Q3 2026 13F · SEC CIK 1569411

Addenda Capital Inc.

Institutional asset managerFiled 2026-10-13 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $3.8B
Reported positions: 131
Top holdings a year, 3 yrs: +22.9%
Assets under management: $29.0B

Addenda Capital Inc. is an institutional asset manager that reported 131 positions worth $3.8B in its Q3 2026 13F, filed 2026-10-13. Its largest holdings were Toronto Dominion Bk Ont (TD, 5.6%), Royal Bk Cda (RY, 5.2%), Shopify Inc (SHOP, 4.4%). A portfolio copying its top holdings returned 22.9% a year over the last 3 years, against 20.4% for the S&P 500.

Addenda Capital Inc. holdings largest 50 of 131 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Addenda Capital Inc. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
TDToronto Dominion Bk Ont	5.6%	6.1%	1,258,376	-2.8%	$210.6M
RYRoyal Bk Cda	5.2%	6.0%	698,990	-6.9%	$195.7M
SHOPShopify Inc	4.4%	3.5%	795,929	-0.3%	$167.9M
SUSuncor Energy Inc New	4.0%	1.6%	1,561,258	+99.0%	$150.7M
BNSBank Nova Scotia B C	3.7%	3.6%	1,076,098	-0.5%	$139.3M
BMOBank of Montreal	3.4%	4.3%	534,853	-14.4%	$127.3M
CNQCanadian Nat Res Ltd Med Ter	3.3%	2.8%	1,851,854	+1.5%	$125.1M
AEMAgnico Eagle Mines Ltd	3.2%	2.4%	462,274	+17.8%	$120.5M
BNBrookfield Corp	3.0%	3.6%	2,169,417	-0.5%	$112.6M
ENBEnbridge Inc	2.9%	3.3%	1,627,776	+4.4%	$107.7M
CPCanadian Pacific Kansas City	2.8%	2.8%	869,211	+4.4%	$105.6M
CNICanadian Natl Ry Co	2.5%	2.5%	563,835	+2.7%	$95.5M
WPMWheaton Precious Metals Corp	2.4%	1.6%	479,688	+27.3%	$91.2M
CCJCameco Corp	2.4%	2.8%	721,562	-0.0%	$89.0M
MSFTMicrosoft Corp	2.1%	1.3%	153,377	+18.2%	$78.7M
NVDANvidia Corporation	2.0%	1.4%	333,029	+26.3%	$76.1M
AAPLApple Inc	1.9%	1.7%	212,988	-3.3%	$70.9M
TRPTc Energy Corp	1.9%	2.2%	846,047	-0.3%	$70.5M
GOOGAlphabet Inc	1.7%	1.7%	185,508	+6.7%	$63.2M
FNVFranco Nev Corp	1.6%	1.2%	175,920	+22.2%	$59.6M
MFCManulife Finl Corp	1.6%	1.5%	974,111	+2.2%	$59.1M
AVGOBroadcom Inc	1.4%	1.7%	146,998	-11.7%	$51.6M
CLSCelestica Inc	1.3%	1.0%	94,102	+37.3%	$48.4M
AMZNAmazon Com Inc	1.3%	1.2%	189,574	+5.3%	$47.3M
BIPBrookfield Infrastructure Pa	1.0%	1.1%	779,772	+0.3%	$39.5M
CMCanadian Imperial Bank of Co	1.0%	1.3%	248,299	-16.1%	$39.2M
PBAPembina Pipeline Corp	1.0%	1.1%	608,147	+0.2%	$38.6M
HBMHudbay Minerals Inc	1.0%	1.7%	991,648	-47.0%	$37.7M
VVisa Inc	1.0%	0.9%	101,936	+4.4%	$36.6M
APHAmphenol Corp	0.9%	0.9%	410,011	+113.7%	$34.6M
FFIVF5 Inc	0.9%	0.8%	76,551	+5.7%	$34.1M
WCNWaste Connections Inc	0.9%	1.2%	151,990	-19.2%	$33.3M
QSRRestaurant Brands Intl Inc	0.8%	0.9%	310,113	-0.7%	$31.7M
WABWabtec	0.8%	0.7%	98,682	+1.0%	$28.3M
JPMJpmorgan Chase & Co	0.7%	0.8%	84,363	-3.2%	$27.9M
TMOThermo Fisher Scientific Inc	0.7%	0.5%	40,977	+4.9%	$27.7M
PANWPalo Alto Networks Inc	0.7%	0.5%	68,047	+26.7%	$27.0M
TFIITfi International Inc	0.7%	0.7%	143,431	+21.0%	$24.6M
TJXTjx Cos Inc New	0.6%	0.7%	171,311	+6.8%	$22.7M
BKNGBooking Holdings Inc	0.6%	0.6%	132,624	+7.4%	$21.6M
CIGIColliers Intl Group Inc.	0.6%	0.6%	165,458	-1.0%	$21.1M
SCHWCharles Schwab Corp (the)	0.6%	0.5%	213,798	+5.5%	$20.9M
STESteris PLC	0.5%	0.4%	94,369	+20.8%	$19.8M
LINLinde PLC	0.5%	0.5%	40,077	+5.8%	$19.0M
SPGIS&p Global Inc	0.5%	—	45,884	—	$18.1M
URIUnited Rentals Inc	0.5%	0.5%	17,820	+5.8%	$17.8M
COSTCostco Wholesale Corporation	0.5%	—	18,711	—	$17.0M
BCEBce Inc	0.4%	—	565,120	—	$16.6M
BAMBrookfield Asset Managmt Ltd	0.4%	0.5%	258,787	-0.4%	$16.4M
CAECae Inc	0.4%	—	475,555	—	$16.3M

What Addenda Capital Inc. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

APH Amphenol Corp+113.7% shares
SU Suncor Energy Inc New+99.0% shares
CLS Celestica Inc+37.3% shares
WPM Wheaton Precious Metals Corp+27.3% shares
PANW Palo Alto Networks Inc+26.7% shares
NVDA Nvidia Corporation+26.3% shares
FNV Franco Nev Corp+22.2% shares
TFII Tfi International Inc+21.0% shares

Reduced

HBM Hudbay Minerals Inc-47.0% shares
WCN Waste Connections Inc-19.2% shares
CM Canadian Imperial Bank of Co-16.1% shares
BMO Bank of Montreal-14.4% shares
AVGO Broadcom Inc-11.7% shares
RY Royal Bk Cda-6.9% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +32.6% /yr; S&P 500 +20.1%
3 years: +22.9% /yr; S&P 500 +20.4%
5 years: +9.2% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$3.8B	131
Q2 2026	$3.7B	128
Q1 2026	$3.6B	129
Q4 2025	$3.4B	125
Q3 2025	$3.4B	126
Q2 2025	$2.8B	120
Q1 2025	$2.7B	123
Q4 2024	$2.8B	123
Q3 2024	$2.8B	125
Q2 2024	$2.6B	128
Q1 2024	$2.6B	131
Q4 2023	$2.6B	130

Questions about Addenda Capital Inc.'s portfolio

What stocks does Addenda Capital Inc. own?

Addenda Capital Inc.'s latest 13F, for Q3 2026 and filed Oct 13, 2026, lists 131 positions worth $3.8B. The largest are Toronto Dominion Bk Ont (TD) at 5.6%, Royal Bk Cda (RY) at 5.2%, Shopify Inc (SHOP) at 4.4%, Suncor Energy Inc New (SU) at 4.0% and Bank Nova Scotia B C (BNS) at 3.7%.

What did Addenda Capital Inc. buy last quarter?

In Q3 2026, Addenda Capital Inc. added Amphenol Corp (APH) (+113.7% shares), Suncor Energy Inc New (SU) (+99.0% shares) and Celestica Inc (CLS) (+37.3% shares), compared with its Q2 2026 filing.

What did Addenda Capital Inc. sell last quarter?

In Q3 2026, Addenda Capital Inc. cut from its top 50 Kinross Gold Corp (KGC), cut from its top 50 Alamos Gold Inc (AGI), cut from its top 50 Emera Inc (EMA), cut from its top 50 Caterpillar Inc (CAT), Hudbay Minerals Inc (HBM) (-47.0% shares), Waste Connections Inc (WCN) (-19.2% shares) and Canadian Imperial Bank of Co (CM) (-16.1% shares), compared with its Q2 2026 filing.

How has Addenda Capital Inc.'s portfolio performed?

A portfolio copying Addenda Capital Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +32.6% against +20.1%. Over 5 years: +9.2% a year against +11.6%.

When is Addenda Capital Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Addenda Capital Inc.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Addenda Capital Inc. manage?

Addenda Capital Inc. reported $29.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.8B.