Latest TOBAM Stock Portfolio

TOBAM Performance:

2025 Q4: -0.89%YTD: 1.41%2024: 11.94%

Performance for 2025 Q4 is -0.89%, and YTD is 1.41%, and 2024 is 11.94%.

About TOBAM and 13F Hedge Fund Stock Holdings

On 2026-03-02, the fund reported it's updated stock portfolio. In the 13F Holdings report, TOBAM reported an equity portfolio of $407.2 Millions as of 31 Dec, 2025.

The top stock holdings of TOBAM are NVDA, GOOG, AVGO. The fund has invested 3.1% of it's portfolio in NVIDIA CORP and 2.7% of portfolio in ALPHABET INC-CL A.

The fund managers got completely rid off ELECTRONIC ARTS INC (EA), CVS HEALTH CORP (CVS) and INTEL CORP (INTC) stocks. They significantly reduced their stock positions in NEUROCRINE BIOSCIENCES INC (NBIX), SEMLER SCIENTIFIC INC (SMLR) and HIVE DIGITAL TECHNOLOGIES LT - USD (HIVE). TOBAM opened new stock positions in FACTSET RESEARCH SYSTEMS INC (FDS), DARDEN RESTAURANTS INC (DRI) and COMFORT SYSTEMS USA INC (FIX). The fund showed a lot of confidence in some stocks as they added substantially to METLIFE INC (MET), PUBLIC SERVICE ENTERPRISE GP (PEG) and AUTOMATIC DATA PROCESSING (ADP).

TOBAM Annual Return Estimates Vs S&P 500

Our best estimate is that TOBAM made a return of -0.89% in the last quarter. In trailing 12 months, it's portfolio return was 1.41%.

Performance
S&P 500

New Buys

Ticker	$ Bought
factset research systems inc	819,000
darden restaurants inc	809,000
comfort systems usa inc	755,000
abbott laboratories	749,000
s&p global inc	704,000
american homes 4 rent- a	656,000
capital one financial corp	618,000
amgen inc	606,000

New stocks bought by TOBAM

Additions

Ticker	% Inc.
metlife inc	53,725
public service enterprise gp	49,584
automatic data processing	40,100
marsh & mclennan cos	33,141
norfolk southern corp	30,000
east west bancorp inc	25,795
natera inc	24,935
moody's corp	24,791

Additions to existing portfolio by TOBAM

Reductions

Ticker	% Reduced
neurocrine biosciences inc	-98.85
semler scientific inc	-91.45
hive digital technologies lt - usd	-86.76
hut 8 corp	-85.81
abbvie inc	-84.09
teck resources ltd-cls b	-79.16
reddit inc-cl a	-78.17
riot platforms inc	-76.72

TOBAM reduced stake in above stock

Sold off

Ticker	$ Sold
electronic arts inc	-6,586,000
intel corp	-412,000
cvs health corp	-516,000
trade desk inc/the -class a	-150,000
mobileye global inc-a	-16,000
equinox gold corp	-17,000
hewlett-packard co	-29,000
ritchie bros auctioneers	-90,000

TOBAM got rid off the above stocks

Sector Distribution

TOBAM has about 19.1% of it's holdings in Technology sector.

Sector	%
Technology	19.1
Healthcare	17.6
Consumer Defensive	15.7
Communication Services	10.9
Others	9.6
Financial Services	7.6
Consumer Cyclical	6.6
Utilities	4.3
Industrials	4.3
Real Estate	2.6

Market Cap. Distribution

TOBAM has about 90.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	57.6
MEGA-CAP	33.3
UNALLOCATED	7.8

Stocks belong to which Index?

About 83.6% of the stocks held by TOBAM either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	81.4
Others	16.4
RUSSELL 2000	2.2

Top 5 Winners (%)		%
TWLO	twilio inc - a	31.9 %
LLY	eli lilly & co	28.4 %
EXPE	expedia group inc	28.2 %
DG	dollar general corp	28.1 %
EXPD	expeditors intl wash inc	25.0 %

Top 5 Winners ($)		$
GOOG	alphabet inc-cl a	2.2 M
DG	dollar general corp	1.5 M
LLY	eli lilly & co	1.4 M
GM	general motors co	0.9 M
DLTR	dollar tree inc	0.9 M

Top 5 Losers (%)		%
MSTR	strategy inc	-52.8 %
MARA	mara holdings inc	-50.4 %
	fiserv inc	-38.1 %
	brookfield corp	-29.4 %
SMLR	semler scientific inc	-26.8 %

Top 5 Losers ($)		$
MSTR	strategy inc	-4.6 M
	fiserv inc	-2.6 M
ORCL	oracle corp	-1.6 M
CLX	clorox company	-1.2 M
T	at&t inc	-1.0 M

TOBAM Holdings Map

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

Current Stock Holdings of TOBAM

TOBAM has 255 stocks in it's portfolio. About 21.3% of the portfolio is in top 10 stocks. MSTR proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for TOBAM last quarter.

Last Reported on: 02 Mar, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.97	29,446	8,005,000	added	1,032

ABBV	abbvie inc	0.01	127	29,000	reduced	-84.09

ABC	cencora inc	1.82	21,896	7,395,000	reduced	-0.71

ABT	abbott laboratories	0.18	5,981	749,000	new

ACM	aecom	0.08	3,585	342,000	added	459

ADBE	adobe inc	0.29	3,392	1,187,000	added	24,128

ADM	archer-daniels-midland co	0.00	309	18,000	unchanged	0.00

ADP	automatic data processing	0.20	3,216	827,000	added	40,100

ADSK	autodesk inc	0.25	3,425	1,014,000	added	1,093

AEM	agnico-eagle mines	0.00	0.00	0.00	sold off	-100

AIG	american international group	0.02	804	69,000	reduced	-58.1

ALGN	align technology inc	0.01	192	30,000	new

ALL	allstate corp	0.00	45.00	9,000	unchanged	0.00

AMAT	applied materials inc	0.34	5,303	1,363,000	added	671

AMD	advanced micro devices	0.70	13,331	2,855,000	added	424

AME	ametek inc	0.01	303	62,000	added	32.31

AMGN	amgen inc	0.15	1,851	606,000	new

AMH	american homes 4 rent- a	0.16	20,431	656,000	new

AMP	ameriprise financial inc	0.16	1,326	650,000	added	827

AMT	american tower corp	1.16	26,925	4,727,000	added	2.89