13F HOLDINGS REPORT
Beutel, Goodman & Co Ltd.
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001361974-26-000005
Total Value
$16.3M
Positions
174
Other Managers
0
Confidential Omitted
No
Holdings (174)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Toronto Dominion Bk | TORO | 8,012,730 | $756,174 | 4.65% |
| 2 | Royal Bank Cda | 780087102 | 3,913,751 | $668,085 | 4.10% |
| 3 | Bank of Montreal | 063671101 | 4,990,717 | $648,983 | 3.99% |
| 4 | Chubb Limited | CB | 1,481,216 | $462,317 | 2.84% |
| 5 | Medtronic PLC | MDT | 4,731,611 | $454,518 | 2.79% |
| 6 | Omnicom Group | OMC | 5,624,143 | $454,149 | 2.79% |
| 7 | Merck& Co Inc | MRK | 4,062,393 | $427,607 | 2.63% |
| 8 | PPG Industries | 693506107 | 3,921,122 | $401,758 | 2.47% |
| 9 | Manulife Fincl Corp | 56501R106 | 11,024,527 | $400,847 | 2.46% |
| 10 | Ebay Inc | EBAY | 4,517,362 | $393,462 | 2.42% |
| 11 | Rogers Communications | RCIAF | 10,374,584 | $392,126 | 2.41% |
| 12 | Amgen Inc | AMGN | 1,182,453 | $387,028 | 2.38% |
| 13 | Amdocs Ltd | DOX | 4,734,354 | $381,162 | 2.34% |
| 14 | Restaurant Brands International | 76131D103 | 5,548,020 | $379,082 | 2.33% |
| 15 | WABTEC CORP | 929740108 | 1,742,919 | $372,026 | 2.29% |
| 16 | CGI Group | GIB | 4,009,805 | $370,864 | 2.28% |
| 17 | Nutrien | NTR | 5,997,348 | $370,669 | 2.28% |
| 18 | NetApp | NTAP | 3,351,445 | $358,906 | 2.20% |
| 19 | Ameriprise Financial | 03076C106 | 725,099 | $355,545 | 2.18% |
| 20 | Gen Digital | GENVR | 13,031,328 | $354,321 | 2.18% |
| 21 | TC Energy | TRPRF | 6,045,999 | $333,362 | 2.05% |
| 22 | Kimberly Clark Corp | KMB | 3,243,674 | $327,254 | 2.01% |
| 23 | Canadian Pacific Kansas City | CP | 4,437,890 | $327,155 | 2.01% |
| 24 | Qualcomm | QCOM | 1,900,527 | $325,085 | 2.00% |
| 25 | Comcast Corp | CCZ | 10,478,547 | $313,203 | 1.92% |
| 26 | GFL Environmental | GFL | 7,172,103 | $308,493 | 1.90% |
| 27 | Elevance Health | ELV | 817,896 | $286,713 | 1.76% |
| 28 | American Express Co | AXP | 765,136 | $283,062 | 1.74% |
| 29 | RB Global | RBA | 2,717,540 | $280,149 | 1.72% |
| 30 | Cdn Natl Railway | 136375102 | 2,629,511 | $260,409 | 1.60% |
| 31 | Boyd Group Services | BGSI | 1,571,469 | $250,643 | 1.54% |
| 32 | Colliers Intl | 194693107 | 1,601,611 | $235,716 | 1.45% |
| 33 | Fortis Inc | FTRSF | 4,319,468 | $224,867 | 1.38% |
| 34 | Canadian Natural Resources Ltd. | 136385101 | 6,434,851 | $218,242 | 1.34% |
| 35 | Masco | MAS | 3,310,790 | $210,102 | 1.29% |
| 36 | CAE Inc | CAE | 6,679,818 | $203,403 | 1.25% |
| 37 | Sun Life Fncl Inc | SUNFF | 3,173,364 | $198,353 | 1.22% |
| 38 | Suncor Energy | SU | 4,454,906 | $197,988 | 1.22% |
| 39 | Brookfield Corporation | 11271J107 | 4,301,067 | $197,740 | 1.21% |
| 40 | Franco Nevada Corp | FNV | 927,474 | $192,504 | 1.18% |
| 41 | Flowserve Corp | FLS | 2,703,070 | $187,538 | 1.15% |
| 42 | Open Text Corp | OTEX | 5,567,797 | $181,565 | 1.12% |
| 43 | Applied Materials | 038222105 | 701,414 | $180,256 | 1.11% |
| 44 | Cummins Inc | CMI | 343,643 | $175,412 | 1.08% |
| 45 | The Campbells Company | CPB | 6,267,644 | $174,679 | 1.07% |
| 46 | ATS Corp | ATS | 5,837,138 | $161,008 | 0.99% |
| 47 | BlackRock | BLK | 148,127 | $158,546 | 0.97% |
| 48 | SEI Investments | 784117103 | 1,882,427 | $154,396 | 0.95% |
| 49 | Carlyle Group | CGABL | 2,435,137 | $143,940 | 0.88% |
| 50 | Harley Davidson Inc | HOG | 6,377,492 | $130,674 | 0.80% |
| 51 | Brookfield Asset Management | 113004105 | 1,936,911 | $101,596 | 0.62% |
| 52 | Alamos Gold | AGI | 2,058,525 | $79,592 | 0.49% |
| 53 | Cencora | COR | 199,716 | $67,454 | 0.41% |
| 54 | Triple Flag Precious Metals | TFPM | 1,210,840 | $40,289 | 0.25% |
| 55 | Docebo | DCBO | 1,566,943 | $34,853 | 0.21% |
| 56 | Eupraxia Pharmaceuticals | EPRX | 3,709,373 | $27,926 | 0.17% |
| 57 | SPDR Portfolio S&P 500 Growth | 78464A409 | 252,467 | $26,972 | 0.17% |
| 58 | Brookfield Business Partners | BBUC | 584,663 | $20,716 | 0.13% |
| 59 | Canadian Imperial Bk | CNDIF | 199,807 | $18,137 | 0.11% |
| 60 | Bank of Nova Scotia | 064149107 | 243,554 | $17,986 | 0.11% |
| 61 | Microsoft | MSFT | 31,378 | $15,175 | 0.09% |
| 62 | Emera | EMRJF | 288,413 | $14,231 | 0.09% |
| 63 | Apple | AAPL | 45,283 | $12,310 | 0.08% |
| 64 | Brookfield Business Partners | BBUC | 330,454 | $11,824 | 0.07% |
| 65 | JPMorgan Chase & Co. | VYLD | 32,125 | $10,351 | 0.06% |
| 66 | Denison Mines Corp | DNN | 3,787,059 | $10,056 | 0.06% |
| 67 | Brookfield Renewable Partners | G16258108 | 349,407 | $9,454 | 0.06% |
| 68 | Pembina Pipeline Corp. | PPLOF | 238,706 | $9,105 | 0.06% |
| 69 | Johnson & Johnson | JNJ | 41,456 | $8,579 | 0.05% |
| 70 | Johnson Controls International | G51502105 | 69,915 | $8,372 | 0.05% |
| 71 | Thomson Reuters Corp-NEW | TMSOF | 60,738 | $8,025 | 0.05% |
| 72 | Cisco Systems | CSCO | 103,085 | $7,940 | 0.05% |
| 73 | Taiwan Semiconductor Manufacturing | 874039100 | 23,570 | $7,162 | 0.04% |
| 74 | Agnico-Eagle Mines Ltd. | AEM | 40,337 | $6,849 | 0.04% |
| 75 | Alphabet Inc. Cl A | GOOG | 16,158 | $5,057 | 0.03% |
| 76 | Honeywell Intl. | 438516106 | 24,270 | $4,734 | 0.03% |
| 77 | Magnum Ice Cream Company | MICC | 287,388 | $4,555 | 0.03% |
| 78 | Accenture PLC Ireland | ACN | 15,520 | $4,164 | 0.03% |
| 79 | iShares MSCI EAFE ETF | 464287465 | 39,652 | $3,805 | 0.02% |
| 80 | PepsiCo Inc | PEP | 24,750 | $3,552 | 0.02% |
| 81 | Abbott Lab | ABLZF | 26,100 | $3,270 | 0.02% |
| 82 | 3M Company | MMM | 20,115 | $3,220 | 0.02% |
| 83 | Enbridge Inc. | ENNPF | 65,066 | $3,117 | 0.02% |
| 84 | Novo Nordisk ADR | NONOF | 60,013 | $3,053 | 0.02% |
| 85 | Alphabet | GOOG | 9,465 | $2,970 | 0.02% |
| 86 | Imperial Oil | IMO | 33,960 | $2,937 | 0.02% |
| 87 | Eaton Corporation PLC | ETN | 9,003 | $2,867 | 0.02% |
| 88 | Diageo PLC | DGEAF | 32,180 | $2,776 | 0.02% |
| 89 | CostCo Wholesale | 22160K105 | 3,094 | $2,668 | 0.02% |
| 90 | TELUS | TU | 201,221 | $2,655 | 0.02% |
| 91 | Novartis | NVSEF | 18,655 | $2,571 | 0.02% |
| 92 | Cenovus Energy | CVE | 139,111 | $2,356 | 0.01% |
| 93 | Sprott Physical Silver T/U | SII | 92,500 | $2,188 | 0.01% |
| 94 | Wal-Mart Stores | WMT | 18,423 | $2,052 | 0.01% |
| 95 | Procter & Gamble | 742718109 | 13,795 | $1,976 | 0.01% |
| 96 | Verizon Communications | VZ | 45,770 | $1,864 | 0.01% |
| 97 | Walt Disney | 254687106 | 16,060 | $1,827 | 0.01% |
| 98 | Thermo Fisher Scientific Inc. | TMO | 2,900 | $1,680 | 0.01% |
| 99 | Algonquin Power & Utilities | 015857105 | 262,070 | $1,613 | 0.01% |
| 100 | Wells Fargo | 949746101 | 15,115 | $1,408 | 0.01% |
| 101 | Smith & Nephew | SNNUF | 41,545 | $1,363 | 0.01% |
| 102 | Mondelez Int'l Inc. 'A' | 609207105 | 25,225 | $1,357 | 0.01% |
| 103 | Sprott Physical Gold T/U | SII | 39,500 | $1,303 | 0.01% |
| 104 | Altria Group | MO | 18,000 | $1,037 | 0.01% |
| 105 | Corning Inc. | GLW | 11,450 | $1,002 | 0.01% |
| 106 | Emerson Electric | EMR | 6,730 | $893 | 0.01% |
| 107 | CVS Health | CVS | 10,940 | $868 | 0.01% |
| 108 | iShares Core S&P 500 ETF | 464287200 | 1,094 | $749 | 0.00% |
| 109 | GSK PLC | GLAXF | 14,320 | $702 | 0.00% |
| 110 | Brookfield Renewable | BEPC | 14,973 | $575 | 0.00% |
| 111 | Brookfield Infrastructure Partners L.P. | G16252101 | 14,977 | $520 | 0.00% |
| 112 | Somnigroup International | SGI | 5,635 | $503 | 0.00% |
| 113 | Unilever plc | UNLYF | 7,298 | $477 | 0.00% |
| 114 | Health Care Select Sector SPDR | 81369Y209 | 2,842 | $439 | 0.00% |
| 115 | Wheaton Precious Metals Corp. | WPM | 3,500 | $412 | 0.00% |
| 116 | Newmont Mining Corp. | NEMCL | 4,131 | $412 | 0.00% |
| 117 | Union Pacific Corp. | UNP | 1,775 | $410 | 0.00% |
| 118 | Chevron Corporation | CVX | 2,390 | $364 | 0.00% |
| 119 | Solstice Advanced Materials | 83443Q103 | 5,821 | $282 | 0.00% |
| 120 | Invesco QQQ Trust | IVZ | 305 | $187 | 0.00% |
| 121 | BCE | BCPPF | 7,808 | $186 | 0.00% |
| 122 | SAP SE ADR | SAPGF | 750 | $182 | 0.00% |
| 123 | Waste Management Inc | 94106L109 | 800 | $175 | 0.00% |
| 124 | Exxon Mobil Corp. | XOM | 1,400 | $168 | 0.00% |
| 125 | Sherwin Williams Co. | SHW | 500 | $162 | 0.00% |
| 126 | TJX companies | 872540109 | 1,000 | $153 | 0.00% |
| 127 | Berkshire Hathaway Inc. Cl. B | BRK-A | 260 | $130 | 0.00% |
| 128 | SPDR S&P 500 ETF Trust | SPY | 180 | $122 | 0.00% |
| 129 | Colgate Palmolive | CL | 1,400 | $110 | 0.00% |
| 130 | Tesla Motors Inc. | TSLA | 225 | $101 | 0.00% |
| 131 | Amazon | AMZN | 431 | $99 | 0.00% |
| 132 | Morgan Stanley | MS-PQ | 500 | $88 | 0.00% |
| 133 | IBM Corp. | INTR | 210 | $62 | 0.00% |
| 134 | Home Depot | HD | 181 | $62 | 0.00% |
| 135 | Ecolab Inc. | ECL | 200 | $52 | 0.00% |
| 136 | Visa Inc | V | 145 | $50 | 0.00% |
| 137 | Brookfield Infrastructure Corporation-NEW | BIPC | 1,074 | $48 | 0.00% |
| 138 | Edison International | 281020107 | 750 | $45 | 0.00% |
| 139 | Magna Intl Inc | 559222401 | 800 | $42 | 0.00% |
| 140 | Western Copper & Gold Corp. | WRN | 14,790 | $39 | 0.00% |
| 141 | McDonald's Corp. | MCD | 125 | $38 | 0.00% |
| 142 | iShares US Healthcare ETF | 464287762 | 460 | $29 | 0.00% |
| 143 | Bank of America Corp. | 060505104 | 500 | $27 | 0.00% |
| 144 | Pfizer Inc. | PFE | 1,100 | $27 | 0.00% |
| 145 | iShares Select Dividend ETF | 464287168 | 195 | $27 | 0.00% |
| 146 | iShares MBS ETF | 464288588 | 270 | $25 | 0.00% |
| 147 | Deere & Co. | DE | 50 | $23 | 0.00% |
| 148 | PNC Financial Services Group | 693475105 | 100 | $20 | 0.00% |
| 149 | BHP Group | BHPLF | 300 | $18 | 0.00% |
| 150 | Citigroup | C-PR | 150 | $17 | 0.00% |
| 151 | NETFLIX Inc. | NFLX | 170 | $15 | 0.00% |
| 152 | KKR & CO Inc. | KKRT | 125 | $15 | 0.00% |
| 153 | TFI International | 87241L109 | 145 | $15 | 0.00% |
| 154 | UBER Technologies Inc. | UBER | 190 | $15 | 0.00% |
| 155 | Invesco S&P 500 Equal Weight Energy ETF | IVZ | 175 | $13 | 0.00% |
| 156 | Duke Energy Holding Corp. | DUKB | 100 | $11 | 0.00% |
| 157 | Consolidated Edison | ED | 100 | $9 | 0.00% |
| 158 | Invesco Aerospace & Defense ETF | IVZ | 50 | $7 | 0.00% |
| 159 | iShares Biotechnology ETF | 464287556 | 45 | $7 | 0.00% |
| 160 | Oneok Inc. | OKE | 100 | $7 | 0.00% |
| 161 | Wabash National Corp. | 929566107 | 700 | $6 | 0.00% |
| 162 | Global X Cloud Computing ETF | 37954Y442 | 270 | $6 | 0.00% |
| 163 | TE Connectivity Ltd. | TEL | 25 | $5 | 0.00% |
| 164 | Starbucks Corp | SBUX | 70 | $5 | 0.00% |
| 165 | United Health Group Inc. | UNH | 18 | $5 | 0.00% |
| 166 | Brookfield Wealth Solutions Ltd. | BNT | 106 | $4 | 0.00% |
| 167 | MasterCard Incorporated | MA | 8 | $4 | 0.00% |
| 168 | Meta Platforms | META | 5 | $3 | 0.00% |
| 169 | Methanex Corp. | MEOH | 95 | $3 | 0.00% |
| 170 | Solventum Corp | SOLV | 36 | $2 | 0.00% |
| 171 | Enerflex Ltd. | EFXT | 100 | $1 | 0.00% |
| 172 | Consumer Staples Select Sector SPDR | 81369Y308 | 10 | $0 | 0.00% |
| 173 | South Bow Corp. | SOBO | 10 | $0 | 0.00% |
| 174 | NeoGenomics Inc. | NEO | 50 | $0 | 0.00% |