Q1 2026 · 13F-HR
Beutel, Goodman & Co Ltd.holdings as filed
Filed 2026-05-15 · accession 0001361974-26-000007
$14.8M
Reported value
170
Positions
2026-03-31
Period end
The Brief · Beutel, Goodman & Co Ltd. · Q1 2026
AI · grounded in 13F
Beutel, Goodman & Co Ltd. closed its position in CPB with a reduction of $174,679. The fund established a new position in GIL worth $189,749 and added Becton Dickinson & Co with a $151,443 investment. Other notable activity includes increasing shares of UNP by 59,956.8% and trimming its holding in AMGN by 45.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 891160509 | TD | Toronto Dominion Bk | $687,391 | 4.66% | 7,383,692 | Common | SOLE |
| 780087102 | RY | Royal Bank Cda | $581,046 | 3.94% | 3,605,831 | Common | SOLE |
| 063671101 | BMO | Bank of Montreal | $418,798 | 2.84% | 3,101,868 | Common | SOLE |
| 929740108 | WAB | WABTEC CORP | $412,087 | 2.79% | 1,648,944 | Common | SOLE |
| 693506107 | PPG | PPG Industries | $396,751 | 2.69% | 3,712,117 | Common | SOLE |
| 278642103 | EBAY | Ebay Inc | $389,313 | 2.64% | 4,277,227 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $387,253 | 2.63% | 4,469,174 | Common | SOLE |
| H1467J104 | CB | Chubb Limited | $377,108 | 2.56% | 1,157,024 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands International | $376,073 | 2.55% | 5,098,410 | Common | SOLE |
| 64110D104 | NTAP | NetApp | $372,951 | 2.53% | 3,642,465 | Common | SOLE |
| 58933Y105 | MRK | Merck& Co Inc | $364,465 | 2.47% | 3,029,891 | Common | SOLE |
| 775109200 | RCI | Rogers Communications | $363,849 | 2.47% | 9,491,032 | Common | SOLE |
| 56501R106 | MFC | Manulife Fincl Corp | $347,422 | 2.36% | 10,117,802 | Common | SOLE |
| G02602103 | DOX | Amdocs Ltd | $344,846 | 2.34% | 5,284,195 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City | $322,532 | 2.19% | 4,111,721 | Common | SOLE |
| 681919106 | OMC | Omnicom Group | $310,914 | 2.11% | 4,128,466 | Common | SOLE |
| 747525103 | QCOM | Qualcomm | $310,138 | 2.10% | 2,408,283 | Common | SOLE |
| 03076C106 | AMP | Ameriprise Financial | $293,109 | 1.99% | 659,562 | Common | SOLE |
| 67077M108 | NTR | Nutrien | $278,503 | 1.89% | 3,701,225 | Common | SOLE |
| 36168Q104 | GFL | GFL Environmental | $276,001 | 1.87% | 6,637,498 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $273,760 | 1.86% | 9,535,358 | Common | SOLE |
| 12532H104 | GIB | CGI Group | $271,914 | 1.84% | 3,731,273 | Common | SOLE |
| 867224107 | SU | Suncor Energy | $269,430 | 1.83% | 4,086,562 | Common | SOLE |
| 036752103 | ELV | Elevance Health | $259,588 | 1.76% | 886,724 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $258,635 | 1.75% | 1,066,009 | Common | SOLE |
| 136375102 | CNI | Cdn Natl Railway | $247,843 | 1.68% | 2,415,690 | Common | SOLE |
| 87807B107 | TRP | TC Energy | $235,840 | 1.60% | 3,778,289 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management | $229,978 | 1.56% | 5,189,113 | Common | SOLE |
| 031162100 | AMGN | Amgen Inc | $228,462 | 1.55% | 649,319 | Common | SOLE |
| 349553107 | FTS | Fortis Inc | $220,894 | 1.50% | 3,972,034 | Common | SOLE |
| 103310108 | BGSI | Boyd Group Services | $219,313 | 1.49% | 1,723,423 | Common | SOLE |
| 194693107 | CIGI | Colliers Intl | $216,604 | 1.47% | 2,032,428 | Common | SOLE |
| 025816109 | AXP | American Express Co | $201,004 | 1.36% | 664,522 | Common | SOLE |
| 668771108 | GEN | Gen Digital | $195,594 | 1.33% | 10,387,394 | Common | SOLE |
| 136385101 | CNQ | Canadian Natural Resources Ltd. | $195,064 | 1.32% | 4,011,532 | Common | SOLE |
| 574599106 | MAS | Masco | $191,158 | 1.30% | 3,166,441 | Common | SOLE |
| 375916103 | GIL | Gildan Activewear | $189,749 | 1.29% | 3,418,154 | Common | SOLE |
| 866796105 | SLF | Sun Life Fncl Inc | $181,543 | 1.23% | 2,907,092 | Common | SOLE |
| 494368103 | KMB | Kimberly Clark Corp | $177,684 | 1.20% | 1,841,866 | Common | SOLE |
| 231021106 | CMI | Cummins Inc | $174,131 | 1.18% | 323,652 | Common | SOLE |
| 74935Q107 | RBA | RB Global | $164,885 | 1.12% | 1,724,806 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo | $163,042 | 1.11% | 2,048,015 | Common | SOLE |
| 124765108 | CAE | CAE Inc | $161,653 | 1.10% | 6,228,487 | Common | SOLE |
| 11271J107 | BN | Brookfield Corporation | $160,679 | 1.09% | 3,977,934 | Common | SOLE |
| 00217Y104 | ATS | ATS Corp | $153,259 | 1.04% | 5,454,749 | Common | SOLE |
| 038222105 | AMAT | Applied Materials | $152,016 | 1.03% | 444,766 | Common | SOLE |
| 075887109 | BDX | Becton Dickinson & Co | $151,443 | 1.03% | 963,199 | Common | SOLE |
| 351858105 | FNV | Franco Nevada Corp | $148,414 | 1.01% | 601,308 | Common | SOLE |
| 34354P105 | FLS | Flowserve Corp | $147,573 | 1.00% | 2,007,525 | Common | SOLE |
| 784117103 | SEIC | SEI Investments | $139,139 | 0.94% | 1,773,154 | Common | SOLE |
| 09290D101 | BLK | BlackRock | $137,990 | 0.94% | 143,485 | Common | SOLE |
| 571748102 | MRSH | Marsh & McLennan | $135,251 | 0.92% | 779,770 | Common | SOLE |
| 871829107 | SYY | Sysco | $128,910 | 0.87% | 1,807,237 | Common | SOLE |
| 683715106 | OTEX | Open Text Corp | $113,698 | 0.77% | 5,118,468 | Common | SOLE |
| 14316J108 | CG | Carlyle Group | $73,504 | 0.50% | 1,518,992 | Common | SOLE |
| 011532108 | AGI | Alamos Gold | $67,646 | 0.46% | 1,525,351 | Common | SOLE |
| 03073E105 | COR | Cencora | $59,816 | 0.41% | 190,412 | Common | SOLE |
| 55293N109 | MDA | MDA Space | $48,753 | 0.33% | 1,930,691 | Common | SOLE |
| 89679M104 | TFPM | Triple Flag Precious Metals | $41,313 | 0.28% | 1,193,676 | Common | SOLE |
| 113006100 | BBUC | Brookfield Business Corporation | $28,566 | 0.19% | 908,525 | Common | SOLE |
| 25609L105 | DCBO | Docebo | $27,284 | 0.18% | 1,561,781 | Common | SOLE |
| 29842P105 | EPRX | Eupraxia Pharmaceuticals | $26,377 | 0.18% | 3,666,465 | Common | SOLE |
| 78464A409 | SPYG | SPDR Portfolio S&P 500 Growth | $25,600 | 0.17% | 261,658 | Common | SOLE |
| 136069101 | CM | Canadian Imperial Bk | $18,629 | 0.13% | 197,192 | Common | SOLE |
| N5505D105 | MICC | Magnum Ice Cream Company | $14,648 | 0.10% | 979,815 | Common | SOLE |
| 290876101 | EMA | Emera | $14,259 | 0.10% | 275,963 | Common | SOLE |
| 248356107 | DNN | Denison Mines Corp | $13,203 | 0.09% | 3,737,515 | Common | SOLE |
| G16258108 | BEP | Brookfield Renewable Partners | $11,195 | 0.08% | 344,295 | Common | SOLE |
| 064149107 | BNS | Bank of Nova Scotia | $10,948 | 0.07% | 158,376 | Common | SOLE |
| 594918104 | MSFT | Microsoft | $10,939 | 0.07% | 29,552 | Common | SOLE |
| 037833100 | AAPL | Apple | $10,558 | 0.07% | 41,602 | Common | SOLE |
| 706327103 | PBA | Pembina Pipeline Corp. | $9,960 | 0.07% | 223,236 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $9,324 | 0.06% | 38,146 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co. | $9,236 | 0.06% | 31,400 | Common | SOLE |
| G51502105 | JCI | Johnson Controls International | $8,815 | 0.06% | 67,320 | Common | SOLE |
| 008474108 | AEM | Agnico-Eagle Mines Ltd. | $7,928 | 0.05% | 39,187 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems | $7,872 | 0.05% | 101,460 | Common | SOLE |
| 884903808 | TRI4EUR | Thomson Reuters Corp-NEW | $5,388 | 0.04% | 59,891 | Common | SOLE |
| 438516106 | HON | Honeywell Intl. | $4,883 | 0.03% | 21,605 | Common | SOLE |
| 02079K107 | GOOG | Alphabet | $4,360 | 0.03% | 15,202 | Common | SOLE |
| 453038408 | IMO | Imperial Oil | $3,764 | 0.03% | 28,835 | Common | SOLE |
| 464287465 | EFA | iShares MSCI EAFE ETF | $3,670 | 0.02% | 37,794 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $3,619 | 0.02% | 23,305 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing | $3,401 | 0.02% | 10,065 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc. | $3,364 | 0.02% | 62,267 | Common | SOLE |
| 22160K105 | COST | CostCo Wholesale | $3,087 | 0.02% | 3,099 | Common | SOLE |
| G29183103 | ETN | Eaton Corporation PLC | $3,005 | 0.02% | 8,403 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $2,903 | 0.02% | 14,645 | Common | SOLE |
| 66987V109 | NVS | Novartis | $2,875 | 0.02% | 18,824 | Common | SOLE |
| 88579Y101 | MMM | 3M Company | $2,591 | 0.02% | 17,845 | Common | SOLE |
| 15135U109 | CVE | Cenovus Energy | $2,526 | 0.02% | 95,506 | Common | SOLE |
| 002824100 | ABT | Abbott Lab | $2,522 | 0.02% | 24,570 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Cl A | $2,470 | 0.02% | 8,590 | Common | SOLE |
| 87971M103 | TU | TELUS | $2,336 | 0.02% | 182,371 | Common | SOLE |
| 85207K107 | PSLV | Sprott Physical Silver T/U | $2,255 | 0.02% | 92,500 | Common | SOLE |
| 931142103 | WMT | Wal-Mart Stores | $2,161 | 0.01% | 17,393 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC | $2,148 | 0.01% | 28,860 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk ADR | $2,120 | 0.01% | 57,713 | Common | SOLE |
| 92343V104 | VZ | Verizon Communications | $2,025 | 0.01% | 40,345 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $1,949 | 0.01% | 13,495 | Common | SOLE |
| 015857105 | AQN | Algonquin Power & Utilities | $1,484 | 0.01% | 243,220 | Common | SOLE |
| 609207105 | MDLZ | Mondelez Int'l Inc. 'A' | $1,445 | 0.01% | 25,075 | Common | SOLE |
| 85207H104 | PHYS | Sprott Physical Gold T/U | $1,401 | 0.01% | 39,500 | Common | SOLE |
| 83175M205 | SNN | Smith & Nephew | $1,390 | 0.01% | 43,745 | Common | SOLE |
| 254687106 | DIS | Walt Disney | $1,301 | 0.01% | 13,500 | Common | SOLE |
| 464287200 | IVV | iShares Core S&P 500 ETF | $1,208 | 0.01% | 1,849 | Common | SOLE |
| 02209S103 | MO | Altria Group | $1,187 | 0.01% | 18,000 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific Inc. | $1,160 | 0.01% | 2,360 | Common | SOLE |
| 291011104 | EMR | Emerson Electric | $685 | 0.00% | 5,230 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $586 | 0.00% | 10,630 | Common | SOLE |
| 11285B108 | BEPC | Brookfield Renewable | $559 | 0.00% | 14,073 | Common | SOLE |
| 904767803 | UL | Unilever plc | $534 | 0.00% | 9,382 | Common | SOLE |
| G16252101 | BIP | Brookfield Infrastructure Partners L.P. | $515 | 0.00% | 14,273 | Common | SOLE |
| 166764100 | CVX | Chevron Corporation | $494 | 0.00% | 2,390 | Common | SOLE |
| 962879102 | WPM | Wheaton Precious Metals Corp. | $457 | 0.00% | 3,500 | Common | SOLE |
| 219350105 | GLW | Corning Inc. | $445 | 0.00% | 3,275 | Common | SOLE |
| 651639106 | NEM | Newmont Mining Corp. | $433 | 0.00% | 4,000 | Common | SOLE |
| 126650100 | CVS | CVS Health | $421 | 0.00% | 5,865 | Common | SOLE |
| 88023U101 | SGI | Somnigroup International | $416 | 0.00% | 5,635 | Common | SOLE |
| 83443Q103 | SOLS | Solstice Advanced Materials | $365 | 0.00% | 4,795 | Common | SOLE |
| 81369Y209 | XLV | Health Care Select Sector SPDR | $337 | 0.00% | 2,302 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $254 | 0.00% | 1,503 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc | $183 | 0.00% | 800 | Common | SOLE |
| 46090E103 | QQQ | Invesco QQQ Trust | $176 | 0.00% | 305 | Common | SOLE |
| 05534B760 | BCE | BCE | $173 | 0.00% | 6,905 | Common | SOLE |
| 824348106 | SHW | Sherwin Williams Co. | $160 | 0.00% | 500 | Common | SOLE |
| 872540109 | TJX | TJX companies | $159 | 0.00% | 1,000 | Common | SOLE |
| 803054204 | SAP | SAP SE ADR | $128 | 0.00% | 750 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc. Cl. B | $124 | 0.00% | 260 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $118 | 0.00% | 182 | Common | SOLE |
| 194162103 | CL | Colgate Palmolive | $93 | 0.00% | 1,100 | Common | SOLE |
| 88160R101 | TSLA | Tesla Motors Inc. | $83 | 0.00% | 225 | Common | SOLE |
| 617446448 | MS | Morgan Stanley | $82 | 0.00% | 500 | Common | SOLE |
| 023135106 | AMZN | Amazon | $77 | 0.00% | 371 | Common | SOLE |
| 437076102 | HD | Home Depot | $55 | 0.00% | 168 | Common | SOLE |
| 278865100 | ECL | Ecolab Inc. | $53 | 0.00% | 200 | Common | SOLE |
| 459200101 | IBM | IBM Corp. | $50 | 0.00% | 210 | Common | SOLE |
| 92826C839 | V | Visa Inc | $47 | 0.00% | 157 | Common | SOLE |
| 559222401 | MGA | Magna Intl Inc | $44 | 0.00% | 800 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp. | $38 | 0.00% | 125 | Common | SOLE |
| 11276H106 | BIPC | Brookfield Infrastructure Corporation-NEW | $38 | 0.00% | 987 | Common | SOLE |
| 95805V108 | WRN | Western Copper & Gold Corp. | $37 | 0.00% | 14,790 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc. | $30 | 0.00% | 1,100 | Common | SOLE |
| 925283103 | VSNT | Versant Media Group Inc | $30 | 0.00% | 837 | Common | SOLE |
| 464287168 | DVY | iShares Select Dividend ETF | $29 | 0.00% | 195 | Common | SOLE |
| 244199105 | DE | Deere & Co. | $28 | 0.00% | 50 | Common | SOLE |
| 464287762 | IYH | iShares US Healthcare ETF | $28 | 0.00% | 460 | Common | SOLE |
| 464288588 | MBB | iShares MBS ETF | $25 | 0.00% | 270 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp. | $24 | 0.00% | 500 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA | $23 | 0.00% | 132 | Common | SOLE |
| 46137V365 | RSPG | Invesco S&P 500 Equal Weight Energy ETF | $19 | 0.00% | 175 | Common | SOLE |
| 172967424 | C | Citigroup | $17 | 0.00% | 150 | Common | SOLE |
| 088606108 | BHP | BHP Group | $14 | 0.00% | 200 | Common | SOLE |
| 94106B101 | WCN | Waste Connections | $12 | 0.00% | 76 | Common | SOLE |
| 57636Q104 | MA | MasterCard Incorporated | $12 | 0.00% | 25 | Common | SOLE |
| 693475105 | PNC | PNC Financial Services Group | $10 | 0.00% | 50 | Common | SOLE |
| 682680103 | OKE | Oneok Inc. | $9 | 0.00% | 100 | Common | SOLE |
| 46137V100 | PPA | Invesco Aerospace & Defense ETF | $8 | 0.00% | 50 | Common | SOLE |
| 929566107 | WNC | Wabash National Corp. | $6 | 0.00% | 700 | Common | SOLE |
| G87052109 | TEL | TE Connectivity Ltd. | $5 | 0.00% | 25 | Common | SOLE |
| 91324P102 | UNH | United Health Group Inc. | $4 | 0.00% | 18 | Common | SOLE |
| G17434104 | BNT | Brookfield Wealth Solutions Ltd. | $4 | 0.00% | 106 | Common | SOLE |
| 30303M102 | META | Meta Platforms | $2 | 0.00% | 5 | Common | SOLE |
| 29269R105 | EFXT | Enerflex Ltd. | $2 | 0.00% | 100 | Common | SOLE |
| 92206C714 | VONV | VANGUARD RUSSELL 1000 VAL ETF | $1 | 0.00% | 16 | Common | SOLE |
| 81369Y308 | XLP | Consumer Staples Select Sector SPDR | $0 | — | 10 | Common | SOLE |
| 64049M209 | NEO | NeoGenomics Inc. | $0 | — | 50 | Common | SOLE |
| 83444M101 | SOLV | Solventum Corp | $0 | — | 12 | Common | SOLE |
| 654106103 | NKE | Nike | $0 | — | 1 | Common | SOLE |
| 83671M105 | SOBO | South Bow Corp. | $0 | — | 10 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.