13F HOLDINGS REPORT
Triasima Portfolio Management inc.
Quarter ended Q4 2025 · Filed February 2, 2026 · Accession 0001938757-26-000002
Total Value
$667.7M
Positions
143
Other Managers
0
Confidential Omitted
No
Holdings (143)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ROYAL BK CDA | 780087102 | 240,459 | $41.0M | 6.15% |
| 2 | SHOPIFY INC | SHOP | 182,338 | $29.4M | 4.40% |
| 3 | TORONTO DOMINION BK ONT | TORO | 251,170 | $23.7M | 3.55% |
| 4 | KINROSS GOLD CORP | KGCRF | 774,257 | $21.8M | 3.27% |
| 5 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 222,689 | $20.2M | 3.03% |
| 6 | BROOKFIELD CORP | 11271J107 | 397,781 | $18.3M | 2.74% |
| 7 | BANK MONTREAL QUE | 063671101 | 116,166 | $15.1M | 2.26% |
| 8 | ALPHABET INC | GOOG | 46,316 | $14.5M | 2.17% |
| 9 | MICROSOFT CORP | MSFT | 28,571 | $13.8M | 2.07% |
| 10 | BROADCOM INC | AVGO | 39,804 | $13.8M | 2.06% |
| 11 | NVIDIA CORPORATION | NVDA | 70,698 | $13.2M | 1.97% |
| 12 | PAN AMERN SILVER CORP | 697900108 | 252,950 | $13.1M | 1.97% |
| 13 | FORTIS INC | FTRSF | 250,091 | $13.0M | 1.95% |
| 14 | CELESTICA INC | CLS | 39,906 | $11.8M | 1.77% |
| 15 | HUDBAY MINERALS INC | HBM | 584,968 | $11.6M | 1.74% |
| 16 | MILLICOM INTL CELLULAR S A | L6388F110 | 203,420 | $11.3M | 1.69% |
| 17 | ENBRIDGE INC | ENNPF | 230,209 | $11.0M | 1.65% |
| 18 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 36,210 | $11.0M | 1.65% |
| 19 | TJX COS INC NEW | 872540109 | 69,679 | $10.7M | 1.60% |
| 20 | IAMGOLD CORP | IAG | 620,937 | $10.3M | 1.54% |
| 21 | JPMORGAN CHASE & CO. | VYLD | 31,715 | $10.2M | 1.53% |
| 22 | CAMECO CORP | CCJ | 106,764 | $9.8M | 1.47% |
| 23 | BANK NOVA SCOTIA HALIFAX | 064149107 | 129,807 | $9.6M | 1.44% |
| 24 | GRUPO CIBEST SA | CIB | 139,897 | $8.9M | 1.33% |
| 25 | WELLTOWER INC | WELL | 44,659 | $8.3M | 1.24% |
| 26 | FERROVIAL SE | FER | 127,492 | $8.2M | 1.23% |
| 27 | CENOVUS ENERGY INC | CVE | 455,557 | $7.7M | 1.16% |
| 28 | ALIBABA GROUP HLDG LTD | BBAAY | 51,635 | $7.6M | 1.13% |
| 29 | IMPERIAL OIL LTD | IMO | 83,975 | $7.3M | 1.09% |
| 30 | NOVARTIS AG | NVSEF | 50,175 | $6.9M | 1.04% |
| 31 | UBS GROUP AG | UBS | 144,355 | $6.7M | 1.00% |
| 32 | ELI LILLY & CO | LLY | 5,970 | $6.4M | 0.96% |
| 33 | GOLDMAN SACHS GROUP INC | GSCE | 7,287 | $6.4M | 0.96% |
| 34 | MEDTRONIC PLC | MDT | 66,596 | $6.4M | 0.96% |
| 35 | AERCAP HOLDINGS NV | AER | 43,260 | $6.2M | 0.93% |
| 36 | GE VERNOVA INC | GEV | 9,500 | $6.2M | 0.93% |
| 37 | ALAMOS GOLD INC NEW | AGI | 156,458 | $6.0M | 0.91% |
| 38 | GILEAD SCIENCES INC | GILD | 47,187 | $5.8M | 0.87% |
| 39 | BRP INC | DOO | 78,399 | $5.6M | 0.83% |
| 40 | MAGNA INTL INC | 559222401 | 102,740 | $5.5M | 0.82% |
| 41 | BARCLAYS PLC | BCLYF | 202,505 | $5.2M | 0.77% |
| 42 | C H ROBINSON WORLDWIDE INC | CHRW | 31,305 | $5.0M | 0.75% |
| 43 | APPLE INC | AAPL | 18,451 | $5.0M | 0.75% |
| 44 | META PLATFORMS INC | META | 7,558 | $5.0M | 0.75% |
| 45 | KLA CORP | KLAC | 3,967 | $4.8M | 0.72% |
| 46 | EVERCORE INC | EVR | 13,096 | $4.5M | 0.67% |
| 47 | MCKESSON CORP | MCK | 5,396 | $4.4M | 0.66% |
| 48 | LAM RESEARCH CORP | LRCX | 25,753 | $4.4M | 0.66% |
| 49 | GILDAN ACTIVEWEAR INC | GIL | 69,550 | $4.4M | 0.65% |
| 50 | CISCO SYS INC | CSCO | 56,301 | $4.3M | 0.65% |
| 51 | FIRST SOLAR INC | FSLR | 16,188 | $4.2M | 0.63% |
| 52 | VANGUARD INDEX FDS | 922908363 | 6,387 | $4.0M | 0.60% |
| 53 | ROCKET COS INC | 77311W101 | 200,680 | $3.9M | 0.58% |
| 54 | ARISTA NETWORKS INC | ANET | 29,385 | $3.9M | 0.58% |
| 55 | COMFORT SYS USA INC | 199908104 | 4,119 | $3.8M | 0.58% |
| 56 | CANADIAN NATL RY CO | 136375102 | 38,800 | $3.8M | 0.58% |
| 57 | AGNICO EAGLE MINES LTD | AEM | 21,195 | $3.6M | 0.54% |
| 58 | ROGERS COMMUNICATIONS INC | RCIAF | 95,215 | $3.6M | 0.54% |
| 59 | MONOLITHIC PWR SYS INC | 609839105 | 3,697 | $3.4M | 0.50% |
| 60 | EZCORP INC | EZPW | 170,710 | $3.3M | 0.50% |
| 61 | SOUTH BOW CORP | SOBO | 118,400 | $3.3M | 0.49% |
| 62 | ADVANCED MICRO DEVICES INC | AMD | 14,220 | $3.0M | 0.46% |
| 63 | NEXTPOWER INC | NXT | 34,396 | $3.0M | 0.45% |
| 64 | BANCO DE CHILE | 059520106 | 77,835 | $3.0M | 0.44% |
| 65 | ARIS MNG CORP | 04040Y109 | 180,520 | $2.9M | 0.44% |
| 66 | ORLA MNG LTD NEW | 68634K106 | 213,736 | $2.9M | 0.43% |
| 67 | VIZSLA SILVER CORP | VZLA | 520,768 | $2.9M | 0.43% |
| 68 | ROLLINS INC | ROL | 47,405 | $2.8M | 0.43% |
| 69 | ABBVIE INC | ABBV | 12,221 | $2.8M | 0.42% |
| 70 | NU HLDGS LTD | NU | 163,386 | $2.7M | 0.41% |
| 71 | PARKER-HANNIFIN CORP | PH | 3,098 | $2.7M | 0.41% |
| 72 | SUNCOR ENERGY INC NEW | SU | 61,062 | $2.7M | 0.41% |
| 73 | TKO GROUP HOLDINGS INC | TKO | 12,668 | $2.6M | 0.40% |
| 74 | XPENG INC | XPNGF | 124,865 | $2.5M | 0.38% |
| 75 | PALO ALTO NETWORKS INC | PANW | 13,526 | $2.5M | 0.37% |
| 76 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 38,425 | $2.5M | 0.37% |
| 77 | CLOUDFLARE INC | NET | 12,052 | $2.4M | 0.36% |
| 78 | INTEL CORP | INTC | 63,050 | $2.3M | 0.35% |
| 79 | ALBEMARLE CORP | ALB-PA | 16,325 | $2.3M | 0.35% |
| 80 | QUANTA SVCS INC | 74762E102 | 5,453 | $2.3M | 0.34% |
| 81 | GRUPO AEROPUERTO DEL PACIFIC | 400506101 | 8,670 | $2.3M | 0.34% |
| 82 | ENERFLEX LTD | EFXT | 138,270 | $2.1M | 0.32% |
| 83 | ECOLAB INC | ECL | 7,716 | $2.0M | 0.30% |
| 84 | EXELON CORP | EXC | 46,360 | $2.0M | 0.30% |
| 85 | WHEATON PRECIOUS METALS CORP | WPM | 16,900 | $2.0M | 0.30% |
| 86 | DENISON MINES CORP | DNN | 719,434 | $1.9M | 0.29% |
| 87 | BROOKFIELD WEALTH SOL LTD | BNT | 38,329 | $1.8M | 0.26% |
| 88 | STANTEC INC | STN | 17,380 | $1.6M | 0.25% |
| 89 | ASML HOLDING N V | ASMLF | 1,531 | $1.6M | 0.25% |
| 90 | ISHARES TR | 464287465 | 16,750 | $1.6M | 0.24% |
| 91 | DEUTSCHE BANK A G | D18190898 | 41,515 | $1.6M | 0.24% |
| 92 | AMPHENOL CORP NEW | 032095101 | 11,378 | $1.5M | 0.23% |
| 93 | MARVELL TECHNOLOGY INC | MRVL | 16,850 | $1.4M | 0.21% |
| 94 | MASTERCARD INCORPORATED | MA | 2,482 | $1.4M | 0.21% |
| 95 | ELECTROVAYA INC | ELVA | 162,522 | $1.3M | 0.19% |
| 96 | THOMSON REUTERS CORP | TMSOF | 9,411 | $1.2M | 0.19% |
| 97 | ALGONQUIN PWR UTILS CORP | 015857105 | 201,732 | $1.2M | 0.19% |
| 98 | CROWDSTRIKE HLDGS INC | CRWD | 2,572 | $1.2M | 0.18% |
| 99 | AMAZON COM INC | AMZN | 5,196 | $1.2M | 0.18% |
| 100 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 4,614 | $1.2M | 0.18% |
| 101 | ALPHABET INC | GOOG | 3,536 | $1.1M | 0.17% |
| 102 | CENCORA INC | COR | 3,236 | $1.1M | 0.16% |
| 103 | CANADIAN NAT RES LTD | 136385101 | 31,574 | $1.1M | 0.16% |
| 104 | WALMART INC | WMT | 9,275 | $1.0M | 0.15% |
| 105 | VISA INC | V | 2,891 | $1.0M | 0.15% |
| 106 | REPUBLIC SVCS INC | 760759100 | 4,363 | $924,650 | 0.14% |
| 107 | MERCADOLIBRE INC | MELI | 457 | $920,516 | 0.14% |
| 108 | CONSTELLATION ENERGY CORP | CEG | 2,407 | $850,320 | 0.13% |
| 109 | POWELL INDS INC | 739128106 | 2,625 | $836,797 | 0.13% |
| 110 | CAE INC | CAE | 22,600 | $688,180 | 0.10% |
| 111 | OREILLY AUTOMOTIVE INC | 67103H107 | 7,425 | $677,234 | 0.10% |
| 112 | CME GROUP INC | CME | 2,473 | $675,326 | 0.10% |
| 113 | VNET GROUP INC | VNET | 77,265 | $653,661 | 0.10% |
| 114 | WELLS FARGO CO NEW | 949746101 | 6,030 | $561,996 | 0.08% |
| 115 | VEEVA SYS INC | VEEV | 2,472 | $551,824 | 0.08% |
| 116 | MANULIFE FINL CORP | 56501R106 | 15,093 | $548,776 | 0.08% |
| 117 | UBER TECHNOLOGIES INC | UBER | 6,711 | $548,355 | 0.08% |
| 118 | CANADIAN PACIFIC KANSAS CITY | CP | 7,340 | $541,095 | 0.08% |
| 119 | NEW GOLD INC CDA | 644535106 | 59,110 | $515,743 | 0.08% |
| 120 | SPOTIFY TECHNOLOGY S A | SPOT | 865 | $502,314 | 0.08% |
| 121 | QXO INC | QXO-PB | 25,160 | $485,336 | 0.07% |
| 122 | CURTISS WRIGHT CORP | CW | 865 | $476,848 | 0.07% |
| 123 | NICOLET BANKSHARES INC | NIC | 3,720 | $451,236 | 0.07% |
| 124 | COSTCO WHSL CORP NEW | 22160K105 | 475 | $409,611 | 0.06% |
| 125 | TECHNIPFMC PLC | FTI | 8,340 | $371,630 | 0.06% |
| 126 | NEWMONT CORP | NEMCL | 3,556 | $355,066 | 0.05% |
| 127 | MONDAY COM LTD | MNDY | 2,329 | $343,667 | 0.05% |
| 128 | BOSTON SCIENTIFIC CORP | BSX | 3,495 | $333,248 | 0.05% |
| 129 | INVESCO ACTIVELY MANAGED EXC | IVZ | 6,425 | $322,856 | 0.05% |
| 130 | PERFORMANCE FOOD GROUP CO | PFGC | 3,548 | $319,036 | 0.05% |
| 131 | COLLIERS INTL GROUP INC | 194693107 | 2,160 | $317,897 | 0.05% |
| 132 | CACI INTL INC | 127190304 | 590 | $314,357 | 0.05% |
| 133 | BEL FUSE INC | BELFB | 1,742 | $264,435 | 0.04% |
| 134 | BWX TECHNOLOGIES INC | BWXT | 1,498 | $258,914 | 0.04% |
| 135 | SSR MINING IN | SSRGF | 11,700 | $256,832 | 0.04% |
| 136 | JAPAN SMALLER CAPITALIZATION | JOF | 21,800 | $241,544 | 0.04% |
| 137 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,480 | $239,700 | 0.04% |
| 138 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 4,374 | $229,429 | 0.03% |
| 139 | WISDOMTREE TR | WT | 3,970 | $227,242 | 0.03% |
| 140 | CENTRUS ENERGY CORP | LEU | 925 | $224,553 | 0.03% |
| 141 | MICRON TECHNOLOGY INC | MU | 718 | $204,924 | 0.03% |
| 142 | DLOCAL LTD | DLO | 11,823 | $167,177 | 0.03% |
| 143 | KOPIN CORP | KOPN | 23,499 | $54,987 | 0.01% |