13F holdings
Beutel, Goodman & Co Ltd. portfolio
Managed by . 170 reported positions worth $14.8B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$14.8B
Book value
170
Positions
30%
Top 10 weight
+12
New this quarter
-16
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (12)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| GIL | Gildan Activewear | $189.7M | 3,418,154 | 1.29% |
| BDX | Becton Dickinson & Co | $151.4M | 963,199 | 1.03% |
| MRSH | Marsh & McLennan | $135.3M | 779,770 | 0.92% |
| SYY | Sysco | $128.9M | 1,807,237 | 0.87% |
| MDA | MDA Space | $48.8M | 1,930,691 | 0.33% |
| BBUC | Brookfield Business Corporation | $28.6M | 908,525 | 0.19% |
| UL | Unilever plc | $534,000 | 9,382 | 0.00% |
| VSNT | Versant Media Group Inc | $30,000 | 837 | 0.00% |
| NVDA | NVIDIA | $23,000 | 132 | 0.00% |
| WCN | Waste Connections | $12,000 | 76 | 0.00% |
| VONV | VANGUARD RUSSELL 1000 VAL ETF | $1,000 | 16 | 0.00% |
| NKE | Nike | $0 | 1 | 0.00% |
Closed out (16)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| CPB | The Campbells Company | $174.7M | 6,267,644 | 0.00% |
| HOG | Harley Davidson Inc | $130.7M | 6,377,492 | 0.00% |
| Brookfield Business Part | Brookfield Business Partners | $20.7M | 584,663 | 0.00% |
| Brookfield Business Part | Brookfield Business Partners | $11.8M | 330,454 | 0.00% |
| Unilever plc | Unilever plc | $477,000 | 7,298 | 0.00% |
| EIX | Edison International | $45,000 | 750 | 0.00% |
| KKR | KKR & CO Inc. | $15,000 | 125 | 0.00% |
| NFLX | NETFLIX Inc. | $15,000 | 170 | 0.00% |
| TFII | TFI International | $15,000 | 145 | 0.00% |
| UBER | UBER Technologies Inc. | $15,000 | 190 | 0.00% |
| DUK | Duke Energy Holding Corp. | $11,000 | 100 | 0.00% |
| ED | Consolidated Edison | $9,000 | 100 | 0.00% |
| IBB | iShares Biotechnology ETF | $7,000 | 45 | 0.00% |
| CLOU | Global X Cloud Computing ETF | $6,000 | 270 | 0.00% |
| SBUX | Starbucks Corp | $5,000 | 70 | 0.00% |
| MEOH | Methanex Corp. | $3,000 | 95 | 0.00% |
Added to (18)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NTAP | NetApp | $373.0M | 3,642,465 | 2.53% | +9% |
| DOX | Amdocs Ltd | $344.8M | 5,284,195 | 2.34% | +12% |
| QCOM | Qualcomm | $310.1M | 2,408,283 | 2.10% | +27% |
| ELV | Elevance Health | $259.6M | 886,724 | 1.76% | +8% |
| UNP | Union Pacific Corp. | $258.6M | 1,066,009 | 1.75% | +59957% |
| BAM | Brookfield Asset Management | $230.0M | 5,189,113 | 1.56% | +168% |
| BGSI | Boyd Group Services | $219.3M | 1,723,423 | 1.49% | +10% |
| CIGI | Colliers Intl | $216.6M | 2,032,428 | 1.47% | +27% |
| WFC | Wells Fargo | $163.0M | 2,048,015 | 1.11% | +13450% |
| SPYG | SPDR Portfolio S&P 500 Growth | $25.6M | 261,658 | 0.17% | +4% |
| MICC | Magnum Ice Cream Company | $14.6M | 979,815 | 0.10% | +241% |
| GOOG | Alphabet | $4.4M | 15,202 | 0.03% | +61% |
| SNN | Smith & Nephew | $1.4M | 43,745 | 0.01% | +5% |
| IVV | iShares Core S&P 500 ETF | $1.2M | 1,849 | 0.01% | +69% |
| EXMOC | Exxon Mobil Corp. | $254,000 | 1,503 | 0.00% | +7% |
Trimmed (98)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| GLW | Corning Inc. | $445,000 | 3,275 | 0.00% | -71% |
| SOLV | Solventum Corp | $0 | 12 | 0.00% | -67% |
| TSM | Taiwan Semiconductor Manufacturing | $3.4M | 10,065 | 0.02% | -57% |
| PNC | PNC Financial Services Group | $10,000 | 50 | 0.00% | -50% |
| GOOGL | Alphabet Inc. Cl A | $2.5M | 8,590 | 0.02% | -47% |
| CVS | CVS Health | $421,000 | 5,865 | 0.00% | -46% |
| AMGN | Amgen Inc | $228.5M | 649,319 | 1.55% | -45% |
| KMB | Kimberly Clark Corp | $177.7M | 1,841,866 | 1.20% | -43% |
| NTR | Nutrien | $278.5M | 3,701,225 | 1.89% | -38% |
| BMO | Bank of Montreal | $418.8M | 3,101,868 | 2.84% | -38% |
| CNQ | Canadian Natural Resources Ltd. | $195.1M | 4,011,532 | 1.32% | -38% |
| CG | Carlyle Group | $73.5M | 1,518,992 | 0.50% | -38% |
| TRP | TC Energy | $235.8M | 3,778,289 | 1.60% | -38% |
| AMAT | Applied Materials | $152.0M | 444,766 | 1.03% | -37% |
| RBA | RB Global | $164.9M | 1,724,806 | 1.12% | -37% |
The book
Largest 150 of 170 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TD | Toronto Dominion Bk | $687.4M | 7,383,692 | 4.66% | — |
| RY | Royal Bank Cda | $581.0M | 3,605,831 | 3.94% | — |
| BMO | Bank of Montreal | $418.8M | 3,101,868 | 2.84% | — |
| WAB | WABTEC CORP | $412.1M | 1,648,944 | 2.79% | — |
| PPG | PPG Industries | $396.8M | 3,712,117 | 2.69% | — |
| EBAY | Ebay Inc | $389.3M | 4,277,227 | 2.64% | — |
| MDT | Medtronic PLC | $387.3M | 4,469,174 | 2.63% | — |
| CB | Chubb Limited | $377.1M | 1,157,024 | 2.56% | — |
| QSR | Restaurant Brands International | $376.1M | 5,098,410 | 2.55% | — |
| NTAP | NetApp | $373.0M | 3,642,465 | 2.53% | — |
| MRK | Merck& Co Inc | $364.5M | 3,029,891 | 2.47% | — |
| RCI | Rogers Communications | $363.8M | 9,491,032 | 2.47% | — |
| MFC | Manulife Fincl Corp | $347.4M | 10,117,802 | 2.36% | — |
| DOX | Amdocs Ltd | $344.8M | 5,284,195 | 2.34% | — |
| CP | Canadian Pacific Kansas City | $322.5M | 4,111,721 | 2.19% | — |
| OMC | Omnicom Group | $310.9M | 4,128,466 | 2.11% | — |
| QCOM | Qualcomm | $310.1M | 2,408,283 | 2.10% | — |
| AMP | Ameriprise Financial | $293.1M | 659,562 | 1.99% | — |
| NTR | Nutrien | $278.5M | 3,701,225 | 1.89% | — |
| GFL | GFL Environmental | $276.0M | 6,637,498 | 1.87% | — |
| CMCSA | Comcast Corp | $273.8M | 9,535,358 | 1.86% | — |
| GIB | CGI Group | $271.9M | 3,731,273 | 1.84% | — |
| SU | Suncor Energy | $269.4M | 4,086,562 | 1.83% | — |
| ELV | Elevance Health | $259.6M | 886,724 | 1.76% | — |
| UNP | Union Pacific Corp. | $258.6M | 1,066,009 | 1.75% | — |
| CNI | Cdn Natl Railway | $247.8M | 2,415,690 | 1.68% | — |
| TRP | TC Energy | $235.8M | 3,778,289 | 1.60% | — |
| BAM | Brookfield Asset Management | $230.0M | 5,189,113 | 1.56% | — |
| AMGN | Amgen Inc | $228.5M | 649,319 | 1.55% | — |
| FTS | Fortis Inc | $220.9M | 3,972,034 | 1.50% | — |
| BGSI | Boyd Group Services | $219.3M | 1,723,423 | 1.49% | — |
| CIGI | Colliers Intl | $216.6M | 2,032,428 | 1.47% | — |
| AXP | American Express Co | $201.0M | 664,522 | 1.36% | — |
| GEN | Gen Digital | $195.6M | 10,387,394 | 1.33% | — |
| CNQ | Canadian Natural Resources Ltd. | $195.1M | 4,011,532 | 1.32% | — |
| MAS | Masco | $191.2M | 3,166,441 | 1.30% | — |
| GIL | Gildan Activewear | $189.7M | 3,418,154 | 1.29% | — |
| SLF | Sun Life Fncl Inc | $181.5M | 2,907,092 | 1.23% | — |
| KMB | Kimberly Clark Corp | $177.7M | 1,841,866 | 1.20% | — |
| CMI | Cummins Inc | $174.1M | 323,652 | 1.18% | — |
| RBA | RB Global | $164.9M | 1,724,806 | 1.12% | — |
| WFC | Wells Fargo | $163.0M | 2,048,015 | 1.11% | — |
| CAE | CAE Inc | $161.7M | 6,228,487 | 1.10% | — |
| BN | Brookfield Corporation | $160.7M | 3,977,934 | 1.09% | — |
| ATS | ATS Corp | $153.3M | 5,454,749 | 1.04% | — |
| AMAT | Applied Materials | $152.0M | 444,766 | 1.03% | — |
| BDX | Becton Dickinson & Co | $151.4M | 963,199 | 1.03% | — |
| FNV | Franco Nevada Corp | $148.4M | 601,308 | 1.01% | — |
| FLS | Flowserve Corp | $147.6M | 2,007,525 | 1.00% | — |
| SEIC | SEI Investments | $139.1M | 1,773,154 | 0.94% | — |
| BLK | BlackRock | $138.0M | 143,485 | 0.94% | — |
| MRSH | Marsh & McLennan | $135.3M | 779,770 | 0.92% | — |
| SYY | Sysco | $128.9M | 1,807,237 | 0.87% | — |
| OTEX | Open Text Corp | $113.7M | 5,118,468 | 0.77% | — |
| CG | Carlyle Group | $73.5M | 1,518,992 | 0.50% | — |
| AGI | Alamos Gold | $67.6M | 1,525,351 | 0.46% | — |
| COR | Cencora | $59.8M | 190,412 | 0.41% | — |
| MDA | MDA Space | $48.8M | 1,930,691 | 0.33% | — |
| TFPM | Triple Flag Precious Metals | $41.3M | 1,193,676 | 0.28% | — |
| BBUC | Brookfield Business Corporation | $28.6M | 908,525 | 0.19% | — |
| DCBO | Docebo | $27.3M | 1,561,781 | 0.18% | — |
| EPRX | Eupraxia Pharmaceuticals | $26.4M | 3,666,465 | 0.18% | — |
| SPYG | SPDR Portfolio S&P 500 Growth | $25.6M | 261,658 | 0.17% | — |
| CM | Canadian Imperial Bk | $18.6M | 197,192 | 0.13% | — |
| MICC | Magnum Ice Cream Company | $14.6M | 979,815 | 0.10% | — |
| EMA | Emera | $14.3M | 275,963 | 0.10% | — |
| DNN | Denison Mines Corp | $13.2M | 3,737,515 | 0.09% | — |
| BEP | Brookfield Renewable Partners | $11.2M | 344,295 | 0.08% | — |
| BNS | Bank of Nova Scotia | $10.9M | 158,376 | 0.07% | — |
| MSFT | Microsoft | $10.9M | 29,552 | 0.07% | — |
| AAPL | Apple | $10.6M | 41,602 | 0.07% | — |
| PBA | Pembina Pipeline Corp. | $10.0M | 223,236 | 0.07% | — |
| JNJ | Johnson & Johnson | $9.3M | 38,146 | 0.06% | — |
| JPM | JPMorgan Chase & Co. | $9.2M | 31,400 | 0.06% | — |
| JCI | Johnson Controls International | $8.8M | 67,320 | 0.06% | — |
| AEM | Agnico-Eagle Mines Ltd. | $7.9M | 39,187 | 0.05% | — |
| CSCO | Cisco Systems | $7.9M | 101,460 | 0.05% | — |
| TRI4EUR | Thomson Reuters Corp-NEW | $5.4M | 59,891 | 0.04% | — |
| HONGBP | Honeywell Intl. | $4.9M | 21,605 | 0.03% | — |
| GOOG | Alphabet | $4.4M | 15,202 | 0.03% | — |
| IMO | Imperial Oil | $3.8M | 28,835 | 0.03% | — |
| EFA | iShares MSCI EAFE ETF | $3.7M | 37,794 | 0.02% | — |
| PEP | PepsiCo Inc | $3.6M | 23,305 | 0.02% | — |
| TSM | Taiwan Semiconductor Manufacturing | $3.4M | 10,065 | 0.02% | — |
| ENB | Enbridge Inc. | $3.4M | 62,267 | 0.02% | — |
| COST | CostCo Wholesale | $3.1M | 3,099 | 0.02% | — |
| ETN | Eaton Corporation PLC | $3.0M | 8,403 | 0.02% | — |
| ACN | Accenture PLC | $2.9M | 14,645 | 0.02% | — |
| NVS | Novartis | $2.9M | 18,824 | 0.02% | — |
| MMM | 3M Company | $2.6M | 17,845 | 0.02% | — |
| CVE | Cenovus Energy | $2.5M | 95,506 | 0.02% | — |
| ABT | Abbott Lab | $2.5M | 24,570 | 0.02% | — |
| GOOGL | Alphabet Inc. Cl A | $2.5M | 8,590 | 0.02% | — |
| TU | TELUS | $2.3M | 182,371 | 0.02% | — |
| PSLV | Sprott Physical Silver T/U | $2.3M | 92,500 | 0.02% | — |
| WMT | Wal-Mart Stores | $2.2M | 17,393 | 0.01% | — |
| DEO | Diageo PLC | $2.1M | 28,860 | 0.01% | — |
| NVO | Novo Nordisk ADR | $2.1M | 57,713 | 0.01% | — |
| VZ | Verizon Communications | $2.0M | 40,345 | 0.01% | — |
| PG | Procter & Gamble | $1.9M | 13,495 | 0.01% | — |
| AQN | Algonquin Power & Utilities | $1.5M | 243,220 | 0.01% | — |
| MDLZ | Mondelez Int'l Inc. 'A' | $1.4M | 25,075 | 0.01% | — |
| PHYS | Sprott Physical Gold T/U | $1.4M | 39,500 | 0.01% | — |
| SNN | Smith & Nephew | $1.4M | 43,745 | 0.01% | — |
| DIS | Walt Disney | $1.3M | 13,500 | 0.01% | — |
| IVV | iShares Core S&P 500 ETF | $1.2M | 1,849 | 0.01% | — |
| MO | Altria Group | $1.2M | 18,000 | 0.01% | — |
| TMO | Thermo Fisher Scientific Inc. | $1.2M | 2,360 | 0.01% | — |
| EMR | Emerson Electric | $685,000 | 5,230 | 0.00% | — |
| GSK | GSK PLC | $586,000 | 10,630 | 0.00% | — |
| BEPC | Brookfield Renewable | $559,000 | 14,073 | 0.00% | — |
| UL | Unilever plc | $534,000 | 9,382 | 0.00% | — |
| BIP | Brookfield Infrastructure Partners | $515,000 | 14,273 | 0.00% | — |
| CVX | Chevron Corporation | $494,000 | 2,390 | 0.00% | — |
| WPM | Wheaton Precious Metals Corp. | $457,000 | 3,500 | 0.00% | — |
| GLW | Corning Inc. | $445,000 | 3,275 | 0.00% | — |
| NEM | Newmont Mining Corp. | $433,000 | 4,000 | 0.00% | — |
| CVS | CVS Health | $421,000 | 5,865 | 0.00% | — |
| SGI | Somnigroup International | $416,000 | 5,635 | 0.00% | — |
| SOLS | Solstice Advanced Materials | $365,000 | 4,795 | 0.00% | — |
| XLV | Health Care Select Sector SPDR | $337,000 | 2,302 | 0.00% | — |
| EXMOC | Exxon Mobil Corp. | $254,000 | 1,503 | 0.00% | — |
| WM | Waste Management Inc | $183,000 | 800 | 0.00% | — |
| QQQ | Invesco QQQ Trust | $176,000 | 305 | 0.00% | — |
| BCE | BCE | $173,000 | 6,905 | 0.00% | — |
| SHW | Sherwin Williams Co. | $160,000 | 500 | 0.00% | — |
| TJX | TJX companies | $159,000 | 1,000 | 0.00% | — |
| SAP | SAP SE ADR | $128,000 | 750 | 0.00% | — |
| BRK/B | Berkshire Hathaway Inc. Cl. B | $124,000 | 260 | 0.00% | — |
| SPY | SPDR S&P 500 ETF Trust | $118,000 | 182 | 0.00% | — |
| CL | Colgate Palmolive | $93,000 | 1,100 | 0.00% | — |
| TSLA | Tesla Motors Inc. | $83,000 | 225 | 0.00% | — |
| MS | Morgan Stanley | $82,000 | 500 | 0.00% | — |
| AMZN | Amazon | $77,000 | 371 | 0.00% | — |
| HD | Home Depot | $55,000 | 168 | 0.00% | — |
| ECL | Ecolab Inc. | $53,000 | 200 | 0.00% | — |
| IBM | IBM Corp. | $50,000 | 210 | 0.00% | — |
| V | Visa Inc | $47,000 | 157 | 0.00% | — |
| MGA | Magna Intl Inc | $44,000 | 800 | 0.00% | — |
| BIPC | Brookfield Infrastructure Corporat | $38,000 | 987 | 0.00% | — |
| MCD | McDonald's Corp. | $38,000 | 125 | 0.00% | — |
| WRN | Western Copper & Gold Corp. | $37,000 | 14,790 | 0.00% | — |
| PFE | Pfizer Inc. | $30,000 | 1,100 | 0.00% | — |
| VSNT | Versant Media Group Inc | $30,000 | 837 | 0.00% | — |
| DVY | iShares Select Dividend ETF | $29,000 | 195 | 0.00% | — |
| DE | Deere & Co. | $28,000 | 50 | 0.00% | — |
| IYH | iShares US Healthcare ETF | $28,000 | 460 | 0.00% | — |
| MBB | iShares MBS ETF | $25,000 | 270 | 0.00% | — |
| BAC | Bank of America Corp. | $24,000 | 500 | 0.00% | — |
| NVDA | NVIDIA | $23,000 | 132 | 0.00% | — |
This table is the 150 largest positions by value, out of 170 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Beutel, Goodman & Co Ltd. (CIK 1361974, accession 0001361974-26-000007). Every other 13F site is reading the same file.
One quirk worth naming: this manager still reports position values in thousands, although Form 13F has required whole dollars since 2023. We detect that by comparing this filing’s implied price per share against what every other manager holding the same securities reported for them this quarter — and multiply by 1,000. Figures on this page are therefore 1,000x the numbers you will read in the document itself.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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