Addenda Capital Inc. Q2 2026 Portfolio Highlights
Insights into Addenda Capital's significant holdings changes during the second quarter of 2026.
As of June 30, 2026, Addenda Capital Inc.'s portfolio shows notable shifts in its stock holdings. The investment firm's total assets under management reached $3.61 billion during this period.
Several companies saw significant increases in their shareholdings within Addenda's portfolio:
- Hudbay Minerals (HBM): Experienced a substantial increase of over 200% in shares, making it one of the largest additions to the fund.
- Kinross Gold Corp. (KGC): Shares increased by approximately 31%, adding considerable exposure to gold mining stocks.
- Wheaton Precious Metals Corp. (WPM): Holdings saw a significant boost, reflecting the fund's interest in precious metal producers.
- Agnico Eagle Mines Ltd. (AEM): Shares increased by nearly 24%, adding another major position to Addenda Capital Inc.'s portfolio.
- Franko-Nevada Corp. (FNV): Despite a decrease in percentage allocation, this company remains one of the significant holdings due to its previous weight and sector focus.
In contrast, Addenda Capital Inc. also divested from several positions during Q2:
- Alamos Gold Inc. (AGI): Holdings decreased by over 61%, representing one of the largest reductions in shares.
- This significant reduction aligns with a broader trend observed across some gold miners, though Addenda maintained its interest elsewhere in the sector.
The fund also saw notable changes in other sectors:
- Cenovus Energy Inc. (CVE): Holdings decreased by nearly 56%, impacting the energy allocation within Addenda Capital's portfolio.
- Nike Inc. (NKE): Shares were reduced significantly, reflecting a strategic shift away from consumer goods in favor of other sectors like technology and financials.
These changes occurred alongside continued interest in established Financial Services companies:
- Toronto Dominion Bank (TD): Holdings slightly decreased, but the allocation remains strong at around $6.07% of total assets.
- Manulife Financial Corp. (MFC): Shares increased significantly by nearly 25%, adding to Addenda's exposure in this sector.
The overall portfolio allocation shifted during Q2, with a notable increase in Basic Materials and Energy sectors through strategic additions like HBM, KGC, WPM, CCJ, and ENB. Conversely, the fund reduced its positions in consumer cyclical stocks such as AGI, CVE, NKE.
For more detailed information on Addenda Capital Inc.'s portfolio performance or to explore individual stock holdings, please refer to their latest filing available at Addenda Capital Inc..