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Beutel, Goodman & Co Ltd.

Form 13F · CIK 1361974. Holdings on 30 Jun 2026, as filed with the SEC on 12 Aug 2026, each set beside the March 2026 quarter. The 13F on the SEC's site.

Beutel, Goodman & Co Ltd. reported 163 positions worth $13.6B for the June 2026 quarter, on a Form 13F filed 12 Aug 2026; the largest holding was Toronto-Dominion Bank, at 5.7% of the fund.

What it bought and sold

The largest moves since the March 2026 quarter, by the dollars that moved: 3 opened, 14 added, 98 trimmed, 10 sold out.

New position: 3

CompanyValueChange in shares
Royal Caribbean Cruises Ltd. (RCL)$269.9M+850,102
Autozone Inc. (AZO)$150.3M+47,043
Honeywell Aerospace Inc. (HONA)$2.3M+10,573

Added: 14

CompanyValueChange in shares
Marsh & McLennan Companies, Inc. (MRSH)$262.3M+794,120
Masco Corp. (MAS)$302.0M+545,443
Becton Dickinson & Co. (BDX)$254.9M+721,441
Brookfield Corporation (BN)$263.9M+2,208,773
Flowserve Corp. (FLS)$245.6M+1,304,241
Cencora, Inc. (COR)$144.2M+319,266
Canadian Natural Resources Limited (CNQ)$272.7M+2,883,173
Franco Nev Corp. (FNV)$169.6M+211,722
Suncor Energy Inc. (SU)$266.1M+861,282
Unilever plc (UL)$695.0K+2,190

Trimmed: 98

CompanyValueChange in shares
Westinghouse Air Brake Technologies Corp. (WAB)$228.2M-802,533
Comcast Corp. (CMCSA)$103.0M-5,341,262
Royal Bank of Canada (RY)$451.3M-1,425,585
Qualcomm Inc. (QCOM)$191.5M-1,372,009
Amdocs Ltd (DOX)$233.2M-670,036
Manulife Financial Corporation (MFC)$239.5M-4,209,868
Merck & Co., Inc. (MRK)$266.4M-956,685
Rogers Communications Inc. (RCI)$266.8M-1,288,298
Toronto-Dominion Bank (TD)$780.4M-962,983
Omnicom Group Inc. (OMC)$225.1M-1,037,243

Sold out: 10

CompanyValue a quarter beforeChange in shares
Open Text Corp. (OTEX)$113.7M-5,118,468
Brookfield Renewable Corp. Class A Ex Sub VTG (BEPC)$559.0K-14,073
Solstice Advanced Materials Inc. (SOLS)$365.0K-4,795
Brookfield Infrastructure Co. (BIPC)$38.0K-987
Versant Media Group, Inc. (VSNT)$30.0K-837
Mastercard Inc. (MA)$12.0K-25
Waste Connections, Inc. (WCN)$12.0K-76
UnitedHealth Group Inc. (UNH)$4.0K-18
Solventum Corp. (SOLV)$0-12
Nike, Inc. (NKE)$0-1

Largest holdings

The 100 largest of 163, by value.

CompanyValueOf the fundSharesChange in sharesMove
Toronto-Dominion Bank (TD)$780.4M5.74%6,420,709-962,983Trimmed
Bank of Montreal (BMO)$476.3M3.50%2,695,594-406,274Trimmed
Royal Bank of Canada (RY)$451.3M3.32%2,180,246-1,425,585Trimmed
PPG Industries Inc. (PPG)$391.4M2.88%3,227,294-484,823Trimmed
Ebay Inc. (EBAY)$376.2M2.77%3,366,801-910,426Trimmed
Chubb Ltd. (CB)$326.1M2.40%957,066-199,958Trimmed
Restaurant Brands International Inc. (QSR)$320.8M2.36%4,424,521-673,889Trimmed
Canadian Pacific Kansas City Ltd. (CP)$308.2M2.27%3,556,364-555,357Trimmed
Medtronic plc (MDT)$306.8M2.26%3,922,276-546,898Trimmed
Masco Corp. (MAS)$302.0M2.22%3,711,884+545,443Added
NetApp, Inc. (NTAP)$298.0M2.19%1,925,379-1,717,086Trimmed
Union Pacific Corp. (UNP)$286.3M2.11%1,052,679-13,330Trimmed
Canadian Natural Resources Limited (CNQ)$272.7M2.01%6,894,705+2,883,173Added
Royal Caribbean Cruises Ltd. (RCL)$269.9M1.99%850,102+850,102New position
Rogers Communications Inc. (RCI)$266.8M1.96%8,202,734-1,288,298Trimmed
Merck & Co., Inc. (MRK)$266.4M1.96%2,073,206-956,685Trimmed
Suncor Energy Inc. (SU)$266.1M1.96%4,947,844+861,282Added
Brookfield Corporation (BN)$263.9M1.94%6,186,707+2,208,773Added
Marsh & McLennan Companies, Inc. (MRSH)$262.3M1.93%1,573,890+794,120Added
Ameriprise Financial Inc. (AMP)$255.1M1.88%555,992-103,570Trimmed
Becton Dickinson & Co. (BDX)$254.9M1.88%1,684,640+721,441Added
Canadian Natl Ry Co. (CNI)$251.1M1.85%2,105,136-310,554Trimmed
Flowserve Corp. (FLS)$245.6M1.81%3,311,766+1,304,241Added
Manulife Financial Corporation (MFC)$239.5M1.76%5,907,934-4,209,868Trimmed
Amdocs Ltd (DOX)$233.2M1.72%4,614,159-670,036Trimmed
Westinghouse Air Brake Technologies Corp. (WAB)$228.2M1.68%846,411-802,533Trimmed
Omnicom Group Inc. (OMC)$225.1M1.66%3,091,223-1,037,243Trimmed
Elevance Health, Inc. (ELV)$223.7M1.65%578,463-308,261Trimmed
GFL Environmental Inc. (GFL)$210.3M1.55%5,720,668-916,830Trimmed
Cgi Inc. (GIB)$208.5M1.53%3,226,849-504,424Trimmed
Brookfield Asset Management Ltd. (BAM)$205.4M1.51%4,579,477-609,636Trimmed
Nutrien Ltd. (NTR)$202.0M1.49%3,207,250-493,975Trimmed
Fortis Inc. (FTS)$198.8M1.46%3,470,773-501,261Trimmed
American Express Co. (AXP)$193.9M1.43%573,168-91,354Trimmed
Qualcomm Inc. (QCOM)$191.5M1.41%1,036,274-1,372,009Trimmed
Amgen Inc. (AMGN)$188.5M1.39%520,577-128,742Trimmed
RB Global Inc. (RBA)$173.6M1.28%1,491,437-233,369Trimmed
Franco Nev Corp. (FNV)$169.6M1.25%813,030+211,722Added
Applied Materials Inc. (AMAT)$167.1M1.23%231,052-213,714Trimmed
Colliers Intl Group Inc. (CIGI)$166.8M1.23%1,777,779-254,649Trimmed
Wells Fargo & Company (WFC)$160.5M1.18%1,941,758-106,257Trimmed
Gildan Activewear Inc. (GIL)$151.8M1.12%2,945,188-472,966Trimmed
TC Energy Corporation (TRP)$151.5M1.11%2,288,376-1,489,913Trimmed
Autozone Inc. (AZO)$150.3M1.11%47,043+47,043New position
Cencora, Inc. (COR)$144.2M1.06%509,678+319,266Added
Kimberly Clark Corp. (KMB)$143.1M1.05%1,303,647-538,219Trimmed
Gen Digital Inc. (GEN)$143.0M1.05%5,745,414-4,641,980Trimmed
Boyd Group Services Inc. (BGSI)$141.2M1.04%1,491,881-231,542Trimmed
Ats Corporation (ATS)$138.2M1.02%4,796,922-657,827Trimmed
Sun Life Financial Inc. (SLF)$136.8M1.01%1,743,457-1,163,635Trimmed
Cae Inc. (CAE)$135.6M1.00%5,417,594-810,893Trimmed
SEI Investments Co. (SEIC)$131.1M0.96%1,494,684-278,470Trimmed
BlackRock, Inc. (BLK)$121.3M0.89%126,149-17,336Trimmed
Cummins Inc. (CMI)$115.6M0.85%162,137-161,515Trimmed
Comcast Corp. (CMCSA)$103.0M0.76%4,194,096-5,341,262Trimmed
Sysco Corp. (SYY)$79.1M0.58%946,382-860,855Trimmed
Carlyle Group Inc. (CG)$53.5M0.39%1,270,059-248,933Trimmed
Alamos Gold Inc. New (AGI)$45.8M0.34%1,510,235-15,116Trimmed
MDA Space Ltd (MDA)$36.4M0.27%880,713-1,049,978Trimmed
Triple Flag Precious Metal (TFPM)$35.4M0.26%1,181,147-12,529Trimmed
Docebo Inc. (DCBO)$27.6M0.20%1,545,997-15,784Trimmed
SPDR S&P 500 Growth ETF (SPYG)$27.0M0.20%227,125-34,533Trimmed
Brookfield Business Corp. Class A Sub VTG SH (BBUC)$26.8M0.20%898,787-9,738Trimmed
Eupraxia Pharmaceuticals Inc. (EPRX)$23.8M0.17%3,627,864-38,601Trimmed
Canadian Imperial Bank of Commerce (CM)$22.3M0.16%194,002-3,190Trimmed
Emera Inc. F (EMA)$14.2M0.10%267,668-8,295Trimmed
Magnum Ice Cream Co. NV (MICC)$13.8M0.10%794,297-185,518Trimmed
Bank of Nova Scotia (BNS)$13.4M0.10%154,626-3,750Trimmed
Apple Inc. (AAPL)$11.7M0.09%40,549-1,053Trimmed
Brookfield Renewable Partner (BEP)$11.7M0.09%336,133-8,162Trimmed
Denison Mines Corp. (DNN)$11.3M0.08%3,697,952-39,563Trimmed
Microsoft Corp. (MSFT)$10.8M0.08%29,057-495Trimmed
Pembina Pipeline Corp (PBA)$10.0M0.07%216,311-6,925Trimmed
JPMorgan Chase & Co. (JPM)$9.7M0.07%29,568-1,832Trimmed
Johnson & Johnson (JNJ)$9.3M0.07%36,671-1,475Trimmed
Johnson Controls International plc (JCI)$9.1M0.07%62,395-4,925Trimmed
Agnico Eagle Mines Ltd (AEM)$6.1M0.04%39,1870Held
Cisco Systems, Inc. (CSCO)$5.3M0.04%45,100-56,360Trimmed
Alphabet Inc. (GOOG)$5.2M0.04%14,627-575Trimmed
Thomson Reuters Corporation (TRI)$4.7M0.04%58,067-1,824Trimmed
Taiwan Semiconductor Manufacturing Company Limited (TSM)$4.3M0.03%8,955-1,110Trimmed
Eaton Corp. plc (ETN)$3.4M0.03%8,053-350Trimmed
Enbridge Inc. (ENB)$3.3M0.02%60,266-2,001Trimmed
iShares Trust (EFA)$3.2M0.02%31,277-6,517Trimmed
PepsiCo Inc. (PEP)$3.1M0.02%22,739-566Trimmed
Novartis AG (NVS)$2.9M0.02%18,599-225Trimmed
3M Co. (MMM)$2.8M0.02%17,260-585Trimmed
Alphabet Inc. (GOOGL)$2.8M0.02%7,790-800Trimmed
Imperial Oil Ltd. (IMO)$2.7M0.02%23,717-5,118Trimmed
Novo Nordisk A/S (NVO)$2.7M0.02%55,413-2,300Trimmed
Costco Wholesale Corp. (COST)$2.6M0.02%2,745-354Trimmed
Honeywell International Inc. (HON)$2.4M0.02%10,573-11,032Trimmed
Honeywell Aerospace Inc. (HONA)$2.3M0.02%10,573+10,573New position
Cenovus Energy Inc. (CVE)$2.3M0.02%93,731-1,775Trimmed
Abbott Laboratories (ABT)$2.1M0.02%23,670-900Trimmed
Diageo plc (DEO)$1.9M0.01%24,060-4,800Trimmed
Procter & Gamble Co. (PG)$1.9M0.01%13,120-375Trimmed
Telus Corporation (TU)$1.8M0.01%172,271-10,100Trimmed
Walmart Inc. (WMT)$1.8M0.01%15,655-1,738Trimmed
Sprott Physical Silver Trust (PSLV)$1.7M0.01%92,5000Held

Every quarter it filed

What the fund reported and how many positions it held, each quarter since September 2024.

QuarterReported valuePositions
June 2026 quarter$13.6B163
March 2026 quarter$14.8B170
December 2025 quarter$16.3B174
September 2025 quarter$16.6B177
June 2025 quarter$17.6B176
March 2025 quarter$17.4B205
December 2024 quarter$18.4B86
September 2024 quarter$20.3B89
Every 13F fund · Fund holdings data