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Asset Manager ← All Institutions

Caisse de depot et placement du Quebec

Q4 2025 · Filed 2026-02-17
Market Value
$58.5B
+6.0%
Holdings
613
+31
New Purchases
82
Added To
237
Closed
79
Reduced
192
Top 10 Concentration
28.4%
Turnover
26.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 3.33% 2.38% +0.96% $2.0B
HYG 0.70% 0.00% +0.70% $408M
GIL 0.67% 0.04% +0.63% $391M
LLY 1.17% 0.79% +0.38% $684M
GDX 0.37% 0.00% +0.37% $219M
AMZN 2.27% 1.90% +0.37% $1.3B
TFII 1.25% 0.91% +0.35% $733M
VTV 0.34% 0.00% +0.34% $200M
AMAT 0.37% 0.08% +0.29% $219M
WMT 0.56% 0.28% +0.27% $327M
GM 0.34% 0.08% +0.26% $199M
KLAC 0.46% 0.20% +0.26% $269M
C 0.56% 0.31% +0.25% $329M
RSP 0.25% 0.00% +0.25% $145M
BKNG 0.66% 0.45% +0.21% $386M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 4.28% 4.99% -0.71% $2.5B
CSCO 0.47% 1.06% -0.59% $272M
RSG 0.00% 0.55% -0.55% $0
XLV 0.39% 0.85% -0.45% $229M
NFLX 0.40% 0.79% -0.40% $231M
MSFT 4.23% 4.60% -0.37% $2.5B
PG 0.43% 0.78% -0.35% $251M
ORCL 0.00% 0.35% -0.35% $0
META 1.87% 2.17% -0.30% $1.1B
AZO 0.13% 0.42% -0.28% $79M
VZ 0.00% 0.28% -0.28% $0
EMB 0.01% 0.26% -0.26% $4M
BRO 0.15% 0.40% -0.25% $88M
VLUE 0.10% 0.34% -0.24% $57M
GE 0.16% 0.40% -0.23% $96M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 52 $24.5B 41.9%
Large Cap 447 $30.7B 52.4%
Mid Cap 104 $3.0B 5.1%
Small Cap 8 $297M 0.5%
Micro Cap 2 $41M 0.1%

Portfolio Analytics

Avg Market Cap
$117.5B
Median Market Cap
$28.4B
Avg P/E
32.6
Median P/E
23.7
Avg Dividend Yield
0.02%
Avg Beta
1.00
# Stocks
595
# ETFs / Funds
18

Top Holdings (613 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 4.50% 9,695,513 $2.6B $271.86 $204M +145,390 +1.5%
2 NVDA 4.28% 13,447,527 $2.5B $186.50 -$248M -1,324,240 -9.0%
3 MSFT 4.23% 5,119,538 $2.5B $483.62 -$66M +212,405 +4.3%
4 GOOGL 3.33% 6,235,987 $2.0B $313.00 $639M +835,985 +15.5%
5 GIB 2.57% 16,290,487 $1.5B $92.49 $55M
6 CNI 2.35% 13,894,922 $1.4B $99.03 $65M
7 AMZN 2.27% 5,750,851 $1.3B $230.82 $277M +969,125 +20.3%
8 META 1.87% 1,655,608 $1.1B $660.09 -$106M +22,726 +1.4%
9 CAE 1.61% 30,917,402 $941M $30.45 $26M
10 BCE 1.39% 34,107,306 $815M $23.88 $17M
11 MA 1.34% 1,372,595 $784M $570.88 $42M +68,361 +5.2%
12 BRK-B 1.27% 1,483,667 $746M $502.65 -$52M -102,247 -6.5%
13 JPM 1.26% 2,290,823 $738M $322.22 $148M +418,434 +22.4%
14 TFII 1.25% 7,085,634 $733M $103.50 $233M +1,402,273 +24.7%
15 AVGO 1.25% 2,110,522 $730M $346.10 -$60M -284,403 -11.9%
16 BMO 1.20% 5,419,567 $705M $130.04 -$2M
17 LLY 1.17% 636,410 $684M $1,074.68 $249M +65,741 +11.5%
18 JNJ 0.98% 2,770,621 $573M $206.95 -$83M -771,989 -21.8%
19 MRK 0.74% 4,131,458 $435M $105.26 $35M -635,612 -13.3%
20 TSLA 0.74% 962,740 $433M $449.72 $71M +148,631 +18.3%
21 LRCX 0.72% 2,478,680 $424M $171.18 $80M -89,899 -3.5%
22 HYG 0.70% 5,059,724 $408M $80.63 +5,059,724 NEW
23 GIL 0.67% 6,240,014 $391M $62.59 $370M +5,892,514 +1695.7%
24 BKNG 0.66% 72,123 $386M $5,355.33 $136M +25,772 +55.6%
25 USHY 0.64% 10,057,165 $376M $37.39 $91M +2,500,000 +33.1%
26 PGR 0.64% 1,644,946 $375M $227.72 $59M +366,540 +28.7%
27 ABBV 0.63% 1,623,784 $371M $228.49 $30M +152,444 +10.4%
28 GOOG 0.60% 1,117,155 $351M $313.80 -$42M -494,743 -30.7%
29 COST 0.59% 401,220 $346M $862.34 -$41M -17,218 -4.1%
30 BAC 0.59% 6,247,907 $344M $55.00 $63M +814,631 +15.0%
31 RY 0.57% 1,969,337 $336M $170.70 $50M +30,422 +1.6%
32 C 0.56% 2,820,123 $329M $116.69 $156M +1,115,682 +65.5%
33 WFC 0.56% 3,519,745 $328M $93.20 $97M +763,590 +27.7%
34 WMT 0.56% 2,938,312 $327M $111.41 $170M +1,411,925 +92.5%
35 PEP 0.56% 2,277,244 $327M $143.52 -$38M -320,742 -12.3%
36 CRM 0.55% 1,207,553 $320M $264.91 $46M +52,517 +4.5%
37 UNH 0.54% 966,104 $319M $330.11 $29M +125,256 +14.9%
38 NEE 0.51% 3,715,931 $298M $80.28 $128M +1,456,185 +64.4%
39 LSPD 0.50% 24,286,219 $293M $12.08 $13M
40 ADBE 0.48% 808,489 $283M $349.99 $10M +35,810 +4.6%
41 MU 0.48% 979,360 $280M $285.41 $124M +50,020 +5.4%
42 XLP 0.47% 3,553,440 $276M $77.68 -$2M +5,229 +0.1%
43 CSCO 0.47% 3,534,307 $272M $77.03 -$311M -4,983,711 -58.5%
44 KLAC 0.46% 221,195 $269M $1,215.08 $159M +119,504 +117.5%
45 UBER 0.46% 3,266,590 $267M $81.71 $47M +1,023,578 +45.6%
46 REGN 0.45% 342,319 $264M $771.87 $4M -120,183 -26.0%
47 T 0.43% 10,233,907 $254M $24.84 -$53M -631,546 -5.8%
48 PG 0.43% 1,751,915 $251M $143.31 -$179M -1,047,840 -37.4%
49 ANET 0.43% 1,914,860 $251M $131.03 -$915K +186,636 +10.8%
50 CAT 0.42% 424,849 $243M $572.87 $63M +46,691 +12.3%
51 ABT 0.40% 1,878,629 $235M $125.29 $40M +420,060 +28.8%
52 DUK 0.40% 2,008,031 $235M $117.21 -$88M -605,564 -23.2%
53 PHM 0.40% 1,987,436 $233M $117.26 $19M +367,409 +22.7%
54 NFLX 0.40% 2,468,838 $231M $93.76 -$207M +2,103,214 +575.2%
55 XLV 0.39% 1,478,334 $229M $154.80 -$238M -1,876,106 -55.9%
56 SHOP 0.39% 1,411,721 $228M $161.23 $28M +71,651 +5.3%
57 GDX 0.37% 2,553,000 $219M $85.77 +2,553,000 NEW
58 BN 0.37% 4,760,394 $219M $45.97 $31M +2,020,106 +73.7%
59 AMAT 0.37% 850,534 $219M $256.99 $174M +633,882 +292.6%
60 LQD 0.37% 1,980,100 $218M $110.19 -$59M -506,912 -20.4%
61 TD 0.36% 2,262,489 $214M $94.37 $25M -97,511 -4.1%
62 GS 0.35% 231,811 $204M $879.00 $47M +35,422 +18.0%
63 VTV 0.34% 1,046,001 $200M $190.99 +1,046,001 NEW
64 GM 0.34% 2,446,982 $199M $81.32 $155M +1,732,852 +242.7%
65 ABC 0.33% 575,884 $195M $337.75 -$82M -307,576 -34.8%
66 EME 0.32% 310,595 $190M $611.79 -$2M +14,560 +4.9%
67 ULTA 0.32% 313,254 $190M $605.01 $28M +17,421 +5.9%
68 NVR 0.31% 24,783 $181M $7,292.77 $8M +3,302 +15.4%
69 DHR 0.29% 736,261 $169M $228.92 $48M +128,344 +21.1%
70 HIG 0.29% 1,222,489 $168M $137.80 $30M +184,636 +17.8%
71 IDXX 0.29% 248,701 $168M $676.53 $70M +94,495 +61.3%
72 CTAS 0.28% 878,928 $165M $188.07 -$37M -105,255 -10.7%
73 AIG 0.28% 1,909,371 $163M $85.55 -$11M -306,913 -13.8%
74 ZM 0.28% 1,874,701 $162M $86.29 $40M +393,598 +26.6%
75 DB 0.27% 4,128,475 $161M $38.88 $89M +2,106,594 +104.2%
76 AMD 0.27% 725,433 $155M $214.16 $96M +355,611 +96.2%
77 EXPD 0.26% 1,029,722 $153M $149.01 $22M -41,253 -3.9%
78 TJX 0.26% 997,262 $153M $153.61 $75M +453,429 +83.4%
79 INTU 0.26% 229,156 $152M $662.42 -$27M -32,612 -12.5%
80 APH 0.26% 1,118,428 $151M $135.14 $43M +243,078 +27.8%
81 LIN 0.25% 345,556 $147M $426.39 $65M +172,349 +99.5%
82 RSP 0.25% 757,000 $145M $191.56 +757,000 NEW
83 UTHR 0.25% 296,320 $144M $487.25 $103M +198,183 +201.9%
84 BDX 0.24% 730,570 $142M $194.07 $68M +334,753 +84.6%
85 NEM 0.24% 1,417,159 $142M $99.85 -$28M -598,175 -29.7%
86 ISRG 0.24% 244,132 $138M $566.36 $24M -11,562 -4.5%
87 BSX 0.24% 1,446,092 $138M $95.35 $7M +104,605 +7.8%
88 BKR 0.23% 3,005,647 $137M $45.54 $49M +1,208,999 +67.3%
89 ICE 0.23% 843,781 $137M $161.96 -$11M -30,236 -3.5%
90 TMUS 0.23% 660,513 $134M $203.04 $3M +113,205 +20.7%
91 ABNB 0.23% 984,268 $134M $135.72 $31M +135,393 +15.9%
92 CEG 0.22% 370,268 $131M $353.27 -$12M -64,311 -14.8%
93 PSA 0.22% 503,139 $131M $259.50 $28M +149,480 +42.3%
94 LULU 0.22% 627,749 $130M $207.81 $17M -10,971 -1.7%
95 LPLA 0.22% 363,462 $130M $357.17 $26M +52,530 +16.9%
96 TROW 0.22% 1,255,283 $129M $102.38 -$6M -51,639 -4.0%
97 DECK 0.22% 1,236,750 $128M $103.67 $2M -9,776 -0.8%
98 HD 0.22% 372,213 $128M $344.10 -$45M -54,023 -12.7%
99 CTSH 0.22% 1,536,046 $127M $83.00 $13M -170,980 -10.0%
100 BLK 0.22% 118,657 $127M $1,070.34 $41M +44,754 +60.6%

New Positions

SymbolValue% Port
HYG $408M 0.70%
GDX $219M 0.37%
VTV $200M 0.34%
RSP $145M 0.25%
DAL $50M 0.08%
FITB $41M 0.07%
STLA $39M 0.07%
F-PD $37M 0.06%
TEL $35M 0.06%
BLDR $34M 0.06%
CHRW $34M 0.06%
AER $33M 0.06%
GD $33M 0.06%
STX $32M 0.05%
YUM $29M 0.05%

Sold Out Positions

SymbolValue% Port
ESTC —%
ALB —%
ACI —%
EMN —%
OC —%
M —%
FDS —%
SON —%
ALLY —%
CE —%
PRMB —%
DRI —%
MIAX —%
MDU —%
VZ —%
View SEC EDGAR Filings for Caisse de depot et placement du Quebec →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms