13F HOLDINGS REPORT
PCJ Investment Counsel Ltd.
Quarter ended Q2 2025 · Filed August 7, 2025 · Accession 0001426318-25-000004
Total Value
$292.8M
Positions
65
Other Managers
0
Confidential Omitted
No
Holdings (65)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BROOKFIELD BUSINESS PARTNERS | BBUC | 1,270,784 | $33.0M | 11.28% |
| 2 | CRH PLC | CRH | 192,900 | $17.7M | 6.05% |
| 3 | ENERFLEX LTD | EFXT | 1,487,680 | $11.8M | 4.01% |
| 4 | RB GLOBAL INC | RBA | 110,130 | $11.7M | 4.00% |
| 5 | ROYAL BK CDA | 780087102 | 77,970 | $10.3M | 3.51% |
| 6 | BROOKFIELD INFRAST PARTNERS | G16252101 | 262,210 | $8.8M | 3.00% |
| 7 | CAPITAL ONE FINL CORP | 14040H105 | 40,400 | $8.6M | 2.94% |
| 8 | CANADIAN NAT RES LTD | 136385101 | 267,620 | $8.4M | 2.87% |
| 9 | TORONTO DOMINION BK ONT | TORO | 112,030 | $8.2M | 2.82% |
| 10 | SHOPIFY INC | SHOP | 70,140 | $8.1M | 2.76% |
| 11 | PEMBINA PIPELINE CORP | PPLOF | 192,120 | $7.2M | 2.46% |
| 12 | BROOKFIELD CORP | 11271J107 | 110,740 | $6.9M | 2.34% |
| 13 | CANADIAN PACIFIC KANSAS CITY | CP | 80,540 | $6.4M | 2.18% |
| 14 | AMCOR PLC | AMCCF | 675,925 | $6.2M | 2.12% |
| 15 | CARVANA CO | CVNA | 16,600 | $5.6M | 1.91% |
| 16 | AERCAP HOLDINGS NV | AER | 45,590 | $5.3M | 1.82% |
| 17 | BANK MONTREAL QUE | 063671101 | 47,360 | $5.3M | 1.79% |
| 18 | NEXGEN ENERGY LTD | NXE | 746,400 | $5.2M | 1.77% |
| 19 | ENBRIDGE INC | ENNPF | 107,830 | $4.9M | 1.67% |
| 20 | DESCARTES SYS GROUP INC | 249906108 | 47,930 | $4.9M | 1.66% |
| 21 | MAG SILVER CORP | 55903Q104 | 218,680 | $4.6M | 1.59% |
| 22 | AGNICO EAGLE MINES LTD | AEM | 37,960 | $4.5M | 1.55% |
| 23 | CANADIAN NATL RY CO | 136375102 | 41,460 | $4.3M | 1.48% |
| 24 | NEW GOLD INC CDA | 644535106 | 833,660 | $4.1M | 1.42% |
| 25 | FIRST MAJESTIC SILVER CORP | AG | 499,280 | $4.1M | 1.41% |
| 26 | METHANEX CORP | MEOH | 120,230 | $4.0M | 1.36% |
| 27 | CANADIAN IMPERIAL BK COMM | CNDIF | 53,110 | $3.8M | 1.29% |
| 28 | DENISON MINES CORP | DNN | 2,049,490 | $3.7M | 1.28% |
| 29 | OR ROYALTIES INC. | OR | 143,040 | $3.7M | 1.26% |
| 30 | MANULIFE FINL CORP | 56501R106 | 114,421 | $3.7M | 1.25% |
| 31 | ENDEAVOUR SILVER CORP | EXK | 679,030 | $3.3M | 1.14% |
| 32 | IAMGOLD CORP | IAG | 434,930 | $3.2M | 1.09% |
| 33 | WELLS FARGO CO NEW | 949746101 | 40,000 | $3.2M | 1.09% |
| 34 | BANK NOVA SCOTIA HALIFAX | 064149107 | 51,100 | $2.8M | 0.97% |
| 35 | TELESAT CORP | TSAT | 113,850 | $2.8M | 0.95% |
| 36 | ORLA MNG LTD NEW | 68634K106 | 266,250 | $2.7M | 0.91% |
| 37 | EQUINOX GOLD CORP | EQX | 444,360 | $2.6M | 0.88% |
| 38 | WHEATON PRECIOUS METALS CORP | WPM | 28,430 | $2.6M | 0.87% |
| 39 | WASTE CONNECTIONS INC | WCN | 13,530 | $2.5M | 0.86% |
| 40 | SUNCOR ENERGY INC NEW | SU | 66,760 | $2.5M | 0.86% |
| 41 | FORTUNA MNG CORP | 349942102 | 368,110 | $2.4M | 0.83% |
| 42 | TC ENERGY CORP | TRPRF | 49,040 | $2.4M | 0.82% |
| 43 | SKEENA RES LTD NEW | 83056P715 | 146,060 | $2.3M | 0.79% |
| 44 | SUN LIFE FINANCIAL INC. | SUNFF | 34,290 | $2.3M | 0.78% |
| 45 | ALAMOS GOLD INC NEW | AGI | 85,740 | $2.3M | 0.78% |
| 46 | TECK RESOURCES LTD | TCKRF | 53,260 | $2.2M | 0.74% |
| 47 | TFI INTL INC | 87241L109 | 22,320 | $2.0M | 0.68% |
| 48 | KINROSS GOLD CORP | KGCRF | 125,200 | $2.0M | 0.67% |
| 49 | CAMECO CORP | CCJ | 22,950 | $1.7M | 0.58% |
| 50 | SANDSTORM GOLD LTD | 80013R206 | 174,750 | $1.6M | 0.56% |
| 51 | BURLINGTON STORES INC | BURL | 7,000 | $1.6M | 0.56% |
| 52 | THOMSON REUTERS CORP | TMSOF | 7,560 | $1.5M | 0.52% |
| 53 | FREEPORT-MCMORAN INC | FCX | 35,000 | $1.5M | 0.52% |
| 54 | LIGHTSPEED COMMERCE INC | LSPD | 126,240 | $1.5M | 0.51% |
| 55 | NUTRIEN LTD | NTR | 24,730 | $1.4M | 0.49% |
| 56 | DOCEBO INC | DCBO | 43,340 | $1.3M | 0.43% |
| 57 | CGI INC | GIB | 11,870 | $1.2M | 0.43% |
| 58 | TELUS CORPORATION | TU | 76,727 | $1.2M | 0.42% |
| 59 | CENTERRA GOLD INC | CGAU | 165,480 | $1.2M | 0.41% |
| 60 | ROGERS COMMUNICATIONS INC | RCIAF | 38,270 | $1.1M | 0.39% |
| 61 | CENOVUS ENERGY INC | CVE | 80,630 | $1.1M | 0.37% |
| 62 | PAN AMERN SILVER CORP | 697900108 | 38,470 | $1.1M | 0.37% |
| 63 | CAE INC | CAE | 34,950 | $1.0M | 0.35% |
| 64 | BARRICK MNG CORP | 06849F108 | 48,000 | $999,943 | 0.34% |
| 65 | HUDBAY MINERALS INC | HBM | 50,000 | $530,907 | 0.18% |