SEC 13F Intelligence

Managers / Q4 2025 · view latest →

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

CIK 0000898286 · 1000 PLACE JEAN-PAUL RIOPELLE, MONTREAL, A8, H2Z2B3 · 514 847-2353

Reported Value
$59.0B
Q4 2025
Positions
540
Filings on Record
30
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Caisse De Depot Et Placement Du Quebec reported $59.0B in U.S.-listed holdings across 540 positions for Q4 2025.

Its largest position, AAPL, represents 4.5% of the portfolio.

Compared with Q3 2025, the fund opened 83 new positions and exited 82.

Portfolio Metrics

Turnover
+13.7%
vs prior filed quarter
Top-10 Concentration
+28.2%
share of reported value
Largest Position
+4.5%
Apple
New / Exited
83 / 82
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $36.6BQ4 ’18Q1 ’19: $39.4BQ2 ’19: $40.2BQ3 ’19: $41.0BQ4 ’19: $41.1BQ4 ’19Q1 ’20: $31.7BQ2 ’20: $35.5BQ3 ’20: $37.5BQ4 ’20: $43.2BQ4 ’20Q1 ’21: $44.4BQ2 ’21: $46.3BQ3 ’21: $47.0BQ4 ’21: $46.2BQ4 ’21Q1 ’22: $42.8BQ2 ’22: $36.3BQ3 ’22: $34.4BQ4 ’22: $32.5BQ4 ’22Q1 ’23: $35.1BQ2 ’23: $37.6BQ3 ’23: $34.7BQ4 ’23: $39.3BQ4 ’23Q1 ’24: $41.6BQ2 ’24: $41.2BQ3 ’24: $50.3BQ4 ’24: $48.1BQ4 ’24Q1 ’25: $47.7BQ2 ’25: $46.8BQ3 ’25: $55.5BQ4 ’25: $59.0BQ4 ’25Q1 ’26: $62.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 92.4%ETP: 3.9%Other: 2.2%REIT: 1.2%ADR: 0.2%
  • Common Stock · 92.4% · $54.5B
  • ETP · 3.9% · $2.3B
  • Other · 2.2% · $1.3B
  • REIT · 1.2% · $735M
  • ADR · 0.2% · $143M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+5.06M5.06M+$408M$408M
VANECK ETF TRUSTNEW+2.55M2.55M+$219M$219M
VTVVANGUARD INDEX FDSNEW+1.05M1.05M+$200M$200M
INVESCO EXCHANGE TRADED FD TNEW+757.0K757.0K+$145M$145M
BYD1CADBOYD GROUP SERVICES INCNEW+412.9K412.9K+$66M$66M
DALDELTA AIR LINES INC DELNEW+715.2K715.2K+$50M$50M
FITBFIFTH THIRD BANCORPNEW+884.8K884.8K+$41M$41M
STELLANTIS N.VNEW+3.58M3.58M+$39M$39M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.47%$2.6B9.70M
2NVDANVIDIA CORPORATIONhistory →COM4.25%$2.5B13.45M
3MSFTMICROSOFT CORPhistory →COM4.20%$2.5B5.12M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.91%$2.3B7.35M
5GIB/ACGI INChistory →CL A SUB VTG2.56%$1.5B16.29M
6CNRCANADIAN NATL RY COhistory →COM2.33%$1.4B13.89M
7AMZNAMAZON COM INChistory →COM2.25%$1.3B5.75M
8METAMETA PLATFORMS INChistory →CL A1.85%$1.1B1.66M
9CAECAE INChistory →COM1.60%$941M30.92M
10BCEBCE INChistory →COM NEW1.38%$815M34.11M
11ISHARES TRIBOXX HI YD ETF · BROAD USD HIGH1.33%$784M15.12M
12MAMASTERCARD INCORPORATEDhistory →CL A1.33%$784M1.37M
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.27%$746M1.48M
14JPMJPMORGAN CHASE & CO.history →COM1.25%$738M2.29M
15TFIITFI INTL INChistory →COM1.24%$733M7.09M
16AVGOBROADCOM INChistory →COM1.24%$730M2.11M
17BMOBANK MONTREAL QUEhistory →COM1.20%$705M5.42M
18LLYELI LILLY & COhistory →COM1.16%$684M636.4K
19JNJJOHNSON & JOHNSONhistory →COM0.97%$573M2.77M
20MRKMERCK & CO INChistory →COM0.74%$435M4.13M
21TSLATESLA INChistory →COM0.73%$433M962.7K
22LRCXLAM RESEARCH CORPhistory →COM NEW0.72%$424M2.48M
23GILGILDAN ACTIVEWEAR INChistory →COM0.66%$391M6.24M
24BKNGBOOKING HOLDINGS INChistory →COM0.66%$386M72.1K
25PGRPROGRESSIVE CORPhistory →COM0.64%$375M1.64M
26ABBVABBVIE INChistory →COM0.63%$371M1.62M
27COSTCOSTCO WHSL CORP NEWhistory →COM0.59%$346M401.2K
28BACBANK AMERICA CORPhistory →COM0.58%$344M6.25M
29RYROYAL BK CDAhistory →COM0.57%$336M1.97M
30TRVCCITIGROUP INChistory →COM NEW0.56%$329M2.82M
31WFCWELLS FARGO CO NEWhistory →COM0.56%$328M3.52M
32WMTWALMART INChistory →COM0.56%$327M2.94M
33PEPPEPSICO INChistory →COM0.55%$327M2.28M
34CRMSALESFORCE INChistory →COM0.54%$320M1.21M
35UNHUNITEDHEALTH GROUP INChistory →COM0.54%$319M966.1K
36NEENEXTERA ENERGY INChistory →COM0.51%$298M3.72M
37LSPDLIGHTSPEED COMMERCE INChistory →SUB VTG SHS0.50%$293M24.29M
38ADBEADOBE INChistory →COM0.48%$283M808.5K
39MUMICRON TECHNOLOGY INChistory →COM0.47%$280M979.4K
40SELECT SECTOR SPDR TRSTATE STREET CON0.47%$276M3.55M
41CSCOCISCO SYS INChistory →COM0.46%$272M3.53M
42KLACKLA CORPhistory →COM NEW0.46%$269M221.2K
43UBERUBER TECHNOLOGIES INChistory →COM0.45%$267M3.27M
44REGNREGENERON PHARMACEUTICALShistory →COM0.45%$264M342.3K
45TAT&T INChistory →COM0.43%$254M10.23M
46PGPROCTER AND GAMBLE COhistory →COM0.43%$251M1.75M
47ANETARISTA NETWORKS INChistory →COM SHS0.43%$251M1.91M
48CATCATERPILLAR INChistory →COM0.41%$243M424.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$62.4B684May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$59.0B540Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$55.5B539Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$46.8B478Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$47.7B591May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$48.1B516Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$50.3B496Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$41.2B461Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$41.6B481May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$39.3B481Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$34.7B492Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$37.6B477Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$35.1B541May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$32.5B570Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$34.4B548Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$36.3B583Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$42.8B616May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$46.2B570Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$47.0B546Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$46.3B512Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$44.4B681May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$43.2B677Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$37.5B684Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$35.5B685Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$31.7B715May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$41.1B700Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$41.0B820Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$40.2B768Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$39.4B739May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$36.6B735Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.