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Asset Manager ← All Institutions

PICTON MAHONEY ASSET MANAGEMENT

Q4 2025 · Filed 2026-02-11
Market Value
$8.3B
+15.2%
Holdings
1,151
+114
New Purchases
274
Added To
243
Closed
167
Reduced
211
Top 10 Concentration
25.3%
Turnover
38.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
B 1.80% 0.72% +1.08% $149M
EXAS 0.49% 0.00% +0.49% $41M
EA 0.70% 0.21% +0.49% $58M
DAY 0.46% 0.00% +0.46% $38M
MGA 0.48% 0.02% +0.46% $40M
HOLX 0.45% 0.00% +0.45% $37M
WPM 1.15% 0.72% +0.43% $95M
SEE 0.39% 0.00% +0.39% $32M
BCE 0.57% 0.19% +0.38% $47M
RNAM 0.37% 0.00% +0.37% $31M
CAE 0.35% 0.00% +0.35% $29M
GOOGL 1.45% 1.12% +0.33% $120M
DOOO 0.60% 0.27% +0.33% $50M
AL 0.50% 0.18% +0.32% $41M
IAG 1.00% 0.70% +0.30% $83M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AEM 1.57% 2.38% -0.81% $130M
BMO 0.02% 0.74% -0.72% $2M
TU 0.00% 0.63% -0.63% $0
MSFT 1.33% 1.92% -0.60% $110M
CM 1.09% 1.64% -0.55% $90M
BN 2.01% 2.51% -0.50% $166M
K 0.00% 0.49% -0.49% $0
FYBR 0.02% 0.42% -0.40% $2M
CNQ 1.91% 2.30% -0.39% $158M
OR 1.35% 1.73% -0.38% $112M
CDE 0.00% 0.37% -0.37% $0
VRNA 0.00% 0.36% -0.36% $0
ENB 1.54% 1.90% -0.35% $128M
FSV 0.58% 0.88% -0.30% $48M
AVDX 0.00% 0.29% -0.29% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 49 $1.6B 19.3%
Large Cap 423 $4.8B 58.4%
Mid Cap 408 $1.4B 16.9%
Small Cap 188 $269M 3.2%
Micro Cap 83 $174M 2.1%

Portfolio Analytics

Avg Market Cap
$58.1B
Median Market Cap
$6.7B
Avg P/E
33.8
Median P/E
21.5
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
1,104
# ETFs / Funds
47

Top Holdings (1,151 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 5.47% 2,652,043 $453M $170.72 $73M +74,450 +2.9%
2 TD 3.87% 3,396,972 $321M $94.38 $61M +144,843 +4.5%
3 SHOP 3.76% 1,932,932 $312M $161.24 $55M +201,884 +11.7%
4 BN 2.01% 3,613,638 $166M $45.98 -$14M +984,615 +37.5%
5 CNQ 1.91% 4,666,597 $158M $33.92 -$7M -503,457 -9.7%
6 NVDA 1.81% 802,128 $150M $186.50 $12M +65,425 +8.9%
7 B 1.80% 3,423,022 $149M $43.62 $98M +1,845,663 +117.0%
8 FNV 1.58% 630,703 $131M $207.58 -$647K +39,497 +6.7%
9 AEM 1.57% 767,180 $130M $169.82 -$41M -250,226 -24.6%
10 ENB 1.54% 2,666,336 $128M $47.92 -$9M -38,162 -1.4%
11 GOOGL 1.45% 382,808 $120M $313.00 $39M +52,112 +15.8%
12 CVE 1.40% 6,824,438 $116M $16.94 $7M +434,735 +6.8%
13 TRP 1.37% 2,055,963 $113M $55.14 $3M +18,953 +0.9%
14 WCN 1.36% 641,243 $113M $175.63 $18M +100,917 +18.7%
15 AAPL 1.36% 413,092 $112M $271.86 $5M -7,215 -1.7%
16 OR 1.35% 3,160,518 $112M $35.47 -$12M +50,882 +1.6%
17 MSFT 1.33% 227,053 $110M $483.62 -$28M -39,777 -14.9%
18 RCI 1.28% 2,797,253 $106M $37.80 $14M +123,628 +4.6%
19 HBM 1.21% 5,034,287 $100M $19.88 $4M -1,316,195 -20.7%
20 VOE 1.17% 547,312 $97M $177.37 $26M +140,988 +34.7%
21 WPM 1.15% 810,338 $95M $117.73 $44M +349,143 +75.7%
22 CM 1.09% 994,736 $90M $90.78 -$28M -482,522 -32.7%
23 CLS 1.02% 285,710 $85M $296.22 -$3M -71,631 -20.1%
24 IAG 1.00% 5,028,974 $83M $16.53 $33M +1,135,552 +29.2%
25 AMZN 0.96% 342,697 $79M $230.82 $26M +99,846 +41.1%
26 GIL 0.85% 1,126,550 $71M $62.59 $10M +83,188 +8.0%
27 CYBR 0.85% 158,005 $70M $446.06 -$3M +5,748 +3.8%
28 MFC 0.83% 1,896,152 $69M $36.36 $22M +388,305 +25.8%
29 BIP 0.77% 1,842,718 $64M $34.81 $6M +73,984 +4.2%
30 AVGO 0.76% 181,673 $63M $346.10 -$3M -16,576 -8.4%
31 EA 0.70% 282,500 $58M $204.33 $43M +207,500 +276.7%
32 CIGI 0.67% 375,697 $55M $147.19 $692K +26,466 +7.6%
33 DOOO 0.60% 700,057 $50M $70.81 $30M +376,910 +116.6%
34 FSV 0.58% 307,346 $48M $155.73 -$15M -24,384 -7.3%
35 TECK 0.58% 995,750 $48M $47.94 -$1M -126,702 -11.3%
36 BCE 0.57% 1,963,939 $47M $23.89 $33M +1,376,451 +234.3%
37 BEP 0.55% 1,678,827 $45M $27.06 $18M +608,188 +56.8%
38 LLY 0.54% 41,372 $44M $1,074.68 $22M +12,119 +41.4%
39 CCJ 0.53% 481,834 $44M $91.70 $6M +24,523 +5.4%
40 DSGX 0.53% 496,483 $44M $87.85 $2M +51,709 +11.6%
41 SU 0.51% 954,786 $42M $44.45 $16M +327,473 +52.2%
42 META 0.51% 64,020 $42M $660.09 -$8M -4,575 -6.7%
43 COF 0.50% 170,385 $41M $242.36 $6M +4,699 +2.8%
44 AL 0.50% 642,725 $41M $64.23 $29M +442,725 +221.4%
45 BAC 0.49% 740,139 $41M $55.00 $5M +45,746 +6.6%
46 EXAS 0.49% 400,000 $41M $101.56 +400,000 NEW
47 MGA 0.48% 745,714 $40M $53.38 $38M +709,324 +1949.2%
48 DAY 0.46% 550,000 $38M $69.16 +550,000 NEW
49 HOLX 0.45% 501,214 $37M $74.49 $37M +501,200 +3580000.0%
50 SSRM 0.45% 1,696,496 $37M $21.95 -$14M -385,368 -18.5%
51 RKT 0.45% 1,916,932 $37M $19.36 $4M +222,094 +13.1%
52 MS 0.44% 205,008 $36M $177.53 $9M +29,567 +16.9%
53 SCHW 0.43% 358,351 $36M $99.91 -$274K -19,534 -5.2%
54 BSX 0.43% 369,905 $35M $95.35 $2M +29,802 +8.8%
55 KKR 0.42% 274,575 $35M $127.48 $3M +31,513 +13.0%
56 KRE 0.42% 534,159 $35M $64.81 -$3M -56,715 -9.6%
57 CNI 0.41% 344,448 $34M $99.04 $18M +170,245 +97.7%
58 GTLS 0.39% 157,979 $33M $206.23 $491K -2,344 -1.5%
59 SEE 0.39% 771,800 $32M $41.43 +771,800 NEW
60 RNAM 0.37% 425,000 $31M $72.13 +425,000 NEW
61 WMT 0.37% 274,867 $31M $111.41 $3M +9,604 +3.6%
62 MDB 0.37% 72,421 $30M $419.69 -$2M -30,834 -29.9%
63 CAE 0.35% 957,687 $29M $30.45 +957,687 NEW
64 TSM 0.34% 92,634 $28M $303.89 $5M +11,185 +13.7%
65 TPG 0.34% 440,521 $28M $63.84 $4M +16,937 +4.0%
66 TJX 0.34% 182,795 $28M $153.61 $2M +5,352 +3.0%
67 ISRG 0.33% 48,586 $28M $566.36 $9M +6,485 +15.4%
68 HWM 0.33% 132,595 $27M $205.02 -$2M -14,382 -9.8%
69 SPOT 0.33% 46,680 $27M $580.71 -$1M +5,884 +14.4%
70 RBC 0.33% 60,433 $27M $448.43 $6M +5,444 +9.9%
71 SII 0.32% 274,262 $27M $98.09 $4M -1,216 -0.4%
72 TMO 0.32% 45,459 $26M $579.45 $9M +10,382 +29.6%
73 MLI 0.32% 228,022 $26M $114.80 $4M +4,974 +2.2%
74 NSC 0.31% 90,000 $26M $288.72 $2M +10,000 +12.5%
75 URI 0.31% 31,360 $25M $809.32 -$4M +915 +3.0%
76 XPO 0.30% 183,573 $25M $135.91 $5M +31,788 +20.9%
77 BA 0.30% 112,582 $24M $217.12 -$524K -3,101 -2.7%
78 APO 0.29% 168,254 $24M $144.76 $5M +19,541 +13.1%
79 MA 0.29% 41,753 $24M $570.88 $5M +9,113 +27.9%
80 SF 0.29% 188,987 $24M $125.22 $8M +51,533 +37.5%
81 SNOW 0.28% 107,500 $24M $219.36 $1M +7,448 +7.4%
82 BBU 0.27% 627,777 $22M $35.44 -$603K -68,902 -9.9%
83 C 0.27% 190,038 $22M $116.69 $8M +48,697 +34.5%
84 VTR 0.27% 284,851 $22M $77.38 $2M +3,886 +1.4%
85 AIZ 0.27% 91,405 $22M $240.85 +91,405 NEW
86 ADI 0.26% 80,409 $22M $271.20 $3M +2,516 +3.2%
87 AQN 0.26% 3,519,080 $22M $6.16 $15M +2,319,663 +193.4%
88 NTRA 0.25% 92,113 $21M $229.09 $5M -9,790 -9.6%
89 ARES 0.25% 129,337 $21M $161.63 $9M +57,610 +80.3%
90 KO 0.25% 297,705 $21M $69.91 $326K -11,211 -3.6%
91 PWR 0.24% 48,054 $20M $422.06 -$6M -15,721 -24.6%
92 PFGC 0.24% 221,357 $20M $89.92 -$366K +26,527 +13.6%
93 HD 0.24% 57,673 $20M $344.10 -$292K +7,973 +16.0%
94 AON 0.24% 56,124 $20M $352.88 -$17K +535 +1.0%
95 PPL 0.24% 559,441 $20M $35.02 -$474K +19,456 +3.6%
96 JPM 0.23% 59,508 $19M $322.22 -$2M -6,437 -9.8%
97 AME 0.23% 92,730 $19M $205.31 $4M +11,200 +13.7%
98 TSLA 0.23% 41,884 $19M $449.72 $10M +22,442 +115.4%
99 PDS 0.23% 261,950 $19M $71.86 $5M +15,969 +6.5%
100 NET 0.22% 94,382 $19M $197.15 -$3M -7,127 -7.0%

Options Breakdown

13 Calls $1.6B Call Value 11 Puts $2.2B Put Value 1.38 P/C Ratio

Top Calls

SymbolSharesValueStatus
HYG 7,500,000 $605M NEW
LQD 5,000,000 $551M NEW
CLS 240,000 $71M NEW
BSX 600,000 $57M NEW
ZG 780,000 $53M NEW
SNOW 240,000 $53M NEW
DASH 216,000 $49M NEW
ORCL 200,000 $39M NEW
CSGP 500,000 $34M NEW
RSP 150,000 $29M NEW

Top Puts

SymbolSharesValueStatus
HYG 12,325,000 $994M NEW
LQD 5,000,000 $551M NEW
IWM 1,200,000 $295M NEW
IEF 2,500,000 $240M NEW
RNAM 414,400 $30M NEW
DAY 375,000 $26M NEW
EXAS 200,000 $20M NEW
APPN 400,000 $14M NEW
CDTX 50,000 $11M NEW
GLD 12,000 $5M NEW

New Positions

SymbolValue% Port
EXAS $41M 0.49%
DAY $38M 0.46%
SEE $32M 0.39%
RNAM $31M 0.37%
CAE $29M 0.35%
AIZ $22M 0.27%
V $18M 0.22%
WBD $18M 0.22%
CFLT $17M 0.21%
MEOH $17M 0.20%
CDTX $17M 0.20%
GH $16M 0.20%
HI $15M 0.18%
TER $14M 0.17%
LRCX $14M 0.16%

Sold Out Positions

SymbolValue% Port
ATR —%
DIS —%
UNFI —%
LYV —%
YETI —%
CDE —%
NOW —%
ALV —%
BROS —%
BEN —%
BRX —%
VEEV —%
TRGP —%
HESM —%
ASC —%
View SEC EDGAR Filings for PICTON MAHONEY ASSET MANAGEMENT →

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