SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Addenda Capital Inc.

CIK 0001569411 · 800, BOUL, RENE-LEVESQUE OUEST BUREAU 2800, MONTREAL, A8, H3B 1X9 · 514-287-7373

Reported Value
$2.3B
Q4 2022
Positions
144
Filings on Record
31
2019–present window
Filed
Jan 12, 2023
original filing

Summary

Addenda Capital Inc. reported $2.3B in U.S.-listed holdings across 144 positions for Q4 2022.

Its largest position, TD, represents 6.4% of the portfolio.

Compared with Q3 2022, the fund opened 10 new positions and exited 4.

Portfolio Metrics

Turnover
+7.5%
vs prior filed quarter
Top-10 Concentration
+40.6%
share of reported value
Largest Position
+6.4%
Toronto Dominion Bk Ont
New / Exited
10 / 4
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: $1.1BQ4 ’18Q1 ’19: $1.4BQ2 ’19: $1.4BQ3 ’19: $1.4BQ4 ’19: $1.5BQ4 ’19Q1 ’20: $1.2BQ2 ’20: $1.4BQ3 ’20: $1.4BQ4 ’20: $1.6BQ4 ’20Q1 ’21: $2.0BQ2 ’21: $2.1BQ3 ’21: $2.1BQ4 ’21: $2.3BQ4 ’21Q1 ’22: $2.4BQ2 ’22: $2.1BQ3 ’22: $2.2BQ4 ’22: $2.3BQ4 ’22Q1 ’23: $2.4BQ2 ’23: $2.4BQ3 ’23: $2.3BQ4 ’23: $2.6BQ4 ’23Q1 ’24: $2.6BQ2 ’24: $2.6BQ3 ’24: $2.8BQ4 ’24: $2.8BQ4 ’24Q1 ’25: $2.7BQ2 ’25: $2.8BQ3 ’25: $3.4BQ4 ’25: $3.4BQ4 ’25Q1 ’26: $3.6BQ2 ’26: $3.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.4%Other: 4.1%ADR: 1.1%ETP: 0.2%REIT: 0.1%
  • Common Stock · 94.4% · $2.2B
  • Other · 4.1% · $94M
  • ADR · 1.1% · $26M
  • ETP · 0.2% · $5M
  • REIT · 0.1% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BNBROOKFIELD CORPNEW+1.93M1.93M+$82M$82M
BAMBROOKFIELD ASSET MANAGMT LTDNEW+397.3K397.3K+$15M$15M
DEDEERE & CONEW+10.0K10.0K+$4M$4M
BLUBELLUS HEALTH INC NEWNEW+56.6K56.6K+$627,316$627,316
SAPSAP SENEW+316316+$32,608$32,608
TACTRANSALTA CORPNEW+2.5K2.5K+$30,413$30,413
GENERAL ELECTRIC CONEW+312312+$26,164$26,164
PUKNPRUDENTIAL PLCNEW+844844+$23,193$23,193

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

Holdings — Q4 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDTORONTO DOMINION BK ONThistory →COM NEW6.42%$148M1.69M
2RYROYAL BK CDA SUSTAINABLhistory →COM4.77%$110M864.0K
3CRCCANADIAN NAT RES LTDhistory →COM4.21%$97M1.27M
4BMOBANK MONTREAL QUEhistory →COM4.03%$93M756.5K
5ENBENBRIDGE INChistory →COM3.88%$89M1.69M
6NTRNUTRIEN LTDhistory →COM3.67%$84M849.0K
7BNBROOKFIELD CORPhistory →CL A LTD VT SH3.56%$82M1.93M
8BNSBANK NOVA SCOTIA HALIFAXhistory →COM3.50%$81M1.22M
9CANADIAN PAC RY LTDCOM3.33%$77M757.8K
10CNRCANADIAN NATL RY COhistory →COM3.27%$75M468.4K
11TRPTC ENERGY CORPhistory →COM2.36%$54M992.0K
12RCI/BROGERS COMMUNICATIONS INChistory →CL B2.33%$54M838.7K
13GIB/ACGI INChistory →CL A SUB VTG2.31%$53M456.0K
14SUSUNCOR ENERGY INC NEWhistory →COM2.06%$47M1.10M
15MFCMANULIFE FINL CORPhistory →COM1.83%$42M1.74M
16WCNWASTE CONNECTIONS INChistory →COM1.65%$38M212.4K
17BCEBCE INChistory →COM NEW1.59%$37M606.5K
18PPLPEMBINA PIPELINE CORPhistory →COM1.41%$32M704.4K
19MGAMAGNA INTL INChistory →COM1.37%$32M415.6K
20MSFTMICROSOFT CORPhistory →COM1.34%$31M129.1K
21CCOCAMECO CORPhistory →COM1.21%$28M906.6K
22QSRRESTAURANT BRANDS INTL INChistory →COM1.17%$27M306.0K
23WPMWHEATON PRECIOUS METALS CORPhistory →COM1.07%$25M465.9K
24SHOPSHOPIFY INChistory →CL A1.03%$24M504.8K
25DSGDESCARTES SYS GROUP INChistory →COM1.03%$24M250.7K
26OTXOPEN TEXT CORPhistory →COM0.96%$22M552.6K
27AAPLAPPLE INChistory →COM0.93%$22M165.5K
28SHAW COMMUNICATIONS INCCL B CONV0.91%$21M539.1K
29VVISA INChistory →COM CL A0.82%$19M91.0K
30CIGIEURCOLLIERS INTL GROUP INChistory →SUB VTG SHS0.76%$17M140.4K
31NKENIKE INChistory →CL B0.74%$17M145.0K
32FNVFRANCO NEV CORPhistory →COM0.73%$17M90.8K
33TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.72%$16M29.9K
34AVGOBROADCOM INChistory →COM0.70%$16M29.0K
35BAMBROOKFIELD ASSET MANAGMT LTDhistory →CL A LMT VTG SHS0.67%$15M397.3K
36PEPPEPSICO INChistory →COM0.65%$15M82.2K
37GOOGALPHABET INChistory →CAP STK CL C0.60%$14M156.9K
38CAECAE INChistory →COM0.60%$14M529.0K
39UNHUNITEDHEALTH GROUP INChistory →COM0.59%$14M25.6K
40UPSUNITED PARCEL SERVICE INChistory →CL B0.59%$14M78.0K
41JNJJOHNSON & JOHNSONhistory →COM0.58%$13M76.0K
42JPMJPMORGAN CHASE & COhistory →COM0.57%$13M98.6K
43CVECENOVUS ENERGY INChistory →COM0.56%$13M494.7K
44CMCANADIAN IMPERIAL BK COMM TOhistory →COM0.54%$12M224.0K
45GILGILDAN ACTIVEWEAR INChistory →COM0.53%$12M332.3K
46HONGBPHONEYWELL INTL INChistory →COM0.53%$12M56.6K
47TJXTJX COS INC NEWhistory →COM0.49%$11M142.6K
48CVSCVS HEALTH CORPhistory →COM0.47%$11M115.8K
49DISDISNEY WALT COhistory →COM0.46%$11M121.7K
50SCHWSCHWAB CHARLES CORPCOM0.43%$10M118.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$3.7B128Jul 14, 202613F-HRchanges · EDGAR ↗
Q1 2026$3.6B129Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.4B125Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.4B126Oct 9, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.8B120Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.7B123Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.8B123Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.8B125Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.6B128Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.6B131Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.6B130Jan 23, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.3B131Oct 12, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.4B132Jul 21, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.4B136Apr 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.3B144Jan 12, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.2B138Oct 11, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.1B102Jul 13, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.4B98Apr 14, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.3B96Jan 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.1B96Oct 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.1B99Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.0B98Apr 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.6B103Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.4B97Oct 15, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.4B96Jul 9, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.2B95Apr 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.5B104Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.4B108Oct 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.4B113Jul 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.4B113Apr 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.1B120Jan 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 ↗.