Canada Pension Plan Investment Board
Reported US equity positions for Q1 2026 — $155.0B across 1,680 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $8.5B | 5.5% | 48,786,351 |
| AAPL Apple Inc. | $6.5B | 4.2% | 25,754,832 |
| MSFT Microsoft Corporation | $5.6B | 3.6% | 14,999,474 |
| AMZN Amazon.com, Inc. | $3.9B | 2.5% | 18,519,822 |
| GOOGL Alphabet Inc. | $3.5B | 2.3% | 12,208,787 |
| H11356104 Bunge Global Sa | $3.3B | 2.2% | 26,247,358 |
| AVGO Broadcom Inc. | $3.2B | 2.1% | 10,292,092 |
| GOOG Alphabet Inc. - Class C Capital Stock | $2.4B | 1.5% | 8,255,065 |
| META Meta Platforms, Inc. | $2.4B | 1.5% | 4,132,946 |
| TSLA Tesla, Inc. | $2.3B | 1.5% | 6,059,110 |
| CEG Constellation Energy Corporation - Common Stock When-Issued | $2.1B | 1.4% | 7,672,648 |
| CRC California Resources Corporation | $2.0B | 1.3% | 40,281,315 |
| MA Mastercard Incorporated | $1.9B | 1.3% | 3,899,114 |
| JPM JP Morgan Chase & Co. | $1.9B | 1.2% | 6,524,314 |
| RY Royal Bank Of Canada | $1.6B | 1.0% | 9,965,831 |
| G93A5A101 Viking Holdings LTD | $1.5B | 1.0% | 20,144,744 |
| UNP Union Pacific Corporation | $1.5B | 1.0% | 6,084,355 |
| BRK.B Berkshire Hathaway Inc. | $1.4B | 0.9% | 2,991,382 |
| DLR Digital Realty Trust, Inc. | $1.4B | 0.9% | 7,582,063 |
| LYV Live Nation Entertainment, Inc. | $1.3B | 0.9% | 8,798,835 |
| LLY Eli Lilly and Company | $1.3B | 0.9% | 1,447,591 |
| TMUS T-Mobile US, Inc. | $1.3B | 0.8% | 6,062,911 |
| XOM ExxonMobil Holdings Corporation | $1.3B | 0.8% | 7,431,709 |
| TD The Toronto Dominion Bank | $1.2B | 0.8% | 12,476,893 |
| EQIX Equinix, Inc. | $1.2B | 0.7% | 1,183,533 |
| LNG Cheniere Energy, Inc. | $1.2B | 0.7% | 4,074,529 |
| H8088L103 Sportradar Group Ag | $1.1B | 0.7% | 68,171,745 |
| JNJ Johnson & Johnson | $1.1B | 0.7% | 4,544,422 |
| TRP TC Energy Corporation | $1.1B | 0.7% | 17,519,449 |
| G54950103 Linde PLC | $1.0B | 0.7% | 2,057,744 |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $986.5M | 0.6% | 8,312,252 |
| WMT Walmart Inc. | $983.1M | 0.6% | 7,910,057 |
| PLTR Palantir Technologies Inc. | $919.7M | 0.6% | 6,287,283 |
| BAC Bank of America Corporation | $901.1M | 0.6% | 18,484,065 |
| MU Micron Technology, Inc. | $882.2M | 0.6% | 2,611,344 |
| COST Costco Wholesale Corporation | $873.0M | 0.6% | 876,126 |
| CM Canadian Imperial Bank of Commerce | $853.4M | 0.6% | 9,002,513 |
| BMO Bank Of Montreal | $845.2M | 0.5% | 6,238,876 |
| ARES Ares Management Corporation Class A | $830.8M | 0.5% | 7,614,645 |
| GE GE Aerospace | $825.5M | 0.5% | 2,909,075 |
| NFLX Netflix, Inc. | $816.5M | 0.5% | 8,492,181 |
| CSCO Cisco Systems, Inc. | $767.5M | 0.5% | 9,891,453 |
| CVX Chevron Corporation | $752.3M | 0.5% | 3,636,055 |
| ENB Enbridge Inc | $748.0M | 0.5% | 13,796,294 |
| AMAT Applied Materials, Inc. | $719.5M | 0.5% | 2,105,121 |
| AEM Agnico Eagle Mines Limited | $718.6M | 0.5% | 3,539,686 |
| AMD Advanced Micro Devices, Inc. | $699.5M | 0.5% | 3,438,286 |
| ISRG Intuitive Surgical, Inc. | $690.9M | 0.4% | 1,498,674 |
| KO The Coca-Cola Company | $690.4M | 0.4% | 9,078,741 |
| IWM iShares Russell 2000 Index Fund | $689.7M | 0.4% | 2,781,000 |
| EQH Equitable Holdings, Inc. | $676.1M | 0.4% | 18,218,634 |
| HD The Home Depot, Inc. | $646.8M | 0.4% | 1,966,518 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $632.1M | 0.4% | 9,113,642 |
| PG The Procter & Gamble Company | $631.5M | 0.4% | 4,372,047 |
| B Barrick Mining Corporation | $626.2M | 0.4% | 15,319,859 |
| LRCX Lam Research Corporation | $608.4M | 0.4% | 2,847,498 |
| SU Suncor Energy Inc. | $589.1M | 0.4% | 8,904,324 |
| ABBV AbbVie Inc. | $575.6M | 0.4% | 2,646,492 |
| SPY State Street SPDR S&P 500 ETF Trust | $570.3M | 0.4% | 877,000 |
| F92124100 Totalenergies Se | $568.0M | 0.4% | 6,074,174 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Add | $8.5B | $8.4B | +9% |
| AAPL Apple Inc. | Add | $6.5B | $6.6B | +6% |
| MSFT Microsoft Corporation | Add | $5.6B | $6.1B | +19% |
| AMZN Amazon.com, Inc. | Add | $3.9B | $4.1B | +4% |
| GOOGL Alphabet Inc. | Add | $3.5B | $3.4B | +11% |
| AVGO Broadcom Inc. | Trim | $3.2B | $4.0B | -10% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $2.4B | $2.4B | +7% |
| META Meta Platforms, Inc. | Add | $2.4B | $2.6B | +4% |
| TSLA Tesla, Inc. | Add | $2.3B | $2.3B | +20% |
| CRC California Resources Corporation | Trim | $2.0B | $1.4B | -2% |
| MA Mastercard Incorporated | Add | $1.9B | $2.1B | +5% |
| JPM JP Morgan Chase & Co. | Add | $1.9B | $1.8B | +17% |
| BRK.B Berkshire Hathaway Inc. | Add | $1.4B | $1.4B | +4% |
| DLR Digital Realty Trust, Inc. | Add | $1.4B | $1.2B | +2% |
| LYV Live Nation Entertainment, Inc. | Trim | $1.3B | $1.3B | -7% |
| LLY Eli Lilly and Company | Add | $1.3B | $1.4B | +9% |
| TMUS T-Mobile US, Inc. | Add | $1.3B | $1.2B | +5% |
| XOM ExxonMobil Holdings Corporation | Add | $1.3B | $847.6M | +6% |
| TD The Toronto Dominion Bank | Trim | $1.2B | $1.3B | -8% |
| EQIX Equinix, Inc. | Add | $1.2B | $884.1M | +3% |
| LNG Cheniere Energy, Inc. | Add | $1.2B | $779.3M | +2% |
| JNJ Johnson & Johnson | Add | $1.1B | $735.6M | +28% |
| TRP TC Energy Corporation | Trim | $1.1B | $1.0B | -4% |
| G54950103 Linde PLC | Add | $1.0B | $762.4M | +15% |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | Trim | $986.5M | $1.4B | -5% |
| WMT Walmart Inc. | Add | $983.1M | $741.7M | +19% |
| PLTR Palantir Technologies Inc. | Add | $919.7M | $1.0B | +7% |
| BAC Bank of America Corporation | Add | $901.1M | $802.0M | +27% |
| MU Micron Technology, Inc. | Add | $882.2M | $566.2M | +32% |
| COST Costco Wholesale Corporation | Trim | $873.0M | $840.8M | -10% |
| CM Canadian Imperial Bank of Commerce | Add | $853.4M | $651.0M | +25% |
| BMO Bank Of Montreal | Trim | $845.2M | $821.5M | -1% |
| ARES Ares Management Corporation Class A | Add | $830.8M | $723.6M | +70% |
| GE GE Aerospace | Trim | $825.5M | $983.2M | -9% |
| NFLX Netflix, Inc. | Add | $816.5M | $681.7M | +17% |
| CSCO Cisco Systems, Inc. | Add | $767.5M | $601.8M | +27% |
| CVX Chevron Corporation | Add | $752.3M | $463.0M | +20% |
| ENB Enbridge Inc | Add | $748.0M | $536.6M | +23% |
| AMAT Applied Materials, Inc. | Add | $719.5M | $481.3M | +12% |
| AEM Agnico Eagle Mines Limited | Trim | $718.6M | $616.6M | -3% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.