Alberta Investment Management Corp

EDMONTON, A0 · CIK 1463559 · 13F filing filed 2025-05-08

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.

$14.6bn reported value -2.5% vs Q4 2024

743positions

42.8%in top 10

119 new 197 added 163 reduced 166 sold out vs Q4 2024

Holdings, Q1 2025

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	5,043,206	$2.8bn19.39%	19.39%	Reduced -617.2k	-617,155 -10.9%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,716,702	$1.5bn10.40%	10.40%	Reduced -3.4k	-3,449 -0.1%
3	ROYAL BK CDA COM RY	RY	3,645,211	$410.6m2.81%	2.81%	Added +61.4k	+61,394 1.7%
4	TORONTO DOMINION BK ONT COM NEW TD	TD	4,629,156	$277.3m1.90%	1.90%	Added +131.2k	+131,158 2.9%
5	BROOKFIELD CORP CL A LTD VT SH BN	BN	4,458,782	$233.3m1.60%	1.60%	Added +123.8k	+123,791 2.9%
6	AGNICO EAGLE MINES LTD COM AEM	AEM	2,089,224	$226.3m1.55%	1.55%	Reduced -8.4k	-8,377 -0.4%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	414,913	$213.2m1.46%	1.46%	New
8	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	2,050,577	$195.2m1.34%	1.34%	Added +10.9k	+10,932 0.5%
9	ENBRIDGE INC COM ENB	ENB	4,233,236	$187.3m1.28%	1.28%	Added +541.1k	+541,147 14.7%
10	CANADIAN NAT RES LTD COM CNQ	CNQ	5,311,147	$163.4m1.12%	1.12%	Reduced -430.5k	-430,492 -7.5%
11	BANK MONTREAL QUE COM BMO	BMO	1,700,523	$162.4m1.11%	1.11%	Added +308.5k	+308,523 22.2%
12	SUNCOR ENERGY INC NEW COM SU	SU	3,994,577	$154.6m1.06%	1.06%	Added +1.2m	+1,207,077 43.3%
13	MANULIFE FINL CORP COM MFC	MFC	4,846,210	$151.0m1.03%	1.03%	Reduced -49.8k	-49,839 -1.0%
14	NVIDIA CORPORATION COM NVDA	NVDA	1,318,141	$142.9m0.98%	0.98%	Added +192.9k	+192,925 17.1%
15	CANADIAN PACIFIC KANSAS CITY COM CP	CP	1,989,522	$139.6m0.96%	0.96%	Reduced -143.8k	-143,849 -6.7%
16	AMAZON COM INC COM AMZN	AMZN	731,811	$139.2m0.95%	0.95%	Reduced -11.0k	-11,049 -1.5%
17	TC ENERGY CORP COM TRP	TRP	2,899,029	$136.9m0.94%	0.94%	Added +30.8k	+30,797 1.1%
18	MICROSOFT CORP COM MSFT	MSFT	337,636	$126.7m0.87%	0.87%	Added +107.6k	+107,601 46.8%
19	CANADIAN NATL RY CO COM CNI	CNI	1,239,813	$120.6m0.83%	0.83%	Added +51.5k	+51,511 4.3%
20	META PLATFORMS INC CL A META	META	207,261	$119.5m0.82%	0.82%	Added +25.7k	+25,677 14.1%
21	YUM CHINA HLDGS INC COM YUMC	YUMC	2,053,090	$106.9m0.73%	0.73%	Added +285.3k	+285,274 16.1%
22	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	2,126,600	$100.8m0.69%	0.69%	Unchanged
23	APPLE INC COM AAPL	AAPL	451,847	$100.4m0.69%	0.69%	Added +73.9k	+73,862 19.5%
24	RESTAURANT BRANDS INTL INC COM QSR	QSR	1,381,830	$92.1m0.63%	0.63%	Added +467.3k	+467,330 51.1%
25	ALPHABET INC CAP STK CL A GOOGL	GOOGL	576,700	$89.2m0.61%	0.61%	Reduced -2.4k	-2,400 -0.4%
26	ISHARES TR MSCI CHINA ETF MCHI	MCHI	1,618,480	$88.0m0.60%	0.60%	Reduced -1.4m	-1,360,876 -45.7%
27	CGI INC CL A SUB VTG GIB	GIB	876,597	$87.5m0.60%	0.60%	Reduced -16.5k	-16,464 -1.8%
28	WASTE CONNECTIONS INC COM WCN	WCN	436,673	$85.1m0.58%	0.58%	Added +36.0k	+36,005 9.0%
29	INTERDIGITAL INC NOTE 3.500% 6/0 · principal IDCC 3.5 06.01.27 · principal	IDCC 3.5 06.01.27	30,000,000	$80.9m0.55%	0.55%	Unchanged
30	FRANCO NEV CORP COM FNV	FNV	512,671	$80.6m0.55%	0.55%	Added +28.3k	+28,320 5.8%
31	THOMSON REUTERS CORP COM COM		439,400	$75.8m0.52%	0.52%	Added +97.9k	+97,929 28.7%
32	CENOVUS ENERGY INC COM CVE	CVE	5,319,400	$73.9m0.51%	0.51%	Added +825.0k	+825,000 18.4%
33	VISA INC COM CL A V	V	210,246	$73.7m0.50%	0.50%	Reduced -26.8k	-26,824 -11.3%
34	SUN LIFE FINANCIAL INC. COM SLF	SLF	1,257,900	$72.0m0.49%	0.49%	Unchanged
35	GILDAN ACTIVEWEAR INC COM GIL	GIL	1,589,001	$70.2m0.48%	0.48%	Added +354.2k	+354,201 28.7%
36	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	579,963	$70.2m0.48%	0.48%	Reduced -46.5k	-46,459 -7.4%
37	LIBERTY MEDIA CORP DEL COM LBTY LIV S A COM LBTY LIV S A		1,021,531	$68.7m0.47%	0.47%	Added +61.6k	+61,580 6.4%
38	MERCADOLIBRE INC COM MELI	MELI	34,818	$67.9m0.46%	0.46%	Reduced -3.6k	-3,631 -9.4%
39	TECK RESOURCES LTD CL B TECK	TECK	1,863,117	$67.9m0.46%	0.46%	Reduced -450.9k	-450,900 -19.5%
40	ISHARES TR CORE S&P SCP ETF IJR	IJR	623,281	$65.2m0.45%	0.45%	Reduced -170.7k	-170,700 -21.5%
41	STANTEC INC COM STN	STN	781,609	$64.8m0.44%	0.44%	Added +49.0k	+48,954 6.7%
42	PEMBINA PIPELINE CORP COM PBA	PBA	1,546,159	$61.8m0.42%	0.42%	Reduced -202.1k	-202,146 -11.6%
43	VESTIS CORPORATION COM SHS VSTS	VSTS	6,145,000	$60.8m0.42%	0.42%	Added +2.4m	+2,426,167 65.2%
44	WHEATON PRECIOUS METALS CORP COM WPM	WPM	780,553	$60.6m0.41%	0.41%	Reduced -7.2k	-7,198 -0.9%
45	FORTIS INC COM FTS	FTS	1,284,464	$58.5m0.40%	0.40%	Reduced -77.0k	-76,952 -5.7%
46	GILEAD SCIENCES INC COM GILD	GILD	518,098	$58.1m0.40%	0.40%	Reduced -231.9k	-231,902 -30.9%
47	GRANITE CONSTR INC NOTE 3.750% 5/1 · principal GVA 3.75 05.15.28 · principal	GVA 3.75 05.15.28	32,500,000	$56.3m0.39%	0.39%	Added +17.5m	+17,500,000 116.7%
48	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	1,142,775	$55.3m0.38%	0.38%	Reduced -117.2k	-117,168 -9.3%
49	CANADIAN IMPERIAL BANK OF CO COM CM	CM	960,798	$54.0m0.37%	0.37%	Reduced -612.2k	-612,165 -38.9%
50	SPECTRUM BRANDS HLDGS INC NE COM SPB	SPB	750,029	$53.7m0.37%	0.37%	Added +186.7k	+186,729 33.1%
51	CENTENE CORP DEL COM CNC	CNC	871,803	$52.9m0.36%	0.36%	Added +66.9k	+66,903 8.3%
52	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	28,176	$52.2m0.36%	0.36%	Unchanged
53	ROYAL CARIBBEAN GROUP NOTE 6.000% 8/1 · principal RCL 6 08.15.25 · principal	RCL 6 08.15.25	12,500,000	$51.6m0.35%	0.35%	Unchanged
54	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	503,679	$51.6m0.35%	0.35%	Added +1.4k	+1,400 0.3%
55	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	378,358	$50.0m0.34%	0.34%	Added +23.9k	+23,904 6.7%
56	NETFLIX INC COM NFLX	NFLX	52,879	$49.3m0.34%	0.34%	Reduced -600	-600 -1.1%
57	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	293,607	$48.7m0.33%	0.33%	Added +154.0k	+154,022 110.3%
58	BAUSCH PLUS LOMB CORP COMMON SHARES BLCO	BLCO	3,266,193	$47.4m0.32%	0.32%	Added +258.0k	+258,000 8.6%
59	AMERICAN EXPRESS CO COM AXP	AXP	176,000	$47.4m0.32%	0.32%	Reduced -9.0k	-9,000 -4.9%
60	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	763,800	$47.0m0.32%	0.32%	Added +193.8k	+193,800 34.0%
61	SEALED AIR CORP NEW COM COM		1,596,100	$46.1m0.32%	0.32%	New
62	ISHARES TR EAFE SML CP ETF SCZ	SCZ	720,092	$45.7m0.31%	0.31%	Reduced -185.0k	-185,000 -20.4%
63	LAUDER ESTEE COS INC CL A EL	EL	677,900	$44.7m0.31%	0.31%	Added +2.6k	+2,560 0.4%
64	NUTRIEN LTD COM NTR	NTR	892,840	$44.3m0.30%	0.30%	Reduced -16.0k	-16,000 -1.8%
65	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	906,000	$43.8m0.30%	0.30%	Unchanged
66	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 · principal LYV 3.125 01.15.29 · principal	LYV 3.125 01.15.29	30,000,000	$41.9m0.29%	0.29%	Added +7.5m	+7,500,000 33.3%
67	RENTOKIL INITIAL PLC SPONSORED ADR RTO	RTO	1,794,900	$41.1m0.28%	0.28%	Added +482.4k	+482,429 36.8%
68	ALPHABET INC CAP STK CL C GOOG	GOOG	255,800	$40.0m0.27%	0.27%	Reduced -2.0k	-2,000 -0.8%
69	ROGERS COMMUNICATIONS INC CL B RCI	RCI	1,482,616	$39.6m0.27%	0.27%	Added +246.0k	+246,043 19.9%
70	TELUS CORPORATION COM TU	TU	2,564,600	$36.8m0.25%	0.25%	Reduced -369.6k	-369,600 -12.6%
71	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	28,000,000	$36.4m0.25%	0.25%	Added +8.0m	+8,000,000 40.0%
72	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	$35.8m0.24%	0.24%	Unchanged
73	MASTERCARD INCORPORATED CL A MA	MA	63,457	$34.8m0.24%	0.24%	Added +24.3k	+24,302 62.1%
74	CULLEN FROST BANKERS INC COM CFR	CFR	275,000	$34.4m0.24%	0.24%	Unchanged
75	DOORDASH INC CL A DASH	DASH	187,264	$34.2m0.23%	0.23%	Reduced -94.2k	-94,233 -33.5%
76	CAMECO CORP COM CCJ	CCJ	822,768	$33.9m0.23%	0.23%	Unchanged
77	GEN DIGITAL INC COM GEN	GEN	1,250,000	$33.2m0.23%	0.23%	Unchanged
78	AXON ENTERPRISE INC COM AXON	AXON	61,116	$32.1m0.22%	0.22%	Unchanged
79	UNITED STATES STL CORP NOTE 5.000%11/0 · principal X 5 11.01.26 · principal	X 5 11.01.26	10,000,000	$32.0m0.22%	0.22%	Unchanged
80	LEAR CORP COM NEW LEA	LEA	360,649	$31.8m0.22%	0.22%	Reduced -53.4k	-53,360 -12.9%
81	TFI INTL INC COM TFII	TFII	410,067	$31.7m0.22%	0.22%	Added +107.7k	+107,676 35.6%
82	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	2,381,411	$30.4m0.21%	0.21%	Added +292.2k	+292,244 14.0%
83	BURLINGTON STORES INC NOTE 1.250%12/1 · principal BURL 1.25 12.15.27 · principal	BURL 1.25 12.15.27	22,500,000	$29.7m0.20%	0.20%	Added +15.0m	+15,000,000 200.0%
84	ALGONQUIN PWR UTILS CORP COM AQN	AQN	5,693,639	$29.3m0.20%	0.20%	Added +640.9k	+640,850 12.7%
85	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	340,100	$28.9m0.20%	0.20%	Unchanged
86	METHANEX CORP COM MEOH	MEOH	817,100	$28.7m0.20%	0.20%	Added +766.0k	+766,000 1499.0%
87	PAN AMERN SILVER CORP COM PAAS	PAAS	1,108,186	$28.6m0.20%	0.20%	Unchanged
88	JD.COM INC SPON ADS CL A JD	JD	692,804	$28.5m0.19%	0.19%	Added +188.3k	+188,285 37.3%
89	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	1,236,226	$27.9m0.19%	0.19%	Reduced -36.3k	-36,300 -2.9%
90	IMPERIAL OIL LTD COM NEW IMO	IMO	384,942	$27.8m0.19%	0.19%	Reduced -132.3k	-132,265 -25.6%
91	SERVICENOW INC COM NOW	NOW	34,899	$27.8m0.19%	0.19%	Added +4.5k	+4,548 15.0%
92	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	55,145	$27.3m0.19%	0.19%	Added +25.9k	+25,850 88.2%
93	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	25,000,000	$26.4m0.18%	0.18%	Unchanged
94	MCDONALDS CORP COM MCD	MCD	83,640	$26.1m0.18%	0.18%	Added +47.7k	+47,700 132.7%
95	TETRA TECH INC NEW DBCV 2.250% 8/1 · principal TTEK 2.25 08.15.28 · principal	TTEK 2.25 08.15.28	25,000,000	$25.9m0.18%	0.18%	Added +15.0m	+15,000,000 150.0%
96	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	$25.9m0.18%	0.18%	Unchanged
97	EXXON MOBIL CORP COM XOM	XOM	216,872	$25.8m0.18%	0.18%	Added +114.5k	+114,490 111.8%
98	SMITHFIELD FOODS INC COM SFD	SFD	1,250,000	$25.5m0.17%	0.17%	New
99	SONY GROUP CORP SPONSORED ADR SONY	SONY	1,000,000	$25.4m0.17%	0.17%	Unchanged
100	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	17,500,000	$25.1m0.17%	0.17%	New

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
PALO ALTO NETWORKS INC PANW 0.375 06.01.25	PANW 0.375 06.01.25	25,000,000	$91.3m25.0m shares
AXON ENTERPRISE INC AXON 0.5 12.15.27	AXON 0.5 12.15.27	22,500,000	$58.6m22.5m shares
INTEGER HLDGS CORP ITGR 2.125 02.15.28	ITGR 2.125 02.15.28	22,500,000	$36.2m22.5m shares
ISHARES INC EWY	EWY	709,774	$36.1m709.8k shares
ALTAIR ENGR INC ALTR 1.75 06.15.27	ALTR 1.75 06.15.27	22,500,000	$35.1m22.5m shares
ARISTA NETWORKS INC ANET	ANET	277,088	$30.6m277.1k shares
AMGEN INC AMGN	AMGN	98,076	$25.6m98.1k shares
PEABODY ENGR CORP BTU 3.25 03.01.28	BTU 3.25 03.01.28	14,500,000	$18.6m14.5m shares
SMARTSHEET INC SMAR	SMAR	288,700	$16.2m288.7k shares
ENTEGRIS INC ENTG	ENTG	160,308	$15.9m160.3k shares
ISHARES INC EWZ	EWZ	690,193	$15.5m690.2k shares
PACKAGING CORP AMER PKG	PKG	60,842	$13.7m60.8k shares
AMETEK INC AME	AME	75,729	$13.7m75.7k shares
PTC INC PTC	PTC	66,909	$12.3m66.9k shares
ALBERTSONS COS INC ACI	ACI	605,416	$11.9m605.4k shares
HASHICORP INC HCP	HCP	345,000	$11.8m345.0k shares
RETAIL OPPORTUNITY INVTS COR ROIC	ROIC	600,000	$10.4m600.0k shares
SUMMIT MATLS INC SUM	SUM	200,000	$10.1m200.0k shares
FIVE9 INC FIVN	FIVN	214,240	$8.7m214.2k shares
UNITED STATES STL CORP NEW X	X	244,200	$8.3m244.2k shares
ADVANCED ENERGY INDS AEIS 2.5 09.15.28	AEIS 2.5 09.15.28	7,500,000	$8.2m7.5m shares
AVID BIOSERVICES INC PPHM	PPHM	650,000	$8.0m650.0k shares
ISHARES INC IEMG	IEMG	150,074	$7.8m150.1k shares
BILL HOLDINGS INC BILL	BILL	91,760	$7.8m91.8k shares
LOCKHEED MARTIN CORP LMT	LMT	15,338	$7.5m15.3k 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