PICTON MAHONEY ASSET MANAGEMENT
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| ISHARES TR(Put) | 12,325,000 | 17,805,000 | +5,480,000 | 993,764,750 | 1,416,565,800 | — | +422,801,050 |
| ISHARES TR(Call) | 0 | 2,000,000 | +2,000,000 | 0 | 173,380,000 | — | +173,380,000 |
| SUNCOR ENERGY INC NEW(SU) | 954,786 | 2,874,698 | +1,919,912 | 42,437,595 | 190,192,682 | 1.98% | +147,755,087 |
| ISHARES TR(Call) | 0 | 2,400,000 | +2,400,000 | 0 | 136,296,000 | — | +136,296,000 |
| ISHARES TR(Put) MSCI USA MMENTM | 0 | 520,000 | +520,000 | 0 | 124,794,800 | — | +124,794,800 |
| CANADIAN NAT RES LTD MED TER(CNQ) | 4,666,597 | 5,381,403 | +714,806 | 158,286,789 | 262,549,934 | 2.74% | +104,263,145 |
| VANECK ETF TRUST(Call) GOLD MINERS ETF | 0 | 1,120,000 | +1,120,000 | 0 | 102,782,400 | — | +102,782,400 |
| TECK RESOURCES LTD(TECK)(Call) | 0 | 1,900,000 | +1,900,000 | 0 | 98,325,000 | — | +98,325,000 |
| SUN LIFE FINANCIAL INC(SLF) | 0 | 1,374,917 | +1,374,917 | 0 | 86,160,938 | 0.90% | +86,160,938 |
| INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT | 13,728 | 381,604 | +367,876 | 2,629,736 | 73,237,440 | 0.76% | +70,607,704 |
| AGNICO EAGLE MINES LTD(AEM) | 767,180 | 968,916 | +201,736 | 130,283,809 | 196,730,288 | 2.05% | +66,446,479 |
| INVESCO EXCH TRADED FD TR II | 161,621 | 951,612 | +789,991 | 11,542,972 | 69,600,902 | 0.73% | +58,057,930 |
| FRANCO NEV CORP(FNV) | 630,703 | 759,289 | +128,586 | 130,920,380 | 188,061,477 | 1.96% | +57,141,097 |
| SPDR SERIES TRUST(Call) ST STR SP REGBNK | 0 | 800,000 | +800,000 | 0 | 52,120,000 | — | +52,120,000 |
| INTUIT(INTU)(Call) | 0 | 120,000 | +120,000 | 0 | 51,885,600 | — | +51,885,600 |
| MICRON TECHNOLOGY INC(MU)(Call) | 0 | 150,000 | +150,000 | 0 | 50,676,000 | — | +50,676,000 |
| PAN AMERN SILVER CORP(PAAS) | 13,309 | 810,557 | +797,248 | 690,981 | 44,354,201 | 0.46% | +43,663,220 |
| AGNICO EAGLE MINES LTD(AEM)(Call) | 0 | 180,000 | +180,000 | 0 | 36,536,400 | — | +36,536,400 |
| MONGODB INC(MDB)(Call) | 0 | 145,000 | +145,000 | 0 | 35,491,650 | — | +35,491,650 |
| BANK MONTREAL MEDIUM | 12,983 | 237,936 | +224,953 | 1,688,455 | 32,236,932 | 0.34% | +30,548,477 |
| TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 30,120,000 | — | +30,120,000 |
| TORONTO DOMINION BK ONT(TD) | 3,396,972 | 3,746,718 | +349,746 | 320,609,805 | 350,020,567 | 3.65% | +29,410,762 |
| COGNEX CORP(CGNX)(Call) | 0 | 600,000 | +600,000 | 0 | 29,394,000 | — | +29,394,000 |
| LUMENTUM HLDGS INC(LITE) | 4,000,000 | 5,000,000 | +1,000,000 | 21,258,000 | 50,424,200 | 0.53% | +29,166,200 |
| CANADIAN PACIFIC KANSAS CITY(CP) | 2,252,702 | 2,479,436 | +226,734 | 166,082,888 | 195,170,676 | 2.03% | +29,087,788 |
| SALESFORCE INC(CRM)(Call) | 0 | 150,000 | +150,000 | 0 | 28,000,500 | — | +28,000,500 |
| KKR & CO INC(KKR)(Call) | 0 | 300,000 | +300,000 | 0 | 27,750,000 | — | +27,750,000 |
| PENUMBRA INC(PEN) | 0 | 80,000 | +80,000 | 0 | 26,269,600 | 0.27% | +26,269,600 |
| ANGLOGOLD ASHANTI PLC(AU) | 0 | 261,357 | +261,357 | 0 | 25,445,718 | 0.27% | +25,445,718 |
| SHOPIFY INC(SHOP)(Call) | 0 | 210,000 | +210,000 | 0 | 24,910,200 | — | +24,910,200 |
| ARES MANAGEMENT CORPORATION(ARES)(Call) | 0 | 220,000 | +220,000 | 0 | 24,002,000 | — | +24,002,000 |
| SMUCKER J M CO(SJM)(Call) | 0 | 240,000 | +240,000 | 0 | 23,145,600 | — | +23,145,600 |
| ENBRIDGE INC(ENB) | 2,666,336 | 2,780,513 | +114,177 | 127,771,162 | 150,651,941 | 1.57% | +22,880,779 |
| HOLOGIC INC(Put) | 0 | 300,000 | +300,000 | 0 | 22,677,000 | — | +22,677,000 |
| TECK RESOURCES LTD(TECK) | 995,750 | 1,349,983 | +354,233 | 47,738,262 | 69,862,858 | 0.73% | +22,124,596 |
| MOODYS CORP(MCO) | 738 | 50,782 | +50,044 | 377,007 | 22,153,648 | 0.23% | +21,776,641 |
| SERVICENOW INC(NOW)(Call) | 0 | 200,000 | +200,000 | 0 | 20,910,000 | — | +20,910,000 |
| HUDBAY MINERALS INC(HBM)(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 20,900,000 | — | +20,900,000 |
| CAMECO CORP(CCJ) | 481,834 | 597,374 | +115,540 | 44,182,312 | 64,853,330 | 0.68% | +20,671,018 |
| ATLASSIAN CORPORATION(Call) | 0 | 300,000 | +300,000 | 0 | 20,475,000 | — | +20,475,000 |
| IQVIA HLDGS INC(IQV)(Call) | 0 | 120,000 | +120,000 | 0 | 20,464,800 | — | +20,464,800 |
| COEUR MNG INC(CDE) | 0 | 1,079,102 | +1,079,102 | 0 | 20,248,330 | 0.21% | +20,248,330 |
| MARVELL TECHNOLOGY INC(MRVL)(Call) | 0 | 200,000 | +200,000 | 0 | 19,810,000 | — | +19,810,000 |
| CENTERRA GOLD INC(CGAU) | 0 | 1,100,036 | +1,100,036 | 0 | 19,513,833 | 0.20% | +19,513,833 |
| ISHARES TR(Put) | 0 | 200,000 | +200,000 | 0 | 19,426,000 | — | +19,426,000 |
| COHERENT CORP(COHR)(Call) | 0 | 80,000 | +80,000 | 0 | 19,056,800 | — | +19,056,800 |
| OR ROYALTIES INC(OR)(Call) | 0 | 500,000 | +500,000 | 0 | 19,010,000 | — | +19,010,000 |
| JPMORGAN CHASE & CO(JPM) | 59,508 | 127,375 | +67,867 | 19,174,668 | 37,468,630 | 0.39% | +18,293,962 |
| OVINTIV INC(OVV) | 0 | 297,560 | +297,560 | 0 | 17,663,162 | 0.18% | +17,663,162 |
| CENTURY ALUM CO(CENX) | 0 | 295,330 | +295,330 | 0 | 17,332,918 | 0.18% | +17,332,918 |
| MUELLER INDS INC(MLI)(Call) | 0 | 150,000 | +150,000 | 0 | 16,620,000 | — | +16,620,000 |
| MERCK & CO INC(MRK) | 0 | 135,203 | +135,203 | 0 | 16,263,569 | 0.17% | +16,263,569 |
| WILLIAMS COS INC(WMB) | 0 | 220,576 | +220,576 | 0 | 16,053,521 | 0.17% | +16,053,521 |
| BROOKFIELD RENEWABLE ENERGY PARTNERSHIP UNIT | 1,678,827 | 1,878,324 | +199,497 | 45,430,509 | 61,291,683 | 0.64% | +15,861,174 |
| TC ENERGY CORP(TRP) | 2,055,963 | 2,064,368 | +8,405 | 113,372,313 | 129,084,232 | 1.35% | +15,711,919 |
| OR ROYALTIES INC(OR) | 3,160,518 | 3,340,194 | +179,676 | 112,113,535 | 127,223,755 | 1.33% | +15,110,220 |
| SANDISK CORP(SNDK) | 42,176 | 39,496 | -2,680 | 10,011,739 | 25,093,389 | 0.26% | +15,081,650 |
| FORTUNA MNG CORP NOTE | 0 | 8,500,000 | +8,500,000 | 0 | 14,726,165 | 0.15% | +14,726,165 |
| WESTERN DIGITAL CORP(WDC) | 0 | 2,000,000 | +2,000,000 | 0 | 14,345,400 | 0.15% | +14,345,400 |
| BRAZE INC(BRZE)(Call) | 0 | 600,000 | +600,000 | 0 | 14,166,000 | — | +14,166,000 |
| CINTAS CORP(CTAS) | 0 | 82,857 | +82,857 | 0 | 14,014,433 | 0.15% | +14,014,433 |
| CARDINAL HEALTH INC(CAH) | 65,317 | 129,134 | +63,817 | 13,422,644 | 27,287,306 | 0.28% | +13,864,662 |
| ARCELLX INC COMMON STOCK | 0 | 120,000 | +120,000 | 0 | 13,778,400 | 0.14% | +13,778,400 |
| ADVANCED MICRO DEVICES INC(AMD) | 36,123 | 105,430 | +69,307 | 7,736,102 | 21,447,625 | 0.22% | +13,711,523 |
| MAGNA INTL INC(MGA) | 745,714 | 958,016 | +212,302 | 39,809,817 | 53,518,373 | 0.56% | +13,708,556 |
| JANUS HENDERSON GROUP PLC | 175,031 | 425,031 | +250,000 | 8,326,225 | 21,833,842 | 0.23% | +13,507,617 |
| CENOVUS ENERGY INC(CVE) | 6,824,438 | 4,867,402 | -1,957,036 | 115,614,933 | 128,798,730 | 1.34% | +13,183,797 |
| PACKAGING CORP AMER(PKG) | 5 | 61,282 | +61,277 | 1,031 | 13,005,266 | 0.14% | +13,004,235 |
| TERADYNE INC(TER) | 70,965 | 89,026 | +18,061 | 13,735,985 | 26,392,648 | 0.28% | +12,656,663 |
| SMUCKER J M CO(SJM) | 0 | 126,050 | +126,050 | 0 | 12,156,262 | 0.13% | +12,156,262 |
| EQUINOX GOLD CORP(EQX) | 0 | 5,000,000 | +5,000,000 | 0 | 12,089,900 | 0.13% | +12,089,900 |
| ADVANCED ENERGY INDS(AEIS) | 0 | 5,000,000 | +5,000,000 | 0 | 12,006,150 | 0.13% | +12,006,150 |
| TRADEWEB MKTS INC(TW) | 0 | 101,902 | +101,902 | 0 | 11,989,789 | 0.12% | +11,989,789 |
| HOLOGIC INC | 501,214 | 650,514 | +149,300 | 37,335,431 | 49,172,353 | 0.51% | +11,836,922 |
| PACCAR INC(PCAR) | 12 | 99,206 | +99,194 | 1,314 | 11,458,293 | 0.12% | +11,456,979 |
| CAE INC(CAE) | 957,687 | 1,554,416 | +596,729 | 29,164,925 | 40,528,600 | 0.42% | +11,363,675 |
| COTERRA ENERGY INC | 0 | 321,002 | +321,002 | 0 | 11,280,010 | 0.12% | +11,280,010 |
| CATERPILLAR INC(CAT) | 0 | 15,803 | +15,803 | 0 | 11,195,793 | 0.12% | +11,195,793 |
| TWILIO INC(TWLO) | 19 | 87,890 | +87,871 | 2,703 | 11,058,320 | 0.12% | +11,055,617 |
| SOUTHERN CO(SO) | 0 | 114,444 | +114,444 | 0 | 11,046,135 | 0.12% | +11,046,135 |
| AMPRIUS TECHNOLOGIES INC(AMPX)(Put) | 0 | 650,000 | +650,000 | 0 | 10,959,000 | — | +10,959,000 |
| LIVE NATION ENTERTAINMENT IN(LYV) | 3,000,000 | 10,000,000 | +7,000,000 | 4,366,500 | 15,249,300 | 0.16% | +10,882,800 |
| COGNEX CORP(CGNX) | 148,982 | 328,655 | +179,673 | 5,360,372 | 16,100,808 | 0.17% | +10,740,436 |
| COSTCO WHOLESALE CORPORATION(COST) | 424 | 10,998 | +10,574 | 365,632 | 10,958,737 | 0.11% | +10,593,105 |
| AMICUS THERAPEUTIC COM | 615,168 | 1,330,842 | +715,674 | 8,759,992 | 19,243,975 | 0.20% | +10,483,983 |
| WHEATON PRECIOUS METALS CORP(WPM) | 810,338 | 805,623 | -4,715 | 95,399,680 | 105,778,931 | 1.10% | +10,379,251 |
| WEBSTER FINL CORP(WBS) | 117,404 | 255,935 | +138,531 | 7,389,408 | 17,767,008 | 0.19% | +10,377,600 |
| AKAMAI TECHNOLOGIES INC(AKAM)(Call) | 0 | 90,000 | +90,000 | 0 | 10,336,500 | — | +10,336,500 |
| SEALED AIR CORP NEW | 771,800 | 1,003,539 | +231,739 | 31,975,674 | 42,198,815 | 0.44% | +10,223,141 |
| MASIMO CORP | 10,500 | 65,000 | +54,500 | 1,365,630 | 11,561,550 | 0.12% | +10,195,920 |
| FEDEX CORP(FDX) | 419 | 28,843 | +28,424 | 121,032 | 10,273,300 | 0.11% | +10,152,268 |
| ACTIVATE ENERGY ACQUISIT COR CL A ORD SHS | 0 | 1,025,000 | +1,025,000 | 0 | 10,137,250 | 0.11% | +10,137,250 |
| GRANITE CONSTR INC(GVA) | 4,000,000 | 10,000,000 | +6,000,000 | 6,400,000 | 16,429,400 | 0.17% | +10,029,400 |
| GENERAL PURP ACQUISITION COR USD CL A ORD SHS | 0 | 1,000,000 | +1,000,000 | 0 | 9,910,000 | 0.10% | +9,910,000 |
| COHERENT CORP(COHR) | 0 | 40,294 | +40,294 | 0 | 9,598,434 | 0.10% | +9,598,434 |
| ROGERS COMMUNICATIONS INC(RCI) | 2,797,253 | 2,992,163 | +194,910 | 105,737,775 | 115,108,018 | 1.20% | +9,370,243 |
| LPL FINL HLDGS INC(LPLA) | 35,413 | 73,050 | +37,637 | 12,648,461 | 21,975,632 | 0.23% | +9,327,171 |
| COLGATE PALMOLIVE CO(CL) | 0 | 108,372 | +108,372 | 0 | 9,236,546 | 0.10% | +9,236,546 |
| SOLARIS ENERGY INFRAS INC(SEI) | 0 | 163,385 | +163,385 | 0 | 9,232,886 | 0.10% | +9,232,886 |
| STATE STR SPDR DOW JONES IND(DIA)(Call) | 0 | 19,500 | +19,500 | 0 | 9,032,205 | — | +9,032,205 |