# AGF INVESTMENTS INC.

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1157765. Source: https://holderbook.com/funds/1157765-agf-investments-inc/

- Reported value: $10.6B
- Positions: 443
- Weight of the ten largest: 22.2%
- Filed: 2022-11-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $300.1M | 2,656,139 | 2.8% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $287.1M | 568,486 | 2.7% | 16 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $285.4M | 1,720,460 | 2.7% | 14 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $279.2M | 2,810,344 | 2.6% | 16 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $213.9M | 2,375,517 | 2.0% | 16 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $209.1M | 1,558,202 | 2.0% | 2 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $201.9M | 2,043,165 | 1.9% | 3 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $197.9M | 8,758,369 | 1.9% | 9 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $194.0M | 2,326,962 | 1.8% | 16 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $179.0M | 2,918,813 | 1.7% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $173.8M | 746,202 | 1.6% | 16 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $168.2M | 636,215 | 1.6% | 16 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $165.3M | 4,458,995 | 1.6% | 16 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $145.4M | 887,705 | 1.4% | 11 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $143.4M | 3,079,844 | 1.4% | 16 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $141.5M | 615,951 | 1.3% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $140.4M | 1,182,209 | 1.3% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $137.6M | 1,025,539 | 1.3% | 16 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $127.8M | 3,123,684 | 1.2% | 16 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $126.2M | 787,822 | 1.2% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $126.1M | 771,890 | 1.2% | 16 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $124.1M | 1,415,864 | 1.2% | 16 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $122.7M | 1,013,217 | 1.2% | 16 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $115.9M | 236,888 | 1.1% | 9 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $113.7M | 451,427 | 1.1% | 11 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $113.7M | 942,775 | 1.1% | 10 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $112.9M | 240,098 | 1.1% | 16 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $109.4M | 1,914,192 | 1.0% | 9 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $107.8M | 1,576,000 | 1.0% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $104.2M | 997,002 | 1.0% | 16 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $103.1M | 5,193,984 | 1.0% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $101.1M | 568,888 | 1.0% | 16 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $100.9M | 1,574,994 | 1.0% | 16 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $90.7M | 415,000 | 0.9% | 7 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $89.4M | 222,801 | 0.8% | 11 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $84.0M | 659,268 | 0.8% | 3 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $81.1M | 485,829 | 0.8% | 16 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $79.7M | 2,069,528 | 0.8% | 11 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $76.7M | 1,399,135 | 0.7% | 16 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $76.2M | 1,978,820 | 0.7% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $75.7M | 2,494,635 | 0.7% | 16 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $74.0M | 1,026,911 | 0.7% | 16 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $73.8M | 1,856,763 | 0.7% | 16 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $73.5M | 200,684 | 0.7% | 11 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $71.0M | 1,762,031 | 0.7% | 11 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $70.3M | 621,812 | 0.7% | 11 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $69.0M | 635,757 | 0.7% | 1 |
| GRANITE REAL ESTATE INVT TR | [GRPU](https://holderbook.com/stocks/GRPU/) | $68.8M | 1,425,497 | 0.7% | 11 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $67.9M | 1,418,350 | 0.6% | 16 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $66.8M | 326,436 | 0.6% | 16 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $66.7M | 999,591 | 0.6% | 16 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $64.4M | 231,971 | 0.6% | 10 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $64.0M | 351,869 | 0.6% | 16 |
| BOOZ ALLEN HAMILTON HLDG COR | [BAH](https://holderbook.com/stocks/BAH/) | $63.9M | 691,409 | 0.6% | 1 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $63.7M | 695,261 | 0.6% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $60.6M | 119,443 | 0.6% | 16 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $59.9M | 2,092,658 | 0.6% | 16 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $59.9M | 963,542 | 0.6% | 16 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $59.3M | 1,050,704 | 0.6% | 12 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $57.8M | 803,803 | 0.5% | 3 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $57.5M | 1,600,656 | 0.5% | 4 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $57.1M | 235,482 | 0.5% | 10 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $56.5M | 418,299 | 0.5% | 16 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $56.4M | 679,010 | 0.5% | 16 |
| PRIMERICA INC | [PRI](https://holderbook.com/stocks/PRI/) | $53.9M | 436,454 | 0.5% | 16 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $53.6M | 787,825 | 0.5% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $53.5M | 193,962 | 0.5% | 16 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $53.1M | 640,719 | 0.5% | 16 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $50.9M | 1,419,458 | 0.5% | 16 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $50.8M | 227,037 | 0.5% | 7 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $49.0M | 872,559 | 0.5% | 16 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $48.8M | 350,129 | 0.5% | 16 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $48.6M | 109,390 | 0.5% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $48.2M | 348,499 | 0.5% | 16 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $47.6M | 122,999 | 0.5% | 15 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $46.8M | 350,741 | 0.4% | 16 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $45.7M | 732,550 | 0.4% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $45.3M | 473,999 | 0.4% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $45.0M | 471,822 | 0.4% | 16 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $43.6M | 169,403 | 0.4% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $42.4M | 757,001 | 0.4% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $41.8M | 161,698 | 0.4% | 16 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $41.7M | 1,349,698 | 0.4% | 1 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $41.5M | 1,458,972 | 0.4% | 6 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $40.7M | 572,858 | 0.4% | 16 |
| MURPHY USA INC | [MUSA](https://holderbook.com/stocks/MUSA/) | $40.7M | 148,000 | 0.4% | 10 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $39.7M | 902,471 | 0.4% | 6 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $35.7M | 166,132 | 0.3% | 10 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $34.3M | 240,554 | 0.3% | 16 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $33.8M | 431,070 | 0.3% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $32.0M | 67,777 | 0.3% | 16 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $31.6M | 292,826 | 0.3% | 16 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $31.3M | 1,077,645 | 0.3% | 7 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $30.2M | 511,092 | 0.3% | 16 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $29.9M | 733,060 | 0.3% | 16 |
| AMDOCS LTD | [DOX](https://holderbook.com/stocks/DOX/) | $29.8M | 375,000 | 0.3% | 1 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $28.1M | 996,986 | 0.3% | 16 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $27.5M | 211,705 | 0.3% | 16 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $26.6M | 115,000 | 0.3% | 1 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $26.5M | 221,990 | 0.3% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2022 | -2.7% | -5.3% | +2.6% | 99% |
| Q2 2022 | -15.5% | -16.5% | +1.0% | 99% |
| Q1 2022 | -2.1% | -4.9% | +2.8% | 99% |
| Q4 2021 | +9.1% | +10.7% | -1.6% | 99% |
| Q3 2021 | -1.2% | +0.3% | -1.4% | 99% |
| Q2 2021 | +7.1% | +8.0% | -0.9% | 99% |
| Q1 2021 | +6.2% | +6.0% | +0.2% | 99% |
| Q4 2020 | +15.3% | +11.6% | +3.7% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $10.6B | 443 |
| Q2 2022 | $11.2B | 420 |
| Q1 2022 | $13.3B | 426 |
| Q4 2021 | $13.9B | 716 |
| Q3 2021 | $13.0B | 728 |
| Q2 2021 | $13.4B | 723 |
| Q1 2021 | $12.6B | 738 |
| Q4 2020 | $11.7B | 702 |
| Q3 2020 | $9.9B | 811 |
| Q2 2020 | $9.5B | 808 |
| Q1 2020 | $8.3B | 792 |
| Q4 2019 | $8.3B | 348 |