Connor, Clark & Lunn Investment Management Ltd.

Key Holdings

The portfolio is anchored by a strong preference for Canadian blue-chip equities, with the top five positions all being major Canadian corporations. Royal Bank of Canada (RY) is the dominant holding, accounting for 5.18% of the total portfolio ($1.64B), followed closely by Agnico Eagle Mines (AEM) at 3.39% ($1.08B). Shopify (SHOP) retains a significant weighting at 3.08% ($978.68M), indicating a sustained conviction in the technology sector despite volatility.

The "Big Five" Canadian banks are well-represented, with Royal Bank, CIBC (CM), TD Bank (TD), Bank of Nova Scotia (BNS), and BMO all appearing in the top holdings. Beyond financials, the portfolio shows substantial exposure to materials (Agnico, Cameco) and technology (NVIDIA, Microsoft). Notably, NVIDIA (NVDA) holds the 6th spot at $766.98M, representing 2.42% of the portfolio, signaling significant participation in the semiconductor AI trade. The top 10 holdings collectively command a substantial portion of the portfolio's risk profile, with the top position alone exceeding the 5% threshold.