1y return+14.5%S&P 500 +20.9%
3y return+46.2%S&P 500 +68.5%
5y return+33.1%S&P 500 +74.5%
10y return+127.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $228 against $357 in the S&P 500.2
Caisse de depot et placement du QuebecS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple Inc | $2.7B | 3.8% | −15.8% |
| NVDANvidia Corporation | $2.5B | 3.6% | −20.8% |
| CNICanadian Natl Ry Co | $2.3B | 3.2% | |
| MSFTMicrosoft Corp | $2.3B | 3.2% | +21.5% |
| GOOGLAlphabet Inc | $1.9B | 2.7% | −20.9% |
| METAMeta Platforms Inc | $1.4B | 2.0% | +20.1% |
| AMZNAmazon Com Inc | $1.3B | 1.9% | −2.2% |
| GIBCgi Inc | $1.1B | 1.5% | |
| LLYEli Lilly & Co | $966.5M | 1.4% | +17.4% |
| BMOBank Montreal Medium | $957.5M | 1.4% | |
| TFIITfi International Inc | $911.0M | 1.3% | −11.5% |
| BRK/BBerkshire Hathaway Inc Del | $901.9M | 1.3% | +9.9% |
| AMATApplied Matls Inc | $885.5M | 1.3% | −3.3% |
| RSPInvesco Exchange Traded Fd T | $846.5M | 1.2% | +294.8% |
| CAECae Inc | $773.8M | 1.1% | |
| VTVVanguard Index Fds | $765.2M | 1.1% | +35.8% |
| BCEBce Inc | $734.4M | 1.0% | |
| JPMJpmorgan Chase & Co | $704.3M | 1.0% | −10.0% |
| AVGOBroadcom Inc | $689.8M | 1.0% | −16.8% |
| MAMastercard Incorporated | $651.7M | 0.9% | −12.4% |
| LRCXLam Research Corp | $627.0M | 0.9% | +89.3% |
| MUMicron Technology Inc | $613.7M | 0.9% | −31.6% |
| GILGildan Activewear Inc | $601.9M | 0.9% | +11.9% |
| JNJJohnson & Johnson | $573.8M | 0.8% | −24.3% |
| MRKMerck & Co Inc | $571.6M | 0.8% | +17.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $2.5B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $689.8M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $885.5M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $966.5M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $627.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $1.9B |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $501.0M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $704.3M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $2.7B |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $438.9M |
Sold off last quarter
- Dupont De Nemours IncCUSIP 26614N102 was $180.7M
- Honeywell Intl IncCUSIP 438516106 was $139.9M
- CDNSCadence Design System Inc was $92.9M
- EFVIshares Tr was $71.8M
- Carnival CorpCUSIP 143658300 was $66.5M
- ALSNAllison Transmission Hldgs I was $63.9M
- LNGCheniere Energy Inc was $58.1M
- BF/BBrown Forman Corp was $48.1M
- USMVIshares Tr was $40.9M
- RYNRayonier Inc was $39.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.3% | +14.8% |
| March 31, 2026 | −4.4% | −4.6% |
| December 31, 2025 | +2.5% | +2.4% |
| September 30, 2025 | +6.0% | +7.8% |
| June 30, 2025 | +8.9% | +10.5% |
| March 31, 2025 | −3.9% | −4.6% |
| December 31, 2024 | +0.3% | +2.1% |
| September 30, 2024 | +6.5% | +5.4% |
| June 30, 2024 | +0.7% | +4.0% |
| March 31, 2024 | +8.1% | +10.0% |
| December 31, 2023 | +10.3% | +11.2% |
| September 30, 2023 | −4.8% | −3.6% |
| June 30, 2023 | +6.2% | +8.3% |
| March 31, 2023 | +4.7% | +7.0% |
| December 31, 2022 | +7.1% | +7.1% |
| September 30, 2022 | −8.2% | −5.3% |
| June 30, 2022 | −14.9% | −16.5% |
| March 31, 2022 | −5.5% | −4.9% |
| December 31, 2021 | +4.7% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Caisse de depot et placement du Quebec Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=898286&type=13F-HR&dateb=&owner=include&count=40CIK 898286
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/898286/000114036126033187/Filed August 14, 2026 · accession 0001140361-26-033187