PCJ Investment Counsel Ltd. Q4 2025 Filing
Filed February 10, 2026
Portfolio Value
$404.2B
Holdings
61
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (61 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BBUBROOKFIELD BUSINESS PARTNERS | 1,163,486 | $41.2B | 10.18% | |
| 2 | RHCRH PLC | 187,230 | $23.4B | 5.78% | |
| 3 | CAECAE INC | 760,585 | $23.1B | 5.72% | |
| 4 | BYDBOYD GROUP SERVICES INC | 115,230 | $18.4B | 4.54% | |
| 5 | BNBROOKFIELD CORP | 334,090 | $15.3B | 3.79% | |
| 6 | EFXENERFLEX LTD | 894,086 | $13.8B | 3.41% | |
| 7 | RYROYAL BK CDA | 80,850 | $13.8B | 3.41% | |
| 8 | EQXEQUINOX GOLD CORP | 881,940 | $12.4B | 3.07% | |
| 9 | SHOPSHOPIFY INC | 70,710 | $11.4B | 2.82% | |
| 10 | TDTORONTO DOMINION BK ONT | 115,540 | $10.9B | 2.69% | |
| 11 | IMGIAMGOLD CORP | 642,050 | $10.6B | 2.62% | |
| 12 | CVNACARVANA CO | 21,900 | $9.2B | 2.29% | |
| 13 | RBARB GLOBAL INC | 82,690 | $8.5B | 2.10% | |
| 14 | MEOHMETHANEX CORP | 208,630 | $8.3B | 2.05% | |
| 15 | BTEBAYTEX ENERGY CORP | 2,483,638 | $8.0B | 1.99% | |
| 16 | DMLDENISON MINES CORP | 2,918,810 | $7.7B | 1.91% | |
| 17 | GIB/ACGI INC | 75,930 | $7.0B | 1.73% | |
| 18 | OLAORLA MNG LTD NEW | 517,480 | $7.0B | 1.72% | |
| 19 | CVECENOVUS ENERGY INC | 406,470 | $6.9B | 1.70% | |
| 20 | BIPBROOKFIELD INFRAST PARTNERS | 183,780 | $6.4B | 1.58% | |
| 21 | PAASPAN AMERN SILVER CORP | 118,918 | $6.2B | 1.53% | |
| 22 | GILGILDAN ACTIVEWEAR INC | 91,000 | $5.7B | 1.41% | |
| 23 | BNSBANK NOVA SCOTIA HALIFAX | 74,230 | $5.5B | 1.35% | |
| 24 | AEMAGNICO EAGLE MINES LTD | 32,170 | $5.5B | 1.35% | |
| 25 | BMOBANK MONTREAL QUE | 41,850 | $5.4B | 1.34% | |
| 26 | TGBTASEKO MINES LTD | 950,290 | $5.4B | 1.33% | |
| 27 | PPLPEMBINA PIPELINE CORP | 140,320 | $5.3B | 1.32% | |
| 28 | ENBENBRIDGE INC | 111,310 | $5.3B | 1.32% | |
| 29 | EDRENDEAVOUR SILVER CORP | 561,640 | $5.3B | 1.31% | |
| 30 | COFCAPITAL ONE FINL CORP | 20,400 | $4.9B | 1.22% | |
| 31 | RGLDROYAL GOLD INC | 21,468 | $4.8B | 1.18% | |
| 32 | FVIFORTUNA MNG CORP | 486,520 | $4.8B | 1.18% | |
| 33 | NXENEXGEN ENERGY LTD | 506,190 | $4.7B | 1.15% | |
| 34 | BBARRICK MNG CORP | 105,880 | $4.6B | 1.14% | |
| 35 | SZ7AMERICAS GOLD AND SILVER COR | 861,090 | $4.4B | 1.09% | |
| 36 | AGFIRST MAJESTIC SILVER CORP | 256,360 | $4.3B | 1.06% | |
| 37 | CRCCANADIAN NAT RES LTD | 119,800 | $4.1B | 1.00% | |
| 38 | MFCMANULIFE FINL CORP | 106,961 | $3.9B | 0.96% | |
| 39 | CPCANADIAN PACIFIC KANSAS CITY | 51,710 | $3.8B | 0.94% | |
| 40 | AXPAMERICAN EXPRESS CO | 9,940 | $3.7B | 0.91% | |
| 41 | TSATTELESAT CORP | 117,498 | $3.4B | 0.84% | |
| 42 | SKE.TOSKEENA RES LTD NEW | 142,470 | $3.4B | 0.84% | |
| 43 | WPMWHEATON PRECIOUS METALS CORP | 28,390 | $3.3B | 0.83% | |
| 44 | SUSUNCOR ENERGY INC NEW | 75,180 | $3.3B | 0.83% | |
| 45 | CNRCANADIAN NATL RY CO | 32,150 | $3.2B | 0.79% | |
| 46 | VZLAVIZSLA SILVER CORP | 551,440 | $3.0B | 0.75% | |
| 47 | AMCRAMCOR PLC | 360,395 | $3.0B | 0.74% | |
| 48 | EROERO COPPER CORP | 93,219 | $2.6B | 0.65% | |
| 49 | KGCKINROSS GOLD CORP | 91,180 | $2.6B | 0.64% | |
| 50 | CGCENTERRA GOLD INC | 145,980 | $2.1B | 0.52% | |
| 51 | CCOCAMECO CORP | 22,490 | $2.1B | 0.51% | |
| 52 | KNXKNIGHT-SWIFT TRANSN HLDGS IN | 29,660 | $1.6B | 0.38% | |
| 53 | LSPDLIGHTSPEED COMMERCE INC | 122,630 | $1.5B | 0.37% | |
| 54 | NTRNUTRIEN LTD | 23,930 | $1.5B | 0.37% | |
| 55 | TECK/BTECK RESOURCES LTD | 29,700 | $1.4B | 0.35% | |
| 56 | CLSCELESTICA INC | 4,610 | $1.4B | 0.34% | |
| 57 | EFRENERGY FUELS INC | 72,980 | $1.1B | 0.26% | |
| 58 | ODFLOLD DOMINION FREIGHT LINE IN | 5,980 | $937.0M | 0.23% | |
| 59 | TFIITFI INTL INC | 8,740 | $903.0M | 0.22% | |
| 60 | OROR ROYALTIES INC. | 24,890 | $880.0M | 0.22% | |
| 61 | CMCANADIAN IMPERIAL BANK OF CO | 5,450 | $494.0M | 0.12% |