PCJ Investment Counsel Ltd. Q3 2025 Filing
Filed November 13, 2025
Portfolio Value
$359.5B
Holdings
64
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (64 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BBUBROOKFIELD BUSINESS PARTNERS | 1,338,079 | $43.8B | 12.18% | |
| 2 | RHCRH PLC | 182,900 | $21.9B | 6.10% | |
| 3 | BNBROOKFIELD CORP | 232,780 | $16.0B | 4.44% | |
| 4 | CAECAE INC | 533,740 | $15.8B | 4.40% | |
| 5 | EFXENERFLEX LTD | 1,167,110 | $12.6B | 3.50% | |
| 6 | RYROYAL BK CDA | 79,960 | $11.8B | 3.28% | |
| 7 | SHOPSHOPIFY INC | 68,190 | $10.1B | 2.82% | |
| 8 | COFCAPITAL ONE FINL CORP | 45,550 | $9.7B | 2.69% | |
| 9 | IMGIAMGOLD CORP | 747,070 | $9.6B | 2.68% | |
| 10 | CVNACARVANA CO | 24,300 | $9.2B | 2.55% | |
| 11 | RBARB GLOBAL INC | 80,160 | $8.7B | 2.42% | |
| 12 | TDTORONTO DOMINION BK ONT | 100,760 | $8.1B | 2.24% | |
| 13 | EQXEQUINOX GOLD CORP | 668,230 | $7.5B | 2.08% | |
| 14 | PAASPAN AMERN SILVER CORP | 186,568 | $7.2B | 2.01% | |
| 15 | CVECENOVUS ENERGY INC | 413,600 | $7.0B | 1.95% | |
| 16 | AMCRAMCOR PLC | 788,145 | $6.4B | 1.79% | |
| 17 | BMOBANK MONTREAL QUE | 47,570 | $6.2B | 1.72% | |
| 18 | AEMAGNICO EAGLE MINES LTD | 34,360 | $5.8B | 1.61% | |
| 19 | DMLDENISON MINES CORP | 2,045,310 | $5.6B | 1.57% | |
| 20 | BIPBROOKFIELD INFRAST PARTNERS | 169,100 | $5.6B | 1.55% | |
| 21 | AYS1SANDSTORM GOLD LTD | 427,350 | $5.3B | 1.49% | |
| 22 | ENBENBRIDGE INC | 105,550 | $5.3B | 1.48% | |
| 23 | EDRENDEAVOUR SILVER CORP | 677,220 | $5.3B | 1.48% | |
| 24 | PPLPEMBINA PIPELINE CORP | 127,780 | $5.2B | 1.44% | |
| 25 | MEOHMETHANEX CORP | 117,730 | $4.7B | 1.30% | |
| 26 | NXENEXGEN ENERGY LTD | 520,200 | $4.7B | 1.30% | |
| 27 | CMCANADIAN IMPERIAL BANK OF CO | 57,120 | $4.6B | 1.27% | |
| 28 | DSGDESCARTES SYS GROUP INC | 48,080 | $4.5B | 1.26% | |
| 29 | AGFIRST MAJESTIC SILVER CORP | 363,780 | $4.5B | 1.24% | |
| 30 | BNSBANK NOVA SCOTIA HALIFAX | 68,630 | $4.4B | 1.23% | |
| 31 | NGDNEW GOLD INC CDA | 585,660 | $4.2B | 1.17% | |
| 32 | CRCCANADIAN NAT RES LTD | 115,810 | $3.7B | 1.03% | |
| 33 | CPCANADIAN PACIFIC KANSAS CITY | 49,580 | $3.7B | 1.03% | |
| 34 | FVIFORTUNA MNG CORP | 391,730 | $3.5B | 0.98% | |
| 35 | KGCKINROSS GOLD CORP | 138,270 | $3.4B | 0.95% | |
| 36 | OROR ROYALTIES INC. | 84,900 | $3.4B | 0.95% | |
| 37 | GILGILDAN ACTIVEWEAR INC | 56,970 | $3.3B | 0.92% | |
| 38 | MFCMANULIFE FINL CORP | 103,341 | $3.2B | 0.90% | |
| 39 | WPMWHEATON PRECIOUS METALS CORP | 28,400 | $3.2B | 0.88% | |
| 40 | TGBTASEKO MINES LTD | 726,660 | $3.1B | 0.86% | |
| 41 | SUSUNCOR ENERGY INC NEW | 72,870 | $3.0B | 0.85% | |
| 42 | TRVCCITIGROUP INC | 29,870 | $3.0B | 0.84% | |
| 43 | TSATTELESAT CORP | 112,180 | $2.9B | 0.81% | |
| 44 | BBARRICK MNG CORP | 87,170 | $2.9B | 0.80% | |
| 45 | STNSTANTEC INC | 25,000 | $2.7B | 0.75% | |
| 46 | SKE.TOSKEENA RES LTD NEW | 145,880 | $2.7B | 0.75% | |
| 47 | BLDRBUILDERS FIRSTSOURCE INC | 22,130 | $2.7B | 0.75% | |
| 48 | OLAORLA MNG LTD NEW | 248,560 | $2.7B | 0.75% | |
| 49 | VZLAVIZSLA SILVER CORP | 566,740 | $2.4B | 0.68% | |
| 50 | CNRCANADIAN NATL RY CO | 24,990 | $2.4B | 0.66% | |
| 51 | WCNWASTE CONNECTIONS INC | 12,670 | $2.2B | 0.62% | |
| 52 | CCOCAMECO CORP | 20,890 | $1.8B | 0.49% | |
| 53 | NTRNUTRIEN LTD | 28,100 | $1.6B | 0.46% | |
| 54 | TECK/BTECK RESOURCES LTD | 36,630 | $1.6B | 0.45% | |
| 55 | CGCENTERRA GOLD INC | 149,520 | $1.6B | 0.45% | |
| 56 | SZ7AMERICAS GOLD AND SILVER COR | 425,000 | $1.6B | 0.44% | |
| 57 | CLSCELESTICA INC | 6,280 | $1.5B | 0.43% | |
| 58 | LIESUN LIFE FINANCIAL INC. | 25,730 | $1.5B | 0.43% | |
| 59 | LSPDLIGHTSPEED COMMERCE INC | 126,020 | $1.5B | 0.40% | |
| 60 | RCI/BROGERS COMMUNICATIONS INC | 38,030 | $1.3B | 0.36% | |
| 61 | TRITHOMSON REUTERS CORP | 8,016 | $1.2B | 0.35% | |
| 62 | DCBODOCEBO INC | 43,280 | $1.2B | 0.33% | |
| 63 | AERAERCAP HOLDINGS NV | 7,590 | $918.4M | 0.26% | |
| 64 | EROERO COPPER CORP | 34,340 | $695.4M | 0.19% |