Alberta Investment Management Corp

EDMONTON, A0 · CIK 1463559 · 13F filing filed 2026-02-17

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.

$13.8bn reported value +8.1% vs Q2 2025

504positions

53.3%in top 10

112 new 98 added 95 reduced 172 sold out vs Q2 2025

Options: 0 call positions (— notional), 2 put positions ($202.0m notional) – listed below, not included above.

Holdings, Q3 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	5,251,658	$3.5bn25.51%	25.51%	Added +593.8k	+593,828 12.8%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,408,030	$1.6bn11.64%	11.64%	Reduced -70.9k	-70,916 -2.9%
3	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	1,594,262	$976.3m7.09%	7.09%	Added +449.0k	+449,006 39.2%
4	ROYAL BK CDA COM RY	RY	1,802,887	$265.7m1.93%	1.93%	Reduced -587.0k	-587,000 -24.6%
5	AGNICO EAGLE MINES LTD COM AEM	AEM	1,168,914	$196.8m1.43%	1.43%	Reduced -281.7k	-281,700 -19.4%
6	TORONTO DOMINION BK ONT COM NEW TD	TD	2,428,500	$194.1m1.41%	1.41%	Reduced -703.7k	-703,700 -22.5%
7	BROOKFIELD CORP CL A LTD VT SH BN	BN	2,364,068	$162.2m1.18%	1.18%	Reduced -555.2k	-555,200 -19.0%
8	BANK MONTREAL QUE COM BMO	BMO	1,108,500	$144.4m1.05%	1.05%	Reduced -373.5k	-373,500 -25.2%
9	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	45,000,000	$144.1m1.05%	1.05%	Added +15.0m	+15,000,000 50.0%
10	ENBRIDGE INC COM ENB	ENB	2,773,155	$139.9m1.02%	1.02%	Reduced -605.0k	-605,000 -17.9%
11	INTERDIGITAL INC NOTE 3.500% 6/0 · principal IDCC 3.5 06.01.27 · principal	IDCC 3.5 06.01.27	30,000,000	$134.3m0.97%	0.97%	Unchanged
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	434,101	$105.5m0.77%	0.77%	Reduced -40.9k	-40,899 -8.6%
13	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	1,541,200	$99.6m0.72%	0.72%	Reduced -585.4k	-585,400 -27.5%
14	GRANITE CONSTR INC NOTE 3.750% 5/1 · principal GVA 3.75 05.15.28 · principal	GVA 3.75 05.15.28	40,000,000	$96.6m0.70%	0.70%	Added +5.0m	+5,000,000 14.3%
15	SEAGATE HDD CAYMAN NOTE 3.500% 6/0 · principal STX 3.5 06.01.28 · principal	STX 3.5 06.01.28	32,500,000	$93.2m0.68%	0.68%	Added +5.0m	+5,000,000 18.2%
16	CENOVUS ENERGY INC COM CVE	CVE	5,412,600	$91.9m0.67%	0.67%	Reduced -56.8k	-56,800 -1.0%
17	SEALED AIR CORP NEW COM COM		2,537,300	$89.7m0.65%	0.65%	Added +250.0k	+250,000 10.9%
18	META PLATFORMS INC CL A META	META	120,200	$88.3m0.64%	0.64%	Added +200	+200 0.2%
19	SUNCOR ENERGY INC NEW COM SU	SU	2,104,500	$88.0m0.64%	0.64%	Reduced -751.0k	-751,000 -26.3%
20	MANULIFE FINL CORP COM MFC	MFC	2,757,900	$85.9m0.62%	0.62%	Reduced -358.5k	-358,500 -11.5%
21	CANADIAN PACIFIC KANSAS CITY COM CP	CP	1,131,500	$84.3m0.61%	0.61%	Reduced -474.3k	-474,300 -29.5%
22	CANADIAN NAT RES LTD COM CNQ	CNQ	2,572,800	$82.2m0.60%	0.60%	Reduced -1.4m	-1,407,000 -35.4%
23	ISHARES TR MSCI CHINA ETF MCHI	MCHI	1,239,380	$81.6m0.59%	0.59%	Reduced -379.1k	-379,100 -23.4%
24	NVIDIA CORPORATION COM NVDA	NVDA	393,476	$73.4m0.53%	0.53%	Added +44.6k	+44,576 12.8%
25	YUM CHINA HLDGS INC COM YUMC	YUMC	1,640,100	$70.4m0.51%	0.51%	Reduced -27.8k	-27,800 -1.7%
26	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 · principal LYV 3.125 01.15.29 · principal	LYV 3.125 01.15.29	42,500,000	$68.9m0.50%	0.50%	Added +5.0m	+5,000,000 13.3%
27	CANADIAN NATL RY CO COM CNI	CNI	722,600	$68.1m0.49%	0.49%	Reduced -301.9k	-301,900 -29.5%
28	SUN LIFE FINANCIAL INC. COM SLF	SLF	1,102,300	$66.2m0.48%	0.48%	Reduced -195.6k	-195,600 -15.1%
29	CGI INC CL A SUB VTG GIB	GIB	726,300	$64.7m0.47%	0.47%	Reduced -19.2k	-19,200 -2.6%
30	GILDAN ACTIVEWEAR INC COM GIL	GIL	1,097,696	$63.4m0.46%	0.46%	Reduced -121.2k	-121,200 -9.9%
31	JBS N.V. CL A SHS JBS	JBS	4,234,300	$63.2m0.46%	0.46%	Added +2.9m	+2,850,000 205.9%
32	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	32,476	$58.1m0.42%	0.42%	Added +4.1k	+4,100 14.4%
33	LIBERTY MEDIA CORP DEL COM LBTY LIV S A COM LBTY LIV S A		594,000	$56.0m0.41%	0.41%	Reduced -295.6k	-295,610 -33.2%
34	RESTAURANT BRANDS INTL INC COM QSR	QSR	866,100	$55.5m0.40%	0.40%	Reduced -204.4k	-204,400 -19.1%
35	LAUDER ESTEE COS INC CL A EL	EL	628,000	$55.3m0.40%	0.40%	Reduced -49.9k	-49,900 -7.4%
36	TC ENERGY CORP COM TRP	TRP	1,007,338	$54.8m0.40%	0.40%	Reduced -618.2k	-618,200 -38.0%
37	MICROSOFT CORP COM MSFT	MSFT	105,223	$54.5m0.40%	0.40%	Added +4.5k	+4,523 4.5%
38	APPLE INC COM AAPL	AAPL	213,100	$54.3m0.39%	0.39%	Reduced -34.5k	-34,500 -13.9%
39	STANTEC INC COM STN	STN	494,900	$53.4m0.39%	0.39%	Reduced -35.8k	-35,800 -6.8%
40	AMERICAN EXPRESS CO COM AXP	AXP	155,000	$51.5m0.37%	0.37%	Reduced -21.0k	-21,000 -11.9%
41	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	325,200	$50.8m0.37%	0.37%	Unchanged
42	AXIS CAP HLDGS LTD SHS AXS	AXS	530,000	$50.8m0.37%	0.37%	Unchanged
43	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	377,075	$49.9m0.36%	0.36%	Reduced -121.6k	-121,604 -24.4%
44	TECK RESOURCES LTD CL B TECK	TECK	1,136,246	$49.8m0.36%	0.36%	Reduced -776.9k	-776,871 -40.6%
45	HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 · principal HALO 1 08.15.28 · principal	HALO 1 08.15.28	35,000,000	$49.3m0.36%	0.36%	Added +10.0m	+10,000,000 40.0%
46	GILEAD SCIENCES INC COM GILD	GILD	442,000	$49.1m0.36%	0.36%	Reduced -46.3k	-46,296 -9.5%
47	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	314,200	$46.7m0.34%	0.34%	Reduced -490.3k	-490,300 -60.9%
48	NUTANIX INC NOTE 0.250%10/0 · principal NTNX 0.25 10.01.27 · principal	NTNX 0.25 10.01.27	33,500,000	$46.4m0.34%	0.34%	Unchanged
49	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	25,000,000	$46.0m0.33%	0.33%	New
50	RENTOKIL INITIAL PLC SPONSORED ADR RTO	RTO	1,794,900	$45.3m0.33%	0.33%	Unchanged
51	VESTIS CORPORATION COM SHS VSTS	VSTS	9,692,000	$43.9m0.32%	0.32%	Unchanged
52	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	730,000	$43.5m0.32%	0.32%	Added +170.0k	+170,000 30.4%
53	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	125,000	$43.2m0.31%	0.31%	Unchanged
54	SPHERE ENTERTAINMENT CO NOTE 3.500%12/0 · principal SPHR 3.5 12.01.28 · principal	SPHR 3.5 12.01.28	22,500,000	$42.6m0.31%	0.31%	Unchanged
55	FRESHPET INC COM FRPT	FRPT	759,600	$41.9m0.30%	0.30%	New
56	CULLEN FROST BANKERS INC COM CFR	CFR	330,000	$41.8m0.30%	0.30%	Added +30.0k	+30,000 10.0%
57	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.27 · principal	SNOW 0 10.01.27	27,500,000	$41.8m0.30%	0.30%	New
58	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 · principal ALNY 1 09.15.27 · principal	ALNY 1 09.15.27	25,000,000	$41.3m0.30%	0.30%	Unchanged
59	MANPOWERGROUP INC WIS COM MAN	MAN	1,059,100	$40.1m0.29%	0.29%	Added +937.8k	+937,771 772.9%
60	SPECTRUM BRANDS HLDGS INC NE COM SPB	SPB	751,469	$39.5m0.29%	0.29%	Unchanged
61	METHANEX CORP COM MEOH	MEOH	992,000	$39.4m0.29%	0.29%	Added +174.9k	+174,900 21.4%
62	UGI CORP NEW NOTE 5.000% 6/0 · principal UGI 5 06.01.28 · principal	UGI 5 06.01.28	30,000,000	$38.5m0.28%	0.28%	Unchanged
63	CENTENE CORP DEL COM CNC	CNC	1,075,000	$38.4m0.28%	0.28%	Added +194.3k	+194,300 22.1%
64	ITRON INC NOTE 1.375% 7/1 · principal ITRI 1.375 07.15.30 · principal	ITRI 1.375 07.15.30	32,500,000	$37.4m0.27%	0.27%	Added +12.5m	+12,500,000 62.5%
65	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	770,000	$36.5m0.26%	0.26%	Reduced -156.0k	-156,000 -16.9%
66	BURLINGTON STORES INC NOTE 1.250%12/1 · principal BURL 1.25 12.15.27 · principal	BURL 1.25 12.15.27	27,000,000	$36.4m0.26%	0.26%	Added +3.0m	+3,000,000 12.5%
67	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	$36.3m0.26%	0.26%	Unchanged
68	EQV VENTURES ACQUISITION COR CL A ORD SHS FTW	FTW	3,450,000	$35.8m0.26%	0.26%	Unchanged
69	LEAR CORP COM NEW LEA	LEA	355,449	$35.8m0.26%	0.26%	Unchanged
70	NUTRIEN LTD COM NTR	NTR	608,300	$35.7m0.26%	0.26%	Reduced -304.6k	-304,600 -33.4%
71	GEN DIGITAL INC COM GEN	GEN	1,250,000	$35.5m0.26%	0.26%	Unchanged
72	ATS CORPORATION COM ATS	ATS	1,340,265	$35.1m0.25%	0.25%	Added +572.7k	+572,665 74.6%
73	AMAZON COM INC COM AMZN	AMZN	159,040	$34.9m0.25%	0.25%	Added +4.8k	+4,840 3.1%
74	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	612,467	$34.8m0.25%	0.25%	Reduced -140.1k	-140,100 -18.6%
75	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	1,486,226	$34.6m0.25%	0.25%	Unchanged
76	PATRICK INDS INC NOTE 1.750%12/0 · principal PATK 1.75 12.01.28 · principal	PATK 1.75 12.01.28	21,000,000	$34.2m0.25%	0.25%	New
77	TXNM ENERGY INC COM TXNM	TXNM	600,000	$33.9m0.25%	0.25%	Added +100.0k	+100,000 20.0%
78	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	30,000,000	$33.7m0.24%	0.24%	Added +2.5m	+2,500,000 9.1%
79	OSI SYSTEMS INC NOTE 2.250% 8/0 · principal OSIS 2.25 08.01.29 · principal	OSIS 2.25 08.01.29	22,000,000	$31.8m0.23%	0.23%	New
80	ENOVIS CORPORATION NOTE 3.875%10/1 · principal ENOV 3.875 10.15.28 · principal	ENOV 3.875 10.15.28	30,000,000	$29.6m0.21%	0.21%	Added +7.5m	+7,500,000 33.3%
81	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	25,000,000	$28.5m0.21%	0.21%	Unchanged
82	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	$26.9m0.20%	0.20%	Unchanged
83	BROADCOM INC COM AVGO	AVGO	81,300	$26.8m0.19%	0.19%	Added +28.2k	+28,200 53.1%
84	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	$26.2m0.19%	0.19%	Unchanged
85	M3BRIGADE ACQUISITION V CORP CL A VLOS	VLOS	2,475,000	$26.1m0.19%	0.19%	Unchanged
86	REXFORD INDL RLTY INC COM REXR	REXR	612,204	$25.2m0.18%	0.18%	Added +171.0k	+171,000 38.8%
87	STELLANTIS N.V SHS STLA	STLA	2,630,000	$24.3m0.18%	0.18%	Reduced -164.9k	-164,919 -5.9%
88	BARRICK MNG CORP COM SHS B	B	726,900	$23.9m0.17%	0.17%	Reduced -366.1k	-366,100 -33.5%
89	ALLETE INC COM NEW ALE	ALE	357,202	$23.7m0.17%	0.17%	Added +75.0k	+75,000 26.6%
90	KENNEDY-WILSON HOLDINGS INC COM KW	KW	2,845,077	$23.7m0.17%	0.17%	Added +194.8k	+194,755 7.3%
91	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	400,000	$23.6m0.17%	0.17%	Unchanged
92	GCI LIBERTY INC COM SER C GLIBK	GLIBK	630,000	$23.5m0.17%	0.17%	New
93	SPECTRUM BRANDS INC NOTE 3.375% 6/0 · principal SPB 3.375 06.01.29 · principal	SPB 3.375 06.01.29	25,000,000	$23.3m0.17%	0.17%	Unchanged
94	LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 · principal FWONK 2.25 08.15.27 · principal	FWONK 2.25 08.15.27	16,500,000	$21.9m0.16%	0.16%	Unchanged
95	CANADIAN IMPERIAL BANK OF CO COM CM	CM	261,100	$20.9m0.15%	0.15%	Reduced -355.1k	-355,100 -57.6%
96	LAMB WESTON HLDGS INC COM LW	LW	358,400	$20.8m0.15%	0.15%	Reduced -33.3k	-33,300 -8.5%
97	TAMBORAN RES CORP COM TBN	TBN	758,680	$20.8m0.15%	0.15%	Unchanged
98	SIX FLAGS ENTERTAINMENT CORP COM FUN	FUN	913,000	$20.7m0.15%	0.15%	Added +312.0k	+312,000 51.9%
99	ANDRETTI ACQUISITION CORP II ORD SHS CL A POLE	POLE	1,980,000	$20.7m0.15%	0.15%	Unchanged
100	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	249,000	$20.5m0.15%	0.15%	Unchanged

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
BAUSCH PLUS LOMB CORP BLCO	BLCO	3,266,193	$42.5m3.3m shares
VERTEX INC VERX 0.75 05.01.29	VERX 0.75 05.01.29	30,000,000	$35.6m30.0m shares
AZEK CO INC AZEK	AZEK	374,399	$20.3m374.4k shares
OVINTIV INC OVV	OVV	721,500	$20.2m721.5k shares
THOMSON REUTERS CORP		100,000	$20.1m100.0k shares
HESS CORP HES	HES	118,776	$16.5m118.8k shares
TELUS CORPORATION TU	TU	1,022,200	$16.4m1.0m shares
NEWS CORP NEW NWSA	NWSA	550,000	$16.3m550.0k shares
LIBERTY LATIN AMERICA LTD LILAK	LILAK	2,579,989	$16.0m2.6m shares
CHURCHILL CAP CORP X CCCXU	CCCXU	1,500,000	$15.4m1.5m shares
SPHERE ENTERTAINMENT CO SPHR	SPHR	360,375	$15.1m360.4k shares
FRONTIER COMMUNICATIONS PARE FYBR	FYBR	408,832	$14.9m408.8k shares
WALGREENS BOOTS ALLIANCE INC WBA	WBA	1,257,100	$14.4m1.3m shares
MAG SILVER CORP MAG	MAG	605,000	$12.8m605.0k shares
CANNAE HLDGS INC CNNE	CNNE	575,000	$12.0m575.0k shares
ISHARES TR EFA	EFA	130,000	$11.6m130.0k shares
BCE INC BCE	BCE	520,200	$11.5m520.2k shares
SKECHERS U S A INC SKX	SKX	181,400	$11.4m181.4k shares
WIDEOPENWEST INC WOW	WOW	2,612,762	$10.6m2.6m shares
IMPERIAL OIL LTD IMO	IMO	124,400	$9.9m124.4k shares
MAGNA INTL INC MGA	MGA	232,200	$9.0m232.2k shares
ROGERS COMMUNICATIONS INC RCI	RCI	266,700	$7.9m266.7k shares
BLUEPRINT MEDICINES CORP BPMC	BPMC	60,000	$7.7m60.0k shares
ALAMOS GOLD INC NEW AGI	AGI	284,100	$7.6m284.1k shares
THAYER VENTURES ACQ CORP II TVAIU	TVAIU	700,000	$7.1m700.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	300,000	$199.9m300.0k shares	Unchanged
ROCKET COS INC RKT · Put	RKT	Put	110,000	$2.1m110.0k shares	New

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