13F HOLDINGS REPORT
Beutel, Goodman & Co Ltd.
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001361974-25-000011
Total Value
$17.6M
Positions
176
Other Managers
0
Confidential Omitted
No
Holdings (176)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Toronto Dominion Bk | TORO | 14,740,291 | $1.1M | 6.16% |
| 2 | Royal Bank Cda | 780087102 | 6,577,072 | $865,069 | 4.93% |
| 3 | Bank of Montreal | 063671101 | 5,767,972 | $637,921 | 3.63% |
| 4 | American Express Co | AXP | 1,427,713 | $455,412 | 2.59% |
| 5 | Gen Digital | GENVR | 15,268,735 | $448,900 | 2.56% |
| 6 | Ebay Inc | EBAY | 5,973,100 | $444,757 | 2.53% |
| 7 | Qualcomm | QCOM | 2,774,812 | $441,916 | 2.52% |
| 8 | Cdn Natl Railway | 136375102 | 4,134,954 | $429,980 | 2.45% |
| 9 | Medtronic PLC | MDT | 4,907,266 | $427,766 | 2.44% |
| 10 | Comcast Corp | CCZ | 11,939,789 | $426,131 | 2.43% |
| 11 | Amdocs Ltd | DOX | 4,650,708 | $424,330 | 2.42% |
| 12 | PPG Industries | 693506107 | 3,729,174 | $424,193 | 2.42% |
| 13 | Merck& Co Inc | MRK | 5,104,436 | $404,067 | 2.30% |
| 14 | Amgen Inc | AMGN | 1,436,622 | $401,119 | 2.29% |
| 15 | Chubb Limited | CB | 1,339,427 | $388,059 | 2.21% |
| 16 | Kimberly Clark Corp | KMB | 2,938,215 | $378,794 | 2.16% |
| 17 | NetApp | NTAP | 3,544,644 | $377,681 | 2.15% |
| 18 | Westinghouse Air Brake Technologies | 929740108 | 1,779,101 | $372,454 | 2.12% |
| 19 | Restaurant Brands International | 76131D103 | 5,624,674 | $372,353 | 2.12% |
| 20 | RB Global | RBA | 3,422,805 | $362,900 | 2.07% |
| 21 | CGI Group | GIB | 3,452,820 | $361,881 | 2.06% |
| 22 | Manulife Fincl Corp | 56501R106 | 11,076,292 | $353,434 | 2.01% |
| 23 | Fortis Inc | FTRSF | 7,336,752 | $349,604 | 1.99% |
| 24 | Nutrien | NTR | 6,001,244 | $348,991 | 1.99% |
| 25 | TC Energy | TRPRF | 6,999,809 | $341,038 | 1.94% |
| 26 | CAE Inc | CAE | 11,528,538 | $337,195 | 1.92% |
| 27 | Canadian Pacific Kansas City | CP | 4,127,444 | $327,231 | 1.86% |
| 28 | Brookfield Corporation | 11271J107 | 5,043,131 | $311,495 | 1.77% |
| 29 | Sun Life Fncl Inc | SUNFF | 4,601,560 | $305,567 | 1.74% |
| 30 | Rogers Communications | RCIAF | 10,308,495 | $305,137 | 1.74% |
| 31 | Ameriprise Financial | 03076C106 | 570,080 | $304,268 | 1.73% |
| 32 | GFL Environmental | GFL | 5,913,330 | $297,898 | 1.70% |
| 33 | Elevance Health | ELV | 753,653 | $293,141 | 1.67% |
| 34 | Suncor Energy | SU | 7,704,918 | $288,037 | 1.64% |
| 35 | BlackRock | BLK | 240,141 | $251,968 | 1.44% |
| 36 | Colliers Intl | 194693107 | 1,863,281 | $243,298 | 1.39% |
| 37 | Omnicom Group | OMC | 3,333,998 | $239,847 | 1.37% |
| 38 | The Campbells Company | CPB | 7,626,085 | $233,739 | 1.33% |
| 39 | SEI Investments | 784117103 | 2,600,616 | $233,691 | 1.33% |
| 40 | ATS Corp | ATS | 6,834,488 | $217,531 | 1.24% |
| 41 | Interpublic Group of Companies | INTR | 8,593,612 | $210,371 | 1.20% |
| 42 | Cummins Inc | CMI | 589,186 | $192,958 | 1.10% |
| 43 | Open Text Corp | OTEX | 6,493,133 | $189,345 | 1.08% |
| 44 | Franco Nevada Corp | FNV | 1,081,100 | $177,135 | 1.01% |
| 45 | Masco | MAS | 2,744,300 | $176,623 | 1.01% |
| 46 | Harley Davidson Inc | HOG | 7,348,126 | $173,415 | 0.99% |
| 47 | Carlyle Group | CGABL | 2,771,630 | $142,461 | 0.81% |
| 48 | Flowserve Corp | FLS | 2,512,094 | $131,508 | 0.75% |
| 49 | Brookfield Asset Mgt | 113004105 | 2,278,022 | $125,829 | 0.72% |
| 50 | Cencora | COR | 332,952 | $99,835 | 0.57% |
| 51 | Alamos Gold In | AGI | 2,385,338 | $63,317 | 0.36% |
| 52 | Triple Flag Precious Metals | TFPM | 1,402,880 | $33,198 | 0.19% |
| 53 | SPDR Portfolio S&P 500 Growth | 78464A409 | 271,232 | $25,786 | 0.15% |
| 54 | Microsoft | MSFT | 36,257 | $18,034 | 0.10% |
| 55 | Brookfield Business Partners | BBUC | 660,130 | $17,140 | 0.10% |
| 56 | Emera | EMRJF | 299,288 | $13,682 | 0.08% |
| 57 | Thomson Reuters Corp-NEW | TMSOF | 65,793 | $13,203 | 0.08% |
| 58 | Brookfield Business Partners | BBUC | 399,025 | $12,460 | 0.07% |
| 59 | Apple | AAPL | 55,251 | $11,335 | 0.06% |
| 60 | Enbridge Inc. | ENNPF | 243,424 | $11,016 | 0.06% |
| 61 | Denison Mines Corp | DNN | 5,856,260 | $10,686 | 0.06% |
| 62 | Brookfield Renewable Partners | G16258108 | 372,277 | $9,472 | 0.05% |
| 63 | Bank of Nova Scotia | 064149107 | 171,637 | $9,471 | 0.05% |
| 64 | JPMorgan Chase & Co. | VYLD | 32,650 | $9,465 | 0.05% |
| 65 | Pembina Pipeline Corp. | PPLOF | 244,431 | $9,159 | 0.05% |
| 66 | Cisco Systems | CSCO | 115,810 | $8,034 | 0.05% |
| 67 | Johnson Controls International | G51502105 | 73,575 | $7,770 | 0.04% |
| 68 | Telus International Cda | TU | 2,035,150 | $7,382 | 0.04% |
| 69 | Docebo | DCBO | 248,560 | $7,189 | 0.04% |
| 70 | Taiwan Semiconductor Manufacturing | 874039100 | 30,241 | $6,849 | 0.04% |
| 71 | Johnson & Johnson | JNJ | 42,781 | $6,534 | 0.04% |
| 72 | BCE | BCPPF | 277,316 | $6,137 | 0.03% |
| 73 | Canadian Natural Resources Ltd. | 136385101 | 192,170 | $6,027 | 0.03% |
| 74 | Honeywell Intl. | 438516106 | 24,820 | $5,780 | 0.03% |
| 75 | Canadian Imperial Bk | CNDIF | 77,845 | $5,514 | 0.03% |
| 76 | Agnico-Eagle Mines Ltd. | AEM | 46,070 | $5,477 | 0.03% |
| 77 | Novo Nordisk ADR | NONOF | 72,518 | $5,005 | 0.03% |
| 78 | Accenture PLC Ireland | ACN | 16,060 | $4,800 | 0.03% |
| 79 | TELUS | TU | 276,053 | $4,424 | 0.03% |
| 80 | Abbott Lab | ABLZF | 27,600 | $3,753 | 0.02% |
| 81 | Diageo PLC | DGEAF | 36,790 | $3,709 | 0.02% |
| 82 | Verizon Communications | VZ | 84,430 | $3,653 | 0.02% |
| 83 | iShares MSCI EAFE ETF | 464287465 | 40,156 | $3,591 | 0.02% |
| 84 | CostCo Wholesale | 22160K105 | 3,552 | $3,516 | 0.02% |
| 85 | PepsiCo Inc | PEP | 25,925 | $3,423 | 0.02% |
| 86 | Eaton Corporation PLC | ETN | 9,153 | $3,267 | 0.02% |
| 87 | 3M Company | MMM | 21,015 | $3,199 | 0.02% |
| 88 | Alphabet | GOOG | 17,677 | $3,135 | 0.02% |
| 89 | Imperial Oil | IMO | 35,960 | $2,850 | 0.02% |
| 90 | Algonquin Power & Utilities | 015857105 | 497,045 | $2,837 | 0.02% |
| 91 | Procter & Gamble | 742718109 | 13,595 | $2,165 | 0.01% |
| 92 | Walt Disney | 254687106 | 17,440 | $2,162 | 0.01% |
| 93 | Cenovus Energy | CVE | 143,237 | $1,945 | 0.01% |
| 94 | Wal-Mart Stores | WMT | 19,498 | $1,906 | 0.01% |
| 95 | Alphabet Inc. Cl A | GOOG | 10,475 | $1,846 | 0.01% |
| 96 | Mondelez Int'l Inc. 'A' | 609207105 | 25,225 | $1,701 | 0.01% |
| 97 | Novartis | NVSEF | 12,110 | $1,465 | 0.01% |
| 98 | Wells Fargo | 949746101 | 15,765 | $1,263 | 0.01% |
| 99 | Thermo Fisher Scientific Inc. | TMO | 2,943 | $1,193 | 0.01% |
| 100 | Sprott Physical Silver T/U | SII | 92,500 | $1,131 | 0.01% |
| 101 | CVS Health | CVS | 15,640 | $1,078 | 0.01% |
| 102 | Sprott Physical Gold T/U | SII | 39,500 | $999 | 0.01% |
| 103 | Emerson Electric Co | EMR | 6,730 | $897 | 0.01% |
| 104 | Smith & Nephew | SNNUF | 24,455 | $749 | 0.00% |
| 105 | Berkshire Hathaway | BRK-A | 1 | $728 | 0.00% |
| 106 | GSK PLC | GLAXF | 17,450 | $670 | 0.00% |
| 107 | iShares Core S&P 500 ETF | 464287200 | 1,064 | $660 | 0.00% |
| 108 | Corning Inc. | GLW | 11,450 | $602 | 0.00% |
| 109 | Health Care Select Sector SPDR | 81369Y209 | 3,892 | $524 | 0.00% |
| 110 | Brookfield Renewable | BEPC | 15,757 | $515 | 0.00% |
| 111 | Unilever plc | UNLYF | 8,365 | $511 | 0.00% |
| 112 | Somnigroup International | SGI | 7,135 | $485 | 0.00% |
| 113 | Union Pacific Corp. | UNP | 1,775 | $408 | 0.00% |
| 114 | Chevron Corporation | CVX | 2,390 | $342 | 0.00% |
| 115 | Wheaton Precious Metals Corp. | WPM | 3,500 | $314 | 0.00% |
| 116 | Brookfield Infrastructure Partners L.P. | G16252101 | 16,754 | $280 | 0.00% |
| 117 | Newmont Mining Corp. | NEMCL | 4,131 | $240 | 0.00% |
| 118 | SAP SE ADR | SAPGF | 750 | $228 | 0.00% |
| 119 | Waste Management Inc | 94106L109 | 800 | $183 | 0.00% |
| 120 | Sherwin Williams Co. | SHW | 500 | $171 | 0.00% |
| 121 | Exxon Mobil Corp. | XOM | 1,400 | $150 | 0.00% |
| 122 | TJX companies | 872540109 | 1,200 | $148 | 0.00% |
| 123 | Invesco QQQ Trust | IVZ | 250 | $137 | 0.00% |
| 124 | Colgate Palmolive | CL | 1,400 | $127 | 0.00% |
| 125 | Berkshire Hathaway Inc. Cl. B | BRK-A | 260 | $126 | 0.00% |
| 126 | SPDR S&P 500 ETF Trust | SPY | 180 | $111 | 0.00% |
| 127 | Amazon | AMZN | 450 | $98 | 0.00% |
| 128 | Tesla Motors Inc. | TSLA | 225 | $71 | 0.00% |
| 129 | Morgan Stanley | MS-PQ | 500 | $70 | 0.00% |
| 130 | Home Depot | HD | 181 | $66 | 0.00% |
| 131 | Oracle | ORCL-PD | 300 | $65 | 0.00% |
| 132 | Verisk Analytics | VRSK | 172 | $53 | 0.00% |
| 133 | Ecolab Inc. | ECL | 200 | $53 | 0.00% |
| 134 | Brookfield Infrastructure Corporation-NEW | BIPC | 1,267 | $52 | 0.00% |
| 135 | Visa Inc | V | 145 | $51 | 0.00% |
| 136 | SPDR Gold Trust | GLD | 150 | $45 | 0.00% |
| 137 | IBM Corp. | INTR | 150 | $44 | 0.00% |
| 138 | Coca Cola Co. | KO | 600 | $42 | 0.00% |
| 139 | Edison International | 281020107 | 750 | $38 | 0.00% |
| 140 | McDonald's Corp. | MCD | 125 | $36 | 0.00% |
| 141 | Ametek | AME | 195 | $35 | 0.00% |
| 142 | DuPont EI de Nemours | DD | 500 | $34 | 0.00% |
| 143 | Western Copper & Gold Corp. | WRN | 26,580 | $32 | 0.00% |
| 144 | Magna Intl Inc | 559222401 | 800 | $30 | 0.00% |
| 145 | Energy Transfer LP | ET-PI | 1,500 | $27 | 0.00% |
| 146 | Pfizer Inc. | PFE | 1,100 | $26 | 0.00% |
| 147 | iShares MBS ETF | 464288588 | 270 | $25 | 0.00% |
| 148 | Deere & Co. | DE | 50 | $25 | 0.00% |
| 149 | Bank of America Corp. | 060505104 | 500 | $23 | 0.00% |
| 150 | NETFLIX Inc. | NFLX | 17 | $22 | 0.00% |
| 151 | PNC Financial Services Group | 693475105 | 100 | $18 | 0.00% |
| 152 | UBER Technologies Inc. | UBER | 190 | $17 | 0.00% |
| 153 | KKR & CO Inc. | KKRT | 125 | $16 | 0.00% |
| 154 | BHP Group | BHPLF | 300 | $14 | 0.00% |
| 155 | Invesco S&P 500 Equal Weight Energy ETF | IVZ | 175 | $13 | 0.00% |
| 156 | TFI International | 87241L109 | 145 | $12 | 0.00% |
| 157 | Citigroup | C-PR | 150 | $12 | 0.00% |
| 158 | Duke Energy Holding Corp. | DUKB | 100 | $11 | 0.00% |
| 159 | Consolidated Edison | ED | 100 | $10 | 0.00% |
| 160 | Oneok Inc. | OKE | 100 | $8 | 0.00% |
| 161 | Invesco Aerospace & Defense ETF | IVZ | 50 | $7 | 0.00% |
| 162 | Wabash National Corp. | 929566107 | 700 | $7 | 0.00% |
| 163 | Global X Cloud Computing ETF | 37954Y442 | 270 | $6 | 0.00% |
| 164 | Starbucks Corp | SBUX | 70 | $6 | 0.00% |
| 165 | iShares Biotechnology ETF | 464287556 | 45 | $5 | 0.00% |
| 166 | United Health Group Inc. | UNH | 18 | $5 | 0.00% |
| 167 | Brookfield Wealth Solutions Ltd. | BNT | 71 | $4 | 0.00% |
| 168 | MasterCard Incorporated | MA | 8 | $4 | 0.00% |
| 169 | TE Connectivity Ltd. | TEL | 25 | $4 | 0.00% |
| 170 | Methanex Corp. | MEOH | 95 | $3 | 0.00% |
| 171 | Solventum Corp | SOLV | 36 | $2 | 0.00% |
| 172 | Walgreens Boots Alliance Inc. | 931427108 | 100 | $1 | 0.00% |
| 173 | NeoGenomics Inc. | NEO | 50 | $0 | 0.00% |
| 174 | South Bow Corp. | SOBO | 10 | $0 | 0.00% |
| 175 | Consumer Staples Select Sector SPDR | 81369Y308 | 10 | $0 | 0.00% |
| 176 | Enerflex Ltd. | EFXT | 100 | $0 | 0.00% |