Filed: 2/11/2026ACC: 0001539041-26-000005
📋 What this filing means
PICTON MAHONEY ASSET MANAGEMENT filed this quarterly 13F‑HR report disclosing 1180 equity positions with a total reported market value of $12.91B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1180
Positions
$12.91B
Total AUM (reported)
321.61M
Total Shares
Allocation by class
COM$5.68B44.0%
IBOXX HI YD ETF$1.60B12.4%
IBOXX INV CP ETF$1.10B8.5%
COM NEW$599.09M4.6%
CL A$426.66M3.3%
COM SHS$361.38M2.8%
CL A SUB VTG SHS$311.67M2.4%
Portfolio Concentration
Top 3$3.15B24.4%
4–10$1.66B12.9%
11–25$1.84B14.3%
Rest$6.25B48.4%
Top 3 weight
24.4%
Top 10 weight
37.3%
Voting Authority Distribution
Total shares with voting rights: 321.61M
Sole
Full voting authority
321.61M
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)
Sole1180
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1180
Rows:
ISHARES TR
SOLEShares19.83M
TypeSH
Market value$1.60B
12.38%
Sole
19.83M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares10M
TypeSH
Market value$1.10B
8.54%
Sole
10M
Shared
0.00
None
0.00
ROYAL BK CDA
SOLEShares2.65M
TypeSH
Market value$452.75M
3.51%
Sole
2.65M
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares3.40M
TypeSH
Market value$320.61M
2.48%
Sole
3.40M
Shared
0.00
None
0.00
SHOPIFY INC
SOLEShares1.93M
TypeSH
Market value$311.67M
2.41%
Sole
1.93M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.20M
TypeSH
Market value$295.56M
2.29%
Sole
1.20M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.52M
TypeSH
Market value$242.07M
1.87%
Sole
2.52M
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares3.61M
TypeSH
Market value$166.15M
1.29%
Sole
3.61M
Shared
0.00
None
0.00
CANADIAN PACIFIC KANSAS CITY
SOLEShares2.25M
TypeSH
Market value$166.08M
1.29%
Sole
2.25M
Shared
0.00
None
0.00
CANADIAN NAT RES LTD
SOLEShares4.67M
TypeSH
Market value$158.29M
1.23%
Sole
4.67M
Shared
0.00
None
0.00
CELESTICA INC
SOLEShares525.71K
TypeSH
Market value$155.58M
1.20%
Sole
525.71K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares802.13K
TypeSH
Market value$149.60M
1.16%
Sole
802.13K
Shared
0.00
None
0.00
BARRICK MNG CORP
SOLEShares3.42M
TypeSH
Market value$149.32M
1.16%
Sole
3.42M
Shared
0.00
None
0.00
FRANCO NEV CORP
SOLEShares630.70K
TypeSH
Market value$130.92M
1.01%
Sole
630.70K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares767.18K
TypeSH
Market value$130.28M
1.01%
Sole
767.18K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares2.67M
TypeSH
Market value$127.77M
0.99%
Sole
2.67M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares382.81K
TypeSH
Market value$119.82M
0.93%
Sole
382.81K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares6.82M
TypeSH
Market value$115.61M
0.90%
Sole
6.82M
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares2.06M
TypeSH
Market value$113.37M
0.88%
Sole
2.06M
Shared
0.00
None
0.00
WASTE CONNECTIONS INC
SOLEShares641.24K
TypeSH
Market value$112.62M
0.87%
Sole
641.24K
Shared
0.00
None
0.00
APPLE INC
SOLEShares413.09K
TypeSH
Market value$112.30M
0.87%
Sole
413.09K
Shared
0.00
None
0.00
OR ROYALTIES INC
SOLEShares3.16M
TypeSH
Market value$112.11M
0.87%
Sole
3.16M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares227.05K
TypeSH
Market value$109.81M
0.85%
Sole
227.05K
Shared
0.00
None
0.00
ROGERS COMMUNICATIONS INC
SOLEShares2.80M
TypeSH
Market value$105.74M
0.82%
Sole
2.80M
Shared
0.00
None
0.00
HUDBAY MINERALS INC
SOLEShares5.03M
TypeSH
Market value$100.09M
0.78%
Sole
5.03M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | IBOXX HI YD ETF | 19.83M | SH | $1.60B 12.38% | 19.83M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 10M | SH | $1.10B 8.54% | 10M | 0.00 | 0.00 |
ROYAL BK CDASOLE | COM | 2.65M | SH | $452.75M 3.51% | 2.65M | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 3.40M | SH | $320.61M 2.48% | 3.40M | 0.00 | 0.00 |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 1.93M | SH | $311.67M 2.41% | 1.93M | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.20M | SH | $295.56M 2.29% | 1.20M | 0.00 | 0.00 |
ISHARES TRSOLE | 7-10 YR TRSY BD | 2.52M | SH | $242.07M 1.87% | 2.52M | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 3.61M | SH | $166.15M 1.29% | 3.61M | 0.00 | 0.00 |
CANADIAN PACIFIC KANSAS CITYSOLE | COM | 2.25M | SH | $166.08M 1.29% | 2.25M | 0.00 | 0.00 |
CANADIAN NAT RES LTDSOLE | COM | 4.67M | SH | $158.29M 1.23% | 4.67M | 0.00 | 0.00 |
CELESTICA INCSOLE | COM | 525.71K | SH | $155.58M 1.20% | 525.71K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 802.13K | SH | $149.60M 1.16% | 802.13K | 0.00 | 0.00 |
BARRICK MNG CORPSOLE | COM SHS | 3.42M | SH | $149.32M 1.16% | 3.42M | 0.00 | 0.00 |
FRANCO NEV CORPSOLE | COM | 630.70K | SH | $130.92M 1.01% | 630.70K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 767.18K | SH | $130.28M 1.01% | 767.18K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 2.67M | SH | $127.77M 0.99% | 2.67M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 382.81K | SH | $119.82M 0.93% | 382.81K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 6.82M | SH | $115.61M 0.90% | 6.82M | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 2.06M | SH | $113.37M 0.88% | 2.06M | 0.00 | 0.00 |
WASTE CONNECTIONS INCSOLE | COM | 641.24K | SH | $112.62M 0.87% | 641.24K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 413.09K | SH | $112.30M 0.87% | 413.09K | 0.00 | 0.00 |
OR ROYALTIES INCSOLE | COM SHS | 3.16M | SH | $112.11M 0.87% | 3.16M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 227.05K | SH | $109.81M 0.85% | 227.05K | 0.00 | 0.00 |
ROGERS COMMUNICATIONS INCSOLE | CL B | 2.80M | SH | $105.74M 0.82% | 2.80M | 0.00 | 0.00 |
HUDBAY MINERALS INCSOLE | COM | 5.03M | SH | $100.09M 0.78% | 5.03M | 0.00 | 0.00 |
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