PCJ Investment Counsel Ltd. reported 48 positions worth $274.00M for the quarter ended Jun 30, 2026, down 1.8% on the prior quarter. It opened 6 new positions, added to 20, trimmed 22 and exited 4. Its largest holding is Brookfield Business Corp at 8.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| BNS Bank Of Nova Scotia | +92.6K | +1,374.0% | $8.03M | 3.14% |
| HBM Hudbay Minerals Inc. | +313.6K | +194.0% | $7.40M | 4.09% |
| TRI Thomson Reuters Corp | +41.0K | – | $3.35M | 1.22% |
| BN BROOKFIELD Corp | +73.7K | +73.0% | $3.14M | 2.72% |
| ALM Almonty Industries Inc. | +166.6K | +83.3% | $2.75M | 2.21% |
| CLS Celestica Inc | +7,278 | +77.6% | $2.66M | 2.22% |
| GFR Greenfire Resources Ltd. | +444.7K | – | $2.51M | 0.917% |
| KNX Knight-Swift Transportation Holdings Inc. | +28.7K | +64.4% | $2.24M | 2.08% |
| FNV FRANCO NEVADA Corp | +10.6K | – | $2.22M | 0.809% |
| BTE Baytex Energy Corp. | +528.8K | +18.8% | $2.12M | 4.88% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CAE Cae Inc | -443.6K | -56.7% | $11.10M | 3.1% |
| GFL GFL Environmental Inc. | -187.8K | -100.0% | $7.84M | Exited |
| TGB Trekor Metals Ltd | -1.02M | -100.0% | $6.59M | Exited |
| BBUC Brookfield Business Corp | -197.8K | -20.2% | $5.91M | 8.51% |
| TFII TFI International Inc. | -16.4K | -45.6% | $2.36M | 1.03% |
| EQX Equinox Gold Corp. | -225.7K | -40.6% | $2.20M | 1.17% |
| CVNA Carvana Co. | -32.5K | -100.0% | $2.04M | Exited |
| CVE Cenovus Energy Inc. | -74.1K | -16.7% | $1.84M | 3.35% |
| ARIS Aris Mining Corp | -108.6K | -41.8% | $1.62M | 0.822% |
| AGI Alamos Gold Inc | -33.8K | -100.0% | $1.50M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| TRI Thomson Reuters Corp | +41.0K | $3.35M | 1.22% |
| GFR Greenfire Resources Ltd. | +444.7K | $2.51M | 0.917% |
| FNV FRANCO NEVADA Corp | +10.6K | $2.22M | 0.809% |
| TSAT Telesat Corp | +31.2K | $1.58M | 0.577% |
| SSMR Sunshine Silver Mining & Refining Co | +100.0K | $1.32M | 0.482% |
| DCBO Docebo Inc. | +65.5K | $1.17M | 0.427% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | BBUC Brookfield Business Corp | Industrials | 781.1K | $23.32M | 8.51% | -197.8K | -20.2% | Reduced | 0.9% |
| 2 | RY Royal Bank Of Canada | Financial Services | 81.1K | $16.78M | 6.12% | -2,740 | -3.3% | Reduced | 0.01% |
| 3 | TD Toronto Dominion Bank | Financial Services | 111.1K | $13.49M | 4.93% | -10.8K | -8.8% | Reduced | 0.01% |
| 4 | BTE Baytex Energy Corp. | Energy | 3.33M | $13.37M | 4.88% | +528.8K | +18.8% | Added | 0.43% |
| 5 | CRH Crh Public Ltd Co | Basic Materials | 107.4K | $11.49M | 4.19% | -5,363 | -4.8% | Reduced | 0.02% |
| 6 | HBM Hudbay Minerals Inc. | Basic Materials | 475.2K | $11.21M | 4.09% | +313.6K | +194.0% | Added | 0.12% |
| 7 | BIP Brookfield Infrastructure Partners L.P. | Industrials | 296.0K | $10.80M | 3.94% | +2,826 | +1.0% | Added | 0.05% |
| 8 | CVE Cenovus Energy Inc. | Energy | 368.8K | $9.17M | 3.35% | -74.1K | -16.7% | Reduced | 0.02% |
| 9 | SHOP Shopify Inc. | Technology | 77.2K | $8.82M | 3.22% | +2,310 | +3.1% | Added | 0.01% |
| 10 | BNS Bank Of Nova Scotia | Others | 99.4K | $8.61M | 3.14% | +92.6K | +1,374.0% | Added | 0.01% |
| 11 | CAE Cae Inc | Industrials | 339.1K | $8.48M | 3.1% | -443.6K | -56.7% | Reduced | 0.11% |
| 12 | BMO Bank Of Montreal | Financial Services | 46.8K | $8.25M | 3.01% | +3,480 | +8.0% | Added | 0.01% |
| 13 | DNN Denison Mines Corp. | Others | 2.44M | $7.49M | 2.73% | -215.0K | -8.1% | Reduced | 0.27% |
| 14 | BN BROOKFIELD Corp | Financial Services | 174.8K | $7.45M | 2.72% | +73.7K | +73.0% | Added | 0.01% |
| 15 | ENB Enbridge Inc | Energy | 127.8K | $6.92M | 2.53% | +4,210 | +3.4% | Added | 0.01% |
Tip. Select a row to see that position’s full history at PCJ Investment Counsel.
As of its Q2 2026 13F filing, PCJ Investment Counsel Ltd.’s five largest positions were Brookfield Business Corp (BBUC) at 8.5%, Royal Bank Of Canada (RY) at 6.1%, Toronto Dominion Bank (TD) at 4.9%, Baytex Energy Corp. (BTE) at 4.9%, Crh Public Ltd Co (CRH) at 4.2% of the reported portfolio.
PCJ Investment Counsel Ltd. reported a 13F portfolio worth $274.00M across 48 positions for Q2 2026. That is down 1.8% from the previous quarter.
Its largest purchases by value were Bank Of Nova Scotia ($8.03M), Hudbay Minerals Inc. ($7.40M), Thomson Reuters Corp ($3.35M). It opened 6 new positions.
Its largest sales by value were Cae Inc ($11.10M), GFL Environmental Inc. ($7.84M), Trekor Metals Ltd ($6.59M). It exited 4 positions entirely.
From the Form 13F-HR reports PCJ Investment Counsel Ltd. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.