Alberta Investment Management Corp

EDMONTON, A0 · CIK 1463559 · 13F filing filed 2025-02-03

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.

$15.0bn reported value +29.5% vs Q3 2024

790positions

44.9%in top 10

155 new 202 added 127 reduced 129 sold out vs Q3 2024

Holdings, Q4 2024

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	ISHARES TR CORE S&P500 ETF IVV	IVV	5,660,361	$3.3bn22.22%	22.22%	Added +3.1m	+3,101,389 121.2%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,720,151	$1.6bn10.63%	10.63%	Added +1.2m	+1,187,698 77.5%
3	ROYAL BK CDA COM RY	RY	3,583,817	$431.9m2.88%	2.88%	Added +15.3k	+15,300 0.4%
4	BROOKFIELD CORP CL A LTD VT SH BN	BN	4,334,991	$249.0m1.66%	1.66%	Added +129.0k	+129,035 3.1%
5	TORONTO DOMINION BK ONT COM NEW TD	TD	4,497,998	$239.3m1.60%	1.60%	Reduced -170.7k	-170,721 -3.7%
6	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	2,039,645	$217.0m1.45%	1.45%	Added +299.5k	+299,510 17.2%
7	CANADIAN NAT RES LTD COM CNQ	CNQ	5,741,639	$177.2m1.18%	1.18%	Unchanged
8	AGNICO EAGLE MINES LTD COM AEM	AEM	2,097,601	$164.0m1.09%	1.09%	Added +4.2k	+4,200 0.2%
9	AMAZON COM INC COM AMZN	AMZN	742,860	$163.0m1.09%	1.09%	Added +228.6k	+228,645 44.5%
10	ENBRIDGE INC COM ENB	ENB	3,692,089	$156.6m1.04%	1.04%	Added +103.0k	+103,008 2.9%
11	CANADIAN PACIFIC KANSAS CITY COM CP	CP	2,133,371	$154.4m1.03%	1.03%	Added +172.9k	+172,935 8.8%
12	NVIDIA CORPORATION COM NVDA	NVDA	1,125,216	$151.1m1.01%	1.01%	Reduced -75.8k	-75,769 -6.3%
13	MANULIFE FINL CORP COM MFC	MFC	4,896,049	$150.3m1.00%	1.00%	Added +236.8k	+236,808 5.1%
14	ISHARES TR MSCI CHINA ETF MCHI	MCHI	2,979,356	$139.6m0.93%	0.93%	Added +1.2m	+1,191,466 66.6%
15	BANK MONTREAL QUE COM BMO	BMO	1,392,000	$135.1m0.90%	0.90%	Added +3.6k	+3,600 0.3%
16	TC ENERGY CORP COM TRP	TRP	2,868,232	$133.6m0.89%	0.89%	Added +105.0k	+104,973 3.8%
17	CANADIAN NATL RY CO COM CNI	CNI	1,188,302	$120.6m0.80%	0.80%	Reduced -80.9k	-80,896 -6.4%
18	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	2,126,600	$114.1m0.76%	0.76%	Added +44.8k	+44,800 2.1%
19	ALPHABET INC CAP STK CL A GOOGL	GOOGL	579,100	$109.6m0.73%	0.73%	Reduced -156.1k	-156,050 -21.2%
20	META PLATFORMS INC CL A META	META	181,584	$106.3m0.71%	0.71%	Reduced -35.3k	-35,300 -16.3%
21	CANADIAN IMPERIAL BANK OF CO COM CM	CM	1,572,963	$99.5m0.66%	0.66%	Added +671.0k	+671,028 74.4%
22	SUNCOR ENERGY INC NEW COM SU	SU	2,787,500	$99.4m0.66%	0.66%	Unchanged
23	CGI INC CL A SUB VTG GIB	GIB	893,061	$97.7m0.65%	0.65%	Reduced -171.9k	-171,905 -16.1%
24	MICROSOFT CORP COM MSFT	MSFT	230,035	$97.0m0.65%	0.65%	Added +114.2k	+114,179 98.5%
25	APPLE INC COM AAPL	AAPL	377,985	$94.7m0.63%	0.63%	Added +164.0k	+163,985 76.6%
26	TECK RESOURCES LTD CL B TECK	TECK	2,314,017	$93.8m0.63%	0.63%	Unchanged
27	ISHARES TR CORE S&P SCP ETF IJR	IJR	793,981	$91.5m0.61%	0.61%	Added +295.1k	+295,137 59.2%
28	PALO ALTO NETWORKS INC NOTE 0.375% 6/0 · principal PANW 0.375 06.01.25 · principal	PANW 0.375 06.01.25	25,000,000	$91.3m0.61%	0.61%	Unchanged
29	YUM CHINA HLDGS INC COM YUMC	YUMC	1,767,816	$85.2m0.57%	0.57%	Reduced -50.0k	-50,025 -2.8%
30	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	626,422	$85.1m0.57%	0.57%	Added +20.8k	+20,794 3.4%
31	INTERDIGITAL INC NOTE 3.500% 6/0 · principal IDCC 3.5 06.01.27 · principal	IDCC 3.5 06.01.27	30,000,000	$75.7m0.51%	0.51%	Unchanged
32	VISA INC COM CL A V	V	237,070	$74.9m0.50%	0.50%	Added +83.2k	+83,215 54.1%
33	SUN LIFE FINANCIAL INC. COM SLF	SLF	1,257,900	$74.7m0.50%	0.50%	Reduced -317.9k	-317,875 -20.2%
34	GILEAD SCIENCES INC COM GILD	GILD	750,000	$69.3m0.46%	0.46%	Reduced -151.2k	-151,193 -16.8%
35	WASTE CONNECTIONS INC COM WCN	WCN	400,668	$68.7m0.46%	0.46%	Added +2.5k	+2,500 0.6%
36	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	1,259,943	$68.3m0.46%	0.46%	Added +121.1k	+121,067 10.6%
37	CENOVUS ENERGY INC COM CVE	CVE	4,494,400	$68.1m0.45%	0.45%	Added +411.0k	+411,000 10.1%
38	MERCADOLIBRE INC COM MELI	MELI	38,449	$65.4m0.44%	0.44%	Reduced -2.0k	-2,028 -5.0%
39	PEMBINA PIPELINE CORP COM PBA	PBA	1,748,305	$64.6m0.43%	0.43%	Reduced -86.0k	-86,002 -4.7%
40	LIBERTY MEDIA CORP DEL COM LBTY LIV S A COM LBTY LIV S A		959,951	$63.9m0.43%	0.43%	Unchanged
41	RESTAURANT BRANDS INTL INC COM QSR	QSR	914,500	$59.6m0.40%	0.40%	Added +6.0k	+6,000 0.7%
42	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	28,176	$59.5m0.40%	0.40%	Reduced -2.0k	-2,000 -6.6%
43	AXON ENTERPRISE INC NOTE 0.500%12/1 · principal AXON 0.5 12.15.27 · principal	AXON 0.5 12.15.27	22,500,000	$58.6m0.39%	0.39%	Added +2.5m	+2,500,000 12.5%
44	ROYAL CARIBBEAN GROUP NOTE 6.000% 8/1 · principal RCL 6 08.15.25 · principal	RCL 6 08.15.25	12,500,000	$58.4m0.39%	0.39%	Unchanged
45	GILDAN ACTIVEWEAR INC COM GIL	GIL	1,234,800	$58.1m0.39%	0.39%	Unchanged
46	STANTEC INC COM STN	STN	732,655	$57.5m0.38%	0.38%	Unchanged
47	FRANCO NEV CORP COM FNV	FNV	484,351	$56.9m0.38%	0.38%	Reduced -10.6k	-10,626 -2.1%
48	VESTIS CORPORATION COM SHS VSTS	VSTS	3,718,833	$56.7m0.38%	0.38%	Reduced -152.6k	-152,600 -3.9%
49	FORTIS INC COM FTS	FTS	1,361,416	$56.5m0.38%	0.38%	Reduced -40.5k	-40,540 -2.9%
50	ISHARES TR EAFE SML CP ETF SCZ	SCZ	905,092	$55.0m0.37%	0.37%	Added +340.0k	+340,035 60.2%
51	AMERICAN EXPRESS CO COM AXP	AXP	185,000	$54.9m0.37%	0.37%	Reduced -12.8k	-12,800 -6.5%
52	THOMSON REUTERS CORP COM COM		341,471	$54.8m0.37%	0.37%	Reduced -11.4k	-11,411 -3.2%
53	BAUSCH PLUS LOMB CORP COMMON SHARES BLCO	BLCO	3,008,193	$54.3m0.36%	0.36%	Added +796.4k	+796,400 36.0%
54	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	502,279	$51.9m0.35%	0.35%	Added +3.6k	+3,600 0.7%
55	LAUDER ESTEE COS INC CL A EL	EL	675,340	$50.6m0.34%	0.34%	Added +52.8k	+52,840 8.5%
56	ALPHABET INC CAP STK CL C GOOG	GOOG	257,800	$49.1m0.33%	0.33%	Added +149.8k	+149,805 138.7%
57	CENTENE CORP DEL COM CNC	CNC	804,900	$48.8m0.33%	0.33%	Added +105.0k	+105,000 15.0%
58	NETFLIX INC COM NFLX	NFLX	53,479	$47.7m0.32%	0.32%	Reduced -900	-900 -1.7%
59	SPECTRUM BRANDS HLDGS INC NE COM SPB	SPB	563,300	$47.6m0.32%	0.32%	Unchanged
60	DOORDASH INC CL A DASH	DASH	281,497	$47.2m0.31%	0.31%	Reduced -135.7k	-135,737 -32.5%
61	WHEATON PRECIOUS METALS CORP COM WPM	WPM	787,751	$44.3m0.30%	0.30%	Unchanged
62	ENDAVA PLC ADS DAVA	DAVA	1,384,902	$42.8m0.29%	0.29%	Added +118.1k	+118,081 9.3%
63	CAMECO CORP COM CCJ	CCJ	822,768	$42.3m0.28%	0.28%	Reduced -42.0k	-42,022 -4.9%
64	CNX RES CORP NOTE 2.250% 5/0 · principal CNX 2.25 05.01.26 · principal	CNX 2.25 05.01.26	14,500,000	$41.6m0.28%	0.28%	Added +5.0m	+5,000,000 52.6%
65	TFI INTL INC COM TFII	TFII	302,391	$40.8m0.27%	0.27%	Added +58.8k	+58,775 24.1%
66	HESS CORP COM HES	HES	305,880	$40.7m0.27%	0.27%	Added +220.7k	+220,680 259.0%
67	NUTRIEN LTD COM NTR	NTR	908,840	$40.6m0.27%	0.27%	Added +38.0k	+38,000 4.4%
68	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	906,000	$40.4m0.27%	0.27%	Unchanged
69	TELUS CORPORATION COM TU	TU	2,934,200	$39.8m0.27%	0.27%	Reduced -275.0k	-275,000 -8.6%
70	ADOBE INC COM ADBE	ADBE	89,285	$39.7m0.26%	0.26%	Added +79.6k	+79,584 820.4%
71	LEAR CORP COM NEW LEA	LEA	414,009	$39.2m0.26%	0.26%	Added +118.6k	+118,560 40.1%
72	ROGERS COMMUNICATIONS INC CL B RCI	RCI	1,236,573	$38.0m0.25%	0.25%	Reduced -35.7k	-35,652 -2.8%
73	CULLEN FROST BANKERS INC COM CFR	CFR	275,000	$36.9m0.25%	0.25%	Unchanged
74	AXON ENTERPRISE INC COM AXON	AXON	61,116	$36.3m0.24%	0.24%	Reduced -13.9k	-13,884 -18.5%
75	INTEGER HLDGS CORP NOTE 2.125% 2/1 · principal ITGR 2.125 02.15.28 · principal	ITGR 2.125 02.15.28	22,500,000	$36.2m0.24%	0.24%	Unchanged
76	ISHARES INC MSCI STH KOR ETF EWY	EWY	709,774	$36.1m0.24%	0.24%	Reduced -67.9k	-67,949 -8.7%
77	ALTAIR ENGR INC NOTE 1.750% 6/1 · principal ALTR 1.75 06.15.27 · principal	ALTR 1.75 06.15.27	22,500,000	$35.1m0.23%	0.23%	Unchanged
78	GEN DIGITAL INC COM GEN	GEN	1,250,000	$34.2m0.23%	0.23%	Reduced -200.0k	-200,000 -13.8%
79	RENTOKIL INITIAL PLC SPONSORED ADR RTO	RTO	1,312,471	$33.2m0.22%	0.22%	Added +232.9k	+232,871 21.6%
80	ATS CORPORATION COM ATS	ATS	1,086,700	$33.1m0.22%	0.22%	Added +148.7k	+148,700 15.8%
81	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	25,000,000	$32.8m0.22%	0.22%	Added +5.0m	+5,000,000 25.0%
82	SERVICENOW INC COM NOW	NOW	30,351	$32.2m0.21%	0.21%	New
83	IMPERIAL OIL LTD COM NEW IMO	IMO	517,207	$31.9m0.21%	0.21%	Reduced -98.1k	-98,090 -15.9%
84	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 · principal LYV 3.125 01.15.29 · principal	LYV 3.125 01.15.29	22,500,000	$31.0m0.21%	0.21%	Added +12.5m	+12,500,000 125.0%
85	ARISTA NETWORKS INC COM SHS ANET	ANET	277,088	$30.6m0.20%	0.20%	New
86	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	354,454	$30.1m0.20%	0.20%	Unchanged
87	GRANITE CONSTR INC NOTE 3.750% 5/1 · principal GVA 3.75 05.15.28 · principal	GVA 3.75 05.15.28	15,000,000	$29.7m0.20%	0.20%	Added +8.0m	+8,000,000 114.3%
88	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	1,272,526	$29.0m0.19%	0.19%	Added +36.3k	+36,300 2.9%
89	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	570,000	$28.5m0.19%	0.19%	New
90	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	139,585	$27.6m0.18%	0.18%	Reduced -72.5k	-72,501 -34.2%
91	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	20,000,000	$26.6m0.18%	0.18%	New
92	KENNEDY-WILSON HOLDINGS INC COM KW	KW	2,650,322	$26.5m0.18%	0.18%	Added +395.0k	+395,000 17.5%
93	LIBERTY MEDIA CORP DEL NOTE 3.750% 3/1 · principal SIRI 3.75 03.15.28 · principal	SIRI 3.75 03.15.28	25,000,000	$26.2m0.17%	0.17%	Unchanged
94	CELESTICA INC COM CLS	CLS	279,791	$25.8m0.17%	0.17%	Added +172.8k	+172,814 161.5%
95	UNITED STATES STL CORP NOTE 5.000%11/0 · principal X 5 11.01.26 · principal	X 5 11.01.26	10,000,000	$25.8m0.17%	0.17%	Unchanged
96	AMGEN INC COM AMGN	AMGN	98,076	$25.6m0.17%	0.17%	Added +76.2k	+76,232 349.0%
97	WEST FRASER TIMBER CO LTD COM WFG	WFG	293,903	$25.5m0.17%	0.17%	Added +108.7k	+108,670 58.7%
98	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	340,100	$25.4m0.17%	0.17%	Added +182.9k	+182,900 116.3%
99	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	716,500	$24.9m0.17%	0.17%	New
100	FIRST INDL RLTY TR INC COM FR	FR	492,431	$24.7m0.16%	0.16%	Added +14.0k	+14,041 2.9%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
SHERWIN WILLIAMS CO SHW	SHW	84,099	$32.1m84.1k shares
BOSTON SCIENTIFIC CORP BSX	BSX	242,710	$20.3m242.7k shares
NATERA INC NTRA 2.25 05.01.27	NTRA 2.25 05.01.27	5,000,000	$16.7m5.0m shares
MARATHON OIL CORP MRO	MRO	540,000	$14.4m540.0k shares
OKTA INC OKTA	OKTA	192,861	$14.3m192.9k shares
LAM RESEARCH CORP		171,450	$14.0m171.4k shares
ENDEAVOR GROUP HLDGS INC		475,200	$13.6m475.2k shares
GRANITE REAL ESTATE INVT TR		186,915	$11.3m186.9k shares
CATALENT INC CTLT	CTLT	176,200	$10.7m176.2k shares
STERICYCLE INC SRCL	SRCL	168,000	$10.2m168.0k shares
ALIGN TECHNOLOGY INC ALGN	ALGN	39,243	$10.0m39.2k shares
GLAUKOS CORP GKOS 2.75 06.15.27	GKOS 2.75 06.15.27	4,000,000	$9.4m4.0m shares
NUVEI CORPORATION NVEI	NVEI	249,400	$8.3m249.4k shares
R1 RCM INC		565,500	$8.0m565.5k shares
WORLD KINECT CORPORATION WKC 3.25 07.01.28	WKC 3.25 07.01.28	6,500,000	$8.0m6.5m shares
POWERSCHOOL HOLDINGS INC		340,000	$7.8m340.0k shares
SOUTHWESTERN ENERGY CO SWN	SWN	1,060,849	$7.5m1.1m shares
INFOSYS LTD INFY	INFY	330,060	$7.4m330.1k shares
BWX TECHNOLOGIES INC BWXT	BWXT	65,237	$7.1m65.2k shares
CHAMPIONX CORPORATION CHX	CHX	225,000	$6.8m225.0k shares
EDWARDS LIFESCIENCES CORP EW	EW	94,238	$6.2m94.2k shares
BLACKROCK INC BLK	BLK	6,400	$6.1m6.4k shares
LEGGETT & PLATT INC LEG	LEG	408,505	$5.6m408.5k shares
SQUARESPACE INC SQSP	SQSP	116,000	$5.4m116.0k shares
PERFICIENT INC PRFT	PRFT	68,000	$5.1m68.0k shares

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
EQUITY COMWLTH EQC · 13G · filed 2024-12-23	EQC	8.1%	new	13G	2024-12-23
FORTRESS VALUE ACQU CORP V FVAV · 13G · filed 2026-03-04	FVAV	7.9%≈ $20.2m	new	13G	2026-03-04
VESTIS CORPORATION VSTS · 13G · filed 2025-07-31	VSTS	7.4%≈ $140.7m	+2.3 pts	13G	2025-07-31
PERIMETER ACQUISITION CORP I PMTR · 13G · filed 2025-05-19	PMTR	6.1%	new	13G	2025-05-19