Filed: 11/13/2025ACC: 0001426318-25-000007
📋 What this filing means
PCJ INVESTMENT COUNSEL LTD. filed this quarterly 13F‑HR report disclosing 64 equity positions with a total reported market value of $359.49M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
64
Positions
$359.49M
Total AUM (reported)
16.05M
Total Shares
Allocation by class
COM$208.04M57.9%
UNIT LTD L P$43.79M12.2%
ORD$28.38M7.9%
COM NEW$23.97M6.7%
CL A LTD VT SH$15.97M4.4%
CL A SUB VTG SHS$10.13M2.8%
CL A$9.17M2.5%
Portfolio Concentration
Top 3$81.68M22.7%
4–10$78.80M21.9%
11–25$93.93M26.1%
Rest$105.08M29.2%
Top 3 weight
22.7%
Top 10 weight
44.6%
Voting Authority Distribution
Total shares with voting rights: 16.05M
Sole
Full voting authority
16.05M
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)
Sole64
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings64
Rows:
BROOKFIELD BUSINESS PARTNERS
SOLEShares1.34M
TypeSH
Market value$43.79M
12.18%
Sole
1.34M
Shared
0.00
None
0.00
CRH PLC
SOLEShares182.90K
TypeSH
Market value$21.93M
6.10%
Sole
182.90K
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares232.78K
TypeSH
Market value$15.97M
4.44%
Sole
232.78K
Shared
0.00
None
0.00
CAE INC
SOLEShares533.74K
TypeSH
Market value$15.80M
4.40%
Sole
533.74K
Shared
0.00
None
0.00
ENERFLEX LTD
SOLEShares1.17M
TypeSH
Market value$12.58M
3.50%
Sole
1.17M
Shared
0.00
None
0.00
ROYAL BK CDA
SOLEShares79.96K
TypeSH
Market value$11.78M
3.28%
Sole
79.96K
Shared
0.00
None
0.00
SHOPIFY INC
SOLEShares68.19K
TypeSH
Market value$10.13M
2.82%
Sole
68.19K
Shared
0.00
None
0.00
CAPITAL ONE FINL CORP
SOLEShares45.55K
TypeSH
Market value$9.68M
2.69%
Sole
45.55K
Shared
0.00
None
0.00
IAMGOLD CORP
SOLEShares747.07K
TypeSH
Market value$9.65M
2.68%
Sole
747.07K
Shared
0.00
None
0.00
CARVANA CO
SOLEShares24.30K
TypeSH
Market value$9.17M
2.55%
Sole
24.30K
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares80.16K
TypeSH
Market value$8.68M
2.42%
Sole
80.16K
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares100.76K
TypeSH
Market value$8.05M
2.24%
Sole
100.76K
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares668.23K
TypeSH
Market value$7.49M
2.08%
Sole
668.23K
Shared
0.00
None
0.00
PAN AMERN SILVER CORP
SOLEShares186.57K
TypeSH
Market value$7.23M
2.01%
Sole
186.57K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares413.60K
TypeSH
Market value$7.03M
1.95%
Sole
413.60K
Shared
0.00
None
0.00
AMCOR PLC
SOLEShares788.14K
TypeSH
Market value$6.45M
1.79%
Sole
788.14K
Shared
0.00
None
0.00
BANK MONTREAL QUE
SOLEShares47.57K
TypeSH
Market value$6.20M
1.72%
Sole
47.57K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares34.36K
TypeSH
Market value$5.79M
1.61%
Sole
34.36K
Shared
0.00
None
0.00
DENISON MINES CORP
SOLEShares2.05M
TypeSH
Market value$5.63M
1.57%
Sole
2.05M
Shared
0.00
None
0.00
BROOKFIELD INFRAST PARTNERS
SOLEShares169.10K
TypeSH
Market value$5.57M
1.55%
Sole
169.10K
Shared
0.00
None
0.00
SANDSTORM GOLD LTD
SOLEShares427.35K
TypeSH
Market value$5.35M
1.49%
Sole
427.35K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares105.55K
TypeSH
Market value$5.32M
1.48%
Sole
105.55K
Shared
0.00
None
0.00
ENDEAVOUR SILVER CORP
SOLEShares677.22K
TypeSH
Market value$5.30M
1.48%
Sole
677.22K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares127.78K
TypeSH
Market value$5.17M
1.44%
Sole
127.78K
Shared
0.00
None
0.00
METHANEX CORP
SOLEShares117.73K
TypeSH
Market value$4.68M
1.30%
Sole
117.73K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BROOKFIELD BUSINESS PARTNERSSOLE | UNIT LTD L P | 1.34M | SH | $43.79M 12.18% | 1.34M | 0.00 | 0.00 |
CRH PLCSOLE | ORD | 182.90K | SH | $21.93M 6.10% | 182.90K | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 232.78K | SH | $15.97M 4.44% | 232.78K | 0.00 | 0.00 |
CAE INCSOLE | COM | 533.74K | SH | $15.80M 4.40% | 533.74K | 0.00 | 0.00 |
ENERFLEX LTDSOLE | COM | 1.17M | SH | $12.58M 3.50% | 1.17M | 0.00 | 0.00 |
ROYAL BK CDASOLE | COM | 79.96K | SH | $11.78M 3.28% | 79.96K | 0.00 | 0.00 |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 68.19K | SH | $10.13M 2.82% | 68.19K | 0.00 | 0.00 |
CAPITAL ONE FINL CORPSOLE | COM | 45.55K | SH | $9.68M 2.69% | 45.55K | 0.00 | 0.00 |
IAMGOLD CORPSOLE | COM | 747.07K | SH | $9.65M 2.68% | 747.07K | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 24.30K | SH | $9.17M 2.55% | 24.30K | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 80.16K | SH | $8.68M 2.42% | 80.16K | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 100.76K | SH | $8.05M 2.24% | 100.76K | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | COM | 668.23K | SH | $7.49M 2.08% | 668.23K | 0.00 | 0.00 |
PAN AMERN SILVER CORPSOLE | COM | 186.57K | SH | $7.23M 2.01% | 186.57K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 413.60K | SH | $7.03M 1.95% | 413.60K | 0.00 | 0.00 |
AMCOR PLCSOLE | ORD | 788.14K | SH | $6.45M 1.79% | 788.14K | 0.00 | 0.00 |
BANK MONTREAL QUESOLE | COM | 47.57K | SH | $6.20M 1.72% | 47.57K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 34.36K | SH | $5.79M 1.61% | 34.36K | 0.00 | 0.00 |
DENISON MINES CORPSOLE | COM | 2.05M | SH | $5.63M 1.57% | 2.05M | 0.00 | 0.00 |
BROOKFIELD INFRAST PARTNERSSOLE | LP INT UNIT | 169.10K | SH | $5.57M 1.55% | 169.10K | 0.00 | 0.00 |
SANDSTORM GOLD LTDSOLE | COM NEW | 427.35K | SH | $5.35M 1.49% | 427.35K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 105.55K | SH | $5.32M 1.48% | 105.55K | 0.00 | 0.00 |
ENDEAVOUR SILVER CORPSOLE | COM | 677.22K | SH | $5.30M 1.48% | 677.22K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 127.78K | SH | $5.17M 1.44% | 127.78K | 0.00 | 0.00 |
METHANEX CORPSOLE | COM | 117.73K | SH | $4.68M 1.30% | 117.73K | 0.00 | 0.00 |
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