Fund HoldingsPICTON MAHONEY ASSET MANAGEMENT

Total Portfolio Value
$12.91B
Total Bought
$10.49B
Total Sold
$2.00B
Net Transaction
+$8.49B
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ISHARES TR(Put)012,325,000+12,325,0000993,765+993,765
ISHARES TR(Call)07,500,000+7,500,0000604,725+604,725
ISHARES TR(Call)05,000,000+5,000,0000550,950+550,950
ISHARES TR(Put)05,000,000+5,000,0000550,950+550,950
ROYAL BK CDA(RY)2,577,5932,652,043+74,450380452,7543.51%+452,375
TORONTO DOMINION BK ONT(TD)03,396,972+3,396,9720320,6102.48%+320,610
SHOPIFY INC(SHOP)1,731,0481,932,932+201,884257311,6692.41%+311,412
ISHARES TR(Put)01,200,000+1,200,0000295,392+295,392
ISHARES TR(Put)02,500,000+2,500,0000240,400+240,400
BROOKFIELD CORP(BN)2,629,0233,613,638+984,615180166,1531.29%+165,973
CANADIAN PACIFIC KANSAS CITY(CP)02,252,702+2,252,7020166,0831.29%+166,083
CANADIAN NAT RES LTD(CNQ)04,666,597+4,666,5970158,2871.23%+158,287
NVIDIA CORPORATION(NVDA)0802,128+802,1280149,5971.16%+149,597
BARRICK MNG CORP(B)1,577,3593,423,022+1,845,66352149,3221.16%+149,270
FRANCO NEV CORP(FNV)591,206630,703+39,497132130,9201.01%+130,789
AGNICO EAGLE MINES LTD(AEM)1,017,406767,180-250,226171130,2841.01%+130,112
ENBRIDGE INC(ENB)02,666,336+2,666,3360127,7710.99%+127,771
ALPHABET INC(GOOG)330,696382,808+52,11280119,8190.93%+119,739
CENOVUS ENERGY INC(CVE)6,389,7036,824,438+434,735108115,6150.90%+115,506
TC ENERGY CORP(TRP)2,037,0102,055,963+18,953111113,3720.88%+113,262
WASTE CONNECTIONS INC(WCN)0641,243+641,2430112,6210.87%+112,621
APPLE INC(AAPL)420,307413,092-7,215107112,3030.87%+112,196
OR ROYALTIES INC(OR)3,109,6363,160,518+50,882125112,1140.87%+111,989
MICROSOFT CORP(MSFT)266,830227,053-39,777138109,8070.85%+109,669
ROGERS COMMUNICATIONS INC(RCI)2,673,6252,797,253+123,62892105,7380.82%+105,646
HUDBAY MINERALS INC(HBM)6,350,4825,034,287-1,316,19596100,0900.78%+99,994
VANGUARD INDEX FDS406,324547,312+140,9887197,0770.75%+97,006
WHEATON PRECIOUS METALS CORP(WPM)461,195810,338+349,1435295,4000.74%+95,348
CANADIAN IMPERIAL BANK OF CO(CM)1,477,258994,736-482,52211890,3060.70%+90,188
CELESTICA INC(CLS)0285,710+285,710084,6340.66%+84,634
IAMGOLD CORP(IAG)3,893,4225,028,974+1,135,5525083,1060.64%+83,056
BOYD GROUP SERVICES INC(BGSI)0509,542+509,542081,2780.63%+81,278
AMAZON COM INC(AMZN)0342,697+342,697079,1010.61%+79,101
CELESTICA INC(CLS)(Call)0240,000+240,000070,946+70,946
GILDAN ACTIVEWEAR INC(GIL)01,126,550+1,126,550070,5130.55%+70,513
CYBERARK SOFTWARE LTD152,257158,005+5,7487470,4800.55%+70,406
MANULIFE FINL CORP(MFC)01,896,152+1,896,152068,9500.53%+68,950
BROOKFIELD INFRAST PARTNERS
LP INT UNIT
1,768,7341,842,718+73,9845864,1440.50%+64,085
BROADCOM INC(AVGO)0181,673+181,673062,8770.49%+62,877
ELECTRONIC ARTS INC(EA)75,000282,500+207,5001557,7230.45%+57,708
BOSTON SCIENTIFIC CORP(BSX)(Call)0600,000+600,000057,210+57,210
COLLIERS INTL GROUP INC(CIGI)349,231375,697+26,4665555,2990.43%+55,244
ZILLOW GROUP INC(Z)(Call)0780,000+780,000053,212+53,212
SNOWFLAKE INC(SNOW)(Call)0240,000+240,000052,646+52,646
BRP INC(DOO)323,147700,057+376,9102049,5690.38%+49,550
DOORDASH INC(DASH)(Call)0216,000+216,000048,920+48,920
FIRSTSERVICE CORP NEW0307,346+307,346047,8640.37%+47,864
TECK RESOURCES LTD(TECK)0995,750+995,750047,7380.37%+47,738
BCE INC(BCE)587,4881,963,939+1,376,4511446,9130.36%+46,899
BROOKFIELD RENEWABLE PARTNER
PARTNERSHIP UNIT
1,070,6391,678,827+608,1882845,4310.35%+45,403
ELI LILLY & CO(LLY)041,372+41,372044,4620.34%+44,462
CAMECO CORP(CCJ)0481,834+481,834044,1820.34%+44,182
DESCARTES SYS GROUP INC(DSGX)0496,483+496,483043,6170.34%+43,617
SUNCOR ENERGY INC NEW(SU)627,313954,786+327,4732642,4380.33%+42,411
META PLATFORMS INC(META)064,020+64,020042,2590.33%+42,259
AIR LEASE CORP
CL A
200,000642,725+442,7251341,2820.32%+41,269
CAPITAL ONE FINL CORP(COF)165,686170,385+4,6993541,2950.32%+41,259
BANK AMERICA CORP0740,139+740,139040,7080.32%+40,708
EXACT SCIENCES CORP(EXK)0400,000+400,000040,6240.31%+40,624
MAGNA INTL INC(MGA)0745,714+745,714039,8100.31%+39,810
ORACLE CORP(ORCL)(Call)0200,000+200,000038,982+38,982
DAYFORCE INC0550,000+550,000038,0380.29%+38,038
HOLOGIC INC0501,214+501,214037,3350.29%+37,335
SSR MINING IN(SSRM)2,081,8641,696,496-385,3685137,2440.29%+37,193
ROCKET COS INC(RKT)1,694,8381,916,932+222,0943337,1120.29%+37,079
MORGAN STANLEY(MS)0205,008+205,008036,3950.28%+36,395
SCHWAB CHARLES CORP(SCHW)0358,351+358,351035,8030.28%+35,803
BOSTON SCIENTIFIC CORP(BSX)0369,905+369,905035,2700.27%+35,270
KKR & CO INC(KKR)0274,575+274,575035,0030.27%+35,003
SPDR SERIES TRUST
ST STR SP REGBNK
0534,159+534,159034,6190.27%+34,619
CANADIAN NATL RY CO(CNI)0344,448+344,448034,1150.26%+34,115
COSTAR GROUP INC(CSGP)(Call)0500,000+500,000033,620+33,620
CHART INDS INC160,323157,979-2,3443232,5800.25%+32,548
SEALED AIR CORP NEW0771,800+771,800031,9760.25%+31,976
AVIDITY BIOSCIENCES INC0425,000+425,000030,6550.24%+30,655
WALMART INC(WMT)0274,867+274,867030,6230.24%+30,623
MONGODB INC(MDB)103,25572,421-30,8343230,3940.24%+30,362
AVIDITY BIOSCIENCES INC(Put)0414,400+414,400029,891+29,891
CAE INC(CAE)0957,687+957,687029,1650.23%+29,165
THOMSON REUTERS CORP(TRI)0218,799+218,799028,9150.22%+28,915
INVESCO EXCHANGE TRADED FD T(Call)
S&P500 EQL WGT
0150,000+150,000028,734+28,734
TAIWAN SEMICONDUCTOR MFG LTD(TSM)092,634+92,634028,1510.22%+28,151
TPG INC(TPG)423,584440,521+16,9372428,1230.22%+28,099
TJX COS INC NEW(TJX)0182,795+182,795028,0790.22%+28,079
INTUITIVE SURGICAL INC048,586+48,586027,5170.21%+27,517
HOWMET AEROSPACE INC(HWM)0132,595+132,595027,1850.21%+27,185
SPOTIFY TECHNOLOGY S A(SPOT)046,680+46,680027,1080.21%+27,108
RBC BEARINGS INC(RBC)060,433+60,433027,1000.21%+27,100
SPROTT INC(SII)275,478274,262-1,2162326,9020.21%+26,879
THERMO FISHER SCIENTIFIC INC(TMO)35,07745,459+10,3821726,3410.20%+26,324
MUELLER INDS INC(MLI)0228,022+228,022026,1770.20%+26,177
NORFOLK SOUTHN CORP(NSC)80,00090,000+10,0002425,9850.20%+25,961
DAYFORCE INC(Put)0375,000+375,000025,935+25,935
UNITED RENTALS INC(URI)30,44531,360+9152925,3800.20%+25,351
XPO INC(XPO)151,785183,573+31,7882024,9490.19%+24,930
BOEING CO(BA)0112,582+112,582024,4440.19%+24,444
APOLLO GLOBAL MGMT INC(APO)0168,254+168,254024,3560.19%+24,356
MASTERCARD INCORPORATED(MA)041,753+41,753023,8360.18%+23,836
STIFEL FINL CORP(SF)137,454188,987+51,5331623,6650.18%+23,649
SNOWFLAKE INC(SNOW)100,052107,500+7,4482323,5810.18%+23,559
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