Mufg Securities (canada)

NEW YORK, NYfiles as MUFG SECURITIES (CANADA), LTD.

$3.7bn in 43 US stocks at the end of 30 June 2026. The top 10 are 59.6% of the money. It changed about 9.4% of the portfolio this quarter.

Value

$3.7bn

Stocks

Top 10 share

59.6%

Turnover

9.4%

What changed this quarter

New

Bought for the first time this quarter.

Thomson Reuters Corp /canTRI
0.4% of the fund

Added

Bought more of a stock they already held.

TC EnergyTRP
8.0% of the fund
+38%
Canadian Natural ResourcesCNQ
6.8% of the fund
+106%
TelusTU
0.6% of the fund
+3%

Cut

Sold some of their stake.

Royal Bank of CanadaRY
11.0% of the fund
-5%
Toronto Dominion BankTD
7.7% of the fund
-5%
ShopifySHOP
5.3% of the fund
-5%
Bank of Montreal /canBMO
4.7% of the fund
-5%
EnbridgeENB
4.5% of the fund
-5%
Bank of Nova ScotiaBNS
4.1% of the fund
-5%
Canadian Imperial Bank of Commerce /canCM
4.0% of the fund
-6%
BrookfieldBN
3.5% of the fund
-8%
Agnico Eagle MinesAEM
3.0% of the fund
-3%
Canadian Pacific Kansas CityCP
2.9% of the fund
-6%
Manulife FinancialMFC
2.6% of the fund
-5%
Canadian National RailwayCNI
2.5% of the fund
-5%
Suncor EnergySU
2.4% of the fund
-5%
Barrick MiningB
2.3% of the fund
-5%
Wheaton Precious MetalsWPM
1.9% of the fund
-5%
CamecoCCJ
1.7% of the fund
-5%
Sun Life FinancialSLF
1.7% of the fund
-5%
Waste ConnectionsWCN
1.6% of the fund
-5%
CelesticaCLS
1.6% of the fund
-5%
Franco NevadaFNV
1.5% of the fund
-5%
Cenovus EnergyCVE
1.3% of the fund
-5%
NutrienNTR
1.2% of the fund
-5%
FortisFTS
1.1% of the fund
-4%
Kinross GoldKGC
1.1% of the fund
-5%
Pembina PipelinePBA
1.0% of the fund
-5%

Sold out

Sold their entire stake.

Thomson Reuters
-100%

Holdings

Royal Bank of CanadaRY
Share
11.0%
Value
$409m
Shares
1,977,134
-5%
TC EnergyTRP
Share
8.0%
Value
$296m
Shares
4,473,642
+38%
Toronto Dominion BankTD
Share
7.7%
Value
$287m
Shares
2,364,122
-5%
Canadian Natural ResourcesCNQ
Share
6.8%
Value
$251m
Shares
6,350,644
+106%
ShopifySHOP
Share
5.3%
Value
$197m
Shares
1,725,549
-5%
Bank of Montreal /canBMO
Share
4.7%
Value
$175m
Shares
991,466
-5%
EnbridgeENB
Share
4.5%
Value
$167m
Shares
3,088,830
-5%
Bank of Nova ScotiaBNS
Share
4.1%
Value
$151m
Shares
1,738,562
-5%
Canadian Imperial Bank of Commerce /canCM
Share
4.0%
Value
$150m
Shares
1,301,918
-6%
BrookfieldBN
Share
3.5%
Value
$129m
Shares
3,022,165
-8%
Agnico Eagle MinesAEM
Share
3.0%
Value
$112m
Shares
719,467
-3%
Canadian Pacific Kansas CityCP
Share
2.9%
Value
$109m
Shares
1,255,756
-6%
Manulife FinancialMFC
Share
2.6%
Value
$96m
Shares
2,360,746
-5%
Canadian National RailwayCNI
Share
2.5%
Value
$91m
Shares
765,088
-5%
Suncor EnergySU
Share
2.4%
Value
$90m
Shares
1,670,236
-5%
Barrick MiningB
Share
2.3%
Value
$87m
Shares
2,370,106
-5%
Wheaton Precious MetalsWPM
Share
1.9%
Value
$72m
Shares
642,347
-5%
CamecoCCJ
Share
1.7%
Value
$63m
Shares
616,087
-5%
Sun Life FinancialSLF
Share
1.7%
Value
$61m
Shares
783,684
-5%
Waste ConnectionsWCN
Share
1.6%
Value
$60m
Shares
361,031
-5%
CelesticaCLS
Share
1.6%
Value
$59m
Shares
162,633
-5%
Franco NevadaFNV
Share
1.5%
Value
$57m
Shares
272,806
-5%
Cenovus EnergyCVE
Share
1.3%
Value
$47m
Shares
1,909,564
-5%
NutrienNTR
Share
1.2%
Value
$43m
Shares
680,109
-5%
FortisFTS
Share
1.1%
Value
$41m
Shares
720,199
-4%
Kinross GoldKGC
Share
1.1%
Value
$40m
Shares
1,687,005
-5%
Pembina PipelinePBA
Share
1.0%
Value
$38m
Shares
822,347
-5%
Teck ResourcesTECK
Share
1.0%
Value
$38m
Shares
634,071
-5%
Restaurant Brands InternationalQSR
Share
1.0%
Value
$36m
Shares
491,312
-4%
BCEBCE
Share
0.8%
Value
$28m
Shares
1,319,114
-5%
Brookfield Asset ManagementBAM
Share
0.6%
Value
$24m
Shares
532,989
-5%
Imperial OilIMO
Share
0.6%
Value
$24m
Shares
212,062
-5%
Magna InternationalMGA
Share
0.6%
Value
$24m
Shares
361,974
-7%
Brookfield Infrastructure PABIP
Share
0.6%
Value
$24m
Shares
647,312
-5%
TelusTU
Share
0.6%
Value
$23m
Shares
2,208,650
+3%
EmeraEMA
Share
0.6%
Value
$23m
Shares
432,773
-3%
Rogers CommunicationsRCI
Share
0.5%
Value
$18m
Shares
546,260
-5%
CGIGIB
Share
0.5%
Value
$17m
Shares
264,997
-6%
Thomson Reuters Corp /canTRI
Share
0.4%
Value
$15m
Shares
185,253
New
Gildan ActivewearGIL
Share
0.4%
Value
$13m
Shares
261,950
-5%
CAECAE
Share
0.3%
Value
$11m
Shares
454,829
-5%
FirstServiceFSV
Share
0.2%
Value
$8m
Shares
58,540
-4%
Open TextOTEX
Share
0.2%
Value
$8m
Shares
342,649
-8%

Company	Share of fund	Value	Shares	Change
Royal Bank of CanadaRY	11.0%	$409m	1,977,134	-5%
TC EnergyTRP	8.0%	$296m	4,473,642	+38%
Toronto Dominion BankTD	7.7%	$287m	2,364,122	-5%
Canadian Natural ResourcesCNQ	6.8%	$251m	6,350,644	+106%
ShopifySHOP	5.3%	$197m	1,725,549	-5%
Bank of Montreal /canBMO	4.7%	$175m	991,466	-5%
EnbridgeENB	4.5%	$167m	3,088,830	-5%
Bank of Nova ScotiaBNS	4.1%	$151m	1,738,562	-5%
Canadian Imperial Bank of Commerce /canCM	4.0%	$150m	1,301,918	-6%
BrookfieldBN	3.5%	$129m	3,022,165	-8%
Agnico Eagle MinesAEM	3.0%	$112m	719,467	-3%
Canadian Pacific Kansas CityCP	2.9%	$109m	1,255,756	-6%
Manulife FinancialMFC	2.6%	$96m	2,360,746	-5%
Canadian National RailwayCNI	2.5%	$91m	765,088	-5%
Suncor EnergySU	2.4%	$90m	1,670,236	-5%
Barrick MiningB	2.3%	$87m	2,370,106	-5%
Wheaton Precious MetalsWPM	1.9%	$72m	642,347	-5%
CamecoCCJ	1.7%	$63m	616,087	-5%
Sun Life FinancialSLF	1.7%	$61m	783,684	-5%
Waste ConnectionsWCN	1.6%	$60m	361,031	-5%
CelesticaCLS	1.6%	$59m	162,633	-5%
Franco NevadaFNV	1.5%	$57m	272,806	-5%
Cenovus EnergyCVE	1.3%	$47m	1,909,564	-5%
NutrienNTR	1.2%	$43m	680,109	-5%
FortisFTS	1.1%	$41m	720,199	-4%
Kinross GoldKGC	1.1%	$40m	1,687,005	-5%
Pembina PipelinePBA	1.0%	$38m	822,347	-5%
Teck ResourcesTECK	1.0%	$38m	634,071	-5%
Restaurant Brands InternationalQSR	1.0%	$36m	491,312	-4%
BCEBCE	0.8%	$28m	1,319,114	-5%
Brookfield Asset ManagementBAM	0.6%	$24m	532,989	-5%
Imperial OilIMO	0.6%	$24m	212,062	-5%
Magna InternationalMGA	0.6%	$24m	361,974	-7%
Brookfield Infrastructure PABIP	0.6%	$24m	647,312	-5%
TelusTU	0.6%	$23m	2,208,650	+3%
EmeraEMA	0.6%	$23m	432,773	-3%
Rogers CommunicationsRCI	0.5%	$18m	546,260	-5%
CGIGIB	0.5%	$17m	264,997	-6%
Thomson Reuters Corp /canTRI	0.4%	$15m	185,253	New
Gildan ActivewearGIL	0.4%	$13m	261,950	-5%
CAECAE	0.3%	$11m	454,829	-5%
FirstServiceFSV	0.2%	$8m	58,540	-4%
Open TextOTEX	0.2%	$8m	342,649	-8%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 12.9% since 30 June 2025.

Where the money is

Financial services36.4%

Energy16.6%

Materials13.8%

Utilities11.3%

Technology7.4%

Industrials5.8%

Real estate3.7%

Media & telecom2.3%

Retail & consumer2.0%

Other0.6%

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.