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Portfolio (Quarterly) Guide ↗

PICTON MAHONEY ASSET MANAGEMENT

· CIK 0001539041
13F Portfolio $13.5B AUM 1,238 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 300 New 337 Added 191 Reduced 260 Exited
Page 2 of 62  ·  1,238 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 MTUM PUT ISHARES TR 520,000.0 $124.8M 0.92% NEW $239.99 +24.3%
22 GOOGL ALPHABET INC Communication Services 413,828.0 $119.0M 0.88% +31K +8.1% $287.56 +39.5%
23 RCI ROGERS COMMUNICATIONS INC Communication Services 2,992,163.0 $115.1M 0.85% +195K +7.0% $38.47 -7.2%
24 B BARRICK MNG CORP Basic Materials 2,790,362.0 $114.1M 0.84% -633K -18.5% $40.88 -0.7%
25 WPM WHEATON PRECIOUS METALS CORP Basic Materials 805,623.0 $105.8M 0.78% -5K -0.6% $131.30 +6.1%
26 AAPL APPLE INC Technology 405,360.0 $102.9M 0.76% -8K -1.9% $253.79 +18.3%
27 GDX CALL VANECK ETF TRUST 1,120,000.0 $102.8M 0.76% NEW $91.77 -4.8%
28 TECK CALL TECK RESOURCES LTD Basic Materials 1,900,000.0 $98.3M 0.73% NEW $51.75 +26.4%
29 CLS CELESTICA INC Technology 330,699.0 $93.3M 0.69% +45K +15.8% $282.17 +27.1%
30 IAG IAMGOLD CORP Basic Materials 4,758,754.0 $89.5M 0.66% -270K -5.4% $18.81 -1.8%
31 SLF SUN LIFE FINANCIAL INC Financial Services 1,374,917.0 $86.2M 0.64% NEW $62.67 +14.3%
32 HBM HUDBAY MINERALS INC Basic Materials 3,758,830.0 $78.7M 0.58% -1.3M -25.3% $20.95 +30.3%
33 AMZN AMAZON COM INC Consumer Cyclical 362,073.0 $75.4M 0.56% +19K +5.7% $208.27 +26.8%
34 MSFT MICROSOFT CORP Technology 199,360.0 $73.8M 0.55% -28K -12.2% $370.17 +10.6%
35 RSP INVESCO EXCHANGE TRADED FD T 381,604.0 $73.2M 0.54% +368K +2679.8% $191.92 +5.0%
36 WCN WASTE CONNECTIONS INC Industrials 439,114.0 $71.4M 0.53% -202K -31.5% $162.52 -4.7%
37 BOYD GROUP SERVICES INC 550,447.0 $70.3M 0.52% +41K +8.0% $127.70
38 TECK TECK RESOURCES LTD Basic Materials 1,349,983.0 $69.9M 0.52% +354K +35.6% $51.75 +26.4%
39 SPLV INVESCO EXCH TRADED FD TR II 951,612.0 $69.6M 0.51% +790K +488.8% $73.14 -1.1%
40 CCJ CAMECO CORP Energy 597,374.0 $64.9M 0.48% +116K +24.0% $108.56 -1.0%
Page 2 of 62  ·  1,238 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 24.8%
Technology 16.2%
Basic Materials 13.9%
Energy 12.9%
Industrials 8.0%
Consumer Cyclical 6.4%
Communication Services 5.7%
Healthcare 5.5%
Utilities 3.3%
Consumer Defensive 2.0%