1y return+19.0%S&P 500 +20.9%
3y return+61.3%S&P 500 +68.5%
5y return+44.7%S&P 500 +74.5%
10y return+214.1%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: $314 against $357 in the S&P 500.2
Canada Pension Plan Investment BoardS&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 |
|---|---|---|---|
| NVDANvidia Corporation | $10.3B | 5.7% | +5.4% |
| AAPLApple Inc | $7.7B | 4.2% | +2.9% |
| MSFTMicrosoft Corp | $5.7B | 3.1% | +1.0% |
| AVGOBroadcom Inc | $4.9B | 2.7% | +26.6% |
| GOOGLAlphabet Inc | $4.6B | 2.6% | +6.3% |
| AMZNAmazon Com Inc | $4.1B | 2.3% | −6.1% |
| MUMicron Technology Inc | $3.8B | 2.1% | +24.8% |
| GOOGAlphabet Inc | $3.2B | 1.8% | +8.5% |
| TSLATesla Inc | $3.1B | 1.7% | +23.4% |
| Bunge Global SaCUSIP H11356104 | $2.8B | 1.5% | |
| METAMeta Platforms Inc | $2.7B | 1.5% | +14.2% |
| JPMJpmorgan Chase & Co | $2.6B | 1.5% | +22.9% |
| AMDAdvanced Micro Devices Inc | $2.6B | 1.4% | +28.1% |
| RYRoyal Bk Cda | $2.3B | 1.3% | +10.4% |
| LLYEli Lilly & Co | $2.1B | 1.1% | +18.5% |
| INTCIntel Corp | $1.8B | 1.0% | +15.6% |
| BRK/BBerkshire Hathaway Inc Del | $1.8B | 1.0% | +16.9% |
| AMATApplied Matls Inc | $1.6B | 0.9% | +6.1% |
| LRCXLam Research Corp | $1.5B | 0.9% | +25.0% |
| TDToronto Dominion Bk Ont | $1.5B | 0.9% | +1.7% |
| CNQCanadian Nat Res Ltd Med Ter | $1.5B | 0.8% | −4.1% |
| MAMastercard Incorporated | $1.4B | 0.8% | −29.2% |
| JNJJohnson & Johnson | $1.3B | 0.7% | +16.3% |
| BMOBank Montreal Medium | $1.3B | 0.7% | +16.3% |
| CEGConstellation Energy Corp | $1.2B | 0.7% | −34.7% |
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% | $10.3B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $4.9B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $1.6B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $2.6B |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $965.9M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $2.1B |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $1.5B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $4.6B |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $3.2B |
| CNQCanadian Nat Res Ltd Med Ter | June 30, 2020 | +354.1% | $1.5B |
Sold off last quarter
- SPYState Str Spdr S&p 500 Etf T was $570.3M
- Honeywell Intl IncCUSIP 438516106 was $249.3M
- Thomson Reuters CorpCUSIP 884903808 was $159.6M
- KIMKimco Realty Corp was $115.8M
- CRCLCircle Internet Group Inc was $62.1M
- Credicorp LtdCUSIP G2519Y108 was $62.0M
- Te Connectivity PLCCUSIP G87052109 was $61.8M
- OKTAOkta Inc was $44.2M
- Masimo CorpCUSIP 574795100 was $37.3M
- Chart Inds IncCUSIP 16115Q308 was $32.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.3% | +14.8% |
| March 31, 2026 | −2.8% | −4.6% |
| December 31, 2025 | +3.9% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +10.1% | +10.5% |
| March 31, 2025 | −3.1% | −4.6% |
| December 31, 2024 | +1.0% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | +9.0% | +10.0% |
| December 31, 2023 | +11.4% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +5.1% | +7.0% |
| December 31, 2022 | +6.2% | +7.1% |
| September 30, 2022 | −7.6% | −5.3% |
| June 30, 2022 | −16.5% | −16.5% |
| March 31, 2022 | −6.1% | −4.9% |
| December 31, 2021 | +6.8% | +10.7% |
| September 30, 2021 | −1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Canada Pension Plan Investment Board Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1283718&type=13F-HR&dateb=&owner=include&count=40CIK 1283718
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1283718/000110465926097308/Filed August 14, 2026 · accession 0001104659-26-097308