SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Beutel, Goodman & Co Ltd.

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

Reported Value
$16.1B
Q2 2022
Positions
69
Filings on Record
35
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Beutel, Goodman & Co Ltd. reported $16.1B in U.S.-listed holdings across 69 positions for Q2 2022.

Its largest position, RY, represents 6.6% of the portfolio.

Compared with Q1 2022, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+38.2%
share of reported value
Largest Position
+6.6%
Royal Bank Cda
New / Exited
2 / 2
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% · $15.1B
  • Other · 5.9% · $948M
  • ETP · 0.0% · $3M
  • ADR · 0.0% · $364,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GIBCGI GroupNEW+2.62M2.62M+$208M$208M
MASMascoNEW+212.1K212.1K+$11M$11M
CMCanadian Imperial BkADDED+12.8K13.5K+$563,000$656,000
NTAPNetAppADDED+1.79M2.56M+$104M$167M
SGITempur Sealy InternationalADDED+3.20M4.61M+$59M$98M
BlackRockADDED+178.7K297.0K+$90M$181M
IRIngersoll-Rand PLCSOLD OUT−700.7K0−$35M$0
TECKTeck Resources LtdSOLD OUT−4.8K0−$193,000$0

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

Holdings — Q2 2022

68 positions (from 69 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYRoyal Bank Cdahistory →Common6.59%$1.1B10.96M
2TDToronto Dominion Bkhistory →Common5.20%$837M12.79M
3RCIRogers Communicationshistory →Class B Non VTG4.14%$666M13.93M
4TRPTC Energyhistory →Common4.03%$649M12.55M
5Brookfield Asset MgtClass A Ltd Vtg3.65%$588M13.24M
6CNICdn Natl Railwayhistory →Common3.38%$545M4.85M
7SLFSun Life Fncl Inchistory →Common3.06%$492M10.76M
8QSRRestaurant Brands Internationalhistory →Common2.76%$444M8.87M
9MFCManulife Fincl Corphistory →Common2.73%$439M25.38M
10MGAMagna Intl Inchistory →Common2.70%$435M7.93M
11AMGNAmgen Inchistory →Common2.52%$406M1.67M
12Ritchie Bros. AuctioneersCommon2.41%$388M5.97M
13FTSFortis Inchistory →Common2.38%$383M8.12M
14SUSuncor Energy Inchistory →Common2.36%$381M10.87M
15DOXAmdocs Ltdhistory →Ordinary2.31%$371M4.46M
16MRKMerck& Co Inchistory →Common2.21%$356M3.90M
17OTEXOpen Text Corphistory →Common2.20%$354M9.36M
18KELKellogg Cohistory →Common2.04%$329M4.61M
19Cdn Pacific RailwayCommon2.02%$325M4.66M
20KMBKimberly Clark Corphistory →Common1.96%$315M2.33M
21BMOBank of Montrealhistory →Common1.93%$311M3.24M
22CAECAE Inchistory →Common1.90%$306M12.44M
23CPBCampbell Soup Cohistory →Common1.88%$302M6.29M
24NTRNutrienhistory →Common1.85%$297M3.74M
25OMCOmnicom Group Inchistory →Common1.81%$292M4.58M
26GENNortonLifeLockhistory →Common1.60%$257M11.70M
27WABWestinghouse Air Brake Technologieshistory →Common1.49%$240M2.92M
28HOGHarley Davidson Inchistory →Common1.46%$235M7.41M
29AMPAmeriprise Financialhistory →Common1.41%$226M951.6K
30PIIPolaris Industrieshistory →Common1.33%$214M2.15M
31DOOBRP Inchistory →Com Sun Vtg1.32%$212M3.45M
32SEICSEI Investmentshistory →Common1.31%$211M3.90M
33GIBCGI Grouphistory →Cl A Sub Vtg1.29%$208M2.62M
34BIIBBiogenhistory →Common1.22%$197M966.2K
35AXPAmerican Express Cohistory →Common1.22%$196M1.41M
36EBAYEbay Inchistory →Common1.20%$194M4.65M
37FLSFlowserve Corphistory →Common1.15%$186M6.49M
38BlackRockCommon1.12%$181M297.0K
39VZVerizon Communicatiohistory →Common1.12%$181M3.56M
40NTAPNetApphistory →Common1.04%$167M2.56M
41IPGInterpublic Group of Companieshistory →Common0.99%$159M5.79M
42CMCSAComcast Corphistory →Common0.97%$157M3.99M
43CMICummins Inchistory →Common0.96%$155M801.3K
44MLKNMillerknollhistory →Common0.92%$148M5.62M
45GNTXGentexhistory →Common0.90%$145M5.20M
46CORAmerisource-Bergenhistory →Common0.87%$140M986.9K
47TUTelus Corphistory →Common0.85%$136M6.12M
48FNVFranco Nevada Corphistory →Common0.68%$110M836.5K
49BNSBank of Nova Scotiahistory →Common0.64%$103M1.75M
50SGITempur Sealy Internationalhistory →Common0.61%$98M4.61M
51PHParker Hannifin Corphistory →Common0.56%$90M366.3K
52AZOAutoZone Inchistory →Common0.45%$72M33.4K
53AGIAlamos Gold Inhistory →Class A0.37%$59M8.41M
54PPGPPG Industrieshistory →Common0.28%$45M393.8K
55CIGIColliers Intlhistory →Sub Vtg0.26%$42M386.2K
56Brookfield Business PartnersUnit LTD LP · Cl A Exc Sub Vtg0.21%$34M1.58M
57DNNDenison Mines Corphistory →Common0.07%$12M11.71M
58MASMascohistory →Common0.07%$11M212.1K
59EFAiShares MSCI EAFE ETFETF0.02%$3M44.2K
60CMCanadian Imperial BkCommon0.00%$656,00013.5K
61GlaxoSmithKlineSponsored ADR0.00%$556,00012.8K
62BRK/ABerkshire HathawayClass A0.00%$408,0001
63SNNSmith & NephewADR (2 ORD)0.00%$364,00013.1K
64Unilever plcSpon ADR New0.00%$276,0006.0K
65MSFTMicrosoftCommon0.00%$67,000261
66GOOGAlphabetClass C0.00%$56,00026
67PEPPepsiCoCommon0.00%$8,00050
68CNQCdn Natural ResCommon0.00%$02

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 ↗.