13F HOLDINGS REPORT
Triasima Portfolio Management inc.
Quarter ended Q4 2023 · Filed November 14, 2023 · Accession 0001938757-23-000030
Total Value
$1.09B
Positions
127
Other Managers
0
Confidential Omitted
No
Holdings (127)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Royal Bank of Canada | 780087102 | 933,896 | $82.0M | 7.52% |
| 2 | Toronto-Dominion Bank | TORO | 1,040,281 | $63.0M | 5.78% |
| 3 | Canadian Natural Resources Ltd | 136385101 | 805,222 | $52.3M | 4.80% |
| 4 | Shopify Inc. | SHOP | 900,745 | $49.4M | 4.53% |
| 5 | Canadian Pacific Kansas City Limited | CP | 654,741 | $48.9M | 4.49% |
| 6 | Cameco Corp. | CCJ | 1,017,855 | $40.6M | 3.72% |
| 7 | Teck Resources Ltd | TCKRF | 802,897 | $34.7M | 3.19% |
| 8 | Bank of Montreal | 063671101 | 409,136 | $34.7M | 3.18% |
| 9 | Bank of Nova Scotia | 064149107 | 741,525 | $33.4M | 3.06% |
| 10 | Sun Life Financial Inc. | SUNFF | 676,600 | $33.2M | 3.04% |
| 11 | Stantec Inc. | STN | 436,248 | $28.4M | 2.61% |
| 12 | Waste Connections Inc. | WCN | 198,932 | $26.8M | 2.46% |
| 13 | Alamos Gold Inc. | AGI | 2,366,380 | $26.8M | 2.46% |
| 14 | FirstService Corp. | FSV | 177,705 | $26.0M | 2.38% |
| 15 | ATS Corp. | ATS | 570,080 | $24.4M | 2.24% |
| 16 | Cenovus Energy Inc. | CVE | 1,070,000 | $22.4M | 2.05% |
| 17 | Imperial Oil Ltd | IMO | 356,633 | $22.1M | 2.02% |
| 18 | Brookfield Asset Mgmt Ltd. Cl A | 113004105 | 634,427 | $21.2M | 1.95% |
| 19 | CGI Inc. | GIB | 212,270 | $21.0M | 1.93% |
| 20 | Open Text Corp. | OTEX | 582,580 | $20.5M | 1.88% |
| 21 | Agnico Eagle Mines Ltd | AEM | 411,960 | $18.8M | 1.73% |
| 22 | Fortis Inc. | FTRSF | 465,915 | $17.8M | 1.63% |
| 23 | Thomson Reuters Corporation | TMSOF | 140,804 | $17.3M | 1.59% |
| 24 | Restaurant Brands Intl Inc. | 76131D103 | 255,055 | $17.1M | 1.57% |
| 25 | Nutrien Ltd | NTR | 269,252 | $16.7M | 1.53% |
| 26 | Brookfield Corporation | 11271J107 | 489,084 | $15.4M | 1.41% |
| 27 | Magna International Inc. | 559222401 | 259,510 | $14.0M | 1.28% |
| 28 | Franco-Nevada Corp. | FNV | 102,800 | $13.8M | 1.27% |
| 29 | Rogers Communications Inc. | RCIAF | 300,975 | $11.6M | 1.07% |
| 30 | Kinross Gold Corp. | KGCRF | 2,322,000 | $10.6M | 0.98% |
| 31 | North American Construction Grp Ltd | 656811106 | 404,725 | $8.8M | 0.81% |
| 32 | Eli Lilly & Co. | LLY | 14,471 | $7.8M | 0.71% |
| 33 | Kinsale Capital Group Inc. | 49714P108 | 15,995 | $6.6M | 0.61% |
| 34 | GFL Environmental Inc. | GFL | 203,330 | $6.5M | 0.60% |
| 35 | Novo Nordisk A/S ADR | NONOF | 68,444 | $6.2M | 0.57% |
| 36 | Nvidia Corp. | NVDA | 13,991 | $6.1M | 0.56% |
| 37 | Ferrari NV | RACE | 20,313 | $6.0M | 0.55% |
| 38 | Hubbell Incorporated | HUBB | 18,300 | $5.7M | 0.53% |
| 39 | Arista Networks Inc. | ANET | 29,211 | $5.4M | 0.49% |
| 40 | Transalta Corp. | TACPF | 601,393 | $5.3M | 0.48% |
| 41 | Microsoft Corp. | MSFT | 16,606 | $5.2M | 0.48% |
| 42 | Ares Management Corporation | ARES-PB | 50,940 | $5.2M | 0.48% |
| 43 | Vertex Pharmaceuticals Inc. | VRTX | 15,032 | $5.2M | 0.48% |
| 44 | TC Energy Corporation | TRPRF | 150,700 | $5.2M | 0.48% |
| 45 | Fomento Economico Mexicano Sab De Cv | 344419106 | 46,620 | $5.1M | 0.47% |
| 46 | Marsh & Mclennan Cos Inc. | 571748102 | 25,665 | $4.9M | 0.45% |
| 47 | Mckesson Corp | MCK | 11,116 | $4.8M | 0.44% |
| 48 | Orla Mining Ltd | 68634K106 | 1,282,763 | $4.6M | 0.42% |
| 49 | Cencora Inc. | COR | 23,003 | $4.1M | 0.38% |
| 50 | Vanguard S&P 500 ETF | 922908363 | 10,525 | $4.1M | 0.38% |
| 51 | Super Micro Computer Inc. | SMCI | 14,895 | $4.1M | 0.37% |
| 52 | CAE Inc. | CAE | 172,075 | $4.0M | 0.37% |
| 53 | Badger Meter Inc. | BMI | 27,825 | $4.0M | 0.37% |
| 54 | Roper Technologies Inc. | ROP | 7,925 | $3.8M | 0.35% |
| 55 | Alphabet Inc. Cl. A | GOOG | 28,770 | $3.8M | 0.35% |
| 56 | Eaton Corp. | ETN | 17,200 | $3.7M | 0.34% |
| 57 | Wheaton Precious Metals Corp. | WPM | 86,945 | $3.5M | 0.33% |
| 58 | JPMorgan Chase & Co. | VYLD | 24,408 | $3.5M | 0.32% |
| 59 | Unum Group | UNMA | 68,265 | $3.4M | 0.31% |
| 60 | Visa Inc. | V | 11,889 | $2.7M | 0.25% |
| 61 | Tjx Cos Inc, The | 872540109 | 30,535 | $2.7M | 0.25% |
| 62 | Viemed Healthcare Inc. | VMD | 397,097 | $2.7M | 0.25% |
| 63 | Green Brick Partners Inc. | GRBK-PA | 63,385 | $2.6M | 0.24% |
| 64 | Cboe Global Markets Inc. | 12503M108 | 15,920 | $2.5M | 0.23% |
| 65 | Martin Marietta Materials Inc. | 573284106 | 6,040 | $2.5M | 0.23% |
| 66 | Aflac Inc. | AFL | 31,860 | $2.4M | 0.22% |
| 67 | Docebo Inc. | DCBO | 56,151 | $2.3M | 0.21% |
| 68 | Palo Alto Networks Inc. | PANW | 9,654 | $2.3M | 0.21% |
| 69 | B2Gold Corp. | BTG | 768,531 | $2.2M | 0.20% |
| 70 | BRP Inc. | DOO | 29,127 | $2.2M | 0.20% |
| 71 | Gartner Inc. | IT | 6,362 | $2.2M | 0.20% |
| 72 | Osisko Gold Royalties Ltd | 68827L101 | 177,707 | $2.1M | 0.19% |
| 73 | Synopsys Inc. | SNPS | 4,326 | $2.0M | 0.18% |
| 74 | Republic Services Inc. | 760759100 | 13,910 | $2.0M | 0.18% |
| 75 | Winmark Corporation | WINA | 5,280 | $2.0M | 0.18% |
| 76 | nVent Electric Plc | NVT | 35,645 | $1.9M | 0.17% |
| 77 | Novartis Ag | NVSEF | 17,335 | $1.8M | 0.16% |
| 78 | Equinix Inc. | EQIX | 2,376 | $1.7M | 0.16% |
| 79 | iShares MSCI EAFE ETF | 464287465 | 24,380 | $1.7M | 0.15% |
| 80 | Axon Enterprise Inc. | AXON | 8,424 | $1.7M | 0.15% |
| 81 | ASML Holding NV ADR | ASMLF | 2,828 | $1.7M | 0.15% |
| 82 | Autozone Inc. | AZO | 651 | $1.7M | 0.15% |
| 83 | Costco Wholesale Corp. | 22160K105 | 2,907 | $1.6M | 0.15% |
| 84 | Marathon Petroleum Corp | MARA | 10,222 | $1.5M | 0.14% |
| 85 | Kla-Tencor Corp | KLAC | 3,351 | $1.5M | 0.14% |
| 86 | Valero Energy Corp | VLO | 10,600 | $1.5M | 0.14% |
| 87 | Nexgen Energy Ltd | NXE | 245,182 | $1.5M | 0.14% |
| 88 | Motorola Solutions Inc. | MSI | 5,146 | $1.4M | 0.13% |
| 89 | Sigma Lithium Corporation | SGML | 37,645 | $1.2M | 0.11% |
| 90 | Microchip Technology Inc. | MCHPP | 15,205 | $1.2M | 0.11% |
| 91 | Triple Flag Precious Metals Co | TFPM | 80,019 | $1.1M | 0.10% |
| 92 | RB Global Inc. | RBA | 15,420 | $969,908 | 0.09% |
| 93 | Banco De Chile ADR | 059520106 | 44,800 | $904,960 | 0.08% |
| 94 | Dollar Tree Inc. | DLTR | 8,150 | $867,567 | 0.08% |
| 95 | Murphy USA Inc. | MUSA | 2,055 | $702,255 | 0.06% |
| 96 | Apple Inc. | AAPL | 4,100 | $701,961 | 0.06% |
| 97 | TELUS Corporation | TU | 40,957 | $671,912 | 0.06% |
| 98 | Intuit Inc. | INTU | 1,234 | $630,499 | 0.06% |
| 99 | Grupo Aeroportuario Pac-Adr | 400506101 | 3,829 | $629,372 | 0.06% |
| 100 | Enbridge Inc. | ENNPF | 17,920 | $597,112 | 0.05% |
| 101 | Heico Corp | HEI-A | 3,370 | $545,704 | 0.05% |
| 102 | Cintas Corp. | CTAS | 1,132 | $544,503 | 0.05% |
| 103 | TKO Group Holdings Inc. | TKO | 6,265 | $526,635 | 0.05% |
| 104 | Haemonetics Corp/Mass | HAE | 5,665 | $507,470 | 0.05% |
| 105 | Encore Wire Corp. | ECR | 2,745 | $500,852 | 0.05% |
| 106 | Ww Grainger Inc. | 384802104 | 687 | $475,294 | 0.04% |
| 107 | Reinsurance Group Of America Inc. | 759351604 | 3,100 | $450,089 | 0.04% |
| 108 | Hyatt Hotels Corp | H | 4,200 | $445,536 | 0.04% |
| 109 | Harmonic Inc. | HLIT | 45,875 | $441,776 | 0.04% |
| 110 | Noble Corp Plc | NE-WT | 8,569 | $434,019 | 0.04% |
| 111 | Mastercard Inc. | MA | 1,034 | $409,370 | 0.04% |
| 112 | Teekay Tank Ltd Class A | TNK | 9,800 | $407,974 | 0.04% |
| 113 | Transdigm Group Inc. | TDG | 475 | $400,486 | 0.04% |
| 114 | M.D.C. Holdings | 552676108 | 8,105 | $334,169 | 0.03% |
| 115 | Lattice Semiconductor Corporation | LSCC | 3,754 | $322,581 | 0.03% |
| 116 | Casella Waste Systems Inc. | CWST | 4,200 | $320,460 | 0.03% |
| 117 | Booz Allen Hamilton Holding Corporation | BAH | 2,690 | $293,936 | 0.03% |
| 118 | Ecolab Inc. | ECL | 1,705 | $288,827 | 0.03% |
| 119 | Merck & Co Inc. | MRK | 2,715 | $279,509 | 0.03% |
| 120 | Arthur J Gallagher & Co | 363576109 | 1,210 | $275,795 | 0.03% |
| 121 | Shell PLC | RYDAF | 4,005 | $257,841 | 0.02% |
| 122 | Iron Mountain Inc. | 46284V101 | 4,200 | $249,690 | 0.02% |
| 123 | Cemex Sab De Cv | CXMSF | 38,085 | $247,552 | 0.02% |
| 124 | McDonald's Corp | MCD | 842 | $221,816 | 0.02% |
| 125 | Galiano Gold Inc. | GAU | 330,000 | $197,707 | 0.02% |
| 126 | Japan Smaller Capitalization Fund Inc. | JOF | 23,700 | $168,507 | 0.02% |
| 127 | Bitfarms Ltd | BITF | 12,000 | $12,958 | 0.00% |