Connor, Clark & Lunn Investment Management portfolio

What changed this quarter

1737 positions with a change (295 new, 698 added to, 552 trimmed, 192 sold); also, 2 entered through an IPO, 11 exited through an acquisition or merger, 2 entered through a spin-off. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Bank of Montreal+84%more sharesIncreased
  0.7% → 1.3%
• Broadcom+89%more sharesIncreased
  0.6% → 1.1%

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

• Royal Bank of CanadaRY4.3%
• Toronto Dominion BankTD2.7%
• NVIDIANVDA2.2%
• EnbridgeENB2.1%
• AppleAAPL2.0%
• AlphabetGOOGL · GOOG2.0%
• TC EnergyTRP1.9%
• Agnico Eagle MinesAEM1.8%
• Canadian Imperial Bank of CommerceCM1.7%
• Suncor EnergySU1.5%
• Canadian Pacific Kansas CityCP1.5%
• Invesco Msci USA ETFPBUS1.4%
• Amazon.comAMZN1.3%
• Bank of MontrealBMO1.3%
• Canadian National RailwayCNI1.3%
• ShopifySHOP1.3%
• CelesticaCLS1.3%
• MicrosoftMSFT1.2%
• BroadcomAVGO1.1%
• Bank of Nova ScotiaBNS1.1%
• Taiwan Semiconductor ManufacturingTSM1.1%
• ASML HoldingASML1.0%
• Micron TechnologyMU0.9%
• Advanced Micro DevicesAMD0.8%
• Waste ConnectionsWCN0.8%
• Cenovus EnergyCVE0.7%
• VisaV0.7%
• Lam ResearchLRCX0.6%
• EnerflexEFXT0.6%
• MDA SpaceMDA0.6%
• FortisFTS0.6%
• CamecoCCJ0.6%
• Barrick MiningB0.5%
• McDONALD’SMCD0.5%
• Berkshire HathawayBRK/B0.5%
• Kinross GoldKGC0.5%
• Union PacificUNP0.5%
• MastercardMA0.5%
• Charles SchwabSCHW0.5%
• Meta PlatformsMETA0.5%
• ChevronCVX0.5%
• Anheuser-Busch InBevBUD0.4%
• O Reilly AutomotiveORLY0.4%
• Manulife FinancialMFC0.4%
• JPMorgan ChaseJPM0.4%
• Hdfc BankHDB0.4%
• TeslaTSLA0.4%
• Eli LillyLLY0.4%
• QualcommQCOM0.4%
• BrookfieldBN0.4%
• Ameriprise FinancialAMP0.4%
• SynopsysSNPS0.4%
• Baytex EnergyBTE0.4%
• AbbVieABBV0.4%
• Wheaton Precious MetalsWPM0.4%
• Quanta ServicesPWR0.4%
• Seagate Technology HoldingsSTX0.4%
• TECK ResourcesTECK0.3%
• BoeingBA0.3%
• Bank of AmericaBAC0.3%
• Canadian Natural ResourcesCNQ0.3%
• Kinder MorganKMI0.3%
• Texas InstrumentsTXN0.3%
• Western DigitalWDC0.3%
• Morgan StanleyMS0.3%
• Costco WholesaleCOST0.3%
• RTXRTX0.3%
• UnileverUL0.3%
• Lowe'sLOW0.3%
• Brookfield Renewable PartnersBEP0.3%
• International Business MachinesIBM0.3%
• Vertiv HoldingsVRT0.3%
• IamgoldIAG0.3%
• CSXCSX0.3%
• Wells FargoWFC0.3%
• American ExpressAXP0.3%
• RB GlobalRBA0.3%
• LindeLIN0.3%
• British American Tobacco p.l.c.BTI0.3%
• Brookfield Infrastructure PartnersBIP0.3%
• Arista NetworksANET0.3%
• GSKGSK0.3%
• Restaurant Brands InternationalQSR0.3%
• SLBSLB0.3%
• Baker HughesBKR0.3%
• TFI InternationalTFII0.3%
• TJXTJX0.3%
• SprottSII0.3%
• Arthur J. GallagherAJG0.3%
• Franco NevadaFNV0.2%
• Pan American SilverPAAS0.2%
• Cisco SystemsCSCO0.2%
• Imperial OilIMO0.2%
• UnitedHealth GroupUNH0.2%
• CVS HealthCVS0.2%
• Freeport-McMoRanFCX0.2%
• BlackRockBLK0.2%
• American Airlines GroupAAL0.2%
• Lockheed MartinLMT0.2%