Connor, Clark & Lunn Investment Management Ltd.

VANCOUVER, A1 · CIK 1596800 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2014 · corporation

Assets managed$85.6bn
Staff155 · 56 in investment roles
Main clients (by assets)Private funds 35%, State and local governments 21%, Pension plans 16%
Private funds10 (6 hedge) · $16.1bn gross assets
Main officeVancouver, Bc
Form ADV · 2026-08-26SEC adviser record

Legal entityCONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. (CA)

$52.8bn reported value +21.6% vs Q1 2026

1,622positions

21.8%in top 10

303 new 714 added 573 reduced 207 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	ROYAL BK CDA COM RY	RY	10,928,916	$2.3bn4.28%	4.28%	Added +94.3k	+94,303 0.9%
2	TORONTO DOMINION BK ONT COM NEW TD	TD	11,854,139	$1.4bn2.73%	2.73%	Added +1.2m	+1,213,696 11.4%
3	NVIDIA CORPORATION COM NVDA	NVDA	5,893,585	$1.2bn2.23%	2.23%	Added +712.9k	+712,888 13.8%
4	ENBRIDGE INC COM ENB	ENB	20,624,547	$1.1bn2.12%	2.12%	Added +3.2m	+3,205,322 18.4%
5	APPLE INC COM AAPL	AAPL	3,675,441	$1.1bn2.01%	2.01%	Added +654.1k	+654,145 21.6%
6	TC ENERGY CORP COM TRP	TRP	14,781,669	$978.0m1.85%	1.85%	Added +1.7m	+1,727,179 13.2%
7	AGNICO EAGLE MINES LTD COM AEM	AEM	5,995,364	$927.6m1.76%	1.76%	Added +245.7k	+245,735 4.3%
8	CANADIAN IMPERIAL BANK OF CO COM CM	CM	7,969,186	$916.8m1.74%	1.74%	Reduced -1.2m	-1,165,055 -12.8%
9	SUNCOR ENERGY INC NEW COM SU	SU	15,195,542	$816.6m1.55%	1.55%	Added +676.0k	+675,997 4.7%
10	CANADIAN PACIFIC KANSAS CITY COM CP	CP	9,270,972	$803.0m1.52%	1.52%	Added +2.2m	+2,193,094 31.0%
11	INVESCO EXCH TRADED FD TR II PURBTA MSCI US PBUS	PBUS	9,625,100	$720.3m1.36%	1.36%	Unchanged
12	AMAZON COM INC COM AMZN	AMZN	2,989,642	$712.6m1.35%	1.35%	Added +541.9k	+541,935 22.1%
13	BANK MONTREAL QUE COM BMO	BMO	3,839,476	$677.1m1.28%	1.28%	Added +1.7m	+1,749,052 83.7%
14	CANADIAN NATL RY CO COM CNI	CNI	5,674,241	$676.4m1.28%	1.28%	Added +1.1m	+1,099,056 24.0%
15	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	5,906,160	$675.0m1.28%	1.28%	Reduced -478.7k	-478,673 -7.5%
16	CELESTICA INC COM CLS	CLS	1,846,032	$674.2m1.28%	1.28%	Added +176.8k	+176,779 10.6%
17	MICROSOFT CORP COM MSFT	MSFT	1,704,284	$635.7m1.20%	1.20%	Added +241.8k	+241,756 16.5%
18	BROADCOM INC COM AVGO	AVGO	1,533,500	$579.3m1.10%	1.10%	Added +721.5k	+721,528 88.9%
19	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,598,941	$571.4m1.08%	1.08%	Added +65.2k	+65,247 4.2%
20	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	6,543,050	$567.3m1.07%	1.07%	Reduced -2.8m	-2,788,491 -29.9%
21	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,171,436	$559.4m1.06%	1.06%	Added +321.8k	+321,797 37.9%
22	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	275,301	$547.7m1.04%	1.04%	Added +67.8k	+67,788 32.7%
23	MICRON TECHNOLOGY INC COM MU	MU	432,744	$499.5m0.95%	0.95%	Reduced -219.0k	-218,972 -33.6%
24	ALPHABET INC CAP STK CL C GOOG	GOOG	1,364,312	$482.1m0.91%	0.91%	Reduced -6.5k	-6,500 -0.5%
25	ADVANCED MICRO DEVICES INC COM AMD	AMD	734,227	$426.5m0.81%	0.81%	Added +40.6k	+40,568 5.8%
26	WASTE CONNECTIONS INC COM WCN	WCN	2,488,903	$414.5m0.79%	0.79%	Added +815.8k	+815,814 48.8%
27	CENOVUS ENERGY INC COM CVE	CVE	14,283,683	$355.8m0.67%	0.67%	Added +5.5m	+5,452,653 61.7%
28	VISA INC COM CL A V	V	1,030,032	$353.4m0.67%	0.67%	Added +179.4k	+179,379 21.1%
29	LAM RESEARCH CORP COM NEW LRCX	LRCX	774,460	$335.6m0.64%	0.64%	Reduced -313.7k	-313,663 -28.8%
30	ENERFLEX LTD COM EFXT	EFXT	13,471,786	$330.5m0.63%	0.63%	Added +2.3m	+2,278,761 20.4%
31	MDA SPACE LTD COM MDA	MDA	7,726,685	$318.6m0.60%	0.60%	Reduced -2.0m	-1,981,467 -20.4%
32	FORTIS INC COM FTS	FTS	5,436,620	$311.1m0.59%	0.59%	Added +594.9k	+594,876 12.3%
33	CAMECO CORP COM CCJ	CCJ	2,965,721	$302.0m0.57%	0.57%	Reduced -717.6k	-717,573 -19.5%
34	BARRICK MNG CORP COM SHS B	B	7,615,894	$279.8m0.53%	0.53%	Reduced -974.6k	-974,620 -11.3%
35	MCDONALDS CORP COM MCD	MCD	986,141	$266.6m0.50%	0.50%	Added +223.1k	+223,085 29.2%
36	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	530,225	$265.3m0.50%	0.50%	Added +277.1k	+277,132 109.5%
37	KINROSS GOLD CORP COM KGC	KGC	11,188,912	$264.7m0.50%	0.50%	Added +499.1k	+499,088 4.7%
38	UNION PAC CORP COM UNP	UNP	965,121	$262.5m0.50%	0.50%	Added +35.6k	+35,594 3.8%
39	MASTERCARD INCORPORATED CL A MA	MA	501,306	$257.5m0.49%	0.49%	Reduced -72.2k	-72,158 -12.6%
40	SCHWAB CHARLES CORP COM SCHW	SCHW	2,681,578	$247.4m0.47%	0.47%	Added +618.8k	+618,757 30.0%
41	META PLATFORMS INC CL A META	META	431,735	$243.2m0.46%	0.46%	Added +23.8k	+23,780 5.8%
42	CHEVRON CORP NEW COM CVX	CVX	1,446,112	$239.7m0.45%	0.45%	Added +341.1k	+341,106 30.9%
43	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	2,866,192	$236.2m0.45%	0.45%	Added +1.9m	+1,880,254 190.7%
44	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	2,534,581	$233.4m0.44%	0.44%	Added +1.0m	+1,045,026 70.2%
45	MANULIFE FINL CORP COM MFC	MFC	5,687,844	$230.5m0.44%	0.44%	Reduced -445.3k	-445,306 -7.3%
46	JPMORGAN CHASE & CO COM JPM	JPM	702,078	$229.8m0.44%	0.44%	Added +217.3k	+217,342 44.8%
47	HDFC BANK LTD SPONSORED ADS HDB	HDB	8,854,839	$228.7m0.43%	0.43%	Added +2.8m	+2,806,121 46.4%
48	TESLA INC COM TSLA	TSLA	523,630	$220.2m0.42%	0.42%	Added +88.5k	+88,530 20.4%
49	ELI LILLY & CO COM LLY	LLY	173,392	$208.0m0.39%	0.39%	Reduced -83.5k	-83,541 -32.5%
50	QUALCOMM INC COM QCOM	QCOM	1,118,392	$206.7m0.39%	0.39%	Added +427.2k	+427,174 61.8%
51	BROOKFIELD CORP CL A LTD VT SH BN	BN	4,832,734	$206.0m0.39%	0.39%	Reduced -105.9k	-105,865 -2.1%
52	AMERIPRISE FINL INC COM AMP	AMP	443,609	$203.5m0.39%	0.39%	Added +138.3k	+138,331 45.3%
53	SYNOPSYS INC COM SNPS	SNPS	452,624	$201.9m0.38%	0.38%	Added +13.3k	+13,328 3.0%
54	BAYTEX ENERGY CORP COM BTE	BTE	49,180,551	$197.1m0.37%	0.37%	Added +9.4m	+9,351,178 23.5%
55	ABBVIE INC COM ABBV	ABBV	751,485	$189.1m0.36%	0.36%	Added +403.2k	+403,244 115.8%
56	WHEATON PRECIOUS METALS CORP COM WPM	WPM	1,682,571	$189.1m0.36%	0.36%	Added +491.5k	+491,454 41.3%
57	QUANTA SVCS INC COM PWR	PWR	260,529	$187.6m0.36%	0.36%	Added +3.3k	+3,299 1.3%
58	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	191,509	$184.8m0.35%	0.35%	Reduced -106.7k	-106,688 -35.8%
59	TECK RESOURCES LTD CL B TECK	TECK	3,090,354	$183.9m0.35%	0.35%	Added +1.3m	+1,344,621 77.0%
60	BOEING CO COM BA	BA	836,569	$181.1m0.34%	0.34%	Added +194.8k	+194,846 30.4%
61	BANK AMERICA CORP COM BAC	BAC	3,169,459	$180.6m0.34%	0.34%	Reduced -126.5k	-126,475 -3.8%
62	CANADIAN NAT RES LTD COM CNQ	CNQ	4,567,458	$180.5m0.34%	0.34%	Reduced -2.2m	-2,150,028 -32.0%
63	KINDER MORGAN INC DEL COM KMI	KMI	5,513,189	$176.3m0.33%	0.33%	Reduced -212.5k	-212,475 -3.7%
64	TEXAS INSTRS INC COM TXN	TXN	586,335	$174.8m0.33%	0.33%	Reduced -32.8k	-32,815 -5.3%
65	WESTERN DIGITAL CORP COM WDC	WDC	269,532	$172.2m0.33%	0.33%	Reduced -6.0k	-6,007 -2.2%
66	MORGAN STANLEY COM NEW MS	MS	818,069	$171.0m0.32%	0.32%	Reduced -434.7k	-434,690 -34.7%
67	COSTCO WHSL CORP NEW COM COST	COST	181,256	$169.6m0.32%	0.32%	Reduced -14.2k	-14,191 -7.3%
68	RTX CORPORATION COM RTX	RTX	888,053	$168.5m0.32%	0.32%	Added +422.9k	+422,934 90.9%
69	UNILEVER PLC SPON ADR NEW UL	UL	2,751,880	$165.4m0.31%	0.31%	Added +1.4m	+1,377,968 100.3%
70	LOWES COS INC COM LOW	LOW	749,964	$165.4m0.31%	0.31%	Added +191.5k	+191,491 34.3%
71	BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT BEP	BEP	4,706,519	$162.9m0.31%	0.31%	Added +417.6k	+417,607 9.7%
72	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	573,368	$161.2m0.31%	0.31%	Added +245.1k	+245,113 74.7%
73	VERTIV HOLDINGS CO COM CL A VRT	VRT	480,127	$160.8m0.30%	0.30%	Added +136.9k	+136,869 39.9%
74	IAMGOLD CORP COM IAG	IAG	10,042,436	$158.9m0.30%	0.30%	Added +1.4m	+1,442,411 16.8%
75	CSX CORP COM CSX	CSX	3,250,355	$154.5m0.29%	0.29%	Added +1.4m	+1,360,429 72.0%
76	WELLS FARGO CO NEW COM WFC	WFC	1,855,506	$153.3m0.29%	0.29%	Added +413.7k	+413,722 28.7%
77	AMERICAN EXPRESS CO COM AXP	AXP	452,876	$153.2m0.29%	0.29%	Added +99.4k	+99,428 28.1%
78	RB GLOBAL INC COM RBA	RBA	1,315,495	$153.0m0.29%	0.29%	Added +193.4k	+193,403 17.2%
79	LINDE PLC SHS LIN	LIN	292,185	$151.6m0.29%	0.29%	Added +182.3k	+182,305 165.9%
80	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	2,414,293	$149.1m0.28%	0.28%	Added +620.8k	+620,778 34.6%
81	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	4,077,153	$148.8m0.28%	0.28%	Reduced -277.8k	-277,798 -6.4%
82	ARISTA NETWORKS INC COM SHS ANET	ANET	866,305	$147.2m0.28%	0.28%	Added +822.1k	+822,055 1857.8%
83	GSK PLC SPONSORED ADR GSK	GSK	2,767,591	$145.1m0.27%	0.27%	Reduced -49.9k	-49,854 -1.8%
84	RESTAURANT BRANDS INTL INC COM QSR	QSR	1,977,662	$143.3m0.27%	0.27%	Added +824.4k	+824,412 71.5%
85	SCHLUMBERGER LTD COM STK SLB	SLB	3,033,651	$141.0m0.27%	0.27%	Added +1.6m	+1,552,104 104.8%
86	BAKER HUGHES COMPANY CL A BKR	BKR	2,504,571	$139.0m0.26%	0.26%	Added +792.2k	+792,213 46.3%
87	TFI INTL INC COM TFII	TFII	950,314	$136.7m0.26%	0.26%	Added +720.2k	+720,183 312.9%
88	TJX COS INC NEW COM TJX	TJX	898,390	$136.1m0.26%	0.26%	Added +418.4k	+418,440 87.2%
89	SPROTT INC COM NEW SII	SII	1,203,583	$135.9m0.26%	0.26%	Added +142.6k	+142,643 13.4%
90	GALLAGHER ARTHUR J & CO COM AJG	AJG	579,093	$132.9m0.25%	0.25%	Added +177.5k	+177,503 44.2%
91	FRANCO NEV CORP COM FNV	FNV	632,473	$131.8m0.25%	0.25%	Added +483.0k	+483,007 323.2%
92	PAN AMERN SILVER CORP COM PAAS	PAAS	2,916,962	$130.6m0.25%	0.25%	Reduced -199.5k	-199,477 -6.4%
93	CISCO SYS INC COM CSCO	CSCO	1,063,689	$124.9m0.24%	0.24%	Added +992.6k	+992,573 1395.7%
94	IMPERIAL OIL LTD COM NEW IMO	IMO	1,089,379	$122.2m0.23%	0.23%	Reduced -117.5k	-117,509 -9.7%
95	UNITEDHEALTH GROUP INC COM UNH	UNH	293,392	$121.9m0.23%	0.23%	Reduced -293.5k	-293,536 -50.0%
96	CVS HEALTH CORP COM CVS	CVS	1,169,603	$121.0m0.23%	0.23%	Added +180.8k	+180,842 18.3%
97	FREEPORT-MCMORAN INC CL B FCX	FCX	1,916,291	$120.5m0.23%	0.23%	Added +670.6k	+670,578 53.8%
98	BLACKROCK INC COM BLK	BLK	124,782	$120.0m0.23%	0.23%	Added +57.5k	+57,476 85.4%
99	AMERICAN AIRLS GROUP INC COM AAL	AAL	6,620,243	$119.6m0.23%	0.23%	Added +2.4m	+2,369,510 55.7%
100	LOCKHEED MARTIN CORP COM LMT	LMT	233,616	$119.0m0.23%	0.23%	Reduced -44.1k	-44,068 -15.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TASEKO MINES LTD		14,832,211	$96.1m14.8m shares
ISHARES INC EEMS	EEMS	1,005,344	$69.5m1.0m shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	1,100,589	$66.8m1.1m shares
MERCADOLIBRE INC MELI	MELI	37,124	$64.2m37.1k shares
ELDORADO GOLD CORP NEW EGO	EGO	1,637,173	$56.2m1.6m shares
SEA LTD SE	SE	561,116	$46.5m561.1k shares
EATON CORP PLC ETN	ETN	129,847	$46.4m129.8k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	300,043	$43.9m300.0k shares
CONSTELLATION ENERGY CORP CEG	CEG	143,088	$40.0m143.1k shares
SNOWFLAKE INC SNOW	SNOW	247,264	$37.3m247.3k shares
CARNIVAL CORP		1,316,967	$34.1m1.3m shares
EDWARDS LIFESCIENCES CORP EW	EW	407,842	$32.7m407.8k shares
ENERGY FUELS INC UUUU	UUUU	1,634,886	$30.0m1.6m shares
VERALTO CORP VLTO	VLTO	283,008	$25.0m283.0k shares
ILLUMINA INC ILMN	ILMN	202,742	$25.0m202.7k shares
GENERAL MTRS CO GM	GM	315,629	$23.5m315.6k shares
CGI INC GIB	GIB	316,790	$23.2m316.8k shares
THOMSON REUTERS CORP		255,839	$23.1m255.8k shares
HONEYWELL INTL INC		47,913	$21.7m47.9k shares
TERNS PHARMACEUTICALS INC		384,681	$20.3m384.7k shares
NEUROCRINE BIOSCIENCES INC NBIX	NBIX	153,755	$20.3m153.8k shares
PARKER-HANNIFIN CORP PH	PH	19,787	$17.7m19.8k shares
SOUTHERN CO SO	SO	180,786	$17.4m180.8k shares
AMGEN INC AMGN	AMGN	49,553	$17.4m49.6k shares
WOODSIDE ENERGY GROUP LTD WDS	WDS	669,453	$16.0m669.5k 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
ENERFLEX LTD EFXT · 13G · filed 2026-05-07	EFXT	9.2%≈ $274.3m	-1.3 pts	13G	2026-05-07
BAYTEX ENERGY CORP BTE · 13G · filed 2026-07-30	BTE	6.8%≈ $196.5m	+1.3 pts	13G	2026-07-30
MDA SPACE LTD MDA · 13G · filed 2026-07-30	MDA	5.6%≈ $319.0m	-1.4 pts	13G	2026-07-30