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Livermore
Livermore
ZHEN

Intact Investment Management Inc.

SEC CIK
0001443077
Latest filing
Jul 20, 2026

The latest 13F from Intact Investment Management Inc. covers Q2 2026 (filed Jul 20, 2026): 210 long positions worth $3.52B. The top 10 holdings make up 32.2% of the portfolio, and the largest is Manulife Financial Corp (MFC) at 4.2%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
20
Est. +$229.9M
Added
86
Est. +$402.2M
Reduced
92
Est. −$555.4M
Sold out
79
Est. −$188.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. MFCManulife Financial Corp
    4.2%$148.3MHistory
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    4.0%$139.7M
  3. TDToronto Dominion Bank
    3.5%$124.5MHistory
  4. CNICanadian National Railway Co
    3.2%$114.0MHistory
  5. RYRoyal Bank of Canada
    3.2%$114.0MHistory

Share of portfolio

Top 5 holdings and the other 205 positions, by share of portfolio value

  1. MFC4.2%
  2. State Street SPDR Portfolio S&P 500 ETF4.0%
  3. TD3.5%
  4. CNI3.2%
  5. RY3.2%
  6. Other 205 positions81.8%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$139.7MNew
  2. MFCManulife Financial Corp
    +$48.3MAddedHistory
  3. BMOBank of Montreal
    +$41.9MAddedHistory
  4. RCIRogers Communications Inc
    +$38.6MAddedHistory
  5. EFXTEnerflex Ltd.
    +$31.7MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +3.97 pp0.0% → 4.0%
  2. MFCManulife Financial Corp
    +1.79 pp2.4% → 4.2%History
  3. BMOBank of Montreal
    +1.64 pp1.5% → 3.1%History
  4. CMCanadian Imperial Bank of Commerce
    +0.96 pp0.9% → 1.8%History
  5. EFXTEnerflex Ltd.
    +0.93 pp0.1% → 1.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. RYRoyal Bank of Canada
    −$113.5MReducedHistory
  2. BCEBce Inc
    −$31.2MReducedHistory
  3. RBARB Global Inc.
    −$29.1MReducedHistory
  4. TDToronto Dominion Bank
    −$28.2MReducedHistory
  5. CVECenovus Energy Inc.
    −$25.6MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. RYRoyal Bank of Canada
    −1.82 pp5.1% → 3.2%History
  2. BCEBce Inc
    −1.27 pp2.6% → 1.3%History
  3. SUSuncor Energy Inc
    −1.18 pp3.8% → 2.6%History
  4. KGCKinross Gold Corp
    −1.02 pp1.4% → 0.3%History
  5. CVECenovus Energy Inc.
    −0.92 pp2.8% → 1.9%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.52B
+$10.1M (+0.3%) vs. prior quarter
Positions
210
−59 vs. prior quarter
Top 10 concentration
32.2%
Top 10 as share of value
Turnover
18.0%
Q2 2026, one quarter
Average holding period
15.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.94B (Q1 2022)

Q1 2021: $3.31BQ2 2021: $3.53BQ3 2021: $3.59BQ4 2021: $3.93BQ1 2022: $3.94BQ2 2022: $3.20BQ3 2022: $3.04BQ4 2022: $2.31BQ1 2023: $2.43BQ2 2023: $2.46BQ3 2023: $2.31BQ4 2023: $2.47BQ1 2024: $2.54BQ2 2024: $2.67BQ3 2024: $3.01BQ4 2024: $2.86BQ1 2025: $2.92BQ2 2025: $2.95BQ3 2025: $3.31BQ4 2025: $3.48BQ1 2026: $3.51BQ2 2026: $3.52B
Q1 2021Q2 2026
13F filings of Intact Investment Management Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026210$3.52BMFCState Street SPDR Portfolio S&P 500 ETFTDvs. Q1 2026SEC
Q1 2026May 8, 2026269$3.51BRYSUTDvs. Q4 2025SEC
Q4 2025Feb 2, 2026313$3.48BTDRYSLFvs. Q3 2025SEC
Q3 2025Oct 31, 2025254$3.31BTDRYRCIvs. Q2 2025SEC
Q2 2025Aug 14, 2025322$2.95BTDRCIRYvs. Q1 2025SEC
Q1 2025Apr 22, 2025314$2.92BTDCMMFCvs. Q4 2024SEC
Q4 2024Feb 10, 2025309$2.86BTDSLFCMvs. Q3 2024SEC
Q3 2024Oct 29, 2024306$3.01BTDCMMFCvs. Q2 2024SEC
Q2 2024Jul 30, 2024259$2.67BTDCMMFCvs. Q1 2024SEC
Q1 2024May 3, 2024256$2.54BTDCMMFCvs. Q4 2023SEC
Q4 2023Feb 5, 2024251$2.47BCMTDSUvs. Q3 2023SEC
Q3 2023Nov 13, 2023251$2.31BTDCMSUvs. Q2 2023SEC
Q2 2023Aug 15, 2023251$2.46BTDTRPBMOvs. Q1 2023SEC
Q1 2023May 12, 2023253$2.43BTDTRPSUvs. Q4 2022SEC
Q4 2022Feb 14, 2023256$2.31BTDTRPSUvs. Q3 2022SEC
Q3 2022Nov 14, 2022254$3.04BTDTRPSUvs. Q2 2022SEC
Q2 2022Aug 11, 2022248$3.20BSUENBBMOvs. Q1 2022SEC
Q1 2022May 16, 2022253$3.94BBMOENBSUvs. Q4 2021SEC
Q4 2021Feb 11, 2022247$3.93BRYENBCMvs. Q3 2021SEC
Q3 2021Nov 12, 2021238$3.59BENBTDBMOvs. Q2 2021SEC
Q2 2021Aug 12, 2021230$3.53BENBTDRYvs. Q1 2021SEC
Q1 2021May 17, 2021235$3.31BTDENBBMO–SEC