Filed: 8/7/2025ACC: 0001426318-25-000004
📋 What this filing means
PCJ INVESTMENT COUNSEL LTD. filed this quarterly 13F‑HR report disclosing 65 equity positions with a total reported market value of $292.79M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
65
Positions
$292.79M
Total AUM (reported)
14.08M
Total Shares
Allocation by class
COM$171.60M58.6%
UNIT LTD L P$33.04M11.3%
ORD$23.92M8.2%
COM NEW$12.31M4.2%
LP INT UNIT$8.79M3.0%
CL A SUB VTG SHS$8.09M2.8%
CL A LTD VT SH$6.86M2.3%
Portfolio Concentration
Top 3$62.50M21.3%
4–10$64.11M21.9%
11–25$79.57M27.2%
Rest$86.60M29.6%
Top 3 weight
21.3%
Top 10 weight
43.2%
Voting Authority Distribution
Total shares with voting rights: 14.08M
Sole
Full voting authority
14.08M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole65
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings65
Rows:
BROOKFIELD BUSINESS PARTNERS
SOLEShares1.27M
TypeSH
Market value$33.04M
11.28%
Sole
1.27M
Shared
0.00
None
0.00
CRH PLC
SOLEShares192.90K
TypeSH
Market value$17.71M
6.05%
Sole
192.90K
Shared
0.00
None
0.00
ENERFLEX LTD
SOLEShares1.49M
TypeSH
Market value$11.75M
4.01%
Sole
1.49M
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares110.13K
TypeSH
Market value$11.70M
4.00%
Sole
110.13K
Shared
0.00
None
0.00
ROYAL BK CDA
SOLEShares77.97K
TypeSH
Market value$10.28M
3.51%
Sole
77.97K
Shared
0.00
None
0.00
BROOKFIELD INFRAST PARTNERS
SOLEShares262.21K
TypeSH
Market value$8.79M
3.00%
Sole
262.21K
Shared
0.00
None
0.00
CAPITAL ONE FINL CORP
SOLEShares40.40K
TypeSH
Market value$8.60M
2.94%
Sole
40.40K
Shared
0.00
None
0.00
CANADIAN NAT RES LTD
SOLEShares267.62K
TypeSH
Market value$8.42M
2.87%
Sole
267.62K
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares112.03K
TypeSH
Market value$8.25M
2.82%
Sole
112.03K
Shared
0.00
None
0.00
SHOPIFY INC
SOLEShares70.14K
TypeSH
Market value$8.09M
2.76%
Sole
70.14K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares192.12K
TypeSH
Market value$7.21M
2.46%
Sole
192.12K
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares110.74K
TypeSH
Market value$6.86M
2.34%
Sole
110.74K
Shared
0.00
None
0.00
CANADIAN PACIFIC KANSAS CITY
SOLEShares80.54K
TypeSH
Market value$6.39M
2.18%
Sole
80.54K
Shared
0.00
None
0.00
AMCOR PLC
SOLEShares675.92K
TypeSH
Market value$6.21M
2.12%
Sole
675.92K
Shared
0.00
None
0.00
CARVANA CO
SOLEShares16.60K
TypeSH
Market value$5.59M
1.91%
Sole
16.60K
Shared
0.00
None
0.00
AERCAP HOLDINGS NV
SOLEShares45.59K
TypeSH
Market value$5.33M
1.82%
Sole
45.59K
Shared
0.00
None
0.00
BANK MONTREAL QUE
SOLEShares47.36K
TypeSH
Market value$5.25M
1.79%
Sole
47.36K
Shared
0.00
None
0.00
NEXGEN ENERGY LTD
SOLEShares746.40K
TypeSH
Market value$5.19M
1.77%
Sole
746.40K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares107.83K
TypeSH
Market value$4.89M
1.67%
Sole
107.83K
Shared
0.00
None
0.00
DESCARTES SYS GROUP INC
SOLEShares47.93K
TypeSH
Market value$4.87M
1.66%
Sole
47.93K
Shared
0.00
None
0.00
MAG SILVER CORP
SOLEShares218.68K
TypeSH
Market value$4.65M
1.59%
Sole
218.68K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares37.96K
TypeSH
Market value$4.53M
1.55%
Sole
37.96K
Shared
0.00
None
0.00
CANADIAN NATL RY CO
SOLEShares41.46K
TypeSH
Market value$4.32M
1.48%
Sole
41.46K
Shared
0.00
None
0.00
NEW GOLD INC CDA
SOLEShares833.66K
TypeSH
Market value$4.15M
1.42%
Sole
833.66K
Shared
0.00
None
0.00
FIRST MAJESTIC SILVER CORP
SOLEShares499.28K
TypeSH
Market value$4.13M
1.41%
Sole
499.28K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BROOKFIELD BUSINESS PARTNERSSOLE | UNIT LTD L P | 1.27M | SH | $33.04M 11.28% | 1.27M | 0.00 | 0.00 |
CRH PLCSOLE | ORD | 192.90K | SH | $17.71M 6.05% | 192.90K | 0.00 | 0.00 |
ENERFLEX LTDSOLE | COM | 1.49M | SH | $11.75M 4.01% | 1.49M | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 110.13K | SH | $11.70M 4.00% | 110.13K | 0.00 | 0.00 |
ROYAL BK CDASOLE | COM | 77.97K | SH | $10.28M 3.51% | 77.97K | 0.00 | 0.00 |
BROOKFIELD INFRAST PARTNERSSOLE | LP INT UNIT | 262.21K | SH | $8.79M 3.00% | 262.21K | 0.00 | 0.00 |
CAPITAL ONE FINL CORPSOLE | COM | 40.40K | SH | $8.60M 2.94% | 40.40K | 0.00 | 0.00 |
CANADIAN NAT RES LTDSOLE | COM | 267.62K | SH | $8.42M 2.87% | 267.62K | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 112.03K | SH | $8.25M 2.82% | 112.03K | 0.00 | 0.00 |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 70.14K | SH | $8.09M 2.76% | 70.14K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 192.12K | SH | $7.21M 2.46% | 192.12K | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 110.74K | SH | $6.86M 2.34% | 110.74K | 0.00 | 0.00 |
CANADIAN PACIFIC KANSAS CITYSOLE | COM | 80.54K | SH | $6.39M 2.18% | 80.54K | 0.00 | 0.00 |
AMCOR PLCSOLE | ORD | 675.92K | SH | $6.21M 2.12% | 675.92K | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 16.60K | SH | $5.59M 1.91% | 16.60K | 0.00 | 0.00 |
AERCAP HOLDINGS NVSOLE | SHS | 45.59K | SH | $5.33M 1.82% | 45.59K | 0.00 | 0.00 |
BANK MONTREAL QUESOLE | COM | 47.36K | SH | $5.25M 1.79% | 47.36K | 0.00 | 0.00 |
NEXGEN ENERGY LTDSOLE | COM | 746.40K | SH | $5.19M 1.77% | 746.40K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 107.83K | SH | $4.89M 1.67% | 107.83K | 0.00 | 0.00 |
DESCARTES SYS GROUP INCSOLE | COM | 47.93K | SH | $4.87M 1.66% | 47.93K | 0.00 | 0.00 |
MAG SILVER CORPSOLE | COM | 218.68K | SH | $4.65M 1.59% | 218.68K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 37.96K | SH | $4.53M 1.55% | 37.96K | 0.00 | 0.00 |
CANADIAN NATL RY COSOLE | COM | 41.46K | SH | $4.32M 1.48% | 41.46K | 0.00 | 0.00 |
NEW GOLD INC CDASOLE | COM | 833.66K | SH | $4.15M 1.42% | 833.66K | 0.00 | 0.00 |
FIRST MAJESTIC SILVER CORPSOLE | COM | 499.28K | SH | $4.13M 1.41% | 499.28K | 0.00 | 0.00 |
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