Beutel Goodman
Beutel Goodman teamTORONTO, A6files as Beutel, Goodman & Co Ltd.
$13.6bn in 163 US stocks at the end of 30 June 2026. The top 10 are 29.7% of the money. It changed about 12.7% of the portfolio this quarter.
Value
$13.6bn
Stocks
163
Top 10 share
29.7%
Turnover
12.7%
What changed this quarter
New
Bought for the first time this quarter.
- Royal Caribbean CruisesRCL2.0% of the fund
- AutozoneAZO1.1% of the fund
- Thomson Reuters Corp /canTRI<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
Added
Bought more of a stock they already held.
- MascoMAS2.2% of the fund+17%
- Canadian Natural ResourcesCNQ2.0% of the fund+72%
- Suncor EnergySU2.0% of the fund+21%
- BrookfieldBN1.9% of the fund+56%
- Marsh & McLennan CompaniesMRSH1.9% of the fund+102%
- Becton DickinsonBDX1.9% of the fund+75%
- FlowserveFLS1.8% of the fund+65%
- Franco NevadaFNV1.2% of the fund+35%
- CencoraCOR1.1% of the fund+168%
- UnileverUL<0.1% of the fund+23%
- GSKGSK<0.1% of the fund+9%
- Ishares TRMBB<0.1% of the fund+41%
- Vanguard Scottsdale FDSVONV<0.1% of the fund+81%
Cut
Sold some of their stake.
- Toronto Dominion BankTD5.7% of the fund-13%
- Bank of Montreal /canBMO3.5% of the fund-13%
- Royal Bank of CanadaRY3.3% of the fund-40%
- PPG IndustriesPPG2.9% of the fund-13%
- eBayEBAY2.8% of the fund-21%
- ChubbCB2.4% of the fund-17%
- Restaurant Brands InternationalQSR2.4% of the fund-13%
- Canadian Pacific Kansas CityCP2.3% of the fund-14%
- MedtronicMDT2.3% of the fund-12%
- NetAppNTAP2.2% of the fund-47%
- Rogers CommunicationsRCI2.0% of the fund-14%
- MerckMRK2.0% of the fund-32%
- Ameriprise FinancialAMP1.9% of the fund-16%
- Canadian National RailwayCNI1.8% of the fund-13%
- Manulife FinancialMFC1.8% of the fund-42%
- AmdocsDOX1.7% of the fund-13%
- Westinghouse Air Brake TechnologiesWAB1.7% of the fund-49%
- Omnicom GroupOMC1.7% of the fund-25%
- Elevance HealthELV1.6% of the fund-35%
- GFL EnvironmentalGFL1.5% of the fund-14%
- CGIGIB1.5% of the fund-14%
- Brookfield Asset ManagementBAM1.5% of the fund-12%
- NutrienNTR1.5% of the fund-13%
- FortisFTS1.5% of the fund-13%
- American ExpressAXP1.4% of the fund-14%
Sold out
Sold their entire stake.
- Open TextOTEX-100%
- Thomson Reuters-100%
- Honeywell InternationalHON-100%
- Brookfield RenewableBEPC-100%
- Solstice Advanced MaterialsSOLS-100%
- Brookfield InfrastructureBIPC-100%
- Versant Media GroupVSNT-100%
- MastercardMA-100%
- Waste ConnectionsWCN-100%
- UnitedHealth GroupUNH-100%
- NikeNKE-100%
- SolventumSOLV-100%
Holdings
- Toronto Dominion BankTD
- Share
- 5.7%
- Value
- $780m
- Shares
- 6,420,709
-13%
- Bank of Montreal /canBMO
- Share
- 3.5%
- Value
- $476m
- Shares
- 2,695,594
-13%
- Royal Bank of CanadaRY
- Share
- 3.3%
- Value
- $451m
- Shares
- 2,180,246
-40%
- Canadian Natural ResourcesCNQ
- Share
- 2.0%
- Value
- $273m
- Shares
- 6,894,705
+72%
- Rogers CommunicationsRCI
- Share
- 2.0%
- Value
- $267m
- Shares
- 8,202,734
-14%
- Suncor EnergySU
- Share
- 2.0%
- Value
- $266m
- Shares
- 4,947,844
+21%
- BrookfieldBN
- Share
- 1.9%
- Value
- $264m
- Shares
- 6,186,707
+56%
- Canadian National RailwayCNI
- Share
- 1.8%
- Value
- $251m
- Shares
- 2,105,136
-13%
- Manulife FinancialMFC
- Share
- 1.8%
- Value
- $240m
- Shares
- 5,907,934
-42%
- GFL EnvironmentalGFL
- Share
- 1.5%
- Value
- $210m
- Shares
- 5,720,668
-14%
- CGIGIB
- Share
- 1.5%
- Value
- $208m
- Shares
- 3,226,849
-14%
- NutrienNTR
- Share
- 1.5%
- Value
- $202m
- Shares
- 3,207,250
-13%
- FortisFTS
- Share
- 1.5%
- Value
- $199m
- Shares
- 3,470,773
-13%
- Franco NevadaFNV
- Share
- 1.2%
- Value
- $170m
- Shares
- 813,030
+35%
- Colliers International GroupCIGI
- Share
- 1.2%
- Value
- $167m
- Shares
- 1,777,779
-13%
- Gildan ActivewearGIL
- Share
- 1.1%
- Value
- $152m
- Shares
- 2,945,188
-14%
- TC EnergyTRP
- Share
- 1.1%
- Value
- $151m
- Shares
- 2,288,376
-39%
- Boyd Group ServicesBGSI
- Share
- 1.0%
- Value
- $141m
- Shares
- 1,491,881
-13%
- ATS Corp /ATSATS
- Share
- 1.0%
- Value
- $138m
- Shares
- 4,796,922
-12%
- Sun Life FinancialSLF
- Share
- 1.0%
- Value
- $137m
- Shares
- 1,743,457
-40%
- CAECAE
- Share
- 1.0%
- Value
- $136m
- Shares
- 5,417,594
-13%
- Alamos GoldAGI
- Share
- 0.3%
- Value
- $46m
- Shares
- 1,510,235
Held
- MDA SpaceMDA
- Share
- 0.3%
- Value
- $36m
- Shares
- 880,713
-54%
- Triple Flag Precious MetalsTFPM
- Share
- 0.3%
- Value
- $35m
- Shares
- 1,181,147
Held
- DoceboDCBO
- Share
- 0.2%
- Value
- $28m
- Shares
- 1,545,997
Held
- Spdr Series TrustSPYG
- Share
- 0.2%
- Value
- $27m
- Shares
- 227,125
-13%
- Eupraxia PharmaceuticalsEPRX
- Share
- 0.2%
- Value
- $24m
- Shares
- 3,627,864
Held
- Canadian Imperial Bank of Commerce /canCM
- Share
- 0.2%
- Value
- $22m
- Shares
- 194,002
Held
- EmeraEMA
- Share
- 0.1%
- Value
- $14m
- Shares
- 267,668
-3%
- Bank of Nova ScotiaBNS
- Share
- <0.1%
- Value
- $13m
- Shares
- 154,626
-2%
- Brookfield Renewable EnergyBEP
- Share
- <0.1%
- Value
- $12m
- Shares
- 336,133
-2%
- Denison MinesDNN
- Share
- <0.1%
- Value
- $11m
- Shares
- 3,697,952
Held
- Pembina PipelinePBA
- Share
- <0.1%
- Value
- $10m
- Shares
- 216,311
-3%
- Agnico Eagle MinesAEM
- Share
- <0.1%
- Value
- $6m
- Shares
- 39,187
Held
- Thomson Reuters Corp /canTRI
- Share
- <0.1%
- Value
- $5m
- Shares
- 58,067
New
- Ishares TREFA
- Share
- <0.1%
- Value
- $3m
- Shares
- 31,277
-17%
- Honeywell AerospaceHONA
- Share
- <0.1%
- Value
- $2m
- Shares
- 10,573
New
- Cenovus EnergyCVE
- Share
- <0.1%
- Value
- $2m
- Shares
- 93,731
Held
- TelusTU
- Share
- <0.1%
- Value
- $2m
- Shares
- 172,271
-6%
- Sprott Asset Management LPPSLV
- Share
- <0.1%
- Value
- $2m
- Shares
- 92,500
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Toronto Dominion BankTD | 5.7% | $780m | 6,420,709 | -13% |
| Bank of Montreal /canBMO | 3.5% | $476m | 2,695,594 | -13% |
| Royal Bank of CanadaRY | 3.3% | $451m | 2,180,246 | -40% |
| PPG IndustriesPPG | 2.9% | $391m | 3,227,294 | -13% |
| eBayEBAY | 2.8% | $376m | 3,366,801 | -21% |
| ChubbCB | 2.4% | $326m | 957,066 | -17% |
| Restaurant Brands InternationalQSR | 2.4% | $321m | 4,424,521 | -13% |
| Canadian Pacific Kansas CityCP | 2.3% | $308m | 3,556,364 | -14% |
| MedtronicMDT | 2.3% | $307m | 3,922,276 | -12% |
| MascoMAS | 2.2% | $302m | 3,711,884 | +17% |
| NetAppNTAP | 2.2% | $298m | 1,925,379 | -47% |
| Union PacificUNP | 2.1% | $286m | 1,052,679 | Held |
| Canadian Natural ResourcesCNQ | 2.0% | $273m | 6,894,705 | +72% |
| Royal Caribbean CruisesRCL | 2.0% | $270m | 850,102 | New |
| Rogers CommunicationsRCI | 2.0% | $267m | 8,202,734 | -14% |
| MerckMRK | 2.0% | $266m | 2,073,206 | -32% |
| Suncor EnergySU | 2.0% | $266m | 4,947,844 | +21% |
| BrookfieldBN | 1.9% | $264m | 6,186,707 | +56% |
| Marsh & McLennan CompaniesMRSH | 1.9% | $262m | 1,573,890 | +102% |
| Ameriprise FinancialAMP | 1.9% | $255m | 555,992 | -16% |
| Becton DickinsonBDX | 1.9% | $255m | 1,684,640 | +75% |
| Canadian National RailwayCNI | 1.8% | $251m | 2,105,136 | -13% |
| FlowserveFLS | 1.8% | $246m | 3,311,766 | +65% |
| Manulife FinancialMFC | 1.8% | $240m | 5,907,934 | -42% |
| AmdocsDOX | 1.7% | $233m | 4,614,159 | -13% |
| Westinghouse Air Brake TechnologiesWAB | 1.7% | $228m | 846,411 | -49% |
| Omnicom GroupOMC | 1.7% | $225m | 3,091,223 | -25% |
| Elevance HealthELV | 1.6% | $224m | 578,463 | -35% |
| GFL EnvironmentalGFL | 1.5% | $210m | 5,720,668 | -14% |
| CGIGIB | 1.5% | $208m | 3,226,849 | -14% |
| Brookfield Asset ManagementBAM | 1.5% | $205m | 4,579,477 | -12% |
| NutrienNTR | 1.5% | $202m | 3,207,250 | -13% |
| FortisFTS | 1.5% | $199m | 3,470,773 | -13% |
| American ExpressAXP | 1.4% | $194m | 573,168 | -14% |
| QualcommQCOM | 1.4% | $191m | 1,036,274 | -57% |
| AmgenAMGN | 1.4% | $189m | 520,577 | -20% |
| RB GlobalRBA | 1.3% | $174m | 1,491,437 | -14% |
| Franco NevadaFNV | 1.2% | $170m | 813,030 | +35% |
| Applied MaterialsAMAT | 1.2% | $167m | 231,052 | -48% |
| Colliers International GroupCIGI | 1.2% | $167m | 1,777,779 | -13% |
| Wells Fargo & CompanyWFC | 1.2% | $160m | 1,941,758 | -5% |
| Gildan ActivewearGIL | 1.1% | $152m | 2,945,188 | -14% |
| TC EnergyTRP | 1.1% | $151m | 2,288,376 | -39% |
| AutozoneAZO | 1.1% | $150m | 47,043 | New |
| CencoraCOR | 1.1% | $144m | 509,678 | +168% |
| Kimberly-ClarkKMB | 1.1% | $143m | 1,303,647 | -29% |
| Gen DigitalGEN | 1.1% | $143m | 5,745,414 | -45% |
| Boyd Group ServicesBGSI | 1.0% | $141m | 1,491,881 | -13% |
| ATS Corp /ATSATS | 1.0% | $138m | 4,796,922 | -12% |
| Sun Life FinancialSLF | 1.0% | $137m | 1,743,457 | -40% |
| CAECAE | 1.0% | $136m | 5,417,594 | -13% |
| SEI InvestmentsSEIC | 1.0% | $131m | 1,494,684 | -16% |
| BlackRockBLK | 0.9% | $121m | 126,149 | -12% |
| CumminsCMI | 0.9% | $116m | 162,137 | -50% |
| ComcastCMCSA | 0.8% | $103m | 4,194,096 | -56% |
| SyscoSYY | 0.6% | $79m | 946,382 | -48% |
| Carlyle GroupCG | 0.4% | $53m | 1,270,059 | -16% |
| Alamos GoldAGI | 0.3% | $46m | 1,510,235 | Held |
| MDA SpaceMDA | 0.3% | $36m | 880,713 | -54% |
| Triple Flag Precious MetalsTFPM | 0.3% | $35m | 1,181,147 | Held |
| DoceboDCBO | 0.2% | $28m | 1,545,997 | Held |
| Spdr Series TrustSPYG | 0.2% | $27m | 227,125 | -13% |
| Brookfield Business Partners L.P.BBUC | 0.2% | $27m | 898,787 | Held |
| Eupraxia PharmaceuticalsEPRX | 0.2% | $24m | 3,627,864 | Held |
| Canadian Imperial Bank of Commerce /canCM | 0.2% | $22m | 194,002 | Held |
| EmeraEMA | 0.1% | $14m | 267,668 | -3% |
| Magnum Ice CreamMICC | 0.1% | $14m | 794,297 | -19% |
| Bank of Nova ScotiaBNS | <0.1% | $13m | 154,626 | -2% |
| AppleAAPL | <0.1% | $12m | 40,549 | -3% |
| Brookfield Renewable EnergyBEP | <0.1% | $12m | 336,133 | -2% |
| Denison MinesDNN | <0.1% | $11m | 3,697,952 | Held |
| MicrosoftMSFT | <0.1% | $11m | 29,057 | Held |
| Pembina PipelinePBA | <0.1% | $10m | 216,311 | -3% |
| JPMorgan ChaseJPM | <0.1% | $10m | 29,568 | -6% |
| Johnson & JohnsonJNJ | <0.1% | $9m | 36,671 | -4% |
| Johnson Controls InternationalJCI | <0.1% | $9m | 62,395 | -7% |
| Agnico Eagle MinesAEM | <0.1% | $6m | 39,187 | Held |
| Cisco SystemsCSCO | <0.1% | $5m | 45,100 | -56% |
| AlphabetGOOG | <0.1% | $5m | 14,627 | -4% |
| Thomson Reuters Corp /canTRI | <0.1% | $5m | 58,067 | New |
| Taiwan Semiconductor ManufacturingTSM | <0.1% | $4m | 8,955 | -11% |
| EatonETN | <0.1% | $3m | 8,053 | -4% |
| EnbridgeENB | <0.1% | $3m | 60,266 | -3% |
| Ishares TREFA | <0.1% | $3m | 31,277 | -17% |
| PepsiCoPEP | <0.1% | $3m | 22,739 | -2% |
| Novartis AGNVS | <0.1% | $3m | 18,599 | Held |
| 3MMMM | <0.1% | $3m | 17,260 | -3% |
| AlphabetGOOGL | <0.1% | $3m | 7,790 | -9% |
| Imperial OilIMO | <0.1% | $3m | 23,717 | -18% |
| Novo Nordisk A SNVO | <0.1% | $3m | 55,413 | -4% |
| Costco WholesaleCOST | <0.1% | $3m | 2,745 | -11% |
| Honeywell InternationalHON | <0.1% | $2m | 10,573 | New |
| Honeywell AerospaceHONA | <0.1% | $2m | 10,573 | New |
| Cenovus EnergyCVE | <0.1% | $2m | 93,731 | Held |
| Abbott LaboratoriesABT | <0.1% | $2m | 23,670 | -4% |
| DiageoDEO | <0.1% | $2m | 24,060 | -17% |
| Procter & GamblePG | <0.1% | $2m | 13,120 | -3% |
| TelusTU | <0.1% | $2m | 172,271 | -6% |
| WalmartWMT | <0.1% | $2m | 15,655 | -10% |
| Sprott Asset Management LPPSLV | <0.1% | $2m | 92,500 | Held |
Showing the largest 100 of 163.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 22.6% since 30 June 2025.
Where the money is
Financial services28.5%
Industrials17.2%
Health care10.5%
Retail & consumer10.4%
Technology9.1%
Materials6.1%
Media & telecom4.5%
Utilities4.2%
Energy4.1%
Real estate3.2%
Everyday goods1.8%
Other0.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.