CANADA PENSION PLAN INVESTMENT BOARD
Long book
$155.03B
Q1 2026
Positions
1680
Top-10 weight
27%
concentration
Last quarter
+12.2%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsCANADA PENSION PLAN INVESTMENT BOARD is a pension / sovereign wealth manager, running a $155.03B US long book across 1680 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0pp 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
+2.7%
Q2 2024
+7.2%
Q3 2024
+1.5%
Q4 2024
-1.9%
Q1 2025
+10.4%
Q2 2025
+8.3%
Q3 2025
+2.1%
Q4 2025
-2.4%
Q1 2026
+12.2%
Sector allocation
Technology 34%
Financials 14%
Industrials 10%
Consumer discretionary 7%
Healthcare 6%
Utilities 6%
Energy 6%
Services media 5%
Long book by quarter
What does CANADA PENSION own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 48.8M | $8.51B | 5.5% | +8.6% |
| AAPL APPLE INC | Technology | 25.8M | $6.54B | 4.2% | +5.5% |
| MSFT MICROSOFT CORP | Technology | 15.0M | $5.55B | 3.6% | +18.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 18.5M | $3.86B | 2.5% | +3.7% |
| GOOGL ALPHABET INC-CL A | Technology | 12.2M | $3.51B | 2.3% | +11.4% |
| BG BUNGE GLOBAL SA | Consumer staples | 26.2M | $3.34B | 2.2% | Held |
| AVGO BROADCOM INC | Technology | 10.3M | $3.19B | 2.1% | -10.5% |
| GOOG ALPHABET INC-CL C | Technology | 8.3M | $2.37B | 1.5% | +6.7% |
| META META PLATFORMS INC-CLASS A | Technology | 4.1M | $2.36B | 1.5% | +4.0% |
| TSLA TESLA INC | Industrials | 6.1M | $2.25B | 1.5% | +20.0% |
| CEG CONSTELLATION ENERGY | Utilities | 7.7M | $2.14B | 1.4% | +5330.4% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 40.3M | $1.97B | 1.3% | -1.8% |
| MA MASTERCARD INC - A | Services media | 3.9M | $1.95B | 1.3% | +5.5% |
| JPM JPMORGAN CHASE & CO | Financials | 6.5M | $1.92B | 1.2% | +17.1% |
| RY ROYAL BANK OF CANADA | Financials | 10.0M | $1.61B | 1.0% | +0.9% |
| VIK VIKING HOLDINGS LTD | Industrials | 20.1M | $1.48B | 1.0% | Held |
| UNP UNION PACIFIC CORP | Industrials | 6.1M | $1.48B | 1.0% | +0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.0M | $1.43B | 0.9% | +3.9% |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 8.8M | $1.34B | 0.9% | -6.7% |
| LLY ELI LILLY & CO | Healthcare | 1.4M | $1.33B | 0.9% | +9.0% |
| TMUS T-MOBILE US INC | Communications | 6.1M | $1.27B | 0.8% | +4.7% |
| XOM EXXON MOBIL CORP | Energy | 7.4M | $1.26B | 0.8% | +5.5% |
| TD TORONTO-DOMINION BANK | Financials | 12.5M | $1.17B | 0.8% | -7.7% |
| LNG CHENIERE ENERGY INC | Utilities | 4.1M | $1.16B | 0.7% | +1.6% |
| SRAD SPORTRADAR GROUP AG-A | Technology | 68.2M | $1.14B | 0.7% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.5M | $1.11B | 0.7% | +27.8% |
| TRP TC ENERGY CORP | Utilities | 17.5M | $1.10B | 0.7% | -3.6% |
| LIN LINDE PLC | Materials | 2.1M | $1.02B | 0.7% | +15.1% |
| SHOP SHOPIFY INC - CLASS A | Technology | 8.3M | $986.5M | 0.6% | -5.1% |
| WMT WALMART INC | Consumer discretionary | 7.9M | $983.1M | 0.6% | +18.8% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 6.3M | $919.7M | 0.6% | +6.7% |
| BAC BANK OF AMERICA CORP | Financials | 18.5M | $901.1M | 0.6% | +26.8% |
| MU MICRON TECHNOLOGY INC | Technology | 2.6M | $882.2M | 0.6% | +31.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 876.1K | $873.0M | 0.6% | -10.1% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 9.0M | $853.4M | 0.6% | +25.4% |
| BMO BANK OF MONTREAL | Financials | 6.2M | $845.2M | 0.5% | -1.4% |
| ARES ARES MANAGEMENT CORP - A | Financials | 7.6M | $830.8M | 0.5% | +70.1% |
| GE GENERAL ELECTRIC | Industrials | 2.9M | $825.5M | 0.5% | -8.9% |
| NFLX NETFLIX INC | Services media | 8.5M | $816.5M | 0.5% | +16.8% |
| CSCO CISCO SYSTEMS INC | Technology | 9.9M | $767.5M | 0.5% | +26.6% |
| CVX CHEVRON CORP | Energy | 3.6M | $752.3M | 0.5% | +19.7% |
| ENB ENBRIDGE INC | Energy | 13.8M | $748.0M | 0.5% | +23.0% |
| AMAT APPLIED MATERIALS INC | Technology | 2.1M | $719.5M | 0.5% | +12.4% |
| AEM AGNICO EAGLE MINES LTD | Materials | 3.5M | $718.6M | 0.5% | -2.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 3.4M | $699.5M | 0.5% | -21.9% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.5M | $690.9M | 0.4% | +7.3% |
| KO COCA-COLA CO/THE | Consumer staples | 9.1M | $690.4M | 0.4% | +23.2% |
| EQH EQUITABLE HOLDINGS INC | Financials | 18.2M | $676.1M | 0.4% | -5.5% |
| HD HOME DEPOT INC | Consumer discretionary | 2.0M | $646.8M | 0.4% | +22.3% |
| BNS BANK OF NOVA SCOTIA | Financials | 9.1M | $632.1M | 0.4% | -15.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 1680 | $155.03B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 1971 | $149.52B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1346 | $142.42B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1345 | $116.93B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 1297 | $102.99B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1398 | $105.03B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 1319 | $105.59B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 1361 | $101.76B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 1167 | $95.20B | canonical | SEC ↗ |