Addenda Capital 13F annual report
Addenda Capital is an investment fund managing more than $2.55 trillion ran by Francois Cardin. There are currently 126 companies in Cardin’s portfolio. The largest investments include Royal Bk Cda and Toronto Dominion Bk Ont, together worth $231 billion.
$2.55 trillion Assets Under Management (AUM)
As of 9th July 2024, Addenda Capital’s top holding is 797,352 shares of Royal Bk Cda currently worth over $116 billion and making up 4.6% of the portfolio value.
In addition, the fund holds 1,532,674 shares of Toronto Dominion Bk Ont worth $115 billion.
The third-largest holding is Canadian Nat Res Ltd worth $114 billion and the next is Brookfield Corp worth $102 billion, with 1,790,787 shares owned.
Currently, Addenda Capital's portfolio is worth at least $2.55 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 Addenda Capital
The Addenda Capital office and employees reside in Montreal, Quebec, Canada. According to the last 13-F report filed with the SEC, Francois Cardin serves as the Corporate Secretary, General Counsel at Addenda Capital.
Recent trades
In the most recent 13F filing, Addenda Capital revealed that it had opened a new position in
LKQ Corp and bought 154,310 shares worth $6.42 billion.
This means they effectively own approximately 0.1% of the company.
LKQ Corp makes up
4.2%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Canadian Nat Res Ltd by buying
1,115,163 additional shares.
This makes their stake in Canadian Nat Res Ltd total 2,310,433 shares worth $114 billion.
On the other hand, there are companies that Addenda Capital is getting rid of from its portfolio.
Addenda Capital closed its position in PayPal Inc on 16th July 2024.
It sold the previously owned 99,671 shares for $6.67 billion.
Francois Cardin also disclosed a decreased stake in Royal Bk Cda by approximately 0.1%.
This leaves the value of the investment at $116 billion and 797,352 shares.
One of the largest hedge funds
The two most similar investment funds to Addenda Capital are Gmt Capital Corp and Tekla Capital Management. They manage $2.54 trillion and $2.56 trillion respectively.
Francois Cardin investment strategy
Addenda Capital’s portfolio is diversified across 11 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
27.0% 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
51% of the total holdings value.
On the other hand, small-cap stocks make up only 1.6% of the portfolio.
The average market cap of the portfolio companies is close to $148 billion.
The complete list of Addenda Capital trades based on 13F SEC filings
These positions were updated on July 16th 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 |
|---|---|---|---|
| Royal Bk Cda |
2.90%
797,352
|
$116,134,319,000 | 4.56% |
| Toronto Dominion Bk Ont |
4.16%
1,532,674
|
$115,257,082,000 | 4.53% |
| Canadian Nat Res Ltd |
93.30%
2,310,433
|
$113,790,747,000 | 4.47% |
| Brookfield Corp |
3.80%
1,790,787
|
$101,895,780,000 | 4.00% |
| Bank Montreal Que |
4.01%
861,287
|
$98,901,586,000 | 3.89% |
| Wheaton Precious Metals Corp |
42.77%
1,223,545
|
$87,764,883,000 | 3.45% |
| Canadian Pacific Kansas City |
3.62%
773,397
|
$83,472,734,000 | 3.28% |
| Shopify Inc |
5.67%
906,273
|
$81,936,142,000 | 3.22% |
| Enbridge Inc |
3.65%
1,580,205
|
$76,908,577,000 | 3.02% |
| Bank Nova Scotia Halifax |
0.32%
1,172,757
|
$73,391,133,000 | 2.88% |
| Canadian Natl Ry Co |
1.63%
427,926
|
$69,178,517,000 | 2.72% |
| CGI Inc |
3.58%
406,344
|
$55,486,273,000 | 2.18% |
| TC Energy Corporation |
2.12%
1,050,189
|
$55,464,392,000 | 2.18% |
| Barrick Gold Corp. |
4.68%
2,401,445
|
$54,800,975,000 | 2.15% |
| Manulife Finl Corp |
3.04%
1,477,176
|
$53,813,522,000 | 2.11% |
| Cameco Corp. |
15.32%
707,733
|
$47,637,508,000 | 1.87% |
| Waste Connections Inc |
3.43%
186,730
|
$44,820,802,000 | 1.76% |
| Suncor Energy, Inc. |
3.26%
854,658
|
$44,570,415,000 | 1.75% |
| Microsoft Corporation |
0.97%
96,422
|
$43,095,813,000 | 1.69% |
| Rogers Communications Inc. |
8.37%
723,390
|
$36,962,924,000 | 1.45% |
| Restaurant Brands International Inc |
1.77%
380,118
|
$36,945,053,000 | 1.45% |
| Broadcom Inc. |
12.66%
21,924
|
$35,198,837,000 | 1.38% |
| Teck Resources Ltd |
3.40%
497,619
|
$32,623,902,000 | 1.28% |
| BCE Inc |
0.02%
700,910
|
$31,751,155,000 | 1.25% |
| Nutrien Ltd |
18.39%
450,485
|
$31,709,129,000 | 1.25% |
| Pembina Pipeline Corporation |
4.58%
606,187
|
$30,770,052,000 | 1.21% |
| Apple Inc |
9.82%
143,716
|
$30,269,464,000 | 1.19% |
| Descartes Sys Group Inc |
4.83%
215,260
|
$28,532,713,000 | 1.12% |
| Canadian Imperial Bk Comm To |
57.68%
409,201
|
$26,986,782,000 | 1.06% |
| Alphabet Inc |
0.88%
189,588
|
$34,710,111,000 | 1.36% |
| Colliers Intl Group Inc |
20.62%
153,625
|
$23,500,823,000 | 0.92% |
| Visa Inc |
0.79%
75,513
|
$19,819,897,000 | 0.78% |
| Open Text Corp |
9.31%
451,128
|
$18,532,338,000 | 0.73% |
| Franco Nev Corp |
85.68%
104,369
|
$16,928,652,000 | 0.67% |
| Magna International Inc. |
10.33%
284,520
|
$16,314,377,000 | 0.64% |
| Brookfield Asset Managmt Ltd |
4.29%
301,956
|
$15,725,868,000 | 0.62% |
| GFL Environmental Inc. |
4.65%
279,360
|
$14,884,301,000 | 0.58% |
| Adobe Inc |
27.76%
26,042
|
$14,467,373,000 | 0.57% |
| Disney Walt Co |
4.17%
144,226
|
$14,320,200,000 | 0.56% |
| Tjx Cos Inc New |
1.30%
122,931
|
$13,534,703,000 | 0.53% |
| Pepsico Inc |
5.28%
80,015
|
$13,196,874,000 | 0.52% |
| Booking Holdings Inc |
6.24%
3,321
|
$13,156,142,000 | 0.52% |
| Unitedhealth Group Inc |
2.79%
25,599
|
$13,036,547,000 | 0.51% |
| Cenovus Energy Inc |
4.86%
472,520
|
$12,706,063,000 | 0.50% |
| Thomson-Reuters Corp |
0.02%
54,367
|
$12,537,574,000 | 0.49% |
| Stantec Inc |
0.02%
108,510
|
$12,450,433,000 | 0.49% |
| Fortis Inc. |
0.90%
224,968
|
$11,961,549,000 | 0.47% |
| Resmed Inc. |
17.41%
58,986
|
$11,291,100,000 | 0.44% |
| Amphenol Corp. |
115.33%
166,059
|
$11,202,496,000 | 0.44% |
| Gildan Activewear Inc |
0.10%
212,496
|
$11,026,417,000 | 0.43% |
| RB Global Inc |
0.02%
104,923
|
$10,947,666,000 | 0.43% |
| Intuit Inc |
8.21%
16,413
|
$10,786,788,000 | 0.42% |
| Fiserv, Inc. |
6.53%
71,599
|
$10,671,115,000 | 0.42% |
| Jpmorgan Chase Co. |
11.35%
52,520
|
$10,622,695,000 | 0.42% |
| Methanex Corp. |
0.02%
160,187
|
$10,580,351,000 | 0.42% |
| Schwab Charles Corp |
7.57%
143,473
|
$10,572,525,000 | 0.42% |
| Nike, Inc. |
5.63%
138,495
|
$10,484,040,000 | 0.41% |
| Honeywell International Inc |
8.03%
48,498
|
$10,356,263,000 | 0.41% |
| Costco Whsl Corp New |
19.71%
12,057
|
$10,248,329,000 | 0.40% |
| Sun Life Financial, Inc. |
0.84%
152,339
|
$10,218,900,000 | 0.40% |
| United Parcel Service, Inc. |
1.83%
74,494
|
$10,194,504,000 | 0.40% |
| Cae Inc. |
18.52%
394,829
|
$10,032,605,000 | 0.39% |
| Thermo Fisher Scientific Inc. |
6.79%
18,049
|
$9,986,919,000 | 0.39% |
| IQVIA Holdings Inc |
7.12%
45,191
|
$9,555,185,000 | 0.38% |
| Ball Corp. |
7.29%
153,464
|
$9,210,909,000 | 0.36% |
| Broadridge Finl Solutions In |
16.67%
46,361
|
$9,163,778,000 | 0.36% |
| Amazon.com Inc. |
0.02%
46,184
|
$8,926,905,000 | 0.35% |
| Caterpillar Inc. |
0.02%
26,231
|
$8,737,546,000 | 0.34% |
| Walmart Inc |
0.02%
124,092
|
$8,402,269,000 | 0.33% |
| Meta Platforms Inc |
0.02%
16,590
|
$8,361,194,000 | 0.33% |
| Becton Dickinson Co |
17.40%
35,363
|
$8,264,687,000 | 0.32% |
| Fedex Corp |
0.01%
26,793
|
$8,069,980,000 | 0.32% |
| NVIDIA Corp |
635.34%
65,129
|
$8,041,152,000 | 0.32% |
| Lowes Cos Inc |
8.63%
35,805
|
$7,893,570,000 | 0.31% |
| Akamai Technologies Inc |
17.87%
85,789
|
$7,727,873,000 | 0.30% |
| Linde Plc. |
28.27%
17,268
|
$7,577,371,000 | 0.30% |
| Mondelez International Inc. |
19.20%
112,625
|
$7,410,866,000 | 0.29% |
| DuPont de Nemours Inc |
0.02%
91,023
|
$7,326,441,000 | 0.29% |
| Fortive Corp |
8.76%
98,487
|
$7,297,887,000 | 0.29% |
| Emerson Elec Co |
0.02%
65,577
|
$7,223,962,000 | 0.28% |
| Merck Co Inc |
0.02%
57,736
|
$7,191,441,000 | 0.28% |
| International Business Machs |
0.02%
41,476
|
$7,173,274,000 | 0.28% |
| Middleby Corp. |
8.49%
57,645
|
$7,067,853,000 | 0.28% |
| Global Pmts Inc |
8.05%
70,661
|
$6,832,919,000 | 0.27% |
| PayPal Holdings Inc |
Closed
99,671
|
$6,674,967,000 | |
| Rio Tinto plc |
0.01%
100,663
|
$6,636,712,000 | 0.26% |
| Mastercard Incorporated |
0.02%
15,021
|
$6,626,664,000 | 0.26% |
| Danaher Corp. |
Closed
26,249
|
$6,560,924,000 | |
| Honda Motor |
0.02%
201,102
|
$6,483,528,000 | 0.25% |
| Abbott Labs |
26.46%
62,102
|
$6,453,019,000 | 0.25% |
| Intel Corp. |
27.52%
208,164
|
$6,442,676,000 | 0.25% |
| Bhp Group Ltd |
0.02%
112,545
|
$6,425,194,000 | 0.25% |
| LKQ Corp |
Opened
154,310
|
$6,419,296,000 | 0.25% |
| Stryker Corp. |
11.64%
18,699
|
$6,375,050,000 | 0.25% |
| Att Inc |
0.02%
326,987
|
$6,248,722,000 | 0.25% |
| Diageo plc |
27.61%
49,157
|
$6,197,715,000 | 0.24% |
| Starbucks Corp. |
27.83%
79,253
|
$6,169,846,000 | 0.24% |
| Johnson Johnson |
38.22%
41,924
|
$6,127,612,000 | 0.24% |
| Home Depot, Inc. |
0.02%
17,711
|
$6,096,835,000 | 0.24% |
| Coca-Cola Co |
0.02%
94,397
|
$6,053,397,000 | 0.24% |
| Deere Co |
0.02%
16,030
|
$6,012,468,000 | 0.24% |
| Church Dwight Co Inc |
12.69%
56,723
|
$5,881,041,000 | 0.23% |
| Mcdonalds Corp |
0.02%
22,419
|
$5,713,258,000 | 0.22% |
| Ford Mtr Co Del |
0.02%
451,303
|
$5,659,340,000 | 0.22% |
| Procter And Gamble Co |
0.01%
34,078
|
$5,620,144,000 | 0.22% |
| Cisco Sys Inc |
0.02%
118,150
|
$5,612,716,000 | 0.22% |
| Dow Inc |
0.02%
105,483
|
$5,595,873,000 | 0.22% |
| Pfizer Inc. |
0.02%
199,239
|
$5,574,707,000 | 0.22% |
| Pnc Finl Svcs Group Inc |
13.07%
35,532
|
$5,524,515,000 | 0.22% |
| Medtronic Plc |
0.03%
65,128
|
$5,171,069,000 | 0.20% |
| F5 Inc |
12.93%
29,667
|
$5,109,547,000 | 0.20% |
| CVS Health Corp |
15.96%
85,161
|
$5,029,609,000 | 0.20% |
| Union Pac Corp |
13.91%
21,934
|
$4,962,787,000 | 0.19% |
| Ishares Tr |
1.32%
23,000
|
$4,666,930,000 | 0.18% |
| Moodys Corp |
Closed
9,016
|
$3,543,558,000 | |
| Warner Bros.Discovery Inc |
Closed
349,990
|
$3,055,413,000 | |
| TFI International Inc |
18.08%
9,102
|
$1,813,003,000 | 0.07% |
| Brookfield Infrast Partners |
36.97%
43,063
|
$1,618,308,000 | 0.06% |
| Wabtec |
14.08%
7,950
|
$1,256,498,000 | 0.05% |
| Nuvei Corporation |
14.81%
24,603
|
$1,090,159,000 | 0.04% |
| BRP Inc. |
9.95%
11,636
|
$1,022,339,000 | 0.04% |
| Agnico Eagle Mines Ltd |
49.69%
11,417
|
$1,021,593,000 | 0.04% |
| Spdr Sp 500 Etf Tr |
Closed
1,727
|
$903,378,000 | |
| Lightspeed Commerce Inc |
10.53%
44,041
|
$823,567,000 | 0.03% |
| Telus Corp. |
91.88%
31,600
|
$804,489,000 | 0.03% |
| Osisko Gold Royalties Ltd |
0.33%
36,448
|
$779,440,000 | 0.03% |
| Molson Coors Beverage Company |
3.64%
11,820
|
$600,811,000 | 0.02% |
| Imperial Oil Ltd. |
7.96%
5,550
|
$521,136,000 | 0.02% |
| West Fraser Timber Co Ltd |
26.65%
2,780
|
$293,312,000 | 0.01% |
| Brookfield Infrastructure Corporation |
No change
6,300
|
$290,115,000 | 0.01% |
| MAG Silver Corp. |
Opened
10,510
|
$167,950,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 131 holdings | |||
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