13F HOLDINGS REPORT
Beutel, Goodman & Co Ltd.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001361974-25-000016
Total Value
$16.6M
Positions
177
Other Managers
0
Confidential Omitted
No
Holdings (177)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Toronto Dominion Bk | TORO | 12,733,758 | $1.0M | 6.13% |
| 2 | Bank of Montreal | 063671101 | 5,387,726 | $702,215 | 4.23% |
| 3 | Royal Bank Cda | 780087102 | 4,206,909 | $620,181 | 3.74% |
| 4 | Medtronic PLC | MDT | 4,765,105 | $453,828 | 2.73% |
| 5 | Qualcomm | QCOM | 2,657,180 | $442,048 | 2.66% |
| 6 | NetApp | NTAP | 3,511,297 | $415,948 | 2.51% |
| 7 | Chubb Limited | CB | 1,452,138 | $409,865 | 2.47% |
| 8 | Amgen Inc | AMGN | 1,446,930 | $408,323 | 2.46% |
| 9 | American Express Co | AXP | 1,227,147 | $407,609 | 2.45% |
| 10 | Merck& Co Inc | MRK | 4,852,678 | $407,285 | 2.45% |
| 11 | PPG Industries | 693506107 | 3,830,908 | $402,666 | 2.43% |
| 12 | Gen Digital | GENVR | 14,148,489 | $401,675 | 2.42% |
| 13 | Cdn Natl Railway | 136375102 | 3,847,915 | $362,943 | 2.19% |
| 14 | Amdocs Ltd | DOX | 4,422,353 | $362,854 | 2.19% |
| 15 | Comcast Corp | CCZ | 11,383,765 | $357,677 | 2.15% |
| 16 | TC Energy | TRPRF | 6,520,773 | $354,625 | 2.14% |
| 17 | Kimberly Clark Corp | KMB | 2,817,824 | $350,368 | 2.11% |
| 18 | Fortis Inc | FTRSF | 6,821,376 | $346,069 | 2.08% |
| 19 | Rogers Communications | RCIAF | 9,783,210 | $336,864 | 2.03% |
| 20 | WABTEC CORP | 929740108 | 1,680,090 | $336,807 | 2.03% |
| 21 | Restaurant Brands International | 76131D103 | 5,234,439 | $335,870 | 2.02% |
| 22 | Ebay Inc | EBAY | 3,681,235 | $334,808 | 2.02% |
| 23 | CGI Group | GIB | 3,746,942 | $333,815 | 2.01% |
| 24 | Nutrien | NTR | 5,583,555 | $327,974 | 1.98% |
| 25 | Manulife Fincl Corp | 56501R106 | 10,260,514 | $319,746 | 1.93% |
| 26 | RB Global | RBA | 2,940,185 | $318,530 | 1.92% |
| 27 | Canadian Pacific Kansas City | CP | 3,818,265 | $284,434 | 1.71% |
| 28 | Colliers Intl | 194693107 | 1,732,466 | $271,013 | 1.63% |
| 29 | Ameriprise Financial | 03076C106 | 538,521 | $264,548 | 1.59% |
| 30 | BlackRock | BLK | 222,122 | $258,965 | 1.56% |
| 31 | GFL Environmental | GFL | 5,456,285 | $258,657 | 1.56% |
| 32 | Omnicom Group | OMC | 3,161,467 | $257,754 | 1.55% |
| 33 | Sun Life Fncl Inc | SUNFF | 4,265,170 | $256,173 | 1.54% |
| 34 | Suncor Energy | SU | 5,788,651 | $242,296 | 1.46% |
| 35 | Elevance Health | ELV | 717,822 | $231,942 | 1.40% |
| 36 | Interpublic Group of Companies | INTR | 8,104,203 | $226,188 | 1.36% |
| 37 | Open Text Corp | OTEX | 6,014,504 | $224,862 | 1.35% |
| 38 | Applied Materials | 038222105 | 1,088,672 | $222,894 | 1.34% |
| 39 | Franco Nevada Corp | FNV | 999,536 | $222,528 | 1.34% |
| 40 | Brookfield Corporation | 11271J107 | 3,108,035 | $213,300 | 1.28% |
| 41 | CAE Inc | CAE | 7,196,402 | $213,140 | 1.28% |
| 42 | The Campbells Company | CPB | 6,741,727 | $212,903 | 1.28% |
| 43 | Harley Davidson Inc | HOG | 6,867,982 | $191,616 | 1.15% |
| 44 | Masco | MAS | 2,631,474 | $185,229 | 1.12% |
| 45 | SEI Investments | 784117103 | 2,022,950 | $171,647 | 1.03% |
| 46 | ATS Corp | ATS | 6,330,688 | $165,660 | 1.00% |
| 47 | Carlyle Group | CGABL | 2,622,212 | $164,412 | 0.99% |
| 48 | Cummins Inc | CMI | 369,814 | $156,198 | 0.94% |
| 49 | Flowserve Corp | FLS | 2,371,875 | $126,041 | 0.76% |
| 50 | Brookfield Asset Management | 113004105 | 2,101,976 | $119,646 | 0.72% |
| 51 | Cencora | COR | 317,217 | $99,139 | 0.60% |
| 52 | Alamos Gold | AGI | 2,254,068 | $78,586 | 0.47% |
| 53 | Triple Flag Precious Metals | TFPM | 1,327,100 | $38,857 | 0.23% |
| 54 | Docebo | DCBO | 1,117,210 | $30,487 | 0.18% |
| 55 | SPDR Portfolio S&P 500 Growth | 78464A409 | 252,467 | $26,405 | 0.16% |
| 56 | Eupraxia Pharmaceuticals | EPRX | 4,058,899 | $23,920 | 0.14% |
| 57 | Brookfield Business Partners | BBUC | 641,090 | $21,033 | 0.13% |
| 58 | Microsoft | MSFT | 34,547 | $17,893 | 0.11% |
| 59 | Canadian Imperial Bk | CNDIF | 200,807 | $16,049 | 0.10% |
| 60 | Bank of Nova Scotia | 064149107 | 244,854 | $15,836 | 0.10% |
| 61 | Emera | EMRJF | 292,263 | $14,024 | 0.08% |
| 62 | Apple | AAPL | 50,041 | $12,741 | 0.08% |
| 63 | Brookfield Business Partners | BBUC | 362,050 | $12,156 | 0.07% |
| 64 | Denison Mines Corp | DNN | 4,145,940 | $11,412 | 0.07% |
| 65 | JPMorgan Chase & Co. | VYLD | 32,125 | $10,133 | 0.06% |
| 66 | Thomson Reuters Corp-NEW | TMSOF | 63,711 | $9,895 | 0.06% |
| 67 | Pembina Pipeline Corp. | PPLOF | 241,856 | $9,780 | 0.06% |
| 68 | Brookfield Renewable Partners | G16258108 | 369,027 | $9,513 | 0.06% |
| 69 | Taiwan Semiconductor Manufacturing | 874039100 | 28,841 | $8,055 | 0.05% |
| 70 | Johnson Controls International | G51502105 | 71,650 | $7,877 | 0.05% |
| 71 | Johnson & Johnson | JNJ | 42,031 | $7,793 | 0.05% |
| 72 | Agnico-Eagle Mines Ltd. | AEM | 46,070 | $7,761 | 0.05% |
| 73 | Cisco Systems | CSCO | 105,285 | $7,203 | 0.04% |
| 74 | Canadian Natural Resources Ltd. | 136385101 | 192,470 | $6,155 | 0.04% |
| 75 | Honeywell Intl. | 438516106 | 24,320 | $5,119 | 0.03% |
| 76 | Alphabet | GOOG | 17,595 | $4,285 | 0.03% |
| 77 | TELUS | TU | 252,156 | $3,972 | 0.02% |
| 78 | Accenture PLC Ireland | ACN | 15,960 | $3,935 | 0.02% |
| 79 | iShares MSCI EAFE ETF | 464287465 | 40,051 | $3,739 | 0.02% |
| 80 | Abbott Lab | ABLZF | 27,400 | $3,669 | 0.02% |
| 81 | Novo Nordisk ADR | NONOF | 63,438 | $3,520 | 0.02% |
| 82 | PepsiCo Inc | PEP | 24,925 | $3,500 | 0.02% |
| 83 | Enbridge Inc. | ENNPF | 67,566 | $3,409 | 0.02% |
| 84 | Eaton Corporation PLC | ETN | 9,003 | $3,369 | 0.02% |
| 85 | Diageo PLC | DGEAF | 35,240 | $3,362 | 0.02% |
| 86 | 3M Company | MMM | 20,665 | $3,206 | 0.02% |
| 87 | Imperial Oil | IMO | 34,860 | $3,161 | 0.02% |
| 88 | Verizon Communications | VZ | 68,505 | $3,010 | 0.02% |
| 89 | CostCo Wholesale | 22160K105 | 3,177 | $2,940 | 0.02% |
| 90 | Alphabet Inc. Cl A | GOOG | 10,225 | $2,485 | 0.01% |
| 91 | Algonquin Power & Utilities | 015857105 | 447,345 | $2,404 | 0.01% |
| 92 | Cenovus Energy | CVE | 139,391 | $2,367 | 0.01% |
| 93 | Novartis | NVSEF | 18,440 | $2,364 | 0.01% |
| 94 | Procter & Gamble | 742718109 | 13,795 | $2,119 | 0.01% |
| 95 | Walt Disney | 254687106 | 17,175 | $1,966 | 0.01% |
| 96 | Wal-Mart Stores | WMT | 18,573 | $1,914 | 0.01% |
| 97 | Mondelez Int'l Inc. 'A' | 609207105 | 25,225 | $1,575 | 0.01% |
| 98 | Sprott Physical Silver T/U | SII | 92,500 | $1,451 | 0.01% |
| 99 | Thermo Fisher Scientific Inc. | TMO | 2,925 | $1,418 | 0.01% |
| 100 | Wells Fargo | 949746101 | 15,540 | $1,302 | 0.01% |
| 101 | Smith & Nephew | SNNUF | 35,565 | $1,290 | 0.01% |
| 102 | Altria Group | MO | 18,000 | $1,189 | 0.01% |
| 103 | Sprott Physical Gold T/U | SII | 39,500 | $1,168 | 0.01% |
| 104 | CVS Health | CVS | 13,815 | $1,041 | 0.01% |
| 105 | Corning Inc. | GLW | 11,450 | $939 | 0.01% |
| 106 | Emerson Electric | EMR | 6,730 | $882 | 0.01% |
| 107 | GSK PLC | GLAXF | 17,690 | $763 | 0.00% |
| 108 | iShares Core S&P 500 ETF | 464287200 | 1,094 | $732 | 0.00% |
| 109 | Brookfield Renewable | BEPC | 15,195 | $523 | 0.00% |
| 110 | Unilever plc | UNLYF | 8,285 | $491 | 0.00% |
| 111 | Somnigroup International | SGI | 5,635 | $475 | 0.00% |
| 112 | Health Care Select Sector SPDR | 81369Y209 | 3,092 | $430 | 0.00% |
| 113 | Union Pacific Corp. | UNP | 1,775 | $419 | 0.00% |
| 114 | Wheaton Precious Metals Corp. | WPM | 3,500 | $391 | 0.00% |
| 115 | Chevron Corporation | CVX | 2,390 | $371 | 0.00% |
| 116 | Newmont Mining Corp. | NEMCL | 4,131 | $348 | 0.00% |
| 117 | Brookfield Infrastructure Partners L.P. | G16252101 | 15,577 | $274 | 0.00% |
| 118 | BCE | BCPPF | 9,787 | $228 | 0.00% |
| 119 | SAP SE ADR | SAPGF | 750 | $200 | 0.00% |
| 120 | Invesco QQQ Trust | IVZ | 305 | $183 | 0.00% |
| 121 | Waste Management Inc | 94106L109 | 800 | $176 | 0.00% |
| 122 | TJX companies | 872540109 | 1,200 | $173 | 0.00% |
| 123 | Sherwin Williams Co. | SHW | 500 | $173 | 0.00% |
| 124 | Exxon Mobil Corp. | XOM | 1,400 | $157 | 0.00% |
| 125 | Berkshire Hathaway Inc. Cl. B | BRK-A | 260 | $130 | 0.00% |
| 126 | SPDR S&P 500 ETF Trust | SPY | 180 | $119 | 0.00% |
| 127 | Colgate Palmolive | CL | 1,400 | $111 | 0.00% |
| 128 | Tesla Motors Inc. | TSLA | 225 | $100 | 0.00% |
| 129 | Amazon | AMZN | 415 | $91 | 0.00% |
| 130 | Oracle | ORCL-PD | 300 | $84 | 0.00% |
| 131 | Morgan Stanley | MS-PQ | 500 | $79 | 0.00% |
| 132 | Home Depot | HD | 181 | $73 | 0.00% |
| 133 | IBM Corp. | INTR | 210 | $59 | 0.00% |
| 134 | Ecolab Inc. | ECL | 200 | $54 | 0.00% |
| 135 | Western Copper & Gold Corp. | WRN | 26,580 | $52 | 0.00% |
| 136 | Visa Inc | V | 145 | $49 | 0.00% |
| 137 | Brookfield Infrastructure Corporation-NEW | BIPC | 1,138 | $46 | 0.00% |
| 138 | Verisk Analytics | VRSK | 172 | $43 | 0.00% |
| 139 | Edison International | 281020107 | 750 | $41 | 0.00% |
| 140 | McDonald's Corp. | MCD | 125 | $37 | 0.00% |
| 141 | Magna Intl Inc | 559222401 | 800 | $37 | 0.00% |
| 142 | Ametek | AME | 195 | $36 | 0.00% |
| 143 | Pfizer Inc. | PFE | 1,100 | $28 | 0.00% |
| 144 | iShares US Healthcare ETF | 464287762 | 460 | $27 | 0.00% |
| 145 | iShares Select Dividend ETF | 464287168 | 195 | $27 | 0.00% |
| 146 | iShares MBS ETF | 464288588 | 270 | $25 | 0.00% |
| 147 | Bank of America Corp. | 060505104 | 500 | $25 | 0.00% |
| 148 | Deere & Co. | DE | 50 | $22 | 0.00% |
| 149 | NETFLIX Inc. | NFLX | 17 | $20 | 0.00% |
| 150 | PNC Financial Services Group | 693475105 | 100 | $20 | 0.00% |
| 151 | UBER Technologies Inc. | UBER | 190 | $18 | 0.00% |
| 152 | BHP Group | BHPLF | 300 | $16 | 0.00% |
| 153 | KKR & CO Inc. | KKRT | 125 | $16 | 0.00% |
| 154 | Citigroup | C-PR | 150 | $15 | 0.00% |
| 155 | Invesco S&P 500 Equal Weight Energy ETF | IVZ | 175 | $13 | 0.00% |
| 156 | Duke Energy Holding Corp. | DUKB | 100 | $12 | 0.00% |
| 157 | TFI International | 87241L109 | 145 | $12 | 0.00% |
| 158 | Consolidated Edison | ED | 100 | $10 | 0.00% |
| 159 | Invesco Aerospace & Defense ETF | IVZ | 50 | $7 | 0.00% |
| 160 | Oneok Inc. | OKE | 100 | $7 | 0.00% |
| 161 | iShares Biotechnology ETF | 464287556 | 45 | $6 | 0.00% |
| 162 | Global X Cloud Computing ETF | 37954Y442 | 270 | $6 | 0.00% |
| 163 | United Health Group Inc. | UNH | 18 | $6 | 0.00% |
| 164 | Wabash National Corp. | 929566107 | 700 | $6 | 0.00% |
| 165 | Starbucks Corp | SBUX | 70 | $5 | 0.00% |
| 166 | TE Connectivity Ltd. | TEL | 25 | $5 | 0.00% |
| 167 | Brookfield Wealth Solutions Ltd. | BNT | 71 | $4 | 0.00% |
| 168 | MasterCard Incorporated | MA | 8 | $4 | 0.00% |
| 169 | VANGUARD RUSSELL 1000 VAL ETF | 92206C714 | 49 | $4 | 0.00% |
| 170 | Methanex Corp. | MEOH | 95 | $3 | 0.00% |
| 171 | Solventum Corp | SOLV | 36 | $2 | 0.00% |
| 172 | ISHARES RUSSELL 1000 VALUE ETF | 464287598 | 6 | $1 | 0.00% |
| 173 | Enerflex Ltd. | EFXT | 100 | $1 | 0.00% |
| 174 | Coca Cola Co. | KO | 0 | $0 | 0.00% |
| 175 | NeoGenomics Inc. | NEO | 50 | $0 | 0.00% |
| 176 | South Bow Corp. | SOBO | 10 | $0 | 0.00% |
| 177 | Consumer Staples Select Sector SPDR | 81369Y308 | 10 | $0 | 0.00% |