SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Beutel, Goodman & Co Ltd.

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

Reported Value
$14.3B
Q3 2019
Positions
64
Filings on Record
35
2019–present window
Filed
Dec 23, 2019
amendment (RESTATEMENT)

Summary

Beutel, Goodman & Co Ltd. reported $14.3B in U.S.-listed holdings across 64 positions for Q3 2019.

Its largest position, RY, represents 10.2% of the portfolio.

Compared with Q2 2019, the fund opened 6 new positions and exited 3.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+58.1%
share of reported value
Largest Position
+10.2%
Royal Bank Cda
New / Exited
6 / 3
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: 92.9%Other: 6.8%ADR: 0.2%ETP: 0.0%
  • Common Stock · 92.9% · $13.3B
  • Other · 6.8% · $982M
  • ADR · 0.2% · $30M
  • ETP · 0.0% · $28,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TECKTECK RESOURCES LTDNEW+9.85M9.85M+$160M$160M
SNNSMITH & NEPHEWNEW+360.4K360.4K+$17M$17M
GLAXOSMITHKLINE PLCNEW+430.7K430.7K+$14M$14M
VODVODAFONE GRP PLCNEW+771.4K771.4K+$12M$12M
UNILEVER PLCNEW+80.7K80.7K+$5M$5M
EFAISHAES MSCI EAFE ETFNEW+41.5K41.5K+$28,000$28,000
SUSUNCOR ENERGY INCADDED+8.77M13.04M+$278M$411M
HALHALLIBURTONSOLD OUT−4.49M0−$78M$0

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

Holdings — Q3 2019

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYROYAL BANK CDAhistory →COMMON10.18%$1.5B18.00M
2TDTORONTO DOMINION BKhistory →COMMON9.65%$1.4B23.75M
3RCIROGERS COMMUNICATIONhistory →CLASS B NON VTG7.24%$1.0B21.32M
4BNSBANK OF NOVA SCOTIAhistory →COMMON5.02%$720M12.68M
5MGAMAGNA INTL INChistory →COMMON4.88%$701M13.14M
6SLFSUN LIFE FNCL INChistory →COMMON4.63%$665M14.86M
7NTRNUTRIEN LTDhistory →COMMON4.58%$657M13.19M
8CNQCDN NATURAL REShistory →COMMON4.55%$654M24.56M
9BROOKFIELD ASSET MGTCLASS A LTD VTG4.00%$574M10.81M
10BMOBANK OF MONTREALhistory →COMMON3.39%$487M6.61M
11CNICDN NATL RAILWAYhistory →COMMON2.99%$429M4.77M
12SUSUNCOR ENERGY INChistory →COMMON2.87%$411M13.04M
13TUTELUS CORPhistory →COMMON2.12%$304M8.53M
14OTEXOPEN TEXT CORPhistory →COMMON2.02%$290M7.11M
15MFCMANULIFE FINCL CORPhistory →COMMON1.57%$226M12.32M
16CCJCAMECO CORPhistory →COMMON1.53%$220M23.17M
17CVECENOVUS ENERGYhistory →COMMON1.46%$209M22.32M
18VZVERIZON COMMUNICATIOhistory →COMMON1.39%$200M4.38M
19FNVFRANCO NEVADA CORPhistory →COMMON1.35%$194M2.13M
20CDN PACIFIC RAILWAYCOMMON1.35%$193M869.7K
21KELKELLOGG COhistory →COMMON1.17%$168M3.47M
22OMCOMNICOM GROUP INChistory →COMMON1.17%$167M2.83M
23TECKTECK RESOURCES LTDhistory →CLASS B SUB VTG1.11%$160M9.85M
24PHPARKER HANNIFIN CORPhistory →COMMON1.11%$160M1.17M
25KLACKLA CORPORATIONhistory →COMMON USD0.0011.09%$156M1.30M
26AMGNAMGEN INChistory →COMMON1.08%$154M1.06M
27DOXAMDOCS LTDhistory →ORDINARY1.01%$145M2.91M
28CMCSACOMCAST CORPhistory →CLASS A0.98%$141M4.15M
29CORAMERISOURCE-BERGENhistory →COMMON0.98%$141M2.27M
30CMCANADIAN IMPERIAL BKhistory →COMMON0.96%$138M1.67M
31KMBKIMBERLY CLARK CORPhistory →COMMON0.95%$136M1.27M
32AMPAMERIPRISE FINANCIALhistory →COMMON0.94%$134M1.21M
33SYMANTEC CORPCOMMON0.89%$128M7.18M
34THOMSON REUTERS CORPCOMMON0.89%$128M1.91M
35HOGHARLEY DAVIDSON INChistory →COMMON0.78%$113M4.15M
36CMICUMMINS INChistory →COMMON0.75%$108M878.3K
37CPBCAMPBELL SOUP COhistory →COMMON0.70%$101M2.85M
38ORCLORACLE CORPhistory →COMMON0.67%$96M2.31M
39GARDNER DENVER HLDGSCOMMON0.63%$90M4.22M
40CIGICOLLIERS INTLhistory →SUB VTG0.60%$86M1.14M
41AXPAMERICAN EXPRESS COhistory →COMMON0.58%$84M936.0K
42BLACKROCK INCCOMMON0.58%$83M246.6K
43LYBLYONDELLBASELL INDUShistory →SHARES A0.48%$68M1.01M
44INGERSOLL-RAND PLCCLASS A0.47%$68M726.5K
45FLSFLOWSERVE CORPhistory →COMMON0.42%$61M1.73M
46AZOAUTOZONE INChistory →COMMON0.40%$58M70.3K
47JPMJPMORGAN CHASE & COhistory →COMMON0.38%$55M621.2K
48AGIALAMOS GOLD INhistory →CLASS A0.38%$55M9.48M
49WFCWELLS FARGO & COhistory →COMMON0.24%$34M889.8K
50MRKMERCK & CO INChistory →COMMON0.24%$34M532.7K
51SNNSMITH & NEPHEWhistory →ADR (2 ORD)0.12%$17M360.4K
52GLAXOSMITHKLINE PLCSP ADR (2 ORD)0.10%$14M430.7K
53CRH MEDICAL CORPCOMMON0.10%$14M4.53M
54VODVODAFONE GRP PLChistory →ADR (10 ORD)0.09%$12M771.4K
55DNNDENISON MINES CORPhistory →COMMON0.08%$12M23.98M
56TAPMOLSON COORS BREWINGCLASS B0.05%$7M150.3K
57UNILEVER PLCADR (4 ORD)0.03%$5M80.7K
58BCEBCE INCCOMMON0.01%$2M42.1K
59AURORA CANNABISCOMMON0.00%$330,00075.0K
60ETNEATON CORPORATIONCOMMON0.00%$215,0003.4K
61FTSFORTIS INCCOMMON0.00%$85,0002.0K
62TRPTC ENERGYCOMMON0.00%$78,0001.5K
63GOOGALPHABET INCCLASS C0.00%$28,00030
64EFAISHAES MSCI EAFE ETFETF0.00%$28,00041.5K

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 ↗.