§ 13F · FUND PROFILE
1832 Asset Management L.P..
Canadian multi-asset management
AUM · $128163.5T (13F)Positions · 652Turnover · 96% · Q4Filed · Feb 13, 2026
CONCENTRATION
53%
Top 10 holdings
NEW BUYS
+121
+$4165.8T deployed
EXITS
0
No exits
SECTOR SHIFT
ENERGY → OTHER
0pp · +7pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF TR | 75.00M | $51144.0T | 39.0% | −25% |
| 2 | TD | TORONTO DOMINION BK ONT | 32.29M | $3041.7T | 2.3% | +46% |
| 3 | RY | ROYAL BK CDA | 16.86M | $2874.7T | 2.2% | +8% |
| 4 | MSFT | MICROSOFT CORP | 5.65M | $2730.2T | 2.1% | +23% |
| 5 | BN | BROOKFIELD CORP | 45.55M | $2090.1T | 1.6% | +179% |
| 6 | CNI | CANADIAN NATL RY CO | 18.75M | $1853.2T | 1.4% | +98% |
| 7 | AMZN | AMAZON COM INC | 7.77M | $1793.9T | 1.4% | +30% |
| 8 | GOOGL | ALPHABET INC | 5.55M | $1738.7T | 1.3% | +16% |
| 9 | ENB | ENBRIDGE INC | 30.58M | $1462.7T | 1.1% | +3% |
| 10 | BNS | BANK NOVA SCOTIA HALIFAX | 18.76M | $1382.5T | 1.1% | +5% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other29.0% (+7pp)
Banking8.2% (+2pp)
Technology7.9% (+2pp)
Energy4.5% (±0)
Financial Services4.4% (+1pp)
Retail3.9% (+1pp)
§ 03 · THE 1832 SIGNAL
AC read
1832 Asset Management L.P. is a Quality / Compounder fund managing $128163505.1 trillion in assets. The fund runs a broad portfolio of 652 positions, high concentration in top holdings, with the top 10 positions making up 53% of the portfolio. Trading activity is aggressive at 96% quarterly turnover, with 121 new positions and 0 exits last quarter. Top sector allocations: Other (29%), Banking (8%), Technology (8%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+121 buys · −0 exits · 537 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed