SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Beutel, Goodman & Co Ltd.

CIK 0001361974 · 20 EGLINTON AVENUE WEST, SUITE 2000, TORONTO, A6, M4R 1K8 · 416-485-1010

Reported Value
$13.8B
Q2 2019
Positions
61
Filings on Record
35
2019–present window
Filed
Aug 15, 2019
amendment (RESTATEMENT)

Summary

Beutel, Goodman & Co Ltd. reported $13.8B in U.S.-listed holdings across 61 positions for Q2 2019.

Its largest position, RY, represents 9.9% of the portfolio.

Compared with Q1 2019, the fund opened 2 new positions and exited 23.

Portfolio Metrics

Turnover
+1.0%
vs prior filed quarter
Top-10 Concentration
+57.9%
share of reported value
Largest Position
+9.9%
Royal Bank Cda
New / Exited
2 / 23
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q1 ’19: $26.5BQ1 ’19Q2 ’19: $13.8BQ3 ’19: $14.3BQ4 ’19: $17.4BQ1 ’20: $10.7BQ1 ’20Q2 ’20: $12.2BQ3 ’20: $12.4BQ4 ’20: $14.8BQ1 ’21: $15.9BQ1 ’21Q2 ’21: $16.8BQ3 ’21: $16.3BQ4 ’21: $17.5BQ1 ’22: $17.7BQ1 ’22Q2 ’22: $16.1BQ3 ’22: $14.8BQ4 ’22: $16.5BQ1 ’23: $17.0BQ1 ’23Q2 ’23: $17.8BQ3 ’23: $16.9BQ4 ’23: $18.9BQ1 ’24: $19.4BQ1 ’24Q2 ’24: $18.8BQ3 ’24: $20.3BQ4 ’24: $18.4BQ1 ’25: $17.4BQ1 ’25Q2 ’25: $17.6BQ3 ’25: $16.6BQ4 ’25: $16.3BQ1 ’26: $14.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.4%Other: 6.6%
  • Common Stock · 93.4% · $12.9B
  • Other · 6.6% · $915M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GARDNER DENVER HLDGSNEW+3.01M3.01M+$79M$79M
TRPTC ENERGYNEW+6.2K6.2K+$308,000$308,000
SUSUNCOR ENERGY INCADDED+3.94M4.27M+$123M$133M
LLYLILLY ELI & COSOLD OUT−529.7K0−$51M$0
QSRRESTAURANT BRANDSSOLD OUT−15.7K0−$1M$0
TRANSCANADA CORPSOLD OUT−12.4K0−$558,000$0
TECKTECK RESOURCES LTDSOLD OUT−21.8K0−$504,000$0
ENBENBRIDGE INCSOLD OUT−13.5K0−$488,000$0

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

Holdings — Q2 2019

61 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYROYAL BANK CDAhistory →COMMON9.91%$1.4B17.21M
2TDTORONTO DOMINION BKhistory →COMMON9.63%$1.3B22.76M
3RCIROGERS COMMUNICATIONhistory →CLASS B NON VTG7.85%$1.1B20.24M
4NTRNUTRIEN LTDhistory →COMMON5.21%$719M13.44M
5BNSBANK OF NOVA SCOTIAhistory →COMMON4.75%$655M12.20M
6CNQCDN NATURAL REShistory →COMMON4.61%$637M23.62M
7MGAMAGNA INTL INChistory →COMMON4.54%$627M12.60M
8SLFSUN LIFE FNCL INChistory →COMMON4.33%$597M14.43M
9BROOKFIELD ASSET MGTCLASS A LTD VTG3.63%$501M10.47M
10BMOBANK OF MONTREALhistory →COMMON3.50%$482M6.39M
11CNICDN NATL RAILWAYhistory →COMMON3.01%$416M4.50M
12OTEXOPEN TEXT CORPhistory →COMMON2.97%$409M9.92M
13TUTELUS CORPhistory →COMMON2.13%$295M7.97M
14FNVFRANCO NEVADA CORPhistory →COMMON1.83%$252M2.97M
15CCJCAMECO CORPhistory →COMMON1.76%$243M22.64M
16VZVERIZON COMMUNICATIOhistory →COMMON1.56%$215M4.94M
17MFCMANULIFE FINCL CORPhistory →COMMON1.52%$210M11.54M
18OMCOMNICOM GROUP INChistory →COMMON1.43%$198M3.16M
19CDN PACIFIC RAILWAYCOMMON1.40%$193M818.5K
20CVECENOVUS ENERGYhistory →COMMON1.33%$184M20.88M
21PHPARKER HANNIFIN CORPhistory →COMMON1.19%$164M1.26M
22KELKELLOGG COhistory →COMMON1.17%$161M3.94M
23AMGNAMGEN INChistory →COMMON1.12%$155M1.10M
24CORAMERISOURCE-BERGENhistory →COMMON1.11%$153M2.36M
25DOXAMDOCS LTDhistory →ORDINARY1.04%$143M3.02M
26CMCSACOMCAST CORPhistory →CLASS A1.01%$139M4.32M
27AXPAMERICAN EXPRESS COhistory →COMMON1.00%$138M1.46M
28KMBKIMBERLY CLARK CORPhistory →COMMON0.97%$134M1.32M
29SUSUNCOR ENERGY INChistory →COMMON0.96%$133M4.27M
30KLACKLA-TENCOR CORPhistory →COMMON0.94%$129M1.43M
31AMPAMERIPRISE FINANCIALhistory →COMMON0.92%$126M1.14M
32CMCANADIAN IMPERIAL BKhistory →COMMON0.89%$123M1.57M
33HOGHARLEY DAVIDSON INChistory →COMMON0.86%$118M4.31M
34THOMSON REUTERS CORPCOMMON0.83%$115M1.79M
35SYMANTEC CORPCOMMON0.82%$113M6.80M
36CMICUMMINS INChistory →COMMON0.77%$107M815.4K
37ORCLORACLE CORPhistory →COMMON0.68%$93M2.15M
38CPBCAMPBELL SOUP COhistory →COMMON0.66%$91M2.96M
39CIGICOLLIERS INTLhistory →SUB VTG0.60%$83M1.15M
40BLACKROCK INCCOMMON0.59%$82M228.6K
41GARDNER DENVER HLDGSCOMMON0.58%$79M3.01M
42HALHALLIBURTONhistory →COMMON0.56%$78M4.49M
43INGERSOLL-RAND PLCCLASS A0.53%$73M753.7K
44FLSFLOWSERVE CORPhistory →COMMON0.52%$72M1.80M
45LYBLYONDELLBASELL INDUShistory →SHARES A0.50%$69M1.06M
46AZOAUTOZONE INChistory →COMMON0.45%$62M74.2K
47AGIALAMOS GOLD INhistory →CLASS A0.42%$58M9.57M
48JPMJPMORGAN CHASE & COhistory →COMMON0.40%$55M646.4K
49MRKMERCK & CO INChistory →COMMON0.26%$35M553.8K
50WFCWELLS FARGO & COhistory →COMMON0.24%$33M925.6K
51FIRSTSERVICE CORPCOMMON0.24%$33M344.3K
52CRH MEDICAL CORPCOMMON0.10%$14M4.59M
53DNNDENISON MINES CORPhistory →COMMON0.09%$13M24.23M
54TAPMOLSON COORS BREWINGCLASS B0.07%$10M225.0K
55BCEBCE INCCOMMON0.02%$2M48.4K
56AURORA CANNABISCOMMON0.00%$588,00075.0K
57TRPTC ENERGYCOMMON0.00%$308,0006.2K
58ETNEATON CORPORATIONCOMMON0.00%$218,0003.4K
59FTSFORTIS INCCOMMON0.00%$79,0002.0K
60IMOIMPERIAL OIL LTDCOMMON0.00%$27,000965
61GOOGALPHABET INCCLASS C0.00%$25,00030

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$14.8B170May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$16.3B174Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$16.6B177Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$17.6B176Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$17.4B205May 14, 2025RESTATEMENTchanges · EDGAR ↗
Q4 2024$18.4B86Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$20.3B89Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$18.8B77Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$19.4B75May 14, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2023$18.9B76Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$16.9B75Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$17.8B75Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$17.0B74May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$16.5B76Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$14.8B73Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$16.1B69Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$17.7B69May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$17.5B67Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$16.3B66Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$16.8B65Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$15.9B64May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$14.8B67Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$12.4B68Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$12.2B67Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$10.7B64May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$17.4B70Feb 24, 2020RESTATEMENTchanges · EDGAR ↗
Q3 2019$14.3B64Dec 23, 2019RESTATEMENTchanges · EDGAR ↗
Q2 2019$13.8B61Aug 15, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019REVEALED$26.5B163Apr 26, 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 ↗.