| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| Partners Value Investments L.P. | 120,968,883 | 120,968,883 | 0 | 74.54 | 74.23 | -0.30 | hold |
| ROYAL BANK OF CANADA | 99,769,409 | 97,093,406 | -2,676,003 | 0.99 | 0.99 | -0.01 | sell |
| PRINCIPAL FINANCIAL GROUP INC | 63,308,901 | 62,080,629 | -1,228,272 | 1.62 | 1.53 | -0.09 | sell |
| VANGUARD GROUP INC | 56,417,198 | 57,480,308 | +1,063,110 | 0.05 | 0.05 | -0.00 | buy |
| BANK OF MONTREAL /CAN/ | 53,507,518 | 54,797,175 | +1,289,657 | 0.70 | 0.72 | +0.02 | buy |
| Capital World Investors | 49,424,522 | 51,922,031 | +2,497,509 | 0.35 | 0.36 | +0.01 | buy |
| BROOKFIELD Corp /ON/ | 32,934,574 | 32,934,574 | 0 | 7.54 | 8.14 | +0.60 | hold |
| TD ASSET MANAGEMENT INC | 26,542,983 | 25,935,145 | -607,838 | 1.05 | 1.01 | -0.04 | sell |
| 1832 Asset Management L.P. | 22,306,538 | 22,605,567 | +299,029 | 1.69 | 1.73 | +0.04 | buy |
| JARISLOWSKY, FRASER Ltd | 22,503,592 | 21,667,121 | -836,471 | 5.33 | 5.21 | -0.13 | sell |
| BANK OF NOVA SCOTIA | 17,525,756 | 19,533,185 | +2,007,429 | 1.32 | 1.65 | +0.33 | buy |
| MACKENZIE FINANCIAL CORP | 19,215,636 | 18,456,546 | -759,090 | 1.16 | 1.12 | -0.05 | sell |
| AKRE CAPITAL MANAGEMENT LLC | 18,053,491 | 17,958,415 | -95,076 | 6.09 | 6.22 | +0.13 | sell |
| FIRST MANHATTAN CO. LLC. | 17,950,287 | 17,833,751 | -116,536 | 2.50 | 2.42 | -0.08 | sell |
| NORGES BANK | 15,308,439 | 16,022,033 | +713,594 | 0.11 | 0.11 | -0.00 | buy |
| CIBC Asset Management Inc | 16,187,795 | 15,659,301 | -528,494 | 2.44 | 2.28 | -0.16 | sell |
| FIL Ltd | 11,735,432 | 15,550,329 | +3,814,897 | 0.49 | 0.65 | +0.15 | buy |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 16,452,620 | 14,199,498 | -2,253,122 | 0.39 | 0.55 | +0.16 | sell |
| EdgePoint Investment Group Inc. | 13,981,059 | 11,375,780 | -2,605,279 | 4.86 | 3.79 | -1.06 | sell |
| GOLDMAN SACHS GROUP INC | 12,365,922 | 11,082,658 | -1,283,264 | 0.11 | 0.10 | -0.01 | sell |
| CIBC WORLD MARKET INC. | 10,409,473 | 10,712,406 | +302,933 | 1.18 | 1.15 | -0.03 | buy |
| FMR LLC | 10,697,595 | 10,556,063 | -141,532 | 0.03 | 0.03 | -0.00 | sell |
| Soroban Capital Partners LP | 10,060,586 | 10,060,586 | 0 | 4.99 | 6.37 | +1.37 | hold |
| DAVENPORT & Co LLC | 10,335,443 | 9,492,928 | -842,515 | 2.88 | 2.47 | -0.41 | sell |
| MARKEL GROUP INC. | 8,715,741 | 8,715,741 | 0 | 3.80 | 3.60 | -0.20 | hold |
| MORGAN STANLEY | 6,875,371 | 7,541,405 | +666,034 | 0.02 | 0.03 | +0.00 | buy |
| Connor, Clark & Lunn Investment Management Ltd. | 6,664,697 | 7,531,142 | +866,445 | 1.25 | 1.36 | +0.11 | buy |
| Neuberger Berman Group LLC | 6,905,784 | 7,136,033 | +230,249 | 0.24 | 0.25 | +0.01 | buy |
| BANK OF AMERICA CORP /DE/ | 5,952,499 | 6,707,764 | +755,265 | 0.03 | 0.03 | +0.00 | buy |
| SCOTIA CAPITAL INC. | 6,577,964 | 6,637,629 | +59,665 | 1.70 | 1.65 | -0.05 | buy |
| Beutel, Goodman & Co Ltd. | 9,314,511 | 6,107,202 | -3,207,309 | 1.99 | 1.32 | -0.67 | sell |
| JPMORGAN CHASE & CO | 5,789,455 | 5,820,974 | +31,519 | 0.02 | 0.02 | -0.00 | buy |
| Invesco Ltd. | 6,238,979 | 5,625,946 | -613,033 | 0.06 | 0.05 | -0.01 | sell |
| COOKE & BIELER LP | 5,912,434 | 5,428,960 | -483,474 | 2.09 | 2.10 | +0.01 | sell |
| TORONTO DOMINION BANK | 9,346,795 | 5,394,393 | -3,952,402 | 0.54 | 0.35 | -0.19 | sell |
| GEODE CAPITAL MANAGEMENT, LLC | 5,253,439 | 5,331,342 | +77,903 | 0.02 | 0.02 | -0.00 | buy |
| SCHARF INVESTMENTS, LLC | 5,107,826 | 4,920,553 | -187,273 | 5.62 | 5.58 | -0.04 | sell |
| Federation des caisses Desjardins du Quebec | 4,398,143 | 4,177,984 | -220,159 | 1.67 | 1.70 | +0.03 | sell |
| Novo Holdings A/S | 3,880,230 | 3,880,230 | 0 | 9.61 | 11.21 | +1.59 | hold |
| TD Waterhouse Canada Inc. | 3,779,692 | 3,731,711 | -47,981 | 1.80 | 1.53 | -0.27 | sell |
| Alberta Investment Management Corp | 3,709,191 | 3,709,191 | 0 | 1.41 | 1.57 | +0.17 | hold |
| Sumitomo Mitsui Trust Group, Inc. | 3,259,866 | 3,243,771 | -16,095 | 0.10 | 0.09 | -0.00 | sell |
| BESSEMER GROUP INC | 800 | 3,214,110 | +3,213,310 | 0.00 | 0.24 | +0.24 | buy |
| CI INVESTMENTS INC. | 3,051,725 | 3,195,114 | +143,389 | 0.63 | 0.53 | -0.10 | buy |
| Corient Private Wealth LLC | 2,985,891 | 3,167,275 | +181,384 | 0.22 | 0.24 | +0.02 | buy |
| AMERIPRISE FINANCIAL INC | 3,247,732 | 3,126,794 | -120,938 | 0.04 | 0.04 | -0.00 | sell |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 3,856,823 | 3,072,347 | -784,476 | 0.40 | 0.31 | -0.09 | sell |
| CHECK CAPITAL MANAGEMENT INC/CA | 3,026,072 | 3,037,695 | +11,623 | 9.69 | 9.32 | -0.37 | buy |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2,757,045 | 2,992,042 | +234,997 | 0.04 | 0.04 | +0.00 | buy |
| Aristotle Capital Management, LLC | 2,884,324 | 2,888,834 | +4,510 | 0.23 | 0.22 | -0.00 | buy |
| Aristotle Capital Management, LLC | 0 | 2,787,757 | +2,787,757 | 0.00 | 0.22 | +0.22 | buy |
| AGF MANAGEMENT LTD | 2,929,114 | 2,757,334 | -171,780 | 0.69 | 0.63 | -0.06 | sell |
| FENIMORE ASSET MANAGEMENT INC | 2,599,670 | 2,608,473 | +8,803 | 2.42 | 2.31 | -0.11 | buy |
| CANADA PENSION PLAN INVESTMENT BOARD | 2,568,490 | 2,568,490 | 0 | 0.13 | 0.11 | -0.02 | hold |
| WELLS FARGO & COMPANY/MN | 2,612,251 | 2,507,400 | -104,851 | 0.03 | 0.03 | -0.00 | sell |
| CIBC Private Wealth Group LLC | 2,519,933 | 2,488,565 | -31,368 | 0.21 | 0.20 | -0.01 | sell |
| Bank of New York Mellon Corp | 2,805,965 | 2,435,447 | -370,518 | 0.02 | 0.02 | -0.00 | sell |
| NATIONAL BANK OF CANADA /FI/ | 3,172,962 | 2,354,789 | -818,173 | 0.22 | 0.18 | -0.04 | sell |
| GUARDIAN CAPITAL LP | 2,342,517 | 2,329,686 | -12,831 | 3.39 | 3.40 | +0.02 | sell |
| Cardinal Capital Management, Inc. | 2,331,942 | 2,320,364 | -11,578 | 4.44 | 4.31 | -0.13 | sell |
| OMERS ADMINISTRATION Corp | 2,317,789 | 2,317,789 | 0 | 1.17 | 1.11 | -0.06 | hold |
| DIMENSIONAL FUND ADVISORS LP | 2,842,064 | 2,221,756 | -620,308 | 0.03 | 0.03 | -0.01 | sell |
| MCDONALD CAPITAL INVESTORS INC/CA | 2,151,817 | 2,113,822 | -37,995 | 6.02 | 5.54 | -0.48 | sell |
| Marathon Asset Management Ltd | 2,065,875 | 2,032,222 | -33,653 | 2.34 | 2.27 | -0.07 | sell |
| Burgundy Asset Management Ltd. | 2,224,833 | 1,978,459 | -246,374 | 0.99 | 0.85 | -0.14 | sell |
| Cannell & Spears LLC | 19,681 | 1,975,527 | +1,955,846 | 0.06 | 1.71 | +1.65 | buy |
| Addenda Capital Inc. | 1,869,192 | 1,861,606 | -7,586 | 3.88 | 4.01 | +0.12 | sell |
| Blacksheep Fund Management Ltd | 2,537,384 | 1,787,884 | -749,500 | 40.29 | 50.32 | +10.04 | sell |
| Clearbridge Investments, LLC | 2,222,170 | 1,784,907 | -437,263 | 0.08 | 0.06 | -0.02 | sell |
| ENVESTNET ASSET MANAGEMENT INC | 1,788,840 | 1,737,211 | -51,629 | 0.03 | 0.03 | -0.00 | sell |
| Dixon Mitchell Investment Counsel Inc. | 1,712,762 | 1,732,196 | +19,434 | 3.67 | 3.61 | -0.06 | buy |
| GREENLEA LANE CAPITAL MANAGEMENT, LLC | 1,615,220 | 1,547,135 | -68,085 | 20.07 | 18.35 | -1.72 | sell |
| Scheer, Rowlett & Associates Investment Management Ltd. | 1,540,618 | 1,535,040 | -5,578 | 4.67 | 4.75 | +0.08 | sell |
| Broad Run Investment Management, LLC | 1,607,699 | 1,527,249 | -80,450 | 8.62 | 7.86 | -0.76 | sell |
| BRUNI J V & CO /CO | 1,511,006 | 1,503,321 | -7,685 | 7.52 | 7.47 | -0.05 | sell |
| Sather Financial Group Inc | 1,391,210 | 1,401,788 | +10,578 | 4.13 | 4.21 | +0.08 | buy |
| DEUTSCHE BANK AG\ | 1,341,334 | 1,392,132 | +50,798 | 0.03 | 0.03 | -0.00 | buy |
| Credential Qtrade Securities Inc. | 1,301,965 | 1,360,726 | +58,761 | 3.12 | 3.06 | -0.06 | buy |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | 1,331,182 | 1,317,556 | -13,626 | 0.75 | 0.74 | -0.01 | sell |
| BAMCO INC /NY/ | 1,207,219 | 1,287,522 | +80,303 | 0.13 | 0.14 | +0.01 | buy |
| Madison Asset Management, LLC | 2,318,304 | 1,274,290 | -1,044,014 | 1.26 | 0.66 | -0.60 | sell |
| STIFEL FINANCIAL CORP | 1,325,969 | 1,254,281 | -71,688 | 0.07 | 0.06 | -0.01 | sell |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 1,257,006 | 1,222,972 | -34,034 | 1.06 | 0.97 | -0.09 | sell |
| LINCLUDEN MANAGEMENT LTD | 1,019,986 | 1,125,209 | +105,223 | 4.96 | 5.58 | +0.62 | buy |
| Heritage Wealth Advisors | 1,063,055 | 1,109,322 | +46,267 | 2.12 | 2.12 | +0.00 | buy |
| WELLINGTON MANAGEMENT GROUP LLP | 1,100,913 | 1,098,179 | -2,734 | 0.01 | 0.01 | -0.00 | sell |
| NEW SOUTH CAPITAL MANAGEMENT INC | 1,076,482 | 1,080,172 | +3,690 | 1.88 | 1.89 | +0.01 | buy |
| Korea Investment CORP | 1,105,134 | 1,018,976 | -86,158 | 0.12 | 0.11 | -0.01 | sell |
| CIBC WORLD MARKETS CORP | 0 | 1,000,000 | +1,000,000 | 0.00 | 0.27 | +0.27 | buy |
| NORTHERN TRUST CORP | 939,018 | 947,269 | +8,251 | 0.01 | 0.01 | +0.00 | buy |
| Baskin Financial Services Inc. | 911,555 | 928,984 | +17,429 | 3.30 | 3.26 | -0.04 | buy |
| UBS Group AG | 864,636 | 917,043 | +52,407 | 0.01 | 0.01 | -0.00 | buy |
| TORONTO DOMINION BANK | 9,346,795 | 916,800 | -8,429,995 | 0.54 | 0.06 | -0.48 | sell |
| Florida Trust Wealth Management Co | 902,062 | 904,200 | +2,138 | 1.33 | 1.29 | -0.04 | buy |
| CAPITAL ADVISORS INC/OK | 868,857 | 893,853 | +24,996 | 0.78 | 0.80 | +0.02 | buy |
| Triasima Portfolio Management inc. | 789,234 | 885,814 | +96,580 | 2.62 | 3.11 | +0.50 | buy |
| ROYAL LONDON ASSET MANAGEMENT LTD | 808,281 | 879,310 | +71,029 | 0.09 | 0.09 | -0.00 | buy |
| WHITEBOX ADVISORS LLC | 865,340 | 865,340 | 0 | 1.54 | 1.38 | -0.16 | hold |
| State of Tennessee, Department of Treasury | 827,480 | 827,480 | 0 | 0.13 | 0.13 | -0.00 | hold |
| CITADEL ADVISORS LLC | 1,223,056 | 792,975 | -430,081 | 0.05 | 0.03 | -0.02 | sell |