SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Beutel, Goodman & Co Ltd.

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

Reported Value
$10.7B
Q1 2020
Positions
64
Filings on Record
35
2019–present window
Filed
May 14, 2020
original filing

Summary

Beutel, Goodman & Co Ltd. reported $10.7B in U.S.-listed holdings across 64 positions for Q1 2020.

Its largest position, RY, represents 9.3% of the portfolio.

Compared with Q4 2019, the fund opened 2 new positions and exited 8.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+53.7%
share of reported value
Largest Position
+9.3%
Royal Bank Cda
New / Exited
2 / 8
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: 94.1%Other: 5.9%ETP: 0.0%ADR: 0.0%
  • Common Stock · 94.1% · $10.1B
  • Other · 5.9% · $632M
  • ETP · 0.0% · $2M
  • ADR · 0.0% · $51,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IRIngersoll-Rand PLCNEW+4.96M4.96M+$123M$123M
TTTrane TechnologiesNEW+442.0K442.0K+$37M$37M
Gardner Denver HldgsSOLD OUT−4.82M0−$177M$0
Ingersoll-Rand PLCSOLD OUT−728.4K0−$97M$0
GlaxoSmithKline PLCSOLD OUT−355.4K0−$17M$0
VODVodafone Grp PLCSOLD OUT−746.7K0−$14M$0
Aurora CannabisADDED+75.0K150.0K+$1M$2M
UNHUnitedHealth GroupSOLD OUT−1250−$36,000$0

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

Holdings — Q1 2020

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYRoyal Bank Cdahistory →Common9.27%$994M16.15M
2TDToronto Dominion Bkhistory →Common9.08%$973M22.96M
3RCIRogers Communicationshistory →Class B Non VTG8.14%$872M21.01M
4BNSBank of Nova Scotiahistory →Common4.61%$494M12.18M
5CNICdn Natl Railwayhistory →Common4.45%$477M6.14M
6SLFSun Life Fncl Inchistory →Common4.29%$459M14.32M
7NTRNutrien Ltdhistory →Common4.08%$438M12.89M
8MGAMagna Intl Inchistory →Common3.83%$411M12.87M
9BMOBank of Montrealhistory →Common3.01%$322M6.41M
10Brookfield Asset MgtClass A Ltd Vtg2.93%$314M10.64M
11TUTelus Corphistory →Common2.49%$267M16.89M
12OTEXOpen Text Corphistory →Common2.29%$246M7.04M
13VZVerizon Communicatiohistory →Common1.90%$204M3.79M
14SUSuncor Energy Inchistory →Common1.86%$199M12.60M
15ORCLOracle Corphistory →Common1.84%$197M3.71M
16AMGNAmgen Inchistory →Common1.83%$197M969.5K
17Cdn Pacific RailwayCommon1.77%$190M863.9K
18FNVFranco Nevada Corphistory →Common1.73%$185M1.86M
19CORAmerisource-Bergenhistory →Common1.67%$179M2.03M
20CCJCameco Corphistory →Common1.65%$177M23.16M
21KELKellogg Cohistory →Common1.54%$165M2.74M
22MFCManulife Fincl Corphistory →Common1.43%$153M12.19M
23OMCOmnicom Group Inchistory →Common1.42%$152M2.77M
24DOXAmdocs Ltdhistory →Ordinary1.36%$145M2.65M
25CNQCdn Natural Reshistory →Common1.35%$145M10.68M
26PHParker Hannifin Corphistory →Common1.19%$128M985.2K
27CMCSAComcast Corphistory →Common1.19%$127M3.71M
28AMPAmeriprise Financialhistory →Common1.18%$126M1.23M
29Thomson Reuters CorpCommon1.18%$126M1.86M
30KMBKimberly Clark Corphistory →Common1.17%$125M979.1K
31CMICummins Inchistory →Common1.15%$123M910.6K
32IRIngersoll-Rand PLChistory →Class A1.15%$123M4.96M
33BlackRock IncCommon1.15%$123M279.3K
34TECKTeck Resources Ltdhistory →Class B Sub VTG1.10%$118M15.59M
35GENNortonLifeLockhistory →Common1.07%$115M6.14M
36CPBCampbell Soup Cohistory →Common0.99%$106M2.31M
37AXPAmerican Express Cohistory →Common0.92%$98M1.15M
38CMCanadian Imperial Bkhistory →Common0.89%$95M1.65M
39KLACKLA Corporationhistory →Common USD0.0010.81%$87M606.4K
40HOGHarley Davidson Inchistory →Common0.80%$86M4.55M
41AZOAutoZone Inchistory →Common0.54%$58M68.6K
42AGIAlamos Gold Inhistory →Class A0.53%$56M11.29M
43CIGIColliers Intlhistory →Sub Vtg0.49%$52M1.09M
44MRKMerck & Co Inchistory →Common0.48%$52M671.8K
45LYBLyondellBasell Industrieshistory →Shares A0.45%$48M968.4K
46JPMJPMorgan Chase & Cohistory →Common0.44%$47M520.2K
47FLSFlowserve Corphistory →Common0.38%$40M1.69M
48TTTrane Technologieshistory →Common0.34%$37M442.0K
49FSVFirstServicehistory →Common0.23%$25M324.8K
50WFCWells Fargo & Cohistory →Common0.23%$25M869.0K
51DNNDenison Mines CorpCommon0.05%$6M22.82M
52CRH Medical CorpCommon0.05%$6M4.26M
53EFAIshaes MSCI EAFE ETFETF0.02%$2M42.0K
54Aurora CannabisCommon0.02%$2M150.0K
55TAPMolson Coors BrewingClass B0.01%$1M28.8K
56BRK/ABerkshire HathawayClass A0.00%$272,0001
57ETNEaton CorporationCommon0.00%$196,0002.5K
58TRPTC EnergyCommon0.00%$99,0002.3K
59FTSFortis IncCommon0.00%$77,0002.0K
60SNNSmith & NephewADR (2 ORD)0.00%$51,0001.4K
61GOOGAlphabetClass C0.00%$30,00026
62CVECenovus EnergyCommon0.00%$19,0009.6K
63PEPPepsiCoCommon0.00%$18,000150
64BCEBCE IncCommon0.00%$8,000202

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 ↗.