Intact Investment Management

MONTREAL, A8files as INTACT INVESTMENT MANAGEMENT INC.

$3.5bn in 210 US stocks at the end of 30 June 2026. The top 10 are 32.2% of the money. It changed about 21.1% of the portfolio this quarter.

Value

$3.5bn

Stocks

210

Top 10 share

32.2%

Turnover

21.1%

What changed this quarter

New

Bought for the first time this quarter.

Spdr Series TrustSPYM
4.0% of the fund
SSR MiningSSRM
0.6% of the fund
Thomson Reuters Corp /canTRI
0.3% of the fund
International Flavors & FragrancesIFF
0.2% of the fund
HersheyHSY
0.2% of the fund
Honeywell InternationalHON
0.1% of the fund
Honeywell AerospaceHONA
0.1% of the fund
EcolabECL
0.1% of the fund
Royal Caribbean CruisesRCL
0.1% of the fund
Trekor MetalsTGB
0.1% of the fund
Aya Gold & SilverAYA
0.1% of the fund
PPG IndustriesPPG
0.1% of the fund
Seabridge GoldSA
<0.1% of the fund
Blue Moon MetalsBMM
<0.1% of the fund
CF Industries HoldingsCF
<0.1% of the fund
IntuitINTU
<0.1% of the fund
Vizsla SilverVZLA
<0.1% of the fund
GFL EnvironmentalGFL
<0.1% of the fund
i-80 GoldIAUX
<0.1% of the fund
Ballard Power SystemsBLDP
<0.1% of the fund
Descartes Systems GroupDSGX
<0.1% of the fund

Added

Bought more of a stock they already held.

Manulife FinancialMFC
4.2% of the fund
+48%
Bank of Montreal /canBMO
3.1% of the fund
+61%
EmeraEMA
3.0% of the fund
+10%
Rogers CommunicationsRCI
2.7% of the fund
+67%
Pembina PipelinePBA
2.4% of the fund
+6%
Canadian Imperial Bank of Commerce /canCM
1.8% of the fund
+73%
Sun Life FinancialSLF
1.6% of the fund
+72%
TelusTU
1.4% of the fund
+12%
Agnico Eagle MinesAEM
1.3% of the fund
+86%
EnerflexEFXT
1.1% of the fund
+541%
Open TextOTEX
1.0% of the fund
+54%
Philip Morris InternationalPM
0.8% of the fund
+12%
MerckMRK
0.7% of the fund
+16%
Texas InstrumentsTXN
0.7% of the fund
+6%
Algonquin Power & UtilitiesAQN
0.6% of the fund
+13%
CelesticaCLS
0.6% of the fund
+150%
UnitedHealth GroupUNH
0.6% of the fund
+10%
Procter & GamblePG
0.6% of the fund
+9%
PepsiCoPEP
0.5% of the fund
+110%
ChevronCVX
0.5% of the fund
+8%
Johnson & JohnsonJNJ
0.5% of the fund
+18%
PfizerPFE
0.5% of the fund
+10%
McDonald'sMCD
0.5% of the fund
+210%
Bank of AmericaBAC
0.5% of the fund
+5%
Hudbay MineralsHBM
0.4% of the fund
+4%

Cut

Sold some of their stake.

Toronto Dominion BankTD
3.5% of the fund
-18%
Royal Bank of CanadaRY
3.2% of the fund
-50%
Brookfield Infrastructure PABIP
2.6% of the fund
-15%
Suncor EnergySU
2.6% of the fund
-15%
Brookfield Asset ManagementBAM
2.1% of the fund
-3%
Magna InternationalMGA
2.0% of the fund
-15%
Cenovus EnergyCVE
1.9% of the fund
-27%
Gildan ActivewearGIL
1.5% of the fund
-6%
BCEBCE
1.3% of the fund
-40%
NutrienNTR
1.3% of the fund
-18%
Restaurant Brands InternationalQSR
1.1% of the fund
-17%
South BowSOBO
1.0% of the fund
-5%
Barrick MiningB
0.9% of the fund
-12%
ShopifySHOP
0.7% of the fund
-7%
Bank of Nova ScotiaBNS
0.7% of the fund
-25%
Canadian Natural ResourcesCNQ
0.7% of the fund
-22%
AbbVieABBV
0.7% of the fund
-12%
Brookfield Renewable EnergyBEP
0.7% of the fund
-12%
AlphabetGOOGL
0.6% of the fund
-19%
Wheaton Precious MetalsWPM
0.6% of the fund
-30%
BroadcomAVGO
0.5% of the fund
-23%
MicrosoftMSFT
0.5% of the fund
-22%
CamecoCCJ
0.5% of the fund
-2%
Cisco SystemsCSCO
0.5% of the fund
-5%
TC EnergyTRP
0.5% of the fund
-46%

Sold out

Sold their entire stake.

IamgoldIAG
-100%
Thomson Reuters
-100%
CAECAE
-100%
StarbucksSBUX
-100%
Air Products & ChemicalsAPD
-100%
Amazon.comAMZN
-100%
Coterra EnergyCTRA
-100%
Honeywell InternationalHON
-100%
Centerra GoldCGAU
-100%
Taseko Mines
-100%
Freeport-McMoRanFCX
-100%
United RentalsURI
-100%
Eastman ChemicalEMN
-100%
RTXRTX
-100%
Eli LillyLLY
-100%
NetAppNTAP
-100%
Opendoor TechnologiesOPEN
-100%
Qnity ElectronicsQ
-100%
AlphabetGOOG
-100%
VisaV
-100%
Regeneron PharmaceuticalsREGN
-100%
Westinghouse Air Brake TechnologiesWAB
-100%
TeslaTSLA
-100%
NetflixNFLX
-100%
BoeingBA
-100%

Holdings

Manulife FinancialMFC
Share
4.2%
Value
$148m
Shares
3,657,057
+48%
Spdr Series TrustSPYM
Share
4.0%
Value
$140m
Shares
1,589,216
New
Toronto Dominion BankTD
Share
3.5%
Value
$124m
Shares
1,023,826
-18%
Canadian National RailwayCNI
Share
3.2%
Value
$114m
Shares
955,760
Held
Royal Bank of CanadaRY
Share
3.2%
Value
$114m
Shares
550,736
-50%
Bank of Montreal /canBMO
Share
3.1%
Value
$111m
Shares
626,785
+61%
EmeraEMA
Share
3.0%
Value
$104m
Shares
1,968,235
+10%
Rogers CommunicationsRCI
Share
2.7%
Value
$96m
Shares
2,958,824
+67%
Brookfield Infrastructure PABIP
Share
2.6%
Value
$91m
Shares
2,421,744
-15%
Suncor EnergySU
Share
2.6%
Value
$91m
Shares
1,697,430
-15%
Pembina PipelinePBA
Share
2.4%
Value
$83m
Shares
1,802,664
+6%
Brookfield Asset ManagementBAM
Share
2.1%
Value
$72m
Shares
1,609,078
-3%
Magna InternationalMGA
Share
2.0%
Value
$69m
Shares
1,054,170
-15%
Cenovus EnergyCVE
Share
1.9%
Value
$67m
Shares
2,719,770
-27%
Canadian Imperial Bank of Commerce /canCM
Share
1.8%
Value
$65m
Shares
560,550
+73%
Sun Life FinancialSLF
Share
1.6%
Value
$55m
Shares
699,721
+72%
Gildan ActivewearGIL
Share
1.5%
Value
$52m
Shares
1,014,765
-6%
TelusTU
Share
1.4%
Value
$49m
Shares
4,648,090
+12%
BCEBCE
Share
1.3%
Value
$46m
Shares
2,141,166
-40%
Agnico Eagle MinesAEM
Share
1.3%
Value
$46m
Shares
296,047
+86%
NutrienNTR
Share
1.3%
Value
$44m
Shares
705,295
-18%
EnbridgeENB
Share
1.1%
Value
$40m
Shares
737,763
Held
Restaurant Brands InternationalQSR
Share
1.1%
Value
$39m
Shares
539,861
-17%
EnerflexEFXT
Share
1.1%
Value
$38m
Shares
1,530,780
+541%
OvintivOVV
Share
1.0%
Value
$36m
Shares
686,430
Held
South BowSOBO
Share
1.0%
Value
$36m
Shares
1,015,860
-5%
Open TextOTEX
Share
1.0%
Value
$34m
Shares
1,522,840
+54%
Barrick MiningB
Share
0.9%
Value
$30m
Shares
814,660
-12%
Philip Morris InternationalPM
Share
0.8%
Value
$29m
Shares
157,800
+12%
ShopifySHOP
Share
0.7%
Value
$26m
Shares
229,594
-7%
MerckMRK
Share
0.7%
Value
$26m
Shares
202,100
+16%
Bank of Nova ScotiaBNS
Share
0.7%
Value
$26m
Shares
294,148
-25%
Canadian Natural ResourcesCNQ
Share
0.7%
Value
$25m
Shares
642,070
-22%
AbbVieABBV
Share
0.7%
Value
$24m
Shares
95,230
-12%
Brookfield Renewable EnergyBEP
Share
0.7%
Value
$24m
Shares
690,047
-12%
Texas InstrumentsTXN
Share
0.7%
Value
$23m
Shares
78,100
+6%
SSR MiningSSRM
Share
0.6%
Value
$22m
Shares
774,600
New
Algonquin Power & UtilitiesAQN
Share
0.6%
Value
$22m
Shares
3,714,919
+13%
CelesticaCLS
Share
0.6%
Value
$22m
Shares
59,260
+150%
AlphabetGOOGL
Share
0.6%
Value
$21m
Shares
58,100
-19%
Home DepotHD
Share
0.6%
Value
$20m
Shares
57,400
Held
UnitedHealth GroupUNH
Share
0.6%
Value
$20m
Shares
48,370
+10%
Procter & GamblePG
Share
0.6%
Value
$20m
Shares
135,100
+9%
Wheaton Precious MetalsWPM
Share
0.6%
Value
$20m
Shares
174,590
-30%
BroadcomAVGO
Share
0.5%
Value
$19m
Shares
51,100
-23%
MicrosoftMSFT
Share
0.5%
Value
$19m
Shares
50,500
-22%
PepsiCoPEP
Share
0.5%
Value
$19m
Shares
138,200
+110%
CamecoCCJ
Share
0.5%
Value
$18m
Shares
173,060
-2%
Cisco SystemsCSCO
Share
0.5%
Value
$17m
Shares
148,830
-5%
ChevronCVX
Share
0.5%
Value
$17m
Shares
104,772
+8%
BrookfieldBN
Share
0.5%
Value
$17m
Shares
398,225
Held
TC EnergyTRP
Share
0.5%
Value
$16m
Shares
249,169
-46%
Johnson & JohnsonJNJ
Share
0.5%
Value
$16m
Shares
64,629
+18%
PfizerPFE
Share
0.5%
Value
$16m
Shares
679,300
+10%
McDonald'sMCD
Share
0.5%
Value
$16m
Shares
59,961
+210%
Bank of AmericaBAC
Share
0.5%
Value
$16m
Shares
281,300
+5%
Hudbay MineralsHBM
Share
0.4%
Value
$16m
Shares
669,490
+4%
Franco NevadaFNV
Share
0.4%
Value
$15m
Shares
73,728
-48%
Applied MaterialsAMAT
Share
0.4%
Value
$15m
Shares
21,180
-14%
CVS HealthCVS
Share
0.4%
Value
$15m
Shares
144,300
-20%
Colliers International GroupCIGI
Share
0.4%
Value
$15m
Shares
156,300
+104%
AppleAAPL
Share
0.4%
Value
$15m
Shares
50,400
-31%
Verizon CommunicationsVZ
Share
0.4%
Value
$14m
Shares
341,600
Held
Union PacificUNP
Share
0.4%
Value
$14m
Shares
50,300
-13%
TFI InternationalTFII
Share
0.4%
Value
$14m
Shares
94,600
+25%
Spdr Series TrustDGT
Share
0.4%
Value
$14m
Shares
73,266
Held
Abbott LaboratoriesABT
Share
0.4%
Value
$13m
Shares
143,300
+53%
T-Mobile USTMUS
Share
0.4%
Value
$13m
Shares
75,100
+25%
Kinross GoldKGC
Share
0.3%
Value
$12m
Shares
519,589
-67%
Meta PlatformsMETA
Share
0.3%
Value
$12m
Shares
21,600
-11%
Morgan StanleyMS
Share
0.3%
Value
$12m
Shares
58,100
Held
Coca-ColaKO
Share
0.3%
Value
$12m
Shares
148,100
-31%
Eldorado GoldEGO
Share
0.3%
Value
$12m
Shares
383,150
-29%
Thomson Reuters Corp /canTRI
Share
0.3%
Value
$12m
Shares
145,827
New
NextEra EnergyNEE
Share
0.3%
Value
$12m
Shares
135,000
Held
Wells Fargo & CompanyWFC
Share
0.3%
Value
$12m
Shares
143,200
+124%
Gilead SciencesGILD
Share
0.3%
Value
$11m
Shares
89,900
+78%
MethanexMEOH
Share
0.3%
Value
$11m
Shares
242,300
-19%
JPMorgan ChaseJPM
Share
0.3%
Value
$11m
Shares
33,700
-25%
SprottSII
Share
0.3%
Value
$11m
Shares
93,800
Held
Duke EnergyDUK
Share
0.3%
Value
$10m
Shares
82,200
Held
AmphenolAPH
Share
0.3%
Value
$10m
Shares
58,100
Held
US BancorpUSB
Share
0.3%
Value
$10m
Shares
169,600
Held
Baytex EnergyBTE
Share
0.3%
Value
$10m
Shares
2,527,500
-61%
Vermilion EnergyVET
Share
0.3%
Value
$9m
Shares
997,500
-32%
Kimberly-ClarkKMB
Share
0.3%
Value
$9m
Shares
84,400
-4%
AT&TT
Share
0.3%
Value
$9m
Shares
444,200
+6%
Lockheed MartinLMT
Share
0.3%
Value
$9m
Shares
18,000
+7%
Walt DisneyDIS
Share
0.3%
Value
$9m
Shares
94,400
Held
United Parcel ServiceUPS
Share
0.3%
Value
$9m
Shares
83,500
+25%
Altria GroupMO
Share
0.3%
Value
$9m
Shares
124,200
Held
West Fraser TimberWFG
Share
0.3%
Value
$9m
Shares
131,000
-34%
Keurig Dr PepperKDP
Share
0.3%
Value
$9m
Shares
269,200
+3%
PNC Financial Services GroupPNC
Share
0.2%
Value
$9m
Shares
35,400
-2%
TransaltaTAC
Share
0.2%
Value
$9m
Shares
627,000
-57%
Bristol-Myers SquibbBMY
Share
0.2%
Value
$9m
Shares
148,700
+42%
Hewlett Packard EnterpriseHPE
Share
0.2%
Value
$8m
Shares
187,000
+35%
SempraSRE
Share
0.2%
Value
$8m
Shares
90,800
+2%
State STR Spdr S&P 500 ETF TSPY
Share
0.2%
Value
$8m
Shares
10,985
Held
Valero EnergyVLO
Share
0.2%
Value
$8m
Shares
31,400
+749%

Company	Share of fund	Value	Shares	Change
Manulife FinancialMFC	4.2%	$148m	3,657,057	+48%
Spdr Series TrustSPYM	4.0%	$140m	1,589,216	New
Toronto Dominion BankTD	3.5%	$124m	1,023,826	-18%
Canadian National RailwayCNI	3.2%	$114m	955,760	Held
Royal Bank of CanadaRY	3.2%	$114m	550,736	-50%
Bank of Montreal /canBMO	3.1%	$111m	626,785	+61%
EmeraEMA	3.0%	$104m	1,968,235	+10%
Rogers CommunicationsRCI	2.7%	$96m	2,958,824	+67%
Brookfield Infrastructure PABIP	2.6%	$91m	2,421,744	-15%
Suncor EnergySU	2.6%	$91m	1,697,430	-15%
Pembina PipelinePBA	2.4%	$83m	1,802,664	+6%
Brookfield Asset ManagementBAM	2.1%	$72m	1,609,078	-3%
Magna InternationalMGA	2.0%	$69m	1,054,170	-15%
Cenovus EnergyCVE	1.9%	$67m	2,719,770	-27%
Canadian Imperial Bank of Commerce /canCM	1.8%	$65m	560,550	+73%
Sun Life FinancialSLF	1.6%	$55m	699,721	+72%
Gildan ActivewearGIL	1.5%	$52m	1,014,765	-6%
TelusTU	1.4%	$49m	4,648,090	+12%
BCEBCE	1.3%	$46m	2,141,166	-40%
Agnico Eagle MinesAEM	1.3%	$46m	296,047	+86%
NutrienNTR	1.3%	$44m	705,295	-18%
EnbridgeENB	1.1%	$40m	737,763	Held
Restaurant Brands InternationalQSR	1.1%	$39m	539,861	-17%
EnerflexEFXT	1.1%	$38m	1,530,780	+541%
OvintivOVV	1.0%	$36m	686,430	Held
South BowSOBO	1.0%	$36m	1,015,860	-5%
Open TextOTEX	1.0%	$34m	1,522,840	+54%
Barrick MiningB	0.9%	$30m	814,660	-12%
Philip Morris InternationalPM	0.8%	$29m	157,800	+12%
ShopifySHOP	0.7%	$26m	229,594	-7%
MerckMRK	0.7%	$26m	202,100	+16%
Bank of Nova ScotiaBNS	0.7%	$26m	294,148	-25%
Canadian Natural ResourcesCNQ	0.7%	$25m	642,070	-22%
AbbVieABBV	0.7%	$24m	95,230	-12%
Brookfield Renewable EnergyBEP	0.7%	$24m	690,047	-12%
Texas InstrumentsTXN	0.7%	$23m	78,100	+6%
SSR MiningSSRM	0.6%	$22m	774,600	New
Algonquin Power & UtilitiesAQN	0.6%	$22m	3,714,919	+13%
CelesticaCLS	0.6%	$22m	59,260	+150%
AlphabetGOOGL	0.6%	$21m	58,100	-19%
Home DepotHD	0.6%	$20m	57,400	Held
UnitedHealth GroupUNH	0.6%	$20m	48,370	+10%
Procter & GamblePG	0.6%	$20m	135,100	+9%
Wheaton Precious MetalsWPM	0.6%	$20m	174,590	-30%
BroadcomAVGO	0.5%	$19m	51,100	-23%
MicrosoftMSFT	0.5%	$19m	50,500	-22%
PepsiCoPEP	0.5%	$19m	138,200	+110%
CamecoCCJ	0.5%	$18m	173,060	-2%
Cisco SystemsCSCO	0.5%	$17m	148,830	-5%
ChevronCVX	0.5%	$17m	104,772	+8%
BrookfieldBN	0.5%	$17m	398,225	Held
TC EnergyTRP	0.5%	$16m	249,169	-46%
Johnson & JohnsonJNJ	0.5%	$16m	64,629	+18%
PfizerPFE	0.5%	$16m	679,300	+10%
McDonald'sMCD	0.5%	$16m	59,961	+210%
Bank of AmericaBAC	0.5%	$16m	281,300	+5%
Hudbay MineralsHBM	0.4%	$16m	669,490	+4%
Franco NevadaFNV	0.4%	$15m	73,728	-48%
Applied MaterialsAMAT	0.4%	$15m	21,180	-14%
CVS HealthCVS	0.4%	$15m	144,300	-20%
Colliers International GroupCIGI	0.4%	$15m	156,300	+104%
AppleAAPL	0.4%	$15m	50,400	-31%
Verizon CommunicationsVZ	0.4%	$14m	341,600	Held
Union PacificUNP	0.4%	$14m	50,300	-13%
TFI InternationalTFII	0.4%	$14m	94,600	+25%
Spdr Series TrustDGT	0.4%	$14m	73,266	Held
Abbott LaboratoriesABT	0.4%	$13m	143,300	+53%
T-Mobile USTMUS	0.4%	$13m	75,100	+25%
Kinross GoldKGC	0.3%	$12m	519,589	-67%
Meta PlatformsMETA	0.3%	$12m	21,600	-11%
Morgan StanleyMS	0.3%	$12m	58,100	Held
Coca-ColaKO	0.3%	$12m	148,100	-31%
Eldorado GoldEGO	0.3%	$12m	383,150	-29%
Thomson Reuters Corp /canTRI	0.3%	$12m	145,827	New
NextEra EnergyNEE	0.3%	$12m	135,000	Held
Wells Fargo & CompanyWFC	0.3%	$12m	143,200	+124%
Gilead SciencesGILD	0.3%	$11m	89,900	+78%
MethanexMEOH	0.3%	$11m	242,300	-19%
JPMorgan ChaseJPM	0.3%	$11m	33,700	-25%
SprottSII	0.3%	$11m	93,800	Held
Duke EnergyDUK	0.3%	$10m	82,200	Held
AmphenolAPH	0.3%	$10m	58,100	Held
US BancorpUSB	0.3%	$10m	169,600	Held
Baytex EnergyBTE	0.3%	$10m	2,527,500	-61%
Vermilion EnergyVET	0.3%	$9m	997,500	-32%
Kimberly-ClarkKMB	0.3%	$9m	84,400	-4%
AT&TT	0.3%	$9m	444,200	+6%
Lockheed MartinLMT	0.3%	$9m	18,000	+7%
Walt DisneyDIS	0.3%	$9m	94,400	Held
United Parcel ServiceUPS	0.3%	$9m	83,500	+25%
Altria GroupMO	0.3%	$9m	124,200	Held
West Fraser TimberWFG	0.3%	$9m	131,000	-34%
Keurig Dr PepperKDP	0.3%	$9m	269,200	+3%
PNC Financial Services GroupPNC	0.2%	$9m	35,400	-2%
TransaltaTAC	0.2%	$9m	627,000	-57%
Bristol-Myers SquibbBMY	0.2%	$9m	148,700	+42%
Hewlett Packard EnterpriseHPE	0.2%	$8m	187,000	+35%
SempraSRE	0.2%	$8m	90,800	+2%
State STR Spdr S&P 500 ETF TSPY	0.2%	$8m	10,985	Held
Valero EnergyVLO	0.2%	$8m	31,400	+749%

Showing the largest 100 of 210.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 19.1% since 30 June 2025.

Where the money is

Financial services24.0%

Energy12.9%

Materials8.5%

Media & telecom8.2%

Technology8.0%

Utilities6.6%

Industrials6.5%

Retail & consumer6.0%

Health care4.5%

Everyday goods4.0%

Real estate2.8%

Other7.9%

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.