INTACT INVESTMENT MANAGEMENT INC.
Long book
$3.51B
Q1 2026
Positions
269
Top-10 weight
31%
concentration
Last quarter
+4.8%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsINTACT INVESTMENT MANAGEMENT INC. is an institutional manager, running a $3.51B US long book across 269 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ROYAL BANK OF CANADA, SUNCOR ENERGY INC, TORONTO-DOMINION BANK, BROOKFIELD INFRASTRUCTURE PA, CENOVUS ENERGY INC.
Over the last 9 quarters its long book ran on average 0pp 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
-2.6%
Q2 2024
+11.3%
Q3 2024
-4.2%
Q4 2024
+0.9%
Q1 2025
+8.6%
Q2 2025
+9.8%
Q3 2025
+6.1%
Q4 2025
+5.5%
Q1 2026
+4.8%
Sector allocation
Financials 21%
Energy 17%
Materials 9%
Technology 9%
Utilities 8%
Communications 8%
Industrials 8%
Other 7%
Long book by quarter
What does INTACT INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RY ROYAL BANK OF CANADA | Financials | 1.1M | $177.6M | 5.1% | +42.3% |
| SU SUNCOR ENERGY INC | Energy | 2.0M | $132.4M | 3.8% | +18.1% |
| TD TORONTO-DOMINION BANK | Financials | 1.3M | $117.3M | 3.3% | -45.6% |
| CVE CENOVUS ENERGY INC | Energy | 3.8M | $99.5M | 2.8% | +11.4% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 961.4K | $98.9M | 2.8% | +69.9% |
| EMA EMERA INC | Utilities | 1.8M | $93.0M | 2.7% | +104.9% |
| BCE BCE INC | Communications | 3.6M | $90.5M | 2.6% | -6.8% |
| MFC MANULIFE FINANCIAL CORP | Financials | 2.5M | $85.0M | 2.4% | +4.9% |
| PBA PEMBINA PIPELINE CORP | Energy | 1.7M | $76.1M | 2.2% | -21.6% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 1.7M | $73.8M | 2.1% | +112.3% |
| MGA MAGNA INTERNATIONAL INC | Industrials | 1.2M | $69.2M | 2.0% | -21.3% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 1.8M | $68.1M | 1.9% | -20.5% |
| NTR NUTRIEN LTD | Other | 855.8K | $64.6M | 1.8% | -19.0% |
| GIL GILDAN ACTIVEWEAR INC | Other | 1.1M | $60.4M | 1.7% | -0.1% |
| TU TELUS CORP | Communications | 4.1M | $53.1M | 1.5% | +69.5% |
| BMO BANK OF MONTREAL | Financials | 389.5K | $52.7M | 1.5% | +83.5% |
| KGC KINROSS GOLD CORP | Materials | 1.6M | $48.2M | 1.4% | +446.4% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 648.7K | $48.0M | 1.4% | +28.6% |
| OVV OVINTIV INC | Energy | 680.8K | $40.4M | 1.2% | New |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 827.3K | $40.3M | 1.1% | -10.6% |
| ENB ENBRIDGE INC | Energy | 736.8K | $39.9M | 1.1% | -25.4% |
| B BARRICK MINING CORP | Materials | 923.1K | $37.7M | 1.1% | -54.9% |
| SOBO SOUTH BOW CORP | Energy | 1.1M | $35.4M | 1.0% | +10.5% |
| FNV FRANCO-NEVADA CORP | Materials | 140.9K | $34.9M | 1.0% | -31.7% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 248.7K | $32.6M | 0.9% | +94.3% |
| AEM AGNICO EAGLE MINES LTD | Materials | 159.1K | $32.3M | 0.9% | -23.0% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 324.8K | $30.8M | 0.9% | -33.8% |
| SHOP SHOPIFY INC - CLASS A | Technology | 245.7K | $29.1M | 0.8% | -7.5% |
| BTE BAYTEX ENERGY CORP | Energy | 6.5M | $29.1M | 0.8% | -26.6% |
| TRP TC ENERGY CORP | Utilities | 457.6K | $28.6M | 0.8% | -4.1% |
| BNS BANK OF NOVA SCOTIA | Financials | 392.1K | $27.2M | 0.8% | -9.6% |
| RBA RB GLOBAL INC | Services media | 280.9K | $26.9M | 0.8% | +8.0% |
| SLF SUN LIFE FINANCIAL INC | Financials | 407.7K | $25.5M | 0.7% | -79.7% |
| MSFT MICROSOFT CORP | Technology | 64.9K | $24.0M | 0.7% | Held |
| ABBV ABBVIE INC | Healthcare | 107.6K | $23.4M | 0.7% | +22.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 140.7K | $23.3M | 0.7% | +1.9% |
| OTEX OPEN TEXT CORP | Technology | 991.9K | $22.1M | 0.6% | +36.1% |
| IAG IAMGOLD CORP | Materials | 1.2M | $21.7M | 0.6% | +7.5% |
| MRK MERCK & CO. INC. | Healthcare | 173.5K | $20.9M | 0.6% | -5.2% |
| GOOGL ALPHABET INC-CL A | Technology | 71.7K | $20.6M | 0.6% | +0.8% |
| AVGO BROADCOM INC | Technology | 66.0K | $20.4M | 0.6% | +1.0% |
| AQN ALGONQUIN POWER & UTILITIES | Utilities | 3.3M | $20.2M | 0.6% | -18.8% |
| VET VERMILION ENERGY INC | Energy | 1.5M | $20.2M | 0.6% | +34.7% |
| CVX CHEVRON CORP | Energy | 97.3K | $20.1M | 0.6% | +0.2% |
| CCJ CAMECO CORP | Materials | 177.1K | $19.3M | 0.5% | +4.3% |
| TAC TRANSALTA CORP | Utilities | 1.4M | $19.0M | 0.5% | +237.9% |
| HD HOME DEPOT INC | Consumer discretionary | 57.8K | $19.0M | 0.5% | Held |
| TRI4EUR THOMSON REUTERS CORP | — | 207.7K | $18.7M | 0.5% | +3197.3% |
| WCN WASTE CONNECTIONS INC | Utilities | 114.9K | $18.7M | 0.5% | +191.9% |
| EGO ELDORADO GOLD CORP | Materials | 543.1K | $18.6M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 269 | $3.51B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 313 | $3.48B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 254 | $3.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 346 | $2.95B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 328 | $2.92B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 320 | $2.86B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 306 | $3.01B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 264 | $2.67B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 256 | $2.54B | canonical | SEC ↗ |
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