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Beutel, Goodman & Co Ltd.

SEC CIK
0001361974
Latest filing
Aug 12, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
176
0 vs. Q2 2025
Portfolio value
$16.6B
−$947.0M (−5.4%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Beutel, Goodman & Co Ltd. in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock12,733,758$1.02B6.1%−2,006,533−13.6%ReducedHistory
BMOBank of MontrealCOM5,387,726$702.2M4.2%−380,246−6.6%ReducedHistory
RYRoyal Bank of CanadaStock4,206,909$620.2M3.7%−2,370,163−36.0%ReducedHistory
MDTMedtronic plcStock4,765,105$453.8M2.7%−142,161−2.9%ReducedHistory
QCOMQualcomm IncStock2,657,180$442.0M2.7%−117,632−4.2%ReducedHistory
NTAPNetApp, Inc.Stock3,511,297$415.9M2.5%−33,347−0.9%ReducedHistory
CBChubb LtdStock1,452,138$409.9M2.5%+112,711+8.4%AddedHistory
AMGNAmgen IncStock1,446,930$408.3M2.5%+10,308+0.7%AddedHistory
AXPAmerican Express CoStock1,227,147$407.6M2.5%−200,566−14.0%ReducedHistory
MRKMerck & Co., Inc.Stock4,852,678$407.3M2.5%−251,758−4.9%ReducedHistory
PPGPPG Industries IncStock3,830,908$402.7M2.4%+101,734+2.7%AddedHistory
GENGen Digital Inc.Stock14,148,489$401.7M2.4%−1,120,246−7.3%ReducedHistory
CNICanadian National Railway CoStock3,847,915$362.9M2.2%−287,039−6.9%ReducedHistory
DOXAmdocs LtdSHS4,422,353$362.9M2.2%−228,355−4.9%ReducedHistory
CMCSAComcast CorpStock11,383,765$357.7M2.2%−556,024−4.7%ReducedHistory
TRPTC Energy CorpCOM6,520,773$354.6M2.1%−479,036−6.8%ReducedHistory
KMBKimberly Clark CorpStock2,817,824$350.4M2.1%−120,391−4.1%ReducedHistory
FTSFortis Inc.COM6,821,376$346.1M2.1%−515,376−7.0%ReducedHistory
RCIRogers Communications IncCL B9,783,210$336.9M2.0%−525,285−5.1%ReducedHistory
WABWestinghouse Air Brake Technologies CorpStock1,680,090$336.8M2.0%−99,011−5.6%ReducedHistory
QSRRestaurant Brands International Inc.COM5,234,439$335.9M2.0%−390,235−6.9%ReducedHistory
EBAYeBay IncCOM3,681,235$334.8M2.0%−2,291,865−38.4%ReducedHistory
GIBCgi IncCL A3,746,942$333.8M2.0%+294,122+8.5%AddedHistory
NTRNutrien Ltd.COM5,583,555$328.0M2.0%−417,689−7.0%ReducedHistory
MFCManulife Financial CorpCOM10,260,514$319.7M1.9%−815,778−7.4%ReducedHistory
RBARB Global Inc.COM2,940,185$318.5M1.9%−482,620−14.1%ReducedHistory
CPCanadian Pacific Kansas City LtdCOM3,818,265$284.4M1.7%−309,179−7.5%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS1,732,466$271.0M1.6%−130,815−7.0%ReducedHistory
AMPAmeriprise Financial IncCOM538,521$264.5M1.6%−31,559−5.5%ReducedHistory
BLKBlackRock, Inc.Stock222,122$259.0M1.6%−18,019−7.5%ReducedHistory
GFLGFL Environmental Inc.SUB VTG SHS5,456,285$258.7M1.6%−457,045−7.7%ReducedHistory
OMCOmnicom Group Inc.COM3,161,467$257.8M1.6%−172,531−5.2%ReducedHistory
SLFSun Life Financial IncCOM4,265,170$256.2M1.5%−336,390−7.3%ReducedHistory
SUSuncor Energy IncStock5,788,651$242.3M1.5%−1,916,267−24.9%ReducedHistory
ELVElevance Health, Inc.Stock717,822$231.9M1.4%−35,831−4.8%ReducedHistory
IPGInterpublic Group of Companies, Inc.COM8,104,203$226.2M1.4%−489,409−5.7%ReducedHistory
OTEXOpen Text CorpCOM6,014,504$224.9M1.4%−478,629−7.4%ReducedHistory
AMATApplied Materials IncStock1,088,672$222.9M1.3%+1,088,672NewHistory
FNVFranco Nevada CorpStock999,536$222.5M1.3%−81,564−7.5%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH3,108,035$213.3M1.3%−1,935,096−38.4%ReducedHistory
CAECae IncCOM7,196,402$213.1M1.3%−4,332,136−37.6%ReducedHistory
CPBCAMPBELL'S CoCOM6,741,727$212.9M1.3%−884,358−11.6%ReducedHistory
HOGHarley-Davidson, Inc.COM6,867,982$191.6M1.2%−480,144−6.5%ReducedHistory
MASMasco CorpCOM2,631,474$185.2M1.1%−112,826−4.1%ReducedHistory
SEICSEI Investments CoCOM2,022,950$171.6M1.0%−577,666−22.2%ReducedHistory
ATSATS CorpCOM6,330,688$165.7M1.0%−503,800−7.4%ReducedHistory
CGCarlyle Group Inc.COM2,622,212$164.4M1.0%−149,418−5.4%ReducedHistory
CMICummins IncStock369,814$156.2M0.9%−219,372−37.2%ReducedHistory
FLSFlowserve CorpCOM2,371,875$126.0M0.8%−140,219−5.6%ReducedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS2,101,976$119.6M0.7%−176,046−7.7%ReducedHistory
CORCencora, Inc.Stock317,217$99.1M0.6%−15,735−4.7%ReducedHistory
AGIAlamos Gold IncStock2,254,068$78.6M0.5%−131,270−5.5%ReducedHistory
TFPMTriple Flag Precious Metals Corp.Stock1,327,100$38.9M0.2%−75,780−5.4%ReducedHistory
DCBODocebo Inc.COM1,117,210$30.5M0.2%+868,650+349.5%AddedHistory
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF252,467$26.4M0.2%−18,765−6.9%Reduced–
EPRXEupraxia Pharmaceuticals Inc.COM4,058,899$23.9M0.1%+4,058,899NewHistory
Brookfield Business PartnersG16234109UNIT LTD L P641,090$21.0M0.1%−19,040−2.9%Reduced–
MSFTMicrosoft CorpStock34,547$17.9M0.1%−1,710−4.7%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM200,807$16.0M0.1%+122,962+158.0%AddedHistory
BNSBank of Nova ScotiaCOM244,854$15.8M0.1%+73,217+42.7%AddedHistory
EMAEmera IncCOM292,263$14.0M0.1%−7,025−2.3%ReducedHistory
AAPLApple Inc.Stock50,041$12.7M0.1%−5,210−9.4%ReducedHistory
BBUCBrookfield Business CorpCL A EXC SUB VTG362,050$12.2M0.1%−36,975−9.3%ReducedHistory
DNNDenison Mines Corp.COM4,145,940$11.4M0.1%−1,710,320−29.2%ReducedHistory
JPMJPMorgan Chase & CoStock32,125$10.1M0.1%−525−1.6%ReducedHistory
TRIThomson Reuters CorpCOM NO PAR63,711$9.89M0.1%−2,082−3.2%ReducedHistory
PBAPembina Pipeline CorpCOM241,856$9.78M0.1%−2,575−1.1%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT369,027$9.51M0.1%−3,250−0.9%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR28,841$8.05M<0.1%−1,400−4.6%ReducedHistory
JCIJohnson Controls International plcStock71,650$7.88M<0.1%−1,925−2.6%ReducedHistory
JNJJohnson & JohnsonStock42,031$7.79M<0.1%−750−1.8%ReducedHistory
AEMAgnico Eagle Mines LtdStock46,070$7.76M<0.1%00.0%UnchangedHistory
CSCOCisco Systems, Inc.Stock105,285$7.20M<0.1%−10,525−9.1%ReducedHistory
CNQCanadian Natural Resources LtdCOM192,470$6.16M<0.1%+300+0.2%AddedHistory
HONHoneywell International IncCOM24,320$5.12M<0.1%−500−2.0%ReducedHistory
GOOGAlphabet Inc.Stock17,595$4.29M<0.1%−82−0.5%ReducedHistory
TUTelus CorpCOM252,156$3.97M<0.1%−23,897−8.7%ReducedHistory
ACNAccenture plcStock15,960$3.94M<0.1%−100−0.6%ReducedHistory
iShares MSCI Eafe ETF464287465ETF40,051$3.74M<0.1%−105−0.3%Reduced–
ABTAbbott LaboratoriesStock27,400$3.67M<0.1%−200−0.7%ReducedHistory
NVONovo Nordisk A SADR63,438$3.52M<0.1%−9,080−12.5%ReducedHistory
PEPPepsiCo IncStock24,925$3.50M<0.1%−1,000−3.9%ReducedHistory
ENBEnbridge IncStock67,566$3.41M<0.1%−175,858−72.2%ReducedHistory
ETNEaton Corp plcStock9,003$3.37M<0.1%−150−1.6%ReducedHistory
DEODiageo PLCSPON ADR NEW35,240$3.36M<0.1%−1,550−4.2%ReducedHistory
MMM3M CoStock20,665$3.21M<0.1%−350−1.7%ReducedHistory
IMOImperial Oil LtdCOM NEW34,860$3.16M<0.1%−1,100−3.1%ReducedHistory
VZVerizon Communications IncStock68,505$3.01M<0.1%−15,925−18.9%ReducedHistory
COSTCostco Wholesale CorpStock3,177$2.94M<0.1%−375−10.6%ReducedHistory
GOOGLAlphabet Inc.Stock10,225$2.48M<0.1%−250−2.4%ReducedHistory
AQNAlgonquin Power & Utilities Corp.COM447,345$2.40M<0.1%−49,700−10.0%ReducedHistory
CVECenovus Energy Inc.COM139,391$2.37M<0.1%−3,846−2.7%ReducedHistory
NVSNovartis AGADR18,440$2.36M<0.1%+6,330+52.3%AddedHistory
PGProcter & Gamble CoStock13,795$2.12M<0.1%+200+1.5%AddedHistory
DISWalt Disney CoStock17,175$1.97M<0.1%−265−1.5%ReducedHistory
WMTWalmart Inc.Stock18,573$1.91M<0.1%−925−4.7%ReducedHistory
MDLZMondelez International, Inc.Stock25,225$1.57M<0.1%00.0%UnchangedHistory
PSLVSprott Physical Silver TrustPHYSICAL SILVER92,500$1.45M<0.1%00.0%UnchangedHistory
TMOThermo Fisher Scientific Inc.Stock2,925$1.42M<0.1%−18−0.6%ReducedHistory
WFCWells Fargo & CompanyStock15,540$1.30M<0.1%−225−1.4%ReducedHistory

Sold out since Q2 2025 (7)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Beutel, Goodman & Co Ltd. sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
Telus Intl Cda Inc87975H100SUB VTG SHS2,035,150$7.38M<0.1%–
BRK.ABerkshire Hathaway IncCL A1$728.0K<0.1%History
GLDSPDR Gold TrustETF150$45.0K<0.1%History
KOCoca Cola CoStock600$42.0K<0.1%History
DDDuPont de Nemours, Inc.COM500$34.0K<0.1%History
ETEnergy Transfer LPCOM UT LTD PTN1,500$27.0K<0.1%History
WBAWalgreens Boots Alliance, Inc.COM100$1.00K<0.1%History