SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Nexus Investment Management ULC

CIK 0001476329 · 111 RICHMOND STREET WEST, SUITE 801, TORONTO, A6, M5H 2G4 · 416-360-7830

Reported Value
$884M
Q1 2025
Positions
75
Filings on Record
31
2019–present window
Filed
Apr 7, 2025
original filing

Summary

Nexus Investment Management Ulc reported $884M in U.S.-listed holdings across 75 positions for Q1 2025.

Its largest position, JPM, represents 7.9% of the portfolio.

Compared with Q4 2024, the fund opened 29 new positions and exited 23.

Portfolio Metrics

Turnover
+32.4%
vs prior filed quarter
Top-10 Concentration
+59.4%
share of reported value
Largest Position
+7.9%
Jpmorgan Chase
New / Exited
29 / 23
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. 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
Q4 ’18: $572MQ4 ’18Q1 ’19: $677MQ2 ’19: $722MQ3 ’19: $703MQ4 ’19: $730MQ4 ’19Q1 ’20: $567MQ2 ’20: $650MQ3 ’20: $660MQ4 ’20: $776MQ4 ’20Q1 ’21: $877MQ2 ’21: $967MQ3 ’21: $926MQ4 ’21: $983MQ4 ’21Q1 ’22: $952MQ2 ’22: $871MQ3 ’22: $803MQ4 ’22: $886MQ4 ’22Q1 ’23: $906MQ2 ’23: $919MQ3 ’23: $886MQ4 ’23: $959MQ4 ’23Q1 ’24: $1.0BQ2 ’24: $952MQ3 ’24: $1.0BQ4 ’24: $1000MQ4 ’24Q1 ’25: $884MQ2 ’25: $669MQ3 ’25: $704MQ4 ’25: $734MQ4 ’25Q1 ’26: $715Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 96.2%Other: 3.3%ETP: 0.5%Closed-End Fund: 0.0%ADR: 0.0%
  • Common Stock · 96.2% · $850M
  • Other · 3.3% · $29M
  • ETP · 0.5% · $4M
  • Closed-End Fund · 0.0% · $119,219
  • ADR · 0.0% · $35,278

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FERGFerguson Enterprises Inc.NEW+94.5K94.5K+$22M$22M
EIXEdison InternationalNEW+3.7K3.7K+$315,195$315,195
Vanguard FTSE Developed Markets ETFNEW+3.0K3.0K+$221,102$221,102
BIIBBiogen Inc.NEW+920920+$181,089$181,089
Vanguard FTSE Emerging Markets ETFNEW+2.5K2.5K+$159,959$159,959
MAMastercard Inc.NEW+195195+$153,745$153,745
COSTCostco Wholesale CorporationNEW+100100+$136,044$136,044
CLColgate - Palmolive CompanyNEW+966966+$130,199$130,199

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

Holdings — Q1 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JPMJpmorgan Chase & Co.history →COM7.93%$70M198.6K
2METAMeta Platforms Inc.history →COM7.54%$67M80.4K
3AEPAmerican Electric Power Company Inc.history →COM7.05%$62M396.5K
4CSCOCisco Systems Inc.history →COM6.61%$58M658.3K
5TRVCCitigroup Inc.history →COM5.80%$51M501.6K
6GOOGAlphabet Inc., Class CCOM5.54%$49M217.7K
7ROSTRoss Stores Inc.history →COM5.19%$46M249.5K
8CVSCVS Health Corporationhistory →COM4.80%$42M434.9K
9MSFTMicrosoft Corporationhistory →COM4.71%$42M77.0K
10KMXCarmax Inc.history →COM4.46%$39M351.4K
11GILDGilead Sciences Inc.history →COM4.41%$39M241.7K
12EOGEOG Resources Inc.history →COM4.32%$38M206.8K
13DGDollar General Corporationhistory →COM4.12%$36M287.6K
14UPSUnited Parcel Service Inc.history →COM3.80%$34M212.4K
15PFEPfizer Inc.history →COM3.58%$32M866.8K
16VVisa Inc.history →COM3.32%$29M58.2K
17Medtronic PLCCOM3.32%$29M226.8K
18TXNTexas Instruments Inc.history →COM2.97%$26M101.6K
19DWDMorgan Stanleyhistory →COM2.69%$24M141.7K
20FERGFerguson Enterprises Inc.history →COM2.46%$22M94.5K
21HONGBPHoneywell International Inc.history →COM1.04%$9M30.3K
22GLWCorning Inc.COM0.70%$6M94.0K
23KRKroger CoCOM0.56%$5M50.6K
24UNPUnion Pacific CorporationCOM0.43%$4M11.3K
25IShares Msci EAFE ETFCOM0.42%$4M31.6K
26DHRDanaher CorporationCOM0.26%$2M7.8K
27JNJJohnson & JohnsonCOM0.25%$2M9.3K
28CHVChevron CorporationCOM0.21%$2M7.6K
29ABBVAbbVie Inc.COM0.12%$1M3.5K
30BACVerizon CommunicationsCOM0.12%$1M15.6K
31EXMOCExxonmobil CorporationCOM0.11%$975,9725.7K
32LLYEli Lilly And CompanyCOM0.11%$961,106809
33TAT&T Inc.COM0.09%$781,44219.2K
34PEOExelon CorpCOM0.09%$756,62111.4K
35DFSEURDiscover Finacial ServicesCOM0.08%$747,1813.0K
36CSXCSX CorporationCOM0.08%$670,55715.8K
37OTXOpen Text CorporationCOM0.07%$650,03117.9K
38KMBKimberly-Clark CorporationCOM0.06%$528,6202.6K
39TROWT Rowe Price GroupCOM0.06%$494,2373.7K
40MRKMerck & Co Inc.COM0.05%$482,2413.7K
41FSVFirstService CorporationCOM0.05%$477,4172.0K
42ABTAbbott LaboratoriesCOM0.05%$475,1132.5K
43PGProcter & Gamble CoCOM0.05%$441,2491.8K
44BACBank Of America CorpCOM0.04%$321,1395.3K
45EIXEdison InternationalCOM0.04%$315,1953.7K
46Vanguard FTSE Developed Markets ETFCOM0.03%$221,1023.0K
47PRAAPRA Group Inc.COM0.02%$191,3106.5K
48BIIBBiogen Inc.COM0.02%$181,089920
49Vanguard FTSE Emerging Markets ETFCOM0.02%$159,9592.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$715M70Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$734M70Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$704M70Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$669M80Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$884M75Apr 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$1000M69Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.0B72Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$952M74Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.0B76Apr 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$959M74Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$886M70Oct 11, 202313F-HRchanges · EDGAR ↗
Q2 2023$919M70Jul 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$906M73Apr 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$886M73Feb 8, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$803M64Oct 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$871M65Jul 6, 202213F-HRchanges · EDGAR ↗
Q1 2022$952M66Apr 8, 202213F-HRchanges · EDGAR ↗
Q4 2021$983M65Jan 13, 202213F-HRchanges · EDGAR ↗
Q3 2021$926M65Oct 7, 202113F-HRchanges · EDGAR ↗
Q2 2021$967M68Jul 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$877M68Apr 9, 202113F-HRchanges · EDGAR ↗
Q4 2020$776M68Jan 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$660M65Oct 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$650M64Jul 8, 202013F-HRchanges · EDGAR ↗
Q1 2020$567M63Apr 3, 202013F-HRchanges · EDGAR ↗
Q4 2019$730M67Jan 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$703M66Oct 9, 201913F-HRchanges · EDGAR ↗
Q2 2019$722M67Jul 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$677M66Apr 4, 201913F-HRchanges · EDGAR ↗
Q4 2018$572M66Jan 14, 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 ↗.