SEC 13F Intelligence

Managers / Q2 2025 · view latest →

CANADA PENSION PLAN INVESTMENT BOARD

CIK 0001283718 · ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO, A6, M5C2W5 · 416 972 8226

Reported Value
$116.9B
Q2 2025
Positions
1,345
Filings on Record
32
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Canada Pension Plan Investment Board reported $116.9B in U.S.-listed holdings across 1,345 positions for Q2 2025.

Its largest position, NVDA, represents 4.9% of the portfolio.

Compared with Q1 2025, the fund opened 183 new positions and exited 135.

Portfolio Metrics

Turnover
+8.6%
vs prior filed quarter
Top-10 Concentration
+26.4%
share of reported value
Largest Position
+4.9%
Nvidia Corporation
New / Exited
183 / 135
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: $44.9BQ4 ’18Q1 ’19: $51.9BQ2 ’19: $49.5BQ3 ’19: $48.6BQ4 ’19: $50.9BQ4 ’19Q1 ’20: $38.0BQ2 ’20: $46.8BQ3 ’20: $53.1BQ4 ’20: $66.9BQ4 ’20Q1 ’21: $77.1BQ2 ’21: $83.8BQ3 ’21: $83.6BQ4 ’21: $94.1BQ4 ’21Q1 ’22: $74.5BQ2 ’22: $60.2BQ3 ’22: $58.9BQ4 ’22: $56.4BQ4 ’22Q1 ’23: $63.2BQ2 ’23: $65.9BQ3 ’23: $68.4BQ4 ’23: $79.2BQ4 ’23Q1 ’24: $95.2BQ2 ’24: $101.8BQ3 ’24: $105.6BQ4 ’24: $105.0BQ4 ’24Q1 ’25: $103.0BQ2 ’25: $116.9BQ3 ’25: $142.4BQ4 ’25: $149.5BQ4 ’25Q1 ’26: $155.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.3%Other: 8.0%REIT: 4.5%ETP: 2.6%ADR: 0.6%Other: 0.0%
  • Common Stock · 84.3% · $98.5B
  • Other · 8.0% · $9.3B
  • REIT · 4.5% · $5.3B
  • ETP · 2.6% · $3.0B
  • ADR · 0.6% · $726M
  • Other · 0.0% · $53M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+2.80M2.80M+$307M$307M
BBARRICK MNG CORPNEW+8.27M8.27M+$172M$172M
EMAEMERA INCNEW+1.80M1.80M+$83M$83M
CAICARIS LIFE SCIENCES INCNEW+1.32M1.32M+$35M$35M
YMMFULL TRUCK ALLIANCE CO LTDNEW+2.73M2.73M+$32M$32M
TLNTALEN ENERGY CORPNEW+80.3K80.3K+$23M$23M
4DHDANA INCNEW+1.20M1.20M+$21M$21M
PPCPILGRIMS PRIDE CORPNEW+390.6K390.6K+$18M$18M

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

Holdings — Q2 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM4.95%$5.8B36.61M
2MSFTMICROSOFT CORPhistory →COM4.71%$5.5B11.08M
3AAPLAPPLE INChistory →COM4.03%$4.7B22.94M
4AMZNAMAZON COM INChistory →COM2.46%$2.9B13.12M
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.35%$2.7B15.53M
6MAMASTERCARD INCORPORATEDhistory →CL A1.98%$2.3B4.13M
7METAMETA PLATFORMS INChistory →CL A1.89%$2.2B3.00M
8AVGOBROADCOM INChistory →COM1.81%$2.1B7.69M
9SPORTRADAR GROUP AGCLASS A ORD SHS1.64%$1.9B68.17M
10GE AEROSPACECOM NEW1.46%$1.7B6.61M
11VIKING HOLDINGS LTDORD SHS1.43%$1.7B31.34M
12INFA1EURINFORMATICA INChistory →COM CL A1.34%$1.6B64.38M
13LINDE PLCSHS1.32%$1.5B3.29M
14SPDR S&P 500 ETF TRTR UNIT1.18%$1.4B2.24M
15TMUST-MOBILE US INChistory →COM1.18%$1.4B5.79M
16LYVLIVE NATION ENTERTAINMENT INhistory →COM1.14%$1.3B8.81M
17JPMJPMORGAN CHASE & CO.history →COM1.11%$1.3B4.47M
18FQIDIGITAL RLTY TR INChistory →COM1.10%$1.3B7.36M
19CRCCANADIAN NAT RES LTDhistory →COM1.02%$1.2B37.79M
20TSLATESLA INChistory →COM0.98%$1.1B3.60M
21TRPTC ENERGY CORPhistory →COM0.88%$1.0B20.99M
22WAYWAYSTAR HLDG CORPhistory →COM0.87%$1.0B24.96M
23EQHEQUITABLE HLDGS INChistory →COM0.85%$988M17.62M
24UNPUNION PAC CORPhistory →COM0.81%$949M4.13M
25TDTORONTO DOMINION BK ONThistory →COM NEW0.78%$918M12.47M
26RYROYAL BK CDAhistory →COM0.77%$906M6.87M
27NFLXNETFLIX INChistory →COM0.77%$903M674.2K
28LLYELI LILLY & COhistory →COM0.77%$898M1.15M
29BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.75%$878M1.81M
30EQIXEQUINIX INChistory →COM0.75%$877M1.10M
31BACBANK AMERICA CORPhistory →COM0.61%$710M15.01M
32IQVIQVIA HLDGS INChistory →COM0.56%$657M4.17M
33ISHARES TRRUSSELL 2000 ETF0.56%$650M3.01M
34EXMOCEXXON MOBIL CORPhistory →COM0.55%$638M5.92M
35SHOPSHOPIFY INChistory →CL A SUB VTG SHS0.52%$609M5.28M
36ENBENBRIDGE INChistory →COM0.51%$600M13.21M
37ISRGINTUITIVE SURGICAL INChistory →COM NEW0.51%$592M1.09M
38DDOMINION ENERGY INChistory →COM0.50%$590M10.44M
39CRMSALESFORCE INChistory →COM0.48%$560M2.05M
40HDHOME DEPOT INChistory →COM0.47%$554M1.51M
41RENEW ENERGY GLOBAL PLCCL A SHS0.45%$529M76.50M
42BSXBOSTON SCIENTIFIC CORPhistory →COM0.43%$507M4.72M
43COFCAPITAL ONE FINL CORPhistory →COM0.42%$495M2.33M
44CMCANADIAN IMPERIAL BK COMMhistory →COM0.42%$486M6.85M
45COSTCOSTCO WHSL CORP NEWhistory →COM0.42%$486M490.9K
46CRCCALIFORNIA RES CORPhistory →COM STOCK0.41%$480M10.51M
47UNHUNITEDHEALTH GROUP INChistory →COM0.40%$472M1.51M
48PGPROCTER AND GAMBLE COhistory →COM0.40%$467M2.93M
49ABBVABBVIE INChistory →COM0.40%$467M2.51M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$155.0B1,680May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$149.5B1,971Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$142.4B1,346Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$116.9B1,345Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$103.0B1,297May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$105.0B1,398Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$105.6B1,319Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$101.8B1,361Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$95.2B1,167May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$79.2B1,085Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$68.4B992Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$65.9B993Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$63.2B1,052May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$56.4B1,160Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$58.9B1,193Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$60.2B1,270Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$74.5B1,323May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$94.1B1,452Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$83.6B1,170Nov 16, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$83.8B1,170Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$77.1B1,295May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$66.9B1,394Feb 17, 202113F-HRchanges · EDGAR ↗
Q3 2020$53.1B1,140Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$46.8B1,385Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$38.0B1,302May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$50.9B1,440Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$48.6B1,218Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$49.5B1,268Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$51.9B1,561May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$44.9B1,300Feb 6, 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 ↗.