1y return+31.4%S&P 500 +20.9%
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 September 30, 2023: $185 against $175 in the S&P 500.2
Triasima Portfolio Management inc.S&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 |
|---|---|---|---|
| RYRoyal Bk Cda | $52.8M | 7.1% | |
| TDToronto Dominion Bk Ont | $37.2M | 5.0% | +10.9% |
| CMCanadian Imperial Bank Of Co | $28.0M | 3.8% | +5.4% |
| BMOBank Montreal Medium | $27.2M | 3.7% | +9.4% |
| Millicom Intl Cellular S ACUSIP L6388F110 | $18.6M | 2.5% | |
| GOOGLAlphabet Inc | $17.1M | 2.3% | |
| TSMTaiwan Semiconductor Manufac | $16.0M | 2.2% | +3.0% |
| FTSFortis Inc | $15.1M | 2.0% | +2.7% |
| HBMHudbay Minerals Inc | $13.3M | 1.8% | −1.7% |
| CNICanadian Natl Ry Co | $12.8M | 1.7% | +79.2% |
| LLYEli Lilly & Co | $12.0M | 1.6% | +58.2% |
| CLSCelestica Inc | $11.7M | 1.6% | −13.7% |
| TJXTjx Cos Inc New | $11.3M | 1.5% | +3.8% |
| BNSBank Nova Scotia B C | $11.2M | 1.5% | |
| WELLWelltower Inc | $11.0M | 1.5% | +7.0% |
| LRCXLam Research Corp | $11.0M | 1.5% | −12.4% |
| AAPLApple Inc | $10.7M | 1.4% | +50.5% |
| MSFTMicrosoft Corp | $10.6M | 1.4% | −1.3% |
| TFIITfi International Inc | $10.5M | 1.4% | +5.8% |
| NVDANvidia Corporation | $10.3M | 1.4% | |
| Royalty Pharma PLCCUSIP G7709Q104 | $10.1M | 1.4% | New |
| CIBGrupo Cibest Sa | $9.8M | 1.3% | −14.2% |
| ENBEnbridge Inc | $9.6M | 1.3% | +21.8% |
| SPGSimon Ppty Group Inc New | $9.5M | 1.3% | +35.6% |
| KLACKla Corp | $9.4M | 1.3% | +900.0% |
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 | December 31, 2020 | +1432.6% | $10.3M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $7.4M |
| CLSCelestica Inc | June 30, 2024 | +536.3% | $11.7M |
| KGCKinross Gold Corp | September 30, 2023 | +418.0% | $8.4M |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $8.5M |
| GOOGLAlphabet Inc | September 30, 2023 | +173.1% | $17.1M |
| LRCXLam Research Corp | December 31, 2025 | +153.1% | $11.0M |
| RYRoyal Bk Cda | December 31, 2020 | +152.2% | $52.8M |
| Millicom Intl Cellular S ACUSIP L6388F110 | June 30, 2025 | +142.2% | $18.6M |
| TSMTaiwan Semiconductor Manufac | December 31, 2024 | +141.8% | $16.0M |
Sold off last quarter
- GRTUFGranite Real Estate Invt Tr was $6.9M
- SPGIS&p Global Inc was $4.7M
- AQNAlgonquin Power & Utilities was $3.8M
- ALBAlbemarle Corp was $3.6M
- Medtronic PLCCUSIP G5960L103 was $2.9M
- PHParker-hannifin Corp was $2.8M
- Noble Corp PLCCUSIP G65431127 was $2.7M
- CAECae Inc was $2.6M
- Nu Hldgs LtdCUSIP G6683N103 was $2.3M
- PACGrupo Aeroportunario Del Pac was $2.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.8% | +14.8% |
| March 31, 2026 | +1.7% | −4.6% |
| December 31, 2025 | +4.6% | +2.4% |
| September 30, 2025 | +10.6% | +7.8% |
| June 30, 2025 | +14.4% | +10.5% |
| March 31, 2025 | −1.4% | −4.6% |
| December 31, 2024 | −1.2% | +2.1% |
| September 30, 2024 | +9.2% | +5.4% |
| June 30, 2024 | −0.7% | +4.0% |
| March 31, 2024 | +5.0% | +10.0% |
| December 31, 2023 | +11.0% | +11.2% |
| June 30, 2023 | +4.6% | +8.3% |
| March 31, 2023 | +2.7% | +7.0% |
| December 31, 2022 | +6.0% | +7.1% |
| September 30, 2022 | −8.1% | −5.3% |
| June 30, 2022 | −17.8% | −16.5% |
| March 31, 2022 | +0.9% | −4.9% |
| December 31, 2021 | +7.2% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Triasima Portfolio Management inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1938757&type=13F-HR&dateb=&owner=include&count=40CIK 1938757
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1938757/000193875726000008/Filed July 21, 2026 · accession 0001938757-26-000008