PICTON MAHONEY ASSET MANAGEMENT Q4 2025 Filing
Filed February 11, 2026
Portfolio Value
$12.9B
Holdings
1,180
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (1,180 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | HYGISHARES TR | 19,829,290 | $1.6B | 12.37% | Put |
| 2 | LQDISHARES TR | 10,003,220 | $1.1B | 8.52% | Put |
| 3 | RYROYAL BK CDA | 2,652,043 | $452.0M | 3.50% | |
| 4 | TDTORONTO DOMINION BK ONT | 3,396,972 | $320.0M | 2.48% | |
| 5 | SHOPSHOPIFY INC | 1,932,932 | $311.0M | 2.41% | |
| 6 | IWMISHARES TR | 1,200,700 | $295.0M | 2.28% | Put |
| 7 | IEFISHARES TR | 2,517,370 | $241.0M | 1.87% | Put |
| 8 | CPCANADIAN PACIFIC KANSAS CITY | 2,252,702 | $166.0M | 1.29% | |
| 9 | BNBROOKFIELD CORP | 3,613,638 | $166.0M | 1.29% | |
| 10 | CRCCANADIAN NAT RES LTD | 4,666,597 | $158.0M | 1.22% | |
| 11 | CLSCELESTICA INC | 525,710 | $154.0M | 1.19% | Call |
| 12 | BBARRICK MNG CORP | 3,423,022 | $149.0M | 1.15% | |
| 13 | NVDANVIDIA CORPORATION | 802,128 | $149.0M | 1.15% | |
| 14 | AEMAGNICO EAGLE MINES LTD | 767,180 | $130.0M | 1.01% | |
| 15 | FNVFRANCO NEV CORP | 630,703 | $130.0M | 1.01% | |
| 16 | ENBENBRIDGE INC | 2,666,336 | $127.0M | 0.98% | |
| 17 | GOOGLALPHABET INC | 382,808 | $119.0M | 0.92% | |
| 18 | CVECENOVUS ENERGY INC | 6,824,438 | $115.0M | 0.89% | |
| 19 | TRPTC ENERGY CORP | 2,055,963 | $113.0M | 0.88% | |
| 20 | AAPLAPPLE INC | 413,092 | $112.0M | 0.87% | |
| 21 | WCNWASTE CONNECTIONS INC | 641,243 | $112.0M | 0.87% | |
| 22 | OROR ROYALTIES INC | 3,160,518 | $112.0M | 0.87% | |
| 23 | MSFTMICROSOFT CORP | 227,053 | $109.0M | 0.84% | |
| 24 | RCI/BROGERS COMMUNICATIONS INC | 2,797,253 | $105.0M | 0.81% | |
| 25 | HBMHUDBAY MINERALS INC | 5,034,287 | $100.0M | 0.77% | |
| 26 | VOEVANGUARD INDEX FDS | 547,312 | $97.0M | 0.75% | |
| 27 | WPMWHEATON PRECIOUS METALS CORP | 810,338 | $95.0M | 0.74% | |
| 28 | BSXBOSTON SCIENTIFIC CORP | 969,905 | $92.0M | 0.71% | Call |
| 29 | CMCANADIAN IMPERIAL BANK OF CO | 994,736 | $90.0M | 0.70% | |
| 30 | IMGIAMGOLD CORP | 5,028,974 | $83.0M | 0.64% | |
| 31 | BYDBOYD GROUP SERVICES INC | 509,542 | $81.0M | 0.63% | |
| 32 | AMZNAMAZON COM INC | 342,697 | $79.0M | 0.61% | |
| 33 | SNOWSNOWFLAKE INC | 347,500 | $75.0M | 0.58% | Call |
| 34 | CYBRCYBERARK SOFTWARE LTD | 158,005 | $70.0M | 0.54% | |
| 35 | GILGILDAN ACTIVEWEAR INC | 1,126,550 | $70.0M | 0.54% | |
| 36 | EXASEXACT SCIENCES CORP | 700,000 | $70.0M | 0.54% | Put |
| 37 | MFCMANULIFE FINL CORP | 1,896,152 | $68.0M | 0.53% | |
| 38 | BIPBROOKFIELD INFRAST PARTNERS | 1,842,718 | $64.0M | 0.50% | |
| 39 | DAYDAYFORCE INC | 925,000 | $63.0M | 0.49% | Put |
| 40 | AVGOBROADCOM INC | 181,673 | $62.0M | 0.48% | |
| 41 | RNAAVIDITY BIOSCIENCES INC | 839,400 | $59.0M | 0.46% | Put |
| 42 | DASHDOORDASH INC | 257,997 | $57.0M | 0.44% | Call |
| 43 | EAELECTRONIC ARTS INC | 282,500 | $57.0M | 0.44% | |
| 44 | CIGICOLLIERS INTL GROUP INC | 375,697 | $55.0M | 0.43% | |
| 45 | ZGZILLOW GROUP INC | 780,000 | $53.0M | 0.41% | Call |
| 46 | DOOBRP INC | 700,057 | $49.0M | 0.38% | |
| 47 | FSVFIRSTSERVICE CORP NEW | 307,346 | $47.0M | 0.36% | |
| 48 | TECK/BTECK RESOURCES LTD | 995,750 | $47.0M | 0.36% | |
| 49 | BCEBCE INC | 1,963,939 | $46.0M | 0.36% | |
| 50 | BEPBROOKFIELD RENEWABLE PARTNER | 1,678,827 | $45.0M | 0.35% | |
| 51 | CCOCAMECO CORP | 481,834 | $44.0M | 0.34% | |
| 52 | LLYELI LILLY & CO | 41,372 | $44.0M | 0.34% | |
| 53 | DSGDESCARTES SYS GROUP INC | 496,483 | $43.0M | 0.33% | |
| 54 | METAMETA PLATFORMS INC | 64,020 | $42.0M | 0.33% | |
| 55 | SUSUNCOR ENERGY INC NEW | 954,786 | $42.0M | 0.33% | |
| 56 | COFCAPITAL ONE FINL CORP | 170,385 | $41.0M | 0.32% | |
| 57 | ALAIR LEASE CORP | 642,725 | $41.0M | 0.32% | |
| 58 | BACBANK AMERICA CORP | 740,139 | $40.0M | 0.31% | |
| 59 | MGAMAGNA INTL INC | 745,714 | $39.0M | 0.30% | |
| 60 | ORCLORACLE CORP | 200,000 | $38.0M | 0.29% | Call |
| 61 | SSRMSSR MINING IN | 1,696,496 | $37.0M | 0.29% | |
| 62 | RKTROCKET COS INC | 1,916,932 | $37.0M | 0.29% | |
| 63 | HOLXHOLOGIC INC | 501,214 | $37.0M | 0.29% | |
| 64 | RDNTRADNET INC | 517,665 | $36.0M | 0.28% | Call |
| 65 | DWDMORGAN STANLEY | 205,008 | $36.0M | 0.28% | |
| 66 | SCHWSCHWAB CHARLES CORP | 358,351 | $35.0M | 0.27% | |
| 67 | KKRKKR & CO INC | 274,575 | $35.0M | 0.27% | |
| 68 | CNRCANADIAN NATL RY CO | 344,448 | $34.0M | 0.26% | |
| 69 | LVLNSPDR SERIES TRUST | 534,159 | $34.0M | 0.26% | |
| 70 | CSGPCOSTAR GROUP INC | 504,140 | $33.0M | 0.26% | Call |
| 71 | GTLSCHART INDS INC | 157,979 | $32.0M | 0.25% | |
| 72 | SEESEALED AIR CORP NEW | 771,800 | $31.0M | 0.24% | |
| 73 | RSPINVESCO EXCHANGE TRADED FD T | 163,728 | $30.0M | 0.23% | Call |
| 74 | WMTWALMART INC | 274,867 | $30.0M | 0.23% | |
| 75 | MDBMONGODB INC | 72,421 | $30.0M | 0.23% | |
| 76 | CAECAE INC | 957,687 | $29.0M | 0.22% | |
| 77 | TJXTJX COS INC NEW | 182,795 | $28.0M | 0.22% | |
| 78 | TRITHOMSON REUTERS CORP | 218,799 | $28.0M | 0.22% | |
| 79 | TPGTPG INC | 440,521 | $28.0M | 0.22% | |
| 80 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 92,634 | $28.0M | 0.22% | |
| 81 | RBCRBC BEARINGS INC | 60,433 | $27.0M | 0.21% | |
| 82 | ISRGINTUITIVE SURGICAL INC | 48,586 | $27.0M | 0.21% | |
| 83 | SPOTSPOTIFY TECHNOLOGY S A | 46,680 | $27.0M | 0.21% | |
| 84 | HWMHOWMET AEROSPACE INC | 132,595 | $27.0M | 0.21% | |
| 85 | CDTXCIDARA THERAPEUTICS INC | 125,000 | $27.0M | 0.21% | Put |
| 86 | MLIMUELLER INDS INC | 228,022 | $26.0M | 0.20% | |
| 87 | TMOTHERMO FISHER SCIENTIFIC INC | 45,459 | $26.0M | 0.20% | |
| 88 | SIISPROTT INC | 274,262 | $26.0M | 0.20% | |
| 89 | URIUNITED RENTALS INC | 31,360 | $25.0M | 0.19% | |
| 90 | NSCNORFOLK SOUTHN CORP | 90,000 | $25.0M | 0.19% | |
| 91 | APOAPOLLO GLOBAL MGMT INC | 168,254 | $24.0M | 0.19% | |
| 92 | XPOXPO INC | 183,573 | $24.0M | 0.19% | |
| 93 | BABOEING CO | 112,582 | $24.0M | 0.19% | |
| 94 | MAMASTERCARD INCORPORATED | 41,753 | $23.0M | 0.18% | |
| 95 | SFSTIFEL FINL CORP | 188,987 | $23.0M | 0.18% | |
| 96 | VENVENTAS INC | 284,851 | $22.0M | 0.17% | |
| 97 | TRVCCITIGROUP INC | 190,038 | $22.0M | 0.17% | |
| 98 | BBUBROOKFIELD BUSINESS PARTNERS | 627,777 | $22.0M | 0.17% | |
| 99 | AIZASSURANT INC | 91,405 | $22.0M | 0.17% | |
| 100 | CADECADENCE BANK | 505,100 | $21.0M | 0.16% |
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