Beutel, Goodman portfolio
Investment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Nov 4, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Beutel, Goodman reported a $12.7 bn portfolio of 160 companies (162 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are TD, BMO, RY. During the quarter it opened Clorox.
Sections with a free account
What it reported after the quarter end (Q3 2026)
The 13F shows the portfolio as of Sep 30, 2026. Since then Beutel, Goodman has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
116 positions with a change (6 new, 15 added to, 91 trimmed, 4 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Pepsico+9,926%more sharesIncreasedunder 0.1% → 2.3%
- Qualcomm+88%more sharesIncreased1.4% → 2.8%
- Clorox+1.2 ppof portfolioNew— → 1.3%
- NetApp−38%fewer sharesReduced2.2% → 2.0%
- TE Connectivity+2,545,072%more sharesIncreasedunder 0.1% → 1.1%
- Merck−43%fewer sharesReduced2.0% → 1.4%
- Kimberly Clark−99.7%fewer sharesReduced1.1% → under 0.1%
- Gen Digital−99.8%fewer sharesReduced1.1% → under 0.1%
- Franco Nevada+61%more sharesIncreased1.2% → 2.5%
- Canadian Pacific Kansas City−38%fewer sharesReduced2.3% → 1.5%
- Comcast−99.5%fewer sharesReduced0.8% → under 0.1%
- SEI Investments−56%fewer sharesReduced1.0% → 0.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Toronto Dominion BankTD5.4%
- Bank of MontrealBMO3.3%
- Royal Bank of CanadaRY3.1%
- QualcommQCOM2.8%
- eBayEBAY2.7%
- Becton, DickinsonBDX2.6%
- MedtronicMDT2.5%
- PPG IndustriesPPG2.5%
- Franco NevadaFNV2.5%
- Suncor EnergySU2.4%
- Canadian Natural ResourcesCNQ2.3%
- ChubbCB2.3%
- PepsicoPEP2.3%
- Restaurant Brands InternationalQSR2.2%
- Union PacificUNP2.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 30%
- ● Industrials 17%
- ● Health Care 11%
- ● Information Technology 11%
- ● Consumer Discretionary 10%
- ● Materials 7%
- ● Energy 6%
- ● Consumer Staples 4%
- ● Communication Services 2%
- ● Utilities 2%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q3 2026: 162
Q3 2026: 30%
Q3 2026: 11.2%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q1 2025 ↗filed May 12, 2025Amendment of May 14, 2025 (replaces the original) ↗
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 30, 2026 (medium confidence).
The data, as reported: BEUTEL, GOODMAN & COMPANY LTD. (CRD 135829): Institutional mandates; 5.D assets by client type: pension plans 33%, corporations 19%, other advisers 16%, governments 10% (of $36.1 bn); 5.F 1847 accounts, 19% non-discretionary; 5.D 1847 clients, 1480 individuals
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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