13F HOLDINGS REPORT
Triasima Portfolio Management inc.
Quarter ended Q3 2025 · Filed October 29, 2025 · Accession 0001938757-25-000016
Total Value
$662.6M
Positions
149
Other Managers
0
Confidential Omitted
No
Holdings (149)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ROYAL BK CDA | 780087102 | 224,679 | $33.1M | 5.00% |
| 2 | SHOPIFY INC | SHOP | 164,310 | $24.4M | 3.69% |
| 3 | KINROSS GOLD CORP | KGCRF | 814,961 | $20.2M | 3.05% |
| 4 | BROOKFIELD CORP | 11271J107 | 288,866 | $19.8M | 2.99% |
| 5 | CELESTICA INC | CLS | 75,603 | $18.6M | 2.81% |
| 6 | TORONTO DOMINION BK ONT | TORO | 228,013 | $18.2M | 2.75% |
| 7 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 228,062 | $18.2M | 2.75% |
| 8 | MICROSOFT CORP | MSFT | 27,456 | $14.2M | 2.15% |
| 9 | BROADCOM INC | AVGO | 41,349 | $13.6M | 2.06% |
| 10 | NVIDIA CORPORATION | NVDA | 71,842 | $13.4M | 2.02% |
| 11 | BANK MONTREAL QUE | 063671101 | 99,892 | $13.0M | 1.96% |
| 12 | RB GLOBAL INC | RBA | 111,450 | $12.1M | 1.82% |
| 13 | ALPHABET INC | GOOG | 48,643 | $11.8M | 1.78% |
| 14 | FORTIS INC | FTRSF | 233,001 | $11.8M | 1.78% |
| 15 | MILLICOM INTL CELLULAR S A | L6388F110 | 203,420 | $9.9M | 1.49% |
| 16 | ENBRIDGE INC | ENNPF | 194,272 | $9.8M | 1.48% |
| 17 | PAN AMERN SILVER CORP | 697900108 | 242,005 | $9.4M | 1.42% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 28,492 | $9.0M | 1.36% |
| 19 | IAMGOLD CORP | IAG | 694,050 | $9.0M | 1.35% |
| 20 | NUTRIEN LTD | NTR | 145,510 | $8.5M | 1.29% |
| 21 | WELLTOWER INC | WELL | 46,209 | $8.2M | 1.24% |
| 22 | MERCADOLIBRE INC | MELI | 3,470 | $8.1M | 1.22% |
| 23 | HUDBAY MINERALS INC | HBM | 531,833 | $8.1M | 1.22% |
| 24 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 28,634 | $8.0M | 1.21% |
| 25 | ALAMOS GOLD INC NEW | AGI | 227,734 | $7.9M | 1.20% |
| 26 | META PLATFORMS INC | META | 10,652 | $7.8M | 1.18% |
| 27 | ARES MANAGEMENT CORPORATION | ARES-PB | 48,743 | $7.8M | 1.18% |
| 28 | SPOTIFY TECHNOLOGY S A | SPOT | 10,222 | $7.1M | 1.08% |
| 29 | FERROVIAL SE | FER | 121,550 | $7.1M | 1.08% |
| 30 | BANK NOVA SCOTIA HALIFAX | 064149107 | 105,882 | $6.8M | 1.03% |
| 31 | AXON ENTERPRISE INC | AXON | 9,343 | $6.7M | 1.01% |
| 32 | IMPERIAL OIL LTD | IMO | 71,405 | $6.5M | 0.98% |
| 33 | GE VERNOVA INC | GEV | 10,400 | $6.4M | 0.97% |
| 34 | NEW GOLD INC CDA | 644535106 | 849,586 | $6.1M | 0.92% |
| 35 | UBS GROUP AG | UBS | 144,965 | $5.9M | 0.90% |
| 36 | CAE INC | CAE | 197,508 | $5.8M | 0.88% |
| 37 | AGNICO EAGLE MINES LTD | AEM | 33,355 | $5.6M | 0.85% |
| 38 | HOULIHAN LOKEY INC | HLI | 26,795 | $5.5M | 0.83% |
| 39 | GRUPO CIBEST SA | CIB | 105,617 | $5.5M | 0.83% |
| 40 | XPENG INC | XPNGF | 231,805 | $5.4M | 0.82% |
| 41 | AERCAP HOLDINGS NV | AER | 42,575 | $5.2M | 0.78% |
| 42 | TJX COS INC NEW | 872540109 | 34,464 | $5.0M | 0.75% |
| 43 | BOSTON SCIENTIFIC CORP | BSX | 48,664 | $4.8M | 0.72% |
| 44 | VISA INC | V | 13,824 | $4.7M | 0.71% |
| 45 | REPUBLIC SVCS INC | 760759100 | 20,413 | $4.7M | 0.71% |
| 46 | THOMSON REUTERS CORP | TMSOF | 29,748 | $4.6M | 0.70% |
| 47 | ALIBABA GROUP HLDG LTD | BBAAY | 25,450 | $4.5M | 0.69% |
| 48 | COSTCO WHSL CORP NEW | 22160K105 | 4,789 | $4.4M | 0.67% |
| 49 | KLA CORP | KLAC | 4,102 | $4.4M | 0.67% |
| 50 | GILEAD SCIENCES INC | GILD | 39,111 | $4.3M | 0.66% |
| 51 | C H ROBINSON WORLDWIDE INC | CHRW | 32,645 | $4.3M | 0.65% |
| 52 | BARCLAYS PLC | BCLYF | 203,595 | $4.2M | 0.64% |
| 53 | OREILLY AUTOMOTIVE INC | 67103H107 | 38,965 | $4.2M | 0.63% |
| 54 | GOLDMAN SACHS GROUP INC | GSCE | 5,238 | $4.2M | 0.63% |
| 55 | BRP INC | DOO | 67,635 | $4.1M | 0.62% |
| 56 | CISCO SYS INC | CSCO | 59,498 | $4.1M | 0.61% |
| 57 | STANTEC INC | STN | 37,299 | $4.0M | 0.61% |
| 58 | VANGUARD INDEX FDS | 922908363 | 6,343 | $3.9M | 0.59% |
| 59 | ARISTA NETWORKS INC | ANET | 26,500 | $3.9M | 0.58% |
| 60 | CLOUDFLARE INC | NET | 17,227 | $3.7M | 0.56% |
| 61 | AMAZON COM INC | AMZN | 16,726 | $3.7M | 0.55% |
| 62 | ABBOTT LABS | ABLZF | 26,875 | $3.6M | 0.54% |
| 63 | FERRARI N V | RACE | 7,290 | $3.5M | 0.53% |
| 64 | MAGNA INTL INC | 559222401 | 74,050 | $3.5M | 0.53% |
| 65 | MCKESSON CORP | MCK | 4,429 | $3.4M | 0.52% |
| 66 | CAMECO CORP | CCJ | 39,700 | $3.3M | 0.50% |
| 67 | SERVICETITAN INC | TTAN | 32,737 | $3.3M | 0.50% |
| 68 | EZCORP INC | EZPW | 171,985 | $3.3M | 0.49% |
| 69 | WHEATON PRECIOUS METALS CORP | WPM | 28,605 | $3.2M | 0.48% |
| 70 | SOUTH BOW CORP | SOBO | 112,585 | $3.2M | 0.48% |
| 71 | EVERCORE INC | EVR | 9,428 | $3.2M | 0.48% |
| 72 | PALO ALTO NETWORKS INC | PANW | 15,582 | $3.2M | 0.48% |
| 73 | TOAST INC | TOST | 86,727 | $3.2M | 0.48% |
| 74 | ROCKET COS INC | 77311W101 | 157,270 | $3.0M | 0.46% |
| 75 | ABBVIE INC | ABBV | 12,090 | $2.8M | 0.42% |
| 76 | ROLLINS INC | ROL | 47,465 | $2.8M | 0.42% |
| 77 | CENOVUS ENERGY INC | CVE | 162,775 | $2.8M | 0.42% |
| 78 | MONOLITHIC PWR SYS INC | 609839105 | 2,930 | $2.7M | 0.41% |
| 79 | MEDTRONIC PLC | MDT | 28,246 | $2.7M | 0.41% |
| 80 | ECOLAB INC | ECL | 9,687 | $2.7M | 0.40% |
| 81 | LENNAR CORP | LEN-B | 20,550 | $2.6M | 0.39% |
| 82 | ADVANCED MICRO DEVICES INC | AMD | 15,595 | $2.5M | 0.38% |
| 83 | NU HLDGS LTD | NU | 156,444 | $2.5M | 0.38% |
| 84 | FIFTH THIRD BANCORP | FITBM | 55,075 | $2.5M | 0.37% |
| 85 | PARKER-HANNIFIN CORP | PH | 3,233 | $2.5M | 0.37% |
| 86 | TKO GROUP HOLDINGS INC | TKO | 11,993 | $2.4M | 0.37% |
| 87 | COMFORT SYS USA INC | 199908104 | 2,899 | $2.4M | 0.36% |
| 88 | BANCO DE CHILE | 059520106 | 77,380 | $2.3M | 0.35% |
| 89 | ORLA MNG LTD NEW | 68634K106 | 213,489 | $2.3M | 0.35% |
| 90 | VIZSLA SILVER CORP | VZLA | 526,573 | $2.3M | 0.34% |
| 91 | NOVARTIS AG | NVSEF | 17,555 | $2.3M | 0.34% |
| 92 | PITNEY BOWES INC | PBI-PB | 194,340 | $2.2M | 0.33% |
| 93 | ZILLOW GROUP INC | Z | 28,605 | $2.2M | 0.33% |
| 94 | HUBSPOT INC | HUBS | 4,445 | $2.1M | 0.31% |
| 95 | GRUPO AEROPUERTO DEL PACIFIC | 400506101 | 8,670 | $2.1M | 0.31% |
| 96 | UBER TECHNOLOGIES INC | UBER | 20,278 | $2.0M | 0.30% |
| 97 | STRYKER CORPORATION | SYK | 4,830 | $1.8M | 0.27% |
| 98 | ARIS MNG CORP | 04040Y109 | 177,659 | $1.7M | 0.26% |
| 99 | BROOKFIELD WEALTH SOL LTD | BNT | 25,142 | $1.7M | 0.26% |
| 100 | TELUS CORPORATION | TU | 100,035 | $1.6M | 0.24% |
| 101 | AUTOZONE INC | AZO | 367 | $1.6M | 0.24% |
| 102 | DENISON MINES CORP | DNN | 566,320 | $1.6M | 0.24% |
| 103 | ISHARES TR | 464287465 | 16,638 | $1.6M | 0.23% |
| 104 | UNITED RENTALS INC | URI | 1,532 | $1.5M | 0.22% |
| 105 | MARVELL TECHNOLOGY INC | MRVL | 16,966 | $1.4M | 0.22% |
| 106 | AMPHENOL CORP NEW | 032095101 | 11,378 | $1.4M | 0.21% |
| 107 | MASTERCARD INCORPORATED | MA | 2,460 | $1.4M | 0.21% |
| 108 | ROGERS COMMUNICATIONS INC | RCIAF | 34,485 | $1.2M | 0.18% |
| 109 | CONSTELLATION ENERGY CORP | CEG | 3,607 | $1.2M | 0.18% |
| 110 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 4,284 | $1.1M | 0.17% |
| 111 | CANADIAN NAT RES LTD | 136385101 | 34,554 | $1.1M | 0.17% |
| 112 | ALGONQUIN PWR UTILS CORP | 015857105 | 198,965 | $1.1M | 0.16% |
| 113 | VEEVA SYS INC | VEEV | 3,572 | $1.1M | 0.16% |
| 114 | CENCORA INC | COR | 3,361 | $1.1M | 0.16% |
| 115 | CINTAS CORP | CTAS | 4,501 | $923,875 | 0.14% |
| 116 | PERFORMANCE FOOD GROUP CO | PFGC | 8,806 | $916,176 | 0.14% |
| 117 | MOSAIC CO NEW | MOS | 25,235 | $875,149 | 0.13% |
| 118 | ALPHABET INC | GOOG | 3,536 | $861,192 | 0.13% |
| 119 | RELX PLC | RLXXF | 17,545 | $837,949 | 0.13% |
| 120 | WALMART INC | WMT | 7,045 | $726,057 | 0.11% |
| 121 | POWELL INDS INC | 739128106 | 2,260 | $688,870 | 0.10% |
| 122 | CME GROUP INC | CME | 2,473 | $668,179 | 0.10% |
| 123 | WELLS FARGO CO NEW | 949746101 | 7,480 | $626,973 | 0.09% |
| 124 | CANADIAN PACIFIC KANSAS CITY | CP | 7,340 | $546,780 | 0.08% |
| 125 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 9,274 | $527,886 | 0.08% |
| 126 | NICOLET BANKSHARES INC | NIC | 3,765 | $506,392 | 0.08% |
| 127 | CURTISS WRIGHT CORP | CW | 865 | $469,643 | 0.07% |
| 128 | MONDAY COM LTD | MNDY | 2,303 | $446,068 | 0.07% |
| 129 | QXO INC | QXO-PB | 23,056 | $439,447 | 0.07% |
| 130 | VNET GROUP INC | VNET | 39,525 | $408,293 | 0.06% |
| 131 | MANULIFE FINL CORP | 56501R106 | 12,293 | $383,085 | 0.06% |
| 132 | FRANCO NEV CORP | FNV | 1,683 | $374,689 | 0.06% |
| 133 | KROGER CO | KR | 5,167 | $348,307 | 0.05% |
| 134 | COLLIERS INTL GROUP INC | 194693107 | 2,160 | $337,893 | 0.05% |
| 135 | TECHNIPFMC PLC | FTI | 8,340 | $329,013 | 0.05% |
| 136 | DEERE & CO | DE | 665 | $304,077 | 0.05% |
| 137 | SSR MINING IN | SSRGF | 11,700 | $285,730 | 0.04% |
| 138 | CENTRUS ENERGY CORP | LEU | 895 | $277,512 | 0.04% |
| 139 | BWX TECHNOLOGIES INC | BWXT | 1,498 | $276,186 | 0.04% |
| 140 | VERISIGN INC | VRSN | 946 | $264,473 | 0.04% |
| 141 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,480 | $249,350 | 0.04% |
| 142 | APPLE INC | AAPL | 970 | $246,991 | 0.04% |
| 143 | WISDOMTREE TR | WT | 3,970 | $226,687 | 0.03% |
| 144 | CYBERARK SOFTWARE LTD | M2682V108 | 467 | $225,631 | 0.03% |
| 145 | SUNCOR ENERGY INC NEW | SU | 5,142 | $215,229 | 0.03% |
| 146 | CITIZENS FINL GROUP INC | CIA | 3,874 | $205,941 | 0.03% |
| 147 | HAWKINS INC | HWKN | 1,115 | $203,732 | 0.03% |
| 148 | JAPAN SMALLER CAPITALIZATION | JOF | 15,800 | $166,532 | 0.03% |
| 149 | DLOCAL LTD | DLO | 11,590 | $165,505 | 0.02% |