |
| 27 | CMCANADIAN IMPERIAL BK COMM | 53,110 | $3.8B | 1.29% | |
| 28 | DMLDENISON MINES CORP | 2,049,490 | $3.7B | 1.28% | |
| 29 | OROR ROYALTIES INC. | 143,040 | $3.7B | 1.26% | |
| 30 | MFCMANULIFE FINL CORP | 114,421 | $3.7B | 1.25% | |
| 31 | EDRENDEAVOUR SILVER CORP | 679,030 | $3.3B | 1.14% | |
| 32 | IMGIAMGOLD CORP | 434,930 | $3.2B | 1.09% | |
| 33 | WFCWELLS FARGO CO NEW | 40,000 | $3.2B | 1.09% | |
| 34 | BNSBANK NOVA SCOTIA HALIFAX | 51,100 | $2.8B | 0.97% | |
| 35 | TSATTELESAT CORP | 113,850 | $2.8B | 0.95% | |
| 36 | OLAORLA MNG LTD NEW | 266,250 | $2.7B | 0.91% | |
| 37 | EQXEQUINOX GOLD CORP | 444,360 | $2.6B | 0.88% | |
| 38 | WPMWHEATON PRECIOUS METALS CORP | 28,430 | $2.6B | 0.87% | |
| 39 | WCNWASTE CONNECTIONS INC | 13,530 | $2.5B | 0.86% | |
| 40 | SUSUNCOR ENERGY INC NEW | 66,760 | $2.5B | 0.86% | |
| 41 | FVIFORTUNA MNG CORP | 368,110 | $2.4B | 0.83% | |
| 42 | TRPTC ENERGY CORP | 49,040 | $2.4B | 0.82% | |
| 43 | SKE.TOSKEENA RES LTD NEW | 146,060 | $2.3B | 0.79% | |
| 44 | LIESUN LIFE FINANCIAL INC. | 34,290 | $2.3B | 0.78% | |
| 45 | AGIALAMOS GOLD INC NEW | 85,740 | $2.3B | 0.78% | |
| 46 | TECK/BTECK RESOURCES LTD | 53,260 | $2.2B | 0.74% | |
| 47 | TFIITFI INTL INC | 22,320 | $2.0B | 0.68% | |
| 48 | KGCKINROSS GOLD CORP | 125,200 | $2.0B | 0.67% | |
| 49 | CCOCAMECO CORP | 22,950 | $1.7B | 0.58% | |
| 50 | AYS1SANDSTORM GOLD LTD | 174,750 | $1.6B | 0.56% | |
| 51 | BURLBURLINGTON STORES INC | 7,000 | $1.6B | 0.56% | |
| 52 | TRITHOMSON REUTERS CORP | 7,560 | $1.5B | 0.52% | |
| 53 | FCXFREEPORT-MCMORAN INC | 35,000 | $1.5B | 0.52% | |
| 54 | LSPDLIGHTSPEED COMMERCE INC | 126,240 | $1.5B | 0.51% | |
| 55 | NTRNUTRIEN LTD | 24,730 | $1.4B | 0.49% | |
| 56 | DCBODOCEBO INC | 43,340 | $1.3B | 0.43% | |
| 57 | GIB/ACGI INC | 11,870 | $1.2B | 0.43% | |
| 58 | TTELUS CORPORATION | 76,727 | $1.2B | 0.42% | |
| 59 | CGCENTERRA GOLD INC | 165,480 | $1.2B | 0.41% | |
| 60 | RCI/BROGERS COMMUNICATIONS INC | 38,270 | $1.1B | 0.39% | |
| 61 | CVECENOVUS ENERGY INC | 80,630 | $1.1B | 0.37% | |
| 62 | PAASPAN AMERN SILVER CORP | 38,470 | $1.1B | 0.37% | |
| 63 | CAECAE INC | 34,950 | $1.0B | 0.35% | |
| 64 | BBARRICK MNG CORP | 48,000 | $999.9M | 0.34% | |
| 65 | HBMHUDBAY MINERALS INC | 50,000 | $530.9M | 0.18% |