CI INVESTMENTS INC.
Long book
$20.65B
Q1 2026
Positions
613
Top-10 weight
33%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsCI INVESTMENTS INC. is a mechanically diversified allocator, running a $20.65B US long book across 613 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, AMAZON.COM INC, MICROSOFT CORP, ISHARES CORE S&P 500 ETF, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.6%
Q2 2024
+6.1%
Q3 2024
+2.4%
Q4 2024
-4.5%
Q1 2025
+11.9%
Q2 2025
+7.0%
Q3 2025
+2.0%
Q4 2025
-5.0%
Q1 2026
+13.8%
Sector allocation
Technology 41%
Consumer discretionary 11%
Industrials 9%
Financials 8%
Services media 7%
Utilities 7%
Healthcare 6%
Other 3%
Long book by quarter
What does CI INVESTMENTS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 7.5M | $1.30B | 6.3% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.6M | $948.7M | 4.6% | -2.8% |
| MSFT MICROSOFT CORP | Technology | 2.2M | $799.3M | 3.9% | -19.1% |
| GOOG ALPHABET INC-CL C | Technology | 2.4M | $674.9M | 3.3% | -10.5% |
| AAPL APPLE INC | Technology | 2.3M | $592.5M | 2.9% | -1.1% |
| AVGO BROADCOM INC | Technology | 1.8M | $545.1M | 2.6% | +9.7% |
| META META PLATFORMS INC-CLASS A | Technology | 883.0K | $505.2M | 2.4% | -10.0% |
| MA MASTERCARD INC - A | Services media | 845.8K | $422.6M | 2.0% | +2.2% |
| LLY ELI LILLY & CO | Healthcare | 371.5K | $341.7M | 1.7% | -5.7% |
| GOOGL ALPHABET INC-CL A | Technology | 1.1M | $316.4M | 1.5% | -12.7% |
| WMT WALMART INC | Consumer discretionary | 1.8M | $228.2M | 1.1% | -1.7% |
| DHR DANAHER CORP | Technology | 1.2M | $224.0M | 1.1% | +2.3% |
| JPM JPMORGAN CHASE & CO | Financials | 744.7K | $219.1M | 1.1% | -7.9% |
| LNG CHENIERE ENERGY INC | Utilities | 758.6K | $215.3M | 1.0% | -0.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 428.2K | $210.5M | 1.0% | -21.8% |
| BAC BANK OF AMERICA CORP | Financials | 4.3M | $208.3M | 1.0% | -2.8% |
| TRGP TARGA RESOURCES CORP | Utilities | 795.6K | $199.5M | 1.0% | +7.0% |
| GEV GE VERNOVA INC | Industrials | 210.6K | $183.9M | 0.9% | +0.2% |
| WMB WILLIAMS COS INC | Utilities | 2.5M | $181.5M | 0.9% | -0.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 886.4K | $180.3M | 0.9% | +6.6% |
| V VISA INC-CLASS A SHARES | Services media | 533.5K | $161.2M | 0.8% | -26.3% |
| T AT&T INC | Communications | 5.2M | $151.2M | 0.7% | -1.4% |
| NOW SERVICENOW INC | Technology | 1.4M | $149.1M | 0.7% | +35.5% |
| MRK MERCK & CO. INC. | Healthcare | 1.2M | $148.9M | 0.7% | +24.5% |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 911.8K | $139.1M | 0.7% | -11.2% |
| BN BROOKFIELD CORP | Real estate | 3.4M | $138.8M | 0.7% | -20.7% |
| NEE NEXTERA ENERGY INC | Utilities | 1.5M | $136.8M | 0.7% | +81.1% |
| C CITIGROUP INC | Financials | 1.2M | $130.6M | 0.6% | -2.2% |
| KKR KKR & CO INC | Financials | 1.4M | $129.9M | 0.6% | -3.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 812.4K | $129.7M | 0.6% | -1.1% |
| MU MICRON TECHNOLOGY INC | Technology | 362.8K | $122.6M | 0.6% | -9.8% |
| KGC KINROSS GOLD CORP | Materials | 3.6M | $110.2M | 0.5% | -41.9% |
| SNOW SNOWFLAKE INC | Technology | 720.8K | $108.7M | 0.5% | +34.6% |
| ETR ENTERGY CORP | Utilities | 950.6K | $106.8M | 0.5% | -19.9% |
| IAG IAMGOLD CORP | Materials | 5.6M | $104.6M | 0.5% | -24.5% |
| MELI MERCADOLIBRE INC | Services media | 60.2K | $104.1M | 0.5% | +8.2% |
| KO COCA-COLA CO/THE | Consumer staples | 1.3M | $102.5M | 0.5% | -14.8% |
| SPGI S&P GLOBAL INC | Services media | 238.9K | $101.6M | 0.5% | +1.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 99.2K | $98.9M | 0.5% | +408.0% |
| J JACOBS SOLUTIONS INC | Industrials | 747.2K | $95.1M | 0.5% | -1.0% |
| COP CONOCOPHILLIPS | Energy | 641.8K | $84.7M | 0.4% | +36.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 100.1K | $84.7M | 0.4% | -40.1% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 154.0K | $83.7M | 0.4% | -9.7% |
| LRCX LAM RESEARCH CORP | Industrials | 387.4K | $82.8M | 0.4% | -14.7% |
| ETN EATON CORP PLC | Industrials | 223.5K | $79.9M | 0.4% | +16.8% |
| TXN TEXAS INSTRUMENTS INC | Technology | 402.0K | $78.0M | 0.4% | +3.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 317.7K | $77.6M | 0.4% | +83.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 283.4K | $76.7M | 0.4% | -62.9% |
| BKNG BOOKING HOLDINGS INC | Industrials | 17.5K | $73.8M | 0.4% | -55.2% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 1.7M | $72.6M | 0.4% | 0.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 646 | $20.65B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 678 | $22.83B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 1317 | $27.52B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 1327 | $26.66B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 1343 | $23.73B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 1343 | $26.55B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1318 | $26.28B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 1294 | $25.39B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 1335 | $25.19B | $K fixed canonical | SEC ↗ |
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