ONTARIO TEACHERS PENSION PLAN BOARD

Toronto, A6 · CIK 937567 · 13F filing filed 2026-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityOntario Teachers' Pension Plan Board (CA)

$15.7bn reported value +358.6% vs Q1 2026

55positions

80.8%in top 10

26 new 10 added 9 reduced 128 sold out vs Q1 2026

Options: 0 call positions (— notional), 5 put positions ($33.1m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

2698945 Ontario Ltd – reports through this filing
2774719 Ontario Ltd – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	50,676,250	$8.7bn55.01%	55.01%	New
2	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	22,450,784	$824.7m5.24%	5.24%	Unchanged
3	ISHARES TR IBOXX HI YD ETF HYG	HYG	8,950,000	$715.7m4.55%	4.55%	Added +2.4m	+2,380,000 36.2%
4	ISHARES TR IBOXX INV CP ETF LQD	LQD	6,350,000	$692.6m4.40%	4.40%	New
5	ENBRIDGE INC COM ENB	ENB	8,634,722	$467.8m2.97%	2.97%	New
6	WILLIAMS COS INC COM WMB	WMB	4,426,879	$329.1m2.09%	2.09%	New
7	AMERICAN TOWER CORP NEW COM AMT	AMT	1,784,357	$291.9m1.85%	1.85%	New
8	TC ENERGY CORP COM TRP	TRP	4,140,461	$273.9m1.74%	1.74%	New
9	KINDER MORGAN INC DEL COM KMI	KMI	7,488,168	$239.4m1.52%	1.52%	New
10	TARGA RES CORP COM TRGP	TRGP	820,971	$220.1m1.40%	1.40%	New
11	ONEOK INC NEW COM OKE	OKE	2,354,175	$204.7m1.30%	1.30%	New
12	SEMPRA COM SRE	SRE	2,075,296	$192.4m1.22%	1.22%	New
13	CHENIERE ENERGY INC COM NEW LNG	LNG	794,662	$189.9m1.21%	1.21%	New
14	EXELON CORP COM EXC	EXC	3,852,951	$179.6m1.14%	1.14%	New
15	X-ENERGY INC COM CL A XE	XE	8,464,443	$155.4m0.99%	0.99%	New
16	CONSOLIDATED EDISON INC COM ED	ED	1,388,306	$153.6m0.98%	0.98%	Added +1.4m	+1,384,601 37371.2%
17	PONY AI INC SPONSORED ADS PONY	PONY	21,641,766	$150.4m0.96%	0.96%	Added +15.1m	+15,149,236 233.3%
18	FERROVIAL SE ORD SHS FER	FER	2,154,592	$147.6m0.94%	0.94%	New
19	CROWN CASTLE INC COM CCI	CCI	1,668,256	$126.3m0.80%	0.80%	Added +1.7m	+1,660,475 21340.1%
20	FORTIS INC COM FTS	FTS	2,001,045	$114.5m0.73%	0.73%	New
21	EDISON INTL COM EIX	EIX	1,471,725	$109.6m0.70%	0.70%	New
22	CENTERPOINT ENERGY INC COM CNP	CNP	2,410,776	$106.2m0.67%	0.67%	Added +2.4m	+2,394,685 14882.1%
23	PEMBINA PIPELINE CORP COM PBA	PBA	2,292,937	$106.0m0.67%	0.67%	New
24	EVERSOURCE ENERGY COM ES	ES	1,437,437	$103.9m0.66%	0.66%	Added +1.4m	+1,409,114 4975.2%
25	ATMOS ENERGY CORP COM ATO	ATO	586,175	$101.0m0.64%	0.64%	New
26	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	707,069	$93.0m0.59%	0.59%	New
27	NISOURCE INC COM NI	NI	1,750,406	$83.2m0.53%	0.53%	Added +1.7m	+1,722,650 6206.4%
28	CARRIER GLOBAL CORPORATION COM CARR	CARR	890,797	$65.3m0.42%	0.42%	Reduced -411.3k	-411,334 -31.6%
29	FERRARI N V COM RACE	RACE	147,354	$54.6m0.35%	0.35%	New
30	EATON CORP PLC SHS ETN	ETN	123,897	$52.8m0.34%	0.34%	Reduced -112.1k	-112,073 -47.5%
31	SNOWFLAKE INC CL A SNOW	SNOW	203,751	$51.9m0.33%	0.33%	Reduced -144.0k	-143,956 -41.4%
32	SEABRIDGE GOLD INC COM SA	SA	1,747,341	$45.0m0.29%	0.29%	New
33	T-MOBILE US INC COM TMUS	TMUS	261,638	$43.9m0.28%	0.28%	Added +51.0k	+51,022 24.2%
34	UNITED RENTALS INC COM URI	URI	36,937	$41.8m0.27%	0.27%	New
35	TRAEGER INC COM NEW COOK	COOK	493,861	$38.9m0.25%	0.25%	Unchanged
36	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	148,373	$37.1m0.24%	0.24%	Added +50.2k	+50,215 51.2%
37	3M CO COM MMM	MMM	220,680	$35.7m0.23%	0.23%	New
38	ROSS STORES INC COM ROST	ROST	163,810	$34.9m0.22%	0.22%	Reduced -165.9k	-165,862 -50.3%
39	WALMART INC COM WMT	WMT	299,561	$33.9m0.22%	0.22%	Added +282.8k	+282,774 1684.5%
40	BURLINGTON STORES INC COM BURL	BURL	106,954	$33.9m0.22%	0.22%	Reduced -107.4k	-107,431 -50.1%
41	ROCKWELL AUTOMATION INC COM ROK	ROK	60,143	$29.8m0.19%	0.19%	Reduced -173.1k	-173,071 -74.2%
42	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	14,186	$28.2m0.18%	0.18%	Reduced -3.4k	-3,390 -19.3%
43	APPLIED MATLS INC COM AMAT	AMAT	25,536	$18.5m0.12%	0.12%	Reduced -6.9k	-6,878 -21.2%
44	VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT	VCLT	145,740	$11.0m0.07%	0.07%	New
45	SEA LTD NOTE 0.250% 9/1 · principal SEALTD 0.25 09.15.26 · principal	SEALTD 0.25 09.15.26	10,000,000	$9.9m0.06%	0.06%	Unchanged
46	UBER TECHNOLOGIES INC NOTE 0.875%12/0 · principal UBER 0.875 12.01.28 2028 · principal	UBER 0.875 12.01.28 2028	5,000,000	$6.0m0.04%	0.04%	Reduced -10.0m	-10,000,000 -66.7%
47	UBER TECHNOLOGIES INC NOTE 5/1 · principal UBER 0 05.15.28 · principal	UBER 0 05.15.28	5,000,000	$5.8m0.04%	0.04%	New
48	SNAP INC NOTE 5/0 · principal SNAP 0 05.01.27 · principal	SNAP 0 05.01.27	6,000,000	$5.7m0.04%	0.04%	Unchanged
49	MERITAGE HOMES CORP NOTE 1.750% 5/1 · principal MTH 1.75 05.15.28 · principal	MTH 1.75 05.15.28	5,000,000	$5.2m0.03%	0.03%	New
50	DROPBOX INC NOTE 3/0 · principal DBX 0 03.01.28 · principal	DBX 0 03.01.28	5,000,000	$5.1m0.03%	0.03%	Unchanged
51	SPECTRUM BRANDS INC NOTE 3.375% 6/0 · principal SPB 3.375 06.01.29 · principal	SPB 3.375 06.01.29	4,000,000	$4.1m0.03%	0.03%	Unchanged
52	SNAP INC NOTE 0.125% 3/0 · principal SNAP 0.125 03.01.28 · principal	SNAP 0.125 03.01.28	4,000,000	$3.7m0.02%	0.02%	Unchanged
53	AFFIRM HLDGS INC NOTE 0.750%12/1 · principal AFRM 0.75 12.15.29 · principal	AFRM 0.75 12.15.29	2,500,000	$2.9m0.02%	0.02%	Unchanged
54	UNITY SOFTWARE INC NOTE 11/1 · principal U 0 11.15.26 · principal	U 0 11.15.26	2,500,000	$2.5m0.02%	0.02%	Unchanged
55	CABLE ONE INC NOTE 1.125% 3/1 · principal CABO 1.125 03.15.28 · principal	CABO 1.125 03.15.28	1,250,000	$776.9k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SALESFORCE INC CRM	CRM	705,173	$131.6m705.2k shares
CAPITAL ONE FINL CORP COF	COF	683,205	$124.6m683.2k shares
PNC FINL SVCS GROUP INC PNC	PNC	550,668	$114.6m550.7k shares
NVIDIA CORPORATION NVDA	NVDA	536,898	$93.6m536.9k shares
ABBVIE INC ABBV	ABBV	326,361	$71.0m326.4k shares
CHIPOTLE MEXICAN GRILL INC CMG	CMG	2,137,948	$68.4m2.1m shares
MASTERCARD INCORPORATED MA	MA	107,644	$53.8m107.6k shares
PROGRESSIVE CORP PGR	PGR	266,694	$52.9m266.7k shares
ASTRAZENECA PLC AZN	AZN	265,640	$52.4m265.6k shares
SEABRIDGE GOLD INC		1,664,634	$47.2m1.7m shares
CUMMINS INC CMI	CMI	84,004	$45.2m84.0k shares
ATLASSIAN CORPORATION TEAM	TEAM	643,100	$43.9m643.1k shares
META PLATFORMS INC META	META	64,086	$36.7m64.1k shares
DISNEY WALT CO DIS	DIS	324,614	$31.3m324.6k shares
THERMO FISHER SCIENTIFIC INC TMO	TMO	59,473	$29.2m59.5k shares
ZIMMER BIOMET HOLDINGS INC ZBH	ZBH	270,876	$24.5m270.9k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	46,004	$22.3m46.0k shares
H WORLD GROUP LTD HTHT 3 05.01.26	HTHT 3 05.01.26	16,000,000	$21.0m16.0m shares
EDWARDS LIFESCIENCES CORP EW	EW	183,733	$14.7m183.7k shares
ELANCO ANIMAL HEALTH INC ELAN	ELAN	417,697	$10.0m417.7k shares
DANAHER CORPORATION DHR	DHR	50,401	$9.6m50.4k shares
BLOCK INC XYZ 0 05.01.26	XYZ 0 05.01.26	7,000,000	$7.0m7.0m shares
NUTANIX INC NTNX 0.25 10.01.27	NTNX 0.25 10.01.27	5,000,000	$5.1m5.0m shares
PORTLAND GEN ELEC CO POR	POR	95,936	$5.1m95.9k shares
PARK HOTELS & RESORTS INC PK	PK	473,823	$5.0m473.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BEAZER HOMES USA INC BZH · Put	BZH	Put	394,000	$11.1m394.0k shares	Unchanged
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	356,400	$6.4m356.4k shares	Reduced
IRON MTN INC DEL IRM · Put	IRM	Put	48,300	$6.1m48.3k shares	Unchanged
KB HOME KBH · Put	KBH	Put	77,200	$4.8m77.2k shares	Unchanged
POST HLDGS INC POST · Put	POST	Put	53,000	$4.7m53.0k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
TRAEGER INC COOK · 13G · filed 2026-05-11	COOK	18.0%≈ $38.9m		13G	2026-05-11
PONY AI INC PONY · 13G · filed 2025-02-07	PONY	8.1%	new	13G	2025-02-07
GFL ENVIRONMENTAL INC GFL · 13G · filed 2026-02-13	GFL	6.5%≈ $826.0m	-1.0 pts	13G	2026-02-13