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Asset Manager ← All Institutions

Triasima Portfolio Management inc.

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

Q4 2025 · Filed 2026-02-02
Market Value
$639M
+2.3%
Holdings
161
-10
New Purchases
21
Added To
55
Closed
27
Reduced
46
Top 10 Concentration
33.1%
Turnover
29.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RY 6.42% 5.30% +1.12% $41M
LLY 1.00% 0.00% +1.00% $6M
CCJ 1.53% 0.53% +1.00% $10M
TJX 1.67% 0.80% +0.88% $11M
TD 3.71% 2.92% +0.79% $24M
CVE 1.21% 0.44% +0.76% $8M
AAPL 0.78% 0.04% +0.75% $5M
NVS 1.08% 0.36% +0.72% $7M
SHOP 4.60% 3.91% +0.69% $29M
LRCX 0.69% 0.00% +0.69% $4M
GIL 0.68% 0.00% +0.68% $4M
FSLR 0.66% 0.00% +0.66% $4M
CNI 0.60% 0.00% +0.60% $4M
MDT 1.00% 0.43% +0.57% $6M
PAAS 2.05% 1.50% +0.55% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NTR 0.00% 1.37% -1.37% $0
ARES 0.00% 1.25% -1.25% $0
MELI 0.14% 1.30% -1.15% $921K
CLS 1.85% 2.98% -1.13% $12M
AXON 0.00% 1.07% -1.07% $0
SPOT 0.08% 1.14% -1.06% $502K
NGD 0.08% 0.97% -0.89% $516K
HLI 0.00% 0.88% -0.88% $0
CAE 0.11% 0.94% -0.83% $688K
BSX 0.05% 0.76% -0.71% $333K
COST 0.06% 0.71% -0.65% $410K
RSG 0.14% 0.75% -0.60% $925K
V 0.16% 0.76% -0.60% $1M
ABT 0.00% 0.58% -0.58% $0
ORLY 0.11% 0.67% -0.57% $677K

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 30 $195M 30.6%
Large Cap 101 $391M 61.2%
Mid Cap 25 $47M 7.3%
Small Cap 4 $4M 0.6%
Micro Cap 1 $2M 0.3%

Portfolio Analytics

Avg Market Cap
$307.7B
Median Market Cap
$58.8B
Avg P/E
36.2
Median P/E
27.4
Avg Dividend Yield
0.01%
Avg Beta
1.10
# Stocks
156
# ETFs / Funds
5

Top Holdings (161 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 6.42% 240,459 $41M $170.70 $8M +15,780 +7.0%
2 SHOP 4.60% 182,338 $29M $161.23 $5M +18,028 +11.0%
3 TD 3.71% 251,170 $24M $94.37 $5M +23,157 +10.2%
4 KGC 3.42% 774,257 $22M $28.20 $2M -40,704 -5.0%
5 CM 3.16% 222,689 $20M $90.78 $2M -5,373 -2.4%
6 BN 2.86% 397,781 $18M $45.97 -$2M +108,915 +37.7%
7 BMO 2.36% 116,166 $15M $130.04 $2M +16,274 +16.3%
8 GOOGL 2.27% 46,316 $14M $313.00 $3M -2,327 -4.8%
9 MSFT 2.16% 28,571 $14M $483.62 -$403K +1,115 +4.1%
10 AVGO 2.15% 39,804 $14M $346.10 $135K -1,545 -3.7%
11 NVDA 2.06% 70,698 $13M $186.50 -$219K -1,144 -1.6%
12 PAAS 2.05% 252,950 $13M $51.91 $4M +10,945 +4.5%
13 FTS 2.04% 250,091 $13M $52.06 $1M +17,090 +7.3%
14 CLS 1.85% 39,906 $12M $296.20 -$7M -35,697 -47.2%
15 HBM 1.82% 584,968 $12M $19.88 $4M +53,135 +10.0%
16 TIGO 1.76% 203,420 $11M $55.44 $1M
17 ENB 1.73% 230,209 $11M $47.92 $1M +35,937 +18.5%
18 TSM 1.72% 36,210 $11M $303.89 $3M +7,576 +26.5%
19 TJX 1.67% 69,679 $11M $153.61 $6M +35,215 +102.2%
20 IAG 1.60% 620,937 $10M $16.52 $1M -73,113 -10.5%
21 JPM 1.60% 31,715 $10M $322.22 $1M +3,223 +11.3%
22 CCJ 1.53% 106,764 $10M $91.69 $6M +67,064 +168.9%
23 BNS 1.50% 129,807 $10M $73.85 $3M +23,925 +22.6%
24 WELL 1.30% 44,659 $8M $185.61 $57K -1,550 -3.4%
25 CVE 1.21% 455,557 $8M $16.94 $5M +292,782 +179.9%
26 BABA 1.18% 51,635 $8M $146.58 $3M +26,185 +102.9%
27 IMO 1.14% 83,975 $7M $86.51 $789K +12,570 +17.6%
28 NVS 1.08% 50,175 $7M $137.87 $5M +32,620 +185.8%
29 UBS 1.05% 144,355 $7M $46.31 $742K -610 -0.4%
30 LLY 1.00% 5,970 $6M $1,074.68 +5,970 NEW
31 GS 1.00% 7,287 $6M $879.00 $2M +2,049 +39.1%
32 MDT 1.00% 66,596 $6M $96.06 $4M +38,350 +135.8%
33 AER 0.97% 43,260 $6M $143.76 $1M +685 +1.6%
34 GEV 0.97% 9,500 $6M $653.57 -$186K -900 -8.7%
35 AGI 0.95% 156,458 $6M $38.66 -$2M -71,276 -31.3%
36 GILD 0.91% 47,187 $6M $122.74 $1M +8,076 +20.6%
37 DOOO 0.87% 78,399 $6M $70.80 $1M +10,764 +15.9%
38 MGA 0.86% 102,740 $5M $53.38 $2M +28,690 +38.7%
39 BCS 0.81% 202,505 $5M $25.45 $945K -1,090 -0.5%
40 CHRW 0.79% 31,305 $5M $160.76 $710K -1,340 -4.1%
41 AAPL 0.78% 18,451 $5M $271.86 $5M +17,481 +1802.2%
42 META 0.78% 7,558 $5M $660.09 -$3M -3,094 -29.1%
43 KLAC 0.75% 3,967 $5M $1,215.08 $396K -135 -3.3%
44 EVR 0.70% 13,096 $4M $340.25 $1M +3,668 +38.9%
45 MCK 0.69% 5,396 $4M $820.29 $1M +967 +21.8%
46 LRCX 0.69% 25,753 $4M $171.18 +25,753 NEW
47 GIL 0.68% 69,550 $4M $62.59 +69,550 NEW
48 CSCO 0.68% 56,301 $4M $77.03 $266K -3,197 -5.4%
49 FSLR 0.66% 16,188 $4M $261.23 +16,188 NEW
50 VOO 0.63% 6,387 $4M $627.13 $121K +44 +0.7%
51 RKT 0.61% 200,680 $4M $19.36 $837K +43,410 +27.6%
52 ANET 0.60% 29,385 $4M $131.03 -$11K +2,885 +10.9%
53 FIX 0.60% 4,119 $4M $933.29 $1M +1,220 +42.1%
54 CNI 0.60% 38,800 $4M $99.03 +38,800 NEW
55 AEM 0.56% 21,195 $4M $169.80 -$2M -12,160 -36.5%
56 RCI 0.56% 95,215 $4M $37.80 $2M +60,730 +176.1%
57 MPWR 0.52% 3,697 $3M $906.36 $653K +767 +26.2%
58 EZPW 0.52% 170,710 $3M $19.42 $41K -1,275 -0.7%
59 AMD 0.48% 14,220 $3M $214.16 $522K -1,375 -8.8%
60 NXT 0.47% 34,396 $3M $87.11 +34,396 NEW
61 BCH 0.46% 77,835 $3M $38.00 $613K +455 +0.6%
62 ARIS 0.46% 180,520 $3M $16.24 $1M +2,861 +1.6%
63 ORLA 0.45% 213,736 $3M $13.47 $575K +247 +0.1%
64 ROL 0.45% 47,405 $3M $60.02 $57K -60 -0.1%
65 ABBV 0.44% 12,221 $3M $228.49 -$7K +131 +1.1%
66 NU 0.43% 163,386 $3M $16.74 $230K +6,942 +4.4%
67 PH 0.43% 3,098 $3M $878.96 $272K -135 -4.2%
68 SU 0.42% 61,062 $3M $44.44 $2M +55,920 +1087.5%
69 TKO 0.41% 12,668 $3M $209.00 $226K +675 +5.6%
70 XPEV 0.40% 124,865 $3M $20.28 -$3M -106,940 -46.1%
71 PANW 0.39% 13,526 $2M $184.20 -$681K -2,056 -13.2%
72 IBKR 0.39% 38,425 $2M $64.31 +38,425 NEW
73 NET 0.37% 12,052 $2M $197.15 -$1M -5,175 -30.0%
74 INTC 0.36% 63,050 $2M $36.90 +63,050 NEW
75 ALB 0.36% 16,325 $2M $141.44 +16,325 NEW
76 PWR 0.36% 5,453 $2M $422.06 +5,453 NEW
77 PAC 0.36% 8,670 $2M $263.63 $229K
78 ENRFF 0.33% 138,270 $2M $15.44 +138,270 NEW
79 ECL 0.32% 7,716 $2M $262.52 -$627K -1,971 -20.4%
80 EXC 0.32% 46,360 $2M $43.59 +46,360 NEW
81 WPM 0.31% 16,900 $2M $117.72 -$1M -11,705 -40.9%
82 DNN 0.30% 719,434 $2M $2.66 $352K +153,114 +27.0%
83 STN 0.26% 17,380 $2M $94.49 -$2M -19,919 -53.4%
84 ASML 0.26% 1,531 $2M $1,069.86 +1,531 NEW
85 EFA 0.25% 16,750 $2M $96.03 $55K +112 +0.7%
86 DB 0.25% 41,515 $2M $38.56 +41,515 NEW
87 APH 0.24% 11,378 $2M $135.14 $130K
88 MRVL 0.22% 16,850 $1M $84.98 $6K -116 -0.7%
89 MA 0.22% 2,482 $1M $570.88 $18K +22 +0.9%
90 AQN 0.19% 201,732 $1M $6.16 $172K +2,767 +1.4%
91 CRWD 0.19% 2,572 $1M $468.76 +2,572 NEW
92 AMZN 0.19% 5,196 $1M $230.82 -$2M -11,530 -68.9%
93 TTWO 0.18% 4,614 $1M $256.03 $75K +330 +7.7%
94 GOOG 0.17% 3,536 $1M $313.80 $248K
95 ABC 0.17% 3,236 $1M $337.75 $43K -125 -3.7%
96 CNQ 0.17% 31,574 $1M $33.92 -$34K -2,980 -8.6%
97 WMT 0.16% 9,275 $1M $111.41 $307K +2,230 +31.6%
98 V 0.16% 2,891 $1M $350.71 -$4M -10,933 -79.1%
99 RSG 0.14% 4,363 $925K $211.93 -$4M -16,050 -78.6%
100 MELI 0.14% 457 $921K $2,014.26 -$7M -3,013 -86.8%

New Positions

SymbolValue% Port
LLY $6M 1.00%
LRCX $4M 0.69%
GIL $4M 0.68%
FSLR $4M 0.66%
CNI $4M 0.60%
NXT $3M 0.47%
IBKR $2M 0.39%
INTC $2M 0.36%
ALB $2M 0.36%
PWR $2M 0.36%
ENRFF $2M 0.33%
EXC $2M 0.32%
ASML $2M 0.26%
DB $2M 0.25%
CRWD $1M 0.19%

Sold Out Positions

SymbolValue% Port
ABT —%
ARES —%
HLI —%
CFG —%
NTR —%
RELX —%
HUBS —%
FNV —%
PBI —%
DE —%
SYK —%
TOST —%
LEN —%
AZO —%
MOS —%
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