SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Beutel, Goodman & Co Ltd.

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

Reported Value
$20.3B
Q3 2024
Positions
89
Filings on Record
35
2019–present window
Filed
Nov 13, 2024
original filing

Summary

Beutel, Goodman & Co Ltd. reported $20.3B in U.S.-listed holdings across 89 positions for Q3 2024.

Its largest position, RY, represents 5.7% of the portfolio.

Compared with Q2 2024, the fund opened 13 new positions and exited 1.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+30.8%
share of reported value
Largest Position
+5.7%
Royal Bank Cda
New / Exited
13 / 1
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: 99.7%Other: 0.2%ETP: 0.1%ADR: 0.0%
  • Common Stock · 99.7% · $20.2B
  • Other · 0.2% · $33M
  • ETP · 0.1% · $29M
  • ADR · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABTAbbott LabNEW+1.5K1.5K+$171,000$171,000
PEPPepsiCo IncNEW+900900+$153,000$153,000
TJXTJX companiesNEW+1.2K1.2K+$141,000$141,000
ORCLOracle CorpNEW+600600+$102,000$102,000
PGProcter & GambleNEW+500500+$86,000$86,000
AMZNAmazonNEW+390390+$72,000$72,000
BSXBoston ScientificNEW+785785+$65,000$65,000
RELXRelx PLCNEW+1.0K1.0K+$47,000$47,000

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

Holdings — Q3 2024

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYRoyal Bank Cdahistory →ADR (2 ORD)5.75%$1.2B9.33M
2TDToronto Dominion Bkhistory →Common5.05%$1.0B16.18M
3RBARB Globalhistory →Common2.64%$536M6.65M
4BMOBank of Montrealhistory →Common2.63%$534M5.91M
5CNICdn Natl Railwayhistory →Common2.62%$532M4.54M
6RCIRogers Communicationshistory →Common2.56%$520M12.92M
7KELKellanovahistory →Common2.52%$511M6.33M
8SLFSun Life Fncl Inchistory →Common2.50%$508M8.75M
9EBAYEbay Inchistory →Common2.26%$458M7.04M
10CMCSAComcast Corphistory →Common2.25%$457M10.95M
11GENGen Digitalhistory →Common2.23%$452M16.47M
12QSRRestaurant Brands Internationalhistory →Class B Non VTG2.19%$444M6.15M
13PPGPPG Industrieshistory →Common2.17%$441M3.33M
14GIBCGI Grouphistory →Cl A Sub Vtg2.15%$437M3.79M
15DOXAmdocs Ltdhistory →Ordinary2.15%$437M4.99M
16KMBKimberly Clark Corphistory →Common2.08%$422M2.97M
17MFCManulife Fincl Corphistory →Common2.04%$413M13.97M
18FTSFortis Inchistory →Common2.02%$410M9.02M
19CPCanadian Pacific Kansas Cityhistory →Common1.99%$405M4.73M
20AXPAmerican Express Cohistory →Common1.94%$394M1.45M
21BNSBank of Nova Scotiahistory →Common1.94%$393M7.20M
22MRKMerck& Co Inchistory →Common1.93%$391M3.45M
23BlackRockCommon1.79%$364M383.6K
24SUSuncor Energy Inchistory →Common1.77%$360M9.74M
25NTAPNetApphistory →Common1.75%$355M2.87M
26AMGNAmgen Inchistory →Common1.75%$354M1.10M
27MGAMagna Intl Inchistory →Common1.74%$353M8.58M
28TRPTC Energyhistory →Common1.74%$352M7.40M
29QCOMQualcommhistory →Common1.73%$350M2.06M
30BNBrookfield Corporationhistory →Cl A Ltd Vt Sh1.71%$347M6.52M
31BIIBBiogenhistory →Common1.67%$338M1.74M
32CPBCampbell Soup Cohistory →Common1.66%$337M6.89M
33OMCOmnicom Group Inchistory →Common1.62%$328M3.18M
34NTRNutrienhistory →Common1.50%$304M6.32M
35CIGIColliers Intlhistory →Sub Vtg1.50%$304M2.00M
36HOGHarley Davidson Inchistory →Common1.44%$292M7.59M
37IPGInterpublic Group of Companieshistory →Common1.37%$279M8.81M
38GFLGFL Environmentalhistory →Sub Vtg Shs1.37%$278M6.97M
39OTEXOpen Text Corphistory →Common1.37%$278M8.35M
40SEICSEI Investmentshistory →Common1.37%$278M4.01M
41CAECAE Inchistory →Common1.24%$251M13.37M
42FNVFranco Nevada Corphistory →Common1.16%$235M1.89M
43MASMascohistory →Common1.15%$234M2.78M
44FLSFlowserve Corphistory →Common1.13%$230M4.44M
45AMPAmeriprise Financialhistory →Common1.12%$227M482.4K
46PIIPolaris Industrieshistory →Common1.11%$225M2.71M
47DOOBRP Inchistory →Com Sun Vtg1.06%$216M3.62M
48BAMBrookfield Asset Mgthistory →Class A Ltd Vtg1.03%$209M4.42M
49CMICummins Inchistory →Common1.00%$202M625.2K
50WABWestinghouse Air Brake Technologieshistory →Common0.97%$197M1.08M
51CGCarlyle Grouphistory →Common0.91%$185M4.29M
52SGITempur Sealy Internationalhistory →Common0.89%$181M3.31M
53GNTXGentexhistory →Common0.89%$180M6.06M
54CORCencorahistory →Common0.52%$106M470.3K
55AGIAlamos Gold Inhistory →Class A0.39%$79M3.97M
56Primo WaterCommon0.19%$39M1.56M
57TFPMTriple Flag Precious Metalshistory →Common0.18%$37M2.31M
58Brookfield Business PartnersUnit LTD LP · Cl A Exc Sub Vtg0.16%$32M1.32M
59ATSATS Corphistory →Common0.16%$32M1.09M
60SPYGSPDR Portfolio S&P 500 Growthhistory →ETF0.13%$25M306.5K
61DNNDenison Mines Corphistory →Common0.07%$13M7.30M
62TIXTTelus International Cdahistory →Sub Vtg Shs0.05%$10M2.61M
63EFAiShares MSCI EAFE ETFETF0.02%$3M41.1K
64BRK/ABerkshire HathawayClass A0.00%$691,0001
65Unilever plcSpon ADR New0.00%$560,0008.6K
66GSKGSK PLCSpons ADR0.00%$543,00013.3K
67SNNSmith & NephewCommon0.00%$506,00016.3K
68MSFTMicrosoftCommon0.00%$381,000886
69NVSNovartisSponsored ADR0.00%$336,0002.9K
70PHParker Hannifin CorpCommon0.00%$224,000355
71ABTAbbott LabCommon0.00%$171,0001.5K
72PEPPepsiCo IncCommon0.00%$153,000900
73TJXTJX companiesCommon0.00%$141,0001.2K
74GOOGAlphabetClass C0.00%$127,000765
75ORCLOracle CorpCommon0.00%$102,000600
76CMCanadian Imperial BkCommon0.00%$94,0001.5K
77PGProcter & GambleCommon0.00%$86,000500
78AMZNAmazonCommon0.00%$72,000390
79BSXBoston ScientificCommon0.00%$65,000785
80RELXRelx PLCSponsored ADR0.00%$47,0001.0K
81VRSKVerisk AnalyticsCommon0.00%$46,000172
82AMEAmetekCommon0.00%$33,000195
83CPRTCopart IncCommon0.00%$31,000600
84BEPCBrookfield Renewable PartnersPartnership Unit0.00%$31,0001.1K
85CBChubb LimitedCommon0.00%$28,000100
86MBBiShares MBS ETFMBS ETF0.00%$25,000270
87BDXBecton Dickinson & CoCommon0.00%$18,00075
88BCEBCECom New0.00%$14,000409

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 ↗.