Institutional Manager · CIK 0001596800

Connor, Clark & Lunn Investment Management Ltd.

VANCOUVER, A1 · File #028-16144

Latest AUM

$38.13B

Positions

1,508

Top-10 Concentration

45.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ASML HOLDING N V	ASMLF	+228,122	+$244.1M	+$4.7M
ADD	GE AEROSPACE	369604301	+676,661	+$208.4M	+$24,153
ADD	BANK NOVA SCOTIA HALIFAX	064149107	+2,496,760	+$184.1M	+$70.0M
ADD	BROADCOM INC	AVGO	+460,747	+$159.5M	+$7.9M
ADD	BOEING CO	BA-PA	+719,578	+$156.2M	+$10,565
ADD	MASTERCARD INCORPORATED	MA	+261,532	+$149.3M	+$122,880
ADD	MCDONALDS CORP	MCD	+454,652	+$139.0M	+$64,274
ADD	ALPHABET INC	GOOG	+440,949	+$138.0M	+$19.4M
NEW	MERCADOLIBRE INC	MELI	+67,866	+$136.7M	$0
ADD	UNION PAC CORP	UNP	+583,002	+$134.9M	-$764,357

Sector Allocation

17.5%$6.69B

7.8%$2.98B

7.4%$2.83B

5.8%$2.23B

5.5%$2.10B

Consumer Discretionary

5.5%$2.09B

Healthcare

4.6%$1.75B

Consumer Staples

1.3%$499.4M

Communication Services

1.2%$467.0M

Utilities

0.7%$280.8M

Real Estate

0.6%$227.3M

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 20251,508 pos · $38.13B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 20251,475 pos · $31.74B
Aug 7, 202513F HOLDINGS REPORTQ/E Jun 20251,486 pos · $28.39B
May 12, 202513F HOLDINGS REPORTQ/E Mar 20251,383 pos · $22.92B
Feb 10, 202513F HOLDINGS REPORTQ/E Dec 20241,386 pos · $22.12B
Nov 8, 202413F HOLDINGS REPORTQ/E Sep 20241,400 pos · $20.63B
Aug 9, 202413F HOLDINGS REPORTQ/E Jun 20241,345 pos · $23.81B
May 9, 202413F HOLDINGS REPORTQ/E Mar 20241,501 pos · $23.25B
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 20231,335 pos · $19.13B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ROYAL BK CDA	780087102	11,535,677	$1.97B	9.85%
2	AGNICO EAGLE MINES LTD	AEM	6,529,513	$1.11B	5.54%
3	SHOPIFY INC	SHOP	6,202,273	$998.7M	5.00%
4	TORONTO DOMINION BK ONT	TORO	9,120,801	$859.6M	4.30%
5	CANADIAN IMPERIAL BANK OF CO	CNDIF	9,231,352	$836.9M	4.19%
6	NVIDIA CORPORATION	NVDA	4,428,811	$826.0M	4.14%
7	BANK NOVA SCOTIA HALIFAX	064149107	10,187,643	$751.4M	3.76%
8	APPLE INC	AAPL	2,278,198	$619.4M	3.10%
9	INVESCO EXCH TRADED FD TR II	IVZ	9,010,335	$616.8M	3.09%
10	MICROSOFT CORP	MSFT	1,151,601	$556.9M	2.79%
11	TC ENERGY CORP	TRPRF	9,654,085	$531.6M	2.66%
12	CELESTICA INC	CLS	1,627,290	$481.3M	2.41%
13	ENBRIDGE INC	ENNPF	9,870,464	$472.3M	2.37%
14	AMAZON COM INC	AMZN	2,012,585	$464.5M	2.33%
15	BARRICK MNG CORP	06849F108	10,059,966	$438.2M	2.19%
16	SUNCOR ENERGY INC NEW	SU	9,795,488	$434.8M	2.18%
17	ALPHABET INC	GOOG	1,370,140	$429.9M	2.15%
18	CAMECO CORP	CCJ	4,312,230	$394.8M	1.98%
19	CANADIAN PACIFIC KANSAS CITY	CP	5,261,116	$387.3M	1.94%
20	KINROSS GOLD CORP	KGCRF	12,272,461	$345.7M	1.73%