SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Beutel, Goodman & Co Ltd.

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

Reported Value
$15.9B
Q1 2021
Positions
64
Filings on Record
35
2019–present window
Filed
May 14, 2021
original filing

Summary

Beutel, Goodman & Co Ltd. reported $15.9B in U.S.-listed holdings across 64 positions for Q1 2021.

Its largest position, TD, represents 8.7% of the portfolio.

Compared with Q4 2020, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+9.6%
vs prior filed quarter
Top-10 Concentration
+43.8%
share of reported value
Largest Position
+8.7%
Toronto Dominion Bk
New / Exited
2 / 5
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: 92.8%Other: 7.2%ETP: 0.0%ADR: 0.0%
  • Common Stock · 92.8% · $14.8B
  • Other · 7.2% · $1.1B
  • ETP · 0.0% · $3M
  • ADR · 0.0% · $239,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Brookfield Business PartnersNEW+1.24M1.24M+$50M$50M
BIIBBiogenNEW+172.5K172.5K+$48M$48M
TRPTC EnergyADDED+14.22M14.22M+$652M$652M
FTSFortis IncADDED+1.26M1.26M+$55M$55M
GlaxoSmithKlineADDED+8.9K10.1K+$317,000$361,000
SNNSmith & NephewADDED+5.2K6.3K+$192,000$239,000
KMBKimberly Clark CorpADDED+910.6K1.70M+$130M$236M
BlackRock IncSOLD OUT−1.3K0−$917,000$0

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

Holdings — Q1 2021

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDToronto Dominion Bkhistory →Common8.74%$1.4B21.35M
2RYRoyal Bank Cdahistory →Common7.91%$1.3B13.67M
3RCIRogers Communicationshistory →Class B Non VTG4.59%$731M15.86M
4TRPTC Energyhistory →Common4.09%$652M14.22M
5SLFSun Life Fncl Inchistory →Common3.89%$620M12.27M
6Brookfield Asset MgtClass A Ltd Vtg3.81%$608M13.67M
7MGAMagna Intl Inchistory →Common2.96%$472M5.36M
8MFCManulife Fincl Corphistory →Common2.76%$440M20.47M
9QSRRestaurant Brands Internationalhistory →Common2.58%$411M6.33M
10CNICdn Natl Railwayhistory →Common2.47%$394M3.39M
11OTEXOpen Text Corphistory →Common2.39%$381M8.00M
12NTRNutrien Ltdhistory →Common2.20%$351M6.51M
13OMCOmnicom Group Inchistory →Common2.10%$334M4.50M
14BMOBank of Montrealhistory →Common2.07%$329M3.70M
15ORCLOracle Corphistory →Common2.06%$328M4.67M
16AMGNAmgen Inchistory →Common1.89%$301M1.21M
17KELKellogg Cohistory →Common1.87%$298M4.71M
18AXPAmerican Express Cohistory →Common1.87%$297M2.10M
19IRIngersoll-Rand PLChistory →Class A1.78%$283M5.75M
20CORAmerisource-Bergenhistory →Common1.72%$274M2.32M
21VZVerizon Communicatiohistory →Common1.69%$270M4.64M
22EBAYEbay Inchistory →Common1.64%$261M4.26M
23WABWestinghouse Air Brake Technologieshistory →Common1.63%$260M3.28M
24MRKMerck & Co Inchistory →Common1.62%$259M3.36M
25HOGHarley Davidson Inchistory →Common1.62%$259M6.45M
26TUTelus Corphistory →Common1.62%$258M12.97M
27CAECAE Inchistory →Common1.61%$256M8.98M
28Cdn Pacific RailwayCommon1.58%$252M660.2K
29CNQCdn Natural Reshistory →Common1.53%$243M7.87M
30AMPAmeriprise Financialhistory →Common1.50%$239M1.03M
31KMBKimberly Clark Corphistory →Common1.48%$236M1.70M
32CPBCampbell Soup Cohistory →Common1.47%$234M4.66M
33GENNortonLifeLockhistory →Common1.42%$226M10.64M
34SUSuncor Energy Inchistory →Common1.42%$226M10.80M
35FLSFlowserve Corphistory →Common1.37%$218M5.63M
36DOXAmdocs Ltdhistory →Ordinary1.25%$199M2.84M
37FNVFranco Nevada Corphistory →Common1.13%$180M1.44M
38CMCSAComcast Corphistory →Common1.10%$175M3.23M
39CMICummins Inchistory →Common0.88%$139M538.2K
40Thomson Reuters CorpCommon0.88%$139M1.59M
41CCJCameco Corphistory →Common0.84%$134M8.10M
42BNSBank of Nova Scotiahistory →Common0.79%$125M2.00M
43SEICSEI Investmentshistory →Common0.79%$125M2.06M
44TECKTeck Resources Ltdhistory →Class B Sub VTG0.78%$125M6.52M
45PPGPPG Industrieshistory →Common0.60%$95M632.4K
46TE ConnectivityReg Shs0.57%$91M701.5K
47AZOAutoZone Inchistory →Common0.53%$85M60.6K
48JPMJPMorgan Chase & Cohistory →Common0.45%$71M468.9K
49CIGIColliers Intlhistory →Sub Vtg0.40%$64M654.3K
50AGIAlamos Gold Inhistory →Class A0.39%$63M8.01M
51FTSFortis Inchistory →Common0.34%$55M1.26M
52Brookfield Business PartnersUnit LTD LP0.31%$50M1.24M
53BIIBBiogenhistory →Common0.30%$48M172.5K
54PHParker Hannifin Corphistory →Common0.28%$44M139.9K
55FSVFirstServicehistory →Common0.18%$29M195.2K
56DNNDenison Mines Corphistory →Common0.12%$20M18.25M
57CRH Medical CorpCommon0.10%$16M3.96M
58EFAiShares MSCI EAFE ETFETF0.02%$3M42.4K
59BRK/ABerkshire HathawayClass A0.00%$385,0001
60GlaxoSmithKlineSponsored ADR0.00%$361,00010.1K
61SNNSmith & NephewADR (2 ORD)0.00%$239,0006.3K
62CMCanadian Imperial BkCommon0.00%$75,000770
63GOOGAlphabetClass C0.00%$53,00026
64PEPPepsiCoCommon0.00%$10,00075

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 ↗.