Beutel, Goodman & Co Ltd.
Net seller this quarter
$13.6B
152
-$2.49B
29.7%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 TD | $780M | 5.74% | 0.38% | -13.0% | Q2 2013 |
 BMO | $476M | 3.50% | 0.38% | -13.1% | Q4 2017 |
 RY | $451M | 3.32% | 0.16% | -39.5% | Q2 2013 |
 PPG | $391M | 2.88% | 1.45% | -13.1% | Q2 2020 |
 EBAY | $376M | 2.77% | 0.76% | -21.3% | Q4 2020 |
 CB | $326M | 2.40% | 0.25% | -17.3% | Q3 2024 |
 QSR | $321M | 2.36% | 1.27% | -13.2% | Q4 2020 |
 CP | $308M | 2.27% | 0.40% | -13.5% | Q2 2013 |
 MDT | $307M | 2.26% | 0.31% | -12.2% | Q4 2017 |
 MAS | $302M | 2.22% | 1.88% | +17.2% | Q2 2022 |
 NTAP | $298M | 2.19% | 0.98% | -47.1% | Q3 2021 |
 UNP | $286M | 2.11% | 0.18% | -1.3% | Q1 2025 |
 CNQ | $273M | 2.01% | 0.33% | +71.9% | Q2 2013 |
 RCL | $270M | 1.99% | 0.32% | New | Q2 2026 |
 RCI | $267M | 1.96% | Not reported | -13.6% | Q2 2013 |
 MRK | $266M | 1.96% | 0.08% | -31.6% | Q4 2013 |
 SU | $266M | 1.96% | 0.41% | +21.1% | Q4 2017 |
 BN | $264M | 1.94% | Not reported | +55.5% | Q4 2022 |
 MRSH | $262M | 1.93% | 0.33% | +101.8% | Q1 2026 |
 AMP | $255M | 1.88% | 0.62% | -15.7% | Q3 2017 |
 BDX | $255M | 1.88% | 0.62% | +74.9% | Q3 2024 |
 CNI | $251M | 1.85% | 0.34% | -12.9% | Q2 2013 |
 FLS | $246M | 1.81% | 2.59% | +65.0% | Q2 2018 |
 MFC | $240M | 1.76% | Not reported | -41.6% | Q2 2013 |
 DOX | $233M | 1.72% | 4.25% | -12.7% | Q2 2015 |
 WAB | $228M | 1.68% | 0.50% | -48.7% | Q2 2020 |
 OMC | $225M | 1.66% | 1.08% | -25.1% | Q2 2017 |
 ELV | $224M | 1.65% | 0.27% | -34.8% | Q2 2025 |
 GFL | $210M | 1.55% | Not reported | -13.8% | Q2 2024 |
 GIB | $208M | 1.53% | Not reported | -13.5% | Q4 2019 |
| BAM | $205M | 1.51% | Not reported | -11.8% | Q3 2014 |
 NTR | $202M | 1.49% | 0.56% | -13.4% | Q1 2018 |
 FTS | $199M | 1.46% | 0.68% | -12.6% | Q4 2017 |
 AXP | $194M | 1.43% | 0.08% | -13.8% | Q3 2016 |
 QCOM | $191M | 1.41% | 0.10% | -57.0% | Q3 2022 |
 AMGN | $189M | 1.39% | 0.10% | -19.8% | Q2 2018 |
 RBA | $174M | 1.28% | 0.81% | -13.5% | Q2 2023 |
 FNV | $170M | 1.25% | 0.42% | +35.2% | Q4 2016 |
 AMAT | $167M | 1.23% | 0.03% | -48.1% | Q3 2025 |
 CIGI | $167M | 1.23% | 4.42% | -12.5% | Q4 2017 |
 WFC | $160M | 1.18% | 0.06% | -5.2% | Q4 2017 |
 GIL | $152M | 1.12% | 1.59% | -13.8% | Q1 2026 |
 TRP | $151M | 1.11% | Not reported | -39.4% | Q2 2019 |
 AZO | $150M | 1.11% | 0.29% | Not reported | Q3 2017 |
 COR | $144M | 1.06% | 0.27% | +167.7% | Q1 2017 |
 KMB | $143M | 1.05% | 0.39% | -29.2% | Q3 2018 |
 GEN | $143M | 1.05% | 0.95% | -44.7% | Q4 2019 |
 BGSI | $141M | 1.04% | 5.36% | -13.4% | Q4 2025 |
 ATS | $138M | 1.02% | 4.89% | -12.1% | Q2 2023 |
 SLF | $137M | 1.01% | Not reported | -40.0% | Q1 2017 |
| Q1 2026 | |||||
| TD | $687M | 4.66% | 0.44% | -7.9% | Q2 2013 |
| RY | $581M | 3.94% | 0.26% | -7.9% | Q2 2013 |
| BMO | $419M | 2.84% | 0.44% | -37.9% | Q4 2017 |
| WAB | $412M | 2.79% | 0.97% | -5.4% | Q2 2020 |
| PPG | $397M | 2.69% | 1.67% | -5.3% | Q2 2020 |
| EBAY | $389M | 2.64% | 0.96% | -5.3% | Q4 2020 |
| MDT | $387M | 2.63% | 0.35% | -5.6% | Q4 2017 |
| CB | $377M | 2.56% | 0.30% | -21.9% | Q3 2024 |
| QSR | $376M | 2.55% | 1.47% | -8.1% | Q4 2020 |
| NTAP | $373M | 2.53% | 1.85% | +8.7% | Q3 2021 |
| MRK | $364M | 2.47% | 0.12% | -25.4% | Q4 2013 |
| RCI | $364M | 2.47% | Not reported | -8.5% | Q2 2013 |
| MFC | $347M | 2.36% | Not reported | -8.2% | Q2 2013 |
| DOX | $345M | 2.34% | 4.87% | +11.6% | Q2 2015 |
| CP | $323M | 2.19% | 0.46% | -7.4% | Q2 2013 |
| OMC | $311M | 2.11% | 1.33% | -26.6% | Q2 2017 |
| QCOM | $310M | 2.10% | 0.23% | +26.7% | Q3 2022 |
| AMP | $293M | 1.99% | 0.72% | -9.0% | Q3 2017 |
| NTR | $279M | 1.89% | 0.65% | -38.3% | Q1 2018 |
| GFL | $276M | 1.87% | Not reported | -7.5% | Q2 2024 |
 CMCSA | $274M | 1.86% | 0.23% | -9.0% | Q4 2017 |
| GIB | $272M | 1.84% | Not reported | -7.0% | Q4 2019 |
| SU | $269M | 1.83% | 0.34% | -8.3% | Q4 2017 |
| ELV | $260M | 1.76% | 0.41% | +8.4% | Q2 2025 |
| UNP | $259M | 1.75% | 0.18% | +59956.9% | Q1 2025 |
| CNI | $248M | 1.68% | 0.39% | -8.1% | Q2 2013 |
| TRP | $236M | 1.60% | Not reported | -37.5% | Q2 2019 |
| BAM | $230M | 1.56% | Not reported | +167.9% | Q3 2014 |
| AMGN | $228M | 1.55% | 0.12% | -45.1% | Q2 2018 |
| FTS | $221M | 1.50% | 0.78% | -8.0% | Q4 2017 |
| BGSI | $219M | 1.49% | 6.19% | +9.7% | Q4 2025 |
| CIGI | $217M | 1.47% | 5.06% | +26.9% | Q4 2017 |
| AXP | $201M | 1.36% | 0.10% | -13.2% | Q3 2016 |
| GEN | $196M | 1.33% | 1.72% | -20.3% | Q4 2019 |
| CNQ | $195M | 1.32% | 0.19% | -37.7% | Q2 2013 |
| MAS | $191M | 1.30% | 1.57% | -4.4% | Q2 2022 |
| GIL | $190M | 1.29% | 1.85% | New | Q1 2026 |
| SLF | $182M | 1.23% | Not reported | -8.4% | Q1 2017 |
| KMB | $178M | 1.20% | 0.55% | -43.2% | Q3 2018 |
 CMI | $174M | 1.18% | 0.23% | -5.8% | Q4 2018 |
| RBA | $165M | 1.12% | 0.93% | -36.5% | Q2 2023 |
| WFC | $163M | 1.11% | 0.07% | +13449.6% | Q4 2017 |
 CAE | $162M | 1.10% | 1.94% | -6.8% | Q2 2020 |
| BN | $161M | 1.09% | Not reported | -7.5% | Q4 2022 |
| ATS | $153M | 1.04% | 5.56% | -6.6% | Q2 2023 |
| AMAT | $152M | 1.03% | 0.06% | -36.6% | Q3 2025 |
| BDX | $151M | 1.03% | 0.35% | Not reported | Q3 2024 |
| FNV | $148M | 1.01% | 0.31% | -35.2% | Q4 2016 |
| FLS | $148M | 1.00% | 1.58% | -25.7% | Q2 2018 |
 SEIC | $139M | 0.94% | 1.47% | -5.8% | Q2 2020 |
| Q4 2025 | |||||
| TD | $756M | 4.65% | 0.47% | -37.1% | Q2 2013 |
| RY | $668M | 4.10% | 0.28% | -7.0% | Q2 2013 |
| BMO | $649M | 3.99% | 0.70% | -7.4% | Q4 2017 |
| CB | $462M | 2.84% | 0.38% | +2.0% | Q3 2024 |
| MDT | $455M | 2.79% | 0.37% | -0.7% | Q4 2017 |
| OMC | $454M | 2.79% | 1.80% | +77.9% | Q2 2017 |
| MRK | $428M | 2.63% | 0.16% | -16.3% | Q4 2013 |
| PPG | $402M | 2.47% | 1.76% | +2.4% | Q2 2020 |
| MFC | $401M | 2.46% | Not reported | +7.5% | Q2 2013 |
| EBAY | $393M | 2.42% | 1.01% | +22.7% | Q4 2020 |
| RCI | $392M | 2.41% | Not reported | +6.0% | Q2 2013 |
| AMGN | $387M | 2.38% | 0.22% | -18.3% | Q2 2018 |
| DOX | $381M | 2.34% | 4.37% | +7.1% | Q2 2015 |
| QSR | $379M | 2.33% | 1.60% | +6.0% | Q4 2020 |
| WAB | $372M | 2.29% | 1.02% | +3.7% | Q2 2020 |
| GIB | $371M | 2.28% | Not reported | +7.0% | Q4 2019 |
| NTR | $371M | 2.28% | 1.05% | +7.4% | Q1 2018 |
| NTAP | $359M | 2.20% | 1.69% | -4.6% | Q3 2021 |
| AMP | $356M | 2.18% | 0.78% | +34.7% | Q3 2017 |
| GEN | $354M | 2.18% | 2.11% | -7.9% | Q4 2019 |
| TRP | $333M | 2.05% | Not reported | -7.3% | Q2 2019 |
| KMB | $327M | 2.01% | 0.98% | +15.1% | Q3 2018 |
| CP | $327M | 2.01% | 0.49% | +16.2% | Q2 2013 |
| QCOM | $325M | 2.00% | 0.18% | -28.5% | Q3 2022 |
| CMCSA | $313M | 1.92% | 0.25% | -8.0% | Q4 2017 |
| GFL | $308M | 1.90% | Not reported | +31.5% | Q2 2024 |
| ELV | $287M | 1.76% | 0.37% | +13.9% | Q2 2025 |
| AXP | $283M | 1.74% | 0.11% | -37.7% | Q3 2016 |
| RBA | $280M | 1.72% | 1.46% | -7.6% | Q2 2023 |
| CNI | $260M | 1.60% | 0.43% | -31.7% | Q2 2013 |
| BGSI | $251M | 1.54% | 5.65% | New | Q4 2025 |
| CIGI | $236M | 1.45% | 3.99% | -7.6% | Q4 2017 |
| FTS | $225M | 1.38% | 0.85% | -36.7% | Q4 2017 |
| CNQ | $218M | 1.34% | 0.31% | +3243.3% | Q2 2013 |
| MAS | $210M | 1.29% | 1.62% | +25.8% | Q2 2022 |
| CAE | $203M | 1.25% | 2.09% | -7.2% | Q2 2020 |
| SLF | $198M | 1.22% | Not reported | -25.6% | Q1 2017 |
| SU | $198M | 1.22% | 0.37% | -23.0% | Q4 2017 |
| BN | $198M | 1.21% | Not reported | -7.7% | Q4 2022 |
| FNV | $193M | 1.18% | 0.48% | -7.2% | Q4 2016 |
| FLS | $188M | 1.15% | 2.13% | +14.0% | Q2 2018 |
 OTEX | $182M | 1.12% | 2.21% | -7.4% | Q2 2013 |
| AMAT | $180M | 1.11% | 0.09% | -35.6% | Q3 2025 |
| CMI | $175M | 1.08% | 0.25% | -7.1% | Q4 2018 |
 CPB | $175M | 1.07% | 2.10% | -7.0% | Q4 2017 |
| ATS | $161M | 0.99% | 6.02% | -7.8% | Q2 2023 |
 BLK | $159M | 0.97% | 0.10% | -33.3% | Q4 2018 |
| SEIC | $154M | 0.95% | 1.54% | -7.0% | Q2 2020 |
 CG | $144M | 0.88% | 0.68% | -7.1% | Q3 2022 |
 HOG | $131M | 0.80% | 5.71% | -7.1% | Q4 2017 |
| Q3 2025 | |||||
| TD | $1.02B | 6.13% | 0.73% | -13.6% | Q2 2013 |
| BMO | $702M | 4.23% | 0.74% | -6.6% | Q4 2017 |
| RY | $620M | 3.74% | 0.30% | -36.0% | Q2 2013 |
| MDT | $454M | 2.73% | 0.37% | -2.9% | Q4 2017 |
| QCOM | $442M | 2.66% | 0.25% | -4.2% | Q3 2022 |
| NTAP | $416M | 2.51% | 1.76% | -0.9% | Q3 2021 |
| CB | $410M | 2.47% | 0.37% | +8.4% | Q3 2024 |
| AMGN | $408M | 2.46% | 0.27% | +0.7% | Q2 2018 |
| AXP | $408M | 2.45% | 0.18% | -14.1% | Q3 2016 |
| MRK | $407M | 2.45% | 0.19% | -4.9% | Q4 2013 |
| PPG | $403M | 2.43% | 1.71% | +2.7% | Q2 2020 |
| GEN | $402M | 2.42% | 2.30% | -7.3% | Q4 2019 |
| CNI | $363M | 2.19% | 0.61% | -6.9% | Q2 2013 |
| DOX | $363M | 2.19% | 4.08% | -4.9% | Q2 2015 |
| CMCSA | $358M | 2.15% | 0.28% | -4.7% | Q4 2017 |
| TRP | $355M | 2.14% | Not reported | -6.8% | Q2 2019 |
| KMB | $350M | 2.11% | 0.85% | -4.1% | Q3 2018 |
| FTS | $346M | 2.08% | 1.35% | -7.0% | Q4 2017 |
| RCI | $337M | 2.03% | Not reported | -5.1% | Q2 2013 |
| WAB | $337M | 2.03% | 0.98% | -5.6% | Q2 2020 |
| QSR | $336M | 2.02% | 1.60% | -6.9% | Q4 2020 |
| EBAY | $335M | 2.02% | 0.81% | -38.4% | Q4 2020 |
| GIB | $334M | 2.01% | Not reported | +8.5% | Q4 2019 |
| NTR | $328M | 1.98% | 0.98% | -7.0% | Q1 2018 |
| MFC | $320M | 1.93% | Not reported | -7.4% | Q2 2013 |
| RBA | $319M | 1.92% | 1.58% | -14.1% | Q2 2023 |
| CP | $284M | 1.71% | 0.42% | -7.5% | Q2 2013 |
| CIGI | $271M | 1.63% | 4.31% | -7.0% | Q4 2017 |
| AMP | $265M | 1.59% | 0.57% | -5.5% | Q3 2017 |
| BLK | $259M | 1.56% | 0.14% | -7.5% | Q4 2018 |
| GFL | $259M | 1.56% | Not reported | -7.7% | Q2 2024 |
| OMC | $258M | 1.55% | 1.63% | -5.2% | Q2 2017 |
| SLF | $256M | 1.54% | Not reported | -7.3% | Q1 2017 |
| SU | $242M | 1.46% | 0.47% | -24.9% | Q4 2017 |
| ELV | $232M | 1.40% | 0.32% | -4.8% | Q2 2025 |
| IPG | $226M | 1.36% | 2.21% | -5.7% | Q4 2021 |
| OTEX | $225M | 1.35% | 2.39% | -7.4% | Q2 2013 |
| AMAT | $223M | 1.34% | 0.14% | New | Q3 2025 |
| FNV | $223M | 1.34% | 0.52% | -7.5% | Q4 2016 |
| BN | $213M | 1.28% | Not reported | -38.4% | Q4 2022 |
| CAE | $213M | 1.28% | 2.25% | -37.6% | Q2 2020 |
| CPB | $213M | 1.28% | 2.26% | -11.6% | Q4 2017 |
| HOG | $192M | 1.15% | 5.65% | -6.5% | Q4 2017 |
| MAS | $185M | 1.12% | 1.27% | -4.1% | Q2 2022 |
| SEIC | $172M | 1.03% | 1.65% | -22.2% | Q2 2020 |
| ATS | $166M | 1.00% | 6.53% | -7.4% | Q2 2023 |
| CG | $164M | 0.99% | 0.73% | -5.4% | Q3 2022 |
| CMI | $156M | 0.94% | 0.27% | -37.2% | Q4 2018 |
| FLS | $126M | 0.76% | 1.81% | -5.6% | Q2 2018 |
| BAM | $120M | 0.72% | Not reported | -7.7% | Q3 2014 |