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Latest PCJ Investment Counsel Ltd. Stock Portfolio

$352Million | No. of Holdings #59

PCJ Investment Counsel Ltd. Performance

2026 Q1+2.39%
YTD+2.39%
2025+34.58%

About PCJ Investment Counsel Ltd. and 13F Hedge Fund Stock Holdings

On 2026-05-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, PCJ Investment Counsel Ltd. reported an equity portfolio of $352.1 Millions as of 31 Mar, 2026. <br><br> The top stock holdings of PCJ Investment Counsel Ltd. are , CAE, . The fund has invested 8.8% of it's portfolio in BROOKFIELD BUSINESS CORP and 5.8% of portfolio in CAE INC. <br><br> The fund managers got completely rid off BROOKFIELD BUSINESS PARTNERS (BBU), METHANEX CORP (MEOH) and PAN AMERN SILVER CORP (PAAS) stocks. They significantly reduced their stock positions in GILDAN ACTIVEWEAR INC (GIL), BANK NOVA SCOTIA B C (BNS) and RB GLOBAL INC (RBA). PCJ Investment Counsel Ltd. opened new stock positions in BROOKFIELD BUSINESS CORP, GFL ENVIRONMENTAL INC (GFL) and BROOKFIELD RENEWABLE ENERGY (BEP). The fund showed a lot of confidence in some stocks as they added substantially to CANADIAN IMPERIAL BANK OF CO (CM), TRANSFORCE INC (TFII) and ERO COPPER CORP (ERO).
PCJ Investment Counsel Ltd. Equity Portfolio Value
Last Reported on: 11 May, 2026
$352Million
  as of May 11, 2026

PCJ Investment Counsel Ltd. Annual Return Estimates Vs S&P 500

Our best estimate is that PCJ Investment Counsel Ltd. made a return of 2.39% in the last quarter. In trailing 12 months, it's portfolio return was 38.73%.
  • Performance
  • S&P 500

New Buys

Ticker$ Bought
brookfield business corp30,967,600
gfl environmental inc7,835,600
brookfield renewable energy5,565,660
aris mining corporation4,824,250
perpetua resources corp4,624,230
hudbay minerals inc3,385,850
almonty inds inc2,910,480
fortis inc2,771,640
New stocks bought by PCJ Investment Counsel Ltd.

Additions

Ticker% Inc.
canadian imperial bank of co981
transforce inc312
ero copper corp127
teck resources ltd116
lightspeed commerce inc104
celestica inc103
canadian natl ry co93.65
centerra gold inc74.87
Additions to existing portfolio by PCJ Investment Counsel Ltd.

Reductions

Ticker% Reduced
gildan activewear inc-91.31
bank nova scotia b c-90.92
rb global inc-83.39
cgi inc-72.63
carvana co-70.34
brookfield corp-69.76
fortuna mng corp-46.9
americas gold and silver cor-46.78
PCJ Investment Counsel Ltd. reduced stake in above stock

Sold off

Ticker$ Sold
brookfield business partners-41,162,200
vizsla silver corp-3,021,320
first majestic silver corp-4,277,270
methanex corp-8,279,460
pan amern silver corp-6,165,440
telesat corp-3,387,480
energy fuels inc-1,057,060
amcor plc-3,005,690
PCJ Investment Counsel Ltd. got rid off the above stocks

Sector Distribution

PCJ Investment Counsel Ltd. has about 93.8% of it's holdings in Others sector.

  • Others
  • Industrials
  • Energy
  • Basic Materials
Sector%
Others93.8
Industrials2.4
Energy1.9
Basic Materials1.3

Market Cap. Distribution

PCJ Investment Counsel Ltd. has about 4.2% of it's portfolio invested in the large-cap and mega-cap stocks.

  • UNALLOCATED
  • LARGE-CAP
  • MID-CAP
Category%
UNALLOCATED93.8
LARGE-CAP4.2
MID-CAP2

Stocks belong to which Index?

About 1.9% of the stocks held by PCJ Investment Counsel Ltd. either belong to S&P 500 or RUSSELL 2000 index.

  • Others
  • RUSSELL 2000
Index%
Others98.1
RUSSELL 20001.9
Top 5 Winners (%)%
CVE
cenovus energy inc
53.1 %
SU
suncor energy inc new
45.6 %
CNQ
canadian nat res ltd med ter
42.1 %
baytex energy corp
35.3 %
DNN
denison mines corp
32.2 %
Top 5 Winners ($)$
enerflex ltd
4.3 M
CVE
cenovus energy inc
4.1 M
baytex energy corp
3.3 M
DNN
denison mines corp
2.5 M
CNQ
canadian nat res ltd med ter
1.8 M
Top 5 Losers (%)%
SHOP
shopify inc
-25.8 %
LSPD
lightspeed commerce inc
-20.6 %
boyd group services inc
-18.0 %
CVNA
carvana co
-16.5 %
CAE
cae inc
-14.1 %
Top 5 Losers ($)$
CAE
cae inc
-3.4 M
boyd group services inc
-3.3 M
SHOP
shopify inc
-3.1 M
CRH
crh plc
-3.0 M
CVNA
carvana co
-1.5 M

PCJ Investment Counsel Ltd. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. has 59 stocks in it's portfolio. About 42.3% of the portfolio is in top 10 stocks. CAE proved to be the most loss making stock for the portfolio. was the most profitable stock for PCJ Investment Counsel Ltd. last quarter.

$352.06MTotal Value
72.00Positions
11 May, 2026Last Reported
Current holdings of Current Stock Holdings of PCJ Investment Counsel Ltd., last reported on 11 May, 2026. Select a row with a linked ticker to view its historical trend.
ExpandHoldingsorted ascending% PortfolioShares Held$ Value% Change
AEM
Agnico Eagle Mines Ltd

Agnico Eagle Mines Ltd

AEM
PCJ Investment Counsel Ltd.'s holding in Agnico Eagle Mines Ltd over time
1.76%30,480
$6.19M
1.76%
decreased 5.25 percentreduced
AG
First Majestic Silver Corp

First Majestic Silver Corp

AG
PCJ Investment Counsel Ltd.'s holding in First Majestic Silver Corp over time
0%0.00
$0.00
0%
decreased 100 percentsold off
AGI
Alamos Gold Inc

Alamos Gold Inc

AGI
PCJ Investment Counsel Ltd.'s holding in Alamos Gold Inc over time
0.43%33,820
$1.50M
0.43%
new position
BBU
Brookfield Business Partners

Brookfield Business Partners

BBU
PCJ Investment Counsel Ltd.'s holding in Brookfield Business Partners over time
0%0.00
$0.00
0%
decreased 100 percentsold off
BEP
Brookfield Renewable Energy

Brookfield Renewable Energy

BEP
PCJ Investment Counsel Ltd.'s holding in Brookfield Renewable Energy over time
1.58%170,580
$5.57M
1.58%
new position
BIP
Brookfield Infrastructure Pa

Brookfield Infrastructure Pa

BIP
PCJ Investment Counsel Ltd.'s holding in Brookfield Infrastructure Pa over time
3.01%293,154
$10.58M
3.01%
increased 59.51 percentadded
BMO
Bank Montreal Medium

Bank Montreal Medium

BMO
PCJ Investment Counsel Ltd.'s holding in Bank Montreal Medium over time
1.67%43,300
$5.87M
1.67%
increased 3.46 percentadded
BNS
Bank Nova Scotia B C

Bank Nova Scotia B C

BNS
PCJ Investment Counsel Ltd.'s holding in Bank Nova Scotia B C over time
0.13%6,740
$467.5K
0.13%
decreased 90.92 percentreduced
CAE
Cae Inc

Cae Inc

CAE
PCJ Investment Counsel Ltd.'s holding in Cae Inc over time
5.8%782,693
$20.41M
5.8%
increased 2.91 percentadded
CCJ
Cameco Corp

Cameco Corp

CCJ
PCJ Investment Counsel Ltd.'s holding in Cameco Corp over time
0.95%30,930
$3.36M
0.95%
increased 37.53 percentadded
CGAU
Centerra Gold Inc

Centerra Gold Inc

CGAU
PCJ Investment Counsel Ltd.'s holding in Centerra Gold Inc over time
1.29%255,270
$4.53M
1.29%
increased 74.87 percentadded
CLS
Celestica Inc

Celestica Inc

CLS
PCJ Investment Counsel Ltd.'s holding in Celestica Inc over time
0.75%9,380
$2.65M
0.75%
increased 103.47 percentadded
CM
Canadian Imperial Bank Of Co

Canadian Imperial Bank Of Co

CM
PCJ Investment Counsel Ltd.'s holding in Canadian Imperial Bank Of Co over time
1.58%58,930
$5.58M
1.58%
increased 981.28 percentadded
CNI
Canadian Natl Ry Co

Canadian Natl Ry Co

CNI
PCJ Investment Counsel Ltd.'s holding in Canadian Natl Ry Co over time
1.82%62,260
$6.41M
1.82%
increased 93.65 percentadded
CNQ
Canadian Nat Res Ltd Med Ter

Canadian Nat Res Ltd Med Ter

CNQ
PCJ Investment Counsel Ltd.'s holding in Canadian Nat Res Ltd Med Ter over time
1.77%127,800
$6.23M
1.77%
increased 6.68 percentadded
CRH
Crh Plc

Crh Plc

CRH
PCJ Investment Counsel Ltd.'s holding in Crh Plc over time
3.37%112,773
$11.85M
3.37%
decreased 39.77 percentreduced