Caisse de depot et placement du Quebec
Long book
$62.43B
Q1 2026
Positions
684
Top-10 weight
26%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsCaisse de depot et placement du Quebec is an institutional manager, running a $62.43B US long book across 684 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, NVIDIA CORP, CANADIAN NATL RAILWAY CO, ALPHABET INC-CL A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.9pp 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
+1.2%
Q2 2024
+6.9%
Q3 2024
+0.8%
Q4 2024
-3.6%
Q1 2025
+9.3%
Q2 2025
+6.3%
Q3 2025
+3.0%
Q4 2025
-3.9%
Q1 2026
+12.6%
Sector allocation
Technology 31%
Industrials 16%
Financials 15%
Healthcare 8%
Consumer discretionary 8%
Services media 6%
Other 5%
Utilities 3%
Long book by quarter
What does Caisse de own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 11.1M | $2.81B | 4.5% | +14.3% |
| NVDA NVIDIA CORP | Technology | 15.8M | $2.75B | 4.4% | +17.4% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 18.8M | $1.93B | 3.1% | +35.2% |
| GOOGL ALPHABET INC-CL A | Technology | 6.7M | $1.91B | 3.1% | +6.8% |
| MSFT MICROSOFT CORP | Technology | 5.0M | $1.84B | 2.9% | -2.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 5.8M | $1.20B | 1.9% | +0.2% |
| GIB CGI INC | Services media | 16.3M | $1.19B | 1.9% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 2.0M | $1.16B | 1.9% | +22.9% |
| BCE BCE INC | Communications | 34.1M | $857.8M | 1.4% | Held |
| CAE CAE INC | Technology | 30.9M | $802.4M | 1.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.6M | $786.1M | 1.3% | +10.6% |
| TFII TFI INTERNATIONAL INC | Industrials | 7.2M | $776.5M | 1.2% | +1.0% |
| BMO BANK OF MONTREAL | Financials | 5.4M | $731.7M | 1.2% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.0M | $729.8M | 1.2% | +7.8% |
| MA MASTERCARD INC - A | Services media | 1.4M | $723.5M | 1.2% | +5.5% |
| JPM JPMORGAN CHASE & CO | Financials | 2.4M | $703.2M | 1.1% | +4.4% |
| AVGO BROADCOM INC | Technology | 2.2M | $679.2M | 1.1% | +4.0% |
| LLY ELI LILLY & CO | Healthcare | 686.6K | $631.5M | 1.0% | +7.9% |
| GIL GILDAN ACTIVEWEAR INC | Other | 10.4M | $579.6M | 0.9% | +67.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 499.6K | $497.8M | 0.8% | +24.5% |
| MRK MERCK & CO. INC. | Healthcare | 3.8M | $457.0M | 0.7% | -8.0% |
| AMAT APPLIED MATERIALS INC | Technology | 1.3M | $432.8M | 0.7% | +48.9% |
| GOOG ALPHABET INC-CL C | Technology | 1.5M | $432.2M | 0.7% | +34.9% |
| CSCO CISCO SYSTEMS INC | Technology | 5.6M | $431.6M | 0.7% | +57.4% |
| TSLA TESLA INC | Industrials | 1.1M | $406.3M | 0.7% | +13.5% |
| WMT WALMART INC | Consumer discretionary | 3.3M | $405.0M | 0.6% | +10.9% |
| T AT&T INC | Communications | 13.0M | $376.5M | 0.6% | +26.9% |
| BAC BANK OF AMERICA CORP | Financials | 7.5M | $365.7M | 0.6% | +20.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 3.4M | $351.1M | 0.6% | +82.0% |
| ABBV ABBVIE INC | Healthcare | 1.6M | $350.8M | 0.6% | -0.7% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.3M | $350.4M | 0.6% | +34.0% |
| PEP PEPSICO INC | Consumer staples | 2.2M | $343.5M | 0.6% | -2.9% |
| C CITIGROUP INC | Financials | 3.0M | $339.9M | 0.5% | +6.3% |
| PGR PROGRESSIVE CORP | Financials | 1.6M | $326.1M | 0.5% | 0.0% |
| NEE NEXTERA ENERGY INC | Utilities | 3.4M | $316.6M | 0.5% | -8.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 1.9M | $309.5M | 0.5% | +94.3% |
| HD HOME DEPOT INC | Consumer discretionary | 912.3K | $300.0M | 0.5% | +145.1% |
| RY ROYAL BANK OF CANADA | Financials | 1.8M | $297.9M | 0.5% | -6.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 2.0M | $285.0M | 0.5% | +12.6% |
| CAT CATERPILLAR INC | Industrials | 388.7K | $275.4M | 0.4% | -8.5% |
| TD TORONTO-DOMINION BANK | Financials | 2.9M | $273.8M | 0.4% | +30.0% |
| PHM PULTEGROUP INC | Industrials | 2.2M | $264.1M | 0.4% | +13.0% |
| MU MICRON TECHNOLOGY INC | Technology | 776.8K | $262.4M | 0.4% | -20.7% |
| TRP TC ENERGY CORP | Utilities | 4.1M | $257.3M | 0.4% | +80.4% |
| NFLX NETFLIX INC | Services media | 2.7M | $256.8M | 0.4% | +8.2% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 329.0K | $254.2M | 0.4% | -3.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 1.3M | $244.4M | 0.4% | +90.8% |
| ENB ENBRIDGE INC | Energy | 4.5M | $241.6M | 0.4% | +106.0% |
| ANET ARISTA NETWORKS INC | Technology | 1.9M | $234.7M | 0.4% | -0.2% |
| GS GOLDMAN SACHS GROUP INC | Financials | 277.4K | $234.7M | 0.4% | +19.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 684 | $62.43B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 540 | $58.95B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 539 | $55.49B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 478 | $46.84B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 591 | $47.67B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 516 | $48.09B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 496 | $50.29B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 461 | $41.19B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 481 | $41.56B | canonical | SEC ↗ |
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