13F Insight
DOSSIER · 13F-HR · Q1 2026

GUARDIAN CAPITAL LP

$3.8B in tracked AUM across 240 positions as of Q1 2026.

GC
CIK 0001224324 · last filed Mar 31, 2026
Total AUM
$3.8B
as of Q1 2026
Holdings
240
—
positions
Whale Score
56
56
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Guardian Capital LP reported a significant contraction in portfolio value for the quarter ending September 30, 2025, with total assets under management (AUM) dropping by 61.3% from $2.83 billion to $1.10 billion. This substantial reduction suggests one of two scenarios: significant client redemptions or a strategic pivot involving large-scale capital distributions. Concurrent with the decline in AUM, the portfolio underwent a massive restructuring, evidenced by the comple...

Key Holdings

The portfolio is currently top-heavy, with the largest ten positions accounting for approximately 54% of the total value.

  • Brookfield Corp (BN) stands as the dominant holding, comprising 10.92% of the portfolio ($119.66M). This indicates a strong conviction in the alternative asset manager's ability to generate returns across real estate, infrastructure, and renewable sectors.
  • Core Canadian & Global Giants: The next tier features CGI Inc (GIB) at 6.99% and Restaurant Brands Intl (QSR) at 6.57%, reflecting a "home court" preference for high-quality Canadian large-caps.
  • US Tech & Quality: Broadcom (AVGO) (5.75%), Telus (TU) (5.24%), and Costco (COST) (4.86%) round out the top positions.
  • Notably, the top positions are characterized by high free cash flow, established market dominance, and, in the case of Brookfield and Telus, significant dividend histories.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
RY
ROYAL BK CDA
$275M1.7M7.3%02
CNQ
CANADIAN NAT RES LTD MED TER
$168M3.5M4.4%03
AEM
AGNICO EAGLE MINES LTD
$166M819K4.4%04
TD
TORONTO DOMINION BK ONT
$121M1.3M3.2%05
SU
SUNCOR ENERGY INC NEW
$118M1.8M3.1%06
BN
BROOKFIELD CORP
$111M2.8M2.9%07
GIB
CGI INC
$104M1.4M2.7%08
OTEX
OPEN TEXT CORP
$102M4.6M2.7%09
CP
CANADIAN PACIFIC KANSAS CITY
$96M1.2M2.5%10
BMO
BANK MONTREAL MEDIUM
$92M681K2.4%

Filing history

2026Q1Mar 31
$3.8B▲ 12.2%
240 positionsView →2025Q4Dec 31
$3.4B▲ 207.8%
241 positionsView →2025Q3Sep 30
$1.1B▼ 61.3%
71 positionsView →2025Q2Jun 30
$2.8B▲ 11.3%
157 positionsLocked2025Q1Mar 31
$2.5B▼ 5.5%
150 positionsLocked2024Q4Dec 31
$2.7B▼ 1.5%
143 positionsLocked2024Q3Sep 30
$2.7B▲ 3.0%
128 positionsLocked2024Q2Jun 30
$2.7B▼ 7.6%
129 positionsLocked2024Q1Mar 31
$2.9B▲ 2.8%
148 positionsLocked2023Q4Dec 31
$2.8B▲ 3.9%
154 positionsLocked2023Q3Sep 30
$2.7B▼ 14.0%
152 positionsLocked2023Q2Jun 30
$3.1B▼ 0.4%
151 positionsLocked
Showing 12 of 58