PICTON MAHONEY ASSET MANAGEMENT
CIK 1539041 · Holdings on Sep 30, 2025 · First reported Nov 12, 2025
Top ten holdings
Q3 2025- RY4.84%
- TD3.32%
- SHOP3.28%
- BN2.30%
- AEM2.18%
- CNQ2.11%
- CP2.04%
- MSFT1.76%
- NVDA1.75%
- ENB1.74%
Share classes counted separately25.32%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- WCNWeight decreased · -0.78 pp1.99% → 1.21%Shares -217.17K (-28.67%)
- VOEWeight increased · +0.73 pp0.17% → 0.90%Shares +334.16K (+463.05%)
- CPWeight decreased · -0.71 pp2.75% → 2.04%Shares -317.36K (-12.88%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | RYROYAL BANK OF CANADA View history and evidence | $379.83M | 4.84% | 2.58M shares | 4.65% → 4.84%+0.19 pp +63.72K (+2.53%) | Added | ↗▾ |
| 02 | TDTORONTO-DOMINION BANKCOM NEW View history and evidence | $259.99M | 3.32% | 3.25M shares | 3.77% → 3.32%-0.45 pp -399.07K (-10.93%) | Reduced | ↗▾ |
| 03 | SHOPSHOPIFY INC - CLASS ACL A SUB VTG SHS View history and evidence | $257.12M | 3.28% | 1.73M shares | 2.85% → 3.28%+0.43 pp -28.67K (-1.63%) | Reduced | ↗▾ |
| 04 | BNBROOKFIELD CORPCL A LTD VT SH View history and evidence | $180.35M | 2.30% | 2.63M shares | 1.98% → 2.30%+0.32 pp +348.82K (+15.30%) | Added | ↗▾ |
| 05 | AEMAGNICO EAGLE MINES LTD View history and evidence | $171.32M | 2.18% | 1.02M shares | 1.89% → 2.18%+0.29 pp -112.34K (-9.94%) | Reduced | ↗▾ |
| 06 | CNQCANADIAN NATURAL RESOURCES View history and evidence | $165.28M | 2.11% | 5.17M shares | 2.29% → 2.11%-0.18 pp -23.45K (-0.45%) | Reduced | ↗▾ |
| 07 | CPCANADIAN PACIFIC KANSAS CITY View history and evidence | $159.88M | 2.04% | 2.15M shares | 2.75% → 2.04%-0.71 pp -317.36K (-12.88%) | Reduced | ↗▾ |
| 08 | MSFTMICROSOFT CORP View history and evidence | $138.20M | 1.76% | 266.83K shares | 1.80% → 1.76%-0.04 pp +10.26K (+4.00%) | Added | ↗▾ |
| 09 | NVDANVIDIA CORP View history and evidence | $137.45M | 1.75% | 736.70K shares | 1.88% → 1.75%-0.13 pp -106.90K (-12.67%) | Reduced | ↗▾ |
| 10 | ENBENBRIDGE INC View history and evidence | $136.41M | 1.74% | 2.70M shares | 1.86% → 1.74%-0.12 pp -220.50K (-7.54%) | Reduced | ↗▾ |
Options overlay 23
$3.24B notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
HYGISHR IBX USD HIYLD CB ETF-UICALL View history and evidence | Call | 15.00M | $1.22B | +5.00M (+50.00%) | ▾ |
HYGISHR IBX USD HIYLD CB ETF-UIPUT View history and evidence | Put | 15.00M | $1.22B | +5.00M (+50.00%) | ▾ |
MTUMISHARES MSCI USA MOMENTUM FAPUT View history and evidence | Put | 640.00K | $164.13M | +640.00K | ▾ |
3 / 23 options · preview only
Exited positions 208
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| EFA ISHARES MSCI EAFE ETF | Call | -1,234,000 | -$266.29M | SEC filing ↗ | SEC filing ↗ |
| SLF SUN LIFE FINANCIAL INC | Non-derivative | -1,322,756 | -$87.66M | SEC filing ↗ | SEC filing ↗ |
| UNH UNITEDHEALTH GROUP INC | Call | -234,000 | -$73.00M | SEC filing ↗ | SEC filing ↗ |
3 / 208 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1539041 · Period 2025-09-30
Data loaded 2026-09-23 · First reported 2025-11-12
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 11082966
}Research all 1,069 reported holdings.
This page includes 30 of 1,069 reported holdings. Sign in to look up the full history beyond 3 years, use advanced screening & filtering, download CSV, and get the complete set through the Akkru API.
- Download CSV
- Earlier quarters
- Advanced screening & filtering
- API & AI access
＋ New accounts get free API credits to explore data beyond ownership filings.
For AI agents & developers
The initial HTML of this page carries its exact data as script#portfolio-data (JSON): values, units, scope, preview limits and SEC sources. Read it directly, no script or API key needed; script#research-access says what needs an account. This page lists 30 of 1,069 current positions (options included); totals and weights use the complete filing.
Without an account: the last 3 years, with the row caps stated on the page. A free account opens all history on file on these pages and the CSV of what a page shows. Rows beyond the caps and bulk retrieval go through the authenticated API / MCP.
MCP https://api.akkrudata.ai/mcp
get_institutional_portfolio
{"cik":"1539041","quarter":"2025Q3","page_size":100}
get_institutional_manager_history
{"cik":"1539041","page_size":100}Connect to MCP with OAuth and follow the returned pagination. Credits and usage limits depend on the account.
- MCP endpoint
- https://api.akkrudata.ai/mcp
- API / MCP documentation
- /documents
- llms.txt
- /llms.txt
Sources, coverage & how to read this data
Figures are as reported to the SEC and merged with later amendments where Akkru could match them. Preview limits apply to what is listed, not to the totals, which come from the complete reported data. Nothing is zero-filled: a missing quarter or month is shown as missing.