13F HOLDINGS REPORT
PCJ Investment Counsel Ltd.
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001426318-25-000007
Total Value
$359.5M
Positions
64
Other Managers
0
Confidential Omitted
No
Holdings (64)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BROOKFIELD BUSINESS PARTNERS | BBUC | 1,338,079 | $43.8M | 12.18% |
| 2 | CRH PLC | CRH | 182,900 | $21.9M | 6.10% |
| 3 | BROOKFIELD CORP | 11271J107 | 232,780 | $16.0M | 4.44% |
| 4 | CAE INC | CAE | 533,740 | $15.8M | 4.40% |
| 5 | ENERFLEX LTD | EFXT | 1,167,110 | $12.6M | 3.50% |
| 6 | ROYAL BK CDA | 780087102 | 79,960 | $11.8M | 3.28% |
| 7 | SHOPIFY INC | SHOP | 68,190 | $10.1M | 2.82% |
| 8 | CAPITAL ONE FINL CORP | 14040H105 | 45,550 | $9.7M | 2.69% |
| 9 | IAMGOLD CORP | IAG | 747,070 | $9.6M | 2.68% |
| 10 | CARVANA CO | CVNA | 24,300 | $9.2M | 2.55% |
| 11 | RB GLOBAL INC | RBA | 80,160 | $8.7M | 2.42% |
| 12 | TORONTO DOMINION BK ONT | TORO | 100,760 | $8.1M | 2.24% |
| 13 | EQUINOX GOLD CORP | EQX | 668,230 | $7.5M | 2.08% |
| 14 | PAN AMERN SILVER CORP | 697900108 | 186,568 | $7.2M | 2.01% |
| 15 | CENOVUS ENERGY INC | CVE | 413,600 | $7.0M | 1.95% |
| 16 | AMCOR PLC | AMCCF | 788,145 | $6.4M | 1.79% |
| 17 | BANK MONTREAL QUE | 063671101 | 47,570 | $6.2M | 1.72% |
| 18 | AGNICO EAGLE MINES LTD | AEM | 34,360 | $5.8M | 1.61% |
| 19 | DENISON MINES CORP | DNN | 2,045,310 | $5.6M | 1.57% |
| 20 | BROOKFIELD INFRAST PARTNERS | G16252101 | 169,100 | $5.6M | 1.55% |
| 21 | SANDSTORM GOLD LTD | 80013R206 | 427,350 | $5.3M | 1.49% |
| 22 | ENBRIDGE INC | ENNPF | 105,550 | $5.3M | 1.48% |
| 23 | ENDEAVOUR SILVER CORP | EXK | 677,220 | $5.3M | 1.48% |
| 24 | PEMBINA PIPELINE CORP | PPLOF | 127,780 | $5.2M | 1.44% |
| 25 | METHANEX CORP | MEOH | 117,730 | $4.7M | 1.30% |
| 26 | NEXGEN ENERGY LTD | NXE | 520,200 | $4.7M | 1.30% |
| 27 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 57,120 | $4.6M | 1.27% |
| 28 | DESCARTES SYS GROUP INC | 249906108 | 48,080 | $4.5M | 1.26% |
| 29 | FIRST MAJESTIC SILVER CORP | AG | 363,780 | $4.5M | 1.24% |
| 30 | BANK NOVA SCOTIA HALIFAX | 064149107 | 68,630 | $4.4M | 1.23% |
| 31 | NEW GOLD INC CDA | 644535106 | 585,660 | $4.2M | 1.17% |
| 32 | CANADIAN NAT RES LTD | 136385101 | 115,810 | $3.7M | 1.03% |
| 33 | CANADIAN PACIFIC KANSAS CITY | CP | 49,580 | $3.7M | 1.03% |
| 34 | FORTUNA MNG CORP | 349942102 | 391,730 | $3.5M | 0.98% |
| 35 | KINROSS GOLD CORP | KGCRF | 138,270 | $3.4M | 0.95% |
| 36 | OR ROYALTIES INC. | OR | 84,900 | $3.4M | 0.95% |
| 37 | GILDAN ACTIVEWEAR INC | GIL | 56,970 | $3.3M | 0.92% |
| 38 | MANULIFE FINL CORP | 56501R106 | 103,341 | $3.2M | 0.90% |
| 39 | WHEATON PRECIOUS METALS CORP | WPM | 28,400 | $3.2M | 0.88% |
| 40 | TASEKO MINES LTD | TGB | 726,660 | $3.1M | 0.86% |
| 41 | SUNCOR ENERGY INC NEW | SU | 72,870 | $3.0M | 0.85% |
| 42 | CITIGROUP INC | C-PR | 29,870 | $3.0M | 0.84% |
| 43 | TELESAT CORP | TSAT | 112,180 | $2.9M | 0.81% |
| 44 | BARRICK MNG CORP | 06849F108 | 87,170 | $2.9M | 0.80% |
| 45 | STANTEC INC | STN | 25,000 | $2.7M | 0.75% |
| 46 | SKEENA RES LTD NEW | 83056P715 | 145,880 | $2.7M | 0.75% |
| 47 | BUILDERS FIRSTSOURCE INC | BLDR | 22,130 | $2.7M | 0.75% |
| 48 | ORLA MNG LTD NEW | 68634K106 | 248,560 | $2.7M | 0.75% |
| 49 | VIZSLA SILVER CORP | VZLA | 566,740 | $2.4M | 0.68% |
| 50 | CANADIAN NATL RY CO | 136375102 | 24,990 | $2.4M | 0.66% |
| 51 | WASTE CONNECTIONS INC | WCN | 12,670 | $2.2M | 0.62% |
| 52 | CAMECO CORP | CCJ | 20,890 | $1.8M | 0.49% |
| 53 | NUTRIEN LTD | NTR | 28,100 | $1.6M | 0.46% |
| 54 | TECK RESOURCES LTD | TCKRF | 36,630 | $1.6M | 0.45% |
| 55 | CENTERRA GOLD INC | CGAU | 149,520 | $1.6M | 0.45% |
| 56 | AMERICAS GOLD AND SILVER COR | 03062D803 | 425,000 | $1.6M | 0.44% |
| 57 | CELESTICA INC | CLS | 6,280 | $1.5M | 0.43% |
| 58 | SUN LIFE FINANCIAL INC. | SUNFF | 25,730 | $1.5M | 0.43% |
| 59 | LIGHTSPEED COMMERCE INC | LSPD | 126,020 | $1.5M | 0.40% |
| 60 | ROGERS COMMUNICATIONS INC | RCIAF | 38,030 | $1.3M | 0.36% |
| 61 | THOMSON REUTERS CORP | TMSOF | 8,016 | $1.2M | 0.35% |
| 62 | DOCEBO INC | DCBO | 43,280 | $1.2M | 0.33% |
| 63 | AERCAP HOLDINGS NV | AER | 7,590 | $918,390 | 0.26% |
| 64 | ERO COPPER CORP | ERO | 34,340 | $695,430 | 0.19% |