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Asset Manager ← All Institutions

ONTARIO TEACHERS PENSION PLAN BOARD

Q4 2025 · Filed 2026-02-13
Market Value
$4.2B
+3.3%
Holdings
179
-145
New Purchases
26
Added To
59
Closed
40
Reduced
51
Top 10 Concentration
73.7%
Turnover
36.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HYG 21.02% 10.09% +10.94% $891M
CARR 2.36% 0.00% +2.36% $100M
NVDA 3.24% 2.20% +1.04% $137M
BURL 1.70% 0.72% +0.98% $72M
META 0.72% 0.00% +0.72% $30M
CMI 3.78% 3.31% +0.47% $160M
COF 4.88% 4.58% +0.30% $207M
SA 1.16% 0.88% +0.29% $49M
ROK 3.23% 2.95% +0.27% $137M
DIS 1.97% 1.70% +0.27% $84M
EW 0.27% 0.00% +0.27% $11M
ZBH 0.25% 0.00% +0.25% $10M
ABBV 1.50% 1.33% +0.17% $64M
TEAM 2.74% 2.59% +0.15% $116M
PSA 0.20% 0.05% +0.15% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GFL 22.76% 28.04% -5.28% $964M
HON 0.00% 3.29% -3.29% $0
MSFT 0.00% 2.86% -2.86% $0
PONY 2.22% 3.56% -1.34% $94M
BLK 0.00% 1.20% -1.20% $0
PINS 0.00% 1.17% -1.17% $0
LLY 0.00% 0.84% -0.84% $0
PANW 0.00% 0.69% -0.69% $0
T 1.96% 2.55% -0.60% $83M
ZS 0.00% 0.48% -0.48% $0
BAC 3.54% 3.87% -0.34% $150M
HST 0.00% 0.21% -0.21% $0
SWX 0.03% 0.20% -0.17% $1M
MAA 0.01% 0.15% -0.13% $577K
DHR 0.00% 0.12% -0.12% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 13 $688M 16.2%
Large Cap 107 $3.3B 78.0%
Mid Cap 56 $242M 5.7%
Small Cap 3 $2M 0.1%

Portfolio Analytics

Avg Market Cap
$118.7B
Median Market Cap
$16.6B
Avg P/E
31.4
Median P/E
22.0
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
178
# ETFs / Funds
1

Top Holdings (179 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GFL 22.76% 22,450,784 $964M $42.96 -$186M -1,846,726 -7.6%
2 HYG 21.02% 11,050,000 $891M $80.63 $477M +5,950,000 +116.7%
3 COF 4.88% 853,538 $207M $242.36 $19M -31,622 -3.6%
4 WMT 4.36% 1,657,948 $185M $111.41 $10M -36,551 -2.2%
5 CRM 4.19% 669,919 $177M $264.91 $8M -46,122 -6.4%
6 CMI 3.78% 314,074 $160M $510.45 $24M -7,666 -2.4%
7 BAC 3.54% 2,725,808 $150M $55.00 -$9M -356,702 -11.6%
8 NVDA 3.24% 736,225 $137M $186.50 $47M +251,227 +51.8%
9 ROK 3.23% 351,309 $137M $389.07 $16M +4,879 +1.4%
10 TEAM 2.74% 717,272 $116M $162.14 $10M +50,643 +7.6%
11 GE 2.69% 369,652 $114M $308.03 $8M +16,368 +4.6%
12 CARR 2.36% 1,889,464 $100M $52.84 +1,889,464 NEW
13 PONY 2.22% 6,492,530 $94M $14.50 -$52M
14 DIS 1.97% 733,980 $84M $113.77 $14M +125,954 +20.7%
15 T 1.96% 3,335,763 $83M $24.84 -$22M -376,618 -10.1%
16 ROST 1.93% 453,653 $82M $180.14 $7M -39,591 -8.0%
17 BURL 1.70% 249,480 $72M $288.85 $42M +133,303 +114.7%
18 ABBV 1.50% 278,403 $64M $228.49 $9M +42,656 +18.1%
19 SA 1.16% 1,664,634 $49M $29.65 $13M +174,219 +11.7%
20 META 0.72% 46,006 $30M $660.09 +46,006 NEW
21 BSX 0.51% 224,925 $21M $95.35 $1M +20,121 +9.8%
22 TMO 0.31% 22,680 $13M $579.45 $2M -988 -4.2%
23 EW 0.27% 134,451 $11M $85.25 +134,451 NEW
24 ZBH 0.25% 115,588 $10M $89.92 +115,588 NEW
25 PSA 0.20% 32,963 $9M $259.50 $6M +25,237 +326.6%
26 NSA 0.17% 255,436 $7M $28.21 $1M +54,741 +27.3%
27 WPC 0.17% 110,488 $7M $64.36 -$1M -12,056 -9.8%
28 CPT 0.16% 62,603 $7M $110.08 -$217K -3,971 -6.0%
29 POR 0.16% 138,817 $7M $47.99 $2M +23,844 +20.7%
30 DOC 0.15% 386,667 $6M $16.08 $924K +110,228 +39.9%
31 SAM 0.14% 30,673 $6M $195.13 $458K +4,532 +17.3%
32 LAMR 0.14% 45,741 $6M $126.58 -$3M -27,079 -37.2%
33 COST 0.13% 6,187 $5M $862.34 $149K +584 +10.4%
34 PK 0.12% 502,374 $5M $10.46 -$906K -53,639 -9.7%
35 FE 0.12% 114,924 $5M $44.77 $1M +28,235 +32.6%
36 WEC 0.12% 48,490 $5M $105.46 $3M +29,567 +156.2%
37 OHI 0.11% 108,273 $5M $44.34 -$62K -6,917 -6.0%
38 GIS 0.11% 99,455 $5M $46.50 -$313K +1,523 +1.6%
39 CUBE 0.11% 128,189 $5M $36.05 +128,189 NEW
40 ADM 0.11% 79,629 $5M $57.49 $963K +19,119 +31.6%
41 INVH 0.10% 153,639 $4M $27.79 +153,639 NEW
42 TXRH 0.09% 23,909 $4M $166.00 -$739K -4,425 -15.6%
43 VTR 0.09% 51,241 $4M $77.38 $4M +46,033 +883.9%
44 YETI 0.09% 87,847 $4M $44.17 $243K -21,759 -19.9%
45 SUI 0.09% 31,096 $4M $123.91 $3M +20,722 +199.8%
46 BKH 0.09% 54,852 $4M $69.42 -$603K -16,759 -23.4%
47 KHC 0.09% 156,374 $4M $24.25 -$411K -5,023 -3.1%
48 EVRG 0.09% 50,959 $4M $72.49 -$2M -25,399 -33.3%
49 CCI 0.09% 41,150 $4M $88.87 $1M +17,977 +77.6%
50 NYT 0.08% 51,167 $4M $69.42 $2M +23,750 +86.6%
51 EXPE 0.08% 12,537 $4M $283.31 $2M +3,786 +43.3%
52 LEA 0.08% 30,948 $4M $114.60 $2M +20,539 +197.3%
53 AEP 0.08% 30,724 $4M $115.31 $915K +7,362 +31.5%
54 BC 0.08% 47,235 $4M $74.24 $174K -5,459 -10.4%
55 CL 0.08% 40,234 $3M $79.02 $181K +2,732 +7.3%
56 PII 0.07% 49,871 $3M $63.25 $177K -1,353 -2.6%
57 USFD 0.07% 41,554 $3M $75.32 $438K +6,417 +18.3%
58 CMG 0.07% 83,693 $3M $37.00 $103K +7,300 +9.6%
59 UGI 0.07% 82,360 $3M $37.43 -$3M -108,236 -56.8%
60 DTE 0.07% 23,174 $3M $128.98 -$4M -26,883 -53.7%
61 OGS 0.07% 37,880 $3M $77.25 $694K +10,296 +37.3%
62 DPZ 0.07% 7,008 $3M $416.82 -$939K -1,933 -21.6%
63 TSCO 0.07% 58,121 $3M $50.01 $1M +30,149 +107.8%
64 MUSA 0.07% 7,192 $3M $403.52 -$296K -1,046 -12.7%
65 GNTX 0.07% 124,102 $3M $23.27 $485K +39,207 +46.2%
66 BKNG 0.07% 519 $3M $5,355.33 -$1M -224 -30.1%
67 TAP 0.07% 59,252 $3M $46.68 +59,252 NEW
68 AEE 0.06% 27,470 $3M $99.86 +27,470 NEW
69 NNN 0.06% 68,051 $3M $39.63 $2M +50,050 +278.0%
70 CDP 0.06% 92,748 $3M $27.80 -$2M -66,653 -41.8%
71 CASY 0.06% 4,549 $3M $552.71 $836K +1,581 +53.3%
72 DG 0.06% 18,785 $2M $132.77 $641K +855 +4.8%
73 NXST 0.06% 11,846 $2M $203.05 -$531K -3,004 -20.2%
74 HLT 0.06% 8,358 $2M $287.25 $213K -75 -0.9%
75 BBWI 0.06% 118,536 $2M $20.08 $2M +92,040 +347.4%
76 TJX 0.06% 15,489 $2M $153.61 $932K +5,475 +54.7%
77 CUZ 0.06% 91,049 $2M $25.78 $40K +11,323 +14.2%
78 DRI 0.05% 12,288 $2M $184.02 $555K +3,326 +37.1%
79 VICI 0.05% 77,668 $2M $28.12 -$1M -20,250 -20.7%
80 SO 0.05% 24,893 $2M $87.20 $281K +4,956 +24.9%
81 TGT 0.05% 21,263 $2M $97.75 $1M +12,527 +143.4%
82 O 0.05% 36,376 $2M $56.37 $836K +16,396 +82.1%
83 SCI 0.05% 26,224 $2M $77.97 $150K +3,452 +15.2%
84 LOPE 0.05% 12,043 $2M $166.31 -$2M -6,677 -35.7%
85 CMCSA 0.05% 66,665 $2M $29.89 $1M +49,630 +291.3%
86 LANC 0.04% 11,452 $2M $164.42 $782K +5,078 +79.7%
87 SNAP 0.04% 232,345 $2M $8.07 $908K +106,955 +85.3%
88 FIVE 0.04% 9,918 $2M $188.36 $179K -1,003 -9.2%
89 BJ 0.04% 20,531 $2M $90.03 -$762K -7,459 -26.6%
90 NFG 0.04% 22,847 $2M $80.06 -$3M -24,606 -51.9%
91 GHC 0.04% 1,639 $2M $1,098.60 -$381K -214 -11.6%
92 PBA 0.04% 46,676 $2M $38.13 -$107K
93 OMC 0.04% 21,976 $2M $80.75 $251K +3,283 +17.6%
94 DKNG 0.04% 46,359 $2M $34.46 $431K +15,158 +48.6%
95 CELH 0.04% 34,462 $2M $45.74 +34,462 NEW
96 EL 0.04% 14,698 $2M $104.72 +14,698 NEW
97 FOXA 0.04% 20,861 $2M $73.07 -$634K -13,370 -39.1%
98 INGR 0.03% 13,239 $1M $110.26 -$4M -29,451 -69.0%
99 CNP 0.03% 37,921 $1M $38.34 +37,921 NEW
100 CHDN 0.03% 12,453 $1M $113.78 $259K +520 +4.4%

Options Breakdown

0 Calls $0 Call Value 4 Puts $25M Put Value

Top Puts

SymbolSharesValueStatus
BZH 394,000 $8M
AAL 458,000 $7M
POST 53,000 $5M
KBH 77,200 $4M NEW

New Positions

SymbolValue% Port
CARR $100M 2.36%
META $30M 0.72%
EW $11M 0.27%
ZBH $10M 0.25%
CUBE $5M 0.11%
INVH $4M 0.10%
TAP $3M 0.07%
AEE $3M 0.06%
CELH $2M 0.04%
EL $2M 0.04%
CNP $1M 0.03%
M $1M 0.03%
ARMK $1M 0.03%
ALV $1M 0.03%
GT $1M 0.03%

Sold Out Positions

SymbolValue% Port
EXR —%
HRB —%
EGP —%
AVTR —%
AES —%
EIX —%
PFGC —%
DHR —%
BLK —%
VZ —%
LOW —%
PATH —%
STZ —%
KVUE —%
PINS —%
View SEC EDGAR Filings for ONTARIO TEACHERS PENSION PLAN BOARD →

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