TD Asset Management Inc
Long book
$123.25B
Q1 2026
Positions
1230
Top-10 weight
26%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsTD Asset Management Inc is a mechanically diversified allocator, running a $123.25B US long book across 1230 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, ROYAL BANK OF CANADA, APPLE INC, TORONTO-DOMINION BANK, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 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
+1.3%
Q2 2024
+7.4%
Q3 2024
+0.1%
Q4 2024
-2.7%
Q1 2025
+11.1%
Q2 2025
+7.9%
Q3 2025
+3.1%
Q4 2025
-0.9%
Q1 2026
+11.7%
Sector allocation
Technology 25%
Financials 21%
Industrials 10%
Energy 8%
Healthcare 7%
Consumer discretionary 7%
Materials 6%
Utilities 5%
Long book by quarter
What does TD Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 29.1M | $5.07B | 4.1% | +3.8% |
| RY ROYAL BANK OF CANADA | Financials | 30.4M | $4.90B | 4.0% | -2.1% |
| AAPL APPLE INC | Technology | 16.4M | $4.16B | 3.4% | -3.6% |
| TD TORONTO-DOMINION BANK | Financials | 37.7M | $3.51B | 2.8% | +0.2% |
| MSFT MICROSOFT CORP | Technology | 8.8M | $3.24B | 2.6% | -6.3% |
| BMO BANK OF MONTREAL | Financials | 19.1M | $2.58B | 2.1% | -1.5% |
| GOOGL ALPHABET INC-CL A | Technology | 7.7M | $2.20B | 1.8% | +9.3% |
| ENB ENBRIDGE INC | Energy | 39.7M | $2.14B | 1.7% | +1.0% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 22.6M | $2.14B | 1.7% | -0.4% |
| AVGO BROADCOM INC | Technology | 6.6M | $2.04B | 1.7% | -6.8% |
| AEM AGNICO EAGLE MINES LTD | Materials | 9.8M | $1.98B | 1.6% | +1.0% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 39.9M | $1.94B | 1.6% | +5.3% |
| SU SUNCOR ENERGY INC | Energy | 25.5M | $1.68B | 1.4% | +10.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.8M | $1.62B | 1.3% | -5.8% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 18.8M | $1.48B | 1.2% | +1.2% |
| BN BROOKFIELD CORP | Real estate | 36.2M | $1.46B | 1.2% | +1.2% |
| META META PLATFORMS INC-CLASS A | Technology | 2.5M | $1.43B | 1.2% | -13.2% |
| MFC MANULIFE FINANCIAL CORP | Financials | 40.7M | $1.40B | 1.1% | +6.7% |
| TRP TC ENERGY CORP | Utilities | 21.7M | $1.35B | 1.1% | +3.9% |
| BNS BANK OF NOVA SCOTIA | Financials | 19.2M | $1.33B | 1.1% | +2.7% |
| JPM JPMORGAN CHASE & CO | Financials | 4.4M | $1.29B | 1.0% | -11.3% |
| GOOG ALPHABET INC-CL C | Technology | 4.4M | $1.26B | 1.0% | +3.3% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 12.1M | $1.24B | 1.0% | +6.7% |
| SHOP SHOPIFY INC - CLASS A | Technology | 9.6M | $1.13B | 0.9% | +9.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.6M | $1.12B | 0.9% | +192.9% |
| LLY ELI LILLY & CO | Healthcare | 1.2M | $1.09B | 0.9% | +0.5% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 7.4M | $965.3M | 0.8% | +1.3% |
| XOM EXXON MOBIL CORP | Energy | 5.6M | $950.3M | 0.8% | +17.0% |
| V VISA INC-CLASS A SHARES | Services media | 3.1M | $945.3M | 0.8% | -1.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 937.2K | $933.9M | 0.8% | +24.6% |
| B BARRICK MINING CORP | Materials | 21.6M | $881.4M | 0.7% | +6.1% |
| SLF SUN LIFE FINANCIAL INC | Financials | 14.0M | $875.7M | 0.7% | -8.6% |
| ABBV ABBVIE INC | Healthcare | 3.9M | $852.6M | 0.7% | -5.8% |
| FTS FORTIS INC | Utilities | 13.4M | $747.1M | 0.6% | -0.7% |
| NTR NUTRIEN LTD | Other | 9.3M | $696.9M | 0.6% | +3.7% |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.3M | $682.3M | 0.6% | -4.5% |
| LRCX LAM RESEARCH CORP | Industrials | 3.1M | $653.1M | 0.5% | +94.6% |
| WCN WASTE CONNECTIONS INC | Utilities | 4.0M | $652.8M | 0.5% | +4.8% |
| GEV GE VERNOVA INC | Industrials | 740.7K | $646.6M | 0.5% | -1.9% |
| MCK MCKESSON CORP | Consumer discretionary | 710.4K | $614.8M | 0.5% | -5.7% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 13.4M | $594.1M | 0.5% | -15.0% |
| TSLA TESLA INC | Industrials | 1.5M | $572.2M | 0.5% | +3.2% |
| KLAC KLA CORP | Other | 373.1K | $549.3M | 0.4% | -9.9% |
| CCJ CAMECO CORP | Materials | 4.8M | $519.2M | 0.4% | +9.6% |
| AXP AMERICAN EXPRESS CO | Financials | 1.7M | $513.6M | 0.4% | -15.0% |
| HWM HOWMET AEROSPACE INC | Industrials | 2.1M | $492.8M | 0.4% | -11.9% |
| CW CURTISS-WRIGHT CORP | Industrials | 710.2K | $483.8M | 0.4% | -8.3% |
| TU TELUS CORP | Communications | 37.5M | $480.1M | 0.4% | +2.1% |
| FNV FRANCO-NEVADA CORP | Materials | 1.9M | $478.2M | 0.4% | -1.1% |
| GILD GILEAD SCIENCES INC | Healthcare | 3.4M | $470.0M | 0.4% | +0.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 1702 | $123.25B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 1686 | $124.30B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 1695 | $123.13B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 1647 | $117.16B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 1680 | $108.64B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 1702 | $113.03B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 1845 | $113.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 1809 | $107.23B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 1834 | $107.49B | canonical | SEC ↗ |
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