Latest Addenda Capital Inc. Stock Portfolio

Addenda Capital Inc. Performance:

2025 Q4: 1.39%YTD: 18.46%2024: 10.28%

Performance for 2025 Q4 is 1.39%, and YTD is 18.46%, and 2024 is 10.28%.

About Addenda Capital Inc. and 13F Hedge Fund Stock Holdings

Addenda Capital Inc. is a hedge fund based in Canada. On 30-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $24.2 Billions. In it's latest 13F Holdings report, Addenda Capital Inc. reported an equity portfolio of $3.4 Billions as of 31 Dec, 2025.

The top stock holdings of Addenda Capital Inc. are , , . The fund has invested 5% of it's portfolio in TORONTO DOMINION BK ONT and 4.8% of portfolio in ROYAL BK CDA.

The fund managers got completely rid off GFL ENVIRONMENTAL INC, MIDDLEBY CORP (MIDD) and LKQ CORP (LKQ) stocks. They significantly reduced their stock positions in TECK RESOURCES LTD, ADOBE INC (ADBE) and AMPHENOL CORP NEW (APH). Addenda Capital Inc. opened new stock positions in BOYD GROUP SERVICES INC, TAIWAN SEMICONDUCTOR MFG LTD (TSM) and SPDR S&P 500 ETF TR (SPY). The fund showed a lot of confidence in some stocks as they added substantially to AMAZON COM INC (AMZN), SHERWIN WILLIAMS CO (SHW) and TRANSUNION (TRU).

Addenda Capital Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Addenda Capital Inc. made a return of 1.39% in the last quarter. In trailing 12 months, it's portfolio return was 18.46%.

Performance
S&P 500

New Buys

Ticker	$ Bought
boyd group services inc	14,892,100
taiwan semiconductor mfg ltd	5,483,980
qnity electronics inc	3,314,990
spdr s&p 500 etf tr	1,729,540
kinross gold corp	1,336,480
hudbay minerals inc	382,318

New stocks bought by Addenda Capital Inc.

Additions

Ticker	% Inc.
amazon com inc	315
sherwin williams co	148
transunion	129
franco nev corp	88.14
brookfield corp	55.64
s&p global inc	41.87
united rentals inc	21.3
cameco corp	21.14

Additions to existing portfolio by Addenda Capital Inc.

Reductions

Ticker	% Reduced
teck resources ltd	-69.17
equinox gold corp	-47.1
adobe inc	-39.6
amphenol corp new	-29.5
brp inc	-14.44
cgi inc	-13.8
alphabet inc	-13.04
or royalties inc.	-12.18

Addenda Capital Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
lkq corp	-7,233,180
gfl environmental inc	-15,109,100
fiserv inc	-11,093,400
ball corp	-4,004,710
middleby corp	-7,552,420
lightspeed commerce inc	-811,294
descartes sys group inc	-2,775,820

Addenda Capital Inc. got rid off the above stocks

Sector Distribution

Addenda Capital Inc. has about 63% of it's holdings in Others sector.

Sector	%
Others	63
Technology	9.8
Industrials	6.9
Consumer Cyclical	5
Financial Services	3.6
Healthcare	3.1
Energy	2.7
Communication Services	2.6
Consumer Defensive	2.1

Market Cap. Distribution

Addenda Capital Inc. has about 37% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	63
LARGE-CAP	21.6
MEGA-CAP	15.4

Stocks belong to which Index?

About 28.9% of the stocks held by Addenda Capital Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	71.1
S&P 500	28.9

Top 5 Winners (%)		%
GOOG	alphabet inc	27.4 %
GOOG	alphabet inc	27.0 %
MRK	merck & co inc	24.2 %
FDX	fedex corp	21.4 %
	rio tinto plc	20.2 %

Top 5 Winners ($)		$
	toronto dominion bk ont	23.8 M
	royal bk cda	20.5 M
GOOG	alphabet inc	13.6 M
	bank nova scotia halifax	12.2 M
	alamos gold inc new	10.1 M

Top 5 Losers (%)		%
DD	dupont de nemours inc	-46.0 %
	brookfield corp	-29.7 %
FFIV	f5 inc	-20.9 %
	telus corporation	-17.1 %
	thomson reuters corp	-15.4 %

Top 5 Losers ($)		$
	brookfield corp	-57.5 M
ENB	enbridge inc	-6.5 M
FFIV	f5 inc	-5.2 M
MSFT	microsoft corp	-4.4 M
	franco nev corp	-3.9 M

Addenda Capital Inc. Holdings Map

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

Current Stock Holdings of Addenda Capital Inc.

Addenda Capital Inc. has 125 stocks in it's portfolio. About 38.6% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. was the most profitable stock for Addenda Capital Inc. last quarter.

Last Reported on: 22 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.73	216,803	58,940,100	added	0.89

ABT	abbott labs	0.20	55,400	6,941,070	reduced	-9.84

ADBE	adobe inc	0.29	28,280	9,897,720	reduced	-39.6

AMZN	amazon com inc	1.09	160,375	37,030,600	added	315

APH	amphenol corp new	0.79	198,728	26,901,800	reduced	-29.5

AVGO	broadcom inc	1.70	167,800	58,075,600	reduced	-11.2

BALL	ball corp	0.00	0.00	0.00	sold off	-100

BKNG	booking holdings inc	0.71	4,527	24,243,600	reduced	-1.29

BR	broadridge finl solutions in	0.44	66,229	14,835,200	reduced	-1.37

CAE	cae inc	0.44	362,752	15,141,300	reduced	-8.79

CAT	caterpillar inc	0.32	18,800	10,770,000	reduced	-9.84

CHD	church & dwight co inc	0.21	84,567	7,090,940	reduced	-1.48

COST	costco whsl corp new	0.43	17,031	14,686,500	reduced	-1.38

CP	canadian pacific kansas city	2.14	718,820	72,800,700	reduced	-10.47

CSCO	cisco sys inc	0.24	105,400	8,120,020	reduced	-9.84

DD	dupont de nemours inc	0.10	81,200	3,264,240	reduced	-9.84

DE	deere & co	0.20	14,300	6,680,820	reduced	-9.84

DEO	diageo plc	0.18	73,000	6,297,710	reduced	-9.84

DIS	disney walt co	0.20	60,900	6,974,270	reduced	-9.84

DOW	dow inc	0.18	269,800	6,307,920	reduced	-9.84