SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Connor, Clark & Lunn Investment Management Ltd.

CIK 0001596800 · 2300 - 1111 WEST GEORGIA STREET, VANCOUVER, A1, V6E 4M3 · 604-685-2020

Reported Value
$21.5B
Q4 2023
Positions
1,352
Filings on Record
31
2019–present window
Filed
Feb 9, 2024
original filing

Summary

Connor, Clark & Lunn Investment Management Ltd. reported $21.5B in U.S.-listed holdings across 1,352 positions for Q4 2023.

Its largest position, RY, represents 4.0% of the portfolio.

Compared with Q3 2023, the fund opened 288 new positions and exited 271.

Portfolio Metrics

Turnover
+14.9%
vs prior filed quarter
Top-10 Concentration
+24.8%
share of reported value
Largest Position
+4.0%
Royal Bk Cda
New / Exited
288 / 271
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: $14.7BQ4 ’18Q1 ’19: $15.2BQ2 ’19: $15.6BQ3 ’19: $14.6BQ4 ’19: $14.5BQ4 ’19Q1 ’20: $11.2BQ2 ’20: $14.2BQ3 ’20: $15.0BQ4 ’20: $16.9BQ4 ’20Q1 ’21: $18.0BQ2 ’21: $19.7BQ3 ’21: $19.2BQ4 ’21: $20.5BQ4 ’21Q1 ’22: $20.4BQ2 ’22: $16.5BQ3 ’22: $15.3BQ4 ’22: $17.4BQ4 ’22Q1 ’23: $18.5BQ2 ’23: $20.0BQ3 ’23: $19.1BQ4 ’23: $21.5BQ4 ’23Q1 ’24: $23.2BQ2 ’24: $23.8BQ3 ’24: $20.6BQ4 ’24: $22.1BQ4 ’24Q1 ’25: $22.9BQ2 ’25: $28.4BQ3 ’25: $31.7BQ4 ’25: $38.1BQ4 ’25Q1 ’26: $43.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.6%Other: 3.7%ADR: 3.6%REIT: 0.7%ETP: 0.2%Other: 0.1%
  • Common Stock · 91.6% · $19.7B
  • Other · 3.7% · $803M
  • ADR · 3.6% · $774M
  • REIT · 0.7% · $159M
  • ETP · 0.2% · $40M
  • Other · 0.1% · $17M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BKNGBOOKING HOLDINGS INCNEW+11.2K11.2K+$40M$40M
CMCSACOMCAST CORP NEWNEW+795.4K795.4K+$35M$35M
CDNSCADENCE DESIGN SYSTEM INCNEW+126.2K126.2K+$34M$34M
TJXTJX COS INC NEWNEW+365.5K365.5K+$34M$34M
VLOVALERO ENERGY CORPNEW+170.0K170.0K+$22M$22M
GENERAL ELECTRIC CONEW+159.0K159.0K+$20M$20M
SBUXSTARBUCKS CORPNEW+210.6K210.6K+$20M$20M
ILMNILLUMINA INCNEW+130.7K130.7K+$18M$18M

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

Holdings — Q4 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYROYAL BK CDAhistory →COM4.03%$865M8.55M
2TDTORONTO DOMINION BK ONThistory →COM NEW3.52%$756M11.70M
3SHOPSHOPIFY INChistory →CL A2.89%$619M7.96M
4AAPLAPPLE INChistory →COM2.76%$592M3.07M
5MSFTMICROSOFT CORPhistory →COM2.12%$455M1.21M
6BNSBANK NOVA SCOTIA HALIFAXhistory →COM2.01%$431M8.85M
7CNRCANADIAN NATL RY COhistory →COM1.97%$422M3.36M
8ENBENBRIDGE INChistory →COM1.88%$403M11.18M
9BMOBANK MONTREAL QUEhistory →COM1.84%$394M3.98M
10CRCCANADIAN NAT RES LTDhistory →COM1.75%$376M5.74M
11CCOCAMECO CORPhistory →COM1.67%$359M8.33M
12GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.56%$334M2.38M
13TRI4EURTHOMSON REUTERS CORP.history →COM1.54%$330M2.26M
14CPCANADIAN PACIFIC KANSAS CITYhistory →COM1.48%$318M4.02M
15CMCANADIAN IMPERIAL BK COMM TOhistory →COM1.41%$303M6.28M
16NVDANVIDIA CORPORATIONhistory →COM1.27%$272M550.0K
17BNBROOKFIELD CORPhistory →CL A LTD VT SH1.25%$267M6.66M
18AMZNAMAZON COM INChistory →COM1.11%$239M1.57M
19FTSFORTIS INChistory →COM1.02%$218M5.31M
20PPLPEMBINA PIPELINE CORPhistory →COM0.99%$212M6.15M
21LIESUN LIFE FINANCIAL INC.history →COM0.89%$190M3.67M
22TRPTC ENERGY CORPhistory →COM0.88%$189M4.83M
23METAMETA PLATFORMS INChistory →CL A0.86%$185M521.3K
24WPMWHEATON PRECIOUS METALS CORPhistory →COM0.85%$183M3.71M
25BCEBCE INChistory →COM NEW0.85%$181M4.61M
26CLSEURCELESTICA INChistory →SUB VTG SHS0.84%$180M6.14M
27SUSUNCOR ENERGY INC NEWhistory →COM0.83%$177M5.53M
28WCNWASTE CONNECTIONS INChistory →COM0.82%$176M1.18M
29AEMAGNICO EAGLE MINES LTDhistory →COM0.78%$167M3.04M
30STNSTANTEC INChistory →COM0.74%$159M1.98M
31RCI/BROGERS COMMUNICATIONS INChistory →CL B0.73%$156M3.33M
32AMDADVANCED MICRO DEVICES INChistory →COM0.69%$147M1.00M
33INTCINTEL CORPhistory →COM0.68%$146M2.90M
34IMOIMPERIAL OIL LTDhistory →COM NEW0.68%$145M2.55M
35DSGDESCARTES SYS GROUP INChistory →COM0.67%$145M1.72M
36BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.66%$142M397.6K
37MRKMERCK & CO INChistory →COM0.65%$140M1.29M
38TTELUS CORPORATIONhistory →COM0.58%$125M7.00M
39FNVFRANCO NEV CORPhistory →COM0.55%$119M1.07M
40ATSATS CORPORATIONhistory →COM0.55%$117M2.72M
41DISDISNEY WALT COhistory →COM0.52%$111M1.23M
42WFGWEST FRASER TIMBER CO LTDhistory →COM0.51%$109M1.28M
43NTRNUTRIEN LTDhistory →COM0.49%$106M1.88M
44ABXBARRICK GOLD CORPhistory →COM0.47%$102M5.63M
45XYZBLOCK INChistory →CL A0.47%$102M1.31M
46CVECENOVUS ENERGY INChistory →COM0.47%$100M6.00M
47FTNTFORTINET INChistory →COM0.47%$100M1.71M
48PGPROCTER AND GAMBLE COhistory →COM0.47%$100M681.4K
49UPSUNITED PARCEL SERVICE INChistory →CL B0.45%$97M615.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$43.4B1,526May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$38.1B1,508Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$31.7B1,475Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$28.4B1,486Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$22.9B1,383May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$22.1B1,386Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$20.6B1,400Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$23.8B1,345Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$23.2B1,501May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$21.5B1,352Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$19.1B1,335Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$20.0B1,292Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$18.5B1,216May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$17.4B1,178Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$15.3B1,088Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$16.5B1,022Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$20.4B1,014May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$20.5B1,064Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$19.2B1,016Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$19.7B960Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$18.0B968May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$16.9B883Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$15.0B909Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$14.2B993Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$11.2B995May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$14.5B902Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$14.6B943Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$15.6B974Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$15.2B890May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$14.7B929Feb 12, 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 ↗.