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Asset Manager ← All Institutions

CANADA PENSION PLAN INVESTMENT BOARD

Q2 2025 · Filed 2025-08-14
Market Value
$114.2B
+13.9%
Holdings
1,445
-45
New Purchases
177
Added To
574
Closed
130
Reduced
406
Top 10 Concentration
27.0%
Turnover
21.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.07% 3.69% +1.37% $5.8B
MSFT 4.83% 3.82% +1.01% $5.5B
AVGO 1.86% 1.18% +0.67% $2.1B
COF 0.43% 0.06% +0.38% $495M
AMZN 2.52% 2.15% +0.37% $2.9B
LLY 0.79% 0.51% +0.28% $898M
LQD 0.27% 0.00% +0.27% $307M
META 1.94% 1.67% +0.26% $2.2B
INFA 1.37% 1.12% +0.25% $1.6B
TSLA 1.00% 0.79% +0.21% $1.1B
BN 0.35% 0.15% +0.21% $405M
PLTR 0.37% 0.19% +0.19% $428M
PG 0.41% 0.22% +0.19% $467M
TD 0.80% 0.63% +0.17% $918M
B 0.15% 0.00% +0.15% $172M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.41% 2.09% -1.68% $472M
TMUS 1.21% 1.83% -0.62% $1.4B
MA 2.03% 2.63% -0.60% $2.3B
WTRG 0.38% 0.85% -0.47% $433M
GOOGL 1.43% 1.81% -0.38% $1.6B
BCE 0.03% 0.32% -0.30% $31M
LIN 1.35% 1.63% -0.28% $1.5B
UNP 0.83% 1.09% -0.26% $949M
PBA 0.08% 0.33% -0.25% $96M
CNQ 1.04% 1.28% -0.24% $1.2B
AAPL 4.12% 4.36% -0.24% $4.7B
IQV 0.58% 0.81% -0.23% $657M
ARE 0.11% 0.35% -0.23% $131M
ESGR 0.00% 0.21% -0.21% $0
WAY 0.89% 1.11% -0.21% $1.0B

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 57 $53.0B 46.4%
Large Cap 639 $50.9B 44.6%
Mid Cap 487 $9.6B 8.4%
Small Cap 239 $593M 0.5%
Micro Cap 23 $8M 0.0%

Portfolio Analytics

Avg Market Cap
$57.5B
Median Market Cap
$9.2B
Avg P/E
34.8
Median P/E
23.5
Avg Dividend Yield
0.01%
Avg Beta
1.08
# Stocks
1,436
# ETFs / Funds
9

Top Holdings (1,445 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.07% 36,610,091 $5.8B $157.99 $2.1B +2,438,471 +7.1%
2 MSFT 4.83% 11,078,049 $5.5B $497.41 $1.7B +888,643 +8.7%
3 AAPL 4.12% 22,943,811 $4.7B $205.17 $334M +3,253,510 +16.5%
4 AMZN 2.52% 13,116,881 $2.9B $219.39 $719M +1,769,042 +15.6%
5 MA 2.03% 4,128,809 $2.3B $561.94 -$314M -676,428 -14.1%
6 META 1.94% 2,997,831 $2.2B $738.09 $534M +85,040 +2.9%
7 AVGO 1.86% 7,690,105 $2.1B $275.65 $934M +610,703 +8.6%
8 SRAD 1.68% 68,171,745 $1.9B $28.08 $194M -11,383,335 -14.3%
9 GE 1.49% 6,611,463 $1.7B $257.39 $189M -945,231 -12.5%
10 GOOGL 1.43% 9,249,698 $1.6B $176.23 -$181M -2,464,120 -21.0%
11 INFA 1.37% 64,379,838 $1.6B $24.35 $444M
12 LIN 1.35% 3,286,894 $1.5B $469.18 -$95M -229,633 -6.5%
13 SPY 1.21% 2,237,000 $1.4B $617.85 $131M
14 TMUS 1.21% 5,793,249 $1.4B $238.26 -$457M -1,095,877 -15.9%
15 LYV 1.17% 8,806,221 $1.3B $151.28 $153M -223,718 -2.5%
16 JPM 1.13% 4,465,799 $1.3B $289.91 $273M +298,984 +7.2%
17 DLR 1.12% 7,356,429 $1.3B $174.33 $259M +211,692 +3.0%
18 CNQ 1.04% 37,793,376 $1.2B $31.45 -$97M -3,975,777 -9.5%
19 TSLA 1.00% 3,595,392 $1.1B $317.66 $352M +548,483 +18.0%
20 GOOG 0.98% 6,279,599 $1.1B $177.39 $120M -84,698 -1.3%
21 TRP 0.90% 20,986,748 $1.0B $48.85 $90M +1,178,190 +6.0%
22 WAY 0.89% 24,964,225 $1.0B $40.87 -$89M -4,728,061 -15.9%
23 EQH 0.87% 17,616,671 $988M $56.10 $11M -1,152,590 -6.1%
24 UNP 0.83% 4,125,080 $949M $230.08 -$144M -501,120 -10.8%
25 TD 0.80% 12,470,618 $918M $73.60 $287M +1,946,172 +18.5%
26 RY 0.79% 6,867,900 $906M $131.88 $191M +521,132 +8.2%
27 NFLX 0.79% 674,199 $903M $1,339.13 $152M -130,693 -16.2%
28 LLY 0.79% 1,152,281 $898M $779.53 $390M +536,679 +87.2%
29 BRK-B 0.77% 1,806,857 $878M $485.77 $85M +317,783 +21.3%
30 EQIX 0.77% 1,102,423 $877M $795.47 $10M +38,936 +3.7%
31 BAC 0.62% 15,009,961 $710M $47.32 $123M +940,441 +6.7%
32 IQV 0.58% 4,168,479 $657M $157.59 -$153M -426,352 -9.3%
33 IWM 0.57% 3,010,000 $650M $215.79 $49M
34 XOM 0.56% 5,915,291 $638M $107.80 $32M +824,381 +16.2%
35 SHOP 0.53% 5,280,409 $609M $115.41 $44M -663,000 -11.2%
36 ENB 0.53% 13,213,321 $600M $45.38 $178M +3,687,334 +38.7%
37 ISRG 0.52% 1,089,293 $592M $543.41 $167M +231,980 +27.1%
38 D 0.52% 10,435,275 $590M $56.52 -$7M -209,988 -2.0%
39 CRM 0.49% 2,054,201 $560M $272.69 $49M +150,085 +7.9%
40 HD 0.48% 1,510,000 $554M $366.64 $159M +433,707 +40.3%
41 RNW 0.46% 76,501,166 $529M $6.91 $78M
42 BSX 0.44% 4,719,646 $507M $107.41 -$122M -1,515,917 -24.3%
43 COF 0.43% 2,325,208 $495M $212.76 $437M +2,002,093 +619.6%
44 CM 0.43% 6,847,926 $486M $71.03 $146M +791,927 +13.1%
45 COST 0.43% 490,871 $486M $989.94 $186M +174,082 +55.0%
46 CRC 0.42% 10,506,895 $480M $45.67 $18M
47 UNH 0.41% 1,511,834 $472M $311.97 -$1.6B -2,497,789 -62.3%
48 PG 0.41% 2,932,319 $467M $159.32 $243M +1,614,598 +122.5%
49 ABBV 0.41% 2,513,624 $467M $185.62 $99M +759,483 +43.3%
50 JNJ 0.39% 2,946,825 $450M $152.75 -$11M +167,813 +6.0%
51 LNG 0.39% 1,845,285 $449M $243.52 $24M +8,740 +0.5%
52 PEP 0.39% 3,372,675 $445M $132.04 $158M +1,458,592 +76.2%
53 ADBE 0.39% 1,149,788 $445M $386.88 $68M +166,102 +16.9%
54 DHR 0.38% 2,194,510 $434M $197.54 $45M +300,434 +15.9%
55 WTRG 0.38% 11,661,095 $433M $37.14 -$423M -10,000,000 -46.2%
56 CSCO 0.38% 6,184,590 $429M $69.38 $56M +142,837 +2.4%
57 NTR 0.37% 7,341,309 $428M $58.31 -$8M -1,445,000 -16.4%
58 PLTR 0.37% 3,139,480 $428M $136.32 $240M +907,895 +40.7%
59 BNS 0.37% 7,646,549 $423M $55.33 $26M -717,862 -8.6%
60 BN 0.35% 6,540,631 $405M $61.93 $258M +3,727,628 +132.5%
61 GS 0.35% 566,779 $401M $707.75 $115M +42,483 +8.1%
62 SU 0.35% 10,555,381 $396M $37.48 $80M +2,406,000 +29.5%
63 INTU 0.34% 497,226 $392M $787.63 $90M +5,334 +1.1%
64 BMO 0.34% 3,492,390 $387M $110.89 $36M -184,247 -5.0%
65 ORCL 0.33% 1,744,226 $381M $218.63 $191M +384,250 +28.2%
66 CNI 0.33% 3,634,439 $379M $104.26 $101M +775,700 +27.1%
67 UBER 0.33% 4,061,161 $379M $93.30 $121M +517,088 +14.6%
68 WMT 0.33% 3,831,326 $375M $97.78 $141M +1,166,936 +43.8%
69 C 0.32% 4,334,407 $369M $85.12 $160M +1,393,865 +47.4%
70 AMD 0.32% 2,556,958 $363M $141.90 $191M +882,877 +52.7%
71 IPG 0.32% 14,819,997 $363M $24.48 -$14M +934,613 +6.7%
72 SCHW 0.32% 3,963,095 $362M $91.24 $130M +999,018 +33.7%
73 SPOT 0.31% 457,397 $351M $767.34 $158M +107,074 +30.6%
74 KO 0.31% 4,946,478 $350M $70.75 $146M +2,100,693 +73.8%
75 WFC 0.30% 4,271,200 $342M $80.12 -$39M -1,036,166 -19.5%
76 INVH 0.30% 10,415,848 $342M $32.80 -$161M -4,020,303 -27.9%
77 PM 0.29% 1,838,118 $335M $182.13 $136M +588,042 +47.0%
78 V 0.29% 939,308 $334M $355.05 $8M +9,665 +1.0%
79 PLD 0.29% 3,151,497 $331M $105.12 $8M +258,738 +8.9%
80 TRGP 0.29% 1,886,844 $328M $174.08 -$9M +201,927 +12.0%
81 KKR 0.28% 2,428,064 $323M $133.03 -$30M -623,528 -20.4%
82 AMAT 0.28% 1,734,550 $318M $183.07 $140M +508,146 +41.4%
83 MS 0.27% 2,223,850 $313M $140.86 $50M -31,500 -1.4%
84 NOW 0.27% 298,718 $307M $1,028.08 $7M -77,983 -20.7%
85 LQD 0.27% 2,800,000 $307M $109.61 +2,800,000 NEW
86 QCOM 0.27% 1,917,911 $305M $159.26 $75M +420,929 +28.1%
87 CVX 0.26% 2,106,408 $302M $143.19 -$15M +214,584 +11.3%
88 MRK 0.25% 3,637,000 $288M $79.16 -$55M -185,309 -4.8%
89 QQQ 0.25% 509,000 $281M $551.64 $42M
90 BKNG 0.25% 48,404 $280M $5,789.24 $142M +18,415 +61.4%
91 AEM 0.24% 2,344,302 $279M $119.22 $25M
92 ARES 0.24% 1,605,906 $278M $173.20 $25M -121,657 -7.0%
93 EQR 0.24% 4,106,232 $277M $67.49 -$14M +45,538 +1.1%
94 PCG 0.24% 19,811,938 $276M $13.94 -$53M +639,419 +3.3%
95 EIX 0.24% 5,322,796 $275M $51.60 $172K +664,199 +14.3%
96 NU 0.24% 19,708,600 $270M $13.72 $90M +2,088,661 +11.8%
97 AVB 0.23% 1,299,369 $264M $203.50 -$99M -395,884 -23.4%
98 IBM 0.23% 893,958 $264M $294.78 $131M +360,888 +67.7%
99 TDG 0.23% 172,917 $263M $1,520.64 -$4M -20,288 -10.5%
100 CIVI 0.23% 9,524,201 $262M $27.52 -$70M

New Positions

SymbolValue% Port
LQD $307M 0.27%
B $172M 0.15%
EMRAF $83M 0.07%
CAI $35M 0.03%
YMM $32M 0.03%
TLN $23M 0.02%
DAN $21M 0.02%
PPC $18M 0.02%
LEGN $16M 0.01%
STX $15M 0.01%
SLVM $15M 0.01%
VIPS $15M 0.01%
PEGA $14M 0.01%
BJRI $13M 0.01%
AZEK $12M 0.01%

Sold Out Positions

SymbolValue% Port
AA —%
UAA —%
EPC —%
CFG —%
CNR —%
WH —%
AXTA —%
PBF —%
BURL —%
CBZ —%
FMC —%
HY —%
HAYW —%
WMK —%
EHC —%
View SEC EDGAR Filings for CANADA PENSION PLAN INVESTMENT BOARD →

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