Pcj Investment Counsel 13F annual report
Pcj Investment Counsel is an investment fund managing more than $216 billion ran by Heiki Altosaar. There are currently 72 companies in Mr. Altosaar’s portfolio. The largest investments include RB Global Inc and Canadian Pacific Kansas City, together worth $22.9 billion.
$216 billion Assets Under Management (AUM)
As of 1st August 2024, Pcj Investment Counsel’s top holding is 157,340 shares of RB Global Inc currently worth over $12 billion and making up 5.6% of the portfolio value.
Relative to the number of outstanding shares of RB Global Inc, Pcj Investment Counsel owns more than approximately 0.1% of the company.
In addition, the fund holds 138,590 shares of Canadian Pacific Kansas City worth $10.9 billion.
The third-largest holding is Brookfield Infrast Partners worth $10.3 billion and the next is Rogers Communications worth $8.9 billion, with 240,480 shares owned.
Currently, Pcj Investment Counsel's portfolio is worth at least $216 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pcj Investment Counsel
The Pcj Investment Counsel office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Heiki Altosaar serves as the Chief Compliance Officer at Pcj Investment Counsel.
Recent trades
In the most recent 13F filing, Pcj Investment Counsel revealed that it had opened a new position in
Microsoft and bought 5,000 shares worth $2.23 billion.
This means they effectively own approximately 0.1% of the company.
Microsoft makes up
13.9%
of the fund's Technology sector allocation and has grown its share price by 22.2% in the past year.
The investment fund also strengthened its position in RB Global Inc by buying
47,850 additional shares.
This makes their stake in RB Global Inc total 157,340 shares worth $12 billion.
RB Global Inc soared 33.1% in the past year.
On the other hand, there are companies that Pcj Investment Counsel is getting rid of from its portfolio.
Pcj Investment Counsel closed its position in West Fraser Timber Co Ltd on 8th August 2024.
It sold the previously owned 102,400 shares for $8.85 billion.
Heiki Altosaar also disclosed a decreased stake in Canadian Pacific Kansas City by approximately 0.1%.
This leaves the value of the investment at $10.9 billion and 138,590 shares.
One of the smallest hedge funds
The two most similar investment funds to Pcj Investment Counsel are Dorval Corp and Simplifi. They manage $216 billion and $216 billion respectively.
Heiki Altosaar investment strategy
Pcj Investment Counsel’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Materials — making up 15.8% of
the total portfolio value.
The fund focuses on investments in the Canada as
47.2% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
32% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $60.4 billion.
The complete list of Pcj Investment Counsel trades based on 13F SEC filings
These positions were updated on August 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| RB Global Inc |
43.70%
157,340
|
$12,011,042,000 | 5.56% |
| Canadian Pacific Kansas City |
5.50%
138,590
|
$10,913,923,000 | 5.05% |
| Brookfield Infrast Partners |
78.31%
374,720
|
$10,286,047,000 | 4.76% |
| Rogers Communications Inc. |
28.77%
240,480
|
$8,895,411,000 | 4.12% |
| West Fraser Timber Co Ltd |
Closed
102,400
|
$8,849,408,000 | |
| Royal Bk Cda |
18.01%
75,770
|
$8,067,898,000 | 3.74% |
| Suncor Energy, Inc. |
123.44%
172,440
|
$6,573,825,000 | 3.04% |
| Manulife Finl Corp |
30.75%
225,791
|
$6,012,128,000 | 2.78% |
| Triple Flag Precious Metal |
Closed
406,589
|
$5,876,839,000 | |
| Enerflex Ltd |
16.34%
1,084,760
|
$5,852,517,000 | 2.71% |
| TC Energy Corporation |
28.10%
153,700
|
$5,825,963,000 | 2.70% |
| Colliers Intl Group Inc |
47.91%
51,910
|
$5,796,183,000 | 2.68% |
| Uber Technologies Inc |
53.21%
75,700
|
$5,501,876,000 | 2.55% |
| United Rentals, Inc. |
4.00%
8,170
|
$5,283,784,000 | 2.45% |
| Cenovus Energy Inc |
36.25%
265,030
|
$5,210,061,000 | 2.41% |
| Shopify Inc |
22.55%
69,450
|
$4,590,303,000 | 2.13% |
| Osisko Gold Royalties Ltd |
38.60%
290,854
|
$4,533,304,000 | 2.10% |
| Brookfield Corp |
36.72%
107,130
|
$4,456,316,000 | 2.06% |
| Canadian Nat Res Ltd |
92.33%
120,310
|
$4,285,986,000 | 1.98% |
| Builders Firstsource Inc |
Closed
20,000
|
$4,171,000,000 | |
| Crescent Pt Energy Corp |
Closed
480,950
|
$3,935,837,000 | |
| Amazon.com Inc. |
37.53%
19,570
|
$3,781,903,000 | 1.75% |
| Toronto Dominion Bk Ont |
33.06%
68,540
|
$3,768,032,000 | 1.74% |
| Ero Copper Corp |
174.92%
170,450
|
$3,643,569,000 | 1.69% |
| Alamos Gold Inc. |
15.27%
226,090
|
$3,545,894,000 | 1.64% |
| XPO Inc |
78.20%
29,670
|
$3,149,471,000 | 1.46% |
| MAG Silver Corp. |
969.68%
267,420
|
$3,124,088,000 | 1.45% |
| Wells Fargo Co New |
100.78%
48,910
|
$2,904,765,000 | 1.35% |
| Enbridge Inc |
3.70%
77,608
|
$2,761,344,000 | 1.28% |
| GE Aerospace |
30.77%
17,000
|
$2,702,490,000 | 1.25% |
| Denison Mines Corp |
0.37%
1,322,600
|
$2,649,304,000 | 1.23% |
| Bank Nova Scotia Halifax |
25.55%
56,755
|
$2,596,524,000 | 1.20% |
| Parker-Hannifin Corp. |
50.00%
5,000
|
$2,529,050,000 | 1.17% |
| Instructure Hldgs Inc |
Closed
112,180
|
$2,398,408,000 | |
| Hudbay Minerals Inc. |
36.75%
261,000
|
$2,362,184,000 | 1.09% |
| Agnico Eagle Mines Ltd |
69.43%
34,660
|
$2,267,291,000 | 1.05% |
| Microsoft Corporation |
Opened
5,000
|
$2,234,750,000 | 1.03% |
| Teck Resources Ltd |
5.04%
46,500
|
$2,228,664,000 | 1.03% |
| Beacon Roofing Supply Inc |
144.60%
24,460
|
$2,213,630,000 | 1.03% |
| Docebo Inc. |
52.90%
57,266
|
$2,211,720,000 | 1.02% |
| Gildan Activewear Inc |
7.51%
58,000
|
$2,199,699,000 | 1.02% |
| GFL Environmental Inc. |
22.75%
55,550
|
$2,162,904,000 | 1.00% |
| Enerplus Corporation |
Closed
107,900
|
$2,120,624,000 | |
| Quanta Svcs Inc |
Opened
8,320
|
$2,114,029,000 | 0.98% |
| Tjx Cos Inc New |
Closed
20,610
|
$2,090,266,000 | |
| Descartes Sys Group Inc |
Opened
21,080
|
$2,041,723,000 | 0.95% |
| Carlisle Cos Inc |
Closed
5,000
|
$1,959,250,000 | |
| VanEck ETF Trust |
Closed
50,000
|
$1,937,000,000 | |
| Carvana Co. |
Opened
15,000
|
$1,930,800,000 | 0.89% |
| Aercap Holdings Nv |
Opened
20,010
|
$1,864,932,000 | 0.86% |
| Centerra Gold Inc |
Opened
272,246
|
$1,831,057,000 | 0.85% |
| Bank Montreal Que |
35.11%
21,500
|
$1,804,872,000 | 0.84% |
| SilverCrest Metals Inc |
54.01%
219,840
|
$1,796,806,000 | 0.83% |
| Canadian Imperial Bk Comm To |
41.29%
36,370
|
$1,729,590,000 | 0.80% |
| Sun Life Financial, Inc. |
42.30%
34,180
|
$1,676,169,000 | 0.78% |
| NexGen Energy Ltd |
24.96%
237,310
|
$1,655,073,000 | 0.77% |
| Xponential Fitness, Inc. |
Closed
100,000
|
$1,654,000,000 | |
| Wheaton Precious Metals Corp |
3.12%
31,350
|
$1,643,959,000 | 0.76% |
| Skeena Res Ltd New |
51.58%
303,160
|
$1,626,749,000 | 0.75% |
| CGI Inc |
29.09%
15,710
|
$1,568,269,000 | 0.73% |
| Fortis Inc. |
Opened
39,410
|
$1,531,883,000 | 0.71% |
| TFI International Inc |
Opened
10,550
|
$1,531,671,000 | 0.71% |
| Capital One Finl Corp |
Closed
10,000
|
$1,488,900,000 | |
| First Majestic Silver Corporation |
23.77%
250,960
|
$1,486,080,000 | 0.69% |
| Kinross Gold Corp. |
78.49%
173,390
|
$1,443,778,000 | 0.67% |
| Franco Nev Corp |
11.25%
11,830
|
$1,402,776,000 | 0.65% |
| Howmet Aerospace Inc. |
Closed
20,000
|
$1,368,600,000 | |
| Thomson-Reuters Corp |
43.09%
7,936
|
$1,337,927,000 | 0.62% |
| Energy Fuels Inc |
31.08%
219,890
|
$1,332,639,000 | 0.62% |
| Cameco Corp. |
61.76%
25,720
|
$1,265,620,000 | 0.59% |
| Endeavour Silver Corp. |
75.67%
351,330
|
$1,235,415,000 | 0.57% |
| Royal Gold, Inc. |
Closed
10,000
|
$1,218,100,000 | |
| Fortuna Mng Corp |
Opened
240,930
|
$1,178,337,000 | 0.55% |
| Apollo Global Mgmt Inc |
64.44%
9,780
|
$1,154,725,000 | 0.53% |
| Progressive Corp. |
2.30%
5,530
|
$1,148,636,000 | 0.53% |
| Iamgold Corp. |
Opened
301,150
|
$1,131,615,000 | 0.52% |
| Pembina Pipeline Corporation |
48.69%
28,970
|
$1,075,035,000 | 0.50% |
| Precision Drilling Corp |
0.41%
14,720
|
$1,035,227,000 | 0.48% |
| Union Pac Corp |
3.44%
4,210
|
$952,555,000 | 0.44% |
| Open Text Corp |
Closed
23,670
|
$918,863,000 | |
| Nutrien Ltd |
Opened
17,900
|
$911,437,000 | 0.42% |
| Restaurant Brands International Inc |
71.35%
11,910
|
$839,347,000 | 0.39% |
| Veren Inc. |
Opened
74,670
|
$589,007,000 | 0.27% |
| Algonquin Pwr Utils Corp |
Opened
95,700
|
$560,885,000 | 0.26% |
| ArcBest Corp |
Closed
3,100
|
$441,750,000 | |
| Knight-swift Transn Hldgs In |
Closed
7,900
|
$434,658,000 | |
| Hunt J B Trans Svcs Inc |
Closed
2,100
|
$418,425,000 | |
| Waste Connections Inc |
Closed
1,710
|
$294,108,000 | |
| Primo Water Corporation |
27.80%
9,220
|
$201,537,000 | 0.09% |
| Orla Mng Ltd New |
74.94%
50,190
|
$192,632,000 | 0.09% |
| Transalta Corp. |
Closed
25,000
|
$160,456,000 | |
| No transactions found | |||
| Showing first 500 out of 91 holdings | |||
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