TD Waterhouse Canada Inc.
Long book
$33.71B
Q1 2026
Positions
2307
Top-10 weight
31%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsTD Waterhouse Canada Inc. is a mechanically diversified allocator, running a $33.71B US long book across 2307 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TORONTO-DOMINION BANK, ROYAL BANK OF CANADA, APPLE INC, ENBRIDGE INC, BANK OF MONTREAL.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 6 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
+0.1%
Q2 2024
+8.6%
Q3 2024
-0.9%
Q4 2024
-1.4%
Q1 2025
+11.8%
Q2 2025
+8.6%
Q3 2025
+4.2%
Q4 2025
+0.4%
Q1 2026
+11.4%
Sector allocation
Financials 29%
Technology 18%
Energy 10%
Industrials 9%
Utilities 7%
Materials 6%
Consumer discretionary 6%
Healthcare 4%
Long book by quarter
What does TD Waterhouse own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TD TORONTO-DOMINION BANK | Financials | 20.7M | $1.94B | 5.8% | +122.5% |
| RY ROYAL BANK OF CANADA | Financials | 11.9M | $1.93B | 5.7% | +119.1% |
| AAPL APPLE INC | Technology | 4.2M | $1.07B | 3.2% | +177.8% |
| ENB ENBRIDGE INC | Energy | 16.0M | $853.7M | 2.5% | +118.2% |
| BMO BANK OF MONTREAL | Financials | 6.2M | $848.6M | 2.5% | +168.8% |
| NVDA NVIDIA CORP | Technology | 4.7M | $822.2M | 2.4% | +227.1% |
| MSFT MICROSOFT CORP | Technology | 2.2M | $794.9M | 2.4% | +123.9% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 8.1M | $777.1M | 2.3% | +141.7% |
| AEM AGNICO EAGLE MINES LTD | Materials | 3.7M | $766.7M | 2.3% | +245.7% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 16.1M | $739.5M | 2.2% | +138.9% |
| SU SUNCOR ENERGY INC | Energy | 11.4M | $727.4M | 2.2% | +163.4% |
| BNS BANK OF NOVA SCOTIA | Financials | 9.7M | $675.7M | 2.0% | +107.6% |
| TRP TC ENERGY CORP | Utilities | 10.3M | $635.2M | 1.9% | +114.5% |
| MFC MANULIFE FINANCIAL CORP | Financials | 16.7M | $580.5M | 1.7% | +142.1% |
| BN BROOKFIELD CORP | Real estate | 13.7M | $551.6M | 1.6% | +124.6% |
| JPM JPMORGAN CHASE & CO | Financials | 1.9M | $551.6M | 1.6% | +91.4% |
| FTS FORTIS INC | Utilities | 9.3M | $516.2M | 1.5% | +81.1% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 6.2M | $477.6M | 1.4% | +261.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.2M | $464.2M | 1.4% | +88.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.5M | $432.7M | 1.3% | +82.6% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 4.2M | $429.6M | 1.3% | +111.4% |
| GOOGL ALPHABET INC-CL A | Technology | 1.4M | $418.7M | 1.2% | +122.1% |
| NTR NUTRIEN LTD | Other | 5.4M | $397.8M | 1.2% | +129.1% |
| AVGO BROADCOM INC | Technology | 1.1M | $354.5M | 1.1% | +194.4% |
| V VISA INC-CLASS A SHARES | Services media | 1.2M | $351.5M | 1.0% | +72.7% |
| SLF SUN LIFE FINANCIAL INC | Financials | 5.5M | $345.9M | 1.0% | +152.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 337.0K | $335.4M | 1.0% | +80.7% |
| TU TELUS CORP | Communications | 20.4M | $263.9M | 0.8% | +121.5% |
| B BARRICK MINING CORP | Materials | 6.3M | $263.0M | 0.8% | +578.3% |
| META META PLATFORMS INC-CLASS A | Technology | 453.8K | $262.1M | 0.8% | +139.3% |
| CVE CENOVUS ENERGY INC | Energy | 9.7M | $248.6M | 0.7% | +121.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 976.1K | $237.9M | 0.7% | +124.6% |
| EMA EMERA INC | Utilities | 4.6M | $235.3M | 0.7% | +128.7% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 4.7M | $206.1M | 0.6% | +220.4% |
| FNV FRANCO-NEVADA CORP | Materials | 777.4K | $193.9M | 0.6% | +173.4% |
| HD HOME DEPOT INC | Consumer discretionary | 572.7K | $188.3M | 0.6% | +96.0% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 1.3M | $182.4M | 0.5% | +80.7% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 4.8M | $179.0M | 0.5% | +94.9% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 2.4M | $173.5M | 0.5% | +142.4% |
| LLY ELI LILLY & CO | Healthcare | 176.4K | $168.2M | 0.5% | +88.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 341.5K | $163.2M | 0.5% | +13.7% |
| XOM EXXON MOBIL CORP | Energy | 960.1K | $154.1M | 0.5% | +353.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 917.2K | $148.3M | 0.4% | +201.6% |
| WMT WALMART INC | Consumer discretionary | 1.2M | $144.6M | 0.4% | +27.7% |
| GEV GE VERNOVA INC | Industrials | 160.1K | $143.0M | 0.4% | +282.5% |
| GE GENERAL ELECTRIC | Industrials | 486.4K | $142.2M | 0.4% | +107.1% |
| SHOP SHOPIFY INC - CLASS A | Technology | 1.2M | $140.9M | 0.4% | +132.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 449.3K | $137.9M | 0.4% | +48.3% |
| C CITIGROUP INC | Financials | 1.2M | $135.3M | 0.4% | +74.7% |
| WCN WASTE CONNECTIONS INC | Utilities | 833.4K | $134.4M | 0.4% | +128.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 2307 | $33.71B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 2042 | $16.08B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 2064 | $15.35B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 1992 | $13.96B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 1949 | $12.22B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1972 | $12.40B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1914 | $12.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Nov 12, 2024 | 1909 | $11.16B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 1894 | $14.83B | SEC ↗ | |
| Q1 2024 | 13F-HR | May 10, 2024 | 1771 | $13.35B | canonical | SEC ↗ |
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