Tacita Capital Inc
Long book
$168.9M
Q1 2026
Positions
238
Top-10 weight
38%
concentration
Last quarter
+9.6%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsTacita Capital Inc is an institutional manager, running a $168.9M US long book across 238 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES MSCI GLOBAL MIN VOL, ISHARES MSCI USA MOMENTUM FA, VANGUARD SMALL-CAP VALUE ETF, BROOKFIELD CORP, ROYAL BANK OF CANADA.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 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
-0.6%
Q2 2024
+11.2%
Q3 2024
-1.4%
Q4 2024
+0.0%
Q1 2025
+9.0%
Q2 2025
+7.5%
Q3 2025
+2.6%
Q4 2025
+1.3%
Q1 2026
+9.6%
Sector allocation
Financials 28%
Utilities 17%
Energy 10%
Real estate 9%
Technology 9%
Materials 8%
Industrials 7%
Consumer discretionary 3%
Long book by quarter
What does Tacita Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BN BROOKFIELD CORP | Real estate | 180.1K | $7.3M | 4.3% | +1.1% |
| RY ROYAL BANK OF CANADA | Financials | 35.0K | $5.6M | 3.3% | -0.3% |
| TD TORONTO-DOMINION BANK | Financials | 46.6K | $4.3M | 2.6% | 0.0% |
| TRP TC ENERGY CORP | Utilities | 65.2K | $4.1M | 2.4% | Held |
| ENB ENBRIDGE INC | Energy | 71.6K | $3.9M | 2.3% | +1.1% |
| FTS FORTIS INC | Utilities | 55.5K | $3.1M | 1.8% | -3.6% |
| EMA EMERA INC | Utilities | 57.1K | $2.9M | 1.7% | Held |
| TAC TRANSALTA CORP | Utilities | 222.6K | $2.9M | 1.7% | +6.9% |
| BNS BANK OF NOVA SCOTIA | Financials | 39.2K | $2.7M | 1.6% | +0.7% |
| PBA PEMBINA PIPELINE CORP | Energy | 51.8K | $2.3M | 1.4% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.6K | $2.2M | 1.3% | +62.4% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 48.8K | $2.2M | 1.3% | -11.8% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 19.4K | $2.0M | 1.2% | -2.2% |
| FNV FRANCO-NEVADA CORP | Materials | 6.5K | $1.6M | 1.0% | +0.9% |
| CLS CELESTICA INC | Technology | 5.4K | $1.5M | 0.9% | -12.9% |
| PRMB PRIMO BRANDS CORP | Consumer staples | 79.5K | $1.5M | 0.9% | Held |
| MSFT MICROSOFT CORP | Technology | 3.9K | $1.4M | 0.8% | -5.0% |
| AAPL APPLE INC | Technology | 5.5K | $1.4M | 0.8% | -6.7% |
| KGC KINROSS GOLD CORP | Materials | 42.1K | $1.3M | 0.8% | -12.2% |
| GOOG ALPHABET INC-CL C | Technology | 4.2K | $1.2M | 0.7% | -0.8% |
| BMO BANK OF MONTREAL | Financials | 8.6K | $1.2M | 0.7% | -0.2% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 11.5K | $1.1M | 0.6% | +1.9% |
| EFXT ENERFLEX LTD | Industrials | 50.8K | $1.1M | 0.6% | -1.0% |
| SU SUNCOR ENERGY INC | Energy | 15.8K | $1.0M | 0.6% | +521.7% |
| AEM AGNICO EAGLE MINES LTD | Materials | 5.0K | $1.0M | 0.6% | -0.7% |
| MFC MANULIFE FINANCIAL CORP | Financials | 29.3K | $1.0M | 0.6% | +0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 3.3K | $960K | 0.6% | +1.2% |
| ORLA ORLA MINING LTD | Materials | 55.8K | $895K | 0.5% | -16.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.8K | $685K | 0.4% | -3.1% |
| MGA MAGNA INTERNATIONAL INC | Industrials | 11.6K | $643K | 0.4% | +15.7% |
| GIL GILDAN ACTIVEWEAR INC | Other | 11.5K | $641K | 0.4% | +2.6% |
| CCJ CAMECO CORP | Materials | 5.9K | $635K | 0.4% | -0.2% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 15.7K | $603K | 0.4% | +1.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.8K | $573K | 0.3% | Held |
| BCE BCE INC | Communications | 22.7K | $570K | 0.3% | -6.6% |
| SLF SUN LIFE FINANCIAL INC | Financials | 7.3K | $454K | 0.3% | +1.3% |
| DOO BRP INC/CA- SUB VOTING | Industrials | 6.3K | $452K | 0.3% | -5.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 432 | $430K | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 2.4K | $376K | 0.2% | Held |
| WCN WASTE CONNECTIONS INC | Utilities | 2.3K | $374K | 0.2% | Held |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 5.1K | $373K | 0.2% | Held |
| AQN ALGONQUIN POWER & UTILITIES | Utilities | 60.5K | $369K | 0.2% | +150.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 2.5K | $361K | 0.2% | Held |
| TRI4EUR THOMSON REUTERS CORP | — | 3.7K | $335K | 0.2% | -0.2% |
| NTR NUTRIEN LTD | Other | 4.2K | $319K | 0.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.5K | $315K | 0.2% | +2.6% |
| META META PLATFORMS INC-CLASS A | Technology | 521 | $298K | 0.2% | Held |
| V VISA INC-CLASS A SHARES | Services media | 971 | $293K | 0.2% | -0.7% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 5.8K | $284K | 0.2% | +1.7% |
| SBUX STARBUCKS CORP | Consumer discretionary | 3.0K | $269K | 0.2% | -5.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 238 | $168.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 216 | $172.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 213 | $165.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 215 | $155.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 208 | $138.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 205 | $140.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 201 | $153.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 209 | $141.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 214 | $144.1M | canonical | SEC ↗ |
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