Nexus Investment Management Ulc Buys & Sells in Q2 2026

Nexus Investment Management Ulc saw its portfolio grow to $760.07 million by June 30, 2026. The investment manager made notable adjustments across several sectors during this quarter.

The most significant purchase was a substantial increase in shares of Arthur J. Gallagher & Co, also known by its ticker symbol AJG, which jumped by 149765% from the previous quarter. This dramatic change occurred within the Financial Services sector and represents a major shift in Nexus's investment strategy for Q2 2026.

In contrast to this large buy, Nexus sold shares of several previously held stocks. Corning Inc (GLW) saw its stake reduced by a massive -70.37%, meaning almost all positions were liquidated. Similarly, the ETF holding IShares MSCI EAFE ETF (EFA), which is categorized as an ETF, was drastically cut by 98.54% during Q2.

Other significant exits included the sale of United States Treasury Inflation Protected Securities ETF (TIPS) and United States Short-Term Treasury Fund (STMF), though specific details for these were not provided in the changed holdings list. The investment manager also reduced its position in Cisco Systems Inc, cutting shares by -33.76% and reducing its portfolio allocation from 14.71% to 6.39%, while simultaneously exiting positions in several other holdings.

Additionally, Nexus Investment Management Ulc sold a substantial portion of its stake in EFA, which was previously held at a portfolio percentage allocation of 0.01% but had been significantly increased earlier. The investment manager also exited positions in several other stocks, including VEA and VWO (though specific data for these ETFs wasn't included).

This quarter's activity saw Nexus Investment Management Ulc both buy into a new position with AJG and sell off significant portions of its portfolio, including major reductions in holdings like GLW, EFA, CSCO, and others. The overall impact on the portfolio's allocation percentages was substantial due to these large transactions.