1832 Asset Management L.P.
Long book
$75.53B
Q1 2026
Positions
628
Top-10 weight
25%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filings1832 Asset Management L.P. is an institutional manager, running a $75.53B US long book across 628 positions.
The portfolio is moderately concentrated (top 10 ≈ 25% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TORONTO-DOMINION BANK, ROYAL BANK OF CANADA, MICROSOFT CORP, CANADIAN NATL RAILWAY CO, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.0%
Q2 2024
+7.8%
Q3 2024
-0.0%
Q4 2024
-3.0%
Q1 2025
+10.8%
Q2 2025
+7.1%
Q3 2025
+3.1%
Q4 2025
-2.2%
Q1 2026
+11.4%
Sector allocation
Technology 24%
Financials 18%
Industrials 10%
Consumer discretionary 9%
Energy 8%
Utilities 6%
Services media 6%
Other 5%
Long book by quarter
What does 1832 Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TD TORONTO-DOMINION BANK | Financials | 30.3M | $2.83B | 3.7% | -6.0% |
| RY ROYAL BANK OF CANADA | Financials | 16.5M | $2.67B | 3.5% | -2.1% |
| MSFT MICROSOFT CORP | Technology | 6.3M | $2.34B | 3.1% | +12.0% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 18.7M | $1.92B | 2.5% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.3M | $1.74B | 2.3% | +7.4% |
| BN BROOKFIELD CORP | Real estate | 42.9M | $1.74B | 2.3% | -5.7% |
| NVDA NVIDIA CORP | Technology | 9.5M | $1.65B | 2.2% | +32.8% |
| ENB ENBRIDGE INC | Energy | 29.1M | $1.57B | 2.1% | -4.9% |
| TRP TC ENERGY CORP | Utilities | 22.0M | $1.38B | 1.8% | -10.1% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 27.9M | $1.36B | 1.8% | -11.3% |
| BMO BANK OF MONTREAL | Financials | 9.6M | $1.30B | 1.7% | -7.8% |
| AAPL APPLE INC | Technology | 5.1M | $1.29B | 1.7% | +15.3% |
| BNS BANK OF NOVA SCOTIA | Financials | 18.3M | $1.27B | 1.7% | -2.7% |
| SHOP SHOPIFY INC - CLASS A | Technology | 10.2M | $1.21B | 1.6% | +30.4% |
| WCN WASTE CONNECTIONS INC | Utilities | 7.1M | $1.16B | 1.5% | +25.9% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 14.1M | $1.11B | 1.5% | -1.3% |
| GOOGL ALPHABET INC-CL A | Technology | 3.8M | $1.11B | 1.5% | -30.7% |
| SU SUNCOR ENERGY INC | Energy | 16.2M | $1.07B | 1.4% | -9.0% |
| MFC MANULIFE FINANCIAL CORP | Financials | 28.2M | $972.9M | 1.3% | -1.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 2.0M | $968.1M | 1.3% | +58.3% |
| GOOG ALPHABET INC-CL C | Technology | 3.1M | $875.8M | 1.2% | +20.7% |
| V VISA INC-CLASS A SHARES | Services media | 2.8M | $854.7M | 1.1% | +4.0% |
| AEM AGNICO EAGLE MINES LTD | Materials | 3.9M | $795.3M | 1.1% | +5.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.9M | $780.4M | 1.0% | -9.1% |
| TRI4EUR THOMSON REUTERS CORP | — | 7.2M | $651.0M | 0.9% | +37.7% |
| FNV FRANCO-NEVADA CORP | Materials | 2.6M | $644.8M | 0.9% | +0.3% |
| OTEX OPEN TEXT CORP | Technology | 27.2M | $605.8M | 0.8% | +15.5% |
| JPM JPMORGAN CHASE & CO | Financials | 2.0M | $589.9M | 0.8% | -8.2% |
| SLF SUN LIFE FINANCIAL INC | Financials | 9.1M | $567.0M | 0.8% | -11.2% |
| HD HOME DEPOT INC | Consumer discretionary | 1.7M | $566.5M | 0.8% | +8.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.2M | $535.4M | 0.7% | -13.4% |
| PBA PEMBINA PIPELINE CORP | Energy | 11.7M | $524.9M | 0.7% | -0.3% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 1.6M | $512.2M | 0.7% | -5.0% |
| NTR NUTRIEN LTD | Other | 6.4M | $483.2M | 0.6% | -18.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.5M | $478.1M | 0.6% | +4.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 471.0K | $469.3M | 0.6% | +43.7% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 7.3M | $455.1M | 0.6% | +229.4% |
| MA MASTERCARD INC - A | Services media | 905.9K | $452.7M | 0.6% | -3.0% |
| NFLX NETFLIX INC | Services media | 4.6M | $445.7M | 0.6% | +32.2% |
| DHR DANAHER CORP | Technology | 2.3M | $442.6M | 0.6% | +62.6% |
| TFII TFI INTERNATIONAL INC | Industrials | 4.0M | $432.4M | 0.6% | -13.8% |
| XOM EXXON MOBIL CORP | Energy | 2.5M | $430.3M | 0.6% | +162.3% |
| CAE CAE INC | Technology | 16.4M | $427.1M | 0.6% | -26.2% |
| CSCO CISCO SYSTEMS INC | Technology | 5.4M | $422.6M | 0.6% | -29.9% |
| FTS FORTIS INC | Utilities | 7.6M | $421.8M | 0.6% | -10.1% |
| ETN EATON CORP PLC | Industrials | 1.1M | $381.5M | 0.5% | -16.0% |
| KGC KINROSS GOLD CORP | Materials | 12.5M | $380.1M | 0.5% | +78.1% |
| META META PLATFORMS INC-CLASS A | Technology | 660.8K | $378.1M | 0.5% | -2.7% |
| LIN LINDE PLC | Materials | 755.3K | $374.5M | 0.5% | +59.9% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 279.5K | $369.1M | 0.5% | +277.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 647 | $108.78B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 687 | $131.31B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 661 | $126.69B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 652 | $128.16B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 652 | $110.02B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 657 | $117.64B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 669 | $131.44B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 888 | $123.11B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 884 | $168.94B | canonical | SEC ↗ |
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