Beutel, Goodman & Co Ltd. — 13F Holdings & Portfolio
CIK 1361974 · latest 13F-HR filed 2026-05-15
Beutel, Goodman & Co Ltd. manages $14.8M in 13F-reported U.S. long-equity assets across 170 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are TD (4.66%), RY (3.94%), BMO (2.84%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 12 new positions, exited 16, added to 37, and trimmed 81.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$14.8M
Long-equity book
170
Distinct positions
2026-03-31
Filed 2026-05-15
+12 / −16 / ↑37 / ↓81
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Union Pacific Corp.$258.2K +62981.7%
- Wells Fargo$161.6K +11479.7%
- Brookfield Asset Management$128.4K +126.4%
- Suncor Energy$71.4K +36.1%
- WABTEC CORP$40.1K +10.8%
Top Trims
- Bank of Montreal-$230.2K -35.5%
- Gen Digital-$158.7K -44.8%
- Amgen Inc-$158.6K -41.0%
- Kimberly Clark Corp-$149.6K -45.7%
- Omnicom Group-$143.2K -31.5%
New Positions
- Gildan Activewear$189.7K
- Becton Dickinson & Co$151.4K
- Marsh & McLennan$135.3K
- Sysco$128.9K
- MDA Space$48.8K
Exited Positions
- The Campbells Company$174.7K
- Harley Davidson Inc$130.7K
- Brookfield Business Partners$20.7K
- Brookfield Business Partners$11.8K
- Unilever plc$477
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Toronto Dominion Bk | TD | 891160509 | $687.4K | 4.66% | 7,383,692 | SH |
| 2 | Royal Bank Cda | RY | 780087102 | $581.0K | 3.94% | 3,605,831 | SH |
| 3 | Bank of Montreal | BMO | 063671101 | $418.8K | 2.84% | 3,101,868 | SH |
| 4 | WABTEC CORP | WAB | 929740108 | $412.1K | 2.79% | 1,648,944 | SH |
| 5 | PPG Industries | PPG | 693506107 | $396.8K | 2.69% | 3,712,117 | SH |
| 6 | Ebay Inc | EBAY | 278642103 | $389.3K | 2.64% | 4,277,227 | SH |
| 7 | Medtronic PLC | MDT | G5960L103 | $387.3K | 2.63% | 4,469,174 | SH |
| 8 | Chubb Limited | CB | H1467J104 | $377.1K | 2.56% | 1,157,024 | SH |
| 9 | Restaurant Brands International | QSR | 76131D103 | $376.1K | 2.55% | 5,098,410 | SH |
| 10 | NetApp | NTAP | 64110D104 | $373.0K | 2.53% | 3,642,465 | SH |
| 11 | Merck& Co Inc | MRK | 58933Y105 | $364.5K | 2.47% | 3,029,891 | SH |
| 12 | Rogers Communications | RCI | 775109200 | $363.8K | 2.47% | 9,491,032 | SH |
| 13 | Manulife Fincl Corp | MFC | 56501R106 | $347.4K | 2.36% | 10,117,802 | SH |
| 14 | Amdocs Ltd | DOX | G02602103 | $344.8K | 2.34% | 5,284,195 | SH |
| 15 | Canadian Pacific Kansas City | CP | 13646K108 | $322.5K | 2.19% | 4,111,721 | SH |
| 16 | Omnicom Group | OMC | 681919106 | $310.9K | 2.11% | 4,128,466 | SH |
| 17 | Qualcomm | QCOM | 747525103 | $310.1K | 2.10% | 2,408,283 | SH |
| 18 | Ameriprise Financial | AMP | 03076C106 | $293.1K | 1.99% | 659,562 | SH |
| 19 | Nutrien | NTR | 67077M108 | $278.5K | 1.89% | 3,701,225 | SH |
| 20 | GFL Environmental | GFL | 36168Q104 | $276.0K | 1.87% | 6,637,498 | SH |
| 21 | Comcast Corp | CMCSA | 20030N101 | $273.8K | 1.86% | 9,535,358 | SH |
| 22 | CGI Group | GIB | 12532H104 | $271.9K | 1.84% | 3,731,273 | SH |
| 23 | Suncor Energy | SU | 867224107 | $269.4K | 1.83% | 4,086,562 | SH |
| 24 | Elevance Health | ELV | 036752103 | $259.6K | 1.76% | 886,724 | SH |
| 25 | Union Pacific Corp. | UNP | 907818108 | $258.6K | 1.75% | 1,066,009 | SH |
| 26 | Cdn Natl Railway | CNI | 136375102 | $247.8K | 1.68% | 2,415,690 | SH |
| 27 | TC Energy | TRP | 87807B107 | $235.8K | 1.60% | 3,778,289 | SH |
| 28 | Brookfield Asset Management | BAM | 113004105 | $230.0K | 1.56% | 5,189,113 | SH |
| 29 | Amgen Inc | AMGN | 031162100 | $228.5K | 1.55% | 649,319 | SH |
| 30 | Fortis Inc | FTS | 349553107 | $220.9K | 1.50% | 3,972,034 | SH |
| 31 | Boyd Group Services | BGSI | 103310108 | $219.3K | 1.49% | 1,723,423 | SH |
| 32 | Colliers Intl | CIGI | 194693107 | $216.6K | 1.47% | 2,032,428 | SH |
| 33 | American Express Co | AXP | 025816109 | $201.0K | 1.36% | 664,522 | SH |
| 34 | Gen Digital | GEN | 668771108 | $195.6K | 1.33% | 10,387,394 | SH |
| 35 | Canadian Natural Resources Ltd. | CNQ | 136385101 | $195.1K | 1.32% | 4,011,532 | SH |
| 36 | Masco | MAS | 574599106 | $191.2K | 1.30% | 3,166,441 | SH |
| 37 | Gildan Activewear | GIL | 375916103 | $189.7K | 1.29% | 3,418,154 | SH |
| 38 | Sun Life Fncl Inc | SLF | 866796105 | $181.5K | 1.23% | 2,907,092 | SH |
| 39 | Kimberly Clark Corp | KMB | 494368103 | $177.7K | 1.20% | 1,841,866 | SH |
| 40 | Cummins Inc | CMI | 231021106 | $174.1K | 1.18% | 323,652 | SH |
| 41 | RB Global | RBA | 74935Q107 | $164.9K | 1.12% | 1,724,806 | SH |
| 42 | Wells Fargo | WFC | 949746101 | $163.0K | 1.11% | 2,048,015 | SH |
| 43 | CAE Inc | CAE | 124765108 | $161.7K | 1.10% | 6,228,487 | SH |
| 44 | Brookfield Corporation | BN | 11271J107 | $160.7K | 1.09% | 3,977,934 | SH |
| 45 | ATS Corp | ATS | 00217Y104 | $153.3K | 1.04% | 5,454,749 | SH |
| 46 | Applied Materials | AMAT | 038222105 | $152.0K | 1.03% | 444,766 | SH |
| 47 | Becton Dickinson & Co | BDX | 075887109 | $151.4K | 1.03% | 963,199 | SH |
| 48 | Franco Nevada Corp | FNV | 351858105 | $148.4K | 1.01% | 601,308 | SH |
| 49 | Flowserve Corp | FLS | 34354P105 | $147.6K | 1.00% | 2,007,525 | SH |
| 50 | SEI Investments | SEIC | 784117103 | $139.1K | 0.94% | 1,773,154 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $14.8M | 170 | 0001361974-26-000007 |
| 2025-12-31 | 2026-02-13 | $16.3M | 174 | 0001361974-26-000005 |
| 2025-09-30 | 2025-11-14 | $16.6M | 177 | 0001361974-25-000016 |