Institutional Manager · CIK 0001938757
Triasima Portfolio Management inc.
MONTREAL, A8 · File #028-22571
Latest AUM
$667.7M
Positions
143
Top-10 Concentration
40.6%
Filings
9
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 |
|---|---|---|---|---|---|
| EXITED | RB GLOBAL INC | 74935Q107 | -111,450 | -$12.1M | $0 |
| REDUCE | CELESTICA INC | CLS | -35,697 | -$10.6M | +$3.8M |
| EXITED | NUTRIEN LTD | 67077M108 | -145,510 | -$8.5M | $0 |
| EXITED | ARES MANAGEMENT CORPORATION | 03990B101 | -48,743 | -$7.8M | $0 |
| REDUCE | NEW GOLD INC CDA | 644535106 | -790,476 | -$6.9M | +$1.3M |
| EXITED | AXON ENTERPRISE INC | 05464C101 | -9,343 | -$6.7M | $0 |
| NEW | ELI LILLY & CO | LLY | +5,970 | +$6.4M | $0 |
| ADD | CAMECO CORP | CCJ | +67,064 | +$6.1M | +$307,390 |
| REDUCE | MERCADOLIBRE INC | MELI | -3,013 | -$6.1M | -$1.1M |
| EXITED | HOULIHAN LOKEY INC | 441593100 | -26,795 | -$5.5M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025143 pos · $667.7M
- 13F HOLDINGS REPORTQ/E Sep 2025149 pos · $662.6M
- 13F HOLDINGS REPORTQ/E Jun 2025128 pos · $547.2M
- 13F HOLDINGS REPORTQ/E Mar 2025144 pos · $508.2M
- 13F HOLDINGS REPORTQ/E Dec 2024144 pos · $515.3M
- 13F HOLDINGS REPORTQ/E Sep 202485 pos · $444.9M
- 13F HOLDINGS REPORTQ/E Jun 2024139 pos · $1.09B
- 13F HOLDINGS REPORTQ/E Mar 2024138 pos · $1.19B
- 13F HOLDINGS REPORTQ/E Dec 2023127 pos · $1.09B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ROYAL BK CDA | 780087102 | 240,459 | $41.0M | 7.87% |
| 2 | SHOPIFY INC | SHOP | 182,338 | $29.4M | 5.64% |
| 3 | TORONTO DOMINION BK ONT | TORO | 251,170 | $23.7M | 4.55% |
| 4 | KINROSS GOLD CORP | KGCRF | 774,257 | $21.8M | 4.19% |
| 5 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 222,689 | $20.2M | 3.88% |
| 6 | BROOKFIELD CORP | 11271J107 | 397,781 | $18.3M | 3.51% |
| 7 | BANK MONTREAL QUE | 063671101 | 116,166 | $15.1M | 2.90% |
| 8 | ALPHABET INC | GOOG | 46,316 | $14.5M | 2.78% |
| 9 | MICROSOFT CORP | MSFT | 28,571 | $13.8M | 2.65% |
| 10 | BROADCOM INC | AVGO | 39,804 | $13.8M | 2.64% |
| 11 | NVIDIA CORPORATION | NVDA | 70,698 | $13.2M | 2.53% |
| 12 | PAN AMERN SILVER CORP | 697900108 | 252,950 | $13.1M | 2.52% |
| 13 | FORTIS INC | FTRSF | 250,091 | $13.0M | 2.50% |
| 14 | CELESTICA INC | CLS | 39,906 | $11.8M | 2.27% |
| 15 | HUDBAY MINERALS INC | HBM | 584,968 | $11.6M | 2.23% |
| 16 | MILLICOM INTL CELLULAR S A | L6388F110 | 203,420 | $11.3M | 2.16% |
| 17 | ENBRIDGE INC | ENNPF | 230,209 | $11.0M | 2.12% |
| 18 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 36,210 | $11.0M | 2.11% |
| 19 | TJX COS INC NEW | 872540109 | 69,679 | $10.7M | 2.05% |
| 20 | IAMGOLD CORP | IAG | 620,937 | $10.3M | 1.97% |