PICTON MAHONEY ASSET MANAGEMENT — 13F Holdings & Portfolio
CIK 1539041 · latest 13F-HR filed 2026-05-13
PICTON MAHONEY ASSET MANAGEMENT manages $13.55B in 13F-reported U.S. long-equity assets across 1,238 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are HYG (10.46%), LQD (4.02%), RY (3.17%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 266 new positions, exited 241, added to 428, and trimmed 302.
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.
$13.55B
Long-equity book
1,238
Distinct positions
2026-03-31
Filed 2026-05-13
+266 / −241 / ↑428 / ↓302
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SUNCOR ENERGY INC NEW$147.8M +348.2%
- CANADIAN NAT RES LTD MED TER$104.3M +65.9%
- INVESCO EXCHANGE TRADED FD T$70.6M +2685.0%
- AGNICO EAGLE MINES LTD$66.4M +51.0%
- INVESCO EXCH TRADED FD TR II$58.1M +503.0%
Top Trims
- CANADIAN IMPERIAL BANK OF CO-$72.9M -80.8%
- SHOPIFY INC-$58.2M -18.7%
- BCE INC-$46.1M -98.3%
- WASTE CONNECTIONS INC-$41.3M -36.6%
- BANK AMERICA CORP-$40.3M -99.0%
New Positions
- SUN LIFE FINANCIAL INC$86.2M
- PENUMBRA INC$26.3M
- ANGLOGOLD ASHANTI PLC$25.4M
- COEUR MNG INC$20.2M
- CENTERRA GOLD INC$19.5M
Exited Positions
- VANGUARD INDEX FDS$97.1M
- CYBERARK SOFTWARE LTD$70.5M
- COLLIERS INTL GROUP INC$55.3M
- EXACT SCIENCES CORP$40.6M
- DAYFORCE INC$38.0M
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 | ISHARES TR Put | HYG | 464288513 | $1.42B | 10.46% | 17,805,000 | SH |
| 2 | ISHARES TR Put | LQD | 464287242 | $545.0M | 4.02% | 5,000,000 | SH |
| 3 | ROYAL BK CDA | RY | 780087102 | $429.2M | 3.17% | 2,654,433 | SH |
| 4 | ISHARES TR Call | HYG | 464288513 | $397.8M | 2.94% | 5,000,000 | SH |
| 5 | TORONTO DOMINION BK ONT | TD | 891160509 | $350.0M | 2.58% | 3,746,718 | SH |
| 6 | ISHARES TR Call | LQD | 464287242 | $272.5M | 2.01% | 2,500,000 | SH |
| 7 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $262.5M | 1.94% | 5,381,403 | SH |
| 8 | SHOPIFY INC | SHOP | 82509L107 | $253.5M | 1.87% | 2,135,617 | SH |
| 9 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $196.7M | 1.45% | 968,916 | SH |
| 10 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $195.2M | 1.44% | 2,479,436 | SH |
| 11 | SUNCOR ENERGY INC NEW | SU | 867224107 | $190.2M | 1.40% | 2,874,698 | SH |
| 12 | FRANCO NEV CORP | FNV | 351858105 | $188.1M | 1.39% | 759,289 | SH |
| 13 | ISHARES TR Call | TLT | 464287432 | $173.4M | 1.28% | 2,000,000 | SH |
| 14 | NVIDIA CORPORATION | NVDA | 67066G104 | $155.2M | 1.15% | 889,790 | SH |
| 15 | ENBRIDGE INC | ENB | 29250N105 | $150.7M | 1.11% | 2,780,513 | SH |
| 16 | BROOKFIELD CORP | BN | 11271J107 | $148.2M | 1.09% | 3,655,199 | SH |
| 17 | ISHARES TR Call | EEM | 464287234 | $136.3M | 1.01% | 2,400,000 | SH |
| 18 | TC ENERGY CORP | TRP | 87807B107 | $129.1M | 0.95% | 2,064,368 | SH |
| 19 | CENOVUS ENERGY INC | CVE | 15135U109 | $128.8M | 0.95% | 4,867,402 | SH |
| 20 | OR ROYALTIES INC | OR | 68390D106 | $127.2M | 0.94% | 3,340,194 | SH |
| 21 | ISHARES TR Put | MTUM | 46432F396 | $124.8M | 0.92% | 520,000 | SH |
| 22 | ALPHABET INC | GOOGL | 02079K305 | $119.0M | 0.88% | 413,828 | SH |
| 23 | ROGERS COMMUNICATIONS INC | RCI | 775109200 | $115.1M | 0.85% | 2,992,163 | SH |
| 24 | BARRICK MNG CORP | B | 06849F108 | $114.1M | 0.84% | 2,790,362 | SH |
| 25 | WHEATON PRECIOUS METALS CORP | WPM | 962879102 | $105.8M | 0.78% | 805,623 | SH |
| 26 | APPLE INC | AAPL | 037833100 | $102.9M | 0.76% | 405,360 | SH |
| 27 | VANECK ETF TRUST Call | GDX | 92189F106 | $102.8M | 0.76% | 1,120,000 | SH |
| 28 | TECK RESOURCES LTD Call | TECK | 878742204 | $98.3M | 0.73% | 1,900,000 | SH |
| 29 | CELESTICA INC | CLS | 15101Q207 | $93.3M | 0.69% | 330,699 | SH |
| 30 | IAMGOLD CORP | IAG | 450913108 | $89.5M | 0.66% | 4,758,754 | SH |
| 31 | SUN LIFE FINANCIAL INC | SLF | 866796105 | $86.2M | 0.64% | 1,374,917 | SH |
| 32 | HUDBAY MINERALS INC | HBM | 443628102 | $78.7M | 0.58% | 3,758,830 | SH |
| 33 | AMAZON COM INC | AMZN | 023135106 | $75.4M | 0.56% | 362,073 | SH |
| 34 | MICROSOFT CORP | MSFT | 594918104 | $73.8M | 0.54% | 199,360 | SH |
| 35 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $73.2M | 0.54% | 381,604 | SH |
| 36 | WASTE CONNECTIONS INC | WCN | 94106B101 | $71.4M | 0.53% | 439,114 | SH |
| 37 | BOYD GROUP SERVICES INC | BGSI | 103310108 | $70.3M | 0.52% | 550,447 | SH |
| 38 | TECK RESOURCES LTD | TECK | 878742204 | $69.9M | 0.52% | 1,349,983 | SH |
| 39 | INVESCO EXCH TRADED FD TR II | SPLV | 46138E354 | $69.6M | 0.51% | 951,612 | SH |
| 40 | CAMECO CORP | CCJ | 13321L108 | $64.9M | 0.48% | 597,374 | SH |
| 41 | BROOKFIELD RENEWABLE ENERGY | BEP | G16258108 | $61.3M | 0.45% | 1,878,324 | SH |
| 42 | BROADCOM INC | AVGO | 11135F101 | $59.5M | 0.44% | 192,152 | SH |
| 43 | GILDAN ACTIVEWEAR INC | GIL | 375916103 | $55.2M | 0.41% | 991,564 | SH |
| 44 | MAGNA INTL INC | MGA | 559222401 | $53.5M | 0.40% | 958,016 | SH |
| 45 | SPDR SERIES TRUST Call | KRE | 78464A698 | $52.1M | 0.38% | 800,000 | SH |
| 46 | INTUIT Call | INTU | 461202103 | $51.9M | 0.38% | 120,000 | SH |
| 47 | MICRON TECHNOLOGY INC Call | MU | 595112103 | $50.7M | 0.37% | 150,000 | SH |
| 48 | LUMENTUM HLDGS INC | LITE | 55024UAH2 | $50.4M | 0.37% | 5,000,000 | SH |
| 49 | HOLOGIC INC | HOLX | 436440101 | $49.2M | 0.36% | 650,514 | SH |
| 50 | AIR LEASE CORP | AL | 00912X302 | $45.4M | 0.33% | 698,572 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $13.55B | 1,238 | 0001539041-26-000013 |
| 2025-12-31 | 2026-02-11 | $12.91B | 1,198 | 0001539041-26-000005 |
| 2025-09-30 | 2025-11-12 | $11.1M | 1,069 | 0001539041-25-000062 |