Filed: 11/12/2025ACC: 0001539041-25-000062
📋 What this filing means
PICTON MAHONEY ASSET MANAGEMENT filed this quarterly 13F‑HR report disclosing 1069 equity positions with a total reported market value of $11.08M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1069
Positions
$11.08M
Total AUM (reported)
279.91M
Total Shares
Allocation by class
COM$4.75M42.9%
PUT$1.71M15.4%
CALL$1.54M13.9%
COM NEW$487.5K4.4%
CL A$271.5K2.4%
CL A SUB VTG SHS$257.1K2.3%
COM SHS$230.1K2.1%
Portfolio Concentration
Top 3$2.82M25.4%
4–10$1.36M12.3%
11–25$1.70M15.3%
Rest$5.21M47.0%
Top 3 weight
25.4%
Top 10 weight
37.7%
Voting Authority Distribution
Total shares with voting rights: 279.91M
Sole
Full voting authority
279.91M
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)
Sole1069
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1069
Rows:
ISHARES TR
SOLEShares15M
TypeSH
Market value$1.22M
10.99%
Sole
15M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares15M
TypeSH
Market value$1.22M
10.99%
Sole
15M
Shared
0.00
None
0.00
ROYAL BK CDA
SOLEShares2.58M
TypeSH
Market value$379.8K
3.43%
Sole
2.58M
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares3.25M
TypeSH
Market value$260.0K
2.35%
Sole
3.25M
Shared
0.00
None
0.00
SHOPIFY INC
SOLEShares1.73M
TypeSH
Market value$257.1K
2.32%
Sole
1.73M
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares2.63M
TypeSH
Market value$180.4K
1.63%
Sole
2.63M
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares1.02M
TypeSH
Market value$171.3K
1.55%
Sole
1.02M
Shared
0.00
None
0.00
CANADIAN NAT RES LTD
SOLEShares5.17M
TypeSH
Market value$165.3K
1.49%
Sole
5.17M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares640K
TypeSH
Market value$164.1K
1.48%
Sole
640K
Shared
0.00
None
0.00
CANADIAN PACIFIC KANSAS CITY
SOLEShares2.15M
TypeSH
Market value$159.9K
1.44%
Sole
2.15M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares266.83K
TypeSH
Market value$138.2K
1.25%
Sole
266.83K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares736.70K
TypeSH
Market value$137.5K
1.24%
Sole
736.70K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares2.70M
TypeSH
Market value$136.4K
1.23%
Sole
2.70M
Shared
0.00
None
0.00
FRANCO NEV CORP
SOLEShares591.21K
TypeSH
Market value$131.6K
1.19%
Sole
591.21K
Shared
0.00
None
0.00
OR ROYALTIES INC
SOLEShares3.11M
TypeSH
Market value$124.6K
1.12%
Sole
3.11M
Shared
0.00
None
0.00
CANADIAN IMPERIAL BANK OF CO
SOLEShares1.48M
TypeSH
Market value$118.0K
1.06%
Sole
1.48M
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares2.04M
TypeSH
Market value$110.7K
1.00%
Sole
2.04M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares6.39M
TypeSH
Market value$108.5K
0.98%
Sole
6.39M
Shared
0.00
None
0.00
APPLE INC
SOLEShares420.31K
TypeSH
Market value$107.0K
0.97%
Sole
420.31K
Shared
0.00
None
0.00
TESLA INC
SOLEShares240K
TypeSH
Market value$106.7K
0.96%
Sole
240K
Shared
0.00
None
0.00
WASTE CONNECTIONS INC
SOLEShares600K
TypeSH
Market value$105.5K
0.95%
Sole
600K
Shared
0.00
None
0.00
HUDBAY MINERALS INC
SOLEShares6.35M
TypeSH
Market value$96.2K
0.87%
Sole
6.35M
Shared
0.00
None
0.00
WASTE CONNECTIONS INC
SOLEShares540.33K
TypeSH
Market value$95.0K
0.86%
Sole
540.33K
Shared
0.00
None
0.00
ROGERS COMMUNICATIONS INC
SOLEShares2.67M
TypeSH
Market value$92.0K
0.83%
Sole
2.67M
Shared
0.00
None
0.00
CELESTICA INC
SOLEShares357.34K
TypeSH
Market value$87.9K
0.79%
Sole
357.34K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | CALL | 15M | SH | $1.22M 10.99% | 15M | 0.00 | 0.00 |
ISHARES TRSOLE | PUT | 15M | SH | $1.22M 10.99% | 15M | 0.00 | 0.00 |
ROYAL BK CDASOLE | COM | 2.58M | SH | $379.8K 3.43% | 2.58M | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 3.25M | SH | $260.0K 2.35% | 3.25M | 0.00 | 0.00 |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 1.73M | SH | $257.1K 2.32% | 1.73M | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 2.63M | SH | $180.4K 1.63% | 2.63M | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 1.02M | SH | $171.3K 1.55% | 1.02M | 0.00 | 0.00 |
CANADIAN NAT RES LTDSOLE | COM | 5.17M | SH | $165.3K 1.49% | 5.17M | 0.00 | 0.00 |
ISHARES TRSOLE | PUT | 640K | SH | $164.1K 1.48% | 640K | 0.00 | 0.00 |
CANADIAN PACIFIC KANSAS CITYSOLE | COM | 2.15M | SH | $159.9K 1.44% | 2.15M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 266.83K | SH | $138.2K 1.25% | 266.83K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 736.70K | SH | $137.5K 1.24% | 736.70K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 2.70M | SH | $136.4K 1.23% | 2.70M | 0.00 | 0.00 |
FRANCO NEV CORPSOLE | COM | 591.21K | SH | $131.6K 1.19% | 591.21K | 0.00 | 0.00 |
OR ROYALTIES INCSOLE | COM SHS | 3.11M | SH | $124.6K 1.12% | 3.11M | 0.00 | 0.00 |
CANADIAN IMPERIAL BANK OF COSOLE | COM | 1.48M | SH | $118.0K 1.06% | 1.48M | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 2.04M | SH | $110.7K 1.00% | 2.04M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 6.39M | SH | $108.5K 0.98% | 6.39M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 420.31K | SH | $107.0K 0.97% | 420.31K | 0.00 | 0.00 |
TESLA INCSOLE | PUT | 240K | SH | $106.7K 0.96% | 240K | 0.00 | 0.00 |
WASTE CONNECTIONS INCSOLE | CALL | 600K | SH | $105.5K 0.95% | 600K | 0.00 | 0.00 |
HUDBAY MINERALS INCSOLE | COM | 6.35M | SH | $96.2K 0.87% | 6.35M | 0.00 | 0.00 |
WASTE CONNECTIONS INCSOLE | COM | 540.33K | SH | $95.0K 0.86% | 540.33K | 0.00 | 0.00 |
ROGERS COMMUNICATIONS INCSOLE | CL B | 2.67M | SH | $92.0K 0.83% | 2.67M | 0.00 | 0.00 |
CELESTICA INCSOLE | COM | 357.34K | SH | $87.9K 0.79% | 357.34K | 0.00 | 0.00 |
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