Healthcare Of Ontario Pension Plan Trust Fund
Reported US equity positions for Q1 2026 — $60.6B across 1,450 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $3.3B | 5.4% | 18,873,847 |
| JPM JP Morgan Chase & Co. | $2.0B | 3.4% | 6,944,004 |
| AAPL Apple Inc. | $1.9B | 3.2% | 7,658,024 |
| CRC California Resources Corporation | $1.8B | 3.0% | 37,457,500 |
| IVV iShares Core S&P 500 ETF | $1.7B | 2.9% | 2,646,824 |
| SPY State Street SPDR S&P 500 ETF Trust | $1.7B | 2.8% | 2,589,197 |
| QQQ Invesco QQQ Trust, Series 1 | $1.4B | 2.4% | 2,475,000 |
| GOOGL Alphabet Inc. | $1.3B | 2.2% | 4,547,907 |
| XBI State Street SPDR S&P Biotech ETF | $1.2B | 2.1% | 9,745,500 |
| IWM iShares Russell 2000 Index Fund | $1.2B | 1.9% | 4,680,000 |
| META Meta Platforms, Inc. | $1.1B | 1.8% | 1,899,222 |
| MSFT Microsoft Corporation | $1.0B | 1.7% | 2,726,343 |
| AVGO Broadcom Inc. | $935.4M | 1.5% | 3,022,127 |
| TSLA Tesla, Inc. | $687.7M | 1.1% | 1,849,918 |
| TD The Toronto Dominion Bank | $604.1M | 1.0% | 6,470,416 |
| RY Royal Bank Of Canada | $603.4M | 1.0% | 3,734,189 |
| WMT Walmart Inc. | $586.9M | 1.0% | 4,722,474 |
| XRT State Street SPDR S&P Retail ETF | $581.1M | 1.0% | 7,221,000 |
| BAC Bank of America Corporation | $575.1M | 0.9% | 11,797,936 |
| GOOG Alphabet Inc. - Class C Capital Stock | $566.1M | 0.9% | 1,973,424 |
| SU Suncor Energy Inc. | $513.0M | 0.8% | 7,758,650 |
| KRE State Street SPDR S&P Regional Banking ETF | $489.5M | 0.8% | 7,514,000 |
| BMO Bank Of Montreal | $473.3M | 0.8% | 3,495,672 |
| ABBV AbbVie Inc. | $455.9M | 0.8% | 2,095,979 |
| COST Costco Wholesale Corporation | $444.6M | 0.7% | 446,187 |
| MA Mastercard Incorporated | $431.8M | 0.7% | 864,125 |
| XLI State Street Industrial Select Sector SPDR ETF | $412.9M | 0.7% | 2,553,000 |
| MFC Manulife Financial Corporation | $403.0M | 0.7% | 11,702,230 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $384.0M | 0.6% | 5,539,629 |
| MU Micron Technology, Inc. | $383.7M | 0.6% | 1,135,685 |
| AXP American Express Company | $374.0M | 0.6% | 1,236,438 |
| CSCO Cisco Systems, Inc. | $362.3M | 0.6% | 4,670,052 |
| TRP TC Energy Corporation | $354.0M | 0.6% | 5,654,803 |
| BAC Bank of America Corporation | $353.5M | 0.6% | 7,041,869 |
| AMZN Amazon.com, Inc. | $340.6M | 0.6% | 1,635,609 |
| RSP Invesco S&P 500 Equal Weight ETF | $335.9M | 0.6% | 1,750,000 |
| CMCSA Comcast Corporation | $333.5M | 0.6% | 11,616,490 |
| CM Canadian Imperial Bank of Commerce | $321.1M | 0.5% | 3,389,515 |
| KLAC KLA Corporation | $311.6M | 0.5% | 211,610 |
| ADI Analog Devices, Inc. | $302.2M | 0.5% | 949,794 |
| JNJ Johnson & Johnson | $300.2M | 0.5% | 1,227,947 |
| BKNG Booking Holdings Inc. | $286.4M | 0.5% | 68,013 |
| UBER Uber Technologies, Inc. | $273.6M | 0.5% | 3,804,271 |
| XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF | $272.7M | 0.5% | 1,500,000 |
| G54950103 Linde PLC | $269.2M | 0.4% | 542,959 |
| SCHW The Charles Schwab Corporation | $261.9M | 0.4% | 2,786,512 |
| MS Morgan Stanley | $257.1M | 0.4% | 1,562,523 |
| BRK.B Berkshire Hathaway Inc. | $256.1M | 0.4% | 534,484 |
| COP ConocoPhillips | $249.9M | 0.4% | 1,893,340 |
| LOW Lowe's Companies, Inc. | $244.1M | 0.4% | 1,033,232 |
| T AT&T Inc. | $241.9M | 0.4% | 8,344,709 |
| NEE NextEra Energy, Inc. | $238.5M | 0.4% | 2,567,809 |
| WDC 3 11.15.28 Western Digital Corp | $229.2M | 0.4% | 32,000,000 |
| NEM Newmont Corporation | $226.2M | 0.4% | 2,089,933 |
| MDLN Medline INC | $222.5M | 0.4% | 5,000,000 |
| CEG Constellation Energy Corporation - Common Stock When-Issued | $214.6M | 0.4% | 768,514 |
| XLK State Street Technology Select Sector SPDR ETF | $212.6M | 0.4% | 1,600,000 |
| PLD Prologis, Inc. | $211.9M | 0.3% | 1,602,919 |
| BN Brookfield Corporation Class A Limited Voting Shares | $210.3M | 0.3% | 5,192,606 |
| INTC Intel Corporation | $196.9M | 0.3% | 4,462,861 |
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 | $3.3B | $3.4B | +4% |
| JPM JP Morgan Chase & Co. | Add | $2.0B | $1.7B | +31% |
| AAPL Apple Inc. | Add | $1.9B | $1.8B | +16% |
| CRC California Resources Corporation | Add | $1.8B | $1.2B | +10% |
| SPY State Street SPDR S&P 500 ETF Trust | Trim | $1.7B | $2.6B | -31% |
| QQQ Invesco QQQ Trust, Series 1 | Trim | $1.4B | $1.9B | -18% |
| GOOGL Alphabet Inc. | Add | $1.3B | $1.4B | +4% |
| XBI State Street SPDR S&P Biotech ETF | Trim | $1.2B | $1.5B | -23% |
| IWM iShares Russell 2000 Index Fund | Trim | $1.2B | $1.2B | -5% |
| META Meta Platforms, Inc. | Add | $1.1B | $837.8M | +50% |
| MSFT Microsoft Corporation | Add | $1.0B | $1.0B | +31% |
| AVGO Broadcom Inc. | Trim | $935.4M | $1.4B | -27% |
| TSLA Tesla, Inc. | Add | $687.7M | $535.6M | +55% |
| TD The Toronto Dominion Bank | Trim | $604.1M | $1.1B | -46% |
| RY Royal Bank Of Canada | Add | $603.4M | $505.9M | +26% |
| WMT Walmart Inc. | Add | $586.9M | $76.4M | +589% |
| XRT State Street SPDR S&P Retail ETF | Trim | $581.1M | $948.5M | -35% |
| BAC Bank of America Corporation | Add | $575.1M | $397.5M | +63% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $566.1M | $499.6M | +24% |
| SU Suncor Energy Inc. | Add | $513.0M | $101.6M | +239% |
| KRE State Street SPDR S&P Regional Banking ETF | Trim | $489.5M | $581.0M | -16% |
| BMO Bank Of Montreal | Add | $473.3M | $424.4M | +7% |
| COST Costco Wholesale Corporation | Add | $444.6M | $213.2M | +80% |
| MA Mastercard Incorporated | Add | $431.8M | $259.1M | +90% |
| XLI State Street Industrial Select Sector SPDR ETF | Trim | $412.9M | $609.3M | -35% |
| MFC Manulife Financial Corporation | Add | $403.0M | $149.8M | +184% |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | Trim | $384.0M | $696.9M | -41% |
| MU Micron Technology, Inc. | Trim | $383.7M | $429.0M | -24% |
| AXP American Express Company | Add | $374.0M | $101.6M | +350% |
| CSCO Cisco Systems, Inc. | Add | $362.3M | $224.8M | +60% |
| TRP TC Energy Corporation | Trim | $354.0M | $527.5M | -41% |
| BAC Bank of America Corporation | Add | $353.5M | $161.1M | +78% |
| AMZN Amazon.com, Inc. | Add | $340.6M | $366.3M | +3% |
| RSP Invesco S&P 500 Equal Weight ETF | Trim | $335.9M | $471.2M | -29% |
| CM Canadian Imperial Bank of Commerce | Trim | $321.1M | $766.0M | -60% |
| ADI Analog Devices, Inc. | Add | $302.2M | $177.7M | +45% |
| JNJ Johnson & Johnson | Add | $300.2M | $195.9M | +30% |
| XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF | Trim | $272.7M | $391.3M | -52% |
| G54950103 Linde PLC | Add | $269.2M | $165.2M | +40% |
| SCHW The Charles Schwab Corporation | Add | $261.9M | $170.4M | +63% |
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.