Institutional Manager · CIK 0002033536

Northwest & Ethical Investments L.P.

TORONTO, A6 · File #028-24321

Latest AUM

$4.44B

Positions

501

Top-10 Concentration

44.7%

Filings

Portfolio Value Over Time

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
NEW	AMERICAN CENTY ETF TR	025072299	+1,981,400	+$147.1M	$0
NEW	NUSHARES ETF TR	NU	+1,315,300	+$128.6M	$0
NEW	INVESCO QQQ TR	IVZ	+101,500	+$62.4M	$0
EXITED	ORACLE CORP	68389X105	-84,715	-$23.8M	$0
ADD	SPDR S&P 500 ETF TR	SPY	+31,100	+$21.2M	+$761,816
NEW	SUNOCOCORP LLC	SUNC	+427,421	+$21.1M	$0
ADD	SERVICENOW INC	NOW	+125,670	+$19.3M	-$25.8M
REDUCE	MICROSOFT CORP	MSFT	-37,736	-$18.3M	-$16.5M
REDUCE	SALESFORCE INC	CRM	-64,985	-$17.3M	+$1.9M
ADD	NETFLIX INC	NFLX	+182,700	+$17.1M	-$23.1M

Sector Allocation

21.1%$938.1M

8.7%$386.3M

8.6%$381.4M

8.2%$365.6M

Consumer Discretionary

5.6%$251.0M

Materials

3.5%$156.5M

Energy

3.1%$138.9M

Communication Services

2.1%$94.5M

Consumer Staples

1.7%$75.2M

Utilities

1.3%$57.1M

Real Estate

0.5%$20.2M

Filing History

Feb 17, 202613F HOLDINGS REPORT (Amended)Q/E Dec 2025501 pos · $4.44B
Feb 12, 202613F HOLDINGS REPORTQ/E Dec 2025501 pos · $4.44B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025500 pos · $4.24B
Aug 13, 202513F HOLDINGS REPORTQ/E Jun 2025490 pos · $4.03B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025412 pos · $2.49B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025404 pos · $3.08B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025372 pos · $3.25B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025380 pos · $3.12B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025405 pos · $3.13B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025402 pos · $2.90B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025409 pos · $2.85B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025400 pos · $3.07B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025485 pos · $3.47B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025415 pos · $2.67B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025396 pos · $3.39B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025402 pos · $3.01B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025385 pos · $2.98B
Jul 8, 202513F HOLDINGS REPORTQ/E Jun 2025229 pos · $1.51B
Jul 8, 202513F HOLDINGS REPORTQ/E Jun 2025204 pos · $1.30B
Jul 8, 202513F HOLDINGS REPORTQ/E Jun 2025224 pos · $1.53B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT CORP	MSFT	446,325	$215.9M	8.55%
2	AMERICAN CENTY ETF TR	025072299	1,981,400	$147.1M	5.83%
3	NVIDIA CORPORATION	NVDA	765,684	$142.8M	5.66%
4	NUSHARES ETF TR	NU	1,315,300	$128.6M	5.09%
5	APPLE INC	AAPL	388,946	$105.8M	4.19%
6	ALPHABET INC	GOOG	301,890	$94.7M	3.75%
7	ROYAL BK CDA	780087102	505,802	$86.3M	3.42%
8	AMAZON COM INC	AMZN	322,715	$74.5M	2.95%
9	TORONTO DOMINION BK ONT	TORO	717,434	$67.7M	2.68%
10	BROADCOM INC	AVGO	192,644	$66.7M	2.64%
11	INVESCO QQQ TR	IVZ	101,500	$62.4M	2.47%
12	AGILENT TECHNOLOGIES INC	A	417,490	$56.8M	2.25%
13	SPDR S&P 500 ETF TR	SPY	79,500	$54.2M	2.15%
14	LINDE PLC	LIN	119,096	$50.8M	2.01%
15	VISA INC	V	135,442	$47.5M	1.88%
16	CANADIAN NATL RY CO	136375102	430,970	$42.6M	1.69%
17	GILEAD SCIENCES INC	GILD	328,207	$40.3M	1.60%
18	ENBRIDGE INC	ENNPF	815,177	$39.0M	1.54%
19	SHOPIFY INC	SHOP	238,858	$38.6M	1.53%
20	ALPHABET INC	GOOG	122,844	$38.5M	1.52%