TD ASSET MANAGEMENT INC

TD Asset Management held $123.2B across 1,702 positions, blending U.S. megacap technology with a strong Canadian core — NVIDIA (4.1%) leads, but Royal Bank of Canada (4.0%), Toronto-Dominion (2.8%), Bank of Montreal (2.1%) and Enbridge (1.7%) all rank near the top. Financials ($20.1B) is the largest sector. In Q1 the firm rotated toward Canadian energy and materials, adding Suncor (+$657M), Canadian Natural Resources (+$655M), ExxonMobil (+$374M) and Agnico Eagle (+$334M), while trimming U.S. tech in Microsoft (-$1.3B), Meta (-$470M), Apple (-$462M) and Broadcom (-$407M). New positions included J&J, Lam Research, QQQ and Cameco. Assets were roughly flat at $123.2B.