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Beutel, Goodman & Co Ltd.

SEC CIK
0001361974
Latest filing
Aug 12, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 14, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
205
+119 vs. Q4 2024
Portfolio value
$17.4B
−$1.03B (−5.6%) vs. Q4 2024
Filed
May 14, 2025
AmendedSEC
Holdings of Beutel, Goodman & Co Ltd. in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock15,320,394$917.9M5.3%−1,483,413−8.8%ReducedHistory
RYRoyal Bank of CanadaStock6,805,190$766.5M4.4%−654,570−8.8%ReducedHistory
BMOBank of MontrealCOM5,972,658$570.3M3.3%−643,956−9.7%ReducedHistory
EBAYeBay IncCOM7,059,654$478.1M2.8%+33,884+0.5%AddedHistory
DOXAmdocs LtdSHS5,055,808$462.6M2.7%+71,127+1.4%AddedHistory
CMCSAComcast CorpStock12,206,979$450.4M2.6%+1,242,967+11.3%AddedHistory
GENGen Digital Inc.Stock16,553,576$439.3M2.5%+102,863+0.6%AddedHistory
AMGNAmgen IncStock1,399,279$435.9M2.5%+126,854+10.0%AddedHistory
MDTMedtronic plcStock4,792,057$430.6M2.5%+70,357+1.5%AddedHistory
KMBKimberly Clark CorpStock2,988,189$425.0M2.4%+20,763+0.7%AddedHistory
CNICanadian National Railway CoStock4,262,691$414.8M2.4%+146,207+3.6%AddedHistory
PPGPPG Industries IncStock3,784,668$413.9M2.4%+446,284+13.4%AddedHistory
QCOMQualcomm IncStock2,678,815$411.5M2.4%+237,245+9.7%AddedHistory
MRKMerck & Co., Inc.Stock4,425,097$397.2M2.3%+383,175+9.5%AddedHistory
AXPAmerican Express CoStock1,456,338$391.8M2.3%+6,860+0.5%AddedHistory
CBChubb LtdStock1,280,901$386.8M2.2%+273,103+27.1%AddedHistory
QSRRestaurant Brands International Inc.COM5,798,567$386.5M2.2%+159,330+2.8%AddedHistory
RBARB Global Inc.COM3,542,283$355.5M2.0%−2,453,804−40.9%ReducedHistory
MFCManulife Financial CorpCOM11,381,728$354.6M2.0%−1,221,676−9.7%ReducedHistory
FTSFortis Inc.COM7,605,491$346.4M2.0%−542,050−6.7%ReducedHistory
TRPTC Energy CorpCOM7,265,010$343.0M2.0%+619,915+9.3%AddedHistory
NTAPNetApp, Inc.Stock3,640,885$319.8M1.8%+753,090+26.1%AddedHistory
CPBCAMPBELL'S CoCOM7,827,946$312.5M1.8%+902,581+13.0%AddedHistory
SUSuncor Energy IncStock8,002,493$309.8M1.8%−801,210−9.1%ReducedHistory
NTRNutrien Ltd.COM6,223,537$308.8M1.8%+521,725+9.2%AddedHistory
GIBCgi IncCL A3,055,815$305.0M1.8%−366,800−10.7%ReducedHistory
CPCanadian Pacific Kansas City LtdCOM4,266,734$299.4M1.7%−374,100−8.1%ReducedHistory
GFLGFL Environmental Inc.SUB VTG SHS6,111,425$295.2M1.7%−154,543−2.5%ReducedHistory
CAECae IncCOM11,800,845$290.1M1.7%−291,728−2.4%ReducedHistory
OMCOmnicom Group Inc.COM3,421,164$283.6M1.6%+19,274+0.6%AddedHistory
RCIRogers Communications IncCL B10,601,331$283.1M1.6%−1,114,534−9.5%ReducedHistory
WABWestinghouse Air Brake Technologies CorpStock1,558,859$282.7M1.6%+476,916+44.1%AddedHistory
SLFSun Life Financial IncCOM4,885,061$279.5M1.6%−400,333−7.6%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH5,211,934$272.7M1.6%−648,685−11.1%ReducedHistory
IPGInterpublic Group of Companies, Inc.COM8,848,445$240.3M1.4%+32,080+0.4%AddedHistory
AMPAmeriprise Financial IncCOM483,097$233.9M1.3%+1,806+0.4%AddedHistory
BLKBlackRock, Inc.Stock246,539$233.3M1.3%−8,671−3.4%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS1,824,683$220.8M1.3%+10,573+0.6%AddedHistory
SEICSEI Investments CoCOM2,675,610$207.7M1.2%+11,741+0.4%AddedHistory
MASMasco CorpCOM2,799,553$194.7M1.1%+13,687+0.5%AddedHistory
HOGHarley-Davidson, Inc.COM7,575,902$191.3M1.1%+14,640+0.2%AddedHistory
CMICummins IncStock606,601$190.1M1.1%+1,938+0.3%AddedHistory
MGAMagna International IncCOM5,537,390$188.2M1.1%−2,243,289−28.8%ReducedHistory
FNVFranco Nevada CorpStock1,132,112$178.0M1.0%−569,138−33.5%ReducedHistory
ATSATS CorpCOM7,052,324$175.8M1.0%+536,642+8.2%AddedHistory
OTEXOpen Text CorpCOM6,715,724$169.5M1.0%−826,848−11.0%ReducedHistory
CORCencora, Inc.Stock510,776$142.0M0.8%+4,471+0.9%AddedHistory
GNTXGentex CorpCOM6,066,958$141.4M0.8%+22,830+0.4%AddedHistory
FLSFlowserve CorpCOM2,582,269$126.1M0.7%+7,437+0.3%AddedHistory
SGISomnigroup International Inc.COM2,080,647$124.6M0.7%+9,681+0.5%AddedHistory
CGCarlyle Group Inc.COM2,853,199$124.4M0.7%+12,127+0.4%AddedHistory
PIIPolaris Inc.Stock2,790,910$114.3M0.7%+15,579+0.6%AddedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS2,355,906$114.0M0.7%−297,098−11.2%ReducedHistory
BNSBank of Nova ScotiaCOM2,312,498$109.6M0.6%−4,180,414−64.4%ReducedHistory
DOOBRP Inc.COM SUN VTG2,883,136$97.3M0.6%−370,506−11.4%ReducedHistory
AGIAlamos Gold IncStock3,303,328$88.2M0.5%−365,290−10.0%ReducedHistory
TFPMTriple Flag Precious Metals Corp.Stock1,932,070$37.0M0.2%−202,030−9.5%ReducedHistory
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF288,552$23.2M0.1%+17,790+6.6%Added–
Brookfield Business PartnersG16234109UNIT LTD L P683,180$16.0M0.1%−51,610−7.0%Reduced–
MSFTMicrosoft CorpStock38,342$14.4M0.1%+37,842+7,568.4%AddedHistory
AAPLApple Inc.Stock59,198$13.1M0.1%+59,198NewHistory
ENBEnbridge IncStock263,964$11.7M0.1%+263,964NewHistory
TRIThomson Reuters CorpCOM NO PAR67,001$11.6M0.1%+67,001NewHistory
BBUCBrookfield Business CorpCL A EXC SUB VTG411,955$11.0M0.1%−63,365−13.3%ReducedHistory
PBAPembina Pipeline CorpCOM255,681$10.2M0.1%+255,681NewHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT399,027$8.83M0.1%+397,902+35,369.1%AddedHistory
JPMJPMorgan Chase & CoStock35,488$8.71M0.1%+35,488NewHistory
DNNDenison Mines Corp.COM6,056,600$7.91M<0.1%−700,670−10.4%ReducedHistory
BCEBce IncCOM NEW331,207$7.60M<0.1%+330,798+80,879.7%AddedHistory
JNJJohnson & JohnsonStock45,276$7.51M<0.1%+45,276NewHistory
CSCOCisco Systems, Inc.Stock119,720$7.39M<0.1%+119,720NewHistory
JCIJohnson Controls International plcStock82,305$6.59M<0.1%+82,305NewHistory
CNQCanadian Natural Resources LtdCOM202,820$6.25M<0.1%+202,820NewHistory
AEMAgnico Eagle Mines LtdStock53,381$5.79M<0.1%+53,381NewHistory
ACNAccenture plcStock18,495$5.77M<0.1%+18,495NewHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR34,351$5.70M<0.1%+34,351NewHistory
Telus Intl Cda Inc87975H100SUB VTG SHS2,101,560$5.64M<0.1%−161,700−7.1%Reduced–
NVONovo Nordisk A SADR79,163$5.50M<0.1%+79,163NewHistory
HONHoneywell International IncCOM25,135$5.32M<0.1%+25,135NewHistory
ABTAbbott LaboratoriesStock34,798$4.62M<0.1%+33,298+2,219.9%AddedHistory
DEODiageo PLCSPON ADR NEW41,875$4.39M<0.1%+41,875NewHistory
CMCanadian Imperial Bank of CommerceCOM77,845$4.38M<0.1%+76,305+4,954.9%AddedHistory
VZVerizon Communications IncStock96,005$4.35M<0.1%+96,005NewHistory
TUTelus CorpCOM299,518$4.29M<0.1%+299,518NewHistory
PEPPepsiCo IncStock27,725$4.16M<0.1%+26,825+2,980.6%AddedHistory
MMM3M CoStock26,130$3.84M<0.1%+26,130NewHistory
COSTCostco Wholesale CorpStock3,892$3.68M<0.1%+3,892NewHistory
iShares MSCI Eafe ETF464287465ETF41,086$3.36M<0.1%00.0%Unchanged–
AQNAlgonquin Power & Utilities Corp.COM556,495$2.86M<0.1%+556,495NewHistory
GOOGAlphabet Inc.Stock18,202$2.84M<0.1%+17,437+2,279.3%AddedHistory
IMOImperial Oil LtdCOM NEW39,110$2.82M<0.1%+39,110NewHistory
ETNEaton Corp plcStock10,257$2.79M<0.1%+10,257NewHistory
PGProcter & Gamble CoStock14,615$2.49M<0.1%+14,115+2,823.0%AddedHistory
CVECenovus Energy Inc.COM156,127$2.17M<0.1%+156,127NewHistory
DISWalt Disney CoStock21,115$2.08M<0.1%+21,115NewHistory
WMTWalmart Inc.Stock23,361$2.05M<0.1%+23,361NewHistory
GOOGLAlphabet Inc.Stock12,500$1.93M<0.1%+12,500NewHistory
MDLZMondelez International, Inc.Stock26,725$1.81M<0.1%+26,725NewHistory
NVSNovartis AGADR13,720$1.53M<0.1%+11,045+412.9%AddedHistory
TMOThermo Fisher Scientific Inc.Stock2,943$1.46M<0.1%+2,943NewHistory

Sold out since Q4 2024 (2)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Beutel, Goodman & Co Ltd. sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
PHParker-Hannifin CorpStock355$225.0K<0.1%History
BDXBecton Dickinson & CoStock75$17.0K<0.1%History