Connor, Clark & Lunn Investment Management Ltd.

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$38.1B

Total Positions

1,508

New This Quarter

350

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

RY5.16%

AEM2.90%

SHOP2.62%

TD2.25%

CM2.19%

NVDA2.17%

BNS1.97%

AAPL1.62%

PBUS1.62%

MSFT1.46%

Other15.35%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

NGD29Q held

NEW GOLD INC CDA C

Avg $1.10 · $20M est. P&L

Est. P&L

+704.18%

CLS7Q held

CELESTICA INC

Avg $76.06 · $363.4M est. P&L

Est. P&L

+293.65%

STRL13Q held

Sterling Infrastructure Inc

Avg $79.47 · $11.5M est. P&L

Est. P&L

+287.18%

Top Losers

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View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 1508 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
RY ROYAL BK CDA	11.5M	$2B	5.2%	—	$76.57	+124.08%	29 qtrs	Increased 64
AEM AGNICO EAGLE MINES LTD	6.5M	$1.1B	2.9%	—	$66.35	+158.98%	29 qtrs	Increased 56
SHOP Shopify Inc	6.2M	$998.7M	2.6%	—	$59.15	+176.81%	29 qtrs	Decreased 0
TD TORONTO DOMINION BK ONT	9.1M	$859.6M	2.3%	—	$45.55	+107.92%	29 qtrs	Decreased 0
CM CANADIAN IMPERIAL BANK OF CO	9.2M	$836.9M	2.2%	—	$48.88	+87.14%	29 qtrs	Decreased 0
NVDA NVIDIA Corp	4.4M	$826M	2.2%	—	$137.22	+36.67%	29 qtrs	Increased 59
BNS BANK NOVA SCOTIA HALIFAX	10.2M	$751.4M	2.0%	—	$55.52	+33.24%	29 qtrs	Increased 64
AAPL Apple Inc	2.3M	$619.4M	1.6%	—	$202.43	+34.77%	29 qtrs	Increased 62
PBUS INVESCO EXCH TRADED FD TR II	9M	$616.8M	1.6%	—	$59.93	+15.12%	5 qtrs	Unchanged 0
MSFT Microsoft Corp	1.2M	$556.9M	1.5%	—	$353.22	+38.01%	29 qtrs	Decreased 0
TRP TC ENERGY CORP	9.7M	$531.6M	1.4%	—	$45.11	+24.42%	27 qtrs	Increased 58
CLS CELESTICA INC	1.6M	$481.3M	1.3%	—	$76.06	+293.65%	7 qtrs	Increased 50
ENB ENBRIDGE INC C	9.9M	$472.3M	1.2%	—	$35.50	+35.37%	29 qtrs	Increased 64
AMZN Amazon.com Inc	2M	$464.5M	1.2%	—	$207.41	+12.11%	29 qtrs	Increased 56
B BARRICK MNG CORP	10.1M	$438.2M	1.1%	—	$32.68	+35.39%	3 qtrs	Increased 55
SU SUNCOR ENERGY INC NEW	9.8M	$434.8M	1.1%	—	$30.94	+43.84%	29 qtrs	Decreased 0
GOOG Alphabet Inc	1.4M	$429.9M	1.1%	—	$169.56	+85.50%	29 qtrs	Increased 50
CCJ CAMECO CORP	4.3M	$394.8M	1.0%	—	$53.11	+72.05%	29 qtrs	Increased 49
CP CANADIAN PACIFIC KANSAS CITY	5.3M	$387.3M	1.0%	—	$78.38	-5.22%	11 qtrs	Increased 58
KGC KINROSS GOLD CORP	12.3M	$345.7M	0.9%	—	$9.49	+201.34%	29 qtrs	Decreased 0
AVGO Broadcom Inc	947,495	$327.9M	0.9%	—	$278.51	+25.62%	12 qtrs	Increased 70
CNI CANADIAN NATL RY CO	3.1M	$303.4M	0.8%	—	$93.59	+6.11%	29 qtrs	Increased 58
ASML ASML Holding NV	274,479	$293.7M	0.8%	—	$1,030.31	+3.92%	13 qtrs	Increased 70
MFC MANULIFE FINL CORP	7.6M	$274.5M	0.7%	—	$23.24	+57.18%	29 qtrs	Decreased 0
TSM TAIWAN SEMICONDUCTOR MFG LTD	901,261	$273.9M	0.7%	—	$234.79	+27.60%	29 qtrs	Increased 66
Showing 25 of 1,508 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

BLZEBACKBLAZE INC

Q1 2024 → Q4 2025+821,403 shares+$3.4M

DLXDELUXE CORP

Q1 2024 → Q4 2025+338,003 shares+$7.6M

DRDDRDGOLD LIMITED

Q1 2024 → Q4 2025+302,143 shares+$17.5M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer