Triasima Portfolio Management inc.
Reported holdings as of Q3 2026, from 24 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ROYAL BK CDA | RY | $52.4M | 265,763 | -0.22pp | 24q | +4.2%+$2.1M | |
| TORONTO DOMINION BK ONT | TD | $37.9M | 321,615 | -0.02pp | 6q | +5.1%+$1.8M | |
| BANK OF MONTREAL | BMO | $27.1M | 161,565 | -0.10pp | 8q | +4.9%+$1.3M | |
| CANADIAN IMPERIAL BANK OF CO | CM | $24.7M | 224,058 | -0.52pp | 12q | -8.0%-$2.2M | |
| MICROSOFT CORP | MSFT | $17.8M | 34,634 | +0.91pp | 24q | +21.8%+$3.2M | |
| CANADIAN NATL RY CO | CNI | $17.4M | 145,653 | +0.56pp | 4q | +35.6%+$4.6M | |
| ALPHABET INC | GOOGL | $16.1M | 46,906 | -0.19pp | 13q | -2.2%-$371.3K | |
| MANULIFE FINL CORP | MFC | $15.9M | 373,076 | +1.09pp | 12q | +101.8%+$8.0M | |
| HUDBAY MINERALS INC | HBM | $15.7M | 587,103 | +0.28pp | 5q | +4.2%+$631.1K | |
| SHOPIFY INC | SHOP | $15.1M | 101,965 | +1.18pp | 8q | +92.5%+$7.3M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $15.0M | 32,917 | -0.18pp | 8q | -1.6%-$246.3K | |
| FORTIS INC | FTS | $14.2M | 268,825 | -0.16pp | 15q | +2.1%+$298.4K | |
| NVIDIA CORPORATION | NVDA | $13.5M | 59,171 | +0.39pp | 24q | +14.6%+$1.7M | |
| GRUPO CIBEST SA | CIB | $13.1M | 141,201 | +0.41pp | 6q | +14.7%+$1.7M | |
| ROYALTY PHARMA PLC | RPRX | $13.0M | 223,527 | +0.35pp | 2q | +23.7%+$2.5M | |
| MILLICOM INTL CELLULAR S A | TIGO | $12.8M | 146,704 | -0.82pp | 6q | -28.3%-$5.0M | |
| CANADIAN NAT RES LTD MED TER | CNQ | $12.8M | 270,462 | +0.79pp | 24q | +62.8%+$4.9M | |
| MAGNA INTL INC | MGA | $12.4M | 194,740 | +0.50pp | 5q | +51.9%+$4.2M | |
| APPLE INC | AAPL | $12.4M | 37,151 | +0.19pp | 5q | +0.9%+$108.2K | |
| CENOVUS ENERGY INC | CVE | $12.1M | 388,841 | +0.51pp | 5q | +20.1%+$2.0M | |
| ELI LILLY & CO | LLY | $12.0M | 10,376 | -0.04pp | 4q | +3.3%+$381.8K | |
| BANK NOVA SCOTIA B C | BNS | $11.8M | 129,745 | +0.05pp | 24q | +0.8%+$97.1K | |
| WELLTOWER INC | WELL | $11.4M | 49,419 | +0.02pp | 8q | +2.2%+$244.1K | |
| BBB Foods Inc | TBBB | $10.6M | 201,695 | - | new | NEW | |
| TFI INTERNATIONAL INC | TFII | $9.7M | 80,742 | -0.13pp | 3q | +11.0%+$960.6K | |
| SIMON PPTY GROUP INC NEW | SPG | $8.7M | 43,262 | -0.14pp | 3q | +1.6%+$136.3K | |
| QUANTA SVCS INC | PWR | $7.6M | 11,759 | +0.18pp | 4q | +40.7%+$2.2M | |
| IMPERIAL OIL LTD | IMO | $7.6M | 61,265 | +0.23pp | 5q | +20.7%+$1.3M | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $7.4M | 87,214 | -0.22pp | 4q | -15.1%-$1.3M | |
| TARGET CORP | TGT | $7.3M | 46,644 | +0.56pp | 2q | +102.1%+$3.7M | |
| TEXAS INSTRS INC | TXN | $6.9M | 24,546 | +0.18pp | 3q | +35.9%+$1.8M | |
| GILEAD SCIENCES INC | GILD | $6.7M | 45,238 | +0.12pp | 7q | HELD | |
| UBS GROUP AG | UBS | $6.5M | 135,373 | -0.17pp | 5q | -12.4%-$918.1K | |
| LAM RESEARCH CORP | LRCX | $6.2M | 18,989 | -0.66pp | 4q | -24.9%-$2.1M | |
| CVS HEALTH CORP | CVS | $6.2M | 71,917 | +0.36pp | 2q | +119.8%+$3.4M | |
| GUARDANT HEALTH INC | GH | $6.1M | 34,139 | - | new | NEW | |
| CITIZENS FINL GROUP INC | CFG | $6.0M | 93,464 | -0.09pp | 3q | +1.1%+$66.0K | |
| MDA SPACE LTD | MDA | $5.9M | 198,062 | -0.30pp | 3q | +2.7%+$152.7K | |
| AERCAP HOLDINGS NV | AER | $5.8M | 40,526 | -0.19pp | 8q | -16.3%-$1.1M | |
| INTEL CORP | INTC | $5.8M | 48,282 | -0.40pp | 4q | -22.1%-$1.6M | |
| JPMORGAN CHASE & CO | JPM | $5.8M | 17,529 | flat | 24q | +0.6%+$36.4K | |
| PEMBINA PIPELINE CORP | PBA | $5.7M | 128,125 | +0.34pp | 2q | +94.0%+$2.8M | |
| BRISTOL-MYERS SQUIBB CO | BMY | $5.7M | 91,290 | - | new | NEW | |
| CELESTICA INC | CLS | $5.7M | 15,683 | -0.84pp | 10q | -51.3%-$6.0M | |
| BORGWARNER INC | BWA | $5.7M | 94,515 | +0.17pp | 2q | +47.2%+$1.8M | |
| CISCO SYS INC | CSCO | $5.6M | 51,919 | -0.24pp | 8q | -15.4%-$1.0M | |
| COMFORT SYS USA INC | FIX | $5.5M | 3,300 | -0.32pp | 5q | -14.7%-$941.2K | |
| IAMGOLD CORP | IAG | $5.4M | 292,163 | +0.30pp | 10q | +53.2%+$1.9M | |
| RESTAURANT BRANDS INTL INC | QSR | $5.3M | 74,318 | +0.44pp | 3q | +177.3%+$3.4M | |
| GOLDMAN SACHS GROUP INC | GS | $4.8M | 5,367 | -0.52pp | 5q | -36.5%-$2.8M | |
| TWILIO INC | TWLO | $4.8M | 16,465 | - | new | NEW | |
| WILLIAMS SONOMA INC | WSM | $4.7M | 20,715 | +0.24pp | 3q | +68.8%+$1.9M | |
| ASML HLDG NV | ASML | $4.7M | 2,571 | -0.08pp | 4q | HELD | |
| NOVARTIS AG | NVS | $4.6M | 32,275 | -0.34pp | 13q | -27.9%-$1.8M | |
| SUMITOMO MITSUI FIN GRP INC | SMFG | $4.6M | 176,975 | - | new | NEW | |
| NATERA INC | NTRA | $4.5M | 10,991 | - | new | NEW | |
| KINROSS GOLD CORP | KGC | $4.5M | 187,900 | -0.54pp | 13q | -47.1%-$4.0M | |
| DATADOG INC | DDOG | $4.5M | 16,364 | - | new | NEW | |
| EZCORP INC | EZPW | $4.4M | 147,293 | -0.25pp | 7q | -17.3%-$918.3K | |
| South Bow Corp | SOBO | $4.2M | 126,160 | -0.05pp | 8q | -0.8%-$33.2K | |
| GE VERNOVA INC | GEV | $4.2M | 4,393 | -0.45pp | 10q | -30.3%-$1.8M | |
| METHANEX CORP | MEOH | $4.2M | 70,741 | +0.26pp | 2q | +51.0%+$1.4M | |
| SUNCOR ENERGY INC NEW | SU | $4.0M | 58,466 | +0.23pp | 5q | +43.4%+$1.2M | |
| BARCLAYS PLC | BCS | $3.9M | 162,380 | -0.14pp | 5q | -10.9%-$482.1K | |
| VANGUARD INDEX FDS | VOO | $3.8M | 5,457 | -0.06pp | 24q | -10.6%-$452.1K | |
| JABIL INC | JBL | $3.8M | 13,276 | -0.04pp | 3q | +26.3%+$792.0K | |
| SSR MINING IN | SSRM | $3.8M | 113,352 | - | new | NEW | |
| BROADCOM INC | AVGO | $3.4M | 9,789 | -0.70pp | 12q | -56.7%-$4.5M | |
| BOX INC | BOX | $3.3M | 98,086 | - | new | NEW | |
| EXPEDIA GROUP INC | EXPE | $3.3M | 12,377 | - | new | NEW | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $3.1M | 3,411 | - | new | NEW | |
| KLA CORP | KLAC | $3.1M | 15,945 | -0.87pp | 5q | -49.1%-$3.0M | |
| MONOLITHIC PWR SYS INC | MPWR | $3.1M | 2,292 | -0.28pp | 5q | -38.2%-$1.9M | |
| ADVANCED MICRO DEVICES INC | AMD | $3.1M | 5,024 | - | new | NEW | |
| ENERFLEX LTD | EFXT | $3.1M | 134,511 | -0.46pp | 4q | -48.4%-$2.9M | |
| TC ENERGY CORP | TRP | $3.0M | 51,980 | -0.02pp | 2q | +11.1%+$302.3K | |
| FERRARI N V | RACE | $3.0M | 7,655 | - | new | NEW | |
| TREKOR METALS LTD | TGB | $2.8M | 314,852 | - | new | NEW | |
| HIGHLANDER SILVER CORP | HSLV | $2.8M | 527,874 | +0.09pp | 3q | +23.2%+$521.0K | |
| NOKIA CORP | NOK | $2.7M | 266,135 | -0.12pp | 2q | HELD | |
| THOMSON REUTERS CORP | TRI | $2.6M | 26,794 | - | new | NEW | |
| TECK RESOURCES LTD | TECK | $2.6M | 39,350 | +0.12pp | 2q | +43.4%+$785.4K | |
| UNITEDHEALTH GROUP INC | UNH | $2.4M | 6,495 | - | new | NEW | |
| APPLIED MATLS INC | AMAT | $2.4M | 4,656 | +0.16pp | 2q | +195.2%+$1.6M | |
| ENBRIDGE INC | ENB | $2.4M | 50,561 | -0.99pp | 24q | -71.5%-$5.9M | |
| CANADIAN PACIFIC KANSAS CITY | CP | $2.1M | 25,048 | +0.13pp | 6q | +93.9%+$1.0M | |
| AMAZON COM INC | AMZN | $2.1M | 8,549 | flat | 12q | -0.7%-$14.7K | |
| BIOGEN INC | BIIB | $2.1M | 9,308 | - | new | NEW | |
| AMPHENOL CORP | APH | $2.1M | 24,478 | -0.02pp | 5q | HELD | |
| ARISTA NETWORKS INC | ANET | $2.1M | 10,081 | +0.04pp | 8q | -0.6%-$12.6K | |
| COGNEX CORP | CGNX | $2.0M | 33,583 | -0.06pp | 2q | HELD | |
| Rogers Communications, Inc. | RCI | $2.0M | 65,726 | -0.02pp | 5q | HELD | |
| TJX COS INC NEW | TJX | $1.8M | 13,848 | -1.28pp | 15q | -81.4%-$8.0M | |
| BAYTEX ENERGY CORP | BTE | $1.7M | 386,100 | - | new | NEW | |
| WHEATON PRECIOUS METALS CORP | WPM | $1.6M | 12,092 | -0.44pp | 15q | -71.7%-$4.1M | |
| CSX CORP | CSX | $1.6M | 33,407 | +0.04pp | 3q | +26.4%+$324.0K | |
| BANCO DE CHILE | BCH | $1.5M | 37,935 | -0.01pp | 9q | -2.5%-$39.2K | |
| ISHARES TR | EFA | $1.5M | 14,333 | -0.03pp | 24q | -10.5%-$175.6K | |
| VERSABANK NEW | VBNK | $1.4M | 64,440 | - | new | NEW | |
| AMGEN INC | AMGN | $1.4M | 3,280 | - | new | NEW | |
| FIFTH THIRD BANCORP | FITB | $1.3M | 26,558 | +0.03pp | 3q | +40.4%+$386.6K | |
| WASTE CONNECTIONS INC | WCN | $1.3M | 8,460 | - | new | NEW | |
| HEALTHCARE SVCS GROUP INC | HCSG | $1.3M | 61,590 | - | new | NEW | |
| ALPHABET INC | GOOG | $1.2M | 3,536 | -0.02pp | 5q | -6.6%-$85.5K | |
| CLEAN HARBORS INC | CLH | $1.1M | 3,640 | - | new | NEW | |
| VODAFONE GROUP PLC | VOD | $953.3K | 59,025 | +0.02pp | 2q | HELD | |
| EQUINOX GOLD CORP | EQX | $946.8K | 83,577 | - | new | NEW | |
| SPHERE ENTERTAINMENT CO | SPHR | $911.0K | 6,776 | -0.04pp | 3q | -1.1%-$9.9K | |
| NVENT ELEC PLC | NVT | $907.1K | 5,656 | -0.01pp | 3q | HELD | |
| CASEYS GEN STORES INC | CASY | $877.4K | 1,442 | -0.02pp | 2q | +10.7%+$84.6K | |
| NICOLET BANKSHARES INC | NIC | $844.0K | 5,177 | flat | 5q | +1.2%+$9.8K | |
| BLACKBERRY LTD | BB | $813.9K | 90,000 | - | new | NEW | |
| META PLATFORMS INC | META | $757.1K | 1,044 | +0.04pp | 8q | +30.3%+$176.2K | |
| JFROG LTD | FROG | $740.4K | 7,630 | +0.03pp | 2q | +34.9%+$191.7K | |
| MICRON TECHNOLOGY INC | MU | $727.5K | 683 | -0.01pp | 4q | -2.8%-$21.3K | |
| VICTORIAS SECRET AND CO | VSXY | $658.3K | 7,442 | - | new | NEW | |
| TWIST BIOSCIENCE CORP | TWST | $652.2K | 3,375 | - | new | NEW | |
| TECHNIPFMC PLC | FTI | $576.6K | 8,490 | flat | 8q | +1.8%+$10.2K | |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | $545.6K | 8,580 | - | new | NEW | |
| MCKESSON CORP | MCK | $494.4K | 579 | +0.01pp | 6q | +3.0%+$14.5K | |
| ITT INC | ITT | $459.9K | 2,279 | -0.01pp | 2q | -13.3%-$70.6K | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $435.9K | 1,121 | - | new | NEW | |
| WISDOMTREE TR | DGS | $377.2K | 5,970 | flat | 5q | HELD | |
| DXP ENTERPRISES INC | DXPE | $365.5K | 2,017 | - | new | NEW | |
| 10X GENOMICS INC | TXG | $359.5K | 3,978 | +0.02pp | 2q | -35.2%-$195.4K | |
| GRUPO AVAL ACCIONES Y VALORE | AVAL | $351.1K | 72,845 | - | new | NEW | |
| AMERICAN ELEC PWR CO INC | AEP | $323.9K | 2,730 | -0.13pp | 2q | -70.0%-$755.6K | |
| BROOKFIELD RENEWABLE ENERGY | BEP | $314.2K | 11,130 | - | new | NEW | |
| NUTRIEN LTD | NTR | $314.0K | 4,460 | -0.19pp | 3q | -83.5%-$1.6M | |
| JAPAN SMALLER CAPITALIZATION | JOF | $274.7K | 21,800 | flat | 14q | HELD | |
| VALERO ENERGY CORP | VLO | $242.6K | 626 | - | new | NEW | |
| BEL FUSE INC | BELFA | $223.4K | 1,130 | -0.24pp | 4q | -83.6%-$1.1M | |
| CURTISS WRIGHT CORP | CW | $217.5K | 400 | -0.06pp | 8q | -53.8%-$252.9K | |
| FRANKLIN TEMPLETON INC | BEN | $210.1K | 6,540 | - | new | NEW | |
| POWELL INDS INC | POWL | $208.3K | 1,129 | -0.27pp | 5q | -85.4%-$1.2M | |
| ELECTROVAYA INC | ELVA | $141.3K | 21,566 | -0.37pp | 4q | -92.2%-$1.7M | |
| KOPIN CORP | KOPN | $70.2K | 15,265 | flat | 4q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $199.3M | 26.3% |
| Semiconductors & Electronics | $73.0M | 9.6% |
| Software & IT Services | $65.1M | 8.6% |
| Energy | $47.1M | 6.2% |
| Biotech & Pharma | $46.6M | 6.1% |
| Transport & Logistics | $41.1M | 5.4% |
| Retail & Consumer | $37.8M | 5.0% |
| Mining & Metals | $36.4M | 4.8% |
| Autos & Aerospace | $27.0M | 3.6% |
| Computer Hardware | $23.2M | 3.1% |
| Real Estate | $20.1M | 2.6% |
| Telecom & Media | $19.3M | 2.5% |
| Other sectors | $116.1M | 15.3% |
| Not classified | $5.7M | 0.8% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -3.6% | +2.1% | -5.8% | 100% |
| Q2 2026 | +14.1% | +14.8% | -0.7% | 99% |
| Q1 2026 | +1.7% | -4.6% | +6.4% | 100% |
| Q4 2025 | +5.6% | +2.4% | +3.3% | 100% |
| Q3 2025 | +10.6% | +7.8% | +2.8% | 100% |
| Q2 2025 | +14.4% | +10.5% | +4.0% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.2% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.4% | 99% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $757.9M | 137 | 34 | 50 | 42 | 24 | 31.7% | 15 |
| Q2 2026 | $740.3M | 127 | 19 | 52 | 39 | 29 | 32.2% | 21 |
| Q1 2026 | $661.5M | 137 | 24 | 60 | 38 | 30 | 29.7% | 24 |
| Q4 2025 | $667.7M | 143 | 22 | 57 | 48 | 28 | 31.7% | 33 |
| Q3 2025 | $662.6M | 149 | 52 | 54 | 29 | 31 | 29.3% | 29 |
| Q2 2025 | $547.2M | 128 | 24 | 51 | 41 | 40 | 26.8% | 23 |
| Q1 2025 | $508.2M | 144 | 26 | 40 | 50 | 26 | 30.1% | 32 |
| Q4 2024 | $515.3M | 144 | 68 | 31 | 39 | 9 | 30.7% | 28 |
| Q3 2024 | $444.9M | 85 | 12 | 26 | 37 | 66 | 38.9% | 43 |
| Q2 2024 | $1.1B | 139 | 19 | 47 | 39 | 18 | 41.3% | 37 |
| Q1 2024 | $1.2B | 138 | 22 | 22 | 86 | 13 | 39.0% | 26 |
| Q4 2023 | $1.2B | 129 | 25 | 33 | 56 | 23 | 43.9% | 29 |
| Q3 2023 | $1.1B | 127 | 23 | 34 | 46 | 33 | 43.3% | 45 |
| Q2 2023 | $1.6B | 137 | 31 | 34 | 59 | 25 | 40.2% | 39 |
| Q1 2023 | $1.2B | 131 | 30 | 39 | 48 | 28 | 39.2% | 28 |
| Q4 2022 | $1.3B | 129 | 30 | 31 | 50 | 25 | 43.4% | 52 |
| Q3 2022 | $1.2B | 124 | 18 | 27 | 57 | 29 | 47.4% | 161 |
| Q2 2022 | $1.4B | 135 | 29 | 30 | 63 | 42 | 50.0% | 253 |
| Q1 2022 | $2.1B | 148 | 37 | 41 | 60 | 42 | 47.6% | 344 |
| Q4 2021 | $2.1B | 153 | 20 | 53 | 48 | 22 | 48.4% | 434 |
| Q3 2021 | $1.9B | 155 | 8 | 54 | 35 | 29 | 50.7% | 526 |
| Q2 2021 | $2.1B | 176 | 27 | 53 | 53 | 25 | 52.8% | 618 |
| Q1 2021 | $2.0B | 174 | 30 | 50 | 55 | 13 | 51.8% | 709 |
| Q4 2020 | $1.8B | 157 | 0 | 0 | 0 | 0 | 51.2% | 799 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.