Q2 2026 13F · SEC CIK 1539041

Picton Mahoney Asset Management

Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $10.8B
Reported positions: 1,346
Top holdings a year, 3 yrs: +25.7%
Average holding period: 1.4 yrs

Picton Mahoney Asset Management is a hedge fund that reported 1,346 positions worth $10.8B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Royal Bank of Canada (RY, 6.3%), Toronto Dominion Bank (TD, 5.1%), Shopify Inc (SHOP, 2.3%). A portfolio copying its top holdings returned 25.7% a year over the last 3 years, against 17.6% for the S&P 500.

Picton Mahoney Asset Management holdings largest 50 of 1,346 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Picton Mahoney Asset Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
RYRoyal Bank of Canada	6.3%	4.5%	3,315,100	+24.9%	$684.8M
TDToronto Dominion Bank	5.1%	3.6%	4,578,596	+22.2%	$555.3M
SHOPShopify Inc	2.3%	2.6%	2,163,787	+1.3%	$246.9M
CPCanadian Pacific Kansas City	2.3%	2.0%	2,829,879	+14.1%	$244.7M
BNBrookfield Corp	1.9%	1.5%	4,751,905	+30.0%	$202.2M
ENBEnbridge Inc Com	1.7%	1.6%	3,371,682	+21.3%	$182.4M
NVDANvidia Corporation Com	1.6%	1.6%	848,217	-4.7%	$169.7M
CNQCanadian Nat Res Ltd Med Term Com	1.6%	2.7%	4,270,778	-20.6%	$168.6M
BMOBank of Montreal	1.5%	—	945,606	—	$166.7M
FNVFranco Nev Corp	1.5%	2.0%	796,135	+4.9%	$165.7M
SUSuncor Energy Inc New	1.5%	2.0%	3,049,813	+6.1%	$163.7M
SLFSun Life Financial Inc.	1.5%	0.9%	2,061,273	+49.9%	$161.4M
AEMAgnico Eagle Mines Ltd	1.4%	2.0%	975,936	+0.7%	$151.3M
CVECenovus Energy Inc	1.4%	1.3%	5,987,906	+23.0%	$148.2M
TRPTc Energy Corp	1.3%	1.3%	2,150,666	+4.2%	$142.1M
GOOGLAlphabet Inc	1.2%	1.2%	350,882	-15.2%	$125.4M
CLSCelestica Inc	1.0%	1.0%	301,938	-8.7%	$109.8M
WPMWheaton Precious Metals	1.0%	1.1%	971,176	+20.5%	$109.0M
AAPLApple Inc	1.0%	1.1%	358,892	-11.5%	$103.8M
RSPInvesco S&p 500 Equal Weight ETF	1.0%	0.8%	486,850	+27.6%	$103.6M
TECKTeck Resources Ltd	0.9%	0.7%	1,733,240	+28.4%	$103.0M
HBMHudbay Minerals	0.9%	0.8%	4,154,931	+10.5%	$97.9M
OROr Royalties Inc.	0.9%	1.3%	3,091,096	-7.5%	$97.6M
BBarrick Mng Corp	0.9%	1.2%	2,644,794	-5.2%	$97.0M
WCNWaste Connections Inc	0.9%	0.7%	569,050	+29.6%	$94.6M
SPLVInvesco Exch Traded Fd Tr II	0.9%	0.7%	1,254,188	+31.8%	$93.9M
RCIRogers Communications Inc	0.8%	1.2%	2,814,609	-5.9%	$91.3M
AMZNAmazon Com Inc Com	0.8%	0.8%	362,728	+0.2%	$86.5M
IAGIamgold Corporation	0.7%	0.9%	5,016,085	+5.4%	$79.2M
BEPBrookfield Renewable Energy	0.7%	0.6%	2,219,312	+18.2%	$76.7M
MSFTMicrosoft Corp	0.7%	0.8%	195,877	-1.7%	$73.1M
CCJCameco Corp Com	0.6%	0.7%	629,127	+5.3%	$64.0M
BNSBank Nova Scotia B C	0.6%	—	735,921	—	$63.7M
AMDAdvanced Micro Devices Inc	0.6%	—	108,198	—	$62.9M
GILGildan Activewear Inc	0.6%	0.6%	1,200,891	+21.1%	$61.8M
JPMJpmorgan Chase & Co	0.6%	0.4%	185,755	+45.8%	$60.8M
DSGXDescartes Systems Group Inc.	0.5%	0.4%	822,771	+48.6%	$56.8M
MUMicron Technology Inc	0.5%	—	47,110	—	$54.4M
PAASPan Amern Silver Corp	0.5%	0.5%	1,207,847	+49.0%	$54.0M
MGAMagna Intl Inc	0.5%	0.6%	784,411	-18.1%	$51.5M
BIPBrookfield Infrastructure Pa	0.5%	0.5%	1,408,457	+17.0%	$51.3M
AVGOBroadcom Inc	0.4%	0.6%	127,742	-33.5%	$48.3M
FSVFirstservice Corp New Sub Vtg	0.4%	0.4%	330,064	+35.2%	$46.8M
INTCIntel Corp	0.4%	—	333,786	—	$46.6M
TSMTaiwan Semiconductor Manufac	0.4%	0.4%	92,038	-7.6%	$44.0M
BGSIBoyd Group Svcs Inc.	0.4%	0.7%	457,748	-16.8%	$43.2M
LLYLilly Eli & Co	0.4%	—	33,628	—	$40.3M
SNOWSnowflake Inc	0.4%	—	153,756	—	$39.1M
EAElectronic Arts Inc	0.4%	0.4%	189,690	-7.3%	$38.9M
ROLLRbc Bearings Inc	0.3%	—	58,814	—	$37.9M

What Picton Mahoney Asset Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +32.3% /yr; S&P 500 +20.1%
3 years: +25.7% /yr; S&P 500 +17.6%
5 years: +20.5% /yr; S&P 500 +12.7%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$10.8B	1,346
Q1 2026	$9.6B	1,199
Q4 2025	$9.1B	1,174
Q3 2025	$7.8B	1,030
Q2 2025	$7.1B	934
Q1 2025	$2.9B	891
Q4 2024	$2.6B	816
Q3 2024	$2.6B	814
Q2 2024	$2.3B	579
Q1 2024	$2.4B	351
Q4 2023	$2.2B	421
Q3 2023	$2.2B	399

Questions about Picton Mahoney Asset Management's portfolio

What stocks does Picton Mahoney Asset Management own?

Picton Mahoney Asset Management's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 1,346 positions worth $10.8B. The largest are Royal Bank of Canada (RY) at 6.3%, Toronto Dominion Bank (TD) at 5.1%, Shopify Inc (SHOP) at 2.3%, Canadian Pacific Kansas City (CP) at 2.3% and Brookfield Corp (BN) at 1.9%.

What did Picton Mahoney Asset Management buy last quarter?

In Q2 2026, Picton Mahoney Asset Management added Sun Life Financial Inc. (SLF) (+49.9% shares), Pan Amern Silver Corp (PAAS) (+49.0% shares) and Descartes Systems Group Inc. (DSGX) (+48.6% shares), compared with its Q1 2026 filing.

What did Picton Mahoney Asset Management sell last quarter?

In Q2 2026, Picton Mahoney Asset Management cut from its top 50 Lumentum Hldgs Inc, cut from its top 50 Hologic Inc (HOLX), cut from its top 50 Air Lease Corp (AL), cut from its top 50 Sealed Air Corp New (SEE), cut from its top 50 Cae Inc. (CAE), Broadcom Inc (AVGO) (-33.5% shares), Canadian Nat Res Ltd Med Term Com (CNQ) (-20.6% shares) and Magna Intl Inc (MGA) (-18.1% shares), compared with its Q1 2026 filing.

How has Picton Mahoney Asset Management's portfolio performed?

A portfolio copying Picton Mahoney Asset Management's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.7% a year over the last 3 years, against +17.6% for the S&P 500. Over 1 year: +32.3% against +20.1%. Over 5 years: +20.5% a year against +12.7%.

When is Picton Mahoney Asset Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Picton Mahoney Asset Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.