Guardian Capital L.P. 13F annual report

Guardian Capital L.P. is an investment fund managing more than $2.64 trillion ran by Richard Britnell. There are currently 123 companies in Mr. Britnell’s portfolio. The largest investments include Bank Montreal Que and Royal Bk Cda, together worth $410 billion.

Limited to 30 biggest holdings

$2.64 trillion Assets Under Management (AUM)

As of 6th August 2024, Guardian Capital L.P.’s top holding is 2,565,324 shares of Bank Montreal Que currently worth over $215 billion and making up 8.2% of the portfolio value. In addition, the fund holds 1,829,309 shares of Royal Bk Cda worth $195 billion. The third-largest holding is Open Text Corp worth $123 billion and the next is Canadian Nat Res Ltd worth $122 billion, with 3,426,936 shares owned.

Currently, Guardian Capital L.P.'s portfolio is worth at least $2.64 trillion. 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 Guardian Capital L.P.

The Guardian Capital L.P. office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Richard Britnell serves as the Chief Compliance Officer at Guardian Capital L.P..

Recent trades

In the most recent 13F filing, Guardian Capital L.P. revealed that it had opened a new position in Intuitive Surgical Inc and bought 6,182 shares worth $2.75 billion. This means they effectively own approximately 0.1% of the company. Intuitive Surgical Inc makes up 3.2% of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Open Text Corp by buying 1,329,297 additional shares. This makes their stake in Open Text Corp total 4,094,402 shares worth $123 billion. Open Text Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Guardian Capital L.P. is getting rid of from its portfolio. Guardian Capital L.P. closed its position in Celestica on 13th August 2024. It sold the previously owned 1,930,139 shares for $56.8 billion. Richard Britnell also disclosed a decreased stake in Bank Montreal Que by approximately 0.1%. This leaves the value of the investment at $215 billion and 2,565,324 shares.

One of the largest hedge funds

The two most similar investment funds to Guardian Capital L.P. are Cambridge Trust Co and Hennessy Advisors Inc. They manage $2.64 trillion and $2.63 trillion respectively.


Richard Britnell investment strategy

Guardian Capital L.P.’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 13.4% of the total portfolio value. The fund focuses on investments in the Canada as 20.3% 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 57% of the total holdings value. On the other hand, small-cap stocks make up only 0.8% of the portfolio. The average market cap of the portfolio companies is close to $166 billion.

The complete list of Guardian Capital L.P. trades based on 13F SEC filings

These positions were updated on August 13th 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
Bank Montreal Que
2.66%
2,565,324
$215,278,368,000 8.16%
Royal Bk Cda
1.48%
1,829,309
$194,715,428,000 7.38%
Open Text Corp
48.07%
4,094,402
$122,920,330,000 4.66%
Canadian Nat Res Ltd
67.15%
3,426,936
$122,040,846,000 4.63%
Suncor Energy, Inc.
14.07%
2,735,328
$104,247,711,000 3.95%
Brookfield Corp
3.35%
2,264,087
$94,147,367,000 3.57%
Agnico Eagle Mines Ltd
7.42%
1,398,039
$91,421,442,000 3.47%
Restaurant Brands International Inc
22.99%
1,263,100
$88,985,157,000 3.37%
Canadian Pacific Kansas City
10.51%
957,032
$75,353,987,000 2.86%
Telus Corp.
12.06%
4,809,244
$72,787,988,000 2.76%
CGI Inc
4.09%
706,330
$70,485,886,000 2.67%
Microsoft Corporation
2.11%
136,776
$61,132,033,000 2.32%
Celestica, Inc.
Closed
1,930,139
$56,809,263,000
Apple Inc
1.77%
239,821
$50,511,099,000 1.92%
Canadian Imperial Bk Comm To
43.50%
996,700
$47,382,128,000 1.80%
Costco Whsl Corp New
2.62%
51,952
$44,158,680,000 1.67%
Broadcom Inc
31.09%
26,348
$42,302,504,000 1.60%
Toronto Dominion Bk Ont
36.86%
747,563
$41,083,595,000 1.56%
Wheaton Precious Metals Corp
8.72%
717,288
$37,600,810,000 1.43%
Enbridge Inc
1.74%
1,006,284
$35,791,897,000 1.36%
Canadian Natl Ry Co
1.00%
300,782
$35,535,074,000 1.35%
Fortis Inc.
28.90%
901,978
$35,048,175,000 1.33%
Cameco Corp.
20.64%
709,185
$34,885,258,000 1.32%
Manulife Finl Corp
2.33%
1,307,281
$34,804,141,000 1.32%
Thomson-Reuters Corp
8.46%
201,494
$33,958,075,000 1.29%
Asml Holding N V
23.93%
33,133
$33,886,113,000 1.28%
Stantec Inc
3.40%
402,117
$33,656,930,000 1.28%
Novo-nordisk A S
0.76%
209,858
$29,955,131,000 1.14%
Alphabet Inc
75.64%
181,822
$33,147,286,000 1.26%
Williams Cos Inc
0.46%
677,114
$28,777,345,000 1.09%
Accenture Plc Ireland
3.37%
94,267
$28,601,550,000 1.08%
Mastercard Incorporated
5.30%
61,874
$27,296,334,000 1.04%
Unitedhealth Group Inc
8.74%
50,682
$25,810,315,000 0.98%
Teck Resources Ltd
8.63%
531,000
$25,441,123,000 0.96%
Mcdonalds Corp
0.55%
94,404
$24,057,915,000 0.91%
TotalEnergies SE
0.45%
345,014
$23,005,534,000 0.87%
Shell Plc
0.88%
309,522
$22,341,298,000 0.85%
Republic Svcs Inc
0.48%
110,068
$21,390,615,000 0.81%
Bank Nova Scotia Halifax
4.25%
461,767
$21,118,412,000 0.80%
Johnson & Johnson
0.22%
133,344
$19,489,559,000 0.74%
Pembina Pipeline Corporation
0.86%
492,185
$18,257,983,000 0.69%
Sun Life Financial, Inc.
5.11%
372,280
$18,250,113,000 0.69%
Waste Mgmt Inc Del
0.51%
85,455
$18,230,970,000 0.69%
Home Depot, Inc.
3.48%
49,971
$17,202,017,000 0.65%
Barrick Gold Corp.
11.41%
970,377
$16,182,996,000 0.61%
Nutrien Ltd
14.77%
312,042
$15,883,162,000 0.60%
Brookfield Renewable Corporation
12.23%
520,614
$14,746,957,000 0.56%
Rogers Communications Inc.
4.33%
393,898
$14,565,892,000 0.55%
Nuvei Corporation
Closed
520,236
$13,733,820,000
Brookfield Infrastructure Corporation
39.46%
379,253
$12,763,255,000 0.48%
Abbvie Inc
0.22%
74,285
$12,741,363,000 0.48%
Air Prods & Chems Inc
0.56%
47,498
$12,256,859,000 0.46%
Cisco Sys Inc
Closed
230,785
$11,659,258,000
TC Energy Corporation
43.30%
302,177
$11,452,406,000 0.43%
Equinix Inc
82.72%
15,100
$11,424,660,000 0.43%
Procter And Gamble Co
1.00%
67,693
$11,163,930,000 0.42%
Hartford Finl Svcs Group Inc
0.59%
109,215
$10,980,476,000 0.42%
Booking Holdings Inc
10.70%
2,762
$10,941,663,000 0.41%
Grainger W W Inc
22.90%
11,764
$10,613,951,000 0.40%
Brookfield Renewable Partner
6.67%
425,920
$10,536,334,000 0.40%
Kenvue Inc
17.43%
525,100
$9,546,318,000 0.36%
CME Group Inc
1.03%
47,919
$9,420,875,000 0.36%
Icici Bank Limited
3,190.19%
319,148
$9,194,654,000 0.35%
Shopify Inc
14.27%
125,619
$8,299,933,000 0.31%
Unilever plc
0.48%
149,669
$8,230,298,000 0.31%
AMGEN Inc.
0.46%
23,119
$7,223,532,000 0.27%
Colgate-Palmolive Co.
0.46%
66,720
$6,474,509,000 0.25%
WEC Energy Group Inc
1.01%
77,875
$6,110,072,000 0.23%
Illinois Tool Wks Inc
5.01%
24,190
$5,732,062,000 0.22%
Eog Res Inc
4.63%
44,656
$5,620,851,000 0.21%
Sanofi
11.09%
112,497
$5,458,354,000 0.21%
Verisk Analytics Inc
5.81%
18,966
$5,112,285,000 0.19%
Nike, Inc.
2.14%
66,808
$5,035,319,000 0.19%
MarketAxess Holdings Inc.
15.26%
25,074
$5,028,089,000 0.19%
NVIDIA Corp
502.31%
40,168
$4,962,355,000 0.19%
Waste Connections Inc
0.18%
27,353
$4,798,144,000 0.18%
Automatic Data Processing In
0.20%
19,851
$4,738,235,000 0.18%
Amazon.com Inc.
2.49%
23,092
$4,462,529,000 0.17%
Astrazeneca plc
18.38%
55,979
$4,365,802,000 0.17%
Imperial Oil Ltd.
No change
57,689
$3,932,641,000 0.15%
Waters Corp.
36.64%
11,934
$3,462,292,000 0.13%
Pepsico Inc
8.05%
20,839
$3,436,976,000 0.13%
Texas Instrs Inc
10.31%
16,055
$3,123,179,000 0.12%
Roper Technologies Inc
3.26%
5,378
$3,031,363,000 0.11%
Descartes Sys Group Inc
8.22%
30,348
$2,939,765,000 0.11%
JPMorgan Chase & Co.
11.40%
14,069
$2,845,596,000 0.11%
Emerson Elec Co
6.68%
25,563
$2,816,020,000 0.11%
Intuitive Surgical Inc
Opened
6,182
$2,750,063,000 0.10%
Yum China Holdings Inc
Opened
89,090
$2,747,536,000 0.10%
Intuit Inc
41.23%
4,170
$2,740,566,000 0.10%
Arm Holdings Plc
478.20%
16,525
$2,703,820,000 0.10%
Ishares Tr
17.51%
84,818
$3,940,525,000 0.15%
Duke Energy Corp.
3.74%
25,766
$2,582,526,000 0.10%
Illumina Inc
25.47%
23,063
$2,407,316,000 0.09%
American Express Co.
No change
10,388
$2,405,341,000 0.09%
Aflac Inc.
4.34%
26,422
$2,359,749,000 0.09%
Magna International Inc.
18.07%
55,545
$2,327,585,000 0.09%
Ats Corporation
Closed
52,719
$2,283,317,000
Comcast Corp New
Closed
49,365
$2,164,655,000
Disney Walt Co
22.29%
21,726
$2,157,175,000 0.08%
Brookfield Asset Managmt Ltd
14.48%
56,401
$2,146,647,000 0.08%
Autodesk Inc.
Closed
8,523
$2,075,180,000
RTX Corp
26.71%
20,378
$2,045,747,000 0.08%
ServiceNow Inc
95.04%
2,555
$2,009,942,000 0.08%
Chevron Corp.
1.20%
12,554
$1,963,697,000 0.07%
Starbucks Corp.
21.76%
23,244
$1,809,545,000 0.07%
Colliers Intl Group Inc
19.42%
15,709
$1,753,838,000 0.07%
Synopsys, Inc.
88.29%
2,877
$1,711,988,000 0.06%
Thermo Fisher Scientific Inc.
Closed
3,198
$1,697,466,000
Meta Platforms Inc
Opened
3,344
$1,686,112,000 0.06%
Baxter International Inc.
Closed
43,424
$1,678,772,000
Eli Lilly & Co
106.94%
1,850
$1,674,953,000 0.06%
Lowes Cos Inc
Closed
7,400
$1,646,870,000
Amphenol Corp.
Closed
16,385
$1,624,245,000
First Tr Exchange Traded Fd
Opened
13,503
$1,560,677,000 0.06%
Godaddy Inc
Closed
14,200
$1,507,472,000
S&P Global Inc
Closed
3,215
$1,416,272,000
Cadence Design System Inc
334.49%
4,371
$1,345,175,000 0.05%
Fleetcor Technologies Inc
Closed
4,600
$1,300,006,000
Danaher Corp.
Opened
5,002
$1,249,750,000 0.05%
Napco Sec Technologies Inc
Closed
34,920
$1,196,010,000
Fiserv, Inc.
Closed
8,810
$1,170,320,000
Zebra Technologies Corporati
Closed
4,225
$1,154,819,000
Cintas Corporation
Closed
1,725
$1,039,588,000
Take-two Interactive Softwar
Closed
6,445
$1,037,323,000
Markel Group Inc
Closed
715
$1,015,229,000
Tjx Cos Inc New
52.51%
8,880
$977,688,000 0.04%
Visa Inc
46.38%
3,724
$977,438,000 0.04%
Factset Resh Sys Inc
64.33%
2,363
$964,742,000 0.04%
Copart, Inc.
Closed
19,200
$940,800,000
Parker-Hannifin Corp.
Opened
1,851
$936,254,000 0.04%
Pool Corporation
Closed
2,150
$857,226,000
Dollar Gen Corp New
Closed
6,225
$846,289,000
Sherwin-Williams Co.
44.32%
2,621
$782,185,000 0.03%
Autozone Inc.
Closed
301
$778,269,000
Agilent Technologies Inc.
64.16%
5,818
$754,187,000 0.03%
Adobe Inc
49.37%
1,322
$734,424,000 0.03%
CRH Plc
2.25%
9,511
$713,135,000 0.03%
Rockwell Automation Inc
Closed
2,278
$707,273,000
MongoDB Inc
Closed
1,481
$605,507,000
Idexx Labs Inc
Closed
1,035
$574,477,000
Ishares Tr
Closed
36,711
$571,590,000
PayPal Holdings Inc
Closed
9,280
$569,885,000
Algonquin Pwr Utils Corp
No change
83,701
$491,801,000 0.02%
Gildan Activewear Inc
Closed
13,276
$441,191,000
Steris Plc
Closed
1,967
$432,445,000
Stmicroelectronics N V
Closed
7,285
$365,197,000
BCE Inc
97.68%
10,439
$338,036,000 0.01%
Equinor ASA
Closed
9,896
$313,109,000
Microchip Technology, Inc.
Closed
3,308
$298,315,000
Motorola Solutions Inc
Opened
696
$268,691,000 0.01%
Toyota Motor Corporation
No change
1,257
$257,647,000 0.01%
Monolithic Pwr Sys Inc
Opened
373
$223,983,000 0.01%
Caterpillar Inc.
Closed
711
$210,221,000
Methanex Corp.
25.70%
4,187
$202,106,000 0.01%
Lyft Inc
Closed
12,258
$183,747,000
Steelcase, Inc.
Closed
11,075
$149,734,000
Healthcare Svcs Group Inc
Opened
11,956
$126,494,000 0.00%
Hecla Mng Co
Opened
22,062
$107,001,000 0.00%
Lumen Technologies, Inc.
Closed
22,145
$40,525,000
No transactions found
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