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Asset Manager ← All Institutions

Triasima Portfolio Management inc.

900 DE MAISONNEUVE BLVD. WEST SUITE 2520, MONTREAL H3A0A8 • 514-906-0667

Q3 2025 · Filed 2025-10-29
Market Value
$625M
+21.8%
Holdings
171
+13
New Purchases
52
Added To
53
Closed
31
Reduced
29
Top 10 Concentration
31.0%
Turnover
48.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HBM 1.29% 0.00% +1.29% $8M
TD 2.92% 1.65% +1.26% $18M
IMO 1.04% 0.00% +1.04% $6M
UBS 0.95% 0.00% +0.95% $6M
TIGO 1.58% 0.67% +0.91% $10M
SHOP 3.91% 3.01% +0.90% $24M
KLAC 0.71% 0.00% +0.71% $4M
BCS 0.67% 0.00% +0.67% $4M
GS 0.67% 0.00% +0.67% $4M
DOOO 0.66% 0.00% +0.66% $4M
KGC 3.24% 2.61% +0.63% $20M
NET 0.59% 0.00% +0.59% $4M
MGA 0.56% 0.00% +0.56% $4M
EVR 0.51% 0.00% +0.51% $3M
RKT 0.49% 0.00% +0.49% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MFC 0.06% 1.34% -1.28% $383K
RELX 0.13% 1.35% -1.22% $838K
RACE 0.57% 1.74% -1.18% $4M
NOW 0.00% 1.10% -1.10% $0
TRP 0.00% 0.99% -0.99% $0
AGI 1.27% 2.25% -0.98% $8M
AJG 0.00% 0.94% -0.94% $0
IBN 0.00% 0.89% -0.89% $0
UNM 0.00% 0.87% -0.87% $0
WCN 0.00% 0.85% -0.85% $0
ENB 1.57% 2.31% -0.75% $10M
WAB 0.00% 0.73% -0.73% $0
GATX 0.00% 0.72% -0.72% $0
MMYT 0.00% 0.72% -0.72% $0
SLF 0.00% 0.71% -0.71% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 28.9%
Technology 19.3%
Basic Materials 11.8%
Energy 8.7%
Industrials 7.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 25 $163M 26.0%
Large Cap 109 $404M 64.6%
Mid Cap 32 $55M 8.8%
Small Cap 5 $4M 0.6%

Portfolio Analytics

Avg Market Cap
$271.6B
Median Market Cap
$43.5B
Avg P/E
35.7
Median P/E
27.0
Avg Dividend Yield
0.01%
Avg Beta
1.04
# Stocks
166
# ETFs / Funds
5

Top Holdings (171 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 5.30% 224,679 $33M $147.42 $5M +8,120 +3.8%
2 SHOP 3.91% 164,310 $24M $148.60 $9M +30,061 +22.4%
3 KGC 3.24% 814,961 $20M $24.82 $7M -44,130 -5.1%
4 BN 3.17% 288,866 $20M $68.63 $3M +23,923 +9.0%
5 CLS 2.98% 75,603 $19M $246.13 $4M -17,172 -18.5%
6 TD 2.92% 228,013 $18M $79.98 $10M +112,323 +97.1%
7 CM 2.92% 228,062 $18M $79.93 $5M +35,976 +18.7%
8 MSFT 2.28% 27,456 $14M $517.95 $5M +8,881 +47.8%
9 AVGO 2.18% 41,349 $14M $329.91 $4M +7,227 +21.2%
10 NVDA 2.14% 71,842 $13M $186.58 $3M +7,242 +11.2%
11 BMO 2.08% 99,892 $13M $130.34 $2M -3,675 -3.5%
12 GOOGL 1.89% 48,643 $12M $243.10 $3M +55 +0.1%
13 FTS 1.89% 233,001 $12M $50.73 $2M +23,256 +11.1%
14 TIGO 1.58% 203,420 $10M $48.54 $6M +111,915 +122.3%
15 ENB 1.57% 194,272 $10M $50.46 -$2M -68,119 -26.0%
16 PAAS 1.50% 242,005 $9M $38.76 $3M +30,995 +14.7%
17 JPM 1.44% 28,492 $9M $315.43 $1M +1,338 +4.9%
18 IAG 1.43% 694,050 $9M $12.92 $3M -65,138 -8.6%
19 NTR 1.37% 145,510 $9M $58.74 -$443K -9,090 -5.9%
20 WELL 1.32% 46,209 $8M $178.14 $2M +3,760 +8.9%
21 MELI 1.30% 3,470 $8M $2,336.94 -$254K +270 +8.4%
22 HBM 1.29% 531,833 $8M $15.15 +531,833 NEW
23 TSM 1.28% 28,634 $8M $279.29 $3M +6,545 +29.6%
24 AGI 1.27% 227,734 $8M $34.86 -$4M -207,630 -47.7%
25 META 1.25% 10,652 $8M $734.38 $2M +2,196 +26.0%
26 ARES 1.25% 48,743 $8M $159.89 -$397K +1,456 +3.1%
27 SPOT 1.14% 10,222 $7M $698.00 $1M +2,693 +35.8%
28 BNS 1.10% 105,882 $7M $64.68 $3M +41,692 +65.0%
29 AXON 1.07% 9,343 $7M $717.64 $276K +1,578 +20.3%
30 IMO 1.04% 71,405 $6M $90.69 +71,405 NEW
31 GEV 1.02% 10,400 $6M $614.90 $891K -2 -0.0%
32 NGD 0.97% 849,586 $6M $7.17 $3M +247,821 +41.2%
33 UBS 0.95% 144,965 $6M $41.00 +144,965 NEW
34 CAE 0.94% 197,508 $6M $29.62 $1M +39,608 +25.1%
35 AEM 0.90% 33,355 $6M $168.46 $1M -2,180 -6.1%
36 HLI 0.88% 26,795 $6M $205.32 $2M +5,295 +24.6%
37 XPEV 0.87% 231,805 $5M $23.42 $1M -5,060 -2.1%
38 AER 0.82% 42,575 $5M $121.00 $178K +65 +0.1%
39 TJX 0.80% 34,464 $5M $144.54 -$1M -16,696 -32.6%
40 BSX 0.76% 48,664 $5M $97.63 -$242K +2,180 +4.7%
41 V 0.76% 13,824 $5M $341.38 -$1M -3,313 -19.3%
42 RSG 0.75% 20,413 $5M $229.48 -$210K +567 +2.9%
43 BABA 0.73% 25,450 $5M $178.73 $2M
44 COST 0.71% 4,789 $4M $925.63 $666K +984 +25.9%
45 KLAC 0.71% 4,102 $4M $1,078.60 +4,102 NEW
46 GILD 0.69% 39,111 $4M $111.00 $498K +4,445 +12.8%
47 CHRW 0.69% 32,645 $4M $132.40 $1M
48 BCS 0.67% 203,595 $4M $20.67 +203,595 NEW
49 ORLY 0.67% 38,965 $4M $107.81 $714K +280 +0.7%
50 GS 0.67% 5,238 $4M $796.35 +5,238 NEW
51 DOOO 0.66% 67,635 $4M $60.82 +67,635 NEW
52 CSCO 0.65% 59,498 $4M $68.42 $2M +33,924 +132.7%
53 STN 0.64% 37,299 $4M $107.87 $297K +2,980 +8.7%
54 VOO 0.62% 6,343 $4M $612.38 $2K -492 -7.2%
55 ANET 0.62% 26,500 $4M $145.71 $3M +18,850 +246.4%
56 NET 0.59% 17,227 $4M $214.59 +17,227 NEW
57 AMZN 0.59% 16,726 $4M $219.57 $1M +5,714 +51.9%
58 ABT 0.58% 26,875 $4M $133.94 $1M +10,590 +65.0%
59 RACE 0.57% 7,290 $4M $485.22 -$5M -10,933 -60.0%
60 MGA 0.56% 74,050 $4M $47.39 +74,050 NEW
61 MCK 0.55% 4,429 $3M $772.54 $172K -5 -0.1%
62 CCJ 0.53% 39,700 $3M $83.94 $787K +5,350 +15.6%
63 TTAN 0.53% 32,737 $3M $100.83 -$347K -1,300 -3.8%
64 EZPW 0.52% 171,985 $3M $19.04 $2M +76,790 +80.7%
65 WPM 0.51% 28,605 $3M $111.93 $456K -1,995 -6.5%
66 EVR 0.51% 9,428 $3M $337.32 +9,428 NEW
67 PANW 0.51% 15,582 $3M $203.62 -$24K -39 -0.2%
68 TOST 0.51% 86,727 $3M $36.51 -$675K
69 RKT 0.49% 157,270 $3M $19.38 +157,270 NEW
70 ABBV 0.45% 12,090 $3M $231.54 +12,090 NEW
71 ROL 0.45% 47,465 $3M $58.74 $110K
72 CVE 0.44% 162,775 $3M $16.98 +162,775 NEW
73 MPWR 0.43% 2,930 $3M $920.64 +2,930 NEW
74 MDT 0.43% 28,246 $3M $95.24 +28,246 NEW
75 ECL 0.42% 9,687 $3M $273.86 $1M +4,619 +91.1%
76 LEN 0.41% 20,550 $3M $126.04 +20,550 NEW
77 AMD 0.40% 15,595 $3M $161.79 +15,595 NEW
78 NU 0.40% 156,444 $3M $16.01 -$985K -97,935 -38.5%
79 FITB 0.39% 55,075 $2M $44.55 +55,075 NEW
80 PH 0.39% 3,233 $2M $758.15 +3,233 NEW
81 TKO 0.39% 11,993 $2M $201.96 $2M +8,644 +258.1%
82 FIX 0.38% 2,899 $2M $825.18 +2,899 NEW
83 BCH 0.38% 77,380 $2M $30.30 -$9K
84 ORLA 0.37% 213,489 $2M $10.79 +213,489 NEW
85 NVS 0.36% 17,555 $2M $128.24 $138K +90 +0.5%
86 PBI 0.35% 194,340 $2M $11.41 $2M +145,795 +300.3%
87 Z 0.35% 28,605 $2M $77.05 +28,605 NEW
88 HUBS 0.33% 4,445 $2M $467.80 +4,445 NEW
89 PAC 0.33% 8,670 $2M $237.19 +8,670 NEW
90 UBER 0.32% 20,278 $2M $97.97 $264K +1,815 +9.8%
91 SYK 0.29% 4,830 $2M $369.67 -$2M -5,594 -53.7%
92 ARIS 0.28% 177,659 $2M $9.80 $566K +2,752 +1.6%
93 TU 0.25% 100,035 $2M $15.75 +100,035 NEW
94 AZO 0.25% 367 $2M $4,290.24 $123K -24 -6.1%
95 DNN 0.25% 566,320 $2M $2.75 +566,320 NEW
96 EFA 0.25% 16,638 $2M $93.37 $52K -158 -0.9%
97 URI 0.23% 1,532 $1M $954.66 +1,532 NEW
98 MRVL 0.23% 16,966 $1M $84.07 +16,966 NEW
99 APH 0.23% 11,378 $1M $123.75 +11,378 NEW
100 MA 0.22% 2,460 $1M $568.81 $948K +1,657 +206.3%

New Positions

SymbolValue% Port
HBM $8M 1.29%
IMO $6M 1.04%
UBS $6M 0.95%
KLAC $4M 0.71%
BCS $4M 0.67%
GS $4M 0.67%
DOOO $4M 0.66%
NET $4M 0.59%
MGA $4M 0.56%
EVR $3M 0.51%
RKT $3M 0.49%
ABBV $3M 0.45%
CVE $3M 0.44%
MPWR $3M 0.43%
MDT $3M 0.43%

Sold Out Positions

SymbolValue% Port
T —%
NOW —%
CARR —%
MUSA —%
OTIS —%
AJG —%
KODK —%
GFL —%
VIRT —%
KD —%
TDG —%
TRP —%
SLF —%
IBN —%
BB —%
View SEC EDGAR Filings for Triasima Portfolio Management inc. →

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