| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| Partners Value Investments L.P. | 181,405,955 | 181,405,955 | 0 | 77.78 | 78.56 | +0.78 | hold |
| ROYAL BANK OF CANADA | 113,652,306 | 113,774,934 | +122,628 | 0.92 | 0.87 | -0.04 | buy |
| Capital World Investors | 99,069,016 | 82,340,675 | -16,728,341 | 0.62 | 0.45 | -0.16 | sell |
| PRINCIPAL FINANCIAL GROUP INC | 65,050,624 | 63,823,308 | -1,227,316 | 1.52 | 1.38 | -0.14 | sell |
| Pershing Square Capital Management, L.P. | 61,403,089 | 59,697,208 | -1,705,881 | 18.15 | 17.62 | -0.53 | sell |
| DODGE & COX | 41,280,320 | 59,186,855 | +17,906,535 | 1.02 | 1.32 | +0.29 | buy |
| BANK OF MONTREAL /CAN/ | 59,074,667 | 54,786,930 | -4,287,737 | 1.08 | 0.91 | -0.17 | sell |
| BROOKFIELD Corp /ON/ | 46,581,943 | 46,581,943 | 0 | 2.65 | 2.54 | -0.11 | hold |
| 1832 Asset Management L.P. | 45,546,724 | 42,945,630 | -2,601,094 | 2.65 | 2.30 | -0.35 | sell |
| TD ASSET MANAGEMENT INC | 35,763,047 | 36,208,452 | +445,405 | 1.32 | 1.19 | -0.14 | buy |
| NATIONAL BANK OF CANADA /FI/ | 23,031,220 | 24,212,041 | +1,180,821 | 1.08 | 1.00 | -0.08 | buy |
| FIRST MANHATTAN CO. LLC. | 23,795,141 | 23,265,685 | -529,456 | 2.87 | 2.61 | -0.27 | sell |
| FIL Ltd | 25,945,785 | 22,471,358 | -3,474,427 | 0.89 | 0.71 | -0.18 | sell |
| MACKENZIE FINANCIAL CORP | 23,841,723 | 22,166,737 | -1,674,986 | 1.30 | 1.08 | -0.23 | sell |
| GEODE CAPITAL MANAGEMENT, LLC | 19,679,423 | 20,589,695 | +910,272 | 0.06 | 0.05 | -0.00 | buy |
| CIBC WORLD MARKET INC. | 17,824,212 | 19,676,746 | +1,852,534 | 1.46 | 1.40 | -0.06 | buy |
| AKRE CAPITAL MANAGEMENT LLC | 26,843,633 | 17,027,077 | -9,816,556 | 13.51 | 11.27 | -2.24 | sell |
| BANK OF NOVA SCOTIA | 13,765,260 | 15,340,928 | +1,575,668 | 0.94 | 1.09 | +0.15 | buy |
| CIBC Asset Management Inc | 17,304,740 | 14,102,004 | -3,202,736 | 1.92 | 1.40 | -0.53 | sell |
| TD Waterhouse Canada Inc. | 6,078,402 | 13,654,791 | +7,576,389 | 1.73 | 1.64 | -0.10 | buy |
| Federation des caisses Desjardins du Quebec | 13,106,905 | 13,391,262 | +284,357 | 2.30 | 1.94 | -0.35 | buy |
| Capital International Investors | 0 | 13,179,614 | +13,179,614 | 0.00 | 0.13 | +0.13 | buy |
| MARKEL GROUP INC. | 13,073,609 | 13,073,609 | 0 | 4.78 | 4.43 | -0.35 | hold |
| CANADA PENSION PLAN INVESTMENT BOARD | 13,060,197 | 12,190,707 | -869,490 | 0.40 | 0.32 | -0.08 | sell |
| FMR LLC | 15,177,438 | 11,546,810 | -3,630,628 | 0.04 | 0.02 | -0.01 | sell |
| Legal & General Group Plc | 11,494,884 | 11,428,128 | -66,756 | 0.12 | 0.11 | -0.01 | sell |
| LONE PINE CAPITAL LLC | 15,923,360 | 11,208,969 | -4,714,391 | 5.37 | 3.62 | -1.75 | sell |
| BANK OF AMERICA CORP /DE/ | 11,355,565 | 11,115,001 | -240,564 | 0.04 | 0.03 | -0.01 | sell |
| SCOTIA CAPITAL INC. | 11,213,519 | 11,077,640 | -135,879 | 2.07 | 1.84 | -0.23 | sell |
| MORGAN STANLEY | 10,865,057 | 10,834,867 | -30,190 | 0.03 | 0.03 | -0.00 | sell |
| DAVENPORT & Co LLC | 11,816,546 | 10,487,219 | -1,329,327 | 2.95 | 2.35 | -0.59 | sell |
| TORONTO DOMINION BANK | 10,761,573 | 9,921,819 | -839,754 | 0.87 | 0.78 | -0.10 | sell |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 11,091,478 | 9,832,789 | -1,258,689 | 0.42 | 0.34 | -0.08 | sell |
| GOLDMAN SACHS GROUP INC | 7,950,712 | 9,689,050 | +1,738,338 | 0.05 | 0.05 | -0.00 | buy |
| JPMORGAN CHASE & CO | 9,183,593 | 9,019,415 | -164,178 | 0.03 | 0.02 | -0.00 | sell |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA | 8,979,206 | 8,979,204 | -2 | 14.69 | 12.09 | -2.60 | sell |
| Neuberger Berman Group LLC | 6,940,908 | 7,149,678 | +208,770 | 0.24 | 0.22 | -0.02 | buy |
| BAILLIE GIFFORD & CO | 7,013,657 | 6,616,033 | -397,624 | 0.27 | 0.27 | +0.01 | sell |
| BESSEMER GROUP INC | 1,291 | 5,659,496 | +5,658,205 | 0.00 | 0.36 | +0.36 | buy |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 6,332,685 | 5,192,606 | -1,140,079 | 0.49 | 0.35 | -0.14 | sell |
| Connor, Clark & Lunn Investment Management Ltd. | 5,486,858 | 4,938,599 | -548,259 | 0.66 | 0.46 | -0.20 | sell |
| Invesco Ltd. | 4,651,015 | 4,610,642 | -40,373 | 0.03 | 0.02 | -0.00 | sell |
| CHECK CAPITAL MANAGEMENT INC/CA | 4,388,968 | 4,379,938 | -9,030 | 12.04 | 10.93 | -1.11 | sell |
| Capital Research Global Investors | 2,134,876 | 4,289,389 | +2,154,513 | 0.02 | 0.03 | +0.01 | buy |
| WELLS FARGO & COMPANY/MN | 4,052,109 | 4,261,697 | +209,588 | 0.04 | 0.03 | -0.00 | buy |
| JANE STREET GROUP, LLC | 183,318 | 4,121,668 | +3,938,350 | 0.01 | 0.18 | +0.17 | buy |
| Beutel, Goodman & Co Ltd. | 4,301,067 | 3,977,934 | -323,133 | 1.21 | 1.09 | -0.13 | sell |
| Alberta Investment Management Corp | 3,464,602 | 3,685,309 | +220,707 | 0.95 | 0.92 | -0.03 | buy |
| PICTON MAHONEY ASSET MANAGEMENT | 3,613,638 | 3,655,199 | +41,561 | 1.82 | 1.54 | -0.27 | buy |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 3,523,292 | 3,632,320 | +109,028 | 0.05 | 0.06 | +0.01 | buy |
| D. E. Shaw & Co., Inc. | 44,386 | 3,600,628 | +3,556,242 | 0.00 | 0.11 | +0.11 | buy |
| COOKE & BIELER LP | 3,528,460 | 3,520,735 | -7,725 | 1.69 | 1.61 | -0.08 | sell |
| Novo Holdings A/S | 3,496,245 | 3,496,245 | 0 | 12.46 | 11.46 | -1.00 | hold |
| FENIMORE ASSET MANAGEMENT INC | 3,842,656 | 3,436,218 | -406,438 | 3.67 | 3.10 | -0.57 | sell |
| CI INVESTMENTS INC. | 4,326,040 | 3,429,556 | -896,484 | 0.87 | 0.67 | -0.20 | sell |
| MUFG SECURITIES (CANADA), LTD. | 3,288,214 | 3,269,278 | -18,936 | 4.20 | 3.80 | -0.40 | sell |
| AGF MANAGEMENT LTD | 2,128,475 | 3,246,823 | +1,118,348 | 0.43 | 0.59 | +0.17 | buy |
| DEUTSCHE BANK AG\ | 3,683,285 | 3,230,733 | -452,552 | 0.06 | 0.04 | -0.01 | sell |
| Cardinal Capital Management, Inc. | 3,077,748 | 3,166,889 | +89,141 | 4.35 | 3.45 | -0.91 | buy |
| Aristotle Capital Management, LLC | 1,603,470 | 3,113,897 | +1,510,427 | 0.29 | 0.26 | -0.03 | buy |
| Aristotle Capital Management, LLC | 6,447,071 | 3,112,754 | -3,334,317 | 0.59 | 0.26 | -0.33 | sell |
| BAMCO INC /NY/ | 3,635,917 | 2,905,510 | -730,407 | 0.45 | 0.35 | -0.10 | sell |
| Clearbridge Investments, LLC | 2,851,937 | 2,761,918 | -90,019 | 0.10 | 0.10 | -0.01 | sell |
| SCHARF INVESTMENTS, LLC | 3,515,805 | 2,756,660 | -759,145 | 4.33 | 3.44 | -0.90 | sell |
| GUARDIAN CAPITAL LP | 2,642,075 | 2,751,807 | +109,732 | 3.60 | 2.94 | -0.66 | buy |
| Cannell & Spears LLC | 2,659,766 | 2,702,625 | +42,859 | 2.28 | 2.14 | -0.14 | buy |
| Amundi | 2,362,880 | 2,696,723 | +333,843 | 0.03 | 0.03 | +0.00 | buy |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 4,760,394 | 2,670,419 | -2,089,975 | 0.37 | 0.17 | -0.20 | sell |
| MCDONALD CAPITAL INVESTORS INC/CA | 2,699,130 | 2,642,836 | -56,294 | 7.60 | 7.32 | -0.28 | sell |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 3,565,901 | 2,618,947 | -946,954 | 0.87 | 0.63 | -0.24 | sell |
| AMERIPRISE FINANCIAL INC | 2,135,778 | 2,563,284 | +427,506 | 0.02 | 0.02 | +0.00 | buy |
| STIFEL FINANCIAL CORP | 2,441,512 | 2,447,859 | +6,347 | 0.10 | 0.09 | -0.01 | buy |
| UBS Group AG | 2,475,051 | 2,406,079 | -68,972 | 0.02 | 0.02 | -0.01 | sell |
| RAYMOND JAMES FINANCIAL INC | 2,294,959 | 2,376,833 | +81,874 | 0.03 | 0.03 | -0.00 | buy |
| Corient Private Wealth LLC | 4,891,403 | 2,329,960 | -2,561,443 | 0.31 | 0.13 | -0.17 | sell |
| ENVESTNET ASSET MANAGEMENT INC | 2,301,506 | 2,322,041 | +20,535 | 0.03 | 0.03 | -0.01 | buy |
| DIMENSIONAL FUND ADVISORS LP | 2,107,881 | 2,290,509 | +182,628 | 0.02 | 0.02 | -0.00 | buy |
| NORTHERN TRUST CORP | 2,396,483 | 2,270,459 | -126,024 | 0.01 | 0.01 | -0.00 | sell |
| Addenda Capital Inc. | 2,158,161 | 2,168,691 | +10,530 | 3.99 | 3.44 | -0.55 | buy |
| Aviso Financial Inc. | 2,133,276 | 2,161,688 | +28,412 | 3.72 | 3.11 | -0.62 | buy |
| Sather Financial Group Inc | 2,119,399 | 2,127,876 | +8,477 | 5.23 | 5.29 | +0.07 | buy |
| BRUNI J V & CO /CO | 2,114,031 | 2,102,466 | -11,565 | 9.53 | 8.88 | -0.64 | sell |
| M&G Plc | 1,753,313 | 2,098,614 | +345,301 | 0.41 | 0.43 | +0.02 | buy |
| James Hambro & Partners LLP | 1,985,354 | 2,064,936 | +79,582 | 3.26 | 3.28 | +0.02 | buy |
| Dixon Mitchell Investment Counsel Inc. | 2,363,922 | 2,026,278 | -337,644 | 3.58 | 2.85 | -0.74 | sell |
| Scheer, Rowlett & Associates Investment Management Ltd. | 2,031,480 | 1,956,028 | -75,452 | 6.40 | 5.70 | -0.70 | sell |
| Marathon Asset Management Ltd | 1,962,979 | 1,955,732 | -7,247 | 3.47 | 3.03 | -0.44 | sell |
| Bank of New York Mellon Corp | 1,952,645 | 1,881,916 | -70,729 | 0.02 | 0.01 | -0.00 | sell |
| AVIVA PLC | 1,724,711 | 1,759,798 | +35,087 | 0.13 | 0.12 | -0.01 | buy |
| WELLINGTON MANAGEMENT GROUP LLP | 4,014,078 | 1,680,811 | -2,333,267 | 0.03 | 0.01 | -0.02 | sell |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 1,583,710 | 1,571,936 | -11,774 | 0.98 | 0.69 | -0.29 | sell |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 1,169,344 | 1,517,524 | +348,180 | 0.18 | 0.19 | +0.01 | buy |
| Korea Investment CORP | 1,456,551 | 1,506,795 | +50,244 | 0.13 | 0.13 | -0.01 | buy |
| Focus Partners Wealth | 1,550,292 | 1,434,504 | -115,788 | 0.08 | 0.06 | -0.02 | sell |
| OMERS ADMINISTRATION Corp | 3,476,683 | 1,427,505 | -2,049,178 | 1.14 | 0.37 | -0.77 | sell |
| GREENLEA LANE CAPITAL MANAGEMENT, LLC | 1,413,462 | 1,392,742 | -20,720 | 18.93 | 16.37 | -2.56 | sell |
| Partners Group Holding AG | 1,320,346 | 1,388,548 | +68,202 | 4.09 | 4.16 | +0.07 | buy |
| Madison Asset Management, LLC | 1,498,571 | 1,369,676 | -128,895 | 0.79 | 0.69 | -0.10 | sell |
| NEW SOUTH CAPITAL MANAGEMENT INC | 1,416,531 | 1,354,778 | -61,753 | 2.99 | 2.63 | -0.36 | sell |
| Baskin Financial Services Inc. | 1,353,889 | 1,319,151 | -34,738 | 4.68 | 4.38 | -0.30 | sell |