Beutel, Goodman & Co Ltd.
Long book
$14.75B
Q1 2026
Positions
170
Top-10 weight
30%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsBeutel, Goodman & Co Ltd. is an institutional manager, running a $14.75B US long book across 170 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TORONTO-DOMINION BANK, ROYAL BANK OF CANADA, BANK OF MONTREAL, WABTEC CORP, PPG INDUSTRIES INC.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 4 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
-3.7%
Q2 2024
+9.5%
Q3 2024
-3.7%
Q4 2024
-1.1%
Q1 2025
+7.6%
Q2 2025
+4.6%
Q3 2025
+3.6%
Q4 2025
-0.9%
Q1 2026
+10.9%
Sector allocation
Financials 29%
Industrials 14%
Technology 12%
Services media 9%
Healthcare 8%
Other 7%
Utilities 5%
Communications 4%
Long book by quarter
What does Beutel, Goodman own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TD TORONTO-DOMINION BANK | Financials | 7.4M | $687.4M | 4.7% | -7.9% |
| RY ROYAL BANK OF CANADA | Financials | 3.6M | $581.0M | 3.9% | -7.9% |
| BMO BANK OF MONTREAL | Financials | 3.1M | $418.8M | 2.8% | -37.8% |
| WAB WABTEC CORP | Industrials | 1.6M | $412.1M | 2.8% | -5.4% |
| PPG PPG INDUSTRIES INC | Other | 3.7M | $396.8M | 2.7% | -5.3% |
| EBAY EBAY INC | Services media | 4.3M | $389.3M | 2.6% | -5.3% |
| MDT MEDTRONIC PLC | Healthcare | 4.5M | $387.3M | 2.6% | -5.5% |
| CB CHUBB LTD | Financials | 1.2M | $377.1M | 2.6% | -21.9% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 5.1M | $376.1M | 2.5% | -8.1% |
| NTAP NETAPP INC | Technology | 3.6M | $373.0M | 2.5% | +8.7% |
| MRK MERCK & CO. INC. | Healthcare | 3.0M | $364.5M | 2.5% | -25.4% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 9.5M | $363.8M | 2.5% | -8.5% |
| MFC MANULIFE FINANCIAL CORP | Financials | 10.1M | $347.4M | 2.4% | -8.2% |
| DOX AMDOCS LTD | Technology | 5.3M | $344.8M | 2.3% | +11.6% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 4.1M | $322.5M | 2.2% | -7.3% |
| OMC OMNICOM GROUP | Services media | 4.1M | $310.9M | 2.1% | -26.6% |
| QCOM QUALCOMM INC | Technology | 2.4M | $310.1M | 2.1% | +26.7% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 659.6K | $293.1M | 2.0% | -9.0% |
| NTR NUTRIEN LTD | Other | 3.7M | $278.5M | 1.9% | -38.3% |
| GFL GFL ENVIRONMENTAL INC-SUB VT | Utilities | 6.6M | $276.0M | 1.9% | -7.5% |
| CMCSA COMCAST CORP-CLASS A | Communications | 9.5M | $273.8M | 1.9% | -9.0% |
| GIB CGI INC | Services media | 3.7M | $271.9M | 1.8% | -6.9% |
| SU SUNCOR ENERGY INC | Energy | 4.1M | $269.4M | 1.8% | -8.3% |
| ELV ELEVANCE HEALTH INC | Financials | 886.7K | $259.6M | 1.8% | +8.4% |
| UNP UNION PACIFIC CORP | Industrials | 1.1M | $258.6M | 1.8% | +59956.8% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 2.4M | $247.8M | 1.7% | -8.1% |
| TRP TC ENERGY CORP | Utilities | 3.8M | $235.8M | 1.6% | -37.5% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 5.2M | $230.0M | 1.6% | +167.9% |
| AMGN AMGEN INC | Healthcare | 649.3K | $228.5M | 1.5% | -45.1% |
| FTS FORTIS INC | Utilities | 4.0M | $220.9M | 1.5% | -8.0% |
| BGSI THE BOYD GROUP INC | Services media | 1.7M | $219.3M | 1.5% | +9.7% |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 2.0M | $216.6M | 1.5% | +26.9% |
| AXP AMERICAN EXPRESS CO | Financials | 664.5K | $201.0M | 1.4% | -13.1% |
| GEN GEN DIGITAL INC | Technology | 10.4M | $195.6M | 1.3% | -20.3% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 4.0M | $195.1M | 1.3% | -37.7% |
| MAS MASCO CORP | Industrials | 3.2M | $191.2M | 1.3% | -4.4% |
| GIL GILDAN ACTIVEWEAR INC | Other | 3.4M | $189.7M | 1.3% | New |
| SLF SUN LIFE FINANCIAL INC | Financials | 2.9M | $181.5M | 1.2% | -8.4% |
| KMB KIMBERLY-CLARK CORP | Other | 1.8M | $177.7M | 1.2% | -43.2% |
| CMI CUMMINS INC | Industrials | 323.7K | $174.1M | 1.2% | -5.8% |
| RBA RB GLOBAL INC | Services media | 1.7M | $164.9M | 1.1% | -36.5% |
| WFC WELLS FARGO & CO | Financials | 2.0M | $163.0M | 1.1% | +13449.6% |
| CAE CAE INC | Technology | 6.2M | $161.7M | 1.1% | -6.8% |
| BN BROOKFIELD CORP | Real estate | 4.0M | $160.7M | 1.1% | -7.5% |
| ATS ATS CORP | Industrials | 5.5M | $153.3M | 1.0% | -6.6% |
| AMAT APPLIED MATERIALS INC | Technology | 444.8K | $152.0M | 1.0% | -36.6% |
| BDX BECTON DICKINSON AND CO | Healthcare | 963.2K | $151.4M | 1.0% | New |
| FNV FRANCO-NEVADA CORP | Materials | 601.3K | $148.4M | 1.0% | -35.2% |
| FLS FLOWSERVE CORP | Industrials | 2.0M | $147.6M | 1.0% | -25.7% |
| SEIC SEI INVESTMENTS COMPANY | Financials | 1.8M | $139.1M | 0.9% | -5.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 170 | $14.75B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 174 | $16.28B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 177 | $16.60B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 176 | $17.55B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | May 14, 2025 | 205 | $17.35B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 205 | $17.4M | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 86 | $18.38B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 89 | $20.29B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 77 | $18.82B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 14, 2024 | 75 | $19.41B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 75 | $18.8M | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P