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Asset Manager ← All Institutions

CANADA PENSION PLAN INVESTMENT BOARD

Q4 2025 · Filed 2026-02-17
Market Value
$144.5B
+4.8%
Holdings
1,985
+509
New Purchases
670
Added To
716
Closed
66
Reduced
407
Top 10 Concentration
29.1%
Turnover
37.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.37% 1.90% +0.47% $3.4B
RY 1.17% 0.74% +0.43% $1.7B
SHOP 0.98% 0.58% +0.40% $1.4B
AVGO 2.75% 2.38% +0.37% $4.0B
TOTB.DE 0.30% 0.00% +0.30% $432M
LLY 0.99% 0.69% +0.30% $1.4B
MDLN 0.28% 0.00% +0.28% $399M
OMC 0.29% 0.01% +0.28% $417M
ARES 0.50% 0.23% +0.27% $724M
GOOG 1.68% 1.42% +0.26% $2.4B
TD 0.88% 0.63% +0.26% $1.3B
AMD 0.65% 0.40% +0.26% $942M
UNP 0.97% 0.72% +0.25% $1.4B
LNG 0.54% 0.31% +0.23% $779M
MU 0.39% 0.16% +0.23% $566M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INFA 0.00% 1.16% -1.16% $0
GE 0.68% 1.46% -0.78% $983M
LIN 0.53% 1.15% -0.63% $762M
MSFT 4.22% 4.67% -0.45% $6.1B
D 0.09% 0.44% -0.35% $134M
WTRG 0.00% 0.34% -0.34% $3M
IPG 0.00% 0.31% -0.31% $0
IQV 0.27% 0.57% -0.30% $384M
NFLX 0.47% 0.76% -0.29% $682M
NVDA 5.80% 6.06% -0.26% $8.4B
TMUS 0.81% 1.06% -0.24% $1.2B
SRAD 1.12% 1.33% -0.21% $1.6B
TXN 0.14% 0.32% -0.18% $204M
INTU 0.07% 0.23% -0.15% $106M
TRP 0.69% 0.84% -0.15% $1.0B

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 58 $72.0B 49.8%
Large Cap 673 $63.6B 44.0%
Mid Cap 636 $8.2B 5.7%
Small Cap 531 $787M 0.5%
Micro Cap 87 $20M 0.0%

Portfolio Analytics

Avg Market Cap
$42.7B
Median Market Cap
$5.1B
Avg P/E
33.9
Median P/E
21.7
Avg Dividend Yield
0.02%
Avg Beta
1.09
# Stocks
1,977
# ETFs / Funds
8

Top Holdings (1,985 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.80% 44,908,631 $8.4B $186.50 $29M +173,836 +0.4%
2 AAPL 4.59% 24,410,695 $6.6B $271.86 $297M -484,289 -1.9%
3 MSFT 4.22% 12,615,044 $6.1B $483.62 -$332M +194,333 +1.6%
4 AMZN 2.85% 17,852,026 $4.1B $230.82 $502M +1,371,752 +8.3%
5 AVGO 2.75% 11,494,906 $4.0B $346.10 $700M +1,556,839 +15.7%
6 GOOGL 2.37% 10,958,980 $3.4B $313.00 $807M +168,074 +1.6%
7 META 1.81% 3,973,333 $2.6B $660.09 $54M +475,148 +13.6%
8 GOOG 1.68% 7,734,619 $2.4B $313.80 $476M -278,167 -3.5%
9 TSLA 1.57% 5,050,797 $2.3B $449.72 $2M -52,157 -1.0%
10 MA 1.46% 3,696,302 $2.1B $570.88 -$96M -181,352 -4.7%
11 JPM 1.24% 5,573,356 $1.8B $322.22 -$6M -138,974 -2.4%
12 RY 1.17% 9,878,066 $1.7B $170.48 $667M +2,977,920 +43.2%
13 SRAD 1.12% 68,171,745 $1.6B $23.77 -$213M
14 BRK-B 1.00% 2,879,419 $1.4B $502.65 $305M +606,785 +26.7%
15 LLY 0.99% 1,328,196 $1.4B $1,074.68 $475M +79,984 +6.4%
16 SHOP 0.98% 8,763,307 $1.4B $161.02 $611M +3,379,933 +62.8%
17 SPY 0.97% 2,062,000 $1.4B $681.92 -$84M -175,000 -7.8%
18 UNP 0.97% 6,064,158 $1.4B $231.32 $410M +1,864,236 +44.4%
19 CNQ 0.96% 41,023,224 $1.4B $33.87 $74M -136,483 -0.3%
20 LYV 0.93% 9,434,036 $1.3B $142.50 -$110M +533,558 +6.0%
21 TD 0.88% 13,523,256 $1.3B $94.25 $413M +2,742,913 +25.4%
22 TMUS 0.81% 5,790,255 $1.2B $203.04 -$280M -290,042 -4.8%
23 DLR 0.80% 7,461,107 $1.2B $154.71 -$136M -1,079 -0.0%
24 PLTR 0.72% 5,890,975 $1.0B $177.75 $102M +708,079 +13.7%
25 TRP 0.69% 18,168,460 $1.0B $55.07 -$163M -3,242,621 -15.1%
26 GE 0.68% 3,192,000 $983M $308.03 -$1.0B -3,497,115 -52.3%
27 AMD 0.65% 4,400,591 $942M $214.16 $395M +1,019,937 +30.2%
28 EQH 0.64% 19,284,053 $919M $47.65 $30M +1,775,936 +10.1%
29 EQIX 0.61% 1,153,972 $884M $766.16 -$40M -25,860 -2.2%
30 XOM 0.59% 7,043,313 $848M $120.34 $83M +265,629 +3.9%
31 COST 0.58% 974,979 $841M $862.34 -$18M +47,087 +5.1%
32 BMO 0.57% 6,325,714 $822M $129.87 $320M +2,475,121 +64.3%
33 BAC 0.55% 14,582,572 $802M $55.00 $1M -936,293 -6.0%
34 BNS 0.55% 10,770,460 $794M $73.75 $227M +2,000,622 +22.8%
35 ISRG 0.55% 1,396,564 $791M $566.36 $136M -67,191 -4.6%
36 LNG 0.54% 4,009,172 $779M $194.39 $349M +2,179,243 +119.1%
37 LIN 0.53% 1,787,947 $762M $426.39 -$827M -1,558,022 -46.6%
38 WMT 0.51% 6,657,384 $742M $111.41 $112M +549,810 +9.0%
39 JNJ 0.51% 3,554,592 $736M $206.95 $90M +74,967 +2.1%
40 ARES 0.50% 4,476,637 $724M $161.63 $407M +2,494,237 +125.8%
41 IWM 0.47% 2,781,000 $685M $246.16 $12M
42 NFLX 0.47% 7,270,231 $682M $93.76 -$371M +6,392,442 +728.2%
43 BSX 0.45% 6,861,760 $654M $95.35 $141M +1,601,310 +30.4%
44 CM 0.45% 7,181,018 $651M $90.66 $147M +870,196 +13.8%
45 COF 0.45% 2,673,260 $648M $242.36 $18M -288,719 -9.8%
46 ABBV 0.44% 2,791,647 $638M $228.49 -$100M -394,540 -12.4%
47 WAY 0.43% 19,025,452 $623M $32.75 -$98M
48 AEM 0.43% 3,635,686 $617M $169.59 $202M +1,176,384 +47.8%
49 ADBE 0.42% 1,728,266 $605M $349.99 $126M +369,463 +27.2%
50 CSCO 0.42% 7,812,260 $602M $77.03 $26M -605,516 -7.2%
51 GS 0.42% 682,826 $600M $879.00 $18M -48,387 -6.6%
52 BN 0.41% 13,060,197 $600M $45.92 $147M +6,455,197 +97.7%
53 DHR 0.40% 2,524,695 $578M $228.92 $104M +133,129 +5.6%
54 PG 0.40% 4,013,781 $575M $143.31 $36M +502,100 +14.3%
55 ORCL 0.40% 2,930,026 $571M $194.91 -$49M +723,991 +32.8%
56 B 0.39% 12,999,559 $566M $43.56 $305M +5,035,036 +63.2%
57 MU 0.39% 1,983,709 $566M $285.41 $339M +628,872 +46.4%
58 CRM 0.39% 2,109,201 $559M $264.91 $72M +55,000 +2.7%
59 HD 0.38% 1,608,447 $553M $344.10 -$77M +51,782 +3.3%
60 C 0.38% 4,722,557 $551M $116.69 -$21M -918,162 -16.3%
61 ENB 0.37% 11,213,052 $537M $47.85 $30M +1,169,041 +11.6%
62 NTR 0.36% 8,509,304 $525M $61.73 $98M +1,238,548 +17.0%
63 KO 0.36% 7,371,801 $515M $69.91 $44M +259,194 +3.6%
64 UNH 0.33% 1,458,305 $481M $330.11 -$65M -124,274 -7.8%
65 AMAT 0.33% 1,872,648 $481M $256.99 $205M +522,499 +38.7%
66 LRCX 0.33% 2,806,541 $480M $171.18 $32M -540,516 -16.1%
67 CRC 0.33% 10,506,895 $470M $44.71 -$89M
68 CVX 0.32% 3,037,753 $463M $152.41 $8M +105,806 +3.6%
69 MRK 0.31% 4,314,599 $454M $105.26 $131M +466,043 +12.1%
70 PEP 0.31% 3,152,369 $452M $143.52 -$75M -600,384 -16.0%
71 RNW 0.30% 76,501,166 $432M $5.65 -$157M
72 TOTB.DE 0.30% 6,622,258 $432M $65.22 +6,622,258 NEW
73 WFC 0.30% 4,595,226 $428M $93.20 $5M -451,984 -9.0%
74 OMC 0.29% 5,165,887 $417M $80.75 $399M +4,939,919 +2186.1%
75 PLD 0.29% 3,259,657 $416M $127.66 $47M +35,317 +1.1%
76 SCHW 0.29% 4,131,000 $413M $99.91 -$111M -1,351,060 -24.6%
77 MS 0.28% 2,308,502 $410M $177.53 $39M -27,278 -1.2%
78 UBS 0.28% 8,778,075 $409M $46.57 $175M +3,051,913 +53.3%
79 GEHC 0.28% 4,900,615 $402M $82.02 $127M +1,240,220 +33.9%
80 MFC 0.28% 11,021,043 $400M $36.31 $203M +4,697,663 +74.3%
81 MDLN 0.28% 9,500,000 $399M $42.00 +9,500,000 NEW
82 PM 0.27% 2,454,762 $394M $160.40 -$17M -75,734 -3.0%
83 AMT 0.27% 2,197,273 $386M $175.57 $264M +1,563,784 +246.8%
84 IQV 0.27% 1,703,420 $384M $225.41 -$398M -2,412,144 -58.6%
85 INTC 0.26% 10,285,517 $380M $36.90 $208M +5,183,572 +101.6%
86 WPM 0.26% 3,226,203 $379M $117.56 $131M +1,005,468 +45.3%
87 QCOM 0.25% 2,151,066 $368M $171.05 $82M +429,891 +25.0%
88 TRGP 0.25% 1,990,319 $367M $184.50 $34M +3,569 +0.2%
89 IBM 0.25% 1,226,933 $363M $296.21 $110M +328,506 +36.6%
90 CNI 0.25% 3,604,681 $357M $98.91 $49M +345,140 +10.6%
91 SU 0.24% 7,856,625 $349M $44.39 -$102M -2,917,718 -27.1%
92 CMCSA 0.24% 11,646,730 $348M $29.89 -$33M -495,108 -4.1%
93 PCG 0.24% 21,259,243 $342M $16.07 $10M -721,226 -3.3%
94 PH 0.23% 380,835 $335M $878.96 $46M +86 +0.0%
95 NU 0.23% 19,668,362 $329M $16.74 -$82M -5,996,327 -23.4%
96 MCD 0.23% 1,068,763 $327M $305.63 -$63M -212,950 -16.6%
97 ACN 0.23% 1,215,973 $326M $268.30 $77M +206,862 +20.5%
98 HON 0.22% 1,633,321 $319M $195.09 $55M +380,336 +30.4%
99 QQQ 0.22% 509,000 $313M $614.31 $7M
100 SLF 0.22% 4,980,720 $311M $62.43 $84M +1,202,852 +31.8%

New Positions

SymbolValue% Port
TOTB.DE $432M 0.30%
MDLN $399M 0.28%
COLD $78M 0.05%
GTLS $51M 0.04%
Q $39M 0.03%
PECO $36M 0.02%
NSA $33M 0.02%
SNDK $32M 0.02%
WULF $30M 0.02%
EVRG $28M 0.02%
MICC $23M 0.02%
ALB $18M 0.01%
SOLS $18M 0.01%
OMAB $16M 0.01%
DGX $16M 0.01%

Sold Out Positions

SymbolValue% Port
ENVA —%
EGO —%
BIO —%
ELF —%
TGLS —%
HPP —%
SXI —%
MP —%
KNX —%
CDRE —%
ESE —%
CLH —%
WBS —%
WRB —%
YUMC —%
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