Triasima Portfolio Management inc.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Triasima Portfolio Management inc. maintained a portfolio of 171 distinct positions. They heavily accumulated shares in ROYAL BK CDA, increasing their position by 7.0%. Conversely, Triasima Portfolio Management inc. completely exited their position in RB GLOBAL INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
171
Quarter
2025 Q4
Top Holding
RY (6.1%)
Top 10 Concentration
31.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 171
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
RY
ROYAL BK CDA
Financial Services 6.15% 5.00% #1
Prev: #1
6.5 15,780 7.0%
P
S
240,459 $41,046,873 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 4.40% 3.69% #2
Prev: #2
5.3 18,028 11.0%
P
S
182,338 $29,397,554 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TD
TORONTO DOMINIO...
Financial Services 3.55% 2.75% #3 3
Prev: #6
4.4 23,157 10.2%
P
S
251,170 $23,703,338 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KGC
KINROSS GOLD CO...
Basic Materials 3.27% 3.05% #4 1
Prev: #3
2.3 -40,704 -5.0%
P
S
774,257 $21,836,786 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CM
CANADIAN IMPERI...
Financial Services 3.03% 2.75% #5 2
Prev: #7
2.2 -5,373 -2.4%
P
S
222,689 $20,214,621 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BN
BROOKFIELD CORP
Financial Services 2.74% 2.99% #6 2
Prev: #4
3.6 108,915 37.7%
P
S
397,781 $18,287,914 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BMO
BANK MONTREAL Q...
Financial Services 2.26% 1.96% #7 4
Prev: #11
2.9 16,274 16.3%
P
S
116,166 $15,106,029 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 2.17% 1.78% #8 5
Prev: #13
1.4 -2,327 -4.8%
P
S
46,316 $14,496,908 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 2.07% 2.15% #9 1
Prev: #8
1.3 1,115 4.1%
P
S
28,571 $13,817,507 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 2.06% 2.06% #10 1
Prev: #9
1.3 -1,545 -3.7%
P
S
39,804 $13,776,164 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 1.97% 2.02% #11 1
Prev: #10
1.3 -1,144 -1.6%
P
S
70,698 $13,185,177 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PAAS
PAN AMERN SILVE...
Basic Materials 1.97% 1.42% #12 5
Prev: #17
1.3 10,945 4.5%
P
S
252,950 $13,131,440 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FTS
FORTIS INC
Utilities 1.95% 1.78% #13 1
Prev: #14
2.8 17,090 7.3%
P
S
250,091 $13,019,510 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CLS
CELESTICA INC
Technology 1.77% 2.81% #14 9
Prev: #5
0.7 -35,697 -47.2%
P
S
39,906 $11,819,978 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HBM
HUDBAY MINERALS...
Basic Materials 1.74% 1.22% #15 8
Prev: #23
2.7 53,135 10.0%
P
S
584,968 $11,628,946 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TIGO
MILLICOM INTL C...
Communication Services 1.69% 1.49% #16 1
Prev: #15
1.7 no change no change
P
S
203,420 $11,277,604 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ENB
ENBRIDGE INC
Energy 1.65% 1.48% #17 1
Prev: #16
2.7 35,937 18.5%
P
S
230,209 $11,030,550 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 1.65% 1.21% #18 6
Prev: #24
3.2 7,576 26.5%
P
S
36,210 $11,003,856 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TJX
TJX COS INC NEW
Consumer Cyclical 1.60% 0.75% #19 23
Prev: #42
3.6 35,215 102.2%
P
S
69,679 $10,703,391 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IAG
IAMGOLD CORP
Basic Materials 1.54% 1.35% #20 1
Prev: #19
1.1 -73,113 -10.5%
P
S
620,937 $10,260,239 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 1.53% 1.36% #21 3
Prev: #18
2.6 3,223 11.3%
P
S
31,715 $10,219,207 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CCJ
CAMECO CORP
Energy 1.47% 0.50% #22 44
Prev: #66
3.6 67,064 168.9%
P
S
106,764 $9,788,874 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BNS
BANK NOVA SCOTI...
Financial Services 1.44% 1.03% #23 7
Prev: #30
3.1 23,925 22.6%
P
S
129,807 $9,586,257 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CIB
GRUPO CIBEST SA
Financial Services 1.33% 0.83% #24 15
Prev: #39
3.0 34,280 32.5%
P
S
139,897 $8,898,848 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WELL
WELLTOWER INC
Real Estate 1.24% 1.24% #25 4
Prev: #21
1.0 -1,550 -3.4%
P
S
44,659 $8,289,156 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RBA
RB GLOBAL INC
Industrials 0.00% 1.82%
Sold All 😨
(Was: #12)
0.0 -111,450 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NTR
NUTRIEN LTD
Basic Materials 0.00% 1.29%
Sold All 😨
(Was: #20)
0.0 -145,510 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARES
ARES MANAGEMENT...
Financial Services 0.00% 1.18%
Sold All 😨
(Was: #27)
0.0 -48,743 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AXON
AXON ENTERPRISE...
Industrials 0.00% 1.01%
Sold All 😨
(Was: #31)
0.0 -9,343 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HLI
HOULIHAN LOKEY ...
Financial Services 0.00% 0.83%
Sold All 😨
(Was: #38)
0.0 -26,795 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABT
ABBOTT LABS
Healthcare 0.00% 0.54%
Sold All 😨
(Was: #62)
0.0 -26,875 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RACE
FERRARI N V
Consumer Cyclical 0.00% 0.53%
Sold All 😨
(Was: #63)
0.0 -7,290 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TTAN
SERVICETITAN IN...
Technology 0.00% 0.50%
Sold All 😨
(Was: #67)
0.0 -32,737 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TOST
TOAST INC
Technology 0.00% 0.48%
Sold All 😨
(Was: #73)
0.0 -86,727 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LEN
LENNAR CORP
Consumer Cyclical 0.00% 0.39%
Sold All 😨
(Was: #81)
0.0 -20,550 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FITB
FIFTH THIRD BAN...
Financial Services 0.00% 0.37%
Sold All 😨
(Was: #84)
0.0 -55,075 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PBI
PITNEY BOWES IN...
Industrials 0.00% 0.33%
Sold All 😨
(Was: #92)
0.0 -194,340 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Z
ZILLOW GROUP IN...
Communication Services 0.00% 0.33%
Sold All 😨
(Was: #93)
0.0 -28,605 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HUBS
HUBSPOT INC
Technology 0.00% 0.31%
Sold All 😨
(Was: #94)
0.0 -4,445 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SYK
STRYKER CORPORA...
Healthcare 0.00% 0.27%
Sold All 😨
(Was: #97)
0.0 -4,830 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TU
TELUS CORPORATI...
Communication Services 0.00% 0.24%
Sold All 😨
(Was: #100)
0.0 -100,035 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AZO
AUTOZONE INC
Consumer Cyclical 0.00% 0.24%
Sold All 😨
(Was: #101)
0.0 -367 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
URI
UNITED RENTALS ...
Industrials 0.00% 0.22%
Sold All 😨
(Was: #104)
0.0 -1,532 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CTAS
CINTAS CORP
Industrials 0.00% 0.14%
Sold All 😨
(Was: #115)
0.0 -4,501 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MOS
MOSAIC CO NEW
Basic Materials 0.00% 0.13%
Sold All 😨
(Was: #117)
0.0 -25,235 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RELX
RELX PLC
Industrials 0.00% 0.13%
Sold All 😨
(Was: #119)
0.0 -17,545 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FNV
FRANCO NEV CORP
Basic Materials 0.00% 0.06%
Sold All 😨
(Was: #132)
0.0 -1,683 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KR
KROGER CO
Consumer Defensive 0.00% 0.05%
Sold All 😨
(Was: #133)
0.0 -5,167 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DE
DEERE & CO
Industrials 0.00% 0.05%
Sold All 😨
(Was: #136)
0.0 -665 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VRSN
VERISIGN INC
Technology 0.00% 0.04%
Sold All 😨
(Was: #140)
0.0 -946 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CYBR
CYBERARK SOFTWA...
Technology 0.00% 0.03%
Sold All 😨
(Was: #144)
0.0 -467 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CFG
CITIZENS FINL G...
Financial Services 0.00% 0.03%
Sold All 😨
(Was: #146)
0.0 -3,874 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HWKN
HAWKINS INC
Basic Materials 0.00% 0.03%
Sold All 😨
(Was: #147)
0.0 -1,115 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 171 holdings

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