Alberta Investment Management Corp

EDMONTON, A0 · CIK 1463559 · 13F filing filed 2026-02-19

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.

$16.7bn reported value +21.2% vs Q3 2025

745positions

47.2%in top 10

324 new 128 added 82 reduced 83 sold out vs Q3 2025

Options: 0 call positions (— notional), 2 put positions ($206.7m notional) – listed below, not included above.

Holdings, Q4 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	7,006,862	$4.8bn28.73%	28.73%	Added +1.8m	+1,755,204 33.4%
2	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	1,951,472	$1.2bn7.33%	7.33%	Added +357.2k	+357,210 22.4%
3	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	581,320	$396.4m2.37%	2.37%	Reduced -1.8m	-1,826,710 -75.9%
4	ROYAL BK CDA COM RY	RY	1,901,887	$324.2m1.94%	1.94%	Added +99.0k	+99,000 5.5%
5	TORONTO DOMINION BK ONT COM NEW TD	TD	3,181,800	$299.9m1.80%	1.80%	Added +753.3k	+753,300 31.0%
6	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	45,000,000	$206.5m1.24%	1.24%	Unchanged
7	AGNICO EAGLE MINES LTD COM AEM	AEM	1,145,114	$194.2m1.16%	1.16%	Reduced -23.8k	-23,800 -2.0%
8	BROOKFIELD CORP CL A LTD VT SH BN	BN	3,464,602	$159.1m0.95%	0.95%	Reduced -81.5k	-81,500 -2.3%
9	NVIDIA CORPORATION COM NVDA	NVDA	787,000	$146.8m0.88%	0.88%	Added +393.5k	+393,524 100.0%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	437,500	$136.9m0.82%	0.82%	Added +3.4k	+3,399 0.8%
11	ENBRIDGE INC COM ENB	ENB	2,773,155	$132.7m0.79%	0.79%	Unchanged
12	BANK MONTREAL QUE COM BMO	BMO	1,000,300	$129.9m0.78%	0.78%	Reduced -108.2k	-108,200 -9.8%
13	INTERDIGITAL INC NOTE 3.500% 6/0 · principal IDCC 3.5 06.01.27 · principal	IDCC 3.5 06.01.27	30,000,000	$123.9m0.74%	0.74%	Unchanged
14	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	1,641,000	$121.0m0.72%	0.72%	Added +99.8k	+99,800 6.5%
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	$109.2m0.65%	0.65%	Unchanged
16	APPLE INC COM AAPL	AAPL	392,200	$106.6m0.64%	0.64%	Added +179.1k	+179,100 84.0%
17	SEALED AIR CORP NEW COM COM		2,537,300	$105.1m0.63%	0.63%	Unchanged
18	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	$101.7m0.61%	0.61%	Unchanged
19	MANULIFE FINL CORP COM MFC	MFC	2,757,900	$100.1m0.60%	0.60%	Unchanged
20	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	588,098	$94.7m0.57%	0.57%	Added +273.9k	+273,898 87.2%
21	SUNCOR ENERGY INC NEW COM SU	SU	2,116,900	$94.0m0.56%	0.56%	Added +12.4k	+12,400 0.6%
22	CENOVUS ENERGY INC COM CVE	CVE	5,518,825	$93.4m0.56%	0.56%	Added +106.2k	+106,225 2.0%
23	JPMORGAN CHASE & CO COM JPM	JPM	283,750	$91.4m0.55%	0.55%	Added +255.4k	+255,450 902.6%
24	TESLA INC COM TSLA	TSLA	187,800	$84.5m0.51%	0.51%	Added +153.6k	+153,600 449.1%
25	CANADIAN PACIFIC KANSAS CITY COM CP	CP	1,125,000	$82.8m0.50%	0.50%	Reduced -6.5k	-6,500 -0.6%
26	META PLATFORMS INC CL A META	META	119,100	$78.6m0.47%	0.47%	Reduced -1.1k	-1,100 -0.9%
27	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	36,176	$77.6m0.46%	0.46%	Added +3.7k	+3,700 11.4%
28	ISHARES TR MSCI CHINA ETF MCHI	MCHI	1,239,380	$74.4m0.45%	0.45%	Unchanged
29	YUM CHINA HLDGS INC COM YUMC	YUMC	1,544,100	$73.7m0.44%	0.44%	Reduced -96.0k	-96,000 -5.8%
30	CANADIAN NATL RY CO COM CNI	CNI	718,500	$71.1m0.43%	0.43%	Reduced -4.1k	-4,100 -0.6%
31	EXACT SCIENCES CORP COM EXAS	EXAS	688,000	$69.9m0.42%	0.42%	New
32	GILDAN ACTIVEWEAR INC COM GIL	GIL	1,116,596	$69.8m0.42%	0.42%	Added +18.9k	+18,900 1.7%
33	CANADIAN NAT RES LTD COM CNQ	CNQ	2,025,500	$68.6m0.41%	0.41%	Reduced -547.3k	-547,300 -21.3%
34	SPHERE ENTERTAINMENT CO NOTE 3.500%12/0 · principal SPHR 3.5 12.01.28 · principal	SPHR 3.5 12.01.28	24,750,000	$68.3m0.41%	0.41%	Added +2.2m	+2,250,000 10.0%
35	JBS N.V. CL A SHS JBS	JBS	4,622,500	$66.7m0.40%	0.40%	Added +388.2k	+388,200 9.2%
36	CGI INC CL A SUB VTG GIB	GIB	700,500	$64.7m0.39%	0.39%	Reduced -25.8k	-25,800 -3.5%
37	VESTIS CORPORATION COM SHS VSTS	VSTS	9,692,000	$64.6m0.39%	0.39%	Unchanged
38	LAUDER ESTEE COS INC CL A EL	EL	608,000	$63.7m0.38%	0.38%	Reduced -20.0k	-20,000 -3.2%
39	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	$61.9m0.37%	0.37%	Unchanged
40	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	377,075	$60.6m0.36%	0.36%	Unchanged
41	BROADCOM INC COM AVGO	AVGO	174,000	$60.2m0.36%	0.36%	Added +92.7k	+92,700 114.0%
42	ADOBE INC COM ADBE	ADBE	171,500	$60.0m0.36%	0.36%	Added +152.3k	+152,300 793.2%
43	OSI SYSTEMS INC NOTE 2.250% 8/0 · principal OSIS 2.25 08.01.29 · principal	OSIS 2.25 08.01.29	40,000,000	$59.6m0.36%	0.36%	Added +18.0m	+18,000,000 81.8%
44	ATLASSIAN CORPORATION CL A TEAM	TEAM	365,400	$59.2m0.35%	0.35%	New
45	RESTAURANT BRANDS INTL INC COM QSR	QSR	866,100	$59.1m0.35%	0.35%	Unchanged
46	AMERICAN EXPRESS CO COM AXP	AXP	158,200	$58.5m0.35%	0.35%	Added +3.2k	+3,200 2.1%
47	SUN LIFE FINANCIAL INC. COM SLF	SLF	927,400	$57.9m0.35%	0.35%	Reduced -174.9k	-174,900 -15.9%
48	MICROSOFT CORP COM MSFT	MSFT	119,286	$57.7m0.35%	0.35%	Added +14.1k	+14,063 13.4%
49	NETFLIX INC COM NFLX	NFLX	614,000	$57.6m0.34%	0.34%	Added +511.0k	+511,000 496.1%
50	ADVANCED ENERGY INDS NOTE 2.500% 9/1 · principal AEIS 2.5 09.15.28 · principal	AEIS 2.5 09.15.28	35,000,000	$57.4m0.34%	0.34%	New
51	KLA CORP COM NEW KLAC	KLAC	46,600	$56.6m0.34%	0.34%	Added +43.5k	+43,500 1403.2%
52	STANTEC INC COM STN	STN	591,000	$55.8m0.33%	0.33%	Added +96.1k	+96,100 19.4%
53	TC ENERGY CORP COM TRP	TRP	1,010,638	$55.7m0.33%	0.33%	Added +3.3k	+3,300 0.3%
54	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	96,000	$54.4m0.33%	0.33%	New
55	GILEAD SCIENCES INC COM GILD	GILD	442,000	$54.3m0.32%	0.32%	Unchanged
56	SMURFIT WESTROCK PLC SHS SW	SW	1,395,636	$54.0m0.32%	0.32%	New
57	FRESHPET INC COM FRPT	FRPT	861,300	$52.5m0.31%	0.31%	Added +101.7k	+101,700 13.4%
58	MSC INDL DIRECT INC CL A MSM	MSM	619,600	$52.1m0.31%	0.31%	Added +422.1k	+422,100 213.7%
59	HOLOGIC INC COM HOLX	HOLX	688,300	$51.3m0.31%	0.31%	New
60	CULLEN FROST BANKERS INC COM CFR	CFR	400,000	$50.7m0.30%	0.30%	Added +70.0k	+70,000 21.2%
61	PEABODY ENGR CORP NOTE 3.250% 3/0 · principal BTU 3.25 03.01.28 · principal	BTU 3.25 03.01.28	30,000,000	$50.5m0.30%	0.30%	New
62	RENTOKIL INITIAL PLC SPONSORED ADR RTO	RTO	1,645,500	$48.5m0.29%	0.29%	Reduced -149.4k	-149,400 -8.3%
63	LIBERTY LIVE HOLDINGS INC COM SER A LLYVA	LLYVA	594,000	$48.4m0.29%	0.29%	New
64	AXIS CAP HLDGS LTD SHS AXS	AXS	450,000	$48.2m0.29%	0.29%	Reduced -80.0k	-80,000 -15.1%
65	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	325,200	$47.8m0.29%	0.29%	Unchanged
66	TECK RESOURCES LTD CL B TECK	TECK	992,300	$47.5m0.28%	0.28%	Reduced -143.9k	-143,946 -12.7%
67	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	30,000,000	$46.6m0.28%	0.28%	Added +5.0m	+5,000,000 20.0%
68	HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 · principal HALO 1 08.15.28 · principal	HALO 1 08.15.28	35,000,000	$46.5m0.28%	0.28%	Unchanged
69	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	140,400	$46.1m0.28%	0.28%	Added +15.4k	+15,400 12.3%
70	CENTENE CORP DEL COM CNC	CNC	1,113,500	$45.8m0.27%	0.27%	Added +38.5k	+38,500 3.6%
71	SPECTRUM BRANDS HLDGS INC NE COM SPB	SPB	751,469	$44.4m0.27%	0.27%	Unchanged
72	METHANEX CORP COM MEOH	MEOH	1,111,000	$44.1m0.26%	0.26%	Added +119.0k	+119,000 12.0%
73	UGI CORP NEW NOTE 5.000% 6/0 · principal UGI 5 06.01.28 · principal	UGI 5 06.01.28	30,000,000	$42.5m0.25%	0.25%	Unchanged
74	PATRICK INDS INC NOTE 1.750%12/0 · principal PATK 1.75 12.01.28 · principal	PATK 1.75 12.01.28	25,000,000	$42.5m0.25%	0.25%	Added +4.0m	+4,000,000 19.1%
75	NUTRIEN LTD COM NTR	NTR	687,200	$42.4m0.25%	0.25%	Added +78.9k	+78,900 13.0%
76	GEN DIGITAL INC COM GEN	GEN	1,550,000	$42.1m0.25%	0.25%	Added +300.0k	+300,000 24.0%
77	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	$41.5m0.25%	0.25%	Unchanged
78	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	645,100	$41.3m0.25%	0.25%	Reduced -84.9k	-84,900 -11.6%
79	DONNELLEY FINL SOLUTIONS INC COM DFIN	DFIN	879,600	$41.1m0.25%	0.25%	Added +529.6k	+529,600 151.3%
80	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.27 · principal	SNOW 0 10.01.27	27,500,000	$41.0m0.25%	0.25%	Unchanged
81	LEAR CORP COM NEW LEA	LEA	355,449	$40.7m0.24%	0.24%	Unchanged
82	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	$40.2m0.24%	0.24%	Unchanged
83	KENNEDY-WILSON HOLDINGS INC COM KW	KW	4,100,322	$39.7m0.24%	0.24%	Added +1.3m	+1,255,245 44.1%
84	GCI LIBERTY INC COM SER C GLIBK	GLIBK	1,044,254	$38.9m0.23%	0.23%	Added +414.3k	+414,254 65.8%
85	AMAZON COM INC COM AMZN	AMZN	167,500	$38.7m0.23%	0.23%	Added +8.5k	+8,460 5.3%
86	ANI PHARMACEUTICALS INC NOTE 2.250% 9/0 · principal ANIP 2.25 09.01.29 · principal	ANIP 2.25 09.01.29	30,000,000	$37.9m0.23%	0.23%	New
87	ATS CORPORATION COM ATS	ATS	1,340,265	$36.9m0.22%	0.22%	Unchanged
88	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 · principal ALNY 1 09.15.27 · principal	ALNY 1 09.15.27	25,000,000	$36.9m0.22%	0.22%	Unchanged
89	EQV VENTURES ACQUISITION COR CL A ORD SHS FTW	FTW	3,450,000	$36.2m0.22%	0.22%	Unchanged
90	TXNM ENERGY INC COM TXNM	TXNM	611,614	$36.0m0.22%	0.22%	Added +11.6k	+11,614 1.9%
91	INSMED INC COM PAR $.01 INSM	INSM	206,532	$35.9m0.22%	0.22%	New
92	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	30,000,000	$35.1m0.21%	0.21%	Unchanged
93	SCHLUMBERGER LTD COM STK SLB	SLB	898,800	$34.5m0.21%	0.21%	Added +801.8k	+801,800 826.6%
94	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	770,000	$33.1m0.20%	0.20%	Unchanged
95	MANPOWERGROUP INC WIS COM MAN	MAN	1,059,100	$31.5m0.19%	0.19%	Unchanged
96	ALPHABET INC CAP STK CL C GOOG	GOOG	98,544	$30.9m0.19%	0.19%	Added +22.7k	+22,744 30.0%
97	KBR INC COM KBR	KBR	756,481	$30.4m0.18%	0.18%	New
98	HOWMET AEROSPACE INC COM HWM	HWM	145,800	$29.9m0.18%	0.18%	Added +116.1k	+116,100 390.9%
99	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	25,000,000	$29.9m0.18%	0.18%	Unchanged
100	ENOVIS CORPORATION NOTE 3.875%10/1 · principal ENOV 3.875 10.15.28 · principal	ENOV 3.875 10.15.28	30,000,000	$29.4m0.18%	0.18%	Unchanged

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
LIBERTY MEDIA CORP DEL		594,000	$56.0m594.0k shares
ALLETE INC ALE	ALE	357,202	$23.7m357.2k shares
SIX FLAGS ENTERTAINMENT CORP FUN	FUN	913,000	$20.7m913.0k shares
HOWARD HUGHES HOLDINGS INC HHH	HHH	249,000	$20.5m249.0k shares
INFORMATICA INC INFA	INFA	700,000	$17.4m700.0k shares
ORLA MNG LTD NEW OLA	OLA	1,491,431	$16.1m1.5m shares
SONY GROUP CORP SONY	SONY	550,000	$15.8m550.0k shares
JETBLUE AIRWAYS CORP JBLU 2.5 09.01.29	JBLU 2.5 09.01.29	15,000,000	$15.6m15.0m shares
M3-BRIGADE ACQUISITION VI CO MBVIU	MBVIU	1,450,000	$14.7m1.4m shares
EQV VENTURES AC CORP. II EVAC.U	EVAC.U	1,400,000	$14.0m1.4m shares
HIGHVIEW MERGER CORP HVMCU	HVMCU	1,250,000	$12.7m1.2m shares
SPRING VY ACQUISITION CORP I		1,000,000	$10.4m1.0m shares
LIBERTY MEDIA CORP DEL		100,000	$9.7m100.0k shares
KELLANOVA K	K	100,000	$8.2m100.0k shares
PYROPHYTE ACQUISITION CORP. PAII.U	PAII.U	750,000	$7.6m750.0k shares
LIGHTWAVE ACQUISITION CORP LWACU	LWACU	750,000	$7.5m750.0k shares
GALATA ACQUISITION CORP II LATAU	LATAU	725,000	$7.2m725.0k shares
TEXAS INSTRS INC TXN	TXN	39,100	$7.2m39.1k shares
BLUE ACQUISITION CORP. BACCU	BACCU	700,000	$7.1m700.0k shares
TELUS INTL CDA INC TIXT	TIXT	1,500,000	$6.7m1.5m shares
TRANSLATIONAL DEV ACQUISITIO TDACU	TDACU	600,000	$6.2m600.0k shares
CLOUDFLARE INC NET 0 08.15.26	NET 0 08.15.26	5,000,000	$6.2m5.0m shares
GUILD HLDGS CO		303,843	$6.1m303.8k shares
DIGITAL ASSET ACQUISITION CO DAAQU	DAAQU	550,000	$5.8m550.0k shares
SOHO HOUSE & CO INC SHCO	SHCO	650,000	$5.8m650.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	300,000	$204.6m300.0k shares	Unchanged
ROCKET COS INC RKT · Put	RKT	Put	110,000	$2.1m110.0k 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
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