Addenda Capital Inc.

MONTREAL, A8 · CIK 1569411 · 13F filing filed 2026-07-14

SEC-registered investment adviser since 2005 · corporation

Assets managed$29.0bn
Staff163 · 60 in investment roles
Main clients (by assets)Insurers 35%, Private funds 33%, State and local governments 11%
Main officeMontreal, Quebec
Websiteaddendacapital.com
Form ADV · 2026-03-30SEC adviser record

Legal entityADDENDA CAPITAL INC. (CA)

Kindinstitutions
Others nearbyMontréal, Toronto, Guelph, Regina

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Montreal, Quebec (main office)Canada	Canada	about 43
Toronto, OntarioCanada	Canada	8
Guelph, OntarioCanada	Canada	6
Regina, SaskatchewanCanada	Canada	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.7bn reported value +3.6% vs Q1 2026

128positions

38.8%in top 10

4 new 40 added 47 reduced 5 sold out vs Q1 2026

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	TORONTO DOMINION BK ONT COM NEW TD	TD	1,294,228	$223.2m6.07%	6.07%	Reduced -6.2k	-6,219 -0.5%
2	ROYAL BK CDA COM RY	RY	750,840	$220.5m5.99%	5.99%	Added +5.1k	+5,080 0.7%
3	BANK MONTREAL QUE COM BMO	BMO	625,064	$156.7m4.26%	4.26%	Reduced -49.0k	-49,004 -7.3%
4	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	1,081,272	$133.3m3.62%	3.62%	Added +7.7k	+7,674 0.7%
5	BROOKFIELD CORP CL A LTD VT SH BN	BN	2,179,602	$131.9m3.59%	3.59%	Added +10.9k	+10,911 0.5%
6	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	798,719	$129.6m3.52%	3.52%	Added +81.5k	+81,528 11.4%
7	ENBRIDGE INC COM ENB	ENB	1,559,468	$119.9m3.26%	3.26%	Added +152.5k	+152,530 10.8%
8	CAMECO CORP COM CCJ	CCJ	721,749	$104.3m2.84%	2.84%	Added +171.0k	+170,986 31.1%
9	CANADIAN NAT RES LTD COM CNQ	CNQ	1,823,954	$103.5m2.81%	2.81%	Added +11.5k	+11,546 0.6%
10	CANADIAN PACIFIC KANSAS CITY COM CP	CP	832,895	$102.6m2.79%	2.79%	Added +133.2k	+133,245 19.0%
11	CANADIAN NATL RY CO COM CNI	CNI	548,874	$92.9m2.53%	2.53%	Added +88.9k	+88,869 19.3%
12	AGNICO EAGLE MINES LTD COM AEM	AEM	392,344	$86.5m2.35%	2.35%	Reduced -236.5k	-236,500 -37.6%
13	TC ENERGY CORP COM TRP	TRP	848,757	$80.5m2.19%	2.19%	Reduced -60.1k	-60,076 -6.6%
14	APPLE INC COM AAPL	AAPL	220,303	$63.7m1.73%	1.73%	Reduced -7.3k	-7,314 -3.2%
15	BROADCOM INC COM AVGO	AVGO	166,431	$62.9m1.71%	1.71%	Reduced -783	-783 -0.5%
16	HUDBAY MINERALS INC COM HBM	HBM	1,872,488	$62.7m1.70%	1.70%	Added +1.3m	+1,255,330 203.4%
17	ALPHABET INC CAP STK CL C GOOG	GOOG	173,791	$61.4m1.67%	1.67%	Reduced -10.7k	-10,688 -5.8%
18	WHEATON PRECIOUS METALS CORP COM WPM	WPM	376,957	$60.1m1.63%	1.63%	Reduced -240.3k	-240,350 -38.9%
19	SUNCOR ENERGY INC NEW COM SU	SU	784,418	$59.9m1.63%	1.63%	Added +37.4k	+37,352 5.0%
20	KINROSS GOLD CORP COM KGC	KGC	1,654,910	$55.6m1.51%	1.51%	Added +287.5k	+287,490 21.0%
21	MANULIFE FINL CORP COM MFC	MFC	953,431	$54.8m1.49%	1.49%	Added +189.0k	+188,964 24.7%
22	NVIDIA CORPORATION COM NVDA	NVDA	263,605	$52.7m1.43%	1.43%	Reduced -2.0k	-1,986 -0.8%
23	CANADIAN IMPERIAL BANK OF CO COM CM	CM	295,989	$48.7m1.32%	1.32%	Reduced -19.2k	-19,197 -6.1%
24	MICROSOFT CORP COM MSFT	MSFT	129,812	$48.4m1.32%	1.32%	Reduced -729	-729 -0.6%
25	WASTE CONNECTIONS INC COM WCN	WCN	188,040	$44.5m1.21%	1.21%	Reduced -30.5k	-30,540 -14.0%
26	AMAZON COM INC COM AMZN	AMZN	179,982	$42.9m1.17%	1.17%	Added +15.3k	+15,326 9.3%
27	FRANCO NEV CORP COM FNV	FNV	143,948	$42.6m1.16%	1.16%	Reduced -77.9k	-77,873 -35.1%
28	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	777,392	$40.3m1.09%	1.09%	Added +5.5k	+5,534 0.7%
29	PEMBINA PIPELINE CORP COM PBA	PBA	606,697	$39.8m1.08%	1.08%	Added +1.1k	+1,150 0.2%
30	CELESTICA INC COM CLS	CLS	68,522	$35.4m0.96%	0.96%	Added +28.4k	+28,432 70.9%
31	AMPHENOL CORP CL A APH	APH	191,875	$33.9m0.92%	0.92%	Reduced -1.9k	-1,911 -1.0%
32	VISA INC COM CL A V	V	97,680	$33.5m0.91%	0.91%	Reduced -747	-747 -0.8%
33	ALAMOS GOLD INC NEW COM CL A AGI	AGI	765,971	$32.9m0.90%	0.90%	Reduced -1.2m	-1,221,088 -61.5%
34	RESTAURANT BRANDS INTL INC COM QSR	QSR	312,203	$32.4m0.88%	0.88%	Added +2.0k	+1,987 0.6%
35	EMERA INC COM EMA	EMA	421,793	$31.7m0.86%	0.86%	Added +248	+248 0.1%
36	F5 INC COM FFIV	FFIV	72,404	$30.1m0.82%	0.82%	Reduced -595	-595 -0.8%
37	JPMORGAN CHASE & CO COM JPM	JPM	87,189	$28.5m0.78%	0.78%	Reduced -1.3k	-1,321 -1.5%
38	WABTEC COM WAB	WAB	97,698	$26.3m0.72%	0.72%	Reduced -1.8k	-1,837 -1.9%
39	TJX COS INC NEW COM TJX	TJX	160,457	$24.3m0.66%	0.66%	Added +236	+236 0.1%
40	TFI INTL INC COM TFII	TFII	118,534	$24.3m0.66%	0.66%	Reduced -16.8k	-16,806 -12.4%
41	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	167,188	$22.3m0.61%	0.61%	Added +900	+900 0.5%
42	BOOKING HOLDINGS INC COM BKNG	BKNG	123,540	$22.0m0.60%	0.60%	Added +7.4k	+7,440 6.4%
43	CATERPILLAR INC COM CAT	CAT	18,800	$20.0m0.54%	0.54%	Unchanged
44	LINDE PLC SHS LIN	LIN	37,868	$19.7m0.53%	0.53%	Reduced -395	-395 -1.0%
45	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	39,047	$19.6m0.53%	0.53%	Reduced -407	-407 -1.0%
46	UNITED RENTALS INC COM URI	URI	16,848	$19.1m0.52%	0.52%	Reduced -246	-246 -1.4%
47	SCHWAB CHARLES CORP COM SCHW	SCHW	202,662	$18.7m0.51%	0.51%	Reduced -2.0k	-2,036 -1.0%
48	PALO ALTO NETWORKS INC COM PANW	PANW	53,708	$18.3m0.50%	0.50%	Added +26.1k	+26,106 94.6%
49	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	259,947	$16.5m0.45%	0.45%	Added +8.8k	+8,820 3.5%
50	STERIS PLC SHS USD STE	STE	78,093	$16.4m0.45%	0.45%	Added +30.1k	+30,090 62.7%
51	COSTCO WHSL CORP NEW COM COST	COST	17,526	$16.4m0.45%	0.45%	Added +26	+26 0.1%
52	PNC FINL SVCS GROUP INC COM PNC	PNC	64,576	$15.9m0.43%	0.43%	Added +94	+94 0.1%
53	LOWES COS INC COM LOW	LOW	70,790	$15.6m0.42%	0.42%	Reduced -631	-631 -0.9%
54	S&P GLOBAL INC COM SPGI	SPGI	37,752	$15.4m0.42%	0.42%	Reduced -407	-407 -1.1%
55	MAGNA INTL INC COM MGA	MGA	163,404	$15.2m0.41%	0.41%	Reduced -181	-181 -0.1%
56	RESMED INC COM RMD	RMD	77,707	$15.1m0.41%	0.41%	Reduced -648	-648 -0.8%
57	GILDAN ACTIVEWEAR INC COM GIL	GIL	198,675	$14.5m0.39%	0.39%	Added +4.9k	+4,938 2.5%
58	BCE INC COM NEW BCE	BCE	465,393	$14.4m0.39%	0.39%	Reduced -5.9k	-5,934 -1.3%
59	TECK RESOURCES LTD CL B TECK	TECK	167,202	$14.1m0.38%	0.38%	Reduced -1.0k	-1,000 -0.6%
60	FORTIS INC COM FTS	FTS	169,950	$13.8m0.38%	0.38%	Unchanged
61	CAE INC COM CAE	CAE	379,218	$13.5m0.37%	0.37%	Added +12.4k	+12,402 3.4%
62	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	25,629	$12.8m0.35%	0.35%	Added +9.4k	+9,365 57.6%
63	RB GLOBAL INC COM RBA	RBA	77,000	$12.7m0.35%	0.35%	Unchanged
64	ALPHABET INC CAP STK CL A GOOGL	GOOGL	35,500	$12.7m0.34%	0.34%	Unchanged
65	SUN LIFE FINANCIAL INC. COM SLF	SLF	112,410	$12.5m0.34%	0.34%	Unchanged
66	CISCO SYS INC COM CSCO	CSCO	105,400	$12.4m0.34%	0.34%	Unchanged
67	METHANEX CORP COM MEOH	MEOH	183,000	$12.0m0.33%	0.33%	Unchanged
68	SHERWIN WILLIAMS CO COM SHW	SHW	33,472	$11.5m0.31%	0.31%	Reduced -288	-288 -0.8%
69	MERCK & CO INC COM MRK	MRK	87,800	$11.4m0.31%	0.31%	Unchanged
70	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	178,754	$11.1m0.30%	0.30%	Reduced -17.1k	-17,104 -8.7%
71	BHP GROUP LTD SPONSORED ADS BHP	BHP	129,200	$10.8m0.29%	0.29%	Unchanged
72	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	22,125	$10.6m0.29%	0.29%	Reduced -16.1k	-16,105 -42.1%
73	NUTRIEN LTD COM NTR	NTR	112,460	$10.1m0.28%	0.28%	Added +6.6k	+6,560 6.2%
74	STRYKER CORPORATION COM SYK	SYK	31,621	$10.0m0.27%	0.27%	Added +46	+46 0.1%
75	MONDELEZ INTL INC CL A MDLZ	MDLZ	170,606	$9.9m0.27%	0.27%	Added +250	+250 0.1%
76	CENOVUS ENERGY INC COM CVE	CVE	279,994	$9.9m0.27%	0.27%	Reduced -362.6k	-362,610 -56.4%
77	WALMART INC COM WMT	WMT	85,100	$9.6m0.26%	0.26%	Unchanged
78	UNION PAC CORP COM UNP	UNP	35,157	$9.6m0.26%	0.26%	Added +52	+52 0.1%
79	JOHNSON & JOHNSON COM JNJ	JNJ	37,400	$9.5m0.26%	0.26%	Unchanged
80	FEDEX CORP COM FDX	FDX	30,000	$9.4m0.26%	0.26%	Unchanged
81	TRANSUNION COM TRU	TRU	130,148	$9.4m0.26%	0.26%	Reduced -965	-965 -0.7%
82	DEERE & CO COM DE	DE	14,300	$9.1m0.25%	0.25%	Unchanged
83	BOYD GROUP SERVICES INC COM BGSI	BGSI	67,378	$9.1m0.25%	0.25%	Added +961	+961 1.4%
84	INTUIT COM INTU	INTU	34,039	$8.9m0.24%	0.24%	Reduced -271	-271 -0.8%
85	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	31,300	$8.8m0.24%	0.24%	Unchanged
86	CGI INC CL A SUB VTG GIB	GIB	95,051	$8.7m0.24%	0.24%	Reduced -5.9k	-5,908 -5.8%
87	COCA COLA CO COM KO	KO	106,400	$8.7m0.24%	0.24%	Unchanged
88	RIO TINTO PLC SPONSORED ADR RIO	RIO	91,600	$8.7m0.24%	0.24%	Unchanged
89	UNITED PARCEL SERVICE INC CL B UPS	UPS	79,400	$8.5m0.23%	0.23%	Unchanged
90	CHURCH & DWIGHT CO INC COM CHD	CHD	87,025	$8.4m0.23%	0.23%	Added +127	+127 0.1%
91	EMERSON ELEC CO COM EMR	EMR	58,500	$8.4m0.23%	0.23%	Unchanged
92	ROGERS COMMUNICATIONS INC CL B RCI	RCI	169,900	$7.9m0.22%	0.22%	Reduced -3.1k	-3,138 -1.8%
93	STANTEC INC COM STN	STN	77,400	$7.6m0.21%	0.21%	Unchanged
94	DOW INC COM DOW	DOW	269,800	$7.4m0.20%	0.20%	Unchanged
95	FORD MTR CO COM F	F	525,900	$7.3m0.20%	0.20%	Unchanged
96	STARBUCKS CORP COM SBUX	SBUX	70,700	$7.2m0.20%	0.20%	Unchanged
97	PFIZER INC COM PFE	PFE	290,800	$7.0m0.19%	0.19%	Unchanged
98	MASTERCARD INCORPORATED CL A MA	MA	13,400	$6.9m0.19%	0.19%	Unchanged
99	QNITY ELECTRONICS INC COMMON STOCK Q	Q	40,600	$6.6m0.18%	0.18%	Unchanged
100	META PLATFORMS INC CL A META	META	11,500	$6.5m0.18%	0.18%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
THOMSON REUTERS CORP		48,500	$6.1m48.5k shares
ADOBE INC ADBE	ADBE	24,122	$5.9m24.1k shares
DUPONT DE NEMOURS INC DWDP	DWDP	27,067	$3.7m27.1k shares
ZOETIS INC ZTS	ZTS	29,737	$3.5m29.7k shares
ORLA MNG LTD NEW OLA	OLA	28,440	$636.2k28.4k shares