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Addenda Capital Inc.

CIK:0001569411
Private Equity
$26B AUM
126 holdings
Montreal, Canada
Founded:1996
184 employees
Latest filing:Sep 30, 2025

Addenda Capital Inc is a privately-owned Canadian investment management firm offering a broad range of strategies to institutional clients and high net worth individuals, with a focus on value creation and supporting the transition to a net-zero emissions society by 2050.

Investment Strategy

Innovative investment strategies built for creating value while supporting the shift to a net-zero emissions society by 2050. Offers active fixed income, public and private equity, responsible investment, and multi-asset solutions.

Latest 13F Filing Activity

Addenda Capital Inc. filed their most recent 13F report on Sep 30, 2025 disclosing 125 equity positions with a total 13F market value of $3B. The fund increased holdings in Agnico Eagle Mines LTD, Alamos Gold Inc. New, Wheaton Precious Metals Corp. among other positions. Addenda Capital Inc. reduced exposure to Descartes SYS Group Inc., Canadian Pacific Kansas City, Cgi Inc. among others.

Top Buys
A
AEMAGNICO EAGLE MINES LTD
+$54.9M
A
AGIALAMOS GOLD INC NEW
+$39.9M
W
WPMWHEATON PRECIOUS METALS CORP
+$38.1M
B
BMOBANK MONTREAL QUE
+$31.9M
S
SHOPSHOPIFY INC
+$31.5M
Top Sells
D
DSGXDESCARTES SYS GROUP INC
-$23.3M
C
CPCANADIAN PACIFIC KANSAS CITY
-$12.3M
G
GIBCGI INC
-$6.8M
C
CNICANADIAN NATL RY CO
-$5.1M
C
CNQCANADIAN NAT RES LTD
-$4.6M

Top Holdings

A
AEMAGNICO EAGLE MINES LTD
+5.0%$169.8M
T
TDTORONTO DOMINION BK ONT
+4.4%$147.5M
R
RYROYAL BK CDA
+4.4%$147.1M
S
SHOPSHOPIFY INC
+4.3%$143.9M
B
BMOBANK MONTREAL QUE
+3.9%$133.2M

Equity Positions (125)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
A
AEM
AGNICO EAGLE MINES LTD5.02%$169.8M724,231$103.77$168.56+$54.9M
T
TD
TORONTO DOMINION BK ONT4.36%$147.5M1,325,250$47.84$79.95+$17.2M
R
RY
ROYAL BK CDA4.35%$147.1M717,131$68.93$147.32+$24.3M
S
SHOP
SHOPIFY INC4.26%$143.9M696,130$46.49$148.61+$31.5M
B
BMO
BANK MONTREAL QUE3.94%$133.2M734,616$106.95$130.25+$31.9M

Industry Allocation

COMMERCIAL BANKS, NEC
+14.1%
GOLD AND SILVER ORES
+11.5%
SERVICES-PREPACKAGED SOFTWARE
+7.5%
OPEATORS OF NONRESIDENTIAL BUILDINGS
+4.6%
RAILROADS, LINE-HAUL OPERATING
+4.5%